{"id":65195,"date":"2022-11-22T09:00:07","date_gmt":"2022-11-22T14:00:07","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=65195"},"modified":"2022-11-22T09:00:07","modified_gmt":"2022-11-22T14:00:07","slug":"coffee-with-greta-more-retail-earnings","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/11\/22\/coffee-with-greta-more-retail-earnings\/","title":{"rendered":"Coffee With Greta: More Retail Earnings"},"content":{"rendered":"

DJIA Futures: <\/b>+139 (+0.4%)<\/span><\/p>\n

SPX Futures: <\/b>+18 (+0.5%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+45 (+0.4%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are higher as traders digest more Q3 retail earnings in the light holiday week.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Dollar Tree Slips On Weaker Profit Outlook<\/span><\/h2>\n

Dollar Tree <\/b>(DLTR) shares are falling 2.1% ahead of the open despite beating Q3 expectations.\u00a0<\/span><\/p>\n

Here\u2019s how the discount retailer\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

    \n
  • EPS: $1.20 vs $1.18 expected<\/span><\/li>\n
  • Revenue: $6.94 billion vs $6.84 billion expected<\/span><\/li>\n<\/ul>\n

    Same-store sales rose 6.5% year over year.\u00a0<\/span><\/p>\n

    Traders soured on the stock as Dollar Tree said it expects full-year profits to be in the lower end of its prior outlook due to inflationary cost pressures.\u00a0<\/span><\/p>\n

    The retailer raised it sales outlook to between $28.14 billion and $28.28 billion and forecast EPS in the lower range of $7.10 to $7.40.\u00a0<\/span><\/p>\n

    Dick\u2019s Sporting Goods Tops Q3 Expectations, Raises Outlook<\/span><\/h2>\n

    Dick\u2019s Sporting Goods <\/b>(DKS) shares are up 0.9% in premarket trade after beating Q3 expectations and hiking its outlook.\u00a0<\/span><\/p>\n

    Here\u2019s how the sporting goods retailer\u2019s results compared to analysts\u2019 expectations:<\/span><\/p>\n

      \n
    • Adjusted EPS: $2.60 vs $2.27 expected<\/span><\/li>\n
    • Revenue: $2.96 billion vs $2.7 billion expected<\/span><\/li>\n<\/ul>\n

      Comparable store sales were up 6.5% year over year.\u00a0<\/span><\/p>\n

      Dick\u2019s raised its full-year earnings outlook and is now expecting a smaller decline in comparable sales.\u00a0<\/span><\/p>\n

      The retailer expects full-year adjusted EPS between $11.50 and $12.10 vs $10 to $12 previously.<\/span><\/p>\n

      Comparable sales are expected to fall 1.5% to 3% for the year vs previous guidance for a 2% to 6% drop.\u00a0<\/span><\/p>\n

      Best Buy Rallies On Q3 Earnings Beat<\/span><\/h2>\n

      Best Buy <\/b>(BBY) shares are rallying 8.2% ahead of the open after beating Q3 expectations.\u00a0<\/span><\/p>\n

      Here\u2019s how the electronics retailer\u2019s results compared to analysts\u2019 expectations:<\/span><\/p>\n

        \n
      • Adjusted EPS: $1.38 vs $1.03<\/span><\/li>\n
      • Revenue: $10.59 billion vs $10.31 billion<\/span><\/li>\n<\/ul>\n

        Comparable sales fell 10.4% year over year vs analysts\u2019 estimates for a 12.9% decline.<\/span><\/p>\n

        Best Buy reiterated its outlook for the key holiday quarter and improved its full-year outlook.\u00a0<\/span><\/p>\n

        The retailer expects full-year same-store sales to fall about 10% vs previous guidance for down about 11%.\u00a0<\/span><\/p>\n

        Zoom Drops On Light Forecast<\/span><\/h2>\n

        Zoom Video Communications <\/b>(ZM) shares are tumbling 7.5% in premarket trade as disappointing sales guidance overshadows a Q3 earnings beat.\u00a0<\/span><\/p>\n

        Here\u2019s how the company\u2019s results compared to analysts\u2019 expectations:<\/span><\/p>\n

          \n
        • Adjusted EPS: $1.07 vs $0.84 expected<\/span><\/li>\n
        • Revenue: $1.10 billion, in line with expectations<\/span><\/li>\n<\/ul>\n

          Revenue was up 5% year over year vs 8% growth in Q2.\u00a0<\/span><\/p>\n

          But net income plummeted by $291.9 million.<\/span><\/p>\n

          Zoom lowered its full-year revenue guidance, now expecting $4.37 billion to $4.38 billion in sales vs the average $4.4 billion analyst estimate.<\/span><\/p>\n

          The company expects full-year adjusted EPS of $3.91 to $3.94, beating analysts\u2019 expectations and up from its previous forecast.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: +139 (+0.4%) SPX Futures: +18 (+0.5%) NASDAQ Futures: +45 (+0.4%) Good morning friends! Futures are higher as traders digest more Q3 retail earnings in the light holiday week. Let\u2019s get right to it! Dollar Tree Slips On Weaker Profit Outlook Dollar Tree (DLTR) shares are falling 2.1% ahead of the open despite beating Q3 expectations.\u00a0 Here\u2019s how the discount retailer\u2019s results compared to analysts\u2019 estimates: EPS: $1.20 vs $1.18 expected Revenue: $6.94 billion vs $6.84 billion expected Same-store sales rose 6.5% year over year.\u00a0 Traders soured on the stock as Dollar Tree said it expects full-year profits to be in the lower end of its prior outlook due to inflationary cost pressures.\u00a0 The retailer raised it sales outlook to between $28.14 billion and $28.28 billion and forecast EPS in the lower range of $7.10 to $7.40.\u00a0 Dick\u2019s Sporting Goods Tops Q3 Expectations, Raises Outlook Dick\u2019s Sporting Goods (DKS) shares are up 0.9% in premarket trade after beating Q3 expectations and hiking its outlook.\u00a0 Here\u2019s how the sporting goods retailer\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $2.60 vs $2.27 expected Revenue: $2.96 billion vs $2.7 billion expected Comparable store sales were up 6.5% year over year.\u00a0 Dick\u2019s raised its full-year earnings outlook and is now expecting a smaller decline in comparable sales.\u00a0 The retailer expects full-year adjusted EPS between $11.50 and $12.10 vs $10 to $12 previously. Comparable sales are expected to fall 1.5% to 3% for the year vs previous guidance for a 2% to 6% drop.\u00a0 Best Buy Rallies On Q3 Earnings Beat Best Buy (BBY) shares are rallying 8.2% ahead of the open after beating Q3 expectations.\u00a0 Here\u2019s how the electronics retailer\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $1.38 vs $1.03 Revenue: $10.59 billion vs $10.31 billion Comparable sales fell 10.4% year over year vs analysts\u2019 estimates for a 12.9% decline. Best Buy reiterated its outlook for the key holiday quarter and improved its full-year outlook.\u00a0 The retailer expects full-year same-store sales to fall about 10% vs previous guidance for down about 11%.\u00a0 Zoom Drops On Light Forecast Zoom Video Communications (ZM) shares are tumbling 7.5% in premarket trade as disappointing sales guidance overshadows a Q3 earnings beat.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $1.07 vs $0.84 expected Revenue: $1.10 billion, in line with expectations Revenue was up 5% year over year vs 8% growth in Q2.\u00a0 But net income plummeted by $291.9 million. Zoom lowered its full-year revenue guidance, now expecting $4.37 billion to $4.38 billion in sales vs the average $4.4 billion analyst estimate. The company expects full-year adjusted EPS of $3.91 to $3.94, beating analysts\u2019 expectations and up from its previous forecast.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":65201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-65195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=65195"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65195\/revisions"}],"predecessor-version":[{"id":65204,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65195\/revisions\/65204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/65201"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=65195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=65195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=65195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}