NEW YORK, January 12, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including First Cash (NASDAQ: FCFS), Five Below (NASDAQ: FIVE), Forrester (NASDAQ: FORR) Francesca's (NASDAQ: FRAN), and Fred's (NASDAQ: FRED). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
FCFS Research Report: ( http://get.analystsreview.com/pdf/?c=First%20Cash&d=12-Jan-2015&s=FCFS ),
FIVE Research Report: ( http://get.analystsreview.com/pdf/?c=Five%20Below&d=12-Jan-2015&s=FIVE ),
FORR Research Report: ( http://get.analystsreview.com/pdf/?c=Forrester&d=12-Jan-2015&s=FORR ),
FRANResearch Report: ( http://get.analystsreview.com/pdf/?c=Francesca%27s&d=12-Jan-2015&s=FRAN ),
FREDResearch Report: ( http://get.analystsreview.com/pdf/?c=Fred%27s&d=12-Jan-2015&s=FRED ).
Analyst Update: Acquisitions, Financial Results, Appointments, Technology Predictions, and Monthly Sales Numbers
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks declined on Friday after two consecutive days of advance as concerns over the growth of the world's largest economy revived after disappointing job data for the month of December. According to a Reuters report, U.S. nonfarm payrolls rose in December, beating the market expectations, but wages unexpectedly fell. All the three major U.S. benchmark indices ended the session in red, with S&P 500 index closing at 2,044.81, down 0.84%. The Dow Jones Industrial Average finished 0.95% lower at 17,737.37, and the Nasdaq Composite was down 0.68% at 4,704.07. Investors also turned cautious ahead of the Q4 2014 corporate earnings season. Meanwhile, the European shares closed lower on Friday amid uncertainty ahead of the release of the U.S. nonfarm payroll data and after latest data showed that German exports and industrial output declined in November. Asian markets were mostly higher on Friday, tracking two-day rally in the U.S. and European markets.
First Cash Financial Services Inc. (First Cash) acquired a chain of 15 large format pawn stores located in Southeastern U.S., boosting its presence in states like Kentucky, Missouri Tennessee and South Carolina. Post the acquisition, the Company operates over a thousand stores in 13 U.S. states and 29 states in Mexico.
Five Below Inc. (Five Below) reported net sales increase of 24.6% YoY for Q3 FY 2014 and GAAP diluted EPS of six cents compared to three cents in the prior year quarter. The Company also appointed Joel Anderson - President and COO of Five Below, as the CEO and a member of the Company's Board of Directors, effective February 1, 2015.
Forrester Research, Inc. (Forrester) predicted that mobile customer experience will fuel digital transformation in Asia Pacific in 2015. In a November 11, 2014 press release, Forrester outlined its top 10 technology predictions for Asia Pacific in 2015, the foremost of which is Digital Transformation, likely to drive technology spending growth of 4.9%.
Francesca's Holdings Corp's (Francesca's) Q3 FY 2014 sales rose 9.4% YoY to $87.1 million, primarily due to 92 new boutiques opened since the end of the third quarter last year; comparable sales decreased 6%. The Company also named Michael W. Barnes as the new Chairman, President, and CEO with immediate effect, succeeding Neill Davis.
Fred's Inc (Fred's), the operator of discount retail stores, announced November 2014 and YTD sales growth of 2.1% YoY and 1.6% YoY, respectively. A week before, the Company also announced Q3 FY 2014 adjusted net loss of $6.2 million or $0.16 per share, as the Company aggressively cleared inventory, cut receipts of overstocked high-margin product, brought prices in line with competitors.
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