| We've got another action-packed week of retail earnings reports lined up. 📅 Week 6 Earnings Sneak Peek - Dick's Sporting Goods (DKS): Reports Tuesday, May 23
- BJ's Wholesale (BJ): Reports Tuesday, May 23
- Elf Beauty (ELF): Reports Wednesday, May 24
- Build-A-Bear (BBW): Reports Thursday, May 25
The main theme we're watching is the slowdown in discretionary spending and its impacts on retailers. While some companies are taking a hit in sales, others are outperforming in this environment – either because they cater to a more affluent customer base or have a powerful macroeconomic tailwind playing in their favor. One of those names is Dick's Sporting Goods (DKS), which reports tomorrow before the bell... Dick's Sporting Goods (DKS): Reports Tuesday, May 23 Outlook: Bullish Fellow sports apparel retailer Foot Locker (FL) set an ominous tone last week when it posted a report that missed on the top and bottom lines and issued lowered guidance from two months ago. Its stock price tumbled 27% on the announcement. 
The bad news? Middle-to-lower-income shoppers continue to pull back on discretionary spending, impacting a retailer like Foot Locker specializing in trendy athletic shoes. The good news? LikeFolio data saw it coming. The chart below highlights the downturn in Foot Locker brand mentions, with the highlighted quarter showcasing the pace volume for the month of May: 
Will Dick's suffer the same fate? While the rest of the market waits for the answer tomorrow, we don't have to wonder... We know the company is NOT recording the same degradation in demand or mentions as LikeFolio recorded in Foot Locker ahead of its earnings. In fact, DKS is gaining steam and increasingly becoming a best-of-breed retailer for athletic wear. Purchase Intent mentions are up by an impressive 30%: 
Outlook? Bullish. BJ's Wholesale (BJ): Reports Tuesday, May 23 Outlook: Cautiously Bearish Also reporting Tuesday before the bell is BJ's Wholesale (BJ), and LikeFolio consumer data paints a bearish outlook. The company's report follows a weak April sales report from Costco (COST), with many consumers struggling to support the high costs of bulk purchases. BJ's Purchase Intent, which includes mentions of signing up for a membership and shopping at the bulk retailer, has slipped by 19% year-over-year. 
That demand appears to be weakening in the second quarter too in a bad nod for guidance. Here's a quick look at some other names we're watching this week and whether they could be set up for bullish or bearish trade opportunities... Click here to continue reading | 
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