Retail Details
Summary:
Watch List News:
BJ’s Wholesale Club Inc. stock got an upgrade from a Credit Suisse analyst Monday who said shares have almost bottomed out, though he lowered his earnings forecasts in light of competitive concerns.
Other news:
McDonald’s Corp. (MCD) on Monday posted preliminary quarterly earnings that topped analysts’ expectations, pushing shares 4.1 percent higher. June sales at stores open-at least 13 months rose a better-than-expected 5.9 percent, with sales in Germany lifted as it hosted the World Cup. The company earned about 67 cents a share for the second quarter, including 10 cents a share in income from the sale of shares in Chipotle Mexican Grill Inc. (CMG) and an expense of 2 cent a share from a tax law change. Excluding one-time items, earnings were 59 cents a share. Analysts, on average, looked for 56 cents a share, according to Reuters Research. Some are reading the McDonald’s earnings surprise as a sign that consumers are shifting to lower-priced goods. Wal-Mart (WMT - Annual Report) may disagree.
Target (TGT) now expects 3 percent to 4 percent growth in July same store sales down from the original forecast of 4 to 6 percent.
Like this article? Why not try out:
