Market Overview

Retailers' Q2 Reporting Season: Polar Vortex Long Gone

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U.S. retailers should face a relatively easy second-quarter earnings season compared with the previous period beset by the polar vortex and the largest number of earnings misses in 13 years.

With many economists predicting overall economic growth will run at three percent in the second half of the year, a random group of eight major retailers are expected to post average second-quarter sales growth of 5.5 percent.

Redbook Research earlier Tuesday said June chain-store sales grew 3.8 percent compared to a year ago, and forecast July growth of 3.4 percent.

But going from the general to the particular, Wall Street expects bellwether Wal-Mart Stores (NYSE: WMT) to post sales growth of 1.8 percent to $119.03 billion with earnings down $1.21, from $1.24 a year earlier. Wal-Mart reports August 14.

For Home Depot (NYSE: HD) the consensus calls for five percent sales growth to $23.64 billion with earnings of $1.45, up from $1.24 a year ago. Home Depot reports August 19.

J.C. Penney (NYSE: JCP) is forecast to post sales of $2.78 billion, up 4.5 percent, with a loss of $0.24 compared with a year-earlier loss of $2.20.

Starbucks (NASDAQ: SBUX) will post $4.14 billion in sales, perking up 10.6 percent with earnings of $0.66 per share, up from $0.55 last year. The company reports July 24.

Analysts think Costco Wholesale (NASDAQ: COST) sales will rise eight percent to $35.14 billion while earnings will $1.51 from $1.40.

Lowe's (NYSE: LOW) is seen posting a sales gain of 5.5 percent to $16.58 billion with earnings up to $1.03, from $0.88.

Nike (NYSE: NKE), which reported last week, sales increased 13 percent to $6.97 billion while earnings squeak up to $0.76 per share, from $0.73.

Kohl's (NYSE: KSS) sales should fall 0.10 percent to $4.29 billion with earnings of $1.07 up from $1.04.

Latest Ratings for WMT

DateFirmActionFromTo
Sep 2014CitigroupInitiates Coverage onNeutral
Aug 2014JP MorganMaintainsNeutral
Aug 2014Raymond JamesMaintainsOutperform

View More Analyst Ratings for WMT
View the Latest Analyst Ratings

Posted-In: News Retail Sales Analyst Ratings

 

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