Company Earnings Update | October 14, 2019 Register for Free Access Seven & i Holdings (TSE: 3382) 1H20 Results: Operating Income Grows in Both Domestic and Overseas Convenience StoresJapan-based diversified retail group Seven & i reported net sales down 1.9% year over year to ¥2,656.6 billion in 1H20, ended Aug 31, 2019. Operating income came in at ¥205.1 billion, up 2.8%, primarily driven by strong overseas convenience store operations. Read More
Company Earnings Update | October 7, 2019 Register for Free Access Costco Wholesale (NASDAQ: COST) 4Q19 Results: Revenues and EPS Comfortably Beat Consensus(To be completed by Editor) Costco Wholesale reported 4Q19 revenues of $47.50 billion, up by 7.0% and comfortably above the consensus estimate of $37.33 billion. EPS was $2.47, up 4.9% compared to the year-ago quarter and easily beating the $1.71 consensus estimate. Read More
Company Earnings Update | October 4, 2019 Register for Free Access Ascena (NASDAQ: ASNA) 4Q19 Results: Concentrating on Growing Brands, Ascena Says It Is Not Considering BankruptcyAscena reported 4Q19 revenues of $1.27B above consensus of $1.20B. The company considers options to optimize its balance sheet and said that bankruptcy of Ascena is not an option being evaluated. Read More
Company Earnings Update | October 4, 2019 Register for Free Access H&M (STO: HM-B) 3Q19 Results: Revenues and EPS Beat Consensus; Transformation Work on TrackH&M confirmed its 3Q19 net sales were up 12.1% year over year and reported EPS of SEK 2.33, ahead of the consensus estimate of SEK 2.28. The company plans to open many stores in 4Q19. Read More
Company Earnings Update | October 3, 2019 Register for Free Access Tesco (LSE: TSCO) 1H20 Results: Dave Lewis To Step Down in 2020Tesco reported 1H20 results and announced that CEO Dave Lewis will leave the business in summer 2020. He will be succeeded by Ken Murphy, formerly of Walgreens Boots Alliance. Read More
Company Earnings Update | September 26, 2019 Register for Free Access Sainsbury’s (LSE: SBRY) 2Q20 Trading Update: Closing Stores as 1H20 Profits Set to DipIn 2Q20, Sainsbury’s reported a sequential improvement in sales growth. The company sees an opportunity to cut costs by £500 million over five years. Read More
Company Earnings Update | September 26, 2019 Register for Free Access Boohoo Group (LSE: BOO) 1H20 Results: Revenues and EPS Beat Consensus Again; Raises FY20 GuidanceBoohoo Group reported 1H20 total revenues of £564.9 million, up 43% year over year and above the consensus estimate of £553.0 million recorded by StreetAccount. Read More
Company Earnings Update | September 25, 2019 Register for Free Access Nike (NYSE: NKE) 1Q20 Results: Growth Across All Geographies, Led by Product Innovation and DigitalNike 1Q20 revenues rose 7.1% to $10.66 billion, driven by growth across all geographies, beating the $10.44 billion consensus estimate. Read More
Company Earnings Update | September 20, 2019 Register for Free Access Next (LSE: NXT) 1H20 Results: Online Sales Drive Earnings BeatNext reported 1H20 operating profit of £340.9 million, up 3% year over year and ahead of expectations of £330.9 million, driven by strong performance in its online business. Read More
Company Earnings Update | September 18, 2019 Register for Free Access Adobe (NASDAQ: ADBE) 3Q19 Results: Beats Consensus on EPS with Strong Magento Bookings, But 4Q Guidance Lags ConsensusAdobe’s 3Q19 results beat consensus EPS estimates, reporting 40% growth in Magento bookings. The company’s 4Q revenue and EPS guidance fell below consensus estimates. Read More
Company Earnings Update | September 18, 2019 Register for Free Access Ocado (LSE: OCDO) 3Q19 Trading Update: Surge in Customer Orders; JV on the Right TrackIn 3Q19, Ocado grew retail revenue 11.4% year over year, driven by a 12.1% rise in average orders per week. Read More
Company Earnings Update | September 17, 2019 Register for Free Access Inditex (BME: ITX) 1H19 Results: Revenue Up, Promoting SustainabilityInditex reported 1H19 revenues of €12.8 billion, up 6.6%; EPS of €0.50, up 8.7%; and predicts its new sustainably made line will grow 110% for the year and by 2020 will represent 25% of all clothing sold by Inditex. Read More
Company Earnings Update | September 17, 2019 Register for Free Access Infor (Private) 1Q20 Results: Revenues Up in Constant Currency but Hurt by Customer Issue, Leadership TransitionInfor reported 1Q20 revenue growth in constant currency, which was hurt by a European customer putting its SaaS project on hold. The company also announced a transition in its senior leadership team. Read More
Company Earnings Update | September 17, 2019 Register for Free Access H&M (OMX: HM-B) 3Q19 Update: Sales Beat Estimates; Gains Market ShareH&M reported 3Q19 net sales of SEK 62.6 billion, up 12% year over year, higher than the 11% recorded in 2Q19 and with revenues slightly ahead of the consensus estimate of SEK 62 billion recorded by StreetAccount. Read More
Company Earnings Update | September 13, 2019 Register for Free Access Morrisons (LSE: MRW) 1H20 Results: Sharp Downturn in Retail CompsMorrisons 1H20 comparable sales were up 0.2% year over year: Retail contributed (1.1)% to group comps while wholesale contributed 1.3%. Read More