S&P 500 Earnings Preview – Retailers Continue to Headline a Busy WeeksTiffany’s releases earnings on Friday
There is a mix of earnings releases next week, which continue to include some of the retailers which have proven to perform well despite the quarantine. Some of the discount giants such as Dollar Tree, Dollar General and Big Lots knocked the cover off the ball.
Autohome (ATHM) is expected to release earnings before the opening bell. Expectations are for the company to earn $0.75 per share on $216.89 million in revenue.
Build-a-Bear (BBW), this retailer generally generates revenue when there is mall traffic. Earnings forecasts continue to slide.
Dick’s Sporting Goods (DKS), sporting goods have been left behind as families focus on essentials. The relaxation of restriction should begin to help revenues at Dick’s.
Lands End (LE) Land’s End filed for Bankruptcy and is expected to provide weak earnings.
Canada Goose (GOOS) will likely provide earnings that are in line with some of the revised downward earnings forecasts.
Express (EXPR) This retailer also benefits from Mall traffic which has declined but will rebound with the relaxation of restrictions.
Kirkland Brand (KIRK) is a discounter and probably performed better than expected.
Tiffany and Company (TIF), this retailer should have experienced tough times during the quarantine but should rebound sharply as restrictions get lifted.