On Friday, Krispy Kreme Doughnuts (NYSE:KKD)’s shares inclined 0.02% to $19.81.
Krispy Kreme Doughnuts (KKD) stated financial results for the first quarter of fiscal 2016, ended May 3, 2015 and updated its adjusted EPS outlook for fiscal 2016 (ending January 31, 2016) to a range of $0.80 to $0.85.
First Quarter Fiscal 2016 Highlights Contrast to the Year-Ago Period:
- Systemwide store count rose 17.3% since the first quarter of last year to 1,003 Company and franchise shops worldwide
- Systemwide domestic same store sales rose 5.2%, counting a 4.3% gain at Company Stores; constant currency international franchise same store sales declined 1.7%
- Revenues raised 9.0% to $132.5 million from $121.6 million
- Operating income rose 6.8% to $17.3 million from $16.2 million
- Net income rose 10.5% to $10.7 million ($0.16 per share) contrast to $9.7 million ($0.14 per share) in the first quarter last year
First Quarter Fiscal 2016 Segment Results
Company Stores revenues raised 12.8% to $90.7 million in the first quarter of fiscal 2016, driven by a 24.9% enhance in retail sales as store operating weeks raised 18.9% and same store sales rose 4.3%. The Company opened two new factory shops in the first quarter. Company Stores segment operating income raised $2.7 million to $16.8 million from $12.7 million contrast to last year driven by the Company Stores contribution margin increasing from 15.8% to 18.5% of sales. The margin enhance primarily resulted from positive retail same store sales growth in addition to the Company’s more planned use of promotional incentives.
Domestic Franchise revenues raised 6.0% to $3.7 million, principally driven by higher royalties. Total sales by domestic franchisees rose 4.6%, and same store sales at Domestic Franchise shops raised 5.8%. The Domestic Franchise segment generated operating income of $2.1 million contrast to $2.2 million in the first quarter last year.
Krispy Kreme Doughnuts, Inc., together with its auxiliaries, operates as a branded retailer and wholesaler of doughnuts, beverages, and treats and packaged sweets. The company operates through four segments: Company Stores, Domestic Franchise, International Franchise, and KK Supply Chain. It owns and franchises Krispy Kreme stores. As of June 10, 2015, the company had about 1,000 Krispy Kreme shops worldwide.
B2Gold Corp (NYSEMKT:BTG)’s shares gained 2.48% to $1.65.
B2Gold Corp (BTG) disclosed robust results from the Optimized Feasibility Study (OFS) of Fekola Gold Project (“Fekola Project”), commencement of construction at Fekola in Mali and the closing of the previously announced $350 million Revolving Credit Facility. All dollar figures are in United States dollars unless otherwise indicated. All Fekola Project amounts are on a 100% ownership basis.
Highlights of the Optimized Fekola Feasibility Study
- Open pit gold mine with an initial production life of mine (“LOM”) of 12.5 years based on probable mineral reserves
- Average annual gold production for years one through seven of 350,000 ounces per year at a $418 operating cash cost per ounce
- Average annual LOM gold production of 276,000 ounces per year at an operating cash cost of $552 per ounce
- New open pit probable mineral reserves of 49.2 million tonnes at a grade of 2.35 grams per tonne (“g/t”) gold containing 3.72 million ounces of gold at a stripping ratio of 4.5:1
- Average LOM gold recovery of 92.8% resulting in a total of 3.45 million ounces produced over the 12.5 year life of mine
B2Gold Corp., a mid-tier gold mining company, explores and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso, and Chile. The company principally explores for gold, silver, and copper. It primarily holds a 100% interest in the La Libertad mine, which comprises of an exploitation concession covering 10,950 hectares located in Nicaragua; a 95% interest in the Limon mine property that covers an area of 12,000 hectares located northwest of Managua; and has 95% interest in Limon gold mine located in northwestern Nicaragua. The company also has interest in the Masbate mine, an open pit gold mine located near the northern tip of the island of Masbate; has a 90% interest in the Fekola gold mine located in southwestern Mali; and has 81% interest in the Kiaka gold project located in Burkina Faso. B2Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.
At the end of Friday’s trade, Spirit AeroSystems Holdings, Inc. (NYSE:SPR)‘s shares dipped -0.09% to $55.02.
Spirit AeroSystems Holdings, Inc. (SPR) declared several senior leadership changes, reflecting further advancement in the company’s transformation strategy.
Duane Hawkins has been named senior vice president and general manager, Boeing, Business and Regional Jet Programs. He will also continue to oversee Spirit Defense. Hawkins joined Spirit in 2013 as senior vice president of Operations following more than 30 years in the aerospace industry, counting executive positions at Raytheon Missile Systems, Defense Research Inc., and General Dynamics.
Ron Rabe joins the company as senior vice president of Operations, taking over that role from Hawkins. Rabe is an practiced global operations leader, having served at positions of increasing responsibility at Eaton Corporation. Most recently, he was the company’s vice president of global manufacturing and supply chain, vehicle group.
John Pilla has been named senior vice president of Engineering and Chief Technology Officer. Pilla has served in several top leadership and engineering positions at Spirit, most recently overseeing all Spirit work on Airbus Programs. In his new role, Pilla will have responsibility for engineering and R&D across all programs.
Spirit AeroSystems Holdings, Inc., through its auxiliaries, operates as a non-original equipment manufacturer (OEM) that designs, engineers, and manufactures large commercial aircraft structures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems.
Nucor Corporation (NYSE:NUE), ended its Friday’s trading session with -0.63% loss, and closed at $48.59.
Nucor Corporation (NUE) declared the regular quarterly cash dividend of $0.3725 per share on Nucor’s common stock. This cash dividend is payable on August 11, 2015 to stockholders of record on June 30, 2015, and is Nucor’s 169th successive quarterly cash dividend.
Nucor and associates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced comprise: carbon and alloy steel — in bars, beams, sheet and plate; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products.
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 through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
