Last $4.37 USD
Change Today -0.08 / -1.80%
Volume 89.9K
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

martha stewart living-a (MSO) Key Developments

Martha Stewart Living Omnimedia Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Outlook for the Third Quarter of 2014

Martha Stewart Living Omnimedia Inc. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $37,620,000, operating income of $2,244,000, income before income taxes of $2,111,000, net income of $1,767,000 or $0.03 per basic and diluted share compared to the total revenues of $42,198,000, operating loss of $636,000, loss before income taxes of $804,000, net loss of $1,180,000 or $0.02 per basic and diluted share for the same quarter a year ago. For the year to date, the company reported total revenues of $70,888,000, operating income of $54,000, loss before income taxes of $511,000, net loss of $836,000 or $0.01 per basic and diluted share compared to the total revenues of $79,422,000, operating loss of $3,681,000, loss before income taxes of $3,715,000, net loss of $4,453,000 or $0.07 per basic and diluted share for the same period a year ago. The company provided outlook on the third quarter. While work to grow the business, the company will continue to see the benefit on the cost side from initiatives it has already implemented. Publishing revenue for traditionally softest quarter is expected to be down year-over-year due to lower print advertising revenue, partially offset by an expected increase in digital advertising revenue. Merchandising revenue is expected to be down over the prior year's third quarter consistent with early remarks about the modified agreement with J.C. Penney and fewer product categories with The Home Depot. In broadcasting, the company continues to anticipate nonmaterial revenues and an operating income level in line with last year's third quarter.

Martha Stewart Living Omnimedia Inc. to Report Q2, 2014 Results on Jul 29, 2014

Martha Stewart Living Omnimedia Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 29, 2014

Martha Stewart Living Omnimedia Inc., Q2 2014 Earnings Call, Jul 29, 2014

Martha Stewart Living Omnimedia Inc., Q2 2014 Earnings Call, Jul 29, 2014

New York Court Announces Penney-Martha Stewart Deal Violated Contract with Macy's

A New York Court Judge ruled as improper and unethical, a 2011 merchandise deal between J.C. Penney and Martha Stewart Living Omnimedia Inc. (MSO) that violated an earlier deal with Macy's (M). The issue erupted after Martha Stewart, in late 2011, agreed to make bedding and other products for Penney, which was then headed by Ron Johnson. But in a 2006 deal, Macy's had signed with Martha Stewart for the exclusive sale of the products in question. Judge said that Penney's efforts to secure a deal with Martha Stewart were unethical. The Judge however exempted Penney from punitive action over the matter. Judge said that while Macy's is entitled to monetary damages and attorneys' fees, it failed to prove its eligibility for punitive damages. Any claims for lost profit will be referred to a special referee, Oing added. Penney in December 2011 acquired a 17% stake in Martha Stewart Living for $38.5 million as part of Johnson's efforts to turnaround Penney, which envisaged new mini-stores housing brands including that of Martha Stewart's. Macy's sued Martha Stewart Living, citing that the 2006 deal gave it exclusive right to sell Stewart-branded goods in categories including bedding, kitchen textiles, among others. Macy's also sued Penney in August 2012. Penney said in October it was rolling back the deal with Martha Stewart Living and prematurely end the partnership in 2017.

Martha Stewart Living Omnimedia Inc. - Shareholder/Analyst Call

Martha Stewart Living Omnimedia Inc. - Shareholder/Analyst Call

 

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Price/Sales 1.7x
Price/Book 3.5x
Price/Cash Flow 48.1x
TEV/Sales 1.3x
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