The TJX Cos. reported mixed results for its third quarter as its profit topped analysts’ estimates but its revenue experienced a slight decline amid declining sales at its Home Goods banner.
Target Corp.’s third-quarter profit took a big hit as it worked to clear excess inventory and sales softened ahead of the holiday season, causing the retailer to cut its fourth-quarter outlook.
Lowe's Companies reported better-than-expected earnings and sales and raised its full-year profit forecast as home improvement demand remains strong even in the face of inflation.