A Look at the Latest Occurrences in Consumer Services Sector: New Research on Foot Locker, Gap, Genesco, Hanesbrands, and L Brands
NEW YORK, February 24, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Foot Locker (NYSE: FL), Gap (NYSE: GPS), Genesco (NYSE: GCO), Hanesbrands (NYSE: HBI), and L Brands (NYSE: LB). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
FL Research Report: ( http://get.analystsreview.com/pdf/?c=Foot%20Locker&d=24-Feb-2015&s=FL ),
GPS Research Report: ( http://get.analystsreview.com/pdf/?c=Gap&d=24-Feb-2015&s=GPS ),
GCO Research Report: ( http://get.analystsreview.com/pdf/?c=Genesco&d=24-Feb-2015&s=GCO ),
HBI Research Report: ( http://get.analystsreview.com/pdf/?c=Hanesbrands&d=24-Feb-2015&s=HBI ),
LB Research Report: ( http://get.analystsreview.com/pdf/?c=L%20Brands&d=24-Feb-2015&s=LB ).
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Analyst Update: Upcoming Events, Financial Results and Sales Update
Reviewed by: Rohit Tuli, CFA®
U.S. stock markets witnessed a mixed trend on Monday, as the indices pulled back from records reached last week. The Dow Jones Industrial Average fell 23.6 points, or 0.1%, to 18116.84. The S&P 500 lost 0.64 point to 2109.66, while the Nasdaq Composite added 5.01 points, or 0.1%, to 4960.97. Falling oil prices and disappointing data on US existing home sales weighed upon the markets. However, European stocks rallied after Greek creditors agreed to extend the nation's bailout funds. The Stoxx Europe 600 Index added 0.7% to 385.08 at the close in London. Asian markets were mostly up on Monday, buoyed by a bailout deal between Greece and the euro zone last week. Japan's key Nikkei 225 index jumped 0.7% and Australia's benchmark S&P ASX 200 index gained 0.5%. Trading volumes remained light with China, Taiwan and Vietnam still closed for the Chinese New Year holiday.
Foot Locker, Inc. (Foot Locker) will host an investor meeting to discuss its strategic priorities and growth initiatives to reach new financial objectives on March 16, 2015. The New York-based specialty athletic retailer's recent commercial features NBA Star Kyrie Irving and his signature Nike shoe, the KYRIE 1, alongside actor and rapper, Ice-T.
Gap, Inc.'s (Gap) net sales for fourth quarter of fiscal year 2014 increased 3% YoY to $4.71 billion, while the same for the month of January 2015 fell to $888 million from $899 million from the same period prior year. The Company also reported revised full-year 2014 earnings guidance.
Genesco Inc.'s (Genesco) comparable sales for the quarter-to-date period ended January 3, 2015 increased 10% from the equivalent period last year. The aforesaid comparable sales include - stores and direct sales that increased 9% and 25%, respectively, on a comparable basis for the period. Genesco plans to announce its FY 2015 results on March 12, 2015 and expects adjusted earnings per share in the range of $4.75 to $4.85 for the fiscal.
HanesBrands Inc (HanesBrands) reported record Q4 2014 and full year 2014 (period ended January 3, 2015) results, driven by superb supply chain manufacturing performance, benefits from the acquisitions of Maidenform Brands Inc. and DBApparel, and continued strong contributions from Innovate-to-Elevate product platforms. Adjusted earnings topped consensus estimates.
L Brands, Inc. (L Brands) net sales for the month of January 2015 increased 7.1% YoY to $783.1 million, and net sales for Q4 2014 increased 6.6% YoY to $4.1 billion. Comparable store sales for the four weeks and fourth quarter (period ended January 31, 2015) increased 7%, and 6%, respectively.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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