JUMP REPORT
Avg Daily Volume: 1,712,754 Market Cap: 992.08M
Sector: Services Short Interest: 22.1
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 2.52/share REV: 1, 630/M
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LAST QTR: EPS: -.20/share ACTUAL: -.18/share (BEAT)
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NEXT QTR: EPS: .95/share REV: 1,330/M
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FULL YR: EPS: 3.79/share REV: 5,390/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 63% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 32.3, 16.94, 19.85
EXPECTED JUMP MOVE: 10-25%
Links To Latest News and Headlines
Big Lots (BIG) sees weak traffic and sales trends in January. However, long-term growth targets and Operation North Star strategy appear encouraging.
lululemon (LULU) cuts fourth-quarter fiscal 2021 view on soft trends witnessed in the latter part of the holiday season. It expects revenues and earnings per share at the lower end of the prior view.
The Dow Jones Industrial Average (DJINDICES: ^DJI) closed with a significant loss, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) finished closer to unchanged on the day. January is always a key time for the retail sector because the holiday season is one of the biggest revenue generators for companies across the industry. Shares of Abercrombie & Fitch were up nearly 7% in after-hours trading Monday.
Abercrombie & Fitch Co and Big Lots Inc gave investors a first look at the impact COVID-19 was having on their businesses, with both retailers providing disappointing forecasts citing supply chain hurdles and the spread of the Omicron variant. However, apparel retailer Abercrombie said it had seen a pickup in post-holiday sales, sending its shares up 6.7% in extended trading. Big Lots said it has seen a slowdown in traffic and sales trends since early January, driven by the rapid spread of Omicron and adverse weather conditions, sending its shares down 6.3% in extended trade.
Shares of Big Lots Inc. fell more than 7% in the extended session Monday after the retailer said it has been seeing “softening of traffic and sales trends” in January caused by the spread of the omicron variant of the coronavirus in addition to winter weather. The company said that could lead to flat to a below-expectations comparable-sales increase for fiscal January, and result in per-share earnings for the quarter between $1.80 and $1.95. Analyst consensus was of EPS of $2.17, according to Fa
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