Key Developments: Jones Group Inc (JNY)
14.68USD
22 May 2013
$-0.32 (-2.13%)
$15.00
$14.96
$15.24
$14.53
498,483
894,305
$15.25
$8.85
Latest Key Developments (Source: Significant Developments)
Partner Juan E. Monteverde of Faruqi & Faruqi, LLP Launches An Investigation Against The Jones Group Inc (JNY) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of The Jones Group Inc for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for an amendment to the Company`s 2009 Long Term Incentive Plan. Full Article
The Jones Group Inc Declares Regular Quarterly Cash Dividend
The Jones Group Inc announced that the Board of Directors has declared a regular quarterly cash dividend of $0.05 per share to all common stockholders of record as of May 17, 2013, for payment on May 31, 2013. Full Article
The Jones Group Inc Issues Q2 2013 Revenue Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance
The Jones Group Inc announced that for the second quarter of 2013, it expects adjusted and GAAP revenues to be in the ranges of $820 to $850 million. For fiscal 2013, it expects adjusted and GAAP revenues to be in the ranges of $3.80 to $3.95 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $902 million for the second quarter of 2013 and revenue of $3.67 billion for fiscal 2013. Full Article
The Jones Group Inc Issues Q1, FY 2013 Revenue Guidance Above Analysts' Estimates-Conference Call
The Jones Group Inc announced that for first quarter of 2013, it expects revenue to be between $995 million to $1.025 billion. For fiscal 2013, it expects revenue to be between $3.9 billion to $4.1 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $959 million for first quarter of 2013 and revenue of $3.87 billion for fiscal 2013. Full Article
The Jones Group Inc Declares Regular Quarterly Cash Dividend
The Jones Group Inc announced that Board of Directors has declared a regular quarterly cash dividend of $0.05 per share to all common stockholders of record as of March 1, 2013, for payment on March 15, 2013. Full Article
The Jones Group Inc Lowers FY 2012 Revenue Guidance; Issues Q4 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call
The Jones Group Inc announced that based on view of current business, it believes total Company net revenue will be in the range of $3.79 billion to $3.82 billion for fiscal 2012 and consolidated revenues to be in the range of $965 million and $995 million for the fourth quarter of 2012. Full-year revenue guidance on each of the segments. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $3.81 billion for fiscal 2012; revenues of $972 million for the fourth quarter of 2012. Full Article
The Jones Group Inc Closes Offering Of $100 Million Of 6.875% Senior Notes Due 2019
The Jones Group Inc announced that it has successfully closed its previously-announced public offering of $100 million in aggregate principal amount of its 6.875% Senior Notes due 2019. These notes were issued as additional notes under the indenture pursuant to which Jones issued $300 million in aggregate principal amount of its 6.875% Senior Notes due 2019 on March 7, 2011. The additional notes are being treated as a single series with, and have the same terms as, the previously-issued 2019 notes and will be fungible with the previously-issued 2019 notes. The offering was made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. The proceeds of the offering will be used for general corporate purposes. Citigroup, J.P. Morgan, BofA Merrill Lynch, SunTrust Robinson Humphrey and Wells Fargo Securities are serving as Joint Book-Running Managers on this transaction. Full Article
The Jones Group Inc Prices Offering Of $100 Million Of 6.875% Senior Notes Due 2019
The Jones Group Inc announced that it has priced a public offering of $100 million in aggregate principal amount of its 6.875% Senior Notes due 2019. The notes will be issued at 103.5% of par value, providing a yield to maturity of 6.210%. Interest will be paid semi-annually on the 15th day of March and September beginning March 15, 2013. These notes will be issued as additional notes under the indenture pursuant to which Jones issued $300 million in aggregate principal amount of its 6.875% Senior Notes due 2019 on March 7, 2011. The additional notes will be treated as a single series with, and will have the same terms as, the existing 2019 notes and will be fungible with the existing 2019 notes. The offering will be made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. The proceeds of the offering will be used for general corporate purposes. Citigroup, J.P. Morgan, BofA Merrill Lynch, SunTrust Robinson Humphrey and Wells Fargo Securities will serve as Joint Book-Running Managers on this transaction. Full Article
The Jones Group Inc Announces Exclusive World Wide License Agreement With Altair Division Of Marchon Eyewear
The Jones Group Inc announced that it has entered into an exclusive, world-wide license agreement with Altair, a division of Marchon Eyewear, Inc. (Marchon) for the creation, production, marketing and global distribution of ophthalmic eyewear and sunglasses under the Anne Klein brand. Altair is known as a highly regarded manufacturer and marketer of ophthalmic eyewear and sunwear. The Anne Klein ophthalmic eyewear and sunglass collections are currently produced and marketed under a world-wide license agreement with Luxottica Group S.p.A., which will expire on December 31, 2012. Under the new agreement, the Anne Klein ophthalmic eyewear and sunglass collections will be marketed and sold globally in upscale optical chains and specialty retailers and by individual eye care professionals, beginning in Spring 2013. Full Article
The Jones Group Inc Issues Q3, FY 2012 Revenue Guidance In Line With Analysts' Estimates; Comments On Q4 2012 Revenue Guidance-Conference Call
The Jones Group Inc announced that for fiscal 2012, it expects total net revenue to be in the range of $3.8-$3.9 billion. For the third quarter of 2012, it expect consolidated revenue to be in the range of $1.045-$1.070 billion. While fourth quarter of 2012, it expects revenue to be up mid to high single digits. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $3.8 billion for fiscal 2012; revenues of $1.066 million for the third quarter of 2012; revenues of $957.45 million for the fourth quarter of 2012. Full Article
Jones Group lowers full-year revenue forecast
May 1 - Jones Group Inc on Wednesday lowered its 2013 revenue forecast and reported weak first-quarter sales in Europe because of a tough economy there, and in North America because of a cold winter that prompted shoppers to delay buying spring merchandising.
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