Eye-on-Retail Tipsheet 11/20/12: Lowe’s Q3 call deep dive; Amazon would “love” to open retail stores.

Yesterday’s Lowe’s Q3 Earnings Call Highlights  Heard on the Call… Strategy In the US, Lowe’s is focused on two large bodies of work this year — value improvement and product differentiation. Through these efforts, Lowe’s expects to deliver comp transaction growth and better gross margin by localizing assortment (i.e. store clustering), driving excitement in stores […]

Eye-on-Retail Tipsheet 11/19/12

Breaking this morning…Lowe’s Q3 Earnings Lowe’s Reports Third Quarter Sales and Earnings Results.  Highlights: Q3 comparable comp sales +1.3%  (vs. Home Depot Q3 comp sales +4.2%) Q3 net earnings of $396 million, a 76% increase vs. same period a year ago (vs. Home Depot Q3 net earnings of $947 million) Lowe’s full year anticipated sales […]

Eye-on-Retail Tipsheet 11/16/12; Target & Dollar Tree release Q3 earnings

Highlights from Target Q3 Earnings Call on 11/15/12 Q3 US sales increased 3.4% to 16.6 billion in third quarter 2012 from 16.1 billion last year Q3 US comp +2.9% Heard on the call… Online: Free wi-fi now rolled out across the chain. Target sees a halo effect from stores to their online site. Not currently […]

Eye-on-Retail Tipsheet 11/15/12: Walmart Q3 earnings highlights

Breaking News — Highlights from Walmart’s Q3 earnings release this morning… Q3 Earnings:  $1.08/share (vs. $1.07/share expected by analysts) an 11.3% increase from $.97/share in the same quarter a year ago. Q3 Net Sales:  $113.2 billion, an increase of 3.4% from Q3 last year. Q3 Comp Sales US:  +1.5% in 13-week period ending Oct. 26, […]

Eye-on-Retail Tipsheet 11/14/12

Home Depot 3Q results edge up, beat Street’s view by Mae Anderson in AP.  “Blake’s statement signaled a “stronger tone” on the housing market than in prior quarters, said NBG Productions analyst Brian S. Sozzi, who called the remarks encouraging.”  https://www.google.com/hostednews/ap/article/ALeqM5h5wqndoxklbLIiQhqZaE6NLqJ6Ng?docId=4a922de3266b404ea8ce2fcf2b7096a8 —————————————————————————————————- Digging deeper into the Home Depot earnings call….   Pro business Frank Blake: […]

Eye-on-Retail Tipsheet 11/13/12

Today at a glance: Home Depot Q3 earnings call @ 9:00am EST.  https://phx.corporate-ir.net/phoenix.zhtml?c=63646&p=irol-irhome&HD%20INVESTOR&viewTaskName=ExternalDirectView CVS to present at Lazard Capital Markets 9th Annual Healthcare Conference @ 9:00am EST. https://phx.corporate-ir.net/phoenix.zhtml?c=99533&p=irol-EventDetails&EventId=4864716  Dick’s Sporting Goods — conference call to discuss Q3 earnings @ 10:00am EST. https://www.dickssportinggoods.com/investors Rite Aid to present at Morgan Stanley Global Consumer & Retail Conference November 13 @ 1:35 EST.  https://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsLang=en&newsId=20121109005892&div=-1245645151 Walgreens  to present […]