Bulletin
Investor Alert

Topics

Sales

Video

Economics of Warby Parker: Why It Sees Physical Retail as Key to Growth

  • Economics of Warby Parker: Why It Sees Physical Retail as Key to Growth Economics of Warby Parker: Why It Sees Physical Retail as Key to Growth 7:15
    Behind Dollar General's Strategy to Dominate Rural America Behind Dollar General's Strategy to Dominate Rural America 5:55
    A $5,000 Secondhand Outfit? Inside Luxury Consignor The RealReal A $5,000 Secondhand Outfit? Inside Luxury Consignor The RealReal 6:04
    Behind Costco's Treasure-Hunt Shopping Strategy Behind Costco's Treasure-Hunt Shopping Strategy 6:08
3:37 a.m. Oct. 21, 2021 - By Tonya Garcia
Tractor Supply reports earnings beat, raises guidanceTractor Supply Co. reported third-quarter net income of $224.4 million, or $1.95 per share, up from $190.6 million, or $1.62 per share, last year. Sales of $3.018 billion were up from $2.607 billion last year. The FactSet consensus was for EPS of $1.66 and sales of $2.861 billion. Comparable sales growth of 13.1% beat the FactSet consensus for 7% growth. "Despite unprecedented pressures across our supply chain, we are raising our outlook for fiscal 2021 and are on track for a record year of sales and earnings," said Chief Executive Hal Lawton in a statement. For 2021, Tractor Supply now expects sales of $12.6 billion, up from previous guidance for $12.1 billion to $12.3 billion. Comp store sales are expected to grow 16%, up from the previous outlook for growth of 11% to 13%. And EPS is now expected to be $8.40 to $8.50, up from $7.70 to $8.00 previously. The FactSet consensus is for sales of $12.263 billion, comp store sales growth of 13.4% and EPS of $8.01. Tractor Supply stock rose 1.4% in Thursday premarket trading, and is up 43.9% for the year to date. The S&P 500 index is up 20.*% for 2021 so far.
7:27 a.m. Oct. 20, 2021 - By Tonya Garcia
Adobe forecasts a record-setting online holiday shopping season but supply chain problems making many items scarceAdobe Inc. expects U.S. online holiday sales between Nov. 1 and Dec. 31 to reach $207 billion, a new record. That forecast represents a 10% rise versus 2020. The five-day period from Thanksgiving Day to Cyber Monday is expected to drive $36 billion in sales, about 17% of the entire season, however growth during that period is slowing. Shoppers and retailers are also feeling the impact of with out-of-stock messages soaring 172% compared with the pre-pandemic period. Adobe expects out-of-stocks to remain at that level and possibly increase for certain items. Apparel is experiencing the most out-of-stocks. The use of buy-now-pay-later (BNPL) options is also increasing, up 10% from last year and up 45% from 2019. "We are entering a second holiday season where the pandemic will dictate the terms," said Patrick Brown, vice president of growth marketing and insights at Adobe, in a statement. "Limited product availability, higher prices, and concerns about shipping delays will drive another surge towards e-commerce, as it provides more flexibility in how and when consumers choose to shop." The Amplify Online Retail ETF has slipped 1% for the year to date while the S&P 500 index is up 20.7% for the period.
2:41 a.m. Oct. 20, 2021 - By Tomi Kilgore
Lithia Motors stock set to rally after profit and revenue rise well above forecastsShares of Lithia Motors Inc. were indicated up about 1% in premarket trading Wednesday, after the auto retailer reported third-quarter profit and revenue that rose sharply and were well above expectations. Net income nearly doubled, to $307.9 mullion, or $10.11 a share, from $158.8 million, or $6.86 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose 63% to $11.21, beating the FactSet consensus of $9.30. Revenue grew 70.4% to $6.17 billion, above the FactSet consensus of $5.78 billion, while cost of sales increased 67.8% to $4.98 billion. New vehicle retail revenue rose 53.9% to $2.90 billion and used vehicle retail revenue rose 90.2% to $2.08 billion. "The pipeline is robust and we continue to identify accretive deals that strategically expand our network while meeting our disciplined return thresholds," said Chief Executive Bryan DeBoer. The company said it is pacing ahead of schedule toward its goal of $50 billion in revenue and $50 of EPS by 2025. The stock has gained 15.7% year to date while the S&P 500 has advanced 20.3%.
4:37 a.m. Oct. 19, 2021 - By Tonya Garcia
Ulta to announce new Google partnership, 50 new stores per year during virtual investor eventUlta Beauty Inc. is hosting a virtual analyst and investor event on Tuesday where it plans to announce a partnership with Google , an investment in an AI retail technology company Adeptmind, and more. The Google partnership will leverage Ulta Beauty's GlamLab Virtual try-on tool for lipstick and eyeshadow within certain brands in Google search and on the YouTube platform. Ulta will also launch a $20 million Digital Innovation Fund that will partner with early-stage investors, entrepreneurs and others. Same-day delivery is coming to some markets, and cost-saving targets of $150 million to $200 million are set. For fiscal 2022 through fiscal 2024, Ulta Beauty is forecasting a compound annual growth rate (CAGR) of 5% to 7% for sales, low-double digit CAGR for earnings per share, comparable sales growth of 3% to 5% annually and 50 new stores per year. Ulta shares fell 4.2% in Tuesday premarket trading, but the stock is up 41.5% for the year to date. The benchmark S&P 500 index [s:spx] is up 19.5% for 2021 so far.
3:48 a.m. Oct. 18, 2021 - By Tonya Garcia
Albertsons shares pop after profit and sales beat expectations, guidance raisedAlbertsons Cos. Inc. shares jumped 5% in Monday premarket trading after the grocer reported fiscal second-quarter results that beat expectations and raised its full-year guidance. Net income totaled $295.2 million, or 52 cents per share, up from $284.5 million, or 49 cents per share, last year. Adjusted EPS of 54 cents beat the FactSet consensus for 45 cents per share. Sales of $16.506 billion were up from $15.758 billion and also ahead of the FactSet consensus of $15.864 billion. Identical sales rose 1.5%, above the FactSet consensus for a 1.2% decline. Albertsons announced a to 12 cents. And the company has raised its full-year outlook. It now expects identical sales in the range of a 2.5%-to-3.5% decline, versus previous guidance for a 5%-to-6% drop. And adjusted EPS is now forecast for a range of $2.50 to $2.60 up from previous guidance for a range of $2.20 to $2.30. The FactSet consensus is for an identical sales decline of 4% and EPS of $2.28. Albertsons shares have gained 62.5% for the year to date while the benchmark S&P 500 index is up 19% for the period.
3:44 a.m. Oct. 14, 2021 - By Tonya Garcia
Domino's Pizza shares slide after revenue missDomino's Pizza Inc. stock fell 4.7% in Thursday premarket trading after the pizza delivery chain reported third-quarter revenue that missed the Street. Net income totaled $120.4 million, or $3.24 per share, up from $99.1 million, or $2.49 per share last year. Revenue totaled $997.99 million, up from $967.7 million. The FactSet consensus was for EPS of $3.11 and revenue of $1.03 billion. U.S. same-store sales fell 1.9% while international same-store sales rose 8.8%. The FactSet consensus was for a U.S. increase of 1.7% and international rise of 8%. This week, Domino's declared a quarterly dividend of 94 cents, payable to shareholders of record as of December 15 on December 30. Domino's stock has gained 24.2% for the year to date while the S&P 500 index is up 16.2% for the period.
3:21 a.m. Oct. 14, 2021 - By Tonya Garcia
Walgreens profit and sales beat expectationsWalgreens Boots Alliance Inc. shares rose 2.5% in Thursday premarket trading after the pharmacy retailer reported fiscal fourth-quarter earnings and sales that beat expectations. Net income totaled $627 million, or 72 cents per share, up from $373 million, or 43 cents per share, last year. Adjusted EPS of $1.17 beat the FactSet consensus for $1.02. Sales of $34.26 billion rose from $30.37 billion and were also ahead of the FactSet consensus for $33.03 billion. U.S. comparable pharmacy sales rose 8.1% while Boots UK comparable pharmacy sales were up 11.4%. U.S. comparable retail sales increased 8.9% while Boots UK comparable retail sales rose 15%. Walgreens provided 13.5 million COVID-19 vaccinations in the quarter, and 34.6 million for the entire fiscal year. Walgreens has a virtual investor conference taking place on Thursday. Walgreens stock has gained 18.5% for the year to date, outpacing the S&P 500 index , which is up 16.2% for the period.
7:43 a.m. Oct. 13, 2021 - By Tonya Garcia
Kroger comes to the northeast with a hi-tech customer fulfillment center offering delivery serviceKroger Co. has announced its entry into the northeast market with a customer fulfillment center powered by Ocado Group rather than a grocery store. The facility will offer next-day and same-day delivery. The two companies launched their first hi-tech facility in the U.S. . "Kroger's growing seamless ecosystem continues to scale, and we're committed to doubling both our digital sales and profitability rate by the end of 2023 and Kroger Delivery will help us reach this target," said Kroger Chief Executive Rodney McMullen in a statement. Kroger is also adding two customer fulfillment centers (CFCs) in California, and entering the South Florida market with two smaller facilities. "We have a pipeline of sites in development across the U.S., with several scheduled to open next year, and we're excited to continue delivering the Kroger experience to more doorsteps," said Gabriel Arreaga, Kroger's senior vice president and chief supply chain officer, also in a statement. Kroger stock has gained 24.7% for the year to date while the S&P 500 index is up 15.5% for the period.
11:39 p.m. Oct. 10, 2021 - By Steve Goldstein
Asos shares tumble after profit warning and CEO departureFashion retailer Asos plunged 15% in early London trading after a profit warning and announcing the surprise departure of its chief executive. Citing supply-chain issues and higher costs, Asos said fiscal year adjusted pretax profit would fall to a range of £110 million to £140 million, from £193.6 million in the August-ending fiscal year, with first half sales in the single-digit growth range. Chief Executive Officer Nick Beighton has agreed to step down, and that Ian Dyson will become its next chairman.
2:04 p.m. Oct. 6, 2021 - By Claudia Assis
Children's clothing subscription company Kidpik files for IPOKidpik Corp. has filed for an initial public offering. The company, which offers a clothing styling and subscription service for children, is seeking to sell $17.9 million worth of shares, including warrants, according to a filing late Wednesday. Kidpik, headquartered in New York City, plans to list the shares on the Nasdaq under the symbol PIK. Kidpik's Chief Executive Ezra Dabah led The Children's Place more than a decade ago. "We believe we have a competitive advantage over our subscription-based e-commerce clothing competitors" thanks to the executive team's "extensive knowledge and experience of the childrenswear and footwear industries," the company said in its prospectus. The company listed sales of nearly $17 million for 2020, compared with sales of $13.5 million for sales in 2019. Losses for 2020 fell to $4.2 million, compared with losses of $4.6 million in the year-ago period. In the six months of this year, Kidpik lost $2.9 million on sales of $11 million.
2:10 a.m. Oct. 6, 2021 - By Ciara Linnane
Home Depot teams up with Walmart GoLocal service for same-day and next-day deliveryThe Home Depot said Wednesday it is teaming up with Walmart GoLocal service to expand same-day and next-day delivery for its customers for a variety of products. The home improvement retailer will start to offer the service in select markets in the coming weeks and then expand to multiple markets across the U.S. by the end of the year. "Products that qualify for this scheduled delivery, including tools, fasteners, paint and other supplies that easily fit in a car, will have that option enabled at online checkout," the company said in a statement. The company is aiming to provide customers with same- or next-day delivery options no matter what the product, from a box of nails to appliances. Home Depot's online sales rose 86% in fiscal 2020 and more than half those orders were fulfilled through its network of 2,300 stores. Home Depot shares were down 0.9% premarket but have gained 24% in the year to date, while the Dow Jones Industrial Average has gained 12%.
1:48 p.m. Oct. 4, 2021 - By Claudia Assis
Solo Stove parent files for IPOSolo Brands, a Texas-based maker of Solo fire pits and stoves for homes and camping sites as well as the Oru folding kayak, among other products, has filed for an initial public offering. The company seeks to sell $100 million worth of shares, according to a filing late Monday, although that figure is often a placeholder used to calculate filing fees. Underwriters include B. of A. Securities and J. P. Morgan. The company plans to list its shares on the New York Stock Exchange under the symbol DTC. The company last month acquired a men's outdoor apparel brand, and earlier this year the kayak brand and a paddleboard brand. The listing would come on the heels of several IPOs of home-goods and related companies as people spent more time at home during the pandemic, including the IPOs of grill makers Traeger Inc. and Weber Inc. . Solo Brands listed sales of $133 million for its Solo Stove brand in 2020. "Our customers trust our brands' commitment to improve the way they live," the company said in the prospectus, adding that its brands together generated nearly 42 million unique site visits at their respective websites last year.
4:01 a.m. Oct. 1, 2021 - By Tonya Garcia
Dollar Tree will sell higher priced items but costs are a concernDollar Tree Inc. was downgraded to sector weight from overweight at KeyBanc Capital Markets as analysts express concern over higher supply chain and labor costs. Retailers across the board have been impacted by bottlenecks at the ports, factory shutdowns overseas and other challenges across the supply chain. Dollar Tree said during its most recent earnings that one of its ships was delayed for after a crew member tested positive for COVID. KeyBanc also says Dollar Tree will soon face the risk from comparisons with results boosted by stimulus checks. "We applaud the ongoing evolution of Dollar Tree's multi-price strategy, and see it as a powerful tool to improve sales and margins over the next 5-10 years," wrote analysts led by Bradley Thomas. "However, we believe the announcement comes as a surprise following years of commitment to the $1 price point and seems more of a reaction to rising inflationary pressures." Dollar Tree stock soared then closed down 4.8% on Thursday. Shares are down 11.4% for the year to date while the S&P 500 index is up 14.7% for the period.
4:17 a.m. Sept. 30, 2021 - By Tonya Garcia
Bed Bath & Beyond stock sinks 17% after profit and sales miss, weak guidance Bed Bath & Beyond Inc. shares sank 17.1% in Thursday premarket trading after the retailer reported fiscal second-quarter profit and sales that missed expectations and gave guidance below Street consensus. Net loss totaled $73.2 million, or 72 cents per share, after net income of $217.9 million, or $1.75 per share, last year. Adjusted EPS of 4 cents was well below the FactSet consensus for 52 cents. Sales of $1.985 billion was down from $2.688 billion in 2020 and below the Factset consensus for $2.059 billion. Comparable sales fell 1%, which the company attributed to a decline in August traffic. The FactSet consensus was for a 1.5% increase. "As COVID-19 fears re-emerged amid the on-going Delta variant, we experienced a challenging environment," said Chief Executive Mark Tritton in a statement, explaining the sales and gross margin pressure the company experienced. "This was particularly evident in large, key states such as Florida, Texas and California, which represent a substantial portion of our sales. Furthermore, unprecedented supply chain challenges have been impacting the industry pervasively, and we saw steeper cost inflation escalating by month, especially later in the quarter, beyond the significant increases that we had already anticipated." Bed Bath & Beyond is guiding for third quarter sales between $1.96 billion to $2.0 billion, flat comparable sales, and adjusted EPS in the range of $0.00 to $0.05. The FactSet consensus is for sales of $2.021 billion, comparable sales growth of 2% and EPS of 29 cents. Bed Bath & Beyond is forecasting full year sales of $8.1 billion to $8.3 billion, flat-to-slightly up comparable sales, and adjusted EPS in the range of $0.70 to $1.10. The FactSet consensus is for sales of $8.312 billion, comparable sales growth of 13.9% and EPS of $1.51. Bed Bath & Beyond shares have gained 25% for the year to date while the S&P 500 index is up 16.1% for the period.
4:36 a.m. Sept. 14, 2021 - By Tonya Garcia
Holiday retail sales forecast to reach $1.28 trillion to $1.30 trillion: DeloitteDeloitte is forecasting a 7% to 9% increase in holiday retail sales this year, reaching a total of $1.28 trillion to $1.30 trillion during the November to January period. E-commerce is expected to grow 11% to 15% to between $210 billion and $218 billion. "As vaccination rates rise and consumers are more comfortable being outside of the home, we are likely to see increased spending on services, including restaurants and travel, while spending on goods will continue to hold steady," said Daniel Bachman, Deloitte's U.S. economic forecaster, in a statement. "A steady decline in the savings rate to pre-pandemic levels will support consumer spending and keep retail sales elevated this season." Mastercard SpendingPulse a 7.4% U.S. retail sales rise for the holiday season. The SPDR S&P Retail ETF has run up 43.8% for the year to date while the benchmark S&P 500 index is up 19% for the period.
3:18 a.m. Sept. 14, 2021 - By Tonya Garcia
Kroger partners with Instacart for nationwide "Kroger Delivery Now" serviceKroger Co. announced Tuesday that it has partnered with Instacart to launch "Kroger Delivery Now," offering groceries and other essentials delivered in 30 minutes. The service offers more than 25,000 items and reaches as many as 50 million homes. "Last year, Kroger achieved more than $10 billion in e-commerce sales, and we're committed to doubling both our digital sales and profitability rate by the end of 2023 and expect Kroger Delivery Now will help us reach that target," said Kroger Chief Executive Rodney McMullen in a statement. Kroger's portfolio of grocery store chains includes the namesake, Ralphs, Fred Meyer and King Soopers. Kroger and Instacart first partnered in 2017. Kroger reported that beat expectations on Friday. Kroger shares have run up 35% for the year to date while the S&P 500 index has gained 19% for the period.
6:20 a.m. Sept. 13, 2021 - By Tonya Garcia
Mastercard SpendingPulse forecasts 7.4% U.S. holiday retail sales growth this yearMastercard SpendingPulse released its holiday forecast on Monday, with U.S. retail sales expected to rise 7.4% for the season, excluding autos and gas. Shoppers are expected to return to stores with in-store sales forecast to jump 8.9% versus 2020, or up 6.6% excluding autos and gas. And e-commerce is expected to increase 7.6%. "This holiday season will be defined by early shopping, bigger price tags and digital experiences. Over the past two years, retailers have learned a lot about what shoppers want and need, bringing us into an exciting new age of retail resilience," said Steve Sadove, senior advisor for Mastercard Inc. With supply chain challenges and labor shortages impacting retail, Mastercard SpendingPulse expects promotions to launch early. And with high savings and federal stimulus boosting bank accounts, the group expects splurges on things like luxury items to continue through the holidays. and the are among those that have already announced seasonal hiring plans. The SPDR S&P Retail ETF has gained 44.4% for the year to date while the benchmark S&P 500 index is up 18.7% for the period.
4:21 a.m. Sept. 10, 2021 - By Tonya Garcia
Kroger raises full-year adjusted earnings guidanceKroger Co. reported second-quarter net income totaling $467 million, or 61 cents per share, down from $819 million, or $1.03 per share last year. Adjusted EPS of 80 cents beat the FactSet consensus for 64 cents. Sales of $31.68 billion were up from $30.49 billion last year and also ahead of the FactSet consensus for $30.64 billion. Digital sales more than doubled, up 114%. Identical sales excluding fuel fell 0.6%, ahead of the FactSet consensus for a 3.2% decline. On a two-year stack, identical sales were up 14%. Kroger raised its full-year adjusted EPS guidance to $3.25 to $3.35, up from of $2.95 to $3.10. The FactSet consensus is for EPS of $3.09. Kroger shares fell 1.4% in Friday premarket trading, but have gained 45.3% for the year to date. The S&P 500 index has run up 19.6% for 2021 so far.
4:24 a.m. Sept. 9, 2021 - By Tonya Garcia
Academy Sports earnings beat expectations, guidance raisedAcademy Sports & Outdoors Inc. stock rose 1.4% after the retailer reported second-quarter earnings that Chief Executive Ken Hicks called the "best" in the company's history and raised its full-year guidance. Net income totaled $190.5 million, or $1.99, compared with $167.7 million, or $2.25 per share, last year. Adjusted EPS of $2.34 beat the FactSet consensus for $1.42. Sales totaled $1.792 billion, up from $1.606 billion last year and also ahead of the FactSet consensus for $1.658 billion. Comparable sales grew 11.4%, well ahead of the FactSet consensus for 6.2% growth. Academy Sports has approved a new three-year, $500 million share repurchase program. And the company . Academy expects sales of $6.465 billion to $6.620 billion. Comparable sales are forecast to grow 14% to 17%, up from previous guidance for 6%-to-9% growth. And the company is guiding for EPS of $5.45 to $5.80, up from $4.15 to $4.50. The FactSet consensus is for sales of $6.153 billion, comparable sales growth of 10.1% and EPS of $4.67. Academy Sports stock has more than doubled, up 109.4% for the year to date, while the S&P 500 index has run up 20.2% for the period.
3:26 a.m. Sept. 9, 2021 - By Tonya Garcia
Lovesac earnings beat expectations with help from a Costco pop-up shopLovesac Co. shares soared 11.6% in Thursday premarket trading after the furniture company reported fiscal second-quarter earnings that far exceeded expectations. Net income totaled $8.4 million, or 52 cents per share, after a loss of $1.1 million, or 8 cents per share, last year. Sales of $102.4 million were up from $61.9 million last year. The FactSet consensus was for EPS of a penny and sales of $113.0 million. Sales got a boost from the reopening of pop-up shops and shop-in-shop locations after closures last year due to COVID-19, and the addition of an online pop-up shop on the Costco Wholesale Corp. website. Stamford, Conn.-based Lovesac is known for its foam beanbag chairs called Sacs and modular couches called Sactionals. Shawn Nelson, the company's chief executive, said in a statement that the third quarter is "off to a strong start" and expressed confidence that its supply chain could manage the current "tight" environment. Lovesac shares have run up 17.1% for the year to date while the S&P 500 index has gained 20.2% for the period.
3:05 a.m. Sept. 2, 2021 - By Tomi Kilgore
Signet Jewelers stock surges toward 4 1/2-year high after swinging to profit that more than doubled forecastsShares of Signet Jewelers Ltd. shot up 4.2% in premarket trading toward the highest price seen during regular-sessions hours since January 2017, after the diamond jewelry retailer swung to a fiscal second-quarter profit that was more than double what was expected, as revenue also beat forecasts, and raised its full-year outlook. Net income for the quarter to July 31 was $216.0 million, or $3.60 a share, after a loss of $90.0 million, or $1.73 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $3.57, beating the FactSet consensus of $1.70. Sales grew 101.4% to $1.79 billion, above the FactSet consensus of $1.65 billion, as same-store sales jumped 97.4% to beat expectations of a 79.2% rise. For fiscal 2022, the company raised its EPS guidance range to $6.80 to $6.95 from $6.50 to $6.65 and its same-store sales growth outlook to 30% to 33% from 24% to 27%. Signet also expanded its share repurchase program to $225 million. The stock has soared 29.9% over the past three months through Wednesday, while the S&P 500 has gained 7.5%.
4:27 a.m. Sept. 1, 2021 - By Tonya Garcia
Vera Bradley shares sink 15% after profit and sales missVera Bradley Inc. shares plunged 15.4% in Wednesday premarket trading after the accessories company reported fiscal second-quarter profit and sales that missed expectations. Net income totaled $9.05 million, or 26 cents per share, compared with $7.2 million or 42 cents per share, last year. Adjusted EPS of 28 cents missed the FactSet consensus for 33 cents. Sales totaled $147.0 million, up from $131.8 million and below the FactSet consensus of $153.6 million. "[W]e experienced two major factors that impacted our second quarter results. First, the Apple iOS 14.5 update negatively affected Pura Vida revenues, primarily due to the impact it had on the effectiveness of Facebook and Instagram advertising," said Chief Executive Rob Wallstrom in a statement. Pura Vida is the company's jewelry brand. E-commerce fashion site Revolve Inc. has also discussed the impact of the . "Second, like much of the industry, at Vera Bradley, we continued to experience supply chain challenges and significantly increased freight and tariff expenses that put meaningful pressure on gross margin in the quarter." The company expects margin pressure to persist for the medium term. For fiscal 2022, Vera Bradley is guiding for revenue of $550 million to $565 million and EPS of 80 cents to 95 cents. The FactSet consensus is for revenue of $570.4 million and EPS of 95 cents. Vera Bradley shares have run up 44% for the year to date while the S&P 500 index is up 20.4% for the period.
3:30 a.m. Aug. 31, 2021 - By Tonya Garcia
Chico's returns to a profit, sending shares soaringChico's FAS Inc. shares jumped 4.5% in Tuesday premarket trading after the women's apparel company reported a surprise second-quarter profit and sales that beat expectations. Net income totaled $26.2 million, or 21 cents per share, after a loss of $46.8 million, or 40 cents per share, last year. The company also reported a loss of 2 cents per share for the same period in 2019. Sales totaled $472.1 million, up from $306.2 million last year. The FactSet consensus was for a loss of 7 cents per share and sales of $407.4 million. Comparable sales versus 2019 fell 1.6% with the Soma intimates brand up 38.1%, the eponymous brand down 14.3% and White House Black Market down 5.3%. "Our second quarter earnings performance was the best second quarter Chico's FAS has posted since 2013," said Molly Langenstein, Chico's chief executive in a statement. Chico's is guiding for a third-quarter sales increase between 18% and 22%. The FactSet consensus is for sales of $448.5 million, implying growth of 27.6%. For the year, Chico's outlook is for sales growth of 32% to 35%. The FactSet consensus is for sales of $1.748 billion, suggesting 32% growth. Chico's stock has more than tripled, up 267.3%, for the year to date, while the S&P 500 index has gained 20.6% for the period.
2:58 a.m. Aug. 31, 2021 - By Ciara Linnane
DSW parent Designer Brands shares jump 6.9% premarket after earnings blow past estimatesDSW parent Designer Brands Inc. shares jumped 6.9% in premarket trade Tuesday, after the retailer blew past earnings estimates for its fiscal second quarter. The company, which designs and makes shoes and footwear under the Camuto group, posted net income of $42.860 million, or 55 cents a share, for the quarter to July 31, after a loss of $92.214 million, or $1.36 a share, in the year-earlier period. Adjusted per-share earnings came to 56 cents, or more than double the 24 cents FactSet consensus. Sales rose to $817.3 million from $489.7 million, also ahead of the $748.0 million FactSet consensus. The company said earnings were driven by increased store traffic as they reopened after the pandemic and by a strategy of gaining market share in athleisure and children. "Given the positive momentum and strength of our strategy, we expect to achieve an adjusted operating income in the second half of fiscal 2021 that will be in-line or slightly better than fiscal 2019 levels," Chief Executive Roger Rawlins said in a statement. Shares have gained 107% in the year to date, while the S&P 500 haa gained 20.6%.
2:48 a.m. Aug. 27, 2021 - By Tomi Kilgore
Hibbett's stock shoots up into record territory after profit doubled what was expected and outlook was raisedShares of Hibbett Inc. shot up 5.1% into record territory in premarket trading Friday, after the athletic apparel retailer reported fiscal second-quarter profit that was double what was expected has sales rose well above forecast, and raised its full-year outlook. Net income for the quarter to July 31 rose to $46.7 million, or $2.86 a share, from $40.4 million, or $2.38 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.43. Net sales fell 5.3% to $419.3 million, but was well above the FactSet consensus of $314.1 million. Same-store sales declined 6.4%, while the average estimate of two analysts surveyed by FactSet was a decline of 27.5%, with a range of down 25% to down 30%. Gross margin improved 200 basis points to 39.0%, boosted by higher sales of premium-priced products, lower promotions and improved profitability of e-commerce sales. For fiscal 2022, the company raised its EPS guidance range to $11.00 to $11.50 from $8.50 to $9.00, while same-store sales guidance of positive mid-teens growth compares with previous guidance of positive high-single digits to positive low-double digits. The stock, which has soared 20.5% amid a five-day win streak to Thursday's record close of $98.97, has rocketed 114.3% year to date, while the S&P 500 has gained 19.0%.
2:13 a.m. Aug. 27, 2021 - By Tomi Kilgore
Big Lots stock sinks toward 7-month low after profit and sales miss, surprise loss outlook for current quarterShares of Big Lots Inc. sank 6.0% toward a 7-month low in premarket trading Friday, after the discount retailer reported fiscal second-quarter profit and sales that missed expectations, and provided a surprise loss outlook for the current quarter, as supply chain and freight headwinds are expected to continue to weigh on gross margins. Net income for the quarter to July 31 was $37.7 million, or $1.09 a share, after income of $452.0 million, or $11.29 a share, in the year-ago period, which included a $341.9 million after-tax benefit. The FactSet consensus for earnings per share was $1.12. Net sales fell 11.4% to $1.46 billion, just shy off of the FactSet consensus of $1.48 billion, while the same-store sales decline of 13.2% missed expectations of an 11.4% decrease. "Our results for the quarter were tempered by continued supply chain and freight headwinds, as well as other inflationary pressures," said Chief Executive Bruce Thorn. Looking ahead, the company expects a third-quarter per-share loss of 10 cents to 20 cents, compared with the FactSet consensus for EPS of 5 cents, and expects full-year EPS of $5.90 to $6.05, which is below expectations of $6.66. The stock, which is on track to open at the lowest price seen since Jan. 26, has dropped 15.9% over the past three months through Thursday, while the SPDR S&P Retail ETF has edged up 0.9% and the S&P 500 has gained 6.4%.
4:02 a.m. Aug. 26, 2021 - By Tonya Garcia
Dollar Tree sales, earnings guidance fall short of expectationsDollar Tree Inc. stock fell 5% in Thursday premarket trading after the discount retailer reported second quarter sales that fell short of expectations. Net income totaled $282.4 million, or $1.23 per share, up from $261.5 million, or $1.10 per share, last year. Sales of $6.34 billion were up from $6.28 billion in 2020. The FactSet consensus was for EPS of $1.01 and sales of $6.44 billion. Dollar Tree Plus, the multi-price merchandise that exceeds the usual $1 price point will expand to the 500-store target for fiscal 2021 and is expected to add 1,500 stores in fiscal 2022 with the goal of at least 5,000 by 2024. The company will also grow its combo stores that house both Family Dollar and Dollar Tree under one roof in 2022. For the third quarter, the company expects net sales in the range from $6.40 billion to $6.52 billion based on low-single-digit same-store sales growth. EPS is expected to be in the range of 88 cents and 98 cents. The FactSet consensus is for sales of $6.43 billion and EPS of $1.26. For the full year, net sales are expected to be in the range from $26.19 billion to $26.44 billion based on a low single-digit same-store sales increase, and the EPS outlook is for a range of $5.40 to $5.60. The FactSet consensus is for sales of $26.39 billion and EPS of $5.98. Dollar Tree stock has slipped 1.6% for the year to date while the S&P 500 index has gained 19.7% for the period.
3:46 a.m. Aug. 26, 2021 - By Tonya Garcia
Abercrombie & Fitch reports a sales missAbercrombie & Fitch Co. stock fell 3.9% in Thursday premarket trading after the apparel retailer reported second-quarter sales that missed expectations. Net income totaled $108.5 million, or $1.69 per share, up from $5.5 million, or 9 cents per share, last year. Adjusted EPS of $1.70 blew past the FactSet consensus for 77 cents. Sales totaled $864.9 million up from $698.3 million but below the FactSet consensus for $879.2 million. Digital net sales totaled $376 million, down 3% from last year and representing 44% of total quarterly sales. Abercrombie & Fitch stock has soared 95.5% for the year to date while the S&P 500 index has gained 19.7% for the period.
3:37 a.m. Aug. 26, 2021 - By Tonya Garcia
Burlington stock slumps after wide comparable sales missBurlington Stores Inc. stock sank 6.2% in Thursday premarket trading after the off-price retailer reported second-quarter comparable sales that missed the Street by a wide margin. Net income totaled $102.6 million, or $1.50 per share, after a loss of $46.8 million, or 71 cents per share. Adjusted EPS of $1.94 beat the FactSet consensus for $1.50. Revenue of $2.22 billion was up from $1.01 billion last year and beat the FactSet consensus for $2.07 billion. Comparable sales increased 19%, well below the FactSet consensus for 49.7% growth. "[W]e are seeing a huge imbalance between supply and demand in global logistics systems. This is driving up freight and supply chain expenses and it will put significant pressure on our margins for the balance of the year," warned Chief Executive Michael O'Sullivan in a statement. The company did not provide a sales or earnings outlook due to uncertainty from the coronavirus. Burlington stock has gained nearly 34% for the year to date while the S&P 500 index is up 19.7% for the period.
3:22 a.m. Aug. 26, 2021 - By Tonya Garcia
Dollar General's profit and sales fallDollar General Corp. stock slid 2.9% in Thursday premarket trading after the discount retailer reported second-quarter that beat the Street but fell versus 2020. Net income totaled $637.0 million, or $2.69 per share, down from $787.6 million, or $3.12 per share last year. Sales of $8.65 billion were down from $8.68 billion in 2020. The FactSet consensus was for EPS of $2.62 and sales of $8.61 billion. Same-store sales fell 4.7% ahead of the FactSet consensus for a 5% decline. For the year, Dollar General expects net sales growth of 0.5% to 1.5%, up from previous guidance for a range of a 1% decline to 1% growth. Same-store sales are expected to fall 3.5% to 2.5% compared with previous guidance for a decline of 3% to 5%. And Dollar General's EPS outlook is for a range of $9.60 to $10.20 narrowed from a range of $9.50 to $10.20. The FactSet consensus is for sales of $34.10 billion, suggesting growth of 1%, a same-store sales decline of 3.2% and EPS of $10.19. Dollar General stock has gained 11.6% for the year to date while the S&P 500 index is up 19.7% for the period.
3:55 a.m. Aug. 25, 2021 - By Tonya Garcia
Dick's Sporting Goods shares soar after record profit and sales, special dividendDick's Sporting Goods Inc. shares soared 11% in Wednesday premarket trading after the athletic-gear retailer reported record second-quarter profit and sales. Net income totaled $495.5 million, or $4.53 per share, up from $276.8 million, or $3.12 per share. Adjusted earnings per share of $5.08 blew past a FactSet consensus of $2.88. Sales of $3.27 billion were up from $2.71 billion and also ahead of the FactSet consensus for $2.84 billion. Comparable sales rose 19.2%, ahead of the FactSet consensus of a 5.4% increase. Dick's announced a special dividend of $5.50 per share payable Sept. 24 to stockholders of record at the close of business on Sept. 10. The company also increased its quarterly dividend by 21% to $0.4375 per share, also payable on Sept. 24 to stockholders of record on Sept. 10. Dick's now expects to repurchase a minimum of $400 million in shares during 2021, up from previous guidance of $200 million. For 2021, Dick's is guiding for sales of $11.52 billion to $11.72 billion, comparable-sales growth of 18% to 20%, EPS of $11 to $11.45 and adjusted EPS of $12.45 to $12.95. The FactSet consensus calls for sales of $10.95 billion, comparable-sales growth of 13.3% and EPS of $8.94. Dick's stock has more than doubled -- it's up 103.5% -- in 2021, while the S&P 500 index has gained 19.4% for the period.
3:26 a.m. Aug. 25, 2021 - By Tonya Garcia
Express reports a surprise profitExpress Inc. shares jumped 4.7% in Wednesday premarket trading after the apparel retailer reported a surprise profit. Net income totaled $10.6 million, or 15 cents per share, after a loss of $107.8 million, or $1.67 per share, last year. Adjusted EPS of 2 cents exceeded the FactSet consensus for a loss of 30 cents. Sales of $457.6 million were up from $245.7 million and also ahead of the FactSet consensus for $411.0 million. E-commerce rose 28%, with the company on track to reach $1.0 billion in e-commerce demand by 2024, according to a statement from Tim Baxter, chief executive of the company. Comparable sales jumped 42% compared with a FactSet consensus for an 81.9% increase. "We experienced an inflection point after the Fourth of July and have been driving a double digit comp versus 2019 since that time," said Baxter in a statement. Express stock has skyrocketed nearly 700% for the year to date while the S&P 500 index is up 19.4% for the period.
3:08 a.m. Aug. 25, 2021 - By Tonya Garcia
Shoe Carnival reports record profit and salesShoe Carnival Inc. shares rose 1.2% in Wednesday premarket trading after the retailer reported second-quarter earnings and sales that beat consensus and gave an upbeat outlook. Record net income totaled $44.2 million, or $1.54 per share, up from $10.0 million, or 35 cents per share, last year. Sales were $332.2 million, also a record, up from $300.8 million last year. The FactSet consensus was for EPS of 81 cents and sales of $303.0 million. "This momentum has continued through the first three weeks of August, with comparable store sales increasing 23 percent and product margins increasing nearly 11 percentage points when compared to August 2019," said Chief Executive Mark Worden in a statement. Worden is succeeding Cliff Sifford, who will continue as vice chairman. "Given our strong performance in the first half of the year, we are raising our full year guidance, as well as offering our view of the fiscal third quarter," Worden said. Shoe Carnival is guiding for third-quarter EPS in the range of $1.10 to $1.15 and sales in the range of in the range of $307 million to $315 million. The FactSet consensus is for EPS of 64 cents and sales of $296.4 million. For the full year, expects EPS in the range of $4.35 to $4.50 and sales in the range of $1.21 billion to $1.23 billion. The FactSet consensus is for EPS of $3.24 and sales of $1.18 billion. Shoe Carnival stock has more than doubled for the year to date, up nearly 106%, while the S&P 500 index has gained 19.4% for the period.
5:51 a.m. Aug. 24, 2021 - By Tonya Garcia
ODP Corp. and Office Depot name post-spinoff CEOs ODP Corp. has named the chief executives who will run ODP and Office Depot when the two companies complete their tax-free spinoff. Gerry Smith will continue to lead ODP and its operating companies, including the contract sales channel, which will be renamed ODP Business Solutions, and a new B2B digital platform technology business called Varis. Kevin Moffitt, currently chief retail officer, will serve as CEO of Office Depot, which has 1,100 Office Depot and OfficeMax store locations. The separated companies will run independently but are expected to share commercial agreements that will allow them to leverage opportunities in areas like supply chain. ODP shares have surged nearly 54% for the year to date while the benchmark S&P 500 index has gained 19.4% for the period.
3:25 a.m. Aug. 24, 2021 - By Tonya Garcia
Best Buy raises same-store sales guidance for the yearBest Buy Co. Inc. shares rose 4.1% in Tuesday premarket trading after the consumer electronics retailer reported second-quarter earnings that beat expectations and raised its same-store sales guidance for the year. Net income totaled $734 million, or $2.90 per share, up from $432 million, or $1.65 per share, last year. Adjusted EPS of $2.98 was well ahead of the FactSet consensus for $1.89. Revenue of $11.85 billion was up from $9.91 billion last year and also ahead of the FactSet consensus for $11.55 billion. Same-store sales grew 20%, beating the FactSet consensus for 17.2% growth. For the third quarter, Best Buy forecasts revenue of $11.4 billion to $11.6 billion and same-store sales decline of 1% to 3%. The FactSet consensus is for revenue of $10.47 billion and a same-store sales decline of 9.1%. For the year, Best Buy is guiding for revenue of $51 billion to $52 billion and raised its same-store sales guidance to growth of 9% to 11%, up from previous guidance for 3% to 6% growth. The FactSet consensus is for revenue of $49.39 billion and a same-store sales increase of 7.4%. Best Buy shares have gained 12.4% for the year to date while the S&P 500 index is up 19.3% for the period.
2:41 a.m. Aug. 24, 2021 - By Tomi Kilgore
Advance Auto Parts beats profit expectations, while net sales match and same-store sales comes up a bit shyAdvance Auto Parts Inc. reported Tuesday reported fiscal second-quarter profit that topped expectations, but net sales that matched and same-store sales that came up shy, although the full-year outlook was raised. The auto parts seller's stock was still inactive in premarket trading. Net income for the quarter to July 17 was $178.7 million, or $2.74 a share, after $190.0 million, or $2.74 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to $3.40, above the FactSet consensus of $3.04. Sales grew 5.9% to $2.65 billion, in line with the FactSet consensus, while same-store sales growth of 5.8% was just below expectations of a 5.9% rise. "Our top-line improvement was led by the professional business with a recovery in miles driven fueling demand as we lapped double-digit DIY omnichannel growth in the prior year," said Chief Executive Tom Greco. For the full year, the company raised its guidance ranges for sales to $10.60 billion to $10.80 billion from $10.40 billion to $10.60 billion, for same-store sales to up 6.0% to up 8.0% from up 4.0% to up 6.0% and for free cash flow to minimum $700 million from minimum $575 million. The stock has run up 31.9% year to date through Monday, while the SPDR Consumer Discretionary Select Sector ETF has gained 11.9% and the S&P 500 has advanced 19.3%.
7:44 a.m. Aug. 20, 2021 - By Tonya Garcia
Ross Stores gave second-half guidance that was too conservative, says Wells Fargo , like its off-price competitor , reported second-quarter earnings and sales that beat consensus. But Ross Stores offered guidance below expectations, driving shares down 3.7% in Friday trading. Wells Fargo says the outlook doesn't match the better-than-expected results the company announced late Thursday. "We get it, 2H has headwinds-but we view this 2H outlook as a tad overly conservative following such a strong 2Q-not an atypical approach for this management team," wrote analysts led by Ike Boruchow. Wells Fargo rates Ross Stores stock overweight with a $135 price target. Ross is guiding for third-quarter same-store sales growth of 5% to 7% and earnings per share in the range of $0.61 to $0.69. The FactSet consensus is for same-store sales growth of 9.9% and EPS of 81 cents. And for the fiscal year, Ross' outlook is for EPS in the range of $4.20 to $4.38 and same-store sales growth of 10% to 11%. The FactSet consensus is for EPS of $4.48 and a same-store sales increase of 17.9%. Credit Suisse says the company has an "unwavering dedication to its conservative/value-leader narrative" and "struck a conservative tone" during its earnings report. Ross stock has slipped 0.7% for the year to date while the S&P 500 index has added 18% for the period.
3:01 a.m. Aug. 20, 2021 - By Tonya Garcia
Foot Locker shares jump after profit blows past expectationsFoot Locker Inc. shares jumped 8% in Friday premarket trading after the athletic retailer reported second-quarter earnings that far exceeded expectations. Net income totaled $430 million, or $4.09 per share, up from $45 million, or 43 cents per share, last year. Adjusted EPS of $2.21 was more than double the FactSet consensus for $1.01. Sales of $2.275 billion were up from $2.077 billion and also ahead of the FactSet consensus for $2.098 billion. Comparable sales rose 6.9% versus the FactSet consensus for a 0.2% decline. Foot Locker stock has risen 34.5% for 2021 so far while the S&P 500 index is up 17.3% for the period.
4:34 a.m. Aug. 19, 2021 - By Tonya Garcia
Petco beats earnings, raises full-year guidancePetco Health & Wellness Co. Inc. reported net income of $75.1 million, or 28 cents per share, up from $7.4 million, or 4 cents per share, last year. Adjusted EPS of 25 cents beat the FactSet consensus for 20 cents. Sales of $1.435 billion were up from $1.209 billion and also ahead of the FactSet consensus of $1.369 billion. Comparable growth was 20% year-over-year, and 30% on a two-year stack, according to a statement from Ron Coughlin, chief executive of the company. For the full-year, Petco is guiding for revenue of $5.6 billion to $5.7 billion, up from previous outlook of $5.475 billion to $5.575 billion. The company also raised its adjusted EPS guidance to 81 cents to 85 cents from 73 cents to 76 cents. The FactSet consensus is for revenue of $5.539 billion and EPS of 76 cents. Petco shares, which started trading , slipped 1.7% in Thursday premarket trading, and have fallen 25% over the last three months. The S&P 500 index has gained nearly 7% over the last three months.
3:43 a.m. Aug. 19, 2021 - By Tonya Garcia
Kohl's beats expectations, raises full-year guidanceKohl's Corp. reported second-quarter net income totaling $382 million, or $2.48 per share, up from $47 million, or 30 cents per share, last year. Sales of $4.223 billion were up from $3.213 billion last year. The FactSet consensus was for EPS of $1.26 and sales of $3.959 billion. Kohl's now expects full-year sales to increase in the low-twenties percentage range up from previous guidance for a rise in the mid-to-high teens percentage range. The retailer forecasts for adjusted EPS in the range of $5.80 to $6.10, up from previous outlook for $3.80 to $4.20. The FactSet consensus is for sales of $18.123 billion, implying an increase of 20.6%, and EPS of $4.45. Kohl's shares slipped 0.7% in Thursday premarket trading but have gained 27.4% for the year to date. The S&P 500 index is up 17.2% for 2021 so far.
Browse topics:

Filter results by

Industry

Retail (416)

Manufacturing (295)

Food And Beverage (171)

Tobacco (171)

Health-care (158)

Automobiles (136)

Location

Us (1294)

Europe (80)

Asia Pacific (74)

China (55)

Eu (53)

Canada (32)

Link to MarketWatch's Slice.