Company Earnings Update | March 1, 2019 Register for Free Access Farfetch (NYSE: FTCH) 4Q18 Results: Strong Finish to 2018, Beating Consensus EstimatesFarfetch’s 4Q18 revenues grew 54.6% to $195.5 million, beating the $180.3 million consensus estimate. GMV rose 50.1%, or $155.8 million, to $466.5 million. Read More
Company Earnings Update | March 1, 2019 Register for Free Access Zalando (XTRA: ZAL) 4Q18 and FY18 Results: Final Quarter Bounce Back, But Falling Basket Sizes and Rising Fulfilment Costs Remain ProblematicZalando reported a strong conclusion to the year with revenues up 24.6% year over year in 4Q18. 4Q18 adjusted EBIT came in comfortably ahead of expectations. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Steve Madden (NASDAQ: SHOO) 4Q18 Results: Steady Navigation Amid Rough Seas on Strength of Steve Madden Brand PortfolioSteve Madden 4Q sales rose 12.6%, same store sales rose 4%, adjusted operating profit contracted 80 bps and adjusted EPS increased 31.3% to $0.42. Adjusted EPS guidance for 2019 is $1.75-1.83. Read More
Company Earnings Update | February 28, 2019 Register for Free Access Best Buy (NYSE: BBY) Fiscal 4Q19 Results: Beats Consensus Estimates and Guides at or Above Consensus for FY20Best Buy (BBY) reported a 4Q18 that beat expectations across the board, and 2019 guidance was in line. Comps were +3.0%, beating the +1.8% consensus. EPS was $2.72, beating the $2.56 consensus. Revenues of $14.8B also beat consensus. For 2019, BBY expects comps of +0.5%-2.5%, in line with consensus of +1.5%. 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
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 28, 2019 Register for Free Access Lowe’s (NYSE: LOW) Fiscal 4Q18 Results: Mixed Results and In-Line Guidance, Yet Many Opportunities for Improvement in 2019Lowe’s reported mixed Q4 results and 2019 guidance was higher on revenues, in line on EPS. Q4 EPS was $0.80, beating consensus by a penny. Comps were +1.7% below +2.1% consensus. Revenues were slightly light. 2010 revenue guidance was +2%, ahead of +1.8% consensus, comp guidance was +3%, ahead of +2.9% consensus, EPS guidance of $6.00-$6.10 was in line. Read More
Event Presentation | February 27, 2019 Premium Retail Trends and From East to West (ICSC OAC Summit)This presentation discusses retail trends and from east to west Read More
Company Earnings Update | February 27, 2019 Register for Free Access Macy’s (NYSE: M) 4Q18 Results: Revenues Down But Comp Sales Up, Beating EstimatesMacy’s reported 4Q18 revenues of $8.46 billion, down 2.5% year over year and beating the consensus estimate of $8.44 billion. The company reported 4Q18 EPS, excluding special items, of $2.73, down 4.2% from the year ago period but beating the consensus estimate of $2.53. For the full year, the company reported $24.97 billion in revenue, up 0.1% from the year ago of $24.93 billion. Read More
Company Earnings Update | February 27, 2019 Register for Free Access Home Depot (NYSE: HD) 4Q18 Results: Misses on Revenues and Comps, Guides Below Consensus, Housing Starts and Permits DownHome Depot reported 4Q18 revenues of $26.49 billion, slightly the $26.58 billion consensus estimate. EPS was $2.09, up 37.2%. For the year, Home Depot reported FY18 revenues of $108.2 billion, up 7.2%, comps increased 5.2% globally and 5.4% in the US. EPS was $9.73, up 33.5%. 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
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 25, 2019 Register for Free Access Vipshop (NYSE: VIPS) 4Q18 Results: Active Customers Increase Thanks to WeChat Mini Programs, but Revenue Growth SlowsVipshop reported revenue of ¥26.1 billion for the fourth quarter of 2018, up 8.1% year over year. Revenue growth was driven by the increase in the number of total active customers and the apparel category. Gross profit for the quarter increased 2.8% year over year to ¥5.4 billion, while gross margin decreased 110 basis points to 20.6%. 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
Company Earnings Update | February 22, 2019 Register for Free Access Gildan (NYSE: GIL) 4Q18 Results: Activewear Drives Strong Revenue GrowthGildan 4Q18 sales rose 13.6% driven by a 22.3% increase in activewear sales. Adjusted operating margin expanded 230 bps due to a 300 bps decline in the SG&A expense ratio. The company’s 2019 outlook includes a 10% increase in adjusted EPS and mid-single-digit sales growth. Read More
