Retail Earnings Paint Complex US Consumer Picture: Kohl's Shines, Dick's Struggles
Portfolio Pulse from AJ Fabino
Recent earnings reports from Kohl's Corp (KSS), Dick's Sporting Goods Inc (DKS), and Macy's Inc (M) reveal a complex picture of the U.S. consumer landscape. Kohl's beat expectations with earnings of 52 cents per share and revenues of $3.89 billion, attributed to reduced inventories and cost-cutting measures. Dick's missed estimates with earnings of $2.82 per share and revenues of $3.224 billion, due to slowed sales and excess inventory. Macy's beat estimates with earnings of 26 cents per share and revenues of $5.13 billion, but faces challenges with declining sales and increased credit card payment delinquencies.
August 23, 2023 | 4:16 pm
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POSITIVE IMPACT
Kohl's beat earnings and revenue estimates, thanks to reduced inventories and cost-cutting measures.
Kohl's beat earnings and revenue estimates, which is generally a positive signal for the stock. The company's cost-cutting measures and reduced inventories have helped it perform well despite a broader retail slowdown.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Macy's beat earnings and revenue estimates, but faces challenges with declining sales and increased credit card payment delinquencies.
Macy's beat earnings and revenue estimates, which is generally a positive signal for the stock. However, the company's declining sales and increased credit card payment delinquencies could pose challenges moving forward.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dick's Sporting Goods missed earnings and revenue estimates due to slowed sales and excess inventory.
Dick's Sporting Goods missed earnings and revenue estimates, which is generally a negative signal for the stock. The company's slowed sales and excess inventory have negatively impacted its performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100