U.S. Specialty Retail: Earnings on Deck Week of 05/11/26: Positive EYE

Research evidence excerpt

U.S. Specialty Retail: Earnings on Deck Week of 05/11/26: Positive EYE

Equity Research

11 May 2026

U.S. Specialty Retail

Earnings on Deck Week of

05/11/26: Positive EYE

Earnings week: ONON, PET, and UAA on Tuesday 5/12; EYE on U.S. Specialty Retail, Apparel & Footwear

Wednesday 5/13; GOOS on Thursday 5/14. Despite higher POSITIVE

energy costs weighing on sector sentiment, tax refund U.S. Specialty Retail, Apparel &

Footwear

tailwinds should drive 1Q26 upside broadly. Our checks YTD Adrienne Yih

remain strong, but we are increasingly cautious on macro and +1 212 526 5257

adrienne.yih@barclays.com

2H26 demand. BCI, US

Angus Kelleher

Note that, where relevant, historical promo tracker charts are included in the detail portion of +1 212 526 0081

this note. All short interest data in this report is as of the most recent data point 04/15/26 per angus.kelleherferguson@barclays.com

BCI, USBloomberg.

Michael Vu

Earnings on Deck Week of 05/11/26: Positive EYE. Our 1Q26 earnings season continues this +1 212 526 9568

week, with five companies reporting. Our channel checks year-to-date have been strong thus far michael.vu@barclays.com

and most of our companies are beating sales / EPS forecasts, with: 1) a resilient consumer still BCI, US

spending broadly across discretionary categories spurred by tax refunds; 2) clean inventory Donald Tiburzi

positioning; and 3) controlled promotions across U.S. Retail. Our checks have been and +1 212 526 3253

continue to be strong YTD. Based on history, with gas over $4.00/gallon, we believe spending donald.tiburzi@barclays.com

pressure from higher energy prices may be on the horizon but will take time to materialize in BCI, US

spending trends / retailer results.