YETI Holdings (YETI) reports prelim Q4 sales; raises guidance

YETI Holdings reports prelim Q4 sales +19% y/y to $241.2 mln vs $226.4 mln consensus and raises FY18 adj EPS/EBITDA guidance

• Q4 net sales in the direct-to-consumer channel increased 45% to $110.5 million, and net sales for the wholesale channel increased 4% to $130.7 million. Drinkware net sales increased 24% to $143.5 million, and Coolers & Equipment net sales +10% to $91.2 million.
• Updated FY18 outlook: adj EPS of $0.88-0.90, up from $0.79-0.82, vs $0.78 consensus. Adjusted EBITDA is now expected to be $147-149 million (versus the previous outlook of $141 million to $144 million), as compared to $97.5 million last year. Capital expenditures are still expected to be $21 million to $24 million, as compared to $42.2 million last year.

DSW (DSW) reported earnings on Tue 28 August 2018 (b/o)

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DSW beats by $0.16, beats on revs; raises FY19 guidance 

• Reports Q2 (Jul) earnings of $0.63 per share, $0.16 better than the S&P Capital IQ Consensus of $0.47; revenues rose 16.4% year/year to $793.7 mln vs the $689.41 mln S&P Capital IQ Consensus.
  • Comparable sales increased 9.7% for the same 13-week periods ended August 4, 2018 and August 5, 2017. Comparable sales exclude results from its Canada Retail segment.
• Integration of New Canada Retail Segment -- As part of the two step acquisition, the Company completed the remeasurement of previously held assets, including the equity investment and note receivable from its initial investment in 2014, resulting in a non-cash charge of $34.0 million. 
  • As a result of the current enterprise value exceeding the fair value of the acquired net assets, the Company recorded a goodwill impairment of $36.2 million.
  • Upon the completion of its comprehensive review, the Company will focus on its largest retail banners, Shoe Company, Shoe Warehouse and DSW Designer Shoe Warehouse. The Company will exit its full price, mall-based Town Shoes banner, which operates 38 locations, mostly by the end of the fiscal year.
  • The acquisition is expected to generate approximately $215 million in revenues and will be slightly accretive to Adjusted Earnings in 2018.
• Outlook
  
  • Co issues guidance for FY19, sees EPS of $1.60-1.75 vs. $1.61 S&P Capital IQ Consensus, compared to its previous range of $1.52-1.67; sees FY19 revs of +6-9% YoY to $2.97-3.05 bln vs. $2.79 bln S&P Capital IQ Consensus. --Revenues from Canadian acquisition ~$215 million
  • Co reaffirmed Comparable sales growth of Low- to mid-single digit range

=Abbott Labs (ABT) reported earnings on Wed 18 July 18 (b/o)

Abbott Labs beats by $0.02, reports revs in-line; guides Q3 EPS in-line; raises FY18 EPS guidance 

• Reports Q2 (Jun) earnings of $0.73 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.71; revenues rose 17.0% year/year to $7.77 bln vs the $7.71 bln Capital IQ Consensus. On an organic basis, worldwide sales increased 8.0 percent.
• "All four of our businesses exceeded expectations and contributed to strong growth overall," said Miles D. White, chairman and chief executive officer, Abbott. "We forecast continued strong performance and are raising our full-year outlook despite recent currency shifts."
• Co issues in-line guidance for Q3, sees EPS of $0.73-0.75, excluding non-recurring items, vs. $0.74 Capital IQ Consensus Estimate.
• Co raises guidance for FY18, sees EPS of $2.85-2.91 (Prior $2.80-2.90), excluding non-recurring items, vs. $2.86 Capital IQ Consensus Estimate.

=Transenterix (TRXC) issues upside guidance for Q2

TransEnterix, Inc., a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery.
Sector: Healthcare
Industry: Medical Instruments & Supplies
Full Time Employees: 119
HQ:  Morrisville, North Carolina
http://www.transenterix.com
Earnings Aug 07 AMC


Transenterix sees Q2 revs above consensus 

• Co issues upside guidance for Q2 (Jun), sees Q2 (Jun) revs of $6.0-6.3 mln vs. $5.44 mln Capital IQ Consensus Estimate.
• On June 7, 2018, the Company announced that it had filed an FDA 510k submission for additional Senhance System instruments, including 3 millimeter diameter instruments.

Lam Research (LRCX) reported earnings on Tue 17 Apr 2018 (a/h)

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Lam Research beats by $0.41, beats on revs; guides Q4 EPS above consensus, revs above consensus 

• Reports Q3 (Mar) earnings of $4.79 per share, $0.41 better than the Capital IQ Consensus of $4.38; revenues rose 34.2% year/year to $2.89 bln vs the $2.85 bln Capital IQ Consensus.
• Reports shipments of $3.13 billion, up 19% q/q.
• Gross margin of 46.0% vs. 46.7% last quarter.
• Co issues upside guidance for Q4, sees EPS of $4.80-$5.20 vs. $4.65 Capital IQ Consensus Estimate; sees Q4 revs of $2.95-$3.25 bln vs. $2.94 bln Capital IQ Consensus Estimate. Sees Non-GAAP gross margin of 46.5-48.5%.

QuinStreet (QNST) : guides Q3 (Mar) revs above consensus

 

QuinStreet guides Q3 (Mar) revs above consensus; says Kerrisdale claims in negative report are inaccurate 

• Co says it expects to report Q3 (Mar) revenue of over $115 mln vs CapitalIQ consensus of $91.1 mln. There were no acquisitions in the quarter.
• "Our strong and improving financial performance continues to be driven by good results for our clients and media partners, and by our significant competitive advantages."
• "We have reviewed the negative report published about QuinStreet by Kerrisdale Capital Management and feel compelled to respond given its invalid claims and conclusions, and its negative impact on our stock price. QuinStreet management has never been contacted by Kerrisdale. We are disappointed they would make such sweeping claims without contacting us. Kerrisdale claims are inaccurate, out-of-context and exaggerated, and their conclusions about our prospects are demonstrably wrong."

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=Wal-Mart (WMT) sees 40% online sales jump, sets $20 billion buyback

• Wal-Mart (WMT) announced a $20 billion buyback program and gave sales guidance ahead of its conference with the investment community Tuesday.

Wal-Mart at Annual Meeting reaffirms FY18 guidance; sees FY19 EPS +5% with sales up at or above 3%; adds to share buyback

Walmart will host its annual meeting for the investment community today where the company will discuss progress against its strategic initiatives to leverage its unique assets and win with customers and shareholders through innovation, greater convenience and speed.

• Reiterates FY18 adjusted EPS guidance of $4.30 to $4.40 vs. $4.38 consensus
• Sees FY19 adj. EPS +5% (a current FX) to $4.52-4.62 vs. $4.62 consensus. Consolidated net sales are expected to grow at or above 3% vs. +2.2% consensus, driven by comp-sales and eCommerce growth, assuming currency exchange rates remain at current levels.  Anticipates sales growth at Walmart U.S. eCommerce to be about 40%. Expects to add 1,000 online grocery locations in Walmart U.S. Expects to leverage expenses.
• Co announces a new $20 billion share repurchase program to replace its existing authorization and expects to utilize the new authorization over an ~two-year period New Unit Details
• The company expects global unit growth of ~280, including new, expanded and relocated units, for each of the fiscal years 2018 and 2019.
• Walmart U.S. expects to open fewer than 15 Supercenters and fewer than 10 Neighborhood Markets in fiscal year 2019. Walmart International expects to open ~255 new stores with a focus in key markets such as Mexico and China.
• The company expects capital expenditures to be ~$11 billion for fiscal years 2018 and 2019.

=Tyson Foods (TSN) increases FY EPS guidance

Tyson Foods increases FY EPS guidance 'primarily due to much better than expected earnings in the Beef segment'

• FY 17 Adj. EPS guidance, which ends Saturday, has been increased to an adjusted $5.20-5.30 per share, up from $4.95-5.05, primarily due to much better than expected earnings in the Beef segment.
  • Current Cap IQ Consensus estimates FY 17 adj. EPS of $5.06
• The company plans to reduce headcount by ~450 positions across several areas and job levels.
  • In its fiscal fourth quarter earnings report, Tyson Foods plans to report restructuring and other charges of approximately $140 - $150 million, composed of an approximately $70 million impairment for costs related to in-process software implementations, $45 - $50 million in employee termination costs and $25 - $30 million in contract termination costs.
• Guidance for FY 18 adj. EPS of $5.70-5.85vs $5.33 Cap IQ Consensus

=Tahoe Resources (TAHO) raises gold production guidance

Tahoe Resources raises gold production guidance

Revised 2017 Gold Guidance by Mine

• The Company has increased its guidance for gold production to 400,000 to 450,000 ounces for 2017. The increase in the Company's revised gold production guidance for the remainder of 2017 is due in large part to the positive mine plan reconciliation experienced at La Arena year to date.
• The positive production reconciliation at La Arena has prompted the Company to initiate a drilling program in the fourth quarter to better define the mineralization below the Calaorco pit with the goal of extending the mine life.

Capital Projects Update

• Shahuindo Expansion - Construction of the initial 12,000 tpd crushing and agglomeration circuit is now 90% complete, with commissioning anticipated in the coming weeks.
• Bell Creek Shaft Project - The Bell Creek Shaft Project continues on schedule and budget. Excavation of the first two pilot raises is complete and shaft benching to enlarge to the final dimension continues to progress as expected.

J. Jill (JILL) reported earnings on Tue 29 Aug 2017 (b/o)

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J. Jill reports EPS in-line, beats on revs; guides Q3 EPS in-line; raises FY18 EPS guidance and reaffirms FY18 comp guidance; Q2 comps +7.8%

• Reports Q2 (Jul) earnings of $0.29 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.29; revenues rose 9.9% year/year to $181.4 mln vs the $179.02 mln Capital IQ Consensus. Total company comparable sales, which includes comparable store sales and direct to consumer comparable sales, increased by 7.8%. Gross profit increased to $122.6 million from $112.9 million in the second quarter of fiscal 2016. As a percentage of total net sales, gross profit was 67.6% compared to a record second quarter gross profit of 68.4% in fiscal 2016.
• Co issues in-line guidance for Q3, sees EPS of $0.18-0.20, excluding non-recurring items, vs. $0.19 Capital IQ Consensus Estimate. Co sees Q3 comps to increase in the high single digits.
• Co issues raised guidancefor FY18, sees EPS of $0.81-0.85 from $0.80-0.84, excluding non-recurring items, vs. $0.84 Capital IQ Consensus Estimate. In FY18, co expects total comparable sales to increase in the high single digits. The 53rd week of fiscal 2017, which is not included in the 52-week basis outlook given above, is expected to contribute an additional $9.0 million in sales and approximately $0.01 of earnings per share. 

Trivago (TRVG) guides above estimates

  

Trivago NV (TRVG) raised its outlook for the year following the earnings release of majority shareholder Expedia (EXPE).  U.S. shares of Düsseldorf, Germany-based Trivago rose 3.8% to $15.80 after hours. "Given our strong start to the year, we have increased our full-year guidance and now expect annual revenue growth to be around 50% in 2017," said Trivago Chief Financial Officer Axel Hefer in a statement. Trivago reports quarterly results on May 15. Expedia shares slipped 2% after hours as the online travel company's earnings missed Wall Street estimates by a penny.