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

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

EVINE Live Reports First Quarter Results

May 25, 2016 6:03 AM EDT

Fiscal Year 2016 First Quarter Highlights

Net sales were $167 million, a 5% increase year-over-year.Online net sales as a percentage of total net sales increased 360 basis points to 48.8%.Mobile remains the fastest-growing platform with net sales of $37.1 million, a 31% increase year-over-year.Adjusted EBITDA was $3.4 million, a 117% increase year-over-year.EPS was ($0.09), a decrease of $0.01 year-over-year, primarily related to executive and management transition costs.Inventory decreased 6% year-over-year to $63.6 million.

MINNEAPOLIS, May 25, 2016 (GLOBE NEWSWIRE) -- EVINE Live Inc. (NASDAQ: EVLV) today announced results for... More

EVINE Live Appoints New CMO

May 23, 2016 11:00 AM EDT

MINNEAPOLIS, May 23, 2016 (GLOBE NEWSWIRE) -- EVINE Live Inc. (NASDAQ: EVLV), an omnichannel retail experience (evine.com), today announced the appointment of Michael Henry as Senior Vice President and Chief Merchandising Officer. Henry comes to EVINE Live with extensive TV retail experience, previously holding senior level merchandising positions at Eastern Home Shopping, QVC Italy and HSN.

"I could not be more thrilled to announce the addition of Michael to our leadership team," said Bob Rosenblatt, Chairman and Interim CEO at EVINE Live.... More