Five Below, Inc. Announces Second Quarter Fiscal 2020 Financial Results

Written by Customer Service on September 2, 2020. Posted in Earnings Releases And Operating Results.

Reopened chain and opened 63 new storesReopened period comparable sales increased approximately 6%PHILADELPHIA, PA, Sept. 02, 2020 (GLOBE NEWSWIRE) — Five Below, Inc. (NASDAQ: FIVE) today announced financial results for the second quarter and for the year to date period ended August 1, 2020.For the second quarter ended August 1, 2020:Due to the COVID-19 pandemic, the Company temporarily closed all of its stores as of March 20, 2020. These stores began to reopen in late April 2020 in compliance with federal, state and local requirements. As of the end of June, the Company had reopened substantially all of its stores to the general public. The results in the second quarter reflect the impact of store closures and reopenings.Net sales increased by 2.1% to $426.1 million from $417.4 million in the second quarter of fiscal 2019.Reopened...

Albertsons Companies to Participate in the Goldman Sachs 27th Annual Global Retailing Conference

Written by Customer Service on September 2, 2020. Posted in Public Companies.

BOISE, Idaho, Sept. 02, 2020 (GLOBE NEWSWIRE) — Albertsons Companies, Inc. (NYSE: ACI) announced today that its President and CEO, Vivek Sankaran, will participate in the Goldman Sachs 27th Annual Global Retailing Conference at 4:10 p.m. ET on September 9, 2020.The presentation will be webcast here or on the Company’s website at https://investor.albertsonscompanies.com/Event-Calendar. A replay of the webcast will be available for approximately two weeks following completion of the presentation.About Albertsons CompaniesLocally great and nationally strong, Albertsons Companies is a leading food and drug retailer in the United States. The Company operates stores across 34 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets,...

Costco Wholesale Corporation Reports August Sales Results

Written by Customer Service on September 2, 2020. Posted in Public Companies.

ISSAQUAH, Wash., Sept. 02, 2020 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $13.56 billion for the retail month of August, the four weeks ended August 30, 2020, an increase of 15.0 percent from $11.79 billion last year.For the 16-week fourth quarter ended August 30, 2020, the Company reported net sales of $52.3 billion, an increase of 12.7 percent compared to net sales of $46.4 billion during the similar period last year.For the 52-week fiscal year ended August 30, 2020, the Company reported net sales of $163.2 billion, an increase of 9.2 percent from the $149.4 billion during the similar period last year.Comparable sales were as follows:Comparable sales excluding the impacts from change in gasoline prices and foreign exchange were as follows:August sales were...

California Water Service Group and Its Subsidiaries Provide Nearly $500,000 in Coronavirus-Related Relief

Written by Customer Service on September 2, 2020. Posted in Public Companies.

SAN JOSE, Calif., Sept. 02, 2020 (GLOBE NEWSWIRE) — California Water Service Group (Group) (NYSE: CWT) and its subsidiaries in California, Hawaii, New Mexico, and Washington today finalized donations of nearly $500,000 to customers impacted by the coronavirus pandemic and community organizations in its service areas.With unemployment and furloughs having risen drastically across its service areas, Group and its subsidiaries have been working to provide meaningful relief to customers who lost their jobs or were otherwise hard hit financially. Through its charitable grant program, the company has forgiven a portion of customers’ past-due water bill balances for those who fell behind during the pandemic. The amount forgiven, which were reflected in customers’ recent bills, totaled more than $402,000.“Our purpose is to enhance the quality...

CubeSmart Launches Mobile App

Written by Customer Service on September 2, 2020. Posted in Public Companies.

MALVERN, Pa., Sept. 02, 2020 (GLOBE NEWSWIRE) — Today, CubeSmart (NYSE: CUBE), the third-largest owner and operator of self-storage properties in the United States, introduces the CubeSmart Mobile App, a simple, convenient option for customers to manage their storage experience. Utilizing the CubeSmart Mobile App, customers have the ability to access their gate code, pay bills, set up AutoPay, check account balances and payment history, manage passwords, and receive push notifications with important information – all from the convenience of their mobile phone.“Our goal is to make our customers’ storage experience as easy as possible, giving them options to interact with us in the way that they prefer,” said Christopher P. Marr, President and Chief Executive Officer of CubeSmart. “This mobile app is our newest way of enhancing the...

Navient President and CEO to present at Barclays 2020 Global Financial Services Conference on Sept. 14

Written by Customer Service on September 2, 2020. Posted in Public Companies.

WILMINGTON, Del., Sept. 02, 2020 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced that President and CEO Jack Remondi will participate in a virtual fireside chat at the Barclays 2020 Global Financial Services Conference on Monday, Sept. 14. Remondi will deliver remarks at 1:15 p.m. ET.A live video webcast, along with any written materials or slides used during the presentation, will be available at Navient.com/investors. A replay will be available approximately two hours following the presentation through Sept. 28.About NavientNavient (Nasdaq: NAVI) is a leading provider of education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. We help our clients...

Palomar Holdings, Inc. Announces Virtual Participation at KBW Insurance Conference

Written by Customer Service on September 2, 2020. Posted in Public Companies.

LA JOLLA, Calif., Sept. 02, 2020 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Mac Armstrong, Chairman and Chief Executive Officer, and Chris Uchida, Chief Financial Officer, will participate in a fireside chat at the KBW Insurance Conference at 3:30 p.m. Eastern Time on Thursday, September 10, 2020.Interested investors and other parties can access a live webcast of the presentation by visiting the Investors section of Palomar’s website at http://ir.palomarspecialty.com/. An online replay will be available on the same website following the presentation.About Palomar Holdings, Inc.Palomar Holdings, Inc. is the ultimate parent and insurance holding company of its operating subsidiaries, Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., Palomar...

Sportsman’s Warehouse Holdings, Inc. Announces Second Quarter and First Half 2020 Financial Results

Written by Customer Service on September 2, 2020. Posted in Earnings Releases And Operating Results.

WEST JORDAN, Utah, Sept. 02, 2020 (GLOBE NEWSWIRE) — Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) today announced financial results for the thirteen and twenty-six weeks ended August 1, 2020.“The second quarter was record-breaking for Sportsman’s Warehouse. I am very proud of the Sportsman’s Warehouse team as they worked to keep our associates and customers safe during this sustained surge in our business,” said Jon Barker, Sportsman’s Warehouse CEO. “Same store sales were up 61% in the second quarter of 2020 as compared to the same period last year, primarily due to market share gains, a significant increase in participants in outdoor activities, and social unrest.”Mr. Barker continued, “We are very pleased with the growth of our ecommerce-driven business,...

Ambarella, Inc. Announces Second Quarter Fiscal Year 2021 Financial Results

Written by Customer Service on September 2, 2020. Posted in Earnings Releases And Operating Results.

SANTA CLARA, Calif., Sept. 02, 2020 (GLOBE NEWSWIRE) — Ambarella, Inc. (Nasdaq: AMBA), an AI vision silicon company, today announced financial results for its second quarter of fiscal year 2021 ended July 31, 2020.Revenue for the second quarter of fiscal 2021 was $50.1 million, down 11.2% from $56.4 million in the same period in fiscal 2020. For the six months ended July 31, 2020, revenue was $104.8 million, up 1.1% from $103.6 million for the six months ended July 31, 2019.Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2021 was 61.8%, compared with 57.5% for the same period in fiscal 2020. For the six months ended July 31, 2020, GAAP gross margin was 60.1%, compared with 58.2% for the six months ended July 31, 2019.GAAP net loss for the second quarter of fiscal 2021 was $14.8...

EverQuote Announces Closing of Crosspointe Insurance Advisors

Written by Customer Service on September 2, 2020. Posted in Mergers And Acquisitions.

CAMBRIDGE, Mass., Sept. 02, 2020 (GLOBE NEWSWIRE) — EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced that it has completed the previously announced acquisition of Crosspointe Insurance & Financial Services, LLC, a leading health insurance agency headquartered in Evansville, Indiana. The transaction closed yesterday and was funded through cash on the balance sheet.For additional details on the transaction, please refer to the press release distributed by EverQuote on August 4, 2020 and Q2 2020 earnings conference call.“We are excited to welcome Josh, Drew and the entire Crosspointe team to EverQuote. They share our passion for driving innovation and our cultural roots in bootstrapping, heart, tenacity, and data-driven optimization,” said Seth Birnbaum, CEO of EverQuote. “With today’s...

Day: September 2, 2020

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