NEW YORK, March 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
ANN Inc. (NYSE: ANN), L Brands, Inc. (NYSE: LB), Genesco Inc.
(NYSE: GCO), The Jones Group Inc. (NYSE: JNY), and The Children's
Place Retail Stores, Inc. (NASDAQ: PLCE). Private wealth members
receive these notes ahead of publication. To reserve complementary
membership, limited openings are available at:
http://www.AnalystsReview.com/register
ANN Inc. Analyst Notes
On March 14, 2014, ANN Inc. (Ann)
announced a strategic realignment of its organization in order to
support an integrated stores/ecommerce structure and position the
Company for accelerated growth and efficiency. The Company has
named Gary Muto to the position of
President, ANN Brands,and will be
primarily focused on design, merchandising and marketing for all
channels of the Ann Taylor and LOFT brands. The Company also
announced that it has streamlined its operations, eliminating
approximately 100 positions from its corporate workforce. The
Company expects to record a pre-tax restructuring charge of
approximately $15 million in
connection with the realignment, the vast majority of which is
expected to be incurred in Q1 FY 2014. The full analyst notes on
ANN Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/ANN/report.pdf
L Brands, Inc. Analyst Notes
On March 6, 2014, L Brands, Inc.
(L Brands) reported its SalesResults for the month of February 2014 (four week period ended
March 1, 2014). Comparable store
sales grew 2% YoY as compared to a 3% YoYgrowth registered in
February 2013. Further, net sales
grew 5.2% YoY to $750 million in
February 2014. The Company opened one
LBrand store and closed down five during the month,operating a
total of 2,919 stores as of March 1,
2014. The full analyst notes on L Brands, Inc. are available
to download free of charge at:
http://www.AnalystsReview.com/03192014/LB/report.pdf
Genesco Inc. Analyst Notes
On March 13, 2014, Genesco Inc.
(Genesco) reported its Q4 FY2014 and full-year FY 2014 financial
results (period ended February 1,
2014). For the quarter, net sales totaled $792.5 million compared to $796.7 million in Q4 FY2013. Net earnings were
$42.2 million compared to
$38.8 million in Q4 FY2013, and net
earnings per share were $1.81
compared to $1.66 in Q4 FY2013. For
FY 2014, net sales grew marginally by 0.8% YoY to $2.6 billion. Net earnings were $92.7 million compared to $112.44 million in FY 2013, while earnings per
share were $3.98 compared to
$4.76 in FY 2013. Robert J. Dennis, Chairman, President and CEO of
Genesco said, "Our Fiscal 2014 performance reflects a challenging
selling environment throughout the year, including the fourth
quarter. While our overall results were lower than we planned, we
are confident the fundamentals of our business remain intact." The
full analyst notes on Genesco Inc. are available to download free
of charge at:
http://www.AnalystsReview.com/03192014/GCO/report.pdf
The Jones Group Inc. Analyst Notes
On March 3, 2014, The Jones Group
Inc. (The Jones Group) announced that it has scheduled a special
meeting of The Jones Group shareholders on April 7, 2014 at 2:00 p.m.
ET. The meeting will be held at the offices of Cravath,
Swaine& Moore LLP New York, New
York. The Company said that the goal of the meeting is to
consider and vote upon the previously announced agreement entered
into with Sycamore Partners on December 19,
2013, pursuant to which, subject to the satisfaction of
various conditions set forth therein, affiliates of Sycamore
Partners will acquire The Jones Group for $15.00 per share in cash. If the merger agreement
is adopted at the special meeting, the Company expects the
transaction to be completed in Q2 2014. The full analyst notes on
The Jones Group Inc. are available to download free of charge
at:
http://www.AnalystsReview.com/03192014/JNY/report.pdf
Children's Place Retail Stores, Inc. Analyst Notes
On March 6, 2014, The Children's
Place Retail Stores, Inc. (The Children's Place) announced that its
Board of Directors has authorized and declared a quarterly, cash
dividend of $0.1325 per share. The
dividend is payable on April 17, 2014
for shareholders of record at the close of business on March 27, 2014. The quarterly dividend is the
first for The Children's Place since becoming a public company in
1997. Further, the Company announced that it has approved a
$100 million share repurchase
authorization as part of its strategy to return excess capital to
shareholders. In conjunction with the expanded capital return
program, the Company amended its existing credit facility to
increase its line of credit to $200
million from $150 million and
to permit dividend payments on the same basis as stock repurchases.
The full analyst notes on Children's Place Retail Stores, Inc. are
available to download free of charge at:
http://www.AnalystsReview.com/03192014/PLCE/report.pdf
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