Five retail and consumer stocks to watch
The coming week will usher in earnings from a variety of businesses that we know and use daily. According to my timeline, tech will see a huge week as companies like PayPal, Alphabet, Spotify, Meta, Snap and Pinterest report. 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 expected to report earnings and some insight into C-Suite’s performance and sentiment since they last reported earnings.
J&J Snack Foods-Monday after markets close
Shares closed down 1.02% on Friday in the supplier of well-known and loved snacks such as ice cream, soft pretzels and other frozen treats and baked goods. The company recently reported a lack of EPS and lower revenue in November. On his November earnings call, CEO Dan Fachner said, “We are pleased with the strong year-end and the positive trends we are seeing across our business, including exceeding sales levels pre-COVID in the fourth quarter. This was accomplished despite an incredibly challenging operating environment due to rising costs in the supply chain, including raw materials, logistics and wages.
Starbucks-Tuesday after markets close
The cafe chain recently reported an online EPS and loss of revenue in November. Shares closed up 1.98% on Friday and on his November earnings call, CEO Kevin Johnson said, “Today’s results demonstrate that despite the pandemic, the growth model at Starbucks’ long-term double-digit scale remains solidly intact. Today’s results also underscore the passion and dedication of our more than 400,000 Starbucks Green Apron Partners, who serve nearly 100 million customer occasions worldwide each week. And I’m honored by our partners’ commitment to each other and to our customers as we continue to navigate through the pandemic. »
Capri Holdings-Wednesday before opening
This luxury fashion brand that is home to icons like Versace, Michael Kors and Jimmy Choo recently announced a beaten EPS and earnings in November. Shares closed up 2.28% on Friday and on his November earnings call, Chairman and CEO John Idol said: “During this period, we have continued to see revenue growth and expansion of margins above our expectations, reflecting the successful execution of our strategic growth initiatives. We are extremely optimistic about our future growth potential and believe the business is emerging from the pandemic stronger than ever. The success of Capri Holdings is a testament to the strength of our brands, as well as the dedication, resilience and agility of our entire team around the world.
Estée Lauder—Thursday before opening
The iconic maker of beauty, fragrance, haircare and skincare products recently announced EPS and November sales. Shares closed 1.88% higher on Friday and on that earnings call, CEO Fabrizion Freda said, “Our multiple growth strategy drivers have allowed us to excel in an environment of continued volatility and variability. of the pandemic. Organic sales increased 18% and adjusted diluted earnings per share increased even more than 31%. Encouragingly, compared to the pre-pandemic first quarter of fiscal 2020, our business is 13% higher on a reported basis and more profitable. We achieved these exceptional results with increasingly diversified growth engines as we had anticipated, thanks to our dynamic strategy, we were able to act locally in the complexity of the pandemic to both create and capture demand. Growth drivers in Makeup, Western Developed Markets and Brick-and-mortar came together and complemented momentum in Skincare, Fragrance, Mainland China, Asia-Pacific Travel Retail and global online. 13 brands contributed to double-digit organic sales growth, demonstrating the breadth of our portfolio’s strengths.
Friday – Royal Caribbean Cruises
The holiday giant is one of many to have weathered a particularly difficult pandemic season. Shares closed nearly 2% on Friday and the company recently reported both EPS and a shortfall in November. On the call, CEO Richard Fain said, “The way forward looks clear and very positive for our business and for our industry. For some time we have said that we hope to take advantage of the special features of cruising and make cruising one of the safest places in the world to spend your vacation. The numbers are coming in now and our goal seems to be validated. Our strategy has been to spin the wheel. For over 18 months, our customers have had to deal with cancellations, interruptions, confusing rules and changing protocols. These constant changes have added uncertainty.