Company Earnings Update | April 19, 2017 Register for Free Access L’Oréal (ENXTPA: OR) 1Q17 Update: Beats Expectations in Another Strong QuarterCosmetics giant L’Oréal saw another robust quarter in 1Q17, reporting comparable sales growth of 4.2%. This was ahead of expectations, but marked a sequential slowing from the prior quarter. Read More
Company Earnings Update | April 19, 2017 Register for Free Access Groupe Casino (EPA: CO) 1Q17 Trading Update: Business in LatAm Shines While Weakening in FranceGroupe Casino reported 1Q17 revenues of €9,321 million, up by 11.6% from the previous year and up by 3.1% on an organic basis. Comps grew by 2.5%. Read More
Company Earnings Update | April 18, 2017 Register for Free Access Carrefour (ENXTPA: CA) 1Q17 Update: In-Line Top Line but Meaningful Weakening Across RegionsCarrefour reported comparable group sales rose 1.4% in 1Q17, marking a significant sequential weakening from 2.9% comparable sales growth in 4Q16. Read More
Company Earnings Update | April 13, 2017 Register for Free Access TESCO (LSE: TSCO) FY17 Results: Exceptional Costs Lead to Net LossExceptional items led Tesco to report a net loss of £54 million and a loss per share of 0.49 pence in FY17. Exceptional items included a £235 million charge over historical profit misstatements. Read More
Company Earnings Update | April 13, 2017 Register for Free Access Prada (HK:1913) FY16 Results: Very Tough Year, Although Trends Improved in Second HalfPrada reported revenue of €3,184 million for FY16, down 10.3% year over year and slightly higher than the consensus estimate of €3,182 million. Read More
Flash Report | April 5, 2017 Register for Free Access Burberry Abandons In-House Strategy and Licenses Beauty Business to CotyBurberry announced that it will once again license its makeup and fragrance brands, this time to Coty, following four years of in-house management. The move marks another major strategy reversal for the group. Read More
Company Earnings Update | April 5, 2017 Register for Free Access Hudson’s Bay Company (HBC) Fiscal 4Q16 Results: Weak Comps, Merchandising Improvement in ProgressHudson’s Bay Company reported fiscal 4Q16 normalized EPS of C$0.01, versus C$0.79 in the prior-year quarter. Revenue was C$4.6 billion, up 2.5% year over year. Read More
Company Earnings Update | April 5, 2017 Register for Free Access ASOS (AIM: ASC) 1H17 Results: Weak Pound, Strong International Sales Drive Growth; Company Raises FY17 Revenue ForecastASOS reported 1H17 revenue growth of 37.5% to £911.5 million. At constant currency, revenue grew by 31%. Read More
Company Earnings Update | April 4, 2017 Register for Free Access Next (LON: NXT) 2Q17 Update: FY17 Guidance Narrowed on Improving SalesBritish 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. Read More
Company Earnings Update | March 31, 2017 Register for Free Access H&M (STO: HM-B) 1Q17 Results: Below Target Sales Growth; New Concept To Be Launched in Early Fall 2017Swedish fast-fashion retailer Hennes & Mauritz AB reported SEK47.0 billion in net sales in 1Q17, slightly below the consensus estimate of SEK48.1 billion and up 8.0% year over year. Constant-currency sales increased by 4.0% in the quarter and UK sales increased 5.0%. Read More
Insight Report | March 31, 2017 Premium Walmart on an Acquisition Spree: A Move to Strengthen its Online PresenceWe believe Walmart—after acquiring a capable e-commerce team from Jet.com—is trying to build an online retail network with Jet.com in the center and other smaller e-commerce brands and retailers at the peripheral. Read More
Company Earnings Update | March 29, 2017 Register for Free Access Ahold Delhaize Updates on Store Divestments and Belgium StrategyThe Belgian Competition Authority (BCA) approved the merger of Ahold and Delhaize Group on March 15, 2016. The approval was conditional upon the divestment of a number of stores and projects, in Belgium, to address competition concerns. Read More
Deep Dive | March 29, 2017 Premium US Consumer Survey— Amazon Yet to Crack the Menswear MarketBrick-and-mortar stores remain the main channel where consumers buy. Two-thirds of surveyed men have bought menswear online, and only 2.6% say they buy most often online. Read More
Company Earnings Update | March 24, 2017 Register for Free Access PVH (PVH) 4Q16 Results: International Sales Growth Helps Offset More Challenging USPVH Corp. reported 4Q16 adjusted EPS of $1.23, above the consensus estimate of $1.19. Read More
Company Earnings Update | March 24, 2017 Register for Free Access Next (LON: NXT) FY16 Results: Retail Store Comparable Sales Fall 5.4%; Weak Guidance for FY17British fashion retailer Next reported £4,097 million in group revenues in FY16, down 1.9% year over year and below the consensus estimate of £4,157 million. Retail store comparable sales declined 5.4% year over year, reflecting meaningful sales erosion. Read More