November 3, 2017 Company Earnings Update Register for Free Access Morrisons (LSE: MRW) 3Q18 Update: Continued Solid Comp GrowthMorrisons reported solid comp growth of 2.5% in 3Q18, with retail comps of 2.1%.
November 2, 2017 Company Earnings Update Register for Free Access Next (LON: NXT) 3Q17 Trading Update: Continued Weak Sales in Retail SegmentBritish fashion retailer Next reported that total full-price sales increased by 1.3% in 3Q17. Full-price sales in the Next Retail segment declined by 7.7% year over year, while Next Directory full-price sales increased by 13.2%.
November 1, 2017 Company Earnings Update Register for Free Access Under Armour (UAA) 3Q17 Results: Revenues Miss Estimates amid Weak North American Sales; Company Lowers FY17 OutlookUnder Armour reported 3Q17 adjusted EPS of $0.22, versus consensus expectations of $0.19. Total revenues were $1.41 billion, below the $1.49 billion consensus estimate and down 4.5% year over year.
October 27, 2017 Company Earnings Update Register for Free Access Amazon (AMZN) 3Q17 Results: Another Blowout Quarter, with 34% Sales GrowthAmazon reported 3Q17 EPS of $0.52, flat year over year but beating the $0.07 consensus estimate. Net sales (including Whole Foods Market) were $43.7 billion, up 33.7% year over year and beating the $41.6 billion consensus estimate.
October 26, 2017 Company Earnings Update Register for Free Access Hudson’s Bay Company and WeWork Redefine the Traditional Department StoreHudson’s Bay Company (HBC) entered into a strategic partnership with WeWork Companies to sell its New York City flagship Lord & Taylor store to WeWork Property Advisors in a transaction valued at $850 million. The Lord & Taylor flagship,located on FifthAvenue at38thStreet, is expected to continue operations in the entire building through the 2018 holiday season. After that, the building will be converted into a combined space housing WeWork’s New York headquarters and a redesigned, smaller Lord & Taylor retail store of approximately 150,000 square feet(down from its current size of 650,000 square feet).
October 23, 2017 Flash Report Register for Free Access Target Herald Square Grand Opening and Store TourThe New York FGRT team attended the grand opening celebration of Target’s new store in Herald Square in New York City last week.
October 20, 2017 Company Earnings Update Register for Free Access Unilever (LSE: ULVR) 3Q17 Update: Sales Miss Estimates, Hit by Poor Weather and Natural DisastersUnilever reported 3Q17 sales of €13,166 million, well below the consensus estimate of €14,206 million and down 1.6% year over year.
October 19, 2017 Company Earnings Update Register for Free Access Carrefour (ENXTPA: CA) 3Q17 Update: Very Weak French Performance and Lower Brazilian Inflation Drag Down the Top LineCarrefour reported that 3Q17 net sales were up just 0.4%. Net sales were up 1.9% at constant currency.
October 19, 2017 Company Earnings Update Register for Free Access Zalando (XTRA: ZAL) 3Q17 Trading Update: Strong Sales Growth, but Declining Profit Margins Due to Growth InvestmentsZalando expects to report 3Q17 revenues of €1,064–€1,081 million, according to preliminary figures, representing growth of 27.5%–29.5% year over year.
October 18, 2017 Company Earnings Update Register for Free Access Groupe Casino (EPA: CO) 3Q17 Trading Update: Sales Beat Consensus, but Growth Stymied by Inflation in BrazilGroupe Casino reported that 3Q17 revenues were up 1.9% from the year-ago period and ahead of the consensus estimate. Comparable sales increased by 2.2%.
October 18, 2017 Company Earnings Update Register for Free Access ASOS (LSE: ASC) FY17 Results: Strong, Largely In-Line GrowthASOS grew revenues by 33% in the year ended August 31.
October 11, 2017 Company Earnings Update Register for Free Access Takeaways from Walmart’s 2017 Investment Community Meeting: Moving with SpeedThe FGRT team attended Walmart’s 2017 Investment Community Meeting, held near the company’s headquarters in Bentonville, Arkansas, this week. Selected takeaways from the meeting include:
October 6, 2017 Company Earnings Update Register for Free Access TESCO (LSE: TSCO) 1H18 Results: Sustained Growth, Better Comps, Fatter MarginsTesco reported group revenues of £28.35 billion for the first half of fiscal 2018, up 3.7% year over year and ahead of consensus.
October 6, 2017 Company Earnings Update Register for Free Access Costco Wholesale (COST) Fiscal 4Q17 Results: Beats on the Top and Bottom LinesCostco reported fiscal 4Q17 EPS of $2.08, up 17.9% from the year-ago quarter and beating the consensus estimate of $2.02. Revenues were $42.3 billion, up 15.7% year over year and beating the consensus estimate of $41.63 billion.
September 29, 2017 Company Earnings Update Register for Free Access H&M (STO: HM-B) 3Q17 Results: Sales Below ExpectationsSwedish fashion retailer H&M reported SEK 51.2 billion in net sales in 3Q17, below the consensus estimate of SEK 52.0 billion and up 4.6% year over year. Constant-currency sales increased by 4.0% in 3Q17.
