Mar 30, 2023 – (SeoXnewsWire) – London, UK — The retail sector in the United States has been experiencing a surge in sales despite inflationary pressures and rising commodity prices. The holiday season marked the start of an impressive year for retailers, and sales in January exceeded analysts’ expectations, rising by 3%. In February, Mastercard SpendingPulse reported a year-over-year increase in retail sales of 6.9%.
Retail sales were primarily driven by spending at restaurants and bars, which saw a rise of 14.2% year over year. Moreover, online sales increased by 13.2% annually, indicating that e-commerce continues to play a crucial role in boosting retail sales.
According to a stocks expert at Trader Minds, Stocks such as Urban Outfitters, Inc., Tapestry, Inc., Casey’s General Stores, Inc., and DICK’S Sporting Goods, Inc. are expected to benefit from the surge in retail sales.
- Urban Outfitters Inc (URBN)
Urban Outfitters Inc is a fashion-forward lifestyle speciality retailer that offers a wide range of fashion apparel, accessories, home decor, footwear, and gift products. URBN caters to a diverse audience, and its merchandise is sold through various channels, including stores, catalogues, call centers, and e-commerce platforms. The company operates in the US, Canada, and Europe, and its unique products and exceptional customer service make it a go-to option for fashion-conscious consumers.
URBN’s expected earnings growth rate for the current year is an impressive 41.7%, indicating the company’s strong financial performance. Moreover, the Zacks Consensus Estimate for this year’s earnings has risen by 11.2% over the past 60 days, underscoring the market’s confidence in the stock.
Urban Outfitters Inc (URBN) is an attractive stock option for investors seeking a lucrative investment opportunity. The company’s diversified product portfolio, coupled with its strong brand image and impressive financial performance, make it a sound investment in the retail sector.
The stocks of Urban Outfitters Inc are listed on NASDAQ under the ticker symbol URBN. The total market cap of Urban Outfitters Inc is US$ 2.37B. The outstanding shares are 92,180,709. URBN has earnings per share (EPS) of 0.34, and its current revenue is 1.38B.
- Tapestry Inc (TPR)
Tapestry Inc is a leading designer and marketer of lifestyle products, offering an exquisite collection of accessories, footwear, jewellery, fragrance, and watches for both women and men. TPR’s products are designed to cater to the fashion-savvy audience in the United States and around the world, making it a popular choice among discerning consumers.
With an expected earnings growth rate of 7.2% for the current year, TPR’s strong financial performance makes it an attractive investment option. Moreover, the Zacks Consensus Estimate for 2023 earnings has increased by 2.5% over the past 60 days, indicating the market’s confidence in the stock. Tapestry Inc (TPR) is a smart investment for investors looking for a promising stock in the retail sector.
The stocks of Tapestry Inc are listed on NYSE under the ticker symbol TPR. The total market cap of Tapestry Inc is US$ 9.66B. The total number of outstanding shares is 236,075,634. TPR has earnings per share (EPS) of 1.36, and its current revenue is 2.03B.
- Caseys General Stores Inc (CASY)
Casey’s General Stores Inc. is a rapidly growing retail chain that operates convenience stores in the Midwest region of the United States. These stores offer customers a wide variety of products, including tobacco and nicotine products, groceries, and liquor. The company is also expanding into new segments, such as food delivery and fuel sales, which are expected to drive growth in the coming years.
Additionally, Casey’s is well-positioned to benefit from the current surge in retail sales, which has led to increased consumer spending. With its strong financials and consistent earnings growth, Casey’s General Stores Inc. (CASY) is a solid investment option for investors looking to add retail stocks to their portfolios.
The stocks of Caseys General Stores Inc are listed on NASDAQ under the ticker symbol CASY. The total market cap of Caseys General Stores Inc is US$ 7.84B. The number of total outstanding shares is 37,262,452. CASY has earnings per share (EPS) of 2.67, and its current revenue is 3.33B.
- Dick’s Sporting Goods Inc (DKS)
Looking for a great stock to add to your portfolio? Look no further than Dick’s Sporting Goods Inc (DKS). This company offers a wide variety of athletic apparel, shoes, and equipment for team sports, fitness, and outdoor activities. With associates who are passionate about sports and knowledgeable about their products, DKS offers an exceptional shopping experience both in-store and online.
The company’s anticipated growth rate for the current year’s earnings is a solid 7.2%, and the Zacks Consensus Estimate for 2023 earnings has elevated by 7.4% over the past 60 days. Plus, with DKS’s commitment to sustainability and responsible business practices, you can feel good about investing in a company that’s doing its part to make the world a better place. Add DKS to your portfolio today and watch your investments soar.
The stocks of Dick’s Sporting Goods Inc are listed on NYSE under the ticker symbol DKS. The total market cap of Dick’s Sporting Goods Inc is US$ 12.1B. The number of outstanding shares is 83,411,496. DKS has earnings per share (EPS) of 2.93, and its current revenue is 3.6B.
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