
Please try another search
Third quarter earnings season is winding down, but this week there are still over 250 companies expected to report earnings, with many of them being the big retailers.
The retail sector has been one of the gloomiest groups on Wall Street. Many investors believe that they will ALL be Amazoned. But the department stores have already reported and it wasn’t too bad. Will the others follow suit?
Tracey looked through the retail earnings charts to find those with the best track records this week. Some of these are trading near new highs, but some are not.
Keep an eye on comparable store sales guidance as well as the earnings miss or beat. It’s just as important as beating the Zacks Consensus Estimate.
All 5 of these companies have had great comparable store sales results in the last few quarters. Can they do it again in a challenging retail environment?
5 Top Retail Earnings Charts
1. Home Depot (NYSE:HD) is a beast. Not only has it beat every quarter for 5 years it is also crushing the comparables. In the second quarter, it did a 6.3% sales comp. Almost no one in the industry is doing it as well as Home Depot.
2. TJX Companies (NYSE:TJX) is cashing in on the popular Home Goods chain, which did a 7% sales comparable last quarter. Consumers are willing to spend on their homes. But TJ Maxx’s shares have been a bit weak. Will another good quarter boost the stock out of its narrow trading range?
3. Children’s Place (NASDAQ:PLCE) is a mall-based retailer who hasn’t missed in 5 years. This type of specialty retailer was supposed to be Amazoned, and its competitor, Gymboree, was, as it declared bankruptcy and closed 330 stores. But this gave a boost to Children’s Place. It had a 3.1% comparable last quarter.
4. L Brands (NYSE:LB) used to be the darling of the Street with its popular Pink brand but Pink isn’t as popular as it once was and it has also exited swimwear. It pre-announced sales comps of 2% and shares are off the lows.
5. Best Buy (NYSE:BBY) was supposed to be Amazoned years ago but instead of caving in to the competition, it upped its game and came roaring back. Its last earnings miss was nearly 5 years ago and it did a 5.4% comp last quarter, among the best in the industry. Can it keep the momentum heading into the holiday season?
Want to Learn How to Trade Options?
Have you always wanted to trade stock options but are unsure where to begin or what to look for?
Each week, Zacks’ Dave Bartosiak will bring you a detailed explanation of the trades “live” on YouTube.
Watch him go through the trade as he answers your questions in real time.
Become one of Dave’s minions. Join the Zacks Live Trader community today. It’s free!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
• Trump’s trade war, inflation data, and last batch of earnings will be in focus this week. • DoorDash’s imminent inclusion in the S&P 500 is likely to trigger a wave of...
The big US stocks dominating markets and investors’ portfolios just finished another earnings season. They reported spectacular collective results including record sales, profits,...
“Quality” stocks with strong fundamentals tend to be rewarding places to stash hard-earned money. Since 2009, investing in a basket of quality stocks over a standard index has...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.