Lowe's guidance looks beatable because future tariff refunds are not yet baked into numbers, so reported results should come in better than the cautious outlook even though the housing-linked DIY consumer remains pressured.
Target's turnaround is working. The company posted good Q2 results on top of a good Q1, with same-store sales up 3.8% driven almost entirely by traffic up 3.6%, and customers are coming back to the brand and stores.
Walmart should have a solid quarter with same-store sales around 3.8%, continue to take share from weaker middle-market retailers, and deliver a strong enough result to get the stock moving again even without a guidance increase.