Catalina Marketing Corp. reports record sales and profits.ST. PETERSBURG Petersburg, city (1990 pop. 38,386), politically independent and in no county, SE Va., on the Appomattox River; inc. 1850. A port of entry and an important tobacco market, it has industries producing chemicals, pharmaceuticals, furniture, structural steel, lumber, , Fla.--(BUSINESS WIRE)--Jan. 22, 1996--Catalina Marketing Corp. (NYSE NYSE See: New York Stock Exchange :POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) Monday Monday: see week. announced net income for the third fiscal quarter ended Dec. 31, 1995, of $6.0 million or 60 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , up 25.0 percent from $4.8 million or 47 cents per share in the same period a year ago. Revenues for the quarter were $36.5 million, up 20.7 percent from $30.3 million. "The continued growth of our core program, Checkout Coupon, improved results from our international subsidiaries, and staged expansion in both our electronic coupon clearing and Health Resource Publishing business units made this a strong quarter," said George Off, president and chief executive officer of Catalina Marketing. "Although the quarter was slightly better than expected, we continue to anticipate revenue growth of approximately 15 to 20 percent for the second half of fiscal 1996. "In addition, we are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op regarding fiscal 1997. Our advance Checkout Coupon contract commitments for calendar 1996 are up 30.3 percent over commitments from the same time last year. This level of contract commitments supports our view that fiscal 1997 will meet our stated goal of 20 to 30 percent annual revenue growth. Further, international store installations are accelerating and both Catalina Electronic Clearing Services and Health Resource Publishing Company continue to gain industry acceptance," continued Off. For the first nine months of fiscal 1996, the company's revenues increased 19.0 percent to $98.1 million, up from $82.5 million in the same period a year ago. Net income was $16.4 million or $1.66 per share, a 20.0 percent increase from $13.7 million or $1.35 per share reported for the first three quarters of fiscal 1995. The nine-month results reflect pre-tax losses from new business ventures of $5.4 million or $0.33 per share, an increase over pre-tax losses of $2.6 million for the prior period. Operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. (operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. before depreciation and amortization) for the twelve-month period ended Dec. 31, 1995, increased 12.8 percent to $45.6 million from $40.4 million in the comparable prior twelve-month period. Based in St. Petersburg, Catalina Marketing provides in-store electronic marketing programs for more than 130 consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and companies, including Campbell Soup Co., Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for , Nestle U.S.A., and RJR Nabisco RJR Nabisco, Inc., was an American conglomerate formed in 1985 by the merger of Nabisco Brands and R.J. Reynolds Tobacco Company. RJR Nabisco was purchased in 1988 by Kohlberg Kravis Roberts & Co. in the second largest leveraged buyout in history, adjusted for inflation. . The Catalina Marketing Network reaches more than 126 million shoppers each week in more than 9,400 supermarkets across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including retail chains such as American Stores American Stores was the name of a United States chain of supermarkets. It was formed in 1917 when Acme Markets merged with four other Philadelphia area grocery chains into American Stores. American Stores would grow to 1,700 stores in 40 states with $15 billion in sales. , Kroger, Winn-Dixie, and Safeway. Internationally, the network reaches more than 10 million shoppers each week in Europe and Mexico. The company is composed of four independent business units: Catalina Marketing Services, which markets the company's core electronic marketing programs in supermarkets, mass merchandisers and drug stores; Catalina Electronic Clearing Services, the industry's first electronic coupon clearing service; Health Resource Publishing Co., which delivers customized newsletters to pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. customers based on prescription purchases; and Catalina Marketing International. -0-
CATALINA MARKETING CORP.
SELECTED FINANCIAL DATA
(in thousands, except per-share amounts)
Three Months Nine Months
Periods ended Dec. 31, 1995 1994 1995 1994
Revenue $36,546 $30,272 $98,101 $82,471 Direct operating expenses 13,033 10,629 35,117 29,437 Selling and general and administrative 10,875 7,936 26,714 19,431 Depreciation and amortization 3,496 3,727 10,973 11,130 Income from operations 9,142 7,980 25,297 22,473 Other income 526 79 1,208 213 Minority interest 107 33 384 190 Provision for income taxes 3,822 3,329 10,464 9,188 Net income 5,953 4,763 16,425 13,688 Earnings per share $0.60 $0.47 $1.66 $1.35 Weighted average shares outstanding 9,920 10,134 9,909 10,141
SELECTED OTHER DATA
Dec. 31,
Balance Sheet and Cash Flow: 1995 1994
Cash $20,862 $25,040 Stockholders' equity 63,225 50,496 Twelve-month operating cash flow 45,560 40,396 U.S. Checkout Coupon Business: Number of stores at quarter end 9,465 8,737 New stores installed during quarter/YTD 268/461 290/1,256 Promotions printed during quarter/YTD (in millions) 549/1,490 474/1,278 Weekly shopper reach at quarter end (in millions) 126 116 CONTACT: Catalina Marketing Corp., St. Petersburg Philip B. Livingston, 813/579-5006 Tommy Greer, 813/579-5002 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion