Kohl's Net Income Plunges On Weaker Gross Margins

Kohl's quarterly net income declined 63% after gross margin fell. The retailer announced a plan to repurchase $500 million of its own shares.

KSS

Cisco Quarterly Net Falls 6%, Estimates 2023 Revenues Growth Between 4% and 6%

Cisco said revenues in the fourth quarter were flat and net income declined 6%. The networking gear maker estimated 2023 revenues to rise between 4% and 6%.

CSCO

U.S. Stocks Waver, Home Sales Decline for 6th Month In a Row

Stocks lacked direction and existing home sales declined for the sixth month in a row in July as buyers struggled to pay for record home prices. Weekly jobless claims held steady.

CSCO BJ KSS

Stocks Close Lower as Investors Review Fed Minutes

Federal Reserve policymakers discussed the risks of higher rates faster but also showed willingness to look beyond the recent decline in oil, gasoline and commodities prices.

Target Quarterly Earnings Plunge On Higher Markdowns

The retailer of general merchandise and food said second quarter gross margins and earnings plunged after the company lowered prices to clear excess inventories.

TGT

TJX's U.S. Comparable Same Store Sales Drop 5%

The discount apparel and home goods retailer said it returned one billion dollar in the first-half of the current fiscal year. U.S. comparable sales declined after consumers curtailed discretionary spending.

TJX

Lowe's Issued Cautious Annual Outlook

The home improvement retail chain reported flat quarterly earnings and issued a cautious outlook for the remainder of the year.

LOW

Krispy Kreme's Quarterly Loss Shrank

The doughnut chain operator said quarterly loss shrank and lowered it annual revenues estimate.

DNUT

Compass Net Loss Soars, Lowers Annual Outlook

The real estate broker lowered significantly its annual revenues outlook and said quarterly loss soared on non-cash expenses.

COMP

U.S. Stocks Turn Lower, July Retail Sales Flat

Stocks on Wall Street turned lower after retail sales in July were flat and investors digested the latest batch of earnings. Home builders fell after mortgage application volume dropped to a 22-year low.

TGT LOW

U.S. and European Markets Advance, Natural Gas Above $9

Benchmark indexes closed mixed after a volatile session dominated by retail sector stocks. Investors cheered the latest earnings from Walmart and Home Depot and hoped that the strength in consumer spending will be reflected in results of other retail companies.

Walmart U.S. Comparable Store Sales Rise 6.5%

Walmart said quarterly revenues rose largely on price increase and the retailer retained its full-year revenue outlook on the back of a stronger second-half performance expectations.

WMT

Home Depot Quarterly Income Rose 8%

The home improvement retailer retained its outlook for annual revenues and earnings per share earnings growth. Customer transactions rose but average ticket size rose in the quarter.

HD

Ziprecruiter Swings to Profit On Lower Expenses

Ziprecruiter swung to a quarterly profit after the online employment site lowered its sales and marketing expenses.

ZIP

ThredUp Loss Doubles and Lowers 2022 Revenue Outlook

The apparel resale platform operator said second quarter revenues increased 27% and loss doubled.

TDUP