Key Developments: Crumbs Bake Shop Inc (CRMB.PH)
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17 Apr 2013
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Latest Key Developments (Source: Significant Developments)
Crumbs Bake Shop Inc Reaffirms FY 2013 Guidance
Crumbs Bake Shop Inc announced that for fiscal 2013, it expects net sales of approximately $57 million and adjusted EBITDA of $(3.9) million. Full Article
Crumbs Bake Shop Inc Issues FY 2013 Guidance; EBITDA Guidance Above Analysts' Estimates
Crumbs Bake Shop Inc announced that for fiscal 2013, it expects net sales of approximately $57 million and adjusted EBITDA of $(3.9) million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $53 million and EBITDA of $(4.3) million for fiscal 2013. Full Article
Crumbs Bake Shop Inc Updates On FY 2012 Guidance To A Range In Line With Analysts' Estimates
Crumbs Bake Shop Inc announced that for fiscal 2012, it expects total revenues of approximately $46.5 million and adjusted EBITDA of approximately $(1.9) million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $44.8 million for fiscal 2012. Full Article
Crumbs Bake Shop Inc Completes $9.8 Million In Equity Financing
Crumbs Bake Shop Inc announced that it has executed a Securities Purchase Agreement with accredited investors pursuant to which it has agreed to sell 4,456,968 shares of its common stock at a price of $2.21 per share, resulting in gross proceeds to the Company of $9,849,900. Closing of the transaction is expected to occur on October 11, 2012. After paying its expenses related to the transaction, the Company intends to use the net proceeds to fund new store growth, and to bolster general working capital in order to strengthen its financial condition. Full Article
Crumbs Bake Shop Inc Announces Business Relationship With Starbucks Corporation
Crumbs Bake Shop Inc announced that it has entered into an agreement with Starbucks Corporation to bring the full complement of Starbucks brewed coffees, teas and espresso-based drinks to all Crumbs locations. Full Article
Crumbs Bake Shop Inc Names Julian R. Geiger As New President And Chief Executive Officer
Crumbs Bake Shop Inc named Julian R. Geiger as the Company’s new President and Chief Executive Officer (CEO), effective November 14, 2011. Jason Bauer, who co-founded the Company’s operating subsidiary, Crumbs Holdings, LLC (Crumbs) and served as its President and Chief Executive Officer since 2003, will become Senior Vice President of Business Development. Full Article
Crumbs Bake Shop Inc Suspends FY 2011 Guidance
Crumbs Bake Shop Inc announced that it is suspending its previously announced guidance for fiscal 2011 net sales and adjusted EBITDA. Full Article
57th Street General Acquisition Corp Updates FY 2011 Revenue Guidance; Updates FY 2011 EBITDA Guidance To A Range Below Analysts' Estimates; Issues FY 2012 Mixed Guidance
57th Street General Acquisition Corp updated fiscal 2011 guidance and expects net sales to be $40.0-$45.0 million and adjusted EBITDA to be $0.85 million-$1.35 million. For fiscal 2012, net sales are expected to be $80.0-$85.0 million and Adjusted EBITDA is expected to be $7.5 - $8.5 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $43 million and EBITDA of $3 million for fiscal 2011; revenues of $79 million and EBITDA of $9 million for fiscal 2012. Full Article
57th Street General Acquisition Corp Partners With Dawn Food Products, Inc.
57th Street General Acquisition Corp announced a partnership with Dawn Food Products, Inc. to be its exclusive consolidated supplier of raw materials for its contract bakery manufacturers throughout the country. Full Article
57th Street General Acquisition Corp Announces Approval For NASDAQ Listing
57th Street General Acquisition Corp announced that NASDAQ has approved the listing of its common stock, warrants and units for trading on the NASDAQ Capital Market effective June 30, 2011. The Company’s common stock, warrants and units will trade under the current symbols 'CRMB', 'CRMBW' and 'CRMBU', respectively. Full Article
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