Quarterly Report Card: New Research on Performant Financial, Perfumania Holdings, PetSmart, Potbelly, and Popeyes
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, February 2, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Performant Financial (NASDAQ: PFMT), Perfumania Holdings (NASDAQ: PERF), PetSmart (NASDAQ:PETM), Potbelly (NASDAQ: PBPB), and Popeyes (NASDAQ: PLKI). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
PFMT Research Report: ( http://get.analystsreview.com/pdf/?c=Performant%20Financial&d=02-Feb-2015&s=PFMT ),
PERF Research Report: ( http://get.analystsreview.com/pdf/?c=Perfumania%20Holdings&d=02-Feb-2015&s=PERF ),
PETM Research Report: ( http://get.analystsreview.com/pdf/?c=PetSmart&d=02-Feb-2015&s=PETM ),
PBPB Research Report: ( http://get.analystsreview.com/pdf/?c=Potbelly&d=02-Feb-2015&s=PBPB ),
PLKI Research Report: ( http://get.analystsreview.com/pdf/?c=Popeyes&d=02-Feb-2015&s=PLKI ).
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Analyst Update: Financial Results and CSR Initiatives
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks ended lower on Friday, sending the S&P 500 index to its biggest monthly decline in a year, as an unexpected deceleration in the U.S. fourth quarter GDP growth raised concerns over the health of world's biggest economy, curbing appeal of the risky assets. A Commerce Department data on Friday showed that the U.S. economy grew at a slower-than-expected 2.6% annualized rate in the fourth quarter versus a 5% growth in the third quarter as businesses curbed spending while trade deficit widened. The Dow Jones Industrial Average declined 1.45% to close at 17,164.95, the S&P 500 fell 1.30% to close at 1,994.99, and the Nasdaq Composite slipped 1.03% to end at 4,635.24. European equities also ended lower on Friday as data showed that consumer prices in the euro area fell more than the forecasts in January, highlighting the challenges that European Central Bank faces in its battle with deflation. Meanwhile, Asian stocks edged up on Friday, taking cues from the Wall Street where stocks rose on back of strong earnings.
Performant Financial Corporation (Performant Financial) announced its Q3 2014 financial results. Total revenues stood at $39.6 million, representing a YoY decline of 48.4%. The Company reported net loss of $0.48 million, or $0.01 per diluted share, compared to net income of $15.5 million, or $0.31 per diluted share, in Q3 2013.
Perfumania Holdings, Inc. (Perfumania Holdings) posted net income of $7.5 million or $0.48 per diluted share in Q3 FY 2014, compared with $7.3 million or $0.47 per diluted share in Q3 FY 2013.
Net sales for the quarter decreased 0.9% YoY to $154.3 million.
PetSmart, Inc (PetSmart) partnered with Children's Health to help fund the health-system's pet therapy program, which would provide thousands of patients with access to canine comfort teams across the entire health system. PetSmart is funding the program, PetSmart Paws for Hope, with a commitment of $425,000 over a five year period.
Potbelly Corporation (Potbelly) announced its Q3 FY 2014 financial results. Total revenues increased 8.5% YoY to $84.7 million. Adjusted EBITDA rose 10.1% YoY to $11.0 million and net income was at $1.9 million, compared to $2.2 million during Q3 FY 2013.
Popeyes Louisiana Kitchen, Inc. (Popeyes) posted preliminary fiscal 2014 operating results. Global same-store sales increased 9.8% in the fourth quarter fiscal 2014, rolling over a 0.8% increase in Q4 FY 2013. The Company is scheduled to host a conference call on February 26, 2015, at 9:00 a.m. ET, to review its full-year 2014 results and to provide guidance for fiscal 2015.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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.
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SOURCE Analysts Review
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