Home Depot Inc
Lowe’s cuts sales outlook as homeowners take on fewer projects; shares slide
An exterior view of a Lowe’s home improvement store. Lowe’s Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty Images Lowe’s on Tuesday lowered its full-year sales outlook, after customers spent less on do-it-yourself projects and caused its fiscal third-quarter sales to tumble nearly 13% year over year. […]
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Deflation could be coming this holiday season, Walmart CEO says
Shoppers may get an early present this holiday season: falling prices in many gift-giving categories. On Thursday, Walmart CEO Doug McMillon said deflation could be coming as general merchandise and key grocery items, such as eggs, chicken and seafood get cheaper. He said the retailer expects some of the stickier higher prices, such as the […]
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Target will report earnings before the bell. Here’s what to expect
A Target department store in North Miami Beach, Florida, on May 17, 2023. Joe Raedle | Getty Images Target will report fiscal third-quarter earnings on Wednesday, as the company tries to claw its way back from a string of disappointing results and high-profile setbacks. Investors will listen for any signs that the retailer’s sales are […]
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Shares building the major moves midday: Residence Depot, Fisker, SolarEdge and additional
Verify out the providers producing headlines in midday trading. Azenta — The life science inventory jumped 13% on Tuesday, a day after the business sent its fiscal fourth-quarter report. In addition to beating estimates of analysts polled by FactSet on the two lines, the business also issued complete-year modified earnings steerage of 19 cents to […]
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Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers
Vehicles fill the parking lot of a Home Depot store in Bloomsburg. Paul Weaver | Lightrocket | Getty Images Even as Home Depot forecast sales declines, the retailer had good news for investors and consumers on Tuesday. “I think the most important observation we’ve made is that the worst of the inflationary environment is behind […]
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Home Depot earnings beat, but retailer offers a tepid outlook as sales slide
Home Depot‘s quarterly sales declined 3% from the year-ago period, but topped Wall Street’s expectations as customers chipped away at more modest projects and home repairs. The retailer indicated caution about the coming months, as it narrowed its full-year outlook. It said it now anticipates sales will fall by 3% to 4% from the prior […]
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Inventory futures are little changed as traders await essential inflation report: Are living updates
Traders perform on the floor of the New York Stock Trade for the duration of afternoon buying and selling, July 18, 2023. Michael M. Santiago | Getty Visuals Information | Getty Pictures Inventory futures have been near flat Monday night time forward of a closely viewed inflation report thanks ahead of the bell on Tuesday. […]
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Deal-hungry shoppers will squeeze holiday sales growth to pre-pandemic levels, retail group says
Holiday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation. The major trade group expects sales in November and December to rise by 3% to 4% year over year. That […]
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Slowing inflation is dragging on Kroger sales, even as consumers still feel a pinch
Good news for consumers is bad news for Kroger. As prices that shoppers pay for groceries stabilize or fall, the supermarket operator’s sales are sagging. On Friday, the company posted fiscal second-quarter sales that missed Wall Street’s expectations. The company stuck with its full-year outlook, but said the slowing rate of inflation will mean less […]
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Best Buy scales back sales outlook as results top expectations
A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022. Jim Vondruska | Reuters Best Buy on Tuesday surpassed Wall Street’s quarterly sales expectations, but tempered expectations for the rest of the year as it feels the lull of post-pandemic spending on kitchen appliances, […]
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