Tag: Retail – Consumer Staples

Shares in Japan’s Seven & i , the owner of 7-Eleven, closed nearly 11% lower on Tuesday as investors weighed up regulatory hurdles to a takeover bid from Canada’s Alimentation Couche-Tard to create a convenience store giant with almost a fifth of the U.S. market.

Walmart raised its forecast for the year on Thursday, as quarterly revenue grew nearly 5%, the company’s stores and website drew more visits and sales outside the grocery department improved. 

Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth.

CVS Health on Wednesday reported second-quarter earnings that topped expectations, but slashed its full-year profit outlook, citing higher medical costs that have been squeezing the U.S. insurance industry

Walmart has plans to potentially spend $200 million on self-driving forklifts as part of broader efforts to automate more warehouse operations, according to three people familiar with the matter.

U.S. grains merchant Bunge and Glencore-backed Viterra have offered concessions aimed at winning EU antitrust approval for their $34 billion merger, the European Commission website showed on Friday.

Seven & i Holdings reported a drop in first-quarter net profit as its overseas convenience-store business deteriorated sharply, partly due to higher costs of products and labor in the U.S.

Membership fees for individuals to rise by $5 for U.S. shoppers starting in September

Kroger Co.’s stock rose 2.5% early Thursday, after the grocery chain posted better-than-expected fiscal first-quarter earnings and backed its guidance.

Costco Wholesale’s revenue came in short of expectations in its latest quarter, sending the stock lower in after-hours trading Thursday.

Marks & Spencer (M&S) smashed forecasts with a 58% rise in annual profit on Wednesday and announced its first yearly dividend since 2019, suggesting the British retailer may finally have found a recipe for revival after two decades of trying

Target on Wednesday posted a year-over-year sales decline and missed Wall Street’s earnings estimates, as consumers fatigued from high prices bought both fewer discretionary items and groceries. 

Target Corp. announced lower prices on about 5,000 frequently shopped items on Monday, with plans to cut the the price of thousand more items over the course of the summer.

Walmart on Thursday topped quarterly earnings and revenue expectations, as the discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers.

Costco Wholesale’s sales jumped nearly 10% in March compared with a year ago, giving the stock a modest lift in Wednesday’s after-hour trading session.

Walgreens reported fiscal second-quarter sales that beat Wall Street’s expectations.

Costco Wholesale topped earnings expectations, but the stock fell in after-hour trading Thursday following the company’s rare revenue miss.

HelloFresh shares plunged 42% on Friday morning after the company said it expected lower earnings in 2024.

Target forecast another year of lackluster sales as it reported better-than-expected holiday-quarter results.

Walmart said Tuesday that quarterly revenue rose 6%, as shoppers turned to the big-box retailer throughout the holiday season and the company’s global e-commerce sales grew by double digits.