By Jharonne Martis
Eighty percent of companies in our Retail/Restaurant Index have reported Q3 2018 EPS. Of the 166 companies in the index that have reported earnings to date, 69% have reported earnings above analyst expectations, 8% reported earnings in line with analyst expectations and 23% reported earnings below analyst expectations. The Q3 2018 blended earnings growth estimate is 17.9%.
The 3Q 2018 blended revenue growth estimate is 6.1%. 53% have reported revenue above analyst expectations, and 47% reported revenue below analyst expectations.
Of the 46 retailers that have reported 3Q Same-Store Sales, 55% exceeded estimates, while 2% matched and 43% missed.
Exhibit 2: Retail Same-Store Sales Scorecard- Q3 2018
Restaurant Same-Store Sales:
Of the 35 restaurants that have reported 3Q Same-Store Sales, 46% exceeded estimates, while 54% missed.
Exhibit 3: Restaurant Same-Store Sales Scorecard - Q3 2018