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Retail Sales in the U.S. See Weaker Increase Than Expected

The report on retail sales in the U.S. for May Commerce Department has shown a weaker increase compared to expectations. The sales rose just 0.1%, while Dow Jones expected to see a 0.2% increase, and economists polled by FactSet estimated a 0.3% increase. Retail sales...

Retail Sales Beat Forecasts Amid Consumer Resilience

U.S. retail sales grew in September, beating forecasts as consumer spending remains resilient in the face of a slowdown. Retail sales increased by 0.7% compared to August, thereby outpacing estimates of a 0.1% rise compiled by Bloomberg. August sales were revised upwards to 0.8%...

Mixed Signals Delivered From Retail Sector Following Earnings Week

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 Expects Cooling Inflation to Push Profits Further Following Strong Q2 Results

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...

Bud Light Maker to Layoff Workers After Beer Loses Market Top Spot

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...

PepsiCo Boosts Profit Forecast Amid Rising Q2 Sales

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...