Lowe’s Profit Tops Estimates on Online Growth

Lowe’s Profit Tops Estimates on Online Growth

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Drew Reading, Bloomberg Intelligence U.S Homebuilding Analyst, recaps Lowe's earnings. Lowe’s Cos. reported profit that topped expectations on a pickup in online sales and growth in demand from professional contractors. Adjusted earnings per share were $3.06 in the third quarter, the company said in a statement Wednesday, compared with the $3.00 estimate of analysts surveyed by Bloomberg.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail,discusses TJX earnings. TJX Cos. posted sales last quarter above estimates and raised its outlook, signaling that US shoppers are turning to cheaper options as the economy shows signs of stress.
The discounter, which runs chains including TJ Maxx and Marshalls, said revenue hit $15.1 billion. Analysts on average expected about $14.9 billion. Its comparable sales topped estimates, too.

-Liz Hart, President of Leasing for North America at Newmark, discusses the state of commercial real estate. Despite economic uncertainty amid low consumer sentiment, retail remains strong. U.S. retail availability is 5.3%, above the all-time low of 5.0%, and 120-bps under the long-term average availability rate of 6.5%. This is largely due to a very limited development pipeline, dating back to the GFC. Since 2010, retail has delivered less than 1.0% new supply each year, enabling retail to manage obstacles such as a rising rate of e-commerce sales, the Pandemic, and the current low state of consumer sentiment.

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Episoder(3506)

Macy’s Falls on Guidance Despite Sales Beat, Better Outlook

Macy’s Falls on Guidance Despite Sales Beat, Better Outlook

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Emily Cohn, Bloomberg Consumer Team Leader, recaps Macy’s earnings....

10 Sep 23min

Chewy Shares Slump as Executives Say Consumers Remain Pressured

Chewy Shares Slump as Executives Say Consumers Remain Pressured

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Diana Rosero Pena, Bloomberg Intelligence Consumer Staples Analyst,...

9 Sep 16min

GE to Buy Consolidated Precision Products for $11.75 Billion

GE to Buy Consolidated Precision Products for $11.75 Billion

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense,...

8 Sep 22min

Introducing: Bloomberg Money

Introducing: Bloomberg Money

Bloomberg Money is a new, weekly podcast focused on YOUR money. Listen for wealth strategies, retirement tips and a personal finance insights. Join Tom Keene and Scarlet Fu for new episodes every Frid...

7 Sep 30s

Bloomberg Money: Premium Travel, Fast Fashion, Luxury at the US Open & The Cost of College

Bloomberg Money: Premium Travel, Fast Fashion, Luxury at the US Open & The Cost of College

Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: The Points Guy Founder Brian Kelly and Telsey Advisory Group CEO & Chief Resear...

5 Sep 44min

Anthropic Finalizing $15 Billion Pre-IPO Credit Facility

Anthropic Finalizing $15 Billion Pre-IPO Credit Facility

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Nathan Hager and Caroline Hepker-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, di...

4 Sep 23min

Broadcom Slides After AI Chip Forecast Underwhelms Investors

Broadcom Slides After AI Chip Forecast Underwhelms Investors

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, di...

3 Sep 20min

Chevron to Invest $7 Billion to Double Its Venezuelan Output

Chevron to Invest $7 Billion to Double Its Venezuelan Output

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu - Kevin Crowley, Bloomberg Senior Oil Reporter, discusses Chevron ...

2 Sep 23min

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