May 10, 2017 Company Earnings Update Register for Free Access Zalando (XTRA: ZAL) 1Q17 Results: Strong Revenue Growth Driven by Expanding Customer BaseZalando reported 1Q17 group revenue of €980.2 million, up 23.1% on a reported basis and above the consensus estimate of €978.8 million. The company’s gross margin contracted by 50 basis points year over year, to 41.4%, and its adjusted EBIT margin declined to 2.1%. Diluted EPS remained stable at €0.02 in 1Q17.
May 10, 2017 Company Earnings Update Register for Free Access JD.com (JD) 1Q17 Results: Earnings Beat; JD Logistics Established as Separate Business GroupJD.com reported 1Q17 revenues of ¥76.23 billion, up 41% year over year, and beating the consensus estimate of ¥73.60 billion. Non-GAAP diluted earnings per ADS was ¥1.01, compared to a net loss per ADS of ¥0.15 for 1Q16.
May 9, 2017 Company Earnings Update Register for Free Access H&M (STO: HM-B) Monthly Sales Update: Slight Sales Improvement in AprilH&M reported that total sales rose by 7% year over year in local currencies in April 2017. This compares to growth of 6% in March.
May 9, 2017 Flash Report Register for Free Access Coach to Acquire Kate Spade for $2.4 BillionCoach announced on Monday, May 8, that it has signed a definitive agreement to acquire Kate Spade for $2.4 billion in an all-cash transaction. The transaction is equal to $18.50 per share, a 27.5% premium to the unaffected closing price of Kate Spade shares on December 27, 2016.
May 5, 2017 Company Earnings Update Register for Free Access Adidas (ETR: ADS) 1Q17 Results: North America and Greater China Deliver Strong PerformanceAdidas reported 1Q17 net sales of €5,671 million, up 18.9% on a reported basis and up 16.0% on a constant-currency basis. Net sales for the quarter were above the consensus estimate of €5,387 million. Revenue growth was underpinned by strong performance in North America and Greater China.
May 5, 2017 Company Earnings Update Register for Free Access Morrisons (LSE: MRW) 1Q18 Update: Comps Strengthen FurtherThe UK’s fourth-biggest grocery retailer, Morrisons, reported comps ex fuel of 3.4% for 1Q18.
May 5, 2017 Company Earnings Update Register for Free Access Next (LON:NXT) 1Q17 Update: Weak Sales and Lower FY17 GuidanceBritish fashion retailer Next reported a decline in total full price sales of 3.0%. Next Retail full price sales declined 8.1% year over year, while Next Directory sales increased 3.3%. Sales from new retail space accounted for a full price sales increase of 1.6%.
May 4, 2017 Company Earnings Update Register for Free Access Sainsbury’s (LSE: SBRY) FY17 Results: Growing Scale Fails to Prevent Disappointing Erosion of ProfitabilitySainsbury’s reported that group sales were up 11.6% in the year ended March 2017. Revenues were boosted by the acquisition of general merchandiser Argos as well as by growth in clothing and general merchandise, implying meaningful declines in Sainsbury’s grocery sales.
May 4, 2017 Company Earnings Update Register for Free Access Apple (AAPL) 2Q17 Results: Beats on EPS, 3Q Guidance Below ConsensusApple reported 2Q17 EPS of $2.10, up 10.4% year over year and beating the consensus estimate of $2.02. Revenues were $52.9 billion, up 4.6% year over year and slightly below the $53.1 billion consensus estimate.
May 2, 2017 Company Earnings Update Register for Free Access Baidu (BIDU) 1Q17 Results: Revenue Improved on Higher Spending Per Customer, Non-GAAP Earnings BeatBaidu reported 1Q17 non-GAAP diluted earnings per ADS of ¥6.85, up 0.7% year over year, to beat the consensus of ¥6.15. Revenues reached ¥16.9 billion, up 6.8% year over year and in line with the consensus estimate.
May 2, 2017 Company Earnings Update Register for Free Access Luxottica (MIL:LUX) 1Q17 Trading Update: North American Sales UnderperformingLuxottica reported that its adjusted revenue in 1Q17 increased to €2,384 million, up 5.2% year over year and up 1.9% at constant currency. The result was slightly above the consensus estimate of €2,377 million.
May 2, 2017 Company Earnings Update Register for Free Access VF Corp. (VFC) 1Q17 Results- Broadly In-Line Against a Backdrop of “Retail Dislocation”, Guides For Low Single Digit Revenue Growth in FY17VF Corp. reported 1Q17 EPS of $0.52, which includes a $0.55 contribution from the licensing business that the company agreed to sell on April 4; consensus called for EPS of $0.55.
May 1, 2017 Deep Dive Premium Deep Dive: Active M&A in the Beauty Space Fuels Future GrowthMany global beauty companies have chosen to focus on acquisitions as a key strategy to drive growth. As a result, we have seen a steady rise in merger and acquisition (M&A) activity since 2013. In 2016, there were 91 beauty industry deals announced globally, up 25% from 75 deals in 2013.
April 28, 2017 Company Earnings Update Register for Free Access Amazon (AMZN) 1Q17 Results: Beats Consensus, Guides Down for 2Q ProfitAmazon reported 1Q17 EPS of $1.48, compared with $1.07 in the year-ago quarter and beating the $1.08 consensus estimate. Net sales were $35.7 billion, up 22.6% year over year and beating the $35.3 billion consensus estimate.
April 28, 2017 Company Earnings Update Register for Free Access Under Armour (UAA) 1Q17 Results: Apparel Sales Growth Outpaces Footwear GrowthUnder Armour reported 1Q17 EPS of $(0.01), ahead of expectations of $(0.04).
