Wall Street shaken by inflation-induced earnings hit2 min read . Updated: 20 May 2022, 05:36 AM IST
- Among 145 retailers that have reported first-quarter earnings so far, 127 mentioned inflation and 138 flagged supply chain issues, according to Refinitiv data
Walmart, Target and Kohl's were among major retailers that reported earnings this week that missed Wall Street expectations by the widest margin in at least five years, underscoring the wallop four-decade-high inflation is bringing to U.S. shoppers' wallets and retailers' bottom lines.
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