Q2 Retail Earnings Preview: Walmart, Home Depot, Lowe's, Target, BJ's, Kohl's And More
q2 retail earnings preview: walmart, home depot, lowe's, target, bj's,

Q2 Retail Earnings Preview: Walmart, Home Depot, Lowe’s, Target, BJ’s, Kohl’s And More

The second-quarter reporting season is entering its final leg.

The past week’s earnings were largely skewed to the negative side. Out of the S&P 500 companies that have reported earnings thus far, roughly 62.3% have beat earnings estimates, 1.4% posted in-line results and 36.3% missed expectations, according to Benzinga Pro data.

The likes of Coinbase Global Inc. (NASDAQ: COIN), Roblox Inc. (NYSE: RBLX) and Palantir Technologies Inc. (NYSE: PLTR) all reported disappointing earnings.

Meanwhile, Disney (NYSE: DIS) supported the market with a forecast-beating quarterly performance, with strong domestic park attendance lending support.

Here are the key earnings scheduled for the unfolding week:

Retail Earnings On Tap

Retailer earnings reports help gauge the pulse of consumer spending, which is an important component of economic growth. After all, consumer spending accounts for about two-thirds of the U.S. gross domestic product (GDP).

Consumers remained cash-strapped as inflationary pressure ruled high in the second quarter and ate into nominal income. Headline inflation was hitting fresh 40-year highs in each of the three months of the quarter before cooling off in July.

Investors received a foretaste of what is to come when retail giant Walmart, Inc. (NYSE: WMT) preannounced second-quarter and full-year shortfall, citing food and fuel inflation.

Home improvement retailers such as Home Depot Inc. (NYSE: HD) could have been insulated …

Full story available on Benzinga.com

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