Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $0.0012 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

kid brands inc (KIDBQ) Snapshot

Open
$0.0012
Previous Close
$0.0012
Day High
$0.0012
Day Low
$0.0012
52 Week High
06/3/14 - $0.06
52 Week Low
12/24/14 - $0.0009
Market Cap
26.6K
Average Volume 10 Days
4.3K
EPS TTM
$-1.54
Shares Outstanding
22.1M
EX-Date
04/22/05
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KID BRANDS INC (KIDBQ)

kid brands inc (KIDBQ) Related Businessweek News

No Related Businessweek News Found

kid brands inc (KIDBQ) Details

Kid Brands, Inc., together with its subsidiaries, designs, imports, markets, and distributes infant and juvenile consumer products. The company offers infant bedding and related nursery accessories and décor, such as blankets, rugs, mobiles, nightlights, hampers, lamps, and wall art, as well as nursery appliances, diaper bags, and spa/bath products art under the Kids Line, Carter’s, Disney, CoCaLo Baby, CoCaLo Couture, and CoCaLo Naturals brands. It also provides cribs, mattresses, and other nursery furniture under the BabiItalia, Europa Baby, Bonavita, Graco, and Serta brands; and developmental toys and feeding products, bath and baby care items, and baby gear with features that address the various stages of an infant’s early years under the Sassy, Carter’s, Disney, Garanimals, and Kokopax brands. In addition, the company markets a range of products under various licenses, including Carter’s, Disney, Graco, and Serta. Kid Brands, Inc. sells its products through its own direct sales force, as well as through independent representatives and distributors to retail customers in the United States and internationally, including mass merchandisers, baby superstores, specialty stores, department stores, and boutiques. The company was formerly known as Russ Berrie and Company, Inc. and changed its name to Kid Brands, Inc. in September 2009. Kid Brands, Inc. was founded in 1963 and is headquartered in East Rutherford, New Jersey. On June 18, 2014, Kid Brands, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of New Jersey.

300 Employees
Last Reported Date: 04/15/14
Founded in 1963

kid brands inc (KIDBQ) Top Compensated Officers

Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $418.1K
Vice President, General Counsel and Secretary
Total Annual Compensation: $213.8K
Compensation as of Fiscal Year 2013.

kid brands inc (KIDBQ) Key Developments

Kid Brands, Inc. Announces Resignation of Raphael Benaroya as Chairman, Chief Executive Officer and President

Kid Brands, Inc. announced the resignation of Raphael Benaroya, the Chairman, Chief Executive Officer and President of the company citing good reason, as that term is defined in his employment agreement dated March 14, 2013. The company and Mr. Benaroya determined to terminate their relationship on mutually agreed terms as described below. Effective as of June 18, 2014, Mr. Benaroya resigned from his position as Chief Executive Officer and President of the company and as Chairman of the company's board of directors.

Kid Brands, Inc. Announces Suspension of LaJobi Wood Furniture Operations

Kid Brands, Inc. announced that, in connection with the Company's previously announced review of strategic alternatives, it has decided to suspend the wood furniture operations of its LaJobi business unit. Kid Brands and Graco Children's Products Inc. have mutually agreed to discontinue their license agreement for the design, manufacture and production of cribs, changing tables, dressers and other infant and juvenile furniture, including an immediate waiver of LaJobi's obligation to pay additional guaranteed royalties. The Company and Graco will work together to the benefit of retail customers to facilitate a seamless transition of the production of Graco-branded furniture to a new licensee. As part of the suspension of LaJobi's wood furniture operations, Kid Brands plans to sell its remaining inventory of Graco, Bonavita and other wood furniture brands. The Company anticipates that the suspension of the wood furniture operations of LaJobi will generate annualized savings of approximately $4.0 million to $6.0 million. Kid Brands expects a reduction in the work force associated with the cessation of LaJobi's wood furniture operations. Certain positions, however, are expected to be retained to help maximize value from LaJobi's assets. The Company also intends to keep its Consumer Services function active to receive and address consumer inquiries. LaJobi's warehouse and corporate office lease expires in July 2014 and will not be renewed.

Kid Brands, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Reports Impairment of Intangibles for the First Quarter Ended March 31, 2014

Kid Brands, Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales decreased 26.1% to $38.0 million, compared to $51.4 million for the first quarter of 2013. This decrease was primarily the result of sales declines of 61.2% at CoCaLo, 36.5% at Kids Line and 31.0% at LaJobi. These declines were partially offset by an increase in sales of 10.6% at Sassy. The sales declines at CoCaLo, Kids Line, and LaJobi are due to significantly lower sales volume at certain large customers. Net loss was $31.7 million, or $1.44 per diluted share, as compared to a net loss of $1.0 million, or $0.04 per diluted share, for the first quarter of 2013. Non-GAAP adjusted net loss was $4.2 million, or $0.19 per diluted share, as compared to non-GAAP adjusted net income of $0.4 million, or $0.02 per diluted share, for first quarter of 2013. Operating loss was $30.568 million against operating income of $0.574 million a year ago. Loss from operations before income tax provision was $31.698 million against $0.946 million a year ago. For the first quarter ended March 31, 2014, the company reported impairment of intangibles of $24.060 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
KIDBQ:US $0.00 USD 0.00

KIDBQ Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for KIDBQ.
View Industry Companies
 

Industry Analysis

KIDBQ

Industry Average

Valuation KIDBQ Industry Range
No financial data is available for KIDBQ.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact KID BRANDS INC, please visit www.kidbrandsinc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.