|By PR Newswire||
|June 17, 2013 08:02 AM EDT||
NEW YORK, June 17, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting lululemon athletica inc. (NASDAQ: LULU), PVH Corporation (NYSE: PVH), The Men's Wearhouse, Inc. (NYSE: MW), Five Below Inc. (NASDAQ: FIVE), and Quiksilver, Inc. (NYSE: ZQK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
lululemon athletica inc. Research Report
On June 10, 2013, lululemon athletica inc. (lululemon) announced financial results for Q1 FY 2013 (period ended May 5, 2013). Net revenue increased 21% YoY to $345.8 million, while comparable store sales increased 7% YoY on a constant dollar basis. Net income was $47.3 million or $0.32 per diluted share, compared to net income of $46.6 million or $0.32 per diluted share in Q1 FY 2012. Commenting on the results, Christine Day, lululemon's CEO, said, "While we regret that we had quality issues with our black luon we are proud of the organization's ability to get luon delivered back into our stores within 90 days of having pulled it from our line, all the while keeping our guests happy and engaged with the brand." The Company also announced that Christine Day will step down as the Company's Chief Executive Officer when a successor is named. The Full Research Report on lululemon athletica inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/cd30_LULU]
PVH Corporation Research Report
On June 12, 2013, PVH Corporation (PVH) announced its financial results for Q1 FY 2013 (period ended May 6, 2013). Non-GAAP revenue increased 36% YoY to $1.9 billion, and exceeded guidance by $40 million. The increase in non-GAAP revenue was primarily driven by the addition of $487 million of revenue related to the acquisition of The Warnaco Group, Inc. (Warnaco), net of a reduction in licensing revenue attributable to Warnaco from the prior year. Another contributing factor was an increase of $41 million related to the Tommy Hilfiger business, partially offset by a loss of $28 million attributable to Izod women's and Timberland wholesale sportswear business, which the Company exited in 2012. GAAP loss per share was $0.25 compared to Q1 FY 2012 GAAP EPS of $1.30, due to significant costs incurred in connection with the Company's acquisition during the quarter of its former licensee, Warnaco, and with the related integration and restructuring, a significant portion of which was non-cash. The Full Research Report on PVH Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/f5c4_PVH]
The Men's Wearhouse, Inc. Research Report
On June 12, 2013, The Men's Wearhouse, Inc. (Men's Wearhouse) announced its consolidated financial results for Q1 FY 2013 (period ended May 4, 2013). Total net sales increased 5.1% YoY to $616.5 million. Net earnings were $33.1 million or $0.65 earnings per diluted share, compared to net earnings of $26.9 million or $0.52 per diluted share in Q1 FY 2012. The Company estimates that approximately $0.10 of the increase is attributable to a tuxedo prom season shift from Q2 FY 2013. For full-year FY 2013, the Company expects diluted EPS of $2.70 to $2.80. The Full Research Report on The Men's Wearhouse, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/ed39_MW]
Five Below Inc. Research Report
On June 12, 2013, Five Below Inc. (Five Below) announced its financial results for Q1 FY 2013 (period ended May 4, 2013). Net sales increased 33.1% YoY to $95.6 million. Net income was $1.6 million compared to a net loss of $1.2 million in Q1 FY 2012. Adjusted net income, which excludes the impact of the founders' transaction in both periods, was $2.5 million compared to $2.6 million in Q1 FY 2012. Commenting on the results, Thomas Vellios, Co-Founder, President and Chief Executive Officer of Five Below, said, "As we said a few weeks ago, once the headwinds facing consumers abated mid-quarter, we saw a strengthening in our traffic and sales patterns as our trend-right merchandise at extremely compelling prices resonated with our customers." For full-year FY 2013, the Company expects net sales between $524 million to $529 million based on opening 60 net new stores for the full-year and assuming a 4% increase in comparable store sales. The Full Research Report on Five Below Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3eb8_FIVE]
Quiksilver, Inc. Research Report
On June 6, 2013, Quiksilver, Inc. (Quiksilver) announced its financial results for Q2 FY 2013 (period ended April 30, 2013). Net revenues declined 5% YoY to $459 million. Net loss attributable to Quiksilver was $32 million or $0.19 per diluted share compared with $5 million or $0.03 per share in Q2 FY 2012. Commenting on the results, Quiksilver's President and Chief Executive Officer, Andy Mooney, said, "We recently announced a multi-year profit improvement plan designed to enhance the performance of our three flagship brands, Quiksilver, Roxy and DC, and accelerate our path to sustained profitable growth. With a reorganized management structure and our new leadership team largely in place, we have begun working toward globalizing key functions and gaining efficiencies to reap the benefits of our size and scale. We believe that, over time, our new focus and structure will allow us to significantly improve profitability, working capital efficiency and competitive positioning." The Full Research Report on Quiksilver, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c105_ZQK]
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquires, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Wall Street Reports
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Ope...
Oct. 26, 2014 04:00 AM EDT Reads: 2,747
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an In...
Oct. 25, 2014 05:00 PM EDT Reads: 1,749
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud...
Oct. 25, 2014 11:45 AM EDT Reads: 1,869
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and manage them efficiently. Our software’s modular architecture allows customers to integrate nearly any application wi...
Oct. 25, 2014 10:00 AM EDT Reads: 1,807
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19...
Oct. 25, 2014 10:00 AM EDT Reads: 1,749
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources o...
Oct. 25, 2014 08:00 AM EDT Reads: 1,828
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will nee...
Oct. 24, 2014 09:30 PM EDT Reads: 1,480
When you set off to build an app that will change the world, designing your system architecture to be reliable and scalable is important but the stark reality is that, for your MVP, you probably had a “need for speed” (of development). You didn’t know what all the axes were to scale your application, where your stress points would be, and what weird and wonderful ways your customers would use it d...
Oct. 24, 2014 09:00 PM EDT Reads: 1,300
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do to...
Oct. 24, 2014 07:00 PM EDT Reads: 1,559
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, ...
Oct. 23, 2014 11:30 PM EDT Reads: 1,756