Apparel Companies Pave Way for Strong Sales, Earnings, and New Collection -
Research Report on Michael Kors, Chico's FAS, DSW, ANN, and Wet Seal
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NEW YORK, June 3, 2013
NEW YORK, June 3, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Michael
Kors Holdings Limited (NYSE: KORS), Chico's FAS Inc. (NYSE: FAS), DSW Inc.
(NYSE: DSW), ANN INC. (NYSE: ANN), and Wet Seal Inc. (NASDAQ: WTSL). Today's
readers may access these reports free of charge - including full price
targets, industry analysis and analyst ratings - via the links below.
Michael Kors Holdings Limited Research Report
On May 29, 2013, Michael Kors Holdings Limited (Michael Kors) released its Q4
and full-year FY 2013 results (period ended March 31, 2013). Net sales were up
59.1% YoY to $577.4 million in Q4 FY 2013 and grew 69.3% YoY to $2.1 billion
in full-year FY 2013. Net income was up 131.8% YoY to $101.1 million in Q4 FY
2013 and grew 169.8% YoY to $397.6 in full-year FY 2013. "Fiscal 2013 was
another outstanding year for Michael Kors with continued momentum into the
fourth quarter reflecting advances on our key growth strategies. Our jet-set
luxury accessories and ready to wear are resonating with consumers worldwide
and we are excited by our prospects for future growth," said John D. Idol,
Chairman and CEO of Michael Kors. The Full Research Report on Michael Kors
Holdings Limited - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
Chico's FAS Inc. Research Report
On May 29, 2013, Chico's FAS Inc. (Chico's FAS) released its Q1 FY 2013
results (period ended May 4, 2013). Total net sales were up 3.1% YoY to $670.7
million. Gross margin was up 2.2% YoY to $386.8 million. GAAP net income was
down 4.7% YoY to $51.1 million. GAAP diluted EPS was down 3.1% YoY to $0.31.
During the period, the Company repurchased 3.4 million shares for $60 million.
Also, Chico's FAS opened 46 new stores, including two Boston Proper boutiques,
during Q1 FY 2013. The Full Research Report on Chico's FAS Inc. - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
DSW Inc. Research Report
On May 29, 2013, DSW Inc. (DSW) released its Q1 FY 2013 results (period ended
May 4, 2013). Net sales were up 7.7% YoY to $601.4 million. Net income was
down 13.5% YoY to $34.5 million. Diluted EPS from continuing operations was
down 12.8% YoY to $0.75. Mike MacDonald, President and CEO of DSW, commented,
"DSW's first quarter performance demonstrated remarkable execution flexibility
in a time of unprecedented swings in weather patterns. Our merchandising and
supply chain teams were able to adjust merchandise receipts in weather
sensitive categories while continuing to support trending categories with
fresh product flow. We were pleased with the strong sales rebound in the final
four weeks of the quarter that allowed us to minimize our comparable sales
decline and exit the quarter with well positioned inventories." The Full
Research Report on DSW Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
ANN INC. Research Report
On May 13, 2013, ANN INC. (ANN) launched the exclusive summer 2013 Kate Hudson
for Ann Taylor collection. The limited-edition collection was inspired by
Hudson's red-carpet glamour and love for fashion. Ann Taylor hosted a White
Party at Ann Taylor stores nationwide on May 22, 2013 to celebrate Hudson's
first fashion collaboration. The first clients to purchase a piece from the
capsule collection during the in-store event received an Ann Taylor gift card,
courtesy of InStyle. "It was such an honor when they asked me to come back for
the campaign and to work on a collection inspired by my personal style. We
have a great relationship - it's really fun. I love how Lisa Axelson, Ann
Taylor Creative Director, picked up on my style and helped turned it into a
very chic, incredibly wearable collection," said the prominent American
actress, Kate Hudson. The Full Research Report on ANN INC. - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
Wet Seal Inc. Research Report
On May 28, 2013, Wet Seal Inc. (Wet Seal) released its Q1 FY 2013 results
(period ended May 4, 2013). Net sales were down 5.1% YoY to $140.4 million.
Net income was $3.1 million, or $0.03 per diluted share, compared to a net
loss of $0.3 million, or $0.00 per diluted share in Q1 FY 2012. John D.
Goodman, CEO of Wet Seal, said, "We are pleased with the operating and
financial momentum we're beginning to experience." Goodman continued, "We have
made good progress in a short period of time throughout the organization. Our
teams have executed well and delivered improvement in virtually every aspect
of the business, including product, inventory management, merchandising,
marketing, in-store presentation and customer engagement. This allowed us to
exceed our financial guidance in the first quarter and forecast a return to
positive comp store sales earlier than planned in the second quarter of 2013."
The Full Research Report on Wet Seal Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
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