Research | Coresight Research

PVH (NYSE: PVH) 2Q19 Results: Beats Consensus Sales and Earnings Estimates but Reduces FY19 Outlook on Volatile Macro Environment

Coresight August 30, 2019

2Q19 revenues increased modestly to $2.36 billion versus the $2.33 billion consensus, as currency exchange rates clipped about 200 basis points (bps) from revenue growth, worth some $5 million and $0.06 per share. Adjusted 2Q19 EPS declined 3.8% to $2.10 versus $2.18 in the year-ago quarter and the $1.88 consensus estimate.

Company Earnings Update

Tiffany & Co. (NYSE: TIF) 2Q19 Results: Sales Miss but Management Reiterates FY19 Guidance

Coresight August 29, 2019

Tiffany reported EPS of $1.12, down 4.3% but beating the consensus estimate of $1.04. Total revenue for the quarter declined 2.5% to $1.05 billion, missing the consensus estimate of $1.06 billion.

Deep Dive

Fashion Online to Offline

Coresight August 23, 2019

Driven by advancements in digital channels, digitally native retailers are adapting to consumer preferences - but are also opening brick-and-mortar stores.

Company Earnings Update

Tapestry (NYSE: TPR) 4Q19 Results: Coach and Stuart Weitzman Drive Results as Kate Spade Disappoints but Offers Upside

Coresight August 16, 2019

Tapestry is focused on protecting Kate Spade brand in promotional outlet channel and increasing product differentiation and distinctive newness to drive conversion.

Store Tracker

Reviewing Year-to-Date US Store Closures and Openings

Coresight August 15, 2019

In this report, we review year-to-date announced store closures and openings in the US, by sector.

Company Earnings Update

Farfetch (NYSE: FTCH) 2Q19 Results: Strong Growth Driven by Platform GMV

Coresight August 9, 2019

Farfetch reported 2Q19 revenues grew 42.7% to $209.3 million and active users increased 55.7% to 1.8 million. The company anticipates luxury will reshape itself to move to a direct-to-consumer model.

Company Earnings Update

Capri Holdings (NYSE: CPRI) 1Q20 Results: Revenue Misses Estimates, Reduces Revenue Guidance

Coresight August 8, 2019

Capri Holdings reported 1Q20 adjusted EPS of $0.95, above the $0.90 consensus estimate. Revenues increased 11.9% to $1.34 billion on a reported basis, missing the $1.37 billion estimate.

Company Earnings Update

Prada (SEHK: 1913) 1H19 Results: Sales Increase Slightly, In Line with Market Expectations

Coresight August 6, 2019

In 1H19, Prada’s net revenue was €1.57 billion, up 1.9% year over year at a constant- currency basis. Net retail sales rose 2.4%, to €1.55 billion.

Store Tracker

Weekly US and UK Store Openings and Closures Tracker 2019, Week 31: Tractor Supply Company Opens More Stores

Coresight August 2, 2019

In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.

Deep Dive

US Retail Inventory Tracker, 1Q19

Coresight August 2, 2019

Most Coresight 100 retailers witnessed a decline in consumer spending, which translated into poor sales and inventory buildup in comparison to the same quarter last year. Tariffs and strategic investments also drove inventory accumulation.

Insight Report

New Retail Briefing: Tmall Launches Offline Experiential Center to Connect Brands to Consumers

Coresight July 30, 2019

Alibaba’s flash sale and group buying platform Juhusuan introduced an updated version of Jutudi, an initiative to offer fresh farm produce at a lower price. Tmall launched an experiential center to invite brands to connect with customers offline.

Company Earnings Update

Kering (ENXTPA: KER) 1H19 Results: Double-Digit Sales and Earnings Gains Driven by Gucci

Coresight July 29, 2019

Gucci and Saint Laurent drive solid Double Digit Sales and Earnings Gains

Company Earnings Update

LVMH (ENXTPA: MC) 1H19 Results: Strong Sales Propelled by Fashion & Leather Goods, and Asia Region

Coresight July 29, 2019

LVMH reported 15% 1H sales growth propelled by its fashion and leather goods business, which grew sales 21%.

Store Tracker

Weekly US and UK Store Openings and Closures Tracker 2019, Week 30: GNC Set to Close More Stores

Coresight July 26, 2019

Deep Dive

Casualization Drives Growth in the US Menswear Market

Coresight July 25, 2019

Growth in the $89B US menswear market is driven by demand for more casual apparel. Athletic menswear brands, Nike, Adidas, and Under Armour, are taking market share from traditional brands.