Retail

Why are Kroger (KR), Lowe’s (LOW) stocks trending Tuesday?

August 18, 2021 07:53 AM AEST| By Team Kalkine Media

Highlights The Kroger Co.’s (NYSE: KR) shares gained 4.48% in intraday trading. Shares of Lowe’s Companies Inc. (NYSE: LOW) tumbled 5.22% on Tuesday. Lowe’s total sales in the first quarter of 2021 were US$24.4 billion. .....

Earnings Alert: Walmart (WMT), Home Depot (HD) revenue up in Q2

August 18, 2021 12:41 AM AEST| By Team Kalkine Media

Highlights Walmart’s (NYSE: WMT) revenue surged 2.4 percent YoY to US$141 billion in Q2, while its operating income rose by 20.4 percent. Home Depot (NYSE: HD) saw strong sales of US$41.1 billion in Q2, up 8.1 percent YoY. Its net earning.....

Five interesting e-commerce stocks to watch post-covid

July 23, 2021 06:16 AM AEST| By Team Kalkine Media

Summary Chewy, Inc. (CHWY) has a forward P/E one-year ratio of 693.33. Its stock rose 71% in one year. Revolve Group’s (VLV) P/E ratio is 66.23. The stock increased by 327% in one year. Liquidity Services (LQDT) has a P/E ratio.....

Seven hot retail stocks to explore

July 15, 2021 04:53 AM AEST| By Team Kalkine Media

Summary Dollar General Corporation (NYSE: DG) reported net sales of US$8.4 billion in Q1, 2021. Big Lots, Inc. (NYSE: BIG) reported a net income of US$94.6 million or US$2.62 per diluted share in Q1, 2021. Ross Stores, Inc (Nasdaq: ROST) paid .....

Levi Strauss (NYSE: LEVI) stock pops on FY’21 outlook, Q2 profit

July 10, 2021 12:28 AM AEST| By Kiran Murali

Levi Strauss & Co. (NYSE: LEVI) saw its stock jump 5 percent when the market opened on Friday as the company raised its fiscal 2021 outlook following a strong performance in its fiscal second quarter. The San Francisco-based apparel retailer s.....

Newegg Commerce stock (NEGG) doubles on PC assembly service

July 08, 2021 04:32 AM AEST| By Kiran Murali

Summary The California-based online electronics retailer’s stock (NASDAQ: NEGG) more than doubled on Wednesday’s trading. Newegg Commerce said it started a build-to-order offering, which provides professional assembly service of per.....

Walgreens (WBA) stock drops despite Q3 profit, improved FY’21 outlook

July 02, 2021 01:07 AM AEST| By Kiran Murali

Summary Walgreens stock plunged over 7 percent on Thursday morning. The pharmacy chain anticipates fiscal 2021 adjusted EPS to grow around 10%. Walgreens’ fiscal third quarter sales increased 10.4 percent to US$34.0 billion. Walgree.....

Warby Parker IPO: Eyewear company files for confidential US listing

June 24, 2021 05:32 AM AEST| By Team Kalkine Media

Eyewear retailer Warby Parker has confidentially filed for stock market listing with the Securities and Exchange Commission on June 22, the company said. The prescription eyewear company was founded in 2010. Wharton University graduates Jeffrey Ra.....

10 retail stocks to explore as economy improves

June 15, 2021 05:16 AM AEST| By Team Kalkine Media

Summary In Q1 of 2021, Big Lots’ net income was US$94.6 million or US$2.62 per diluted share. In the same period last year, its net income was US$49.3 million. Ulta Beauty’s net sales were US$1.9 billion, up 65.9% YoY, and net incom.....

Strong Q1 Results, Improved Outlook Boost Signet, RH Stocks

June 11, 2021 08:42 AM AEST| By Kiran Murali

Stocks of Signet Jewelers Limited (NYSE:SIG) and RH (NYSE: RH) rallied as much as 22 percent and 16 percent respectively on Thursday’s trading after the companies reported their first-quarter results that exceeded their estimates. Jewelry re.....

Costco Stock Declines As Company Flags Inflationary Pressures

May 29, 2021 01:36 PM AEST| By Kiran Murali

Summary Costco is facing inflationary pressures, including higher labor, freight costs, and higher transportation demand. Fiscal Q3 comparable sales climbed 20.6 percent, e-commerce sales up 41.2 percent. Costco Wholesale Corporation (NASD.....

Trending Retail Stocks: Dick’s Sporting, Urban Outfitters, Nordstrom

May 27, 2021 09:57 AM AEST| By Kiran Murali

Summary DICK’s Sporting raised its revenue, earnings outlook for fiscal 2021. Urban Outfitters’ comparable retail segment sales grow 51 percent in Q1. Nordstrom’s Q1 net sales jumped 44 percent year over year. Stocks of .....

How Bernard Arnault Trumped Jeff Bezos To Be World’s Richest Person?

May 27, 2021 05:52 AM AEST| By Team Kalkine Media

Bernard Arnault, the chairman of one of the world’s most famous luxury brands Louis Vuitton (EPA: MC), overtook Amazon founder Jeff Bezos as the world’s richest person this week. The French business tycoon’s fortunes skyrocketed .....

BJ's Wholesale Stock Drops After Poor Earnings Report

May 21, 2021 12:52 PM AEST| By Team Kalkine Media

Summary Sales, excluding gasoline, increased marginally by 0.3% in Q1, compared to the year-ago period. The retailer has a strong presence on the US eastern coast; it currently has 221 clubs and 151 BJ's gas stations in 17 states. Gross profit.....

Kohl’s Stock Plunges Despite Improved Forecast

May 21, 2021 09:58 AM AEST| By Team Kalkine Media

Summary Kohl’s revenue soared 60.1 percent year-over-year in the first quarter. The retailer posted income of US$14 million, or 9 cents per share. Kohl’s stock surged 47 percent YTD. Kohl’s Corporation (NYSE:KSS) stock p.....

Target’s Stock Up 4% On Strong Q1 Earnings

May 20, 2021 04:17 AM AEST| By Kiran Murali

The stock of Target Corporation (NYSE: TGT) rose over 4 percent on Wednesday morning, May 19, after the retailer posted a 639 percent year-over-year growth in its fiscal first-quarter earnings. The Minneapolis-based general merchandise retailer re.....