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Walmart reports rare sales miss as consumers cut spending, shares fall

Walmart reports rare sales miss as consumers cut spending, shares fall

By Juveria Tabassum and Nicholas P. Brown Aug 20 (Reuters) - Walmart missed quarterly comparable sales expectations for the first time in at least five years on Thursday as shoppers pulled back on spending in the face of rising gas prices, sending its shares down 6% in premarket trading.

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

By Juveria Tabassum and Nicholas P. Brown Aug 20 (Reuters) - Walmart missed Wall Street expectations for quarterly comparable sales on Thursday as shoppers pulled back on spending in the face of rising gas prices, sending its shares down 6% in premarket trading.

Walmart reports rare comparable sales miss as consumers pare back spending

Walmart reports rare comparable sales miss as consumers pare back spending

By Juveria Tabassum and Nicholas P. Brown Aug 20 (Reuters) - Walmart missed Wall Street expectations for quarterly comparable sales as shoppers pulled back on spending in the face of rising gas prices.

Wall St slips on rising bond yields; Walmart results weigh

Wall St slips on rising bond yields; Walmart results weigh

By Avinash P and Purvi Agarwal Aug 20 (Reuters) - The main U.S. stock indexes fell on Thursday as rebounding government bond yields hurt sentiment, while retail bellwether Walmart saw sharp declines after a quarterly sales miss.

Wall St set for higher open after retail earnings; Moderna soars

Wall St set for higher open after retail earnings; Moderna soars

By Avinash P and Purvi Agarwal Aug 19 (Reuters) - The main U.S. stock indexes were on track to open higher on Wednesday after a tech-led selloff in the previous session as investors assessed fresh retailer results, while Moderna's shares skyrocketed following successful vaccine trial results.

Walmart strong again in second quarter, but its outlook is reserved

Walmart strong again in second quarter, but its outlook is reserved

Walmart reported another strong performance in the second quarter Thursday, but that was overshadowed by a more cautious outlook for the year

Analysis-Target's grocery bet is paying off. Now it must get shoppers beyond the snack aisle

Analysis-Target's grocery bet is paying off. Now it must get shoppers beyond the snack aisle

Wall St set for lower open as bond yields climb; Walmart falls

Wall St set for lower open as bond yields climb; Walmart falls

By Avinash P and Purvi Agarwal Aug 20 (Reuters) - The main U.S. indexes were on track to open lower on Thursday as a rebound in government bond yields hurt sentiment, while retail bellwether Walmart's rare sales miss disappointed investors.

Target lifts annual forecasts again as Fiddelke's turnaround takes root (August 19)

Target lifts annual forecasts again as Fiddelke's turnaround takes root (August 19)

(Corrects spelling of Fiddelke in paragraph 7) By Juveria Tabassum and Nicholas P.

US stock futures steady after tech slump; investors focus on Middle East tensions

US stock futures steady after tech slump; investors focus on Middle East tensions

Aug 19 (Reuters) - U.S. stock index futures were stable on Wednesday following a technology-driven selloff that rocked Wall Street in the prior session as investors turned their attention to the inflation outlook and geopolitical tensions in the Middle East. U.S.

As retail stagnates, ad dollars help Walmart stay the course

As retail stagnates, ad dollars help Walmart stay the course

By Nicholas P. Brown and Juveria Tabassum Aug 18 (Reuters) - As Walmart's same-store sales growth has leveled off and a cautious annual outlook dented its stock, investors are increasingly looking to the retailer's advertising business to support profits.

Home Depot rides steady repair demand as housing market remains subdued

Home Depot rides steady repair demand as housing market remains subdued

By Angela Christy M Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as strong demand from customers for repair and maintenance helped offset sluggish spending on big-ticket projects such as kitchen renovations.