Walmart's (WMT) stellar Q3 performance was driven by growth across all business segments. Net income reached $5.1 billion, or 60 cents per share on an adjusted basis, significantly exceeding the consensus estimate of 53 cents. E-commerce sales jumped 21%, with Sam’s Club seeing a 4.6% increase in sales. The company also saw international sales [...]
Target (TGT) reported first-quarter results Wednesday that left much to be desired, sending shares tumbling lower. The company noted it is seeing a pullback in consumer spending. Revenue came in at $24.53 billion compared to $24.52 billion expected, narrowly avoiding a missing on the top line. However, the retailer did miss the bottom line [...]
Walmart Inc. (WMT) is up more than 6% through this past week after delivering an impressive Q1 earnings performance coupled with an upbeat outlook for the full year. America’s quintessential discount retailer grew revenue by 6% to $161.51 billion, surpassing the FactSet consensus of $159.57 billion. The company saw a 21% uptick in e-commerce [...]
Walmart (WMT) shared the results from its fourth quarter alongside the announcement that it would be purchasing TV manufacturer Vizio while simultaneously boosting the quarterly dividend. All this news sent shares 4% higher Tuesday morning, adding to what has been a strong trend over the past few weeks. The worldwide retailer is benefiting from [...]
Shares of Dollar General (DG) have fallen more than 11% in the last month, but things started to turn around this Friday morning. The company reported that CEO Todd Vasos would return to the helm and shares jumped 10%. This is the biggest single-day jump since May of 2022. This came after the previous [...]
Just a few weeks ago we talked about the backlash Target (TGT) faced as a result of their LGBTQ+ friendly line - and the subsequent pulling of that line from the shelves. And now, it’s becoming more apparent that the retailer faces another headwind on the horizon. As the student loan restart is scheduled [...]
Target (TGT) has been battling serious backlash in recent weeks after shoppers took offense to their “tuck-friendly” swimsuits and a “the Devil Respects Pronouns” shirt. These products were designed for the transgender community and were part of a larger Pride line that hit shelves not too long ago. Critics claimed that these products shouldn’t [...]
Early this morning news of Wells Fargo downgrading Costco hit the digital world. Investors responded by selling off company shares, resulting in a 2% loss as of 11 am EST. What exactly did Wells Fargo see that resulted in this downgrade, and what should you do next as an investor? We’ll cover all this and [...]
