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☆ How corporate PAC money could end up in the personal coffers of Sens. JD Vance and Markwayne Mullin
▼ + stars: | 2024-03-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

At the same time, they've been taking tens of thousands of dollars in corporate PAC money — some of which may be ending up directly in the senators' bank accounts. This story is available exclusively to Business Insider subscribers. Between the 2022 election and the end of 2023, Vance has used $78,000 in corporate PAC contributions to repay campaign debts, while Mullin has done the same with $45,000 in corporate cash. Mullin did the same with 19 corporate PACs, including ConocoPhillips, ExxonMobile, and GlaxoSmithKline. He also promised not to take corporate PAC money during the GOP primary, only to reserve that pledge during the general election against Democratic Rep. Tim Ryan, who did accept corporate PAC money.

Persons: —, JD Vance, Markwayne Mullin, they've, Vance, Mullin, Sen, Ted Cruz, Elena Kagan, Cruz, Jordan Libowitz, Republican Sen, Ron Johnson of, Ron Johnson, Shawn Thew, who's, Tim Ryan, didn't, Vance's, Saurav Ghosh, Ghosh Organizations: Service, Sens, Indiana, Business, Texas Republican, Finance, FEC, Citizen, Washington, Capitol, Republican, Getty, Pro, Comcast, Intel, General Motors, Walmart —, ConocoPhillips, GlaxoSmithKline, GOP, Democratic Rep Locations: Ohio, Texas, Ron Johnson of Wisconsin, AFP, Oklahoma, The Ohio, ExxonMobile

☆ Some Walmart stores are limiting self-checkout lanes just for Spark drivers and Walmart+ customers
▼ + stars: | 2024-03-04 | by ( Dominick Reuter | Alex Bitter | ) www.businessinsider.com time to read: +3 min

Read previewYou might need an app on your phone to use self-checkout during your next trip to Walmart — the lanes might be one reserved for the retailer's Spark delivery drivers or Walmart+ subscribers. Drivers with the company's Spark delivery platform told Business Insider they've seen the limited kiosks at their stores, and photos showing cordoned-off lanes have been cropping up on social media over the past few weeks. At these stores, shoppers need to use the full-service lanes unless they're buying for themselves using the Walmart app's scan-and-go feature or for someone else using the Spark app. A Spark driver in California told BI that designated lanes for Spark drivers showed up at a store there at the end of February. Requiring shoppers to log in to an account before using self-checkout could help stem some of those losses.

Persons: —, they've, Joe Pennington, Pennington, they're, abitter@businessinsider.com Organizations: Service, Walmart, Business Locations: California

☆ Stocks making the biggest moves midday: Nvidia, Walmart, Discover Financial and more
▼ + stars: | 2024-02-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Semiconductor stocks — Popular semiconductor stocks declined during midday trading, with Nvidia dropping more than 6% ahead of its Wednesday print. Walmart — Shares climbed more than 3% and notched a new all-time high on Tuesday following the retailer's earnings report . Discover Financial — Shares of the credit card issuer soared 14% after it agreed to be acquired by Capital One Financial in a $35.3 billion all-stock deal. The Wall Street firm said investors should take some profits after the stock rallied more than 25% over the past year. Medtronic — Shares advanced 2.5% after the medical device company surpassed Wall Street estimates for both top and bottom lines in its fiscal third quarter.

Persons: Rosenblatt, Vizio, Bernstein, Medtronic, Piper Sandler, Yun Li, Alex Harring, Jesse Pound, Tanaya, Hakyung Kim, Brian Evans Organizations: Semiconductor, Nvidia, Computer, Micro Devices, Marvell Technology, Walmart, Discover, Capital, Caterpillar —, Depot, Barclays — U.S, Barclays, Alaska Air, Southwest Airlines, Deutsche Bank, Wall, FactSet, Foods, Arm Holdings Locations: U.S, British

☆ Stocks making the biggest moves premarket: Home Depot, Walmart, Intel, Arm Holdings and more
▼ + stars: | 2024-02-20 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Rosenblatt's price target is now the highest forecast for the stock on Wall Street. Caterpillar — Shares pulled back 2% following a downgrade to in line from Evercore ISI, which noted concern over a longer-than-expected outlook for earnings growth. Analyst Brian Mullan hiked his price target on US Foods to $59 from $45, or roughly 19% upside from Friday's closing price of $49.58. Capital One stock pulled back more than 4%. Arm Holdings — Stock in the chipmaker slid about 4% as investors pulled back bets on the stock after its massive rally .

Persons: Rosenblatt, FactSet, Piper Sandler, Brian Mullan, Biden, — CNBC's Pia Singh, Sarah Min, Michelle Fox, Jesse Pound Organizations: Walmart, LSEG, Revenue, Caterpillar —, ISI, Foods, Intel —, Bloomberg, Discover Financial, Capital, Arm

Uber Eats says its flower orders peak on Valentine’s Day between 10 a.m. and 5 p.m. Uber Eats says it also appears to be a resource for forgetful lovers: Its flower orders are 60% higher than average on the day after Valentine’s Day. But I love making people happy.”Bryant sympathizes with the people who call in orders on Valentine’s Day. She spent a lot of time trying to figure out how many flowers to order for her shop this Valentine's Day. In 2023, 30% of OpenTable reservations for Valentine’s Day were made the day before and 18% were made on the day of. The venue gets requests all the way through Valentine’s Day, says Katie Higgins, Meadow Brook’s marketing and communications manager.

Persons: ”, Amanda Schoenbauer, they’re, Candy, décor, Target, Uber, Procrastinators, Linda Bryant, “ Valentine’s, “, ” Bryant sympathizes, it’s, Katie Higgins, Meadow, Joseph Ferrari, Ferrari, Don’t, Anne D'Innocenzio Organizations: Walmart, National Retail Federation, Walgreens, Valentine’s, DePaul University in, AP Locations: Panama , Nebraska, Rochester , Michigan, DePaul University in Chicago, New York

☆ Here are Jim Cramer's rapid-fire takeaways on 6 stocks in the news Wednesday
▼ + stars: | 2024-01-31 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Jim said, "I don't know if [CEO] Carol Tome can keep the job." The fact is, he added, e-commerce is very strong and "she's not participating in it." Walmart — Founder Sam Walton liked the idea that people shouldn't have to own fractional shares, Jim said, praising the retailer's 3-for-1 stock split . "Very smart move by Walmart" to entice the individual investor with a smaller share price, Jim added. General Motors — Shares on Wednesday added to their 7.8% gain in the prior session on a strong quarter and 2024 guidance.

Persons: Jim, Carol Tome, Sam Walton, Mary Barra, Dave Calhoun didn't, Calhoun, Ozempic, Eli Lilly, Lilly, Tesla, Elon Organizations: Parcel Service, Walmart, General Motors, GM, CNBC, Club, Ford Motor, Boeing, Novo Nordisk — Locations: Delaware

After much preparation, the 12-year-old's small scene turned into a big problem among school officials in Wheatland, Wyoming. Located on the eastern Wyoming plains, Wheatland is a small farming and ranching community with about 3,500 residents. There are few restaurants, no department stores — not even a local Walmart — and few performance venues besides Wheatland High School. "Unless you’re super closed-minded, I don’t see why you would do that.”Drama coach Stephanie Bradley, who also attended the high school, challenged the decision. “Most people in this part of Wyoming don’t come out early," Bradley said of LGBTQ+ teens on the state's rural plains.

Persons: — Oliver Baez, ” Baez, Matthew Shepard, ”, Cassie Baez, Oliver, Lu Lay, John Weigel, hadn't, belittling, Baez, ” Weigel, Robert Daniel, ” Daniel, Erica Biggs, ” Biggs, Sara Burlingame, “, ” Burlingame, Melissa Rukavina, Stephanie Bradley, Bradley Organizations: University of Wyoming, Walmart, Wheatland High School, Platte County Players, Wyoming Equality, Hate, Gay and Lesbian Fund of Colorado, Prevention Locations: WHEATLAND, Wyo, Wheatland , Wyoming, Wheatland, Wyoming, . Wyoming, South Carolina, Platte, Cheyenne

☆ Why Netflix, Disney, and other Hollywood companies are flocking to CES this year
▼ + stars: | 2024-01-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Advertising and marketing pros made up 7% of CES' attendees in 2023, per CES. Look for topics like the creator economy and the rise of artificial intelligence to dominate the conversation for advertisers, Kassan added. And Roku, which is closing in on its search for a new ad sales head, is sending a large contingent. The cost advertisers pay for streaming ads is expected to decline as platforms release more inventory, particularly with Amazon unleashing ads on Prime Video. Advertisers also have more options with the fast-growing FASTs (free, ad-supported streaming TV channels), which primarily offer older TV shows and movies.

Persons: David Benioff, Weiss, Alexander Woo, Amy Reinhard, execs, It's, who'll, Patrick Pannett, Michael Kassan, Evan Spiegel, Kassan, — that's, Rita Ferro, NBCUniversal's Mark Marshall, NBCU's Peacock, NBCUniversal, Peacock, NBCU, Tanner Elton, Amy McDevitt, Ludacris, Jon Steinlauf, GroupM Organizations: Netflix, CES, Business, Consumer Technology Association, Madison Avenue, Walmart, Disney, Nexstar Media Group, Nvidia, Paramount, CTA, Tech, NBC, Bravo, Amazon Ads, Warner Bros, Magna, CTV, Hulu, Intelligence, Prime Video Locations: Las Vegas, Peacock

☆ Stocks making the biggest moves midday: Sonos, Cisco Systems, Alibaba, Walmart and more
▼ + stars: | 2023-11-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Cisco Systems — Shares dropped 11.3% after the company's earnings guidance for the current quarter came out below analyst estimates, driven by a slowdown in new product orders. Children's Place — Shares of Children's Place plunged 25.8% after retailer quarterly adjusted earnings of $3.22, trailing the FactSet consensus estimate of $3.49. Walmart — Shares dropped more than 7% after the big box retailer gave disappointing guidance . Walmart said it expects adjusted earnings per share of $6.40 to $6.48 for the year, slightly lower than analysts were anticipating. Advance Auto Parts — The auto parts retailer tumbled 4% after Bank of America downgraded the stock to underperform from neutral.

Persons: Patrick Spence, Macy's, Alibaba, Williams, Children's, Piper Sandler, John David Rainey, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Pia Singh Organizations: General Motors — General Motors, United Auto Workers, Sonoma, Cisco Systems —, Cisco, Alto Networks, Palo Alto Networks, billings, Walmart, CNBC, Bank of America, Citi Locations: U.S, Sonoma

☆ Walmart wants to lower your grocery bill
▼ + stars: | 2023-11-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The company said it hopes falling food prices will free up shoppers' wallets to buy other merchandise. AdvertisementJust as inflation refers to rising prices, "deflation" refers to prices falling — and even though it may help consumers, it presents a surprisingly tricky challenge for businesses and policymakers. In contrast to periods of rising inflation in which corporate profit margins typically grow, deflation tends to squeeze companies in a few ways. AdvertisementThe upside of falling food prices for Walmart — more than say Kroger or Albertsons — is that Walmart sells a whole lot more than groceries. "If the food prices come down," McMillon said, "that'll free up dollars to be spent in general merchandise."

Persons: —, Doug McMillon, it's, McMillon, John Furner Organizations: Walmart, Service, Rabo Research, Albertsons

☆ Stocks making the biggest moves premarket: Walmart, Cisco, Palo Alto Networks and more
▼ + stars: | 2023-11-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Cisco Systems — Shares tumbled nearly 11% during premarket trading on the back of the company's earnings guidance for the current quarter, which fell below analyst estimates. Palo Alto Networks — Shares slid more than 6% after Palo Alto Networks issued a weaker-than-expected billings forecast for the current quarter and full year. Tencent Music Entertainment — Shares climbed slipped 1.4% in premarket trading following quarterly earnings that missed the mark. StoneCo — The fintech company added 1.2% during premarket trading after Bank of America upgraded shares to buy from neutral.

Persons: StoneCo, Mario Pierry, — CNBC's Michelle Fox, Brian Evans, Sarah Min Organizations: Walmart, LSEG, Revenue, Cisco Systems, Cisco, Palo Alto, Palo Alto Networks, billings, Citi, Tencent, JPMorgan, Goodyear Tire, Deutsche, Goodyear, Bank of America

☆ Amazon's focus on speed, surveillance drives higher warehouse worker injuries, study finds
▼ + stars: | 2023-10-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

An employee looks for items in one of the corridors at an Amazon warehouse. Amazon warehouse workers are suffering physical injuries and mental stress on the job as a result of the company's extreme focus on speed and pervasive surveillance, according to a new study. The data adds to a drumbeat of scrutiny around Amazon's workplace safety and treatment of warehouse employees. The researchers estimate Amazon is the largest warehouse employer in the country, accounting for an estimated 29% of workers in the industry. In June, a Senate committee led by Sen. Bernie Sanders, I-Vt., also launched a probe into Amazon's warehouse safety.

Persons: they've, they're, Sen, Bernie Sanders Organizations: University of Illinois Chicago's Center, Urban Economic, Amazon, Regulators, Walmart, Occupational Safety, Health Administration, U.S, Attorney's, U.S . Department of Justice Locations: U.S

☆ Needham says don't chase Instacart, it's in for a tough next few years
▼ + stars: | 2023-09-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

It may be too early for investors to start checking out shares of Instacart , according to Needham. Analyst Bernie McTernan initiated coverage of the grocery delivery company with a hold rating, citing concerns over rising competition and slowing penetration in a Tuesday note to clients. The commentary from Needham follows Instacart's closely watched Nasdaq debut . CART 1D mountain Share performance since IPO Instacart triumphed during Covid-19 pandemic shutdowns, which pushed more consumers toward online grocery delivery. The trend boosted the company's compound annual growth rate nearly 130% between 2019 and 2022, with Instacart expected to post more than $1 billion in adjusted EBITDA in 2023, according to Needham.

Persons: Needham, Bernie McTernan, Instacart's, Instacart, McTernan, — CNBC's Michael Bloom Organizations: Nasdaq, Walmart Locations: Instacart, Needham, Amazon

☆ Kroger Agrees to Pay $1.2 Billion to Settle Opioid Claims
▼ + stars: | 2023-09-08 | by ( Rebecca Robbins | More About Rebecca Robbins | ) www.nytimes.com time to read: +2 min

Background: Pharmacy chains have been settling opioid claims. Three large pharmacy chains that compete with Kroger — Walgreens, CVS Health and Walmart — reached similar settlements last year totaling about $13 billion. The claims against Kroger and its competitors have focused on the role of their pharmacies in flooding communities with legal painkillers. Why It Matters: Opioid settlement money is funding recovery efforts. Kroger said on Friday that the opioid settlement agreement would not impede the merger.

Persons: Kroger, Walmart —, overprescribing, Josh Stein, ”, Harris, Jan Hoffman Organizations: Kroger, Walgreens, CVS Health, Walmart, Rite, Albertsons Locations: Washington State, West Virginia, North Carolina

☆ Stocks making the biggest premarket moves: Walmart, Adobe, Cisco, Hawaiian Electric and more
▼ + stars: | 2023-08-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading:Walmart — Shares added as much as 1% after the big-box retailer raised its full-year forecast and reported an earnings and revenue beat. Adobe — The software company added about 2% after Bank of America upgraded shares to buy from neutral. Hawaiian Electric — The utility company that oversees Maui Electric sank nearly 18% in premarket trading, continuing its slide over concerns of its potential liability in Maui's wildfires. On Wednesday, the Wall Street Journal reported Hawaiian Electric is in talks with firms that specialize in restructuring. VinFast Auto — Shares of the electric vehicle start-up fell nearly 5% in premarket trading as VinFast's stock searches for its level after debuting earlier this week.

Persons: Adobe, Cuban's, Wolfspeed, —, Alex Harring, Jesse Pound, Michael Bloom Organizations: Walmart, Refinitv . Revenue, Cisco Systems, postmarket, Refinitiv, Revenue, Adobe, Bank of America, Maui Electric, Wall Street Journal, CVS, California, Drug Company, Amazon Pharmacy, BAE Systems Locations: Williston , Vermont, California

☆ Walmart vs Target: When it comes to groceries it's not really a competition
▼ + stars: | 2023-08-17 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Walmart posted surprisingly strong sales growth in the last quarter, while Target reported a decline. As shoppers increasingly prioritize essentials, one in four US grocery dollars are spent at Walmart. When Walmart's grocery sales are combined with those of its subsidiary warehouse club Sam's Club, the total approaches a third of total US grocery spending. Target meanwhile accounts for 3% of grocery dollars, or about a tenth of Walmart Inc., per Numerator. Target sells those things too, of course, but if shoppers are already heading to Walmart for groceries, they may not want to make a second stop.

Persons: headwind, Walmart's, John David Rainey, Rainey, Target's, Sara Batchelder, Neil Saunders Organizations: Walmart, Target, Service, Costco, Walmart —, Kroger, Albertsons, Sam's Club, Walmart Inc, Target's Locations: Wall, Silicon

☆ Stocks making the biggest moves midday: Walmart, CVS Health, Wolfspeed and more
▼ + stars: | 2023-08-17 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Cisco Systems — Shares of the computer networking giant added 4% after reporting earnings postmarket Wednesday that beat Wall Street's expectations. Adjusted earnings per share for its fiscal fourth quarter came in at $1.14, topping the $1.06 expected from analysts polled by Refinitiv. Revenue was $15.2 billion, compared with the $15.05 billion expected. The company reported adjusted earnings of $1.84 a share, ahead of the $1.71 expected by analysts polled by Refinitiv. Wolfspeed — Shares of the semiconductor developer dropped 16% following the company's earnings report after the bell Wednesday.

Persons: Mark Cuban's, Rosenblatt, Ball, Adyen, Wolfspeed, América, MSCI rebalance, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin, Michelle Fox Theobald Organizations: Cisco Systems —, Refinitiv, Revenue, Walmart, Refinitiv . Revenue, Street Journal, CVS, Blue, California, CVS Caremark, Amazon Pharmacy, FactSet . Investment, BAE Systems, Nasdaq, VinFast, Citi

☆ Want to start a side hustle selling on Amazon? An e-commerce expert shares his top advice for beginners, including how to select a product and where to spend your first $1,000.
▼ + stars: | 2023-07-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

If you're looking to make extra money on the side, selling products on sites like Amazon is one way to go. "We are essentially the plumbing for e-commerce brands that help get their product manufactured in Asia and keep their businesses running," he told Insider. Insider spoke to Walter about what successful e-commerce companies are doing right — and how anyone can launch one and start making money selling online. Once you actually start profiting from your first product — in this example, the bluetooth headphones — then you can start getting more creative, he noted. "If you're thinking about starting a brand, don't even consider starting a brand that you're going to be fulfilling yourself.

Persons: Tyler Walter, It's, Walter, They've, You've, you've, NurPhoto Organizations: Nike, Adidas, Walmart Locations: Asia, China, Vietnam, Thailand, Malaysia, Taipei, Taiwan, Orlando

☆ Stocks making the biggest moves before the bell: General Motors, 3M, Spotify, Verizon and more
▼ + stars: | 2023-07-25 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

General Motors — Shares of General Motors rose more than 1% after the automaker raised its full-year guidance and reported second-quarter results that rose on a year-over-year basis. 3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. The company also raised its full-year earnings guidance and reaffirmed its revenue guidance. The airline's full-year earnings guidance of $5.50 to $7.50 per share was roughly in-line with the average analyst estimates of $6.65, according to FactSet. Verizon — The telecommunications giant traded 2.6% higher after reaffirming its full-year guidance.

Persons: Danaher, FactSet, Lilium, Refinitiv, Piper Sandler, Edward Yruma, —, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Tanaya Macheel Organizations: General Motors, Xerox, FactSet, General, GE, Spotify, European Union Aviation Safety Agency, Alaska Air, Raytheon, Refinitiv, Verizon, Walmart Locations: Alaska

☆ Costco is more like Netflix than Walmart — and it's key to how the company stays profitable
▼ + stars: | 2023-06-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Although it's the third-largest retailer in the world, most of its profit comes from membership fees. The recent news shows how wholesale clubs like Costco have more in common with Netflix than Walmart. Although Costco is the third-largest retailer in the world, its reliance on membership fees means it's in some ways more like Netflix than Walmart. Other operating costs, like payroll and utilities, mean the company retained less than $3.5 billion from its top-line sales last year. High costs have led Costco, Netflix to crack downFor years now, both Costco and Netflix have been content to look the other way as paying members shared passwords and ID cards in violation of their respective policies.

Persons: — Organizations: Costco, Netflix, Walmart, Service, Sam's

☆ See the 12 major retailers most likely to take a hit when people start repaying their student loans
▼ + stars: | 2023-06-27 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

The investment banking firm found that more than a third of student debt holders' discretionary dollars go to the three retail giants. "The impending resumption of student loan payments could be a headwind to consumer spending ahead," the note said. Consumers with student debt spend around 18.58% of their discretionary spending at Amazon alone, according to consumer data company Numerator. Interest on student loan debt will start to accrue again in September, after a long pause that started at early in the pandemic. Meanwhile, the US Supreme Court is expected to rule this week on President Joe Biden's plan to cancel up to $20,000 in student debt.

Persons: —, Jefferies, Ross, Joe Biden's Organizations: Jefferies, Walmart, Target, Service, Amazon, Costco, UBS

☆ Citi downgrades Target, says concerning sales trends make stock not worth buying
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should stay away from Target amid concerns that sales may have peaked, Citi warned. Analyst Paul Lejuez downgraded the retail giant to neutral from buy and cut his price target to $130 from $177. Lejuez's new target implies the stock will fall nearly 1% in the next year from where shares finished Thursday. "Despite the recent stock pressure, we cannot recommend investors buy the stock," he said in a note Friday, adding that "risk is more to the downside near term." "It is the primary reason TGT has been our lowest ranked Buy-rated stock for some time, but we are concerned now more than ever, and we can no longer recommend that investors Buy TGT."

Persons: Paul Lejuez, Lejuez, it's, —, TGT, Michael Bloom Organizations: Citi, Walmart

☆ Facebook is this creator's primary platform. Here's how she makes money with 285,000 followers, and what she earns.
▼ + stars: | 2023-06-01 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Brown, now 26, is a content creator on the platform with 285,000 Facebook followers. Unlike many creators who have taken to TikTok, Instagram, or YouTube to build a career, Brown's audience is primarily on Facebook. Brown started making money as a creator through Facebook's Reels Play Bonus program in July, which paid creators a monthly sum for accumulating views on their reels. But come March, Facebook paused its bonus payouts to focus on its ad-revenue-share program Ads on Reels. Reels Play Bonus: Though Meta ended its Reels Bonus Program, Brown earned about $1,200 each month from Facebook through this while it lasted.

Persons: Shaniece Brown, Brown, she's, Meta, she'll Organizations: Facebook, Brown, Walmart, Burlington Coat Factory, Target Locations: Burlington, strategize

☆ Five takeaways about the consumer from Walmart, other retailers after a big week of earnings
▼ + stars: | 2023-05-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

So far, at least five retailers – Target, Walmart, Tapestry , Bath and Body Works and Foot Locker – have spoken about sales trends across the country getting worse. The retailer's comparable sales in the U.S. declined 4.6% in the quarter versus the year-ago period. Target, Home Depot and Walmart all saw a noticeable pattern: Fewer pricey and fun items in shopping carts. At Home Depot, customers bought fewer big-ticket items like appliances and grills in the fiscal first-quarter. Customers at Walmart have become more selective when shopping for electronics, TVs, home items and apparel, Rainey told CNBC.

Walmart — Shares of the big box retailer rose slightly after the company reported an earnings and revenue beat for the fiscal first quarter. However, its adjusted earnings guidance for the fiscal second quarter came in lower than expectations. Bath & Body Works — The retailer's shares jumped more than 9% after its fiscal first quarter earnings topped expectations. Take-Two Interactive — Shares surged almost 13% and hit a new 52-week high following the company's earnings announcement Wednesday. To be sure, the company's guidance for bookings in the first-quarter and full-year fell below Wall Street's expectations.

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