Retail Sector Gears Up For Earnings Week: Leveraging Consumer Data For Strategic Trading
Portfolio Pulse from AJ Fabino
The retail sector is preparing for earnings week, with several major companies set to release their quarterly reports. Urban Outfitters, Macy's, Kohl's, Foot Locker, and Ulta Beauty are among the companies that will be reporting. Analysts expect varying performances from these companies, with some showing promising growth and others facing challenges.
August 21, 2023 | 8:35 pm
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NEUTRAL IMPACT
Foot Locker is expected to issue earnings of 4 cents per share on revenues of $1.88 billion. The company is in a recalibration year, with a vision for aggressive growth in the next three years.
The company's expected earnings and its recalibration year suggest a potential neutral impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Kohl's is expected to report earnings of 22 cents per share on revenues of $3.69 billion. The company has seen promising year-over-year visits.
The company's expected earnings and the increase in visits suggest a potential positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Macy's is expected to issue earnings of 13 cents per share on revenues of $5.09 billion. The company's Backstage off-price format is leading growth.
The company's expected earnings and the positive impact of its Backstage off-price format suggest a potential positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ulta Beauty is expected to report earnings of $5.83 per share on revenues of $2.51 billion. The company is showing consistent year-over-year visit growth.
The company's expected earnings and the consistent year-over-year visit growth suggest a potential positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Urban Outfitters is expected to report earnings of 89 cents per share on revenues of $1.25 billion. The company saw a -10% decline in comparable-store sales in 2022, but issued upbeat earnings in the first quarter.
The company's expected earnings and the positive rating from Telsey Advisory Group suggest a potential positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100