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Stock Market & Financial Investment News

News Breaks
June 5, 2014
13:17 EDTKORS, COH, SHOO, M, KATE, VRAVera Bradley sinks after weak Q1 revenue reflects 'difficult' enviornment
Shares of women's accessory company Vera Bradley (VRA) declined after reporting weak first quarter revenue which reflected a harsh environment over the quarter. WHAT'S NEW: Vera Bradley's Q1 EPS was 16c, which was higher than analyst's consensus of 13c. The company's Q1 revenue as $113.5M, which was below expectations. The accessory company said despite a higher than anticipated Q1 EPS result, it continues to face a difficult environment, one that is proving much more challenging than it foresaw two short months ago. Vera Bradley cited the sales miss to guidance primarily being due to lower than expected orders from the company's Indirect specialty retail partners, weaker than expected comparable store sales performance in the company's retail stores, and a shortfall at the company's annual outlet sale. Vera Bradley expects Q2 EPS to be 18c-20c which is lower than the consensus analyst forecast of 30c. The company foresees Q2 revenue to be $113M-$120M which is lower than the $127.48M that analyst predict. Vera Bradley anticipates FY15 EPS from continuing operations to be in the range of $1.00-$1.10 while analyst consensus guide higher to $1.26. The company expects FY14 revenue to range between $510M-$530M which is lower than expectations of $553.69M. The accessory company announced today that it's products will be sold at select Macy's (M) locations by mid-July. WHAT'S NOTABLE: During the company's Q1 earnings conference call, Vera Bradley said that the short term will remain challenging and it will take time for marketing plans to take hold. The company expects to incur pre-tax charges related to the exit from Japan during Q3 of approximately $2M, or 3c per share. FY15 direct segment comps are expected to be down in the mid single digits and the company says its still identifying cost reductions. Vera Bradley expects to cut costs in manufacturing and sourcing but aims to open seven outlets this year. OTHERS TO WATCH: Competitors in the accessory industry include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Steven Madden (SHOO). PRICE ACTION: During afternoon trading, shares of Vera Bradley fell 98c, or 3.88%, to $24.27.
News For VRA;M;COH;KATE;SHOO;KORS From The Last 14 Days
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September 2, 2015
10:10 EDTVRAVera Bradley says expects to open less than 10 stores next year
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09:58 EDTVRAVera Bradley sees Q3, FY16 SSS down in low double digit percentage range
Says company still has a lot of work to do on turnaround. Says will take more time to return business to solid growth, but says gaining traction on efforts and seeing customer retention improve. Says eliminated hyperpromotions, pared back promotional days in Q2. Sees Q3 SSS down in low double digit percentage range including e-commerce, gross margin 56.8%-57.2%. Sees FY16 SSS down in low double digit percentage range, sees continued decline in hyperpromotional activity. Sees FY16 gross margin 56.2%-56.4%. Says taking an "active posture" on expense control. Sees net CapEx $31M for FY16. Sees dependence on cotton further reduced, says consumers "walking away" from cotton. Comments made on the Q2 earnings conference call. Vera Bradley is up 20.71% in morning trading to $12.56.
09:36 EDTCOHCoach management to meet with Oppenheimer
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09:27 EDTVRAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vera Bradley (VRA), up 22.2%. ALSO HIGHER: Synergetics USA (SURG), up 51.7% after announcing that it will be acquired by Valeant (VRX) for $6.50 per share in cash... Loxo Oncology (LOXO), up 6.1% after the FDA grants orphan drug designation to LOXO-101. DOWN AFTER EARNINGS: Ambarella (AMBA), down 6.6% after reporting quarterly results and saying that wearable camera revenue will be lower in the third quarter. ALSO LOWER: GoPro (GPRO), down 5% following Ambarella's guidance announcement.
08:07 EDTVRAVera Bradley sees FY16 continuing ops EPS 72c-78c, consensus 66c
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08:06 EDTVRAVera Bradley sees Q3 continuing ops EPS 19c-21c, consensus 15c
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08:03 EDTVRAVera Bradley reports Q2 EPS 15c, consensus 11c
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08:00 EDTMMacy's debuts Macy's Backstage off-price retail brand
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September 1, 2015
17:02 EDTKORSMichael Kors reappoints Cathy Robinson as COO
Cathy Marie Robinson withdrew her resignation as an executive officer of Michael Kors Holdings, which was previously disclosed in the Company's Current Report on Form 8-K filed with the SEC on August 11. Effective August 27 Robinson was re-appointed as an executive officer of the Company with the new title of "Senior Vice President of Corporate Strategy and COO". In connection with her promotion, Robinson will receive a grant of restricted share units valued at approximately $1,500,000 under the Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan.
15:02 EDTVRANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include G-III Apparel (GIII), consensus 20c... Navistar (NAV), consensus 8c... Vera Bradley (VRA), consensus 11c.
07:04 EDTMThe Children's Place names Marla Malcolm Beck to board
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05:46 EDTVRAVera Bradley volatility elevated into Q2 and outlook
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August 31, 2015
11:07 EDTMMacy's announces collaboration with Nineteenth Amendment
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August 30, 2015
12:42 EDTCOHAmerican Airlines, others look like underappreciated bargains, Barron's says
Shares of American Airlines (AAL), Coach (COH), PACCAR (PCAR), and CA Technologies (CA) not only look cheap but pay dividends, thereby rewarding patient investors willing to wait for rebounds, Barron's contends in a feature article. All four firms are generating "healthy" return on capital, suggesting operations are stronger than traders believe, Barron's argues. Reference Link
August 25, 2015
09:59 EDTMOn The Fly: Analyst Upgrade Summary
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07:46 EDTMMacy's upgraded on valuation at Deutsche Bank
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06:21 EDTMMacy's upgraded to Hold from Sell at Deutsche Bank
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August 24, 2015
10:24 EDTMMacy's initiated with a Buy at Standpoint Research
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09:49 EDTM, KORSFitbit being sold at Macy's seen as near-term catalyst
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07:27 EDTMFitbit entry at Macy's a significant near-term catalyst, says Piper Jaffray
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