Earnings Insights 1Q22, Week 4: Target and Walmart Sound Alarm Bells over Discretionary Demand; Kohl’s and Lowe’s See Sales Decline

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 2022 earnings. 

We condense what retail companies are reporting regarding the following key content: 

• Management commentary on demand trends in the first quarter (where reported)—including comparable sales growth, details on consumer demand by category or channel, and qualitative insights 
• How recent performance reflects the impacts of, or recovery from, the Covid-19 pandemic 
• The outlook for demand, as reflected in revenue guidance or more qualitative commentary 

This week, there are highlights from companies that reported in the week ended May 22, 2022, across multiple sectors: apparel and footwear (Deckers Outdoor), beauty brands and retailers (Bath & Body Works), department stores (Kohl’s), e-commerce (JD.com), home and home-improvement retailers (The Home Depot), mass merchandisers (Target), off-price retailers (TJX Companies) and warehouse clubs (BJ’s). 

Click here to read Week 3 of the Earnings Insight 1Q22 series.