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U.S. Day Ahead: Inside retail earnings

Tuesday, July 03, 2012 - 02:34

July 3 - Retailers report June same-store sales and may provide updates on their quarterly earnings expectations.

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Retailers facing tough comparisons and it's tough economy -- airport and terrible store sales Thursday after Wednesday's fourth of July holiday. Thomson Reuters same store sales and -- forecasting just 1% increase in June birthday is June 20 alive and sales jumped nearly 7% a year ago. More than twenty companies tracks teen apparel and accessories companies do meet expected to report an eight point 4% gain. The best of the -- on the other hand Walgreen sales predicted sliding eight point 2%. The worst of the group. Companies may provide an update on there earnings guidance as well. For retailers to -- the second month and the second quarter. As a result we could see several retailers giving guidance regarding earnings and sales to on Thursday. So far according to start my debacle is the one company very likely to miss earnings estimates and posting negative surprise. Brazil needs is very likely to beat earnings estimates and posted positive surprise. Not much improvement expected the jobs picture ahead of Friday's nonfarm payrolls data from the Labor Department. Forecasters see -- processed or eighty. Compared to the gain of 133000. Reported in May. Analysts sometimes will tweak their estimates for Friday's number based on this figure. The estimate for weekly jobless claims in the Reuters poll is 385000. That's more or less flat compared to a week earlier. So not much to crow about there. Weakness in the labor market not helping the services sector. The G-20 twelve I SM non manufacturing index out Thursday at 10 AM. The report tracks service companies seen falling in June from may. The estimate is 53 which would represent growth but very slow growth. And finally the famed sheriff Andy house as a way. And eager -- its star of the Andy Griffith Show died at his North Carolina home and at the age of 86. His portrayal of a small town share endear him to millions. The show premiered in the 1960s. And has lived on an indication -- cents. Griffin later start in Matlock and also won a Grammy -- possible -- them in 1996. More coverage be sure to follow us on Twitter at -- -- -- and also check out our YouTube channel at Reuters dot com slash writers TV I'm -- mom. This is for years.

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U.S. Day Ahead: Inside retail earnings

Tuesday, July 03, 2012 - 02:34