Walmart has raised its annual profit forecast but expressed caution about US consumer spending, leading to a slide in its shares. Macy's reported better-than-expected profits due to improved inventory management, although same-store sales fell. The retailers' cautious outlook has raised concerns about the holiday shopping season, with consumers showing signs of restrained spending. This has impacted Walmart's stock negatively, while Macy's stock surged. Other retailers like BJ's Wholesale, Target, and Home Depot also reported earnings, with mixed results.
Black Friday came early this year, signaling worries about holiday demand https://t.co/1775J3BcC9
Americans are looking less likely to splurge, even as they head into the holiday season, per McKinsey: https://t.co/IIj1uB12yJ
It's been a busy week for retail earnings, with Target, Home Depot and Macy's all reporting better-than-expected profits. https://t.co/PuY3Nu6kSH
It's been a busy week for retail earnings, with Target, Home Depot and Macy's all reporting better-than-expected profits. https://t.co/pDtcMyu28a
BJ's Wholesale slides as Q3 sales miss forecasts, holiday outlook see muted store traffic https://t.co/oOReFGn0NT
Walmart warned of a cautious holiday consumer, sending its shares down. Meanwhile, shares of Macy's surged after the department store operator crushed analysts' estimates for quarterly profit https://t.co/H2ckYMmpXF https://t.co/yDXw8AcbWf
Walmart warned of a cautious holiday shopper, sending its shares down more than 7% in early trading and Macy’s posted strong results, with its shares surging as much as 14% https://t.co/R1mi58WeOa https://t.co/milFck2dB0
Anticipating Better Deals To Come, Shoppers Will Bypass Black Friday https://t.co/VW13D44XPA
Walmart warned of a cautious holiday shopper, sending its shares down more than 7% in early trading and Macy’s posted strong results, with its shares surging as much as 14% https://t.co/H2ckYMmXNd https://t.co/NQEk7ddLdL
Walmart shares dropped on Thursday as the company offered a cautious outlook on consumer spending. https://t.co/ExWTWHVJMi https://t.co/CoZStwyKH9
Walmart warned of a cautious holiday consumer, sending its shares down. Meanwhile, shares of Macy's surged after the department store operator crushed analysts' estimates for quarterly profit https://t.co/R1mi58WeOa https://t.co/D3pXtkOjgq
Breakingviews - Walmart can overcome its dulling inflationary edge https://t.co/gBH7jpE67J https://t.co/gBH7jpE67J
Walmart warns of a more cautious consumer ahead of the holiday shopping season https://t.co/vMQSVdi0qK
Breakingviews - Walmart can overcome its dulling inflationary edge https://t.co/qnmOg6rAw1 https://t.co/qnmOg6rAw1
From Breakingviews - Walmart can overcome its dulling inflationary edge https://t.co/sXZkK236wO https://t.co/sXZkK236wO
Walmart sounds an economic warning right before Christmas https://t.co/PsUyJdn7ok
Walmart narrowly lifts forecast as inflation stays consumer concern https://t.co/ZisOSAPBs2
Macy's smashes profit estimates as margins improve, shares jump https://t.co/TkWVuQdTvu https://t.co/iTtgO9uM0d
Walmart shares tumble after cautious earnings outlook https://t.co/kugESicuUf
Walmart Stock Tanks As Retailer Warns Consumers Still Tightening Their Belts https://t.co/dNAzoYBrbU https://t.co/pTpsfBaOqF
Walmart, the world's largest retailer, is worried about consumer resilience. It saw a "sharper falloff" in recent weeks & expects consumers to rely on discounts—citing high rates & student loan repayments. Rate hikes are done, but the consumer squeeze is just getting started. https://t.co/ASld9vYybB
Walmart narrowly lifts forecast as inflation stays consumer concern https://t.co/zdr5F99Tz3
Walmart stock moves lower as upbeat sales are offset by cautious guidance https://t.co/JUTRYxYcWR by @BrookeDiPalma
Walmart sank as the retailer struck a concerned tone on the outlook for US consumers after signs of weakness at the end of October https://t.co/OnDqQcyDVF https://t.co/BpQ1CYZwUq
Futures Drop As Walmart Consumer Caution Pours Cold Water On Sentiment https://t.co/x93NNZQgEL
Walmart shares slide as retailer gives a cautious outlook about consumer spending https://t.co/HHA11Gqkhn
"But in the in the last couple of weeks of October, there were certainly some trends in the business that made us pause and kind of rethink the health of the consumer.” $WMT Walmart shares slide as retailer gives a cautious outlook about consumer spending https://t.co/fLwCqAkM7e
Walmart Crashes On Disappointing Guidance, Warns That Consumer Spending Is Deteriorating https://t.co/gWmrRLKvPp
Walmart modestly raises its annual profit forecast but strikes a cautious tone about the outlook for US shoppers https://t.co/5k1TVVjUsC
JUST IN: Macy’s reports third-quarter profit that beat expectations, thanks to better inventory management, though same-store sales fell for a third straight quarter https://t.co/1sEw6Jthxo
Macy’s reports third-quarter profit that beats expectations, thanks to better inventory management https://t.co/NBickk7pRE
Walmart slumps as cautious consumer spending outlook clouds Q3 earnings beat https://t.co/OLP1fZpuDr
Walmart modestly raises its annual profit forecast but strikes a cautious tone about the outlook for US shoppers https://t.co/2NR7g9AHiR
Walmart modestly raises its annual profit forecast but strikes a cautious tone about the outlook for US shoppers https://t.co/UpCuFKAzRj
JUST IN: Walmart modestly raised its annual profit forecast, but struck a cautious tone about the outlook for US shoppers https://t.co/w8Cm6tUymn
Walmart tops earnings estimates as e-commerce helps drive 5% jump in sales https://t.co/ycHsUDJWcT
Macy's profit beats as inventory and margins improve https://t.co/uffeF5e1sZ
Morning Bid: Consumers in focus as Walmart reports https://t.co/1umvv52sKe https://t.co/YQwpr30xIe
With Black Friday only about a week away, there are signs consumers aren't in a jolly, high-spending mood. https://t.co/nBjxf9uDF2
Anticipating Better Deals To Come, Shoppers Will Bypass Black Friday https://t.co/fMsNUKXBm5