Now that retail stocks are largely done with quarterly earnings reports, which companies had the best growth in the second quarter?
It's no secret that consumers prefer to shop on online behemoth Amazon (AMZN) rather than heading to a store or the mall. But Amazon wasn't the only retailer to pick up share in the second quarter.
Those stores with the best reported same-store sales growth included Home Depot (HD) , even though its SSS growth of 4.5% missed estimates of 4.8%, and TJX (TJX) , which reported SSS growth of 4% vs. 3% consensus. Consumers are also choosing to spend their money at value stores and on experiences, for instance, according to Thomson Reuters I/B/E/S.
TJX is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.
Thomson Reuters measured the earnings growth of stocks that have already reported earnings that trade in its Retail/Restaurant Index. The index comprises 169 consumer companies within the S&P 500, the S&P MidCap 400 and the S&P SmallCap 600.
Here are the 10 companies with the highest growth rates as of midday on Aug. 23.