Company Earnings Update | September 13, 2019 Register for Free Access Morrisons (LSE: MRW) 1H20 Results: Sharp Downturn in Retail CompsMorrisons 1H20 comparable sales were up 0.2% year over year: Retail contributed (1.1)% to group comps while wholesale contributed 1.3%. Read More
Company Earnings Update | September 13, 2019 Register for Free Access Hudson’s Bay Company (TSX: HBC) 2Q19 Results: Secures 25% Equity Stake in Le Tote Joint Venture, Cuts Store Portfolio 25%HBC reported 2Q19 revenues of C$1.85 billion, down 0.5% year over year and below consensus. The company reported adjusted 2Q19 EBITDA of C$52 million, down 50.9% from the year-ago period. Read More
Company Earnings Update | September 13, 2019 Register for Free Access Kroger (NYSE: KR) 2Q19 Results: Strong Same-Store Sales and EPS BeatFor 2Q19, Kroger reported same-store sales growth ex fuel of 2.2%, ahead of the consensus estimate of 1.8% and strengthening from 1.5% in the prior quarter. Read More
Deep Dive | September 12, 2019 Premium Amazon Apparel UK: An Analysis of Almost 2 Million Product ListingsWith 1.9 million women’s and men’s clothing products listed, Amazon.co.uk almost certainly offers the UK’s biggest selection of apparel. Read More
Event Coverage | September 12, 2019 Register for Free Access L Brands Investor Day, 2019: Revenue Growth Driven by Bath & Body Works; Product Innovation at Victoria’s Secret is #1 PriorityRevenue at L Brands has been driven by growth at Bed Bath & Beyond (BBW). L Brands is targeting PINK at 19-year-old college student-like consumers, a demographic that totals 30 million. PINK brand hopes to grow its “Seamless” workout business to $1 billion by 2022. Read More
Company Earnings Update | September 12, 2019 Register for Free Access RH (NYSE: RH) 2Q19 Results: Revenues Beat Consensus; Guidance RaisedRH reported 2Q19 revenues of $706.5 million, up 10.3% year over year and beating the $669.3 million consensus estimate. Read More
Company Earnings Update | September 12, 2019 Register for Free Access Casey’s General Stores (NASDAQ: CASY) 1Q20 Results: Revenue Above Consensus, Prepared Food and Grocery Fuel GrowthCasey’s General Stores reported 1Q20 revenue of $2.63 billion, up 1.5% year over year and above the consensus estimate of $2.61 billion. The company reported diluted EPS of $2.31, up 21.6% year over year and beating the consensus estimate of $2.05. Read More
Company Earnings Update | September 10, 2019 Register for Free Access Primark (LSE: ABF) FY19 Pre-Close Trading Update: On Track for Full-Year Margin Increase but FY20 Will Be TougherPrimark FY19 comps were down 1% in the UK, down 3% in the eurozone and up (by an unspecified amount) in the US. Read More
Event Coverage | September 10, 2019 Register for Free Access Alibaba’s Tmall Hosts Third Annual NYFW China Cool Day: A Fusion of Heritage and InnovationAlibaba hosted its 3rd NYFW China Cool Event. Emerging brands Songta and I-am-chen’s shows were bold while contemporary brands, Peacebird, Threegun and Rizhuo merged traditional with modern designs. Read More
Flash Report | September 9, 2019 Register for Free Access Alibaba Acquires Kaola to Strengthen Cross-Border E-Commerce DominanceThe Kaola acquisition represents a meaningful strengthening of Alibaba’s offering in cross-border e-commerce. It will consolidate China’s cross-border e-commerce space, giving Alibaba a dominant share of this market. Read More
Company Earnings Update | September 6, 2019 Register for Free Access American Eagle Outfitters (NYSE: AEO) 2Q19 Results: Mixed Results; Management Hints at Entering Beauty Before Holiday SeasonAEO reported fiscal 2Q19 revenues of $1.04 billion, higher than the consensus estimate of $1.00 billion, and up 7.9% YoY. The company reported adjusted 2Q19 EPS of $0.39, higher than consensus of $0.32. Read More
Company Earnings Update | September 6, 2019 Register for Free Access Alimentation Couche-Tard (TSX: ATD.B) 1Q20 Results: Revenue Below Consensus, Merchandise and Service Drive GrowthAlimentation Couche-Tard reported fiscal 1Q20 revenue of $14.2 billion, down 4.2% year over year and below consensus estimate of $15.1 billion. Read More
Company Earnings Update | September 6, 2019 Register for Free Access Lululemon (NASDAQ: LULU) 2Q19 Results: Revenue and Comps Up in Strong Quarter; Men’s Outperforms Women’sLululemon’s 2Q19 revenues grew 22.1% year over year to $833 million, beating the consensus estimate of $845.6 million. The company reported 2Q19 EPS of $0.96, up 35.2% from the year-ago period, ahead of the consensus estimate of $0.89. Read More
Insight Report | September 5, 2019 Premium Costco’s First China Store: A First Look and a Look AheadOn August 27, Costco opened its first store in China. First-day traffic was so heavy the store was forced to close early due to overcrowding. The Coresight Research team was there for the opening day and made a return visit on August 29. Read More
Deep Dive | September 3, 2019 Premium Holiday 2019: US Shopper SurveyWe take a deep dive into US shoppers’ expectations for the 2019 holiday season. Read More