Four Fashion Brands To Watch For This Week
Michael Kors (Reports on Wednesday, May 31st)
The Estimize community is optimistic about KORS’s Q4’s earnings. Analysts are calling for $0.73 EPS, three cents ahead of the Wall Street estimate, and a revenue of $1.055 billion, 7 million ahead of Wall Street. Michael Kors has marked one of the most financially successful luxurious designer fashion brands. Incorporating more innovative technology into its design, Kors has introduced MICHAEL KORS ACCESS, which is a series of smartwatches and relating smartphone applications. In addition, KORS has named Thomas J. Edwards, Jr as its new Chief Financial Officer, in succession of Joseph B. Parsons.
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Vera Bradley (Reports on Wednesday, May 31st)
Eight analysts at Estimize have reached a consensus of $-0.11 for Vera Bradley’s Q1 EPS, 2 cents ahead of Wall Street, also an revenue estimate 97.26 million, which is approximately in line with Wall Street. One of the most recent news from Vera Bradley is that it has entered into a licensing agreement with CID Resources Inc. for apparel and coordinating accessories designed specifically for the expanding population of female health care professionals.
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Lululemon (Reports on Thursday, June 1st)
On Thursday, Lululemon will reports its Q1 results. Analysts at Estimize have reached a consensus of $0.29 EPS, right in line with the Wall Street consensus, and a revenue of $514 million, which is 2 million ahead of the Wall Street consensus. One of its recent updates is that Glenn Murphy has been appointed to the company’s Board of Directors as Co-Chairman.
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Express (Reports on Thursday, June 1st)
Express is expected to report its FQ1 earnings on June 1st. Eight analysts at Estimize are calling for an EPS of $-0.04, two cents ahead of Wall Street consensus. The Estimize consensus for revenue is $468.55 million, which is approximately 1 million below the Wall Street estimate. On May 4th, Express announces an additional measure as part of its continued strategic approach to improving profitability and managing and optimizing store footprint. Due to the hostile market conditions in Canada, Express intends to close all 17 Canadians stores and discontinue its Canadian operations.
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Disclosure: There can be no assurance that the information we considered is accurate or complete, nor can there be any assurance that our assumptions are correct.
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