For luxury brands that have thus far announced September-quarter results, it's no high-end clutch they carry but a mixed bag of
results. Five companies have already reported and four remain.
Earnings Reported
-
Coach Inc (NYSE: COH) reported adjusted EPS of $0.45,
which was in line with the expectations. Revenue was $1.04 billion and missed by $0.03 billion.
-
Estee Lauder Companies Inc (NYSE: EL)
reported
adjusted EPS of $0.84, $0.04 higher than estimates. Revenue was $2.83 billion, missed estimates by $0.07 billion.
-
Ethan Allen Interiors Inc. (NYSE: ETH)
reported adjusted EPS of $0.43 on revenue of $193.3 million. More than a week before the results announcement, the company
guided below estimates
for the first quarter.
-
Kate Spade & Co (NYSE: KATE) reported
adjusted EPS of $0.13 on revenue of $317 million. This is higher by $0.04 EPS and $6.06 million from analysts’ estimates.
-
Luxottica Group SpA (ADR) (NYSE: LUX)
reported
3.7 percent increase in sales to $2.484 billion and confirmed its full-year forecast.
Earnings Still To Be Reported
-
PVH Corp (NYSE: PVH) is slated to disclose
its results on November 30. The Street is looking for an EPS of $2.40 on revenue of $2.23 billion.
-
Michael Kors Holdings Ltd (NYSE: KORS) is
scheduled to announce its results on November 10. Analysts’ expect EPS of $0.88 on revenue of $1.09 billion for the September
quarter.
-
Ralph Lauren Corp (NYSE: RL) is planning to
announce its results on November 10. Analysts’ estimate EPS of $1.71 on revenue of $1.82 billion.
-
Tiffany & Co. (NYSE: TIF) will release its
results on November 29. Analysts expect EPS of $0.67 on revenue of $924.02 million.
Stock Movements In The Sector
At last check, the above stocks were trading:
- Coach was down 0.71 percent at $36.42.
- Estee Lauder was down 4.57 percent at $82.36.
- Ethan Allen was up 0.67 percent at $30.25.
- Kate Spade was down 6.67 percent at $15.24.
- Luxottica was down 0.86 percent at $49.45.
- Michael Kors was up 0.5 percent at $50.62.
- PVH Corp was up 0.7 percent at $107.28.
- Ralph Lauren was down 0.33 percent at $98.33.
- Tiffany & Co. was down 0.1 percent at $72.69.
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