RetailMeNot Looks Like A Great Deal
RetailMeNot: From Early Investors For Investors
Darspal S Mann
Darspal S Mann
Tue, Nov. 1, 3:45 PM
- RetailMeNot (NASDAQ:SALE) has settled into a gain of 3.6% this afternoon after a mixed earnings report where it beat profit expectations but offered light guidance for revenues.
- Income dropped slightly (GAAP net income of $0.1M vs. previous $0.3M, and non-GAAP net income of $4.8M vs. previous $6.3M), as did EBITDA, which fell to $9.8M on an adjusted basis from $11.8M. That represented EBITDA margins of 15%.
- Revenue by segment: Core, $50.46M; Gift Cards, $14.2M.
- It guided to Q4 net revenues of $90M-$98M (light of an expected $99.2M) and EBITDA of $25M-$30M (vs. consensus for $27.8M). For the full year, it forecasts revenues of $273.6M-$281.5M (below consensus for $282.7M) and EBITDA of $56.6M-$61.6M (vs. consensus for $58.7M).
- Press Release
Tue, Nov. 1, 6:02 AM
Mon, Oct. 31, 5:30 PM
- ADPT, AEP, AHH, ALLT, AME, AMRC, ANGI, APLP, ARRY, AUDC, AVA, AYR, BKD, BP, CIE, CMI, CNX, COH, CRCM, DHX, DIN, DISCA, DX, ECL, EGL, EIGI, EMR, ETN, EVHC, FCH, FDP, FIS, FSS, GHM, GK, GLT, GWR, HCP, HRS, HSKA, HW, HZO, ICE, IDXX, INCY, IRM, K, KEM, LXRX, LYB, MCRN, MDC, MLM, MOS, MSM, NI, NSP, OSK, OXY, PBI, PES, PFE, PPL, PRTS, RDC, RDS.A, RDWR, RHP, SAH, SALE, SCAI, SHOO, SHPG, SNE, SPR, SUI, TAP, TRI, WCG, WLB, WNR, WNRL, XYL
Sat, Oct. 15, 11:43 AM
- E-commerce sales during the holiday season are forecast to increase 17.2% this year to $94.71B, which represents a record 10.2% of all retail sales for the period.
- The +17% growth also represents the fastest pace for holiday e-commerce sales since 2011.
- Impressively, Amazon is expected to grow its holiday e-commerce market share above the 25% it took down last year.
- Outside of Amazon, investors can bet on online retail broadly through the Amplify Online Retail ETF (NASDAQ:IBUY). IBUY aims to match the price and yield performance of the EQM Online Retail Index.
- The IBUY is up 8% since launching in April, compared to a 5% drop for the S&P Retail ETF (NYSEARCA:XRT).
- The top ten holdings of the Amplify Online Retail ETF are Etsy (NASDAQ:ETSY), Grubhub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), eBAY (NASDAQ:EBAY), RetailMeNot (NASDAQ:SALE), Copart (NASDAQ:CPRT), 1-800-Flowers.com (NASDAQ:FLWS), Amazon (NASDAQ:AMZN), Stamps.com (NASDAQ:STMP), and NutriSystem (NASDAQ:NTRI).
- This year's e-commerce boom will also be a net positive for shippers FedEx (NYSE:FDX) and UPS (NYSE:UPS), despite the increasing logistical challenges amid a higher mix of large packages. There's also Wal-Mart (NYSE:WMT) to consider after the company made a dramatic commitment to invest more in e-commerce during an investor meeting a few weeks ago.
- Previously: Winners and losers from the retail sales report (Oct. 14)
Mon, Sep. 26, 3:23 PM
- RetailMeNot (NASDAQ:SALE) has tanked today, declining 20.3% on triple normal volume, after Stifel Nicolaus dropped its rating to Sell, from Hold, amid declining traffic.
- The firm has a price target of $9, which was about 20% downside from yesterday's close.
- Desktop and mobile visits are likely declining, says analyst Scott Devitt, and they're reducing revenue estimates and core segment operating income estimates for Q3 as well as this fiscal year and next. "Third-party data suggests [quarter-to-date] traffic has deteriorated from recent trends, versus our prior estimates which reflected an uptick from recent trends. Our new estimates are below consensus, though within guidance" for Q3 and fiscal 2016.
- The company's moving in the right direction operationally, he notes, but "the path back to sustainable growth remains uncertain at this point and shares are discounting the risks from the transition to mobile." He's assuming core revenue growth of 1% in 2017 and "the recent appreciation in shares is overextended given evidence of weaker current traffic trends and limited 2017 growth expectations."
Mon, Sep. 26, 12:48 PM
Mon, Sep. 12, 12:47 PM
Tue, Aug. 2, 10:24 AM
- RetailMeNot (NASDAQ:SALE) has jumped 17% and found its highest level in 2016 after Q2 earnings that beat on top and bottom lines as the company narrowed its losses.
- The company lost $0.01/share on a GAAP basis ($0.5M total), vs. a year-ago loss of $0.03/share. EBITDA of $9.5M fell 10% but beat an expected $6.4M. EBITDA margins were 15%.
- Revenue by segment: Core, $53.5M (up 0.6%); Gift cards, $10.7M (new).
- In its core, in-store and advertising net revenues grew 37% (25% of total), mobile online transaction net revenues rose 18% (11% of total) and desktop online transaction net revenues fell 11% (65% of total).
- Website visits were down 7% in total to 152M (mobile up 1.5% to 67.8M; desktop down 13% to 84.3M).
- For Q3, it's expecting consolidated net revenues of $61.5M-$69.5M (in line) and EBITDA of $5M-9M (vs. expected $8.9M). For the full year, it's forecasting consolidated net revenues of $275M-$294M and EBITDA of $50M-$61M, both in line with expectations.
- Press Release
Tue, Aug. 2, 6:02 AM
Mon, Aug. 1, 5:30 PM
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Tue, May 3, 11:29 AM
- RetailMeNot (NASDAQ:SALE) has slid 7.4% after Q1 earnings where it beat expectations but guided to the light side for Q2
- Net revenues fell off 9.5% as desktop transaction net revenues -- 70% of its total -- dropped 19%, to $38.2M. Mobile revenues were up 7%, however, and in-store plus advertising revenues gained 36%, to $10.5M.
- International markets made up 22% of net revenues. The company broke even on a GAAP basis but non-GAAP net income of $6.3M beat expectations.
- Total website visits fell 10% to 162.2M (desktop visits down 15% to 92.3M; mobile visits down 1% to 69.9M). Mobile unique visitors grew 5% to 19.2M.
- It's guiding to Q2 core revenues of $47M-$52M (vs. $51.3M consensus) and gift card revenues of $11.5M-$12.5M. It sees EBITDA including the GiftCard Zen acquisition of $3M-$7M, lower than an $8.1M expected.
- For the full year, core net revenues are forecast at $228M-$241M (vs. $237.8M consensus), gift card revenue of $43M-$49M and EBITDA (including gift card business) of $50M-$61M vs. $57M consensus.
Tue, May 3, 6:01 AM
- RetailMeNot (NASDAQ:SALE): Q1 EPS of $0.13 beats by $0.02.
- Revenue of $54.65M (-9.5% Y/Y) beats by $0.3M.
Mon, May 2, 5:30 PM
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Thu, Apr. 7, 4:57 PM
- RetailMeNot (SALE -3.4%) has acquired a secondary gift-card marketplace, and updated its 2016 guidance after some preliminary Q1 results.
- The company has acquired GiftCard Zen for $22M plus an $11M deferred payment contingent on performance targets and retaining a key employee. GiftCard Zen, which resells gift cards at a discount to face value, will continue operating out of Phoenix with its management team reporting to RetailMeNot's Lou Agnese.
- For Q1, it expects overall net revenues at $54M-$54.5M, vs. its previous guidance of $49M-$54M and consensus of $52.4M. Net income incorporates an impairment of $832,000 and is expected at -$100,000 to $100,000.
- For the full year, RetailMeNot raised guidance for revenue to $228M-$241M (vs. consensus $233.9M), and for EBITDA to $52M-$63M (vs. consensus $56.1M). At the midpoint of guidance, EBITDA margins would be 24.5%.
- Shares are flat so far in after-hours trading.
- Now read RetailMeNot: Too Cheap To Ignore »
Wed, Feb. 10, 3:47 PM
- RetailMeNot (NASDAQ:SALE) has rebounded today (+9%) a day after soft guidance and a revenue miss sent the stock sliding, -27.6%.
- The earnings drew predictable reactions from analysts who trimmed their targets on share prices. RBC Capital downgraded the company's stock to Underperform, from Sector Perform, and cut its target to $6 from a previous $12.
- Slightly higher targets came from Credit Suisse (cut to $12, from $15) and from Jefferies Group (to $10, from $13). Credit Suisse maintains a Neutral rating on the shares, while Jefferies is sticking with a Buy rating.
- RetailMeNot hit a 52-week low of $5.52 yesterday; shares are down 58.9% over the past year.
- Previously: RetailMeNot -15.7% on revenue miss, soft guidance (Feb. 09 2016)
Tue, Feb. 9, 9:46 AM
- RetailMeNot (NASDAQ:SALE) is 15.7% lower after a Q4 beat where profits still slipped 36% and which featured guidance for 2016 below analyst expectations.
- Of total net revenues that fell 5%: In-store and advertising net revenues were up 57% to $21.7M (26% of total) and mobile online transaction net revenues rose 19% to $9M (11% of total), but the bulk of sales were in desktop online transactions -- 63% of total net revenues, and they declined 21% to $52.4M.
- Total website visits were down 5% to 214.8M, and mobile unique visitors were up 9% to 23.2M.
- The company guided to current-quarter revenue of $49M-$54M (down 15% at midpoint), below an expected $57M. For the full year, RetailMeNot forecasts revenues of $225M-$240M -- down 7% at the midpoint and below a consensus of $247M.
- It's authorized a $50M extension to its $100M stock buyback authorization.