Third Quarter Earnings - Research Reports on Carter's, Skechers, Dana, Coca-Cola and Autoliv
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NEW YORK, October 28, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Carter's, Inc. (NYSE: CRI), Skechers USA Inc. (NYSE: SKX), Dana Holding Corporation (NYSE: DAN), Coca-Cola Enterprises Inc. (NYSE: CCE) and Autoliv, Inc. (NYSE: ALV). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7493-100free.
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Carter's, Inc. Research Reports
On October 23, 2014, Carter's, Inc. (Carter's) reported its Q3 FY 2014 earnings (period ended September 27, 2014). The net sales for the quarter were reported as $798.9 million; up 5.1% YoY. Carter's retail segment sales segment contributed 35.2% to the total sales as compared to 33.0% contribution in Q3 FY 2013; the increase was driven by incremental sales of $23.9 million generated by new retail store openings and an eCommerce sales increase of $12.0 million. The International segment sales increased to $91.2 million, up 8.5% YoY, indicating growth in the Company's wholesale, eCommerce, and Canadian retail store businesses. Diluted EPS was $1.23, up 26.8% YoY in Q3 FY 2014. For Q4 FY 2014, the Company forecasts c.10% to 12% increase in the net sales and c.20% to c.25% in adjusted diluted EPS over Q4 FY 2013. For FY 2014, the Company anticipates net sales to increase c. 8% to 10% and adjusted diluted EPS to increase c.14% to 16% over FY 2013. The full research reports on Carter's are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/CRI/report.pdf
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Skechers USA Inc. Research Reports
On October 22, 2014, Skechers USA Inc. (Skechers) announced its financial results for Q3 2014. The net sales for the quarter were reported as $674.3 million, up 30.7% YoY and net earnings came in at $51.1 million, up 90.4% YoY. Gross profit for the third quarter 2014 was $304.5 million or 45.2% of net sales, compared to $230.5 million or 44.7% of net sales in Q3 2013. David Weinberg, Chief Operating Officer and CFO, said, "With product and marketing initiatives that continue to resonate with our consumers worldwide, we achieved a 30.7 percent net sales increase over the third quarter last year, and the highest quarterly revenues in the Company's 22-year history." The full research reports on Skechers are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/SKX/report.pdf
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Dana Holding Corporation Research Reports
On October 23, 2014, Dana Holding Corporation (Dana) announced its Q3 2014 financial and operating results. For Q3 2014, sales came below the consensus forecast of $1.67 billion and were reported at $1.64 billion, down 1.9% YoY due to influences of weaker currencies, primarily in South America, which reduced sales by $35 million in the quarter. The net income for the quarter attributable to the parent company was $90 million, up 32.4% YoY primarily led by lower intangibles amortization, pension expense, and restructuring charges. Diluted adjusted earnings per share (EPS) were $0.57, compared with $0.47 in the third quarter of 2013. The Company expects its full year sales to reach c.$6.7 billion and forecasts diluted EPS to be in the range of c.$1.93 to $1.96, excluding the impact of share repurchases after September 30, 2014. The full research reports on Dana are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/DAN/report.pdf
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Coca-Cola Enterprises Inc. Research Reports
On October 23, 2014, Coca-Cola Enterprises Inc. (Coca-Cola) reported its Q3 FY 2014 results (period ended September 26, 2014). For the quarter net sales were reported as $2.1 billion, down 1.7% YoY and the net income was $238 million, down 17.6% YoY. "We continue to face operating challenges, including sustained macroeconomic softness, a difficult retail environment, and poor weather early in the quarter," said John F. Brock, Chairman and CEO at Coca-Cola. Based on continuing challenging macroeconomic, customer, and consumer conditions, the Company expects net sales for FY 2014 to be basically flat and operating income is anticipated to grow in a low single-digit range. Coca-Cola projects free cash flow of c.$650 million for FY 2014. The full research reports on Coca-Cola are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/CCE/report.pdf
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Autoliv, Inc. Research Reports
On October 23, 2014, Autoliv, Inc. (Autoliv) announced its financial results for Q3 2014. The net sales for the quarter were $2.2 billion, up 4.2% YoY. Excluding negative currency effect of $9 million the organic sales growth of the Company was close to 5%, lower than an expected organic sales growth of "around 6% due to unfavorable vehicle mix and lower overall production in the Chinese market. In terms of sales by product - airbag products contributed 64.2% to the entire sales of the Company, led by high growth for inflatable curtains, knee airbags, steering wheels and safety electronics. The Company expects organic sales to increase c.2% in Q4 2014 and c.5.5% in 2014. The full research reports on Autoliv are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/ALV/report.pdf
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