To date, 159 of the 195 companies in our Retail/Restaurant Index have reported their EPS results for Q4 2024, representing 82% of the index. Of those companies that have reported their quarterly results, 74% announced profits that beat analysts’ expectations, while 7% delivered on-target results and 19% reported earnings that fell below estimates. The Q4 2024 blended earnings growth estimate now stands at 14.6%. The blended revenue growth estimate for the 159 companies in this index is 4.1% for Q4 2024. Of those companies that have reported their quarterly results so far, 70% announced revenue that exceeded analysts’ expectations and

To date, 182 of the 194 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2024, representing 94% of the index. Of those companies that have reported their quarterly results, 62% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 34% reported earnings that fell below estimates. The Q3 2024 blended earnings growth estimate now stands at 7.3%. The blended revenue growth estimate for the 194 companies in this index is 3.7% for Q3 2024. Of those companies that have reported their quarterly results so far, 53% announced revenue that exceeded analysts’ expectations and

To date, 157 of the 194 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2024, representing 78% of the index. Of those companies that have reported their quarterly results, 64% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 32% reported earnings that fell below estimates. The Q3 2024 blended earnings growth estimate now stands at 7.4%. The blended revenue growth estimate for the 194 companies in this index is 3.7% for Q3 2024. Of those companies that have reported their quarterly results so far, 53% announced revenue that exceeded analysts’ expectations and

To date, 147 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 73% of the index. Of those companies that have reported their quarterly results, 74% announced profits that beat analysts’ expectations, while 1% delivered on-target results and 25% reported earnings that fell below estimates. The Q1 2024 blended earnings growth estimate now stands at 21.8%. The blended revenue growth estimate for the 201 companies in this index is 3.9% for Q1 2024. Of those companies that have reported their quarterly results so far, 51% announced revenue that exceeded analysts’ expectations and

To date, 140 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q4 2023, representing 68% of the index. Of those companies that have reported their quarterly results, 68% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 28% reported earnings that fell below estimates. The Q4 2023 blended earnings growth estimate now stands at 34.4%. The blended revenue growth estimate for the 204 companies in this index is 4.5% for Q4 2023. Of those companies that have reported their quarterly results so far, 56% announced revenue that exceeded analysts’ expectations and

To date, 153 of the 205 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2023, representing 75% of the index. Of those companies that have reported their quarterly results, 68% announced profits that beat analysts’ expectations, while 5% delivered on-target results and 27% reported earnings that fell below estimates. The Q3 2023 blended earnings growth estimate now stands at 26.9%. The blended revenue growth estimate for the 205 companies in this index is 4.2% for Q3 2023. Of those companies that have reported their quarterly results so far, 59% announced revenue that exceeded analysts’ expectations and

To date, 172 of the 199 companies in our Retail/Restaurant Index have reported their EPS results for Q2 2023, representing 86% of the index. Of those companies that have reported their quarterly results, 78% announced profits that beat analysts’ expectations, while 5% delivered on-target results and 17% reported earnings that fell below estimates. The Q2 2023 blended earnings growth estimate now stands at 19.9%. The blended revenue growth estimate for the 199 companies in this index is 3.3% for Q2 2023. Of those companies that have reported their quarterly results so far, 62% announced revenue that exceeded analysts’ expectations and

To date, 188 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 92% of the index. Of those companies that have reported their quarterly results, 76% announced profits that beat analysts’ expectations, while 2% delivered on-target results and 22% reported earnings that fell below estimates. The Q1 2023 blended earnings growth estimate now stands at 33.3%. The blended revenue growth estimate for the 204 companies in this index is 4.5% for Q1 2023. Of those companies that have reported their quarterly results so far, 71% announced revenue that exceeded analysts’ expectations and

To date, 180 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 88% of the index. Of those companies that have reported their quarterly results, 76% announced profits that beat analysts’ expectations, while 2% delivered on-target results and 22% reported earnings that fell below estimates. The Q1 2023 blended earnings growth estimate now stands at 33.3%. The blended revenue growth estimate for the 204 companies in this index is 4.6% for Q1 2023. Of those companies that have reported their quarterly results so far, 73% announced revenue that exceeded analysts’ expectations and

To date, 158 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2022, representing 78% of the index. Of those companies that have reported their quarterly results so far, 69% announced that profits beat analysts’ expectations, while 1% delivered on-target results and 30% reported earnings that fell below estimates. The Q3 2022 blended earnings growth estimate now stands at 3.0%. The blended revenue growth estimate for the 204 companies in this index is 9.1% for Q3 2022. Of those companies that have reported their quarterly results so far, 64% announced revenue that exceeded analysts’

Seventy-nine percent of companies in our Retail/Restaurant Index have reported Q3 2021 EPS. Of the 160 companies in the index that have reported earnings to date, 78% have reported earnings above analyst expectations, 1% matched and 21% reported earnings below analyst expectations. The Q3 2021 blended earnings growth estimate is 14.7%. The Q3 2021 blended revenue growth estimate is 14.7%. Sixty-seven percent have reported revenue above analyst expectations, and 33% reported revenue below analyst expectations. EXHIBIT 1: Refinitiv Earnings Dashboard Source: I/B/E/S data from Refinitiv Retail earnings As predicted by our StarMine data, Macy’s, Kohl’s, Bath & Body Works all

Today, the Wall Street Journal announced that Amazon plans to open “Large Retail Locations Akin to Department Stores” (Source: WSJ, Aug. 19, 2021). This news comes at the heels of the latest e-commerce report from the Census Bureau posting record sales of $225 billion in the second quarter of 2021. This represents a  9.1% growth from a year-ago – which is a deceleration from the 30%+ growth we’ve been seeing over the past year (Exhibit 1). The 9.1% e-commerce growth is also the smallest growth seen in over a decade. Still, the Refinitiv IFR data suggest that the amount of