From Nasdaq: 2024-05-17 16:57:00

Walmart reported better-than-expected quarterly results, primarily driven by digital sales growth. Target is expected to report earnings before the market opens on May 22, with analysts predicting lower revenues compared to last year. The retail sector saw strong growth in Q1 earnings, with companies like Amazon and Walmart leading the pack.

The latest Retail sector earnings show a trend of online vendors and restaurant operators struggling to beat estimates. Amazon’s Q1 earnings were up significantly, contributing to the sector’s overall growth. Walmart and Target continue to compete in the changing retail landscape, with different business models and customer bases.

The S&P 500 reported higher Q1 earnings and revenues compared to last year, with a steady beat percentage. Retailers like Walmart and Target faced challenges in the quarter, with Walmart’s digital sales driving growth while Target saw declines in certain categories. Amazon remains a strong player in the industry, with soaring earnings and revenues.

Looking ahead, Q2 earnings are expected to continue the positive trend, with revisions for estimates showing an optimistic outlook. The overall earnings picture for 2024 is expected to see solid growth, driven by sectors like Technology and Energy. Retailers like Walmart and Target will continue to adapt to changing consumer preferences and market conditions.



Read more at Nasdaq:: Retail Earnings: A Closer Look