Company Earnings UpdateRalph Lauren (NYSE: RL) 4Q19 Results: EPS Beats Expectations Coresight Research May 15, 2019 Executive Summary Ralph Lauren reported fiscal 4Q19 adjusted EPS of $1.07, above the $0.89 consensus estimate. Revenues in the fourth quarter dropped 1.3% to $1.51 billion on a reported basis, driven by declining sales in North America, but were above the $1.48 billion consensus estimate. Total comparable store sales were up 1% compared to the year-ago quarter. Comps in North America were down 4%, including a 7% decline in brick-and-mortar stores and a 6% rise in digital sales. Comps in Europe and Asia experienced a 5% and 4% lift, respectively. For FY20, the company expects net revenues to increase by 2%–3%. Foreign currency is expected to have a negative impact of 90-100 basis points for the year. For 1Q20, the company expects revenue to increase 3% to 5% in constant currency due to the positive impact of Easter. 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 UpdateUnicharm (TYO: 8113) 1Q19 Results: Net Sales Ahead of Consensus, Asia Remains a Growth Engine Coresight Research May 15, 2019 Executive Summary Unicharm reported 1Q19 net sales of ¥168.6 billion, broadly in line with the consensus estimate and up 4.8% from 1Q18. Net sales increased for both the personal care and pet care segments, with personal care up 5.1% year over year. Asia (ex Japan) was a key driver of top-line growth, with 14.7% net sales growth in 1Q19. 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 UpdateDufry (SIX: DUFN) 1Q19 Results: Higher Depreciation Costs Weigh on Operating Margin, Maintains FY19 Guidance Coresight Research May 15, 2019 Executive Summary Dufry reported 1Q19 total sales of CHF 1.88 billion, up 3.4% year over year and above the consensus estimate of CHF 1.86 billion recorded by StreetAccount. The company reported diluted EPS of CHF (2.20), compared to CHF (0.89) reported in the prior year’s quarter and below the consensus estimate of CHF 1.06. Dufry maintained its earlier mid-term organic growth guidance of 3-4%, and equity free cash flow generation in the range of CHF 350-400 million for 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
Deep DiveCoresight Matrix: Computer Vision Solutions for Product Search Coresight Research May 15, 2019 Executive SummaryThis is the first in a series of reports on the Coresight Matrix, a new product to help Coresight Research clients better understand what is happening in key segments and with key players in retail technology. In this report, we look at new developments in computer vision for product search, and use our Coresight Matrix to rate leaders and emerging players by innovation effort and market power. Advances in computing power, coupled with an increasingly competitive online retail environment, have led retailers and brands to place a greater focus on improving the e-commerce product search experience. Visual search technology, an application of computer vision, helps e-commerce sites and mobile apps interpret and group images, simplifying the shopping journey and offering new ways for shoppers to explore products and interact with retailers and brands. Shoppers can upload an image, for example, and the system will find and show similar items, eliminating frustrating keyword searches. Image and visual search provide product auto-tagging solutions, eliminating the manual process of tagging products with keywords individually, while also delivering more accurate search results and greater ease finding similar products. Tech giants such as Google, Microsoft, Amazon and Alibaba are leveraging the power of computer vision technology, while startups such as Markable and Syte continue to disrupt the market. 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
Deep DiveUS Online Grocery Survey 2019 Coresight Research May 14, 2019 Executive SummaryThe number of US shoppers buying groceries online, even if only occasionally, is substantial and growing rapidly. Some 36.8% of US consumers bought groceries online in the past year, up from 23.1% in 2018’s survey. We estimate that equates to almost 35 million more consumers buying groceries online between 2018 and 2019. However, shoppers typically buy relatively little online. Fully 72.4% buy only a small proportion of their groceries online while 11.8% buy a lot of their groceries online. Our data suggest new online shoppers could be diluting the proportion of grocery shopping the average shopper does online. Fully 62.5% of all people who bought groceries online in the past year bought them on Amazon.com, keeping Amazon in first place. Amazon shoppers typically spend less of their grocery budget online than do shoppers using Walmart.com, Target.com or Kroger.com — suggesting Amazon grocery shoppers tend to be occasional or small-basket online shoppers. The portion of people buying groceries online who bought from Walmart jumped from 25.5% in 2018 to 37.4% in 2019. Target.com also grew shopper numbers substantially: Some 15.7% of online grocery shoppers bought from Target.com in the past year, versus just 6.9% in 2018. 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 CoverageWPP & Alibaba Event: How China is Reshaping Retail Coresight Research May 14, 2019 Executive SummaryCoresight Research participated in an event jointly hosted by WPP Plc. and Alibaba Group on April 24 in New York City. Coresight Research CEO and Founder Deborah Weinswig discussed the many ways in which China is reshaping retail, focusing on the five trends you need to know to succeed in this fast-growing mega market. Here are our key insights from the event: Data, social commerce and speed are fundamental to China’s New Retail. Brands need to work harder to capture Chinese consumers’ attention, as they expect every aspect of the shopping journey to be personalized. Coresight Research identified five trends brands and retailers need to know about China: luxury purchasing, plus-sized expansion, the rise of male beauty, community buying and urban farming. 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
Event CoverageNotes from the 2019 Aptos Engage User Conference: A Parade of Devoted Customers Coresight Research May 14, 2019 Executive SummaryThe Coresight Research team attended Aptos‘ fourth annual ENGAGE user conference, held in Orlando Florida. Here are a few key takeaways from the event: The current retail environment was characterized as “tough out there,” with retailers facing a host of challenges from inside and outside the industry, but modernization is being held back by lackluster capital spending. The featured guest was the company’s Aptos ONE platform, a software platform that provides nearly all the functions a retailer needs, in a modular configuration comprising microservices for the various functions. The event included testimonials from customers such as Ross Stores, WSS, Tapestry, Cole Haan, The Art of Shaving, The Vitamin Shoppe, Michael Kors, Buckle, and many more. Every customer lauded improvement from using Aptos ONE. Aptos ONE, the successor to prior, more monolithic software packages, was designed from the ground up to be cloud native, omnichannel native, mobile first and flexible. The company stressed that users could continue to run prior packages such as the Store platform with Aptos ONE. 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 ReportApril 2019 US Same-Store Sales: Costco Comps Ahead of Consensus, Buckle’s Men’s Segment Outperforms Women’s, Cato Posts Robust Comps Coresight Research May 14, 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 US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato. Highlights from our April US Same-Store Sales report: Costco’s same-store sales growth beat the consensus estimate. Its e-commerce segment continued to post strong growth. Buckle’s comps showed sequential improvement: Its men’s segment performed better than its women’s segment. Cato posted robust same-store sales growth, benefiting from the Easter shift. 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
Flash ReportInsights from Alibaba’s Newly Released “The New Chinese Goods Project”: Alibaba Empowering Chinese Brands to Grow at Home and Abroad Coresight Research May 14, 2019 Executive SummaryAlibaba Group launched “The New Chinese Goods Project” on May 10. Alibaba set five goals to empower Chinese brands, including helping 700,000 Chinese brands to sell overseas through Tmall Global, Lazada and AliExpress. Chinese “traditional” brands, defined as “intangible cultural heritage brands” or “time-honored brands” by Alibaba, are becoming “young” and growing fast in the online channel. Chinese brands are attracting younger generations (those born in the 1980s, 1990s and even the 2000s) more than older shoppers. 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 UpdateJD.com (NASDAQ: JD) 1Q19 Results: Revenue Beats Estimates, Strong 2Q19 Guidance Coresight Research May 14, 2019 Executive Summary JD.com reported 1Q19 revenue of ¥121.1 billion ($18.0 billion), up 21% year over year and beating the StreetAccount estimate of ¥120.2 billion. Operating income in 1Q19 increased to ¥1.2 billion ($200 million) from ¥4.4 million in 1Q18. The company’s revenue guidance for 2Q19 was ¥145–150 billion, equivalent to 19-23% year-over-year growth, ahead of the 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
Question of the WeekWhich Company Filed the Most Wearable Technology Patent Applications in the US Last Year? Coresight Research May 13, 2019 QUESTION OF THE WEEK: Which Company Filed the Most Wearable Technology Patent Applications in the US Last Year? Apple filed applications for 275 wearable technology patents in the US in 2018, comfortably surpassing Walmart, which filed for 91 patents, and Amazon, which filed for 19 patents. This document was generated for
Insight ReportSix Months to Singles’ Day: Is 11.11 on Your Calendar? Coresight Research May 13, 2019 Executive SummarySingles’ Day, which began as a festival of young Chinese people celebrating their pride in being single, has become the world’s largest 24-hour online shopping event in terms of gross merchandise volume (GMV). Alibaba’s platforms and JD.com are the two major players. With six months to go until Singles’ Day 2019, brands and retailers looking to participate in the event should start to plan now to ensure products, logistics, warehouse space and marketing efforts are ready. Singles’ Day 2018 generated $30.8 billion in total GMV on Alibaba’s online platforms, while JD.com reported US$23 billion in GMV. Singles’ Day, or 11.11 as the festival is also known, has grown to be so huge it can serve as a strategic entry point to the China market. To succeed on Singles’ Day, brands and retailers must leverage social media to boost consumer awareness – and incorporate Chinese cultural elements into offerings. Click here to read more Coresight coverage of Singles’ Day over the last few years. 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 UpdateTapestry (NYSE: TPR) 3Q19 Results: Revenue Misses Expectations, Opening Stores in China Coresight Research May 13, 2019 Executive Summary Tapestry reported adjusted 3Q19 EPS of $0.42, down 22.2% from the prior year period and beating the $0.41 consensus estimate. Total revenues grew 0.8% (2% currency neutral) to $1.33 billion, missing the $1.34 billion consensus estimate. Adjusted gross margin expanded 30 bps to 69.2%, driven by Kate Spade. The company continues to expect a low-to-mid-single-digit revenue growth and EPS of $2.55-2.60 for fiscal 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
Event CoverageNotes from the 2019 Intel Investor Meeting: Dramatically Growing the Addressable Market by Pursuing Data-Centric Opportunities Coresight Research May 13, 2019 Executive SummaryIntel held its annual investor meeting at its Santa Clara, California headquarters on May 8, 2019. Key points from the meeting include: Expanding the total addressable market (TAM): Intel plans to expand its total addressable market to $288 billion in 2023 from $52 billion in 2018, by expanding its focus on data-centric technologies. Extending product leadership: The company aims to redefine “Intel Inside” as a platform inside all kinds of devices in computing centers, PCs, energy, manufacturing, homes and vehicles. Improving execution, innovation and culture: Intel pledges to meet customer demand, recoup process leadership and deliver on schedule with predictability while operating as “one Intel,” remaining customer obsessed and practicing inclusion. Disciplined investment, profitable growth: The company plans to make organic investments in research and development and capital investments for growth, make strategic investments, and return capital to shareholders while maintaining a strong credit rating and financial flexibility. Financial targets for the next three years include low-single-digit revenue growth, 32% operating margins and EPS growth in line with revenue but free cash flow growing faster than earnings. Intel discussed technologies such as the Internet of Things (IoT), aggregation of computing power at the edge of the network, video inference and high-performance computing as drivers for targeted areas such as retail and manufacturing. 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 UpdateCoty (NYSE: COTY) 3Q19 Results: Revenues Miss Consensus Estimate, Supply Chain Issues Seemingly Resolved Coresight Research May 13, 2019 Executive Summary Coty fiscal 3Q19 revenues were $1.99 billion, down 10.4% year over year and lower than the consensus estimate of $2.06 billion. Coty reported 3Q19 adjusted EPS of $0.13, even with the year ago period and beating the consensus estimate of $0.12. By division, sales in the luxury division (the company’s largest division) slipped 3.1% year over year on a reported basis, consumer beauty sales slid 17.8% year over year, and professional beauty revenues declined 6.1% year over year. The company did not provide quantitative EPS and revenue guidance for FY19. However, management said the company expects FY19 constant-currency adjusted operating income will be moderately below FY18, implying a solid profit performance in 4Q19 despite expected continued weakness in the top line. 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
