To date, 180 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 90% of the index. Of those companies that have reported their quarterly results, 73% announced profits that beat analysts’ expectations, while 1% delivered on-target results and 26% reported earnings that fell below estimates. The Q1 2024 blended earnings growth estimate now stands at 22.5%. The blended revenue growth estimate for the 201 companies in this index is 4.0% for Q1 2024. Of those companies that have reported their quarterly results so far, 52% announced revenue that exceeded analysts’ expectations and

Historically, Cyber Monday falls on the Monday after the Black Friday weekend. Cyber Monday discounts tend to be an extension of Black Friday deals for shoppers returning to the office after a holiday weekend, eyeing merchandise online. Like Black Friday this year, Cyber Monday deals are starting earlier in the hopes that shoppers will respond over the weekend. This comes at the heels of third-quarter earnings releases where retailers are providing cautious guidance and are warning of a price-sensitive consumer. So, will the promotions be enough to entice shoppers to open their wallets? LSEG holiday sales forecast Spending for the

Amazon is back with its second Prime event this year, and retailers are ready to ride the coattails of Prime Day, part 2, with their own sales again. The first event last July offered steep promotions to lure shoppers, which helped July U.S. retail sales post one of the strongest showings this year. In the current environment, consumers remain cautious and are trading down. As a result, retailers are betting that heavy promotions will entice shoppers to open up their wallets, especially since consumers have become value-oriented. E-commerce growth comparison Amazon’s second Prime Day takes place on October 10-11, the

It’s Amazon Prime Week, and every year retailers ride the coattails of Prime Week with their own sales. During the last earnings season, most retailers agreed that consumers are cautious and are trading down. Therefore, this Prime Week, retailers are betting that heavy promotions will entice shoppers to open up their wallets, especially since consumers have become value oriented. There is no doubt consumers will be doing online price comparison this week and other retailers are hoping to capitalize on this phenomenon by offering steep discounts. Rising online discounts Amazon will offer these deals primarily online and only to its

The first month of 2023 (and the last month of the retail industry’s Q4 2022) saw America’s largest party supply store file for Chapter 11 bankruptcy, a move that the StarMine credit models had predicted about a year ago. The rise in inflation has caused consumers to hold back on discretionary spending. The latest Refinitiv consumer confidence reading also indicates that consumers are concerned about their purchasing power, job security and future expectations. All of this is affecting consumers’ willingness to open up their wallets and hurting retail sales. According to the StarMine Combined Credit Risk (CCR) model, the most

The outlook appears mixed for certain retailers' quarterly earnings reports this week.

The Thomson Reuters Same Store Sales Index for April 2016 registered a 0.1% comp, missing its final 1.4% estimate.