Financial Performance

Retailers Face Pressure to Offer Discounts While Battling Inflation

Retailers and their finance chiefs are facing a challenge balancing consumer expectations for discounts and the need to keep raising to offset high inflation. Major retailers including Macy’s Inc., Walmart Inc. and Target Corp. in recent months have used markdowns to clear out excess stock after miscalculating customer demand earlier in the year. General and …

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Southwest Airlines Sees Strong Demand. Business Travel May Be Coming Back.

Text size Southwest Airlines said business revenue trends have improved so far in September Photograph by Frederic J. Brown/AFP/Getty Images Southwest Airlines narrowed its third quarter revenue guidance Thursday as leisure travel demand remained strong but business revenues languished well below 2019 levels. However, there are signs that corporate travel may be picking up, with …

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Retail Stocks Got an Earnings Boost. Why There’s No Comfort in That.

Text size Many retailers are still struggling with the high inventories, with profits dragged down by pricier supply-chain and transport costs. Spencer Platt/Getty Images Investors breathed a sigh of relief as retail earnings season ended this past week. Perhaps they should still be holding their breath. from Walmart (ticker: WMT) to best buy (BBY) to …

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Will Bed Bath & Beyond’s Stock Hold Up After the Retailer’s ‘Strategic Update’?

Text size Wedbush rates the stock at Underperform with a target of $5 for the price. Getty Images A business update due Wednesday from Bed Bath & Beyond could send the meme stock still higher, or drag it back down. The home-furnishings retailer (ticker: BBBY) stock has been the talk of the town, at least …

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Beauty Retail’s Earnings Paint a Pretty Picture—Especially for Ulta

Text size Photo by Bruce Bennett/Getty Images From home goods to electronics, many inflation-weary consumers are putting off discretionary purchases to pay for essentials. Yet just like beauty, what’s essential may be in the eye of the beholder—and makeup may fit the bill. The beauty category’s resilience is so well-known that it has its own …

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Gap stock rallies after retailer swings to surprise adjusted profit

Gap Inc. stock rose more than 6% in the extended session Thursday after the retailer swung to a surprise adjusted profit and reported sales that were slightly above Wall Street expectations for the quarter. Gap GPS, +1.01% said it lost $49 million, or 13 cents a share, in the fiscal second quarter, contrasting with earnings …

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A retail investor’s guide to the Inflation Reduction Act: how to prep your portfolio

If investors thought they were getting their legs in a volatile stock market, a new tax, climate and healthcare spending bill from Capitol Hill might have them trying again to find their footing. The Inflation Reduction Act’s 1% stock buyback tax, 15% corporate minimum tax and big hopes for the green energy industry all have …

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