Walmart, Target and other retailers report quarterly earnings this week as grim fourth-quarter forecasts pile up.
Even as price increases squeeze shoppers, analysts expect holiday-season sales to increase this year. With Walmart Inc., Target Corp. and discounters TJX Cos. and Ross Stores Inc. reporting results in the week ahead, we’ll hear straight from company executives whether analysts’ forecasts line up with their own.Those retailers — along with tech names like Cisco Systems Inc. and Nvidia Corp. — will report after many companies in the S&P 500 put out disappointing fourth-quarter forecasts.
Doughnut chain Krispy Kreme Inc. DNUT, +0.28% reports on Tuesday, and home-improvement retailers Home Depot Inc. HD, +1.04% and Lowe’s Cos. LOW, +2.30% report on Tuesday and Wednesday, respectively. Results from those two chains will offer a look at consumers’ appetites for home renovations as the housing market slows and more potential sellers keep their homes off the market.
The calls to put on your calendar Cisco and Nvidia earnings: Network provider Cisco CSCO, -1.91% and graphics chipmaker Nvidia NVDA, +3.66% report quarterly results on Wednesday, and both face questions about consumer spending on digital infrastructure. Cisco, meanwhile, faces questions about its ability to pivot from a router-and-switch mainstay to a company that draws sales from a wider variety of businesses, such as software subscriptions, security and hybrid work, Morgan said. The company could face questions about that transition’s effect on margins, and other analysts have said Cisco may have become too big to retain all of its market gains.
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