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Earnings Reports for the Week of June 8-12 (AMC, CHWY, LULU)

Check out our weekly earnings calendar and read the latest quarterly earnings previews. Read More...

Below is a weekly earnings calendar of the most important upcoming quarterly reports schedule to be released by publicly traded companies. There are also earnings previews for select companies. Please check back often. This earnings calendar is updated weekly.

(Editor’s Note: Many earnings dates are tentative but may be moved due to coronavirus-related concerns. However, companies featured in “Earnings Spotlights” have officially announced their earnings dates.)

Earnings Calendar Highlights

MONDAY

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Noteworthy Earnings Reports: Casey's General Stores (CASY), Stitch Fix (SFIX)” data-reactid=”21″>Noteworthy Earnings Reports: Casey’s General Stores (CASY), Stitch Fix (SFIX)

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="SEE ALSO: All 30 Dow Stocks Ranked: The Pros Weigh In” data-reactid=”22″>SEE ALSO: All 30 Dow Stocks Ranked: The Pros Weigh In

TUESDAY

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Earnings Spotlight: Chewy (CHWY, $48.44) – Online pet-goods retailer Chewy has been an unsurprising winner of America’s stay-at-home orders. CEO Sumit Singh has said that sales have become more robust in the midst of the pandemic, the e-commerce company needed to hire up to 10,000 workers to meet demand and shares are up 67% year-to-date. The only issue now might be high expectations and a high valuation. Barclays analyst Deepak Mathivanan thinks first-quarter revenue estimates are beatable but that conservative guidance for Q2 might be en route. And while the stock has racked up eight Buys versus just three Holds over the past quarter, CHWY shares are now 10% past analysts’ consensus price target. For the quarter to be reported after the June 9 closing bell, analysts are expecting revenues to grow 40.5% to $1.56 billion, while Chewy’s net loss should double to 16 cents per share.” data-reactid=”24″>Earnings Spotlight: Chewy (CHWY, $48.44) – Online pet-goods retailer Chewy has been an unsurprising winner of America’s stay-at-home orders. CEO Sumit Singh has said that sales have become more robust in the midst of the pandemic, the e-commerce company needed to hire up to 10,000 workers to meet demand and shares are up 67% year-to-date. The only issue now might be high expectations and a high valuation. Barclays analyst Deepak Mathivanan thinks first-quarter revenue estimates are beatable but that conservative guidance for Q2 might be en route. And while the stock has racked up eight Buys versus just three Holds over the past quarter, CHWY shares are now 10% past analysts’ consensus price target. For the quarter to be reported after the June 9 closing bell, analysts are expecting revenues to grow 40.5% to $1.56 billion, while Chewy’s net loss should double to 16 cents per share.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Earnings Spotlight: AMC Entertainment (AMC, $5.91) – AMC is in the midst of a massive rally after many market participants left the company for dead. In April, AMC shares had lost more than 70% of their value by April, but have since recovered to an 18% decline as states have begun to reopen their economies. Nonetheless, AMC is likely to report a nasty quarter after the June 9 market close. The company’s preliminary results included a 21.6% year-over-year decline in revenues to $941.5 million, as well as an adjusted net loss of about $224.5 million, more than double the $101.8 million it lost in the year-ago quarter. Still, if nothing else, it looks like the company will survive the pandemic – not a given a few months ago. "We believe the near-term risk of bankruptcy for AMC has lessened considerably as a result of the combination of: (1) the increasing likelihood movie theaters in the U.S. and Europe will be able to re-open with new Hollywood content in the July/August time frame; and (2) the company’s improved liquidity position," writes MKM Partners analyst Eric Handler.” data-reactid=”25″>Earnings Spotlight: AMC Entertainment (AMC, $5.91) – AMC is in the midst of a massive rally after many market participants left the company for dead. In April, AMC shares had lost more than 70% of their value by April, but have since recovered to an 18% decline as states have begun to reopen their economies. Nonetheless, AMC is likely to report a nasty quarter after the June 9 market close. The company’s preliminary results included a 21.6% year-over-year decline in revenues to $941.5 million, as well as an adjusted net loss of about $224.5 million, more than double the $101.8 million it lost in the year-ago quarter. Still, if nothing else, it looks like the company will survive the pandemic – not a given a few months ago. “We believe the near-term risk of bankruptcy for AMC has lessened considerably as a result of the combination of: (1) the increasing likelihood movie theaters in the U.S. and Europe will be able to re-open with new Hollywood content in the July/August time frame; and (2) the company’s improved liquidity position,” writes MKM Partners analyst Eric Handler.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Other Noteworthy Reports: Brown-Forman (BF.B), Conn’s (CONN), Five Below (FIVE), GameStop (GME), HD Supply Holdings (HDS), Movado (MOV), Signet Jewelers (SIG), Verint Systems (VRNT)” data-reactid=”26″>Other Noteworthy Reports: Brown-Forman (BF.B), Conn’s (CONN), Five Below (FIVE), GameStop (GME), HD Supply Holdings (HDS), Movado (MOV), Signet Jewelers (SIG), Verint Systems (VRNT)

WEDNESDAY

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Noteworthy Earnings Reports: Chico's (CHS), Daktronics (DAKT), Guess? (GES), Red Robin Gourmet Burgers (RRGB)” data-reactid=”28″>Noteworthy Earnings Reports: Chico’s (CHS), Daktronics (DAKT), Guess? (GES), Red Robin Gourmet Burgers (RRGB)

<h3 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="SEE ALSO: 15 Best ESG Funds for Responsible Investors” data-reactid=”29″>SEE ALSO: 15 Best ESG Funds for Responsible Investors

THURSDAY

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Earnings Spotlight: Lululemon Athletica (LULU, $319.78) – Lululemon has made up all of its pandemic-related losses and then some, rising 38% year-to-date to make it stick out like a sore thumb among other brick-and-mortar apparel retailers. But why? Raymond James analyst Matthew McClintock points out that "near-term earnings declines are transitory and … more important, the current crisis only accelerates lululemon’s favorable positioning as a leader in the athletic-apparel market." But LULU has blown past many analyst price targets at this point and currently sits almost 28% above the consensus average. Lululemon will try to justify that with a better-than-expected quarterly report, due out after the June 11 closing bell. Analysts are looking for a 10.4% decline in revenues to $676.76 million, and a 66.2% plunge in profits to 25 cents per share.” data-reactid=”31″>Earnings Spotlight: Lululemon Athletica (LULU, $319.78) – Lululemon has made up all of its pandemic-related losses and then some, rising 38% year-to-date to make it stick out like a sore thumb among other brick-and-mortar apparel retailers. But why? Raymond James analyst Matthew McClintock points out that “near-term earnings declines are transitory and … more important, the current crisis only accelerates lululemon’s favorable positioning as a leader in the athletic-apparel market.” But LULU has blown past many analyst price targets at this point and currently sits almost 28% above the consensus average. Lululemon will try to justify that with a better-than-expected quarterly report, due out after the June 11 closing bell. Analysts are looking for a 10.4% decline in revenues to $676.76 million, and a 66.2% plunge in profits to 25 cents per share.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Other Noteworthy Reports: Adobe (ADBE), Children’s Place (PLCE), Dave &amp; Buster’s Entertainment (PLAY), PVH (PVH)” data-reactid=”32″>Other Noteworthy Reports: Adobe (ADBE), Children’s Place (PLCE), Dave & Buster’s Entertainment (PLAY), PVH (PVH)

FRIDAY

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Noteworthy Earnings Reports: Party City (PRTY)” data-reactid=”34″>Noteworthy Earnings Reports: Party City (PRTY)

Reporting schedules provided by Briefing.com and company websites. Earnings estimate data provided by Thomson Reuters via Yahoo! Finance, and FactSet via MarketWatch.

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