The Week Ahead In Earnings: Five Retail & Consumer Stocks To Watch
The wall Street street sign is seen on March 23, 2020 in New York City. – Wall Street fell early … [+]
The coming week will usher in earnings from a variety of companies we know and use daily. According to my calendar, tech will see a huge week as companies like PayPal, Alphabet, Spotify, Meta, Snap, and Pinterest will report in. Pharma and bioscience will also see legacy names like Gilead, McKesson, Boston Scientific, Lilly, Merck, and Cigna reveal their earnings and news.
Here are some retail and consumer stocks that are expected to release their earnings and a little bit of info about performance and C-Suite sentiment from the last time they reported earnings.
J&J Snack Foods-Monday after markets close
Shares closed down 1.02% on Friday at the provider of well-known and loved snacks such as icees, soft pretzels, and other frozen treats and baked goods. The company most recently reported an EPS miss and a revenue beat in November. On its November earnings call, CEO Dan Fachner said, We are pleased with the strong finish to the year and the positive trends we see across our business, including exceeding pre-COVID sales levels in the fourth quarter. This was accomplished despite an incredibly challenging operating environment due to the rising costs across supply chain, including commodities, logistics and wages.”
Starbucks-Tuesday after markets close
The coffee shop chain most recently reported in-line EPS and a revenue miss in November. Shares closed up 1.98% on Friday and on its November earnings call, CEO Kevin Johnson said, “Today’s results demonstrate that despite the pandemic, Starbucks’ long-term double-digit growth-at-scale model remains solidly intact. Today’s results also underscore the passion and dedication of our over 400,000 Starbucks Green Apron partners, who serve nearly 100 million customer occasions around the world every week. And I’m humbled by our partners commitment to each other and to our customers as we continue to navigate through the pandemic.”
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Capri Holdings-Wednesday before the open
This luxury fashion brand that is home to icons like Versace, Michael Kors, and Jimmy Choo most recently reported an EPS and revenue beat in November. Shares closed up 2.28% on Friday and on its November earnings call, Chairman and CEO John Idol said, “During this time, we have continued to see revenue growth and margin expansion above our expectations, reflecting the successful execution of our strategic growth initiatives. We are extremely optimistic about our future growth potential and believe the company is emerging from the pandemic stronger than ever. Capri Holdings success is a testament to the strength of our brands, as well as the dedication, resilience and agility of our entire team across the globe.”
Estee Lauder—Thursday before the open
The iconic maker of beauty, fragrance, and hair and skincare products most recently reported an EPS and revenue beat in November. Shares closed up 1.88% on Friday and on that earnings call, CEO Fabrizion Freda said, “Our multiple engines of growth strategy enabled us to excel amid continued volatility and variability from the pandemic. Organic sales rose 18% and adjusted diluted earnings per share grew an even stronger 31%. Encouragingly, relatively to the pre -pandemic first quarter of fiscal year 2020, our business is 13% larger on a reported basis and more profitable. We achieved these outstanding results with increasingly diverse growth engines as we expected, by virtue of our dynamics strategy we could act locally amid the complexity of the pandemic to both create and capture demand. The growth engines of makeup, developed markets in the West and Brick-and-mortar reunited and complemented momentum in skincare, fragrance, Mainland China, travel retail in Asia-Pacific and global online. 13 brands contributed double-digit organic sales growth, demonstrating the breadth of strengths across our portfolio.”
Friday-Royal Caribbean Cruises
The vacation giant is one of many who’ve weathered a particularly difficult pandemic season. Shares closed down by nearly 2% on Friday and the company most recently reported both an EPS and revenue miss in November. On that call, CEO Richard Fain said, “the path forward appears clear and very positive for our Company and for our industry. For some time now we have said that we hope to take advantage of the special features of cruising and make cruising one of the safest places on earth to spend your vacation. The numbers are now coming in and our objective appears to be validated. Our strategy has been to get the flywheel spinning. For over 18 months, our guests have had to deal with cancellations, interruptions, confusing rules, and changing protocols. These constant changes have added uncertainty.”
