On Thursday, Sanderson Farms, Inc. (NASDAQ:SAFM)’s shares declined -3.04% to $81.93.
Sanderson Farms, Inc. (SAFM) stated results for its second fiscal quarter and six months ended April 30, 2015.
Net sales for the second quarter of fiscal 2015 were $716.6 million contrast with $660.7 million for the same period a year ago. For the quarter, net income was $71.2 million, or $3.13 per share, contrast with net income of $51.0 million, or $2.21 per share, for the second quarter of fiscal 2014.
Net sales for the first six months of fiscal 2015 were $1,384.0 million contrast with $1,245.6 million for the same period of fiscal 2014. Net income for the first half of the year totaled $137.7 million, or $6.00 per share, contrast with net income of $79.9 million, or $3.46 per share, for the first six months of last year.
Sanderson Farms, Inc., an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States.
Pitney Bowes Inc. (NYSE:PBI)’s shares dropped -1.94% to $22.24.
Pitney Bowes Inc. (NYSE:PBI) declares a new alliance with mapping software business iGeolise. The partnership will give Pitney Bowes’ GeoInsight customers the opportunity to benefit from the iGeolise innovative, award-winning software applications which add extra layers of precise and accurate geographic data to their location-based content.
One of iGeolise’s software applications, TravelTime, uses satellite data to calculate the possible locations reachable within a specified time period, for example which store can be reached within 30 minutes. This new strategy adds depth, precision and value to local data. Initially an application aimed at consumers, iGeolise quickly realized the impact of providing this insight to consumer-facing businesses focused on delivering an improved customer experience.
Now, Pitney Bowes GeoInsight clients can use this application to provide detailed, accurate public transport catchments, giving their customers an exact travel time so they can create, for example, a map of their customers within a 15-minute tube journey of a particular restaurant. By simply entering a time of day and day of week, catchments can be created that represent the peak trading times for their business.
Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments. The Small and Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment and supplies, software, and postage meters; and provides revolving credit and deposit solutions, and support services.
At the end of Thursday’s trade, Baozun Inc (ADR) (NASDAQ:BZUN)‘s shares dipped -2.94% to $11.88.
Baozun Inc (ADR) (BZUN) declared that it has priced its initial public offering of 11,000,000 American depositary shares (“ADSs”) at US$10.00 per ADS for a total offering size of US$110 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents three Class A ordinary shares of the Company. The ADSs will start trading on the NASDAQ Global Select Market recently under the ticker symbol “BZUN.”
The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,650,000 additional ADSs.
Morgan Stanley & Co. International plc, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are acting as joint bookrunners for the offering.
Baozun Inc., formerly Baozun Cayman Inc., is a holding company. The Company through its wholly owned partner, Shanghai Baozun E-Commerce Limited, provides e-commerce solutions in China. The Company is a digital and e-commerce service partner in China. The Company is engaged in providing e-commerce solutions, counting the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
Weight Watchers International, Inc. (NYSE:WTW), ended its Thursday’s trading session with -2.90% loss, and closed at $5.69.
Weight Watchers International, Inc. (WTW) declared its results for the first quarter of fiscal 2015 and maintained its full year fiscal 2015 earnings guidance.
- Q1 2015 revenues were $322.1 million, down 21.3% (16.0% on a constant currency basis) as compared to the preceding year period, with total paid weeks down 18.9%.
- Q1 2015 earnings per fully diluted share (EPS) was a loss of $0.10; not taking into account the $0.06 per fully diluted share impact of restructuring charges and the $0.05 per fully diluted share benefit from the early extinguishment of debt, Q1 2015 adjusted EPS was a loss of $0.09.
- The Company maintained full year fiscal 2015 earnings guidance of between $0.40 and $0.70 per fully diluted share.
First quarter 2015 net loss was $5.4 million as compared to net income of $21.5 million in the preceding year period. EPS for Q1 2015 was a loss of $0.10 as compared to income of $0.38 in the preceding year period. Foreign currency negatively influenced EPS by $0.04 in Q1 2015.
Net loss and EPS for Q1 2015 were influenced by two items that affect year-over-year comparability. First, the Company incurred $5.8 million ($3.5 million after tax or $0.06 per fully diluted share) of charges in connection with its formerly revealed 2015 restructuring plan. Second, the Company recorded a gain on early extinguishment of debt of $4.8 million ($2.9 after tax or $0.05 per fully diluted share) for its formerly revealed debt prepayment in the quarter. Not taking into account these two items, net loss would have been $4.8 million and EPS would have been a loss of $0.09 in Q1 2015.
Weight Watchers International, Inc. provides weight administration services worldwide. The company operates through North America, United Kingdom, Continental Europe, and Other segments. It offers a range of products and services comprising nutritional, exercise, and behavioral tools and approaches.
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