Kohl's and Best Buy Exceed Q1 Expectations, Boosted by Consumer Spending
Kohl's and Best Buy both reported stronger-than-expected first-quarter earnings, with Kohl's noting improved sales trends and Best Buy forecasting upbeat quarterly sales due to steady gadget demand. These results suggest a more resilient consumer than anticipated, leading to a surge in retail stock prices.
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Best Buy forecasts upbeat quarterly sales on steady gadgets demand; shares up - Reuters
Best Buy forecasts upbeat quarterly sales on steady gadgets demand; shares up Reuters
Read full article →Kohl's stock jumps as slumping retailer says sales trends are improving
Kohl's reported its best comparable sales growth in four years on Thursday even as it saw revenue decline.
Read full article →Kohl's Q1 Earnings Call Highlights
Read full article →Best Buy forecasts upbeat quarterly sales on steady gadgets demand; shares up
Read full article →Kohl's beats gloomy Q1 expectations, sees improved traffic and balance sheet
Read full article →Consumer Isn't Dead Yet: US Retail Stocks Surge As Resilient Shoppers Surprise Markets
Consumer Isn't Dead Yet: US Retail Stocks Surge As Resilient Shoppers Surprise Markets The S&P Retail Select Industry Index rose more than 1% Thursday morning as shares of Kohl's, Best Buy, and Dollar Tree surged on better-than-expected earnings results. Results suggest the U.S. consumer was stronger than feared in the prior quarter, even as households were battered by a fuel-price shock at the pump, persistent inflation, and softening confidence, which has led to them draining ...
By Tyler Durden
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