March 1, 2019 Company Earnings Update 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.
March 1, 2019 Company Earnings Update 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.
February 28, 2019 Company Earnings Update 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.
February 28, 2019 Company Earnings Update 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.
February 27, 2019 Company Earnings Update Register for Free Access Macy’s (NYSE: M) 4Q18 Results: Revenues Down But Comp Sales Up, Beating EstimatesMacy’s reported 4Q18 revenues of $8.46 billion, down 2.5% year over year and beating the consensus estimate of $8.44 billion. The company reported 4Q18 EPS, excluding special items, of $2.73, down 4.2% from the year ago period but beating the consensus estimate of $2.53. For the full year, the company reported $24.97 billion in revenue, up 0.1% from the year ago of $24.93 billion.
February 26, 2019 Company Earnings Update Register for Free Access Associated British Foods (LSE: ABF) 1H19 Update: German Weakness Drags Down Eurozone Growth and Prompts Marketing InvestmentABF reported first-half comparable sales at Primark are expected to be down 2%, total sales to be up 4%, that Primark performed well in the UK with weak November store traffic but “good trading” in other months. The US business “continues to perform strongly.”
February 22, 2019 Market Navigators/Market Outlook Premium The US Adaptive Clothing and Footwear Market Represents a $47.3 Billion Largely Untapped OpportunityCoresight Research estimates the potential global adaptive apparel market will reach $288.7 billion in 2019 and grow to $349.9 billion in 2023. More brands and retailers are launching adaptive collections but the adaptive clothing and footwear market remains underserved.
February 22, 2019 Insight Report Premium January 2019 US Monthly Retail Traffic and In-Store Metrics Report: Post-Holiday Fatigue and Inclement Weather Drive Underwhelming January TrafficAll regions posted sales and traffic declines in January compared to the same period last year. The Midwest registered the largest year-over-year decline in traffic of all regions at 17.5%, owing to severe weather conditions. With warmer and wetter conditions, the South experienced the lowest decline, at 5.8%. The Midwest also recorded the largest year-over-year in-store sales decline among all regions, down 16.8%, whereas the West, which enjoyed warmer and drier conditions, reported the smallest decline, down 1.4%.
February 22, 2019 Company Earnings Update Register for Free Access Gildan (NYSE: GIL) 4Q18 Results: Activewear Drives Strong Revenue GrowthGildan 4Q18 sales rose 13.6% driven by a 22.3% increase in activewear sales. Adjusted operating margin expanded 230 bps due to a 300 bps decline in the SG&A expense ratio. The company’s 2019 outlook includes a 10% increase in adjusted EPS and mid-single-digit sales growth.
February 22, 2019 Event Coverage Register for Free Access Countdown to Shoptalk 2019: Startup Pitch Competition Participants Profile, Part 1 — Ladingo and IncreasinglyLandingo offers a cloud-based solution to enable seamless international shipping for business-to-consumer e-commerce. The company focuses on larger items, such as furniture, bicycles and other bulky products. Container sharing optimization allows Ladingo to offer lower shipping rates for larger items.
February 21, 2019 Market Navigators/Market Outlook Premium Sector Overview: Mass Merchants — Dollar Stores Expand, Mass Merchandisers Digitalize and Costco Widens Its Lead Among Warehouse ClubsAs store closures resume in earnest in 2019, dollar stores are bucking the trend, expanding rapidly. Look for technology to be a deciding factor in the coming years as brick and mortar companies integrate online and offline offerings.
February 20, 2019 Company Earnings Update Register for Free Access Walmart (NYSE: WMT) Fiscal 4Q19 Earnings: Beats EPS Estimates from Strong Expense ManagementWalmart reported fiscal 4Q19 revenues of $138.8 billion, up 1.9% year over year and in line with the consensus estimate. Total revenues excluding foreign currency effects were $140.5 billion, up 3.1%. Membership and other income was $1.1 billion, down 6.0%. Walmart U.S. e-commerce sales increased 43%, benefiting from strong online grocery sales. U.S. comps increased 4.2%, ahead of the 3.1% consensus estimate.
February 20, 2019 Market Navigators/Market Outlook Premium Sector Overview: Apparel & Footwear — Consumer Connectivity Changing Sector LandscapeNew digital marketplaces have made the apparel and footwear market truly global, giving consumers access to brands and products once available only by traveling. Brands are bringing products to neighborhoods that previously had very little access to the latest fashion trends.
February 18, 2019 Insight Report Premium December 2018 US Retail Sales: Year-Over-Year Growth Slows to Just 1.0% as Most Sectors Experience a Sluggish DecemberOur measure of core retail sales is non-seasonally-adjusted sales excluding gasoline and automobiles. This metric increased by just 1.0% year over year in December, slowing dramatically from the growth in preceding months, including a 5.2% uplift in November. This resulted in total holiday-period sales coming in at $693 billion, up by just 2.9% year over year.
February 15, 2019 Company Earnings Update Register for Free Access Canada Goose (NYSE: GOOS) 3Q19 Results: Revenue and EPS Beat Consensus, Raises FY19 GuidanceCanada Goose revenues up 50%, EPS up 64%, revises guidance upwards, plans two new Canada manufacturing facilities, bringing total to eight.
