Quarterly Earnings Releases, Senior Level Appointments, and New Contracts - Analyst Notes on Fossil, PepsiCo, Kate Spade, Coach and Johnson Controls
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NEW YORK, May 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Fossil Group Inc. (NASDAQ: FOSL), PepsiCo Inc. (NYSE: PEP), Kate Spade & Co. (NYSE: KATE), Coach Inc. (NYSE: COH) and Johnson Controls Inc. (NYSE: JCI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2627-100free.
Fossil Group Inc. Analyst Notes
On May 13, 2014, Fossil Group Inc. (Fossil) released its Q1 FY 2014 earnings results (period ended April 5, 2014). The Company reported net sales of $776.5 million, up 14.0% YoY, helped by growth in each of the Company's wholesale segments and direct to consumer segment. Total wholesale segment sales were up 12.8% YoY, while Direct to Consumer sales increased 17.9% YoY. The Q1 FY 2014 net income attributable to Fossil came in at $66.3 million, or $1.22 per diluted share, compared to net income of $72.2 million, or $1.21 per diluted share, in Q1 FY 2013. For Q2 FY 2014, the Company expects net sales growth in the range of 8% - 9.5% and diluted EPS in the range of $0.90 - $0.97; and for full year FY 2014, the Company expects sales growth in the range of 8% - 10% and diluted EPS in the range of $6.90 - $7.30. The full analyst notes on Fossil are available to download free of charge at:
http://www.analystsreview.com/2627-FOSL-19May2014.pdf
PepsiCo Inc. Analyst Notes
On May 12, 2014, PepsiCo Inc. (PepsiCo) announced that it has named Jon Banner as its Executive Vice President, Communications. In his new role, Banner will lead the lead the Company's global communications organization and will report to PepsiCo's Chairman and CEO Indra Nooyi. Prior to his current position, Banner served as the Company's Senior Vice President, Global Communications Strategy and Planning. Commenting on the appointment, Nooyi said, "Since joining PepsiCo, Jon has been pivotal in setting our global communications strategy and he has partnered closely with our brands, business units and leadership team to consistently achieve key business objectives. His deep understanding of our business as well as today's rapidly changing communications landscape will continue to serve PepsiCo well." The full analyst notes on PepsiCo are available to download free of charge at:
http://www.analystsreview.com/2627-PEP-19May2014.pdf
Kate Spade & Co. Analyst Notes
On May 14, 2014, Kate Spade & Co. (Kate Spade) reported that it swung to a profit in Q1 FY 2014 (period ended April 5, 2014), helped by strong growth in sales. Kate Spade stated that its net income during the quarter reached $46.2 million, or $0.37 per diluted share, versus a net loss of $52.2 million, or $0.44 per diluted share, in the year-ago period. The Company reported a 33.5% YoY rise in Q1 FY 2014 net sales to $328.1 million, reflecting robust growth in sales of Kate Spade and Juicy Couture segments, partially offset by a decline in sales of Adelington Design Group segment. The Company has reaffirmed its FY 2014 adjusted EBITDA guidance of $115 million - $125 million. The shares of the Company surged 8.51% to end the day's trading session at $37.60. The full analyst notes on Kate Spade are available to download free of charge at:
http://www.analystsreview.com/2627-KATE-19May2014.pdf
Coach Inc. Analyst Notes
On May 12, 2014, Business Wire reported that Coach Inc. (Coach) has appointed William R. Nuti and David M. Denton to its Board of Directors. Nuti currently serves as the President, Chairman and CEO of NCR Corporation, while Denton serves as Executive Vice President and CFO of CVS Caremark. Commenting on the appointment, Victor Luis, CEO, Coach, said, "We are extremely pleased that Bill Nuti and Dave Denton have agreed to join our Board. As Coach continues to transform into a global modern luxury lifestyle brand, we are confident that their respective business experience, strategic insight and leadership skills will prove particularly valuable to us." The full analyst notes on Coach are available to download free of charge at:
http://www.analystsreview.com/2627-COH-19May2014.pdf
Johnson Controls Inc. Analyst Notes
On May 13, 2014, Johnson Controls Inc. (Johnson Control) announced that the Company has been named as the preferred provider of Cisco modular data centers. The Company informed that it has been chosen by Cisco to provide integrated data center infrastructure and associated services, including modular construction to add IT capacity, cooling or power needs. Johnson Control stated that its modular data centers use innovative techniques to create or update existing data centers, which saves energy with all the IT, security, fire controls and architectural benefits of a stationary data center. "Our relationship with Cisco makes sure that those clouds are supported by reliable and secure data centers that are designed to meet today's needs and easily adapt for the future," said Dave Myers, President, Building Efficiency, Johnson Controls. The full analyst notes on Johnson Controls are available to download free of charge at:
http://www.analystsreview.com/2627-JCI-19May2014.pdf
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