Retail Roundup: Walmart, Target, Home Depot Beat, Will Ross Stores Follow Down The Aisle?

Many retail stocks in the consumer discretionary sector started to report earnings this week, beginning with Home Depot, Inc HD on Tuesday. Despite inflation remaining sticky and interest rates high, retailers fared better-than-expected.

Ross Stores, Inc ROST is next to print its financial results, set to print first-quarter earnings after the bell on Thursday. Analysts expect the company to report earnings of $1.06 per share on revenues of $4.5 billion.

Shares are trading down 0.21% at $103.57 at the time of publication on Thursday.

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A Look At The Retail Quarterly Reports

Home Depot reported quarterly earnings of $3.82 per share, beating the $3.80 EPS estimate. The company reported quarterly sales of $37.257 billion, which missed the analyst consensus estimate of $38.31 billion.

Shares are trading 0.15% higher Thursday at $292.81 after surging 3.56% on Wednesday.

Target Corporation TGT reported quarterly sales of $25.322 billion Wednesday, which beat the analyst consensus estimate of $25.29 billion. The company also beat on earnings, reporting EPS of $2.05, which came in ahead of the $1.76 estimate.

Shares closed up 2.58% on Wednesday but are now trading 4.7% lower at $154.23.

Walmart, Inc WMT reported quarterly earnings of $1.47 per share Thursday, which beat the consensus estimate $1.32. The company reported quarterly sales of $152.301 billion, which beat the analyst consensus estimate of $148.65 billion.

Shares are trading 1.1% higher at $151.26 after a volatile opening, where Walmart reached a high of $154.29 on Thursday.

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