RefinitivRetail and Restaurant Aggregate Estimates and Revisions Q1 2018 | May 23

1Q 2018 Refinitiv Retail and Restaurant Aggregate Estimates and Revisions

• First quarter earnings are expected to increase 20.1% from Q1 2018.
• 76% of companies in our Retail/Restaurant Index have reported Q1 2018 EPS.
• Of the 165 companies in the Retail/Restaurant Index that have reported earnings to date for Q1 2017, 70% have reported earnings above analyst expectations, 6% matched, while 24% reported earnings below analyst expectations.
• The Q1 2018 blended revenue growth estimate is 7.8%.
• 72% have reported revenue above analyst expectations, 0% matched, and 28% reported revenue below analyst expectations.

Retailers This Week: May 21 – 25

• Urban Outfitters posted the strongest SSS result this week at 10%, above its 8.8% final estimate.
• Similarly, Tiffany’s saw strength from the international luxury tourist, and smashed its 2.7% SSS estimate with a 7.0% comp. Although the retailer saw robust growth in the US, Asia and Japan regions, comp sales in Europe were down 9.0%.
• Like Home Depot, Target and Lowe’s also blamed the cold weather for weaker than expected results.
• Kohl’s posted three consecutive quarters of positive comps, and is still on top within the department sector, while TJX Companies also beat expectations.

Retail Same Store Sales Scorecard – 1Q 2018

Of the 30 retailers that have reported 1Q Same Store Sales, 55% exceeded estimates, while 45% missed.

Restaurant Same Store Sales Scorecard – 1Q 2018

Of the 31 restaurants that have reported 1Q Same Store Sales, 65% exceeded estimates, while 35% missed.

Please note: if you use our earnings data, please source I/B/E/S.

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