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Macy's Inc Q3 earnings: What to look for
November 15, 2021 04:48 PM PST| By Team Kalkine MediaHighlights Most analysts expect the Ohio-based firm to report EPS growth of US$0.31 in the third quarter. In the quarter ended July 2021, its EPS was US$1.29 against analysts’ expectations of US$0.22. Macy’s net income in the July.....
Q3 Outlook: Walmart (WMT), Target (TGT) to report modest sales growth
November 15, 2021 01:14 PM PST| By Versha JainHighlights Many top retailers are all set to declare their quarterly results this week. Walmart Inc. (NYSE: WMT) will announce its Q3 results on Nov 16 and Target Corporation (NYSE: TGT) will release results on Nov 17. Amid the rising demand f.....
Home Depot (HD) Q3 earnings: EPS growth, sales, stock price outlook
November 15, 2021 11:53 AM PST| By Team Kalkine MediaHighlights Analysts forecast an EPS growth of US$3.4 in the third quarter, up from US$3.18 in the same period a year ago. In the fiscal quarter ended July, its EPS was US$4.53, more than analysts’ forecast of US$4.43. Nearly three dozen.....
Tyson (TSN), Oatly (OTLY) raise guidance after quarterly results
November 15, 2021 09:59 AM PST| By Versha JainHighlights Tyson Foods, Inc’s (NYSE: TSN) GAAP operating income in fiscal 2021 was US$4,396 million, up 46% YoY, and in Q4, it was up 98% YoY to US$1,909 million. Oatly Group AB (NASDAQ: OTLY) revenue was US$171.1 million in the thir.....
Chewy (CHWY), Etsy (ETSY) jump as consumer price hikes take hold
November 12, 2021 05:21 PM PST| By Versha JainHighlights Chewy Inc. (NYSE: CHWY) and Etsy Inc. (NASDAQ: ETSY) stocks rose over 7% on Friday. CHWY stock declined 14.44% YTD, while the ETSY stock grew 52.97% in the same period. Chewy’s net sales jumped 26.8% in the August quar.....
Allbirds IPO (BIRD): Stock jumps 90% in Nasdaq debut
November 04, 2021 10:38 AM PDT| By Versha JainAllbirds, Inc. (NASDAQ: BIRD) stock closed the first-day trading on NASDAQ Wednesday with over 90% gain. The price had more than doubled in intraday trading, rising as much as US$31. IPO price Allbirds Inc priced its Class A Common Sto.....
Estee Lauder (EL) posts net income of US$692 million in Q1
November 02, 2021 12:20 PM PDT| By Versha JainHighlights Estee Lauder Companies, Inc. (NYSE: EL) posted net sales of US$4,392 million, up 23% YoY. Its earnings per share diluted increased by 32%, and adjusted EPS diluted rose 29%. The company expects net sales to be in the upward range of.....
Coca-Cola to fully acquire sports drink brand BodyArmor for US$5.6 bn
November 01, 2021 09:48 AM PDT| By Sanjeeb BaruahHighlights Monday's announcement marks a major shift from its strategy to discontinue energy drinks and focus on sodas last year. Coca-Cola said BodyArmor currently has a 50% growth rate, with US$1.4 billion in annual retail sales. The bever.....
Colgate-Palmolive’s (CL) net income declines but revenue up
October 29, 2021 11:29 AM PDT| By Sanjeeb BaruahHighlights Colgate-Palmolive Company (NYSE: CL) net and organic sales grew by 6.5% and 4.5%, respectively, in the third quarter of 2021. The company’s net income was US$634 million compared to US$698 million a year ago. The company.....
Trick-or-Treating: Here’re five Halloween stocks to explore
October 29, 2021 11:24 AM PDT| By Ipsita SarkarHighlights Mondelez International, Inc’s (NASDAQ: MDLZ) revenue rose 12% YoY in Q2, FY21. Gap, Inc’s (NYSE: GPS) net sales surged 29% YoY in Q2, FY21. The Hershey Company’s (NYSE: HSY) net sales grew over 6% YoY in Q3, FY21. .....
McDonald's (MCD) Q3 profits soar as global store sales grow
October 27, 2021 01:59 PM PDT| By Sanjeeb BaruahHighlights McDonald's consolidated revenue increased by 14% YoY to US$6.20 billion in the quarter. The net income jumped 22% YoY to US$2.15 billion from 1.76 billion in Q3, 2020. McDonald's US sales were up 9.6% YoY in the quarter, while glo.....
Coca Cola (KO), Kraft Heinz (KHC) raise outlook after Q3 results
October 27, 2021 10:40 AM PDT| By Ipsita SarkarHighlights Coca-Cola Company (NYSE: KO) net revenues for the third quarter ended Oct 1, 2021, grew 16% to US$10.0 billion. The Kraft Heinz Company (NASDAQ: KHC) reported a 1.3% growth in organic net sales YoY. Its net income grew 23.2% YoY to U.....
Crocs Inc. (CROX) stock jumps on strong Q3 results, revenue guidance
October 21, 2021 12:20 PM PDT| By Sanjeeb BaruahHighlights Crocs’ revenue jumped 73.0% YoY to US$625.9 million, helped by strong sales growth, mainly in the Americas, followed by Asia Pacific, Europe, Middle East, and Africa. The company’s online sales accounted for 36.8% of the .....
As Halloween shopping gets underway, here’re five stocks to consider
October 11, 2021 05:17 PM PDT| By Ipsita SarkarHighlights The National Retail Federation (NRF) expects Halloween spending to be around US$10.1 billion this year. The Hershey Company (NYSE: HSY) is expected to report its third-quarter earnings on Oct 28. Walmart Inc. (NYSE: WMT) will .....
Are you an ETF fan? Here’re five rising retail ETFs to explore in Q4
October 08, 2021 06:34 PM PDT| By Sanjeeb BaruahHighlights The SPDR S&P Retail ETF (XRT) gave around 41% return YTD. Its closing price was US$89.63 on Oct 6. The First Trust Nasdaq Retail ETF (FTXD) gave a YTD return of 20.44%, and its dividend yield is 1.03. VanEck Retail ET.....
Earnings Update: Levi Strauss’ (LEVI) net revenue jumps 41% in Q3
October 06, 2021 05:19 PM PDT| By Sanjeeb BaruahHighlights Levi Strauss & Co’s (NYSE: LEVI) adjusted net income rose to US$197 million in Q3 2021, from US$31 million in Q3, 2020. The company’s net revenue rose by 41% YoY to US$1.5 billion. The adjusted diluted EPS rose from.....
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Five eCommerce stocks to explore in September
September 03, 2021 06:32 PM PDT| By Ipsita SarkarHighlights Amazon.com, Inc’s (NASDAQ: AMZN) net sales surged 27% YoY to US$113.1 billion in Q2, FY21. The total revenue of Shopify Inc. (NYSE: SHOP) rose 57% YoY to US$1.11 billion in Q2, FY21. The net revenue of JD.com, Inc. (NASDAQ: JD.....
Retail stocks under US$100 to watch ahead of the festive season
September 02, 2021 04:07 PM PDT| By Sanjeeb BaruahHighlights Bath & Body Works, Inc. (NYSE: BBWI) reported net sales of US$1.7 billion in Q2, 2021. The Gap, Inc. (NYSE GPS) reported US$258 net income in Q2, 2021. Big Lots, Inc’s (NYSE: BIG) gross profit was US$577.8 million in Q2, 2.....
Peloton (PTON), Big Lots (BIG) stocks decline after quarterly earnings
August 27, 2021 09:58 AM PDT| By Team Kalkine MediaHighlights Net sales of Big Lots Inc. (NYSE: BIG) decreased 11.4% YoY. Peloton Interactive Inc’s (NASDAQ: PTON) revenue rose by 54% YoY. The BIG stock jumped more than 28 YTD. Stocks of Big Lots Inc. (NYSE: BIG) and Peloton Interact.....
Ulta Beauty (ULTA), Coty (COTY) stocks rally after quarterly sales jump
August 26, 2021 09:29 AM PDT| By Ipsita SarkarHighlights The net sales of Ulta Beauty, Inc. (NASDAQ: ULTA) rose 60.2% YoY. ULTA stock soared more than 38% year-to-date. The net revenue of Coty Inc. (NYSE: COTY) soared 89.6% YoY in Q2. The stocks of Ulta Beauty, Inc. (NASDAQ: ULTA) an.....
