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Computer & Electronics Retailers

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Ceconomy Creates New Entity In Greece, Sees Positive EBIT Effect

Tuesday, 2 Jul 2019

July 2 (Reuters) - Ceconomy AG ::FOUNDATION OF A NEW ENTITY IN GREECE TOGETHER WITH INVESTMENT COMPANY OLYMPIA GROUP; MEDIAMARKTSATURN TO HOLD 25%, OLYMPIA GROUP TO TAKE OVER 75% OF THE NEW ENTITY.BOTH ORGANIZATIONS ARE CONTRIBUTING THE OPERATING COMPANIES MEDIAMARKT GREECE AND THE CONSUMER ELECTRONICS AND ENTERTAINMENT RETAILER PUBLIC IN GREECE AND CYPRUS TO THE NEW COMPANY.THE STORES OF THE TWO COMPANIES WILL CONTINUE TO OPERATE UNDER THEIR RESPECTIVE BRAND NAMES.CECONOMY SAYS TRANSACTION IS EXPECTED TO LEAD TO A POSITIVE EBIT EFFECT BETWEEN EUR 20 MILLION AND EUR 35 MILLION IN 2019/20.

GameStop Reports Third Quarter Fiscal 2018 Results

Thursday, 29 Nov 2018

Nov 29 (Reuters) - GameStop Corp ::GAMESTOP REPORTS THIRD QUARTER FISCAL 2018 RESULTS AND UPDATES FISCAL 2018 GUIDANCE.Q3 ADJUSTED EARNINGS PER SHARE $0.67.Q3 GAAP LOSS PER SHARE $4.78.Q3 EARNINGS PER SHARE ESTIMATE $0.57 -- REFINITIV IBES DATA.CONFIRMED THAT IT CONTINUES TO ENGAGE WITH THIRD PARTIES REGARDING A POSSIBLE TRANSACTION.QTRLY TOTAL GLOBAL SALES INCREASED 4.8% (INCREASED 6.3% IN CONSTANT CURRENCY) TO $2.1 BILLION.QTRLY CONSOLIDATED COMPARABLE STORE SALES INCREASE OF 2.1%.UPDATING ITS PREVIOUSLY ISSUED ANNUAL GUIDANCE FOR FISCAL 2018 BASED ON CURRENT SALES AND MARGINS TRENDS.GAMESTOP - ONGOING REVIEW PROCESS INCLUDES A THOROUGH EVALUATION OF A "FULL RANGE OF ALTERNATIVES ".SEES 2018 ADJUSTED (NON-GAAP) EARNINGS PER SHARE $2.55 TO $2.75.SEES 2018 TOTAL SALES DOWN 2.0% TO DOWN 6.0%.SEES 2018 CAPITAL EXPENDITURES $100.0 MILLION TO $110.0 MILLION.SEES 2018 COMPARABLE STORE SALES (EXCLUDES TECH BRANDS STORES) FLAT TO DOWN 5%.Q3 REVENUE VIEW $2.03 BILLION -- REFINITIV IBES DATA.

Conn's Inc provides business update post Hurricane Harvey and third quarter guidance

Monday, 23 Oct 2017

Oct 24 (Reuters) - Conn's Inc :Conn's Inc provides business update post Hurricane Harvey and third quarter guidance.Conn's Inc - ‍same store sales during Aug, Sept affected by approximately 100 lost selling days and reduced traffic associated with Hurricane Harvey​.Conn's Inc - ‍finance charges and other revenues for Q3 of fiscal year 2018 are expected to be between $80 million and $83 million​.Conn's Inc - ‍company expects same store sales for Q3 of fiscal year 2018 to be down 5.0 pct to 9.0 pct​.Conn's Inc - ‍for Q3 of fiscal year 2018 company anticipates retail gross margin to be between 39.0 pct and 39.5 pct​.Conn's Inc - ‍SG&A expenses for Q3 of fiscal year 2018 will include approximately $1.5 million of one-time hurricane related costs​.Conn's Inc - ‍provision for bad debts for Q3 of fiscal year 2018 is expected to be between $56.0 million and $61.0 million​.

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