Operational Results Release, Conference Schedule, and Financial Results Announcement - Analyst Notes on Alaska Air Group, Krispy Kreme, Zumiez, Bob Evans and Genesco
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NEW YORK, June 10, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Alaska Air Group, Inc. (NYSE: ALK), Krispy Kreme Doughnuts, Inc. (NYSE: KKD), Zumiez, Inc. (NASDAQ: ZUMZ), Bob Evans Farms Inc. (NASDAQ: BOBE) and Genesco Inc. (NYSE: GCO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3543-100free.
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Alaska Air Group, Inc. Analyst Notes
On June 4, 2014, Alaska Air Group, Inc. (Alaska Air Group) reported May 2014 and year-to-date operational results for its subsidiaries, Alaska Airlines (Alaska) and Horizon Air (Horizon), and on a combined basis., Alaska Air Group on a combined basis posted a 4.8% YoY increase in traffic on a 5.1% YoY increase in capacity, resulting in a 0.3 point YoY decrease in load factor to 85.7%. Alaska saw a 4.4% YoY increase in traffic on a 4.6% YoY increase in capacity, which resulted in a decrease of 0.3 point in load factor to 86.2%. Meanwhile, Horizon posted a 1.1% YoY decrease in traffic on a 0.9% YoY decrease in capacity, which resulted in a 0.2 point YoY decrease in load factor to 80.2%. The full analyst notes on Alaska Air Group are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/ALK/report.pdf
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Krispy Kreme Doughnuts, Inc. Analyst Notes
On June 2, 2014, Krispy Kreme Doughnuts, Inc. (Krispy Kreme) reported its financial results for Q1 FY 2015 (period ended May 4, 2014). Revenues rose 0.8% YoY to $121.6 million. Net income was $9.7 million or $0.14 per diluted share compared to $8.0 million or $0.11 per diluted share in Q1 FY 2014. Adjusted net income rose 12.2% YoY to $15.8 million. The Company's Executive Chairman James H. Morgan commented, "Today we reported our highest quarterly pretax earnings for a single quarter in over ten years, a remarkable achievement that reflects the collective efforts of our team members and franchise partners." For FY 2015 the Company revised its forecast of adjusted net income to be between $48 million and $51 million versus previous guidance of $51 million to $55 million. The full analyst notes on Krispy Kreme are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/KKD/report.pdf
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Zumiez, Inc. Analyst Notes
On June 5, 2014, Zumiez, Inc. (Zumiez) announced that its management will present at the Piper Jaffray 34th Annual Consumer Conference in New York, New York on Tuesday, June 10, 2014 at 9:55 a.m. ET and at the William Blair 34th Annual Growth Stock Conference in Chicago, Illinois on Wednesday, June 11, 2014 at 12:00 p.m. CT. The Company informed that a live webcast of the presentations can be accessed at the investor relations page of its website. The full analyst notes on Zumiez are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/ZUMZ/report.pdf
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Bob Evans Farms Inc. Analyst Notes
On May 30, 2014, Bob Evans Farms Inc. (Bob Evans) confirmed that it has reached out to director nominees proposed by Sandell Asset Management through a letter containing an invitation for each nominee for an interview that would aid the Company in evaluating whether to consider their candidacies. According to the Company, invitations were sent to the nominees on the first business day following the close of the window for stockholder nominations for election to the Company's Board on May 25, 2014. The Company stated that it is an integral part of the process of evaluating potential candidates to meet with them, and typically involves seeking each candidate's consent to be the subject of a customary credential and background investigation conducted by a third-party investigatory firm retained by the Company. The full analyst notes on Bob Evans are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/BOBE/report.pdf
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Genesco Inc. Analyst Notes
On May 30, 2014, Genesco Inc. (Genesco) reported its financial results for Q1 FY 2015 (period ended May 3, 2014). Net Sales stood at $628.8 million versus $591.4 million in Q1 FY 2014. Earnings from continuing operations were $14.1 million, or $0.60 per diluted share, compared to $14.5 million, or $0.61 per diluted share, in Q1 FY 2014. Net earnings stood at $14 million versus $14.4 million in Q1 FY 2014. Robert J. Dennis, Chairman, President and CEO of Genesco, said, "We are pleased with our performance given the choppy retail environment, combined with the lack of a meaningful, new fashion driver in the teen footwear space early in the year. We continue to expect stronger comparable sales gains and improved profitability as we move into the back half of the year." The Company expects full-year FY 2015 earnings from continuing operations to be between $115.4 million to $119.3 million. The full analyst notes on Genesco are available to download free of charge at:
http://www.analystsreview.com/Jun-10-2014/GCO/report.pdf
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