EVINE Live (EVLV) Tops Q1 EPS by 1c; Sees FY16 Sales Flat Y/Y

EVINE Live (NASDAQ: EVLV) reported Q1 EPS of ($0.09), $0.01 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $167 million versus the consensus estimate of $162.13 million.

EVINE Live recently announced two new members of the senior leadership team, both of whom are highly experienced retail executives. Nicole Ostoya was appointed Chief Marketing Officer and most recently, Michael Henry as Chief Merchandising Officer.

Michael Henry brings 35 years of retail experience, including 10 years of TV shopping experience to EVINE Live. Most recently, Henry was with Eastern Home Shopping, ran Merchandising, Planning and Programming at QVC Italia, and led the Beauty category at HSN-US. In addition to Henry’s merchandising experience he has also held multiple senior marketing roles throughout his career, which will bring added synergy between merchandising and marketing at EVINE Live.

Guidance:

The Company expects second quarter sales growth to be in the low single digits with second quarter Adjusted EBITDA similar to the first quarter result in 2016.

The Company expects full year sales growth relatively in line with 2015 with improved Adjusted EBITDA year-over-year.

For earnings history and earnings-related data on EVINE Live (EVLV) click here.

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