Company Earnings UpdateIntel (NASDAQ: INTC) 1Q19 Results: Beats Consensus by Two Cents, Rapid Growth at Mobileye, Lowers Revenue Forecast for the Year Coresight Research April 26, 2019 Executive Summary Intel reported 1Q19 revenues of $16.06 billion, flat year over year and in line with the consensus estimate. Adjusted EPS was $0.89, up 1.8% and beating consensus by $0.02. PC-centric revenue increased 4.5%, offset by data-centric revenue, which declined 4.4%. Revenue from Mobileye grew 38.4%. The company reduced its 2019 revenue forecast by $2.5 billion to $69 billion and guided for Q2 revenues and EPS below consensus estimates. 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 UpdateAmazon.com (NASDQ: AMZN) 1Q19 Results: Blows Out EPS, Strength in AWS and Subscriptions, Light Q2 Profit Guidance Coresight Research April 26, 2019 Executive Summary Amazon.com reported 1Q19 revenues of $59.70 billion, up 17.0% year over year and in line with the consensus estimate. EPS was $7.09, up 61% year over year and beating the $4.70 consensus estimate. Amazon Web Services (AWS) was the fastest-growing segment by far, growing 41.4%; subscription revenue grew 40.0%. Operating profit in the North America segment doubled, and the loss in the international segment declined sharply. The company guided for 2Q19 revenues of $59.5-63.5 billion (up 13-20% year over year), in line with the consensus estimate, and operating income of $2.6-3.6 billion, below the $4.2 billion 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
Insight ReportInsights from China: The Childhood Obesity Problem and Its Implications for the Fashion Industry in China Coresight Research April 25, 2019 Executive SummaryIn our weekly series Insights from China, we examine issues that affect international brands and retailers in China. We cover areas such as policy, consumer behavior, consumer sentiment, government regulations and the competitive landscape — as they affect the business operations and future outlook. This week, we review the phenomenon of increasing number of overweight and obese children in China and its implications for the fashion industry. 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 UpdateBoohoo Group (LSE: BOO) FY19 Results: Top Line and EPS Beat Consensus; Strong FY20 Outlook Coresight Research April 25, 2019 Executive Summary Boohoo Group reported FY19 total sales of £856.9 million, up 47.0% at constant currency and 48.0% as reported, and beating the consensus estimate of £843.9 million recorded by StreetAccount. Boohoo’s FY19 adjusted EBITDA margin expanded 5 basis points (bps) to 9.9% and ahead of the consensus estimate of 9.6% recorded by StreetAccount. For FY20, the Group expects to report revenue growth in the range of 25% to 30% and an adjusted EBITDA margin of about 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
Company Earnings UpdateAvery Dennison (NYSE: AVY) 1Q19 Results: Mixed Quarter, Reiterates Guidance, Growth and Margins to Improve Throughout 2019 Coresight Research April 25, 2019 Executive Summary Avery Dennison reported 1Q19 revenues of $1.74 billion, down 2.0% year over year and slightly below the $1.77 billion consensus estimate. Adjusted EPS was $1.48, up 3.2% year over year and beating the consensus estimate by two cents. Organic growth was 2.4%. Revenues in the retail branding and information solutions segment grew 3.2% year over year, whereas revenues in other segments declined. The company reaffirmed its 2019 adjusted EPS guidance of $6.45–$6.70 (up 6%–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
Company Earnings UpdateUnibail-Rodamco-Westfield (AMS: URW) 1Q19 Update: Revenue and Traffic Increases in European Shopping Centers Coresight Research April 25, 2019 Executive Summary Unibail-Rodamco-Westfield (URW) reported 1Q19 revenues of €939.6 million, up 70.2% year over year, driven by the acquisition of Westfield Corporation. The proportionate gross rental income of the Shopping Center division increased 73.0% to €673.9 million, with France, Central Europe and Austria leading the growth. The company reaffirmed 2019 guidance for adjusted recurring earnings per share (AREPS) of €11.80–€12.00. 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 UpdateSAP 1Q19 Results: Beats Consensus, Rapid Cloud Growth, Maintains/Raises 2019-2020 Guidance Coresight Research April 25, 2019 Executive Summary SAP reported 1Q19 revenues of €6.12 billion, up 16.3% year over year and beating the €5.95 billion consensus estimate. Adjusted EPS was €0.90, up 24.4% and beating the €0.83 consensus estimate. Cloud subscriptions and support was the fastest-growing segment, with adjusted revenues growing 48%. The company reiterated revenue guidance, raised its operating profit guidance for 2019 and 2020 and announced a 2023 goal of €35 billion in adjusted revenue. 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 UpdateeBay (NASDAQ: EBAY) 1Q19 Results: Steady Revenue Growth Beating Consensus Coresight Research April 25, 2019 Executive Summary eBay reported revenues of $2.64 billion in 1Q19, up 2.4% year over year and beating the consensus estimate of $2.58 billion. Active global buyer numbers increased 4% year over year to a total of 180 million. The company expects revenues of $2.64-69 billion in 2Q19, representing growth of 2-4% on a currency-neutral basis. 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 UpdateProcter & Gamble (NYSE: PG) 3Q19 Results: Innovations and Increased Pricing Drive Growth Coresight Research April 25, 2019 Executive Summary P&G reported net sales of $16.5 billion for the third quarter of fiscal 2019, an increase of 1.1% year over year. Organic sales (which exclude the impact of currency changes, acquisitions and divestitures) were up 5% versus last year. The beauty segment recorded the highest organic sales growth at 9% year over year in 3Q19. Grooming was the only segment that saw a decline in organic sales, which were down 1%. For FY19, P&G is targeting organic sales growth of 4% and a net sales increase of up to 1%. 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 UpdateCarrefour (ENXTPA: CA) 1Q19 Update: A Stronger-than-Expected Quarter as Performance Improves in France Coresight Research April 25, 2019 Executive Summary Carrefour reported comparable sales growth of 2.7% in 1Q19, strengthening from the prior quarter and beating analyst expectations. Strengthening comp growth in France to 1.0%, including 2.0% comp growth in food, supported this outperformance. In France, general merchandise remained a drag on Carrefour’s overall performance. Management pointed to “numerous initiatives” to strengthen Carrefour’s competitiveness across markets, with major price-cut campaigns in France. 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 UpdateAssociated British Foods (LSE: ABF) 1H19 Results: Operating Profits Beat Consensus; Poor German Sales Weigh on Eurozone Comps Coresight Research April 25, 2019 Executive Summary Associated British Foods (ABF) reported results for 1H19, ended March 2. This report focuses on results for Primark, the company’s retail business. Primark grew 1H19 sales 4.0% at constant currency to £3.63 billion (up 4% as reported), marginally ahead of consensus, driven by increased retail selling space. Primark kept its FY19 outlook unchanged, with adjusted operating profit and adjusted earnings per share for FY19 expected to be in line with FY18. 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 DiveMale Makeup: Going Mainstream in Asia and Slowly Gaining Traction in the US Coresight Research April 24, 2019 Executive SummaryIn this report, we present an analysis of the male makeup market with a focus on markets in Asia and the US. Male makeup is an emerging category as male consumers globally are increasingly showing interest in skincare and makeup products. Young consumers are challenging the definitions of masculinity and femininity as men are beginning to wear makeup – and not just for stage performances or on television. Asia Pacific, which includes Australasia, is one of the fastest-growing major regions for men’s makeup and grooming. The men’s grooming category is expected to grow at a 7.0% CAGR to 2022, and the region’s consumers are pioneers in men’s makeup – particularly in China, Japan and South Korea. On Tmall in China, male consumers are spending more on products specifically targeted at men, compared to unisex beauty products, presenting an opportunity for brands entering this market. Supply is not able to meet demand for male makeup products in China according to Jason Chen, General Manager of Tmall Beauty, creating an opportunity for brands. China’s male consumers want products geared towards them. Some 33% of US males like or use natural-looking makeup. 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 UpdateKimberly-Clark (NYSE: KMB) 1Q19 Results: Higher Selling Prices Drive Growth; Company Maintains Positive Outlook Coresight Research April 24, 2019 Executive Summary Kimberly-Clark reported net sales of $4.6 billion for first quarter of 2019, a decrease of 2.1% compared to same period last year. Organic sales were up 3% versus last year. The personal care segment recorded net sales of $2.3 billion, with organic sales growth of 5%. The consumer tissue segment recorded net sales of $1.5 billion, with organic sales even year over year. The K-C Professional segment reported net sales of $0.8 billion, with organic sales up 3%. Kimberly-Clark continues to target full-year 2019 organic sales growth of 2% and adjusted EPS of $6.50-6.70. 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 UpdateSkechers (NYSE: SKX) 1Q19 Results: Revenue, Comps and EPS Miss Consensus Estimates Coresight Research April 23, 2019 Executive Summary Skechers reported first quarter 2019 sales of $1.28 billion, missing the $1.30 billion consensus estimate, and $0.71 EPS, missing the $0.73 consensus estimate. Driven by international stores, comparable same-store sales were up 0.7%, missing the consensus estimate of 0.8%. The company estimated sales will be $1.20 billion to $1.22 billion and EPS will range from $0.30 to $0.35 in 2Q19. 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 ReportBOPIS Survey: What Are US Consumers Picking Up In Stores and from Which Retailers? Coresight Research April 23, 2019 Executive SummaryIn this report, we review findings from our April 2019 survey of US online shoppers, which explored their use of buy online, pick up in store (BOPIS) services. This is what we found: Some 46% of US online shoppers have collected one or more online purchases from a physical store in the past 12 months. BOPIS users are slightly younger and more affluent than the average online shopper. By number of shoppers, apparel is the most-collected category and, despite being an occasional purchase category, electronics rank second. This nudges electronics ahead of groceries in third place. Reflecting their breadth of assortment and substantial store networks, Walmart and Target are the most popular retailers from which US consumers pick up online orders. Two category-specialist retailers, Best Buy and Home Depot, captured third and fourth places, respectively. Given that department stores sell a wide range of merchandise that includes more frequently bought categories than electronics or home-improvement goods, the rankings for some major department stores were disappointing. 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
