This week, a few notable revenue releases have appeared in consumer goods. Some are big dealers, while others are growth companies that eventually want to make some profit from scaling the business.
Mark your calendar. Especially these four companies will be worth looking at this week.
1. Stitch Fix (October 1)
The last 12 months have not provided Stitch Fix (NASDAQ: SFIX) investors with a lot to smile about. The stock has lost more than half its value and still has a very high premium. The online service that provides style and clothing services has generated strong annual sales growth over the past three years. However, the struggles have been to deliver revenue that justifies the high service premium of the client service.
Overall, the economy is still up during the first half of the fiscal year, and I think there is potential in this business. As much as I don't like online shopping, the company has a situation where it can create repeat customers thanks to its monthly structure. When someone is involved in this and likes it, they probably won't go. Customer counts increased by 1[ads1]6.6% from the previous year in the fiscal third quarter. This of course assumes that Stitch Fix keeps prices in check. The consensus analyst estimate calls for $ 0.04 per share this week.
2. Bed Bath & Beyond (October 2)
Bed Bath & Beyond (NASDAQ: BBBY) has been on the wrong side of retail trends. The home goods retailer reported first-quarter accounting results that were in line with analysts' sales estimates, but overall sales continued to decline. We have seen the profitability of the business decline year after year. The downfall appears to be not only the rise of online competition, but also a lack of leadership to respond to it. Estimates appear to be at $ 0.29 per share. I would be more interested in what comparable store sales have done.
3. Constellation Brands (October 3)
Constellation Brands (NYSE: STZ) has managed to maintain a very consistent sales trend in an alcohol industry that has been quite up and down. Over the past five financial years, Constellation Brands has improved its profit from sales. The two weaker points in the business have been the wine and spirits segment, as well as the investments in Canopy Growth (NYSE: CGC) .
Canopy has not performed well in the last 12 months, as losses have increased in pursuit of revenue expansion. This has affected Constellation's unrealized gains from the investment. Weakness in wine / spirits has also been a problem, but sales of some bad brands in the second half will hopefully offset that situation. Overall, I will look for sustained strength within the company's beer segment next week. Currently, it is the driving force of Constellation Brands & # 39; s business.
4. Costco (October 3)
There was some positive outlook on Costco (NASDAQ: COST) ahead of next week's income report. My feelings at Costco reflect the results of other retail companies that have reported before. Walmart (NYSE: WMT) had a strong second quarter. Target (NYSE: TGT) reported strong sales that surprised many. With the bigger names good, I think Costco will probably follow suit. Consumer spending appears to be strong based on the results of the retail rivals, and I see no reason why Costco would also not have benefited during the entire quarter, which will be the fourth fiscal. The puzzle here will be whether a good quarter can offset the large premium of the stock.
Analyst estimates have earnings of around $ 2.54 per share. That would mean a 7.6% improvement over last year's $ 2.36 per diluted share.