Company Earnings UpdateJohnson Controls (NYSE: JCI) 3Q19 Results: Meets/Beats Consensus, Investing While Seeing Continued Momentum, Raises Annual EPS Guidance Coresight Research August 1, 2019 Executive Summary Johnson Controls reported fiscal 3Q19 revenues of $6.45 billion, up 2.7% and in line with the consensus estimate. Organic growth was 6%. Adjusted EPS from continuing operations was $0.65, beating the consensus estimate by two cents. Revenues in the field business (building solutions) grew 2% as reported and 5% organically. Revenues in the products business grew 3% and 7% organically. Backlog increased 7% year over year. The company narrowed its 2019 EPS (from continuing operations) guidance range upwards to $1.93-1.95 (up 21%-23% year over year) from $1.85-1.95 previously. This document was generated for
Company Earnings UpdateSimon Property Group (NYSE: SPG) 2Q19 Results: Beats Consensus on Revenues and FFO, Lowers EPS Guidance Coresight Research August 1, 2019 Executive Summary Simon Property Group (Simon) reported revenues of $1.40 billion, up 0.9% year over year and ahead of the $1.34 billion consensus estimate. FFO was $2.99 per share, up 0.3% and beating the consensus estimate of $2.98 per share. Sales per square foot were $669 for the trailing 12 months ended June 30, an increase of 3.5%, and the occupancy rate as of June 30 was 94.4%, down from 94.7% from a year ago. The company reaffirmed its guidance of FFOPS of $12.30-12.40 (up 1-2%) but lowered EPS guidance to $7.04-7.14, from the previous of $7.30-7.40. This document was generated for
Company Earnings UpdateL’Oréal (ENXTPA: OR) 1H19 Results: Strongest Comparable Sales Growth in Over a Decade Coresight Research August 1, 2019 Executive Summary L’Oréal 1H19 revenues grew 11% and adjusted EPS grew 7% year over year, both in line with the StreetAccount estimates. Comparable sales, which exclude the impact of acquisitions and sales and are expressed at constant exchange rates, grew a remarkable 7.3% in 1H19, marking its strongest first-half growth in more than a decade. The growth was mainly led by the company’s active cosmetics and L’Oréal luxe divisions. For FY19, consensus calls for revenues and adjusted EPS to both grow 10%, year over year. This document was generated for
Company Earnings UpdateProcter and Gamble (NYSE: PG) 4Q19 Results: Innovations and Increased Pricing Driving Growth Coresight Research August 1, 2019 Executive Summary P&G reported net sales of $17.1 billion for the fourth quarter of fiscal 2019, an increase of 3.6% compared to the same period last year. Organic sales were up 7% versus last year. The health care and fabric and home care segments recorded the highest organic sales growth at 10% year over year, with net sales of $2.0 billion in health care and $5.7 billion in fabric and home care. For fiscal 2020, P&G targets organic sales growth in the range of 3-4% and net sales up 3-4%. This document was generated for
Event CoverageInsights from Cosmoprof North America 2019: Day 3 Coresight Research August 1, 2019 Executive SummaryThe Coresight Research team was in Las Vegas this week attending Cosmoprof North America 2019. Here are the key insights from this important beauty industry event: Cactus is becoming a popular ingredient in Korea, in products such as facial masks. Brands are offering “the degree of clean ingredients” by SKU. Stem cells may be the next big thing in beauty, with claims that they help to reverse the visible signs of aging. This document was generated for
Flash ReportTop 50 Global eCommerce Power Players of 2020 Coresight Research July 31, 2019 This document was generated for
Deep DiveAmazon: A Timeline of Key Events Coresight Research July 31, 2019 Executive SummaryAs part of our Retailers’ Timelines series, we examine key events in Amazon’s recent history. Over the last two and a half years, Amazon has focused on consolidating e-commerce services, strengthening technology capabilities and investing in cross-industry projects. Get a detailed breakdown of all Amazon M&A, strategy, partnership and sustainability events in our full report. Click here to read our full collection of Retailers’ Timelines. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Insight ReportStreetwear: A Vibrant, Gender-Neutral Category on the Rise Coresight Research July 31, 2019 Executive SummaryStreetwear has grown from a niche sector to a global phenomenon. Genderless design is the common practice in streetwear, in line with a growing gender-neutral trend. Leveraging the “drops” model, street brands have gathered a group of cult followers and reshaped the luxury industry. Exclusivity and collaborations are driving the success of streetwear. Asian consumers are the biggest spenders on streetwear, according to the Streetwear Impact Report. Streetwear is changing the image of luxury brands. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Company Earnings UpdateSteve Madden (NASDAQ: SHOO) 2Q19 Results: Steve Madden Women’s Wholesale and Accessories Drive Strong Momentum, Tariffs Cloud Outlook Coresight Research July 31, 2019 Executive Summary 2Q sales rose 12.4% driven by strong growth in wholesale footwear and accessories. Same-store sales rose 6.2% driven by strong performance in e-commerce. Adjusted operating profit contracted 10 basis points (bps) to 11.0% of sales. Adjusted EPS increased 14.6% to $0.47. The company maintained 2019 sales guidance of a 5-7% gain and adjusted diluted EPS guidance of $1.78-1.86 despite an incremental headwind of approximately $0.05 per share reflecting a tariff increase to 25% from 10% on List 3 products imported from China that came into effect on May 10. This document was generated for
Company Earnings UpdateUnder Armour (NYSE: UAA) 2Q19 Results: North America Revenue Declines, Company Updates Outlook for FY19 Coresight Research July 31, 2019 Executive Summary Under Armour reported 2Q19 sales of $1.19 billion, behind of the consensus estimate of $1.20 billion, and EPS of $(0.04), beating the consensus estimate of $(0.05). Gross margin expanded 170 basis points to 46.5%. For FY19, the company updated its guidance on operating metrics but maintained revenue growth of 3-4% and EPS of $0.33-0.34. This document was generated for
Company Earnings UpdateNCR Corp (NYSE: NCR) 2Q19 Results: Handily Beats Consensus Estimates, Huge ATM Growth, Raises Annual Revenue Guidance Coresight Research July 31, 2019 Executive Summary NCR reported 2Q19 revenues of $1.71 billion, up 11.3% and ahead of the $1.58 billion consensus estimate. Adjusted EPS was $0.76, up 16.9% and beating the $0.67 consensus estimate. Banking revenue increased 19.7% year over year, driven by ATM revenue, which was up 78% in constant currency. Revenues in retail and hospitality also increased year over year. The company raised 2019 revenue guidance growth to up 3-4% from up 1-2% previously and reiterated adjusted EPS guidance of $2.75-2.85 (up 5-9%). This document was generated for
Company Earnings UpdateDufry (SIX: DUFN) 1H19 Results: Profits Decline on Higher Depreciation and Interest Costs; Maintains FY19 Guidance Coresight Research July 31, 2019 Executive Summary Dufry reported 1H19 net sales of CHF 4.1 billion, up 2.1% year over year and in line with the consensus estimate recorded by StreetAccount. The company reported a diluted loss per share of CHF 2.34, compared to a loss per share of CHF 0.18 in the prior year’s quarter and missing the consensus EPS of CHF 1.46, due to higher interest expenses. Dufry maintained its earlier guidance for mid-term organic growth of 3-4%, and equity free cash flow generation in the range of CHF 350-400 million for 2019. This document was generated for
Question of the WeekWhat Are the Most Popular US Retailers for Buy Online Pick Up In Store (BOPIS)? Coresight Research July 30, 2019 QUESTION OF THE WEEK: What Are the Most Popular US Retailers for Buy Online Pick Up In Store (BOPIS)? Walmart and Target are the most popular BOPIS retailers in the US according to an April 2019 Coresight Research survey. Half of BOPIS shoppers had collected an online order from Walmart in the past 12 months. This document was generated for
Insight ReportNew Retail Briefing: Tmall Launches Offline Experiential Center to Connect Brands to Consumers Coresight Research July 30, 2019 Executive Summary“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond. Here’s what’s happening: Alibaba’s flash sale and group buying platform Juhuasuan 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. US fashion brand Tory Burch launched a flagship store on Tmall Luxury Pavilion and introduced a capsule collection designed for Chinese Valentine’s Day. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
Event CoverageAll Retailers Want in on CBD: Insights from Cosmoprof North America 2019 Day 2 Coresight Research July 30, 2019 Executive SummaryThe Coresight Research team is in Las Vegas this week attending Cosmoprof North America 2019. Here are the key insights from day two of the important beauty industry event: Brands are aiming to go “zero waste” by reducing packaging. CBD in beauty is taking off: In the US, Gen Xers are most interested in beauty and personal care products with CBD or hemp and 56% of consumers cited medicinal value as a selling point. A mobile device is where new brands are discovered: Facebook encourages brands to be “mobile first and mobile best.” This document was generated for
