24 May Watchlist 👀

 

Today we are watching…

1.  Foot Locker (#footlocker)

Foot Locker is ready to post its earnings today and investors will be hoping that it can keep up its good run of earnings beats. However, analysts are unsure about the company’s prospects this quarter. A number of cost-related headwinds in sales and administration have been forecast to impact this announcement, and even though the company has tried to develop its online capabilities, many are still concerned about how these increased costs will impact its performance going forward.  

2. Hibbett Sports (#hibb)

Hibbett Sports will also be announcing its earnings today and analysts are feeling cautiously optimistic about the announcement. The company has enhanced its e-commerce capabilities which received a 60% boost in Q4 2018, accounting for 10.6% of total sales. Moreover, Hibbett has opened 12 new stores in relatively under-serviced areas while shutting down 27 under-performing stores in a push to maximise efficiency. Although these store closures are expected to incur some expenses that may weigh on performance in the short run, they represent a positive strategy for the longer term outlook. 

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