Bluestem Brands, Inc., a multi-brand online retailer, together with its subsidiaries, offers a selection of name-brand, private label, and non-branded merchandise through catalog and Internet Websites serving low to middle income consumers in the United States. It primarily sells consumer electronics, domestics, housewares, home furnishings, children’s merchandise, and apparel. The company’s brands include Fingerhut, a retailer that sells furniture, beddings, washers, wedding rings, and electronics; and Gettington.com, a brand for shopping. It also offers PayCheck Direct, an employee purchase program offered via employers and organizations where members can purchase various brand-name, large...
6509 Flying Cloud Drive
Eden Prairie, MN 55344
Founded in 2002
Bluestem Brands, Inc. Reports Unaudited Consolidated Earnings Results for the Thirteen Weeks and Thirty Nine Weeks Ended October 30, 2015
Dec 15 15
Bluestem Brands, Inc. reported unaudited consolidated earnings results for the thirteen weeks and thirty nine weeks ended October 30, 2015. For the thirteen weeks, the company reported net sales of $474,957,000 compared to net sales of $213,324,000 for the same period a year ago. Loss before income taxes was $9,259,000 compared to $7,684,000 last year. Net income was $5,421,000 compared to net loss of $4,389,000 last year. Free cash flow was $22,272,000 compared to $9,587,000 last year. Adjusted EBITDA was $27,020,000 compared to $11,518,000 last year. Net cash used in operating activities was $50,209,000 compared to $42,931,000 a year ago. Net purchase of property and equipment was $9,359,000 compared to $7,269,000 a year ago. EBITDA was $22,315,000 compared to $197,000 last year. Maintenance capital expenditures was $4,748,000 compared to $1,931,000 last year.
For the thirty nine weeks, the company reported net sales of $982,507,000 compared to net sales of $615,049,000 for the same period a year ago. Loss before income taxes was $38,669,000 compared to income before income taxes of $14,142,000 last year. Net loss was $18,542,000 compared to net income of $9,622,000 last year. Free cash flow was $42,855,000 compared to $58,930,000 last year. Adjusted EBITDA was $54,431,000 compared to $63,259,000 last year. Net cash used in operating activities was $41,963,000 compared to $24,842,000 a year ago. Net purchase of property and equipment was $24,582,000 compared to $18,540,000 a year ago. EBITDA was $36,623,000 compared to $38,347,000 last year. EBITDA was $36,623,000 compared to $38,347,000 last year. Maintenance capital expenditures was $11,576,000 compared to $4,329,000 last year.