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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Adobe Inc.    ADBE

ADOBE INC.

(ADBE)
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Thanksgiving weekend sees 44% more online-only shoppers: NRF

12/01/2020 | 12:32pm EST
FILE PHOTO: An Amazon worker delivers packages

(Reuters) - The number of online-only shoppers jumped 44% during the Thanksgiving holiday weekend in the United States to 95.7 million, the National Retail Federation said on Tuesday, even as the overall number of shoppers dropped.

The COVID-19 pandemic has led to a surge in online demand as people avoid going out to shop. To meet the rush, retail chains have been investing heavily in e-commerce and delivery services, such as curbside pickup.

Still the NRF's survey, conducted by research firm Prosper Insights & Analytics, showed only 186.4 million people made purchases between Thanksgiving Day and Cyber Monday, down from 189.6 million last year.

The number of in-store shoppers more than halved from a year earlier on Thanksgiving Day, while that on Black Friday dropped by 37%, the NRF said. It added people spent less on holiday-related purchases such as gifts or decorations over the five-day period.

Adobe Digital Insights, meanwhile, cut its estimates for U.S. online holiday sales to $184 billion, implying a 30% increase compared to its previous forecast of a 33% jump.

However, NRF stuck to its overall holiday season sales forecast of a 3.6% to 5.2% jump from a year earlier.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2020
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Financials (USD)
Sales 2021 15 192 M - -
Net income 2021 4 172 M - -
Net cash 2021 3 146 M - -
P/E ratio 2021 52,8x
Yield 2021 -
Capitalization 219 B 219 B -
EV / Sales 2021 14,2x
EV / Sales 2022 12,3x
Nbr of Employees 22 516
Free-Float 79,5%
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Technical analysis trends ADOBE INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 553,79 $
Last Close Price 458,08 $
Spread / Highest target 32,1%
Spread / Average Target 20,9%
Spread / Lowest Target -10,5%
EPS Revisions
Managers and Directors
NameTitle
Shantanu Narayen Chairman, President & Chief Executive Officer
John Francis Murphy Chief Financial Officer & Executive Vice President
Abhay Parasnis Chief Technology & Product Officer
Cynthia A. Stoddard Chief Information Officer & Senior Vice President
John E. Warnock Independent Director
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