On Friday, Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS)’s shares inclined 26.06% to $8.90.
Sears Hometown and Outlet Stores Inc (SHOS) stated results for its quarter ended May 2, 2015. Results for the first quarter comprised of:
- Operating income reduced 36.9% to $4.0 million
- EPS reduced 43.8% to $0.09
- Adjusted EBITDA reduced 16.1% to $7.2 million
- Comparable store sales reduced 1.2%
Bruce Johnson, Chief Executive Officer and President, said, “During the quarter our core operations, which exclude franchise sales, generated higher profits than recent quarters due to a more moderate promotional environment and good expense controls. We are encouraged by several aspects of our first quarter results. We made important strides in improving our business-we launched our “America’s Appliance Experts” initiative in over 50 stores and we launched the transformation of our information systems and operational processes. Also, we had strong cash flow that resulted in continued reductions in borrowings. Our improved inventory sourcing in the Outlet segment and the conversion of 5 Hardware stores to Outlet Stores reduced capital tied up in inventory. Outstanding borrowings were down to $30.0 million at the end of the first quarter of 2015, which was a decrease of $68.1 million and $54.1 million contrast to the first quarter of 2014 and the fourth quarter of 2014, respectively.
First Quarter Results
Net sales in the first quarter of 2015 reduced $7.1 million, or 1.2%, to $582.8 million from the first quarter of 2014. This decrease was driven primarily by a 1.2% decrease in comparable store sales, lower online commissions from Sears Holdings Corporation ($4.0 million in the first quarter of 2015 contrast to $9.0 million in the first quarter of 2014), and lower initial franchise revenues, which were $0.5 million in the first quarter of 2015 contrast to $3.3 million in the first quarter of 2014. These decreases were partially offset by sales associated with new stores (net of closures).
Sears Hometown and Outlet Stores, Inc. engages in the retail sale of home appliances, lawn and garden equipment, tools, and hardware in the United States. The company operates in two segments, Sears Hometown and Hardware, and Sears Outlet. The Sears Hometown and Hardware segment operates Sears Hometown Stores that offer products and services across a selection of merchandise categories, counting home appliances, lawn and garden equipment, tools, sporting goods, and household goods; and Sears Hardware Stores, which provide products and services across a range of merchandise categories, such as home appliances, lawn and garden equipment, tools, other home improvement products, fasteners, electrical supplies, and plumbing supplies, in addition to proprietary in-store services comprising blade sharpening, key cutting, and screen repair.
Bazaarvoice Inc (NASDAQ:BV)’s shares gained 5.36% to $6.09.
Bazaarvoice Inc (BV) declared the launch of Bazaarvoice Competitive Insights, a consumer analytics tool to assist brands better understand the factors that drive consumer decisions at the point of purchase. Using consumer-generated content (CGC) and session data from Bazaarvoice’s global retail network, Competitive Insights informs brands with a unique and comprehensive view of the competitive dynamics for hundreds of product categories such as Apparel, Health & Beauty, Consumer Product Goods, Consumer Electronics, Home Improvement, and Appliances. The intelligence can be used to spot consumer trends, launch new products, market more efficiently, and capture market share.
Primary research, syndicated research, and social listening provide indicators around consumer shopping behavior but don’t ultimately reveal, at scale, why consumers decide on one product as compared to another at the exact point of purchase. Bazaarvoice Competitive Insights closes this gap by combining consumer session and sentiment data with intricate product matching capabilities and sophisticated analytics to provide a detailed view into:
- The market landscape:analyze data associated with page views, review volume, and other statistics to understand how market trends are impacting a brand and how it ranks relative to competitors.
- Brand consideration:see how often consumers are considering an individual brand, multiple brands, or not considering a brand at all within a shopping session, in addition to which products are most commonly considered alongside specific brands.
- Competitors’ benchmarks:within client-defined competitive sets, deep dive into benchmarks such as average rating and share of review voice to know when competitors are slipping or pinpoint trends that indicate a change in consumer behavior.
Bazaarvoice, Inc. operates as a network that connects brands and retailers to the voices of people where they shop. The company offers its solutions through Bazaarvoice conversations platform, software as a service platform that enables clients to capture, display, and analyze online word of mouth, counting ratings and reviews, questions and answers, stories, photos, videos, long-format narratives, and other forms of consumer-generated content.
At the end of Friday’s trade, St. Jude Medical, Inc. (NYSE:STJ)‘s shares surged 0.65% to $73.72.
St. Jude Medical, Inc. (STJ) declares that research investigators and scientists will present data from 32 accepted scientific abstracts or short articles at the International Neuromodulation Society (INS) 12th World Congress June 6-11 in Montreal, Canada. Throughout the congress, oral and poster presentations will highlight extensive research advancing St. Jude Medical’s product portfolio for the treatment of chronic pain, counting presentations related to radiofrequency ablation (RFA), and spinal cord stimulation (SCS) counting a focus on both Burst stimulation and stimulation of the dorsal root ganglion (DRG).
INS attendees will also have the opportunity to view St. Jude Medical’s latest technologies in the company’s Innovation Suite and at the St. Jude Medical booth (# 22). Highlighted products will comprise the Protégé MRI™ and Prodigy MRI™* chronic pain systems, the Axium™ Neurostimulator System* for DRG stimulation, St. Jude Medical’s RFA products, and other innovative technology.
St. Jude Medical, Inc., together with its auxiliaries, develops, manufactures and distributes cardiovascular medical devices for cardiac rhythm administration, cardiovascular, and atrial fibrillation therapy areas worldwide. It operates in two divisions, Implantable Electronic Systems, and Cardiovascular and Ablation Technologies.
Becton, Dickinson and Co. (NYSE:BDX), ended its Friday’s trading session with -0.11% loss, and closed at $140.03.
Becton, Dickinson and Co. (BDX) declared its participation in the White House Forum on Antibiotic Stewardship and outlined multiple steps the company will take to assist combat drug resistant organisms.
The event brings together key Federal and private sector participants involved in the development, promotion and implementation of antibiotic stewardship activities to ensure the responsible use of antibiotics nationwide.
In support of the Forum, BD outlined multiple actions it plans to take over the next five years to assist combat drug resistant organisms and further promote antimicrobial stewardship. Among those commitments comprise:
- Improve Diagnosis and Treatment
- Develop a new diagnostic test to rapidly detect Carbapenem Resistant Enterobacteriaceae (CRE).
- Create a pandemic sentinel system that comprises identification of CRE cases to enable timely intervention.
- Deploy antimicrobial susceptibility tests (AST) to ensure the appropriate use of all accessible antibiotics.
Becton, Dickinson and Company, a medical technology company, develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide.
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