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
Company Earnings Update | March 4, 2019 Register for Free Access JD.com (NASDAQ: JD) 4Q18 Results: Revenues Beat Consensus Thanks to Strong Singles’ Day SalesJD.com reported 4Q18 revenue of ¥134.8 billion ($19.6 billion), up 22.4% year over year and beating the consensus estimate of ¥132.5 billion. Read More
Company Earnings Update | March 4, 2019 Register for Free Access Nordstrom (NYSE: JWN) 4Q18 Results: Soft Traffic at Full-Price Stores Penalizes SalesNordstrom net sales declined 4.7% to $4.4 billion, comps declined 1.6% in full-price and rose 4% in off-price. Operating margin was flat at 7.6%. For 2019, the company expects net sales to grow 1-2%, lower than the consensus estimate of 2.8%, and EPS to be $3.65-3.90, in line with consensus of $3.67. Read More
Company Earnings Update | March 4, 2019 Register for Free Access Foot Locker (NYSE: FL) 4Q18 Results: Revenues Up, Comps Up 9.7%, FL Closing 165 Stores in 2019Foot Locker 4Q18 revenues were $2.27 billiob, up 2.8% YoY, above consensus of $2.18 billion. The company reported 4Q18 adjusted EPS of $1.56, beating consensus of $1.40. Comps rose 9.7% for the quarter. Management expects mid-single digit comp gains and a double digit percentage increase in EPS in 2019. The company plans to close 165 stores. Read More
Company Earnings Update | March 4, 2019 Register for Free Access Gap Inc. (NYSE: GPS) Fiscal 4Q19 Results: Gap and Old Navy to Split, 230 Stores to CloseGap reported fiscal 4Q19 revenues of $4.6 billion, down 3% year over year and lower than the $4.7 billion consensus estimate. The company reported 4Q19 EPS of $0.72, up from $0.52 in 4Q18, but below the $0.68 consensus estimate. Read More
Company Earnings Update | March 1, 2019 Register for Free Access Carrefour (ENXTPA: CA) FY18 Results: Earnings and Revenues Beat Estimates; 2022 Transformation Plan on TrackCarrefour reported FY18 total sales of €77.9 billion, down 3.1% year over year, but up 3.3% at constant exchange rates, and above the consensus estimate of €76.6 billion by StreetAccount. Read More
Company Earnings Update | March 1, 2019 Register for Free Access JCPenney (NYSE: JCP) 4Q18 Results: Revenues Down, Comps Down, Closing 18 Full-Line Stores in 2019JCPenney plans to close 18 full-line stores and nine ancillary home and furniture stores in 2019. 4Q18 revenues were $3.67B, down 9.5% YoY, below the consensus estimate of $3.72B. Read More
Company Earnings Update | March 1, 2019 Register for Free Access L Brands (NYSE: LB) 4Q18 Results: Mixed Results, Victoria’s Secret to Close 53 Stores in 2019L Brands 4Q18 revenues were $4.85B, up 0.6% YoY and lower than the consensus estimate of $4.91B. The company reported 4Q18 adjusted EPS of $2.14, higher than the consensus estimate of $2.08. Read More
Company Earnings Update | March 1, 2019 Register for Free Access Farfetch (NYSE: FTCH) 4Q18 Results: Strong Finish to 2018, Beating Consensus EstimatesFarfetch’s 4Q18 revenues grew 54.6% to $195.5 million, beating the $180.3 million consensus estimate. GMV rose 50.1%, or $155.8 million, to $466.5 million. Read More
Company Earnings Update | March 1, 2019 Register for Free Access Zalando (XTRA: ZAL) 4Q18 and FY18 Results: Final Quarter Bounce Back, But Falling Basket Sizes and Rising Fulfilment Costs Remain ProblematicZalando reported a strong conclusion to the year with revenues up 24.6% year over year in 4Q18. 4Q18 adjusted EBIT came in comfortably ahead of expectations. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Steve Madden (NASDAQ: SHOO) 4Q18 Results: Steady Navigation Amid Rough Seas on Strength of Steve Madden Brand PortfolioSteve Madden 4Q sales rose 12.6%, same store sales rose 4%, adjusted operating profit contracted 80 bps and adjusted EPS increased 31.3% to $0.42. Adjusted EPS guidance for 2019 is $1.75-1.83. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Best Buy (NYSE: BBY) Fiscal 4Q19 Results: Beats Consensus Estimates and Guides at or Above Consensus for FY20Best Buy (BBY) reported a 4Q18 that beat expectations across the board, and 2019 guidance was in line. Comps were +3.0%, beating the +1.8% consensus. EPS was $2.72, beating the $2.56 consensus. Revenues of $14.8B also beat consensus. For 2019, BBY expects comps of +0.5%-2.5%, in line with consensus of +1.5%. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Ahold Delhaize (ENXTAM: AD) 4Q18 and FY18 Results: Merger Synergies Continue to Boost ProfitsAhold Delhaize reported FY18 net sales of €62.8 billion, up 2.5% at constant exchange rates, and slightly above the consensus estimate. At constant exchange rates, US revenues were up 1.9%. Read More
Company Earnings Update | February 28, 2019 Register for Free Access The TJX Companies (NYSE: TJX) 4Q19 Results: Revenues Up, Full-Year Comps Up for 23rd Consecutive YearTJX fiscal 4Q19 revenues were $11.13B, up 1.5% YoY and beating consensus of $11.02B. The company reported 4Q19 adjusted EPS of $0.68, down 1.4%, and in line with consensus. Comp sales were 6% over a 4% increase in the year ago period. For 1Q20, TJX anticipates diluted EPS to be $0.53 to $0.54, lower than consensus estimate of $0.58. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Lowe’s (NYSE: LOW) Fiscal 4Q18 Results: Mixed Results and In-Line Guidance, Yet Many Opportunities for Improvement in 2019Lowe’s reported mixed Q4 results and 2019 guidance was higher on revenues, in line on EPS. Q4 EPS was $0.80, beating consensus by a penny. Comps were +1.7% below +2.1% consensus. Revenues were slightly light. 2010 revenue guidance was +2%, ahead of +1.8% consensus, comp guidance was +3%, ahead of +2.9% consensus, EPS guidance of $6.00-$6.10 was in line. Read More
