September 24, 2016 5:46 PM ET

Internet and Direct Marketing Retail

Company Overview of Bluestem Brands, Inc.

Company Overview

Bluestem Brands, Inc., a multi-brand online retailer, provides a selection of name-brand, private label, and non-branded merchandise through Internet Websites and catalogs serving low to middle income consumers in the United States. It offers home products, including housewares, bed and bath products, lawn and garden products, home furnishings, and hardware products; entertainment products, such as electronics, video games, toys, and sporting goods; and fashion products comprising apparel, footwear, cosmetics, fragrances, and jewelry under the Appleseed’s, Bedford Fair, Blair, Draper’s & Damon’s, Fingerhut, Gettington, Gold Violin, Haband, LinenSource, Norm Thompson, Old Pueblo Traders, PayC...

6509 Flying Cloud Drive

Eden Prairie, MN 55344

United States

Founded in 2002

Key Executives for Bluestem Brands, Inc.

Chief Executive Officer and President
Executive Chairman
Age: 57
Chief Financial Officer and Executive Vice President
Age: 55
Chief Operating Officer, Chief Digital Officer and Executive Vice President
Executive Vice President and President of Credit Services
Compensation as of Fiscal Year 2016.

Bluestem Brands, Inc. Key Developments

Bluestem Brands, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended July 29, 2016; Reports Net Principal Charge-Offs

Bluestem Brands, Inc. reported consolidated unaudited earnings results for the second quarter and six months Ended July 29, 2016. For second quarter, the company reported net sales of $468,102,000 compared with $301,375,000 for the same period last year. Loss before income taxes was $8,910,000 compared with $13,497,000 for the same period last year. Net loss was $7,471,000 compared with $13,098,000 for the same period last year. Adjusted EBITDA was $27,686,000 compared with $20,514,000 for the same period last year. Free cash flow was $23,176,000 compared with $16,384,000 for the same period last year. Net cash provided by operating activities was $54,493,000 compared with $29,828,000 for the same period last year. Net purchases of property and equipment was $12,627,000 compared with $8,919,000 for the same period last year. EBITDA was $24,582,000 compared with $10,878,000 for the same period last year. Maintenance capital expenditures was $4,510,000 compared with $4,130,000 for the same period last year. Lender Adjusted EBITDA was $52,618,000 compared with $33,537,000 for the same period last year. For six months, the company reported net sales of $896,618,000 compared with $507,550,000 for the same period last year. Loss before income taxes was $40,004,000 compared with $29,922,000 for the same period last year. Net loss was $26,642,000 compared with $24,364,000 for the same period last year. Adjusted EBITDA was $31,352,000 compared with $27,412,000 for the same period last year. Free cash flow was $21,915,000 compared with $20,584,000 for the same period last year. Net cash provided by operating activities was $6,095,000 compared with $7,198,000 for the same period last year. Net purchases of property and equipment was $27,914,000 compared with $15,222,000 for the same period last year. EBITDA was $24,329,000 compared with $14,309,000 for the same period last year. Maintenance capital expenditures was $9,437,000 compared with $6,828,000 for the same period last year. For the quarter, the company reported net principal charge-offs was $68,598,000 against $60,863,000 a year ago.

Bluestem Brands, Inc., Bluestem Group Inc., Q2 2017 Earnings Call, Sep 08, 2016

Bluestem Brands, Inc., Bluestem Group Inc., Q2 2017 Earnings Call, Sep 08, 2016

Bluestem Brands, Inc. Provides Earnings Guidance for the Year Ended February 3, 2017

Bluestem Brands, Inc. provided earnings guidance for the year ended February 3, 2017. For the year, the company expects net sales in the range of $2,050 million to $2,150 million, adjusted EBITDA in the range of $130 million to $140 million and maintenance capital expenditures in the range of $19 million to $23 million.

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