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Stock Market & Financial Investment News

News Breaks
November 27, 2012
05:55 EDTAEO, AEO, ANN, ANN, CWTR, CWTR, TFM, TFM, MOV, MOVCompanies reporting Before the Market Open on Wednesday, November 28
Notable companies reporting before the opening bell include Eagle Outfitters (AEO), Ann (ANN), Coldwater Creek (CWTR), Fresh Market (TFM) and Movado Group (MOV).
News For AEO;ANN;CWTR;TFM;MOV From The Last 14 Days
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August 20, 2015
17:12 EDTTFMThe Fresh Market says Chief M&S Officer Marc Jones to depart immediately
Says continues to interview candidates for the CEO position. Says Marc Jones, Chief Merchandising and Supply Chain Officer, is leaving the company, effective immediately. Company executives continue speaking on Q2 earnings conference call.
17:08 EDTTFMThe Fresh Market says promotional, pricing initiatives underwhelmed in Q2
The Fresh Market says promotional and pricing initiatives were not as successful as hoped during Q2 amid more challenging macro environment. Says "on track" to open 18 stores for the year. Says recent store openings give confidence in significant potential for unit growth. Says expects store remodels and refreshes to improve sales. Says laying the foundation for "personalized" marketing programs. Targeting completion of process improvement and store productivity initiatives by end of Q3. Company executives are speaking on the company's Q2 earnings conference call.
16:28 EDTTFMThe Fresh Market down about 10% to $24.00 after lowering FY15 outlook
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16:20 EDTTFMThe Fresh Market reports Q2 SSS down 1%
16:19 EDTTFMThe Fresh Market announces $200M stock repurchase program
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16:18 EDTTFMThe Fresh Market cites YTD results, current environment for lowered outlook
Interim CEO Crane concluded, "We believe that our strategic initiatives will better position The Fresh Market to compete long-term. We remain focused on evolving our operating model to provide customers with a unique and differentiated grocery shopping experience, although we expect that it will take time to fully realize the benefits of our efforts. Based on year to date results and the current operating environment, we are lowering our previously issued sales and earnings guidance for fiscal 2015."
16:18 EDTAEOAmerican Eagle CMO Michael Leedy resigning
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16:17 EDTTFMThe Fresh Market lowers FY15 adjusted EPS view to $1.55-$1.65 from $1.85-$1.93
FY15 consensus $1.85. Management's outlook for the 53-week fiscal 2015 is based upon the following expectations: Total net sales growth for the 53-week fiscal 2015 of approximately 5.0%-7.0% compared to the 52-week fiscal 2014 total net sales. Fiscal 2014 included the benefit of sales from the Company's three California stores prior to their closing; Comparable store sales for the first 52 weeks of fiscal 2015 of -1.0% to -2.5%; An effective tax rate of 37.0% to 37.3%; Approximately $95M-$105M in capital expenditures, primarily related to real estate investments; Unit growth of approximately 18 new stores; Remodeling or refreshing 9 to 10 stores; Approximately 8c per diluted share of earnings related to the 53rd week of operations in the fourth quarter of fiscal 2015.
16:17 EDTTFMThe Fresh Market hits a fresh life low after results
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16:15 EDTTFMThe Fresh Market lowers FY15 outlook
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16:14 EDTTFMThe Fresh Market announces $200M stock repurchase program
16:13 EDTTFMThe Fresh Market reports Q2 adjusted EPS 36c, consensus 40c
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14:42 EDTTFMNotable companies reporting after market close
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11:04 EDTAEOAnalysts split on outlook for American Eagle after results
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10:00 EDTTFM, AEOOn The Fly: Analyst Downgrade Summary
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09:02 EDTAEOAmerican Eagle should be bought on weakness, says SunTrust
After American Eagle reported stronger than expected Q2 results, SunTrust thinks the company's Q3 guidance was strong and conservative. The firm notes that some were disappointed that the retailer's Q3 comp guidance came in below expectations, but the firm says its recent checks on the company have been favorable, while its fundamentals should continue to improve. SunTrust reiterates a $19 price target and Buy rating on the shares.
08:08 EDTTFMThe Fresh Market downgraded to Underperform at BofA/Merrill
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08:00 EDTAEOAmerican Eagle downgraded to Equal Weight from Overweight at Stephens
Stephens downgraded American Eagle to Equal Weight with an $18 price target to reflect balanced risk/reward and high expectations. The firm expects comp growth to decelerate, limiting share upside.
07:37 EDTTFMThe Fresh Market downgraded to Underperform from Neutral at BofA/Merrill
07:10 EDTTFMThe Fresh Market price target lowered to $30 from $34 at RBC Capital
RBC Capital analyst William Kirk lowered his price target for The Fresh Market to $30 after reducing his comparable store estimate for the quarter to 0.0%. The company is not immune from the decelerating trends reported by peers, Kirk tells investors in a research note. He reiterates an Underperform rating on The Fresh Market.
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