Earnings Results, Upcoming Events, Ad Launches, Lawsuit Settlements, and Business Expansions - Analyst Notes on eBay, ULTA, Office Depot, Vitamin Shoppe and KAR Auction Services
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NEW YORK, May 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding eBay Inc. (NASDAQ: EBAY), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA), Office Depot, Inc. (NYSE: ODP), Vitamin Shoppe, Inc. (NYSE: VSI) and KAR Auction Services, Inc. (NYSE: KAR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2795-100free.
eBay Inc. Analyst Notes
On May 2, 2014, Bloomberg reported that eBay Inc. (eBay) has settled a U.S. lawsuit which accused the Company of violating antitrust laws by agreeing not to hire Intuit Inc. (Intuit) employees. eBay's agreement with Intuit limited competition between the two companies and caused employees to lose opportunities for better jobs, the Justice Department quoted in the article. eBay has agreed to refrain from entering into unlawful accords with other companies to not hire each other's workers and has also settled with California with an agreement to pay $3.75 million to the state. The full analyst notes on eBay are available to download free of charge at:
http://www.analystsreview.com/2795-EBAY-22May2014.pdf
Ulta Salon, Cosmetics & Fragrance, Inc. Analyst Notes
On the corporate website of Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA), the Company posted the schedule for its upcoming shareholder meeting in the events calendar section. The meeting will be held at Bolingbrook, Illinois, on June 5, 2014 at 10:00 a.m. MT. The full analyst notes on ULTA are available to download free of charge at:
http://www.analystsreview.com/2795-ULTA-22May2014.pdf
Office Depot, Inc. Analyst Notes
On May 19, 2014, Office Depot, Inc. (Office Depot) announced that the Company has launched the first combined weekly advertisement for Office Depot and OfficeMax customers, offering great savings on products and services at both brands' retail stores. According to the Company, the move also marks one of the most visible milestones undertaken by Office Depot to integrate its two legacy brands to provide greater value, product selection and service to customers. The full analyst notes on Office Depot are available to download free of charge at:
http://www.analystsreview.com/2795-ODP-22May2014.pdf
Vitamin Shoppe, Inc. Analyst Notes
On May 7, 2014, Vitamin Shoppe, Inc. (Vitamin Shoppe) reported its financial results for Q1 FY 2014 (period ended March 29, 2014). Quarterly net sales increased 10.3% YoY to $307.8 million. According to the Company, sales growth in the quarter was driven by a 2.3% increase in comparable retail store sales, growth from non-comp stores, including Super Supplements, and a 17.0% increase in e-commerce sales. Q1 FY 2014 net income came in at $20.5 million or $0.67 per diluted share, nearly flat as compared to net income of $20.8 million or $0.68 per diluted share in Q1 FY 2013. Commenting on the results, Vitamin Shoppe's CEO Tony Truesdale said, "Total comparable sales of 3.6% were positive for the 34th consecutive quarter which highlights the consistency in our industry and our business model. Our e-commerce sales reported another quarter of double-digit growth." The full analyst notes on Vitamin Shoppe are available to download free of charge at:
http://www.analystsreview.com/2795-VSI-22May2014.pdf
KAR Auction Services, Inc. Analyst Notes
On May 14, 2014, the Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc. (KAR Auction Services), announced that they have opened a new branch in Tulsa, Oklahoma. According to the Company, the facility is essential to IAA's continued growth and expansive footprint of facilities across North America to provide buyers and sellers with more options . John Kett, CEO and President of IAA commented, "The opening in Tulsa supports our business growth in the region, improves resources across our facilities and offers buyers and sellers greater inventory and more convenience to experience our auctions." The full analyst notes on KAR Auction Services are available to download free of charge at:
http://www.analystsreview.com/2795-KAR-22May2014.pdf
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