2013年8月6日星期二

rowth of Michael Kors probably stay on the hot brand buzz

  5/9 -- Michael Kors Holdings (KORS) will give investors a reading on the buying habits of luxury consumers, when the house of upscale fashion hits the track with Wall Street financial results Tuesday before the bell. If trailers are on target, show the provider of clothing and luxury accessories that his net worth clients continue to spend at a healthy pace. Analysts polled by Thomson Reuters see profit by 44% to 49 cents per share. They expect sales to rise 37.5% to $ 570,520 000th That would be the slowest pace of sales and profits, the company has seen since its IPO in December 2011. But analysts remain optimistic about the quarter. Kors has increased ever quarterly revenue and earnings expectations for its IPO. And this quarter is probably not different, say two analysts. "My expectations are for an impact on sales and profits," said William Blair & Co. analyst Amy Noblin. "The question is size." This gives Noblin confidence during the quarter are the wholesale and retail channel checks show that the brand continues to observe a "sell-through" to high prices and minimal reductions, she said. "The dynamic brand remains strong," she said. "The brand is hot., You have products that the consumer wants." Growth drivers: Kors is aggressively expanding its storage and conversion of large sites "shop-in-shops", which translates into a large elevator productivity, she said, and he saw a steady growth. the reputation and product category extensions. Cowen and Co. analyst Faye Landes also provides a blow in his summary report for the quarter. "We model Kors first quarter sales and earnings, both much higher than the sell-side consensus, as our exclusive data shows the evolution of the demand for good health," she wrote. "The recent growth in same-store sales reached levels that were rarely seen, and data from the consumer survey Cowen owner gives us no reason for any softness in demand or loss suggests momentum for the brand." It is predicted Kors T1 compositions climb 30% over the previous year. Kors solid performance report from a difficult fourth quarter for the rival coach (COH) on 30 Follow in July. The luxury designer handbags and accessories saw its same-store sales slide 1.7% compared to a year against strong competition from brands such as Kors. He also announced several management changes, including the departure of two key executives. Also on Tuesday morning published watches and jewelery manufacturers and retailers Fossil (FOSL) their quarterly results. In addition to its own fossil brand goods, the company manufactures watches for many high-end brands, including Kors. Luxury designer accessories, clothing and home Ralph Lauren (RL) Products will be its financial results for the first quarter on Wednesday announced before the bell. His presentation will also investors an overview of the spending habits of high-end consumers.

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