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A Look At Some Of The Earnings Coming The Week Of August 22

  • September 7, 2022

Over the next few days, anticipated earnings reports will span a spectrum that runs from popular in-home fitness giant Peloton to green energy giant Jinko Solar. Notably, so many companies and industries continue to grapple with factors like supply chain woes, inflation-related pressure, and inventory overloads, making the story even more interesting as reports roll out. While it’s impossible to pinpoint who the winners and bright spots will be, here are some names I’ll be watching with great interest this week.

Macy’s-reporting Tuesday before markets open


-reporting Tuesday after markets close

Why: As the big department store names that will report earnings this week, they are both fantastic barometers to help shape the overall sector picture. The department store sector has gone through a lot over the past few years, and pandemic related issues certainly haven’t helped. According to the Census Bureau’s retail report, in July, consumers spent $11,191 billion in department stores, down from $11,246 billion in June and $11,527 billion in May. Meanwhile, both Macy’s and Nordstrom most recently reported EPS beats.

My Question: With overall spending at department stores in flux over the past handful of months, inflation being what it is, and the potential for boundless inventories, who will benefit more: the customer or the company?

Petco-reporting Wednesday before markets open

Why: Last May, the ASPCA estimated that nearly one in five US households acquired a cat or a dog since the start of the COVID-19 pandemic. This estimate puts nearly 23 million furry friends into our homes. When family members were at home more, pet needs such as training, walking, and companionship were an easier affair for many families, but with more returns to class and the office, it’s probably natural to expect some

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