Earnings Releases, New Store Openings, and Upcoming Events - Analyst Notes on Vipshop, Whole Foods Market, JCPenney, Macy's and Signet Jewelers
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NEW YORK, May 20, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Vipshop Holdings Limited (NYSE: VIPS), Whole Foods Market, Inc. (NASDAQ: WFM), J. C. Penney Company, Inc. (NYSE: JCP), Macy's, Inc. (NYSE: M) and Signet Jewelers Limited (NYSE: SIG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2686-100free.
Vipshop Holdings Limited Analyst Notes
On May 14, 2014, Vipshop Holdings Limited (Vipshop) released its Q1 2014 financial results and surprised the street with better-than-expected growth in net income, aided by over two-fold increase in revenues. The Company stated that its net income was $26.6 million, or $0.46 per diluted ADS, compared to $5.8 million, or $0.11 per diluted ADS, in Q1 2013. On an adjusted basis, the net income per diluted ADS increased to $0.63 from $0.17 in Q1 2013. On average, analysts polled by Reuters expected the Company to report adjusted earnings of $0.48 per ADS. Total revenues jumped to $701.9 million from $310.7 million in Q1 2013, helped by strong growth in active customers and total orders. The Company also surprised with its Q2 2014 revenue guidance of $780 million - $790 million, which beats the $688.3 million estimate from Reuters' analysts. The stock rallied 9.64% to $164.46 on May 15, 2014. The full analyst notes on Vipshop are available to download free of charge at:
http://www.analystsreview.com/2686-VIPS-20May2014.pdf
Whole Foods Market, Inc. Analyst Notes
On May 14, 2014, Whole Foods Market, Inc. (Whole Foods Market) announced the opening of a new 28,000 square foot store in Hyannis, Massachusetts. The location is the first Whole Foods Market on Cape Cod. Commenting on the development, Store Team Leader, Dianne Dickson said, "We've created a community market that we feel truly reflects all of the best attributes of Cape Cod, from the products to the décor." The Company informed that along with produce, meat, seafood, grocery and whole body departments, its new store features a chef-run prepared foods department that offers hot and cold salad bars along with made-to-order sandwiches served on local Pain D'Avignon bread, lobster rolls, hot dogs, burritos and pizza. The full analyst notes on Whole Foods Market are available to download free of charge at:
http://www.analystsreview.com/2686-WFM-20May2014.pdf
J. C. Penney Company, Inc. Analyst Notes
On May 15, 2014, J. C. Penney Company, Inc. (JCPenny) released its financial results for Q1 FY 2014 (period ended May 3, 2014). The Company's net sales during the quarter increased 6.3% YoY to $2.8 billion. Continuing the growth for second consecutive quarter, JCPenny's comparable same store sales rose 6.2% in Q1 FY 2014 versus a decline of 16.6% in the year-ago period. JCPenny said its net loss during the quarter increased to $352 million, or $1.15 per share, from $348 million, or $1.58 per share, in Q1 FY 2013. On an adjusted basis, the Company's net loss for Q1 FY 2014 stood at $1.16 per share. On average, analysts polled by Thomson Reuters expected the Company to report an adjusted net loss of $1.25 per share on revenue of $2.7 billion. Looking ahead in Q2 FY 2014, the Company expects its comparable store sales to increase mid-single digits. The full analyst notes on JCPenney are available to download free of charge at:
http://www.analystsreview.com/2686-JCP-20May2014.pdf
Macy's, Inc. Analyst Notes
On May 14, 2014, Macy's, Inc. (Macy's) released its financial results for Q1 FY 2014 (period ended May 3, 2014). Hit by the winter weather, the Company's net sales during the quarter fell 1.7% YoY to $6.3 billion. On a comparable sales basis, Macy's Q1 FY 2014 sales were down 1.6% YoY. The net income of Macy's increased to $224 million, or $0.60 per diluted share, from $217 million, or $0.55 per diluted share, in Q1 FY 2013. Commenting on the performance, Macy's Chairman and CEO Terry J. Lundgren said, "Overall, business trends were soft in January through March, with the exception of the Valentine's Day shopping period. The trend improved in April when the weather began to turn in northern climate zones." The Company continues to expect comparable sales growth in FY 2014 in the range of 2.5% to 3% and EPS in the range of $4.40 to $4.50. The full analyst notes on Macy's are available to download free of charge at:
http://www.analystsreview.com/2686-M-20May2014.pdf
Signet Jewelers Limited Analyst Notes
Signet Jewelers Limited (Signet Jewelers) posted on the Events Details of the Company website that it will hold its annual shareholder meeting on June 13, 2014. Additionally, Signet Jewelers will announce its Q1 FY 2015 financial results for the 13 weeks ended May 3, 2014 at approximately 4:00 p.m. ET on May 27, 2014. On that date, the Company will also host a conference call at 4:30 p.m. ET (9:30 p.m. BST) to discuss the results and financial outlook. Signet Jewelers is a specialty retail jeweler by sales in the U.S. and U.K., and also has stores in the Republic of Ireland and Channel Islands. The full analyst notes on Signet Jewelers are available to download free of charge at:
http://www.analystsreview.com/2686-SIG-20May2014.pdf
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