Walmart has raised its forecast for sales and profit for the year, despite caution from US consumers as the holiday season begins. The retailer warned of uneven spending among consumers, leading to a 7.7% slide in its shares. Macy's, on the other hand, saw its shares surge after crushing analysts' estimates for quarterly profit. Target, Home Depot, and Macy's all reported better-than-expected profits in a busy week for retail earnings. Retailers announced that spending on discretionary items remained weak, with a focus on groceries and health/wellness products.
Stocks were up again, Walmart and Target reported earnings and all eyes are on the consumer this Black Friday. @RitikaGuptaTV has your weekly markets wrap https://t.co/aiLIgMlvG7 https://t.co/TYEoruNMwc
Stocks were up again, Walmart and Target reported earnings and all eyes are on the consumer this Black Friday. @RitikaGuptaTV has your weekly markets wrap https://t.co/RW7mLfhXJJ https://t.co/v9CLnOzTVx
Following a big summer spending season, retailers this week announced in quarterly earnings that spending on discretionary items such as furniture, apparel and appliances remained weak, as shoppers prioritise groceries and health/wellness products https://t.co/0WPrF6X15U
Stocks were up again, Walmart and Target reported earnings and all eyes are on the consumer this Black Friday. @RitikaGuptaTV has your weekly markets wrap https://t.co/RW7mLfhXJJ https://t.co/D9BndzuFOF
Stocks were up again, Walmart and Target reported earnings and all eyes are on the consumer this Black Friday. @RitikaGuptaTV has your weekly markets wrap https://t.co/fuYPp1dpGl https://t.co/7D2foeUDHV
Stocks were up again, Walmart and Target reported earnings and all eyes are on the consumer this Black Friday. @RitikaGuptaTV has your weekly markets wrap https://t.co/aiLIgMlvG7 https://t.co/Jc95x1ojOC
WATCH: Walmart shares slide to 7.7% as the biggest US retailer predicts 'uneven' spending among the consumers as the holiday season gets underway, and more. Here's a roundup of the financial stories this week https://t.co/eL3om2x3t7
Walmart shares slide to 7.7% as the biggest US retailer predicts 'uneven' spending among the consumers as the holiday season gets underway, and more. Here's a roundup of the financial stories this week https://t.co/LdxujHKaCe
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
Walmart warned of a cautious holiday consumer, sending its shares down and Macy's crushed analysts' estimates for quarterly profit on lower inventories and strong demand for beauty products, sending the department store operator's shares higher https://t.co/R1mi58WMDI https://t.co/W45BOaPtw4
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 said US consumers are acting more cautious with spending as the holiday season gets underway, even as the largest US retailer raised its forecast for sales and profit for the year https://t.co/H2ckYMmXNd https://t.co/31YoxBSOZS
Walmart said US consumers are acting more cautious with spending as the holiday season gets underway, even as the largest US retailer raised its forecast for sales and profit for the year https://t.co/R1mi58WeOa https://t.co/FHrYMGaW1j