The discounter will deliver its latest sales results and read on the U.S. consumer as retailers enter a crucial shopping season.Here's what the discounter is expected to report for the fiscal third quarter, according to a survey of analysts by LSEG:The nation's largest retailer will deliver its latest sales results and read on the U.S. consumer to Wall Street as investors gauge consumer sentiment and weigh the outlook for the most crucial shopping season of the year.
Holiday spending is expected to increase this year, but at a modest rate. The National Retail Federation, a retail trade group, said it expects holiday spending in November and December to increase 2.5% to 3.5% compared with 2023, to a range between $979.5 billion and $989 billion. That would be lower than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion.and said it expects sales to rise 3.75% to 4.
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