Q2 Retail Earnings Roundup: Home Depot, Kohl???s & TJX



Shutterstock photo

Tuesday, August 20, 2019


Three retailers help bring Q2 earnings season to a close this summer, with mixed results across the board. Earnings reports are all we have to go by so far this week, with Existing Homes Sales, Weekly Jobless Claims and a Jackson Hole Symposium on deck through the remainder of the week.

Home Depot’s HD Q2 results were mixed: $3.17 per share beat the Zacks consensus by 9 cents (and ahead of the $3.05 reported in the year-ago quarter), while quarterly sales of $30.84 billion fell short of the $30.95 billion estimate (though up 1.2% year over year). Lumber prices reportedly decreased comps, and the company warned of consumer weakness should more tariffs be placed on imported goods.

The home improvement giant, with a Zacks Rank of #3 (Hold) ahead of the earnings release, reported a rise in gross profit, it also saw a 20 basis-point drop in gross margins for the quarter. Home Depot also cut its full-year forecast, though shares are up 2.25% in today’s pre-market. For more on HD’s earnings, click here.

Department store chain Kohl’s KSS also beat on the bottom line while missing by a smidge on the top: $1.55 per share outperformed by 3 cents, while $4.43 billion in sales was short by 0.57%, as well as under the $4.57 billion from the year-ago quarter. Shares have now beaten earnings estimates in 3 of the last 4 quarters, though the stock is still down double-digits year to date. For more on KSS’ earnings, click here.

The TJX Companies TJX , a national discount retailer, just me t earnings expectations of 62 cents per share in its Q2 report, with $9.78 billion in revenues down 1% from the Zacks consensus. This top line figure was, however, notably better than the $9.33 billion in the year-ago quarter. Shares are up 3% in today’s pre-market, and the stock is mostly tracking the S&P 500 year to date. For more on TJX’s earnings, click here.

Mark Vickery

Senior Editor

Questions or comments about this article and/or its author? Click here>>

Legalizing THIS Could Be Even Bigger than Marijuana

Americans spend an estimated $150 billion in this industry every year… more than twice as much as they  spend on marijuana.

Now that 8 states have fully-legalized it (with several more states following close behind), Zacks has identified 5 stocks that could soar in response to the powerful demand. One industry insider described  the future as “mind-blowing” – and early investors can still get in ahead of the surge.

See these 5 “sin stocks” now >>




Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Home Depot, Inc. (HD): Free Stock Analysis Report

The TJX Companies, Inc. (TJX): Free Stock Analysis Report

Kohl’s Corporation (KSS): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



















Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.

Wealth Empire Newsletter
Register now for free updates and alerts

Subscribe By

Note: I have the ability to revoke this permission at any time and ask for the removal of my personal data collected by contacting us or simply clicking Unsubscribe.