* CVS Health Corp. raised its fiscal 2019 adjusted EPS outlook again to a range of $6.89 to $7 as its reported second-quarter adjusted EPS of $1.89, up from $1.69 a year ago and beating the S&P Global Market Intelligence estimate for normalized EPS of $1.69. Revenue jumped 35.2% year over year to $63.43 billion from $46.92 billion, driven by growth across all its business segments.
* Wal-Mart de México SAB de CV, or Walmex, said consolidated sales in July grew 2.9% year over year to 50.96 billion Mexican pesos. The Mexican arm of U.S. retail giant Walmart Inc. said total sales in Mexico jumped 3.6% year over year to 41.69 billion pesos in July, while sales in Central America increased 0.1% year over year to 9.27 billion pesos.
TEXTILES, APPAREL AND LUXURY GOODS
* Sportswear-maker Nike Inc. bought cloud-based retail predictive analytics platform Celect for an undisclosed amount.
* EssilorLuxottica SA is seeking more acquisitions after closing a deal with GrandVision NV, Bloomberg News reported, citing an interview with Vice Chairman Hubert Sagnieres. Sagnieres reportedly said the company wants to boost its retail and online businesses and strengthen its lens and sunglass manufacturing operations. It plans to expand into Asia, Africa and Latin America.
* Saks Fifth Avenue's chief merchandising officer, Tom Ott, is expected to leave the department store chain Aug. 30 after 24 years with the company, Women's Wear Daily reported. Christine Merrick reportedly was promoted to senior vice president and general merchandise manager of men's, kids, shoes and handbags, while Allison Ross was named senior vice president and general merchandise manager of women's, accessories, beauty and home.
* Amazon.com Inc. launched its autonomous delivery robot, Amazon Scout, in Irvine, Calif., after conducting a pilot over the last few months outside of its headquarters in Seattle.
* U.K. online fashion retailer Boohoo Group PLC acquired the Karen Millen and Coast clothing brands out of administration for £18.2 million. They were previously owned by Icelandic bank Kaupthing.
* Blue Apron Holdings Inc. will end its partnership with Walmart Inc.'s Jet.com in the coming weeks as the meal-kit maker attempts to achieve profitability by refocusing on its direct-to-consumer business.
HOUSEHOLD AND PERSONAL PRODUCTS
* Energizer Holdings Inc.'s third-quarter adjusted EPS was 37 cents, versus 54 cents in the year-ago period and below the S&P Global Market Intelligence consensus normalized EPS estimate of 46 cents. Net sales increased 64.8% year over year to $647.2 million.
* Edgewell Personal Care Co. reported that adjusted EPS for the third quarter of 2019 was $1.11, compared with 91 cents in the prior-year period and beating the S&P Global Market Intelligence's consensus normalized EPS estimate of 95 cents. Net sales slid 1.8% year over year to $609.2 million.
FOOD AND STAPLES RETAILING
* Walgreens Boots Alliance Inc. will close about 200 stores in the U.S as part of its transformational cost management program, which was announced in December 2018 and targets over $1.5 billion in annual cost savings by fiscal 2022.
* Koninklijke Ahold Delhaize NV's income from continuing operations for the second quarter of 2019 fell 18.2% year over year to €334 million, driven by an €84 million decrease in operating income resulting from the strike at its Stop & Shop stores in New England. Net sales rose 5% year over year, or 1.5% at constant currency, to $16.32 billion, despite the estimated $224 million impact from the 11-day Stop & Shop protests.
HOUSEHOLD DURABLES AND SPECIALTY RETAIL
* Panasonic Corp. named Michael Moskowitz as chairman and CEO of its North American arm, succeeding Tom Gebhardt. Moskowitz was most recently the president of both Panasonic Canada Inc. and Panasonic Consumer Electronics Co.
* Steinhoff International Holdings NV is in talks with potential advisers about an IPO for its Pepkor Europe business unit, Bloomberg News reported, citing people familiar with the matter. Sources reportedly said the South African company may sell Pepkor Europe's shares in 2020, possibly in London or in Warsaw. A Steinhoff representative reportedly declined to comment on the matter.
* Sharp Corp. will pay staff their bonuses three times per year, instead of twice a year, in a bid to motivate its employees, the Nikkei Asian Review reported, citing CEO Tai Jeng-wu's announcement. The executive reportedly also announced that Sharp established two new companies to handle internet of things, one for consumers and another for corporate clients.
* Tiffany & Co. confirmed that it will debut in India through a partnership with private equity firm Reliance Brands Ltd., Women's Wear Daily reported, citing a company statement. The jeweler plans to launch its first Indian flagship store in Delhi in late 2019 and another location in Mumbai in 2020, the magazine reported.
LEISURE PRODUCTS AND FACILITIES
* SeaWorld Entertainment Inc. reported net income of $52.7 million for the second quarter of 2019, a 132% jump from $22.7 million in the year-ago period, driven by revenue growth and the company's cost-efficiency initiatives. For the three months to June 30, diluted EPS surged 146.2% to 64 cents, compared with 26 cents in the second quarter of 2018 and beating the S&P Global Market Intelligence consensus normalized EPS estimate of 55 cents.
* Cedar Fair LP's second-quarter 2019 diluted EPS came in at $1.11, versus 34 cents in the same quarter a year ago and topping the S&P Global Market Intelligence consensus GAAP EPS estimate of 84 cents. The amusement park operator said net revenues rose 15% year over year to $436 million.
CASINOS AND GAMING
* Eldorado Resorts Inc.'s second-quarter GAAP diluted EPS was 24 cents, down nearly 50% from 47 cents in the year-ago period and significantly below the S&P Global Market Intelligence consensus normalized EPS estimate 47 cents. Net income slid year over year to $18.9 million from $36.8 million, despite total revenue growing to $637.1 million from $456.8 million a year earlier. CEO Thomas Reeg told analysts during the company's earnings call that Eldorado is considering the sale of one of its casinos in the Las Vegas Strip after the hotel and casino operator completes its purchase of Caesars Entertainment Corp.
* Flutter Entertainment PLC said underlying EPS for half year 2019 slid 15% to £1.48 from £1.74 in the year-ago period, while group revenue jumped 18% year over year to £1.02 billion. The casino operator reported revenue growth across all regions and businesses, except its retail segment, which posted a 4% decline in revenue.
SPECIALIZED CONSUMER SERVICES
* ServiceMaster Global Holdings Inc. posted adjusted EPS of 50 cents for the second quarter of 2019, up from 33 cents in the year-ago period and above the S&P Global Market Intelligence consensus normalized EPS estimate of 47 cents. Revenue rose 8% year over year to $560 million. The company raised its revenue guidance for fiscal 2019 to a range of $2.05 billion to $2.06 billion, with organic revenue growth of 2% to 3% in the Terminix segment.
* Weight Watchers International Inc. further raised its diluted EPS outlook for fiscal 2019 to a range of $1.55 to $1.70, from the previous guidance of between $1.35 and $1.55. Second-quarter diluted EPS declined 22.8% to 78 cents from $1.01 in the year-ago period, beating S&P Global Market Intelligence's consensus normalized EPS estimate of 65 cents, while net revenue slid 9.9% year over year to $369 million.
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The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng rose 0.08% to 25,997.03, while the Nikkei 225 fell 0.33% to 20,516.56.
In Europe, around midday, the FTSE 100 rose 0.91% to 7,236.71, and the Euronext 100 gained 1.40% to 1,037.19.
On the macro front
The EIA petroleum status report and the consumer credit consensus are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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