2Q22 US Earnings Season Wrap-Up: Many Retailers Post Negative Sales Growth as Demand for Discretionary Goods Erodes

What's Inside

This report offers analysis of the second quarter of 2022 performance of Coresight 100 companies mostly based in the US. We assess the recent performance of selected retailers, brands, and e-commerce platforms in terms of revenues, earnings per share and comps, considering consensus estimates and year-over-year changes.

We discuss companies across several sectors:

• Apparel and footwear brand owners—Carter’s, Columbia Sportswear Company, Crocs, Deckers Outdoor Corporation, Gildan Activewear, Guess?, Hanesbrands, Levi Strauss & Co, PVH Corp., Ralph Lauren, Skechers U.S.A., Under Armour, and V.F. Corporation.
• Apparel specialty retailers—Academy Sports and Outdoors, American Eagle Outfitters, Dick’s Sporting Goods, Foot Locker, Gap, Lululemon Athletica and Urban Outfitters
• Off-price retailers—Burlington Stores, Ross Stores and The TJX Companies
• Beauty brands and retailers—Bath & Body Works, Coty, Estée Lauder, L’Oréal S.A and Ulta Beauty
• CPG companies—Clorox Company, Colgate-Palmolive Company, Herbalife Nutrition, Kimberly-Clark Corporation and Procter & Gamble Company
• Department stores—Kohl’s, Macy’s and Nordstrom
• E-commerce platforms—Alibaba, Amazon, JD.com and Qurate Retail
• Electronics retailers—Best Buy
• Food, drug and mass retailers (discount stores)—Big Lots, Dollar General, Dollar Tree and Five Below
• Food, drug and mass retailers (drugstores)—CVS Health and Walgreens Boots Alliance
• Food, drug and mass retailers (food retailers)—Albertsons Companies, Kroger, Sprouts Farmers Market and Weis Market
• Food, drug and mass retailers (mass merchandisers)—Target and Walmart
• Food, drug and mass retailers (warehouse clubs)—BJ’s Wholesale Club
• Home and home-improvement retailers—Floor & Decor Holdings, The Home Depot, Lowe’s, RH, Tractor Supply Company, Wayfair and Williams-Sonoma
• Jewelry Retailers—Signet Jewelers Limited
• Luxury companies—Capri Holdings and Tapestry
• Pet care retailers—Petco Health and Wellness Company

Click here to read the 1Q22 US Earnings Season Wrap-Up