We’ve all just lived through what might have been the most visceral earnings season in five years. With 3Q starting in two weeks – its time to quantify and risk-manage the fundamental puts and takes across retail in the back half of the year. Specifically we’re going to marry the macro climate, revenue puts and takes, cost pressures, e-comm (dilutive), business mix, inflation spreads (unit velocity) vs what we think are universally bullish expectations across much of retail. Believe it or not, there are actually some winners in 2H – but for the most part, we think that the fundamentals, propensity for misses/weak guides, and downwardly trajecting earnings algorithms will take the group broadly lower in the back half. We’ll go over the winners and losers in detail.
Call Details:
Time: Monday Jun 25th at 10AM EDT
Toll Free:
Toll:
UK: 0
Confirmation Number: 13680692
Live Video Link: Will be provided prior to the call