Stein Mart (SMRT) 2Q16 Results: Misses on EPS, Lowers SG&A Guidance, New Initiatives for 3Q16
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Stein Mart reported 2Q16 EPS earnings of $0.06, and missed the consensus estimate of $0.07 by $0.01.
Weekly Retail Promo Update Aug 21, 2016
Bloomingdale’s is promoting more items this week than it did during the same week last year. Last year, the retailer …
Weekly Insights Aug 19, 2016
This week’s note “From the Desk of Deborah Weinswig” highlights the US Fung Global Retail & Technology team’s participation in …
Foot Locker (FL) 1Q16 Results: In-Line Quarter, Marking 25th Consecutive Quarter of Revenue and Profit Growth
Foot Locker reported 2Q16 revenues of $1.78 billion, up 5.0% from the year-ago quarter and above the consensus estimate of …
The Fung Global Retail & Technology team attended JCPenney’s analyst meeting today in Plano, TX.
CEO Marvin Ellison characterized the company as having turned the corner, and as now targeting growth and profitability. The company …
Ross Stores (ROST) 2Q16 RESULTS: ABOVE EXPECTED PERFORMANCE; WOMEN’S BUSINESS CHALLENGING
Ross Stores reported 2Q16 EPS of $0.71 and beat the consensus estimate of $0.67, and was up 13% from last …
Gap (GPS) 2Q16 Results: Turnaround Continues
Gap reported 2Q16 adjusted diluted EPS of $0.60, beating the consensus estimate by a penny and versus guidance of $0.58–$0.59. …
Lowe’s (LOW) 2Q 2016 RESULTS: EARNINGS MISS, FULL YEAR GUIDANCE CUT
Lowe’s reported EPS was $1.31 for 2Q 2016, up 9.2% but below the consensus of $1.42. Revenues were $18.3 billion, …
Kingfisher (LSE: KGF): Strong Top-Line Performance in 2Q17
UK-based home-improvement retailer, Kingfisher, reported total sales increased by 3.2% at constant currency in 2Q17, with group comps up 3.0% …
L Brands (LB) 2Q 2016 RESULTS: MANAGEMENT RAISES FULL-YEAR OUTLOOK AS 2Q RESULTS TOP ESTIMATES
L Brands reported 2Q 2016 adjusted EPS of $0.70, up 3% and above the guidance it provided earlier in the …
AMERICAN EAGEL OUTFITTERS (AEO) 2Q 2016 RESULTS: STRONG RESULTS FUELED AERIE COMPS, SIGNIFICANT MARGIN IMPROVEMENT
American Eagle Outfitters reported 2Q 2016 EPS of $0.23 and exceeded expectations of $0.21, driven by improved margins.
Tencent (0700.HK) 2Q 2016 RESULTS: EARNINGS BEAT, DRIVEN BY OUTPERFORMANCE IN MOBILE GAMES
Tencent reported 2Q 2016 revenues of ¥35.7 billion, up 52.3% year over year and 6% ahead of the consensus estimate. …
Unilever to Acquire Air-Purification Brand Blueair
On August 16, consumer goods giant Unilever (LSE: ULVR) announced that it had agreed to acquire Blueair, a Swedish air-purification …
Walmart (WMT) 2Q17 Results: Solid Quarter All Around
Walmart reported fiscal 2Q17 adjusted EPS of $1.07 versus the consensus estimate of $1.02.
Target (TGT) 2Q16 Results: Target Plans for a Challenging Second Half
Target reported 2Q16 adjusted EPS of $1.23 versus the consensus estimate of $1.13.
Urban Outfitters (URBN) 2Q 2016 RESULTS: SOLID PERFORMANCE, SIGNIFICANT MARGIN IMPROVEMENT
Urban Outfitters reported 2Q 2016 EPS of $0.66 versus last year’s $0.52, and beat the consensus estimate of $0.55. Reported …
The TJX Companies Inc (TJX) 2Q16 Results: Strong Traffic and Comps Continued in 2Q; 3Q Off to a Strong Start
The TJX Companies reported 2Q16 EPS of $0.84 versus the consensus estimate of $0.81.
Dick's (DKS) 2Q 2016 RESULTS: STRONG PERFORMANCE; LOWER-THAN-EXPECTED LIQUIDATION IMPACT
Dick’s Sporting Goods reported 2Q 2016 EPS of $0.82 compared to $0.77 a year ago, and exceeded its guidance of …