Consumer

Title Date
WSM – Key Conf. Call Takeaways 2020-11-19
ROST – Key Conf. Call Takeaways 2020-11-19
WSM - Reports Q320 Earnings, Q beats on EPS by 67% driven by better topline (Net SSS +24% vs. St. +11% & Demand SSS were +31%), GMs & SG&A; No Q4 guidance; reit LT targets 2020-11-19
SFIX – COO/CFO Mike Smith resigning to start a VC firm. Smith plans to remain w/SFIX until co hires and announces a new CFO (which company has been conducting a search for). 2020-11-19
ROST - Reports Q320 Earnings, Q beats on EPS driven by signif better SSS & GMs; QTD SSS tracking in line w/St. ests. 2020-11-19
Stimulus - Schumer says McConnell has agreed to resume negotiations w/Dems on a potential new COVID bill as case #s surge. CNBC 2020-11-19
JACK shrs +6% – Key Conf. Call Takeaways 2020-11-19
JACK - QTD Trends on CC – QTD/1st 7 weeks continuing to run up LDD% 2020-11-19
LB shrs +14% – Key Conf. Call Takeaways 2020-11-19
BJ shrs dn 3% – Key Conf. Call Takeaways 2020-11-19
LB - QTD Trends on CC - "it happens to be the case for both businesses that the current run rate of the business is similar to the overall Q3 total...business is running pretty consistent." 2020-11-19
LB – Asked in Q&A if VS’s Q3 Inflection Changes Mgmt’s View On It’s Value and/or Board’s View Of A Separation? 2020-11-19
Macy’s (M) – Key Conf. Call Takeaways 2020-11-19
PLCE – Key Conf. Call Takeaways 2020-11-19
BJ – QTD SSS Tracking >+20% (vs. Q3’s +18.5%) 2020-11-19
Retail/Shipping – PLCE guides to ~150bps Q4 GM headwind from shipping/freight surcharges. Recall KSS yesterday guided to freight surcharges being a 100-150bps Q4 GM headwind. 2020-11-19
Retail – Macy’s Credit Income Revs Commentary -“Q3 credit card revs of $195M was up $12M y/y & ahead of expectations. Our profit sharing from our Citibank arrangements has performed better than anticipated in recent months...Q4 credit revs outlook has improved" 2020-11-19
JR's Consumer Daily – 11.19.20 2020-11-19
PLCE - Q beats St. on OpProfit/EPS driven by better topline, GMs & SG&A; Inventories slightly better than guide; "Approaching Q4 w/heightened caution & expect both sales/profitability to be under pressure." 2020-11-19
Macys (M) - Q4 Guidance In Slide Deck Directionally In Line w/St. 2020-11-19

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