Walmart reports solid sales and profits
Digest more
Target CEO steps down
Digest more
Walmart said it managed to avoid some of the price hikes it expected last quarter, but its costs continue to increase each week.
The company marked a milestone in May — posting its first profitable quarter for its e-commerce business in the U.S. and globally.
Shares of Walmart are trading more than 5% lower following the world’s largest retailer’s quarterly earnings release. The results, announced this morning, triggered a selloff that pushed the stock below key technical support levels.
Several big-box U.S. retailers are reporting second-quarter earnings this week, offering a glimpse into the spending habits of consumers and the continued impact of President Trump’s trade war. Here a
Executive Editor Brian Sozzi joins Ramzan Karmali on Market Sunrise to talk about the major earnings calls coming up this week, including Target (TGT), Home Depot (HD) and Walmart (WMT).
Either way, the sales and discounts at major retailers, including Walmart, will continue for a few more weeks. Need a break? Play the USA TODAY Daily Crossword Puzzle. We've compiled a roundup of back-to-school deals from major retailers, from Target to ...
Americans have gotten a jump on back-to-school shopping this year to avoid increased prices from Trump’s tariffs, some are seeking out a tariff-free store.
In 2025, Walmart has been a clear outperformer, up 12%, while Target has slumped 22%. Technicians tend not to believe too much in mean reversion, because once trends are in motion, they are more likely to remain in place rather than reverse. Expect this dynamic to continue.
It didn’t have to be this way. At the start of his tenure, Cornell, who the company announced yesterday will step down as CEO on February 1, was an outsider unafraid to move fast and break things. He had been CEO of a big PepsiCo unit, Michaels Stores, and Sam’s Club before that.
According to a recent analyst note obtained by MarketWatch, BofA analysts state that because of its high import exposure, Target will need to increase its prices to twice the rate