Company Earnings Update | February 8, 2019 Register for Free Access Skechers (NYSE: SKX) 4Q18 Results: EPS Beats Consensus Estimate but Revenues and Comps MissIn 4Q18, the company grew sales 11.4% to $1.08 billion, missing the $1.1 billion consensus estimate. On a constant-currency basis, the company recorded $1.1 billion in sales, up 13.7% year over year, reflecting a $22.3 million currency adjustment. The company’s international wholesale business grew 18.4%, missing the 20.2% consensus estimate. The global retail business increased 7.5%, lower than the 8.1% consensus estimate, while the domestic wholesale business grew 4.8%, missing the 9.0% consensus estimate. Read More
Company Earnings Update | February 8, 2019 Register for Free Access Macerich (NYSE: MAC) 4Q18 Results: Results Meet/Beat Estimates, 2019 FFO Guidance Below ConsensusSame-center net operating income (excluding lease termination revenue) grew 4.2% compared to the year-ago quarter. The Company’s joint venture in One Westside (formerly known as Westside Pavilion) in Los Angeles, entered into a lease with Google for the entirety of its 584,000-square foot office campus. The company’s joint venture in Country Club Plaza in Kansas City entered into a lease with Nordstrom. Read More
Company Earnings Update | February 8, 2019 Register for Free Access Hanesbrands (NYSE: HBI) 4Q18 Results: Champion and International Segment Driving ResultsHanesbrands expects sales of $6.885-6.985 billion driven by a 6% increase in international sales. Growth drivers are Champion in Asia and Europe and increased innerwear sales in Asia, Australia and the Americas. U.S. innerwear sales are expected to decrease about 2% in 2019, down 4% in 1Q with an improving trend throughout the year. Adjusted operating profit of $955-985 million. Adjusted EPS of $1.72-1.80. Net cash from operations of $700-800 million. For 1Q19, guidance is sales of $1.52-1.55 billion, adjusted operating profit of $135-145 million and adjusted EPS of $0.24-0.26. Read More
Company Earnings Update | February 8, 2019 Register for Free Access Brookfield (NASDAQ: BPY) 4Q18 Results: Beats Consensus, Announces a $500 Million Repurchase ProgramBrookfield reported net income of $858 million ($0.51 per unit) versus $958 million ($0.17 per unit) in the year-ago quarter. FFO was $416 million ($0.43 per unit), compared with $286 million ($0.41 per unit) in the year-ago quarter. The increases in FFO in the quarter and year were due to the following factors: Higher investment in core retail and seasonally strong performance in the quarter, along with same-property income growth in the core office business. This strong operating performance more than offset the impact of a higher interest rate environment and negative currency effects. Read More
Store Tracker | February 8, 2019 Premium Weekly Store Openings and Closures Tracker 2019, Week 6: Shopko Set to Close 251 StoresYear to date in 2019, U.S. retailers have announced 2,187 store closures and 1,411 store openings. Read More
Company Earnings Update | February 7, 2019 Register for Free Access Capri Holdings (NYSE: CPRI) 3Q19 Results: EPS Beat Consensus Despite Revenue ShortfallCapri Holdings beat consensus adjusted EPS in 3Q19, reporting $1.76 versus $1.58. Revenues of $1.44 billion were flat year over year and estimate of $1.46 billion. Read More
Insight Report | February 7, 2019 Premium Digital Red Packet Transactions for Chinese New Year Continue to Be Popular in 2019China’s UnionPay, a financial services network which processes payments made via WeChat, Baidu and other applications, saw interbank payment and settlement transactions reach ¥261.7 billion yuan (US$39 billion) on Chinese New Year’s Eve, up 81.3% year over year, according to Shanghai Securities News. The media outlet also said the average response time per transaction processed by China UnionPay was 220 milliseconds, and there were no failed transactions. Read More
Insight Report | February 7, 2019 Premium Chinese New Year Air Travel Takes Off InfographicChinese New Year is a major time for travel: Some 73 million Chinese travelers were expected to make journeys by plane over the 2019 holiday, with Thailand, Japan and Indonesia the top destinations. Read More
Company Earnings Update | February 6, 2019 Register for Free Access Clorox (NYSE: CLX) 2Q19 Results: Aggressive Pricing and Cost-Saving Strategies Begin to Pay OffClorox posted revenue growth of 4%, largely in line with market expectations, while its adjusted EPS of $1.40 beat consensus estimates of $1.30 by 8% in 2Q19, ended December 31, 2018. The company adopted a new pricing strategy for several offerings, including its home care and laundry businesses as part of its 2020 growth strategy. This helped the company manage foreign currency and cost pressures. Read More
Company Earnings Update | February 6, 2019 Register for Free Access Estée Lauder (NYSE: EL) 2Q19 Results: Sales Reach $4 Billion; Company Raises Sales and EPS Guidance for Full YearSkincare, the company’s largest category comprising 43% of its sales, rose 16% on a reported basis (as opposed to constant currency basis) to $1.73 billion from $1.49 billion in the same quarter last year. The company credited the gains in skincare mainly to its Estée Lauder, La Mer, Clinique and Origins brands. Specifically, its Estée Lauder brand launched new product innovations in its Advanced Night Repair Eye Supercharged Complex, driving higher sales, and La Mer also launched new products including The Treatment Lotion Hydrating Mask and The Luminous Lifting Cushion Foundation. Read More
Company Earnings Update | February 6, 2019 Register for Free Access Ralph Lauren (NYSE: RL) 3Q19 Results: Brand Evolution at Ralph Lauren Gaining TractionRalph Lauren reported fiscal 3Q19 adjusted EPS of $2.32, up from adjusted EPS of $2.03 in the year-ago quarter and above the $2.15 consensus estimate. Total revenues were $1.73 billion, up 5.1% year over year (or 6% in constant currency) and above the $1.66 billion consensus estimate. Same-store sales were up 4% during the quarter. By region, in North America digital sales rose 21%, comps were flat for a combined 4% comp; in Europe, digital was up 13% and the instore comp was 3% for a total European comp of 4%; and, Asia experienced a 62% lift in digital commerce and a 4% instore comp for a combined 4% comp. A 9% increase in AUR benefitted sales growth. Read More
Company Earnings Update | February 6, 2019 Register for Free Access Ocado Group (LSE: OCDO) FY18 Results: EBITDA Slides Due to Technology Investments and New Distribution Center OpeningThe company said in 2018 it signed international partnerships with Sobeys, ICA and Kroger to develop the Ocado Smart Platform in Canada, Sweden and the U.S. respectively. Management said that its partnerships are making “good progress.” Bon Preu launched its online offer in Catalonia in November; Groupe Casino continues building its first CFC in the south of Paris; Sobeys has also started building its first CFC site in the greater Toronto area; and Kroger has planned its first three CFCs out of a total of 20 CFCs within three years. In the U.K., Ocado has started to fulfill customer orders for Morrisons from its new facility at Erith. Read More
Insight Report | February 5, 2019 Premium Alibaba vs. Amazon InfographicWe compare the brands and divisions of e-commerce and technology giants Alibaba and Amazon, from devices to content to logistics. Read More
Insight Report | February 4, 2019 Premium Online Retailers Gear Up for Anticipated ¥1 Trillion in Spending with a New Round of Promotions: Chinese New Year Preview UpdateRetail and food-service sales during Chinese New Year grew steadily from 2011 to 2018. During the 2018 Chinese New Year Golden Week (February 15-21), retail sales hit ¥926 billion (about $146 billion), 10.2 % higher than the same period in 2017 — and more than double what it was in 2011, according to Ministry of Commerce statistics. Read More
Question of the Week | February 4, 2019 Free Report Where Do US Adults Shop for Shoes?Question of the Week February 4 2019 – Where Do US Adults Shop for Shoes? Read More
