M&As, Strong Operational Performances, and Customer-centric Services Deliver Strong Sales and Increase Shareholder Value - Research Report on Conns, Lions Gate, Media General, Gannett, and Cinemark Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 14, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Conns Inc. (NASDAQ: CONN), Lions Gate Entertainment Corp. (NYSE: LGF), Media General Inc. (NYSE: MEG), Gannett Co., Inc. (NYSE: GCI), and Cinemark Holdings Inc. (NYSE: CNK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Conns Inc. Research Report
On June 6, 2013, Conns Inc. (Conns) reported its Q1 FY 2014 results (period ended April 30, 2013). The Company reported net income of $22.2 million, up 91.9% YoY. Its earnings per diluted share increased to $0.61, from $0.35 per share in Q1 FY 2013. Consolidated revenues, increased 25% YoY to $251.1 million. "We are pleased to again report record net income. Over the past six quarters, our operations have delivered year-over-year expansion in both same store sales and retail margins. With the addition of new stores and update of existing stores, furniture and mattress sales growth is accelerating. Furniture and mattress sales were up over 70% from last year and accounted for 26% of our total product sales in the current period," stated Theodore M. Wright, Chairman and Chief Executive Officer of Conns. "May 2013 same store sales rose 18% with same store sales of consumer electronics up 4%." The Company increased adjusted earnings guidance range for full-year FY 2014 to $2.50 to $2.65 per diluted share. The Full Research Report on Conns Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/3a26_CONN]
Lions Gate Entertainment Corp. Research Report
On May 30, 2013, Lions Gate Entertainment Corp. (Lions Gate) reported its full-year FY 2013 financial results (period ended March 31, 2013). The Company reported revenues of $2.7 billion, an increase of 70.6% YoY, reflecting strong performances by the Company throughout its theatrical, home entertainment, international and Lionsgate U.K. operations driven by a successful slate of feature films led by the global blockbuster Hunger Games and Twilight franchises. The Company's adjusted EBITDA was $329.7 million, compared to $71.6 million in FY 2012. Jon Feltheimer, Chief Executive Officer of Lionsgate, commented, "We are performing ahead of plan for all of our metrics, and we're pleased with the financial strength of our diverse portfolio of businesses and our strong and growing momentum building Lionsgate into a next generation global content leader." The Full Research Report on Lions Gate Entertainment Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/dbfb_LGF]
Media General, Inc. Research Report
On June 6, 2013, Media General Inc. (Media General) and Young Broadcasting (Young) announced a definitive agreement to combine the two Companies in an all-stock merger transaction. J. Stewart Bryan III, Chairman of Media General, said, "The business combination of Media General and Young is a transformational event that will benefit shareholders, employees and the communities we serve. The combination provides immediate accretion to free cash flow, a strong balance sheet, the opportunity to refinance debt at a much lower cost and attractive synergies. Young's management and its owners share Media General's commitment to quality local journalism and to operating top-rated TV stations, making this merger a unique and compelling combination with significant growth potential. I have agreed to vote all of my shares to unwind Media General's dual-class stock structure and to approve the transaction. I look forward to benefiting as a continuing long-term shareholder in the new Media General." The new Company will retain the Media General name and will remain headquartered in Richmond, VA. The Full Research Report on Media General, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/1a5f_MEG]
Gannett Co., Inc. Research Report
On May 15, 2013, Gannett Co., Inc. (Gannett) announced that Rhett Long has been named the new publisher of The Spectrum in St. George, Utah. Prior to this, Long served as the Vice President of National Accounts at InnerWorkings. This will be Long's second stint with Gannett, where he previously held several positions, including Vice President of Operations for Gannett Pacific Publications (GPP). "We are very excited that Rhett is back at Gannett as the new publisher of The Spectrum," said Robert Dickey, U.S. Community Publishing President. "As a Utah native and former St. George resident, Rhett knows the area well. His unique and varied background, both inside and outside the industry, will be an immense help to our organization and the community." The Full Research Report on Gannett Co., Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/c25d_GCI]
Cinemark Holdings Inc. Research Report
On June 6, 2013, Cinemark Holdings Inc. (Cinemark) announced that it has signed a lease to construct a new 10-screen, all-digital movie theatre at the River Valley Mall in Lancaster, Ohio. The complex will feature the company's new Cinemark NextGen design concept and offer the latest technology, cutting-edge amenities, and customer-preferred options all under one roof. Tim Warner, Cinemark's Chief Executive Officer, said, "We will be constructing a state-of-the-art facility that will quickly become recognized as the preferred place in the market to enjoy a great movie-going experience. We plan to move very swiftly in order to open the theatre in the summer of 2014, just in time for the busy blockbuster season." The Full Research Report on Cinemark Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/b9c0_CNK]
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