Earnings target plunges 90% as inflation-weary buyers pull back

New York CNN Business — Target said its profits fell 90% in the second quarter, well below expectations as inflation-weary customers cut spending on non-essential items. Retailers, including Target, have been forced to lower prices on general merchandise, such as clothing, electronics and household items, due to excess inventory of goods. Consumers should shift their … Read more

Walmart results ease some fears of recession

New York CNN Business — Walmart reported good news on Tuesday for investors and economists worried about a looming recession, as the retail giant painted a much more optimistic picture of consumer spending than it offered less ago. one month. On July 25, Walmart issued a revenue warning for the rest of the year, saying … Read more

Why Are Walmart Stocks Rising? The retailer exceeds its estimates and increases its forecast.

Text size Walmart posted second-quarter adjusted earnings of $1.77 per share. Justin Sullivan/Getty Images walmart it is sales rose and earnings beat estimates in the second quarter, pushing shares of the retail giant higher. Tuesday, walmart (ticker: WMT) posted adjusted earnings of $1.77 per share, beating analyst estimates of $1.63, according to FactSet. Sales of … Read more

Dow opens higher as Walmart and Home Depot beat forecasts

Text size US housing starts in July fell more than expected and to the lowest level since the start of 2021. (Spencer Platt/Getty Images) Shares were mixed at the open on Tuesday after earnings from walmart and Home deposit beat Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing … Read more