RetailMeNot Looks Like A Great Deal
RetailMeNot: From Early Investors For Investors
Darspal S Mann
Darspal S Mann
If Goldman Sachs Sees 75% Upside For RetailMeNot, I'm A Buyer
R.J. Chopin • 21 Comments
R.J. Chopin • 21 Comments
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.
- Press Release
Tue, May 3, 6:01 AM
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.
Tue, Feb. 9, 6:03 AM
- RetailMeNot (NASDAQ:SALE): Q4 EPS of $0.36 beats by $0.08.
- Revenue of $83.14M (-4.9% Y/Y) beats by $7.37M.
Mon, Feb. 8, 5:30 PM
Mon, Jan. 4, 4:43 PM
- RetailMeNot (SALE -2.3%) has named J. Scott Di Valerio its chief financial officer.
- Di Valerio was previously CEO at retail kiosk firm Outerwall, a firm he joined as CFO in 2010. He had also worked in senior positions for Lenovo Group and Microsoft as well as at Walt Disney and Mindwave Software.
- Lou Agnese, who was serving as RetailMeNot's interim CFO, will stay on as senior VP of administration, and Jonathan Kaplan has been named the company's general counsel.
Nov. 13, 2015, 9:29 AM
- RetailMeNot (NASDAQ:SALE) is 8.3% lower premarket amid news that private-equity firm Austin Ventures is distributing its common stock holdings to partners.
- Affiliates of Austin Ventures held 7.6M shares, or 14.6% of the company. Austin Ventures made a similar move last month, with its holdings of Bazaarvoice.
- Shares are down 30% YTD, primarily due to a tumble on Aug. 4 after Q2 earnings. The firm made up ground after Q3 earnings earlier this month.
- Previously: RetailMeNot +19.7% premarket on earnings beat, boosted guidance (Nov. 03 2015)
Nov. 3, 2015, 12:48 PM
Nov. 3, 2015, 9:26 AM
- RetailMeNot (NASDAQ:SALE) is up 19.7% premarket on Q3 earnings that beat on top and bottom lines and full-year guidance that it raised above analyst expectations.
- Adjusted EBITDA of $11.8M (23% of total net revenues) was down 29% but beat an expected $6.3M.
- Net revenue breakout: Desktop online transactions, $35.8M (down 24%); In-store and advertising, $11.8M (up 91%); mobile online transactions, $4.9M (up 55%).
- Total visits declined 1%, to 159.7M: Desktop visits of 92.5M (down 19%); mobile visits were 67.2M (up 41%) and made up 42% of total. Mobile unique visitors were up 28% to 18.6M.
- It's raising full-year guidance and now sees total revenues of $240M-$242M, higher than an expected $236.5M, and adjusted EBITDA of $66M-$68M (28% margin at midpoint), over an expected $60.2M.
Nov. 3, 2015, 9:14 AM
Nov. 3, 2015, 6:02 AM
- RetailMeNot (NASDAQ:SALE): Q3 EPS of $0.12 beats by $0.08.
- Revenue of $52.41M (-7.2% Y/Y) beats by $3.83M.
Nov. 2, 2015, 5:30 PM
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Oct. 6, 2015, 9:09 AM
- RetailMeNot (NASDAQ:SALE) has named Marissa Tarleton its chief marketing officer for North America.
- A veteran of Dell with marketing oversight for its direct and retail businesses, Tarleton will be supporting the RetailMeNot brand and the growth of its app.
- Prior to Dell, she also had advertising experience with both Ogilvy & Mather and Foote Cone & Belding.
RetailMeNot, Inc. operates as a digital coupon marketplace. It offers websites, mobile applications, email newsletters, alerts and social media presence enable consumers to search for, discover and redeem hundreds of thousands of relevant digital coupons from retailers and brands. The company's... More
Industry: Marketing Services
Country: United States
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