Thu, Jan. 8, 8:18 PM
- Holiday retail sales rose 4.6% vs. expectations for a 3.8% lift, according to a read from ShopperTrak. The growth rate is the highest since 2005 for the period.
- The rush of positive reports from retailers on holiday sales comes off of some beaten-down expectations, notes Chain Store Age.
- Concerns on mall traffic, a West Coast port slowdown, and a frenzied level of promotions drove consensus estimates lower before some macroeconomic factors improved and $2 gas entered the scene.
- A cross-section of retailers that surprised on the upside includes Barnes & Noble, Pier 1 Imports, Walgreens, Urban Outfitters, and Sonic.
- What to watch: Costco (NASDAQ:COST) put up a 5% comp for December, putting some pressure on Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) to show signs of late-quarter strength. Signs of weakness at dollar stores (DG, DLTR, FDO, FIVE) and electronics chains (HGG, CONN, BBY) are a concern. Retailers seen as on-trend for the holiday season include Foot Locker (NYSE:FL), Lululemon (NASDAQ:LULU), and Williams-Sonoma (NYSE:WSM).
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
Thu, Jan. 8, 5:35 PM
Thu, Jan. 8, 5:21 PM
- Five Below (NASDAQ:FIVE) -15% AH after saying it sees Q4 results coming in below Wall Street expectations, reflecting softness after Black Friday continuing into Christmas and the post-holiday period.
- FIVE now sees Q4 sales in the range of $262M-$263M vs. prior guidance of $262M-$266M and analyst consensus of $265M, and EPS of $0.59-$0.60 vs.its earlier outlook for $0.59-$0.62 and below $0.61 consensus.
- FIVE says same-store sales rose 3.2% Y/Y for the nine weeks of the quarter through Jan. 3.
Dec. 5, 2014, 12:50 PM
Dec. 5, 2014, 9:10 AM
Dec. 4, 2014, 6:48 PM
- Five Below (NASDAQ:FIVE) -11.7% AH after its Q3 earnings report included disappointing sales guidance for the current holiday quarter, and naming current COO Joel Anderson as its new CEO.
- FIVE projects Q4 EPS of $0.59-$0.62 vs. $0.63 analyst consensus estimate and revenues of $262M-$266M vs. $268M consensus.
- Anderson replaces CEO and co-founder Tom Vellios, who will become executive chairman; Anderson joined FIVE in July after leaving Wal-Mart, where he ran the retailer’s website.
Dec. 4, 2014, 5:36 PM
Dec. 4, 2014, 4:05 PM
Dec. 3, 2014, 5:35 PM
Nov. 29, 2014, 10:29 AM
- Analysts with Gasbuddy.com predict some gas stations in the U.S. will offer $2 per gallon gas by Christmas.
- The last time the average price of gas in the U.S. was below $2 was in March of 2009.
- Forecasts from economists vary widely on the overall gas benefit to consumers for Q4. The high end from the group is an outlook of $300 per household, while the low end is closer to $100.
- Most analysts see an immediate lift for retail chains with large distribution channels. Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST), Dollar General (NYSE:DG), Family Dollar (NYSE:FDO), Dollar Tree (NASDAQ:DLTR), Big Lots (NYSE:BIG), and Five Below (NASDAQ:FIVE) come to mind.
- Airline stocks (JBLU, DAL, UAL, LUV, AAL, RJET, ALK, HA, ALGT, VA) have already ripped strong gains off the OPEC news, although some see even more long-term upside as forward fuel hedges get reworked.
- A sustained period of low gas prices should lift restaurant stocks (CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN) say some analysts.
- The gaming sector is (CZR, PNK, BYD, ISLE, CNTY, MCRI, MGM, NYNY) also an off-the-radar pick to bounce.
Nov. 28, 2014, 3:26 PM
- Analysts with Guggenheim Partners try to put a number on the benefit to consumer spending of sustained lower gas prices
- The investment firm thinks $6B will be freed up for consumers in December and a total of $20B-$25B for the November to February period.
- Guggenheim identifies Rite Aid (NYSE:RAD) and Five Below (NASDAQ:FIVE) as two companies which could see momentum pick up beyond expectations due to the spending lift.
- Some huge retail names such as General Motors (NYSE:GM), Wal-Mart (NYSE:WMT), and Target (NYSE:TGT) had a banner day to end the week on enthusiasm over consumer spending trends.
- More on the retail sector's big day: 1) Black Friday read: Demand strong for beauty supplies and toys, 2) Amazon, eBay higher following Thanksgiving sales data, 3) Wal-Mart prints all-time high, 4) Retail ETFs catch a break.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK.
Sep. 11, 2014, 9:14 AM
Sep. 10, 2014, 5:35 PM
Sep. 10, 2014, 4:30 PM
- FQ2 comp store sales increased 3.2%.
- FQ3 net sales are expected to be $136M-$138M based on opening 12 new stores and assuming flat to slightly positive comp store sales. GAAP diluted income is expected to be $0.05-$0.06 per share.
- Full year adjusted net income is expected to be $0.87-$0.90 per share on revenue of $681M-$687M, based on opening 62 new stores and assuming a 4% increase in comp sales.
- Previously: Five Below beats by $0.01, beats on revenue
- FIVE -4.6% AH
Sep. 10, 2014, 4:04 PM
Sep. 9, 2014, 5:35 PM
FIVE vs. ETF Alternatives
Five Below Inc is a specialty retailer offering merchandise for teen and pre-teen customers. Its merchandise includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body and among others.
Other News & PR