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Monday, December 5, 2022

===GitLab (GTLB) reported earnings on Mon 5 Dec 22 (a/h)

 

GitLab beats by $0.05, beats on revs; guides Q4 EPS above consensus, revs in-line
  • Reports Q3 (Oct) loss of $0.10 per share, $0.05 better than the S&P Capital IQ Consensus of ($0.15); revenues rose 69.2% year/year to $113 mln vs the $106.08 mln S&P Capital IQ Consensus.
  • Customers with more than $5,000 of ARR increased to 6,469, up 59% from Q3 of fiscal year 2022.
  • Customers with more than $100,000 of ARR increased to 638, up 49% from Q3 of fiscal year 2022.
  • Dollar-Based Net Retention Rate above 130% in Q3 of fiscal year 2023.
  • Co issues guidance for Q4, sees EPS of ($0.15)-($0.14) vs. ($0.17) S&P Capital IQ Consensus; sees Q4 revs of $119-$120 mln vs. $119.33 mln S&P Capital IQ Consensus.

===Sumo Logic (SUMO) reported earnings on Mon 5 Dec 22 (a/h)

 

Sumo Logic beats by $0.11, beats on revs; guides Q4 EPS above consensus, revs above consensus
  • Reports Q3 (Oct) loss of $0.04 per share, $0.11 better than the S&P Capital IQ Consensus of ($0.15); revenues rose 27.4% year/year to $79 mln vs the $74.2 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for Q4, sees EPS of ($0.09)-($0.08) vs. ($0.17) S&P Capital IQ Consensus; sees Q4 revs of $77-$78 mln vs. $75.42 mln S&P Capital IQ Consensus.

Thursday, December 1, 2022

==Designer Brands (DBI) reported earnings on Thur 1 Dec 22 (b/o)

 
Designer Brands misses by $0.05, misses on revs; guides FY23 EPS below consensus
  • Reports Q3 (Oct) earnings of $0.67 per share, $0.05 worse than the S&P Capital IQ Consensus of $0.72; revenues rose 1.4% year/year to $865 mln vs the $876.72 mln S&P Capital IQ Consensus.
    • Comparable sales up 3.0% on top of comparable sales of 40.8% for the third quarter of 2021
  • Co lowers guidance for FY23, sees EPS of $1.75-1.80 vs. $2.06 S&P Capital IQ Consensus. This is down from $2.05-2.15.
    • Co reaffirms FY23 Comparable Sales Growth of mid-single digits.

Dollar General (DG) reported earnings on Thur 1 Dec 22 (b/o)

** charts after earnings **

 



Dollar General misses by $0.22, reports revs in-line; guides Q4 EPS below consensus; reaffirms FY23 revs guidance 
  • Reports Q3 (Oct) earnings of $2.33 per share, $0.22 worse than the S&P Capital IQ Consensus of $2.55; revenues rose 11.1% year/year to $9.46 bln vs the $9.43 bln S&P Capital IQ Consensus.
  • Co issues downside guidance for Q4, sees EPS of $3.15-3.30 vs. $3.67 S&P Capital IQ Consensus.
  • Co reaffirms guidance for FY23, sees FY23 revs of +11% yr/yr to ~$38.0 bln vs. $37.92 bln S&P Capital IQ Consensus.
  • Color on Q3 and Outlook
    • During the third quarter, the Company experienced unanticipated delays in acquiring additional temporary warehouse space sufficient for its inventory needs, which caused inefficiencies within the Company's internal supply chain. These challenges resulted in higher-than-anticipated supply chain costs, including fees incurred for delays in returning shipping containers, and higher transportation costs caused by the need to service stores from less-than-optimal distribution center alignments.
    • As a result of these greater-than-anticipated gross margin pressures, which co believes are temporary but will continue to a lesser degree through the fourth quarter of 2022, as well as those related to sales mix, inventory shrink and damages, the Company is updating its diluted EPS guidance for the 53-week fiscal year ending February 3, 2023 from that which was issued on August 25, 2022.
    • Additionally, the Company is narrowing its expectations for same-store sales growth and capital expenditures within the previously guided ranges, and is reiterating the remainder of its financial guidance for fiscal year 2022 from that which was issued on August 25, 2022. The Company is also providing guidance for same-store sales growth and diluted EPS for the fourth of quarter of fiscal year 2022.
    • The Company now expects the following:
      • Same-store sales growth of approximately 6% - 7% for the fourth quarter of fiscal year 2022, which would result in growth toward the upper end of its previously expected range of 4.0% - 4.5% for fiscal year 2022

Wednesday, November 30, 2022

-=G-III Apparel (GIII) reported earnings on Wed 30 Nov 22 (a/h)

 
 G-III Apparel misses by $0.49, reports revs in-line; guides FY23 EPS below consensus, reaffirms FY23 revs guidance; also extends license agreements for Calvin Klein and Tommy Hilfiger 
  • Reports Q3 (Oct) earnings of $1.35 per share, excluding non-recurring items, $0.49 worse than the S&P Capital IQ Consensus of $1.84; revenues rose 6.2% year/year to $1.08 bln vs the $1.07 bln S&P Capital IQ Consensus.
    • "During the quarter, the higher inventory levels caused logistical challenges within our distribution centers. This resulted in significant one-time charges in the third quarter, that were above our expectations, which adversely impacted our bottom line by approximately $0.40 per diluted share. For the fourth quarter of fiscal year 2023, our order book is strong and we are well positioned to meet the demand of our retailers for the Holiday season."
  • Co issues guidance for FY23, sees EPS of $2.90-3.00, excluding non-recurring items, vs. $3.60 S&P Capital IQ Consensus; sees FY23 revs of $3.15 bln vs. $3.13 bln S&P Capital IQ Consensus.
    • Co says guidance anticipates the expected impact from current levels of inflationary pressure on consumers and incremental costs associated with the supply chain conditions, including the timing of receipts of goods.
  • Co also announces the extension of license agreements for Calvin Klein and Tommy Hilfiger products. See 16:23 comment for more details.