Core Viewpoint - The article highlights three stocks with strong income characteristics and a buy rank, suggesting potential investment opportunities for investors. Group 1: Kimbell Royalty Partners, LP (KRP) - Kimbell Royalty Partners, LP is an oil and gas royalty company with a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 41.7% over the last 60 days [1] - The company offers a dividend yield of 12.3%, significantly higher than the industry average of 6.9% [1] Group 2: Macy's, Inc. (M) - Macy's, Inc. is an omnichannel retail company with a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 10.2% over the last 60 days [2] - The company has a dividend yield of 3.1%, compared to the industry average of 2.2% [2] Group 3: Baytex Energy Corp. (BTE) - Baytex Energy Corp. is an energy company with a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 64.3% over the last 60 days [2]

Ivry-sur-Seine, France, 10 décembre 2025, 7h45 FNAC DARTY ANNONCE LA CESSION INTÉGRALE DU FONDS DE RETRAITE BRITANNIQUE Fnac Darty annonce aujourd'hui avoir conclu un accord avec le Trustee du fonds de pension Comet au Royaume-Uni avec Canada Life UK pour assurer entièrement les passifs du régime via un buy-in intégral de 330 millions de livres. Cette transaction garantit les avantages à long terme de tous les bénéficiaires du régime en transférant le risque financier lié aux paiements futurs à un assureur ...

Core Insights - US-based omnichannel retailer Kohl's has revised its full-year 2025 performance expectations downward due to weaker sales and earnings reported in Q3 [1][2] - The company anticipates a decline in net sales for fiscal 2025 between 3.5% and 4%, with comparable sales projected to fall between 2.5% and 3% [1][4] Financial Performance - For Q3 ended November 1, 2025, Kohl's reported net sales of $3.4 billion, a decrease of 2.8% year-on-year, and comparable sales declined by 1.7% [2] - Net income for Q3 fell to $8 million, or $0.07 per diluted share, compared to $22 million, or $0.20 per diluted share, in Q3 2024 [2] - Gross margin as a percentage of net sales increased to 39.6%, up 51 basis points year-on-year, while operating income for the quarter was $73 million, down from $98 million a year earlier [2][5] Inventory and Dividends - Quarter-end inventory stood at $3.9 billion, which is 5% lower than the same point last year [3] - Kohl's declared a quarterly cash dividend of $0.125 per share [3] Year-to-Date Performance - For the first nine months of fiscal 2025, net sales totaled $9.8 billion, a decrease of 4% from the previous year, with comparable sales down 3.2% [4] - Gross margin for the nine-month period was 39.8%, an increase of 39 basis points year-on-year, and operating income rose to $412 million from $307 million a year earlier [5] - Net income for the nine-month period increased to $147 million, or $1.30 per diluted share, compared to $61 million, or $0.55 per diluted share, in the same period of the previous year [5]

Core Insights - VMware and Walmart have announced a strategic collaboration to implement VMware Cloud Foundation, aiming to unify and secure Walmart's cloud and edge operations, enhancing the shopping experience and operational efficiency [1][3] - Broadcom has been designated as a strategic vendor for virtualization software solutions, which will support Walmart's efforts to accelerate innovation and improve service delivery [1][3] Company Overview - Walmart is a tech-powered omnichannel retailer, serving approximately 270 million customers weekly across over 10,750 stores and various eCommerce platforms in 19 countries, with a fiscal year 2025 revenue of $681 billion [5] - Broadcom is a global technology leader providing a wide range of semiconductor and enterprise software solutions, serving critical markets including cloud, data center, and enterprise software [4] Business Outcomes - The deployment of VMware Cloud Foundation will enhance consistency and reliability across Walmart's operations, optimizing resources and accelerating the rollout of new services [3][6] - Key benefits include enhanced agility and scalability, reduced operational complexity, simplified workload portability, and improved security and resilience [6]

Financial Data and Key Metrics Changes - Walmart International generates over $120 billion in net sales with $5.5 billion in EBIT, making it a significant segment for the company [3] - The company aims to reach a $200 billion GMV segment by 2028 and double its profit while increasing e-commerce penetration [14][15] Business Line Data and Key Metrics Changes - E-commerce accounts for nearly 25% of international net sales, with over 50% of sales in China being online [20] - The international segment is positioned as a growth driver for the enterprise, contributing positively to both top and bottom lines [12] Market Data and Key Metrics Changes - High growth markets identified include India, Mexico, and China, with a focus on unlocking omnichannel retail opportunities [8] - In India, e-commerce penetration is only about 9%, indicating significant growth potential [26] Company Strategy and Development Direction - The long-term goal for the international business includes entering new markets and growing profitability in existing ones [7] - The company is exploring marketplace entry strategies rather than traditional brick-and-mortar approaches [9] Management's Comments on Operating Environment and Future Outlook - Management emphasizes the importance of learning from past divestitures to strengthen the current portfolio [11] - The company is adapting its supply chain to build resiliency and diversify manufacturing bases in response to global challenges [18] Other Important Information - Walmart is focusing on digital inclusion in Mexico through initiatives like the Byte business, which offers digital connectivity at a discount [57] - The company is leveraging learnings from international markets to enhance its offerings and operational strategies [64] Q&A Session Summary Question: What are Walmart's long-term goals for the international business? - The company aims to curate high-growth markets and unlock omnichannel retail opportunities while remaining open to new market entries [8][9] Question: How does Walmart plan to improve profitability in international markets? - Management highlighted ambitions to double profits and increase e-commerce penetration while maintaining a focus on growth [14][15] Question: What challenges is Walmart facing in Mexico? - The company is addressing digital inclusion and competition while focusing on building a rich ecosystem for customer engagement [60][59] Question: How is Walmart adapting its supply chain in the current environment? - The company is building resiliency in its supply chain and diversifying manufacturing locations to mitigate risks [18][66] Question: What can be learned from the success of e-commerce in China? - Management noted the importance of quick delivery models and adapting successful strategies from China to other markets like India [44][45]

Core Insights - Target (TGT) reported favorable Q4 results but issued cautious guidance, leading to a 3% dip in stock price [1] - Despite the dip, Target shares are trading at a significant discount compared to competitors like Walmart (WMT) [1] Q4 Financial Performance - Q4 sales reached $30.91 billion, slightly above estimates of $30.76 billion but down from $31.91 billion year-over-year [2] - Comparable sales for existing stores grew by 1.5%, driven by strong traffic and digital performance [2] - Digital comparable sales increased by 8.7% during Q4, with same-day deliveries rising by 25% [2] - Q4 EPS was $2.41, exceeding expectations of $2.25 by 7%, compared to $2.94 per share in the same quarter last year [2][3] Full Year Results - For fiscal 2025, total sales decreased by approximately 1% to $106.57 billion, and annual earnings also fell by 1% to $8.86 per share [4] Guidance and Outlook - Target anticipates profit pressure in Q1 due to consumer uncertainty and tariff concerns [5] - Full-year EPS guidance for FY26 is projected at $8.80-$9.80, below the current Zacks Consensus of $9.34 per share [5] - Sales growth for FY26 is forecasted at 1%, below the current projection of $108.64 billion [7] - Zacks estimates suggest a 9% increase in EPS for FY27 and over 3% sales growth to $112.66 billion [5][7] Valuation and Market Position - Target's stock is currently around $116, with a forward P/E ratio of 12.5X, compared to Walmart's 36X [8] - Target's online sales growth is seen as promising, potentially leveling the competitive landscape with Walmart and capturing market share from Amazon (AMZN) [8]