Earnings Highlights

TJX Companies ($TJX) EPS: $0.68 vs. $0.61  expected | Revenue: $11.41 billion vs. $11.61 billion expected | Link to Report

TJX (parent company of T.J. Maxx) joined the small group of retailers who have been able to defend their margins amid rising inflation pressures. Pretax margins for Q1 were 7.5% (and 9.4% on an adjusted basis). The company believes it is well-positioned for the current environment, as inflation-pinched consumers gravitate more toward discounted merchandise.

Investors cheered the results, with the stock closing up (7.12%) amid a sea of red. 📈

Cisco Systems ($CSCO) | Adjusted EPS: $0.87 vs. $0.86 expected | Revenue: $12.84 billion vs. $13.34 billion expected | Link to Report

The company noted the Russia/Ukraine war reduced revenue by ~$200 million and Covid-19 lockdowns in China exacerbated supply chain issues. For the fiscal fourth quarter, the company forecasted $0.76 – $0.84 adjusted EPS and a YoY revenue decline of 1% – 5.5%. The wider-than-usual guidance range reflects an “increasingly complex environment,” CEO Chuck Robbins says.

The stock is down 13% after hours, adding to its losses in the regular session.

Lowe’s ($LOW) EPS: $3.51 vs. $3.22 expected | Revenue: $23.66 billion vs. $23.76 billion expected | Link to Report

The Container Store ($TCS) EPS: $0.46 vs. $0.20 expected | Revenue: $305.55 million vs. $279.82 million expected | Link to Report

Tencent Holdings Ltd. ($TCEHY) EPS: CN¥ 2.62 vs. CN¥ 2.81 expected | Revenue: CN¥ 135.5 billion vs. CN¥ 141 billion | Link to Report

Lowe’s lost 5.24% today, the Container Store Group gained 7.07% on news of EPS, and Tencent Holdings Ltd. dumped 6.97% at the close. 💰

Want more EPS?? Check out Stocktwits’ earnings calendar! 📅

More in   Earnings

View All

Taking Some Chips Off The Table

It has been a wild ride for semiconductors over the last year, but it seems the short-term tide has shifted from chip shortages to a demand slowdown. 👎

Below we’ve got a chart of the iShares Semiconductor ETF and a few of its largest components. After a massive run through the end of last year, they’ve all gone from big gains to big drawdowns. 🔻

Read It

Salesforce Beats and Raises

In what’s been a hit-or-miss earnings season for many companies, Salesforce appears to have made it home safely. 👏

The company’s adjusted earnings per share beat the $0.94 expected by analysts, coming in at $0.98. Revenues also beat expectations at $7.41 vs. $7.38 billion.

Read It

BJ’s Pops After Earnings Come In Above Estimates

To wrap up a rollercoaster earnings week for retail, BJ’s Wholesale Club took the spotlight with an 8% jump in trading following the company’s Q1 earnings report. 🥳 The Massachusetts-based warehouse club excited investors with its ability to keep costs low despite climbing inflation. 

BJ’s Wholesale Club Holdings Inc gained 7.43% in trading today thanks to the company’s favorable Q1 financials. The company posted a beat on EPS with adj. earnings of $0.87 per share (+39% YoY), as opposed to Wall St. estimates of $0.71 per share. In terms of revenue, BJ’s scored $4.5 billion, an increase of +16.2% YoY, which beat estimates of $4.24 billion.

Read It

Peloton’s Q1 2022 Earnings: An Exercise in Futility?

New York-headquartered fitness equipment maker Peloton Interactive was a lockdown-era darling as the home-fitness trend of 2020 gained traction. However, $PTON stock investors were in need of a positive catalyst after lockdowns were lifted… and after Peloton posted a net earnings loss of $313.2 million in Q4 2021 and an even deeper loss of $376 million during the company’s fiscal first quarter. 😬

Down 28% after an already bruising prior-day 10% loss, $PTON stock wasn’t off to a good start. This might seem irrational as Peloton posted 29% year-over-year membership increase. 🤔

Read It