With both Sales Day and ICR over the next week, we’re likely to see 10-15 preannouncements. Here’s a roadmap as to the companies who have most commonly updated guidance in advance of the event. We’ll be back shortly with our picks and themes headed into the conference.
We’re officially in the “unofficial” earnings season for retailers with both Sales Day and the annual ICR Exchange set to take place over the next several days. History paints an interesting picture (and precedent) of pre-announcements over this two week period. As such, we’ve updated our matrix of companies with a history of pre-announcing at or around the annual pilgrimage to ICR. Those with positive releases are highlighted in green while those with less positive news are highlighted in red. This year should be no different than in years past, where we are likely to see 10-15 companies update guidance in the coming days.
As noted, we’ll be back soon with Part 2 of this analysis, which includes our targeted themes and companies headed into the event.