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June 3, 2014
07:17 EDTTREX, STKS, LOW, DFRG, CONN, BAGL, AZO, ABG, BBRG, GPIStifel to hold a conference
2014 Consumer Conference to be held in New York on June 3.
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July 23, 2014
09:10 EDTDFRGDel Frisco's drop overdone, says Sterne Agee
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07:25 EDTDFRGDel Frisco's outlook still positive, says Wells Fargo
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July 22, 2014
10:00 EDTTREXOn The Fly: Analyst Upgrade Summary
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08:03 EDTTREXTrex Company upgraded at Stifel
As noted earlier, Stifel upgraded Trex to Buy from Hold. The firm believes that the company is benefiting from an increase in its market share in composite decking , and is on the verge of significantly increasing its profits by selling recycled polyethylene. Target $37.
06:44 EDTABGAsbury Automotive reports Q2 new vehicle retail revenue up 12% to $831.5M
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06:44 EDTABGAsbury Automotive reports Q2 EPS $1.19, consensus $1.09
Reports Q2 revenue $1.50B, consensus $1.47B
06:12 EDTTREXTrex Company upgraded to Buy from Hold at Stifel
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06:06 EDTDFRGDel Frisco's lowers FY14 EPS view to 90c-94c from 94c-98c
Consensus is for FY14 EPS 96c. Based upon current information, and specifically the lost operating weeks and revised sales estimates for two locations previously referenced, the Company has lowered its annual earnings per diluted share expectations to 90c-94c from 94c-98c. The remaining guidance for the 52-week FY14 ending on December 30 includes the following: total comparable restaurant sales increase of 1.5% to 2.5%; one Del Frisco's Double Eagle Steak House opening and five Del Frisco's Grille openings; cost of sales of 30.1% -30.4% of consolidated revenues; restaurant-level EBITDA of 22.6%-23.1% of consolidated revenues; general and Administrative expenses of $20.5M-$21.2M; pre-opening expenses of approximately $4.9M-$5.5M; effective tax rate of approximately 31%-32.5%; gross capital expenditures of $38M-$40M.
06:03 EDTDFRGDel Frisco's reports Q2 EPS 20c, consensus 21c
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July 21, 2014
07:08 EDTGPIGroup 1 Automotive acquires Chevrolet, Mazda dealerships in Houston
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July 18, 2014
10:38 EDTAZOAutoZone, O'Reilly drop following Stifel downgrades
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10:03 EDTAZOOn The Fly: Analyst Downgrade Summary
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07:38 EDTAZOAutoZone downgraded at Stifel
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06:06 EDTAZOAutoZone downgraded to Hold from Buy at Stifel
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July 17, 2014
17:25 EDTABGAsbury Automotive raises share repurchase authorization to $100M
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July 16, 2014
06:37 EDTCONNConn's recent sell-off a buying opprotunity, says Piper Jaffray
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July 15, 2014
11:34 EDTCONNAaron's falls after cutting second quarter outlook
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08:16 EDTCONNConn's management to meet with Oppenheimer
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07:15 EDTLOWIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
July 11, 2014
11:19 EDTCONNRent-A-Center plummets after Q2 profit warning
Shares of rent-to-own operator Rent-A-Center (RCII) are sinking after the company’s second quarter profit outlook significantly trailed analysts’ consensus estimates. WHAT'S NEW: Last night, Rent-A-Center forecast Q2 adjusted earnings per share of 36c-38c and revenue of $773M, far short of the consensus views of 48c and $786.4M, respectively. The company’s CEO Robert Davis said, “Macro-economic pressures continue to burden our financially constrained customers contributing to softer than expected demand in our U.S. business segments. Consequently, revenue and earnings for Q2 will not meet expectations. We are not satisfied with our Q2 results and hold ourselves accountable for improving our performance. To that end, we are excited to announce a new product line in our domestic retail stores with our entrance into the burgeoning smartphone business.” WHAT’S NOTABLE: The company’s smartphone rollout offers consumers nationwide one-stop shopping for a variety of name-brand smartphones and no-contract plans, a rent-to-own industry first, the company said. PRICE ACTION: In late morning trading, Rent-A-Center fell $3.22, or about 11%, to $25.86 on more than twice its average daily trading volume. Including today’s pull back, the stock has lost approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies that provide leasing and rent-to-own arrangements of consumer products include Aaron’s (AAN), which is down 3.3%, and CONN’S (CONN), which is down 3.5%.
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