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Company & Industry OverviewsConsumer Post-Earnings Coverage for November 6–10, 2017
Nordstrom (JWN) announced its fiscal 3Q17 results on November 9, 2017, after the market closed. Revenue rose 2.5% to $3.6 billion YoY (year-over-year), which was 1.4% higher than the estimate.
ConsumerStrong International Markets, D2C Channel Drive VFC’s 3Q17 Top Line
VF Corporation (VFC) posted total sales of $3.5 billion during 3Q17.
ConsumerWhy 82% of Wall Street Recommends Holding Ralph Lauren
The New York–based Ralph (RL) is covered by 22 Wall Street analysts. The company is rated a 3.0 with 82% “hold,” 9% “buy,” and 9% “sell” recommendations.
Company & Industry OverviewsKey Dates for Consumer Stocks: September 18–22, 2017
On September 12, Independent Research cut the target price for Altria Group (MO) to $68 from $70 with a “hold” rating.
Company & Industry OverviewsKey Consumer Sector Insights for August 14–18, 2017
The consumer discretionary and retail sectors’ rough performances continued last week. The consumer discretionary sector suffered after Foot Locker (FL) and Coach (COH) stock took hard falls.
ConsumerWhy Coach Stock Just Plunged 15%
Coach’s (COH) stock price crashed after it reported its fiscal 4Q17 results on August 15, falling 15% on guidance that fell short of Wall Street expectations.
Earnings ReportInside Coach’s International Business, Stuart Weitzman’s Fiscal 4Q17 Performance
Coach’s (COH) international business accounted for 39% of its 4Q17 top line. Sales fell 1.7% YoY (year-over-year) to $442 million.
Earnings ReportInside Coach’s Fiscal 4Q17 Top-Line Performance
For fiscal 4Q17, Coach (COH) reported total revenues of $1.13 billion, which is 1.8% lower than its revenues in fiscal 4Q16.
ConsumerCoach’s 4Q17 Earnings Overview: Earnings, Revenue, and Stock Reaction
Coach reported adjusted diluted earnings of $0.50 per share, beating the Wall Street average profit estimate by $0.01.
ConsumerWhat Wall Street Thinks of PVH Corp Now
PVH’s YTD gains have outperformed Hanesbrands’ (HBI) 11%, VF Corporation’s (VFC) 15.5%, Michael Kors’s (KORS) 4%, and Ralph Lauren’s (RL) -7.2% gains.
ConsumerHow Will PVH Corp’s Earnings Shape up in 2Q17?
In 1Q17, PVH reported a 10% YoY (year-over-year) increase in its EPS (earnings per share), driven mainly by a business beat.
ConsumerDespite Currency Headwinds, PVH Delivers Better Growth than Peers
PVH Corporation’s (PVH) top line is predicted to grow 4.9% YoY (year-over-year) in 2Q17.
ConsumerEarnings Beat Supports Ralph Lauren’s Plunging Stock Price
Ralph Lauren’s (RL) stock price soared 13% after the company reported better-than-anticipated top and bottom lines on Tuesday, August 8.
ConsumerWhat Drove Ralph Lauren’s Top Line Down in Fiscal 1Q18?
Ralph Lauren (RL) reported total revenues of $1.35 billion in 1Q18, down 13% as compared to the same period last year.
ConsumerMichael Kors Beats 1Q18 Expectations, Raises Guidance
For fiscal 1Q18, Kors’s EPS came in at $0.90, or $0.28 higher than the estimate. Its revenue fell 3.6% YoY to $952 million but still beat the consensus estimate.
Earnings ReportKORS versus COH: Comparing Wall Street Valuations
Unimpressive financial performance has taken a toll on Michael Kors’ (KORS) stock market performance. Its shares have tumbled more than 15% to date.
Earnings ReportA Look at Michael Kors’ Earnings Expectations and Valuations
As we discussed, Michael Kors (KORS) is slated to report its first-quarter results on August 8. Management has guided for $0.60 to $0.64 in earnings per share.
Earnings ReportAfter a Tough 2017, Michael Kors Could Face a Difficult 2018
Fiscal 2017 was a tough year for Michael Kors (KORS). The company posted a year-over-year (or YoY) sales decline in all four quarters.
Consumer1Q18: Will Michael Kors Post another Weak Quarter?
Michael Kors Holdings Limited (KORS) is slated to report its 1Q18) earnings results on Tuesday, August 8. Here’s what you need to know.
MiscellaneousWhy Michael Kors Had Designs on Jimmy Choo
Why Michael Kors acquired Jimmy Choo Michael Kors (KORS) is a leading luxury handbag and accessories maker in the United States. The company has recorded TTM (trailing-12-month) sales of $4.5 billion. Close competitor Coach (COH) has TTM sales of $4.5 billion. Both companies belong to the affordable luxury space, which has been facing falling sales and contracting margins […]
MiscellaneousMichael Kors Acquires Jimmy Choo for $1.2 Billion
On July 25, Michael Kors (KORS) announced that it has entered into a definitive agreement to acquire Jimmy Choo (CHOO) for $1.2 billion. Let’s look at what Michael Kors could gain from the acquisition.
ConsumerVF Corporation Beats Top-Line Expectations after 7 Weak Quarters
In 2Q17, VF Corporation (VFC) reported sales of $2.4 billion. Sales from continuing operations rose 2.0% on a reported basis.
MiscellaneousCoach Is Trading at the Upper End of Its Valuations
Coach’s one-year forward earnings multiple surged to 20.7x versus a three-year average of 18.3x.
MiscellaneousCoach Receives 78% ‘Buy’ Ratings from Wall Street Analysts
Of the analysts that cover Coach (COH), 78% recommend a “buy” on the stock, 25% recommend holding it, and 3% suggest selling it.
Company & Industry OverviewsCoach’s Comeback Story and Strategy Change
Coach pulled out of 250 department stores in the US during its last reported quarter, reducing the department store count by ~25% in 2017.
MiscellaneousCoach Is This Year’s Showstopper among Apparel Stocks
Coach (COH), one of America’s leading handbag designers and sellers, has risen 35% year-to-date. Coach recently announced the acquisition of rival Kate Spade (KATE) for $2.4 billion.
Earnings ReportKORS Issues Disappointing Guidance after Weak Fiscal 4Q17 Results
For fiscal 1Q18, Michael Kors’ (KORS) management is looking for EPS of $0.60–$0.64 on total sales in the range of $910 million–$930 million.
Earnings ReportMichael Kors Stock Slides after Its Fiscal 4Q17 Results
Michael Kors (KORS) has a strong cash flow position. The company ended fiscal 4Q17 with cash and cash equivalents of $228 million and net debt of -$95 million.
Earnings ReportMichael Kors Challenged in Retail and Wholesale Sales in Fiscal 2017
Michael Kors (KORS) reported an 11.2% year-over-year decline in its fiscal 4Q17 sales to $1.2 billion, beating Wall Street by ~$10 million. For fiscal 2017, KORS’ total sales fell 4.6% to ~$4.5 billion.
Earnings ReportKORS Beats on Earnings and Revenues, Lowers Guidance for Fiscal 1Q18
Michael Kors (KORS) reported fiscal 4Q17 EPS of $0.73, $0.03 higher than analyst estimates. KORS’ revenues fell 11.7% year-over-year to ~$1.1 billion, beating the consensus by $10.0 million.
Earnings ReportGap Stock Offers Solid Dividend Yields
Gap (GPS) has paid dividends and repurchased its shares regularly, supported primarily by its solid cash balance.
Earnings ReportPVH Corp Has Performed Well in 2017
While PVH Corp has done better than most peers in the stock market, the dividend yield offered by its stock is among the lowest in the industry.
MiscellaneousCoach Is Set to Buy Kate Spade for $2.4 Billion
Coach (COH), America’s leading luxury handbag and accessories maker, is buying Kate Spade (KATE) for a total transaction value of $2.4 billion.
Earnings ReportUnderstanding Coach’s Stock Jump after Its Latest Earnings Beat
Coach’s (COH) stock price rose 11.4% to $43.15 after it reported its results on May 2. The company is currently sitting on a YTD profit of 23%.
Earnings ReportWhat Drove Coach’s Fiscal 3Q17 Earnings?
Coach (COH) reported a 5% YoY rise in its EPS for fiscal 3Q17, registering $0.46 per share.
Earnings ReportInside Coach International’s and Stuart Weitzman’s Fiscal 3Q17 Performances
Coach’s (COH) International business, which accounted for 43% of its top line in 3Q17, recorded a 4% YoY (year-over-year) fall in sales to $448 million.
Earnings ReportInside Coach’s Key Sales Drivers in North America in Fiscal 3Q17
The Coach brand’s North America sales, which accounted for 48% of the company’s top line, fell 5% YoY to $474 million.
Earnings ReportCoach’s 3Q17 Earnings Story: Earnings Beat, Revenue Miss
For fiscal 3Q17, Coach reported earnings of $0.46 per share, beating the Wall Street analyst average estimates by $0.02.
MiscellaneousWhy Did Kate Spade Stock Plunge 15% on April 4?
Kate Spade’s (KATE) share price tanked 14.6% on Tuesday, April 4, as Reuters reported Monday evening that the handbag manufacturer had sought more time from Coach (COH) to consider its buyout offer.
MiscellaneousWhy PVH Corp Stock Just Jumped 8.5%
After PVH Corp (PVH) reported solid 4Q16 results on March 22, beating the consensus estimates, the stock jumped 8.5% and closed at $98.55 on March 23.
MiscellaneousWhy PVH Corp Stock Has Outperformed Peers
PVH Corp (PVH) delivered an above-average performance in the stock market during 2016, recording gains of 23%.
Earnings ReportKATE’s 4Q16 Profitability Improves on Better Cost Controls
KATE’s strict cost-control measures resulted in a 390-basis-point fall in its selling, general, and administrative rate, which fell to 39.1% of its sales in 4Q16 from 43.0% in 4Q15.
Earnings ReportRobust Online Sales Boost Kate Spade’s 4Q16 Top Line
Kate Spade New York (KATE) reported a 10% rise in its 4Q16 sales to $471 million. Its 4Q16 comps stood at 9.3%, compared to 3Q16’s 7% and 2Q16’s 4% comps growth.
MiscellaneousKATE Stock Jumps 15% as It Confirms Strategic Alternatives
Kate Spade New York’s stock price made big strides yesterday after the company confirmed that it was reviewing strategic alternatives while reporting its 4Q16 results.
Earnings ReportKate Spade Beats Earnings, Confirms Strategic Review
New York–based Kate Spade (KATE) reported its 4Q16 results on February 16, 2017. The company’s earnings per share stood at $0.41.
MiscellaneousHow Gap Stock Has Performed
Weak same-store sales and a poor bottom-line performance have affected Gap’s stock market returns over the last two years.
Earnings ReportVF Corp. Stock Offers a Better Dividend Yield than Most Peers
After delivering a 14% decline in the stock market in 2016, VF Corporation’s (VFC) stock price has already fallen 5.7% during 2017 through February 10.
Company & Industry OverviewsUnder Armour’s Bonds Downgraded to Junk Status by S&P Global Ratings
S&P Global Ratings lowered the credit rating of Under Armour (UAA) stock to junk status after the company reported weak 4Q16 results and a gloomy sales outlook. The rating on UAA’s bonds dropped from BBB- to BB+.
MiscellaneousRalph Lauren Touches 6-Year Low on CEO Surprise
RL is currently trading 48% below its 52-week-high price and has fallen 15% YTD.
Earnings ReportInside Ralph Lauren’s Fiscal 3Q17 Results
RL delivered better-than-expected earnings and in-line revenues, but its EPS fell 18% YoY to $1.86.
Company & Industry OverviewsTelsey Downgraded Kate Spade & Company to ‘Market Perform’
On January 25, 2017, Telsey downgraded Kate Spade’s rating to “market perform” from “outperform.” It reported fiscal 3Q16 net sales of $316.5 million.
Company & Industry OverviewsCoach: CLSA and Atlantic Equities Downgraded Its Rating
On January 25, 2017, CLSA downgraded Coach’s rating to “outperform” from “buy.” Atlantic Equities downgraded Coach’s rating to “neutral” from “overweight.”
Company & Industry OverviewsWho Were the Outliers in the Consumer Space on January 25?
On January 25, 2017, the S&P 500 slightly outperformed the S&P Consumer Staples and the S&P Consumer Discretionary as a whole.
Company & Industry OverviewsBank of America/Merrill Lynch Downgrades Kate Spade to ‘Neutral’
Kate Spade (KATE) reported fiscal 3Q16 net sales of $316.5 million—a rise of 14.1% compared to net sales of $277.3 million in fiscal 3Q15.
Company & Industry OverviewsCoach Made New Appointment in Management
Coach (COH) has a market cap of $10.2 billion. It rose 2.1% to close at $36.24 per share on January 4, 2017.
Company & Industry OverviewsConstellation Brands Gets Upgraded to ‘Buy’
Constellation Brands (STZ) has a market cap of $31.8 billion. It rose 2.1% to close at $157.99 per share on January 4, 2017.
Company & Industry OverviewsPiper Jaffray Downgrades Michael Kors Holdings to ‘Neutral’
On January 3, 2017, Piper Jaffray downgraded Michael Kors Holdings’s (KORS) rating from “overweight” to “neutral.” It also lowered the stock’s price target from $60.00 to $48.00 per share.
Company & Industry OverviewsWhy Did Kate Spade Stock Rise on December 28?
Kate Spade (KATE) rose more than 23.0% on December 28, 2016, after the report that the company is planning to sell its businesses with the help of investment banker.
Company & Industry OverviewsWolfe Research Downgraded Kate Spade to ‘Peer Perform’
On November 23, 2016, Wolfe Research downgraded Kate Spade & Company’s rating to “peer perform” from “outperform.”
Company & Industry OverviewsPiper Jaffray Upgrades Fossil Group to ‘Neutral’
Fossil Group (FOSL) has a market cap of $1.7 billion. It rose 2.7% to close at $35.24 per share on November 21, 2016.
Company & Industry OverviewsKeyBanc Capital Markets Upgrades Fossil to ‘Overweight’
Fossil Group (FOSL) has a market cap of $1.6 billion. It rose 8.4% to close at $35.70 per share on November 16, 2016.
Company & Industry OverviewsCoach Declares Dividend of $0.3375 per Share
Coach’s (COH) cash, cash equivalents, and short-term investments rose 16.2%, and its inventories rose 19.1% between fiscal 4Q16 and fiscal 1Q17.
Company & Industry OverviewsMorgan Stanley Downgrades Michael Kors Holdings to ‘Equal-Weight’
Michael Kors Holdings (KORS) has a market cap of $7.7 billion. It fell 5.1% to close at $47.16 per share on November 14, 2016.
Earnings ReportA Look at Michael Kors Holdings’s Fiscal 2Q17 Performance
Michael Kors Holdings (KORS) has a market cap of $9.0 billion. It rose 3.2% to close at $51.76 per share on November 10, 2016.
Earnings ReportHow Did Fossil Group Perform in 3Q16?
Fossil Group (FOSL) has a market cap of $1.3 billion. It rose 3.5% to close at $25.58 per share on November 4, 2016.
Earnings ReportKate’s Stock Price Crashes on Weaker Gross Margin Warning
Kate Spade has seen YTD losses of 18%. The stock price plunged 10.2% after it warned about further margin contraction during its 3Q16 earnings call.
Earnings ReportMacro Headwinds Pressurize Kate’s 3Q16 Comps and Gross Margin
Kate Spade (KATE) reported a 15% rise in sales in 3Q16, with total sales reaching $316.5 million.
Earnings ReportKate Spade Beats Earnings and Revenue Estimates in 3Q16
Kate Spade’s top line and bottom line beat Wall Street estimates, with revenue rising 15% YoY to $316 billion—nearly $5.5 million more than expectations.
Earnings ReportComparing Stock Price Performance and Valuation
Coach’s stock has gained 12% year-to-date Coach (COH) has done reasonably well in the stock market this year. As of November 2, 2016, the company was sitting on a YTD (year-to-date) profit of 8.4%. It has outperformed the S&P 500 Apparel and Accessories index, which had fallen 5.5% YTD. Coach, along with six other apparel and accessory companies, […]
Earnings ReportCoach: Management’s and Wall Street’s Outlook
Confident about achieving fiscal 2017 guidance After a healthy first quarter, Coach’s (COH) management is expecting strong results for fiscal 2017. The company reiterated its fiscal 2017 guidance of a low-to-mid-single digit top-line increase and an 18.5% to 19% expansion of its operating margin. “We achieved growth across key financials, including sales, gross profit and […]
Earnings ReportCoach Reports Improved Margins and Sales in 1Q17
Coach’s margins and sales improve Coach (COH), one of the most established players in the US affordable luxury segment, reported results for 1Q17 on November 1, 2016. As discussed in the previous two sections, the company’s sales improved 1% on strong international business and positive sales comps in North America. The company also reported an […]
Earnings ReportWhat Boosted Coach’s 1Q17 Sales?
Evaluating Coach’s 1Q17 sales Coach (COH) reports revenues under two major segments – the Coach brand and the Stuart Weitzman brand. The Coach brand, the company’s primary business, accounts for more than 90% of its top line. The company reports its North American and international segments separately for the Coach brand. In this section, we’ll evaluate […]
Earnings Report1Q17: Coach Delivers In-Line Earnings, Misses on Revenue
Coach (COH) reported its results for the first quarter of 2017 before the market opened on November 1, 2016. Although the company reported earnings per share in line with Wall Street analysts’ estimates, it missed revenue estimates.
Earnings ReportHow Has Coach Performed in 1Q17?
Price movement Coach (COH) has a market cap of $10.3 billion. It rose 2.2% to close at $36.68 per share on November 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.9%, 0.38%, and 15.0%, respectively, on the same day. COH is trading 1.9% above its 20-day moving average, 0.01% below […]
Earnings ReportHow Did Herbalife Perform in 3Q16?
Price movement Herbalife (HLF) has a market cap of $5.5 billion. It fell 2.6% to close at $59.12 per share on November 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.4%, -7.4%, and 10.3%, respectively, on the same day. HLF is trading 4.4% below its 20-day moving average, 4.3% below […]
Company & Industry OverviewsWhich Stocks Were the Outliers in the Consumer Space November 1?
On November 1, 2016, the S&P Consumer Staples slightly outperformed the S&P 500 and the S&P Consumer Discretionary. The indexes had respective returns of -0.47%, -0.68%, and -0.84%.
Earnings ReportWhat Does Wall Street Recommend for KATE, COH, and KORS?
Wall Street has a bullish outlook on Kate Spade. The company has received 76% “buy” and 23% “hold” recommendations from analysts.
Earnings ReportHow Will Kate Spade’s Fiscal 2016 Performance Shape Up?
As a result of its second quarter headwinds, Kate Spade (KATE) lowered its full fiscal 2016 outlook.
Earnings ReportWhat Drove Kate Spade’s Performance in Fiscal 2Q16?
Kate Spade’s (KATE) 2Q16 performance was characterized by a disconcerting slowdown in sales comps and a contraction in margins.
Earnings ReportCan Kate Spade’s 3Q16 Results Boost Investor Sentiment?
Kate Spade (KATE) is set to report its quarterly earnings on Wednesday, November 2, 2016, before the markets open.
Company & Industry OverviewsBurberry Rises on Merger Speculation Talks with Coach
Price movement Coach (COH) has a market cap of $10.1 billion. It fell 1.0% to close at $35.55 per share on October 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.86%, -2.9%, and 11.5%, respectively, on the same day. COH is trading 1.6% below its 20-day moving average, 4.4% below […]
Company & Industry OverviewsGuggenheim Has Given Coach a ‘Buy’ Rating
Coach (COH) has a market cap of $10.2 billion. It rose 0.97% to close at $36.56 per share on September 30, 2016.
Company & Industry OverviewsGuggenheim Has Rated Nike a ‘Buy’
Nike (NKE) has a market cap of $88.3 billion. It rose 0.94% to close at $52.65 per share on September 30, 2016.
Company & Industry OverviewsGuggenheim Has Given Michael Kors Holdings a ‘Neutral’ Rating
Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 0.17% to close at $46.79 per share on September 30, 2016.
Company & Industry OverviewsCLSA Rates Michael Kors Holdings as a ‘Sell’
Price movement Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 2.8% to close at $46.87 per share on September 29, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -6.5%, -4.8%, and 17.0%, respectively, on the same day. KORS is trading 3.9% below its 20-day moving average, […]
Company & Industry OverviewsMorgan Stanley Downgrades Coach to ‘Underweight’
Coach (COH) fell 4.2% to close at $35.04 per share during the second week of September 2016.
Company & Industry OverviewsArgus Has Downgraded Campbell Soup Company to a ‘Hold’
Campbell Soup Company (CPB) has a market cap of $17.2 billion. It fell 0.13% to close at $55.31 per share on September 19, 2016.
Company & Industry OverviewsYour Quick Overview of Kate Spade’s 2Q16 Results and Stock Market Performance
Kate Spade (KATE) reported weaker-than-expected 2Q16 results on August 3, 2016, recording EPS of $0.11, as compared to the Wall Street estimate of $0.14.
Basic MaterialsWells Fargo Has Upgraded Kate Spade to ‘Outperform’
Kate Spade (KATE) has a market cap of $2.5 billion. It rose 0.82% to close at $18.53 per share on September 13, 2016.
Company & Industry OverviewsFossil Will Ship Smartwatches Based on Qualcomm Technologies
Fossil fell by 4.6% to close at $28.13 per share during the fifth week of August, with weekly, monthly, and YTD price movements of -4.6%, -4.8%, and -23.1%.
ConsumerHow Has PVH Corporation’s Stock Performed in 2016?
PVH has easily been one of the best-performing apparel stocks this year. The company’s year-to-date returns stand at a whopping 46% as of August 25, 2016.
ConsumerPVH Expects Heritage Brands to Show Improvement in 2H16
PVH’s Heritage Brands segment, which includes brands such as Van Heusen, ARROW, Izod, Speedo, Warner’s, and Olga, accounted for 18% of its revenue in 2Q16.
ConsumerCan Calvin Klein Drive PVH’s Sales Growth in 2Q16?
Among PVH’s (PVH) three segments, Calvin Klein has been the best performer. The brand accounts for more than 37% of the company’s total revenue.
ConsumerWhy Coty’s 4Q16 Fragrances Revenue Improved: Miu Miu
Fragrances net revenue rose 1.9% in fiscal 4Q16 and fell 7.6% to $2.0 billion for fiscal 2016 in reported terms.
ConsumerHow Did Coach Perform in 4Q16?
Coach (COH) fell by 6.4% and closed at $39.33 per share during the second week of August 2016. Coach reported fiscal 4Q16 net sales of $1.2 billion.
Basic MaterialsMoody’s Rated Graphic Packaging’s Notes as ‘Ba2’
Graphic Packaging Holding rose by 0.22% and closed at $13.80 per share during the second week of August 2016. It reported 2Q16 net sales of $1.1 billion.
ConsumerCoach Reports Margin Improvement on Lower SG&A Rate in 4Q16
Coach (COH) reported its fourth quarter and fiscal 2016 results on August 9, 2016. Its operating margin improved from 3.9% in 4Q15 to 10.1% in 4Q16.
ConsumerEvaluating Coach’s Fiscal 4Q16 Results
Coach reported a 15% YoY increase in its top line in 4Q16. Its fiscal 2016 net sales rose 7% on a reported basis and 9% on a constant currency basis to $4.5 billion.
ConsumerCoach Beats on Earnings, Misses on Revenue in 4Q16
Coach (COH) reported its fourth quarter and fiscal 2016 results on August 9, 2016. The company reported earnings of $0.45 per share.
Basic MaterialsA Look at Michael Kors Holdings’s Performance in 1Q17
Michael Kors Holdings (KORS) has a market cap of $8.7 billion. It fell by 2.8% to close at $48.71 per share on August 10, 2016.