The reporting season is easing as we head into the summer. While the calendar is lighter than peak earnings season, companies reporting will offer useful insight into trends in technology and consumer spending, with Jabil (NYSE:JBL), Tesco (LON:TESCO) and Beauty Tech (LON:TBTG) updates on deck.
In the US, Jabil will be in focus given the company is a supplier to big-name brands such as Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA). Alongside Jabil, an update from supermarket operator Kroger (NYSE:KR) should provide insights into US consumer behaviour amid rising prices.
In the UK, consumer spending will also be in focus with updates from AO World (LON:AO.), Beauty Tech, Tesco and Whitbread (LON:WTB). In terms of discretionary spending, Beauty Tech Group will be worth watching for potential upgrades, while Tesco will tell us how grocery spending is faring.
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On deck next week
| Date | S&P 500 | FTSE All-Share results | FTSE All-Share trading updates |
| Monday 15 June | — | Peel Hunt (FY) Team Internet Group (FY) | — |
| Tuesday 16 June | — | Accsys Technologies (FY) Inspiration Healthcare (FY) Tatton Asset Management (FY) TPXimpact (FY) | SThree |
| Wednesday 17 June | Jabil (Q3 FY26) | AO World (FY) Castings (FY) CML Microsystems (FY) Oxford Metrics (H1) Speedy Hire (FY) | PZ Cussons |
| Thursday 18 June | Accenture (Q3 FY26) Kroger (Q1 FY26) | Volex (FY) XPS Pensions Group (FY) Record (FY) | Tesco (Q1 trading statement) Whitbread (Q1 trading update) |
| Friday 19 June | — | — | The Beauty Tech (trading update) |
Beauty Tech (LON:TBTG)
Given the positive momentum behind the business, there is good reason to believe Beauty Tech (LON:TBTG) could deliver yet another profit upgrade at its annual general meeting (AGM) on 19 June. Since coming to market in October 2025, the at-home beauty device maker has boosted guidance three times with its top-line growing and margins strengthening.
Alongside April’s FY25 results, Beauty Tech hailed a ‘very encouraging start’ to FY26 with broadbrush growth across key markets and channels. Shareholders will be hoping this will strength has persisted into Q2, and that inflationary pressures and geopolitical uncertainty haven’t prompted consumers to pull back on discretionary spending.
Beauty Tech’s adjusted pre-tax profit almost doubled from £14.9 million to £29.5 million in FY25 on a 40% jump in revenue to £141 million. Sales of the Cheshire-headquartered company’s CurrentBody Skin LED face mask soared 59% to £126 million, while ZIIP Beauty sales climbed 46% to £13 million.
The Laurence Newman-led firm has lots of growth to go for given the global at-home beauty device market remains in its infancy. Analysts at Cavendish forecast an adjusted pre-tax profits glow-up to £35.4 million for FY26, ahead of a rise to £39.4 million in FY27. The broker also foresees the group’s net cash pile building to more than £105 million by FY28, providing ‘optionality around capital allocation’ for the business.
| FY 2026 | FY 2027 | |
| Revenue (£m) | 160.2 | 180.8 |
| EPS (p) | 25.4 | 28.1 |
Source: Cavendish
Jabil (NYSE:JBL)
Jabil (NYSE:JBL) reports fiscal Q3 2026 results before the market opens on Wednesday 17 June. Expectations are high after the company has beaten consensus estimates in each of the past several quarters and repeatedly raised guidance.
Analysts are looking for roughly $3.08-$3.11 adjusted EPS on $8.5-$8.6 billion revenue, implying around 20% earnings growth and 9%-10% revenue growth year-on-year.
For retail investors, the key issue is not the quarter itself but FY2026 guidance. Jabil has become a major beneficiary of AI infrastructure spending through its exposure to data-centre hardware, networking equipment, power systems and liquid-cooling solutions. Major customers include, Apple, Intel, Cisco, Amazon and Tesla.
| Q3 2025 | Q3 2026 | YoY Growth | Q4 2026 | |
| Revenue ($bn) | 7.83 | 8.61 | ~10% | 9.02 |
| EPS ($) | 2.55 | 3.10 | ~21.6% | 3.71 |
Investors will want evidence that AI-related demand remains strong enough to support management’s target of around $34 billion annual revenue.
Three areas to watch:
- AI and Intelligent Infrastructure growth – is momentum still accelerating?
- Margins – can Jabil convert strong AI demand into higher profitability?
- Customer concentration and capital spending trends – any sign hyperscale cloud customers are slowing orders could pressure the shares.
With the stock near record highs, investors may need another guidance upgrade rather than merely an earnings beat to drive further gains.
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Tesco (LON:TSCO)
Shares in the UK’s leading supermarket group have been range-bound for the last six months, so investors will be hoping for a positive update on Q1 trading next week. If the recent Worldpanel grocery sales and market share data are anything to go on, they shouldn’t be disappointed.
For the 12 weeks to mid-May, Tesco’s (LON:TSCO) market share was 28.2%, slightly above its share over the same period last year. Considering the discounters continue to gain share – with Lidl overtaking Morrison this year to claim fifth spot – that is no mean feat.
Till-roll data shows Tesco has consistently increased sales at a faster rate than the overall market this year. The group enjoys strong customer loyalty thanks to its Clubcard and Aldi Price Match campaigns, while Aldi sales have slowed lately.
For the time being, grocery price inflation isn’t deterring shoppers, with May’s 3.1% the lowest since December 2024. However, consumers are ‘leaning into’ discounts according to Worldpanel with nearly a third of sales including some kind of deal. Also, spending on promoted items rose close to 10% while spending on full-price items was more or less flat.
Investors will be keen to hear about the outlook, with the World Cup potentially boosting sales in-store and through convenience stores. Online sales may also get a boost if consumers ‘dine in at home’ and watch England’s progress rather than eat out.
| FY 2027 | FY 2028 | |
| Revenue (£m) | 74,861 | 76,778 |
| EPS (p) | 30.8 | 33.1 |
Source: Tesco company-compiled consensus
