Ferguson Plc reports Q3 net sales increase but faces modest price deflation. The company said its fiscal 2024 financial guidance reflects continued volume growth and resilient gross margin despite the impact of continuing mild deflation expected for the remainder of the fiscal year.
Designer Brands shares fell after disappointing Q1 FY24 earnings. Despite a 0.6% sales growth to $746.596 million, EPS of $0.080 missed estimates. Comparable sales dropped 2.5%, and the Operating income plunged 52.2% to $9.4 million.
Stitch Fix (SFIX) will report its Q3 earnings with expected EPS of -23 cents and $306.12 million in revenue. Despite fluctuations, investors and analysts have a positive outlook on the personalized clothing company's growth potential.
Bath & Body Works exceeded analyst expectations with a Q1 FY24 sales of $1.38 billion, up from the estimated $1.36 billion. The company saw a gross profit increase of 1.7% Y/Y to $606 million, with a margin of 43.8%. Adjusted EPS was $0.38, beating the forecast of $0.32. The retailer holds $855 million in cash and equivalents as of May 4, 2024.
CrowdStrike (CRWD) is expected to report strong first-quarter earnings on Tuesday. The stock is up over 100% in the past year and is experiencing high options trading volume. Technicals are bearish.