Q3 2018 Retail Scorecard - Update

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Includes: BITE, EMTY, FDIS, FTXD, FXD, JHMC, MENU, PMR, RCD, RETL, RTH, VCR, XLY, XRT
by: Lipper Alpha Insight

By Jharonne Martis

Eighty percent of companies in our Retail/Restaurant Index have reported Q3 2018 EPS. Of the 166 companies in the index that have reported earnings to date, 69% have reported earnings above analyst expectations, 8% reported earnings in line with analyst expectations and 23% reported earnings below analyst expectations. The Q3 2018 blended earnings growth estimate is 17.9%.

The 3Q 2018 blended revenue growth estimate is 6.1%. 53% have reported revenue above analyst expectations, and 47% reported revenue below analyst expectations.

Same-Store Sales:

Of the 46 retailers that have reported 3Q Same-Store Sales, 55% exceeded estimates, while 2% matched and 43% missed.

Exhibit 2: Retail Same-Store Sales Scorecard- Q3 2018

Source: I/B/E/S estimates from Refinitiv.

Restaurant Same-Store Sales:

Of the 35 restaurants that have reported 3Q Same-Store Sales, 46% exceeded estimates, while 54% missed.

Exhibit 3: Restaurant Same-Store Sales Scorecard - Q3 2018

Source: I/B/E/S estimates from Refinitiv.