Why Were Ralph Lauren’s Retail Sales Pressured in Fiscal 1Q17?
Ralph Lauren reported a decline of 6% in global e-commerce revenues. This is unlike the general trend that has been noticed among the apparel and fashion companies.
On August 2, Fossil was trading at a PE multiple of 12.9x. Fossil’s valuation multiple has fallen by 9% since the announcement of its 1Q16 results.
Fossil’s (FOSL) margins have been in a declining trend during recent quarters.
Fossil’s adjusted earnings per share have beaten the consensus estimates six times in the last nine quarters.
Wall Street analysts expect affordable luxury brand Coach to grow its adjusted earnings per share by $0.05 year-over-year to $0.41 in fiscal 3Q16.
Coach expects its overall sales to rise at a high single-digit pace, spurred by the outperformance of footwear brand Stuart Weitzman.
Coach (COH) made $2.3 billion in sales in fiscal 1H16. Sales rose 2% year-over-year (or YoY) in reported terms and 5.1% in currency-neutral terms.
Affordable luxury pioneer Coach is slated to declare its earnings for fiscal 3Q16 on April 26, 2016. Coach has a market capitalization of $11.1 billion.
Fossil Group (FOSL) reported its earnings for 4Q15, surprising Wall Street when it reported its adjusted EPS as 20.7% higher than the consensus estimate.
Coach (COH) has left its revenue and operating margin guidance unchanged for fiscal 2016.
Stuart Weitzman’s results were one of the brightest spots in Coach’s (COH) fiscal 2Q16 earnings release.
Coach (COH) reported positive same-store sales in Mainland China during 2Q16, though headwinds in Hong Kong and Macau remained.
Sales trends for luxury brands may continue to grow in Europe due to monetary expansion and the weak euro.
Coach’s (COH) performance in North America remained pressured in the quarter, with sales declining 7% in reported terms to $731 million.
Coach’s sales performance was helped by its inclusion of results for premium footwear brand Stuart Weitzman.
Affordable luxury pioneer Coach (COH) reported fiscal 2Q16 results on Tuesday, January 26, before the market opened.
Coach (COH) is scheduled to report earnings for fiscal 2Q16 on January 26. Wall Street analysts project sales of ~$1.3 billion, an implied growth rate of 4.6% over fiscal 2Q15.
At the end of 1Q16, Coach’s (COH) management provided guidance for fiscal 2016. The company’s guidance has been unchanged from what was provided to investors during the fiscal 2015 earnings call in July 2015.
Coach incurred charges of $12.6 million related to its transformation plan in 1Q16. To date, the total spent on the plan comes to ~$290 million out of an estimated $325 million in total.
According to Coach, its revamped retail stores in North America were experiencing positive comps. Further, same-store sales in Europe grew at a double-digit pace.