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 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 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. 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 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) 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 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 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 RL is planning to announce its results on November 10. Analysts’ estimate EPS of $1.71 on revenue of $1.82 billion.
- Tiffany & Co. 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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