Retail and Consumer Resilience Take Center Stage in Heavy Earnings Week

The final week of February 2026 opens with a high-stakes look at the health of the American consumer, as a diverse array of companies across the retail, travel, and utility sectors prepare to report quarterly results. This earnings cluster is particularly significant as it bridges the gap between the initial wave of big-tech reports and the final assessment of discretionary spending trends that defined the start of the year. With the Federal Reserve's interest rate path remaining a central concern for equity markets, the guidance provided by these firms will offer essential clues regarding corporate resilience in a higher-for-longer environment.

Lowe’s Companies and Macy’s represent the two poles of the retail sector reporting this week. For Lowe’s, the focus remains squarely on the housing market and professional contractor demand. As mortgage rates have fluctuated, the home improvement giant has had to navigate a shift from large-scale renovations to smaller, necessary maintenance projects. Investors will be looking for signs that the Pro segment continues to provide a buffer against softer DIY spending. Conversely, Macy’s enters its reporting window amidst ongoing pressure to unlock value from its massive real estate portfolio and revitalize its brand identity. The department store's performance is often viewed as a bellwether for middle-class discretionary spending, making its outlook on inventory management and promotional activity a key metric for the broader retail landscape.

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Finally, the financial technology and services sector will see updates from Fidelity National Information Services and Domino's Pizza.

In the automotive space, AutoZone provides a different perspective. Historically, the auto parts retailer has performed well during periods of economic uncertainty as consumers opt to repair existing vehicles rather than purchase new ones. A strong showing from AutoZone could signal that consumers are tightening their belts, even as the broader labor market remains relatively tight. This counter-cyclical nature makes AutoZone a critical data point for analysts trying to gauge the severity of any potential economic cooling. The ability of the company to maintain high margins despite rising labor costs will be a primary focus for institutional investors.

The travel and leisure sector is also in the spotlight with Norwegian Cruise Line Holdings. After years of navigating pandemic-related debt and operational hurdles, the cruise industry has seen a resurgence in booking volumes. However, the focus has now shifted from mere volume to yield management and debt servicing. Norwegian’s ability to maintain pricing power in the face of rising fuel costs and labor expenses will be a primary concern for investors. If the company can demonstrate a path toward significant deleveraging while maintaining high occupancy rates, it could catalyze a broader rally in the travel sector.

Beyond retail and travel, the reports from American Tower and Sempra highlight the ongoing demand for infrastructure and energy. American Tower, a leader in telecommunications infrastructure, is a play on the continued rollout of 5G technology and global data consumption. As a Real Estate Investment Trust (REIT), its performance is sensitive to interest rate movements, but its long-term lease structures offer a degree of predictability that is highly valued in volatile markets. Sempra, meanwhile, sits at the intersection of the energy transition and traditional utility services. Its results will provide insight into the capital expenditure trends required to modernize the grid and expand liquefied natural gas infrastructure.

Finally, the financial technology and services sector will see updates from Fidelity National Information Services and Domino's Pizza. As the plumbing of the global financial system undergoes digital transformation, FIS’s ability to integrate its recent acquisitions and streamline its operations will be under the microscope. Domino's, on the other hand, will provide a window into the quick-service economy, where delivery costs and digital ordering efficiency are the primary drivers of growth. Collectively, these earnings reports will either reinforce the narrative of a soft landing or suggest that the cumulative impact of monetary tightening is finally beginning to weigh on corporate earnings and consumer behavior.