1Q 2017 Thomson Reuters Retail and Restaurant Aggregate Estimates and Revisions
Negative guidance – next quarter
Retailers are already warning us not to expect much in the next reporting cycle. We continue to receive more negative guidance. For Q2 2017, there have been 42 negative EPS preannouncements issued compared to only 14 positive EPS pre-announcements. This is almost four times the amount of negative guidance from the beginning of the month. The bulk of the negative guidance (36%) comes from the apparel sector.
Q2 2017 Earnings and Revenue Guidance
SAME STORE SALES:
Of the 67 retailers that have reported 1Q Same Store Sales, 42% exceeded estimates, while 58% missed.
RESTAURANT SAME STORE SALES:
Of the 39 restaurants that have reported 1Q Same Store Sales, 64% exceeded estimates, while 36% missed.
Please note: if you use our earnings data, please source Thomson Reuters I/B/E/S.
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