On Thursday, Shares of Vereit Inc (NYSE:VER), subtract -0.52% and closed at $9.60 in the last trading session. The last trading range of the stock ranges between $9.24 and $9.64. – VEREIT, Inc. (VER) (“VEREIT” or the “Company”) declared that it anticipates to issue, jointly with its operating partnership, VEREIT Operating Partnership, L.P., its third quarter 2016 Quarterly Report on Form 10-Q on Wednesday, November 2, 2016. The Company will also host an earnings conference call via audio webcast on that same day at 1 p.m. Eastern Time to discuss the financial results. The call will be conducted by Glenn J. Rufrano, VEREIT’s Chief Executive Officer, and Michael J. Bartolotta, VEREIT’s Chief Financial Officer.
Liberty Interactive Group (NASDAQ:QVCA), dropped -1.80% and closed at $19.69 in the last trading session. The last trading range of the stock ranges between $19.63 and $20.03. The company’s Market capitalization is $14.98 Billion with the total Outstanding Shares of 446.65 million. Liberty Interactive Corporation (“Liberty Interactive”) (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) recently declared the start of the 2016-2017 WeCN program, an exclusive mentorship opportunity that pairs established women business leaders and executives (the Council) with early stage eCommerce, media and technology entrepreneurs (the Class) for a six-month mentorship period.
The 2016-2017 program begins with an Opening Summit in San Francisco, where each Class member is paired with two Council members who will guide her through a targeted, business-enhancing project. The six-month mentorship period culminates in April with a Closing Summit hosted by Liberty Interactive.
WeCN provides exposure to best practices and emerging trends, in addition to networking opportunities with the broader Council through the Summits and an established Alumnae network. The objective of WeCN is to establish business relationships that will increase the likelihood of long-term business success and create a supportive foundation for the next generation of women business leaders and executives.
“Liberty is proud to champion female leaders by supporting WeCN,” said Greg Maffei, Liberty Interactive President and CEO. “Now in its sixth year, WeCN has successfully grown to reach over 100 women, counting prominent established Council members and the leaders of tomorrow represented in each Class.”
The 2016-2017 WeCN Council is comprised of distinguished business leaders, entrepreneurs and shareholders from leading brands and companies. Many have served as mentors since the starting, and we are excited to welcome two new members to this highly talented pool of women. This year’s Council members are:
- Susan Feldman, Co-Founder, One Kings Lane (joined 2011)
- Dayna Grayson, Partner, NEA (joined 2014)
- Divya Gugnani, Co-Founder, Wander Beauty; Founding Partner, Concept to Co. (joined 2012)
- Eurie Kim, Principal, Forerunner Ventures (joined 2014)
- Katrina Lake, Founder & CEO, Stitch Fix (joined 2015)
- Jill Layfield, CEO, Tamara Mellon (joined 2011)
- Dawn Lepore, Former CEO, Drugstore.com (joined 2011)
- Barbara Messing, Chief Marketing Officer, TripAdvisor (joined 2011)
- Maureen Sullivan, President, Rent the Runway (joined 2016)
- Jana Rich, Founder, Rich Talent Group (joined 2013)
- Lori Twomey, Chief Merchant, zulily (joined 2016)
Joining the 2016-2017 WeCN Class are entrepreneurs of early-stage eCommerce, media and technology companies. Class members include:
- Shirley Chen, Founder & CEO, BAM
- Stacey Ferreira, Co-Founder & CEO, Forge
- Kelly Peeler, Founder & CEO, NextGenVest
- Jacqueline Ros, Co-Founder & CEO, Revolar
- Julia Straus, CEO & Dr. Roshini Rajapaksa, Co-Founder, TULA
Bed Bath & Beyond Inc. (NASDAQ:BBBY), gained 0.58% and closed at $45.06 in the last trading session. The last trading range of the stock ranges between $44.32 and $45.22. During the 52-week trading session the minimum price at which share price traded, registered at $41.15 and reached to max level of $61.49. – Bed Bath & Beyond Inc. (BBBY) recently stated financial results for the second quarter of fiscal 2016 ended August 27, 2016.
Second Quarter Results
For the second quarter of fiscal 2016, the Company stated net earnings of $1.11 per diluted share ($167.3 million) contrast with $1.21 per diluted share ($201.7 million) for the second quarter of fiscal 2015. Net sales for the second quarter of fiscal 2016 were about $2.988 billion, a decrease of about 0.2% from net sales of about $2.995 billion stated in the second quarter of fiscal 2015. Comparable sales in the second quarter of fiscal 2016 reduced by about 1.2%, contrast with a boost of about 0.7% in last year’s fiscal second quarter. Comparable sales from customer-facing digital channels grew in excess of 20% while comparable sales from stores declined in the low single-digit percentage range during the second quarter of fiscal 2016.
The Company’s Board of Directors has declared a quarterly dividend of $.125 per share, to be paid on January 17, 2017 to shareholders of record as of the close of business on December 16, 2016.
During the second quarter of fiscal 2016, the Company repurchased about $121 million of its common stock, representing about 2.7 million shares, under its existing $2.5 billion share repurchase program. As of August 27, 2016, the program had a remaining balance of about $2.0 billion, and is expected to be accomplished in the latter half of fiscal 2019 or in fiscal 2020.
Fiscal 2016 Outlook
Bed Bath & Beyond Inc.’s conference call with analysts and shareholders will be held recently at 5:00 pm (ET). During this call, the Company plans to review its fiscal 2016 financial planning assumptions.