Retail giant Target reported worse than expected third quarter earnings premarket on Wednesday. TGT cut their profit outlook again, something they have done multiple times this year. TGT stock slumped around 15% premarket. Target will continue to heavily discount its excess inventory. Competitor Walmart reported better than expected earnings Tuesday. It appears strapped customers are heading to cheaper product at WMT. Gross and operating margins are expected to shrink further again in the quarter, as discounts and higher supply-chain costs … Continue reading “Target Lowers Earnings Guidance Hurt by Strapped Consumers”
Walmart Raised Earnings Guidance Announcing $20 Billion Share Buyback
The world’s largest retailer Wal-Mart on Tuesday reported better than expected earnings before the bell with revenue $152.80B beating the expected $147.34B. WMT raised its year outlook on strong results for Q3 The company is gaining market share in consumer basics shoppers grapple with inflation. Heavy discounting and focus on keeping prices lower than competitors is working. Walmart also raised its full-year net sales expectations and announced a new $20 billion share buyback plan, pushing its shares up 6% in … Continue reading “Walmart Raised Earnings Guidance Announcing $20 Billion Share Buyback”
Walmart Revenue Rose as it Gained Market Share in Groceries and Private Labels
The world’s largest retailer Wal-Mart on Tuesday reported better than expected earnings before the bell with revenue up 8.4% to $152.86 billion. WMT is gaining market share in consumer basics shoppers grapple with inflation. Walmart is also selling through a glut of inventory leading to higher discounts which put pressure on profit margin. Operating income in the latest quarter dipped 6.8%. U.S. comparable sales, rose 6.5% in the quarter ended July 29, helped by higher prices, market-share gains in grocery … Continue reading “Walmart Revenue Rose as it Gained Market Share in Groceries and Private Labels”
What to Expect with Walmart Earnings after Margin Compression Warning
The world’s largest retailer Wal-Mart on Tuesday report before the bell. WMT warned on margin compression and soaring dollar lowering forward guidance in late July. Investors will be looking for which products are still attracting consumer spending with the impact of inflation. Walmart in Q1 saw its earnings hit by high prices forcing customers to choose purchases of food and other staples over higher margin, discretionary items. This has likely seen with more markdowns to move overstock inventory in some … Continue reading “What to Expect with Walmart Earnings after Margin Compression Warning”
What to Expect with Target Earnings as Gross and Operating Margins Shrink
Retail giant Target is due to report second quarter earnings premarket on Wednesday. TGT has already cut its profit outlook twice in three weeks with its EPS expected to fall by around 80% year-over-year after rapidly liquidating its excess inventory. $TGT reported worse than expected first-quarter earnings missing on major metrics and its shares fell over 26%. Competitor Walmart reports Tuesday. Gross and operating margins are expected to shrink further again in the quarter, as discounts and higher supply-chain costs … Continue reading “What to Expect with Target Earnings as Gross and Operating Margins Shrink”
Target Misses Earnings Metrics as Margins Collapse on Soaring Expenses
Retail giant Target Corporation on Wednesday reported worse than expected first-quarter earnings missing on major metrics. $TGT shares fell over 26%. Competitor Walmart reported yesterday and also sold off on its earnings miss for its largest single-day percentage decrease since 1987. Target management said fuel and freight costs will be $1 billion higher this year than it had expected, with little sign of their easing throughout 2022. Target Corporation NYSE: TGT Reported Earnings Before Market Open Wednesday $1.09 Missed $1.11 … Continue reading “Target Misses Earnings Metrics as Margins Collapse on Soaring Expenses”
Walmart Earnings Hit by Inflation, Lowers Forward Guidance
Retail giant Wal-Mart on Tuesday reported worse than expected first-quarter earnings and cut its full-year profit forecast, as surging costs cut into the bottom line of the world’s biggest retailer. WMT said it sees earnings falling by around 1%, compared to a prior forecast of a 5% to 6% increase. The stock was down 7% Premarket. “Bottomline results were unexpected and reflect the unusual environment. U.S. inflation levels, particularly in food and fuel,” said CEO Doug McMillon. Walmart Inc NYSE: … Continue reading “Walmart Earnings Hit by Inflation, Lowers Forward Guidance”
Walmart Online Sales Continue Sharp Rise During The Coronavirus Pandemic
Retail giant Wal-Mart on Tuesday reported better than expected third-quarter earnings and reiterated for Q4. U.S. same-store sales rose 6.4%, continuing near 10 years highs, e-commerce sales jumped 79% as stay at home shoppers grew and $WMT continued to inch into $AMZN’s space.
Walmart Beat Earnings Expectations as Online Sales Continue Rise
Retail giant Wal-Mart on Tuesday reported better than expected Fourth-quarter earnings and reiterated for Q1. U.S. same-store sales rose 4.0%, continuing near 10 years highs, e-commerce sales jumped 42% as it continued to inch into $AMZN’s space.
Target Misses on Earnings, Revenue and Same Store Sales
Retail giant Target Corporation on Tuesday reported worse than expected third-quarter earnings missing on major metrics. $TGT shares fell over 12% before the open, Competitor Walmart reported last week. E-commerce sales were higher with $WMT and $AMZN’s ahead.