Monthly Archives: August 2016

LCLP Signs Exclusive Rep Agreement with Retail Ready Group for the Distribution of the Life Clips 4K Action Camera

CHARLOTTE, NC / ACCESSWIRE / August 30, 2016 / Life Clips®, Inc. (OTCQB: LCLP), an innovative brand of products revolutionizing the way people capture, manage, enjoy, and charge the devices that share life’s moments, is pleased to announce that the company has signed an exclusive rep agreement with Retail Ready Group, LLC for distribution of its 4K action camera and Mobeego into some of the largest retailers in the world.

Retail Ready Group has established relationships with outlets that include Bros. Corp, Central Markets, Dick’s Sporting Goods, Gamestop, JC Penny, Lowes, New Egg, Schnuck’s, 7-Eleven Corp (US), Market Street/United Grocers, Academy Sports, Albertsons, Battery’s Plus, Bulbs, Brookshire, Big 5 Sports, Conn’s Eton corp (OE), Fred Meyer, Fry’S, HEB, Home Depot, Menards, Meijer, Airport Wireless In Motion, Quick Trip, McLane Corp, REI, Safeway, Sportsman’s Warehouse, Synnex (Disty), Petra (Distyz), Voice Comm (Disty), Allsups Convenience Stores, and Paradies Shops.

Retail Ready has over 70 years of combined experience in business and our goal is to help companies navigate the field of working with retailers, distributors, and e-commerce outlets.

In response to this latest milestone, CEO Bob Gruder explained, “As Life Clips continues to open up new sales channels both internationally and here in the US, we’re excited that we’re able to have the experienced team of Retail Ready behind our brands. Retail Ready has relationships with some of the biggest retailers with customer bases that our products are targeted at and we’re more than ready to capitalize on such an opportunity.”

About Life Clips®, Inc:

Life Clips is a developer and manufacturer of action cameras aimed at families, action sports enthusiasts, and those on vacation. Life Clips also offers innovative accessories like one time use batteries Mobeego® for mobile devices. Our future cameras will allow for live streaming and filming an event from more than one perspective. High quality videos and stills can be taken from unique positions. www.LifeClips.com

About Mobeego®

The Mobeego® brand launched in November 2015. Mobeego® is available within 16 different countries and has sold north of 450,000 units. Mobeego®’s anticipated revenue before the end of Q3 of this year is $1,000,000. The Mobeego® product is an affordable & award winning one time use wireless, disposable & recyclable battery that plugs directly into one’s mobile device, iPad, or action camera. The products can be seen at the Mobeego site: www.mobeego.com

About Retail Ready Group, LLC

Retail Ready Group, LLC is a company comprised of retail industry experts. As former corporate professionals they’ve honed their sales and marketing skills by working with the largest retailers on the planet. The Company believes those skills and perspectives gives Retail Ready a distinct advantage when working with its retailer partners. With over 70 years of combined progressive business experience, Retail Ready Group, LLC, helps companies navigate the complexities of working with today’s retailers, e-commerce sites and wholesale distributors. For more information on Retail Ready Group, visit the corporate website: http://www.retailreadygroup.com

Safe Harbor Statement

In addition to statements of current and historical fact, this Press Release contains forward-looking statements. The words “forecast,” “will,” “intend,” “anticipate,” “project,” “intend,” “expect,” “should,” “believe” and similar expressions are intended to identify forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this Press Release, we caution you that these statements are based on a combination of facts and factors currently known by Life Clips and its projections of the future, about which it cannot be certain. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including those discussed in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Life Clips’ annual report on Form 10-Q and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), as well as matters discussed in Life Clips’ financial statements and related notes and other filings with the SEC, which may cause its actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Accordingly, all forward-looking statements should be evaluated with an understanding of their inherent uncertainty. Except as required by law, Life Clips assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

CONTACT INFORMATION:

Robert Gruder
Chief Executive Officer
info@lifeclips.com

Life Clips Investor Relations

David Kugelman
Atlanta Capital Partners, LLC
(404) 856-9157
(866) 692-6847 Toll Free – U.S. And Canada

SOURCE: Life Clips, Inc.

ReleaseID: 444525

Castle Peak Plans Drilling on Strong Sampling Results

VANCOUVER, BC / ACCESSWIRE / August 30, 2016 / Castle Peak Mining Ltd. (TSXV: CAP) (“Castle Peak” or the “Company”), is pleased to announce that based on the results of the recently completed sampling program at the Akorade Project the Directors of the Company support initial drill evaluation of three prospects. The prospects of interest are within the Akorade Project located in the southern Ashanti Belt, Ghana. The results of the sampling are summarized below along with the objectives of the proposed drill program.

Highlights:

Dansuom North: Of the 49 sample sites, 14% returned >70 parts per billion (“ppb”) gold (“Au”), with a range of <10 to 200ppb Au, forming a 400m x 90m anomaly within the targeted induced polarization anomaly; anomaly is open to the north. The geochemistry confirms the use of gradient induced polarization as an exploration tool.

POW A1/3: Of the 56 sample sites, 35% returned >100ppb Au, with a range of <10 to 330ppb Au, forming a 600m long by 150m wide target zone within a larger anomalous zone (+1000m by 200m). Recent sampling expanded the main prospect target area. This main anomaly is open on strike and a second potential zone will require additional sampling follow-up.

DO_New: From the 46 samples sites, 37% returned >100ppb Au, with a range of <10 to 920ppb Au, forming a broad 300m by 80m anomaly taking a curvilinear shape around and over a topographic high. This anomaly is open in all directions.

Drilling is proposed to be initiated in the near future on the POWA1/3 and DO_New prospects with the evaluation of the Dansuom North prospect on hold pending the renewal of the forestry permit. The objectives of the proposed program are to confirm the presence of a mineralizing system creating the anomalous signatures, provide geological information for directing follow-up programs and to provide support for an expanded exploration program.

Dansuom North. The sampling results confirmed the use of auger sampling and gradient induced polarization as exploration tools in this area. Drilling will be the ultimate proof of concept for this exploration methodology. Previous drilling on Dansuom Central returned a best intercept of 11 meters (“m”) of 2.9 grams per tonne (“g/t”) (NR Nov.15, 2011) and a road chip sample of 26m of 1.7 g/t Au (NR Dec. 5, 2012); neither of these mineralized features have been followed-up. Additionally a third target area Dansuom South also occurs within this structural corridor.

The sampling results from POW A1/3 surpassed our expectations of refining the existing prospect. The sampling expanded the main anomalous zone from 300m x 75m to 600m x 150m which coincides with a ridge line with an approximate height of 30m. Additional anomalous samples (240, 205, 160 ppb Au) at the northeastern edge of the auger grid will require follow-up to define another potential prospect. The main anomaly occurs at an intersection of a strong linear magnetic break and an inferred fault. See Figure 1.

The Dompem New (DO_New) prospect sampling forms a strong curvilinear anomaly across a hill top. Rock units inferred/observed include sandstones and conglomerates west of the prospect, medium and coarse grained feldspar and quartz-phyric intrusive units and rare altered and unaltered mafic volcanic units east of the prospect and abundant quartz cobbles and boulders within the main anomaly of the prospect. The anomaly is open in all directions. See Figure 2.

The objectives of sampling Akoko Trend were not attained; narrow, discontinuous anomalous trends resulted from the sampling with 18% of the samples returning >50ppb Au (85 samples, range <10 to 360ppb Au). The best coherent results (50, 80, 205 ppb Au) were from the very southern portion of the sampling immediately on trend of the Akoko deposit forming a 200m x 50m zone; a second zone of interest is defined by eight samples (10 to 315ppb Au) over 600m x 50m. Infill sampling or trenching is required to further evaluate continuity and areas of focus for these potential targets.

Earlier stage prospect K4, on trend between the Asheba and Kanyankaw areas of historic production, did not return any samples forming coherent anomalies. Target evaluation for this prospect will have to be re-evaluated. Only 13% of the samples (29 samples, range <10 to 45ppb Au) returned values about the base anomalous level of 30ppb Au.

Maps, descriptions and additional information about these prospects and our other prospects and anomalies will be made available on our website which is currently being refreshed (www.castlepeakmining.com).

Castle Peak continues to evaluate and prioritize targets immediately adjacent to its current high grade Apankrah Deposit, a discovery by Castle Peak consisting of an inferred resource of 275,000 tonnes @ 8.6 g/t Au for 76,000 ounces*. Partners are currently being sought in order to expand and advance this deposit.

*Mineral resources are reported with an effective date of June 1, 2013 at a cut-off grade of 2 grams per tonne (‘g/t’) gold (‘Au’). Cut-off grades are based on a price of $1,400 USD/oz Au. All figures are rounded to reflect the relative accuracy of the estimate. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Mineral resources have been classified according to CIM Standards on Mineral Resources and Reserves. There are no known environmental, political, legal or other risks that could materially affect the potential development of the mineral resource at this time.

Technical Disclosure

Castle Peak’s technical disclosure in this news release has been reviewed and approved by Darren Lindsay, P.Geo., Castle Peak’s President and CEO, who serves as a Qualified Person under the definition in National Instrument 43-101 (‘NI 43-101’). The exploration activities reported in the release were supervised by Henry Sowah, Castle Peak’s Exploration Manager. Auger soil sampling reported herein was collected as approximately 2kg samples at roughly 4m depth at sites located using handheld GPS. One in ten samples was collected as a field duplicate. Samples were analyzed for gold by fire assay and ICP analytical methodologies at SGS Laboratories in Tarkwa, Ghana. SGS undertook a standard QAQC program of reanalyzing one in ten samples, re-splitting one in twenty samples with the regular addition of blanks to the samples stream. The Akorade Project represents early stage exploration properties and as such there is no guarantee mineral resources will be discovered or defined; however, the properties do include an inferred mineral resource, the Apankrah Deposit with an effective date of June 1, 2013, as described in the “NI 43-101 Technical Report on The Apankrah Project, Western Region, Ghana” dated June 1, 2013, prepared by Simon Meadows Smith (IOM3) a Qualified Person as defined by NI 43-101. A copy of the report is filed under the Company’s profile on SEDAR at www.sedar.com and the Castle Peak website.

About Castle Peak

Castle Peak Mining Ltd. is a Canadian-based junior exploration company focused on advancing greenfields and early stage gold projects. Castle Peak has discovered the high grade Apankrah deposit and believes there is potential for additional discovery of gold resources. The Company holds a strategic land package in the Ashanti belt adjacent to several producing gold mines in Ghana, West Africa. The Ashanti belt is known as one of the most prolific gold belts in the world.

On behalf of the Board of Castle Peak Mining Ltd.:

“Darren Lindsay”
President and Chief Executive Officer

For additional information please visit www.castlepeakmining.com or contact:

Darren Lindsay, President and CEO
Tel: 604 345 1926
Email: darrenl@castlepeakmining.com

FORWARD-LOOKING STATEMENTS

Except for statements of historical fact, this news release contains certain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable securities laws including statements regarding the Offering and the proposed use of proceeds. Such forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to vary materially from the anticipated results or events predicted in these forward-looking statements, including those risk factors identified in the Company’s Annual MD&A filed under the Company’s SEDAR profile. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this release. Except as required by applicable law, Castle Peak disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Figure 1: Prospect POW-A1/3 located on the POW prospecting license.

To view an enhanced version of Figure 1, please visit: http://www.accesswire.com/uploads/22318_a1472501777338_69HIGH.jpg

Figure 2: Prospect DO_New located on the Dompem prospecting license.

To view an enhanced version of Figure 2, please visit: http://www.accesswire.com/uploads/22318_a1472501777666_69HIGH.jpg

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

SOURCE: Castle Peak Mining Ltd.

ReleaseID: 444524

Dominovas Energy Follows Up At University Of Johannesburg

ATLANTA, GA / ACCESSWIRE / August 30, 2016 / Dominovas Energy Corporation (OTCQB: DNRG) today released additional details of its second site visit to the University of Johannesburg as it progresses towards its delivery of the long-awaited RUBICON™ to the continent of Africa.

The delegation was led by Dominovas Energy Chairman and CEO Neal Allen who is personally managing the installation of the RUBICON™. He was joined once more by the University of Johannesburg’s Director, Manufacturing Research Centre, Department of Mechanical Engineering Science Professor Tien Chien Jen, along with the esteemed associate professor of electrical power engineering at the Durban University of Technology (www.dut.ac.za), non-executive member of ESKOM’s Board of Directors (http://www.eskom.co.za/Pages/Landing.aspx), and senior member of IEEE Dr. Pat Naidoo. This leadership team was assisted by members of the Dominovas Energy staff along with key staff members of the University of Johannesburg.

The special purpose of this visit was to take specific measurements for the site on which the RUBICON™ showcase will be installed. The team also inspected the existing infrastructure at the University to ascertain what resources must be delivered to support the showcase and what existing inventory is on hand today to be able to support the installation. The team also took measurements of the proposed location to insure proper spacing for the RUBICON™ and its requisite support infrastructure.

Dominovas Energy Managing Director for Africa Kreneshen Moodley was quoted as saying, “This is a very exciting time for the Company and for me personally to realize the physical, on the ground steps for the ‘showcase’ installation. With boots on the ground, I have a deep appreciation for the amount of logistics in this entire undertaking. It has been quite an exercise, but I am thrilled seeing it take shape.”

The team also utilized the time to further discuss steps in the plans for the development of the Institute for Hydrogen Fuel Cell Technology, which will be a collaborative venture between Dominovas Energy and the University of Johannesburg for the advancement of the study of fuel cell technology in and for the entire sub-Saharan region.

The “Showcase” is a first step in Dominovas Energy’s ultimate goal to deliver its one-of-a-kind multi-Megawatt system to the region, as the engineering effort continues for the presentation of the first system in 2017. Pictures of the second site visit can be found on the Dominovas Energy website.

About Dominovas Energy Corporation (OTCQB: DNRG)

Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an “energy solutions” company. Recognizing that “green” and “alternative energy” markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of “human and community capital.” Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.

For more information, visit www.dominovasenergy.com.

Forward-Looking Statements

This press release, as well as other statements made by Dominovas Energy Corporation (the “Company”), contain forward-looking statements that reflect, when made, the Company’s current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company’s operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company’s strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.

Media and Investor Contact:

QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.net

Investor Questions:

ir@dominovasenergy.com

SOURCE: Dominovas Energy Corporation

ReleaseID: 444523

Pet Insurance U Names Healthy Paws Pet Insurance as the #1 Customer-Rated Pet Insurance Company for 2016

SAN DIEGO, CA / ACCESSWIRE / August 30, 2016 / Each year, Pet Insurance U’s veterinary team conducts an extensive review of every major pet insurance company to compare payouts, accident and illness coverage, coverage limitations and customer satisfaction.

Veterinarians analyzed statistical payout data, aggregated consumer reviews from sources like the Better Business Bureau, Yelp, Consumer Reports and several independent pet insurance review websites.

Each provider was scored on a fifty-point scale to determine best overall value, protection and reliability.

The group of independent veterinarians found Healthy Paws Pet Insurance to be the best
pet insurance plan for 2016
.

Data analysis from consumer research firm Datamonitor shows that one in three pets will suffer an unexpected medical emergency in 2016.

With emergency veterinary treatment costs ranging from $1,000-$20,000, over one million consumers have enrolled in a pet insurance plan to ease this financial burden.

According to USA
Today
, vet bills are rising between 10%-12% each year and more Americans are choosing to put their pets to sleep rather than for expensive treatments

Customers rated Healthy Paws Pet Insurance as the top company in several areas including:

• Highest claim approval rate
• Ranked number one in help and support
• Highest customer retention
• 98 percent customer satisfaction

Healthy Paws Pet Insurance offers many benefits that helped it to achieve the top rating from customers and veterinarians. These include:

• Unlimited lifetime coverage
• All accidents and illnesses covered
• No annual maximums
• Lifetime discounts
• Employee discounts available
• Mobile claim submission

Healthy Paws Pet Insurance coverage gives a pet owner the peace of mind knowing that most problems will be covered. Some of these include:

• Genetic health conditions that many companies exclude from their coverage
• Chronic illnesses
• Late-onset birth defects
• Cancer
• Hospital visits
• Emergencies
• Surgery
• Prescription medicine
• Diagnostic treatment

Healthy Paws Pet Insurance also includes alternative care coverage in their standard plans. Some treatments covered include:

• Chiropractic care
• Acupuncture treatment
• Underwater therapy/Hydrotherapy

Healthy Paws Pet Insurance is one of the few pet insurance companies that have a fully automated claims process online. All one needs to do is to download the app to their smartphone or to visit the claims portal via the internet.

In addition to offering the highest rated pet insurance, Healthy Paws has a non-profit foundation that helps rescue and adoption groups. Every time they receive an insurance quote, they donate service grants and professional help to those groups.

Media
Contact Information

Company
Name: Pet Insurance U
Address: 8745 Production Ave, Suite C, San Diego, CA 92121
Website:
https://www.petinsuranceu.com
Email: Help@petinsuranceu.com

SOURCE: Pet Insurance U

ReleaseID: 444499

New Ebook By Renowned Children’s Author Laura Ceville Launches 31 August 2016

Laura Ceville is launching her brand new book, ‘The Aug-Monster,’ available through Amazon targeted at fans of the children’s book world. More information is available at the website: http://goo.gl/tYyfM2

Beavercreek, United States – August 30, 2016 /PressCable/ —

Renowned children’s author Laura Ceville of Beavercreek, Ohio is launching her brand new book, ‘The Aug-Monster.’ The book is set to go live 31 August 2016, available exclusively on Amazon and is expected to become a big hit with fans of the children’s book world.

More information on the book can be found here: http://goo.gl/tYyfM2

This is the third book Ceville has authored. The book was written with the aim of engaging readers ages 3-5 years old with scenes that parents and children can relate to. There’s also particular excitement about this launch because the book is based on her oldest nephew.

‘The Aug-Monster’ sets its main focus on scenes of everyday life in a household with children. From “tossed and trampled colored blocks” to “sudsy soap trails” from bath time. Ultimately, the true identity of ‘The Aug Monster’ is discovered in this playful and colorful rhyming tale that will delight readers young and old.

This is Ceville’s first partnership with illustrator Clara Spinassi, who created the vibrant and colorful images with a style designed to appeal to younger readers.

The author explains that ‘The Aug-Monster’ is, “a continuation of the comforting charm and wonder of previous work. The goal is to remind children that they are special and loved.”

She adds that, “I have had a passion for writing children’s books since I was a child. I love books that inspire and uplift and touching the life of a child in a positive way with my stories is a tremendous blessing.”

More information on the upcoming release of ‘The Aug-Monster,’ available as a Kindle e-book on Amazon, her previous books and details on the author, Laura Ceville, a United States Air Force veteran also known for her unique and whimsical mixed media artistry, can be found on the website link provided below.

Those interested in learning more about the book can visit here: http://goo.gl/tYyfM2

For more information, please visit http://goo.gl/tYyfM2

Contact Info:
Name: Laura Y. Ceville
Organization: Ceville Designs
Address: 204 N. Barron Street, Eaton OH 45320
Phone: 9374274521

Release ID: 129938

Post Earnings Coverage Guess Same Stores Sale Decline

LONDON, UK / ACCESSWIRE / August 30, 2016 / Active Wall St. announces its post-earnings coverage on Guess’, Inc. (NYSE: GES). The company reported second quarter fiscal 2017 results, on August 24, 2016. The Apparel retailer upgraded its earnings outlook for the year as earnings outperformed consensus estimate but sales declined. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on GES. Get our free coverage by signing up to http://www.activewallst.com/registration-3/?symbol=GES.

Earnings Numbers

For the quarter ended on July 30, 2016, Guess’ reported earnings of $32.27 million, or $0.38 per share, up from $18.29 million, or $0.21 per share, in the year ago quarter. During Q2 FY17, the company recognized a gain from the sale of a minority interest investment of approximately $22.3 million, or $0.24 per share. Excluding the gain, adjusted net earnings were $12.0 million, or $0.14 per share, which topped analysts’ projection of $0.07 per share. Earnings also compared favorably with management’s projected range of a loss of 4 cents to 8 cents.

Revenues declined marginally by 0.2% to $544.96 million as improvement in Europe was offset by deterioration in American retail and wholesale business. On a constant currency basis, revenues inched up 0.5%, in-line with management’s guided range growth of 0.5% to 2.5%; however, revenues came in short of consensus estimate of $554.5 million.

Victor Herrero, Guess’ Chief Executive Officer, commented: “We are pleased to deliver second quarter earnings that exceeded our expectations both in earnings per share and operating margin.”

Guess’ gross margin contracted 220 basis points (bps) to 34.1% from $36.3% in the year earlier period. The company’s operating margin tapered 190 bps to 2.9 from 4.8%, primarily by higher expenses due to retail expansion and the negative impact from currency exchange rate fluctuations, partially offset by lower charges related to legal matters. The negative impact of currency on operating margin for the quarter was roughly 70 basis points.

Segment Results

Guess’ comparable same store sales (comps) declined 2.5%, however, the decline was less than the 4.2% drop analysts had expected. Guess’ has logged same-store sales declines since the start of 2011. During Q2 FY17, the company’s retail stores and ecommerce sites at the Americas Retail segment reported a decline of 3% at $226.55 million with comps in its Americas division including ecommerce dropping 2%. Guess’ revenues from the European segment’s revenues were up 7% on y-o-y basis to $213.47 million with comp store sales growing in the low-double digit. Revenues from Asia decreased 6% to $53.25 as positive comps in Korea, Mainland China, and Japan were offset by weakness in Greater China. American Wholesale segment sales were down 8% to $29.25 million.

Financials

As of July 30, 2016, Guess’ had cash and cash equivalent worth $415.50 million and long-term debt of $23.64 million compared to cash and cash equivalent of $445.80 and long-term debt of $2.32 million as of January 30, 2016.

Dividend

The company’s board approved a quarterly cash dividend of $0.22 per share on its common stock. The dividend will be payable on September 23, 2016, to shareholders on record at the close of business on September 7, 2016.

Outlook

For Q3 FY17, Guess’ is forecasting 5% to 8% growth that would come to approximately $554 million in revenue. Analysts have estimated $568.8 million in Q3 FY17 sales. The company is anticipating for adjusted earnings of $0.11 per share to $0.16 per share in Q3 FY17. For the year ending in January 2017, Guess’ is projecting adjusted earnings of $0.62 per share to $0.75 per share compared to earlier guidance of $0.55 per share to $0.75 per share and above the $0.60 per share analysts have estimated. The company said revenue would rise between 3% and 5%, or between 2.5% and 4.5% on a currency-adjusted basis, translating to about $2.29 billion and roughly in-line with analysts’ average estimate.

Stock Performance

At the closing bell, on August 29, 2016, Guess’ shares traded down 0.22%, finishing the trading session at $17.89. A total volume of 1.45 million shares were traded for the day, which was above the 3 months average volume of 1.14 million shares. For the last one month and the previous three months, the company’s share price have advanced 21.54% and 15.08%. Guess’ shares are trading at a PE ratio of 28.62. The stock has a dividend yield of 5.03%.

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SOURCE: Active Wall Street

ReleaseID: 444508

Blog Coverage Fitness Enthusiasts can Rejoice as Fitbit Launches Charge 2 and Flex 2 Wristbands

LONDON, UK / ACCESSWIRE / August 30, 2016 / Active Wall St. blog coverage looks at the headline from Fitbit Inc. (NYSE: FIT) as the company launched the second generation of its wearable fitness trackers Fitbit Charge 2 and Fitbit Flex 2 on August 29, 2016. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

Today, AWS is promoting its blog coverage on FIT; touching on stocks like Amazon.com Inc. (NASDAQ: AMZN) and Target Corp. (NYSE: TGT). Get all of our free blog coverage and more by clicking on the link below:

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San Francisco, California based Fitbit is known for its activity trackers, wearable technology devices that measure personal metrics like steps taken, heart rate, quality of sleep etc. Fitbit was listed in New York Stock Exchange in May 2015 and has become a dominant player in the wearable technology market.

The highlights of the products

Both Fitbit Charge 2 and Fitbit Flex 2 are an upgrade of their existing products Fitbit Charge HR and Fitbit Flex. The trackers work using the GPS system of the smartphones of the users. Fitbit Charge 2 has a touch screen display that has 4 times larger screen size than its predecessor Fitbit Charge HR and has a changeable wristband. Fitbit Flex 2 is their first waterproof interchangeable wristband and is also 30% smaller than its Fitbit Flex. It can track water based activities up to 150 feet in water. Flex 2 has a removable tracker which can be attached to any of the Fitbit bands, bracelets or pendants.

Both these products boast an updated tracking and software which now offers real time statistics throughout the day. The trackers can record data for all types of activities like walks, runs, bike rides, elliptical, sports, aerobic workouts, and swimming (only Flex 2). Other features include vibrating reminders to keep moving so that the user stays active. The software updates to the new devices include display of notification from third-party apps like Facebook, Gmail, Slack, Snapchat etc.

Boost to the Top-line

The pre-order prices of Fitbit Charge 2 will be $149.95 whereas Fitbit Flex 2 will be $99.95. With the U.S. holiday season around the corner, the upgrade on Fitbit’s bestselling products is expected to boost sales. They will be up for sale on the company’s website as well as other shopping sites like Amazon.com Inc., Best Buy Co, Inc., and Target Corp., among others, from August 30, 2016. Fitbit’s new products will be available globally in September and October 2016.

A few days prior to the launch, on August 23, 2016, Fitbit emerged victorious in a lawsuit with Jawbone one of its competitors, when the judge for the US International Trade Commission ruled in favour of Fitbit. Jawbone had accused Fitbit of infringing six patents and poaching employees who stole confidential data.

On August 2, 2016 Fitbit had posted its Q2 FY16 results which exceeded expectations. The company had sold 5.7 million devices for the quarter with revenues at $586.53 million. The US market contribution was 76% of the total revenues. Fitbit Alta and Fitbit Blaze were the highest selling products and their share in total sales was 54%.

Stock Performance

At the close of trading session on August 29, 2016, Fitbit’s shares gained 1.84% to close the trading session at $14.94. A total volume of 8.7 million shares changed hands during the course of trading session. The company’s share price has gained 9.37% in the past month and 20.39% in the last six months.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

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SOURCE: Active Wall Street

ReleaseID: 444517

Blog Coverage Walgreens Boots Alliance Partners with Prime Therapeutics for a Bigger Slice of the Prescription Drug Market

LONDON, UK / ACCESSWIRE / August 30, 2016 / Active Wall St. blog coverage looks at the headline from Walgreens Boots Alliance, Inc. (NASDAQ: WBA) announced a strategic partnership with pharmacy benefit manager (PBM) Prime Therapeutics on August 29, 2016 to form a new retail pharmacy network that combines mail order and speciality pharma business. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

Today, AWS is promoting its blog coverage on WBA; touching on stocks like Express Scripts Holding Co. (NASDAQ: ESRX), UnitedHealth Group Inc. (NYSE: UNHG), and Rite Aid Corp. (NYSE: RAD). Get all of our free blog coverage and more by clicking on the link below:

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Walgreens Boots Alliance is the largest retail pharmacy, health and wellbeing enterprise in the US and Europe. It was created through the combination of Walgreens and Alliance Boots in December 2014. Prime Therapeutics LLC (Prime) is collectively owned by 14 Blue Cross and Blue Shield Plans, subsidiaries of those plans and serves over 22 million people.

Terms of the deal

Walgreens Boots Alliance and Prime will combine their speciality and mail-order businesses to form a new retail network of pharmacies. The combined entity will be jointly owned by Walgreens Boots Alliance and Prime, and will have a separate management team and Board of Directors. The team members will be chosen jointly by Walgreens Boots Alliance and Prime and their respective names will be announced at a later date. The deal also confirms better sharing of data between the two entities for cost-control and management of patient’s health. The duration of the deal is estimated to be around 10 years which is contrary to industry alliances that are usually for a much shorter duration. The combined company will be consolidated by Walgreens Boots Alliance, Inc., the parent company of Walgreens, in its financial statements. The financial terms of the deal were not disclosed, however, it is expected to close in the first half of 2017.

Alex Gourlay, Co-Chief Operating Officer of Walgreens Boots Alliance said:

“Walgreens has a long history of working with our business partners to create new solutions to help improve access and patient care and we look forward to providing a differentiated and patient-led pharmacy experience to more Prime members.”

Jim DuCharme, CEO and President of Prime said:

“With costs rising at unsustainable rates, we must take strong and decisive action to make health care more affordable. We’re trying to apply the brakes to this run-away freight train of rising drug costs by aligning the cost control expertise of the trusted Blue + Prime model with Walgreens supply chain capabilities and sending a message that we are on board with finding a solution to this issue.”

Aggressive growth plans

Walgreens Boots Alliance has already tied up with PBMs Express Scripts Holding Co. and in March 2016, the company also announced a partnership with UnitedHealth Group Inc.’s PBM – OptumRx. Walgreens Boots Alliance is also in advanced talks for acquisition with drug store chain Rite Aid Corp., through which it would get access to Rite’s PBM EnvisionRx. The deal is expected to close within this year.

Benefits of the deal

The new business aligns pharmacy, PBM, and health plans to coordinate patient care, improve health care outcomes for patients. Walgreens Boots Alliance will become the preferred national pharmacy network for Prime from January 1, 2017. Through its access to millions of customers, Walgreens Boots Alliance will be in a better position to bargain with drug manufacturers and insurance companies when purchasing drugs, thereby reducing costs. Under the arrangement, clients of Prime can access Walgreens Boots Alliance’s pharmacy network and get their prescriptions filled up at a cheaper price.

Market reaction

Shares of Walgreens Boots Alliance were up 1.21% finishing the trading session at $80.35 on August 29, 2016. A total volume of 3.45 million shares were traded during the market session. The company’s stock price has advanced 1.85% in the past one month and 4.28% in the last three months.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

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For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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SOURCE: Active Wall Street

ReleaseID: 444516

Post Earnings Coverage as Medtronic Earnings Surge 13 Percent on Lower Tax Bill

LONDON, UK / ACCESSWIRE / August 30, 2016 / Active Wall St. announces its post-earnings coverage on Medtronic PLC (NYSE: MDT). The company reported its first quarter fiscal 2016 results on August 25, 2016. The world’s largest standalone medical device maker reported better-than-expected quarterly earnings, despite a drop in sales. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on MDT; touching on stocks like Abbott Laboratories (NYSE: ABT) and St. Jude Medical Inc. (NHYSE: STJ). Get our free coverage by signing up to:

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Earnings Numbers

For the quarter ended on July 29, 2016, Medtronic reported earnings of $929 million, or $0.66 per share, higher by 13% as compared to earnings of $820 million, or $0.57 per share in the prior year’s quarter. Adjustments in the quarter primarily included certain litigation as well as restructuring charges, intangible asset amortization, acquisition-related items and certain tax adjustments. Excluding items, the company earned $1.03 a share compared to $1.02 a year ago. Analysts expected earnings of $1.01 a share. Medtronic’s bottom-line was helped by a lower income-tax provision and effective tax rate in the quarter, while its net interest expense dropped 6.2%.

Revenue declined 1.5% to $7.17 billion, in-line with analysts’ expectation. The company blamed the decline on an extra week included in the prior-year period and the impact of foreign currency fluctuation which took $7 million out of the quarterly revenue. The company noted that revenue improved 5%, excluding the extra week and currency effects.

During Q1 FY17, total costs of products sold declined approximately 8%, while provision for income taxes more than halved to $59 million from $120 million in the year ago period.

“Q1 was another strong quarter for Medtronic, where our diversified businesses and geographies delivered solid results,” said Omar Ishrak, Medtronic’s chairman and chief executive officer.

Segment Results

During Q1 FY17, revenue from Medtronic’s cardiac and vascular unit, which sells defibrillators, pace-makers, heart valves and stents, dropped 2.1% to $2.52 billion; however revenue increased by mid-single digits on an adjusted basis. The division accounted for about 35% of total sales in the reported quarter. The company’s minimally-invasive therapies group, formerly the Covidien Group, which includes patient monitoring and surgical devices, declined 1% to $2.42 billion or a mid-single digit increase on an adjusted basis.

Medtronic’s restorative therapies unit, which consists of the Spine, Neuromodulation, Surgical Technologies and Neurovascular segments, saw a revenue drop of 2% to $1.77 billion. The diabetes care unit, which comprise of the Diabetes Group, including the Intensive Insulin Management, Non-Intensive Diabetes Therapies and Diabetes Services & Solutions divisions, saw revenue grow by 2% to $452 million.

Heartware Acquisition

Medical equipment manufacturers are operating in a hyper competitive market, facing tough negotiation from hospitals that have grown in size and driving a hard bargain on the price. In order to counter the margin pressures and increase their negotiating leverage and pricing power, these manufacturers are trying to strengthen their offering through acquisition.

On April 28, 2016, Abbott Laboratories announced a deal to acquire St. Jude Medical Inc. in a $25 billion tie up. On June 27, 2016, Medtronic revealed that it would purchase HeartWare International Inc. for $1.1 billion. The company closed the deal with HeartWare on August 23, 2016, with each outstanding share of HeartWare converted into the right to receive $58 in cash. Medtronic intends to offset any dilutive impact of the deal for two years, until the deal turns profitable in the third year.

Guidance

Medtronic reaffirmed its forecast for FY 2017 adjusted earnings in the range of $4.60 per share to $4.70 per share. For Q2 FY17, the company revenue is projected to grow 5% to 6%, and earnings per share are expected to finish in the lower half of a range of 12% to 16% growth.

Stock Performance

Medtronic’s shares finished the trading session on August 29, 2016, at $87.46, up by 0.99%. A total of 3.71 million of the company’s share were exchanged during the trading session. The company’s stock price has gained 9.21% in the past 3 months and 14.85% since the beginning of the year. The stock is trading at a PE ratio of 35.21.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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ReleaseID: 444515

Post Earnings Coverage as Williams-Sonoma Net Revenues Improves 2.8%

LONDON, UK / ACCESSWIRE / August 30, 2016 / Active Wall St. announces its post-earnings coverage on Williams-Sonoma Inc. (NYSE: WSM). The company released second-quarter fiscal 2016 (Q2 FY16) results on August 24, 2016. The home furnishing stores earnings was in-line with expectations; however revenue disappointed the Wall Street. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on WSM. Get our free coverage by signing up to http://www.activewallst.com/registration-3/?symbol=WSM.

Earnings Numbers

During the reported quarter, Williams-Sonoma reported revenue of $1.16 billion, up 2.8% y-o-y basis from the year ago quarter, primarily driven by higher comparable brand revenues. However, it missed analysts’ consensus estimate of $1.17 billion. The company’s Q2 FY16 diluted earnings per share came in flat at $0.58, but was in-line with the company’s expected range of $0.54 to $0.60 cents per share.

The San Francisco, California based company reported operating margin of 7.2% for the quarter ended July 31, 2016 compared to 7.4%, in the year ago quarter. Meanwhile, the company’s gross margin fell to 35.4% in Q2 FY16 from 36.1% in Q2 FY15. For the reported period, Williams-Sonoma’s SG&A expenses stood at $327.26 million, or 28.2% of net revenues, compared to $323.28 million, or 28.7% of net revenues, in Q2 FY15.

“Our second quarter results reflect the strength of our portfolio of brands, our balanced multi-channel model, our successful growth initiatives and a relentless focus on operational improvements,” commented Laura Alber, Williams-Sonoma’s President and Chief Executive Officer, “We saw substantial improvements across all of our supply chain and inventory initiatives which helped elevate our customer service levels, reduce costs and drive down merchandise inventories.”

Segment-wise

The company’s ecommerce net revenues grew 5.2% in Q2 FY16 to $599.68 million from $569.91 million in the comparable year ago quarter. Furthermore, the ecommerce segment contributed 51.7% to the company’s total net revenues in Q2 FY16 versus 50.6% in Q2 FY15.

For the reported quarter, Williams-Sonoma’s retail net revenues improved marginally by 0.4% on y-o-y basis to $559.35 million from $557.12 million in the prior year period. Additionally, its contribution to the total revenue decreased to 48.3% in Q2 FY16 from 49.4% in Q2 FY15.

Balance Sheet and Cash Flow

As of July 31, 2016, Williams-Sonoma’s merchandise inventories stood at $962.94 million, down 6.6% on y-o-y basis from $1.03 billion as on August 2, 2015. Furthermore, the company had cash and cash equivalents worth $111.12 million at the end of Q2 FY16 compared to $119.78 million as at the end of Q2 FY15.

Stock Repurchases

During Q2 FY16, the company bought back 665,517 shares of common stock at an average cost of $53.38 per share for a total cost of $36 million approximately. Additionally, the company has $486 million approximately remaining under its current stock repurchase program as of July 31, 2016.

Earnings Guidance

For the upcoming third quarter of fiscal 2016 (Q3 FY16), the company expects total net revenues to be in the range of $1.24 billion to $1.29 billion with a growth of 0% to 4% in comparable brand revenue. The company’s management also anticipates diluted EPS to be in the range of $0.75 to $0.80 for Q3 FY16.

In its guidance for full year FY16, the Pottery Barn owner forecasts total net revenues to be in the range of $5.08 billion to $5.23 billion with a growth of 1% to 4% in comparable brand revenue. The company also expects non-GAAP operating margin in the range of 9.4% to 9.8% and non-GAAP diluted EPS to be in the range of $3.35 to $3.55 for full year FY16.

Stock Performance

On August 29, 2016, Williams-Sonoma’s shares gained 1.02% to end the session at $53.27. A total volume of 2.01 million shares changed hands during the day, which was higher than the 3 months average volume of 1.92 million shares. The company’s share price has gained 1.13% in the past three months. However, in the last six months, the stock has lost 0.37%. The stock is trading at a PE ratio of 15.95.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 444513