Company Earnings Update | March 14, 2019 Register for Free Access Morrisons (LSE: MRW) FY19 Results: Solid Profit Growth Prompts Optimistic OutlookMorrisons reported FY19 results with both top-line and EPS slightly missing the consensus but otherwise showing strong growth. Read More
Company Earnings Update | March 14, 2019 Register for Free Access Inditex (BME: ITX) FY18 Results: Revenues Up, Missed Consensus, Integrating Online and Stores GloballyIndustria de Diseño Textil, S.A. (Inditex) reported FY18 revenues of €26.15 billion, lower than the consensus estimate of €26.41 billion and up 3.2% from the year ago period. The company reported net income of €3.44, up 2.1% from the year ago period. Comparable store sales increased 4.0% in FY18, positive across all regions and brands as well as both online and in-store. Management projects comparable sales growth of 4%-6% in FY2019. Read More
Company Earnings Update | March 14, 2019 Register for Free Access Adidas (DB: ADS) 4Q18 Results: Supply Chain Shortages Reduce Near-Term Sales OutlookIn 4Q18, Adidas net sales increased 3.5% to €5.2 billion, or 5% on a currency-neutral basis, driven by double-digit gains in Asia Pacific and Greater China. Read More
Company Earnings Update | March 13, 2019 Register for Free Access Dick’s (NYSE: DKS) 4Q18 Results: Revenues Down, Closing Hunt Category in 125 Stores in 2019Dick’s Sporting Goods 4Q18 revenues were $2.49B, down 6.5% YoY and beating the consensus estimate of $2.48B. The company reported 4Q18 EPS of $1.07, down 3.6% from the year ago period, and above the consensus estimate of $1.06. The company saw consolidated comparable sales growth of (2.2%) for the quarter on a shifted basis compared to (6.5%) from the year ago period, and the consensus estimate of (3.3%). For fiscal year 2019, the company expects EPS to be in the range of $3.15-3.35, compared to the consensus estimate of $3.34. Management projects consolidated same store sales to be flat to 2%, compared to the consensus estimate of 0.5%. The company will close the hunt category in 125 of its stores in 2019. Read More
Company Earnings Update | March 12, 2019 Register for Free Access Costco Wholesale (NASDAQ: COST) Fiscal 2Q19 Results: Solid Quarter with Slightly Light Revenues and Blowout EPSCostco reported fiscal 2Q19 revenues of $35.40 billion, up 7.3% year over year and slightly below the $35.65 billion consensus estimate. EPS was $2.01, up 26.6% year over year and handily beating the $1.69 consensus estimate. Comps (excluding gasoline and other items) increased 6.7%, and e-commerce comps increased 25.5%. Read More
Company Earnings Update | March 11, 2019 Register for Free Access Big Lots (NASDAQ: BIG) 4Q18 Results: Revenues in Line, Big Beat on EPS, Guides for Lower EPSBig Lots reported 4Q18 revenues of $1.60 billion, down 2.6% year over year. Adjusted EPS handily beat the consensus estimate. Comps increased 3.1%. The company guided for a low single digit increase in comps in 2019 and adjusted EPS of $3.55-$3.75 (down 7%-12%), in line with the consensus estimate. Read More
Company Earnings Update | March 8, 2019 Register for Free Access American Eagle Outfitters (NYSE: AEO) Fiscal 4Q18 Results: Revenues Up, Comps Up 23% at Aerie, Opening 60-70 Aerie Locations in 2019AEO reported fiscal 4Q18 revenues of $1.24B, lower than the consensus estimate of $1.B, and up 1.3% YoY. The company reported 4Q18 EPS of $0.43, higher than the consensus estimate of $0.42 and exceeding the company’s guidance of $0.40-$0.42, but lower than the year ago period. American Eagle’s fourth quarter comp sales rose 3%, marking the seventh consecutive quarter of comp increases. In 1Q19, the company projects EPS of $0.19 to $0.21, lower than the consensus estimate of $0.24. AEO expects comparable sales to be in the positive low single digits. The company expects to open 60-70 stores in 2019. Read More
Company Earnings Update | March 8, 2019 Register for Free Access Burlington Stores (NYSE: BURL) Fiscal 4Q18 Results: Revenues Up, Missed Consensus, Opening 50 Net New Locations in 2019Burlington Stores, Inc. reported fiscal 4Q18 revenues of $1.99B, lower than the consensus estimate of $2.05B, and up 2.8% YoY. The company reported adjusted 4Q18 EPS of $2.83, higher than the consensus estimate of $2.77 and 28.1% higher than the year ago period which excludes the impact of the third week and the revaluation of 2017 deferred tax liabilities. Fourth quarter comparable store sales increased 1.3%, lower than the consensus estimate of 3.2%. 1Q19 earnings per share guidance is $1.21-$1.31, lower than the consensus estimate of $1.36. The company projects total sales to increase 7%-9%, compared to the consensus estimate of 8.9%. The company expects to open 50 net new stores in 2019. Read More
Company Earnings Update | March 8, 2019 Register for Free Access Kroger (NYSE: KR) Fiscal 4Q18 Results: Comp Growth Strengthens, as Management Points to the Fruits of Its “Restock Kroger” ProgramKroger reported a 1.8% increase in same-store sales in 4Q18, up from 1.6% in the prior quarter and in line with consensus. Total reported sales declined due to the divestiture of its convenience store business. Read More
Company Earnings Update | March 7, 2019 Register for Free Access Kohl’s (NYSE: KSS) Fiscal 4Q18 Results: Revenues Down, Comps Up, Positively Impacted by Competitor Store ClosuresKohl’s reported 4Q18 revenues of $6.82 billion, down 3.3% year over year. The company reported 4Q18 EPS of $2.24, up 19.8% from the year ago period. Comparable sales on a shifted basis, increased 1% for the quarter and increased by 1.7% for the year. Read More
Company Earnings Update | March 7, 2019 Register for Free Access Urban Outfitters (NYSE: URBN) Fiscal 4Q19 Results: Revenues Up, Comps Up, Plans to Open Net 15 New Stores in 2019Urban Outfitters reported fiscal 4Q19 revenues of $1.13B, up 3.7% year over year. The company reported 4Q19 adjusted EPS of $0.83, up 20.3% from the year ago period. Comparable sales were up 3.7% YoY. By brand, comparable retail sales increased by 4% at Free People, 4% at Urban Outfitters, 2% at Anthropologie. For fiscal FY20, the company plans to open 28 new stores and close 13 stores, with a net of 15 new stores across its banners. The company stated that the Urban Outfitters’ brand recorded exceptional growth in China on its Tmall Global platform, and in the summer of 2019, the Urban Outfitters brand will launch on the larger Tmall Classic platform as well. Read More
Company Earnings Update | March 7, 2019 Register for Free Access Ross Stores (NYSE: ROST) Fiscal 4Q18 Results: Beats Estimates, Plans to Open 100 Stores in 2019Ross Stores reported fiscal 4Q18 revenues of $4.1B, up 1% YoY and above the $4.0B consensus estimate. The company’s comparable sales were up 4% in 4Q18 as compared to a 5% increase in 4Q17. For fiscal 1Q19, Ross Stores forecasts comparable sales growth of flat to up 2% and projects EPS to be $1.05–$1.11. The company plans to add 22 new Ross Dress for Less (Ross) and 6 dd’s DISCOUNTS stores in 1Q19. The company plans to open about 100 new stores in 2019, consisting of approximately 75 Ross and 25 dd’s DISCOUNTS locations. Read More
Company Earnings Update | March 7, 2019 Register for Free Access Dollar Tree (NASDAQ: DLTR) 4Q18 Results: Beats on Comps and EPS, Announces 2019 Store Optimization Plan of Renovations and ClosuresDollar Tree reported 4Q18 results that beat expectations on comps and EPS. The company announced a “store optimization program” for Fmaily Dollar that includes the renovation of 1,000 stores, the rebannering of 200 stores, and the closure of up to 390 stores. 2019 guidance was below consensus. Read More
Company Earnings Update | March 7, 2019 Register for Free Access BJ’s Wholesale Club (NYSE: BJ) 4Q18 Earnings: Beats Consensus Estimates, Light GuidanceBJ’s Wholesale Club reported 4Q18 results beating consensus estimates and offered 2019 guidance below consensus. Revenues were $3.42B, beating consensus of $3.36B, comps ex gasoline were +2.9%, and adjusted EPS was $0.44, beating consensus of $0.36. 2019 revenue guidance of $12.9-$13.2B is below consensus of $13.37B; comps are expected to be +1.5%-2.5%. Read More
Company Earnings Update | March 6, 2019 Register for Free Access Target Corp. (NYSE: TGT): 4Q18 Results Beat Expectations, Guides Up and Holds an Upbeat Investor MeetingTarget reported flat 4Q18 total revenues of $22.98 billion, with sales below consensus, however, the year-ago quarter included one extra week ($1.2 billion) of sales. Adjusted EPS was $1.53, beating consensus by a penny. Comps grew 5.3%, beating consensus. Digital sales grew 31%. Read More
