RECENT Consumer Discretionary RESEARCH
TJX Companies (TJX) disappointed investors with lower-than-expected sales in fiscal 3Q18.
Advance Auto Parts (AAP) released its fiscal 3Q17 earnings on November 14. AAP’s fiscal 3Q17 adjusted earnings per share stood at $1.43, ~17.3% lower than in fiscal 3Q16.
Nordstrom’s (JWN) valuation multiple rose 2.4% on November 10, 2017, in reaction to its fiscal 3Q17 results that were announced after the close of the financial markets on November 9, 2017.
Macy’s (M) stock surged about 11% on November 9 in reaction to its fiscal 3Q17 results. However, the company’s stock continues to be in the red on a YTD (year-to-date) basis.
Lowe’s Companies (LOW) is scheduled to announce its 3Q17 earnings before the market opens on November 21. As of November 13, the company was trading at $77.53.
Last week, Ford (F), Toyota (TM), and Fiat Chrysler (FCAU) underperformed the broader market, falling 2.8%, 4.8%, and 0.9%, respectively.
As of November 10, 2017, the S&P 500 Index (15.3%) has outperformed the S&P 500 Consumer Discretionary Index (13.5%) and the S&P 500 Consumer Staples Index (5%) YTD.
Toyota Motor (TM) released its 2Q18 earnings on November 7, 2017. Its adjusted EPS was 152.87 Japanese yen, or ~$1.35. That was 19% higher than 2Q17.
Home Depot (HD), the largest home improvement retailer in the world, is scheduled to announce its 3Q17 earnings before the market opens on November 14, 2017.
KORS did better than the Wall Street expectations. EPS (earnings per share) stood at $1.33—50 cents more than the estimate—and revenues rose 5.4% YoY.
The New York–based Tapestry (TPR) reported its results for the first quarter of 2018 before the market opened on November 7. The results relate to the three-month period ended September 30.
In this series, we’ll explore key auto companies’ October 2017 US sales figures.
TJX Companies (TJX) is scheduled to announce its results for fiscal 3Q18 on November 14, 2017. The leading off-price retailer’s stock has fallen 9.5% YTD as of November 8, 2017.
Advance Auto Parts (AAP) is set to release its 3Q17 earnings on November 14. On November 7, AAP stock traded at $79.38 with a -20% return in 4Q17 quarter-to-date.
Starbucks (SBUX) announced fiscal 4Q17 earnings after the market closed on November 2, 2017. The company posted adjusted EPS (earnings per share) of $0.55 on revenues of $5.7 billion.
During the week ended November 3, Fiat Chrysler, Honda, and Ford rose 5.8%, 6.3%, and 2.5%, respectively. In contrast, General Motors and Tesla ended the week with losses of ~5.2% and 4.6%, respectively.
Ralph Lauren reported its results for 2Q18 on November 2, 2017, for the period ending September 30, 2017. It beat analysts’ top and bottom-line estimates.
JCPenney (JCP) is scheduled to announce its fiscal 3Q17 results on November 10. Analysts expect JCP’s sales to fall ~3.2% to $2.8 billion.
Shake Shack (SHAK), which posted its 3Q17 earnings results after the market closed on November 1, 2017, had adjusted EPS (earnings per share) of $0.17.
Nordstrom (JWN) is slated to announce its fiscal 3Q17 results after the markets close on November 9, 2017. JWN stock has fallen 14.3% since the company announced its fiscal 2Q17 results.