Company Earnings Update | June 30, 2017 Register for Free Access Nike (NKE) Fiscal 4Q17 Results: Beats on Earnings, Boosted by Strong International SalesNike reported fiscal 4Q17 adjusted EPS of $0.60, ahead of the $0.50 consensus estimate and up 22.4% year over year, driven by SG&A expense leverage as well as by higher global revenue, a lower tax rate and a lower share count. Read More
Company Earnings Update | June 28, 2017 Register for Free Access Debenhams (LSE:DEB) 3Q17 Update: Comparable Sales Growth DeterioratesUK-based department store chain Debenhams reported that gross transaction value declined by 1.0% year over year in 3Q17. Constant-currency comparable sales declined 2.4%. Read More
Company Earnings Update | June 22, 2017 Register for Free Access Zalando (XTRA: ZAL) 2017 Capital Markets Day and Warehouse Tour: Moving Beyond RetailingAt Zalando’s 2017 Capital Markets Day event, held in Berlin, Germany, management emphasized that the company is moving beyond its traditional model of retailing owned inventory. The company’s Partner Program allows brands and retailers to list and dispatch their own inventory. Read More
Company Earnings Update | June 19, 2017 Register for Free Access TESCO (LSE: TSCO) 1Q18 Update: Sixth Consecutive Quarter of UK Comp GrowthTesco reported total group sales (ex fuel) of 3.6% in 1Q18, or 0.8% at constant exchange rates. Read More
Company Earnings Update | June 16, 2017 Register for Free Access H&M (STO: HM-B) Monthly Sales Update: Weak Sales in MayH&M reported total sales rose by 4% year over year in local currencies in May 2017. This compares to year-over-year sales growth of 7% in April. Read More
Company Earnings Update | June 16, 2017 Register for Free Access Kroger (KR) 1Q17 Results: In-Line EPS; Company Lowers Guidance Due to Higher Inflation ExpectationsKroger reported 1Q17 adjusted EPS of $0.58, in line with the consensus estimate. Revenues were $36.3 billion, up 4.9% year over year and slightly above the $35.6 billion consensus estimate. Read More
Company Earnings Update | June 15, 2017 Register for Free Access Inditex (BME: ITX) 1Q17 Results: Continued Sales and Margin StrengthInditex reported 1Q17 revenues of €5.6 billion, an increase of 14.1% year over year and above analyst estimates. Constant currency sales increased 12.5% year over year in 1Q17, which ended April 30. Read More
Company Earnings Update | June 9, 2017 Register for Free Access Takeaways from Walmart’s 47th Annual Shareholders’ MeetingThe Fung Global Retail & Technology team attended Walmart’s 47th Annual Shareholders’ Meeting, held in Fayetteville, Arkansas. Below are takeaways from the meeting: Read More
Company Earnings Update | June 9, 2017 Register for Free Access Hudson’s Bay Company (HBC) 1Q17 Results: Misses Guidance, Implementing Transformation PlanHudson’s Bay reported fiscal 1Q17 EPS of C$(1.21), down from C$(0.58) in the year-ago quarter and below the C$(0.75) consensus estimate. Revenues were C$3.20 billion, down 3.0% year over year and slightly below the C$3.26 billion consensus estimate. Read More
Company Earnings Update | June 8, 2017 Register for Free Access Boohoo Group (LSE: BOO) 1Q18 Update: Revenues Double, Comps Up 78%, Top-Line Guidance RaisedBoohoo.com grew 1Q18 revenues by 106%, or 98% at constant exchange rates, helped by the acquisition of PrettyLittleThing and the Nasty Gal brand. Read More
Company Earnings Update | June 2, 2017 Register for Free Access Five Below (FIVE) 1Q17 Results: Strong Sales and EPS PerformanceFive Below reported 1Q17 EPS of $0.15, up 25% from the year-ago quarter and slightly above the $0.14 consensus estimate. Total revenues were $232.9 million versus expectations of $230.6 million and were up 20.8% year over year. Read More
Company Earnings Update | June 2, 2017 Register for Free Access Express (EXPR) 1Q17 Results: EPS Missed Consensus; Company Lowers FY17 OutlookExpress reported 1Q17 EPS of $(0.06), including a net negative impact of $0.03 per share related to discrete tax items and the exit of Canada. EPS was down138% from the year-ago quarter and below the consensus estimate of $(0.02). The company reported revenue of $467.0 million, down7.1% from the year-ago quarter and slightly below the $467.7 million consensus estimate. Read More
Company Earnings Update | June 2, 2017 Register for Free Access Dollar General (DG) 1Q17 Results: Beats on EPS and Sales, Lifts OutlookDollar General reported 3Q17 EPS of $0.93, including a nickel of hurricane-related negative impact, missing the consensus estimate by a penny. Revenues were $5.90 billion, up 11.0% year over year and beating the $5.80 billion consensus estimate. Total revenues were $5.61 billion versus expectations of $5.58 billion, and were up 6.5% year over year. Read More
Company Earnings Update | June 1, 2017 Register for Free Access Metro Group (DB:MEO) 1H17 Results: Flat Sales TrendsMetro Group has demerged into two entities, splitting its consumer electronics retailing business (Media-Saturn) and its food retailing/wholesaling division (Metro Cash & Carry and Real). In terms of reporting, the Media-Saturn division has been classified as continuing operations, and the Metro Cash & Carry and Real businesses are now classified as discontinued operations. Read More
Company Earnings Update | June 1, 2017 Register for Free Access Michael Kors (KORS) Fiscal 4Q17 Results: Beats Expectations, but Guides Down for FY18 and Plans to Close StoresMichael Kors reported fiscal4Q17adjusted EPS of $0.73, down28.8% from $1.02 in the year-ago quarter,butahead of the $0.70 consensus estimate. Revenues were $1.06 billion, down 11.2% year over year,butslightly ahead of the $1.05 billion consensus estimate. Read More
