Company Earnings Update | October 19, 2016 Register for Free Access ASOS (AIM: ASC) FY16 RESULTS: REVENUES AND EPS BEATBritish online fashion retailer ASOS reported £1,444.9 million in revenues, in the 12 months ending August 31, 2016, above the consensus estimate of £1,436.6 million and up 26% year over year. FY16 constant-currency revenues increased 26% year over year. Read More
Flash Report | October 10, 2016 Register for Free Access Chico’s FAS (CHS) Appoints Diane Ellis as President of the Chico’s BrandChico’s FAS has named Diane Ellis President of the Chico’s brand, effective November 1, 2016. Read More
Flash Report | October 7, 2016 Register for Free Access Walgreens Boots Alliance Displaces CVS from Tricare Pharmacy NetworkWalgreens Boots Alliance (WBA) will replace CVS as the in-network pharmacy for Tricare, the healthcare program of the US Department of Defense Military Health System. Read More
Flash Report | September 28, 2016 Register for Free Access Boohoo.com (LON: BOO) 1H17 RESULTS: VERY STRONG PERFORMANCE AND INCREASED GUIDANCEBritish online fashion retailer boohoo.com reported £127.3 million in revenues, in the 6 months ending August 31, 2016, beating the consensus estimate of £126.6 million and up 40.2% from £90.8 million in the 6 months to August 31, 2015. 1H17 constant-currency revenues increased 41% year over year. Read More
Flash Report | September 2, 2016 Register for Free Access Ctrip (CTRP) 2Q16 RESULTS: EARNINGS BEAT DUE TO MARKETING COST SAVINGS AND STRONG CHINESE TRAVEL DEMANDCtrip, China’s leading online travel agent, reported in-line 2Q16 revenues of ¥4.41 billion, up 75% year over year. Non-GAAP net profit of ¥0.06 billion beat the consensus estimate of a loss of ¥0.04 billion, but was down 81% year over year due to the consolidation of Qunar. Read More
Flash Report | August 17, 2016 Register for Free Access Urban Outfitters (URBN) 2Q 2016 RESULTS: SOLID PERFORMANCE, SIGNIFICANT MARGIN IMPROVEMENTUrban Outfitters reported 2Q 2016 EPS of $0.66 versus last year’s $0.52, and beat the consensus estimate of $0.55. Reported revenues were $890.6 million, up 3% year over year and exceeded expectations of $885.9 million, driven by a wholesale net sales increase of 4%. Read More
Insight Report | August 4, 2016 Premium AMAZON DEVICES ARE BACK AT TARGETTarget (TGT) has resumed selling Amazon (AMZN) electronic devices such as Fire tablets, Fire TV video devices and Kindle e-readers on target.com. The products are scheduled to return to shelves in October 2016. Read More
Flash Report | August 2, 2016 Register for Free Access CVS Pharmacy (CVS) 2Q16 Results: Mixed Quarter, but Company Raises GuidanceCVS reported 2Q16 adjusted EPS of $1.32, up 8.3% year over year and ahead of guidance of $1.28–$1.31, beating the consensus estimate by two cents. The company reported revenues of $43.7 billion, up 17.6% year over year but missing the $44.3 billion consensus estimate. Read More
Company Earnings Update | July 29, 2016 Register for Free Access Amazon (AMZN) 2Q16 RESULTS: AMAZON HAS A BIG QUARTER WITH 31% REVENUE GROWTHAmazon reported 2Q16 revenues of $30.4 billion, up 31.1% year over year, beating the $29.6 billion consensus estimate and at the high end of the guidance range of $28–$30.5 billion. EPS was $1.78, compared to $0.19 in the year-ago quarter and consensus of $1.11. Read More
Flash Report | July 28, 2016 Register for Free Access Carrefour (ENXTPA: CA) 1H16 Results: Group Sees Growth in Latin America, While Sales Weaken in France and ChinaCarrefour reported net sales of €36.3 billion in 1H16, down 3.8% from 1H15 and missing the consensus estimate of €37.1 billion. At constant currency, sales grew by 2.2%. Recurring operating income fell by 3.0%, to €706 million, but beat the consensus estimate of €686.4 million. Read More
Flash Report | July 13, 2016 Register for Free Access AMAZON PRIME DAY 2016 WRAP-UPAmazon reported that Prime Day 2016 was its biggest sales day ever, with orders up more than 60% worldwide and more than 50% in the US. Read More
Flash Report | July 13, 2016 Register for Free Access Burberry (LSE: BRBY) 1Q17 Results: Weak Tourist Spending Pressures RevenuesBurberry reported fiscal 1Q17 retail revenue of £423 million, unchanged year over year at constant currency. Read More
Flash Report | July 12, 2016 Register for Free Access Amazon Prime Day: A Mixed Response in 2016Fung Global Retail & Technology began covering the second annual Amazon Prime Day starting at its launch at midnight Pacific Time (PT) today. 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
Flash Report | June 1, 2016 Register for Free Access Vera Bradley (VRA) 1Q17 Results: Beats on EPS, but Revenues Are LightVera Bradley reported fiscal 1Q17 EPS of $0.06 versus the consensus estimate of $0.05. Read More