On Thursday, Following U.S. Stocks were among the “Top Losers”: Aéropostale, Inc. (NYSE:ARO), Paragon Offshore plc (NYSE:PGN), Hercules Offshore, Inc. (NASDAQ:HERO), Krispy Kreme Doughnuts, Inc. (NYSE:KKD)
Aeropostale Inc(NYSE:ARO), with shares declined -6.80%, closed at $3.70.
Paragon Offshore PLC(NYSE:PGN), with shares dropped -6.67 %, settled at $1.12.
Hercules Offshore, Inc.(NASDAQ:HERO), with shares dipped -6.62 %, and closed at $0.44.
Krispy Kreme Doughnuts(NYSE:KKD), plummeted -6.54 %, and closed at $19.02.
Latest NEWS regarding these Stocks are depicted underneath:
Aéropostale, Inc. (NYSE:ARO)
Aéropostale, Inc. (ARO), a mall-based specialty retailer of casual apparel for young women and men, stated results for the fourth quarter and fiscal 2014, and offered guidance for the first quarter of fiscal 2015.
Fourth Quarter Performance:
For the fourth quarter of fiscal 2014, net sales reduced 11% to $593.8 million, from $670.0 million in the year ago period. Fourth quarter comparable sales, counting the e-commerce channel, reduced 9%, contrast to a decrease of 15% for the corresponding period of the preceding year.
The Corporation stated a net loss for the fourth quarter of fiscal 2014 of $13.5 million, or $0.17 per diluted share, which comprised of:
an after-tax charge of $9.9 million, or $0.13 per diluted share, resulting from store asset impairment charges;
a net after-tax charge of $0.5 million, or $0.01 per diluted share, resulting from an intangible asset impairment related to the GoJane trademark, partially offset by the reversal of a portion of the GoJane contingent consideration liability;
and other after-tax charges of $3.5 million, or $0.04 per diluted share.
Not including the aforementioned charges, the Corporation stated adjusted net revenue of $0.4 million, or $0.01 per diluted share in the fourth quarter of fiscal 2014 (see Exhibit D).
The Corporation stated an operating loss for the fourth quarter of fiscal 2014 of $14.0 million or, not including the aforementioned charges, an operating profit of $3.7 million.
Julian R. Geiger, Chief Executive Officer, commented, “Achieving our first operating profit in eight quarters is a noteworthy accomplishment. Not only did we register a profit on an adjusted basis, but we also beat our original and revised guidance for the fourth quarter through better than predictable margins and expense savings. I thank our corporate and field teams for their determination, their resilience and their hard work during this important time.”
The Corporation opened no Aeropostale or P.S. from Aeropostale stores, and closed 77 Aeropostale and 115 P.S. from Aeropostale stores during the quarter. For the fourth quarter, the Corporation invested $2.7 million in planned capital expenditures.
Aeropostale®, Inc. is a primarily mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale® stores and 4 to 12 year-olds through its P.S. from Aeropostale® stores.
Paragon Offshore plc (NYSE:PGN)
Formerly on February 17, Paragon Offshore plc (PGN), declared that it issued a report on drilling rig status and contract information as of February 17, 2015.
The report, titled “Fleet Status Report,” can be found on the Corporation’s website at www.paragonoffshore.com, under the “Our Fleet” section of the website.
On the other hand on February 19, the company stated fourth quarter and full year 2014 results.
Paragon is a global provider of offshore drilling rigs. Paragon’s drilling fleet comprises 32 jackups and six floaters (four drillships and two semisubmersibles). In addition, Paragon is the majority shareholder of Prospector Offshore Drilling S.A., a publicly traded offshore drilling corporation on the Oslo Axess stock exchange that owns and operates two high specification jackups.
Hercules Offshore, Inc. (NASDAQ:HERO)
Formerly on February 26, Hercules Offshore, Inc. (HERO), declared that it has received a notice from Saudi Aramco terminating its drilling contract for the Hercules 261, effective March 27, 2015. The Corporation is in the process of seeking a basis for ongoing the Hercules 261 contract. As formerly revealed, the Corporation has been in discussions with Saudi Aramco about a possible rate reduction on the Hercules 262 and Hercules 266. The Corporation has not received a notice of termination from Saudi Aramco with respect to these rigs.
Headquartered in Houston, Hercules Offshore, Inc., together with its auxiliaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.
Krispy Kreme Doughnuts, Inc. (NYSE:KKD)
Krispy Kreme Doughnuts, Inc. (KKD), stated financial results for the fourth quarter and fiscal year ended February 1, 2015, and reaffirmed its adjusted EPS outlook for fiscal 2016 (ending January 31, 2016).
Results for the Quarter Ended February 1, 2015:
Merged Results
For the quarter ended February 1, 2015, proceeds rose 11.2% to $125.4 million.
Direct operating expenses raised to $102.3 million from $93.3 million, but as a percentage of total proceeds declined to 81.6% from 82.8%.
General and administrative expenses were $9.2 million (7.4% of proceeds) contrast to $7.7 million (6.8% of proceeds) in the year-ago period. General and administrative expenses in fiscal 2015 comprise a $2.5 million charge for the settlement of amounts due under an employment contract with the Corporation’s former chief executive officer. A reduction in share-based compensation costs due principally to a change in the timing of equity awards was partially offset by higher provisions for incentive compensation.
Operating revenue rose 5.4% to $9.6 million ($12.0 million exclusive of the $2.5 million contract settlement charge in fiscal 2015, or 32.6% over the fourth quarter last year).
Adjusted net revenue rose 36.3% to $11.4 million ($0.17 per share) contrast to $8.3 million ($0.12 per share), in the fourth quarter last year. Adjusted net revenue and adjusted EPS are non-GAAP measures.
Segment Results
For the quarter ended February 1, 2015, Corporation Stores proceeds raised 12.7% to $83.7 million, while same store sales rose 1.7%. The Corporation Stores segment posted operating revenue of $1.4 million contrast to $1.6 million last year. The Corporation opened eight new factory shops in the fourth quarter. Preopening and other start-up costs related to new shops, counting shops not yet opened, were about $1.3 million in the fourth quarter of fiscal 2015 contrast to about $150,000 in the fourth quarter last year. The segment’s results for the fourth quarter of fiscal 2015 also reflect charges of about $1.0 million for mark-to-market adjustments on wholesale gasoline futures contracts reached in the fourth quarter to hedge the cost of fuel purchases for fiscal 2016 and 2017. The Corporation has not designated these derivative contacts as cash flow hedges and, accordingly, changes in their fair values are reflected in earnings as they occur. While a decline in gasoline prices resulted in the fourth quarter mark-to-market charge, significantly lower gasoline prices are predictable to benefit fiscal 2016 operating costs and are reflected in administration’s earnings outlook.
Domestic Franchise proceeds raised 7.6% to $3.4 million, while same store sales rose 4.7%. Domestic Franchise segment operating revenue was $2.1 million contrast to $2.0 million last year.
International Franchise proceeds raised 10.6% to $7.6 million, driven by higher royalties and a net 53 shop openings in the quarter. Sales by international franchise shops rose 9.0% to $128 million (16.2% not including the effects of foreign exchange rate changes), while constant currency same store sales fell 2.6%. International Franchise segment operating revenue was $5.6 million contrast to $4.8 million in the fourth quarter last year.
KK Supply Chain proceeds (counting sales to Corporation stores) raised 13.2% to $63.3 million. KK Supply Chain generated operating revenue of $11.1 million contrast to $8.6 million in the fourth 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.
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