Last updated: March 5, 2026. Coverage Status: 9/10 companies reported.

Macro Trends

• Amazon and Walmart strengthened their hold on consumer spending in Q4, as their ability to offer low prices and fast delivery resonates strongly with value-conscious shoppers.
• Walmart’s “every day low prices” guarantee and expanded assortment are winning more spending from affluent consumers, while Amazon’s investments in same-day grocery delivery are propelling growth for its everyday essentials business.
• Target continued to struggle, increasing the urgency for its new leadership team to overhaul merchandising and improve the store experience.
• Off-price thrived as its sharp value focus lured shoppers across income groups. TJX said comparable sales growth was consistent among shoppers earning above and below $100,000, underscoring its wide appeal.
• Ross also posted record holiday-quarter sales, reinforcing consumers’ shift toward value-oriented retailers.
• Amid a sluggish housing market, Home Depot and Lowe’s topped analysts’ forecasts, with results largely driven by gains in their expanding professional businesses—supported by recent acquisitions—and modest expectations.
• Wayfair posted 7.4% US revenue growth but a much wider-than-expected unadjusted loss as equity compensation and a $165 million debt repurchase charge weighed on results.
• Looking ahead, several companies, including Walmart and Lowe’s, issued cautious guidance amid macro uncertainty and are taking steps to rein in costs. Home Depot, for example, revised managers’ bonus targets and cut 800 jobs.

Company Updates, By Sector