Retail’s Earnings Are Here. What to Expect.

With Valentine’s Day candy already marked down to get it off the shelves, the December holiday season feels like a faint memory.

By all accounts, the 2023 holiday season went better than most retailers and analysts feared. Retail sales were a little less than 4% higher than a year earlier for November and December. And while that marks a deceleration from the past three post-pandemic holiday seasons, it was still on the higher end of most industry watchers’ forecasts.

Tarlowe believes value-oriented companies, such as Walmart, TJX Cos. and Burlington Stores, are likely to post strong results as people looked to stretch their budgets over the holidays. Companies catering to higher-income customers whose brands are doing well—think Abercrombie and Lululemon—are also well positioned, analysts say.

“More often than not, guidance for the next year overshadows the 4th quarter reports,” wrote D.A. Davidson analyst Michael Baker.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Futures subdued amid earnings deluge; Snap tumbles after revenue missFutures subdued amid earnings deluge; Snap tumbles after revenue miss
Source: Investingcom - 🏆 450. / 53 Read more »

European markets slightly higher ahead of a slew of earnings; Maersk down 16%Europe markets opened slightly higher as investors focus on a slew of earnings set to come from Unilever, Societe Generale, Maersk, Siemens and Adyen.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks open mixed amid earnings deluge, revised inflation dataStocks open mixed amid earnings deluge, revised inflation data
Source: Investingcom - 🏆 450. / 53 Read more »

L'Oréal (OR) Q4 Earnings 2023: Revenues Rise 2.8 PercentL'Oréal (OR) earnings are in: sales rise 2.8 percent, bolstered by business from the Dermatological Beauty division and emerging markets.
Source: wwd - 🏆 24. / 68 Read more »

U.S. stocks muted with key inflation reading, earnings ahead this weekU.S. stocks muted with key inflation reading, earnings ahead this week
Source: Investingcom - 🏆 450. / 53 Read more »

European markets retreat with earnings, U.S. inflation in focusEuropean markets were lower on Tuesday as investors assessed incoming corporate earnings reports and awaited a key U.S. inflation print.
Source: CNBC - 🏆 12. / 72 Read more »