Four factors contributed to sales weakness including weak tourist business, slow growth in core categories and challenges with the consumer We would highlight the following four major factors in no particular order that contributed to our sales weakness in the … Continued
Disappointed but not discouraged “our sales performance fell short of what we had expected. And as a result, so did our earnings. In speaking to our leadership group last week, Terry, our CEO, started his comments by saying, “I am … Continued
Each week I read dozens of transcripts from earnings calls and presentations as part of my investment process. Below are some of the most important quotes about the economy and industry trends from the transcripts that I read this week. … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha We were disappointed with … Continued
There have been a few comments on retail/apparel earnings calls suggesting that retailers are currently managing their inventories relatively tightly. Fossil, for instance, said this: “What we discovered or what we experienced in the second quarter was that both with … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha 4% comp “The key … Continued
A digest of some of the top insights that I’ve gathered from this week’s earnings calls. Full notes can be found here. Things got better at the end of April ” we were pleased both with our earnings in the … Continued
A digest of some of the top insights that I’ve gathered from this week’s earnings calls. Full notes can be found here. Comps up 1.2-2.4% “Sales in the fourth quarter were $9,202,000,000, up 1.4% on a comp basis and up … Continued
With some retail quarters starting to trickle in, I wanted to put together a comparison of some of the US’ largest multi-line retailers based on square footage. It’s always amazing to think about just how large $WMT is compared to … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. “Sales in the third quarter were $6,276,000,000, up 3.5% on a comp … Continued