Filed under: Company News, Earnings, Retail, Market News, Investing
From a fast-growing RV maker posting quarterly results to several troubling retailers hoping to get it right ahead of the telltale holiday shopping season, here are some of the things that will help shape the week that lies ahead on Wall Street.
Monday — The Shopping Superhighway
The new trading week kicks off with Cyber Monday. The phenomenon started a few years ago when folks would scour online retailers for deals after the Thanksgiving holiday once they got back to work on Monday.
A lot has changed. Online connectivity is now prevalent both in the home and on our smartphones. In the eyes of online retailers, every day is Cyber Monday.
If you’re hungry for company-specific news, Thor Industries (THO) reports after Monday’s market close. The company became a pure play on recreational vehicles when it divested its bus business last year. With the economy improving and gas prices cheap, it should be a good time for the RV industry, and analysts see Thor coming through with double-digit-percentage year-over-year growth in revenue and earnings.
Tuesday — Hit the Mattress
It’s been three years since Mattress Firm (MFRM) went public at $19, and the stock has gone on to more than triple in that time. Mattress retailing remains a highly fragmented market, and Mattress Firm has made the most of its status as a publicly traded company by acquiring regional players.
Mattress Firm reports quarterly results on Tuesday.
Wednesday — Retailers on Parade
A handful of retailers will be posting fresh financials on Wednesday. Aeropostale (ARO), Tilly’s (TLYS), and Pacific Sunwear (PSUN) are some of the mall chains stepping up with their quarterly results.
It probably won’t be pretty. Wall Street pros see Aeropostale and Pacific Sunwear posting quarterly losses. Analysts see slight improvement in sales at Tilly’s, but with profitability being shaved in half. This isn’t the kind of momentum that retailers like to see heading into the holiday shopping season.
Thursday — Tears for Sears
Sears Holdings (SHLD) reports on Thursday morning. The parent company of Sears and Kmart has had a rough time in recent years. It’s been selling off assets to stay afloat after years of losses, but sooner or later the garage sale is going to run dry. Analysts see another widening quarterly loss, and the deficits have been wider than Wall Street’s estimates in the two previous periods.
Friday — Pass the Popcorn
We’ll be a week removed from Black Friday, so it’s safe to say that shopping malls will be gearing up for the second weekend of the holiday shopping season. Another place that will be crowded is your friendly neighborhood multiplex. Some of the movies opening this weekend are Nicolas Cage’s “Dying of the Light” and Chris Rock’s “Top Five.”
Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our newsletter services free for 30 days. Check out The Motley Fool’s free report for one great stock to buy for 2015 and beyond.
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Source: Investing
