Dow components Wal-Mart Stores Inc. and Home Depot Inc. will lead a slew of retailers’ fourth-quarter earnings reports next week as investors look to the two heavyweights to glean a better sense of the industry’s outlook for the new fiscal year.
Both companies’ numbers are expected on Tuesday. Wal-Mart (NYSE:WMT) , based in Bentonville, Ark., is expected to report profit rose to $1.46 a share from $1.34 a share a year earlier, FactSet data showed. Its sales were estimated to rise to $123.9 billion from $115.6 billion, according to FactSet.
A key piece of data investors will look for — Walmart U.S. comparable store sales, which the company had projected in November to be flat to up 2%. Wall Street expected the retail discount giant to post its second straight quarter of same-store sales gain at the unit, about three-fifths of the company’s total, after nine quarters of declines. See related November story on Wal-Mart’s U.S. sales turning positive. » Read more: Walmart, Home Depot to headline retail earnings
