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July 1, 2022

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Walgreens keeps forecast as waning COVID vaccine demand weighs

Reuters
June 30 (Reuters) – Walgreens Boots Alliance Inc (WBA.O)on Thursday maintained its full-year earnings forecast due to declining COVID vaccinations, even as the drugstore retailer beat quarterly estimates on the back of strength in its UK-based Boots business. Shares of the second-biggest U.S. drugstore retailer by store count fell 4%......

S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

Tesco says Britons buying less and trading down to navigate inflation

Reuters
General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register Says market environment is “incredibly challenging” Customers are increasing shopping trips, buying less Customers also buying cheaper products Reiterates full-year outlook LONDON,......

Costco margins hit by rising freight and labor costs, shares slip

Reuters
A Costco Wholesale retail club is photographed in Austin, Texas, U.S. on December 12, 2016. Picture taken December 12, 2016. REUTERS/Mohammad Khursheed Register now for FREE unlimited access to Reuters.com Register May 26 (Reuters) – Costco Wholesale Corp (COST.O) reported a fall in gross margins on Thursday, hit by soaring......

Best Buy earnings expected to fan inflation gloom gripping America’s retailers

Reuters
A person enters a Best Buy store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Expectations are running low for electronics retailer Best Buy Co Inc’s (BBY.N) quarterly earnings on Tuesday after results from......

UK’s Kingfisher boosted by ‘grow your own’ plant sales

Reuters
General view of a B&Q DIY store, as the spread of the coronavirus disease (COVID-19) continues, in Chiswick, London, Britain, April 23, 2020. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register LONDON, May 23 (Reuters) – British home improvement retailer Kingfisher (KGF.L) reported first quarter sales significantly......

T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Reuters
A T.J. Maxx store which is owned by TJX Cos Inc in Pasadena, California U.S., May 15, 2017. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting......

Wall Street mixed following Fed’s interest hike

Reuters
Half-percentage-point hike marking the biggest since 2000 Dow up 0.38%, S&P 500 up 0.20%, Nasdaq down 0.30% May 4 (Reuters) – Wall Street stocks fluctuated around unchanged on Wednesday after the Federal Reserve annouced its widely expected interest-rate hike, the biggest rate increase since 2000. Stocks initially rose then weakened.......

Campari sales jump as bars stock up spirits before prices rise

Reuters
Campari bottles are seen in a bar in Milan, Italy, September 4, 2018. REUTERS/Stefano Rellandini Register now for FREE unlimited access to Reuters.com Register Campari like-for-like sales up 29% in Q1 Activity in Russia scaled down to a minimum CEO sees Aperol sales growing 20% for many years MILAN, May......

Forvia drives cautiously into 2022 as China, Ukraine cloud auto outlook

Reuters
Cautious 2022 guidance for combined group Faurecia suspends dividend Demand hit by Chinese lockdowns, Ukraine Shares down slightly after early boost April 26 (Reuters) – Forvia, the European car parts maker created by Faurecia’s (EPED.PA) takeover of German rival Hella (HLE.DE), is cautious about the outlook for 2022, based on......

Investors cheer Danone’s strong start to 2022, M&A talk

Reuters
Q1 sales 6.236 bln euros, up 7.1% l-f-l vs estimate 5.5% Keeps 2022 sales growth, profitability goals Shares up 8%, extending gains on M&A talk PARIS, April 20 (Reuters) – Shares in Danone (DANO.PA) rose over 8% on Wednesday, lifted by a media report of merger interest from French dairy......

L’Oreal flags firm demand for high end beauty products as first-quarter sales rise 13.5%

Reuters
A woman walks by the logo of French cosmetics group L’Oreal in the western Paris suburb of Levallois-Perret, France, February 7, 2020. REUTERS/Gonzalo Fuentes/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, April 19 (Reuters) – Cosmetics group L’Oreal (OREP.PA) beat expections for first-quarter sales growth on......

Tesco warns of lower profits as UK inflation squeeze tightens

Reuters
General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register Profit hits 2021-22 guidance, but now forecast to fall Uncertainty forces Tesco to give wider forecast range Says in ‘great shape’ to......

Growth stocks drag Wall St lower on inflation worries

Reuters
Kroger surges on strong earnings outlook American Eagle tumbles on poor forecast Indexes down: Dow 0.1%, S&P 0.3%, Nasdaq 1.0% March 3 (Reuters) – Megacap growth stocks dragged the Nasdaq and S&P 500 lower on Thursday as investors worried that soaring commodity prices due to the Ukraine crisis will add......

Dollar Tree sees dull 2022 sales as Americans spend cautiously

Reuters
Discount store misses market expectations for holiday quarter Completes conversion of selling at $1.25 two months ahead of schedule Consumer purse-tightening seen affecting 2022 sales March 2 (Reuters) – Dollar Tree Inc (DLTR.O) on Wednesday missed Wall Street expectations for quarterly sales and flagged insipid annual sales, in another sign......

Target sees brighter 2022 with easing supply pressures

Reuters
Supply chain, labor problems seen easing Tie-up with Starbucks set to help Shares on track to recover most of 2022 losses March 1 (Reuters) – U.S. retailer Target Corp (TGT.N) posted record holiday quarter earnings on Tuesday and forecast an upbeat 2022 as it expects supply chain pressures to ease......

Lowe’s raises full-year forecast as home improvement demand holds steady

Reuters
Feb 23 (Reuters) – U.S. home improvement chain Lowe’s Cos Inc (LOW.N) lifted its full-year sales and profit forecast on Wednesday, as home improvement retailers benefit from resilient demand for tools and building materials. Lowe’s shares, which fell nearly 4% on Tuesday following the profit margin warning from larger rival......

Woolworths’ half-year profit plummets as COVID expenses rise

Reuters
A man sits outside a Woolworths supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, June 16, 2020. REUTERS/Loren Elliott Register now for FREE unlimited access to Reuters.com Register Feb 23 (Reuters) – Woolworths Group Ltd on Wednesday posted a......

Home Depot beats sales estimates on steady home improvement demand

Reuters
FILE PHOTO – Customers browse among the decking supplies aisle in a Home Depot store in Toronto, Ontario, Canada March 21, 2021. Picture taken March 21, 2021. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register Feb 22 (Reuters) – Home Depot Inc (HD.N) beat quarterly sales and......

Australia’s Coles flags inflation as cost controls limit H1 profit dip

Reuters
Customers separated by protective plexiglass shields are seen in the self-service checkout area of a Coles supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, June 17, 2020. REUTERS/Loren Elliott Register now for FREE unlimited access to Reuters.com Register SYDNEY,......

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