Insight Report(EBAY) 2Q 2016 RESULTS: QUARTER IN LINE, RAISES FULL-YEAR GUIDANCE ON SOLID CUSTOMER GROWTH, ACQUISITIONS Coresight Research July 21, 2016 Executive Summary eBay reported 2Q16 revenues of $2.2 billion, up 5.7% year over year and slightly above the consensus estimate. Gross merchandise volume (GMV) was $20.9 billion, up 4% year over year as reported and up 6% on a currency-neutral basis. Adjusted EPS was $0.43, as compared to $0.42 in the year-ago quarter, and beating the consensus estimate by a penny. StubHub achieved GMV of $1.1 billion, up 35% year over year, and revenues of $225 million, up 40%. Classifieds platforms generated revenue of $207 million, up 15% year over year. eBay raised full-year guidance and now expects revenues of $8.85–$8.95 billion, up from prior guidance of $8.6–$8.8 billion. The company also raised EPS guidance to non-GAAP EPS of $1.85–$1.90, up from $1.82–$1.87. 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 (LSE: ULVR) 1H16 RESULTS: SALES BEAT ESTIMATES DESPITE VOLATILE MARKET CONDITIONS Coresight Research July 21, 2016 Executive Summary Unilever reported 1H16 revenues of €26.3 billion, down 2.6% year over year and slightly above the consensus estimate of €25.9 billion. The decline was primarily driven by a negative currency impact of 7.6%, which offset sales growth of 4.7%. In the first half of 2016, Unilever’s underlying revenues in the Personal Care segment increased by 5.7% year over year, while underlying sales in the Food segment increased by 2.3%. Underlying sales in the Home Care segment were up by 6.5% and underlying sales in the Refreshment segment increased by 4.1%. Underlying sales in Asia increased year over year by 5.5% in 1H16, underlying sales in the Americas increased by 7.4% and underlying sales in Europe increased by 0.1%. This document was generated for
Insight ReportStarbucks (SBUX) 3Q16 Results: Comps Miss Expectations on Flat Transactions Coresight Research July 21, 2016 Executive Summary Starbucks reported 3Q16 EPS of $0.49, in line with the consensus estimate. However, its total same-store sales and total revenues missed analyst’s’ expectations. Full-year guidance calls for EPS of $1.88–$-1.89 per share, consistent with prior guidance. Sales guidance was lowered 10% from slightly above mid-single digits10%+ previously. Bright spots in the business includes a steady growth inof loyalty program enrollment and a strong, 7% comps in China. 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 ReportZalando (XETRA:ZAL) 2Q 2016 RESULTS: STRONG REVENUE GROWTH, INCREASED MARGIN GUIDANCE Coresight Research July 19, 2016 Executive Summary Zalando reported revenue growth in the neighborhood of 24% to 26%, from €909 million to €924 million, in line with a consensus of €917 million, in preliminary results for 2Q16. The company expects its 2Q16 EBIT margin to be in the range of 7.5% to 9.5%, up from 4.1% in 2Q15. Zalando expects to deliver 20% to 25% revenue growth during FY16 and increased its adjusted EBIT margin to a range of 4% to 5.5%. 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
Insight ReportH&M (STO: HM-B) Monthly Sales Update: Sales Growth Slows to 8% Coresight Research July 18, 2016 Executive Summary H&M reported that total sales grew by 8% year over year in local currencies in June 2016. Growth in May was 9%. Total store numbers grew by 12.4% year over year, to 4,095 as of June 30. Sales growth lagged store growth by 444 basis points in June, a widening from the 304-basis-point difference in May. 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 ReportFreshDirect vs AmazonFresh Coresight Research July 18, 2016 Executive Summary FreshDirect is an online grocer that has been delivering fresh products straight from farms to households since 2002. AmazonFresh, a newcomer in online grocery, offers competitive prices and an extensive selection out of a huge warehouse in New Jersey. Based on our analysis, AmazonFresh offers faster delivery options and an average grocery basket price that is 25% lower than FreshDirect’s. 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 Jul 17, 2016 Coresight Research July 17, 2016 Executive Summary This week, JCPenney is having a sale on back-to-school apparel that is identical to last year’s sale. The retailer is also hosting a two-day clearance sale this week, but last year it ran the clearance sale forseven days. During this week last year, Kmart focused its back-to-school sales on products for college students, but this year’s discounts feature items for elementary school students. Macy’s is offering markdowns that are similar to last year’s, but it has extended the length of its sale from one day to five this year. Last year during this week, Bloomingdale’s focused on boosting online traffic by offering shorter-duration, online-only sales. This year, it is offering longer-running, in-store-only sales. Kohl’s is offering savings similar to last year’s throughout its departments this week and is running a “3-Day Door Buster” sale that is similar to last year’s. 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 PresentationMeeting Tech Talk (ICSC NARTF) Coresight Research July 15, 2016 Executive SummaryAGENDA About Us Retail Environment Overview Top 10 Retail & Technology 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
Insight ReportThe Convergence of Science, Medicine and Beauty 2016 Coresight Research July 15, 2016 Executive Summary The boundaries between cosmetics and pharmaceuticals are blurring. Cosmeceuticals are the manifestation of a convergence of science, medicine and beauty. There are huge markets at stake for the combination of health, science and beauty. The global healthcare market is approximately $7.6 trillion, the global medicine market more than $1 trillion, and the global beauty market is nearly $300 billion, which add together to a combined $9 trillion market. The global market for cosmetic products offering drug-like benefits is estimated at $43 billion this year and is projected to grow at a CAGR of about 9% during 2014–2020, reaching $61 billion in 2020. Industry research will likely focus on the application of biomimetics, 3D bioprinting, and genetic and stem cell technologies for the development of beauty products in the future. 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 Jul 15, 2016 Coresight Research July 15, 2016 Executive Summary This week’s note “From the Desk of Deborah Weinswig” explores how Amazon’s highly successful second-annual Prime Day has disrupted retail and encouraged competitors to offer summer promotions of their own in addition to changing their behavior in several ways. As e-commerce continues to grow, retailers are leasing warehouse space at record-setting rates. In the second quarter of 2016, companies leased 70.1 million square feet of industrial space, up 6% from the year-ago quarter. Developers are racing to build more warehouses to meet demand, but, in the meantime, rents have been increasing. London’s iconic Oxford Street expects to see a £1 billion lift in annual sales from the Crossrail Elizabeth line. Oxford Street already generates £5 billion per year in sales and the New West End Company hopes it will hit an annual target of £6 billion by 2020. The Singapore government will cooperate with Microsoft to build prototype chatbots to improve public services. First, it will build bots capable of answering simple factual questions. Next, it will focus on bots that help citizens finish transactions within government websites. Finally, it will customize the chatbots to better serve each user’s needs. This document was generated for
Flash ReportAMAZON PRIME DAY 2016 WRAP-UP Coresight Research July 13, 2016 Executive Summary Amazon reported that Prime Day 2016 was its biggest sales day ever, with orders up more than 60% worldwide and more than 50% in the US. Sales of Amazon devices tripled, and the Fire TV Stick was the overall hottest seller. Amazon devices are optimized to consume Amazon media content. The discounts encouraged a host of new members to sign up for Amazon Prime—and Prime members outspend nonmembers by a factor of more than 2:1. Coresight has been covering Amazon Prime Day since it was launched in 2015 and additional reports from can be accessed here. This document was generated for
Event PresentationLunch & Learn Coresight Research July 13, 2016 Executive SummaryAbout Fung Global Retail & Technology The knowledge bank for the Fung Group Focuses on emerging retail and tech trends, specializing in retail and technology intersections, and building collaborative communities. Based in New York, London and Hong Kong Publishes thematic and global market research on topics such as the Internet of Things, digital payments, omnichannel retail, luxury and fashion trends and disruptive technologies. 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 ReportBurberry (LSE: BRBY) 1Q17 Results: Weak Tourist Spending Pressures Revenues Coresight Research July 13, 2016 Executive Summary Burberry reported fiscal 1Q17 retail revenue of £423 million, unchanged year over year at constant currency. Retail comparable sales were down 3%, largely driven by weak performance in Hong Kong and Macau and a decline in tourist spending. For FY17, Burberry expects total retail revenue growth in the low single digits. The company expects the wholesale business to decline by more than 10%. This document was generated for
Flash ReportGroupe Casino (EPA: CO) 2Q16 Results: Groupe Casino Revenues Slide on Weak Foreign Exchange Coresight Research July 13, 2016 Executive Summary Groupe Casino reported 2Q16 group revenue of €9.97 billion, a decline of 7.0% from 2Q15’s restated revenue. The group’s operations in France were affected by unfavorable weather, a decline in tourism and social unrest. The group’s Latin America sales were strongly impacted by negative currency effects. This document was generated for
Flash ReportAmazon Prime Day: A Mixed Response in 2016 Coresight Research July 12, 2016 Executive Summary Fung Global Retail & Technology began covering the second annual Amazon Prime Day starting at its launch at midnight Pacific Time (PT) today. The response to this year’s deals appears initially to be mixed. Lackluster early traffic estimates in the US and the UK have been offset by a strong tailwind of 43% estimated growth in Prime membership year over year. Fung Global Retail & Technology is maintaining its daily sales estimate of $525 million, up 26% from last year’s $415 million estimate, owing to increased awareness of the event this year and the strong estimated growth in Prime membership year over year. Coresight has been covering Amazon Prime Day since it was launched in 2015 and additional reports from can be accessed here. This document was generated for
