Company Earnings Update | February 24, 2017 Register for Free Access Gap (GPS) 4Q16 Results: Solid Earnings and a Revenue Beat; Comps Expected to Be Flat to Up Slightly for FY17Gap reported 4Q16 adjusted EPS of $0.51, down from $0.57 in the year-ago quarter but above the consensus estimate of $0.50. The company reported revenue of $4.43 billion, up1% from the year-ago quarter and above the $4.41billion consensus estimate. Read More
Company Earnings Update | February 23, 2017 Register for Free Access TJX Companies (TJX) Fiscal 4Q17 Results: Solid Quarter and Healthy FY18 OutlookTJX Companies reported fiscal 4Q17 EPS of $1.03, versus $0.99 in the year-ago quarter and beating the consensus estimate by two cents. Revenues were $9.47 billion, up 5.6% year over year and slightly ahead of consensus estimates. Read More
Company Earnings Update | February 23, 2017 Register for Free Access L Brands (LB) 4Q16 Results: Beats Expectations, Comps FlatL Brands reported 4Q16 revenue of $4.5 billion, up 2.2% from last year’s $4.4 billion and beating the consensus estimate of $4.4 billion. Adjusted EPS was $2.03, beating the consensus estimate of $1.90. Read More
Company Earnings Update | February 23, 2017 Register for Free Access Esprit (330 HK) 1H17 Results: Recovers from a Net Loss, but Revenue ShrinksEsprit posted a net profit of HK$66 million for 1H17, a turnaround from the net loss of HK$232 million for the same period last year, driven by an increase in retail sales productivity and trimming operation costs. Read More
Company Earnings Update | February 23, 2017 Register for Free Access (CHS) 4Q16 Results: Solid Earnings and Revenue Beat, Cost-Saving Initiatives Grow ProfitsChico’s FAS reported 4Q16 adjusted EPS of $0.10, up from $0.05 in the year-ago quarter and beating the consensus estimate of $0.04. The company reported adjusted revenue of $600.8 million, down 2.3% from $614.9 million in the year-ago quarter but above the $594.8 million consensus estimate. Read More
Company Earnings Update | February 16, 2017 Register for Free Access H&M (STO: HM-B) Monthly Sales Update: Sequential Sales Improvement in JanuaryH&M reported total sales rose by 8% year over year in local currencies in January 2017. This compares to sales growth of 6% in December. January sales were negatively impacted by 2% due to a calendar impact. Read More
Event Presentation | February 15, 2017 Premium Australian Apparel Market PrimerAustralian retailers are relatively positive about their prospects for 2017. In Deloitte’s most recent Retailers’ Christmas Survey, 64% of respondents are expecting their earnings to increase by 5% or more in 2017, with such levels of optimism at their highest since we started this survey five years ago. However, this optimism needs to be tempered somewhat with realities of the macro-economic outlook. The ‘wealth-factor’ arising from appreciating house prices that has buoyed parts of the market is starting to slow down, whilst we continue to see low wage growth. Against this background, the retail environment in Australia is likely to remain challenging, particularly with the continued influx and expansion of global retailers in Australia. Read More
Company Earnings Update | February 1, 2017 Register for Free Access H&M (STO: HM-B) FY16 Results: Tough Year, but Better-Than-Expected January SalesSwedish fast-fashion retailer Hennes & Mauritz AB reported SEK192.3 billion in net sales excluding VAT in FY16, slightly below the consensus estimate of SEK192.8 billion and up 6.3% year over year. Net sales including VAT increased by 7% year over year on a constant currency basis. The company did not provide comparable stores sales growth rates. Read More
Company Earnings Update | February 1, 2017 Register for Free Access Under Armour (UAA) 4Q16 Results: Big Miss, Slowing Growth, CFO DepartureUnder Armour reported 4Q16 adjusted EPS of $0.23, down from $0.24 in the year-ago quarter and missing the consensus estimate by $0.02. Revenues were $1.31 billion, up 11.7% year over year but also missing the consensus estimate, which called for revenues of $1.41 billion. Management commented that numerous challenges and disruptions in North American retail had tempered the company’s results. Read More
Insight Report | February 1, 2017 Premium From Runway to Checkout: The See-Now-Buy-Now Trend in FashionImpacted by rising digitization, the fashion industry is currently in a state of rapid transformation. High-end fashion brands are evolving towards a see-now-buy-now business model, which consists of runway styles being available for purchase immediately after fashion shows instead of the customary six-month wait. Read More
Company Earnings Update | February 1, 2017 Register for Free Access Coach (COH) 2Q17 Results: Solid Quarter; Company Lowers Revenue Outlook Due to Currency EffectsCoach reported fiscal 2Q17 adjusted EPS of $0.75, up from $0.68 in the year-ago quarter, beating the consensus estimate by a penny. Revenues were $1.32 billion, up 3.8% year over year and in line with the consensus estimate. Read More
Company Earnings Update | January 18, 2017 Register for Free Access Zalando (XTRA: ZAL) Q416 Trading Update: Strong Sales, but Slightly Below Analysts’ EstimatesZalando reported that it expects 4Q16 revenue to grow 25%–26% year over year to €1,086–€1,094 million, according to preliminary figures. Read More
Company Earnings Update | January 17, 2017 Register for Free Access H&M (STO: HM-B) Monthly Sales Update: Lower-Than-Expected Growth in DecemberH&M reported a 6% year-over-year increase in total sales in local currencies in December 2016. This compares to sales growth of 9% in November. Read More
Company Earnings Update | January 16, 2017 Register for Free Access Fast Retailing Group (TSE:9983) 1Q17 Results: Revenues Miss Estimates; EPS Jumps on a Weaker YenFast Retailing Group reported 1Q17 consolidated revenues of ¥528.8 billion, up 1.6% year over year, and missed the consensus median estimate of ¥540.9 billion. Read More
Deep Dive | January 16, 2017 Premium Deep Dive: Millennial Lifestyles Drive Growth in Apparel RentalOnline apparel and accessory rental services are proliferating. Apparel rental models allow customers to borrow items for a set time period, typically at a meaningful discount to the products’ retail price. Read More
