BIG BOX

Big box retailers have done well in clearing inventory, putting them in a strong position for 2024. 

🔻 ▲ Target (USA) reported Q2 revenue fell 5% to $24.8 billion.  Operating income rebounded 273% to $1.2 billion.  Profit surged 356% from a year earlier to $835 million.

▲▲  Walmart (USA) reported Q2 global revenue rose 5.7% to $162 billion.  Operating profit rose 6.7% to $7.3 billion.  Further strengthening its position, Walmart said inventories levels were solid.