September 18, 2017 Company Earnings Update Register for Free Access H&M (STO: HM-B) Quarterly Sales Update: Continued Soft Sales GrowthH&M reported total sales rose by 4% year over year in local currencies in 3Q17, for the period June 1 to August 31, 2017.
September 15, 2017 Company Earnings Update Register for Free Access Morrisons (LSE: MRW) 1H18 Results: Strong Comp Growth Feeds into Double-Digit Profit UpliftMorrisons reported continued strong comparable store sales growth in 1H18 and it is outpacing major rivals, as measured by comparable store sales.
September 15, 2017 Company Earnings Update Register for Free Access Next (LON:NXT)1H17 Results: Very Weak Retail Sales and Further Profit DeclineBritish fashion retailer Next reported £1,888 million in group revenues in 1H17, down 2.7% year over year and above the consensus estimate. Retail store sales declined 8.3% year over year, reflecting significant sales erosion.
September 12, 2017 Company Earnings Update Register for Free Access Primark (LSE: ABF) FY17 Pre-Close Trading Update: Soft Comps and Aggressive Store ExpansionAssociated British Foods reported an FY17 pre-close trading update for the 52 weeks ended September 16, 2017. This report focuses on the results for Primark, the company’s retail division.
September 4, 2017 Deep Dive Premium US Online Grocery Update—Reviewing the Shifting LandscapeThe US grocery market is estimated to be worth around $1 trillion in 2017, but only around 2% of that will be spent online.
September 1, 2017 Company Earnings Update Register for Free Access Carrefour (ENXTPA: CA) 1H17 Results: Profits Fall, Warns of Impact on Full-Year Results and Lowers Sales OutlookCarrefour reported 1H17 net sales up by 6.2%, or a 3.2% increase at constant currency.
August 31, 2017 Company Earnings Update Register for Free Access Five Below (FIVE) 2Q17 Results: Beats on Revenues and EPS, Raises Guidance in Line with ConsensusFive Below reported 2Q17 EPS of $0.30, up 69.3% from the year-ago quarter and beating the consensus estimate of $0.26. Revenues were $283.3 million, up 28.7% year over year and beating the consensus estimate of $276.6 million.
August 25, 2017 Company Earnings Update Register for Free Access PVH (PVH) 2Q17 Results: Beats Consensus and Raises EPS GuidancePVH Corp. reported 2Q17 revenues of $2.1 billion, up 7.0% year over year and slightly above the $2.03 billion consensus estimate. Adjusted EPS was $1.69, up from $1.47 in the year-ago quarter and beating both the consensus estimate of $1.64 and the company’s own guidance of $1.60–$1.63.
August 25, 2017 Company Earnings Update Register for Free Access Burlington Stores (BURL) 2Q17 Results: Beats on EPS and Revenue, Raises FY17 GuidanceBurlington Stores reported 2Q17 adjusted EPS of $0.72, up from $0.39 in the year-ago quarter and above both the $0.51 consensus estimate and the company’s own guidance. Total revenues were $1.36 billion, up 8.6% year over year and slightly above the $1.35 billion consensus estimate.
August 25, 2017 Flash Report Register for Free Access Amazon Expands Brick-and-Mortar Presence to 10 Bookstores This Week with Openings in Bellevue and San JoseLess than two years after launching its first brick-and-mortar bookstore, Amazon announced the opening of its ninth and tenth locations this week, in Bellevue, WA, and San Jose, CA. The company plans to open an additional three stores by the end of the year.
August 24, 2017 Flash Report Register for Free Access Amazon’s Bid to Acquire Whole Foods Gains FTC ApprovalOn June 16, Amazon announced the signing of a definitive agreement to acquire Whole Foods Market for $13.7 billion in cash.
August 24, 2017 Company Earnings Update Register for Free Access Lowe’s (LOW) 2Q17 Results: Misses on EPS and Revenue, Sees Strong Comp MomentumLowe’s reported 2Q17 adjusted EPS of $1.57, up from $1.37 in the year-ago period and missing the $1.62 consensus estimate. The company reported revenue of $19.50 billion, which was below the $19.55 billion consensus estimate but up 6.8% from the year-ago quarter.
August 22, 2017 Flash Report Register for Free Access Macy’s Names New President, Announces RestructuringOn August 21 after the market close, Macy’s announced the appointment of Hal Lawton as President, effective September 8. Lawton will be responsible for the Macy’s brand, including merchandising, marketing, stores, operations, technology, and consumer insights and analytics. Lawton was previously SVP of eBay North America. He will report to CEO Jeff Gennette.
August 22, 2017 Deep Dive Premium The Clone Wars: Amazon Go–Type Stores Already Open for Business in ChinaWhile the concept of automatic or unstaffed stores goes back more than 100 years, Amazon recaptured our visions of the store with its first Amazon Go store. However several retailers in China have sprinted ahead and already robotically welcomed customers into their cashierless stores.
August 21, 2017 Company Earnings Update Register for Free Access Alibaba (BABA) 1Q FY18 Results: Beats on Earnings, Expanding Global FootprintAlibaba reported 1Q FY18 revenue of ¥50.2 billion, up 56% year over year, and beat the consensus estimate by 4.8%. The company attributed the strong results to a steady increase in revenues from its core commerce segment, as well as the strong growth in emerging businesses, including cloud computing, digital media and entertainment.
