hsn inc (HSNI) Key Developments
HSN, Inc. and Margaritaville Announce First Retail Launch Across Multiple HSNi Brands
May 6 15
Paradise will soon arrive at HSN, Inc. through an expansive new partnership with Margaritaville Enterprises that will bring an impressive range of Margaritaville-inspired culinary, home, electronics, beauty and apparel products to HSN and HSNi's Cornerstone division brands, Frontgate and TravelSmith. The large partnership of the year for HSNi, this new collaboration represents a dynamic new distribution platform for the fast-growing Margaritaville brand, which is influenced by the laid-back, island way of life where 'it's always 5 o'clock somewhere'. The Margaritaville-HSNi partnership officially launches with an assortment of 142 home products appearing on the Frontgate website. This will be supported with a Frontgate catalog mailing to 10 million U.S. homes.
HSN Declares Quarterly Cash Dividend, Payable on June 17, 2015
May 6 15
The board of directors of HSN approved a quarterly cash dividend of $0.35 per share payable June 17, 2015 to shareholders of record as of June 3, 2015.
HSN, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 6 15
HSN, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, Net sales were $841,887,000 against $777,420,000 a year ago. Operating income was $57,009,000 against $41,868,000 a year ago. Income before income taxes was $53,712,000 against $40,169,000 a year ago. Net income was $33,689,000 against $24,182,000 a year ago. Diluted net income per share was $0.63 against $0.45 a year ago. Net cash provided by operating activities was $36,349,000 against net cash used in operating activities of $8,699,000 a year ago. Capital expenditures were $13,145,000 against $7,262,000 a year ago. Adjusted EBITDA was $73,151,000 against $59,757,000 a year ago. Non-GAAP Adjusted net income was $33,689,000 or $0.63 per share against $27,282,000 or $0.50 per share a year ago. The effective tax rate was 37% compared to 40% in the prior year. The change in the effective tax rate was primarily due to the non-deductibility of $3.1 million in the prior year for the CPSC. Sales grew 10% to $600 million with digital sales growth of 18% and digital penetration increasing 280 basis points to 41%. Performance in the first quarter reflects the continued execution of customer strategy and ability to leverage data analytics to both create personal connections and drive commerce.
HSN, Inc. Names John Aylward as Executive Vice President and Chief Marketing Officer for HSN
Apr 22 15
HSN, Inc. announced that retail industry veteran John Aylward will join the company as executive vice president and chief marketing officer for HSN. Mr. Aylward joins HSN after serving in senior marketing leadership positions at a number of strong consumer brands including DSW, Starbucks, The Gap, Inc. and Sony Corporation. At HSN, Mr. Aylward will have operating responsibility for the development of the brand and oversee integrated marketing, omni-channel marketing and creative. He will report to Bill Brand, president of HSN and CMO of the company.
HSN, Inc. to Report Q1, 2015 Results on May 06, 2015
Apr 15 15
HSN, Inc. announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on May 06, 2015