RetailMeNot (SALE) Tops Q4 EPS by 11c; Approves $100M Buyback Plan

RetailMeNot (NASDAQ: SALE) reported Q4 EPS of $0.43, $0.11 better than the analyst estimate of $0.32. Revenue for the quarter came in at $87.4 million versus the consensus estimate of $86.1 million.

RetailMeNot sees Q1 2015 revenue of $57 - $60 million, versus the consensus of $68.1 million.

RetailMeNot sees FY2015 revenue of $275 - $285 million, versus the consensus of $305.3 million.

RetailMeNot announced that its board of directors authorized a stock repurchase program of up to $100 million of the company's outstanding Series 1 common stock, effective immediately. The stock repurchase program is expected to be completed over the next 24 months.

"Our strong balance sheet and healthy cash flow enable the company to return excess cash to our shareholders through a repurchase program while continuing to invest. We believe the current share price understates the strength of RetailMeNot's long-term growth initiatives," said Cotter Cunningham, RetailMeNot's Founder and Chief Executive Officer. "The repurchase program demonstrates our commitment to building shareholder value as well as confidence in the long-term prospects of our business."

The stock purchases may be made from time to time through open market purchases, 10b5-1 plans, privately-negotiated transactions, accelerated stock repurchases, block trades, derivative contracts or otherwise in accordance with applicable federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including, but not limited to, the market price of RetailMeNot's Series 1 common stock, general market and economic conditions, regulatory requirements, capital availability and compliance with the terms of the company's outstanding indebtedness.

Repurchases under this program will be funded from one or a combination of existing cash balances, future free cash flow and indebtedness. There is no guarantee as to the number of shares that will be repurchased, and the repurchase program may be extended, suspended or discontinued at any time, without notice at RetailMeNot's discretion.

In a separate announcement today, RetailMeNot, Inc. also announced financial results for its fourth quarter and fiscal 2014, along with outlook for Q1 and fiscal 2015. For more information, please see RetailMeNot's earnings press release titled "RetailMeNot Announces Fourth Quarter & Fiscal Year 2014 Financial Results".

For earnings history and earnings-related data on RetailMeNot (SALE) click here.

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