On Friday, Dicks Sporting Goods Inc (NYSE:DKS)’s shares declined -0.07% to $50.40.
DICK’S Sporting Goods (DKS), ) will declare results for the second quarter of 2015 before the market opens on Tuesday, August 18th. A conference call to talk about the results will be held that day at 10:00 a.m. Eastern Time.
The call is being webcast and can be accessed at DICK’S Sporting Goods’ Investor Relations website at investors.DICKS.com. To listen to the live call, please go to the website at least fifteen minutes early to register and download and install any necessary audio software.
Dick’s Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, counting sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories.
Advanced Semiconductor Engineering (ADR) (NYSE:ASX)’s shares gained 1.58% to $5.14.
Advanced Semiconductor Engineering, Inc. (ASX) the world’s largest independent provider of packaging and testing services, recently stated unaudited net revenues[1] of NT$70,222 million for the second quarter of 2015 (2Q15), up by 20% year-over-year and up by 9% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$3,652 million, down from a net income attributable to shareholders of the parent of NT$5,106 million in 2Q14 and down from a net income attributable to shareholders of the parent of NT$4,469 million in 1Q15. Basic earnings per share for the quarter were NT$0.48 (or US$0.077 per ADS), contrast to basic earnings per share of NT$0.66 for 2Q14 and NT$0.58 for 1Q15. Diluted earnings per share for the quarter were NT$0.43 (or US$0.070 per ADS), contrast to diluted earnings per share of NT$0.65 for 2Q14 and NT$0.56 for 1Q15.
Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, Europe, and internationally. It operates through Packaging, Testing, and Electronic Manufacturing Services (EMS) segments.
At the end of Friday’s trade, Flowers Foods, Inc. (NYSE:FLO)‘s shares surged 2.52% to $24.02.
Flowers Foods, Inc. (FLO) declared a definitive agreement to acquire Dave’s Killer Bread, the best-selling organic bread in the U.S., from its existing shareholders, counting members of the Dahl family and Goode Partners, for about $275 million in cash. The acquisition, which is subject to regulatory approval and customary closing conditions, is predictable to be accomplished in the third quarter of 2015.
With anticipated fiscal 2016 sales of $160 million to $170 million, Dave’s Killer Bread generated a revenue compound average growth rate of 32% over the past three years, driven by a dedicated and loyal customer base, geographic and channel growth and great tasting products. According to IRI data*, the organic bread market has grown at a rate of 27% over the past four years, significantly outperforming the broader $23 billion retail baked goods market. IRI data also illustrates Dave’s Killer Bread’s successful track record of growth, showing the brand raised retail sales by 25% in the past year, and by 168% as compared to three years preceding.
Flowers plans to fund the acquisition using its existing revolving credit facility and accessible cash. The company anticipates the transaction will be neutral to fiscal 2015 earnings.
Flowers Foods, Inc. produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh bakery foods, counting fresh breads, buns, rolls, tortillas, and snack cakes.
Axalta Coating Systems Ltd (NYSE:AXTA), ended its Friday’s trading session with 0.93% gain, and closed at $30.39.
Axalta Coating Systems Ltd. (AXTA) has priced a secondary offering of 30,000,000 of its common shares at $29.75 per share. All of the shares are being offered by certain associates of The Carlyle Group (the “selling shareholders”). The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 4,500,000 common shares. Axalta will not receive any proceeds from the offering, counting from any exercise by the underwriters of their option to purchase additional common shares.
Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies and UBS Investment Bank. Co-managers are Morgan Stanley, BB&T Capital Markets, Nomura, SMBC Nikko and Academy Securities.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
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