Innovation Update

Coming Week: Shopper Spotlight

Stock quotes in this article: WMT , HD , HPQ , JCP , ELN , TOLL , WFMI  

Retail Round-Up

In terms of profit reports, it's all about the almighty consumer in the coming week as retailers dominate the earnings lineup.

"We're now in the tail-end of the earnings season, and we want to end on a high note," says Mendelsohn. "The forward guidance hasn't been very positive. Certainly, retail sales are going to continue to remain very important."

The onslaught begins with the world's biggest retailer, Wal-Mart(WMT Quote). Investors will be closely watching to see how the company's bottom line fared during a holiday period in which it recorded its first monthly same-store sales decline in a decade and sought to undercut rivals on prices, potentially hurting margins.

Analysts surveyed by Thomson First Call expect the Bentonville, Ark., giant to post earnings of 90 cents a share, up from 84 cents last year, on $99.33 billion in revenue.

Fellow Dow component Home Depot (HD Quote) also will report its quarterly figures Tuesday morning. The report will be the first since CEO Robert Nardelli left the company amid criticism for the retailer's declining sales and stagnant stock price.

Wall Street is looking for the home improvement retailer to report fourth-quarter earnings of 50 cents a share, down from 60 cents a year earlier, on sales of $20.8 billion.

On Wednesday, retailers reporting include Abercrombie & Fitch(ANF Quote), TJX (TJX Quote) and Zale (ZLC Quote).

J.C. Penney (JCP Quote) will report its results Thursday, and Home Depot rival Lowe's(LOW Quote) joins the fray on Friday.

Away from retail, computer titan Hewlett-Packard (HPQ Quote) will report its fiscal first-quarter earnings on Tuesday. Analysts project earnings of 62 cents a share and revenue of $24.28 billion. A year earlier, the company reported a profit of 48 cents a share and revenue of $22.66 billion.

Other companies reporting in the week include Elan(ELN Quote), Whole Foods(WFMI Quote), H&R Block (HRB Quote) and Toll Brothers(TOL Quote).

Staff reporter Gregg Greenberg contributed to this report.

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