Tag: Retail Sales numbers

The U.S. retail sector conveyed mixed signals this week following a wave of incoming earnings reports and the release of consumer spending and student loan repayments data. While retail earnings largely beat Wall Street expectations, an increase in student loan repayment concerns has convinced...

P&G CEO Jon Moeller expressed a positive outlook on his company's future earnings, expecting to rake in $400 million in after-tax profits over the next 12 months as inflation seems likely to continue cooling. "The US inflation picture is moderating some," Moeller explained following the...

Beer maker Anheuser-Busch revealed on Wednesday that it will lay off some of its U.S. corporate staff. This comes after Bud Light lost its spot as America's top-selling beer in May; a position it held for over two decades. Now, the Mexican lager Modelo...

Shares in PepsiCo advanced by 3% during pre-market trading on Thursday after the food and beverages giant raised its full-year profit forecast. This came after PepsiCo's strong second-quarter earnings, largely driven by price increases and innovation in its Frito-Lay division. Net sales for the quarter...

LG Electronics announced on Wednesday that it is looking to reach 100 trillion won ($77 billion) in sales by 2030 during a statement on its company strategy going forward. The South Korean electronics manufacturer added that it is planning to raise 50 trillion won...

Fashion retailers have exhibited signs of market resilience despite rising concerns about a drop in U.S. demand. Economic uncertainty has led investors to believe that consumers in Europe, the U.S., and China may decide to spend less on clothing. H&M shares rose by 6% as...