Retail
Marks & Spencer’s (LON: MKS) share price will be in the spotlight next week as the company publishes its preliminary financial results. It has done well ahead of these results as it jumped to 276.9p, its highest swing since January 10th. Interim earnings aheadMarks & Spencer, the giant British retailer, will publish its interim result, providing more colour about its transformation. These results will show that UK retailers and the economy are doing well. A recent report revealed that the economy emerged from a recession in the first quarter. A separate figure showed that the country’s retail ...
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GameStop Corp (NYSE: GME) opened about 20% down on Friday after filing to sell additional shares in an at-the-market offering. How many shares does $GME plan on selling?The video gaming merchandise retailer plans on offering 45 million shares in total. What it plans on doing with the proceeds, however, remains unclear. $GME is opting for a stock sale shortly after a brief return of the meme stock craze that saw its shares trade at a high of about $65. But they crashed sharply after the short squeeze and are now trading at $22 and change. The massive gain in GameStop stock that lasted hardly fo...
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Kingfisher (LON: KGF) share price has continued its short squeeze this year as investors bet on its recovery. It surged to 270.5p this week, its highest level since March 2023. It has soared by over 36% from its lowest level in 2023. Kingfisher’s earnings aheadKingfisher has become one of the biggest retailers in the UK. While its name is not well-known, its brands like B&Q, Castorama, ScrewFix, and TradePoint are well-known in Europe. Most of its sales are in the UK, Ireland, and France. Unlike its peer brands like Home Depot and Lowe’s, Kingfisher’s business did not boom during the Covid-19 ...
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Costco Wholesale Corporation (NASDAQ: COST) is trading at an all-time high after Uber Eats teamed up with the retail behemoth on Thursday. Details of Costco-Uber partnershipUsers can now have groceries and other merchandise delivered from Costco via Uber Eats. Members of the wholesale club will get better pricing as well as a 20% discount on Uber One. $COST is now trading at a forward price-to-earnings multiple of nearly 50 which makes it even more expensive than Nvidia at 36 only. And that’s when the semiconductor behemoth is expected to roughly double its earnings over the next year while Co...
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New York (AFP) - Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales. Profits more than tripled to $5.1 billion for the quarter ending April 30 on a six percent rise in revenues to $161.5 billion. Earnings in the 2023 period were dented by exceptional losses in equity investments. The results, which topped analyst estimates, lifted shares, which rose 6.3 percent in morning trading. The improved sales to wealthier shoppers reflect a focus on affordable pricing and conveni...
AFP
Walmart Inc (NYSE: WMT) announced plans of taking its data analytics platform global on Thursday. Shares of the retail behemoth are up 5.0% at writing. What is Walmart Luminate?Luminate was a result of a collaboration between Walmart and a third-party research firm called Dunnhumby in 2021. The data analytics platform is based out of Bentonville, Arkansas. According to $WMT: Mirroring the strategy used in the U.S., this will be a phased launch, starting with Shopper Behaviour followed by Channel Performance and Customer Perception. Note that Walmart Inc also reported its financial results for ...
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Discount home retailer Walmart Inc announced its Q1 earnings today before US markets opened. With the US economy embattled with stickier-than-expected inflation and interest rates still punishingly high for consumers, the market was eager to see what would come from today’s earnings. Walmart has a reputation for results outperforming when the US economy is in dire enough straits (lie in the 2008 financial crisis), but its also known to lose revenue on its big-ticket purchases when consumers tighten their belts. Read our analysis on the significance of today’s Walmart earnings here The financia...
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Tomorrow, Walmart Inc, one the largest US multinational retailers in the world, reports its earnings for the first quarter of its FY 2025. And they’re more important than you might think – even if you’re not a Walmart investor. Why are Walmart earnings important?What many people don’t know is that Walmart is often considered by analysts to be a bellwether stock for the average American household’s financial circumstance in the last quarter. Whether spending increased on big ticket items – or decreased instead – at stores as widespread as Walmart can be a valuable window into the health of the ...
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Amazon.com Inc (NASDAQ: AMZN) is in focus today after Adam Selipsky – the chief executive of its cloud computing segment said he will step down next month. Matt Garman named the new CEO of AWSSelipsky will be succeeded by Matt Garman who currently is the senior vice president of sales and marketing at AWS. Adam Selipsky quoted desire to spend more time with family as the reason for his departure. His memo to employees reads: Now is an appropriate moment for me to make this transition, and spend more time with family, recharge a bit, and create some mental free space to reflect and consider the...
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As Walmart Inc. (NYSE:WMT) gears up to reveal its Q1 2025 earnings on May 16, 2024, investors are eagerly awaiting insights into the retail giant’s performance. Amidst a flurry of projections and expectations, analysts have painted a mixed picture for Walmart’s upcoming financials. Forecasts suggest revenue of $158.0 billion, adjusted EBITDA of $9.56 billion, operating profit of $6.56 billion, and earnings per share (EPS) of $0.52. However, a cautious undertone emerges from downward revisions in EPS estimates, with 17 out of 23 analysts revising their EPS estimates downward in the last 90 days...
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