Headquartered in Baltimore, Md., Prime Retail owns and operates 21 outlet shopping centers in the U.S. and Puerto Rico. Spanning more than 8.2 million square feet throughout major United States markets and Puerto Rico, Prime Retail is home to more than 450 leading designer and name-brands such as Gucci, Giorgio Armani, Burberry, kate spade, Michael Kors, St. John, Juicy Couture, Stuart Weitzman, Saks Fifth Avenue OFF 5TH and Neiman Marcus Last Call.Michael Kors oro rosa The company’s retail outlets serve major markets including Orlando, Pittsburgh, Washington, D.C., Austin/San Antonio, Texas and Williamsburg, Va., among many more. In addition Prime Retail currently has nearly one million square feet in its development pipeline in markets including the Dallas/Fort Worth metro area and San Francisco Bay region.
With more than 80% of Q3 results already on the books, the picture emerging from this reporting cycle is decent enough; it’s not great, but it’s not bad either.In terms of growth rates, beat ratios and guidance, it’s a mixed bag when Q3 results are viewed in the context of other recent periods.Michael Kors oro rosa Some metrics are showing an improvement, such as a modestly bigger ratio of companies is beating earnings estimates and the revenue growth rate appears to have picked up. But other metrics are showing weakness, such as the relatively lower earnings growth rate and the fewer positive revenue surprises.
Michael Kors oro rosa The guidance picture is no different from what we have been seeing in recent quarters, with a majority of the companies providing guidance guiding lower, with Michael Kors (NYSE: KORS-Free Report), Priceline (Nasdaq: PCLN-Free Report) and Este Lauder (NYSE: EL-Free Report) as the latest in a long line of leading operators providing weak outlook.As a result, estimates for the current quarter (2014 Q4) are following the all-too-familiar pattern of sliding down.In some aspects, the negative revisions trend for the current quarter is somewhat more pronounced than what we had seen at a comparable stage in the preceding reporting cycle.