Company Earnings Update | March 7, 2019 Register for Free Access Ross Stores (NYSE: ROST) Fiscal 4Q18 Results: Beats Estimates, Plans to Open 100 Stores in 2019Ross Stores reported fiscal 4Q18 revenues of $4.1B, up 1% YoY and above the $4.0B consensus estimate. The company’s comparable sales were up 4% in 4Q18 as compared to a 5% increase in 4Q17. For fiscal 1Q19, Ross Stores forecasts comparable sales growth of flat to up 2% and projects EPS to be $1.05–$1.11. The company plans to add 22 new Ross Dress for Less (Ross) and 6 dd’s DISCOUNTS stores in 1Q19. The company plans to open about 100 new stores in 2019, consisting of approximately 75 Ross and 25 dd’s DISCOUNTS locations. Read More
Company Earnings Update | March 7, 2019 Register for Free Access Dollar Tree (NASDAQ: DLTR) 4Q18 Results: Beats on Comps and EPS, Announces 2019 Store Optimization Plan of Renovations and ClosuresDollar Tree reported 4Q18 results that beat expectations on comps and EPS. The company announced a “store optimization program” for Fmaily Dollar that includes the renovation of 1,000 stores, the rebannering of 200 stores, and the closure of up to 390 stores. 2019 guidance was below consensus. 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
Market Navigators/Market Outlook | March 5, 2019 Premium Sector Overview: Consumer Packaged Goods — Demand Is Strong, but Companies Must Be Agile to Meet Consumers’ NeedsEach of our Sector Overview reports provides an essential briefing on a sector or market. In this report, we review the global consumer packaged goods (CPG) market. Read More
Flash Report | March 5, 2019 Register for Free Access Alibaba Forms Strategic Collaboration with Office Depot to Serve US BusinessesAlibaba Group’s business-to-business (B2B) trading platform Alibaba.com announced a strategic collaboration with the US business services and supplies company Office Depot. Read More
Company Earnings Update | March 4, 2019 Register for Free Access JD.com (NASDAQ: JD) 4Q18 Results: Revenues Beat Consensus Thanks to Strong Singles’ Day SalesJD.com reported 4Q18 revenue of ¥134.8 billion ($19.6 billion), up 22.4% year over year and beating the consensus estimate of ¥132.5 billion. Read More
Company Earnings Update | March 4, 2019 Register for Free Access Nordstrom (NYSE: JWN) 4Q18 Results: Soft Traffic at Full-Price Stores Penalizes SalesNordstrom net sales declined 4.7% to $4.4 billion, comps declined 1.6% in full-price and rose 4% in off-price. Operating margin was flat at 7.6%. For 2019, the company expects net sales to grow 1-2%, lower than the consensus estimate of 2.8%, and EPS to be $3.65-3.90, in line with consensus of $3.67. Read More
Company Earnings Update | March 4, 2019 Register for Free Access Foot Locker (NYSE: FL) 4Q18 Results: Revenues Up, Comps Up 9.7%, FL Closing 165 Stores in 2019Foot Locker 4Q18 revenues were $2.27 billiob, up 2.8% YoY, above consensus of $2.18 billion. The company reported 4Q18 adjusted EPS of $1.56, beating consensus of $1.40. Comps rose 9.7% for the quarter. Management expects mid-single digit comp gains and a double digit percentage increase in EPS in 2019. The company plans to close 165 stores. Read More
Company Earnings Update | March 4, 2019 Register for Free Access Gap Inc. (NYSE: GPS) Fiscal 4Q19 Results: Gap and Old Navy to Split, 230 Stores to CloseGap reported fiscal 4Q19 revenues of $4.6 billion, down 3% year over year and lower than the $4.7 billion consensus estimate. The company reported 4Q19 EPS of $0.72, up from $0.52 in 4Q18, but below the $0.68 consensus estimate. Read More
Market Navigators/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
Event Coverage | March 1, 2019 Register for Free Access Becoming the “Starting Point for Fashion,” Tripling GMV in Five Years, and Ending One-Size-Fits-All: Three Insights from Zalando’s 2019 Capital Markets DayZalando wants to attract more brands to its Partner Program and to sell fulfillment and marketing services to more of them — creating a stronger multibrand proposition. 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 | March 1, 2019 Register for Free Access JCPenney (NYSE: JCP) 4Q18 Results: Revenues Down, Comps Down, Closing 18 Full-Line Stores in 2019JCPenney plans to close 18 full-line stores and nine ancillary home and furniture stores in 2019. 4Q18 revenues were $3.67B, down 9.5% YoY, below the consensus estimate of $3.72B. Read More
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
