Financial Results, Appointments and Dividend Authorizations - Analyst Notes on Ralph Lauren, Carter's, Kate Spade, Perry Ellis and Quiksilver
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 27, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Ralph Lauren Corporation (NYSE: RL), Carter's, Inc. (NYSE: CRI), Kate Spade & Company (NYSE: KATE), Perry Ellis International Inc. (NASDAQ: PERY) and Quiksilver Inc. (NYSE: ZQK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2959-100free.
Ralph Lauren Corporation Analyst Notes
On May 9, 2014, Ralph Lauren Corp. (Ralph Lauren) reported its Q4 FY 2014 and full-year FY 2014 financial results (period ended March 29, 2014). For the quarter, the Company reported net revenue growth of 13.6% YoY to $1.9 billion. Net income stood at $153.0 million or $1.68 per diluted ,versus $127.0 million or $1.37 per diluted share in Q4 FY 2013. For full year FY 2014, net revenues grew 7.3% YoY to $7.4 billion while diluted EPS grew 5.4% YoY to $8.43. Jacki Nemerov, President and Chief Operating Officer of Ralph Lauren, said, "Our better-than-expected operating results were supported by the investments we've made over the last several years. We will continue to invest for the future during Fiscal 2015, as we believe the returns on our investments will support significant shareholder value creation as we make important progress on our core growth objectives." For full-year FY 2015, the Company expects consolidated net revenue growth of 6% to 8% YoY. The full analyst notes on Ralph Lauren are available to download free of charge at:
http://www.analystsreview.com/2959-RL-27May2014.pdf
Carter's, Inc. Analyst Notes
On May 14, 2014, Carter's, Inc. announced that its Board of Directors has authorized and declared a quarterly dividend of $0.19 per share. The Company informed that the dividend is payable on June 12, 2014, to shareholders of record at the close of the business on May 29, 2014. The full analyst notes on Carter's are available to download free of charge at:
http://www.analystsreview.com/2959-CRI-27May2014.pdf
Kate Spade & Company Analyst Notes
On May 14, 2014, Kate Spade & Company (Kate Spade) reported its Q1 FY 2014 (period ended April 5, 2014) financial results with net sales of $328.1 million versus $245.7 million in Q1 FY 2013. Loss from continuing operations were $54.7 million, or $0.44 per diluted share, compared to $39.6 million, or $0.33 per diluted share in Q1 FY 2013. George Carrara, President and Chief Operating Officer of Kate Spade, said, "Earlier this week, we completed a refinancing of our High Yield Notes, which will achieve an expected reduction of annualized cash interest expense in excess of$20 million, extend the maturity of our debt, provide greater flexibility for early repayment and provide Kate Spade & Company with ample liquidity to fund our growth strategies. Further, we also continue to manage the wind-down of the Juicy Couture business, which remains on plan. We are pleased with our financial results and the progress of operating initiatives that support our long-term growth goals." The full analyst notes on Kate Spade are available to download free of charge at:
http://www.analystsreview.com/2959-KATE-27May2014.pdf
Perry Ellis International Inc. Analyst Notes
On May 22, 2014, Perry Ellis International Inc. (Perry Ellis) reported its Q1 FY 2015 (period ended May 3, 2014) financial results. Total revenues stood at $257.3 million, down 1.9% YoY. Net income registered at $7.8 million or $0.52 per diluted share, versus $11.3 million or $0.74 per diluted share in Q1 FY 2014.George Feldenkreis, Chairman and CEO of Perry, stated, "We are quite pleased with the positive momentum in our businesses. We expect our expenses to continue to downtrend versus prior year over the next several quarters. I believe that we have made solid progress in our international expansion both through our direct operations in Canada, Mexico and Europe as well as in new licensing relationships around the globe. Together with our partners, we are opening new doors and stores, which we expect will drive business and brands going forward." The Company anticipates full-year FY 2015 revenues to be in the range of $910 to $920 million. The full analyst notes on Perry Ellis are available to download free of charge at:
http://www.analystsreview.com/2959-PERY-27May2014.pdf
Quiksilver Inc. Analyst Notes
On May 13, 2014, Quiksilver, Inc. (Quiksilver) announced the appointment of Bernd Beetz to the Company's Board of Directors, with immediate effect. The Company informed that prior to his new role Mr. Beetz, served as CEO of Coty Inc. and during his 11-year tenure at Coty Inc; he grew revenues from $1.3 billion to $4.7 billion. "Bernd brings a strong brand marketing background, combined with exceptional strategic and operational expertise, especially in the areas of acquisitions and licensing," said Andy Mooney, President and CEO of Quiksilver, Inc. "His global perspective and deep experience with some of the most recognized and respected consumer products companies in the world will be enormously helpful as we continue to strengthen and broaden our three flagship brands." The full analyst notes on Quiksilver are available to download free of charge at:
http://www.analystsreview.com/2959-ZQK-27May2014.pdf
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
EDITOR'S NOTES:
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
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.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article