By PR Newswire, October 01, 2013, 08:00:00 AM EDT
NEW YORK, October 1, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting NIKE Inc. (NYSE:NKE), Ralph Lauren Corp. (NYSE:RL), PVH Corp. (NYSE:PVH), Hanesbrands Inc. (NYSE:HBI), and Wolverine Worldwide, Inc. (NYSE:WWW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
NIKE Inc. Research Report
On September 26, 2013, NIKE Inc. (NIKE) reported its financial results for Q1 FY 2014 (period ended August 31, 2013). The Company's revenues grew 7.7% YoY to $7.0 billion during the quarter. Net income came in higher at $780 million or $0.86 per diluted share in Q1 FY 2014, as compared to net income of $567 or $0.63 in Q1 FY 2013. Commenting on the results, Mark Parker, President and CEO of NIKE, said, "We had a great first quarter driven by our unrelenting commitment to delivering innovative products and services to athletes around the world. Our powerful portfolio of businesses combined with unmatched leadership and resources allows us to capitalize on opportunities that drive long-term value for our shareholders. I am more excited than ever about our potential to continue to innovate with purpose, and fuel NIKE's growth." The Full Research Report on NIKE Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8394_NKE]
Ralph Lauren Corp. Research Report
On September 18, 2013, Ralph Lauren Corp. (Ralph Lauren) announced plans to introduce changes to its leadership and to create an Office of the Chairman, led by Ralph Lauren Chairman and CEO of the Company and including Roger Farah, Jackwyn Nemerov and Christopher Peterson. According to the Company, Roger Farah, the current President and Chief Operating Officer, will become Executive Vice Chairman; Jackwyn Nemerov, currently Executive Vice President, will become President and Chief Operating Officer; Christopher Peterson, currently Senior Vice President and Chief Financial Officer, will become Executive Vice President and Chief Administrative Officer in addition to being the Company's CFO. The Company explained that the Office of the Chairman is being created to enhance its ability to support the growth of the business in an increasingly complex global environment and capitalize on new business opportunities.The Full Research Report on Ralph Lauren Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/279f_RL]
PVH Corp. Research Report
On September 24, 2013, the Tommy Hilfiger Group, a wholly owned by PVH Corp. ( PVH ), announced an agreement with LF USA, a subsidiary of Li & Fung Limited, to license home décor, beginning January 2014 in the US, Canada, South America, and Mexico. Tommy Hilfiger stated that the Spring 2014 home line features pieces reminiscent of summer days at the beach and will follow with a Fall 2014 collection of preppy, collegiate pieces for home. Tommy Hilfiger said, "I've always been inspired by iconic American homes, and my wife Dee and I enjoy finding great art and cool vintage pieces to create an eclectic vibe. I had a lot of fun combining those inspirations with my love of design to create the new Tommy Hilfiger home line. LF USA is a strong, global partner and I am excited to be working together on this line. Our home collections embrace a unique take on the preppy lifestyle and all-American tradition. Every piece reflects the classic, American, cool spirit at the heart of the Tommy Hilfiger brand." The Full Research Report on PVH Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fbc7_PVH]
Hanesbrands Inc. Research Report
On September 10, 2013, Hanesbrands Inc. (Hanesbrands) announced that it is reaffirming its full-year 2013 guidance for sales for c.$4.6 billion, operating profit in the range of $550 million to $575 million, EPS in the range of $3.50 to $3.65, and free cash flow between $450 million and $550 million. In addition, the Company stated that its guidance does not reflect any potential contributions or impact from the acquisition of Maidenform Brands, Inc. which it expects will close in Q4 2013. Hanesbrands Chairman and CEO Richard A. Noll, said, "We continue to track to our expectations for significant margin expansion in 2013 with strong year-over-year growth for operating profit, EPS and cash flow. Back-to-school sales started softer than desired, as many retailers have announced, but we saw sell-through trends for our products improve in late August and early September. Our Innovate-to-Elevate platforms continue to succeed and are driving margin expansion." The Full Research Report on Hanesbrands Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8a3c_HBI]
Wolverine Worldwide, Inc. Research Report
On September 24, 2013, Wolverine Worldwide, Inc. (Wolverine Worldwide) announced that it expects to release its Q3 FY 2013 financial results on October 8, 2013, before the market opens. The Company will host a conference call at 8:30 a.m. ET on the same day to discuss the results as well as current business trends. In the Q2 2013 results release, the Company had reaffirmed its full-year FY 2013 revenue guidance in the range of $2.7 to $2.8 billion. The Company had also stated that it expects full-year FY 2013 GAAP EPS to be in the range of $2.06 to $2.21 per share. The Full Research Report on Wolverine Worldwide, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a7b4_WWW]
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 Ananya Ghosh, a CFA charterholder. 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 pubco@EquityNewsNetwork.com.
For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com 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 represented by Ananya Ghosh, CFA, has 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts' Corner