Templates by BIGtheme NET
cg33333

CG Stocks Assessment! Dr Pepper Snapple Group Inc. (DPS), Kate Spade & Co (KATE)

Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) ended Friday session in green amid volatile trading. The shares closed up +0.59 points or 0.65% at $91.31 with 969,451 shares getting traded. Post opening the session at $91.17, the shares hit an intraday low of $90.60 and an intraday high of $91.65 and the price vacillated in this range throughout the day. The company has a market cap of $17.04 billion and the numbers of outstanding shares have been calculated to be 185.40 million shares.

Dr Pepper Snapple Group Inc. (DPS) on Sept. 22, 2016 announced the appointment of José Gutiérrez to its board of directors.

Mr. Gutiérrez, 55, serves as senior executive vice president and chief of staff to the chairman and CEO of AT&T. Prior to assuming his current role in 2015, he held several senior executive positions at AT&T, including president and CEO of Southwestern Bell (AT&T Southwest), president of AT&T Global Enterprise Solutions, president of AT&T Wholesale and Access Solutions, president and CEO of AT&T Advertising Solutions and president of Industry Markets.

“Over the course of 25 years at AT&T, José has built a highly accomplished career leading large, diverse teams serving business and residential customers across the U.S. and around the world,” said Wayne R. Sanders, DPS chairman. “With this experience, along with his passion for customer service, he is a great fit for the board of a company like ours where customer centricity is a core value.”

Shares of Kate Spade & Co (NYSE:KATE) ended Friday session in red amid volatile trading. The shares closed down -0.21 points or -1.21% at $17.13 with 2,587,051 shares getting traded. Post opening the session at $17.52, the shares hit an intraday low of $17.06 and an intraday high of $17.53 and the price vacillated in this range throughout the day. The company has a market cap of $2.17 billion and the numbers of outstanding shares have been calculated to be 128.03 million shares.

Kate Spade & Co (KATE) on Aug. 3, 2016 announced results for the second quarter ended July 2, 2016.

SECOND QUARTER RESULTS

Overall Results

Net sales for the second quarter of 2016 were $320 million, an increase of $39 million, or 13.7% compared to the second quarter of 2015. Net sales for the second quarter of 2016 increased $47 million, or 17.2%, excluding sales for wind-down operations for the second quarter of 2015. Second quarter 2016 direct-to-consumer comparable sales growth was 4%, or 1% excluding eCommerce. Comparable sales per square foot for kate spade new york stores were $1,619 for the latest twelve months, compared to $1,611 for the twelve month period ended April 2, 2016.

Gross profit as a percentage of net sales was 59.7% for the second quarter of 2016, compared to 61.0% for the second quarter of 2015. Gross profit as a percentage of net sales was 61.6%, excluding the impact of wind-down operations for the second quarter of 2015.

Selling, general & administrative expenses were $157 million, or 49.0% of net sales in the second quarter of 2016, compared to $154 million, or 54.8% of net sales in the second quarter of 2015. Selling, general & administrative expenses in the second quarter of 2015 were $143 million, or 52.3% of net sales, excluding the results of wind-down operations and expenses associated with streamlining activities.

Income from continuing operations was $25 million, or $0.19 per diluted share in the second quarter of 2016, compared to $9 million, or $0.07 per diluted share, in the second quarter of 2015. Diluted earnings per share from continuing operations in the second quarter of 2016 using a normalized tax rate were $0.11, compared to adjusted diluted earnings per share of $0.08 in the second quarter of 2015.

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

ăn dặm kiểu NhậtResponsive WordPress Themenhà cấp 4 nông thônthời trang trẻ emgiày cao gótshop giày nữdownload wordpress pluginsmẫu biệt thự đẹpepichouseáo sơ mi nữhouse beautiful