Earnings week ahead: Nike, Chewy, General Mills, GameStop and more
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Wall Streetâs attention has turned away from corporate earnings and has been understandably drawn to uncertainty in the financial industry and the Federal Reserveâs upcoming decision. Still, earnings chug along into the penultimate week of March, with a handful of critical reports set to come out.
In particular, a number of reports are due from consumer-facing companies. Nike (NYSE:NKE), On Holding (ONON), and Foot Locker (NYSE:FL) are set to provide key insights on apparel and footwear sales. Meanwhile, both Petco (WOOF) and Chewy (NYSE:CHWY) will provide investors with information on pet industry dynamics.
Elsewhere, space-focused upstart Terran Orbital (LLAP) and EV charging names Volta (VLTA) and EVgo (EVGO) are among the other highlights, joining a host of Chinese tech names due to report during the week.
Below is a curated list of earnings reports due in the week of March 20 to 24:
Monday, March 20


Foot Locker (FL)


Foot Locker (FL) leads off the week with its fourth quarter earnings update prior to the opening bell on Monday. Shares of the New York-based retailer have risen nearly 20% to start 2023, contributing to an over 35% gain in the past year. According to Seeking Alpha data, the consensus rating on the stock remains a Hold. However, Credit Suisse moved out of step with the consensus in February, shifting to Buy.
âWe see consistent evidence that the Nike relationship is improving, and weâre increasingly convinced that the planned pullback from FL will be far less damaging than we initially expected,â the bankâs analysts told clients. âSince new CEO Mary Dillon started, weâve seen consistent signals that the relationship has entered a more collaborative phase.â
Elsewhere, the company is said to be exploring inroads to the Indian market.

Consensus EPS Estimates: $0.50
Consensus Revenue Estimates: $2.14B
Earnings Insight: Foot Locker (FL) has beaten EPS estimates in 8 straight quarters, exceeding revenue expectations in 6 of those reports.

Also reporting: PDD Holdings (PDD), Volta (VLTA), and Niu Technologies (NIU)
Tuesday, March 21
Nike (NKE)
Following Foot Lockerâs (FL) report the previous day, Nike (NKE) is expected to post its fiscal third quarter update after the bell on Tuesday. Shares of the Oregon-based footwear giant have run over 15% higher in the 6 months preceding its earnings report, rebounding sharply since the start of the calendar Q4 2022.
According to Seeking Alpha data, analysts have trimmed EPS expectations 21 times while revising revenue estimates upward with the same frequency. The consensus sell-side rating on the stock remains a Buy. However, small research shop Redburn issued the lone Sell rating on the stock just days prior to the print.
The company is currently locked in litigation with Lululemon (LULU) over patent infringement.

Consensus EPS Estimates: $0.54
Consensus Revenue Estimates: $11.44B
Earnings Insight: Nike has beaten EPS estimates in 8 consecutive quarters, rising above revenue expectations in 6 of those reports.

Also reporting: GameStop (GME),Tencent Music (TME), On Holdings (ONON), Citi Trends (CTRN), Terran Orbital (LLAP),and JBS SA (OTCQX:JBSAY)
Wednesday, March 22 


Chewy (CHWY)


Pet-focused online retailer Chewy (CHWY) headlines a host of results due on Wednesday. The Florida-based company is set to post its fiscal fourth quarter results after the closing bell. Shares of Chewy (CHWY) have risen sharply to start 2023 but remain well below their pandemic-driven peak. 
The sell-side consensus remains a Buy as both Roth MKM and Wedbush shifted to bullish ratings in the months leading up to the results. However, Seeking Alphaâs Quant team maintains a Hold, handing Chewy a failing grade on valuation.
Early in 2023, Chewy management indicated a continued focus on telehealth efforts.

Consensus EPS Estimates: $-0.10
Consensus Revenue Estimates: $2.64B
Earnings Insight: Chewy has beaten EPS and revenue estimates in 5 of the past 8 quarters.

Also reporting: Baozun (BZUN), Ollieâs Bargain Outlet Holdings (OLLI), Winnebago (WGO), EVgo (EVGO), and Petco (WOOF), KB Home (KBH)
Thursday, March 23 


General Mills (NYSE:GIS)
General Mills (GIS) will likely be one of the most closely watched reports due on Thursday as the consumer staples stalwart readies to present its fiscal third quarter results in premarket hours. Shares of the Minnesota-based cereal manufacturer have risen sharply in the past month, appearing to benefit from market unease amid the collapse of multiple financial institutions. 
The recent rise amid market unrest was predated by strong guidance offered at the CAGNY conference in late February as well. UBS recently selected the stock as a top dividend pick for 2023.

Consensus EPS Estimates: $0.92
Consensus Revenue Estimates: $4.95B
Earnings Insight: General Mills (GIS) has beaten EPS estimates in 8 consecutive quarters, rising above revenue expectations in 5 of those reports.

Also reporting: Accenture (ACN), Darden Restaurants (DRI), FactSet Research (FDS), BRP Inc. (DOOO), Gambling.com Group (GAMB), Equinor SA (EQNR), Kforce (KFRC), and Charlotteâs Web (OTCQX:CWBHF)
Friday, March 24


Express (EXPR)


Express Inc. (EXPR) is among the more recognizable names on a sparse earnings docket for Friday. The company announced some shifts in the C-suite shortly before the report. Shares of the Ohio-based fashion retailer have fallen over 70% in the past year, plunging beneath the $1 price point. The Seeking Alpha Quant team shifted to a Hold rating on the Thursday prior to the expected report after assigning it a Sell rating for quite some time.

Consensus EPS Estimates: $-0.69
Consensus Revenue Estimates: $524.09M
Earnings Insight: Express has exceeded EPS estimates in 7 of the past 8 quarters, beating revenue expectations in 5 of those prints.

Also reporting: Companhia EnergÃ©tica de Minas Gerais (CIG), Sunlands Technology Group (STG), and IGM Biosciences (IGMS)