The end of the second quarter earnings season is here but retailers, restaurants and some technology companies are still in the pipeline. This week, many national retailers will be reporting earnings including The TJX Companies, Target and Macy’s.
How is back-to-school buying? Is the consumer still spending? Any pull-back on luxury?
Each retailer, and restaurant, will be in a slightly different niche. Target sells not only apparel and beauty but also food. Macy’s has luxury as well as shoes. Urban Outfitters is on the higher price point with its Free People brand.
And the restaurant stocks have also been hit or miss, although, CAVA Group, which went IPO last year, is one of the hottest on the Street.
Will they beat this week?
5 Must-See Earnings Charts This Week
1. The TJX Companies, Inc. (TJX) has beat 9 quarters in a row. Shares of TJX Companies are up 20.6% year-to-date and are near 5-year highs. It’s not cheap. The TJX Companies trades at 27x forward earnings. Should The TJX Companies be on your short list?
2. Target Corp. (TGT) is coming off an earnings miss last quarter. Shares of Target have struggled this year and are up just 1.3%. Target is cheap, with a forward P/E of 15.5. Is this a buying opportunity in Target?
3. Urban Outfitters, Inc. (URBN), which operates Urban Outfitters, Anthropologie and Free People, has beat 5 out of the last 6 quarters. Shares of Urban Outfitters are up 12.8% year-to-date. It’s cheap. Urban Outfitters trades with a forward P/E of just 11.4. Is this a buying opportunity in Urban Outfitters heading into the holidays?
4. Ross Stores, Inc. (ROST) has beat 8 quarters in a row and has only missed three times in the last 5 years. That’s impressive. Shares of Ross Stores are up 8.4% year-to-date. It’s not cheap. Ross Stores trades with a forward P/E of 24.7. Will Ross Stores beat again?
5. CAVA Group, Inc. (CAVA) is a Mediterranean fast casual restaurant chain that went public in 2023 and has been soaring since. Shares are up 129% year-to-date to new highs. CAVA Group has beat all 4 quarters it has been a public company. But it’s valuations are at nose bleed levels. CAVA Group trades with a forward P/E of 287. Are you placing a bet on CAVA Group this quarter?
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Free: See Our Top Stock And 4 Runners UpTarget Corporation (TGT) : Free Stock Analysis Report
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report
CAVA Group, Inc. (CAVA) : Free Stock Analysis Report
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