Redd Brown

5 days ago | news.bloomberglaw.com | Redd Brown |Rachel Phua |Ignacio González

Walmart Inc. and Hertz Global Holdings get a chance next week to lay out plans for growth as recession fears continue to deepen, chilling consumer sentiment. Both are likely to plot out opportunities for expansion as the global trade turmoil threatens to push costs higher for households. Walmart, which is expected to see quarterly earnings shrink for the first time in almost three years, is banking on competitive price cuts.

6 days ago | bloomberg.com | Redd Brown

Tylenol brand pain reliever pills. (Bloomberg) -- Kenvue Inc. maintained its sales expectations for the year while lowering its profitability target as tariffs raise costs. Organic sales are still expected to rise 2% to 4% this year, the company said in a statement, while analysts had expected 2.1%. Higher costs linked to tariffs mean its operating margin, excluding some items, will probably fall this year. The maker of Tylenol previously expected the margin to expand.

1 week ago | bloomberg.com | Redd Brown

Clorox disinfecting wipes in Germantown, New York, in 2023. (Bloomberg) -- Clorox Co. lowered to top end of its full-year sales outlook as the worsening economic backdrop saw consumers cut back on spending. Sales will now grow 4% to 5% on an organic basis for the 2025 fiscal year, which ends in June, the company said in a statement. Previously, Clorox saw growth of 4% to 7%, while analysts had forecast 5.4%.

1 week ago | news.bloombergtax.com | Ignacio González |Redd Brown |Rachel Phua

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1 week ago | news.bloomberglaw.com | Ignacio González |Redd Brown |Rachel Phua

Walt Disney Company results this week will show if geopolitical ructions have started to hit its theme park and cruise businesses amid a fall in visitor arrivals to the USand global boycotts of American products. In its report for the quarter, Ford Motor Company will detail the increase in costs resulting from the tariffs unleashed by the Trump administration. The disruption to cross-border supply chains could give Rivian Automotive Inc. and Lucid Group Inc.