Thread- $DAKT (Daktronics Inc.)

$DAKT {{ '2016-06-01T15:36:16+0000' | timeago}} • Webcast

$DAKT said that for FY17, the company is expecting modest sales growth. The company also plans to allocate additional resources to its design and development areas to complete developments and enhance its designs in its Display and Control Systems.

$CERN {{ '2017-05-25T14:23:40+0000' | timeago}} • Announcement

$CERN approved a stock repurchase program on May 23, 2017, authorizing the repurchase of up to $500MM of its common stock. The repurchase will be funded from working capital.

$SIG {{ '2017-05-25T14:23:15+0000' | timeago}} • Webcast

With regards to the credit portfolio outsourcing, $SIG expects the transaction to add to EPS in the first full year of operations based on repurchases at current share prices. One-time transaction costs are estimated to be $35-45MM, which are expected to be largely realized in FY18.

$ANF {{ '2017-05-25T14:22:56+0000' | timeago}} • Webcast

During 1Q17, $ANF’s comparable sales were down 3% for the US and down 2% in international markets. Comparable sales were up 3% for the Hollister brand and down 10% for the Abercrombie brand. Hollister delivered positive comp sales in both US and international markets. $ANF’s gross margin for 1Q17 was 60.3%.

$SIG {{ '2017-05-25T14:22:44+0000' | timeago}} • Webcast

$SIG expects no material impact from the first phase of the outsourcing of credit portfolio to net sales. The outsourcing structure is expected to reduce SG&A expense by 2-3% on annualized basis. In the first phase, the transaction is expected to create savings. The company expects a minimal decline on its EBIT.

$CORE {{ '2017-05-25T14:21:10+0000' | timeago}} • Announcement

$CORE appointed Jordana Kammerud as SVP and Chief Human Resource Officer, effective immediately. Joe Wegener, its current VP of Human Resources, will retire on June 30, 2017 and in the interim, will work closely with Kammerud in transitioning leadership.

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