Holiday Shopping Promo, Collaboration, Event, Share Repurchasing, Term Loan, and Quarterly Report - Research Report on Macy's, Walgreens, GameStop, GNC, and PetSmart
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NEW YORK, December 4, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Macy's, Inc. (NYSE: M), Walgreens Co. (NYSE: WAG), GameStop Corp. (NYSE: GME), GNC Holdings Inc. (NYSE: GNC), and PetSmart, Inc. (NASDAQ: PETM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Macy's, Inc. Research Report
On November 27, 2013, Macy's, Inc. (Macy's) announced that it is unveiling the biggest online shopping holiday of the year. According to Macy's, it will be offering specials on hundreds of items for him, her and the home online at macys.com and in select stores nationwide starting December 1, 2013. Jeff Kantor, Chairman of macys.com, commented, "Our customers enjoy the flexibility of being able to shop Macys.com around the clock for incredible deals, especially on Cyber Monday." Kantor added, "It's our goal to make holiday shopping as convenient and affordable as possible, and we know they will appreciate being able to preview and shop incredible offers on thousands of items beginning Sunday." The Full Research Report on Macy's, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/b69d_M
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Walgreens Co. Research Report
On November 22, 2013, Walgreens Co. (Walgreens) announced the expansion of its collaboration with Johns Hopkins Medicine (JHM). Walgreens reported that it has opened a new Walgreens store at the Science and Technology Park adjacent to the JHM campus. Kermit Crawford, Walgreens President of Pharmacy, Health, and Wellness, stated, "This store is an ideal environment for our pharmacists and the Healthcare Clinic nurse practitioners to work with Johns Hopkins Medicine faculty to further innovate in health care while providing greater access to services for the community." Crawford continued, "We're proud of the great work that's being done through this unique collaboration that led to this store's opening as a model of our partnership to help students, staff and area residents get, stay and live well." The Full Research Report on Walgreens Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/844c_WAG
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GameStop Corp. Research Report
On November 22, 2013, GameStop Corp. (GameStop) announced that gamers flocked to its more than 4,200 stores in the US for the midnight launch of Xbox One on November 21, 2013. According to the Company, attendees at the GameStop New York City Xbox One launch event, organized by GameStop, enjoyed food, prizes, live music, and more throughout the night. GameStop reported that thousands of gaming fans attended the launch. The Full Research Report on GameStop Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/d8d8_GME
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GNC Holdings Inc. Research Report
On November 26, 2013, GNC Holdings Inc. (GNC) announced that its Board of Directors has authorized a multi-year program to repurchase up to an aggregate $500 million of Class A common stock, effective immediately. GNC reported that it increased its Term Loan to approximately $1.4 billion, and the maturity date was extended by one year to March 2019. The Company stated that the loan bears interest at a rate per annum equal to the greater of the sum of the applicable Adjusted LIBO Rate and 0.75% plus the applicable margin of 2.50%. GNC further informed that lenders will receive a 1% premium if the Company consummates a "repricing transaction" within six months. Joe Fortunato, Chairman, President and CEO of GNC, said, "The continuation of our share repurchase program and evolution of our capital structure reaffirms our commitment to consistently return capital to shareholders, and reinforces our confidence in the fundamental strength and long-term prospects of the business." The Full Research Report on GNC Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/54b0_GNC
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PetSmart, Inc. Research Report
On November 22, 2013, PetSmart, Inc. (PetSmart) released its Q3 FY2013 results (period ended November 3, 2013). PetSmart registered net sales of $1.7 billion in Q3 FY2013, up 4.0% YoY. The Company posted net income of $92.2 million in Q3 FY2013, up 12.0% YoY. PetSmart further reported diluted EPS of $0.88 in Q3 FY2013, up 17.3% YoY. Commenting on the results, David Lenhardt, CEO of PetSmart, said, "Given the challenged consumer environment during the quarter, we are pleased with our results and level of execution." Lenhardt continued, "Our performance demonstrates the strength and stability of our business." The Full Research Report on PetSmart, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/d0c1_PETM
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