Company Earnings Update | March 1, 2019 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. Read More
Company Earnings Update | February 28, 2019 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. Read More
Company Earnings Update | February 26, 2019 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.” 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: 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. Read More
Company Earnings Update | February 20, 2019 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. Read More
Insight Report | February 18, 2019 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. Read More
Deep Dive | February 6, 2019 Free Report US Retailer Survey: Revealing the Hidden Costs of Poor Inventory ManagementToday’s retail environment is marked by more intense competition and rapid changes in consumer preferences, both of which pressure retailers to make smarter inventory decisions. To minimize unplanned markdowns that impact the bottom line, retailers must ensure that they deliver products consumers want to buy to the locations where they want to buy them. Read More
Deep Dive | January 28, 2019 Free Report 10 Retail Trends for 2019: Get Ready for Retail ReinventionGet ready for better stores and better retailing. We expect 2019 to be a year of reinvention — and not just for the retail sector as a whole, but for physical stores in particular. As we outline over the following pages, we anticipate that the year will be marked by spectacular retail, fast retail and smart retail. Read More
Company Earnings Update | January 18, 2019 Register for Free Access Casino Group (ENXTPA: CO) 4Q18 Update: French Protests Drag on Sales GrowthCasino Group reported that group comparable sales excluding automotive fuel were up 3.6% year over year in 4Q18, versus the 3.3% rate reported for 3Q18 and just shy of the 3.7% consensus estimate recorded by StreetAccount. Total group sales were up 0.2% year over year. Read More
Insight Report | January 15, 2019 Premium US Holiday Comparable Sales Growth Results: A Mixed Picture So FarAs US retailers report comparable sales for the 2018 holiday season, we’re seeing a mixed bag of results. Some retailers such as Costco and Boot Barn did well, reporting strong comparable sales growth and beating consensus estimates. Retailers such as Target, Barnes & Noble and Buckle showed sequential comparable sales growth improvement, but not as strong. Comparable sales at Macy’s and L Brands weakened sequentially. Read More
Company Earnings Update | November 22, 2018 Register for Free Access The TJX Companies (TJX) 3Q19 Results: Strong Comparable Sales, In-Line EPSIn 3Q19, the TJX Companies grew revenue 12.1% year over year to $9.83 billion, beating the consensus estimate of $9.5 billion. Adjusted EPS of $0.54 was inline with consensus. Read More
Company Earnings Update | November 21, 2018 Register for Free Access Ross (ROST) 3Q18 Results: In Line with Expectations; Raises Full-Year EPS GuidanceRoss Stores reported 3Q18 revenues of $3.55 billion, up 6.6% year over year and in line with the consensus estimate. Diluted EPS was $0.91, up 26.9% year over year and $0.01 above the consensus estimate of $0.90. Read More
Company Earnings Update | September 26, 2018 Register for Free Access Ascena (ASNA) Fiscal 4Q18 Results: Results Beat Expectations, Guides Above ConsensusAscena reported adjusted fiscal 4Q18 EPS of $0.07, up 36.0% from a year ago and beating the consensus of $0.02. Adjusted revenues were $1.68 billion, up 1.2% year over year and beating the $1.62 billion consensus estimate. Read More
Company Earnings Update | September 5, 2018 Register for Free Access EXPRESS (EXPR) 2Q18 Results: Beats Estimates and Raises GuidanceExpress reported 2Q18 EPS of $0.03, beating the consensus estimate of breakeven. Revenues were $493.6 million, up by 2.6% year over year and beating the consensus estimate of $483.5 million. Read More
