Market Overview

Swarm Of Retailer Earnings Upcoming: News So Far Mixed

Swarm Of Retailer Earnings Upcoming: News So Far Mixed

Wal-Mart Stores (NYSE: WMT), the big daddy of retailers, reports results on Thursday, but it's just one in a swarm of companies the sector coming up to the earnings plate in the next 10 days.

So far big news from the sector include a major earnings miss from Amazon (NASDAQ: AMZN) and slightly better than expected results from Coach (NYSE: COH).

Monthly growth in retail sales excluding autos has been running at about 2 percent since March, while the Thomson Reuters same-store sales index is expected to show average growth of 1.3 percent in the second quarter compared with 1.6 percent a year earlier.

While the big picture suggests little to cheer about, the retail segment of Berkshire Hathaway (NYSE: BRK) last week posted a 19.7 percent gain in earnings to $91 million on a 7 percent revenue increase to $1.07 billion. The segment includes a furniture division, jewelry businesses, See's Candies and other operations.

An exchange-traded fund in the sector, Merrill Lynch Retail Holders (NYSE: RTH), is up 62 percent in the year to date.

Wal-Mart is expected to post an earning decline Thursday of 2.4 percent to $1.21 a share on revenue growth of 2 percent to $118.98 billion from a year earlier.

The company missed expectations for its April quarter by more than 4 percent, although a fierce winter was largely to blame.

On Wednesday, Macy's (NYSE: M) is expected to post earnings of $0.86 a share on revenue of $6.3 billion. The company beat expectations in the first quarter by 1.7 percent.

Target (NYSE: TGT) slated to report Aug. 20, is expected to post earnings of $0.81 cents a share on sales of $17.4 billion. For the April quarter, Target missed top-line expectations by 1.4 percent

Other dates to mark in the retail earnings calendar include:

  • Fossil Group (NASDAQ: FOSL) Aug. 12
  • J.C. Penney (NYSE: JCP) Aug. 14
  • Nordstrom (NYSE: JWN) Aug 14
  • Kohl's (NYSE: KSS) Aug. 14
  • Urban Outfitters (NASDAQ: URBN) Aug. 18
  • Home Depot (NYSE: HD) Aug. 19
  • TJX Companies (NYSE: TJX) Aug. 19
  • L Brands (NYSE: LB) Aug. 20
  • Lowe's (NYSE: LOW) Aug. 20
  • Dollar Tree (NASDAQ: DLTR) Aug. 21
  • GameStop (NYSE: GME) Aug. 21
  • Gap (NYSE: GPS) Aug. 21

Posted-In: Earnings Previews Trading Ideas Best of Benzinga


Related Articles (AMZN + BRK)

View Comments and Join the Discussion!

Deutsche Bank Downgrades King Digital Entertainment To Hold

Dan Nathan Sees Unusal Options Activity In Cisco