Tiffany Lowers Its Guidance for Fiscal 2015
Tiffany (TIF) has lowered its guidance for fiscal 2015. Earlier, it expected earnings to fall 2%–5% from fiscal 2014 but now expects its earnings to fall 5%–10% on a YoY basis.
Net sales were positively impacted by comparable sales growth in foreign operations such as Asia-Pacific, Japan, and Europe, but the strengthening dollar took a toll on total sales.
Tiffany (TIF) reported its fiscal 3Q15 earnings for the quarter ended October 31, 2015. The results disappointed Wall Street on top-line sales as well as adjusted EPS.
Analysts’ consensus recommendation for Dollar Tree stock is “buy.” Out of the 25 analysts that cover the company, 12 analysts have a “buy” recommendation.
Dollar Tree (DLTR) stock rose by 6.5% on a YTD (year-to-date) basis as of November 25, 2015. It hasn’t provided any dividend.
In fiscal 3Q15, Dollar Tree saw its top-line sales grow by 136.0% to $5 billion. Most of the growth was due to the integration of the Family Dollar stores.
Wal-Mart plans to have Cyber Week last from November 28 to December 4, 2015, with ~2,000 online deals per day.
A Preliminary Thanksgiving Weekend Survey estimates that approximately 135.8 million shoppers, or 58%, will shop over the Thanksgiving weekend.
Over 60% of shoppers are expected to spend on clothing and clothing accessories this holiday season, according to the National Retail Federation.
Consumer spending on gifts is expected to reach an all-time survey record at $462.95, up from $458.75 in 2014.
The holiday season, defined as the months of November and December, can account for as much as 20%–30% of the year’s total sales for some retailers.
According to the University of Michigan, the consumer sentiment final index rose to 91.3 in November versus 90.0 in October.
The SPDR S&P Retail ETF (XRT), which has exposure to around 100 US retail stocks, saw net inflows of $335.4 million over the week starting November 16, 2015.
The Vanguard Consumer Discretionary ETF (VCR) and the Fidelity Consumer Discretionary ETF (FDIS) both rose by 3.3% on a weekly basis, as of November 23.
The peers outperformed Cracker Barrel based on the PE ratio. However, Cracker Barrel is ahead of its peers based on the PBV ratio.
Cracker Barrel has a market cap of $3.1 billion. After the 1Q16 earnings report, Cracker Barrel fell by 6.5% to close at $129.91 per share as of November 24, 2015.
The Consumer Confidence Index of the United States is published by the Conference Board, a global research association. The monthly index started in 1985.
Let’s compare Burlington Stores to its industry peers. The company’s peers include The TJX Companies, Ross Stores, and Bed Bath & Beyond.
Burlington Stores has a market cap of $3.6 billion. Burlington’s year-to-date price movement was a mix of rises and falls in fiscal 2015.
As of November 23, Copart was outperforming its peers based on PE and PBV ratios and outperforming its ETFs based on PE and PBV ratios.