Dollar Tree IncRising US retail sales and strong online spending support Dollar Tree's sales outlook.
U.S. retail sales rose 0.2% in June, matching expectations and marking a 6.7% year-over-year gain, as lower gasoline prices and a surge in online spending supported the sector. Receipts at gas stations fell 5.3%, while online retail sales climbed 1.9%, helped by Amazon Prime Day. Against this backdrop, Zacks Investment Research highlights five retail stocks with strong online presence and favorable earnings outlooks: Amazon.com, Five Below, Dollar Tree, Target, and The TJX Companies. Five Below carries a Zacks Rank #1 with expected earnings growth of 35.1% for the current year, while Amazon.com, Dollar Tree, Target, and TJX hold a Zacks Rank #2, with earnings growth estimates ranging from 9.3% to 23.6%.
Dollar Tree IncRising US retail sales and strong online spending support Dollar Tree's sales outlook.
Target CorporationRising US retail sales and strong online spending support Target's sales outlook.
Five Below IncRising US retail sales and strong online spending support Five Below's sales outlook.
The TJX Companies IncRising US retail sales and strong online spending support TJX's sales outlook.
Amazon.com IncOnline retail sales climbed 1.9% helped by Amazon Prime Day, boosting Amazon's e-commerce demand.