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Tue, Jan. 12, 7:28 AM| Tue, Jan. 12, 7:28 AM | 1 Comment
Thu, Jan. 7, 10:14 AM
- A large number of retail stocks are defying the global market sell-off to put in strong gains.
- The unexpected strength follows a few store chains reporting solid holiday sales growth, headlined by L Brands with a stellar 8% comp. The underlying story behind the good read may be that $2 gas prices are helping to feed consumer spending at U.S. store chains.
- Gasbuddy.com forecasts gas prices will stay low in the U.S. for all of 2016.
- Notable gainers include Wal-Mart (WMT +2%), Target (TGT +1%), Gap (GPS +2.3%), Fred's (FRED +1.2%), Express (EXPR +1.1%), American Eagle Outfitters (AEO +1.6%), Tilly's (TLYS +2.3%), Urban Outfitters (URBN +4%), TJX Companies (TJX +0.6%), Ross Stores (ROST +1.6%), Kohl's (KSS +2%), Stein Mart (SMRT +4.4%), Citi Trends (CTRN +1.7%), Buckle (BKE +4.8%).
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, FXD, FDIS, RHS, FSTA, RCD, PMR, BITE
Dec. 9, 2015, 5:15 PM
- Express' (NYSE:EXPR) new buyback is good for repurchasing nearly 7% of shares at current levels. It succeeds a prior authorization through which $40M was spent to buy back 2.1M shares.
- Buybacks will be financed via both cash on hand and credit facility borrowings, and are expected to be carried out over the next 12 months. Express is up 1% after hours to $17.29.
Dec. 9, 2015, 10:42 AM
- Urban Outfitters (NASDAQ:URBN) is up 7.8% to lead the pack of mall retailer stocks that are rallying with some vigor.
- While the sector is seen benefiting from $2 gas prices at the pump, and some analysts have called valuation at reasonable levels - it could be the tamping down of promotional activity which is providing the optimism. Earlier today, Vera Bradley (VRA +30.4%) disclosed it took a hit on the top-line in order to keep margins intact.
- Notable movers include Gap (GPS +2.7%), Stage Stores (SSI +3.8%), Citi Trends (CTRN +1.9%), American Eagle Outfitters (AEO +2.8%), Buckle (BKE +2.9%), Nordstrom (JWN +1.6%), Abercrombie & Fitch (ANF +3.8%), Express (EXPR +2.3%), and Guess (GES +2.9%).
- Previously: Vera Bradley +19% after reducing promotions in FQ3 (Dec. 09 2015)
Dec. 3, 2015, 9:15 AM
Dec. 3, 2015, 9:02 AM
- Express (NYSE:EXPR) is solidly higher in early trading after the company's Q3 report indicates it is building some momentum into the holidays.
- Comparable-store sales tracked higher to help leverage costs, while promotions were dialed back to also help boost margins.
- EXPR +7.41% premarket to $18.70 to help offset the 10% month-long slide in share price heading into the earnings print.
- Express earnings call webcast
- Previously: Express beats by $0.02, beats on revenue (Dec. 03 2015)
- Previously: More on Express' Q3 (Dec. 03 2015)
Dec. 3, 2015, 7:14 AM
- Express (NYSE:EXPR) reports comparable-store sales rose 6% in Q3.
- E-commerce sales increased 6% to $83.8M.
- Gross margin rate improved 330 bps to 35%.
- Merchandise margins grew 160 bps for the period.
- SG&A expense rate expanded 140 bps to 26.8%.
- Operating margin rate +200 bps to 8.1%.
- Inventory +4.1% to $364.66M.
- Store count +17 Q/Q to 654.
- Q4 Guidance: Comparable sales: Low single digits growth; Tax rate: ~39% to 40%; Interest expense, net: $1.2M; Net income: $50M to $54M; Diluted EPS: $0.60 to $0.64; Shares outstanding: 83.9M; Store count: 654.
- FY2015 Guidance: Comparable sales: Mid single digits growth; Tax rate: ~39%; Interest expense, net: $15.9M; Net income: $110M to $114M; Adjusted net income: $116M to $120M; Diluted EPS: $1.31 to $1.35; Adjusted EPS: $1.38 to $1.42; Shares outstanding: 84.7M; Capex: $112M to $117M.
Dec. 3, 2015, 6:50 AM
Dec. 2, 2015, 5:30 PM
Nov. 30, 2015, 12:55 PM
- It's not a happy Cyber Monday for most retail chain stock on broad concerns over soft store traffic and weak pricing.
- Notable decliners include Guess (GES -5.5%), Express (EXPR -4.6%), Zumiez (ZUMZ -7%), Foot Locker (FL -1.7%), Finish Line (FINL -2.1%), Urban Outfitters (URBN -4.4%), Francesca's (FRAN -2.9%), DSW (DSW -2.7%), and Men's Wearhouse (MW -3.3%).
- Discounters are down sharply, led by Big Lots (BIG -5.4%), Gordmans Stores (GMAN -6%), and Five Below (FIVE -4.3%).
- Big box retailers Wal-Mart (WMT -1.3%), Costco (COST -1.4%), and Target (TGT -1.4%) are lower with concerns over website capabilities lingering in the background. Best Buy (BBY +1.1%) is a bit of a surprise with a 1.4% gain after reports indicate demand for Apple products is exceptionally strong.
- Specialty retailers such as The Container Store (TCS +1.6%), Party City (PRTY +1.2%), and The Michaels Companies (MIK +1.4%) are also retail outliers as consumers are seen spending a higher percentage of their disposable income close to their homes.
- Previously: Retail stocks on watch after Amazon scoops up more Black Friday sales (Nov. 30 2015)
- Previously: Department stores stocks weak on holiday sales anxiety (Nov. 30 2015)
Nov. 27, 2015, 2:39 PM
Nov. 18, 2015, 9:52 AM
Nov. 11, 2015, 11:32 AM
- A painful guidance cut from Macy's is creating a wave of selling across mall-related retailers.
- Decliners in the fragile sector include Urban Outfitters (URBN -6.1%), Ascena Retail Group (ASNA -7.1%), Dillard's (DDS -6.5%), Sears Holdings (SHLD -4.3%), TJX Companies (TJX -3.2%), Guess (GES -3.5%), Abercrombie & Fitch (ANF -4.6%), Francesca's Holdings (FRAN -4.4%), Express (EXPR -3.4%), (DSW -3.8%), American Eagles Outfitters (AEO -2.5%), Aeropostale (ARO -3.9%), Zumiez (ZUMZ -4%), Buckle (BKE -3%), and bebe stores (BEBE -9.5%).
- Previously: Macy's lower after U.S. sales slump and nixing REIT (Nov. 11)
- Previously: Department store sector on watch after Macy's warns (Nov. 11)
- Previously: Should Macy's suppliers be worried? (Nov. 11)
Oct. 12, 2015, 10:49 AM
- Cotton prices are expected to fall sharply this year and into 2016 due to a variety of market factors - including lower demand for yarn and a drop in polyester prices.
- Companies with an eye on the level of cotton prices based on recent conference calls transcripts posted on SA include Hanesbrands (NYSE:HBI), Carter's (NYSE:CRI), Vera Bradley (NASDAQ:VRA), PVH Corp (NYSE:PVH), Williams-Sonoma (NYSE:WSM), Chico's FAS (NYSE:CHS), Express (NYSE:EXPR), L Brands (NYSE:LB), Gildan Activewear (NYSE:GIL), and The Children's Place (NASDAQ:PLCE),
Sep. 17, 2015, 7:30 AM
- MKM Partners upgrades TJX Companies (NYSE:TJX) to a Buy rating after having the retailer set at Neutral.
- Gap (NYSE:GPS) and L Brands (NYSE:LB) were started off by MKM with Buy ratings.
- The investment firm initiated coverage on Express (NYSE:EXPR) and Chico's FAS (NYSE:CHS) at Neutral.
- On a broad scale, U.S. retail sales have held steady over the last six months with no slips into negative territory.
Aug. 26, 2015, 12:45 PM
Express, Inc., is a specialty apparel and accessory retailer offering both women's and men's merchandise. The Company operates in single segment which is Express brick-and-mortar retail stores and e-commerce operations.
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