Fast Five Shorts | Walmart, Home Depot, And Target Earnings
Omni Talk Retail
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Introduction
The Home Depot reported first quarter net sales fell 4.2% from a year ago, while Comp sales also fell 4.5%. Target stuck with its full year outlook saying it expects comp sales will range from a low single digit decline to a low singledigit increase for the first fiscal year coming off of flat first quarter comp. Walmart raised its guidance for the year after reporting US same store sales were up 7.4% way ahead of analyst estimates of 5.5%.
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