The worst may be over for the big-box bloodbath.
On Tuesday, Walmart Inc. forecast that its earnings this year wouldn’t decline as much as it expected three weeks ago when it issued a profit warning. The Home Depot Inc. also reported record quarterly sales and profit, and maintained its guidance for the rest of its fiscal year.
After two profit warnings from Walmart in just over two months, the latest results offer some relief that things haven’t gotten any worse — at least for the world’s biggest retailer. Target Corp., which also warned on profit twice within the last few months, will report its second-quarter earnings on Wednesday.
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