Company Earnings UpdateBaidu (BIDU) 3Q17 Results: Revenues Grow on Higher Spending Per Customer, Earnings Rise on Disposal of Baidu Deliveries Coresight Research October 27, 2017 Executive Summary Baidu reported 3Q17 revenues reached ¥23.5 billion, up 28.7% year over year and in line with the consensus estimate. Non-GAAP diluted earnings per ADS of ¥25.94, up 161.5% year over year, to beat the consensus of ¥13.48.. The significant rise in earnings was primarily driven by the disposal of Baidu Deliveries, as well as revenue growth and improvement in the operating margin. Management expects the topline for 3Q17 to be in the range of ¥22.23–¥23.41 billion, representing a year-over-year increase of 22%–29%. 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 October 27, 2017 Coresight Research October 27, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses recent efforts by startups and large retailers to take the pain out of returning purchases. Amazon will own about 44 cents out of every e-commerce dollar spent in the US this year, up from 38 cents last year, according to new estimates from research firm eMarketer. Hudson’s Bay Company said that it was selling off its flagship Lord & Taylor department store to WeWork, an office-sharing startup. Lord & Taylor will rent out about a quarter of the building, where it will operate a pared-down department store. UK retail sales grew by 4.6% year over year in September, comprising 1.6% real-terms growth and a 3.0% rise in prices. Grocery store sales grew by 1.3%, while sales at large clothing chains grew by 7.2% and Internet retail sales grew by 14.1%. 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 UpdateAmazon (AMZN) 3Q17 Results: Another Blowout Quarter, with 34% Sales Growth Coresight Research October 27, 2017 Executive Summary Amazon reported 3Q17 EPS of $0.52, flat year over year but beating the $0.07 consensus estimate. Net sales (including Whole Foods Market) were $43.7 billion, up 33.7% year over year and beating the $41.6 billion consensus estimate. Subscription services was the fastest-growing segment, growing by 59% in the quarter, followed by Amazon Web Services (AWS) at 42%. Amazon also broke out $1.3 billion of revenue from its physical stores. Guidance for 4Q17 calls for revenues of $56.0–$60.5 billion, above the $54.2 billion consensus estimate, and for operating income of $300 million–$1.65 billion, whose midpoint is below the $1.50 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
Company Earnings UpdateDebenhams (LSE:DEB) FY17 Results: Weak Sales and Margin Performance Coresight Research October 27, 2017 Executive Summary UK-based department store chain Debenhams reported gross transaction value sales of £2,954 million for FY17, up 2.0% year over year, and above the consensus estimate of £2,947 million. FY17 statutory revenues came in at £2,335 million, up 1.1% year over, and group comparable-store sales decreased 0.2% year over year on a constant-currency basis. UK reported revenues were down by 0.7% and UK comparable-store sales were flat year over year. The FY17 gross margin contracted by 50 basis points to 12.4% and underlying EPS decreased by 14.7% year over year. For FY18, Debenhams forecasts gross margin erosion of 25 bps year over year and an increase in total costs of 1.0%–2.0% year over year. Management did not issue sales guidance. 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 UpdateHudson’s Bay Company and WeWork Redefine the Traditional Department Store Coresight Research October 26, 2017 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 ReportTarget Herald Square Grand Opening and Store Tour Coresight Research October 23, 2017 Executive Summary The New York FGRT team attended the grand opening celebration of Target’s new store in Herald Square in New York City last week. The new location is one of Target’s small-format stores. It has 50,000 square feet of space and is the company’s third store in Manhattan and its 17th in New York City. By 2019, Target plans to open 130 small-format stores, which generate about twice the sales per square foot as traditional stores. The new Herald Square Target has fast-moving items such as New York City souvenirs, Halloween supplies and prepared food on the ground floor, with groceries, apparel, electronics and household items one floor below. 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 October 20, 2017 Coresight Research October 20, 2017 Executive Summary This week’s note “From the Desk of Deborah Weinswig” discusses FGRT’s top digital retail trends for the holiday season. US retail sales climbed 1.6% in September as reconstruction and cleanup efforts in hurricane-devastated areas likely boosted demand for building materials and motor vehicles. Sales were also buoyed by a surge in receipts at service stations, which reflected higher gasoline prices after Hurricane Harvey disrupted production at oil refineries along the Gulf Coast. French supermarket giant Carrefour has launched a new app that allows customers to deliver orders to other customers. The app is called Merci Voisin, which is French for “Thanks, neighbor.” Indian ride-hailing company Ola announced that it has closed $1.1 billion in fresh financing, led by Tencent. The funding round is the largest in the company’s six-year history and its first major raise since November 2015. 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 UpdateUnilever (LSE: ULVR) 3Q17 Update: Sales Miss Estimates, Hit by Poor Weather and Natural Disasters Coresight Research October 20, 2017 Executive Summary Unilever reported 3Q17 sales of €13,166 million, well below the consensus estimate of €14,206 million and down 1.6% year over year. Underlying sales growth was 2.6%, below the consensus estimate of 4.4%. The group maintained its forecast for full-year underlying sales growth of 3%–5%. 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 DiveDeep Dive: Private Label in US Grocery – Five Drivers of Growth Coresight Research October 19, 2017 Executive SummaryPrivate-label goods capture a minority share of the US grocery market, but there are five specific factors that could boost sales of these products: Rising food-price inflation may prompt American shoppers to trade down from branded grocery products. Expansion of grocery discounters Aldi and Lidl in the US could fuel competition in private label. Amazon’s acquisition of Whole Foods Market could jumpstart Amazon’s grocery private-label offering. Retailers could capitalize on heightened consumer demand for more fresh, organic and natural foods. Private labels could capture growth in the meal-kit market. Kroger and Albertsons are two grocery retailers that are already tapping this category. 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 UpdateCarrefour (ENXTPA: CA) 3Q17 Update: Very Weak French Performance and Lower Brazilian Inflation Drag Down the Top Line Coresight Research October 19, 2017 Executive Summary Carrefour reported that 3Q17 net sales were up just 0.4%. Net sales were up 1.9% at constant currency. In France, comparable sales growth slowed to (0.9)%, from 1.3% in 1H17. Comparable sales were down in French hypermarkets and supermarkets, in part, management said, because of the timing of a company promotion. 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 PresentationRetail Revolution – Disrupt or Be Disrupted (XSPECS) Coresight Research October 19, 2017 Executive SummaryAGENDA About the Team The Mall Environment Today The Changing Consumer Opportunities for Retailers Top In-Store Technologies The Store Formats of the Future Global Trends 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 UpdateZalando (XTRA: ZAL) 3Q17 Trading Update: Strong Sales Growth, but Declining Profit Margins Due to Growth Investments Coresight Research October 19, 2017 Executive Summary Zalando expects to report 3Q17 revenues of €1,064–€1,081 million, according to preliminary figures, representing growth of 27.5%–29.5% year over year. The company expects to achieve 3Q17 adjusted EBIT of €(5.0)–€5.0 million, corresponding to an adjusted EBIT margin of (0.5)%–0.5%. The company will report full and detailed 3Q17 results on November 7, 2017. Zalando will enter the beauty market in spring 2018 to tap into the online beauty shopping opportunity in Europe and complement its fashion assortment. 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 UpdateGroupe Casino (EPA: CO) 3Q17 Trading Update: Sales Beat Consensus, but Growth Stymied by Inflation in Brazil Coresight Research October 18, 2017 Executive Summary Groupe Casino reported that 3Q17 revenues were up 1.9% from the year-ago period and ahead of the consensus estimate. Comparable sales increased by 2.2%. Comps in France grew by 0.6% and comps in Latin America were up 2.0%. Cdiscount comps grew by an impressive 18.4%. 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 UpdateASOS (LSE: ASC) FY17 Results: Strong, Largely In-Line Growth Coresight Research October 18, 2017 Executive Summary ASOS grew revenues by 33% in the year ended August 31. Strong international sales growth drove the company’s top-line performance. The company raised its FY18 sales growth guidance to 25%–30%. 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 ReportSeptember 2017 US Retail Sales and Traffic Coresight Research October 16, 2017 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 US Monthly Retail Sales and Traffic Report reviews year-over-year changes in selected store-based metrics, including sales, traffic and conversion rates. Highlights from our September Retail Traffic report: US retail sales fell unexpectedly in August. On a month-over-month basis, total retail sales decreased by 0.2% in August and amounted to $474.8 billion. On a year-over-year basis, total retail sales increased by 3.3% in August and retail sales excluding autos increased by 1.5%. Only four out of 13 major store categories posted negative sales results compared with July. E-commerce and auto sales fell the most. Sales at nonstore retailers dropped by 1.1% month over month in August. Hurricane Harvey, which significantly impacted Texas in the last week of August, contributed to sluggish auto sales. According to RetailNext, store sales and traffic metrics worsened from July to August. Retail traffic declined by 7.7% year over year. Average transaction value was down 2.1% year over year, while sales per shopper fell by 2.0%. Total transactions declined by 7.5%. 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
