By Hannah Erin Lang and Katy Barnato
Several big U.S. retailers report quarterly earnings this week, offering a glimpse into the spending habits of consumers and the effects of President Trump's trade war. Here are the major reports due this morning:
-- Lowe's: The home-improvement chain's earnings last quarter showed persistent weakness in big-ticket spending.
-- This quarter, Lowe's profit is seen slipping 0.1% to slightly under $2.4 billion, on sales of more than $23.9 billion, according to analysts polled by FactSet.
-- Target: Executives said a laundry list of problems dragged down sales last quarter, including weaker consumer spending.
-- Target's profit is likely to drop more than 23% this quarter to $912 million, on sales of $24.9 billion.
-- TJX: The T.J. Maxx owner has said it will shift prices in line with traditional retailers.
-- Analysts expect TJX's net income to rise 3.4% to $1.1 billion, on sales of $14.1 billion.
Coming tomorrow:
-- Walmart: The retail goliath is due to report Thursday morning. Walmart was one of the largest companies to say earlier this year it would pass tariff costs on to consumers and raise prices.
-- Profit is seen jumping 9.6% from a year earlier to $5.9 billion, on sales of $175.9 billion.
Results in already:
-- Home Depot: The Lowe's rival posted a rise in same-store comparable sales on Tuesday and backed its annual outlook. It said that consumers were still delaying big-ticket projects and that it would make modest price increases. It previously said it planned to keep prices on hold, despite tariffs.
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(END) Dow Jones Newswires
August 20, 2025 05:12 ET (09:12 GMT)
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