ROST - What to expect from earnings season as these 6 retailers are scheduled to report

All eyes are on the retailers this week as many are set to report quarterly results, starting from tomorrow. Here’s a summary of what you can expect from these six notable retailers, according to foot traffic analytics firm Placer.ai.

TJX Companies

• TJX Companies Inc ( NYSE: TJX ) is the off-price retail leader and parent company of T.J. Maxx, Marshalls and HomeGoods.
• TJX Companies will report second-quarter results Wednesday morning.
• According to Placer.ai, July visits at T.J. Maxx and Marshalls were up 17.2% and 21.1% versus 2019 levels.
• By comparison, the apparel sector grew visits at an average of 3.8%.
• Return customer visits were up 10% at T.J. Maxx and 5.2% at Marshalls between May and July.

Macy’s Inc

• Macy’s Inc ( NYSE: M ) operates a chain of department stores under its core Macy’s brand and Bloomingdale’s.
• Macy’s will report second quarter results Thursday morning. its earnings report for the fiscal second quarter on Thursday, before the bell.
• According to Placer.ai , visits to Macy’s stores were down 5.7% last month compared to 2019.
• This marks a significant improvement from March when visits were down 32% compared to pre-pandemic levels.
• However, visit durations were still down roughly 16% in July versus the same month of 2019.

Kohl’s Corp

• Kohl’s Corp ( NYSE: KSS ) is the largest department store retail chain in the United States.
• Kohl’s is scheduled to report second quarter results Thursday morning.
• Similar to competitors, Kohl’s foot traffic in July recovered to about 94% of the levels seen before the pandemic in July 2019.
• In March, visits to Kohl’s stores were still down 16% from 2019 equivalents.
• Visit duration is still 13% lower than July 2019, according to Placer.ai.

Ross Stores

• Ross Stores Inc ( NASDAQ: ROST ) is a discount department store and a chief rival to TJX.
• Ross Stores will announce second quarter results Thursday afternoon.
• According to Placer.ai, foot traffic last month at Ross Stores topped levels seen in July 2019 by 11.3%.
• Compared to 2019 equivalents, loyal customers were up 5.4% between May and July. These are the customers that visited stores at least twice during the three-month period.

Dick’s Sporting Goods

• Dick’s Sporting Goods Inc ( NYSE: DKS ) is the largest sports goods retailer in the United States.
• Dick’s will report its results for the fiscal second quarter on Wednesday morning.
• According to Placer.ai, visits to Dick’s stores were up 13.1% in July compared to the 2019 equivalent.
• Except for February, foot traffic at Dick’s stores has topped levels seen before the pandemic in 2019 by at least 4%.

Burlington Stores

• Burlington Stores Inc ( NYSE: BURL ) is another off-price department store retailer.
• Burlington Stores is set to post second quarter results Thursday morning.
• According to Placer.ai, foot traffic has recovered completely from pandemic levels, with July visits up 23.7% compared to 2019.
• The number of loyal customers rose 23.7% between May and July versus the same stretch in 2019.

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