$TUES (Tuesday Morning Corporation)

$TUES {{ '2016-08-19T13:42:32+0000' | timeago}} • Webcast

$TUES said that 4Q16 SG&A expenses were $85.3MM, up 10.5% vs. 4Q15. As a percent of net sales, SG&A rose 200 BP to 38.3% vs. 36.3% in 4Q15. This increase was driven mainly by higher store rent and depreciation, due in part to the company's strategy to improve store real estate, as well as increase store labor and advertising cost.

$MSFT {{ '2017-07-21T14:22:52+0000' | timeago}} • Webcast

$MSFT said the large markets like the US, Germany and Japan performed better than its expectations in 4Q17. To compete with its competitors $GOOGL and $AMZN, Microsoft invested about $3.3Bil in CapEx, which includes the capital leases. This was up sequentially partly due to the deferral of planned datacenter spending from 3Q17 to 4Q17.

$GWW {{ '2017-07-19T19:32:05+0000' | timeago}} • Webcast

In the US segment, $GWW said it expects volume growth of 6-8% in the back half of the year, based on price changes. The company, meanwhile, did not give a month-wise update on volume growth.

$GWW {{ '2017-07-19T18:59:11+0000' | timeago}} • Webcast

$GWW said its mid-size customer volume continued to accelerate throughout 2Q17 and was positive for the first time in five years during the quarter. The company added that currently, about 50% of the mid-size customer volume is on more competitive pricing.

$GWW {{ '2017-07-19T14:00:08+0000' | timeago}} • Infographic

$GWW W.W. Grainger, Inc. Earnings AlphaGraphic: Q2 2017 Highlights

$GWW {{ '2017-07-19T12:44:44+0000' | timeago}} • Announcement

$GWW's sales for the US segment were up 1% YoY in 2Q17, driven by a 5 percentage point increase from volume. Canada segment sales fell 3% in US dollars, while sales for the Other Businesses increased 11% during this period.

$GWW {{ '2017-07-19T12:41:24+0000' | timeago}} • Announcement

In the US segment, $GWW's gains from the sale of assets in 2Q17 were offset by restructuring costs. The Canadian business announced plans to close 59 branches in 2017 as part of restructuring. $GWW also announced the wind-down of its business in Colombia. Restructuring items represented $1.07 per share in charges.  Excluding them, EPS decreased 5%.

$GWW {{ '2017-07-19T12:37:57+0000' | timeago}} • Announcement

$GWW CFO Ron Jadin announced that he will be retiring at 2017-end. Jadin joined Grainger in 1998 and has served in various financial roles including as CFO since 2008.

$GWW {{ '2017-07-19T12:34:09+0000' | timeago}} • Announcement

Despite a drastic fall in earnings in 2Q17, $GWW reiterated its 2017 sales and EPS guidance of sales growth of 1-4% and adjusted EPS of $10-11.30. CEO DG Macpherson said, "Outside the US, we took aggressive action to streamline our portfolio and focus on profitable businesses. Based on what we are seeing, we are reiterating our 2017 guidance."

$GWW {{ '2017-07-19T12:26:52+0000' | timeago}} • Announcement

Industrial supplies company $GWW saw 43% fall in net earnings in 2Q17, even as sales increased 2% to $2.61Bil. The sales growth during the quarter was spurred by its continued volume growth from the pricing initiatives in the US. Net earnings were $98MM, or $1.67 per share, compared to $173MM, or $2.79 per share in the year-over period.

$GS {{ '2017-07-19T11:22:37+0000' | timeago}} • Webcast

$GS advised a number of important transactions that were announced during 2Q17, including $BCR's $24Bil sale to $BDX. $AMZN's $13.7Bil acquisition of $WFM, and $DFT's $7.6Bil merger with $DLR.

$ETH {{ '2017-07-18T13:21:55+0000' | timeago}} • Announcement

$ETH expects to report FY17 consolidated net sales of $763.4MM compared to $794.2MM in the prior year, wholesale net sales of $453.3MM, and retail net sales of $603.7MM. Net sales and earnings in 4Q17 are projected to be impacted by tough comparative numbers from the prior year quarter.

$SCSS {{ '2017-07-17T21:03:41+0000' | timeago}} • Announcement

$SCSS reiterates its outlook for FY17 EPS of $1.25 to $1.50. The company anticipates high single-digit sales growth, including 4-6% points from net new store openings and low single-digit comp store growth. CapEx is expected to be to approx. $55MM.

$SCSS {{ '2017-07-17T20:58:56+0000' | timeago}} • Announcement

Maker of foundations and bedding accessories $SCSS reported 2Q17 net loss of $778,000, or $0.02 loss per share, compared to earnings of $1.42MM, or $0.02 per share during 2Q16. Net sales during the quarter rose 3% YoY to $285MM.

$BAX {{ '2017-07-17T20:58:53+0000' | timeago}} • Announcement

$BAX appointed Cathy Smith, EVP and CFO of $TGT, to its BoD, bringing the total number of directors serving the company at this time to 13. Smith now also serves on $BAX's Audit Committee.

$CAR {{ '2017-07-17T13:54:53+0000' | timeago}} • Announcement

Car Rental operator $CAR said it has integrated $AMZN’s voice platform Alexa to allow travelers to book and manage car rental reservations with ease.  Avis is the first car rental company to offer the service.

$RH {{ '2017-07-14T16:27:20+0000' | timeago}} • Announcement

$RH has completed its $700MM share repurchase program, purchasing 12.37MM shares during 2Q17. The company is also confirming its previous 2Q17 guidance of revenue of $595-610MM and adjusted net income of $13-15MM. Adjusted diluted EPS is expected to be $0.43-0.50, assuming a weighted avg. diluted share count of approx. 30MM.

$JCP {{ '2017-07-13T13:05:00+0000' | timeago}} • Announcement

$JCP continues to explore new merchandise categories and differentiate its business. The retailer is opening toy shops in all of its brick-and-mortar locations with a significantly expanded assortment available at its website. $JCP has doubled online assortment of toys over last year with plans to expand even more by holiday shopping season.

$JWN {{ '2017-07-12T15:18:15+0000' | timeago}} • Announcement

$JWN announced plans to open a Nordstrom Rack at The Promenade at Town Center in Santa Clarita, California. The approximately 30,000-square-foot store is scheduled to open in spring 2018. The new Nordstrom Rack store will join more than seven existing retailers in the area.

$KIM {{ '2017-07-12T15:14:26+0000' | timeago}} • Announcement

$KIM has signed a lease with $TGT for a 48,000-square-foot, small-format store at Westmont Plaza in Haddon Township, New Jersey, set to open in July 2018. The addition of Target is the first step in a larger repositioning of the 173,000-square-foot, open-air center. The store will also offer a CVS Pharmacy and Target’s Order Pickup service.

$AMZN {{ '2017-07-12T13:51:52+0000' | timeago}} • Announcement

$AMZN said on Prime Day 2017, held on July 11, sales surpassed Black Friday and Cyber Monday. The Prime Day 2017 event grew by more than 60% compared to 2016, and sales growth by small businesses and entrepreneurs was even higher. Purchases made on Prime Day 2017 were more than 50% higher than the prior year.

Recent Transcripts

GWW (W.W. Grainger, Inc.)
Wednesday, July 19 2017 - 3:00pm
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Thursday, May 18 2017 - 12:00am
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