Company Earnings UpdateEstée Lauder (EL) Fiscal 3Q18 Results: Beats Estimates and Raises Guidance Coresight Research May 4, 2018 Executive Summary Estée Lauder reported fiscal 3Q18 adjusted EPS of $1.17, beating the consensus estimate by a dime and up 23.7% year over year. Revenues were $3.37 billion, up 18.0% year over year and beating the consensus estimate of $3.25 billion. Skin care was the fastest-growing segment, with revenues increasing by 31% as reported and benefiting from strength in Asia. The company raised its FY18 net sales growth guidance to 15%–16% (i.e., to $13.6–$13.7 billion) from 11.5%–13.5% previously. The company raised its adjusted EPS guidance to $4.38–$4.42 from $4.27–$4.32 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
Event CoverageEntrepreneur Roundtable Accelerator Demo Day: Half the Solutions Dedicated to Healthcare and Wellness Coresight Research May 4, 2018 Executive SummaryThe Coresight Research team attended the Entrepreneurs Roundtable Accelerator (ERA) Winter 2018 Demo Day on Thursday, April 26 in New York City. Ten startups presented solutions in areas spanning healthcare and wellness, human resources, hospitality, financial services and insurance. Ten startups participated in ERA’s four-month accelerator program in New York City. As part of the accelerator program, each startup received an initial investment of $100,000. ERA participants gave a five-minute presentation to investors and industry analysts. Half of the solutions and platforms were devoted to healthcare and wellness. Other industries of focus included: human resources, hospitality, financial services and insurance. There was even one new brand product – a deodorant targeted at millennials. 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 UpdateAvon Products (AVP) 1Q18 Results: Company Meets EPS Estimates, Beats Revenue Estimates Coresight Research May 4, 2018 Executive Summary Avon Products reported 1Q18adjusted EPS of $(0.02), in line with the consensus estimate. Revenues were $1.39 billion, up 4.5% year over year and beating the consensus estimate of $1.36 billion. The Europe, Middle East and Africa business grew the fastest during the quarter, at 12%. Consensus estimates call for FY18 revenues of $5.79 billion and EPS of $0.17, compared with revenues of $5.72 billion and EPS of $0.06 in the prior year. 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 Presentation1Q2018 Recap (Planalytics) Coresight Research May 3, 2018 Executive SummaryAGENDA Q1 2018 Business Trends & Results Q1 2018 Business Weather Insights May Outlook 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 ReportMacy’s Acquires STORY, the Store that Changes Concepts Every 6–8 Weeks Coresight Research May 3, 2018 Executive SummaryMacy’s announced that it has acquired STORY, a New York City concept store that curates its product selections around a theme that changes every 4–8 weeks. STORY, founded in 2011, is a new retail model that focuses on experiences, engagement and collaboration/brand partnerships. Rachel Shechtman, STORY’s Founder and CEO, will join Macy’s as the company’s Brand Experience Officer, and will report directly to the President of Macy’s, Hal Lawton. Shechtman will focus on ways to enhance the in-store customer experience with the Macy’s brand and through a new store format. 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 ReportClorox (CLX) Fiscal 3Q18 Results: Company Beats on Earnings, Reports In-Line Revenues and Offers Mixed Guidance Coresight Research May 3, 2018 Executive Summary Clorox reported fiscal 3Q18 revenues of $1.52 billion, up 2.7% year over year and in line with the consensus estimate. Diluted EPS was $1.37, up 4.6% from the year-ago quarter and above the consensus estimate of $1.31. All four of the company’s business segments showed positive sales growth. Cleaning sales grew by 3%, while lifestyle sales grew by 2%, international sales by 4% and household sales by 1%. Clorox raised its FY18 net sales growth guidance to 3% from 1%–3% previously and lowered its EPS guidance to $6.15–$6.30 from $6.17–$6.37 previously. 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 UpdateAdidas (ETR: ADS) 1Q18 Result: Strong Profit Growth Beats Expectations Despite Currency Headwinds at the Top Line Coresight Research May 3, 2018 Executive Summary At constant currency, Adidas grew 1Q18 revenues by 10%. Currency effects meant this translated to just a 1.9% increase in reported revenues. The company increased its gross margin and operating margin due to the effects of better pricing and product mix. Management reiterated its guidance for FY18: the company expects to grow sales by approximately 10% excluding currency effects and to increase operating profit by 9%–13%. 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 CoverageRetail Robotics & AI Conference Takeaways Coresight Research May 3, 2018 Executive SummaryThe Coresight Research team recently attended the Retail Robotics & AI Conference on April 26 in San Francisco. Here are our top takeaways from the event: As consumers increasingly rely on technology when they shop, the retail industry is nearing a state of “retail singularity” in which bots, natural language voice interfaces and broadly integrated data react to and predict the what, when and why of shopper preferences and behavior. Store-based retailers need to integrate the best of the online and offline shopping experiences in order to create synergies that help unlock new potential, said Jeff Donaldson, CEO of Intriosity and former SVP of GameStop. Consumers are increasingly opting to engage in experiences that create the illusion of participating versus spectating. The rise of Amazon has coincided with this cultural shift. Coresight Research CEO and Founder Deborah Weinswig commented that China is a leader in artificial intelligence (AI) and robotics in the New Retail environment, where the integration of online and offline retail, logistics and data across a single value chain is essential. AI and automation are the keys to making everything work, she noted. Mark Mathews, of the National Retail Federation (NRF), said that the retail technologies that are resonating most with consumers are those that enable them to buyonline and pickup in-store, navigate in-store and pay by mobile device. 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 (UAA) 1Q18 Results: Beats Revenue Estimates on Strong International Sales, Reaffirms FY18 Guidance Coresight Research May 2, 2018 Executive Summary Under Armour reported 1Q18 adjusted EPS of $0.00, ahead of the $(0.05) consensus estimate. Total revenues were $1.19 billion, beating the $1.12 billion consensus estimate and up 5.9% year over year. North America revenues, which make up more than three-quarters of overall revenues, were down 0.4% in the quarter. International revenues reflected continued strong momentum and were up 27% year over year, representing 24% of total revenues. The company reaffirmed its FY18 adjusted EPS guidance of $0.14–$0.19, versus the consensus estimate of $0.18. The company expects revenues to increase by low single digits, reflecting a mid-single-digit decline in the North America business and international growth of more than 25%. The consensus estimate calls for revenues of $5.11 billion, reflecting 2.8% growth. 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 2018 Monthly Consumer Update: US, UK and China Coresight Research May 2, 2018 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. 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 ReportBIDU 1Q18 Results: Revenue Improved on iQiYi’s Business, Rapid Development in AI Coresight Research April 30, 2018 Executive Summary Baidu reported 1Q18 non-GAAP diluted earnings per ADS of ¥16.3, up from ¥6.86 in 1Q17. Revenues for the quarter reached ¥20.9 billion, up 31% year over year. The company has been a pioneer in artificial intelligence (AI), helping the government to develop an AI-based smart city and forming partnerships with leading auto manufacturers in China to develop autonomous driving. Management expects the top-line for 2Q18 to be in the range of ¥24.91–¥26.19 billion, representing a year-over-year increase of 26%–33%. 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 ReportBIDU 1Q18 Results: Beats Estimates and Offers Guidance Above Consensus Coresight Research April 30, 2018 Executive Summary Amazon reported 1Q18 EPS of $3.27, handily beating the $1.24 consensus estimate and up 121.4% year over year. Revenues were $51.04 billion, up 42.9% year over year and beating the consensus estimate of $49.92 billion. Amazon Web Services (AWS) and North America were the fastest-growing segments, growing by 48.6% and 46.4%, respectively. Growth in AWS accelerated from the prior quarter. International revenues grew by 34.5%. The company’s 2Q18 guidance calls for revenues of $51–$54 billion, whose midpoint is ahead of the consensus estimate of $52.22 billion, and for operating income of $1.1–$1.9 billion, whose midpoint is above the consensus estimate of $1.12 billion. 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 April 27, 2018 Coresight Research April 27, 2018 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses Amazon’s innovative delivery services, which now offer customers the option to have their purchased orders placed inside their home or parked car by a courier. Amazon is expected to be the leading US apparel retailer in 2018, according to a report from Morgan Stanley. The company had a 7.9% share of US apparel retail sales in 2017. Total UK retail sales value growth was 5.2% in March, the highest rate seen since last August, according to the Office for National Statistics. Volume sales growth was 3.1%. India’s technology industry is bracing itself for the next era of e-commerce warfare, which looks set to be waged and bankrolled by two gigantic corporations located halfway across the world: Amazon and Walmart. 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 ReportWho Shops Where for Fashion – A Look at US Apparel Shopper Demographics Coresight Research April 26, 2018 Executive SummaryThis report looks at key demographic characteristics of shoppers at America’s biggest apparel retailers. The top takeaways from our analysis of survey data include the following: The typical department store shopper is slightly older and more affluent than the average apparel shopper. Macy’s registers more consistent appeal across age groups than some of its rivals do. Target and T.J.Maxx attract younger age groups. Target’s popularity tails off rapidly beyond the 30–44 age group. T.J.Maxx is the only one of the biggest retailers seeing the highest shopper penetration among the 18–29 age group. Walmart’s average apparel shopper is significantly less affluent than the typical apparel shopper. More suprisingly, so is H&M’s average shopper, because its younger shoppers have not yet reached their peak earnings. Target registers relatively consistent appeal across income bands. T.J.Maxx sees high penetration rates among middle and higher earners, peaking among those with incomes of $100,000 to $199,999—although it registers strong appeal across all income bands. 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 ReportNordstrom Opens a Men’s Store in NYC, Offering Premium Services Coresight Research April 26, 2018 Executive SummaryOn April 12, Nordstrom opened its first department store in New York City, a Men’s Store on West 57th Street in Manhattan. The Nordstrom Men’s Store spans three floors and 46,000 square feet, with 41,000 square feet devoted to retail. The store offers shoppers convenience and pampering through perks such as round-the-clock concierge service; buy-online, pick-up-in-store service; pre-reserve service for items shoppers want to try on in-store; and outlets serving coffee and cocktails. The New York City store focuses on customer service and sales associate support. Many members of the staff, which spent eight weeks training together, hail from various other Nordstrom locations around the country. 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
