Chewy (CHWY) reported earnings on Wed 1 June 22 (a/h)

 ** charts before earnings **

 

** charts after earnings **

 

Chewy beats by $0.17, reports revs in-line; guides JulQ revs in-line; reaffirms FY23 revs guidance

• Reports Q1 (Apr) earnings of $0.04 per share, $0.17 better than the S&P Capital IQ Consensus of ($0.13); revenues rose 13.7% year/year to $2.43 bln vs the $2.41 bln S&P Capital IQ Consensus.
• Co issues in-line guidance for Q2 (Jul), sees Q2 revs of $2.43-2.46 bln vs. $2.44 bln S&P Capital IQ Consensus.
• Co reaffirms guidance for FY23, sees FY23 revs of $10.2-10.4 bln vs. $10.27 bln S&P Capital IQ Consensus.

-=Salesforce (CRM) reported earnings on Tue 31 May 22 (a/h)

 

Salesforce beats by $0.04, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; raises FY23 EPS guidance above consensus, raises non-GAAP operating margin guidance, lowers revenue guidance below consensus

• Reports Q1 (Apr) earnings of $0.98 per share, $0.04 better than the S&P Capital IQ Consensus of $0.94; revenues rose 24.3% year/year to $7.41 bln vs the $7.38 bln S&P Capital IQ Consensus.
• Remaining performance obligation ended the first quarter at approximately $42.0 billion, an increase of 20% year-over-year.
• First quarter non-GAAP operating margin was 17.6%.
• Co issues downside guidance for Q2, sees EPS of $1.01-$1.02 vs. $1.14 S&P Capital IQ Consensus; sees Q2 revs of $7.69-$7.70 bln vs. $7.77 bln S&P Capital IQ Consensus.
• Co updates guidance for FY23, sees EPS of $4.74-$4.76 vs. prior guidance of $4.62-$4.64, above the $4.66 S&P Capital IQ Consensus; sees FY23 revs of $31.7-$31.8 bln vs. prior guidance of $32.0-$32.10 bln, below the $32.06 bln S&P Capital IQ Consensus. Raises FY23 non-GAAP operating margin guidance to ~20.4% from approximately 20%.

Farfetch (FTCH) reported earnings on Thur 14 Nov 19 (a/h)

** charts before earnings **

 

** charts after earnings **

Farfetch beats by $0.02, beats on revs

Reports Q3 (Sep) loss of $0.18 per share, $0.02 better than the S&P Capital IQ Consensus of ($0.20); revenues rose 93.3% year/year to $255.5 mln vs the $248.31 mln S&P Capital IQ Consensus.

Gross Merchandise Value (GMV) increased by $182.0 mln from $310.0 mln in 3Q18 to $492.0 mln in 3Q19, representing year-over-year growth of 58.7%.

Digital platform GMV increased to $420.7 mln from $305.9 mln.

Gross margin decreased to 45.1% form 50.1%.

Adjusted EBITDA loss increased by $3.3 mln, or 10.3%, yr/yr in 3Q19, to $35.6 mln. Adjusted EBITDA Margin improved from (28.7)% to (15.6)% over the same period.

Q4 Guidance: Co sees digital platform GMV growth of 30-35%, brand platform GMV of $80-$90 mln, and Adjusted EBITDA loss of ($31)-($21) mln.

=Pfizer (PFE) reported earnings on Tue 29 Oct 19 (b/o)

Pfizer beats by $0.14, beats on revs; raises FY19 EPS guidance above consensus, increases midpoint of revenue outlook 

Reports Q3 (Sep) earnings of $0.75 per share, excluding non-recurring items, $0.14 better than the S&P Capital IQ Consensus of $0.61; revenues fell 4.6% year/year to $12.68 bln vs the $12.37 bln S&P Capital IQ Consensus.

"Following the expected close of the Upjohn-Mylan transaction next year, Pfizer RemainCo will be a smaller, science-based company with a singular focus on innovation. We expect Pfizer RemainCo will be positioned to deliver revenue and Adjusted diluted EPS growth that is among the industry leaders while continuing to allocate significant capital directly to shareholders, primarily through dividends."

Co raises guidance for FY19, sees EPS of $2.94-3.00 (Prior $2.76-2.86), excluding non-recurring items, vs. $2.82 S&P Capital IQ Consensus; sees FY19 revs of $51.2-52.2 bln (Prior $50.5-52.5 bln) vs. $51.47 bln S&P Capital IQ Consensus.

=Mattel (MAT) reported earnings on Tue 29 Oct 2019 (a/h)

• #1, 4, 5, 19-22, 26, 49, 50, 52, 61, 85, 95

Mattel beats by $0.07, beats on revs; raises FY19 rev and EBITDA guidance; completes audit investigation which resulted in changes to the timing of income tax in 2017; CFO Joseph Euteneuer to step down

Reports Q3 (Sep) earnings of $0.26 per share, excluding non-recurring items, $0.07 better than the S&P Capital IQ Consensus of $0.19; revenues rose 3.1% year/year to $1.48 bln vs the $1.44 bln S&P Capital IQ Consensus.

Co raises full year revenue guidance to "slightly up" from prior guidance of flat, both in constant currency. Increases 2019 adjusted EBITDA margin to $400-425 mln vs prior guidance of $350-400 mln.

Co also announces that the Audit Committee of its Board of Directors has completed an independent investigation into the allegations contained in a whistleblower letter disclosed on August 8, 2019. The Letter, which had been sent to Mattel's outside auditors, questioned whether there were accounting errors in historical periods and whether Mattel's outside auditor was independent. The investigation determined that income tax expense was understated by $109 mln in 3Q17, and overstated by $109 mln in 4Q19, with no impact for the full year. The errors were non-cash, did not affect operating income or EBITDA, and had no impact on Mattel's full year financial results for 2017 or subsequent periods.

The investigation also determined that Mattel has certain material weaknesses in its internal control over financial reporting. The Audit Committee concluded that the objectivity and impartiality of Mattel's outside auditor has not been impaired, and that Mattel's outside auditor can continue as its independent auditor. Mattel's outside auditor agrees with that conclusion. Mattel will undertake a series of remedial actions, including the amendment of its 2018 Form 10-K to restate the last two quarters of 2017, and certain related information, and the strengthening of its internal control over financial reporting.

Co also announces that CFO Joseph Euteneuer will leave the company after a transition period of up to six months. Mattel is conducting a search for its next CFO.

=Beyond Meat (BYND) reported earnings on Mon 28 Oct 19 (a/h)

Beyond Meat beats by $0.02, beats on revs; guides FY19 revs above consensus; as expected, reports a quarterly profit for first time ever

Reports Q3 (Sep) earnings of $0.06 per share, $0.02 better than the S&P Capital IQ Consensus of $0.04; revenues rose 250.0% year/year to $91.96 mln vs the $83.35 mln S&P Capital IQ Consensus.

• Adjusted EBITDA jumped to $11.0 mln from $(5.7) mln loss last year.

Co issues upside guidance for FY19, sees FY19 revs of $265-275 mln vs. $266.63 mln S&P Capital IQ Consensus and vs prior guidance of above $240 mln.

• "We are very pleased with our third quarter results which reflect continued momentum across our business and mark an important milestone as we achieved our first ever quarter of net income."

=Stitch Fix (SFIX) reported earnings on Tue 1 Oct 19 (a/h)

Stitch Fix beats by $0.03, reports revs in-line; guides Q1 revs below consensus; guides FY20 revs in-line

Reports Q4 (Jul) earnings of $0.07 per share, $0.03 better than the S&P Capital IQ Consensus of $0.04; revenues rose 35.8% year/year to $432.1 mln vs the $432.44 mln S&P Capital IQ Consensus. Net revenue per active client for the period ended August 3, 2019 was $488, an increase of 9.0%

"We grew our active clients to 3.2 million, an increase of 18% year over year... we consistently demonstrated our ability to deliver great client experiences, growing revenue per active client in every quarter of fiscal 2019, including 9% year over year in Q4."

Co issues downside guidance for Q1, sees Q1 revs of $438-442 mln vs. $451.29 mln S&P Capital IQ Consensus; EBITDA ($7-4) mln or $6-9 mln ex-stock bsed comp. "We've planned Q1'20 softer than our full-year growth for two reasons. First, we've had greater success this year with summer products that carry lower average unit retails and average order values. Second, we spent less on marketing in late Q4'19, which meant we had fewer clients to contribute to revenue at the start of Q1'20."

Co issues in-line guidance for FY20, sees FY20 revs of $1.90-1.93 bln vs. $1.92 bln S&P Capital IQ Consensus; EBITDA $10-30 mln or $85-105 mln ex-stock based compensation. FY'20 EBITDA guidance includes plans to invest aggressively in our data science and engineering teams and continue to strengthen our competitive capabilities, as reflected in an SBC estimate of $75 million in our FY'20 guidance and the adjusted EBITDA (ex. SBC) range listed above. By comparison, last year's adjusted EBITDA (ex. SBC) was $75 million. 

Options trade: Canopy Growth (CGC)

•  Nov. 2

• Jan 10:

DDR — is it a buy? (options trade)

• Apr. 27:  Is DDR a buy  (May calls)?

  

• Answer:  NO
• One-for-two reverse stock split on May 21, 2018.

Kimco Realty (KIM) reported earnings on Thur 26 Apr 18 (b/o)

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2017, the company owned interests in 492 U.S. shopping centers.

• Sector: Real Estate
• Industry: REIT - Retail
• Full Time Employees: 546
• http://www.kimcorealty.com
• Forward Dividend & Yield 1.12 (7.96%)
• Ex-Dividend Date 2018-07-02

Apr. 26 (right after earnings):  #1, 5, 6, 22; vol. 8.0M; $2.86

** charts 1 day after earnings (Apr. 27) **

 **  1 month later : options expired worthless **

NEW HYDE PARK, N.Y. (AP) _ Kimco Realty Corp. (KIM) on Thursday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.

The New Hyde Park, New York-based real estate investment trust said it had funds from operations of $157.8 million, or 37 cents per share, in the period.

The average estimate of 11 analysts surveyed by Zacks Investment Research was for funds from operations of 36 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $129.5 million, or 30 cents per share.

The real estate investment trust posted revenue of $304.1 million in the period. Its adjusted revenue was $299.7 million, also beating Street forecasts. Eight analysts surveyed by Zacks expected $298.4 million.

Kimco Realty expects full-year funds from operations in the range of $1.42 to $1.46 per share.

The company's shares have declined 25 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased almost 1 percent. The stock has fallen 37 percent in the last 12 months.

Great trade : ALLY +350% (2/17)

• Wed 1/25:  10, 15, 37
• 9, 10, 15, 22, 37, 59, 97
• bot ALLY Feb 17  $20 calls @ 0.35
• sold @ 1.60 on Wed 2/1
• profit $1.20 or 350%  (stock +10%) 

Wed 1/25 bot

Trade

Details

5,016

vol 540

0.04

0.31

0.30

0.35

20.00

Wed 2/1 sold

Trade

Details

5,077

0

0.00

1.20

1.60

1.70

20.00

 

Big Lots (BIG) reported earnings on Fri 8/26/16 (a/h)

** charts before earnings **

** charts after earnings **

Big Lots beats by $0.06, misses on revs; guides Q3 EPS in-line; guides Q4 (Jan) EPS in-line; Q2 comps +0.3%  :

• Reports Q2 (Jul) earnings of $0.52 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.46; revenues fell 0.5% year/year to $1.2 bln vs the $1.22 bln Capital IQ Consensus. Q2 Comparable store sales increased 0.3% for the quarter, compared to our guidance of flat to an increase of 2%.
• Co issues in-line guidance for Q3, sees EPS of ($0.04) - $0.01, excluding non-recurring items, vs. ($0.03) Capital IQ Consensus Estimate. Provides initial Q3 guidance for comparable store sales in the range of flattish to +2%.
• Co issues in-line guidance for Q4 (Jan), sees EPS of $2.18-2.23 vs. $2.21 Capital IQ Consensus Estimate. Provides initial Q4 guidance for comparable store sales in the range of flattish to +2%.

Options trade : UNH (Dec 2013)

from http://theoptionspecialist.com/2013/12/18/puts-unitedhealth/

Short Puts (from http://www.optionmonster.com/education/short_puts.php)

Short puts are a bullish to neutral strategy.

Selling puts are often seen as a way to make money in a neutral market. Having chosen the strike and expiration date of an options contract, your sale is a credit and adds cash to your account. If the short put is "cash secured," which is often prudent, it means you to have enough cash in your account to purchase the stock at the designated strike. For instance, if you sold a 30 put for $1, you would have $3,000 cash in your account, in order to buy 100 shares of stock for $30 if assigned. (Note: Your broker may require short puts to be cash secured, or may have different margin requirements.)

• They can generate extra income in your account.
• The risk is the same as owning the stock, minus the credit for selling the put.
• They can be a good way to acquire stock.
• They are equivalent to covered calls, but may offer some advantages.
• The maximum gain is capped, while the risk is the same as owning the stock.

Options trade: Nabors Industries (NBR) covered call

Selling the June $12.00 call while at the same time buying NBR stock for $11.51 will produce a new covered call with a target return of 20.7 %. Based on recent data, this trade will cost about $9.94, which is also the covered call’s breakeven point. At that price, this covered call has 13.6 % downside protection, while seeking an assigned return of 20.7 % return in 137 days. If NBR is higher than $12.00 on 6/19/2015, we are assured that simple return.

Options trade idea : Walgreen (WAG)

In 2014 Walgreens purchased Switzerland-based Alliance Boots. The two companies merged to form a new holding company, Walgreens Boots Alliance Inc. The company trades on the Nasdaq under the symbol WBA.

     

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