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News Breaks
November 13, 2012
06:20 EDTAMZN, GWWAmazon still threat to Grainger, but little impact yet, says Citigroup
Citigroup's purchasing manager survey indicated that few managers at this time are diverting purchasing away from traditional distributors like Grainger (GWW) to AmazonSupply. However, Citi continues to view Amazon's (AMZN) presence as a longer term threat to Grainger and keeps a Sell rating on the stock.
News For GWW;AMZN From The Last 14 Days
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November 13, 2014
16:03 EDTAMZNOptions Update; November 13, 2014
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11:43 EDTAMZNAmazon.com, Hachette end dispute, New York Times reports
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06:20 EDTAMZNAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
16:00 EDTAMZNOptions Update; November 12, 2014
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14:03 EDTGWWGrainger to increast investment in single channel online business
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14:01 EDTGWWGrainger reiterates 16%-17% operating margins by 2019
The margin improvement is expected to come from organic sales growth in the high single digits and long term operating margin expansion averaging 30 to 60 basis points per year. For reference, Grainger's operating margin in 2014 is expected to be 14.3%, excluding restructuring charges and unusual items.
14:00 EDTGWWGrainger to refocus international portfolio, to exit Brazil
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13:54 EDTGWWGrainger reports October sales increased 6% vs. last year
Grainger reported sales results for the month of October. Sales increased 6% versus October 2013. Results for the month included a 1 percentage point contribution from acquisitions, net of dispositions, and a 2 percentage points decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic sales increased 7% driven by 6 percentage points of volume growth and a 1 percentage point contribution from sales of Ebola-related safety products. The month of October had 23 selling days, the same as October 2013. Q4 will have 64 selling days, the same as 4Q13.
13:51 EDTGWWGrainger expects FY15 EPS $12.90-$13.80, consensus $13.67
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13:50 EDTGWWGrainger reiterates FY14 EPS guidance $12.20-$12.30, consensus $12.26
The company reiterated its sales growth forecast of 5%-5.5%, consensus $9.96B.
13:49 EDTGWWGrainger expects Q4 EPS $2.75-$2.85, consensus $2.83
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13:47 EDTAMZNEarnings Preview: Wal-Mart sees FY15 net sales up 2%-3% vs. last year
Wal-Mart Stores (WMT) is scheduled to report third quarter earnings before the market open on Thursday, November 13, with a conference call scheduled for 7:00 am ET. Wal-Mart, a member of the Dow Jones Industrial Average, operates retail stores in various formats under 69 different banners in 27 countries with its "everyday low price" philosophy. EXPECTATIONS: Analysts are looking for earnings per share of $1.12 on revenue of $118.35B, according to First Call. The consensus range for EPS is $1.08-$1.17 on revenue of $115.17B-$119.67B. LAST QUARTER: Wal-Mart reported second quarter EPS of $1.21, in line with estimates, on revenue of $119.3B, against estimates of $119B. Walmart U.S. comp sales were flat for the 13-week period ended August 1, and U.S. net sales increased $1.9B, or 2.7%, to over $70B. Currency exchange rate fluctuations negatively impacted net sales by approximately $700M, the company said. Wal-Mart forecast Q3 EPS of $1.10-$1.20, with U.S. comp store sales relatively flat and Sam's Club comp sales, excluding fuel, slightly positive. and increased investments in Sam's Club membership programs. The company lowered its fiscal year 2015 EPS view to $4.90-$5.15 from $5.10-$5.45, against estimates at that time of $5.15. The new full year guidance reflects incremental investments in e-commerce and higher U.S. health-care costs than previously anticipated. The annual effective tax rate is projected to be between 32%-34%. NEWS: On its Q2 earnings conference call, Wal-Mart lowered its FY15 e-commerce sales growth forecast to 25%. In mid-October, Wal-Mart said that as a result of a tougher sales environment than it anticipated a year ago, it now expects to grow net sales for FY15 between 2%-3% on last year’s $473.1B. The company indicated in February that it expected net sales growth to be at the low end of its guidance provided last October of 3%-5%. The company sees fiscal year 2016 net sales growth of 2%-4%, or approximately $10B-$20B of net sales growth. The company said FY16 operating expenses will grow at a rate "somewhat faster" than sales growth and operating income will be flat to slightly down. Chief Executive Officer Doug McMillon said the company will invest less in stores and more in e-commerce. Wal-Mart sees FY15 capital investments of $12.5B-$13B and FY16 capital investments $11.6B-$12.9B. Wal-Mart also sees FY16 e-commerce and digital spending of $1.2B-$1.5B. Ahead of a holiday shopping season that may be fiercely promotional, Wal-Mart is testing a program to match online prices from rivals including Amazon.com (AMZN), reported the Wall Street Journal. The company announced the "New Black Friday" will include five days of deals. STREET RESEARCH: Cleveland Research said Wal-Mart's trends softened in September and October following a strong August driven by soft traffic and less promotional activity. The firm believes Wal-Mart is positioned to maintain share during the holidays, but sees "growing caution" on the consumer spending outlook. Baird said expectations for Wal-Mart appear to be muted into the Q3 report. The firm believes sales may remain lackluster and margins may slip in the near-term, but sees international as an opportunity. During the quarter, shares were initiated with a Neutral rating at Sterne Agee. PRICE ACTION: Wal-Mart shares are up 6.9% over the last three months but are only up 0.8% year-to-date. In early afternoon trading, Wal-Mart shares are up 0.4% to $79.35.
12:55 EDTAMZNAmazon to expand its R&D in Cambridge, UK, TechCrunch reports
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09:37 EDTAMZNActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
November 11, 2014
16:01 EDTAMZNOptions Update; November 11, 2014
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09:37 EDTAMZNeBay October SSS up 4.4%, Amazon SSS up 32.4%, ChannelAdvisor says
ChannelAdvisor released October same-store sales data for eBay (EBAY) and Amazon (AMZN) in a blog post. The research company reported eBay's October SSS growth came in at 4.4%, down from September's 8.9% and below the e-commerce growth rate of about 15% reported by ComScore. Amazon's October SSS growth came in at 32.4%, which was a decrease compared to August's 37.9% rate, ChannelAdvisor stated. Reference Link
09:29 EDTGWWGrainger to host analyst meeting
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06:03 EDTAMZNQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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November 10, 2014
15:44 EDTAMZNAmazon Web Services to hold a conference
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06:47 EDTGWWGrainger downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank downgraded Grainger to Sell saying the valuation looks "excessive" following the recent rally in shares. Deutsche thinks pricing pressure and competition will make 2015 a challenging year for the company. The firm lowered its price target for shares to $225 from $272.
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