May 30, 2018 Company Earnings Update Register for Free Access Foot Locker (FL) 1Q18 Results: Beats on EPS, Misses on CompsFoot Locker reported 1Q18 adjusted EPS of $1.45, up 6.8% from $1.36 a year ago and beating the $1.25 consensus estimate. Revenues were $2.03 billion, up 1.2% year over year and above the $1.96 billion consensus estimate.
May 25, 2018 Flash Report Register for Free Access Macy’s Appoints Paula Price as CFOOn May 23, Macy’s announced the appointment of Paula A. Price as Chief Financial Officer, effective July 9.
May 24, 2018 Company Earnings Update Register for Free Access Target Corp. (TGT) 1Q18 Results: Misses EPS Guidance, Beats on Comps, Reiterates GuidanceTarget reported 1Q18 adjusted EPS of $1.32, below the consensus estimate of $1.39. Revenues were $16.78 billion, up by 3.4% year over year, and roughly in line with the consensus estimate of $16.58 billion.
May 24, 2018 Company Earnings Update Register for Free Access Marks & Spencer (LSE: MKS) FY18 Results: Exceptional Costs Hit Profits; Only on “Mile Three or Four of a Marathon”Marks & Spencer (M&S) reported a 38% fall in operating profit and a 62% slump in pretax profit in FY18. The declines were largely due to costs related to store closures.
May 24, 2018 Company Earnings Update Register for Free Access LOWE’S (LOW) 1Q18 Results: Misses Consensus but Raises Annual Revenue Growth GuidanceLowe’s reported 1Q18 adjusted EPS of $1.19, up by 15.5% year over year, but missing the consensus estimate by two cents. Net sales were $17.36 billion, up by 3.0% year over year, but below the $17.46 billion consensus estimate.
May 23, 2018 Event Coverage Register for Free Access What We’re Hearing at ICSC RECon 2018: 10 Takeaways on Retail Real EstateThe Coresight Research team is attending the ICSC RECon convention, which is taking place in Las Vegas May 20–23. Here, we feature some takeaways from our conversations with the retail real estate executives in attendance.
May 23, 2018 Company Earnings Update Register for Free Access Urban Outfitters (URBN) Fiscal 1Q19 Results: Beats on EPS, Revenue and CompsUrban Outfitters reported fiscal 1Q19 EPS of $0.38, up from $0.10 in the year-ago quarter and above the $0.31 consensus estimate. Total revenues were $855.7 million, up 12.4% year over year and above the $838.4 million consensus estimate.
May 23, 2018 Company Earnings Update Register for Free Access TJX (TJX) Fiscal 1Q19 Results: Misses on EPS, but Raises FY19 GuidanceThe TJX Companies reported fiscal 1Q19 adjusted EPS of $0.96, below the consensus estimate of $1.02. Revenues were $8.69 billion, up 11.6% year over year and beating the consensus estimate of $8.47 billion.
May 23, 2018 Company Earnings Update Register for Free Access KOHL’S (KSS) 1Q18 Results: Progress in Operations Boosts Earnings and ProfitabilityIn 1Q18, Kohl’s reported total revenues of $4.21 billion, up 3.5% year over year. Adjusted EPS was $0.64, beating the $0.50 consensus estimate and up from $0.39 in the year-ago quarter. Comp sales were up 3.6% from the year-ago quarter.
May 23, 2018 Flash Report Register for Free Access JCPenney Chairman and CEO Marvin R. Ellison to Leave for Lowe’sJCPenney’s Chairman and CEO Marvin R. Ellison has been appointed President and CEO of Lowe’s, effective July 2.
May 22, 2018 Deep Dive Premium Subscription Commerce Update – Disruptors Face DisruptionSubscription services continue to capture billions of dollars that would otherwise go to conventional retailers. However, we are now seeing some US subscription commerce disruptors face disruption themselves.
May 21, 2018 Company Earnings Update Register for Free Access Nordstrom (JWN) 1Q18 Results: Misses on Comps, Raises EPS Guidance RangeNordstrom reported 1Q18 EPS of $0.51, up 37.2% year over year and beating the $0.43 consensus estimate. Total revenues were $3.56 billion, up 6.2% and beating the $3.45 billion consensus estimate.
May 18, 2018 Company Earnings Update Register for Free Access Walmart (WMT) Fiscal 1Q19 Results: Net Sales Beat Expectations, Guidance Affected by Portfolio RepositioningWalmart reported fiscal 1Q19 net sales of $121.6 billion, up 4.4% year over year and beating the $119.3 billion consensus estimate. US comps increased by 2.1% in the quarter. Adjusted EPS was $1.14, beating the $1.12 consensus estimate.
May 18, 2018 Company Earnings Update Register for Free Access Macy’s (M) 1Q18 Results: Company Beats Estimates, Raises Full Year GuidanceMacy’s reported 1Q18 adjusted EPS of $0.42 and total revenues of $5,541 million, exceeding analysts’ estimates. Comparable sales were up 3.9% on an owned basis and up 4.2% on an owned-plus-licensed basis.
May 18, 2018 Company Earnings Update Register for Free Access JCPenney (JCP) 1Q18 Results: New Sales Negatively Impacted by Store Closures, Company Results Below EstimatesJCPenney reported 1Q18 net sales of $2.58 billion, down 4.3% year over year and below the $2.62 billion consensus estimate. Comparable sales were up 0.2% for the period. Store closures in FY17 and unseasonal weather during the first quarter negatively impacted results.
