Consumer Sector Post-Earnings Coverage for August 7–11, 2017
Ralph Lauren’s fiscal 1Q18 results
Ralph Lauren (RL) announced its fiscal 1Q18 results on August 8, 2017, before the markets opened. EPS (earnings per share) was $1.11, which was 4.7% higher YoY (year-over-year) and 18.1% higher than analysts’ estimate. However, revenue fell 13.2% to $1.3 billion compared to $1.6 billion in 1Q17. Factors that caused its revenue to fall were lower consumer demand, brand exits, reductions in shipments, and promotional activities that targeted improved sales. Revenue was 0.70% higher than the estimate.
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Other consumer sector companies
On August 8, 2017, before the markets opened, Michael Kors Holdings (KORS) reported its results for fiscal 1Q18, which ended on July 1, 2017. Its adjusted EPS fell 11.1% to $0.80, and its revenue fell 3.6% YoY to $952.4 million, which was higher than the consensus estimate of $918.6 million. The company raised its 2018 earnings guidance. It now projects adjusted EPS of $3.62–$3.72 compared to the previous guidance of $3.57–$3.67. The revised projection excludes the effect of the Jimmy Choo acquisition.
Online travel company TripAdvisor (TRIP) announced its fiscal 2Q17 results on August 8, 2017. Its revenues were $424.0 million, a rise of 8.4% YoY and higher than analysts’ estimate of $421.0 million. Revenue growth was driven by a 31.0% rise in non-hotel revenues. EPS was $0.38, which was in line with 2Q16 EPS and surpassed analysts’ consensus estimate of $0.30.
Media company CBS (CBS) announced its fiscal 2Q17 results on August 7, 2017. Its EPS rose 12.0% YoY, which was 6.1% higher than the estimate of $1.04. Revenue also rose 9.4% to $3.3 billion compared to 2Q16 and was higher than analysts’ estimate of $3.1 billion. Revenue growth was driven by a 16.0% increase in affiliate and subscription fee revenues and a 4.0% increase in advertising revenues.
Jack in the Box (JACK) announced its third quarter 2017 financial results on August 10, 2017. Its EPS was $0.99, a fall of 7.4% compared to $1.07 in fiscal 3Q16 and lower than the estimate of $1.05. Its revenues were $357.9 million, which was 0.50% below the estimate and a fall of 3.0% compared to fiscal 3Q16.