Company Earnings UpdateSalesforce (NYSE: CRM) 1Q20 Results: Beats Consensus and Reaffirms/Raises Guidance on Strong Platform Growth Coresight Research June 5, 2019 Executive Summary Salesforce reported fiscal 1Q20 revenues of $3.74 billion, up 24.3% and beating the $3.69 billion consensus estimate. Adjusted EPS was $0.93, which includes a $0.27 per share gain for marking investments to market, compared to the $0.61 consensus estimate. The category “Salesforce platform and other” was the fastest-growing segment, with revenues up 46.4% in the quarter, followed by the marketing and commerce cloud, whose revenues grew 32.9%. The company reaffirmed fiscal 2020 revenue guidance of $16.10-16.25 billion (up 21-22% year over year) and raised adjusted EPS guidance to $2.88-2.90 (up 5% year over year) from $2.54-2.56. The company hopes to organically double revenue over the next four years, targeting revenues of $26-28 billion in fiscal 2023. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Insight ReportNew Retail Briefing: JD.com Extends Group Buying to Hong Kong, Ikea Launches App to Integrate AR with Shopping Coresight Research June 4, 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: JD.com has launched a group buying service in Hong Kong, ahead of the 6.18 shopping festival. Ikea will launch a new app to allow customers to shop remotely. L’Oréal is partnering with Alibaba to introduce new AI skin-testing for acne. McDonald’s China is linking its loyalty program to the Ele.me app. 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 UpdateBig Lots (NASDAQ: BIG) 1Q19 Results: Revenues Narrowly Beat Consensus Estimates But Comps Falls Short Coresight Research June 4, 2019 Executive Summary Big Lots reported 1Q19 revenues of $1.30 billion, up 2.2% year over year and marginally above the $1.29 billion consensus estimate. Adjusted EPS was $0.92, down 3.2% but beating the $0.70 consensus estimate. Comps increased 1.5%, compared to a decrease of 3.0% in the year-ago quarter. The company guided for a low single digit increase in comps in 2019 and adjusted EPS of $3.70-3.85, above the $3.64 consensus estimate. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Deep DiveMillennials and Beauty Coresight Research June 3, 2019 Executive SummaryIn this report, we review how millennials’ buying habits and preferences are reshaping the beauty market. Millennials, born between 1980 and 2000, are particularly important for the beauty market due to the sizeable consumer base they represent and their growing spending power. Currently, millennials spend less on personal care products and services than older generations, including Generation X (born between 1966 and 1979) and baby boomers (born between 1946 and 1965). However, millennials’ expenditures are expected to improve as younger millennials join the workforce and older millennials move up the professional ladder. When buying beauty products, price and brand trust are major purchase drivers for this generation. Millennials are more likely than older generations to care about the social values, including ethics, eco-consciousness and social responsibility, of the beauty companies with which they associate. In addition, millennials are health conscious and prefer natural and organic cosmetic products. The Internet and social media are the major influencers for millennials’ beauty buying decisions. Millennials research beauty products online; however, a majority of them would still prefer to buy in store. According to Prosper Insights & Analytics data, Walmart and Target are the millennials’ most-preferred destinations for shopping skincare and cosmetic products. 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
Free Data GraphicCoresight Bites: Coresight Research’s CORE Framework for AI in Retail Coresight Research June 3, 2019 Coresight Bites provide free snapshots of Coresight Research data and findings. Subscribers can access the full research here. To find out how to subscribe, click here. Coresight Research’s proprietary CORE framework highlights the utility of AI (artificial intelligence) in four areas of retail. We show these in the four quadrants below. Click the image below to read the report. This document was generated for
Question of the WeekWhere Do US Consumers Shop for Clothing and Footwear? Coresight Research June 3, 2019 QUESTION OF THE WEEK: Where Do US Consumers Shop for Clothing and Footwear? Amazon is America’s most-shopped retailer for clothing and footwear, based on the proportion of respondents that purchased from the company in the past 12 months, with mass merchandisers Walmart and Target close behind. Department stores, off-pricers and specialty retailers comprise the second tier. This document was generated for
Company Earnings UpdateWilliams-Sonoma (NYSE: WSM) 1Q19 Results: Beats Consensus on Revenues and Maintains Guidance Coresight Research June 3, 2019 Executive Summary Williams-Sonoma reported 1Q19 revenues of $1.24 billion, up 3.2% from $1.20 billion in the year-ago quarter and beating the consensus estimate $1.21 billion. Adjusted EPS for the quarter was $0.67 compared with $0.54 last year, up by 23.6%. The consensus estimates for 2Q19 call for Williams-Sonoma to report revenues of $1.32 billion, EPS of $0.83 and an operating margin of 6.7%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Company Earnings UpdateGap Inc. (NYSE: GPS) 1Q19 Results: Misses on Sales and Consensus, Lowers Guidance Coresight Research June 3, 2019 Executive Summary Gap reported fiscal 1Q19 revenues of $3.71 billion, down 2.0% year over year and below the consensus estimate of $3.77 billion. Earnings per share (EPS) were $0.24, down 42.9% from the year-ago period, and lower than the consensus estimate of $0.32. Comparable sales were down 4.0% compared with the consensus estimate of (1.5)%, and down from the year-ago period of a 1% increase. For the full fiscal year, the company lowered its earnings per share guidance to the range of $2.04-2.14, down from $2.40-2.55. The company lowered guidance for comparable sales for fiscal year 2019, and expects comps to decline by low single digits, compared to its previous guidance of flat to up slightly and versus the consensus estimate of 0.2%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Insight ReportUS Father’s Day Spending Expected to Reach All-Time High of $16 Billion Coresight Research June 3, 2019 Executive Summary It’s a great time to be a dad in the US – for one day in June, at least. Father’s Day spending has climbed 70% in the last decade, according to data from the National Retail Federation (NRF) and Prosper Insights & Analytics. This year, US consumers are expected to spend some $16 billion, up from last year’s $15.3 billion – and around $6.6 billion more than they spent in 2009. Some of the more popular gifts include special outings, clothing and gift cards. 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 UpdateDollar Tree (NASDAQ: DLTR) 1Q19 Results: Revenues and Comps Beat Estimates While Margins Shrink Coresight Research June 3, 2019 Executive Summary Dollar Tree reported 1Q19 revenues of $5.81 billion, up 4.6% year over year and slightly above the consensus estimate of $5.78 recorded by StreetAccount. Adjusted EPS was $1.14, down 4.1% and in line with the consensus. Enterprise comparable store sales increased 2.2%, beating the 2.1% consensus; Dollar Tree comps grew 2.5%, short of the 3.0% consensus; and, Family Dollar comps rose 1.9%, beating the consensus estimate of 1.1%. For 2019, the company expects revenues of $23.51–23.83 billion (up 3.0–4.4%), in line with the consensus estimate of $23.67 billion, and EPS of $4.77-5.07, below the consensus estimate of $5.23. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Company Earnings UpdateDollar General (NYSE: DG) 1Q19 Results: Revenues and Comps Beat Consensus Estimates Coresight Research June 3, 2019 Executive Summary Dollar General reported 1Q19 revenues of $6.62 billion, up 8.3% year over year and marginally above the $6.57 billion consensus estimate. Adjusted EPS was $1.48, up 8.8% year over year and beating the $1.39 consensus estimate. Comps increased 3.8%, beating the 2.7% consensus estimate. The company maintained its guidance for 2019 revenue growth of 7%, 2.5% comps and EPS of $6.30-6.50 (up 5-9%), and in line with the $6.41 consensus estimate. Dollar General plans to open 975 new stores, remodel 1,000 mature stores, and relocate 100 stores in 2019. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Company Earnings UpdateCostco Wholesale (NASDAQ: COST) 3Q19 Results: Beats Consensus on Revenues and EPS Coresight Research June 3, 2019 Executive Summary Costco Wholesale reported 3Q19 revenues of $34.74 billion, up by 7.4% and slightly above the consensus estimate of $34.71 billion. Net income for the quarter was $906 million, compared with $750 million in the year-ago quarter. Consensus estimates for 4Q19 call for Costco to report revenues of $47.46 billion, net sales of $46.18 billion and an operating margin of 3.3%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
Insight Report30 Global Retail Cities: Milan Coresight Research May 31, 2019 Executive SummaryWith this series, 30 Global Retail Cities, we profile the world’s major shopping cities – from fashion capitals such as Milan to shopping hubs such as Honolulu and Bermuda. We curated the top retail stores in each city, along with must-see shopping districts, major retail events innovative store formats. Click here to view the full 30 Global Retail Cities series. These are our highlights from Milan: Milan, out of all the cities in this series, focuses on lifestyle retailers offering new experiences, especially integrating eateries into retail stores. 10 Corso Como is one of the most stylish concept stores in Milan, a combination of a high fashion boutique, art gallery, bookshop, and lastly, a restaurant and bar. OVS partnered with Google and created a unique digital shopping experience. 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 ReportApril 2019 Monthly Consumer Update: US, UK and China Coresight Research May 31, 2019 Executive SummaryCoresight Research’s monthly reports keep you up to date on US and UK retail sales, US retail traffic and in-store metrics, selected US retailers’ same-store sales and key global consumer indicators. Click here to view our full collection of Monthly Reports. Our Monthly Consumer Update rounds up key metrics that reflect consumer demand in the US, the UK and China. We focus on direct, leading indicators of the health of the consumer economy: wage growth, price changes and retail sales growth. In April: US inflation picked up as gasoline prices turned inflationary. UK retail sales were boosted by a late Easter and warm April weather. China retail sales growth slowed to 7.2% with apparel sales declining year over year. 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
Analyst CornerWEINSWIG’S WEEKLY MAY 31 2019 Coresight Research May 31, 2019 Executive Summary This week’s note “From the Desk of Deborah Weinswig” looks at Lidl’s plans to expand in the US grocery market – breaking from traditional big to small-format stores. US retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost in the first quarter. In the UK, Walgreens Boots Alliance (WBA) is reportedly mulling closing over 200 stores in the next two years – which would equal a little under 10% of the group’s UK health and beauty stores. Chinese toy retailer Kidsland has opened US toy retailer FAO Schwarz’s first Asian store in Beijing. FAO Schwarz plans to open one large and several medium-sized stores in China in the next two years. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for
