Reported about 13 hours ago
Zacks Investment Research has highlighted Target, Best Buy, Costco, and Macy's as key players expecting earnings updates this week. Despite a softening consumer demand and inflation pressures, retail earnings are generally stable, with notable declines anticipated for Target and Best Buy. Costco, in contrast, is projected to show growth, reflecting its loyal customer base. The report indicates that while the retail earnings season shows mixed results, including some major companies beating expectations, the overall trend reflects cautious consumer spending.
Source: YAHOO