Walmart is down more than 9% after reporting its first U.S. comparable-sales miss in more than five years.
Management said consumers are making trade-offs as discretionary spending softened.
This week’s retail earnings give a clearer pulse on the U.S. consumer:
▸ $WMT Walmart: shoppers prioritized groceries and essentials as discretionary spending softened
▸ $TGT Target: traffic grew, with food & beverage among its strongest categories
▸ $HD Home Depot: smaller repair and maintenance projects held up, while larger renovations stayed soft
▸ $LOW Lowe’s: contractor demand helped offset weakness in larger DIY remodeling projects
Consumers are still spending. But necessities and smaller projects are holding up better than bigger discretionary purchases.