Catalina Marketing reports third quarter results.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. 16, 1995--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 results for the third fiscal quarter and nine months ended Dec. 31, 1995. Revenues for the quarter increased 20 percent to $30.3 million, up from $25.2 million reported in the third quarter of fiscal 1994. Net income rose 40 percent to $4.8 million, or 47 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. , from $3.4 million or 33 cents per share, reported last year. For the first nine months of fiscal 1995, the company's revenue grew 28 percent to $82.5 million, up from $64.5 million in the same period a year ago. Net income was $13.7 million, or $1.35 per share, a 39 percent increase from the $9.9 million, or 97 cents per share reported for the first three quarters of fiscal 1994. "The company's performance continues to be very strong, and we continue on track to meet our revenue and earnings objectives for fiscal 1995," said George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). W. Off, president and chief executive officer. "Our revenue growth is being driven by the steady expansion of our proprietary electronic marketing network, and our manufacturer advanced contract commitments, mainly renewals, for Checkout Coupon category cycles going into calendar 1995 are at record levels. We added 290 supermarkets in the quarter for an installed base of 8,737 stores nationwide at quarter's end. New store installations include Kroger-Atlanta and Smith Foods in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . "The Catalina Catalina may refer to: In geography:
"Our expansion overseas was also strong in the quarter," Off continued. "Catalina Marketing de Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. , S.A. de C.V. is installed in the Cifra Aurrera chain and are beginning installations of their Superama stores. Our pilot program in France with six Casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. stores and four Docks de France stores is showing excellent results. "We are also please to report that Catalina Marketing U.K. Ltd. is above plan, profitable and is expanding." Catalina Marketing continued to enhance its Checkout Coupon program in the third quarter. Checkout Message, a new application for the network, delivers highly targeted advertising messages -- including brand benefit statements and product usage ideas -- to shoppers based on their purchases. The company also expanded the roll-out of its Integrated Price Label program that incorporates promotion information into the existing retailers' shelf price system, allowing shoppers to see what Checkout Coupon they will receive at the checkout when they purchase a particular product. "Checkout Direct, our database marketing program, continues to roll out ahead of schedule and is now tracking the purchase behavior of more than 10 million U.S. households," said Off. Catalina Electronic Clearing Services Inc. (CECS CECS College of Engineering and Computer Science CECS Co-operative Education & Career Services (University of Waterloo, Canada) CECS Computer Engineering and Computer Science CECS Center for Embedded Computer Systems ), the company's joint venture subsidiary, created to improve the efficiency and lower the costs associated with coupon clearing for both manufacturers and retailers, continues to make solid progress. CECS has completed its technological development and is continuing to expand its pilot program. The pilot is being installed in more than 50 stores including charter stores in Kroger-Cincinnati, Giant-Carlisle, Giant-Landover For other uses, see Giant Food. Giant Food LLC is a supermarket chain with 186 locations throughout Washington D.C., Virginia, Delaware, and Maryland.[1] Giant is often referred to as Giant-Landover so not to be confused with sister company Giant-Carlisle. , Ralphs, Pathmark, Dominicks and Dicks. Dan Granger, president and chief executive officer of CECS, has recently joined the board of The Central List, a manufacturer- and retailer-sponsored non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. created to encourage more efficient coupon clearing processing and EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting . Catalina Marketing also announced that Information Resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. Inc. (IRI Iri (ē`rē`), former city, North Jeolla (Cholla) prov., SW South Korea. An agricultural center and transportation hub, it was absorbed into Iksan. ) has purchased majority ownership from Catalina of their joint venture, Catalina Information Resources (CIR (Committed Information Rate) In a frame relay network, the average transmission rate in bits per second (typically Kbps) for a virtual circuit. It defines the maximum rate that the network can handle under normal conditions. ). Catalina Marketing will continue to provide data collection services and IRI will assume all related sales and service responsibilities for the Quick Response Scan Network applications. The Quick Response Scan Network derives data from Catalina Marketing's in-store electronic network. IRI also announced that the Quick Response service is expanding to a projected 4,000 stores in 1995 and 6,000 stores in 1996. The net effect of these moves will be to improve services to clients and further improve its significant cost advantage over competing daily data services. Off commented, "We are very pleased with the success of the business to date, and look forward to supplying data collection services in support of IRI's expanding Quick Response service." Catalina Marketing, based in St. Petersburg, provides electronic marketing programs for such well-known consumer food companies as Coca-Cola U.S.A., Kraft General Foods, Nestle Food Corp., 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. and S.C. Johnson. The Catalina Marketing Network is installed in more than 8,737 supermarkets reaching more than 115.8 million shoppers each week in 101 retail grocery divisions domestically, including 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. , Dominick's Giant Food, Kroger, Pathmark, Ralphs, Safeway and Winn-Dixie, and covering more than 50 percent of the U.S. grocery chain dollars sales. -0-
Catalina Marketing Corp.
Selected Financial Data
(In thousands, except per share amounts)
Quarter Ended
Dec. 31,
1994 1993
Revenue $30,272 $25,185 Direct Operating Expenses 10,629 9,779 Selling and G & A 7,936 7,714 Depreciation and Amortization 3,727 2,964 Income from Operations 7,980 4,728 Other Income (Expense) 79 369 Provision for Income Taxes 3,329 2,047 Minority Interest 33 370 Net Income $ 4,763 $ 3,420 Average Weighted Shares Outstanding 10,134 10,269 Earnings Per Share 47 cents 33 cents -0-
Nine Months Ended
Dec. 31,
1994 1993
Revenue $82,471 $64,493 Direct Operating Expenses 29,437 23,968 Selling and G & A 19,431 17,537 Depreciation and Amortization 11,130 8,211 Income from Operations 22,473 14,777 Other Income (Expense) 213 716 Provision for Income Taxes 9,188 5,997 Minority Interest 180 370 Net Income $13,688 $ 9,866 Average Weighted Shares Outstanding 10,141 10,213 Earnings Per Share $1.35 97 cents
-0-
Catalina Marketing Corp.
Selected Financial Data
Quarter Ended
Dec. 31,
1994 1993
Total Cash $25,040 $22,909
Total Assets 88,340 72,921
Total Stockholders Equity 50,496 40,657
Selected Other Data
Quarter Ended
Dec. 31,
1994 1993
Number of Stores at Quarter End 8,737 6,903 New Stores Installed During Quarter 290 482 Promotions Printed During Quarter (in millions) 474.1 420.4 Weekly Shopper Reach at End of Quarter (in millions) 115.8 88.6
Nine Months Ended
Dec. 31,
1994 1993
New Stores Installed 1,256 1,294 Promotions Printed (in millions) 1,278.4 1,017.9 CONTACT: Catalina Marketing Corp., St. Petersburg, William E. O'Connor, 813/579-5006 |
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