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Financial Results and Upcoming Earnings Results Schedules - Research Report on Michael Kors, Ctrip.com, Home Inns & Hotels Management, Signet, and Zale

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts' Corner

Aug 19, 2013, 08:00 ET

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NEW YORK, August 19, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Michael Kors Holdings Ltd. (NYSE: KORS), Ctrip.com International Ltd. (NASDAQ: CTRP), Home Inns & Hotels Management Inc. (NASDAQ: HMIN), Signet Jewelers Limited (NYSE: SIG), and Zale Corporation (NYSE: ZLC). 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 Ltd. Research Report

On August 6, 2013, Michael Kors Holdings Ltd. (Michael Kors) reported its financial results for Q1 FY 2014 (period ended June 29, 2013). Revenue increased 55.1% YoY to $616.3 million during the quarter. Net income was $125 million, or $0.61 per diluted share, in Q1 FY 2014, compared to net income of $68.6 million, or $0.34 per diluted share, in Q1 FY 2013. Commenting on the results, Chairman and CEO, John D. Idol, said, "Our exceptional first quarter financial results demonstrate the sustained strong demand for the Michael Kors luxury brand. We attribute the ongoing momentum to our fashion design leadership combined with an aspirational jet-set luxury in-store experience. As we continue to successfully execute on our strategic initiatives, we remain excited about our future growth potential."   For Q2 FY 2014, the Company expects total revenue to be within $695 million to $705 million, and diluted EPS to be in the range of $0.62 to $0.64. For FY 2014, Michael Kors anticipates total revenue to be within $2.8 billion to $2.9 billion and diluted EPS to be between $2.67 and $2.69. The Full Research Report on Michael Kors Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/07fe_KORS]

--

Ctrip.com International Ltd. Research Report

On July 31, 2013, Ctrip.com International Ltd. (Ctrip) reported its Q2 2013 financial results with net revenue rising 27.9% YoY to RMB1.2 billion. Net income attributable to Ctrip's shareholders was RMB210.4 million, or RMB5.88 per diluted share, in Q2 2013, compared to RMB119.7 million or RMB3.26 per diluted share, in Q2 2012. Commenting on the results, Chairman of the Board and CEO of Ctrip, James Liang, said, "Mobile Internet is changing the travel industry rapidly and our mobile strategy builds upon Ctrip's one-stop travel platform that features comprehensive products, industry leading service quality, and competitive prices. Transactions from Ctrip mobile channels tripled year-over-year in the second quarter and contributed to over 20% of hotel booking and approximately 15% of air ticket booking. We are excited to embrace the changes in the travel industry in China and will endeavor to create more value for our business partners and customers in an innovative fashion." Ctrip anticipates Q3 2013 net revenue to increase by approximately 20-25% YoY. The Full Research Report on Ctrip.com International Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f354_CTRP]

--

Home Inns & Hotels Management Inc. Research Report

On August 12, 2013, Home Inns & Hotels Management Inc. (Home Inns & Hotels Management) reported its Q2 2013 financial results with total revenue up 10.5 % YoY to RMB1.6 billion. Net income was RMB94.8 million, or RMB0.84 per diluted share, in Q2 2013, compared to net income of RMB36.4 million, or RMB0.37 per diluted share, in Q2 2012. Commenting on the results, Mr. David Sun, CEO of Home Inns & Hotels Management, said, "Navigating through a persistently challenging business environment, the Company maintained steady revenue performance and delivered another quarter of margin expansion year over year. In spite of tough market conditions, Motel 168 hotels continued their trend of performance improvements as a result of solid execution of our integration plans. Our cost control and productivity measures have proven effective in generating sustainable benefits to protect margin. Meanwhile, the gradual increase of revenues from franchise operations will provide a steady support for profitability enhancements going forward." For Q3 2013 and full year 2013, the Company expects revenue to be within RMB 1,735 million to RMB 1,765 million, and  RMB 6,350 million to RMB 6,500 million, respectively. The Full Research Report on Home Inns & Hotels Management Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e93e_HMIN]

--

Signet Jewelers Limited Research Report

On August 14, 2013, Signet Jewelers Limited (Signet) announced that the Company is scheduled to release its Q2 2013 results on August 29, 2013 at approximately 6:30 a.m. EDT. According to Signet, a conference call will be held on the same day at 8:30 a.m. EDT.  The Full Research Report on Signet Jewelers Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5805_SIG]

--

Zale Corporation Research Report

On August 13, 2013, Zale Corporation (Zale) announced that the Company will release its Q4 FY 2013 and FY 2013 (period ended July 31, 2013) results before the market opens on August 28, 2013. Zale also informed that its management will also hold a conference call at 9:00 a.m. ET the same day to discuss the financial results. The Company stated that replay of the webcast will be available for 30 days and can be accessed by visiting Zale's website. The Full Research Report on Zale Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8445_ZLC]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

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Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

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Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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