NEW YORK, May 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Carnival Corporation (NYSE: CCL), Staples, Inc. (NASDAQ: SPLS), Mercadolibre, Inc. (NASDAQ: MELI), Dick's Sporting Goods Inc. (NYSE: DKS) and Urban Outfitters Inc. (NASDAQ: URBN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2810-100free.
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Carnival Corporation Analyst Notes
On May 19, 2014, Carnival Corporation (Carnival) announced plans to significantly expand its market leadership in Australia which is one of the fastest growing markets in the cruise industry. The Company informed that P&O Cruises (Australia), one of Carnival's 10 brands, will add two ships to its fleet in 2015, in view of the 130% increase in the Australian cruise passenger numbers in the last five years and projections of 800,000 cruise passengers in 2013 growing to one million by 2016. Arnold Donald, CEO of Carnival, commented, "By any measure, Australia is one of the top performing cruise markets in the world, with an eye-popping average annual passenger growth rate of 20 percent over the past decade." The full analyst notes on Carnival are available to download free of charge at:
http://www.analystsreview.com/2810-CCL-22May2014.pdf
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Staples, Inc. Analyst Notes
On May 20, 2014, Staples, Inc. (Staples) announced its financial results for Q1 FY 2014 (period ended May 3, 2014). During the quarter, the Company's sales fell 2.8% YoY to $5.7 billion, partly attributed to changes in foreign exchange rates and store closures in North America during its previous fiscal year. Staples informed that it closed 16 stores in North America during the quarter and finalized plans to close another 80 stores in Q2 FY 2014. Net income for Q1 FY 2014 came in at $96.2 million, or $0.15 per diluted share, as compared to $169.9 million, or $0.26 per diluted share, in Q1 FY 2013. On an adjusted basis, the Company earned $0.18 per diluted share, and missed the Reuters consensus estimate of $0.21 per diluted share. For Q2 FY 2014, Staples expects to achieve fully diluted non-GAAP EPS in the range of $0.09 to $0.14. The full analyst notes on Staples are available to download free of charge at:
http://www.analystsreview.com/2810-SPLS-22May2014.pdf
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Mercadolibre, Inc. Analyst Notes
On May 16, 2014, Mercadolibre, Inc. (Mercadolibre) announced that the Company will no longer use Venezuela's SICAD 1 floating exchange rate, currently at 10 bolivars per U.S. dollar, and has adopted the SICAD 2 floating rate of approximately 50 bolivars per U.S. dollar, effective immediately. MercadoLibre cited the lack of access to the SICAD 1 rate and the greater likelihood of settling transactions at the SICAD 2 rate as the reasons for this change which, the Company expects, will lead to one-time re-measurement charge between $47 million and $57 million in Q2 2014 due to the write-down of all of its bolivar-denominated assets. The Company also expects this change to reduce its Q2 2014 revenues from Venezuelan segment by $12 million to $18 million, compared with the year-ago period. The full analyst notes on Mercadolibre are available to download free of charge at:
http://www.analystsreview.com/2810-MELI-22May2014.pdf
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Dick's Sporting Goods Inc. Analyst Notes
On May 20, 2014, Dick's Sporting Goods Inc. (Dick's) reported its financial results for Q1 FY 2014 (period ended May 3, 2014). Dick's non-GAAP net income during the quarter came in at $61.3 million, or $0.50 per diluted share, and fell short of the Company's own previously announced guidance range of $0.51 to $0.53 per diluted share. Net sales for the quarter increased 7.9% YoY to $1.7 billion. The Company's comparable store sales growth of 1.5% also missed its own guidance of an approximate 3% - 4% increase. Dick's attributed the weak performance in Q1 FY 2014 to significant weakness in gold and hunting, which also overshadowed strength in athletic apparel, footwear and eCommerce business. Expecting the weak trend in golf and hunting to continue, the Company also slashed its FY 2014 non-GAAP diluted EPS guidance to $2.70 to 2.85 versus a range of $3.03 to 3.08 forecasted earlier. The full analyst notes on Dick's Sporting Goods are available to download free of charge at:
http://www.analystsreview.com/2810-DKS-22May2014.pdf
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Urban Outfitters Inc. Analyst Notes
On May 19, 2014, Urban Outfitters Inc. (Urban Outfitters) announced its Q1 FY 2015 earnings results (period ended April 30, 2014). The Company reported an increase of 5.9% YoY in net sales to $686.3 million for the quarter. For Q1 FY 2015, the net income came in at $37.5 million, or $0.26 per diluted share, versus $47.1 million, or $0.32 per diluted share, in Q1 FY 2014. Commenting on the performance, Richard A. Hayne, CEO, Urban Outfitters, said, "I am pleased to announce record URBN first quarter sales driven by strong performances at both the Anthropologie and Free People brands." The full analyst notes on Urban Outfitters are available to download free of charge at:
http://www.analystsreview.com/2810-URBN-22May2014.pdf
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