HSN, Inc. Names Jeffrey C. Kuster as President, Cornerstone Brands and an Executive Officer
Dec 1 14
HSN, Inc. announced that Jeffrey C. Kuster joined the company as president, Cornerstone Brands and an executive officer of the company. Mr. Kuster will report directly to the company CEO Mindy Grossman. Mr. Kuster has held various senior leadership positions with Fruit of the Loom including President, Vanity Fair Brands Europe from April 2007 to September 2011, Chief Executive Officer EMEA and India from October 2011 to December 2012, and Executive Vice President, Chief Marketing and Strategy Officer from January 2013 to April 2014. From January 2001 through March 2007, Mr. Kuster held positions of increasing responsibility with VF Corporation.
HSN, Inc. Presents at 2014 San Francisco Retail & Restaurants Round-Up, Dec-02-2014
Nov 19 14
HSN, Inc. Presents at 2014 San Francisco Retail & Restaurants Round-Up, Dec-02-2014 . Venue: Wells Fargo Securities SF, San Francisco, California, United States. Speakers: Felise Glantz Kissell, Senior Vice President of Investor Relations and Strategy, Michael J. Attinella, Chief Accounting Officer and Chief Financial Officer of HSN.
HSN, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Effective Tax Rate Guidance for the Year 2014
Nov 4 14
HSN, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $837,477,000 against $798,890,000 a year ago. Operating income was $65,968,000 against $61,085,000 a year ago. Income before income taxes was $64,135,000 against $59,460,000 a year ago. Net income was $39,531,000 or $0.74 per diluted share against $42,052,000 or $0.77 per diluted share a year ago. Adjusted EBITDA was $80,985,000 against $74,562,000 a year ago. Adjusted net income was $39.5 million or $0.74 per diluted share against $38.3 million or $0.70 per diluted share a year ago.
For the nine months period, the company reported net sales of $2,470,101,000 against $2,384,147,000 a year ago. Operating income was $175,203,000 against $184,902,000 a year ago. Income before income taxes was $169,860,000 against $179,974,000 a year ago. Net income was $104,653,000 or $1.95 per diluted share against $116,876,000 or $2.12 per diluted share a year ago. Net cash provided by operating activities attributable to continuing operations was $28,208,000 against $95,149,000 a year ago. Capital expenditures were $24,975,000 against $34,088,000 a year ago. Adjusted EBITDA was $222,835,000 against $226,555,000 a year ago.
The full year effective tax rate for 2014 is estimated to be approximately 38%.
HSN, Inc. Approves Quarterly Cash Dividend, Payable December 17, 2014
Nov 4 14
The board of directors of HSN, Inc. approved a quarterly cash dividend of $0.35 per share payable December 17, 2014 to shareholders of record as of December 3, 2014. This dividend represents a 40% increase in the prior dividend of $0.25 per share.