Bulletin
Investor Alert

Topics

Earnings

Video

Walmart Doubles Its E-Commerce Revenue as Sales Surge

  • Walmart Doubles Its E-Commerce Revenue as Sales Surge Walmart Doubles Its E-Commerce Revenue as Sales Surge 2:02
6:31 a.m. May 6, 2021 - By Tonya Garcia
Wendy's takes a break from the chicken sandwich war to launch a cheeseburgerWendy's Co. said Thursday that it's launching the Bourbon Bacon Cheeseburger, offering the item for free between May 6 and May 9 with a $15 purchase on Postmates. The launch is notable after months in which fast-food chains have battled over dominance in the chicken category, with competitors like McDonald's Corp. among those . Chicken has become so prominent on fast-food menus some say it has contributed to a chicken shortage. "Following the success of our Pretzel Bacon Pub Cheeseburger and Jalapeno Popper Chicken Sandwiches on the Made to Crave platform, we wanted to go back to our roots," said Carl Loredo, Wendy's chief marketing officer, in a statement. Wendy's is scheduled to report its first-quarter earnings on May 12. Wendy's stock is up 4% for the year to date while the S&P 500 index has gained 10.5% for the period.
4:56 a.m. May 6, 2021 - By Tonya Garcia
Wayfair revenue rises year-over-year but slips from Q4Wayfair Inc. reported first-quarter net income totaling $18.2 million, or 16 cents per share, after a loss of $285.9 million, or $3.04 per share, last year. Wayfair has adopted a new accounting standard, effective Jan. 1, 2021. Under the old system, the company says it would have reported a loss of 31 cents per share. Adjusted EPS was $1.00, ahead of the FactSet consensus for 26 cents. Revenue of $3.478 billion was up from $2.330 billion last year and ahead of the FactSet consensus for $3.394 billion. In the , Wayfair reported revenue of $3.67 billion. Revenue was up 49% year-over-year compared with 45% in the fourth quarter. Active customers reached 33.2 million as of March 31, up 57.3% year-over-year. Average order value was $237, up from $235 last year. And repeat customers placed 74.5% of total orders in the first quarter, compared with 69.8% last year. Wayfair stock was up 4.5% in Thursday premarket trading, and has gained 20% for the year to date. The S&P 500 index is up 11% for 2021 so far.
3:33 a.m. May 6, 2021 - By Tonya Garcia
Papa John's Epic Stuffed Crust pizza drives sales growthPapa John's International Inc. shares rose 4.2% in Thursday premarket trading after the pizza delivery company reported first-quarter earnings and revenue that beat expectations. Net income totaled $27.1 million, or 82 cents per share, up from $8.4 million, or 15 cents per share, last year. Adjusted EPS of 90 cents beat the FactSet consensus for 56 cents. Revenue of $511.7 million was up from $409.9 million last year and ahead of the FactSet consensus for $470.0 million. Comparable sales in North America grew 26.2% and were up 23.2% on an international basis. Papa John's attributed the growth to the new Epic Stuffed Crust pizza in North America and the company's expanding customer base. The FactSet consensus was for domestic comparable sales growth of 14.9% and international growth of 17.4%. Papa John's stock has gained 10.8% for the year to date while the S&P 500 index is up 11% for the period.
2:59 a.m. May 6, 2021 - By Tomi Kilgore
Tapestry swings to profit that beats expectations, as Coach and Kate Spade sales top forecastsCoach parent Tapestry Inc. reported Thursday that it swung to a fiscal third-quarter profit that beat expectations, as Coach and Kate Spade sales rose above forecasts. The luxury lifestyle brands company's stock was little changed in premarket trading. Net income for the quarter to March 27 was $91.7 million, or 32 cents a share, after a loss of $677.1 million, or $2.45 a share, in the year-ago period. Excluding nonrecurring items, adjusted per-share results swung to earnings of 51 cents from a loss of 27 cents, beating the FactSet consensus of 31 cents. Net sales increased 18.7% to $1.27 billion, above the FactSet consensus of $1.22 billion. Coach sales grew 25% to $964 million to beat expectations of $933.2 million and Kate Spade sales increased 1% to $252 million to top expectations of $251.5 million. The company expects fiscal 2021 revenue to grow at a mid-teens percentage rate, while the current FactSet sales consensus of $5.47 billion implies 10.2% growth. The stock has soared 55.8% year to date, while the S&P 500 has gained 11.0%.
9:42 p.m. May 5, 2021 - MarketWatch
Zalando returns to profit, launches €200M buybacksZalando SE said Thursday that it returned to profit in the first quarter amid "exceptional" new customer growth and high engagement of its existing customers. The Berlin-based online retailer posted net profit of 34.5 million euros ($41.4 million) compared with a loss of EUR86.4 million in the first quarter of 2020.
2:13 a.m. May 5, 2021 - By Tomi Kilgore
Lumber Liquidators stock set to selloff after profit beat expectations but sales came up shortShares of Lumber Liquidators Holdings Inc. were indicated down about 5% in premarket trading Wednesday, after the wood flooring retailer reported first-quarter profit that beat expectations but sales that came up short, as results continued to be impacted by tariffs on certain products imported from China. Net income fell to $10.6 million, or 36 cents a share, from $12.2 million, or 42 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 34 cents, above the FactSet consensus of 23 cents. Net sales rose 6.0% to $283.5 million, below the FactSet consensus of $293.1 million, as same-store sales grew 6.9% to miss expectations of a 10.4% rise. The company said same-store sales were driven by strong demand for installation and home improvement projects and shutdowns related to the COVID-19 pandemic a year ago. Cost of sales rsoe 3.4% to $167.9 million. The company did not provide financial guidance, citing uncertainties surrounding the impact of the COVID-19 pandemic as it relates to consumer spending and supply chain disruptions. The stock has dropped 19.5% year to date through Tuesday, while the S&P 500 has climbed 10.9%.
10:29 p.m. May 4, 2021 - MarketWatch
Boohoo sees further revenue growth as profit risesBoohoo Group PLC reported Wednesday a significant rise in pretax profit for fiscal 2021, and said that revenue for the current fiscal year is expected to rise around 25%, boosted by the performance of its latest acquisitions.
3:21 a.m. May 4, 2021 - By Tonya Garcia
Under Armour now guiding for full-year earnings rather than a lossUnder Armour Inc. stock rose 2.8% in Tuesday premarket trading after the athletic company reported first-quarter earnings that beat expectations and raised its guidance. Net income totaled $77.8 million, or 17 cents per share, after a loss of $589.7 million, or $1.30 per share, last year. Adjusted EPS of 16 cents beat the FactSet consensus for 4 cents. Revenue of $1.257 billion was up from $930.2 million and also ahead of the FactSet consensus for $1.131 billion. Under Armour now expects full-year 2021 revenue to be up at a high-teen percentage rate compared to previous guidance for a rise in the high-single-digit percentage rate. Full-year 2021 EPS is expected to be 2 cents to 4 cents, compared with previous guidance for a loss of 18 cents to 20 cents. And adjusted EPS is expected to be 28 cents to 30 cents versus previous guidance for 12 cents to 14 cents. The FactSet consensus is for revenue of $4.941 billion, suggesting a rise of 10.4% and EPS of 21 cents. Under Armour that it has agreed to pay $9 million to settle an SEC charge that it misled investors. Under Armour neither admitted or denied the charge. Under Armour stock has gained 40.8% for the year to date while the S&P 500 index is up 11.6% for the period.
2:43 a.m. May 4, 2021 - By Tomi Kilgore
CVS stock surges to multiyear high after profit and revenue beats, raised outlookShares of CVS Health Corp. rallied 3.6% toward a 2 1/2-year high in premarket trading Tuesday, after the drugstore chain and health care services company reported first-quarter profit and sales that rose above expectations, with growth in all segments, and raised its full-year outlook. Net income rose to $2.22 billion, or $1.68 a share, from $2.01 billion, or $1.53 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share grew to $2.04 from $1.91, beating the FactSet consensus of $1.73. Revenue increased 3.5% to $69.10 billion, above the FactSet consensus of $68.36 billion. Pharmacy services revenue rose 3.8% to $36.32 billion to beat the FactSet consensus of $35.41 billion, retail and long-term care revenue grew 2.3% to $23.27 billion to top expectations of $23.11 billion and health care benefits revenue increased 6.7% to $20.48 billion to beat expectations of $20.06 billion. For 2021, the company raised its guidance range for adjusted EPS to $7.56 to $7.68 from $7.39 to $7.55, and affirmed it cash flow outlook of $12.0 billion to $12.5 billion. The stock, on track to open at the highest price seen since November 2018, has climbed 13.8% year to date, while the S&P 500 has gained 11.6%.
10:58 p.m. May 3, 2021 - MarketWatch
HelloFresh confirms revenue, earnings jumpHelloFresh SE said Tuesday that revenue and adjusted earnings before interest, taxes, depreciation, and amortization for the first quarter soared as expected in April when it posted preliminary figures.
10:15 p.m. May 3, 2021 - MarketWatch
Pandora lifts view, launches buyback, profit beatsPandora AS on Tuesday upgraded its guidance and launched a new buyback program after posting forecast-beating first-quarter net profit. The Danish jeweler also launched a new growth strategy focused on delivering sustainable and profitable revenue growth, building on opportunities within its existing core business.
3:50 a.m. April 29, 2021 - By Tonya Garcia
Domino's revenue falls shy of Street expectationsDomino's Pizza Inc. shares fell 1% in Thursday premarket trading after first-quarter revenue fell shy of Street expectations. Net income totaled $117.8 million, or $3.00 per share, down from $121.6 million, or $3.07 per share, last year. Revenue totaled $983.7 million, up from $873.1 million last year. The FactSet consensus was for EPS of $2.94 and revenue of $985.0 million. U.S. same-store sales were up 13.4%, while international same-store sales rose 11.8%. The FactSet consensus was for U.S. same-store sales growth of 9.7%, and international growth of 6.0%. Domino's stock is up 5.3% for the year to date while the S&P 500 index has gained 11.4% for the period.
3:18 a.m. April 29, 2021 - By Tonya Garcia
McDonald's Q1 sales surpass pre-COVID 2019 levelsMcDonald's Corp. reported first-quarter net income of $1.54 billion, or $2.05 per share, up from $1.01 billion, or $1.47 per share, last year. Excluding strategic gains, adjusted EPS was $1.92, ahead of the FactSet consensus for $1.81. Revenue totaled $5.125 billion, up from $4.714 billion last year and also ahead of the FactSet consensus of $5.036 billion. Global comparable sales rose 7.5%, with U.S. comparable sales rising 13.6%. The FactSet consensus was for a global comparable sales increase of 4.9%. "Our first quarter 2021 global comparable sales and revenues surpassed first quarter 2019 levels, even as resurgences and operating restrictions persist in many parts of the world," said Chris Kempczinski, chief executive of McDonald's, in a statement, adding that the company is focused on "marketing in a culturally relevant way" and "doubling-down on digital, delivery and drive thru." McDonald's stock slipped 0.9% in Thursday premarket trading, though shares have gained 8.3% for the year to date. The Dow Jones Industrial Average is up 10.5% for 2021 so far.
2:12 a.m. April 29, 2021 - By Tomi Kilgore
Overstock stock shoots higher after swinging to a big profit beat, revenue nearly doublesShares of Overstock.com Inc. surged 8.6% in premarket trading Thursday, after the online retailer reported first-quarter profit and revenue that were well above expectations, as active users nearly doubled. The company swung to net income of $16.1 million, or 33 cents a share, from a loss of $16.3 million, or 40 cents a share, in the year-ago period. Excluding discontinued operations, earnings per share came to 56 cents. The FactSet EPS consensus was 4 cents. Revenue soared 94% to $659.9 million, above the FactSet consensus of $582.4 million. Active customers rose 92% to 9.9 million, while orders delivered 66% to 3.6 million and average order value grew 17% to $183. The stock has lost 8.8% over the past three months through Wednesday, while the Amplify Online Retail ETF has gained 3.7% and the S&P 500 has advanced 12.6%.
3:00 a.m. April 28, 2021 - By Tomi Kilgore
Chili's parent Brinker stock rises after profit and revenue miss, but outlook is above expectationsShares of Chili's restaurant parent Brinker International Inc. surged 2.2% in premarket trading Wednesday, after the restaurant operator reported fiscal third-quarter profit and revenue that missed expectations, as Winter Storm Uri weighed on results, but provided an upbeat outlook for the current quarter. Net income for the quarter to March 24 was $33.9 million, or 73 cents a share, after $30.8 million, or 81 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 78 cents, missing the FactSet consensus of 82 cents. Total revenue fell 3.7% to $828.4 million, below the FactSet consensus of $849.1 million, as same-store sales fell 3.3% to miss expectations of a 0.8% decline. Chili's same-store sales were flat, below expectations of 1.6% growth. The company estimates Winter Storm Uri reduced sales by $10.5 million and adjusted EPS by 6 cents. For the fiscal fourth quarter, the company expects adjusted EPS of $1.55 to $1.70 and revenue of $950 million to $1.0 billion, above the FactSet consensus for EPS of $1.27 and revenue of $942 million. The stock has rallied 16.0% year to date through Tuesday, while the S&P 500 has advanced 11.5%.
10:25 p.m. April 27, 2021 - MarketWatch
Beiersdorf backs guidance as sales riseBeiersdorf AG said Wednesday that sales rose in the first quarter despite the coronavirus's impact on business, and the company backed its full-year guidance. The German maker of personal-care products said sales came in at 1.95 billion euros ($2.4 billion) from EUR1.91 billion a year earlier. On an organic basis, sales grew 6.3%.
3:25 a.m. April 27, 2021 - MarketWatch
Sherwin-Williams earnings top estimatesSherwin-Williams Co. said the housing market spurred demand for its paints during the first quarter, helping it to generate financial results above Wall Street forecasts. The paints-and-coatings company Tuesday reported net income of $409.6 million, compared with $321.7 million a year earlier. Earnings tied to common shares rose to $1.51 a share from $1.15 a share, the company said.
3:57 a.m. April 26, 2021 - By Tonya Garcia
Albertsons swings to a loss, shares sinkAlbertsons Cos. Inc. swung to a fourth-quarter loss, sending shares down 4.3% in Monday premarket trading. Net loss totaled $144.2 million, or 37 cents per share, after net income of $67.8 million, or 12 cents per share, last year. Adjusted EPS of 60 cents beat the FactSet consensus for 51 cents. Sales of $15.77 billion were up from $15.44 billion last year and also ahead of the FactSet consensus for $15.66 billion. Digital sales grew 282% and identical sales were up 11.8%. The FactSet consensus was for same-store sales growth of 10.6%. For fiscal 2021, Albertsons is guiding for EPS in the range of $1.95 to $2.05 and an identical sales decline of 6% to 7.5%, which represents growth of 9.4% to 10.9% on a two-year stack. The FactSet consensus is for EPS of $1.86 and a same-store sales decline of 7.2%. Albertsons shares are up 9.1% for the year to date while the S&P 500 index is up 11.3% for the period.
2:34 a.m. April 26, 2021 - By Tomi Kilgore
Etsy stock falls after KeyBanc analyst backs away from long-time bullish stanceShares of Etsy Inc. fell 1.9% in premarket trading Monday, after KeyBanc analyst Edward Yruma backed away from his long-time bullish call on the online crafts marketplace, citing valuation and a lower near-term likelihood of positive earnings revisions. Yruma downgraded Etsy to sector weight, after being at overweight since October 2017. He said after outperforming the broader market by a wide margin since his upgrade, valuation looks "fair" and current consensus analyst expectations look "reasonable." "We believe that Etsy remains one of the best long-term growth opportunities in our coverage," Yruma wrote in a note to clients. "However, we move to Sector Weight given what we view as a fair valuation and lower likelihood of near-term earnings beats." The stock has soared 224.2% over the past 12 months through Friday, while the Nasdaq Composite has climbed 62.3% and the S&P 500 has advanced 47.4%.
3:18 a.m. April 22, 2021 - By Tonya Garcia
Tractor Supply shares jump after 'record performance' drives guidance increaseTractor Supply Co. stock rose 6.7% in Thursday premarket trading after the rural lifestyle retailer reported a first-quarter earnings beat and raised its fiscal 2021 guidance. Net income totaled $181.4 million, or $1.55 per share, more than double the $83.8 million, or 71 cents per share, the company reported last year. Sales of $2.79 billion were up from $1.96 billion last year. The FactSet consensus was for EPS of 98 cents and sales of $2.47 billion. Comparable sales were up 38.6%, also ahead of the FactSet consensus for 23.5% growth. And digital sales grew triple digits. Tractor Supply Chief Executive Hal Lawton called it a "record performance" and announced a rise in full-year guidance. Tractor Supply now expects 2021 EPS of $7.05 to $7.40, up from previous guidance for $6.50 to $6.90. And sales are now expected to be $11.4 billion to $11.7 billion, up from $10.7 billion to $11.0 billion previously. The FactSet consensus is for full-year EPS of $6.79 and sales of $10.9 billion. Tractor Supply stock has rallied 28.2% for the year to date while the S&P 500 index is up 11.1% for the period.
12:54 p.m. April 21, 2021 - By Claudia Assis
Sleep Number misses Q1 sales on supply problemShares of Sleep Number Corp. fell in the extended session Wednesday after the retailer reported first-quarter earnings above Wall Street expectation and raised its guidance, but mentioned a supply snag that hit its sales in the quarter. Sleep Number said it earned $66.6 million, or $2.51 a share, in the quarter, compared with $39.1 million, or $1.36 a share, in the year-ago quarter. Sales rose 20% to $568 million, and same-store sales rose 20%, Sleep Number said. More than $50 million worth of deliveries, or about two weeks, shifted out of the quarter due to "temporary" foam supply constraints, the company said. Analysts polled by FactSet expected EPS of $1.83 on sales of $580 million. Sleep Number raised its full-year 2021 EPS outlook to at least $6.50, compared with a prior outlook of at least $6. The stock ended the regular trading session up 4.2%.
3:54 a.m. April 21, 2021 - MarketWatch
Lithia Motors reports record profit, beats viewsLithia Motors Inc. said Wednesday it recorded the highest earnings per share and revenue in the automotive retailer's history during the latest quarter, as the Covid-19 pandemic only squeezed its performance in the final two weeks of March.
9:29 p.m. April 20, 2021 - MarketWatch
Metro updates guidance as pandemic continuesMetro AG has updated its revenue and earnings forecasts for the full fiscal year in light of prolonged restrictions on hospitality relating to the coronavirus pandemic, though preliminary figures show first-half figures in line with guidance.
3:56 a.m. April 20, 2021 - By Tonya Garcia
AutoNation adjusted earnings reach a recordAutoNation Inc. shares rose 3.3% in Tuesday premarket trading after reporting record adjusted earnings in the first quarter following a loss in the same period in 2020. Net income totaled $239.4 million, or $2.85 per share, after a loss of $232.3 million, or $2.58 per share, last year. Results include gains of 7 cents per share from the sale of AutoNation's remaining stake in Vroom. Adjusted EPS reached a record $2.79, up 207% from 91 cents last year and well ahead of the FactSet consensus for $1.88. Revenue of $5.90 billion was up from $4.67 billion last year and also ahead of the FactSet consensus for $5.04 billion. Same-store revenue rose 27%, with new vehicle same-store sales up 22% and used vehicle same-store sales up 28%. The FactSet consensus was for 10% growth overall. AutoNation has signed a deal with Peacock Automotive Group to acquire 11 stores and one collision center in Hilton Head and Columbia, SC, and Savannah, GA. AutoNation has set a goal of 1 million new and pre-owned vehicles annually. The latest acquisition will bring AutoNation's total footprint in the U.S. to 325 locations. AutoNation stock has gained 39.8% for the year to date, outpacing the S&P 500 index , which is up 10.8% for the period.
9:29 p.m. April 15, 2021 - MarketWatch
HelloFresh lifts revenue guidance, sees strong 1QHelloFresh SE has increased its 2021 revenue guidance after it said revenue and earnings in its first quarter should beat market expectations. Citing preliminary figures, the German meal-kit maker said late Thursday that revenue in the first three months of the year should come between roughly 1.44 billion and 1.45 billion euros ($1.72 billion-$1.74 billion), which compares with market expectations of EUR1.17 billion.
4:32 a.m. April 15, 2021 - By Tonya Garcia
American Eagle Outfitters shares jump as Q1 revenue approaches $1 billionAmerican Eagle Outfitters Inc. stock rose nearly 5% in Thursday premarket trading after the retailer's first-quarter business update showed revenue that is "on track" to exceed $1 billion. "Demand has accelerated across the American Eagle and Aerie brands, generating strong margins, higher full-priced selling and reduced promotions," the company said. The FactSet sales consensus is for $974 million. American Eagle is scheduled to report first-quarter earnings on May 1. BMO Capital Markets expects the momentum to continue into the second quarter. "[T]ighter industrywide inventory, coupled with stronger consumer demand, bolstered by stimulus is presenting a trifecta yielding a surge in spending power at a time when demand is already outstripping supply," analysts wrote in a note. BMO rates American Eagle market perform with a $36 price target, up from $26. American Eagle stock has rallied 64.3% for the year to date while the S&P 500 index has gained 9.8% for the period.
3:30 a.m. April 15, 2021 - By Tonya Garcia
Rite Aid reports narrower losses, sales beatRite Aid Corp. shares rose 1.3% in Thursday premarket trading after the pharmacy retailer reported a fourth-quarter sales beat. Net losses totaled $18.5 million, or 34 cents per share, after a loss of $324.7 million, or $6.08 per share, last year. Adjusted losses of 78 cents per share were ahead of the FactSet consensus for a loss of 90 cents per share. Revenue of $5.92 billion was up from $5.73 billion last year and also ahead of the FactSet consensus for $5.85 billion. The quarter was impacted by "a historically soft cough, cold and flu season, the deferral of elective procedures and related acute prescription volume and the impact of COVID-19 on selling, general and administrative expenses," Chief Executive Heyward Donigan said in a statement. For March and April to date, Rite Aid has administered two million COVID-19 vaccine shots, and Donigan said prescription trends heading back "to positive levels." For the first quarter, Rite Aid is guiding for net income between $10 million and a net loss of $10 million and retail pharmacy revenue between $6.1 billion and $6.3 billion. The company expects COVID-19 to continue to have an impact. The FactSet consensus is for pharmacy sales of $6.084 billion. Rite Aid stock is up 20.3% for the year to date while the S&P 500 index [s spx] has gained 9.8% for the period.
3:45 a.m. April 14, 2021 - By Tonya Garcia
Bed Bath & Beyond swings to profit but sales fall shortBed Bath & Beyond Inc. stock dropped 9% in Wednesday premarket trading after the home goods retailer reported fourth-quarter earnings that beat expectations, but fell short on sales. Net income totaled $9.1 million, or 8 cents per share, after a loss of $65.4 million, or 53 cents per share, last year. Adjusted EPS of 40 cents beat the FactSet consensus for 31 cents. Sales of $2.619 billion were down from $3.107 billion last year and just below the FactSet consensus for $2.627 billion. Enterprise digital comp growth was 86%, with the namesake chain up 99%. And enterprise comp sales growth was 4% with the Bed Bath & Beyond chain up 6%. Other Bed Bath & Beyond names include Buy Buy Baby and Harmon. For fiscal 2021, Bed Bath & Beyond maintained its guidance for net sales between $8.0 billion and $8.2 billion. The FactSet consensus is for $8.177 billion. For the first quarter, the company expects net sales on a reported basis to increase 40% year-over-year. The company experienced store closures in the comparable 2020 period and . Taking that into account, net sales on a reported basis are expected to rise 65% to 70%. The FactSet consensus is for sales of $1.908 billion, suggesting a 45.9% increase. The company increased its three-year share repurchase plan to $1 billion from $825 million. Bed Bath & Beyond stock has rallied 57.3% for the year to date while the benchmark S&P 500 index is up 10.3% for the period.
11:12 a.m. April 12, 2021 - By Tomi Kilgore
Alibaba's stock rallies toward biggest gain in nearly 4 years as antitrust fine removes overhangShares of Alibaba Group Holding Ltd. shot up 9.1% in afternoon trading Monday, putting them on track for the biggest one-day gain in four years, as investors expressed relief following . The China-based ecommerce giant's Chief Executive Daniel Yong Zhang said in a conference call after the fine, "we don't expect material negative impact" following changes to comply with the regulator's orders. The company said it will not appeal the decision. "Positively, Alibaba does not expect further investigations on this matter, and we believe the removal of this overhang could be a positive for the shares," Raymond James analyst Aaron Kessler wrote in a note to clients. Kessler trimmed his stock price target to $330 from $350, to reflect increased investments in grocery and local deals categories as China-based ecommerce giant looks to expand in lower-tier cities, but reiterated his strong buy rating. Truist's Youssef Squali reiterated his buy rating and $330 stock price target, saying the long-term prospects of Alibaba remain "highly attractive." The stock, which is headed for the biggest one-day gain since it rose 13.3% on June 8, 2017, has advanced 8.0% over the past three months, while the iShares MSCI China ETF has slipped 3.9% and the S&P 500 has gained 8.4%.
4:35 a.m. April 12, 2021 - By Tonya Garcia
Urban Outfitters says sales have grown for the first quarter to dateUrban Outfitters Inc. said Monday that comparable retail sales have risen in the high-single digits for the first quarter so far compared to 2020. In North America the increase was led by double-digit comparable sales gains at Free People and the namesake brand. Sales at Anthropologie have improved, though remain slightly negative. COVID-19 restrictions have kept most European stores closed for the first quarter, however U.K. locations are expected to reopen on Monday. The FactSet consensus is for first-quarter sales of $870.8 million, suggesting 48% year-over-year growth. The company also announced that Tricia Smith has joined as global chief executive of the Anthropologie brand. Smith spent 26 years with Nordstrom Inc. and was most recently CEO of clothing and accessories retailer Tilly's. Anthropologie's previous global CEO, Hillary Super, stepped down on Friday, April 9. Urban Outfitters stock slipped 1.7% in Monday premarket trading, but has rallied 53% for the year to date. The S&P 500 index is up nearly 10% for 2021 so far.
3:01 a.m. April 12, 2021 - By Tomi Kilgore
Signet Jewelers stock surges after revenue, same-store outlook raisedShares of Signet Jewelers Ltd. surged 3.1% in premarket trading Monday, after the diamond jewelry retailer raised its sales outlook, citing stronger-than-expected conversion and average ticket. The company raised its revenue guidance range for the first quarter to $1.57 billion to $1.60 billion from $1.42 billion to $1.46 billion and for the full fiscal year to $6.00 billion to $6.14 billion from $5.85 billion to $6.00 billion. The FactSet consensus for the first quarter is $1.45 billion and for the year is $6.00 billion. The company now expects first-quarter same-store sales growth of 97% to 99%, up from previous guidance of up 80% to 84%, and raised its same-store sales guidance for the year to 17% to 20% from 14% to 17%. "The Company believes this topline strength is likely due to a combination of traction from strategic initiatives as well as tailwinds from stimulus, tax refunds and consumer enthusiasm on the heels of vaccine rollouts - particularly during the Company's guest appreciation events in late March," the company said in a statement. The stock has soared 124.0% year to date through Friday, while the S&P 500 has gained 9.9%.
4:21 a.m. April 9, 2021 - By Tomi Kilgore
PriceSmart's stock set to fall after March sales updateShares of PriceSmart Inc. was indicated down more than 2% in premarket trading Friday, after the membership-based retailer reported March same-store sales fell 5.9% from a year ago. The company noted that in March 2020, same-store sales had soared 15.7% as members stocked up amid uncertainties over the COVID-19 pandemic. Net sales for March 2021 rose 0.5% to $307.6 million. The one analyst that provided a net sales forecast to FactSet is expecting fiscal third-quarter sales of $819 million. The stock has slipped 2.9% over the past three months through Thursday, while the SPDR S&P Retail ETF has soared 33.2% and the S&P 500 has gained 7.1%.
12:29 p.m. April 8, 2021 - By Claudia Assis
Levi Strauss Q1 sales, profit top views despite ongoing store closuresShares of Levi Strauss & Co. rallied more than 9% in the extended session Thursday after the retailer reported fiscal first-quarter earnings and sales that were above Wall Street expectations despite ongoing store closures due to the pandemic. The company also raised guidance for the first half of the year and said it was raising its dividend. Levi Strauss earned $143 million, or 35 cents a share, in the quarter ended February 2021. That compares with earnings of $153 million, or 37 cents a share, in the year-ago quarter. Adjusted for one-time items, Levi Strauss earned 34 cents a share. Sales fell 13% to $1.3 billion, mostly on lower foot traffic and ongoing closures for company and third-party stores, Levi Strauss said. The quarter also did not include Black Friday as the first quarter of 2020 did, the company said. Analysts polled by FactSet expected the company to report adjusted earnings of 24 cents a share on sales of $1.25 billion. Levi Strauss called for sales growth between 24% and 25% for the first half of 2021, and raised its first-half adjusted EPS estimate to a range between 41 cents and 42 cents assuming "no significant worsening of the COVID-19 pandemic or dramatic incremental closure of global economies," it said. Levi Strauss increased the dividend, payable May 25, to 6 cents a share fr0m 4 cents a share. The stock ended the regular trading day up 2.3%.
3:01 a.m. April 8, 2021 - By Tomi Kilgore
The Buckle's March sales more than triples from a year agoThe Buckle Inc. said Thursday that sales for the 5-week fiscal month ended April 3 rose 240.2% from a year ago, to $139.4 million from $41.0 million. When compared with the fiscal month of March in 2019, pre-pandemic, sales rose 69.5%. Sales for the nine-week period ended April 3 totaled $205.5 million, up 97.7% from the same period a year ago, and up 45.0% from the 2019 period. That is above the FactSet consensus for fiscal first-quarter sales of $203.3 million. The company said sales for the 2020 period were significantly impacted by the closure of all of the apparel, accessories and footwear retailer's stores, starting March 18, 2020, as a result of the COVID-19 pandemic. Buckle's stock, which was still inactive in premarket trading, has rallied 38.7% year to date while the S&P 500 has gained 8.6%.
10:05 p.m. April 6, 2021 - MarketWatch
Shop Apotheke sales rise as customers growShop Apotheke Europe NV said Wednesday that sales for the first quarter grew as the number of active customers rose steeply on-year. The online-pharmacy company posted preliminary sales of 284 million euros ($337.2 million) for the quarter, up from EUR232 million for the same period the previous year.
2:17 a.m. April 5, 2021 - By Tomi Kilgore
GameStop's stock tumbles after stock offering plans, first-quarter sales updateShares of GameStop Corp. tumbled 9.7% in premarket trading Monday, after the videogame and consumer electronics retailer announced plans to sell up to 3.5 million shares of its common stock. The company plans to use the proceeds from the "at-the-market" offering, which represents about 5% of the shares outstanding, to accelerate its transformation, for general corporate purposes and to strengthen its balance sheet. Separately, GameStop said total sales for the first nine weeks through April 4 rose 11% from the same period a year ago, including 5.3% growth in February and an 18% rise in March. GameStop said sales were negatively impacted by temporary store closures and other mandated restrictions as a result of the COVID-19 pandemic, resulting in a 13% decrease in the store base from the same period a year ago. The stock's pullback comes after , to snap a two-week decline of 31.6%. Over the past three months, the stock has rocketed 1,002.2% through last week, while the S&P 500 has gained 7.9%.
4:30 a.m. April 1, 2021 - By Tonya Garcia
Arts-and-crafts retailer Joann swings to a profitArts-and-crafts retailer Joann Inc. shares rose 5% after announcing fourth-quarter results that swung to a profit. This was the first earnings announcement for the company after going public on . Net income totaled $38.3 million, or $1.05 per share, after a loss of $358.1 million, or $10.26 per share, last year. Sales of $840.8 million were up from $695.6 million last year. Comparable sales grew 21%. FactSet does not yet have consensus numbers for the company. Joann stock closed Wednesday up 2.2% to $10.15. The was $12.
12:22 p.m. March 31, 2021 - MarketWatch
Sportsman's Warehouse earnings, sales jumpSportsman's Warehouse Holdings Inc. saw its profit rise as net sales in the fourth quarter increased by over half from the comparable year-earlier period. Profit more than tripled to $29.6 million. Earnings were 66 cents a share up from 22 cents a share. Adjusted earnings were 75 cents a share. According to FactSet, analysts were expecting 44 cents a share.
3:47 a.m. March 31, 2021 - By Tonya Garcia
Kroger plans to grow with digital, private label brands and fresh foodAhead of its investor event on Wednesday, Kroger Co. reiterated its full-year 2021 guidance for an identical sales decline of 3% to 5% and earnings per share of $2.75 to $2.95. The FactSet consensus is for an identical sales decline of 4% and EPS of $2.80. The grocery retailer outlined plans for shareholder return of 8% to 11% and net earnings growth of 3% to 5% through a number of strategies, including fresh food sales increases, accelerating digital, which the company says is now a growth engine, and wider competitive moats, such as continued innovation in its private label Our Brands. COVID-19 drove a surge in online grocery, with competitor Albertsons Cos. Inc. that it has partnered with Google on a number of digital initiatives. Kroger stock has gained 26.4% over the past year while the S&P 500 index is up 53.2% for the period.
3:26 a.m. March 31, 2021 - By Tonya Garcia
Walgreens sales miss expectations after weak cold and flu seasonWalgreens Boots Alliance Inc. reported fiscal second-quarter net income of $1.03 billion, or $1.19 per share, up from $946.0 million, or $1.07 per share last year. Adjusted EPS of $1.40 beat the FactSet consensus for $1.10 per share. Sales of $32.78 billion were up from $31.34 billion last year but below the FactSet consensus for $36.59 billion. Walgreens total excludes sales from discontinued operations of $4.8 billion. Comparable sales in the U.S. fell 3.5% due to a weak cough, cold and flu season. Comp sales for Boots UK fell 17.9% as COVID-19 restrictions reduced foot traffic on major high streets and transportation hubs. "Overall, we have achieved a good financial quarter with results well ahead of expectations, despite significant impacts from COVID-19, and we have raised our full-year EPS guidance," said Walgreens' new Chief Executive Roz Brewer in a statement. The former Starbucks Corp. executive assumed the role on . "I am optimistic about our ability to drive sustainable, long-term value for our shareholders, while acknowledging that there is still work to be done to stabilize the base business." Walgreens raised its fiscal 2021 adjusted EPS guidance to mid-to-high single digit growth in constant currency from low single-digit growth. The pharmacy retailer also expects the $6.5 billion divestiture of to be complete before the end of the fiscal year. Walgreens says it has administered eight million COVID-19 vaccinations and conducted five million COVID-19 tests. Walgreens stock rose 2.6% in Wednesday premarket trading and have gained 15.8% over the past year. The S&P 500 index is up 53.2% for the last 12 months.
Browse topics:

Filter results by

Industry

Software (640)

Financial Services (637)

Manufacturing (564)

Retail (557)

Health-care (425)

Internet (335)

Location

Us (3269)

Asia Pacific (329)

Europe (302)

China (245)

Eu (242)

Canada (64)

Link to MarketWatch's Slice.