March 8, 2018 Company Earnings Update Register for Free Access Takeaways from the 2018 Target Financial Community MeetingThe Coresight Research team attended the 2018 Target Financial Community Meeting in Minneapolis this week. Selected takeaways from the event follow.
March 7, 2018 Company Earnings Update Register for Free Access Target (TGT) 4Q17 Results: Beats on Comps, Guidance Roughly in LineTarget reported 4Q17 adjusted EPS of $1.37, down 5.5% from the year-ago quarter and in line with both the consensus estimate and guidance of $1.30–$1.40. Revenues were $22.77 billion, up 10% year over year and ahead of the $20.53 billion consensus estimate.
March 7, 2018 Company Earnings Update Register for Free Access Urban Outfitters (URBN) Fiscal 4Q18 Results: Company Beats Expectations in Solid QuarterUrban Outfitters reported fiscal 4Q18 revenues of $1.09 billion, up 5.7% year over year and beating the $1.08 billion consensus estimate. Adjusted EPS was $0.69, beating the $0.63 consensus estimate and up from $0.57 in the year-ago quarter.
March 6, 2018 Insight Report Premium Kohl’s and Aldi: A Win-Win for an Overspaced Department Store and a High-Growth Grocery ChainKohl’s will be carving out space from 5–10 of its stores and leasing that space to grocery discounter Aldi.
March 6, 2018 Company Earnings Update Register for Free Access Ascena (ASNA) Fiscal 2Q18 Results: Mixed Quarter, Guides for EPS Below ExpectationsAscena Retail Group reported fiscal 2Q18 revenues of $1.72 billion, down 1.7% from the year-ago quarter but beating the $1.65 billion consensus estimate. Adjusted EPS was $(0.12), down from $(0.07) in the year-ago quarter and missing the consensus estimate of $(0.09).
March 5, 2018 Company Earnings Update Register for Free Access Nordstrom (JWN) 4Q17 Results: Light Quarter, Company Issues Mixed GuidanceNordstrom reported 4Q17 revenues of $4.70 billion, up 9.3% year over year and slightly above the $4.62 billion consensus estimate.
March 5, 2018 Company Earnings Update Register for Free Access JCPenney (JCP) 4Q17 Results: Mixed Quarter, Company Guides in Line with ConsensusJCPenney reported 4Q17 revenues of $4.03 billion, up 1.8% year over year but below the $4.05 billion consensus estimate. Adjusted EPS was $0.57, beating the $0.47 consensus estimate and down from $0.64 in the year-ago quarter.
March 5, 2018 Company Earnings Update Register for Free Access Foot Locker (FL) 4Q17 Results: Misses on Comps, Guides for Flat–Low-Single-Digit Comps in 2018Foot Locker reported 4Q17 adjusted EPS of $1.26, below the $1.37 year-ago figure and above the $1.25 consensus estimate. Revenues were $2.21 billion, up 4.6% year over year and slightly below the $2.22 billion consensus estimate.
March 2, 2018 Event Coverage Register for Free Access Top Takeaways from the TrendSeeder Innovation Series: New Retail Formats PanelThis week, the Coresight Research team attended a TrendSeeder Innovation Series panel called “New Retail Formats, ”which was co-hosted by 24 Seven, TrendSeeder and Davis & Gilbert in New York City. TrendSeeder CEO Avani Patel moderated the panel discussion among industry experts that covered themes such as retail technology, showrooming and improving the customer experience. Here, we share our top takeaways from the event.
March 2, 2018 Company Earnings Update Register for Free Access Lowe’s (LOW) 4Q17 Results: Misses and Guides Below Consensus on EPSLowe’s reported 4Q17 adjusted EPS of $0.74, below the $0.86 year-ago figure and missing the $0.87 consensus estimate. Net sales were $15.49 billion, down 1.8% year over year but above the $15.35 billion consensus estimate.
March 2, 2018 Company Earnings Update Register for Free Access KOHL’S (KSS) 4Q17 Results: Beats on EPS and Revenue, Guides Up for FY18Kohl’s reported 4Q17 revenues of $6.78 billion, up 9.2% year over year and above the $6.74 billion consensus estimate. Adjusted EPS was $1.99, beating the $1.77 consensus estimate and up from $1.44 in the year-ago quarter.
March 2, 2018 Company Earnings Update Register for Free Access Zalando (XTRA: ZAL) FY17 Results: Price Pressures and Higher Fulfillment Costs Weigh on MarginsIn FY17, Zalando grew revenues by 23.4%, toward the upper end of the guided range. It grew gross merchandise volumes (GMV) by 26.5%.
March 2, 2018 Store Tracker Databank Members Weekly Store Openings and Closures Tracker 2018, Week 9: Charlotte Olympia Files for Bankruptcy, Closing All StoresYear-to-date 2018, the number of US store closure announcements stands at 2,050 and the number of store openings is 1,548.
March 1, 2018 Company Earnings Update Register for Free Access TJX Companies (TJX) Fiscal 4Q18 Results: Comps Beat Estimate, Company Guides Up for FY19TJX Companies reported fiscal 4Q18 revenues of $10.96 billion, up 15.8% year over year and above the $10.76 billion consensus estimate. Adjusted EPS was $1.19, below the $1.27 consensus estimate and up from $1.03 in the year-ago quarter.
March 1, 2018 Company Earnings Update Register for Free Access Carrefour (ENXTPA: CA) FY17 Results: Profits Fall amid Tough Conditions and €1 Billion ChargeCarrefour announced a 14.7% fall in recurring operating income in FY17, yielding a decline in operating margin from 3.1% in FY16 to 2.5% in FY17.
