March 12, 2019 Company Earnings Update Register for Free Access Costco Wholesale (NASDAQ: COST) Fiscal 2Q19 Results: Solid Quarter with Slightly Light Revenues and Blowout EPSCostco reported fiscal 2Q19 revenues of $35.40 billion, up 7.3% year over year and slightly below the $35.65 billion consensus estimate. EPS was $2.01, up 26.6% year over year and handily beating the $1.69 consensus estimate. Comps (excluding gasoline and other items) increased 6.7%, and e-commerce comps increased 25.5%.
March 11, 2019 Company Earnings Update Register for Free Access Big Lots (NASDAQ: BIG) 4Q18 Results: Revenues in Line, Big Beat on EPS, Guides for Lower EPSBig Lots reported 4Q18 revenues of $1.60 billion, down 2.6% year over year. Adjusted EPS handily beat the consensus estimate. Comps increased 3.1%. The company guided for a low single digit increase in comps in 2019 and adjusted EPS of $3.55-$3.75 (down 7%-12%), in line with the consensus estimate.
March 11, 2019 Deep Dive Premium Amazon Beauty: Who Is Selling What? An Exclusive Analysis of Over 200,000 Beauty and Personal Care Listings on Amazon.comWe analyze Amazon’s beauty and personal care offering, based on aggregated data on over 200,000 products listed on Amazon.com’s US beauty website, collated with competitive intelligence provider DataWeave. We also include summary data from our recent survey of US beauty and personal care shoppers.
March 8, 2019 Market Navigators/Market Outlook Premium Sector Overview: Consolidation, Collaboration and Innovation Coming to US DrugstoresEach of our Sector Overview reports provides an essential briefing on a sector or market. In US drugstore retailing. Collaborations and alliances formed last year will manifest synergies in the form of innovation in offerings.
March 8, 2019 Company Earnings Update Register for Free Access American Eagle Outfitters (NYSE: AEO) Fiscal 4Q18 Results: Revenues Up, Comps Up 23% at Aerie, Opening 60-70 Aerie Locations in 2019AEO reported fiscal 4Q18 revenues of $1.24B, lower than the consensus estimate of $1.B, and up 1.3% YoY. The company reported 4Q18 EPS of $0.43, higher than the consensus estimate of $0.42 and exceeding the company’s guidance of $0.40-$0.42, but lower than the year ago period. American Eagle’s fourth quarter comp sales rose 3%, marking the seventh consecutive quarter of comp increases. In 1Q19, the company projects EPS of $0.19 to $0.21, lower than the consensus estimate of $0.24. AEO expects comparable sales to be in the positive low single digits. The company expects to open 60-70 stores in 2019.
March 8, 2019 Flash Report Register for Free Access Amazon Plans to Drop its Pop-Up StoresAmazon plans to close 87 of its pop-up stores by the end of April, a company spokesperson confirmed to the Wall Street Journal. The pop-ups sell other brands of Amazon consumer electronics products, and their existence underscores Amazon’s willingness to experiment with various retail formats and make changes based on data collected.
March 8, 2019 Company Earnings Update Register for Free Access Burlington Stores (NYSE: BURL) Fiscal 4Q18 Results: Revenues Up, Missed Consensus, Opening 50 Net New Locations in 2019Burlington Stores, Inc. reported fiscal 4Q18 revenues of $1.99B, lower than the consensus estimate of $2.05B, and up 2.8% YoY. The company reported adjusted 4Q18 EPS of $2.83, higher than the consensus estimate of $2.77 and 28.1% higher than the year ago period which excludes the impact of the third week and the revaluation of 2017 deferred tax liabilities. Fourth quarter comparable store sales increased 1.3%, lower than the consensus estimate of 3.2%. 1Q19 earnings per share guidance is $1.21-$1.31, lower than the consensus estimate of $1.36. The company projects total sales to increase 7%-9%, compared to the consensus estimate of 8.9%. The company expects to open 50 net new stores in 2019.
March 8, 2019 Company Earnings Update Register for Free Access Kroger (NYSE: KR) Fiscal 4Q18 Results: Comp Growth Strengthens, as Management Points to the Fruits of Its “Restock Kroger” ProgramKroger reported a 1.8% increase in same-store sales in 4Q18, up from 1.6% in the prior quarter and in line with consensus. Total reported sales declined due to the divestiture of its convenience store business.
March 7, 2019 Company Earnings Update Register for Free Access Kohl’s (NYSE: KSS) Fiscal 4Q18 Results: Revenues Down, Comps Up, Positively Impacted by Competitor Store ClosuresKohl’s reported 4Q18 revenues of $6.82 billion, down 3.3% year over year. The company reported 4Q18 EPS of $2.24, up 19.8% from the year ago period. Comparable sales on a shifted basis, increased 1% for the quarter and increased by 1.7% for the year.
March 7, 2019 Company Earnings Update Register for Free Access Urban Outfitters (NYSE: URBN) Fiscal 4Q19 Results: Revenues Up, Comps Up, Plans to Open Net 15 New Stores in 2019Urban Outfitters reported fiscal 4Q19 revenues of $1.13B, up 3.7% year over year. The company reported 4Q19 adjusted EPS of $0.83, up 20.3% from the year ago period. Comparable sales were up 3.7% YoY. By brand, comparable retail sales increased by 4% at Free People, 4% at Urban Outfitters, 2% at Anthropologie. For fiscal FY20, the company plans to open 28 new stores and close 13 stores, with a net of 15 new stores across its banners. The company stated that the Urban Outfitters’ brand recorded exceptional growth in China on its Tmall Global platform, and in the summer of 2019, the Urban Outfitters brand will launch on the larger Tmall Classic platform as well.
March 7, 2019 Company Earnings Update Register for Free Access Ross Stores (NYSE: ROST) Fiscal 4Q18 Results: Beats Estimates, Plans to Open 100 Stores in 2019Ross Stores reported fiscal 4Q18 revenues of $4.1B, up 1% YoY and above the $4.0B consensus estimate. The company’s comparable sales were up 4% in 4Q18 as compared to a 5% increase in 4Q17. For fiscal 1Q19, Ross Stores forecasts comparable sales growth of flat to up 2% and projects EPS to be $1.05–$1.11. The company plans to add 22 new Ross Dress for Less (Ross) and 6 dd’s DISCOUNTS stores in 1Q19. The company plans to open about 100 new stores in 2019, consisting of approximately 75 Ross and 25 dd’s DISCOUNTS locations.
March 7, 2019 Company Earnings Update Register for Free Access Dollar Tree (NASDAQ: DLTR) 4Q18 Results: Beats on Comps and EPS, Announces 2019 Store Optimization Plan of Renovations and ClosuresDollar Tree reported 4Q18 results that beat expectations on comps and EPS. The company announced a “store optimization program” for Fmaily Dollar that includes the renovation of 1,000 stores, the rebannering of 200 stores, and the closure of up to 390 stores. 2019 guidance was below consensus.
March 7, 2019 Company Earnings Update Register for Free Access BJ’s Wholesale Club (NYSE: BJ) 4Q18 Earnings: Beats Consensus Estimates, Light GuidanceBJ’s Wholesale Club reported 4Q18 results beating consensus estimates and offered 2019 guidance below consensus. Revenues were $3.42B, beating consensus of $3.36B, comps ex gasoline were +2.9%, and adjusted EPS was $0.44, beating consensus of $0.36. 2019 revenue guidance of $12.9-$13.2B is below consensus of $13.37B; comps are expected to be +1.5%-2.5%.
March 6, 2019 Company Earnings Update Register for Free Access Target Corp. (NYSE: TGT): 4Q18 Results Beat Expectations, Guides Up and Holds an Upbeat Investor MeetingTarget reported flat 4Q18 total revenues of $22.98 billion, with sales below consensus, however, the year-ago quarter included one extra week ($1.2 billion) of sales. Adjusted EPS was $1.53, beating consensus by a penny. Comps grew 5.3%, beating consensus. Digital sales grew 31%.
March 5, 2019 Market Navigators/Market Outlook Premium Sector Overview: Consumer Packaged Goods — Demand Is Strong, but Companies Must Be Agile to Meet Consumers’ NeedsEach of our Sector Overview reports provides an essential briefing on a sector or market. In this report, we review the global consumer packaged goods (CPG) market.
