Industry News

Wingstop, Inc., the award-winning wing concept with more than 900 locations worldwide, today announced an international franchise agreement with Atheela Al Arabia for the exclusive rights to open Wingstop restaurants throughout Saudi Arabia. The agreement, which significantly expands Wingstop’ s presence in the Middle East, includes development by Atheela of 100 restaurants across Saudi Arabia over the next ten years. The first sites are planned for the..."/>
Wingstop Expands Global Franchise Footprint to Saudi Arabia
El Pollo Loco Holdings, Inc. today announced financial results for the 13- week period ended June 29, 2016.. Highlights for the second quarter ended June 29, 2016, compared to the second quarter ended July 1, 2015 were as follows:. Total revenue increased 9.0% to $97.5 million compared to $89.5 million. System-wide comparable restaurant sales grew 2.4%, including a 2.0% increase for company-operated restaurants, and a 2.7% increase for franchised..."/>
El Pollo Loco Holdings, Inc. Announces Second Quarter 2016 Financial Results
FTD Companies, Inc., a premier floral and gifting company, today announced financial results for the second quarter and six months ended June 30, 2016.. “We are pleased with the growth in revenues across our International and Florist segments as well as our gifting brands, however, we faced topline headwinds in our U.S. floral businesses that impacted our overall second quarter financial performance,” commented FTD President and Chief Executive..."/>
FTD Companies, Inc. Announces Second Quarter 2016 Financial Results
Wingstop Inc. today announced fiscal second quarter 2016 financial results for the period ended June 25, 2016 and updated annual guidance for fiscal year 2016.. Highlights for the Fiscal Second Quarter 2016 compared to the Fiscal Second Quarter 2015. Total revenue increased 18.2% to $22.7 million System-wide restaurant count increased 16.4% to 914 worldwide locations Domestic same store sales increased 3.1% Net income increased to $4.1 million, or..."/>
Wingstop Inc. Reports Fiscal Second Quarter 2016 Financial Results
Overstock.com Reports Q2 2016 Results
SeaWorld Entertainment parks dropped sharply during the second quarter, driven largely by much lower visitation at its Florida locations, while persistent revenue declines in San Diego are starting to slow, the company reported Thursday. Across its 12 parks, SeaWorld saw 494,000 fewer guests during the start of the crucial summer season, causing attendance to fall 7.6 percent to 5.98 million visitors. The company blamed much of the decline on far fewer..."/>
SeaWorld suffers sharp attendance drop [The San Diego Union-Tribune]
Huntington Ingalls Industries, but the company CEO reminded Wall Street analysts Thursday that its Newport News shipyard faces a rough stretch before conditions improve. Profits for the first six months at the shipbuilding giant increased 10.7 percent from the same period a year ago. When adjusted for an insurance settlement and other issues, profits showed a nearly 35 percent increase."/>
Profits up at HII, but challenges await Newport News yard [Daily Press (Newport News, Va.)]
Iconix Brand Group, Inc. today reported its financial results for the second quarter and six months ended June 30, 2016.."/>
Iconix Brand Group Reports Financial Results For The Second Quarter 2016
Mohawk Industries, Inc. today announced 2016 second quarter record net earnings of $255 million and diluted earnings per share of $3.42, a 35% increase versus prior year. Excluding restructuring, acquisition and other charges, net earnings were $259 million and EPS was $3.47, a 29% increase over last year's second quarter adjusted EPS. Net sales for the second quarter of 2016 were $2.3 billion, up 13.2% versus the prior year's second quarter or..."/>
Mohawk Industries Reports Record Second Quarter
Lear Corporation, a leading global supplier of automotive seating and electrical systems, will participate at the J.P. Morgan Auto Conference in New York on Tuesday, August 9, 2016. Matt Simoncini, President and CEO Jeff Vanneste, Senior Vice President and CFO Ray Scott, EVP and President of Seating Frank Orsini, SVP and President of Electrical Mel Stephens, SVP Investor Relations."/>
Lear to Participate at the J.P. Morgan Auto Conference
Cumulus Media Inc. today announced operating results for the three and six months ended June 30, 2016.. For the three months ended June 30, 2016, the Company reported net revenue of $287.2 million, down 4.1% from the three months ended June 30, 2015, net income of $1.1 million, down 91.3% from the three months ended June 30, 2015, and Adjusted EBITDA of $63.2 million, down 21.8% from the quarter ended June 30, 2015. For the six months ended June 30, 2016, the..."/>
Cumulus Reports Operating Results for Second Quarter 2016
Mohawk Industries, Inc. today announced 2016 second quarter record net earnings of $255 million and diluted earnings per share of $3.42, a 35% increase versus prior year. Excluding restructuring, acquisition and other charges, net earnings were $259 million and EPS was $3.47, a 29% increase over last year's second quarter adjusted EPS. Net sales for the second quarter of 2016 were $2.3 billion, up 13.2% versus the prior year's second quarter or..."/>
Mohawk Industries Reports Record Second Quarter
LIONSGATE REPORTS RESULTS FOR FIRST QUARTER FISCAL 2017
UQM Technologies, Inc., a developer of alternative energy technologies, today announced operating results for the first quarter of fiscal year 2017. Total revenue for the quarter was $1.4 million compared to $741,000 in the first quarter last year, an increase of 94%. Net loss for the first quarter was $2.0 million, or $0.04 per common share."/>
UQM Technologies First Quarter Revenue Grows 94% Over Prior Year
Groupon introduced a private label activewear line for women Thursday as it seeks to cash in on fitness trends and bulk up its shopping business. Form+ Focus, the sixth such line from the Chicago-based e-commerce marketplace, offers workout shirts, leggings and shorts as well as sports bras. Items available on the site Thursday ranged from $11.99 to $22.99."/>
Groupon Goods debuts private-label clothing line for fitness fans [Blue Sky, Chicago]
Fred's Inc. this morning said July sales slumped 7 percent compared to a year ago, a result of government assistance funds being dispersed on Aug. 1. Last year, the aid was sent out in late July. The regional chain said sales totaled $154 million, down from $165.6 million a year earlier."/>
BRIEF: Government aid checks come too late to boost Fred's July sales [The Commercial Appeal, Memphis, Tenn.]
Sears distribution facility at North Watkins and North Parkway. As a faith-based health care provider that has long provided wellness, fitness, nutrition and spiritual..."/>
Church Health Center YMCA to open in Crosstown Concourse [The Commercial Appeal, Memphis, Tenn.]
Office Depot CEO Roland Smith offered his first glimpse at how he intends to turn around the Boca Raton-based retailer, some industry analysts said they were, for the most part, not wowed by the plans. They agreed, though, Smith had done what he had to do to boost Office Depot's fallen stock. Jefferies analyst Daniel Binder says Office Depot's $250 million cost-savings plan, announced Wednesday, does "little to really reinvent this company.""/>
Office Depot plan revives stock but some analysts question whether it will rejuvenate company [Sun Sentinel]
SeaWorld Entertainment is being blamed on a sharp decline in Brazilian guests and Orlando's softening tourism industry. "We have a Florida problem, not a SeaWorld Orlando problem," SeaWorld Entertainment President and Chief Executive Officer Joel Manby said Thursday during an earnings call with investors. The company reported an adjusted net income of $18 million in the second quarter, slightly lower than the $18.7..."/>
SeaWorld: 'Florida problem' behind drop in attendance [Orlando Sentinel]

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