Consumer

Title Date
GPS - Q misses on EPS driven by higher SG&A while topline (better ON/Athleta) & GM beat and Tax favorable; Q4 guided ahead of St. on Revs/GMs, offset by higher OpEx. 2020-11-24
JWN - Reports Q320 Earnings, Q beats on EPS driven by better GMs, SG&A & favorable tax while topline was roughly in line w/better full-price offset by weaker off-price sales 2020-11-24
AEO - Reports Q320 Earnings, Q beats on EPS driven by slightly better GMs & slightly better revs, partially offset by higher SG&A; QTD "very pleased w/early holiday trends in Nov"; Announcing Jan 21st Investor Day 2020-11-24
HRL shrs dn 4.5% – Key Conf. Call Takeaways 2020-11-24
DLTR – C. Grom is Upgrading to Buy (from Hold); “Intersection of Operational Improvement + Stock Underperformance Creates Entry Point.” PT $140 2020-11-24
ANF shrs dn 2% – Key Conf. Call Takeaways 2020-11-24
DKS shrs dn 2% – Key Conf. Call Takeaways 2020-11-24
SJM shrs +1.4% – Key Conf. Call Takeaways 2020-11-24
DLTR shrs +10% – Key Conf. Call Takeaways 2020-11-24
BURL shrs dn 1.5% – Key Conf. Call Takeaways 2020-11-24
BBY shrs dn 5% pre-mkt - Key Conf. Call Takeaways 2020-11-24
JR's Consumer Daily – 11.24.20 2020-11-24
MKC – Cholula Acq. Conf. Call Notes 2020-11-24
ANF - Q signif beat on EPS driven by better topline, GMs & lower SG&A; encouraged by QTD results though tempered by COVID & expectation for elevated shipping, handling & freight costs 2020-11-24
DKS - Q beats St. on EPS by 83% driven by better topline, GMs & SG&A; QTD SSS up high-teens% (ahead of St.'s +8% Q4 est) w/headwind from warmer weather; President Lauren Hobart to become CEO w/Stack transitioning to Executive Chairman 2020-11-24
DLTR - Reports Q320 Earnings, Q beats on EPS driven by better topline & GMs while SG&A roughly in line; Expanding MPP to ~500 stores beg in Spring '21; No F20 guidance/QTD trends update in PR 2020-11-24
SJM - Reports F2Q21 Earnings, Q beats on OpProfit/EPS driven by better topline, GMs & SG&A; Raising F21 Revs/EPS/FCF guidance 2020-11-24
BBY - Reports Q3F21 Earnings, Q beats on EPS driven by better topline GMs & SG&A; QTD demand "remains at elevated levels"; Resuming share repurchases in Q4 2020-11-24
BURL - Q beats on EPS driven by better topline, GMs & lower SG&A; After challenging Aug. SSS improved to signif to dn 4% in Sept/Oct. however QTD "weak start" w/Nov-to-date dn LDD (tracking below St.'s Q4 dn 7% est) 2020-11-24
LVMH - TIF Reports Q320 Earnings Beat & Raises Q4 Guidance 2020-11-24

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