Aug 16, 2026 · 9 min
Retailers test the consumer as Deere gauges farm demand
Week Ahead: Target, Walmart, Deere
Target and Walmart offer a read on consumer spending, while Deere and Estée Lauder broaden the week’s earnings picture across farms and beauty.
- 1Target and Walmart earnings will test how current consumer trends are translating into retail performance.
- 2Deere’s results provide a window into demand for agricultural machinery and broader farm-equipment conditions.
- 3Estée Lauder adds a beauty-sector read to an earnings week led by major consumer-facing companies.
Don't miss
The preview’s most revealing turn is its move from Target and Walmart to Deere and Estée Lauder, testing demand across four distinct businesses.
The brief
Bloomberg’s Nathan Hager and Avalon Purnell frame the coming earnings week around a central question: what are major companies saying about consumer demand and investor expectations?
Target and Walmart anchor the preview, offering two major retail reads on spending trends as both companies prepare to report results.
The discussion then widens beyond big-box retail to Deere, where agricultural machinery earnings could illuminate conditions across the farm-equipment market.
Estée Lauder rounds out the lineup with a beauty-sector perspective, making the week’s earnings slate a broader test of demand across distinct consumer categories.
Taken together, the companies give investors several lenses on the same question: how resilient is demand as earnings season moves forward?
What was said on this episode
4 statements · 1 positive · 1 negative · 2 neutral
Walmart is expected to use tariff refunds for rollbacks that drive future business gains.
“they also expect Walmart to be fairly vocal about how exactly they're using those tariff refunds to fund rollbacks and ultimately drive future business gains”
Listen at 3:05
Deere expects 2026 to mark the trough in its agricultural cycle.
“investors will be looking for more data that reinforces Deere's view that 2026 will be the trough”
Listen at 4:01
RBC is focused on the pace of Deere’s recovery.
“RBC also highlighting that their big question is continuing to be what exactly does the pace of Deere's recovery look like”
Listen at 4:42
Deere options imply a potential post-earnings move of nearly 5%.
“the options market also continuing to price a potential move of nearly 5% after the company reports earnings”
Listen at 5:14
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
John Deere
The Estée Lauder Companies Inc.Listen to the full episode and explore every guest, topic, and moment on PodLume.