Company Earnings UpdatePitney Bowes (NYSE: PBI) 1Q19 Results: Mixed Results, Reduces Guidance Due to Ongoing Execution Challenges Coresight Research May 3, 2019 Executive Summary Pitney Bowes reported 1Q19 revenue of $868.4 million, down 3.1% year over year but ahead of the $866.0 million consensus estimate. Adjusted EPS was $0.12, below the consensus estimate of $0.21. The company’s commerce services segment revenue grew 5%, driven by global e-commerce, which grew 8%. Revenues in the SMB solutions and software services segments declined year over year. The company reduced guidance for revenue growth to 1-3% from 1-4% and for adjusted EPS to $0.90-1.05 from $1.05-1.20. 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 PresentationHidden Revenue Leakage: How Retailers Are Losing Market Share While Growing Online Sales (Market Beyond Webinar) Coresight Research May 2, 2019 Executive SummaryThis presentation was given in a webinar held jointly with Market Beyond, which uses advanced machine learning and AI to correcting deficiencies in product assortments, pricing models, website traffic and other conversion factors. The first section discusses the state of the retail industry and e-commerce, and thesecond section discusses revenue leakage and hidden opportunities. Topics include: How 5G wireless cac increase online spending The rise of D2C brands Revenue leakage among major retailers and methods to solve it 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 UpdateUnder Armour (NYSE: UAA) 1Q19 Results: Revenue and EPS Beat Consensus Estimates; Company Updates Outlook for FY19 Coresight Research May 2, 2019 Executive Summary Under Armour reported 1Q19 sales of $1.20 billion, ahead of the consensus estimate of $1.18 billion, and EPS of $0.05, beating the consensus estimate of $0.00. Gross margin expanded to 45.2%, up 100 basis points year over year, ahead of the 45.1% consensus estimate, driven by regional mix, product cost improvements and prior period restructuring charges. For FY19, the company updated its guidance: It maintained revenue growth at 3-4% but raised EPS guidance from $0.31-0.33 to $0.33-0.34. 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 ReportAlibaba and JD.com Battle it Out for Dominance of China’s Online Luxury Market Coresight Research May 2, 2019 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 UpdateLoblaw (TSX: L) 1Q19 Results: Comp Growth Strengthens in Retail Coresight Research May 2, 2019 Executive Summary In 1Q19, ended March 23, Loblaw reported strengthening in same-store growth in both its food retail and drug retail segments. Operating income and adjusted EBITA were impacted by the IFRS 16 accounting change. Adjusted EBITDA of was up 42%, or C$313 million, and comfortably exceeded expectations Management maintained FY19 guidance for positive same-store sales and a stable gross margin in the retail segment. 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 UpdateSainsbury’s (LSE: SBRY) FY19 Results: Improvement in Adjusted Profit Metrics but Comparable Sales Continue to Decline Coresight Research May 2, 2019 Executive Summary For FY19, ended March 9, 2019, Sainsbury’s reported adjusted Retail EBIT up 10.7% and adjusted pretax profit up 7.8%; both metrics came in ahead of consensus. Nonadjusted operating profit, pretax profit and net profit were all down significantly. Adjustments included costs related to the failed merger with Asda, the integration of Argos, replatforming Sainsbury’s Bank and restructuring. Management said the company will invest to improve over 400 supermarkets in FY20 and will invest more in technology to offer greater convenience. 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 UpdateTaubman Centers (NYSE: TCO) 1Q19 Results: Beats Consensus Estimates, Updates 2019 Guidance for The Gardens Mall Acquisition Coresight Research May 2, 2019 Executive Summary Taubman Centers reported 1Q19 revenues of $160.2 million, down 0.8% year over year and beating the $157.3 million consensus estimate. Adjusted FFO was $0.95 per share, down 8.8% and ahead of the $0.90 consensus estimate. Comparable center mall tenant sales per square foot were up 18.6% in the quarter and average rent per square foot in comparable centers increased 1.3% to $56.15. To account for The Gardens Mall acquisition, Taubman reduced 2019 EPS guidance to $0.68-0.92 (from $0.84-1.08 previously) and FFOPS to $3.60-3.72 (from $3.62-3.74 previously). 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 UpdateSimon Property Group (NYSE: SPG) 1Q19 Results: Beats Consensus on Revenues and FFO, Reiterates 2019 Guidance Coresight Research May 2, 2019 Executive Summary Simon Property Group (Simon) reported revenues of $1.45 billion, up 4.2% year over year and ahead of the $1.44 billion consensus estimate. FFO was $3.04 per share, up 5.4% and beating the consensus estimate of $3.03 per share. Sales per square foot were $660 for the trailing 12 months ended March 31, an increase of 3.1%, and the occupancy rate as of 3/31/19 was 95.1%, up from 94.6% from a year ago. The company reaffirmed its guidance of EPS of $7.30-7.40 (down 6-7%) and FFOPS of $12.30-12.40 (up 1-2%). 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
Company Earnings UpdateNext (LSE: NXT) 1Q20 Update: Strong First Quarter but Management Cautious on Rest of Year Coresight Research May 2, 2019 Executive Summary Next reported strong 1Q20 full-price product sales growth of 4.0%, with inferred comparable product sales growth of 3.7%. In-store sales growth came in ahead of expectations, with e-commerce growth marginally behind consensus. Management said its 1Q20 overperformance cannot be extrapolated through to the rest of the year, as comparatives will become more demanding in the second quarter. 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 UpdateEstée Lauder (NYSE: EL) 3Q19 Results: Asia Pacific Markets Grow Double Digits; Raises Sales and EPS Guidance for Full Year Coresight Research May 2, 2019 Executive Summary Estée Lauder reported 3Q19 revenues of $3.7 billion, up 11.1% year over year and beating the $3.6 billion consensus estimate. Adjusted, non-GAAP earnings per share (EPS) were $1.55, compared to $1.12 in the year ago quarter, up 38.8% and beating the consensus estimate of $1.30. Skincare, the company’s largest category at 46.6% of sales, rose 21% on a reported basis, driven by the Estée Lauder and La Mer brands. The Asia Pacific region showed strong growth, with two-thirds of the markets in the region growing double-digits. The company forecasts full fiscal year revenue growth of 7-8%, compared to prior guidance of 5-6%, and a consensus estimate of 6.4%. The company raised its full year EPS guidance to $5.15-5.19, versus the prior guidance of $4.92-5.00, compared to the consensus estimate of $5.06. 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 UpdateUnder Armour (NYSE: UAA) 1Q19 Results: Revenue and EPS Beat Consensus Estimates; Company Updates Outlook for FY19 Coresight Research May 2, 2019 Executive Summary Under Armour reported 1Q19 sales of $1.20 billion, ahead of the consensus estimate of $1.18 billion, and EPS of $0.05, beating the consensus estimate of $0.00. Gross margin expanded to 45.2%, up 100 basis points year over year, ahead of the 45.1% consensus estimate, driven by regional mix, product cost improvements and prior period restructuring charges. For FY19, the company updated its guidance: It maintained revenue growth at 3-4% but raised EPS guidance from $0.31-0.33 to $0.33-0.34. 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 ReportInsights from China: Generation Z Buys Now, Pays Later – and Expects Fast Delivery of Online Orders Coresight Research May 2, 2019 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 UpdateGildan (NYSE: GIL) 1Q19 Results: Updates Outlook, Announces International Capacity Expansion Coresight Research May 2, 2019 Executive Summary Gildan 1Q19 sales declined 3.6% to $623.9 million and adjusted EPS decreased 52.9% to $0.16, ahead of the consensus estimates of $599.8 million and $0.15, respectively. Gross margin was down 140 bps to 25.8% due to rising costs and unfavorable foreign exchange, partially offset by the positive impact from higher net selling prices and a more favorable product mix. The company reiterated its sales guidance of mid-single-digit sales growth for 2019, and lowered adjusted EPS guidance to $1.90-2.00 from $2.00-2.10. 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 ReportMarch 2019 Monthly Consumer Update: US, UK and China Coresight Research April 30, 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. Highlights from our March Consumer Update: US gasoline-price deflation eased to near-zero, contributing to an uptick in overall consumer price inflation. UK retail sales climbed 4.4%, driven by a reported jump in sales at small retailers. China retail sales growth picked up pace to 8.7% 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
Deep DiveUS Drugstores are Turning into Purveyors of Beauty and Wellness Coresight Research April 30, 2019 Executive SummaryIn this report, we explore the initiatives that US drugstore retailers have undertaken so far in the beauty and wellness space – and examine the opportunities. Major retailers CVS Health and Walgreens Boots Alliance have refreshed and redesigned beauty spaces in their stores and partnered with other retailers to provide exciting experiences to customers. CVS launched shops-in-shops called BeautyIRL at four of its pharmacies in October 2018. CVS implemented several initiatives in the health and wellness space, including its Project Health program (launched in 2006) and HealthHUBs (introduced more recently). In 2018, Walgreens announced a partnership with online beauty subscription retailer Birchbox, which includes revamped retail spaces at select Walgreens locations that look like mini Birchbox stores. 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
