CarMax to release sales and earnings for the second quarter ended August 31, 2016 on September 21, 2016

RICHMOND, Va., 2016-Sep-08 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today (Sep. 7, 2016) announced details of its investor conference call to be conducted in conjunction with the release of sales and earnings for the second quarter ended August 31, 2016.

September 21, 2016 – Second Quarter Fiscal Year 2017 Earnings Conference Call

On September 21, CarMax will release sales and earnings for the second quarter ended August 31, 2016, and will host a conference call for investors at 9:00 a.m. ET. Investors may access the call as follows:

  • Dial 1-888-298-3261 (international callers dial 1-706-679-7457). The conference ID is 24693784.
  • A live webcast also will be available at investors.carmax.com.
  • A webcast replay of the call will be available at investors.carmax.com through December 19, 2016. A telephone replay also will be available through September 28, 2016, and may be accessed by dialing 1-855-859-2056 (international callers dial 1-404-537-3406). The conference ID is 24693784.

About CarMax
CarMax is the nation’s largest retailer of used cars and operates more than 160 stores in 37 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For more than 20 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 22,000 associates nationwide and for 12 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 29, 2016, the company retailed 619,936 used cars and sold 394,437 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Investors Contact:
Katharine Kenny
Vice President
Investor Relations
(804) 935-4591

Celeste Gunter
Manager
Investor Relations
(804) 935-4597

Media Contact:
pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

GameStop Corp. announces sales and earnings for the second quarter ended July 30, 2016

GRAPEVINE, TX , 2016-Aug-27 — /EPR Retail News/ — GameStop Corp. (NYSE: GME), a global family of specialty retail brands that makes the most popular technologies affordable and simple, today ( 08/25/16) reported sales and earnings for the second quarter ended July 30, 2016.

The following table summarizes the second quarter results for fiscal 2016 and 2015 ($ in millions, except per share amounts):

Quarter Ended
July 30, 2016 Aug. 1, 2015 Change
Net Sales $1,631.8 $1,761.9 -7.4%
Same store sales* -10.6% 8.1%
GAAP Net Income $27.9 $25.3 10.3%
GAAP Diluted EPS $0.27 $0.24 12.5%
Non-GAAP Net Income $27.9 $33.1 -15.7%
Non-GAAP Diluted EPS $0.27 $0.31 -12.9%
Technology Brands Operating Earnings $13.9 $0.4 3,375.0%
*excludes Technology Brands stores

Paul Raines, chief executive officer, stated, “As expected, the continued growth and increased profit contribution of our non-physical gaming businesses drove our second quarter results. Tech Brands sales grew more than 50%, omni-channel sales increased 16%, Collectibles sales more than doubled and year-to-date, more than half of GameStop’s operating earnings have come from non-physical gaming categories. These new businesses offset a tough quarter for video gaming and prove that our diversification strategy is succeeding.”

Second Quarter Results

Total global sales decreased 7.4% to $1.63 billion, while consolidated comparable store sales declined 10.6% (-12.5% in the U.S. and -5.9% internationally). Video game sales were impacted by a lack of new titles to offset strong Q2 2015 title launches, such as Batman: Arkhman Knight and Elder Scrolls Online, and a decline in hardware sales caused primarily by new information being released about upcoming new consoles. Pre-owned sales significantly outperformed the new side of the video game business, declining only 3.2% compared to the second quarter of 2015.

In July, GameStop, via its GameTrust division and partnership with Insomniac Games, launched its first Indie game, Song of the Deep. GameTrust has several new titles in development, including De-formers, set to launch this holiday.

Non-GAAP digital receipts rose 3.3%, to $205.6 million, driven by sales of DLC and console digital currency. GAAP digital sales decreased 12.7%.

Sales in the Mobile and Consumer Electronics category increased 43.0% to $203.3 million, as Technology Brands revenues increased 54.6% to $175.9 million. Technology Brands operating earnings were $13.9 million compared to $400,000 in the prior year quarter. Overall, this segment contributed 23.8% of the company’s second quarter operating earnings. Technology Brands is on track to deliver between $85 million and $100 million of operating earnings in fiscal 2016.

Collectibles sales rose 119.5% to $90.0 million, driven by sales of ThinkGeek.com, various Pokémon products, assorted Five Nights at Freddy’s skus and character pop vinyls from recently released movies like Suicide Squad. The company added ten Collectibles stores during the quarter, bringing the total global portfolio to 47 stores.

GameStop’s net earnings for the second quarter were $27.9 million, or $0.27 per diluted share, compared to diluted earnings per share of $0.24 in the prior year quarter. Non-GAAP earnings for the quarter were $27.9 million, or $0.27 per diluted share, compared to Non-GAAP earnings of $33.1 million, or $0.31 per diluted share, in the prior year quarter. Last year’s reconciliation of GAAP net income to non-GAAP net income is included with this release (Schedule III).

Capital Allocation Update

On August 22, 2016, GameStop’s board of directors declared a quarterly cash dividend of $0.37 per common share payable on September 22, 2016 to shareholders of record as of the close of business on September 9, 2016. As previously announced, GME acquired 507 new AT&T Mobility stores through the acquisition of three national AT&T authorized retailers for approximately $441 million.

Earnings Guidance

For the third quarter of fiscal 2016, GameStop expects comparable store sales to range from -2.0% to 1.0%. Diluted earnings per share are expected to range from $0.53 to $0.58. For fiscal 2016, the company is reiterating its full year diluted earnings per share guidance of $3.90 to $4.05 and comparable store sales are now expected to range of -4.5% to -1.5%.

Note: The guidance is based on weighted average shares outstanding of 104,500,000.

Conference Call Information

A conference call with GameStop Corp.’s management is scheduled for August 25, 2016 at 4:00 p.m. CT to discuss the company’s financial results. The phone number for the call is 888-500-6948 and the pass code is 5743731. This call, along with supplemental information, can also be accessed at GameStop Corp.’s investor relations home page at http://investor.GameStop.com/. The conference call will be archived for two months on GameStop’s corporate website.

About GameStop

GameStop Corp. (NYSE: GME), a Fortune 500 company headquartered in Grapevine, Texas, is a global, multichannel video game, consumer electronics and wireless services retailer. GameStop operates more than 7,500 stores across 14 countries. The company’s consumer product network also includes www.gamestop.com; www.Kongregate.com, a leading browser-based game site; Game Informer® magazine, the world’s leading print and digital video game publication; and ThinkGeek, www.thinkgeek.com, the premier retailer for the global geek community featuring exclusive and unique video game and pop culture products. In addition, our Technology Brands segment includes Simply Mac and Spring Mobile stores. Simply Mac, www.simplymac.com, operates 72 stores, selling the full line of Apple products, including laptops, tablets, and smartphones and offering Apple certified warranty and repair services. Spring Mobile, www.springmobile.com, sells all of AT&T’s products and services, including DIRECTV through its 1,424 AT&T branded stores and offers pre-paid wireless services, devices and related accessories through its 70 Cricket branded stores in select markets in the U.S.

General information about GameStop Corp. can be obtained at the company’s corporate website. Follow @GameStop on Twitter and find GameStop on Facebook at www.facebook.com/GameStop.

Non-GAAP Measures

As a supplement to our financial results presented in accordance with U.S. generally accepted accounting principles (GAAP), GameStop may use certain non-GAAP measures, such as digital receipts and constant currency, to provide a clearer perspective of the current operating performance of the company. GameStop defines digital receipts as the full amount paid by the customer for digital content at the time of sale and/or the value attributed to digital content when physical and digital products are sold combined. Results reported as constant currency exclude the impact of fluctuations in foreign currency exchange rates by converting our local currency financial results using the prior period exchange rates and comparing these adjusted amounts to our current period reported results. Our definition and calculation of constant currency information may differ from that of other companies. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the company’s reported GAAP financial results.

Safe Harbor

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, the outlook for the third quarter and fiscal 2016, future financial and operating results and projections, projected store openings, timing and terms of potential acquisitions, the company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of GameStop’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. GameStop undertakes no obligation to publicly update or revise any forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the inability to obtain sufficient quantities of product to meet consumer demand, including console hardware and accessories; the timing of release and consumer demand for new and pre-owned video game titles; our ability to continue to expand, and successfully open and operate new stores for, our collectibles and tech brands businesses; risks associated with achievement of anticipated financial and operating results from acquisitions; our ability to sustain and grow our console digital video game sales; the risks associated with international operations, wireless industry partnerships and operations and the completion and integration of acquisitions; increased competition and changing technology in the video game industry, including browser and mobile games and digital distribution of console games, and the impact of that competition and those changes on physical video game sales; and economic, regulatory and other events, including litigation, that could reduce or impact consumer demand or affect the company’s business. Additional factors that could cause GameStop’s results to differ materially from those described in the forward-looking statements can be found in GameStop’s Annual Report on Form 10-K, as amended, for the fiscal year ended Jan. 30, 2016 filed with the SEC and available at the SEC’s Internet site at http://www.sec.gov or http://investor.GameStop.com.

Contact:
Matt Hodges
Vice President
Corporate Communications & Investor Relations
GameStop Corp.
(817) 424-2130

Source: GameStop Corporation

Lenta announces its consolidated sales and operating results for the second quarter ended 30 June 2016

St-Petersburg, Russia, 2016-Jul-26 — /EPR Retail News/ — Lenta Ltd, (LSE, MOEX: LNTA / “Lenta” or the “Company”) one of the largest retail chains in Russia, is pleased to announce the Company’s consolidated sales and operating results for the second quarter ended 30 June 2016.

To view the full release, please click here.

2Q 2016 Operating Highlights:

  • Total sales grew 21.8% in 2Q 2016 to Rub 73.6bn (2Q 2015: Rub 60.4bn);
  • Like-for-like (“LFL”)1 sales growth of 4.9% vs. 2Q 2015;
  • LFL traffic growth of 1.4% combined with a 3.4% increase in LFL ticket;
  • Five hypermarkets and four supermarkets opened during the second quarter of 2016;
  • Total store count reached 189 stores as at 30 June 2016, comprising 147 hypermarkets and 42 supermarkets;
  • Total selling space increased to 922,865 sq.m. as at 30 June 2016 (+22.8% vs. 30 June 2015); and
  • Number of active loyalty cardholders2 increased to 9.3m (+23% y-o-y) with approximately 93% of transactions in the second quarter made using the loyalty card.

1H 2016 Operating Highlights:

  • Total sales grew 21.9% in 1H 2016 to Rub 140.1bn (1H 2015: Rub 114.9bn);
  • LFL sales growth of 5.2% vs. 1H 2015;
  • LFL traffic growth of 2.1% combined with a 3.0% increase in LFL ticket;
  • Eight hypermarkets and 10 supermarkets opened during the first half of 2016;

Material events in 2Q 2016 and after the reported period:

  • Lenta agreed a Rub 53bn credit limit with Sberbank, providing access to new long-term loans of up to RUB 25bn for a period of up to 5 years;
  • Lenta registered an Exchange Bond programme for up to a total maximum principal amount of RUB 100bn;
  • Fitch Ratings has upgraded Lenta’s Long-term foreign and local currency Issuer Default Ratings (IDRs) from ‘BB-’ to ‘BB’ and National Long-term rating from ‘AA-(rus)’ to ‘A+(rus)’. The outlook on the ratings is stable.

Lenta’s Chief Executive Officer, Jan Dunning commented:
“We are pleased with the results of the second quarter of 2016 – 21.8% sales growth with 4.9% LFL sales growth despite the rapid fall in food inflation since the beginning of the year and the high base for comparison of the second quarter of 2015.

The consumer environment continues to be challenging due to the impact of continuing low wage growth on purchasing power. More positively, lower food inflation combined with the attractiveness of Lenta’s offer to consumers led to further stabilization of purchasing trends with product mix improving for the first time since 2014 and the average number of articles per basket increasing for the second quarter in a row.

We successfully continued expansion of our hypermarket format and accelerated rolling-out of our supermarket format in Moscow and Saint-Petersburg. In the first half of the year we opened more supermarkets than in the full year of 2015. We also continued developing infrastructure for the supermarket format and plan to start operations in a new dedicated supermarket distribution centre in Moscow during 3Q 2016.

We are well on track to deliver at least 40 new hypermarkets this year, exceeding our ambitious target of doubling selling space in three years by December 2016. We have already secured most of the sites required to meet our hypermarket opening goals for 2017 and continue to be selective in choosing the best investment opportunities.”

To view the full release, please click here.

1 Lenta’s stores are included in the LFL store base starting 12 months after the end of the month in which they are opened
2 Cardholders who made at least 2 purchases at Lenta during the 12 months to 30 June 2016 are considered active

For further information please visit http://www.lentainvestor.com/en/or contact:

Anna Meleshina,
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com

Anastasia Kuznetsova,
Corporate Communications Manager
Тel:+7 (812) 336 39 97
E-mail: a.kuznetsova@lenta.com

David Westover
Senior Director
+44 207 282 2886 desk
+44 7768 897722 mobile
David.westover@citigatedr.co.uk

Marina Zakharova
Director
+44 207 282 1079 desk
+44 7774 256545
Marina.zakharova@citigatedr.co.uk

Source: Lenta

Sprouts Farmers Market to issue financial results for second quarter ended July 3, 2016 on August 4, 2016

PHOENIX, Ariz., 2016-Jul-14 — /EPR Retail News/ — Sprouts Farmers Market, Inc. (Nasdaq:SFM) today announced it will issue financial results for the second quarter ended July 3, 2016 before the market opens on Thursday, August 4, 2016. Following the release, Sprouts management will conduct a conference call at 7:00 a.m. PDT (10:00 a.m. EDT) to discuss the results for the quarter.

A webcast of the conference call will be available on the Investor Relations section of the Company’s website at investors.sprouts.com. Participants should register on the website approximately 10 minutes prior to the start of the webcast.

The conference call will be available via the following dial- in numbers:

  • U.S. Participants: 877-398-9481
  • International Participants: Dial +1-408-337-0130
  • Conference ID: 44772153

The audio replay will remain available for 72 hours and can be accessed by dialing 855-859-2056 (toll-free) or 404-537-3406 (international) and entering the confirmation code: 44772153.

About Sprouts Farmers Market
Sprouts Farmers Market is a healthy grocery store offering fresh, natural and organic foods at great prices. Sprouts offers a complete shopping experience that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, natural body care and household items catering to consumers’ growing interest in health and wellness. Headquartered in Phoenix, Arizona, Sprouts employs more than 22,000 team members and operates more than 230 stores in 13 states from coast to coast. For more information, visit www.sprouts.com or @sproutsfm on Twitter.

Investor Contact:

Susannah Livingston
(602) 682-1584
susannahlivingston@sprouts.com

Media Contact:
Donna Egan
(602) 682-3152
donnaegan@sprouts.com

Source:Sprouts

 

Cabela’s Incorporated to release second quarter 2016 financial results on Thursday, July 28, 2016

SIDNEY, Neb., 2016-Jul-08 — /EPR Retail News/ — Cabela’s Incorporated (NYSE:CAB) announced today it is scheduled to release second quarter 2016 financial results before the market opens on Thursday, July 28, 2016. A conference call to discuss the results will be held at 11:00 a.m. ET that same morning. The call will be hosted by Tommy Millner, Chief Executive Officer, Scott Williams, President, and Ralph Castner, Executive Vice President and Chief Financial Officer.

A webcast of the conference call can be accessed on the Investor Relations section of the Company’s website at www.cabelas.com. To ensure access to the webcast, please visit the website at least 15 minutes prior to the call to register and download any necessary software. A replay of the webcast will be archived on the Company’s website.

About Cabela’s Incorporated

Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world’s largest direct marketer, of hunting, fishing, camping and related outdoor merchandise. Since the Company’s founding in 1961, Cabela’s® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World’s Foremost Outfitter®. Through Cabela’s growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela’s stock is traded on the New York Stock Exchange under the symbol “CAB.”

Contacts:

Investors:
Cabela’s Incorporated
Andrew Weingardt
308-255-2905

Media:
Cabela’s Incorporated
308-255-1204

Source: Cabela’s Incorporated

 

Smart & Final Stores, Inc. to report its financial results for second quarter ended June 19, 2016 on July 28, 2016

COMMERCE, Calif., 2016-Jul-08 — /EPR Retail News/ — Smart & Final Stores, Inc. (NYSE: SFS), the value-oriented food and everyday staples retailer, today announced that it will report its financial results for the second quarter ended June 19, 2016, on Thursday, July 28, 2016, after the close of market. David Hirz, President and Chief Executive Officer, and Richard Phegley, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day.

The call will also be broadcast live over the Internet, accessible through the Investors section of Smart & Final’s website at www.smartandfinal-investor.com.

Smart & Final Stores Second Quarter 2016 Conference Call Details

Date: Thursday, July 28, 2016

Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)

Dial-In: 1-877-407-0784 (domestic), 1-201-689-8560 (international)

Conference ID: 13639710

A telephonic replay of the call will be available beginning Thursday, July 28, 2016, at 8:00 p.m. Eastern Time, through Thursday, August 11, 2016, at 11:59 p.m. Eastern Time. To access the replay, dial 1-877-870-5176 (domestic) or 1-858-384-5517 (international) and enter the replay pin number: 13639710. A replay of the webcast will also be available for 60 days upon completion of the conference call, accessible through the Investors section of Smart & Final’s website at www.smartandfinal-investor.com.

About Smart & Final
Smart & Final Stores, Inc. (NYSE: SFS), is a value-oriented food and everyday staples retailer, headquartered in Commerce (near Los Angeles), California. The Company offers quality products in a variety of sizes, saving household, nonprofit and business customers time and money. As of June 19, 2016, the Company operated 306 grocery and foodservice stores under the “Smart & Final,” “Smart & Final Extra!” and “Cash & Carry Smart Foodservice” banners in California, Oregon, Washington, Arizona, Nevada, and Idaho, with an additional 15 stores in Northwestern Mexico operated through a joint venture. In business for 145 years, the Company remains committed to giving back to local communities through employee volunteer opportunities and Company donations to local nonprofits.

INVESTOR CONTACTS:
Laura Bainbridge / Andrew Greenebaum
Addo Communications
O: 310.829.5400
investors@smartandfinal.com

MEDIA CONTACT:
press@smartandfinal.com

SOURCE Smart & Final Stores, Inc.