Tue, Jun. 14, 8:49 AM
- Retail sales topped expectations in May with some categories tipping off a healthy spending trend.
- Nonstore retailers once again led all categories with 12% Y/Y growth. Amazon (NASDAQ:AMZN) had a lot to say with that strong performance.
- Health and personal care stores were also solid with an 8% Y/Y rise in sales. Chains such as Walgreens (NASDAQ:WBA), Rite Aid (NYSE:RAD), Ulta Salon (NASDAQ:ULTA), and Sally Beauty Holdings (NYSE:SBH) continue to draw millennial interest.
- Department stores lagged once again with a 0.9% M/M drop and 6% Y/Y tail-off. A tough month of weather contributed to a 2% M/M drop in the building materials and garden equipment (HD, LOW) category.
- Restaurants performed ahead of expectations, sales were up 0.8% M/M and 6.5% Y/Y. That mark bodes well for McDonald's (NYSE:MCD) continuing its streak of staying in positive territory with comparable-store sales.
- Previously: Retail sales decelerate from April's pace (June 14)
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC, CNDF.
Thu, Jun. 2, 11:36 AM
Thu, May 5, 7:21 AM
- Sally Beauty (NYSE:SBH) reports same-store sales rose 4% in FQ2.
- Segment sales: Sally Beauty Supply: $587.62M (+2.7%); Beauty Systems Group: $392.45M (+7.3%).
- Segment same-store sales growth: Sally Beauty Supply: +2.3%; Beauty Systems Group: 7.7%.
- Gross profit rate fell 10 bps to 49.7%.
- Adjusted SG&A expense rate grew 90 bps to 34.6%.
- Adjusted operating margin rate dropped 120 bps to 12.7%.
- Inventory +7.5% to $901.2M.
- Total store count +135 Y/Y to 5,044.
Thu, May 5, 6:32 AM
Wed, May 4, 5:30 PM
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Fri, Mar. 11, 10:54 AM
- The solid week for specialty retail continues after a majority of earnings report come in ahead of expectations.
- Ulta Salon (ULTA +16%) and Party City (PRTY +7.1%) were the headliners, but a host of companies realized stronger pricing than anticipated during the quarter to help offset weak traffic trends.
- Retail sector movers include FTD Companies (FTD +6.1%), Pier 1 Imports (PIR +2.3%), Sally Beauty Holdings (SBH +2.4%), Five Below (FIVE +2%), Stein Mart (SMRT +5.7%), Buckle (BKE +2.5%), Urban Outfitters (URBN +2.2%), and Tilly's (TLYS +2.9%) .
Thu, Mar. 10, 10:54 AM
- Piper Jaffray downgrades Sally Beauty (SBH -0.4%) to Neutral from Outperform. Analyst Stephanie Wissink thinks the stock is now at fair value and raises the concern that Sally Beauty doesn't have access to all of the most popular women's beauty products.
- Ultra Salon (ULTA +0.8%) discloses results after the bell today. Analysts expect revenue of $1.236B and EPS of $1.54 to be reported. Keep an eye on that inventory number. SA contributor Prescience Point called inventory levels at Ulta "unmanageable" as they outpace sales.
Thu, Feb. 4, 9:19 AM
- Gainers: VHC +89%. GLUU +21%. OCLS +18%. WFT +12%. ATNY +11%. SEDG +11%. PETX +10%. SVA +9%. ING +9%. TTWO +8%. SBH +8%. GRUB +7%. VALE +7%. HMY +7%. CDNS +6%. CDE +6%. SBGL +6%. GSH +5%. AUY +5%. VIAB +5%. RIO 5%.
- Losers: PPP -16%. KSS -15%. GPRO -15%. IMPV -13%. CS -13%. PACB -13%. RL -9%. AZN -7%.
Thu, Feb. 4, 8:26 AM
- Sally Beauty (NYSE:SBH) reports same-store sales rose 3.9% in FQ1.
- Segment sales: Sally Beauty Supply: $595.97M (+1.6%); Beauty Systems Group: $402.07M (+6.4%).
- Gross profit rate expanded 40 bps to 49.5%.
- Adjusted SG&A expense rate fell 100 bps to 33.9%.
- Adjusted operating margin rate increased 120 bps to 13.3%.
- Inventory +8.9% to $912.4M.
- Total store count +134 Y/Y to 5,014.
- The company expects effective tax rate to be in the range of 37.5% to 38.5% for FY2016.
Thu, Feb. 4, 6:53 AM
- Sally Beauty (NYSE:SBH): FQ1 EPS of $0.43 beats by $0.06.
- Revenue of $998.03M (+3.5% Y/Y) beats by $5.6M.
Wed, Feb. 3, 5:30 PM
- ABC, ABG, ABMD, ARW, AZN, BCE, BCO, BR, BSX, BZH, CARB, CFX, CHTR, CI, CLX, CMI, CMS, COP, COTY, CRS, CS, CSL, CUB, DFT, DLPH, DNKN, EQM, EQT, GLPI, GRUB, HIMX, ICE, IT, ITG, KELYA, LQDT, LVLT, MD, MHFI, MHO, MMC, MMP, MMS, MSCI, MSG, NAO, NYT, ODFL, OXY, PBH, PM, PPL, PRLB, PTEN, RDS.A, RFP, RL, RSTI, SBH, SNA, SPH, SQNS, STRA, TDC, TDY, TE, TPX, UTEK, VLP, VMC, WEC, XYL
Tue, Jan. 19, 8:21 AM
- Morgan Stanley turns cautious on a trio of retail stocks after digesting holiday sales reports.
- Best Buy (NYSE:BBY), Party City (NYSE:PRTY), and Sally Beauty Holdings (NYSE:SBH) are all moved to Equal Weight from Overweight due to a "lack of catalysts" in play.
- All three stocks are down in 2016 amid the broad market decline, with Party City off to the weakest start at -17% YTD.
Dec. 4, 2015, 10:29 AM
- Economists think that the combination of a stronger U.S. jobs environment and sub-$2 gas prices could improve some consumer spending habits, although not as much for traditional big box retailers, apparel chains, and electronics stores as for specialty retailers selling lower-end personal care, housing, and decor items. Though middle-income and low-income consumers continue to be thrifty with major purchases (logo apparel, gadgets), there have been signs in recent earnings reports of strength in everyday items such as shampoo, mattresses, and underwear.
- That trend could benefit a variety of chain stores with an U.S. focus including Five Below (NASDAQ:FIVE), Ulta Salon (NASDAQ:ULTA), TJX Companies (NYSE:TJX), Dollar General (NYSE:DG), Ross Stores (NASDAQ:ROST), Kirkland's (NASDAQ:KIRK), Sally Beauty Holdings (NYSE:SBH), Michaels Companies (NASDAQ:MIK), Party City (NYSE:PRTY), and even Mattress Firm (NASDAQ:MFRM).
- The bump in consumer staples spending could provide a lift to Procter & Gamble (NYSE:PG), Kimberly-Clark (NYSE:KMB), and Clorox (NYSE:CLX) as well for the U.S. side of their business.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC
Nov. 12, 2015, 8:56 AM
- Sally Beauty (NYSE:SBH) reports same-store sales rose 3.5% in FQ4.
- Segment sales: Sally Beauty Supply: $582.3M (+0.2%); Beauty Systems Group: $381.93M (+5.2%).
- Adjusted gross profit rate slipped 10 bps to 49.4%.
- Adjusted SG&A expense rate grew 10 bps to 34%.
- Adjusted operating margin rate declined 50 bps to 12.9%.
- Inventory +6.9% to $885.2M.
- Total store count +139 Y/Y to 4,967.
- FY2016 Guidance: Same-store sales: low 3% range; Gross profit margin: +30 bps to +45 bps; SG&A expense rate: +10 bps to +20 bps; Tax rate: 37.5% to 38.5%; Capital expenditure: $125M to $135M; Organic store: ~+3%.
Nov. 12, 2015, 6:35 AM
- Sally Beauty (NYSE:SBH): FQ4 EPS of $0.38 misses by $0.01.
- Revenue of $964.23M (+2.1% Y/Y) in-line.
Nov. 11, 2015, 5:30 PM
Sally Beauty Holdings, Inc. is an international retailer and distributor of professional beauty supplies. It operates primarily through two segments: Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment is an open-line and exclusive-label distributor of professional... More
Industry: Specialty Retail, Other
Country: United States
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