Michael Kors is living the good life. And that’s not expected to change. Shares spiked nearly 25% in early morning trading Wednesday to record highs after the luxury retailer said rampant growth would continue. Michael Kors expects fiscal year revenue to reach between $1. 27 billion to $1. 28 billion-a year ago, it posted $757. 8 in net sales. The company anticipates 83 cents to 85 cents earnings per share, Michael Kors Outlet excluding a charge.
In this quarter, revenue should range between $350 to $355 million, with 10 to 12 cents EPS. “These results reflect the strong demand for the Michael Kors luxury brand, our exciting assortment of fashion merchandise and our exceptional jet-set in-store experience, ” CEO and Chairman John Idol said in a statement. “We are uniquely positioned to continue to build our global, luxury lifestyle brand and we have tremendous Michael Kors bedford dressy tote opportunity for growth. ”
This forecast comes off a strong fiscal third quarter. Revenue jumped 67. 9% to 373. 6 million from a year ago. Michael Kors has opened 75 stores since last year, driving a 82. 9% jump in retail net sales to $199. 4 million. Whole net sales rose too, some 55% at $154. 6 million. When Michael Kors went public in December-a debut where it priced above its Michael Kors shoes initial range and saw stock rise 25% in first-day trading-it took a $15. 9 million equity compensation charge. This sagged fiscal third-quarter profit a bit, by 8 cents a share.
Excluding the charge, net income was $53. 6 million or 28 cents EPS, towering above last year’s $27. 8 million or 16 cents EPS. Another luxury retailer, watch-maker Fossil, announced strong results Wednesday. Fossil’s revenue rose across all markets, gaining 18. michael kors hamilton ostrich tangerine 5% to $830. 8 million. Sales in america, Europe, and China all expanded by double- digits. Fossil earned $117. 9 million or $1. 87 EPS, a 27% increase from the previous year. Fossil also expects to flourish in 2012. Sales should grow by 15% in both this quarter and for the year. First quarter EPS should range between 90 to 92 cents; for year, EPS should range from $5. 40 to $5. 50.
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08 mai 2012
Nike Running Strong, Could Increase Dividend Again Soon
Estimates have been rising for Nike since the company reported record quarterly sales and EPS on September 22. It is a Zacks #2 Rank stock.
Nike continues to grow its brand across the globe, both in developed and emerging markets. Analysts expect this growth to continue for at least the next two years. Based on consensus estimates, earnings per share are Nike Free Run Dame expected to grow 13% this year and 14% next year. Management is also shareholder-friendly and has been buying back tons of stock and steadily increasing its dividend. It currently yields 1. 4%. Record Sales and EPS Nike reported better than expected results for its fiscal 2012 first quarter on September 22. Revenue jumped 18% year-over-year to a record $6. 081 billion, well Nike Free Sko ahead of the Zacks Consensus Estimate of $5. 762 billion. Excluding foreign currency effects, revenue rose 11%. The company witnessed top-line growth in every geographic regions except Western Europe. The emerging markets led the way with a 24% jump in revenue. Rising input costs put a squeeze on Nike’s gross margin, however. Gross profit fell 270 basis points to 44. 3% Nike Free 3.0 V3 Dame of revenue. This was offset by lower selling, general and administrative expenses as a percentage of revenue as the company leveraged its fixed expenses. Earnings per share increased 19% year-over-year to a record $1. 36. This beat the Zacks Consensus Estimate of $1. 21 and marked the company’s second consecutive positive earnings surprise. Estimates Jump Higher Following Nike’s strong first quarter results, Nike Free Tr Fit Dame analysts revised their estimates for both 2012 and 2013 higher, sending the stock to a Zacks #2 Rank. Based on current consensus estimates, analysts expect strong earnings growth for Nike over the next two years. The Zacks Consensus Estimate for 2011 is $4. 97, which represents 13% growth over 2011 EPS. The 2012 consensus estimate is $5. 67, corresponding with 14% EPS growth. It is composed by sophie 05.08.2012 |