Walmart, Home Depot earnings: Checking in on the US consumer

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 68 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

Home Depot News

Walmart,University Of Michigan,Earnings Reports

Big-box retailers Home Depot (HD) and Walmart (WMT) are set to report their first-quarter earnings figures on Tuesday, May 14, and Thursday, May 16...

) are set to report their first-quarter earnings figures on Tuesday, May 14, and Thursday, May 16, respectively. On May 10, the University of Michigan shared that itsThis earnings season, we have seen rising prices force consumers to pull back on spending for fast food.

And that's something that Wal Mart has been strong on in recent years as both low income and high income shoppers look to Walmart for that low price every day strategy.And what we've seen is that Walmart has introduced things like new private label brands called Better Goods. But one point to make here is that Home Depot is really relying on that pro side of things to boost its upcoming quarter Wall street really, depending on that.And that's really this, they're really leaning on this pro like roofers, like contractors in order to offset that pull back that they're seeing in the everyday consumer and back up to some of the other names that space, obviously the rival being lows there.

But Target just has not been able to maximize as much as Wal Mart has on where consumers are seeking value and really taking advantage of that low price strategy that seems to be working for Walmart right now.15 Fastest-Growing Cities in Canada Buffett sold $17 billion of stocks and amassed a record $189 billion cash pile last quarter because he knows the fun won't last, Paul Dietrich said.What's next for investors as central banks continue to hold ratesDon't ignore the threat to the loonie that's lurking across the pond, economist warnsThe Future Giants: 3 Emerging Stocks With Incredible Growth Potential

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Strong Walmart earnings may already be priced in with shares near recordExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Strong Walmart earnings may already be priced in with shares near recordWalmart's earnings amid signs of weaker discretionary spending could add fuel to a rally that has propelled its shares to record highs, or potentially spook ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »