+------------------------------------------------------------------------------+
*GERMANY MULLS SALE OF DEUTSCHE TELEKOM SHARES, REUTERS SAYS 2014-02-05 14:54:17.696 GMT
--GAURAV PANCHAL
-0- Feb/05/2014 14:54 GMT
Polo Ralph Lauren Corp CFO: expect FY15 revenue up in the high single digits with margin down y/y - conf call comments
Buffalo Wild Wings down 6% following earnings/guidance; peers also lower
A few QSR/restaurant names in the red: BWLD -6.2%, CHUY -2.1%, RUTH -2.3%, PBPB -1.7%, JACK -1.5%, YUM -1.5%, SONC -1.5%, KKD -1.2%, RT -1.3%, SBUX -1.1%, BLMN -1%, DRI -1.1%, NDLS -1%, BJRI -1%, TXRH -0.9%, PNRA -0.9%, CAKE -0.8%, CMG -0.9%, MCD -0.6%, DIN -0.5%, EAT -0.5%, WEN -0.6%, BKW -0.2%, TAST -0.2%,
Estee Lauder Inc CEO: Ecommerce sales growing across brands and regions worldwide - conf call
- Expect retail sales growth to outpace travel sales through the rest of the FY
- Increasing emerging market retail stores to improve growth in those regions, opening 50 stores worlwide
- Heritage markets performed well despite the shorter holiday selling season
- Japan's economic strength reflected improved sales in the region
- Emerging markets continue growing by double digits (local currency), primarily in online sales of the Clinique brand
- China prestige growth solid; slowdown concentrated in Tier 1 cities with smaller cities still seeing strong growth as EL brands maintained leading sales positions in prestige sales
- Increasing emerging market retail stores to improve growth in those regions, opening 50 stores worlwide
- Heritage markets performed well despite the shorter holiday selling season
- Japan's economic strength reflected improved sales in the region
- Emerging markets continue growing by double digits (local currency), primarily in online sales of the Clinique brand
- China prestige growth solid; slowdown concentrated in Tier 1 cities with smaller cities still seeing strong growth as EL brands maintained leading sales positions in prestige sales
Italy Development Min Zanonato: Chysler autos crucial for Italy economy - comments in Parliament
- Has asked Chairman to clarify plans for Italy
+------------------------------------------------------------------------------+
BN 02/05 14:05 Richemont’s Net-A-Porter May Fetch $3.4 Billion, Vontobel Says
+------------------------------------------------------------------------------+
Richemont’s Net-A-Porter May Fetch EU2.5b, Vontobel Says 2014-02-05 14:10:43.321 GMT
By Jurjen van de Pol Feb. 5 (Bloomberg) -- Cie. Financiere Richemont online fashion retailer Net-a-Porter may be worth as much as EU2.5b based on comparison with possible value of German rival Zalando, Vontobel says in note. * Story: NSN N0J0HI6JTSEB<GO>
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO> --Editor: James Ludden
To contact the reporter on this story: Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or jvandepol@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net
Allergan, Inc Reports Q4 $1.35 v $1.34e, R$1.68B v $1.65Be
- Guides Q1 $1.09-1.12 v $1.22e; Rev $1.525-1.600B v $1.59Be
- Guides initial FY14 $5.36-5.48 v $5.52e; total net product sales $6.65-6.95B v $6.72Be
- CEO: "We are pleased to have once again achieved our double digit revenue and mid teens earnings per share growth aspirations for full year 2013 as we benefited from many regulatory approvals in the past few years. Furthermore, we look forward to delivering similar revenue and earnings growth in 2014."
- Guides initial FY14 $5.36-5.48 v $5.52e; total net product sales $6.65-6.95B v $6.72Be
- CEO: "We are pleased to have once again achieved our double digit revenue and mid teens earnings per share growth aspirations for full year 2013 as we benefited from many regulatory approvals in the past few years. Furthermore, we look forward to delivering similar revenue and earnings growth in 2014."
PIMCO's Crescenzi: New CBO data indicates that UST issuance will fall, which is supportive and offsets Fed taper
3D Systems drops 15% on guidance - peers on radar XONE SSYS ONVO
3-D Systems Corp Reports prelim FY13 EPS $0.83-0.87 v $0.97e, Rev $513-514M v $513Me
- Guides initial FY14 EPS $0.73-0.85 v $1.29e, R$680-720M v $669Me
- Compared to its expectations, the company experienced much stronger professional 3D printers and materials demand and softer on-demand parts and consumer demand during the fourth quarter. As a result, the company expects to report its December backlog nearly doubled sequentially to $28 million which included multiple advanced manufacturing 3D printers orders that it plans to deliver over the next year. These are preliminary, unaudited results based on current expectations and actual results may differ.
- The company expects to report that its gross profit margin remained materially unchanged despite expanding unfavorable mix pressure that resulted in a slight decrease for the quarter. Consistent with management's prior comments and actions, the company expects to report that its non-GAAP earnings per share compressed as a result of a substantial increase to its R&D expenditure related to its accelerated new product developments, a step up in sales and marketing expenses related to its rapid products channel expansion and higher costs related to its acquisition concentration during the quarter.
- Management believes that the ultimate measure of the company's success will be the sustainable value it creates over the long term and expects greater value to be created as a direct result of its ability to extend and solidify its leadership position via these accelerated actions and investments. Management continues to balance its focus on growth with emphasis on long-term profitability, but given the near term opportunities, is choosing to prioritize growth because it believes that scale is central to achieving the full potential of its business model
- CEO: "Consistent with our previous comments, during the fourth quarter we made very significant R&D, manufacturing and marketing investments designed to accelerate revenue growth that resulted in substantially compressed earnings for the fourth quarter. As we previously stated, we are willing to tolerate earnings reduction and even slight gross profit margin compression during this period to substantially accelerate our growth rate and market share. We firmly believe that these accelerated investments that already resulted in the announcement of 24 new products over the past nine weeks position the company to double its revenue over the next couple of years on organic growth of at least 30% going forward and to achieve greater earnings power and profitability over the long term."
- The company expects to report final fourth quarter and full year 2013 results on February 28, 2014
- Compared to its expectations, the company experienced much stronger professional 3D printers and materials demand and softer on-demand parts and consumer demand during the fourth quarter. As a result, the company expects to report its December backlog nearly doubled sequentially to $28 million which included multiple advanced manufacturing 3D printers orders that it plans to deliver over the next year. These are preliminary, unaudited results based on current expectations and actual results may differ.
- The company expects to report that its gross profit margin remained materially unchanged despite expanding unfavorable mix pressure that resulted in a slight decrease for the quarter. Consistent with management's prior comments and actions, the company expects to report that its non-GAAP earnings per share compressed as a result of a substantial increase to its R&D expenditure related to its accelerated new product developments, a step up in sales and marketing expenses related to its rapid products channel expansion and higher costs related to its acquisition concentration during the quarter.
- Management believes that the ultimate measure of the company's success will be the sustainable value it creates over the long term and expects greater value to be created as a direct result of its ability to extend and solidify its leadership position via these accelerated actions and investments. Management continues to balance its focus on growth with emphasis on long-term profitability, but given the near term opportunities, is choosing to prioritize growth because it believes that scale is central to achieving the full potential of its business model
- CEO: "Consistent with our previous comments, during the fourth quarter we made very significant R&D, manufacturing and marketing investments designed to accelerate revenue growth that resulted in substantially compressed earnings for the fourth quarter. As we previously stated, we are willing to tolerate earnings reduction and even slight gross profit margin compression during this period to substantially accelerate our growth rate and market share. We firmly believe that these accelerated investments that already resulted in the announcement of 24 new products over the past nine weeks position the company to double its revenue over the next couple of years on organic growth of at least 30% going forward and to achieve greater earnings power and profitability over the long term."
- The company expects to report final fourth quarter and full year 2013 results on February 28, 2014
*SYNGENTA REMOVED FROM CONVICTION BUY LIST AT GOLDMAN SACHS