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Stock Market & Financial Investment News

News Breaks
June 11, 2014
08:25 EDTHSNI, HSNI, GIII, GIII, BSET, BSET, BGS, BGS, SONC, SONC, CONN, CONN, ASNA, ASNA, WSM, WSM, TFM, TFM, BBRG, BBRG, LF, LFPiper Jaffray to hold a conference
34th Annual Consumer Conference is being held in New York on June 10-11 with webcasted company presentations to begin on June 11 at 8:30 am; not all company presentations may be webcasted.Webcast Link
News For HSNI;BBRG;TFM;WSM;ASNA;CONN;SONC;BGS;BSET;GIII;LF From The Last 14 Days
Check below for free stories on HSNI;BBRG;TFM;WSM;ASNA;CONN;SONC;BGS;BSET;GIII;LF the last two weeks.
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July 24, 2014
17:35 EDTWSMWilliams-Sonoma names Dean Miller as COO, other executive appointments
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July 21, 2014
10:19 EDTLFHasbro tumbles after lower games performance weighs on sales
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08:32 EDTASNAAscena Retail initiates search process for new CFO
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July 17, 2014
18:31 EDTBGSOn The Fly: After Hours Movers
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16:22 EDTBGSB&G Foods CEO says continues to see added expenses
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16:07 EDTBGSB&G Foods lowers FY14 EPS view to $1.54-$1.60 from $1.59-$1.65
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16:05 EDTBGSB&G Foods lowers FY14 EPS, EBITDA outlook
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16:04 EDTBGSB&G Foods reports Q2 adjusted EPS 33c, consensus 39c
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13:00 EDTBSETBassett Furniture board increases quarterly dividend to 8c
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10:55 EDTLFMattel topples after Q2 earnings miss estimates
Shares of global toy product manufacturer Mattel (MAT), are toppling over after the company's second quarter earnings results fell below analysts' consensus. WHAT'S NEW: Mattel's reported Q2 earnings per share of 8c, which was not comparable to a consensus of 18c since the company said its EPS number included a tax benefit of 11c per share and a negative impact of 7c per share of MEGA Brands acquisition and integration costs. Excluding both of these items, EPS was 3c per share. Mattel's Q2 revenue was $1.06B, which missed analysts' consensus estimates of $1.19B. For Q2, the company reported that its Girls and Boys Brands sales were down 13%, Fisher-Price Brands sales were down 17%, American Girl Bands revenue was up 6% and revenue from its Construction and Arts & Crafts Brands was $61.6M. WHAT'S NOTABLE: During its earnings conference conference call, Mattel said that it plans to increase advertising spending in the second half of the year to build momentum for key brands. It sees improving global trends in point-of-sale but says the company still has a lot of work to do to improve those trends. As Mattel looks to the third quarter, it sees continued challenges from current headwinds. With the MEGA brands deal now closed, the company aims to improve profitability of MEGA brands on a global basis and believes the acquisition will be accretive to earnings in fiscal year 2015. It expects lower international sales and is investing heavily in markets in Russia and China. Mattel is looking to maintain gross margins in the low to mid-50% range in near term. It noted that it aims to achieve a modest increase in SG&A due to severance and ongoing growth investments, excluding the MEGA Brands acquisition. Inventory fair value adjustment related to existing MEGA Brands-owned inventory should wind down in Q3, the company said. Amortization is expected to decrease to $17M in 2015 and $9M in 2016. PRICE ACTION: Shares of Mattel are down $2.31, or 5.92%, to $36.72 in morning trading. OTHERS TO WATCH: Mattel peer Hasbro (HAS), which reports quarterly earnings on July 21, is relatively flat at $52.59. JAKKS Pacific (JAKK) is up almost 1.5% to $8.20 and and LeapFrog (LF) is up 3.02% to $7.66.
10:00 EDTWSM, TFMOn The Fly: Analyst Initiation Summary
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08:25 EDTLFLeapFrog LeapTV product platform could be very big, says BMO Capital
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07:22 EDTTFMThe Fresh Market initiated with an Underperform at Credit Suisse
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July 16, 2014
17:25 EDTWSMWilliams-Sonoma initiated with a Buy at Nomura
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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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10:00 EDTTFMOn The Fly: Analyst Upgrade Summary
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09:33 EDTTFMThe Fresh Market upgraded to Buy from Neutral at Northcoast
08:16 EDTCONNConn's management to meet with Oppenheimer
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July 13, 2014
15:18 EDTHSNIJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link

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