|By PR Newswire||
|June 17, 2013 08:02 AM EDT||
NEW YORK, June 17, 2013 /PRNewswire/ --
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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]
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SOURCE Wall Street Reports
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