Costco (NASDAQ:COST) posted mixed results for the third quarter of fiscal 2020 after the markets closed on May 28. Lower traffic took a toll on the company.
Dollar General and Dollar Tree beat Wall Street’s estimates for the first quarter of fiscal 2020. There was a strong spike in demand for essential items.
Ulta Beauty (NASDAQ:ULTA) is among the many retailers that have suffered amid the COVID-19 pandemic. The beauty retailer closed its stores on March 19.
Costco Wholesale (NASDAQ:COST) will likely announce its results for the third quarter of fiscal 2020 after the markets close on May 28.
Bank of America upgraded NIO stock and raised its target price on Tuesday. Overall, analysts have been bearish on the stock.
NIO's guidance for the first quarter factored in the downturn. The company guided for vehicle deliveries between 3,400 and 3,600.
On May 21, TJX Companies (NYSE:TJX) reported weaker-than-expected results for the first quarter of fiscal 2021. COVID-19 impacted the results.
Kohl’s first-quarter net sales declined 43.5% YoY (year-over-year) to $2.16 billion. The company lagged analysts’ estimate of $2.18 billion.
Retail giant Walmart (NYSE:WMT) proved its might with strong results for the first quarter of fiscal 2021 despite the COVID-19 crisis.