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24.02.26 - 12:30
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Home Depot, Inc. Q4 Profit Drops (AFX)
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COBB COUNTY (dpa-AFX) - Home Depot, Inc. (HD) revealed a profit for fourth quarter that Drops, from the same period last yearThe company's bottom line totaled $2.571 billion, or $2.58 per share. T......
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20.11.25 - 20:31
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Retail Earnings Send Mixed Messages About US Consumer (Bloomberg)
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With the earnings results from a slew of major retailers hitting, the last few days have been critical to traders seeking a view on the health of US consumers and the economy. Bloomberg Television Markets Correspondent Norah Mulinda breaks down what results from big-box chains including Target, Walmart, and Home Depot mean for the market. (Source: Bloomberg)...
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20.11.25 - 14:24
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Walmart Beats Earnings, Hikes Guidance As Consumer Trade-Down Accelerates (ZeroHedge)
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Walmart Beats Earnings, Hikes Guidance As Consumer Trade-Down Accelerates
Walmart shares are moving lower in premarket trading despite solid third-quarter results, suggesting that price-sensitive consumers are flocking to its stores nationwide. The shift toward value mirrors what off-brand retailer TJ Maxx reported on Wednesday. It caps a pivotal week for retailers (as described by Goldman's Scott Feiler), with Home Depot and Target both highlighting sagging demand and stressed household budgets earlier in the week.
What's key to understand is that consumers are continuing to trade down to Walmart in the third quarter. The retailer's core U.S. stores saw same-store sales rise 4.5%, beating the Bloomberg Consensus estimate of 4.03%. Store visits were down during the quarter, but basket sizes grew.
Third-Quarter Results (All vs. BBG Estimates)
U.S. comp sales ex-gas: +4.4% (est. +4.0%).
Walmart U.S. stores: +4.5% (est. +4.03%).
Sam's Club: +3.8% (miss vs. est. +4.77%).
Adjusted EPS: $0...
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19.11.25 - 21:54
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Lowe′s Profits Top Estimates as TJX Raises Outlook (Bloomberg)
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Lowe's Cos. reported profit that topped expectations on a pickup in online sales and growth in demand from professional contractors. The results mark a minor bright spot in retailer results this week after competitor Home Depot cut its full-year profit target on Tuesday as consumers pulled back on bigger ticket purchases. Elsewhere, TJX Cos., which runs chains including TJ Maxx and Marshalls, posted sales above estimates last quarter, raising its outlook, and perhaps signaling that US shoppers are turning to cheaper options as the economy shows signs of stress. Bloomberg's Redd Brown and Lily Meier joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break it all down. (Source: Bloomberg)...
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