Retail Stocks

Thanksgiving Day: Top stocks to watch as holiday sales kickstarts

 Thanksgiving Day: Top stocks to watch as holiday sales kickstarts

Highlights The National Retail Federation expects the total sales during the US holiday season to grow between 8.5% and 10.5% YoY. Target will no longer open its stores on Thanksgiving Day. Home Depot, Inc. (NYSE: HD) announced a quarterly div...

Read More...
Why did Foot Locker (FL) stock nosedive 12% after earnings?

Why did Foot Locker (FL) stock nosedive 12% after earnings?

Shares of Foot Locker, Inc. (NYSE: FL) fell more than 12% on Friday after the company reported weak third-quarter results and voiced concerns over the continued supply chain disruptions. The FL stock plunged 12.91% to US$50.1299 in intraday tradin...

Read More...
Top e-commerce stocks to explore as consumer confidence rebounds

Top e-commerce stocks to explore as consumer confidence rebounds

Highlights Chewy, Inc. (NYSE: CHWY) sales increased over 26% YoY in Q2, FY21. Shopify Inc. (NYSE: SHOP) revenue jumped around 46% YoY in Q3, FY21. Amazon.com, Inc. (NASDAQ: AMZN) sales rose about 15% YoY in Q3, FY21. The Covid-19 pandemic...

Read More...
Walmart (WMT), Home Depot (HD) beat estimates in third quarter

Walmart (WMT), Home Depot (HD) beat estimates in third quarter

Highlights Walmart Inc.'s (NYSE: WMT) revenue increased 4.3% YoY to US$140.5 billion. It raised the full-year adjusted EPS guidance to around US$6.40. Home Depot, Inc. (NYSE: HD) reported net sales of US$36.8 billion, up 9.8% YoY in Q3, 2021. ...

Read More...
Macy's Inc Q3 earnings: What to look for

Macy's Inc Q3 earnings: What to look for

Highlights 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...

Read More...
Q3 Outlook: Walmart (WMT), Target (TGT) to report modest sales growth

Q3 Outlook: Walmart (WMT), Target (TGT) to report modest sales growth

Highlights 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...

Read More...
Home Depot (HD) Q3 earnings: EPS growth, sales, stock price outlook

Home Depot (HD) Q3 earnings: EPS growth, sales, stock price outlook

Highlights 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...

Read More...
Tyson (TSN), Oatly (OTLY) raise guidance after quarterly results

Tyson (TSN), Oatly (OTLY) raise guidance after quarterly results

Highlights 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...

Read More...
Chewy (CHWY), Etsy (ETSY) jump as consumer price hikes take hold

Chewy (CHWY), Etsy (ETSY) jump as consumer price hikes take hold

Highlights 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...

Read More...
Allbirds IPO (BIRD): Stock jumps 90% in Nasdaq debut

Allbirds IPO (BIRD): Stock jumps 90% in Nasdaq debut

Allbirds, 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...

Read More...
Estee Lauder (EL) posts net income of US$692 million in Q1

Estee Lauder (EL) posts net income of US$692 million in Q1

Highlights 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...

Read More...