Donations, Dividend Increases, and Earnings Results - Analyst Notes on Rite Aid, Safeway, GNC, Tuesday Morning and Susser Holdings
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Rite Aid Corp. (NYSE: RAD), Safeway Inc. (NYSE: SWY), GNC Holdings Inc. (NYSE: GNC), Tuesday Morning Corp. (NASDAQ: TUES) and Susser Holdings Corp. (NYSE: SUSS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2840-100free.
--
Rite Aid Corp. Analyst Notes
On May 2, 2014, Rite Aid Corp. (Rite Aid) announced that the Rite Aid Foundation is donating $40,000 to the American Red Cross. This is in support of the victims, families, and communities affected by the severe weather that occurred in the southeast. "Our hearts go out to the victims, families and communities affected by the tornadoes and storms that crossed the southeastern part of the country earlier this week," said Ken Martindale, Rite Aid President and Chief Operating Officer, and President of The Rite Aid Foundation. "The Rite Aid Foundation has a history of helping our communities and customers in their time of need, and we hope that our donation to the American Red Cross brings aid and comfort to those who need it most." The full analyst notes on Rite Aid are available to download free of charge at:
http://www.analystsreview.com/2840-RAD-23May2014.pdf
--
Safeway Inc. Analyst Notes
On May 14, 2014, Safeway Inc. (Safeway) announced that its Board of Directors has authorized and declared an increase to its quarterly cash dividend. Under the approved increase, the Board has raised the dividend from $0.20 share to $0.23 per share, up 15%. The cash dividend is payable on July 10, 2014 to stockholders of record as of the close of business as of June 19, 2014. The full analyst notes on Safeway are available to download free of charge at:
http://www.analystsreview.com/2840-SWY-23May2014.pdf
--
GNC Holdings Inc. Analyst Notes
On May 6, 2014, GNC Holdings Inc. (GNC) reported its Q1 2014 financial results with consolidated revenue of $677.3 million, up 1.9% YoY. Net income totaled $69.9 million compared to $72.6 million in Q1 2013. Diluted EPS was $0.75, up 2.7% YoY. Joe Fortunato, Chairman, President and CEO of GNC, said, "January and February were affected by severe weather across large parts of the country, resulting in a delayed start to the workout season. In response to these challenges, our strategy will be to secure our leadership position by continually introducing superior products, focusing on our strengths in key growth categories including fitness, enhancing our marketing efforts with dunnhumby and our Beat Average campaign, and utilizing the flexibility of our Member Pricing program to give customers the best price-value proposition in the marketplace." The Company anticipates full-year 2014 consolidated diluted EPS to be approximately $3.05 to $3.10. The full analyst notes on GNC are available to download free of charge at:
http://www.analystsreview.com/2840-GNC-23May2014.pdf
--
Tuesday Morning Corp. Analyst Notes
On May 8, 2014, Tuesday Morning Corp. (Tuesday Morning) reported its Q3 FY 2014 financial results (period ended March 31, 2014) with net sales of $182.8 million, up 2.6% YoY. Operating loss was $7.6 million compared to an operating loss of $11.7 million in Q3 FY 2013. Net loss for Q3 FY 2014 was $8.4 million or $0.20 loss per share, compared to a net loss of $12.4 million or $0.29 loss per share in Q3 FY 2013. Michael Rouleau, CEO, Tuesday Morning, commented, "Our strong comparable store sales performance, increased inventory turnover, and improved cash position during the third quarter all demonstrate that our hard work is beginning to produce results. We are pleased with our continued progress and results this quarter, yet remain focused on the significant work ahead to complete the final phase of our turnaround efforts before the holiday selling season." The full analyst notes on Tuesday Morning are available to download free of charge at:
http://www.analystsreview.com/2840-TUES-23May2014.pdf
--
Susser Holdings Corp. Analyst Notes
On May 7, 2014, Susser Holdings Corp. (Susser Holdings) reported its Q1 FY 2014 financial results (period ended March 30, 2014) with consolidated revenues of $1.7 billion, up 10.6% YoY. Net loss attributable to Susser Holdings was $1.8 million, or $0.09 loss per diluted share, compared to a net loss of $0.2 million, or $0.01 loss per diluted share, in Q1 FY 2013. "Looking at our first quarter performance, we delivered solid same-store merchandise sales growth despite the fact that Easter fell in the second quarter this year and we experienced unusually cooler, wetter weather patterns during the quarter," said Sam L. Susser, Susser Chairman and CEO. Susser added, "Looking ahead, we are very positive about our ability to accelerate growth as a result of the merger agreement we reached in late April with Dallas-based Energy Transfer Partners, L.P. This cash-and-units transaction will unlock significant additional value for our shareholders." The full analyst notes on Susser Holdings are available to download free of charge at:
http://www.analystsreview.com/2840-SUSS-23May2014.pdf
--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article