Yahoo Finance is tracking TJX Companies, Home Depot and Urban Outfitters in intraday trading on Tuesday.
TJX Cos. (TJX) – The parent company of TJ Maxx, Marshalls and Home Goods disappointed Wall Street after issuing weak second-quarter earnings guidance and said its same-store sales grew at the slowest pace since 2015. The discount retail chain reported a 1% climb in same-store sales during the first quarter, missing analysts’ expectations for a 1.5% increase and well below the 8% gain a year ago. TJX reported earnings per share of 82 cents on revenue of $7.8 billion.
Urban Outfitters (URBN) – The retailer is expected to report earnings per share of 15 cents on revenue of $768.75 million, according to Bloomberg. Strong growth in Urban Outfitter’s online business is expected to help offset weak retail store sales, a trend that’s been plaguing the retail industry for some time. Analysts warn that weak customer traffic could have forced the company to discount items, which in turn would pressure margins. Urban Outfitters’ stock has plunged about 27% since the start of the year.
Home Depot (HD) – The company’s profit and sales topped Wall Street expectations in the first quarter, as a rebound in the housing industry boosted sales. Home Depot also upped its outlook for the year, giving Wall Street another reason to cheer. During the earnings call, Home Depot Chairman, CEO and President Craig Menear touted the company’s “robust” traffic growth in e-commerce, as its online sales grew approximately 23% in the quarter. Menear also said that Home Depot’s supply chain “continues to be a source of strength for our business.”
For more on Tuesday’s big stock movers and earnings after the bell, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.