Financial Results and Upcoming Earnings Results Schedules - Research Report on Michael Kors, Ctrip.com, Home Inns & Hotels Management, Signet, and Zale
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NEW YORK, August 19, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Michael Kors Holdings Ltd. (NYSE: KORS), Ctrip.com International Ltd. (NASDAQ: CTRP), Home Inns & Hotels Management Inc. (NASDAQ: HMIN), Signet Jewelers Limited (NYSE: SIG), and Zale Corporation (NYSE: ZLC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Michael Kors Holdings Ltd. Research Report
On August 6, 2013, Michael Kors Holdings Ltd. (Michael Kors) reported its financial results for Q1 FY 2014 (period ended June 29, 2013). Revenue increased 55.1% YoY to $616.3 million during the quarter. Net income was $125 million, or $0.61 per diluted share, in Q1 FY 2014, compared to net income of $68.6 million, or $0.34 per diluted share, in Q1 FY 2013. Commenting on the results, Chairman and CEO, John D. Idol, said, "Our exceptional first quarter financial results demonstrate the sustained strong demand for the Michael Kors luxury brand. We attribute the ongoing momentum to our fashion design leadership combined with an aspirational jet-set luxury in-store experience. As we continue to successfully execute on our strategic initiatives, we remain excited about our future growth potential." For Q2 FY 2014, the Company expects total revenue to be within $695 million to $705 million, and diluted EPS to be in the range of $0.62 to $0.64. For FY 2014, Michael Kors anticipates total revenue to be within $2.8 billion to $2.9 billion and diluted EPS to be between $2.67 and $2.69. The Full Research Report on Michael Kors Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/07fe_KORS]
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Ctrip.com International Ltd. Research Report
On July 31, 2013, Ctrip.com International Ltd. (Ctrip) reported its Q2 2013 financial results with net revenue rising 27.9% YoY to RMB1.2 billion. Net income attributable to Ctrip's shareholders was RMB210.4 million, or RMB5.88 per diluted share, in Q2 2013, compared to RMB119.7 million or RMB3.26 per diluted share, in Q2 2012. Commenting on the results, Chairman of the Board and CEO of Ctrip, James Liang, said, "Mobile Internet is changing the travel industry rapidly and our mobile strategy builds upon Ctrip's one-stop travel platform that features comprehensive products, industry leading service quality, and competitive prices. Transactions from Ctrip mobile channels tripled year-over-year in the second quarter and contributed to over 20% of hotel booking and approximately 15% of air ticket booking. We are excited to embrace the changes in the travel industry in China and will endeavor to create more value for our business partners and customers in an innovative fashion." Ctrip anticipates Q3 2013 net revenue to increase by approximately 20-25% YoY. The Full Research Report on Ctrip.com International Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f354_CTRP]
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Home Inns & Hotels Management Inc. Research Report
On August 12, 2013, Home Inns & Hotels Management Inc. (Home Inns & Hotels Management) reported its Q2 2013 financial results with total revenue up 10.5 % YoY to RMB1.6 billion. Net income was RMB94.8 million, or RMB0.84 per diluted share, in Q2 2013, compared to net income of RMB36.4 million, or RMB0.37 per diluted share, in Q2 2012. Commenting on the results, Mr. David Sun, CEO of Home Inns & Hotels Management, said, "Navigating through a persistently challenging business environment, the Company maintained steady revenue performance and delivered another quarter of margin expansion year over year. In spite of tough market conditions, Motel 168 hotels continued their trend of performance improvements as a result of solid execution of our integration plans. Our cost control and productivity measures have proven effective in generating sustainable benefits to protect margin. Meanwhile, the gradual increase of revenues from franchise operations will provide a steady support for profitability enhancements going forward." For Q3 2013 and full year 2013, the Company expects revenue to be within RMB 1,735 million to RMB 1,765 million, and RMB 6,350 million to RMB 6,500 million, respectively. The Full Research Report on Home Inns & Hotels Management Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e93e_HMIN]
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Signet Jewelers Limited Research Report
On August 14, 2013, Signet Jewelers Limited (Signet) announced that the Company is scheduled to release its Q2 2013 results on August 29, 2013 at approximately 6:30 a.m. EDT. According to Signet, a conference call will be held on the same day at 8:30 a.m. EDT. The Full Research Report on Signet Jewelers Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5805_SIG]
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Zale Corporation Research Report
On August 13, 2013, Zale Corporation (Zale) announced that the Company will release its Q4 FY 2013 and FY 2013 (period ended July 31, 2013) results before the market opens on August 28, 2013. Zale also informed that its management will also hold a conference call at 9:00 a.m. ET the same day to discuss the financial results. The Company stated that replay of the webcast will be available for 30 days and can be accessed by visiting Zale's website. The Full Research Report on Zale Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8445_ZLC]
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