Retail & Ecommerce Archives - Page 2 of 17

As shoe retailers kick off new growth strategies, transaction data projected earnings surprises for Foot Locker and Nike

On March 20, 2023, Foot Locker Inc (NYSE: FL) reported fourth quarter revenue that exceeded investors’ expectations and remained relatively consistent compared to the year before. The day after Foot Locker’s earnings call, Nike Inc (NYSE: NKE) also announced an earnings surprise for its third fiscal quarter of 2023. Bloomberg Second Measure’s transaction data correctly … Continued

Janine Perri — 22 Mar 2023

Bloomberg Second Measure data beat consensus estimates for Burlington three holiday quarters in a row

Amid a highly-anticipated earnings season for retailers, off-price chain Burlington (NYSE: BURL) reported earnings that beat investors’ expectations in the fourth quarter of 2022. Ahead of Burlington’s holiday quarter earnings announcement, Bloomberg Second Measure transaction data projected $2.78 billion in revenue—within two percent of Burlington’s reported revenue—while the mean consensus estimate was more than 5 … Continued

Janine Perri — 06 Mar 2023

Ahead of Target’s earnings call, transaction data projected a Q4 revenue increase

After months of challenges related to excess inventory as well as changing consumer trends amid high inflation, Target Corporation (NYSE: TGT) surprised investors with its announcement that its revenue for the fiscal quarter ending on January 28, 2023 (FY22 Q4) increased 1 percent compared to the previous year. While consensus expected sales to drop year-over-year, … Continued

Janine Perri — 01 Mar 2023

Transaction data beat mean consensus estimate ahead of TJX’s Q4 earnings report

On February 22, 2023, The TJX Companies (NYSE: TJX) announced that its revenue for the fiscal quarter ending on January 28, 2023 (FY23 Q4) was $14.52 billion, a 5 percent increase from the previous year. The report, which was the first among major off-price retailers during the first earnings season of 2023, exceeded analysts’ revenue … Continued

Janine Perri — 24 Feb 2023

Amazon’s holiday sales growth outpaced superstore competitors in 2022

At the end of November 2022, Amazon.com, Inc (NASDAQ: AMZN) announced that it saw record sales during the five-day shopping period between Thanksgiving and Cyber Monday. But how did the rest of the holiday season fare? Consumer transaction data shows that Amazon’s U.S. consumer sales during the 2022 holiday season exceeded its holiday sales during … Continued

Janine Perri — 31 Jan 2023

Etsy.com crafts strong sales in the holiday quarter, while per-visit spend is higher at its resale subsidiaries

Known for vintage and personalized merchandise, online marketplace Etsy (NASDAQ: ETSY) has become a hot destination for holiday shopping in recent years. Despite increased transaction fees for Etsy sellers as well as consumers’ concerns about inflation, consumer transaction data reveals that Etsy.com’s U.S. sales in November and December of 2022 were relatively consistent compared to … Continued

Janine Perri — 19 Jan 2023