Sunday Nov 27, 2022

Earnings to Watch Week of Aug. 29: BBY, LULU, CRWD, PDD – Bloomberg

npressfetimg-2613.png

Downward revisions in full-year outlooks by department stores sent chills through the consumer discretionary sector this week, as middle-class consumers shop less amid decades-high inflation. The sector, alongside financials, has so far recorded the highest proportion of earnings and revenue misses in this reporting season. Reports next week from big retail names like Best Buy and Lululemon will offer signals on how their diverse customer bases could affect top-line momentum for the rest of the year. 

Earnings highlights to look for next week:

Source: https://www.bloomberg.com/news/articles/2022-08-26/us-earnings-week-ahead-best-buy-pinduoduo-lululemon

Leave a Reply

Your email address will not be published.

Back to Top