February 27, 2019 Company Earnings Update Register for Free Access Home Depot (NYSE: HD) 4Q18 Results: Misses on Revenues and Comps, Guides Below Consensus, Housing Starts and Permits DownHome Depot reported 4Q18 revenues of $26.49 billion, slightly the $26.58 billion consensus estimate. EPS was $2.09, up 37.2%. For the year, Home Depot reported FY18 revenues of $108.2 billion, up 7.2%, comps increased 5.2% globally and 5.4% in the US. EPS was $9.73, up 33.5%.
February 25, 2019 Company Earnings Update Register for Free Access Wayfair (NYSE: W) 4Q18 Results: Beats Consensus on Revenues and EPS; 1Q19 Guidance in LineWayfair reported 4Q18 revenues of $2.01 billion, operating margins down 173 bps, adjusted EBITDA of $(53.8) million and adjusted EPS of $(1.12). FY18 revenues were $6.8 billion, up 43.6%, adjusted EBITDA was $(215.0) million, adjusted EPS was $(4.09).
February 22, 2019 Company Earnings Update Register for Free Access CVS (NYSE: CVS) 4Q18 Results: Revenues Beat Consensus; FY19 Profit Outlook Poor Due to Aetna IntegrationCVS reported 4Q18 revenues of $54.4 billion and adjusted EPS of $2.14, up 11.5%. FY18 revenues increased 5.3% to $194.0 billion and adjusted EPS by 19.9% to $7.08. CVS expects FY19 revenues to grow 28.4-30.7% to $249.9-254.3 billion.
February 21, 2019 Market Navigators/Market Outlook Premium Sector Overview: Convenience Stores — As Consumers Seek Ever More Convenience, Digitalization PrevailsThe convenience store sector is changing to adapt to consumers who live in an increasingly digitalized world who expect both quality and convenience. E-commerce, hypermarket and supermarket operators are muscling into the space, opening their own smaller retail formats. We expect consolidation as M&A activity continues.
February 21, 2019 Market Navigators/Market Outlook Premium Sector Overview: Mass Merchants — Dollar Stores Expand, Mass Merchandisers Digitalize and Costco Widens Its Lead Among Warehouse ClubsAs store closures resume in earnest in 2019, dollar stores are bucking the trend, expanding rapidly. Look for technology to be a deciding factor in the coming years as brick and mortar companies integrate online and offline offerings.
February 8, 2019 Market Navigators/Market Outlook Premium Sector Overview: US Home and Home Improvement Retailers — Mixed Signals in a Time of BountyAnnual growth in national spending on home improvement and repair is expected to decelerate in 2019, due to rising mortgage interest rates and flat home sales activity, according to the Joint Center for Housing Studies of Harvard University. Despite this deceleration, other indicators such as home prices, permit activity, and retail sales of building materials are expected to continue to strengthen and drive continued increases in spending in 2019.
February 8, 2019 Insight Report Premium Amazon Outpaces the UK and German E-Commerce Markets in 2018We estimate that Amazon grew U.K. revenues 23.3% in 2018, just below 2017’s growth of 24.9% and faster than total U.K. Internet retail sales growth of 14.5% in 2018. In Germany, Amazon revenues climbed 12.1% in 2018, according to our calculations. This compared to an estimated 9.4% increase in total Internet retail sales and Amazon Germany’s 17.5% growth in 2017. In 2018, Amazon captured a 31% share of U.K. Internet retail sales and a 47% share of German Internet retail sales, according to Euromonitor International estimates.
February 5, 2019 Insight Report Premium Alibaba vs. Amazon InfographicWe compare the brands and divisions of e-commerce and technology giants Alibaba and Amazon, from devices to content to logistics.
February 4, 2019 Company Earnings Update Register for Free Access Amazon (NASDAQ: AMZN) 4Q18 Results: Beats Consensus Estimates, Guidance Below ConsensusNorth America revenues were $44.1 billion, up 18.3% year over year, posting operating income of $1.7 billion, compared to a profit of $1.7 billion in the year-ago quarter. International revenues were $20.8 billion, up 15.5% year over year, posting an operating loss of $0.6 billion, compared to a loss of $0.9 billion in the year-ago quarter. AWS revenues were $7.4 billion, up 45.3% year over year, posting an operating profit of $2.2 billion, compared to $1.4 billion in the year-ago quarter.
February 1, 2019 Company Earnings Update Register for Free Access Alibaba (NYSE: BABA) 3Q19 Results: Solid Growth Driven by Core Commerce and Cloud SegmentsManagement noted uncertainty around China’s economy but believes that new initiatives in cloud services and entertainment as well as global expansion will help offset the impact of China’s slowing economic growth. Southeast Asia remains one of the key areas of focus for the near term.
February 1, 2019 Company Earnings Update Register for Free Access Tractor Supply Company (NASDAQ: TSCO) 4Q18 Results: Beats Consensus Estimates, Guidance in Line with ConsensusTractor Supply reported Q4 revenues of $2.13 billion, up 9.2% year over year and above the $2.10 billion consensus estimate. Comps were 5.7%, beating the 3.7% consensus estimate and comprising a 3.0% increase in average ticket and a 2.6% increase in transaction count. All geographic regions and all major product categories had positive comps. Continued strength in everyday merchandise in the consumable, usable and edible categories helped drive comps, in addition to strong sales of winter and other seasonal products.
January 31, 2019 Company Earnings Update Register for Free Access eBay (NASDAQ: EBAY) 4Q18 and FY18 Results: Steady Growth, More Returns for ShareholderseBay reported revenues of $2.88 billion in 4Q18, up 6.3% year over year and beating the consensus estimate of $2.86 billion recorded by Bloomberg. GMV was $24.6 billion, up 1% as reported and 2% on a currency-neutral basis. Gross margin increased 31 basis points to 78.5% and operating margin decreased 82 basis points to 23.7%. Non-GAAP diluted EPS increased 20.3% to $0.71, beating consensus of $0.68.
January 31, 2019 Market Navigators/Market Outlook Premium Sector Overview: North American Food Retailers — Cross-Channel Retailing Is Emerging as the Dominant ModelEach Sector Overview report provides an analysis of a particular retail sector or consumer market. This report covers the North American grocery sector, concentrating on the US. Our coverage focuses on supermarket retailers with some discussion of other grocery channels. Mass merchandisers, warehouse clubs and discount stores are covered in a separate Sector Overview report.
January 30, 2019 Flash Report Register for Free Access Walgreens Boots Alliance Bags Over 60 Shopko Stores After Bankruptcy Court Approves BidsGeneral merchandise retailer Shopko filed for Chapter 11 bankruptcy protection on January 16, 2019. The company attributed its petition for financial restructuring to “excess debt and ongoing competitive pressures.” The retailer stated it would close an additional 38 stores this year, in addition to the 67 previously earmarked for closure, relocate 20 optical centers to freestanding locations and auction off its pharmacy business.
January 29, 2019 Insight Report Premium New Retail Briefing # 2: Alibaba Steps Up Partnerships, NetEase Kaola Opens Flagship StoreAlibaba launched the “A100 Strategic Partnership” program in January 2019 to help partner brands digitalize by giving them access to resources within its ecosystem so participating brands can access Alibaba services in 11 areas to enhance online-offline business integration. Alibaba will also assign a dedicated team to serve each participating brand.
