This Week: Results from Home Depot, Macy‘s and Walmart

Home Depot

Home Depot reports its second-quarter earnings on Tuesday. The chain has over 2,200 stores across the U.S. and boasts that it‘s the world‘s largest home improvement retailer. Wall Street expects its profit rose to $2.84 a share, up from $2.25 a year ago. Its stock is up about 12 percent over the last four months.

Macy‘s

Department store chain Macy‘s is forecast to report profit rose to 50 cents a share in the second quarter, up from 48 cents a year ago. Macy‘s stock has jumped over 30 percent since it reported strong first-quarter earnings in May. Macy‘s has been expanding its store label brands, adding more Backstage stores, and upgrading its checkout technology. It reports earnings today.

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Walmart

Wall Street expects Walmart will report profit grew to $1.22 a share in the second quarter, up from $1.08 a year ago. Walmart stock lost about 20 percent after it reported smaller-than-expected fourth-quarter profit as it wrestled with slower e-commerce sales during the busiest time of the year. The Bentonville, Arkansas company is promoting its curbside grocery pickup service to drive online sales. It reports earnings on Thursday.

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