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Consumer Post-Earnings Coverage for November 6–10, 2017

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Consumer earnings released last week

Nordstrom (JWN) announced its fiscal 3Q17 results on November 9, 2017, after the market closed. Revenue rose 2.5% to $3.6 billion YoY (year-over-year), which was 1.4% higher than the estimate. EPS (earnings per share) fell 15.5% to $0.71 compared to $0.84 in fiscal 3Q16. EPS also surpassed the consensus estimate of $0.63.

CVS Health (CVS) reported its fiscal 3Q17 results on November 6, 2017. Net sales were $46.2 billion, a 3.5% rise from the year-ago period and 0.06% more than the estimate. EPS was $1.50, which was 5.7% lower YoY and 1% higher than analysts’ estimate.

Wisconsin-based departmental store chain Kohl’s (KSS) announced its 3Q17 results on November 9, 2017. EPS fell 12.5% YoY to $0.70, and revenue rose slightly by 0.1% YoY to $4.3 billion. EPS missed the estimate by 3%, and revenue beat the estimate by 0.8%.

Virginia-based media company Tegna (TGNA) announced its fiscal 3Q17 results on November 8, 2017. Both revenue and earnings surpassed analyst estimates by 0.3% and 5.5%, respectively. Revenue was $464.2 million compared to $860.2 million in 3Q16. EPS fell 64.6% to $0.23 compared to $0.65 in 3Q16.

Texas-based homebuilding company D.R. Horton (DHI) announced its fiscal 4Q17 results on November 9, 2017. Net sales were $4.1 billion, which was 3.8% higher than the consensus estimate and 11.2% higher YoY. EPS of $0.82 was 7.9% higher than the year-ago period and 1% higher than the estimate.

Royal Caribbean Cruises (RCL) announced its 3Q17 results on November 7, 2017. EPS rose 8.7% YoY to $3.49. Revenue rose slightly by 0.2% YoY to $2.5 billion. EPS beat the estimate by 3%, and revenue beat the estimate by 0.2%.

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More consumer earnings last week

Marriott International (MAR) reported its fiscal 3Q17 results on November 8, 2017. EPS was $1.10, which was 26% higher than the corresponding quarter a year ago and 11% higher than the estimate. Revenue rose 43.6% YoY to $5.6 billion and surpassed the estimate by 8.2%.

Tapestry (TPR) (COH) announced its fiscal 1Q18 results on November 7, 2017. Revenue was $1.2 billion compared to $1 billion in 1Q17. It missed the estimate by 1.8%. EPS was fell 6.7% to $0.42 compared to $0.45 in 1Q17. It surpassed the estimate of $0.36.

Wendy’s (WEN) announced its fiscal 3Q17 results on November 8, 2017. Revenue fell 15.4% YoY to $308 million and missed the estimate of $311.9 million. EPS fell 18.2% YoY to $0.09, which was 25% lower than the estimate.

JCPenney (JCP) announced its fiscal 3Q17 results on November 10, 2017. The company’s adjusted loss per share was $0.33 compared to an adjusted loss per share of $0.21 in fiscal 3Q16.Revenue fell 3.2% YoY to $2.7 billion. EPS missed the estimate by 2%, and revenue beat the estimate by 0.2%.

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