Quarterly Financial Results, Market Activity, New Products, and Extension of Licensing Agreement - Research Reports on Kate Spade, Hillshire Brands, Keurig, Coach and Fossil
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NEW YORK, August 15, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Kate Spade & Company (NYSE: KATE), Hillshire Brands Company (NYSE: HSH), Keurig Green Mountain, Inc. (NASDAQ: GMCR), Coach, Inc. (NYSE: COH) and Fossil Group, Inc. (NASDAQ: FOSL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5762-100free.
Kate Spade & Company Research Reports
On August 12, 2014, shares of Kate Spade & Company (Kate Spade) plunged 25.39% to end the trading session at $29.00 after the Company, in a post-earnings conference call with analysts, said that it expects FY 2014 gross margins to decline. Citing the Company conference call with analysts, Reuters reported that Kate Spade might take longer to meet its goal of 25% adjusted EBITDA margin for the Kate Spade brands and that it may consider pushing the timeframe for achieving the target to 2017 from 2016. The shares in the intraday trade rose to a new 52-week high of $42.87 after the Company reported upbeat earnings for Q2 FY 2014 (period ended July 5, 2014). Net sales for Q2 FY 2014 were $266 million, an increase of 48.7%, YoY and adjusted EPS from continuing operations were $0.05, compared to adjusted loss per share of $0.08 in Q2 FY 2013. The full research reports on Kate Spade are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/KATE/report.pdf
Hillshire Brands Company Research Reports
On August 5, 2014, Hillshire Brands Company (Hillshire Brands) reported that its iconic brand- Hillshire Farm has launched Hillshire Farm NaturalsTM line of lunchmeat, taking its natural goodness to a new level. According to the Company, the new premium quality lunchmeat is free from artificial Ingredients, preservatives or colors, and contains no added nitrites/nitrates. According to Hillshire Brands, Hillshire Farm Naturals is available in four varieties, including Slow Roasted Turkey Breast, Hardwood Smoked Turkey Breast, Honey Roasted Ham, and Black Forest Ham. "Hillshire Farm Naturals follows our tradition of delivering quality lunchtime solutions we know consumers will feel good about serving their family," said Jeff Caswell, Vice President and General Manager, Hillshire Farm brand. "With Hillshire Farm Naturals we are expanding our offerings to provide consumers with another high-quality, fresh-tasting lunchmeat option." The full research reports on Hillshire Brands are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/HSH/report.pdf
Keurig Green Mountain, Inc. Research Reports
On August 6, 2014, Keurig Green Mountain, Inc. (Keurig) reported Q3 FY 2014 (period ended June 28, 2014), earnings, which topped analysts' estimates. Adjusted diluted EPS for the quarter were 99 cents, which surpassed the Zacks consensus estimate of 87 cents, and was at the higher end of the Company's guidance range of 83 - 88 cents. Brian Kelley, Keurig's President and CEO, said, "We delivered net sales of approximately $1 billion for the quarter, driven by 9 percent currency-neutral growth of our core single serve business." For FY 2014, the Company raised non-GAAP diluted EPS to a range of $3.71 to $3.78 from $3.63 to $3.73 and reaffirmed its commitment to increase FY 2014 net sales in the high single digits, over last year. Keurig's Board also declared a dividend of $0.25 per share of the Company's common stock, payable on October 31, 2014 to shareholders of record as of October 3, 2014. The full research reports on Keurig are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/GMCR/report.pdf
Coach, Inc. Research Reports
On August 12, 2014, shares of Coach, Inc. declined 0.55% from its previous day's close to end the trading session at $35.98. The stock opened the trading session at $36.09, touched an intraday high of $36.75 and an intraday low of $35.78. A total of 4.31 million shares were traded, lower than the 30-day average trading volume of 5.80 million shares. The stock is trading near its 52-week low of $33.39. Over the past one-month, the stock has returned 5.05%, outperforming the NYSE Composite which fell 2.11% during the same time period. The full research reports on Coach are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/COH/report.pdf
Fossil Group, Inc. Research Reports
On August 12, 2014, Fossil Group, Inc. (Fossil) announced that it has extended a global watch licensing agreement with Giorgio Armani S.p.A through 2023. Commenting on the deal extension, Kosta Kartsotis, CEO of Fossil, said, "We are very proud of our longstanding history with the Armani Group and extremely pleased to extend our partnership for another 10 years. Our history with the Armani Group runs deep and this global licensing agreement will allow us to continue to leverage our strengths in design, innovation, production and global distribution to further grow the Armani brand and extensive line of timepieces." The agreement was initially signed in 1997 to design, develop and distribute watches under the Emporio Armani label. The full research reports on Fossil are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/FOSL/report.pdf
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