Company Earnings Update | July 29, 2016 Register for Free Access Adidas (ETR: ADS) Raises FY16 Guidance Following Very Strong 2Q16 ResultsAdidas unexpectedly announced preliminary results for 2Q16 and raised its FY16 sales and profit forecasts. The 2Q16 results widely beat analysts’ estimates, and Adidas raised its profit forecast for the fourth time this year. Read More
Company Earnings Update | July 28, 2016 Register for Free Access Alphabet (GOOGL) 2Q16 Results: Alphabet Has a “Terrific” Quarter, Beats on Top and Bottom LinesAlphabet (the parent company of Google) reported 2Q16 revenues of $21.5 billion, up 21.3% year over year and ahead of the $20.7 billion consensus estimate. Non-GAAP EPS was $8.42, up 20.4% year over year and beating the $8.04 consensus estimate. Read More
Company Earnings Update | July 27, 2016 Register for Free Access Whole Foods Market (WFM) 3Q16 Results: Mostly In-Line Quarter; Comparable Store Sales StrugglingWhole Foods Market reported fiscal 3Q16 revenues of $3.7 billion, up 2% year over year and roughly in line with the consensus estimate. Adjusted EPS was $0.37, in line with consensus and representing a 14% decrease from EPS of $0.43 in the year-ago quarter. Read More
Company Earnings Update | July 26, 2016 Register for Free Access Under Armour (UA) 2Q16 Results: Profits Negatively Affected by Liquidation of Sports Authority; Company Plans to Expand Brick-and-Mortar Locations in 2016Under Armour reported 2Q16 revenues of $1 billion, up 28.2% year over year and roughly in line with the consensus estimate. EPS was $0.01, missing the consensus by a penny and representing an 83.3% decrease from EPS of $0.06 in the year-ago quarter. Read More
Company Earnings Update | July 21, 2016 Register for Free Access Unilever (LSE: ULVR) 1H16 RESULTS: SALES BEAT ESTIMATES DESPITE VOLATILE MARKET CONDITIONSUnilever reported 1H16 revenues of €26.3 billion, down 2.6% year over year and slightly above the consensus estimate of €25.9 billion. The decline was primarily driven by a negative currency impact of 7.6%, which offset sales growth of 4.7%. Read More
Company Earnings Update | June 30, 2016 Register for Free Access Alibaba (BABA) Steps Up Global Expansion Strategy by Raising its Stake in LazadaAlibaba announced that it will pay almost $1 billion to increase its stake in leading Southeast Asia e-commerce platform Lazada to 83% from 51%. Read More
Company Earnings Update | June 16, 2016 Register for Free Access Kroger 1Q16 Results: Beats on Earnings on Strong Margins; Reaffirms Full-Year GuidanceKroger reported 1Q16 EPS of $0.70 versus the consensus estimate of $0.69. Read More
Company Earnings Update | May 31, 2016 Register for Free Access Under Armour Updates 2016 Outlook Based on Sports Authority LiquidationThe US Bankruptcy Court in Delaware recently approved the liquidation of Sports Authority. Since the business will not be restructured or sold, Under Armour will recognize an impairment charge of $23 million in 2Q16 related to the liquidation. In addition, Under Armour will be able to recognize only $43 million of the $163 million in revenues it originally expected from Sports Authority in 2016. Read More
Company Earnings Update | May 18, 2016 Register for Free Access Target (TGT) 1Q16 Results: Company Provides Softer 2Q OutlookTarget reported adjusted 1Q16 EPS of $1.29 versus the consensus estimate of $1.19. Read More
Company Earnings Update | May 18, 2016 Register for Free Access American Eagle (AEO) 1Q16 Results: Strong Results in a Tough EnvironmentAmerican Eagle Outfitters reported 1Q16 EPS of $0.22 versus the consensus estimate of $0.18. Read More
Company Earnings Update | May 12, 2016 Register for Free Access Nordstrom (JWN) 1Q16 Results: Big Earnings Miss; FY16 Guidance Lowered to Reflect Softening Industry DynamicsNordstrom announced 1Q16 diluted EPS of $0.26, far below the consensus estimate of $0.45. The disappointing results were driven by sales that were lower than planned and by higher markdowns intended to better align inventory positions with softening industry trends. Read More
Company Earnings Update | May 10, 2016 Register for Free Access Macy’s (M) 1Q16: Guidance Reduced Due to Continued Weak SpendingMacy’s reported FY1Q16 adjusted EPS of $0.40 versus consensus of $0.38. Read More
Company Earnings Update | May 5, 2016 Register for Free Access Abercrombie & Fitch (ANF) 1Q16 Results: Abercrombie Experiences Traffic Challenges that Are Not Expected to Improve in 2QAbercrombie & Fitch reported adjusted 1Q16 EPS of $(0.53) versus the consensus estimate of $(0.51). Read More
Company Earnings Update | April 28, 2016 Register for Free Access Amazon (AMZN) 1Q16 Earnings: Beats Estimates on Top and Bottom Lines; 2Q Guidance in LineAmazon reported 1Q16 revenues of $29.1 billion, up 28.2% year over year and ahead of the $28.0 billion consensus estimate. EPS was $1.07, beating the $0.60 consensus estimate and compared to a loss of $0.12 in the year-ago quarter. Read More
Company Earnings Update | April 21, 2016 Register for Free Access Alphabet (GOOG) 1Q16 Results: Solid Quarter, but EPS MissesAlphabet reported 1Q16 revenues of $20.3 billion, up 17.4% year over year. Non-GAAP EPS was $7.50, missing the consensus estimate of $7.96. Read More
