- (0:15) - Upcoming Retail Earnings
- (0:50) - Target Q3 Earnings
- (2:40) - Walmart Q3 Earnings
- (4:05) - Best Buy Q3 Earnings
- (6:00) - Episode Roundup: Podcast@Zacks.com
On this week’s episode of Shopping for Stocks, host and Zacks Editor Maddy Johnson dives into an earnings preview of some big-name big box retailers.
Target (TGT - Free Report) is the first one to report, set to release their results on Wednesday before the bell. During the past few quarters, Target has implemented a ton of strategic business initiatives, and the impact of this new direction brought surprise positive same-store sales last quarter. Will this new direction help Target manage strong results in Q3?
Also reporting this week is Walmart (WMT - Free Report) , who has significantly stepped up its e-commerce game in an effort to compete with Amazon (AMZN - Free Report) . From high-profile acquisitions to rollout of online grocery, Walmart has been posting double-digit growth in its U.S. digital divisions. Will this trend continue when the retailer releases results on Thursday?
Another big name to keep an eye on is Best Buy (BBY - Free Report) . Just a few months ago, the company held its first investor meeting in five years, outlining new goals for its next phase of growth. While Best Buy is determined to grow its smart home business and mobile market share, it must also take care to increase its same-store sales, especially during the holiday quarter.
These reports are as important as ever, as they help shine a light on the current retail landscape, and what the holiday shopping season could look like.
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to firstname.lastname@example.org. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
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