Why You Should Ignore Retail's Blowout Earnings Numbers
The retail industry is looking good as many companies hope the pandemic is making its way into the rearview mirror. Store visits are up, comparable sales are soaring, and many companies are reporting record earnings.
Data from Refinitiv indicates that 87% of companies in the S&P 500 reporting earnings so far have beat analyst forecasts, and they're not just beating those estimates but trouncing them.
Source Fool.com