U.S Retailers having reporting positive Quarters 5. Abercrombie & Fitch (ANF) reports earnings-per-share of 39 cents versus expected 5-cent loss. Revenue beats and the company raises guidance. The stock surges 16%.
6. Similar story at Kohl's (KSS): EPS of 13 cents versus expected 42-cent loss and a revenue beat. The company reiterates outlook. CEO Tom Kingsbury is starting to turn Kohl's. Shares soar 13%. These specialty store earnings show a stronger consumer than the big chains. Either way, we like our retailers that provide great value.
7. Urban Outfitters (URBN) confident about second-quarter after good Q1 numbers. Free People and Anthropologie brands really strong. URBN is a real trend-bucker. The stock jumps 13%.
8. VF Corp (VFC) has its first positive quarter in a year. Benno Dorer is still temporary CEO. But I think that we have seen the bottom with the problems. Vans brand can turn in the fall. Shares up 3.5%.