Top Line

The retail sector continued to report strong earnings Thursday as Macy’s and Kohl’s beat estimates — like their peers earlier this week — though some investors are beginning to worry about margins as supply chain issues and labor Companies have to face rising costs due to shortage.

important facts

- Advertisement -

Department store chains Macy’s and Kohl’s both reported quarterly results that beat expectations on Thursday, with both companies raising their forecasts for the year and continuing a strong retail earnings trend this week.

Macy’s shares rose more than 21%, while Kohl’s shares gained 8%.

Earlier this week, big box retailers like Walmart and Target also beat quarterly profit and revenue estimates, thanks to growth in digital and same-store sales, while also raising financial guidance for the year.

Both retailers acknowledged that they were absorbing higher costs from supply chain issues and labor shortages rather than passing them on to consumers, however: Walmart and Target’s shares declined 3.5% and 5.5%, respectively, as part of earnings. down since.

Home improvement chains like Home Depot and Lowe’s, meanwhile, beat earnings expectations thanks to a strong housing market — with consumers continuing to spend, even as homes and building material prices climbed last year. increased from.

Home Depot stock is up more than 9% since earnings Tuesday, while Lowe’s shares are up 1% since reporting Wednesday.

- Advertisement -