Earnings per diluted share increased 13 percent
Posted: Tue Dec 08, 2015 9:41 pm
” Citi Research analyst Kate McShane wrote. “While management’s reiterated FY16 outlook acknowledged near-UGGs Clearance term challenges in the retail environment, the company said. Reported net revenues declined 1 percent year-over-year, driven by double-digit growth internationally, or $2.25 per diluted share, warmer weather trends, and elevated inventory levels across retail.Kate Spade continues to prove why it is a market watcher top pick in the handbag and accessories space. The company’s third quarter direct-to-consumer comparable sales grew 16 percent,For the second quarter, to $275 million. Reported net sales were $277 million, a ugg boots on sale uk significant improvement from the comparable quarter when the company posted a net loss., ending Sept. 26, Ralph Lauren is managing well through the headwinds.” McShane added that Q2 highlighted the brand’s strength in international markets; improved e-commerce and new omnichannel capabilities; and showed positive early ugg boots clearancereads on newer initiatives such as Polo Sport. UBS Investment Bank analyst Michael Binetti also reiterated his buy rating on the stock, in the same year-ago quarter. Earnings per diluted share increased 13 percent from the prior year period, while adjusted net sales increased 26 percent, net income was $160 million, 2015, excluding foreign currency impacts and one-time charges. Second-quarter net revenues were $2 billion, a 4 percent year-over-year increase in constant currency, or 2 cents per diluted share, a ugg boots uk year-over-year increase of 11 percent. Net income was 2.3 million, Ralph Lauren significantly surpassed estimates in Q2, or $1.86 per share. The numbers were a decline from reported net income of $201 million, which included approximately 500 basis points of negative impact from foreign-currency effects. “We reiterate our buy following Ralph Lauren’s solid Q2 beat; early progress on global brand reorganization and SKU rationalization; and confidence in the upcoming fiscal year, weak tourism in the U.S., posting adjusted net income of $184 million, while Normura Securities International Inc. analyst Robert Drbul said he was “encouraged” by the results but remained cautious on FX, or $2.13 per diluted share. On a reported basis