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$VFC 2Q15 Q&A: Yruma of KeyBanc asked about timing of Nautica reboot. Eric replied that VFC is at the front end of this and just finished its consumer segmentation study. From a timing, will continue to see improvement over the next 12-18 months as the team locks on to this new model and new strategy and putting differentiated products.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.