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Wednesday, December 11, 2019

-=American Eagle (AEO) reported earnings on Wed 11 Dec 19 (b/o)



American Eagle reports EPS in-line, beats on revs; guides Q4 EPS below consensus
  • Reports Q3 (Oct) earnings of $0.48 per share, in-line with the S&P Capital IQ Consensus of $0.48; revenues rose 6.2% year/year to $1.07 bln vs the $1.06 bln S&P Capital IQ Consensus.
    • Consolidated comparable sales increased 5%, following an 8% comparable sales increase last year, and were positive across both store and digital channels.
    • By brand, American Eagle's comparable sales increased 2%, following a 5% increase last year. Aerie's comparable sales increased 20%, building on a 32% increase last year and marking the 20th consecutive quarter of double-digit sales growth.
  • Co issues downside guidance for Q4, sees EPS of $0.34-0.36 vs. $0.46 S&P Capital IQ Consensus, comparable sales approximately flat

  • -Vera Bradley (VRA) reported earnings on Wed 11 Dec 19 (b/o)



    Vera Bradley beats by $0.02, beats on revs; guides Q4 EPS in-line, revs below consensus
  • Reports Q3 (Oct) earnings of $0.20 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.18; revenues rose 30.5% year/year to $127.5 mln vs the $124.48 mln S&P Capital IQ Consensus.
  • Co issues in-line guidance for Q4, sees EPS of $0.49-0.53, excluding non-recurring items, vs. $0.52 S&P Capital IQ Consensus; sees Q4 revs of $155-162 mln vs. $162.52 mln S&P Capital IQ Consensus.
  • "Growth: Our plan is to return to positive comparable sales growth this year, and through the first nine months, Vera Bradley comparable sales were up 3.8%, in line with our expectations. Even in the face of a challenging North American handbag market, our improvement is being driven by exciting, innovative product, supported by data-driven marketing and a relentless focus on customer engagement and the consumer experience. Vera Bradley customer count is up double digits year-over-year. The acquisition of Pura Vida is adding to our growth as well."


  • Tuesday, December 10, 2019

    ===GameStop (GME) reported earnings on Tue 10 Dec 19 (a/h)



    GameStop misses by $0.66, misses on revs, comps -23.2%; lowers FY20 EPS, comps guidance
  • Reports Q3 (Oct) loss of $0.49 per share, excluding non-recurring items, $0.66 worse than the S&P Capital IQ Consensus of $0.17; revenues fell 25.7% year/year to $1.44 bln vs the $1.62 bln S&P Capital IQ Consensus. The sales decline was driven by a consolidated comparable store sales decrease of 23.2%.
  • Co lowers guidance for FY20, sees EPS of $0.10-0.20 (Prior $1.15-1.30), excluding non-recurring items, vs. $1.26 S&P Capital IQ Consensus; sees a comps decline in the high-teens (Previously saw down low-teens)
  • "Our third quarter results continue to reflect the prevailing industry trends, most notably the unprecedented decline in new hardware sales seen across the market as the current generation of gaming consoles reach the end of their lifecycle and consumers delay their spending in anticipation of new hardware releases. With console makers set to introduce new and innovative gaming consoles late next year, we anticipate this trend to continue until the fourth quarter of 2020. Despite the current top-line trends, we are pleased with the continued strong progress that we are making against our strategic initiatives as we transform GameStop for the future. We remain on track to achieve our $200 million annualized operating profit improvement goal, by 2021 and we believe our strategic initiatives will enable to us to achieve our long-term growth and profit objectives as we fully leverage our unique leadership position and brand in the video game space."

  • -=Designer Brands (DBI) reported earnings on Tue 10 Dec 19 (b/o)



    Designer Brands misses by $0.07, reports revs in-line; Q3 comps +0.3%; lowers FY20 EPS guidance below consensus 
  • Reports Q3 (Oct) earnings of $0.67 per share, $0.07 worse than the S&P Capital IQ Consensus of $0.74; revenues rose 12.4% year/year to $936.3 mln vs the $935.03 mln S&P Capital IQ Consensus.
  • Comparable sales increased 0.3% for third quarter of fiscal 2019 compared to a 7.3% increase in the third quarter of fiscal 2018.
  • Co issues lowered guidance for FY20, sees EPS of $1.50-1.55 from $1.87-1.97, excluding non-recurring items, vs. $1.88 S&P Capital IQ Consensus.
  • Roger Rawlins, Chief Executive Officer, stated, "We continued to make progress on our strategic initiatives and the integration of our acquisitions. At the same time, we faced several meaningful headwinds during the third quarter that impacted our results and will likely continue for the upcoming quarters. The near-record warm weather during our largest and most profitable quarter affected every segment of our business. And, while we are extremely proud of the results we've achieved, substantially mitigating the very material footwear tariffs that were recently enacted, the mitigation effort itself has had repercussions which have weighed heavy on our results."

  • Monday, December 9, 2019

    -=Construction Partners (ROAD) reported earnings on Mon 9 Dec 19 (a/h)



    Construction Partners misses by $0.02, misses on revs; guides FY20 revs in-line
  • Reports Q4 (Sep) earnings of $0.32 per share, $0.02 worse than the S&P Capital IQ Consensus of $0.34; revenues rose 10.0% year/year to $237.3 mln vs the $250.47 mln S&P Capital IQ Consensus.
  • Project backlog at September 30, 2019 was $531.1 mln, compared to $594.4 mln at September 30, 2018. Backlog is lower than at the same point last year, primarily as a result of the company's strategic focus on recurring repair and maintenance projects while some of the company's markets were letting a project mix that included "mega projects" of the type that the company typically does not pursue.
  • Co issues in-line guidance for FY20, sees FY20 revs of $830-$870 mln vs. $854.62 mln S&P Capital IQ Consensus. Sees Adj. EBITDA of $94-$102 mln.