Key Developments: Shutterfly Inc (SFLY.O)

SFLY.O on Nasdaq

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24 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Shutterfly Inc gives Q3 2014 outlook, revenue below analysts' estimates; raises low end of prior FY 2014 revenue outlook, raises operating income outlook, lowers low end of EBITDA outlook
Wednesday, 30 Jul 2014 04:02pm EDT 

Shutterfly Inc:Expects Q3 2014 net revenues to range from $140.5 to $143.5 million, a year-over-year increase of 14.5 to 17.0 Pct.Q3 2014 GAAP operating loss to range from ($49.6) to ($51.6) million.Q3 2014 non-GAAP operating loss to range from ($25.4) to ($27.1) million.Q3 2014 GAAP net loss per share to range from ($1.18) to ($1.22).Q3 2014 adjusted EBITDA loss to range from ($8.0) to ($9.5) million.Q3 2014 revenue of $143.6 million, EBIT of $(48.9) million, EPS of $(1.17) and EBITDA of $(8.67) million - Thomson Reuters I/B/E/S.FY 2014 net revenues to range from $905.0 to $920.0 million, a year-over-year increase of 15.5 to 17.4 pct.FY 2014 GAAP operating income/(loss) to range from ($2.5) to $12.3 million.FY 2014 non-GAAP operating income to range from $95.5 to $109.8 million.FY 2014 GAAP net loss per share to range from ($0.09) to ($0.39).FY 2014 adjusted EBITDA to range from $161.0 to $174.8 million, or 17.8 to 19.0 pct of net revenues.FY 2014 revenue of $917.8 million, EBIT of $9.35 million, EPS of $(0.17) and EBITDA of $171 million - Thomson Reuters I/B/E/S.  Full Article

Shutterfly Inc reaffirms FY 2014 revenue guidance - Conference call
Tuesday, 6 May 2014 10:45am EDT 

Shutterfly Inc:Expects to continue its guidance for FY 2014 for top line of $903 mln to $920 mln, contemplates around mid-teen organic normalized growth.FY 2014 revenue of $915 mln - Thomson Reuters I/B/E/S.  Full Article

Shutterfly Inc gives Q2 2014 guidance; operating loss guidance above analysts' estimates; raises low end of prior FY 2014 guidance
Wednesday, 30 Apr 2014 04:02pm EDT 

Shutterfly Inc:Expects Q2 2014 net revenues to range from $154.0 million to $158.0 million.Expects Q2 2014 GAAP operating loss to range from ($32.9) million to ($33.2) million.Expects Q2 2014 Non-GAAP operating loss to range from ($8.2) million to ($9.0) million.Expects Q2 2014 GAAP net loss per share to range from ($0.72) to ($0.75).Expects Q2 2014 adjusted EBITDA to range from $6.0 million to $7.0 million.Expects FY 2014 net revenues to range from $903.0 million to $920.0 million.Expects FY 2014 GAAP operating income/(loss) to range from ($0.6) million to $9.2 million.Expects FY 2014 Non-GAAP operating income to range from $96.7 million to $109.1 million.Expects FY 2014 GAAP net loss per share to range from ($0.38) to ($0.15).Expects FY 2014 adjusted EBITDA to range from $160.6 million to $174.8 million.Q2 2014 revenue of $155.7 million, EBIT of $(35) million, EPS of $(0.73) and EBITDA of $6.0 million - Thomson Reuters I/B/E/S.FY 2014 revenue of $912 million, EBIT of $(1.07) million, EPS of $(0.35) and EBITDA of $169.7 million - Thomson Reuters I/B/E/S.  Full Article

Shutterfly Inc authorizes $100 mln share repurchase program
Tuesday, 11 Feb 2014 05:00pm EST 

Shutterfly Inc:Says the Board has approved an increase to its ongoing share repurchase program for an aggregate of up to $100 mln.Says it intends to finance the share repurchases with cash on hand.  Full Article

Shutterfly Inc gives Q1 2014 guidance below analysts' estimates; gives FY 2014 guidance; earnings guidance below analysts' estimates
Wednesday, 5 Feb 2014 04:02pm EST 

Shutterfly Inc:Says for Q1 2014, it expects net revenues to range from $132.0 million to $135.0 million, GAAP operating loss to range from ($41.5) million to ($43.5) million and Non-GAAP operating loss to range from ($14.9) million to ($16.9) million.Says for Q1 2014, it expects GAAP net loss per diluted share to range from ($0.93) to ($0.99), Non-GAAP net loss per diluted share to range from ($0.86) to ($0.92) and adjusted EBITDA to range from a loss of ($1.5) million to income of $0.5 million.Says for FY 2014, it expects net revenues to range from $900.0 million to $920.0 million, GAAP operating income/(loss) to range from a loss of ($11.5) million to income of $1.7 million and Non-GAAP operating income to range from $94.5 million to $109.1 million.Says for FY 2014, it expects GAAP net loss per diluted share to range from ($0.27) to ($0.55), Non-GAAP net loss per diluted share to range from ($0.02) to ($0.28) and adjusted EBITDA to range from $160.2 million to $174.8 million.Q1 2014 revenue of $138.4 million, operating profit of ($27.1) million, EBITDA of $5.2 million and EPS of ($0.42) - Thomson Reuters I/B/E/S.FY 2014 revenue of $909.8 million, Operating Profit of $37.5 million, EBITDA of $178.0 million and EPS of $0.33 - Thomson Reuters I/B/E/S.  Full Article

Shutterfly Inc Issues Q4 2013 Outlook Below Analysts' Estimates; Lowers FY 2013 Outlook-Conference Call
Tuesday, 29 Oct 2013 04:02am EDT 

Shutterfly Inc announced that it expects net revenues in the fourth quarter of 2013 to range from $392.1 million to $405.1 million, which reflects year-over-year growth of up to 15.2%. it expects fourth quarter of 2013 GAAP gross margin to range from 60.3% to 61.3% of net revenues and fourth quarter of 2013 GAAP operating income to range from $94.9 million to $105 million. For Fiscal 2013, it now expects net revenues to total between $765 million and $778 million, which reflects year-over-year growth of up to 21.4%. GAAP operating income will be approximately $12.4 million to $22.5 million. It expects GAAP net income per share to range from $0.06 to $0.22 per share. And excluding the effects of convertible note offering, it expects fiscal 2013 non-GAAP net income per share to range from $0.20 to $0.35 per share, slightly widening the previous non-GAAP EPS guidance of $0.23 to $0.33 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $405.95 million and EBIT of $106.45 million for fourth quarter of 2013; revenue of $779 million, EBIT of $27.6 million, EPS of $0.21, EBITDA of $148.89 million for the fiscal 2013.  Full Article

Shutterfly Inc Acquires BorrowLenses
Thursday, 24 Oct 2013 04:01pm EDT 

Shutterfly, Inc announced that it has acquired BorrowLenses, the online marketplace for photographic and video equipment rentals. BorrowLenses's Founders, Max Shevyakov and Mark Gurevich, will join Shutterfly Inc.  Full Article

Shutterfly Inc Acquires R&R Images
Thursday, 29 Aug 2013 04:01pm EDT 

Shutterfly Inc announced that it has acquired R&R Images, a boutique, high variability printer focused on stationery printing and product design. R&R Images is privately-held and located in Phoenix, Arizona. Terms of the transaction were not disclosed.  Full Article

Shutterfly Inc Raises FY 2013 Revenue, EPS, EBITDA Outlook; Narrows FY 2013 EBIT Outlook; Issues Q3 2013 Revenue, EPS, EBITDA Outlook Below Estimates; EBIT Outlook Above Analysts' Estimates
Wednesday, 31 Jul 2013 04:02pm EDT 

Shutterfly Inc announced that for third quarter of 2013, it expects net revenues to range from $115.5 million to $117.5 million, GAAP operating loss to range from ($41.0) million to ($43.0) million, Non-GAAP operating loss to range from ($18.0) million to ($20.0) million, GAAP net loss per diluted share to range from ($0.63) to ($0.67), Non-GAAP net loss per diluted share to range from ($0.58) to ($0.62) and Adjusted EBITDA loss to range from ($6.0) million to ($8.0) million. For fiscal 2013, it expects net revenues to range from $776.0 million to $781.0 million, GAAP operating income to range from $14.2 million to $20.4 million, Non-GAAP operating income to range from $96.9 million to $103.1 million, GAAP net income per diluted share to range from $0.08 to $0.19, Non-GAAP net income per diluted share to range from $0.23 to $0.33 and Adjusted EBITDA to range from $139.7 million to $148.4 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $119 million, EBIT of ($34.5) million, EPS of $(0.49), EBITDA of ($1.89) million for the third quarter of 2013; revenues of $771.40 million, EBITDA of $146.44 million and EPS of $0.33 for fiscal 2013.  Full Article

Shutterfly Inc Prices Offering Of $270 Million Convertible Senior Notes
Wednesday, 15 May 2013 07:30am EDT 

Shutterfly Inc announced that it has priced $270 million aggregate principal amount of 0.25% convertible senior notes due 2018 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). In connection with the offering of the notes, the Company has granted the initial purchasers a 30-day option to purchase up to an additional $30 million aggregate principal amount of such notes. When issued, the notes will be unsecured senior obligations of the Company. preceding the maturity date. The Company estimates that the net proceeds from the offering will be approximately $262.3 million after deducting the initial purchasers` discounts and commissions and the estimated offering expenses payable by it. The Company intends to use a portion of the net proceeds from the offering of the notes to fund acquisitions and other strategic transactions. The Company also intends to use approximately $18.0 million of the net proceeds from the offering of the notes to pay the cost of certain convertible note hedge transactions (described below), taking into account the proceeds to the Company of certain warrant transactions (described below) and to repurchase up to $30 million of shares of the Company`s common stock in privately negotiated transactions, which could affect the market price of the Company`s common stock concurrently with, or shortly after, the pricing of the notes.  Full Article

Silver Lake shelves bid for Shutterfly, Snapfish: Bloomberg

- Private equity firm Silver Lake failed to reach a deal to acquire and combine photo-sharing sites Shutterfly Inc and Snapfish by a deadline on Friday, Bloomberg reported, citing people familiar with the matter.

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