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Pier 1 Imports Inc Q3 Earnings Per Share $0.09

Wednesday, 13 Dec 2017

Dec 13 (Reuters) - Pier 1 Imports Inc ::PIER 1 IMPORTS, INC. REPORTS THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 EARNINGS PER SHARE $0.09.Q3 SALES $469.2 MILLION VERSUS I/B/E/S VIEW $466.7 MILLION.Q3 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.PROVIDES UPDATED FINANCIAL GUIDANCE.ADJUSTED EARNINGS PER SHARE OF $0.22 (NON-GAAP) IN Q3 OF FISCAL 2017.QTRLY COMPARABLE SALES DECREASED 0.7%.INVENTORIES AT END OF Q3 OF FISCAL 2018 DECREASED 12.7% TO $418.9 MILLION, COMPARED TO $479.8 MILLION A YEAR AGO.QTRLY COMPARABLE SALES REFLECT AN ESTIMATED IMPACT OF ABOUT 100 BPS RELATED TO HURRICANES IN TEXAS AND FLORIDA.SEES FY 2018 GAAP EARNINGS PER SHARE $0.10 TO $0.18.SAW IMPROVED SALES IN NOV, HOWEVER, OVERALL TRENDS DROPPED CONSIDERABLY DURING FIRST TWO WEEKS OF DEC.HAVE ADJUSTED PROMOTIONAL PLANS FOR REMAINDER OF HOLIDAY SEASON.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $0.17 TO $0.25.SEES FY 2018 NET SALES GROWTH APPROXIMATELY FLAT.SEES FY 2018 COMPARABLE SALES GROWTH FROM DOWN 1 PERCENT TO FLAT.SEES FULL YEAR 2018 CAPITAL EXPENDITURES APPROXIMATELY $60 MILLION.

Steinhoff Says ‍2016 Consolidated Financial Statements Will Need To Be Restated

Wednesday, 13 Dec 2017

Dec 13 (Reuters) - Steinhoff ::‍RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS​.‍2016 CONSOLIDATED FINANCIAL STATEMENTS WILL NEED TO BE RESTATED AND CAN NO LONGER BE RELIED UPON​.‍ON ADVICE OF INDEPENDENT COMMITTEE OF SUPERVISORY BOARD, TOGETHER WITH THEIR ADVISERS, CO IS TAKING NECESSARY STEPS TO ADDRESS AUDIT ISSUES​.

Trevo Capital says Large Portion Its Portfolio Comprises Of Shares In Steinhoff

Wednesday, 13 Dec 2017

Dec 13 (Reuters) - TREVO CAPITAL LTD - :A LARGE PORTION OF THE COMPANY’S PORTFOLIO COMPRISES OF SHARES IN STEINHOFF INTERNATIONAL HOLDINGS LIMITED.PRIOR TO THE RESIGNATION OF STEINHOFF CEO, SHARES HELD BY CO COMPRISED APPROXIMATELY 54% OF THE TOTAL ASSETS OF THE COMPANY.AS OF CLOSE OF BUSINESS ON DEC 11, STEINHOFF SHARES COMPRISE AN ESTIMATED 15% OF TOTAL ASSETS OF COMPANY AND IS VALUED AT ABOUT $21 MILLION.

Carpetright sees full year profit at bottom end of expectations​

Tuesday, 12 Dec 2017

Dec 12 (Reuters) - Carpetright ::‍GROUP REVENUE INCREASED 2.6% TO £228.1M (H1 FY17: £222.3M)​.‍UNDERLYING PROFIT BEFORE TAX OF £2.1M (H1 FY17: £5.1M)​.‍ENCOURAGING START TO SECOND HALF​.‍LIKE-FOR-LIKE SALES IN UK UP 1.4% IN SIX WEEKS TO 9 DECEMBER 2017​.‍REST OF EUROPE HAS ALSO MADE A POSITIVE START WITH LIKE-FOR-LIKE SALES UP 9.2% IN LOCAL CURRENCY OVER SAME SIX WEEK PERIOD​.‍IN LIGHT OF CONSUMER OUTLOOK WE ARE TAKING A MORE CAUTIOUS VIEW OF SECOND HALF​.‍NOW EXPECT UNDERLYING PROFIT BEFORE TAX FOR FULL YEAR WILL BE TOWARDS BOTTOM END OF CURRENT RANGE OF MARKET EXPECTATIONS​.

Investec Says Has Credit Exposures To The Steinhoff Group Of Companies

Monday, 11 Dec 2017

Dec 11 (Reuters) - Investec Plc ::‍INVESTEC EXPOSURES TO STEINHOFF​.WISHES TO CLARIFY EXPOSURE TO STEINHOFF INTERNATIONAL HOLDINGS NV AND ITS UNITS.HAS CREDIT EXPOSURES TO STEINHOFF GROUP OF COMPANIES, WHICH REPRESENT SMALL PORTION OF GROUP'S BALANCE SHEET.‍INVESTEC IS NOT EXPECTING TO SUFFER ANY LOSSES ON THESE CREDIT EXPOSURES​.‍EXPOSURES ARE LARGELY TO STEINHOFF AFRICA'S SUBSIDIARIES, WITH AN IMMATERIAL EXPOSURE TO STEINHOFF​.‍MAJORITY OF TRANSACTIONS UNDERTAKEN BY INVESTEC BANK LIMITED (SOUTH AFRICA), WITH INVESTEC PLC HAVING INSIGNIFICANT EXPOSURE TO STEINHOFF​.‍EXPOSURES TO STEINHOFF AFRICA LARGELY COMPRISE LENDING EXPOSURES,OVERNIGHT FACILITIES, SECURED BY GUARANTEES FROM SOME STEINHOFF AFRICA, STAR UNITS.‍INVESTEC BANK (SOUTH AFRICA) DOES HAVE CERTAIN DERIVATIVE EXPOSURES LINKED TO STEINHOFF SHARE PRICE, WHERE A TRADING LOSS COULD MATERIALISE​."‍LOSS COULD BE ZERO BUT MAXIMUM POTENTIAL LOSS COULD BE APPROXIMATELY 3% OF INVESTEC GROUP'S POST-TAX OPERATING PROFIT"​.INVESTEC BANK LIMITED (SOUTH AFRICA) HOLDS STEINHOFF CONVERTIBLE BONDS IN IT'S AVAILABLE FOR SALE PORTFOLIO​.‍GROUP'S ASSOCIATE INVESTMENT, IEP GROUP, HAS NO EXPOSURE TO STEINHOFF, MARKUS JOOSTE WHO WAS A DIRECTOR ON THEIR BOARD RESIGNED LAST WEEK​.

Steinhoff Says ‍PWC Commences Investigations​

Monday, 11 Dec 2017

Dec 11 (Reuters) - Steinhoff ::‍BOARD SUBCOMMITTEE COMPOSED OF INDEPENDENT NON-EXECUTIVE DIRECTORS HEADED BY JOHAN VAN ZYL CONSTITUTED. OTHER MEMBERS ARE STEVE BOOYSEN, HEATHER SONN​.‍AUDIT COMMITTEE IS WORKING WITH STATUTORY AUDITORS, DELOITTE TO FACILITATE RELEASE OF AUDITED FINANCIAL STATEMENTS​.‍PWC HAS BEEN APPOINTED AS FORENSIC INVESTIGATORS AND THEY HAVE COMMENCED THEIR INVESTIGATIONS​.‍TRADING IN UNDERLYING BUSINESSES ACROSS GLOBE CONTINUES UNINTERRUPTED PARTICULARLY IN PRE-CHRISTMAS PERIOD​.

At Home Group Prices Secondary Offering Of 5 Mln Shares At $24.5 Per Share

Thursday, 7 Dec 2017

Dec 6 (Reuters) - At Home Group Inc ::AT HOME ANNOUNCES PRICING OF SECONDARY PUBLIC OFFERING OF COMMON STOCK.AT HOME GROUP INC SAYS PRICED SECONDARY OFFERING OF 5 MILLION SHARES AT PUBLIC OFFERING PRICE OF $24.50 PER SHARE.

Steinhoff has expressions of interest in non-core assets worth at least 1 bln eur of liquidity

Wednesday, 6 Dec 2017

Dec 6 (Reuters) - Steinhoff ::SAYS ‍SUPERVISORY BOARD HAS TODAY GIVEN FURTHER CONSIDERATION TO ISSUES SUBJECT TO INVESTIGATION AND TO VALIDITY AND RECOVERABILITY OF CERTAIN NON-SOUTH AFRICAN ASSETS OF COMPANY WHICH AMOUNT TO CIRCA EUR6BN.​.SAYS ‍COMPANY WISHES TO PROVIDE ADDITIONAL COMFORT ON COMPANY'S LIQUIDITY​.SAYS ‍COMPANY HAS TODAY RECEIVED EXPRESSIONS OF INTEREST IN CERTAIN NON-CORE ASSETS THAT WILL RELEASE A MINIMUM OF EUR1BN OF LIQUIDITY​.SAYS ‍SUBSIDIARY STEINHOFF AFRICA RETAIL LIMITED (STAR) WILL TODAY FORMALLY COMMIT TO REFINANCING OF ITS LONG-TERM LIABILITIES DUE TO COMPANY​.SAYS ‍ADDITIONAL LIQUIDITY OF ABOUT EUR2BN EXPECTED TO BE ACHIEVED THROUGH THESE MEASURES WILL STRENGTHEN BALANCE SHEET, SHOULD PROVIDE COMFORT TO STAKEHOLDERS OF COMPANY'S ABILITY TO FUND EXISTING OPERATIONS AND REDUCE DEBT​.SAYS ‍NO EVIDENCE TO SUGGEST THAT CFO HAD ANY INVOLVEMENT IN MATTERS UNDER INVESTIGATION​.SAYS ‍COMPANY WISHES TO CONFIRM THAT CFO REMAINS IN HIS POSITION​.

Steinhoff Postpones Results Release After It Probes Accounting Irregularities, CEO Resigns

Wednesday, 6 Dec 2017

Dec 6 (Reuters) - Steinhoff International Holdings Ltd ::STEINHOFF INTERNATIONAL HOLDINGS LTD - STEINHOFF INTERNATIONAL RESULTS ANNOUNCEMENT CANCELLED.STEINHOFF INTERNATIONAL HOLDINGS N.V. FINANCIAL RESULTS ANNOUNCEMENT AND WEBCAST SCHEDULED FOR TODAY HAS BEEN POSTPONED UNTIL FURTHER NOTICE.

RH Q3 Adjusted Earnings Per Share $1.04

Tuesday, 5 Dec 2017

Dec 5 (Reuters) - RH ::REPORTS THIRD QUARTER FISCAL 2017 FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.04.Q3 GAAP EARNINGS PER SHARE $0.56.Q3 EARNINGS PER SHARE VIEW $1.04 -- THOMSON REUTERS I/B/E/S.SEES Q4 REVENUE $655 MILLION TO $680 MILLION.SAYS EXPECTS ‍FISCAL 2017 NET CAPITAL EXPENDITURES IN RANGE OF $120 MILLION TO $130 MILLION​.SEES ‍FISCAL 2017 ADJUSTED NET INCOME IN RANGE OF $83 MILLION TO $87 MILLION​.SEES ‍Q4 ADJUSTED NET INCOME IN RANGE OF $37 MILLION TO $41 MILLION​.SEES ‍FY 2018 NET REVENUES IN RANGE OF $2.58 BILLION TO $2.62 BILLION, REPRESENTING GROWTH OF 6% TO 7% ON A 52-WEEK VERSUS 53-WEEK BASIS​.SEES ‍FY 2018 ADJUSTED NET INCOME IN RANGE OF $125 MILLION TO $145 MILLION​.- QTRLY ‍NET REVENUES $592.5 MILLION VERSUS $549.3 MILLION.Q3 REVENUE VIEW $592.6 MILLION -- THOMSON REUTERS I/B/E/S.

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