Retail Stocks: Costco On Deck, After Abercrombie Earnings Soar 267%

Costco (COST) prepares to report earnings on Thursday for its fiscal second quarter. Costco stock set a new high on Wednesday ahead of the report, after a blistering rally.

Among other retail stocks, Abercrombie & Fitch (ANF) guided high Wednesday after beating lofty expectations for the fourth quarter. On Tuesday, Ross Stores (ROST) gave cautious guidance after easily beating earnings and revenue estimates for the holiday quarter.

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Elsewhere in the retail space, Dick’s Sporting Goods (DKS) follows next week.

Along with Costco, Dick’s Sporting Goods stock set a new high Wednesday. Abercrombie stock snagged a new high Tuesday. Led by Abercrombie, these four retailers ripped higher over the past 12 months.

Investors will watch guidance closely as they report. Target (TGT) reported strong Q4 earnings early Tuesday but gave weak Q1 guidance. Target stock still soared 12%.

Costco Earnings, Dick’s Sporting Goods

Estimates: Analysts expect Costco to earn $3.62 per share on revenue of $59.11 billion. Year over year, Costco earnings are seen growing nearly 10% as sales rise 7%.

Results: Check back Thursday after the market close.

On Wednesday, Costco gained 1.8%, near 773. Costco stock set a 52-week high, after leaping 60% in the past year. Shares are far extended from a September 2023 flat-base breakout.

Dick’s Sporting Goods is on deck March 14 before the market opens.

Dick’s stock fell 0.2%, near 181. Shares jumped 40% in the past year. The retail stock is well extended from its January breakout past 152.61.

Retail Stocks: Abercrombie & Fitch Earnings

Estimates: Wall Street expected Abercrombie & Fitch to deliver earnings of $2.83 per share on revenue of $1.429 billion for the holiday quarter. Year over year, earnings were seen surging nearly 250%, with sales up 19%. The retail is lapping a 29% earnings decline in the year-ago quarter.

Results: Early Wednesday, Abercrombie posted EPS of $2.97, a 267% increase and above views. Revenue grew 21% to $1.453…