Company Earnings Update | February 13, 2017 Register for Free Access Kering (ENXTPA: KER) FY16 Results: Strongest Revenue Increase in Last Five YearsFrench luxury group Kering reported FY16 revenue of €12.4 billion, up 6.9% year over year and above the analyst consensus estimate of €12.3 billion. At constant currency, revenues increased 8.1% year over year. Read More
Company Earnings Update | February 8, 2017 Register for Free Access Michael Kors (KORS) 3Q17 Results: Company Misses Expectations; Weak Guidance Points to ChallengesMichael Kors reported 3Q17 total revenue of $1.35 billion, down 3.2% from $1.40 billion in the year-ago quarter. EPS was $1.64, beating the consensus estimate of $1.63. Read More
Deep Dive | February 7, 2017 Premium India Rising — An Overview of India’s Burgeoning Startup EcosystemThis is the first report in our series on the Indian startup ecosystem. Read More
Deep Dive | February 7, 2017 Premium Deep Dive: US Consumer Survey: Amazon is Winning the Battle in the Toy SegmentWhile brick-and-mortar stores remain the main channel where consumers go to buy toys, online retailing has doubled its mind share compared with five years ago: 14.7% of consumers say they go online to purchase toys versus 7.3% five years ago. Read More
Company Earnings Update | February 3, 2017 Register for Free Access Ralph Lauren (RL) 3Q17 Earnings: CEO Departure Announcement Overshadows 3Q ResultsRalph Lauren reported 3Q17 adjusted EPS of $1.86, beating the consensus estimate of $1.64. Revenues decreased by 12%, to $1.71 billion from $1.95 billion in the year-ago period, and were in line with guidance. Read More
Company Earnings Update | February 3, 2017 Register for Free Access Luxottica (BIT: LUX) Global Empire: M&A HistoryOver the past 20 years, Italy-based Luxottica has expanded through numerous acquisitions and grown into the world’s largest consumer eyewear frame manufacturer, with US$9.7 billion in annual sales and a market capitalization of US$26 billion. Read More
Analyst Corner | February 3, 2017 Register for Free Access Weekly Insights Feb 3, 2017This week’s note “From the Desk of Deborah Weinswig” discusses social commerce and its value to consumers, as well as the value of social media to both retailers and consumers. Read More
Company Earnings Update | February 3, 2017 Register for Free Access Estée Lauder (EL) 2Q17 Results: Mixed Quarter, Softer Outlook Due to Currency EffectsEstée Lauder reported fiscal 2Q17 adjusted EPS of $1.22, flat year over year but beating the $1.17 consensus estimate. Net sales were $3.21 billion, up 2.7% year over year but slightly missing the $3.24 billion consensus estimate. Read More
Company Earnings Update | February 3, 2017 Register for Free Access Amazon (AMZN) 4Q16 Results: Earnings Beat, Revenue and Guidance Below ExpectationsAmazon reported 4Q16 EPS of $1.54, compared with $1.00 in the year-ago quarter and beating the $1.37 consensus estimate. Net sales were $43.7 billion, up 22.4% year over year but missing the $44.7 billion consensus estimate. Read More
Company Earnings Update | February 1, 2017 Register for Free Access H&M (STO: HM-B) FY16 Results: Tough Year, but Better-Than-Expected January SalesSwedish fast-fashion retailer Hennes & Mauritz AB reported SEK192.3 billion in net sales excluding VAT in FY16, slightly below the consensus estimate of SEK192.8 billion and up 6.3% year over year. Net sales including VAT increased by 7% year over year on a constant currency basis. The company did not provide comparable stores sales growth rates. Read More
Flash Report | February 1, 2017 Register for Free Access Alibaba’s Ant Financial to Acquire US Payment Service MoneyGram for $880 Million in CashOn January 26, Ant Financial and MoneyGram announced that privately held Ant Financial would acquire publicly traded MoneyGram (MGI) for $13.25 per share, representing a total deal value of about $880 million. The deal is expected to close in the second half of 2017. Read More
Company Earnings Update | February 1, 2017 Register for Free Access Luxottica (BIT: LUX) FY16 Trading Update: Solid Performance in Retail Segment Outweighs Weakness in WholesaleLuxottica reported that adjusted revenue in FY16 increased by 0.8% (1.9% at constant currency), to €9,086 million, which was slightly above the consensus estimate of €9,070 million. The company also announced an agreement to acquire 100% of Óticas Carol, one of the largest optical retail franchisors in Brazil. Read More
Company Earnings Update | February 1, 2017 Register for Free Access Under Armour (UAA) 4Q16 Results: Big Miss, Slowing Growth, CFO DepartureUnder Armour reported 4Q16 adjusted EPS of $0.23, down from $0.24 in the year-ago quarter and missing the consensus estimate by $0.02. Revenues were $1.31 billion, up 11.7% year over year but also missing the consensus estimate, which called for revenues of $1.41 billion. Management commented that numerous challenges and disruptions in North American retail had tempered the company’s results. Read More
Company Earnings Update | February 1, 2017 Register for Free Access Coach (COH) 2Q17 Results: Solid Quarter; Company Lowers Revenue Outlook Due to Currency EffectsCoach reported fiscal 2Q17 adjusted EPS of $0.75, up from $0.68 in the year-ago quarter, beating the consensus estimate by a penny. Revenues were $1.32 billion, up 3.8% year over year and in line with the consensus estimate. Read More
Flash Report | January 30, 2017 Register for Free Access Tesco-Booker Merger: Uniting Food Retail and WholesaleTesco, the UK’s biggest grocery retailer, and Booker, the UK’s largest cash-and-carry wholesale supplier, have announced an agreement to merge. The transaction values Booker, the smaller of the parties, at £3.7 billion. Read More
