Event PresentationThe Future of AI in Retail Coresight Research December 11, 2017 Executive SummaryThe Future of Artificial Intelligence (AI) in Retail: AI – Definition, History and Why It Is Important Ten Retail Applications 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 December 8, 2017 Coresight Research December 8, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses the global expansion of Chinese electronic payment platforms, including in the US. Traditional narratives insist that the fourth quarter is the most important time of the year for retailers. But just 26.73% of US retail sales occurred in the fourth quarter in 2016. Marks & Spencer could abandon dozens of building projects, including shopping malls and town-center regeneration projects, across the UK. Xiaomi, a Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible IPO and is seeking a valuation of at least $50 billion, according to people familiar with the matter. 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 (DG) 3Q17 Results: Beats on Revenues and Comps, Narrows EPS Guidance Coresight Research December 8, 2017 Executive Summary Dollar General reported 3Q17 EPS of $0.93, including a nickel of hurricane-related negative impact, missing the consensus estimate by a penny. Revenues were $5.90 billion, up 11.0% year over year and beating the $5.80 billion consensus estimate. Comps increased by 4.3%, beating the 2.7% consensus estimate. The company narrowed its FY17 EPS guidance range to $4.37–$4.47 from $4.35–$4.50 previously; the revised guidance is below the consensus estimate of $4.51. 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 ReportTakeaways from the Home Depot 2017 Investor and Analyst Conference Coresight Research December 7, 2017 Executive SummaryHome Depot held its annual Investor and Analyst Conference on December 6 in Boston, MA. The company reaffirmed its fiscal 2017 financial guidance. It expects total sales to increase by 6.3% year over year and comparable sales to increase by 6.5%. Management discussed three main strategic priorities: enhancing the customer experience, positioning for the future and creating value for shareholders. The retailer plans to accelerate investments in its business over the next three years as it pursues a new target of almost $120 billion in annual sales. Home Depot plans to increase investment in its supply chain and delivery capabilities, employees, stores, online business, and customer experience. The company is investing $1.2 billion in its supply chain from 2018 to 2022. Management said it will increase annual capital expenditure through 2020 to a level that represents about 2.5% of sales, above the 1.7%–1.8% average over the past four years. The company announced a $15 billion share repurchase program that will replace its previous authorization. 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 UpdateHudson’s Bay Company (HBC) 3Q17 Results: EPS Misses Guidance, Comps Weak Coresight Research December 7, 2017 Executive Summary Hudson’s Bay Company reported 3Q17 revenues of C$3.2 billion, down 4.2% year over year and slightly below the C$3.4 billion consensus estimate. Adjusted EPS was C$(1.33), versus C$(0.69) in the year-ago quarter and below the C$(0.74) consensus estimate. Total comparable sales were down 3.2% year over year on a constant-currency basis. Comps were down 3% at HBC Europe and down 3.7% at DSG (which refers, collectively, to the Hudson’s Bay, Lord & Taylor and Home Outfitters banners) on a constant-currency basis. The company’s transformation plan remains on track to deliver annual cost savings of C$350 million. The company continues to look for ways to reposition its physical retail space following the sale of its Lord & Taylor store on New York’s Fifth Avenue to WeWork. 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 UpdateVera Bradley (VRA) Fiscal 3Q18 Results: Beats on EPS, Issues Mixed Guidance Coresight Research December 7, 2017 Executive Summary Vera Bradley reported fiscal 3Q18 adjusted EPS of $0.23, handily beating the $0.14 consensus estimate and up 12.1% year over year. Revenues of $114.1 million were down 9.9% year over year and shy of the $114.8 million consensus estimate. Comps declined by 7.4%, missing the consensus estimate of a 3.8% decline. The company’s 4Q18 revenue guidance of $127–$132 million is below the $138.7 million consensus estimate. Its 4Q18 EPS guidance of $0.30–$0.33 is at or above the $0.30 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
Flash ReportWalgreens Boots Alliance to Acquire a 40% Stake in Chinese Pharmacy Chain GuoDa Coresight Research December 7, 2017 Executive Summary On December 6, Walgreens Boots Alliance announced an agreement to invest in China-based Sinopharm Holding Guoda Drugstores (GuoDa). Walgreens Boots Alliance plans to acquire a 40% minority stake in GuoDa, subject to regulatory review and approval and customary closing conditions. GuoDa operates more than 3,500 retail pharmacies in approximately 70 cities across 19 provinces, autonomous regions and municipalities in China. The company employs close to 20,000 people. 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 UpdateRestoration Hardware (RH) 3Q17 Results: In-Line Results; Company Guides for 2018 EPS Above Consensus Coresight Research December 6, 2017 Executive Summary Restoration Hardware reported 3Q17 adjusted EPS of $1.04, up more than 420% year over year and beating the $1.02 consensus estimate. Revenues were $592.5 million, up 7.9% year over year and slightly ahead of consensus. Comps were 6.0%, ahead of the 5.5% consensus estimate and flat versus the year-ago quarter. The company’s 4Q17 and 2018 revenue guidance are in line with consensus expectations. The midpoint of the company’s 2018 adjusted EPS guidance is $5.74, above the $4.89 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
Event PresentationThe Retail Revolution – Global Trends and Opportunities (Asia Etailing Summit) Coresight Research December 6, 2017 Executive SummaryThe Retail Revolution Is Under Way in the US Store closure activity continues to exceed store opening activity Declining mall traffic Sales shifting online Cutting losses from unprofitable 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
Company Earnings UpdateAscena (ASNA) Fiscal 1Q18 Results: In-Line EPS, Weak Comps Coresight Research December 5, 2017 Executive Summary year over year. Adjusted EPS was $0.11, in line with consensus expectations. Total company comps declined by 5%, missing the consensus estimate of a 4% decline. For fiscal 2Q18, the company expects adjusted EPS of $(0.12)–$(0.07), at or below the consensus estimate of $(0.07). The company expects total sales of $1.62–$1.66 billion, below the consensus estimate of $1.67 billion. 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
Flash ReportCVS Health to Acquire Aetna for $69 Billion in Cash and Stock to Redefine Access to Healthcare Coresight Research December 5, 2017 Executive Summary On December 3, CVS Health announced its long-anticipated plan to acquire Aetna for $69 billion in cash and stock. The transaction, expected to close in the second half of 2018, requires shareholder and regulatory approvals and must meet customary closing conditions. The companies expect the new entity to benefit consumers through a uniquely integrated, community-based healthcare experience; the use of more integrated data and analytics; and better opportunities to fight chronic disease. Shareholders are expected to benefit through enhanced competitive positioning of the business, higher earnings per share and a platform from which the combined entity can accelerate growth. Over the longer term, the combined company could deliver significant incremental value from the development of new products and growth opportunities. The merger likely represents the first wave of pharmacies and insurance companies combining in order to better withstand the entry of Amazon into the pharmacy business, which is expected in the near term. 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 UpdateBig Lots (BIG) 3Q17 Results: Beats on EPS, Raises Fourth-Quarter and Full-Year Guidance Coresight Research December 4, 2017 Executive Summary Big Lots reported 3Q17 adjusted EPS of $0.06, up from $0.04 in the year-ago quarter and above both the $0.04 consensus estimate and company guidance. Total revenues were $1.11 billion, up 0.5% year over year and slightly below the $1.12 billion consensus estimate. Comparable store sales rose by 1.0% during the quarter, compared with the 1.6% consensus estimate. Top-performing businesses were home, furniture and consumables. The company raised the midpoint of its FY17 adjusted EPS guidance; it now expects adjusted EPS of $4.23–$4.28 versus $4.15–$4.25 previously and the $4.24 consensus estimate. Big Lots expects FY17 comp growth of 1% and a 2% increase in total sales. 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 UpdateFive Below (FIVE) 3Q17 Results: Beats Across the Board and Raises Guidance Coresight Research December 4, 2017 Executive Summary Five Below reported 3Q17 EPS of $0.18, up 79.9% from the year-ago quarter and beating the consensus estimate of $0.13. Revenues were $252.7 million, up 28.9% year over year and beating the consensus estimate of $246.0 million. Comps increased by 8.5% year over year, beating the consensus estimate of 4.4% growth. The company raised its full-year revenue guidance to $1.264–$1.276 billion from $1.236–$1.248 billion previously and raised its full-year EPS guidance to $1.72–$1.79 from $1.62–$1.66 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 UpdateKroger (KR) 3Q17 Results: Beats on Revenue and EPS; Digital Sales Fuel Growth Coresight Research December 1, 2017 Executive Summary Kroger reported 3Q17 total sales of $27.75 billion, up 4.5% year over year and above the $27.48 billion consensus estimate. Excluding fuel, sales were up 1.1% during the quarter. EPS was $0.44, beating the $0.40 consensus estimate. Comp sales grew by 1.1% for the quarter, reflecting strong results in both the core business and the fuel business. For FY17, the company expects comp sales growth of flat–1%, adjusted EPS of $2.00–$2.05 and GAAP EPS of $1.75–$1.79. For 4Q17, the company expects comp sales growth of greater than 1.1% and for the fuel margin to moderate. 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
Analyst CornerWeinswig’s Weekly December 1, 2017 Coresight Research December 1, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses the intensifying battle between retail giants Amazon and Walmart for share of consumers’ e-commerce wallets. According to Adobe Digital Insights, Cyber Monday online sales hit a record $6.59 billion, topping Black Friday’s $5.03 billion. Sales from November 23–26 totaled $13.03 billion, a 14.4% increase year over year. British shoppers made fewer trips to stores, bought more overall and bought more lower-value items on Black Friday this year than they did on the same day last year, according to reports from data providers. Black Friday was expected to be one of the main sales dates for Brazilian retail. A recent survey estimated that Black Friday sales in Brazil would be close to R$2.2 billion ($670 million), 20% greater than during Black Friday in 2016. 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
