05 February 2015

Katy Perry and Victoria's Secret busting out, Keurig Green Mountain brewers a bust



Shares of L Brands (LB), the parent of Victoria's Secret, are up 6% after reporting a whopping 7% comp store sales. The former Limited Brands, which also owns Bath & Body Works, says earnings could be as high as $1.80 a share for the fourth quarter, well above prior guidance of $1.71. If you look through the statement carefully you'll see absolutely nothing about mall traffic! Funny how the retailers hitting on all cylinders tend to carry goods that customers manage to find.


Speaking of which, shares of Glu Mobile (GLUU) are up more than 20% after the designers of the Kim Kardashian video game announced better than expected earnings last night. Sales were much stronger than expected. For good measure, Glu inked a deal with Katy Perry, fresh off her Super Bowl XLIX performance, for some sort of games to be named later. Probably surrounding the Left Shark or Hollywood. To be honest, it doesn't seem to matter much. Katy Perry is awesome and has 64 million Twitter (TWTR) followers. Boom, Boom, Boom, baby.
And turns out Keurig Green Mountain's (GMCR) brewers, especially the Keurig 2.0, were a bust during the holiday season. While CEO Brian Kelly says the weak demand is likely temporary, Wall Street isn't waiting around. Shares are hovering at a nine-month low and have dropped over 12% already this year. During the quarter reported, revenue of $1.39 billion was flat from the year-ago period, while profits declined to $0.88 cents a share.  This may not bode well for its cold machines due out later this year and its partner Coca-Cola (KO) and Dr. Pepper (DPS). 

Original post found here: http://finance.yahoo.com/news/katy-perry-and-victoria-s-secret-busting-out--keurig-green-mountain-brewers-a-bust-164127432.html

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