Somewhat upscale jeans designer and marketer Joe's Jeans Inc (NASDAQ: JOEZ), a potential peer of VF Corp (NYSE: VFC) and Michael Kors Holdings Ltd (NYSE: KORS), is scheduled to report Q2 2014 earnings after the market closes on Thursday. Aside from the Joe's Jeans Inc earnings report, it should be said that VF Corp reported Q1 2014 on April 25th (earnings beat on higher revenues plus VFC raised its outlook as quarterly profit rose) and is scheduled to report Q2 2014 earnings on July 18th while Michael Kors Holdings Ltd reported Q4 2014 earnings on May 28th (shares stumbled as gross margins frayed) and will report Q1 2015 earnings on August 4th.
What Should You Watch Out for With the Joe's Jeans Inc Earnings Report?First, here is a quick recap of Joe's Jeans Inc's recent earnings history from Yahoo! Finance:
| EPS Est | 0.03 | 0.02 | -0.02 | -0.04 |
| EPS Actual | 0.02 | 0.01 | 0.03 | 0.00 |
| Difference | -0.01 | -0.01 | 0.05 | 0.04 |
| Surprise % | -33.30% | -50.00% | 250.00% | 100.00% |
Last April, Joe's Jeans Inc reported a consolidated first quarter net sales increase of 61% to $47.3 million as the company completed its acquisition of Hudson Clothing Holdings, Inc on September 30th, 2013 (the deal was for $97.6 million) with results for the first quarter of fiscal 2014 reflecting the first full quarter of operation for Hudson as a subsidiary. Joe's Jeans Inc had a net loss of $2.2 million verses a net loss of $6.4 million in the prior year period. The President/CEO commented:
"The addition of $17.3 million in wholesale net sales from Hudson added to the top and bottom line for our wholesale operations for the quarter. We were also pleased to see growth from both our Joe's® men's and women's wholesale divisions for the quarter on a comparative basis and we are optimistic about our wholesale channel as we move into the back half of the year."
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And:
"Our retail division continues to develop and mature along with our same store sales base. Both our Joe's® and Hudson® e-shops continue to drive sales and profits for our retail segment."
This time around and according to the Yahoo! Finance analyst estimates page, the consensus expects
On the news front, there really has not been much in the way of news about Joe's Jeans Inc over the past few months.It should be noted that last year's merger with Hudson Clothing Holdings, a leading global designer and marketer of women's and men's premium branded denim apparel, does present a number of opportunities for the company. When the merger was completed, the President/CEO commented:
"The combination of our two organizations, which doubles the size of our business, significantly enhances our prospects for growth across wholesale, retail and e-commerce, both domestically and overseas. The combination also provides operating and supply chain benefits that should drive meaningful cost savings in the future and underscores our positive outlook."
What do the Joe's Jeans Inc Charts Say?The latest technical chart for Joe's Jeans Inc shows the stock trending downward since the beginning of March but it also appears that downtrend may have reversed itself:
Nevertheless, the stock has been all over the place over the past five years while VF Corp and Michael Kors Holdings Ltd have been steady performers:
The technical chart for VF Corp shows the stock has been in a solid uptrend for some time while Michael Kors Holdings Ltd has trended down a bit since March:
The acquisition of Hudson Clothing Holdings should be a good move for the long term but Joe's Jeans Inc still needs to show that it can be consistently profitable as it has produced a net loss last year as well as in 2011.
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