Key Developments: Body Central Corp (BODY.OQ)

BODY.OQ on NASDAQ Stock Exchange Global Select Market

11.96USD
1 Aug 2013
Price Change (% chg)

$-0.10 (-0.83%)
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$12.06
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$13.39
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Latest Key Developments (Source: Significant Developments)

Body Central Corp Announces New Chairman Of Board
Thursday, 16 May 2013 04:01pm EDT 

Body Central Corp announced that Board of Directors has elected Donna R. Ecton as non-executive Chairman of the Board, effective May 14, 2013. Ms. Ecton has been a director of Body Central Corp. since May 2011.  Full Article

Body Central Corp Names Brian P. Woolf As Chief Executive Officer
Tuesday, 5 Feb 2013 05:49pm EST 

Body Central Corp announced that Brian P. Woolf has been hired as Chief Executive Officer (CEO) and appointed to its Board of Directors. Both moves became effective on February 5, 2013. Tom Stoltz, Interim CEO, will continue in his role as Chief Operating Officer and Chief Financial Officer (CFO).  Full Article

Body Central Corp Lowers Q4, FY 2012 EPS Guidance
Tuesday, 15 Jan 2013 08:00am EST 

Body Central Corp announced that based on sales results in the fourth quarter of 2012, the Company now expects fourth quarter 2012 diluted EPS to be in the range of $0.10 to $0.12 per share. The Company now expects fiscal 2012 diluted EPS to be in the range of $0.68 to $0.70 per share. Also included in the full year EPS estimate is the $600,000 pre-tax charge (or $0.02 per share) taken in the third quarter related to severance expense for the former CEO. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.23 for fourth quarter of 2012; EPS of $0.83 for fiscal 2012.  Full Article

Body Central Corp Issues Q4 2012 Guidance Comments On Q4 2012 Comparable Store Sales Guidance; Lowers FY 2012 Guidance; Lowers FY 2012 Comparable Store Sales Guidance
Thursday, 1 Nov 2012 04:01pm EDT 

Body Central Corp announced that for fourth quarter of 2012, it expects net revenues in the range of $82 million to $84 million, comparable sales to decrease 11% to 14% and diluted earnings per share in the range of $0.19 to $0.22. For fiscal 2012, it expects net revenues in the range of $312 million to $314 million, comparable sales to decrease 8% to 9% and diluted earnings per share in the range of $0.80 to $0.83.  Full Article

Levi & Korsinsky Notifies Investors With Losses On Their Investment In Body Central Corp Of Class Action Lawsuit And Deadline Of October 29, 2012 To Seek Lead Plaintiff Position
Monday, 15 Oct 2012 02:54pm EDT 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Middle District of Florida on behalf of investors who purchased Body Central Corporation securities between November 10, 2011 and June 18, 2012. The complaint alleges that, throughout the Class Period, defendants misrepresented and/or failed to disclose the following adverse facts: that the Company's "merchandise miss" was not an isolated, quickly repairable event, but would take at least several quarters to remedy and would have a material, negative impact on the Company's financial results; that the Company's stores were experiencing increasingly poor performance and financial results; that defendants issued materially false and misleading statements regarding the Company's operations and its business and financial outlook; that, based on the above, defendants lacked a reasonable basis for their positive statements about the Company; and as a result of defendants' false statements, Body Central common stock traded at artificially inflated prices during the Class Period.  Full Article

Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Body Central Corp
Friday, 21 Sep 2012 09:45pm EDT 

Glancy Binkow & Goldberg LLP announced that all purchasers of the common stock of Body Central Corp between November 10, 2011 and June 18, 2012, inclusive (the Class Period), have until October 29, 2012 to file a motion with the Court to be appointed as lead plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Middle District of Florida. The Complaint alleges that the Company and certain of its executive officers misrepresented and/or failed to disclose material adverse facts concerning the Company’s financial performance and prospects, including that: (1) the Company's “merchandise miss” was not an isolated event, it would take at least several quarters to remedy and would have a material negative impact on the Company's financial results; (2) the Company's stores were experiencing increasingly poor performance and financial results; (3) defendants issued materially false and misleading statements regarding the Company's operations and its business and financial results and outlook; and (4) based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company or its revenue outlook.  Full Article

Law Offices of Todd M. Garber Announces Investigation of Body Central Corp
Tuesday, 11 Sep 2012 11:45pm EDT 

The Law Offices of Todd M. Garber announced that it is investigating potential claims against Body Central Corp concerning possible violations of federal securities laws. The investigation is related to certain statements issued by the Company between November 10, 2011 and June 18, 2012 concerning the Company’s financial performance and prospects. Body Central operates as a specialty retailer of young women’s apparel and accessories in the south, mid-Atlantic and Midwest United States, with specialty apparel stores under the Body Central and Body Shop banners. The investigation is related to the Company’s June 18, 2012 announcement of “revised sales and earnings guidance for its second quarter and full year 2012.” According to the Company, the revision was a result of “recent sales trends,” which the Company expects “will continue into the third quarter with some impact to gross margin.” The investigation also concerns allegations that: (1) the Company's “merchandise miss” was not an isolated event, it would take at least several quarters to remedy and would have a material negative impact on the Company's financial results; (2) the Company's stores were experiencing increasingly poor performance and financial results; and (3) based on the foregoing, the Company and certain of its executive officers lacked a reasonable basis for their positive statements about the Company or its revenue outlook during the foregoing period.  Full Article

Levi & Korsinsky Announces Class Action Against Body Central Corp
Tuesday, 11 Sep 2012 03:14pm EDT 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Middle District of Florida on behalf of investors who purchased Body Central Corp securities between November 10, 2011 and June 18, 2012.  Full Article

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Body Central Corp
Sunday, 2 Sep 2012 04:00pm EDT 

Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the Middle District of Florida on behalf of a class consisting of all purchasers of the common stock of Body Central Corp between November 10, 2011 and June 18, 2012, seeking to pursue remedies under the Securities Exchange Act of 1934. The Complaint alleges that the Company and certain of its executive officers misrepresented and/or failed to disclose material adverse facts concerning the Company’s financial performance and prospects, including that: (1) the Company's merchandise miss was not an isolated event, it would take at least several quarters to remedy and would have a material negative impact on the Company's financial results; (2) the Company's stores were experiencing increasingly poor performance and financial results; (3) defendants issued materially false and misleading statements regarding the Company's operations and its business and financial results and outlook; and (4) based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company or its revenue outlook.  Full Article

Faruqi & Faruqi, LLP Encourages Investors Suffered Over $100,000 In Losses Investing In Body Central Corp To Contact the Firm
Saturday, 1 Sep 2012 08:30am EDT 

Faruqi & Faruqi, LLP announced that it is investigating potential securities fraud at Body Central Corp. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Company's merchandise miss was not an isolated, quickly fixable event, but would take at least several quarters to remedy and would have a material, negative impact on the Company's financial results; (2) the Company's stores were experiencing increasingly poor performance and financial results; and (3) Body Central executives had issued misleading statements regarding the Company's operations and business outlook. On May 3, 2012, Body Central published a press release announcing its first quarter 2012 financial results. In it, the Company unexpectedly issued a weak forecast for second quarter and full year earnings, citing an expected decrease in comparable store sales. For the second quarter, the Company forecast earnings between $0.26 and $0.28 cents, well below market expectations of $0.36. The Company forecasted full year earnings of $1.34 to $1.38, below the average analyst forecast of $1.52. On this news, Body Central common stock abruptly lost almost half of its value, falling $14.04 per share to close at $14.88 per share on May 4, 2012, a one-day decline of more than 48%.  Full Article

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