Major retail players will be reporting first-quarter earnings numbers this week. The coronavirus outbreak has forced retailers selling discretionary items to shut outlets.
Meanwhile, retailers suppling essential commodities like food and cleaning products saw a considerable sales improvement in the quarter ending March.
What’s more, the results will provide a clear picture of how retailers have managed the unprecedented pressure on supply chains, particularly for essentials like cleaning supplies.
We will also gain an insight into the levels of cash flow and debt. After all, for any retailer, the ability to mitigate debt obligations is going to be crucial for survival.
Here we discuss three key retail earnings reports which could move markets –
Retail behemoth, Walmart Inc. (WMT) is scheduled to report first-quarter earnings on May 19, before market open. Walmart’s management hasn’t said anything recently about the impact of the pandemic on its performance. But the company