The Fresh Market, Inc. Reports First Quarter 2013 Earnings
- Earnings Per Diluted Share Increased 14.6% to $0.46 - Net Sales Increased 12.9% - Comparable Store Sales Increased 3.0%
The Fresh Market, Inc. (TFM), a high-growth specialty retailer, today announced unaudited sales and earnings results for its first quarter ended April 28, 2013.
In the first quarter of fiscal 2013, net sales increased 12.9% to $366.6 million and comparable store sales increased 3.0%, compared to the corresponding thirteen week period ended April 29, 2012.
MTY enters into an agreement to acquire the assets of Extreme Pita, PurBlendz and Mucho Burrito
MTY Food Group Inc. ("MTY" or the "Company") (TSX:MTY), franchisor and operator of multiple concepts of quick service restaurants, announced today that its wholly-owned subsidiary MTY Tiki Ming Enterprises Inc. has entered into a binding agreement to acquire most of the assets of a group of companies from the 3 co-founders, Mr. Alex Rechichi, Mr. Mark Rechichi, and Mr. Sean Black, who own and operate the Extreme Pita, PurBlendz and Mucho Burrito concepts ("Extreme Brandz") www.extremebrandz.com, for a total consideration of $45 million, making it the biggest acquisition in MTY's history. It will be paid from MTY's cash on hand and available line of credit.
rue21 Enters Into Definitive Agreement to be Acquired by Funds Advised by Apax Partners for $42.00 Per Share in Cash
Represents 42% Premium to 90-Day Volume Weighted Average Price Independent Special Committee to Conduct "Go-Shop" Process Company Expects to Report First Quarter 2013 Diluted EPS of $0.44 per Share
rue21, inc. (RUE), a leading specialty apparel retailer of girls and guys apparel and accessories, and Apax Partners, a global private equity firm, today announced a definitive agreement under which funds advised by Apax Partners will acquire all outstanding shares of rue21 for $42.00 per share in cash. The transaction is valued at approximately $1.1 billion. The transaction price represents a premium of approximately 23% to yesterday's closing share price and approximately 42% to the 90-day volume weighted average price (VWAP).
Zale Corporation Reports Third Quarter Fiscal 2013 Results
Net earnings of $5 million, or $0.13 per diluted share, compared to a loss of $5 million in the prior year quarter Gross margin of 52.6 percent, up 130 basis points from prior year quarter Operating margin of 2.2 percent, up 80 basis points from prior year quarter Comparable store sales up 1.4 percent; up 2.6 percent on a constant currency basis and excluding February 29, 2012 Zales branded stores up 3.0 percent; up 3.9 percent excluding February 29, 2012 Year-to-date net earnings of $18 million, or $0.45 per diluted share, compared to loss of $8 million, or $0.23 per diluted share, in the prior year
Zale Corporation (ZLC) today reported its financial results for the third quarter ended April 30, 2013.
Overhill Farms Signs Definitive Agreement to Be Acquired by Bellisio Foods
Overhill Farms, Inc. (NYSE MKT: OFI) and Bellisio Foods, Inc. today announced that they have entered into a definitive merger agreement for Bellisio Foods to acquire Overhill Farms in a merger transaction valued at approximately $80.9 million.
Under the terms of the agreement, Overhill Farms shareholders will receive $5.00 in cash for each share of Overhill Farms common stock they own. The transaction represents a 26% premium over the closing price of Overhill Farms common stock on August 13, 2012, prior to the Company's announcement that it was reviewing strategic alternatives, and a 25% premium over the average of the closing price of the common stock during the 60 calendar days ended May 13, 2013, the last day prior to entering into the merger agreement.
Reed's Inc. 1st Quarter 2013 Revenues Increase 24%
Reed's, Inc. (NYSE MKT: REED), maker of the top-selling sodas in natural food stores nationwide, today announced its revenues for its first quarter ended March 31, 2013, and its earnings release date of May 14, 2013.
Revenues for the first quarter of 2013 increased 24% to over $8 million from $6.5 million in the first quarter of 2012. Chris Reed, Founder and CEO, stated, "This is our fourth year of significant growth. Our revenue goals for this first quarter were exceeded and indicate the strength of our continued growth momentum. This is an exciting year unfolding as we continue to expand revenues with our core brands of Reed's Ginger Brews and Virgil's Natural Sodas. Our new Reed's Culture Club Kombucha line of live probiotic cultured teas continues to roll out and gain acceptance. In addition, we continue to develop significant new private label production opportunities. We anticipate continued strong growth for the rest of 2013."
Appliance Recycling Centers of America Reports First Quarter Operating Results
Company Posts Revenue Increase, Returns to Profitability
Appliance Recycling Centers of America, Inc. (ARCI), a leading provider of appliance retailing and recycling services, today reported operating results for the first quarter ended March 30, 2013.
Total revenues increased 3.3% to $30.4 million versus $29.4 million for the first quarter of 2012. Overall, the Company reported consolidated net income of $0.2 million, or $0.03 per diluted share, compared with near-breakeven results in the first quarter of 2012.
A&W Revenue Royalties Income Fund announces first quarter 2013 results
TRADING SYMBOL: The Toronto Stock Exchange - AW.UNSame store sales hit by winter weather Both distributable cash and net income grow
A&W Revenue Royalties Income Fund (the Fund) reported today results for the first quarter ended March 24, 2013. The Fund will hold a conference call to discuss the results on Tuesday, April 30, 2013 at 1:00 p.m. Pacific Time (4:00 p.m. Eastern Time). The call can be accessed by dialling toll-free 1-877-974-0445 or (416) 644-3414. A replay will be available until May 14, 2013, by dialling toll-free 1-877-289-8525 or (416) 640-1917 Passcode: 4616097#.
Orchard Supply Hardware Stores Corporation Provides Update on Term Loan Lender Negotiations and First Quarter Fiscal 2013 Comparable Store Sales
60-Day Extension to June 30, 2013 for Date to Reach Agreement with Term Loan Lenders First Quarter Fiscal 2013 Comparable Store Sales Expected to Increase 9.0% to 11.0%
Orchard Supply Hardware Stores Corporation (OSH), a neighborhood hardware and garden store focused on paint, repair and the backyard, today provided the following update on its efforts to improve its capital structure and expected comparable store sales for the first quarter of fiscal 2013:
Overstock.com Reports Q1 2013 Results
Q1 2013 net income of $7.7 million and 19% revenue growth
Overstock.com, Inc. (OSTK) today reported financial results for the quarter ended March 31, 2013.
Key Q1 2013 metrics (comparison to Q1 2012):Revenue: $312.0M vs. $262.4M (19% increase); Gross margin: 18.9% vs. 18.1% (80 basis point increase); Gross profit: $58.9M vs. $47.5M (24% increase); Sales and marketing expense: $18.7M vs. $14.5M (29% increase); Contribution (non-GAAP measure): $40.2M vs. $33.0M (22% increase); G&A/Technology expense: $33.2M vs. $30.5M (9% increase); Net income: $7.7M vs. $2.7M ($5.0M increase); and Diluted EPS: $0.32/share vs. $0.12/share ($0.20/share increase).
Dollarama reports record results for fiscal 2013 and increases dividend by 27%
Dollarama Inc. (TSX:DOL ) ("Dollarama" or the "Corporation") today reported significant increases in sales and net earnings for the quarter and fiscal year ended February 3, 2013.
Financial and Operating Highlights
All comparative figures below and in the "Financial Results" section that follows are for the fourth quarter and fiscal year ended February 3, 2013 compared to the fourth quarter and fiscal year ended January 29, 2012.
American Apparel, Inc. Announces Comparable Sales for March 2013 Increased 8%
American Apparel, Inc. (NYSE MKT: APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month ended March 31, 2013, and reported that comparable sales increased 8%, including a 5% increase in comparable store sales for its retail store channel and a 26% increase in net sales for its online channel. Wholesale net sales decreased 7% for the month of March primarily due to one less shipping day in March 2013 than in March 2012. On a preliminary basis, total net sales for March 2013 were $50.3 million, an increase of 2% over the prior year period. For the quarter-ended March 31, 2013, total net sales increased 5% to $138.8 million, with an 8% increase in comparable store sales and a 2% increase in wholesale net sales.
Zumiez Inc. Reports March 2013 Sales Results
Net Sales Increased 19.7% to $61.0 Million; March 2013 Comparable Store Sales Increased 2.1%
Zumiez Inc. (NASDAQ: ZUMZ), a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced that total net sales for the five-week period ended April 6, 2013 increased 19.7% to $61.0 million, compared to $50.9 million for the five-week period ended March 31, 2012. The Company's comparable store sales increased 2.1% for the five-week period ended April 6, 2013 compared to a comparable store sales increase of 14.1% for the five-week period ended March 31, 2012.
Sycamore Partners to Acquire Hot Topic, Inc. for $14.00 Per Share in Cash
Transaction Valued at $600 Million
Hot Topic, Inc. (NASDAQ Global Select Market: HOTT) (“Hot Topic” or the “Company”) and Sycamore Partners today announced that they have entered into a definitive agreement pursuant to which Sycamore Partners will acquire Hot Topic for $14.00 per share in cash, or a total of approximately $600 million. The agreement, which has been unanimously approved by Hot Topic’s Board of Directors, represents a premium of approximately 30% over Hot Topic’s closing stock price on March 6, 2013.
Lisa Harper, Chief Executive Officer and Chairman of the Board of Hot Topic, said, “We are pleased that this transaction will allow us to deliver positive results for our shareholders. In addition, we are very excited about the future growth for the company and know that Sycamore Partners will provide great resources and expertise to us as we operate as a private company.”
Good Times’ Sales Keep on Cookin’
Good Times Restaurants Inc. (GTIM) today announced its same store sales increased 11.7% for the same 28 days of February versus the same period last year. Factoring in the extra day in February last year, same store sales for the month increased 7.5%. The increases were on top of last year’s 6% same store sales increase, continuing the Company’s three year monthly comparable sales increase trend of over 20%.
Nicholas Corbishley, Director of Marketing for Good Times said, “Despite lost sales to a major storm in the last week of February, we were able to maintain our sales momentum. Breakfast sales are booming and we’re teeing up our rollout of Hand-Breaded, All Natural Springer Mountain Farms Chicken Tenders for this month, which have almost doubled the category’s sales in test without any promotional activity.”
Ascena Retail Group, Inc. Reports Second Quarter 2013 Results
– Adjusted EPS of $0.26 – – GAAP EPS from Continuing Operations of $0.23 – – Total Comparable Sales Increased 2% – – Reiterates 2013 Guidance of $1.20 to $1.30 Per Share –
Ascena Retail Group, Inc. (ASNA) today reported financial results for its fiscal second quarter and six months ended January 26, 2013.
For the second quarter of 2013, earnings per diluted share from continuing operations decreased to $0.23 per share, while earnings from discontinued operations were $0.06 per share. This compares to diluted earnings per share from continuing operations of $0.40 per share in Fiscal 2012.
Deckers Outdoor Corporation Reports Fourth Quarter and Fiscal 2012 Financial Results
Fourth Quarter Sales Increased 2.2% to a Record $617.3 Million Company Reports Fourth Quarter Diluted Earnings Per Share of $2.77 Fiscal 2012 Sales Increased 2.7% to a Record $1.414 Billion Company Reports Fiscal 2012 Diluted Earnings Per Share of $3.45
Deckers Outdoor Corporation (DECK) today announced financial results for the fourth quarter and fiscal year ended December 31, 2012.
Fourth Quarter ReviewNet sales increased 2.2% to a record $617.3 million compared to $603.9 million for the same period last year.
U.S. EPA Approves Ocean Bio-Chem's New Liquid Disinfectant, Xtrem-A-Cide P(R) -- Effective Against Salmonella, Hepatitis A, Influenza-A, E-Coli, Numerous Other Viruses and Fungi
Ocean Bio-Chem, Inc. ( NASDAQ : OBCI ), a leading manufacturer and distributor of appearance, performance, and maintenance products serving the marine, automotive, power sports, recreational vehicle and outdoor power equipment markets, is pleased to announce the U.S. Environmental Protection Agency approval of Ocean Bio-Chem's new product, Xtrem-A-Cide P®, a broad-spectrum disinfectant that is approved for use as a sanitizer, virucide, tuberculocide, fungicide, algaecide, slimicide and deodorizer.
This new product is an extension of Star brite's OdorStar line of NosGuard® mold and mildew products.
Red Robin Gourmet Burgers Reports Results for the Fiscal Fourth Quarter and Year Ended December 30, 2012
Red Robin Gourmet Burgers, Inc., (RRGB), a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the 13 and 53 weeks ended December 30, 2012.
Financial Highlights for the 13 Weeks Ended December 30, 2012, Compared to the 12 Weeks Ended December 25, 2011:Earnings per diluted share were $0.45, compared to fiscal fourth quarter 2011 earnings per diluted share of $0.20, on a GAAP basis. Adjusted earnings per diluted share were $0.59, compared to $0.28 in the fiscal fourth quarter a year ago. (See Schedule I.)
H.J. Heinz Company Enters Into Agreement to Be Acquired by Berkshire Hathaway and 3G Capital
H.J. Heinz Company (NYSE: HNZ) (“Heinz”) today announced that it has entered into a definitive merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital.
Under the terms of the agreement, which has been unanimously approved by Heinz’s Board of Directors, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, including the assumption of Heinz’s outstanding debt. The per share price represents a 20% premium to Heinz’s closing share price of $60.48 on February 13, 2013, a 19% premium to Heinz’s all-time high share price, a 23% premium to the 90-day average Heinz share price and a 30% premium to the one-year average share price.