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Best Buy Q1 comp sales down 0.7% Press release …Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics at CNBC. “… shoppers bought fewer home theaters, appliances and drones than a year ago. The company said weakness in those categories was partially offset by growth in the computing, […]
Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad at Reuters/Yahoo. “Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its domestic platform suffered from intense local competition and its international business was hit by global trade uncertainty.” Read more […]
Home Depot Q1 comps down 0.3% “…sales of $39.9 billion for the first quarter of fiscal 2025, an increase of 9.4%” Press release …Home Depot CFO says retailer doesn’t plan to raise prices due to tariffs at CNBC. “Sales patterns improved as the quarter went on, McPhail said. Comparable sales declined 3.3% year […]
Walmart Q1: US comp +4.5% / Sam’s Club (ex fuel) +6.7% / Walmart Int’l net sales +7.8% “Walmart US ecommerce growth +21% – Walmart US achieved eCommerce profitability in Q1 for the first time, marking a milestone for the company.” Press release …Walmart CFO says price hikes from tariffs could start later this […]
April: Consumer prices rose 0.2% last month, bringing the annual inflation rate to 2.3%, an unexpectedly cooler reading than the 2.4% increase seen in March at CNN US slashes ‘de minimis’ tariff on small China parcels to 54% at Reuters/Yahoo. “…the levies will be reduced to 54% from 120% for items valued at […]
Costco April comp sales (ex. fuel & f/x) +6.7%: US +7.1% / Canada +5% / Other Int’l +6.5% / Ecom +13% “April had one less shopping day versus last year, due to the calendar shift of Easter. This negatively impacted total and comparable sales by approximately one and one-half to two percent.” Press release […]
Trump trade tariffs take U.S. imports, exports to near Covid-level event at CNBC. “We haven’t seen anything like this since the disruptions of summer 2020,” said Kyle Henderson, CEO of Vizion. “That means goods expected to arrive in the next six to eight weeks simply won’t.” Read more Brides Settle for Costco Flowers […]
CVS tops estimates, hikes guidance at CNBC. “Shares of CVS were up 7% in premarket trading Thursday. The company now expects full-year adjusted earnings of $6 to $6.20 per share, up from a previous guidance of $5.75 to $6 per share.” Read more Wayfair Q1 total revenue close to flat / US revenue […]