The Retail Earnings Parade for Q3 Begins just as Holiday Shopping Season Commences

GuruFocus.com11-18

The Q3 earnings season is coming to a close in its usual fashion, with a word from retailers. With 93% of S&P 500 companies reporting at this point, YoY S&P 500 EPS growth has settled around 5.4%, ...

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With 93% of S&P 500 companies reporting at this point, YoY S&P 500 EPS growth has settled around 5.4%, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/retail-earnings-parade-q3-begins-145247433.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Retail Earnings Parade for Q3 Begins just as Holiday Shopping Season Commences</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Retail Earnings Parade for Q3 Begins just as Holiday Shopping Season Commences\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 22:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/retail-earnings-parade-q3-begins-145247433.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Q3 earnings season is coming to a close in its usual fashion, with a word from retailers. With 93% of S&P 500 companies reporting at this point, YoY S&P 500 EPS growth has settled around 5.4%, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/retail-earnings-parade-q3-begins-145247433.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://finance.yahoo.com/news/retail-earnings-parade-q3-begins-145247433.html","article_id":"2484367119","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/eDPZbp7glI7Lo0wWSdugrA--~B/aD0zNjY7dz01NTA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/bff6f126568070bbec36831c3b09686c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484367119","pubTimestamp":1731941567,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Q3 earnings season is coming to a close in its usual fashion, with a word from retailers. With 93% of S&P 500 companies reporting at this point, YoY S&P 500 EPS growth has settled around 5.4%, while revenue growth increased 5.5% for the quarter.[1]The retailers will offer some much needed insight on the state of the US consumer when they report this week. While consumers have remained relatively resilient in the face of inflation over the last year, uncertainty still abounds, and a more cautious consumer has been noted by certain companies. Last week the retail party started with results from Home Depot and Dillard's.Event Cluster for NvidiaThis week also brings highly-anticipated results from Nvidia. The AI darling will report Q3 results. The stock has rallied 205% YTD on the back of AI demand. Last month Nvidia CEO Jensen Huang told CNBC that its Blackwell chip is in full production and that demand was insane.[9]Along with its upcoming earnings call, we've noticed Nvidia particip","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达","URBN":"都市服饰","SNOW":"Snowflake","DIS":"迪士尼"},"translate_title":"第三季度零售盈利游行随着假日购物季的开始而开始","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DIS":0.9,"NVDA":0.9,"SNOW":0.9,"URBN":0.9},"content_text":"The Q3 earnings season is coming to a close in its usual fashion, with a word from retailers. With 93% of S&P 500 companies reporting at this point, YoY S&P 500 EPS growth has settled around 5.4%, while revenue growth increased 5.5% for the quarter.[1]The retailers will offer some much needed insight on the state of the US consumer when they report this week. While consumers have remained relatively resilient in the face of inflation over the last year, uncertainty still abounds, and a more cautious consumer has been noted by certain companies. Last week the retail party started with results from Home Depot and Dillard's.\n\nWarning! GuruFocus has detected 5 Warning Signs with NVDA.\nHome Depot beat expectations on both the top and bottom-line for Q3, but noted customers were deferring big ticket projects.[2] Department store, Dillard's, was also able to beat analyst expectations on EPS and revenues, but reported YoY declines for both metrics. Same store sales were also down 4% from the year-ago quarter.[3]A slightly more positive look at consumer spending came from Disney's Q3 report. The media giant's entertainment segment came in with revenue growth that increased 14% YoY.[4] This segment includes traditional TV networks, direct-to-consumer streaming and films, showing consumers are willing to spend on entertainment. Even Disney's experiences segment which includes theme parks and consumer products saw 1% revenue growth after posting a downturn last quarter.[5]One big detriment to the retail industry has of course been inflation, and while it has improved it remains stubborn as seen in last week's CPI figures for October. The 12-month inflation rate moved up to 2.6%, from 2.4% in September.[6] A major contributor to this increase was sticky shelter prices which continued higher.Another potential area of concern for retailers is the proposed tariff policies by President Elect Donald Trump. The proposal includes a universal 10 - 20% tariff on imports from all foreign countries and an additional 60 - 100% on imports specifically from China.[7] The National Retail Federation recently reported that such tariff proposals could cost American consumers up to $78B in annual spending power. NRF Vice President of Supply Chain and Customs Policy, Jonathan Gold said This tax ultimately comes out of consumers' pockets through higher prices.[8] On this week's earnings calls we'll likely hear retailers' plans on how they may deal with these potential tariffs.\nEvent Cluster for NvidiaThis week also brings highly-anticipated results from Nvidia. The AI darling will report Q3 results \non Wednesday, Nov 20.? The stock has rallied 205% YTD on the back of AI demand. Last month Nvidia CEO Jensen Huang told CNBC that its Blackwell chip is in full production and that demand was insane.[9]Along with its upcoming earnings call, we've noticed Nvidia participating in a lot of prominent tech conferences in the last month, continuing to establish itself as a leader in the AI space. Wall Street Horizon has found that while a standalone event such as a company's upcoming earnings release date may affect volatility, investigating multiple events closely in relationship to one another can give a more complete picture of a company's financial health. Observing the information pre-event, during the event and post-event and how they interact can be critical to understand how events relate to trading and risk strategies. Just this month alone leaders at NVDA have spoken at six conferences, with two more slated for November 20.\n\nSource: Event Dates from Wall Street Horizon, Stock Prices from TMX Money\nOutlier Earnings Dates for the Rest of the Q3 SeasonAcademic research shows that when a company confirms a quarterly earnings date that is later than when they have historically reported, it's typically a sign that the company will share bad news on their upcoming call, while moving a release date earlier suggests the opposite.[10]In the next two weeks we get results from a handful of companies that have pushed their Q3 2024 earnings dates outside of their historical norms. Three companies of note are Snowflake (\nNYSE:SNOW), Bath & Body Works (\nNYSE:BBWI) and Urban Outfitters (\nNASDAQ:URBN). While Snowflake has pulled its earnings date forward, BBWI and URBN have later than usual and therefore have negative DateBreaks Factors*.\n* \nWall Street Horizon DateBreaks Factor: statistical measurement of how an earnings date (confirmed or revised) compares to the reporting company's 5-year trend for the same quarter. Negative means the earnings date is confirmed to be later than historical average while Positive is earlier.\n\nSnowflakeCompany Confirmed Report Date: November 20, AMCProjected Report Date (based on historical data): Wednesday, November 27, AMCDateBreaks Factor: 3*Snowflake is set to report Q3 2024 results on Wednesday November 20, a full week earlier than expected. SNOW has always reported on a Wednesday since its 2020 IPO, and is continuing with that trend. However, the cloud-based data storage company typically reports Q3 during the 48th or 49th week of the year, this year they have moved much earlier into the 47th week of the year. \nBath & Body WorksCompany Confirmed Report Date: November 25, AMCProjected Report Date (based on historical data): Wednesday, November 20, AMCDateBreaks Factor: -3*Bath & Body Works is set to report Q3 2024 results on Monday, November 25, five days later than expected. This is the latest the retailer has reported Q3 results in at least the last ten years, and the first time they've reported in the 48th week of the year, typically announcing results in the 46th or 47th week of the year.\nUrban OutfittersCompany Confirmed Report Date: November 26, AMCProjected Report Date (based on historical data): Tuesday, November 19, AMCDateBreaks Factor: -3*Urban Outfitters is set to report Q3 2024 results on Tuesday, November 26, one week later than expected. This move pushes the report into the 48th week of the year after reporting in the 47th week last year. This also denotes the latest Q3 earnings date for URBN in at least the last ten years. \nOn Deck This Week This week all eyes will be on major retail reports, including results from Walmart and Lowe's on Tuesday and Target and TJX Companies on Wednesday, as well as Nvidia's much-awaited Q3 report also out on Tuesday.\n\nSource: Wall Street Horizon\nQ3 Earnings WavePeak earnings season has concluded for Q3 2024, with 78% of companies having reported earnings (out of our universe of 11,000+ global names). The Q4 2024 earnings season will kick off on January 10 when big US banks begin to report.\n\nSource: Wall Street Horizon\n1 Earnings Insight, FactSet, John Butters, November 15, 2024, https://advantage.factset.com\n2 The Home Depot Announces Third Quarter Fiscal 2024 Results; Updates Fiscal 2024 Guidance, November 12, 2024, https://ir.homedepot.com/\n3 Dillard's, Inc. Reports Third Quarter and Year-to-Date Results, November 14, 2024, https://investor.dillards.com\n4 The Walt Disney Company Reports Fourth Quarter and Full Year Earnings for Fiscal 2024, November 14, https://thewaltdisneycompany.com\n5 The Walt Disney Company Reports Fourth Quarter and Full Year Earnings for Fiscal 2024, November 14, https://thewaltdisneycompany.com\n6 Consumer Price Index Summary, U.S. Bureau of Labor Statistics, November 13, 2024,?[www.bls.gov]\n7 Trump's tariff plan: Why he's pushing for them, and how they might end up raising prices, CNBC, Ryan Ermey, November 7, 2024, https://www.cnbc.com\n8 Trump Tariff Proposals Could Cost Americans $78 billion in Annual Spending Power, National Retail Federation, November 4, 2024, https://nrf.com\n9 Nvidia CEO Jensen Huang says demand for next-generation Blackwell AI chip is insane', CNBC, CJ Haddad, October 3, 2024,https://www.cnbc.com\n?10 Time Will Tell: Information in the Timing of Scheduled Earnings News, Journal of Financial and Quantitative Analysis, Eric C. So, Travis L. Johnson, Dec, 2018, https://papers.ssrn.com\nCopyright 2024 Wall Street Horizon, Inc. All rights reserved. Do not copy, distribute, sell or modify this document without Wall Street Horizon's prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities, including any listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, and TSX Venture Exchange are the trademarks of TSX Inc. and are used under license. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484367119"}