US Inflation, Retail Sales, Oracle and Adobe Earnings: What to Know This Week

Dow Jones03-11

Retail will be in focus this week, as retailers continue to report quarterly results and the federal government releases key retail data.

Dollar Tree and Williams-Sonoma report results on Wednesday, while Dick’s Sporting Goods, Dollar General, and Ulta Beauty report on Thursday.

Investors will get another check on inflation with the release of the Consumer Price Index on Tuesday.

There will also be a smattering of tech earnings reports, including Oracle on Monday and Adobe on Thursday.

Monday 3/11

Casey’s General Stores and Oracle report quarterly results.

Tuesday 3/12

Archer-Daniels-Midland and On Holding release earnings.

The Bureau of Labor Statistics releases the consumer price index for February. Consensus estimate is for a 3.1% year-over-year increase, matching the January figure. The core CPI, which excludes volatile food and energy prices, is expected to rise 3.7%, two-tenths of a percentage point less than previously. The annual change in the core CPI is at its lowest level since May of 2021.

The National Federation of Independent Business releases its Small Business Optimism Index for February. The consensus call is for a 90.6 reading, slightly higher than the January data.

Wednesday 3/13

Dollar Tree, Lennar, and Williams-Sonoma announce quarterly results.

Thursday 3/14

Adobe, Dick’s Sporting Goods, Dollar General, and Ulta Beauty release earnings.

The Census Bureau reports retail sales data for February. Economists forecast spending on retail and food services to increase 0.7% month over month, after declining 0.8% previously.

The BLS releases the producer price index for February. Expectations are for the PPI to increase 1.2% year over year, while the core PPI is seen rising 1.9%. This compares with gains of 0.9% and 2%, respectively, in January.

Friday 3/15

Jabil reports second-quarter fiscal 2024 results.

The University of Michigan releases its Consumer Sentiment index for March. In February consumers’ expectations of the year-ahead inflation was 3.0%, close to a three-year low, suggesting inflation expectations are well anchored.

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