Build-A-Bear Workshop, Inc. (NYSE:BBW) announced their attendance at the ICR Conference less than a week before the event started. A few days later they also put out a Press Release – Build-A-Bear Workshop US with Preliminary Sales and Pre-Tax Earnings Expectations for FY2017.
Preliminary Results 2017 Q4 revenues of $105M (vs. $110.3M in Q416) Q4 net retail sales of $103M (vs. $107.7M in Q416) Q4 Consolidated comparable sales -7.9% (-6.4% North America, -13% Europe, e-Commerce +11.9%) Q4 GAAP retail gross margin of 50.0% (vs. 46% in Q416) Q4 repurchase of over 401,400 shares of its common stocks FY17 GAAP pre-tax income expected to be within guidance in the range of $12 to $13 million FY17 CAPEX $18 – 19M Preliminary Expectations 2018 Revenue flat to up low single digits EBIT and Net Income increase CAPEX $15 – $18M Key Messages from the ICR Conference
In 2012 BBW had a powerful brand with a broken business, the spent the last four years fixing the business and are now ready to capitalize on the brand Return to sustainable profitability Retail Apocalypse is exagerated by the media and Wall Street BBW has already implemented all actions items recommended by for brick & mortar retailers to “Fight Back”
They do not expect a materially negative impact from mall closures simply because they have already closed under-performing stores and do not want to operate more than 300 stores in traditional US malls in the next 5 years. BBW is working on a number of new concepts to increase revenue such as moving their experiential retail model to e-Commerce, modular and mobile store designs, stores near tourist locations, etc.
What they did not say is that Craig Leavitt has been appointed as Non-Executive Chairman of the Companys board of directors. Mr. Leavitt is a retail veteran and has worked for Kate Spade (COO and later CEO), Link Theory Holding (President of Global Retail), Diesel (EVP Sales and Retail) and Polo Ralph Lauren (EVP Retail Concepts). Having spent his entire career in fashion he might not be the best candidate but certainly brings with him a lot of valulble retail experience.
Top Performing Stocks To Buy Right Now: Schweitzer-Mauduit International Inc.(SWM)
- [By Logan Wallace]
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Top Performing Stocks To Buy Right Now: Coherus BioSciences, Inc.(CHRS)
- [By Lisa Levin] Gainers
Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares jumped 155.56 percent to close at $5.75 on Thursday.
Inspire Medical Systems, Inc. (NYSE: INSP) shares gained 56.12 percent to close at $24.98. Inspire Medical went public Thursday on the New York Stock Exchange. The company issued 6.75 million shares priced at $16 each.
Presbia PLC (NASDAQ: LENS) shares rose 53.02 percent to close at $3.55.
Integrated Media Technology Limited (NASDAQ: IMTE) shares rose 46.29 percent to close at $32.11. The nano-cap low-float stock skyrocketed over 1,300 percent on Wednesday on no company specific news which would support the surge. The move higher is consistent with what was seen in other low-float stocks over the past few months.
Technical Communications Corporation (NASDAQ: TCCO) climbed 27.78 percent to close at $5.75.
STAAR Surgical Company (NASDAQ: STAA) shares gained 26.27 percent to close at $21.15 after reporting upbeat Q1 results.
Sharing Economy International Inc. (NASDAQ: SEII) shares jumped 22.16 percent to close at $4.30 on Thursday after gaining 9.32 percent on Wednesday.
China Advanced Construction Materials Group, Inc. (NASDAQ: CADC) rose 20.45 percent to close at $2.65 on Thursday.
YRC Worldwide Inc. (NASDAQ: YRCW) surged 18.36 percent to close at $9.99 following upbeat quarterly earnings.
MYR Group Inc. (NASDAQ: MYRG) jumped 17.68 percent to close at $35.74 after the company posted strong Q1 earnings.
Xspand Products Lab Inc (NASDAQ: XSPL) jumped 17.4 percent to close at $5.87. Xspand Products priced its IPO at $5 per share.
Coherus BioSciences, Inc. (NASDAQ: CHRS) shares rose 17.32 percent to close at $14.90. Coherus BioSciences reported resubmission of BLA for CHS-1701.
Rudolph Technologies, Inc. (NASDAQ: RTEC) shares gained 17.17 percent to close at $31.05 following upbeat quarterly earnings.
The Meet Group, Inc. (NASDAQ: MEET) gained 16.02 percent to close at $2.68 following Q1 earnings.
Top Performing Stocks To Buy Right Now: ONEOK Inc.(OKE)
- [By Reuben Gregg Brewer]
Investing in retirement requires a different focus, usually one that includes a prominent place for dividend income. If dividend-paying stocks are what you’re looking for, then you should take a closer look at high-yielding Duke Energy Corporation (NYSE:DUK), ONEOK, Inc. (NYSE:OKE), and W.P. Carey Inc. (NYSE:WPC). They offer dividend yields of 4%, 5%, and 6%, respectively… income that could materially increase your retirement “paycheck” and help to supplement Social Security.
- [By Reuben Gregg Brewer]
Kinder Morgan, Inc. (NYSE:KMI) is one of the largest midstream companies in North America, and it has major dividend plans between 2018 and 2020. By the end of that period, it expects to increase its dividend from $0.50 per share per year (in 2017) to $1.25. That’s huge dividend growth in a short period of time. But don’t get too enamored by that news; the dividend will still be lower than it was before the midstream oil and gas company’s 75% dividend cut in 2016. If you’re looking for dividend income in the midstream space, take a look at longtime dividend payers ONEOK, Inc. (NYSE:OKE) and Magellan Midstream Partners, L.P. (NYSE:MMP) instead.
- [By Lee Jackson]
The volatile price of natural gas over the past year has weighed some on this top energy stock. ONEOK Inc. (NYSE: OKE) primarily engages in natural gas transportation, storage and natural gas and natural gas liquids (NGLs) gathering, processing and fractionation in the Bakken, Mid-Continent and Permian. The company recently closed the roll-up of its underlying master limited partnership, ONEOK Partners.