While national soccer teams compete on the field for the ultimate prize – the World Cup — Adidas and Nike are doing battle in retail stores with tournament merchandise. The Adidas logo appears on the game balls and much of the equipment used in the competition. Such global exposure looks like it is benefiting Adidas, since earnings are expected to see a 61.4% jump this quarter. Adidas is the main sponsor of the championship, but Nike is also dominating the soccer play field … so who will have the highest score? Who dominates in the U.S.? Although this is a

The Covid-19 Delta variant continues to trigger shifts in consumer sentiment, and this is reflected in retail sales and earnings results. Ninety‐nine percent of companies in the Refinitiv Retail/Restaurant Index have reported Q2 2021 earnings. During Q2 earnings calls, the Delta variant was mentioned by 65 different retailers. As people cope with the Delta variant, it is clear that their spending is focused on improving the stay‐at‐home experience. The latest U.S. retail sales numbers show that the strongest spending happened at non-store retailers, suggesting that consumers are still gravitating online and might still be avoiding in-person shopping. The latest Census

Ninety two percent of companies in our Retail/Restaurant Index have reported Q4 2020 EPS. Of the 187 companies in the index that have reported earnings to date, 71% have reported earnings above analyst expectations, 2% matched and 27% reported earnings below analyst expectations. The Q4 2020 blended earnings growth estimate is -11.1%. The Q4 2020 blended revenue growth estimate is 7.7%. Sixty seven percent have reported revenue above analyst expectations, and 33% reported revenue below analyst expectations. Exhibit 1: Refinitiv Earnings Dashboard Source: I/B/E/S data from Refinitiv Q4 2020 retail earnings All eyes are on Williams Sonoma and Nike, which

The coronavirus crisis in China has added new concerns for U.S. retailers. First, it was the tariff war, now it’s the infectious disease that has affected tens of thousands, prolonged store closures in China and affected retailers’ revenue. The outbreak has put pressure on China’s officials to demonstrate greater transparency towards the public and international organizations such as the World Health Organization. As a result, Wall Street has been skeptical about the accuracy of China’s economic and GDP data. Because of this doubt, we dig deeper to gain a better insight into true economic activity. We also turn to macro

This year alone, retailers have discussed Chinese tariffs in 166 earnings calls, and that might just be the beginning. The Chinese government announced its retaliation on Aug. 23, saying tariffs will be imposed on American goods, including apparel, textiles, agriculture and chemicals. This announcement is weighing on retail stocks globally and continues to fuel a trade war between China and the U.S. And now tariffs are having a deep effect on both countries. Retailers Booming in China The retailers reporting Q2 earnings this month have been vocal about their popularity in China. Walmart said during its Q2 earnings call that

Although Nike's Kaepernick ad might have caused initial negative reaction among investors, Nike maintained its product pricing structure.

World Cup sponsors Adidas and Nike are competing for retail gold.

As the NBA playoffs continued, it's also the battle of the brands - Nike vs. Under Armour on the court.