There were a slew of retail earnings Thursday morning. Yahoo Finance anchors Seana Smith and Brad Smith delve into the details of the results, highlighting the increasing difficulties companies face in navigating the rise of value-conscious consumers. Kroger (KR) shares jumped in early trading after the company reported a strong full-year forecast. The grocery giant announced plans to focus on investing in its workforce, including employees and wages. This strategic move comes amid Kroger’s ongoing battle to acquire Albertsons (ACI), a bid that has faced regulatory pushback. BJ’s Wholesale Club (BJ) posted fourth-quarter earnings that beat Street estimates. The company, however, highlighted some of the broader challenges in the space, with CFO Laura Felice saying in the release that the retailer is continuing to “navigate macro-driven uncertainty in the operating environment.” Victoria’s Secret (VSCO) shares plunged after providing a weaker-than-expected full-year sales guidance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note: This article was written by Angel Smith
Yahoo! Finance: ACI News
