Company Earnings UpdateFive Below (FIVE) 3Q16 Results: Overall Strong Performance; Comps Missed Expectations Coresight Research December 2, 2016 Executive Summary Five Below reported 3Q16 revenues of $199.5 million, up 17.6% from last year’s $169.7 million, and slightly below the consensus estimate of $200.7 million. EPS was $0.10, ahead of the $0.09 consensus estimate and up 25% year over year. Comps sales declined 0.2%, below consensus of 1.1%, driven by decreased comp transactions. The company attributed the comps decline to the strong performance of last year’s comp. For 4Q, Five Below raised the low end of sales guidance while keeping the high end unchanged compared to prior guidance. The company is expecting total sales in the range of $391 million to $397 million and EPS of $0.89–$0.92. 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 ReportULTA Beauty (ULTA) 3Q16 Results: Beats Expectations; Raises FY16 Outlook Coresight Research December 2, 2016 Executive Summary ULTA Beauty reported 3Q16 EPS of $1.40, ahead of the $1.37 consensus estimate, and up 26.1% year over year. Revenues rose 24.3% from the year-ago quarter to $1.13 billion, also beating the consensus estimate of $1.11 billion. Comp sales, including the impact from ecommerce sales, increased 16.7% year over year, beating the 14.8% consensus estimate. That growth was driven by an 11.1% gain in transaction volume and a 5.6% higher average ticket sale. Total ecommerce sales increased 59.1% year over year to $73.6%, contributing 240 basis points of the total company comp sales increase. ULTA Beauty raised its FY16 guidance and now expects EPS growth in the high 20% range versus previous guidance of mid-twenties percentage. The company projects comps to be up 13%–15%, versus previous guidance of 12%–14% and the 13.8% consensus estimate. 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 UpdateUNILEVER (ULVR) ANNUAL INVESTOR SEMINAR 2016: FIVE KEY TAKEAWAYS Coresight Research December 2, 2016 Executive Summary Unilever is to focus on driving sales of its core portfolio in high-growth segments and on reducing costs; the company anticipates annual core operating margin growth to rise from the current range of 20 bps–40 bps to 40 bps–80 bps between 2017 and 2019. Unilever will continue to focus on evolving its product portfolio and developing the channels through which it reaches its customers. In the foods segment, millennial consumers’ focus on health, wellness and vegetarianism is among the key trends on which Unilever will concentrate. In personal care, Unilever anticipates strong demand for men’s grooming products and products made for the Muslim consumer market. Sustainability is an important focus across all categories. 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 ReportExpress (EXPR) 3Q16 Results: Company Sees Challenging Holiday Season Ahead Coresight Research December 2, 2016 Executive Summary Express reported adjusted 3Q16 EPS of $0.11, below the $0.13 consensus estimate and down 64.5% year over year. Revenues totaled $506.1 million, down 7% year over year but above the consensus estimate. Men’s was the strongest product category in the quarter, comping ahead of women’s. E-commerce also performed well, delivering 15% growth following a marketing and merchandising method update designed to enhance selection. The company expects FY16 comparable sales in the negative high-single digits, compared with 6% growth a year ago. Adjusted EPS is expected to be $0.78–$0.82, down from $1.45 a year ago. 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 UpdateAmerican Eagle Outfitters (AEO) 3Q16 Results: Holiday Sales Encouraging Thus Far Coresight Research December 1, 2016 Executive Summary American Eagle Outfitters reported 3Q16 EPS of $0.41, in line with the consensus estimate. Total revenues were $940.6 million versus expectations of $939.6 million. Comps were up 2%, but came in below expectations of 2.9%. AE brand comps were up 0.4%, while Aerie comps were up 21%, marking the sixth consecutive quarter in which Aerie posted comps above 20%. The company noted strength in the digital channels in the period. Management provided 4Q16 EPS guidance of $0.37–$0.39 versus consensus of $0.46. Comps are expected to be flat to up by low single digits versus consensus of 3.8%. Management noted that it is taking a cautious view because the retail climate, particularly in malls, is tough, and the pace of traffic choppy. 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 ReportPROFILING INDUO, OFFERING WATER-REPELLENT COTTON Coresight Research December 1, 2016 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 ReportSavvy Travelers—A Nifty Solution for Traveling Light Coresight Research December 1, 2016 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 ReportGuess (GES) 3Q17 Results: EPS Misses Consensus; US Performance Hampers Results Coresight Research December 1, 2016 Executive Summary Guess reported 3Q17 EPS of $0.11, below the $0.14 consensus estimate and down 27% year over year. The figure was at the low end of management’s previous guidance. The North America retail segment reported $215.9 million in revenue, missing consensus of $219.0 million. The North America wholesale division reported revenue of $44.8 million, beating the consensus estimate. Reported comps for the region were down 4.9% versus consensus expectations of a 3.3% decline. For 4Q17, the company expects adjusted EPS of $0.42–$0.52 and a 3.5%–7.5% increase in net sales. 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 ReportPVH Corp (PVH) 3Q16 Results: Beats on EPS; Updates FY16 Outlook Coresight Research December 1, 2016 Executive Summary PVH Corp. reported 3Q16 adjusted EPS of $2.60, ahead of the $2.35–$2.40 consensus estimate but down 2.3% year over year. Revenues were $2.24 billion, up 3.7% year over year and in line with the consensus estimate. Calvin Klein was the strongest-performing brand in the quarter, with revenues up 9% year over year, or 10% in constant currency. Europe and China were the regions with the strongest sales. The company updated its FY16 guidance, and now expects EPS of $6.51–$6.56 compared with $6.89 in the prior year. Previous guidance called for EPS of $7.50–$7.60. 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 DiveThe UK Apparel Handbook – 2017 Outlook Coresight Research November 30, 2016 Executive Summary Fashion retailers have struggled with weak sales in the UK market in the last few months, and 2016 is shaping up to be the toughest year for UK apparel sales since 2009. We believe that the softness in the UK apparel market will continue in 2017, although growth next year will be against undemanding comparatives. The depreciation of the pound will increase sourcing costs in apparel. However, the UK market faces exceptionally strong competition, arising in large part from growth in capacity, and this will keep a lid on price increases. 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
Event PresentationBreakfast with the Disruptors – Supply Chain Startup Pitches Coresight Research November 29, 2016 Executive SummaryBlack Friday Recap: Strong BF Weekend Bodes Well for Holiday Black Friday Positive for Holiday. Online Sales Post Record High. Mobile Sales At An All-time High. In-store Traffic Declined. Average Spend Declined Due to Heavier Promotions. 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 ReportHouse of Fraser CEO Resigns Coresight Research November 29, 2016 Executive Summary Nigel Oddy is reported to have resigned as CEO of UK department-store chain House of Fraser. Oddy’s resignation is the latest in a series of management departures at House of Fraser since the chain was acquired by Sanpower in 2014. Supply Chain Director, Ray Kavanagh, is set to leave, according to media reports. 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 ReportWeekly Retail Promo Update Nov 27, 2016 Coresight Research November 27, 2016 Executive Summary Bloomingdale’s is offering a similar number of promotions and sales this week as it did during the same week last year. In both years, the retailer promoted Cyber Sunday and Monday sales by offering a 25% discount on a large selection of regular- and sale-priced items. Last year, Bloomingdale’s offered a bMoney promotion during this week that it is not offering this year. The retailer is using text message marketing this week, which it also used during this week last year. JCPenney is promoting slightly fewer sales this week than it did during the same week last year. The retailer is focusing on its Cyber Monday sales this week, while it featured multiple different promotions this week last year, including a Friends and Family Sale and a Red Zone Clearance promotion. In both years, JCPenney offered 25% off Nike apparel and shoes and 33% off purchases over $100 on Cyber Monday. Kohl’s is running a similar number of sales this year as it did during the same week last year. Similar to JCPenney, the company is focusing on Cyber Monday/Week sales the entire week this year. In its Cyber Week sales in both years, Kohl’s offered one-day, online-exclusive, $10-off promotions for different categories of products, including $10 off home purchases over $50. The retailer also promoted Fitbit devices in both years. Macy’s is also offering a similar number of promotions this week as it did last year during the same week. In both years, the company ran a Cyber Monday sale. The retailer featured a 25% off Nike promotion during Cyber Monday this week, while it offered the same promotion as part of its Friends and Family Sale last year during the same week. 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 CornerWeekly Insights Nov 26, 2016 Coresight Research November 26, 2016 Executive Summary This week’s note “From the Desk of Deborah Weinswig” provides some background on the upcoming Thanksgiving holiday and discusses the gifts that consumers are likely to purchase this holiday season. Consumers are planning to spend an average of $400 each during the five days between Thanksgiving and Cyber Monday. Half of that money (51%) will be spent online. Among the consumers surveyed, 87% who plan to shop at some point will do so online. Last year, consumers made nearly half of their online holiday purchases by Cyber Monday. Market-research company GfK has declared Zara the online fashion leader in Spain. In second and third positions are ASOS and Zalando. Zara also has the best conversion rate (12%) in the Spanish online fashion sector, followed by ASOS at 9% and Zalando at only 3%. Many retailers are going south of the border and opening stores in Mexico. Apple, Victoria’s Secret, Williams-Sonoma, Gap, Forever 21 and Amazon have all expanded in Mexico in the past year. Walmart Mexico is outperforming its US parent. Real estate developers have forecast that by 2025 there will be 200 new malls in Mexico, along with a boom in ecommerce. 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 ReportVipshop (VIPS) 3Q16 RESULTS: TOP-LINE GROWTH IN LINE, WHILE EARNINGS MISS ON NEW INVESTMENTS Coresight Research November 25, 2016 Executive Summary Vipshop, the Chinese online discount retailer for branded products, reported 3Q revenue of ¥0 billion (US$1.8 billion), up 38.4% year over year. Non-GAAP diluted earnings per ADS were ¥1.00 for the quarter, up 31.6% year over year. Total active customers increased 43% to reach 20.8 million, and total orders increased 34% year over year to 60.1 million, increasing at a lower rate than revenue. Vipshop guided for 4Q net revenue of ¥0-18.5 billion, representing growth of approximately 30-33%, year over 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
