On Friday, Yum! Brands, Inc. (NYSE:YUM)’s shares declined -2.06% to $91.54.
Yum! Brands, Inc. (YUM) proclaimed the Company will present at the Bernstein Thirty-First Annual Strategic Decisions Conference on Wednesday, May 27, 2015 in New York, NY at approximately 10:00 a.m. ET.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items. As of February 4, 2015, it operated about 41,000 restaurants in about 120 countries and territories primarily under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
Autodesk, Inc. (NASDAQ:ADSK)’s shares dropped -1.95% to $56.39.
Autodesk, Inc. (ADSK) declared that it has initiated the U.S. federal government compliance process for cloud products and services known as the Federal Risk and Authorization Administration Program (FedRAMP).
FedRAMP compliance will allow Autodesk to better serve government agencies that require the certification to use cloud offerings such as Autodesk A360 and Autodesk BIM 360 Glue to drive innovation, agility and efficiencies. Autodesk achieved FedRAMP “in process” status by partnering with the United States Army Corps of Engineers (USACE) and will continue to work toward FedRAMP security requirements through USACE. Autodesk has worked closely with the federal agency for the last decade, assisting to ensure that industry standards, such as Building Information Modeling (BIM), are easily and effectively used throughout the Corps’ engineering programs.
Autodesk, Inc. operates as a design software and services company worldwide. The companys Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.
At the end of Friday’s trade, Etsy Inc (NASDAQ:ETSY)‘s shares dipped -1.94% to $17.17.
Etsy Inc (ETSY) declared financial results for its first quarter 2015, ended March 31, 2015.
First Quarter 2015 Operational Highlights
GMS was $531.9 million, up 28.2% contrast with the first quarter of 2014. Growth in GMS was driven by 25.8% year-over-year growth in active sellers and 36.5% year-over-year growth in active buyers. Mobile visits continued to grow faster than desktop visits and we made progress in narrowing the gap between mobile visits and mobile GMS as a result of improvements in our mobile app offerings for Etsy buyers. Percent mobile visits was 57.7%, up 750 bps contrast with 50.2% in the first quarter of 2014 and the percent mobile GMS was 41.4%, up 620 bps contrast with 35.2% in the first quarter of 2014.
Percent international GMS was flat at 30.5% contrast with the first quarter of 2014. We believe weaker local currencies in key international markets led to lower demand for U.S. dollar-denominated goods, impacting both overall GMS growth rates and percent international GMS. We remain focused on increasing the international contribution to overall GMS and believe it can grow, over time, to represent 50%.
Etsy, Inc. operates online and offline marketplaces to buy and sell handmade items, vintage goods, and craft supplies. Its platform connects sellers and buyers to sell or buy products for art, home and living, mobile accessories, jewelry, wedding, and others. The company was founded in 2005 and is headquartered in Brooklyn, New York. It has additional offices in Berlin, Germany; Dublin, Ireland; Hudson, New York; London, United Kingdom; Melbourne, Australia; Paris, France; San Francisco, California; and Toronto, Canada.
Dollar Tree, Inc. (NASDAQ:DLTR), ended its Friday’s trading session with -1.91% loss, and closed at $77.18.
Dollar Tree, Inc. (DLTR) stated results for the first quarter ended May 2, 2015.
First Quarter Results
Merged net sales raised 8.8% to $2.18 billion from $2.00 billion in the preceding year’s first quarter. Merged same-store sales raised 3.4% on a constant currency basis, contrast to a 2.0% enhance in the preceding-year period. Adjusted for the impact of Canadian currency fluctuations, the same-store sales enhance was 3.1%. Sales performance was negatively influenced by delayed receipts at four of the Company’s 10 distribution centers related to the west coast port congestion and the formerly revealed estimate of $8 million impact from the holiday calendar shift.
Gross profit raised 7.5% to $748.9 million from $696.6 in the preceding year’s first quarter. As a percent of sales, gross margin reduced by 40 basis points to 34.4%. The primary contributors to the decrease were raised freight costs, an adjustment for the formerly declared inventory accounting method change related to Canadian operations, and higher shrink.
Net income, contrast to the preceding year’s first quarter, counting acquisition-related costs, was $69.5 million and diluted earnings per share were $0.34. Not taking into account acquisition-related costs, net income raised about $8.0 million to $146.3 million and diluted earnings per share raised 6% to $0.71.
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which comprises candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food.
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