Company Earnings Update | March 1, 2019 Register for Free Access JCPenney (NYSE: JCP) 4Q18 Results: Revenues Down, Comps Down, Closing 18 Full-Line Stores in 2019JCPenney plans to close 18 full-line stores and nine ancillary home and furniture stores in 2019. 4Q18 revenues were $3.67B, down 9.5% YoY, below the consensus estimate of $3.72B. Read More
Company Earnings Update | March 1, 2019 Register for Free Access L Brands (NYSE: LB) 4Q18 Results: Mixed Results, Victoria’s Secret to Close 53 Stores in 2019L Brands 4Q18 revenues were $4.85B, up 0.6% YoY and lower than the consensus estimate of $4.91B. The company reported 4Q18 adjusted EPS of $2.14, higher than the consensus estimate of $2.08. Read More
Company Earnings Update | March 1, 2019 Register for Free Access Farfetch (NYSE: FTCH) 4Q18 Results: Strong Finish to 2018, Beating Consensus EstimatesFarfetch’s 4Q18 revenues grew 54.6% to $195.5 million, beating the $180.3 million consensus estimate. GMV rose 50.1%, or $155.8 million, to $466.5 million. Read More
Company Earnings Update | March 1, 2019 Register for Free Access Zalando (XTRA: ZAL) 4Q18 and FY18 Results: Final Quarter Bounce Back, But Falling Basket Sizes and Rising Fulfilment Costs Remain ProblematicZalando reported a strong conclusion to the year with revenues up 24.6% year over year in 4Q18. 4Q18 adjusted EBIT came in comfortably ahead of expectations. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Steve Madden (NASDAQ: SHOO) 4Q18 Results: Steady Navigation Amid Rough Seas on Strength of Steve Madden Brand PortfolioSteve Madden 4Q sales rose 12.6%, same store sales rose 4%, adjusted operating profit contracted 80 bps and adjusted EPS increased 31.3% to $0.42. Adjusted EPS guidance for 2019 is $1.75-1.83. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Best Buy (NYSE: BBY) Fiscal 4Q19 Results: Beats Consensus Estimates and Guides at or Above Consensus for FY20Best Buy (BBY) reported a 4Q18 that beat expectations across the board, and 2019 guidance was in line. Comps were +3.0%, beating the +1.8% consensus. EPS was $2.72, beating the $2.56 consensus. Revenues of $14.8B also beat consensus. For 2019, BBY expects comps of +0.5%-2.5%, in line with consensus of +1.5%. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Ahold Delhaize (ENXTAM: AD) 4Q18 and FY18 Results: Merger Synergies Continue to Boost ProfitsAhold Delhaize reported FY18 net sales of €62.8 billion, up 2.5% at constant exchange rates, and slightly above the consensus estimate. At constant exchange rates, US revenues were up 1.9%. Read More
Company Earnings Update | February 28, 2019 Register for Free Access The TJX Companies (NYSE: TJX) 4Q19 Results: Revenues Up, Full-Year Comps Up for 23rd Consecutive YearTJX fiscal 4Q19 revenues were $11.13B, up 1.5% YoY and beating consensus of $11.02B. The company reported 4Q19 adjusted EPS of $0.68, down 1.4%, and in line with consensus. Comp sales were 6% over a 4% increase in the year ago period. For 1Q20, TJX anticipates diluted EPS to be $0.53 to $0.54, lower than consensus estimate of $0.58. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Lowe’s (NYSE: LOW) Fiscal 4Q18 Results: Mixed Results and In-Line Guidance, Yet Many Opportunities for Improvement in 2019Lowe’s reported mixed Q4 results and 2019 guidance was higher on revenues, in line on EPS. Q4 EPS was $0.80, beating consensus by a penny. Comps were +1.7% below +2.1% consensus. Revenues were slightly light. 2010 revenue guidance was +2%, ahead of +1.8% consensus, comp guidance was +3%, ahead of +2.9% consensus, EPS guidance of $6.00-$6.10 was in line. Read More
Event Presentation | February 27, 2019 Premium Retail Trends and From East to West (ICSC OAC Summit)This presentation discusses retail trends and from east to west Read More
Company Earnings Update | February 27, 2019 Register for Free Access Macy’s (NYSE: M) 4Q18 Results: Revenues Down But Comp Sales Up, Beating EstimatesMacy’s reported 4Q18 revenues of $8.46 billion, down 2.5% year over year and beating the consensus estimate of $8.44 billion. The company reported 4Q18 EPS, excluding special items, of $2.73, down 4.2% from the year ago period but beating the consensus estimate of $2.53. For the full year, the company reported $24.97 billion in revenue, up 0.1% from the year ago of $24.93 billion. Read More
Company Earnings Update | February 27, 2019 Register for Free Access Home Depot (NYSE: HD) 4Q18 Results: Misses on Revenues and Comps, Guides Below Consensus, Housing Starts and Permits DownHome Depot reported 4Q18 revenues of $26.49 billion, slightly the $26.58 billion consensus estimate. EPS was $2.09, up 37.2%. For the year, Home Depot reported FY18 revenues of $108.2 billion, up 7.2%, comps increased 5.2% globally and 5.4% in the US. EPS was $9.73, up 33.5%. Read More
Company Earnings Update | February 26, 2019 Register for Free Access Associated British Foods (LSE: ABF) 1H19 Update: German Weakness Drags Down Eurozone Growth and Prompts Marketing InvestmentABF reported first-half comparable sales at Primark are expected to be down 2%, total sales to be up 4%, that Primark performed well in the UK with weak November store traffic but “good trading” in other months. The US business “continues to perform strongly.” Read More
Company Earnings Update | February 25, 2019 Register for Free Access Wayfair (NYSE: W) 4Q18 Results: Beats Consensus on Revenues and EPS; 1Q19 Guidance in LineWayfair reported 4Q18 revenues of $2.01 billion, operating margins down 173 bps, adjusted EBITDA of $(53.8) million and adjusted EPS of $(1.12). FY18 revenues were $6.8 billion, up 43.6%, adjusted EBITDA was $(215.0) million, adjusted EPS was $(4.09). Read More
Company Earnings Update | February 25, 2019 Register for Free Access Vipshop (NYSE: VIPS) 4Q18 Results: Active Customers Increase Thanks to WeChat Mini Programs, but Revenue Growth SlowsVipshop reported revenue of ¥26.1 billion for the fourth quarter of 2018, up 8.1% year over year. Revenue growth was driven by the increase in the number of total active customers and the apparel category. Gross profit for the quarter increased 2.8% year over year to ¥5.4 billion, while gross margin decreased 110 basis points to 20.6%. Read More
