Q1 earnings season winds down with mixed retail results, but promising economic dataOutlier earnings dates for the remainder of earnings season: Kohl’s , Bath & Body WorksThe latest inflation reading showed that prices are finally starting to cool a bit, with CPI showing an increase of 0.3% MoM for April vs. expectations for a 0.4% increase and compared to the 0.4% uptick seen in March.
Sure enough, UA reported that sales in its largest market, North America, fell 10% and that they expect things to get worse before they get better. They also announced a board restructuring plan and an unspecified number of job cuts. For the remainder of earnings season, the only S&P 500 name that has pushed their Q1 2024 earnings dates outside of historical norms is Bath & Body Works . While former S&P constituent, Kohl’s Corporation , is also sporting a negative DateBreak Factor due to a delayed earnings date.) is set to report Q1 2024 results on Thursday, May 30. This is a week later than expected, and the latest report date since we began tracking this name in 2006.
After a couple of decent quarters, BBWI is expected to report flat YoY earnings for Q1, and a revenue decline of 2%, according to FactSet data.Wall Street Horizon DateBreaks Factor: statistical measurement of how an earnings date compares to the reporting company's 5-year trend for the same quarter. Negative means the earnings date is confirmed to be later than historical average while Positive is earlier.Earnings season continues to wind down from here on out.
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