Company Earnings Update | March 11, 2019 Register for Free Access Big Lots (NASDAQ: BIG) 4Q18 Results: Revenues in Line, Big Beat on EPS, Guides for Lower EPSBig Lots reported 4Q18 revenues of $1.60 billion, down 2.6% year over year. Adjusted EPS handily beat the consensus estimate. Comps increased 3.1%. The company guided for a low single digit increase in comps in 2019 and adjusted EPS of $3.55-$3.75 (down 7%-12%), in line with the consensus estimate. Read More
Company Earnings Update | March 8, 2019 Register for Free Access Kroger (NYSE: KR) Fiscal 4Q18 Results: Comp Growth Strengthens, as Management Points to the Fruits of Its “Restock Kroger” ProgramKroger reported a 1.8% increase in same-store sales in 4Q18, up from 1.6% in the prior quarter and in line with consensus. Total reported sales declined due to the divestiture of its convenience store business. Read More
Company Earnings Update | March 7, 2019 Register for Free Access BJ’s Wholesale Club (NYSE: BJ) 4Q18 Earnings: Beats Consensus Estimates, Light GuidanceBJ’s Wholesale Club reported 4Q18 results beating consensus estimates and offered 2019 guidance below consensus. Revenues were $3.42B, beating consensus of $3.36B, comps ex gasoline were +2.9%, and adjusted EPS was $0.44, beating consensus of $0.36. 2019 revenue guidance of $12.9-$13.2B is below consensus of $13.37B; comps are expected to be +1.5%-2.5%. Read More
Company Earnings Update | March 6, 2019 Register for Free Access Target Corp. (NYSE: TGT): 4Q18 Results Beat Expectations, Guides Up and Holds an Upbeat Investor MeetingTarget reported flat 4Q18 total revenues of $22.98 billion, with sales below consensus, however, the year-ago quarter included one extra week ($1.2 billion) of sales. Adjusted EPS was $1.53, beating consensus by a penny. Comps grew 5.3%, beating consensus. Digital sales grew 31%. Read More
Deep Dive | March 4, 2019 Premium Amazon Apparel: Annual US Survey Reveals Amazon Has Overtaken Walmart as America’s Most-Shopped Retailer for ApparelWe explore how many US consumers are buying apparel on Amazon, which retailers these shoppers have switched their spending from, what brands and categories they are buying on Amazon, and their attitudes toward Amazon Fashion. Read More
Flash Report | March 4, 2019 Register for Free Access Amazon Reportedly Planning to Open Several Dozen Non-Whole Foods-Branded Grocery StoresAmazon is reportedly planning to expand its presence in the U.S. grocery market through building new stores to be operated under a banner other than its acquired Whole Foods Markets and with a more typical product offering. Amazon is also considering the acquisition of several region chains. At the same time, the company is expanding its fleet of Whole Foods Market and Amazon Go stores. Read More
Market Outlook | March 1, 2019 Premium Sector Overview: E-Commerce — Online-Offline Integration in a Winner-Takes-All SectorEach of our Sector Overview reports provides an essential briefing on a sector or market. This report focuses on e-commerce. Read More
Company Earnings Update | March 1, 2019 Register for Free Access Carrefour (ENXTPA: CA) FY18 Results: Earnings and Revenues Beat Estimates; 2022 Transformation Plan on TrackCarrefour reported FY18 total sales of €77.9 billion, down 3.1% year over year, but up 3.3% at constant exchange rates, and above the consensus estimate of €76.6 billion by StreetAccount. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Ahold Delhaize (ENXTAM: AD) 4Q18 and FY18 Results: Merger Synergies Continue to Boost ProfitsAhold Delhaize reported FY18 net sales of €62.8 billion, up 2.5% at constant exchange rates, and slightly above the consensus estimate. At constant exchange rates, US revenues were up 1.9%. Read More
Flash Report | February 27, 2019 Register for Free Access Marks & Spencer Confirms Joint Venture with OcadoThe UK’s Marks & Spencer and Ocado Group have confirmed that they are discussing a potential joint venture. A combined M&S-Ocado offering would offer M&S a way to sell online while circumventing the unfavorable economics of its typically small basket sizes. Read More
Insight Report | February 26, 2019 Premium New Retail Briefing #4: Suning.com Expands to Department Stores, Alipay Available at Walgreens“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond. Read More
Company Earnings Update | February 25, 2019 Register for Free Access Wayfair (NYSE: W) 4Q18 Results: Beats Consensus on Revenues and EPS; 1Q19 Guidance in LineWayfair reported 4Q18 revenues of $2.01 billion, operating margins down 173 bps, adjusted EBITDA of $(53.8) million and adjusted EPS of $(1.12). FY18 revenues were $6.8 billion, up 43.6%, adjusted EBITDA was $(215.0) million, adjusted EPS was $(4.09). Read More
Company Earnings Update | February 22, 2019 Register for Free Access Loblaw (TSX: L) 4Q18 Results: Revenues Miss Expectations as Food Demand Proves “Moderate” and Pharmacy Sales Remain SoftLoblaw fourth quarter 2018 revenues miss expectations as food demand moderates and pharmacy sales remain soft. Full year revenues were up just 0.2% while EPS climbed a moderate seven cents per share. Read More
Insight Report | February 22, 2019 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%. Read More
Market Outlook | February 21, 2019 Premium Sector Overview: Convenience Stores — As Consumers Seek Ever More Convenience, Digitalization PrevailsThe convenience store sector is changing to adapt to consumers who live in an increasingly digitalized world who expect both quality and convenience. E-commerce, hypermarket and supermarket operators are muscling into the space, opening their own smaller retail formats. We expect consolidation as M&A activity continues. Read More
