What's Inside

Our weekly Earnings Insights reports feature highlights from recent management commentary from major US retailers within our Coresight 100 coverage list as they report first-quarter 2024 earnings.

This week, there are highlights from companies that reported in the week ended May 19, 2024, across seven sectors: apparel and footwear, department stores, home and home-improvement, mass merchandisers, pet care retailers, specialty apparel and warehouse clubs.

Data in this report are:

• Quarterly data from companies, including gross margins and sales data by brand (where applicable), channel and geography

Companies mentioned in this report include: BJ Wholesale, Deckers Outdoor, Lowe’s, Macy’s, Petco Health and Wellness, Ralph Lauren, Ross Stores, Target, TJX Companies, Urban Outfitters, VF Corporation, Williams-Sonoma

Other relevant research:

• Earnings Insights 1Q24, Week 4: Alibaba and Walmart Report Sales Increases; The Home Depot and Under Armour See Sales Declines
• Earnings Insights 1Q24, Week 3: Crocs and Coty See Sales Growth; Floor & Decor, Tapestry and Others See Sales Decline
• Earnings Insights 1Q24, Week 2: Amazon, CVS and Estée Lauder Report Positive Sales Growth; Clorox and Wayfair Post Sales Declines
• Earnings Insights 1Q24, Week 1: L’Oréal and Skechers Report Positive Sales Growth, Columbia Sportswear and Levi’s Post Sales Declines
• 4Q23 US Earnings Season Wrap-Up: Many Companies Report Better Performances Following the Holiday Season