Tag: US Retail

Target shares rose by 8.5% in premarket trading on Tuesday after the retail giant released its earnings report for 2023. The company's net sales were $31.9 billion, thereby exceeding analysts' estimates of $31.38 billion. Gross profit came in at 25.6%, eclipsing the 22.7% in...

Sony reported its third-quarter earnings on Thursday, with its operating profit falling 29% to 263 billion yen ($1.74 billion). This missed estimates of a 306 billion yen profit from 10 analysts polled by LSEG. This slump appeared to mostly stem from a 38% decline in...

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%...

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...

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...