Inflation and the pressure it puts on American customers’ wallets continue to dominate the financial news headlines, so it’s possible that the markets will be turning to the next earnings reports from large retailers for clarification. Lowe’s, Walmart, and Target will all make their quarterly financial reports available to the public over the next two days.
Report on Retail Earnings
Walmart Steps Up
On Tuesday, August 16th, before the markets open, big box superstore Walmart (WMT) is anticipated to report its Q2 2023 profits. Concern over what the next report may disclose about the status of Walmart’s bottom line has been present in recent weeks; on July 25th, the company’s management drastically reduced its profit outlooks for the second quarter as well as for the year as a whole.