Earnings Insights 1Q24, Week 5: Ralph Lauren, Ross Stores and TJX See Sales Growth; Lowe’s and Target 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 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