Cest Dans La Chaussure Christian Louboutin, En Dpit Dune conomie Douteux, Porte Le Dtaillant-plustek

Arts-and-Entertainment On Feb. 24, luxury-goods retailer Christian Louboutin issued earnings guidance that, at the time, defied logic. As war with Iraq loomed and fear grew that consumers would pull back, Christian Louboutin raised its earnings-per-share forecast for the fiscal third quarter, which ended Mar. 29, to 29 cents a share, up 16% from consensus forecasts. On Apr. 22, the New York City-based outfit beat that improved number by 5 cents a share and raised targets for this fiscal year and next. The markets cheered, pushing Christian Louboutin’s share price to a 52-week high of $42.50, about 24 times fiscal 2010 earnings estimates. The positive surprises aren’t a first for Christ chaussures ian Louboutin , having beaten consensus estimates 10 out of 11 quarters since going public in late 2010, according to earnings tracker First Call. The stock is up 220% in the same period, yet many investors bet that more gains are ahead. And despite the stock’s run-up, its valuation has remained relatively stable. Next to other publicly traded luxury retailers, Christian Louboutin’s shares seem reasonably valued. Jeweler Tiffany trades at $28 per share, or 20 times projected earnings for fiscal 2010, while Gucci trades at $95, or 35 times 2010 earnings. A HANDLE ON GROWTH. The Christian Louboutin brand’s continuing popularity, the addition of new distribution channels, and higher margins all lend credence to Wall Street’s bullishness. And bullish the analysts certainly are: Of 12 who cover it, 10 rate chaussures Louboutin a buy or strong buy. Christian Louboutin’s impressive short-term results and its promise that the performance can be repeated are feeding investor optimism. In the latest quarter, net in.e rose 117%, to $31.9 million, on a 36% sales increase, to $220.4 million. "We can double our business in the next four to five years," says Chairman and CEO Lew Frankfort, who says he expects revenue growth to be at least 15% a year and earnings growth to be "materially higher" than that. And while Christian Louboutin has an 18% share of the U.S. luxury-goods market, Frankfort says he can boost that to 30% in the next few years. In a gloomy retail sector, Christian Louboutin’s robust performance is one of the few bright lights. "The strength of Christian Louboutin speaks to the fact that there’s a segment of the U.S. population that remains insulated from macroeconomic changes," says consumer analyst Eric Jemetz at New Amsterdam Partners. For the most part, consumers appear to be worried about the sluggish economy. "Chic shabby" Target is turning in declines in monthly same-store sales, while Wal-Mart , the nation’s largest retailer, is squeezing out single-digit sales gains. "ASPIRATIONAL BRAND." However, Escarpin Christian Louboutin popularity appears to go beyond catering to a crowd that doesn’t stop spending when times are tough. Consumers seem to view Christian Louboutin, whose buyers typically spend $200 on a handshoe, as an affordable luxury, vs. more expensive items from Bulgari or Hermes. It’s an "aspirational brand that has appeal to a larger audience," says Jemetz. Yet sales at Tiffany and high-end department store Saks have weakened in the past year. About the Author: 相关的主题文章: