Market movers: Stocks seeing action on Thursday - and why

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

A look at North American equities heading in both directions

), as Americans continue to struggle with paying high prices for food. While prices for food eaten at home fell for the second-straight month in April, they remain elevated at 7.1% above a year ago, data from the Commerce department showed last week.

“We see a continuation of trade-down, certainly as consumers focus on maybe lower-price proteins or lower pack sizes, but we also see private brand penetration continue to do really well for us in the quarter,” CFO John David Rainey told Reuters. On a post-earnings conference call with analysts, CEO Doug McMillon said he remained “uncertain” about the back half of the year as inflation remained “stubborn” in dry groceries and items made for immediate consumption.

The company also forecast net sales to rise about 3.5 per cent, higher than its prior outlook of 2.5 per cent to 3 per cent.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 5. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Thursday’s Insider Report: Million-dollar purchases in these two dividend stocksA look at recent notable transactions
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Market movers: Stocks seeing action on Tuesday - and whyA look at North American equities heading in both directions
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Stock market today: Asian stocks follow Wall St higher on hopes for U.S. debt dealAsian stock markets followed Wall Street higher on Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt.
Herkunft: CTVNews - 🏆 1. / 99 Weiterlesen »