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

The latest December U.S. retail sales surprised observers as the headline index shows sales were weaker than already-weak expectations for December. U.S. retail sales fell 1.1% month over month in December, bringing the year to an end on a weak note. On a month-over-month basis, many categories struggled across the board. Shoppers spent less on vehicles, gasoline and furniture. However, on a year-over year basis, the non-store retailers and food services & drinking categories saw a whopping 13.7% and 12.1% growth, respectively. Thus, on a year-over-year basis, it’s clear that shoppers continue to spend more eating out, and when buying

To date, 179 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2022, representing 88% of the index. Of those companies that have reported their quarterly results so far, 70% announced that profits beat analysts’ expectations, while 1% delivered on-target results and 29% reported earnings that fell below estimates. The Q3 2022 blended earnings growth estimate now stands at 3.8%. The blended revenue growth estimate for the 204 companies in this index is 9.2% for Q3 2022. Of those companies that have reported their quarterly results so far, 66% announced revenue that exceeded analysts’

Ninety one percent of companies in our Retail/Restaurant Index have reported Q3 2020 EPS. Of the 187 companies in the index that have reported earnings to date, 90% have reported earnings above analyst expectations and 10% reported earnings below analyst expectations. The Q3 2020 blended earnings growth estimate is -6.8%. The Q3 2020 blended revenue growth estimate is 5.0%. Seventy-nine percent have reported revenue above analyst expectations, and 21% reported revenue below analyst expectations. Exhibit 1: Refinitiv Earnings Dashboard Source: I/B/E/S data from Refinitiv Black Friday/Cyber Monday results U.S. consumers are saying that the online shopping trend looks permanent, Refinitiv

Ninety one percent of companies in our Retail/Restaurant Index have reported Q3 2019 EPS. Of the 190 companies in the index that have reported earnings to date, 68% have reported earnings above analyst expectations, 6% reported earnings in line with analyst expectations and 26% reported earnings below analyst expectations. The Q3 2019 blended earnings growth estimate is 4.0%.  The Q3 2019 blended revenue growth estimate is 5.6%. Fifty four percent have reported revenue above analyst expectations and 46% reported revenue below analyst expectations. Exhibit 1: Refinitiv Earnings Dashboard Source: I/B/E/S data from Refinitiv Black Friday / Cyber Monday Consumers opened