Express Scripts reported underwhelming first-quarter results on Thursday evening. While the company continues to do an enviable job at driving improved profitability per claim, overall claims volume was light and management expects that pattern to persist for the full year, prompting a $0.06 per share EPS guidance reduction. Claims volume has been the company’s weakness…
Luxottica Signs New License Agreement With Michael Kors
Luxottica and Michael Kors announced a new exclusive 10-year license agreement under which Luxottica will design, manufacture, and distribute prescription frames and sunglasses for Michael Kors beginning spring 2015. Michael Kors had previously worked with smaller eyewear manufacturer Marchon since 2004. The agreement is positive for both Luxottica and Michael Kors. With regard to Luxottica,…