On Thursday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), lost -2.56% to $3.80.
Sirius XM declared that it will broadcast Phish’s Magnaball Festival in Watkins Glen, NY, August 20 through August 23, on SiriusXM’s Jam On channel.
The live broadcast of the festival will comprise seven live Phish sets throughout the weekend. The broadcast will also comprise exclusive material from the band’s archives presented by Phish’s official archivist Kevin Shapiro.
The broadcast will air on Bunny Radio, a live, freeform radio station Phish creates on-site at their festivals. Bunny Radio will take over SiriusXM’s Jam On channel for the weekend-long festival.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
Shares of Jumei International Holding Limited (NYSE:JMEI), declined -22.59% to $12.95, during its last trading session, hitting its lowest level.
Jumei International Holding Limited stated its unaudited financial results for the second quarter ended June 30, 2015.
Total net revenues were US$308.1 million, an enhance of 99.5% from US$154.4 million in the second quarter of 2014. The enhance was primarily attributable to the enhances in the number of active customers and total orders, which in turn resulted primarily from the high volumes generated by Jumei Global in addition to the shift from beauty product marketplace sales to merchandise sales. The number of active customers raised by 28.0% to about 6.4 million from about 5.0 million in the same period of 2014. The number of total orders raised by 58.2% to about 17.4 million from 11.0 million in the same period of 2014.
Gross profit was US$92.3 million, an enhance of 29.1% from US$71.5 million in the second quarter of 2014. Gross profit as a percentage of net revenues reduced to 30.0% from 46.3% in the same period of 2014. The decrease was primarily due to the shift from beauty product marketplace sales to merchandise sales. Gross profit as a percentage of net GMV reduced slightly to 24.5% from 24.7% in the same period of 2014. Gross profit from merchandise sales as a percentage of net GMV of merchandise sales reduced to 27.7% from 32.8% in the same period of 2014. The decrease was primarily due to changes in product mix.
Total operating expenses were US$78.3 million, an enhance of 55.4% from US$50.4 million in the second quarter of 2014. Operating expenses as a percentage of total net GMV rose to 20.8% from 17.4% in the same period of 2014.
- Fulfillment expenses were US$37.2 million, an enhance of 90.8% from US$19.5 million in the same period of 2014. Fulfillment expenses as a percentage of total net GMV raised to 9.9% from 6.7% in the same period of 2014. The enhance was primarily due to higher logistics expenses and large volumes from Jumei Global.
- Marketing expenses were US$28.7 million, an enhance of 31.1% from US$21.9 million in the same period of 2014. The enhance was primarily a result of the higher number of marketing campaigns and brand promotion activities that Jumei launched during the quarter, and reflects the Company’s efforts to grow its customer base and enhance awareness of Jumei Global. Marketing expenses as a percentage of total net GMV was 7.6%, which was unchanged from the same period of 2014.
- Technology and content expenses were US$6.7 million, an enhance of 42.6% from US$4.7 million in the same period of 2014. Technology and content expenses as a percentage of total net GMV slightly raised to 1.8% from 1.6% in the same period of 2014. The enhance reflects Jumei’s continuous investments in its information technology platform and the Company’s commitment to attract top research and development talent in order to provide better technology-enabled services to both consumers and merchants.
- General and administrative expenses were US$5.7 million, an enhance of 32.6% from US$4.3 million in the same period of 2014. General and administrative expenses as a percentage of total net GMV almost remained unchanged at 1.5% in the same period of 2014.
Jumei International Holding Limited operates as an online retailer of beauty products in the People’s Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children.
Finally, McDonald’s Corp. (NYSE:MCD), ended its last trade with -1.33% loss, and closed at $99.76.
McDonald’s Corporation was accused of mistreating its employees and dodging taxes on Thursday during a Senate hearing in Brazil, where politicians, union leaders and workers from five continents voiced allegations, according to Reuters.
McDonald’s has come under increasing scrutiny worldwide for allegations of labor abuses, health and safety violations, plus tax evasion in Europe, and Brazilian Senator Pablo Paim called a hearing to allow both sides to make their cases. Reuters Reports
McDonald’s deferred comment to its regional operator. Reuters added.
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
