Strong Demand for Value Fashion, E-Commerce Pure Plays and Sportswear Brands Sustains Pressure on Europe’s Middleground Apparel Retailers

Nike (NYSE: NKE) 3Q19 Results: Digital Growth Powers Forward at a 36% Pace, China Digital Grows Over 60%

Digital Growth Powers Forward at a 36% Pace; 60%+ in China.

Next (LSE: NXT) FY19 Results: Higher SG&A Cost Weighs on Operating Margin; Sees No Impact from Current Brexit Uncertainty

Next reported FY19 total sales of £4,167.4 million, up 1.9% year over year, and in-line with the consensus estimate recorded by StreetAccount.

Alimentation Couche-Tard (TSX: ATD.B) Fiscal 3Q19 Results: Revenue Below Consensus, Merchandise and Fuel Drive Growth

Alimentation Couche-Tard reported fiscal 3Q19 revenue of $16.5 billion, slightly below the consensus estimate of $16.8 billion and up 4.6% from 3Q18.

Williams-Sonoma (NYSE: WSM) 4Q18 Results: Beats on Revenues, Comps in Line, Guides for 2019 EPS Above Consensus

Williams-Sonoma reported 4Q18 revenues of $1.84 billion, up 9.3%. Adjusted EPS was $2.10, up 25.3%. Comps increased 2.4%. The company guided for a 2019 comps of +2%–5% and adjusted EPS of $4.50–$4.70.

ASOS (LSE: ASC) 2Q19 Trading Update: Strong UK Demand, US Logistics Hit by Unexpected Jump in Demand, Guidance Unchanged

ASOS reported 2Q19 group revenues of £658.5 million, up 11.0% year over year on a constant-currency basis. US sales declined due to an unexpected surge in orders causing disruption.

Ocado (LSE: OCDO) 1Q19 Trading Update: Strong Underlying Growth Partially Offset by Fire

Ocado reported 1Q19 retail revenue of £404 million, up 11.2% year over year. The company’s average orders per week grew 11.3% year over year, but the average order size was down 0.2% year over year.

H&M (OMX: HM-B) 1Q19 Update: Sales Beat; Focus Now on Digital

H&M reported 1Q19 net sales of SEK 51.02 billion, up 10.0% year over year, a slightly slower pace compared the 12% growth recorded in 4Q18, but marginally ahead of the consensus estimate of SEK 50.0 billion recorded by StreetAccount.

Prada (SEHK: 1913) 2018 Results: Positive Sales Trends Across All Regions and Categories

Prada is in the midst of a multiyear strategic transformation that should result in increased brand relevancy.

Under Armour, Inc. (NYSE: UAA)

Under Armour is a sportswear performance company that develops, markets and distributes branded performance apparel, footwear and accessories for men, women and youth. The performance apparel and footwear are specifically engineered to suit the needs of athletes. Apparel is the biggest revenue generator for the company, accounting for 66% of total sales in 2017, followed by footwear at 21%.

Adidas (DB: ADS)

Adidas AG is a designer and manufacturer of footwear, apparel and accessories, based in Herzogenaurach, Germany. It is the largest sportswear manufacturer in Europe and second-largest in the world (behind Nike).

Morrisons (LSE: MRW)

Wm Morrison Supermarkets PLC (Morrisons) is a UK-based grocery retailer that operates a supermarket chain and website under the Morrisons brand name.

Steven Madden, Ltd. (NasdaqGS: SHOO)

Steven Madden, Ltd. is a New York-based footwear, accessories and handbags company. Its brands include Steve Madden, Betsey Johnson, Brian Atwood, Big Buddha, Dolce Vita, and others. The company operates across five key segments: wholesale footwear, wholesale accessories, retail, first cost and licensing. The company sells through retail stores and its website, as well as wholesale through department stores, online, value-priced and specialty retailers. First Cost operates as a buying agent for footwear products under private labels for mass-market merchandisers, shoe chains and other mid-tier retailers.

Dollar General (NYSE: DG) 4Q18 Results: Beats on Comps, Light 2019 Earnings Guidance, Expects to Open 975 Stores in 2019

Dollar General reported 4Q18 results that beat on comps but missed on EPS. The company offered light EPS guidance in 2019 due to various investments and plans to open 975 stores.

Dufry (SIX: DUFN) FY18 Results: Solid Year Despite Second-Half Headwinds, Company Expects Strengthening of Revenue Growth

Dufry reported 2018 revenues slightly ahead of expectations, with organic growth of 2.7% versus consensus of 2.4%. Gross profit climbed 4.4% resulting in a 40-bps gain in the gross margin.