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GRPN

Groupon

$3.02 /

+0.175 (+6.15%)

16:14
02/18/20
02/18
16:14
02/18/20
16:14

Groupon plans to exit Goods category, to focus on local experiences

"Following a comprehensive review of opportunities and strategic alternatives, we determined that a plan to exit the Goods category and focus on our local experiences marketplace best positions us for long-term and sustained growth," the company said. "We believe this plan will allow us to devote the focused execution necessary to take share in the growing local experiences market. This market, which we estimate to be north of $1 trillion, is highly fragmented, growing, and migrating quickly from offline to online. Currently, we are a market leader, yet we have less than 1% market share. In addition, our 2019 Goods category performance, particularly in the fourth quarter, has made it increasingly clear that we are not well-positioned in a saturated retail market. We believe that focusing on rapidly growing our local experiences marketplace will allow us to bend our growth curve and deliver value for all of our stakeholders. We are most differentiated in local experiences, which include Things to Do, Beauty & Wellness, and Dining, and we believe our strength in these areas position us well against potential competitors. In order to maintain and extend our competitive advantage, we believe we must act with urgency and plan to exit our Goods category in North America by the third quarter and globally by the end of the year. We are realigning our organization to attack the local experiences opportunity and our strategy is focused on four key priorities: inventory, modernization, brand, and cost." The company particularly plans to deliver a modern mobile experience, relaunch the Groupon brand, and reduce costs. Groupon believes that the successful execution of this strategy will lead to revenue growth of mid-single digits and unit growth of high-single digits by 2022.

  • 19

    Feb

  • 04

    Mar

GRPN Groupon
$3.02 /

+0.175 (+6.15%)

01/17/20 UBS
Groupon upgraded to Buy from Neutral at UBS
12/23/19 Ascendiant
Groupon price target lowered to $3.25 from $4.25 at Ascendiant
12/17/19
Fly Intel: Top five analyst downgrades
12/17/19 Goldman Sachs
Groupon downgraded to Sell from Neutral at Goldman Sachs

TODAY'S FREE FLY STORIES

Conference/Events
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MGM Resorts

$10.57 /

-0.94 (-8.17%)

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United Therapeutics participates in a conference with JPMorgan » 13:44
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UTHR

United Therapeutics

$92.58 /

-0.83 (-0.89%)

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JPMorgan LatAm utilities analysts to hold an analyst/industry conference call » 13:37
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JPMorgan retail analysts to hold an analyst/industry conference call » 13:33
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Conference/Events
JPMorgan financial analyst to hold an analyst/industry conference call » 13:28
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Financial Analyst…

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Conference/Events
JPMorgan LatAm economist to hold an analyst/industry conference call » 13:26
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LatAm Economist Pereira…

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Conference/Events
Red Lion Hotels to host conference call » 12:52
04/05/20
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RLH

Red Lion Hotels

$1.27 /

+0.005 (+0.40%)

Management discusses…

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Itau Unibanco to hold a conference call » 12:43
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ITUB

Itau Unibanco

$3.90 /

-0.2 (-4.88%)

President & CEO…

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Recommendations
Floor & Decor price target lowered to $30 from $55 at Stifel » 11:49
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FND

Floor & Decor

$27.03 /

-1.43 (-5.02%)

Stifel analyst John Baugh…

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Conference/Events
Applied Therapeutics participates in a conference call with Baird » 16:50
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APLT

Applied Therapeutics

$31.86 /

+0.8 (+2.58%)

Conference call with…

Conference call with management will be held on April 7 at 1:30 pm hosted by Baird.

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Conference/Events
Aveo Pharmaceuticals participates in a conference call with Baird » 16:46
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AVEO

Aveo Pharmaceuticals

$3.45 /

-0.22 (-5.99%)

Conference call with…

Conference call with management will be held on April 14 at 1:30 pm hosted by Baird.

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Conference/Events
Esperion participates in a conference call with Credit Suisse » 16:13
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ESPR

Esperion

$30.93 /

-2.13 (-6.44%)

Conference call with…

Conference call with management will be held on April 9 at 11 am hosted by Credit Suisse.

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Conference/Events
Credit Suisse financial service analyst to hold analyst/industry conference call » 16:10
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Financial Services…

Financial Services Analysts provide an Industry update and outlook on an Analyst/Industry conference call to be held on April 8 at 10 am.

Conference/Events
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Aerospace & Defense…

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Conference/Events
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Automotive/Automotive…

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Conference/Events
Lowe's participates in a conference call with Credit Suisse » 14:18
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LOW

Lowe's

$82.04 /

-0.97 (-1.17%)

Consumer Services Analyst…

Consumer Services Analyst Sigman holds a conference call with President & CEO Ellison and CFO Denton on April 8 at 4 pm hosted by Credit Suisse. Webcast Link

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Conference/Events
Immunomedics to host conference call » 14:11
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Immunomedics

$9.39 /

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Conference/Events
Roth Capital biotech analysts to hold an analyst/industry conference call » 11:15
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Periodicals
Battle between Mack-Call, activist investor only heating up, Barron's says » 10:13
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CLI

Mack-Cali Realty

$13.86 /

-0.41 (-2.87%)

The coronavirus pandemic…

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Periodicals
J&J, Chevron among names with safe dividends for now, Barron's says » 10:04
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TROW

T. Rowe Price

$95.02 /

-2.13 (-2.19%)

, PG

Procter & Gamble

$115.10 /

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, MDT

Medtronic

$86.17 /

+0.02 (+0.02%)

, KMB

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+0.58 (+0.45%)

, JNJ

Johnson & Johnson

$134.13 /

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, HRL

Hormel Foods

$48.37 /

+0.72 (+1.51%)

, CVX

Chevron

$75.15 /

-1.07 (-1.40%)

, ABT

Abbott

$79.50 /

+0.075 (+0.09%)

Among the 64 S&P 500…

Among the 64 S&P 500 Dividend Aristocrats, the dividends of Abbott Laboratories (ABT), Chevron (CVX), Hormel Foods (HRL), Johnson & Johnson (JNJ), Kimberly-Clark (KMB), Medtronic (MDT), Procter & Gamble (PG), and T. Rowe Price (TROW) look safe for now, thanks in part to relatively low debt loads, Lawrence Strauss writes in this week's editions of Barron's. Reference Link

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Periodicals
Internet doing just fine during pandemic, Barron's says » 09:52
04/04/20
04/04
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VZ

Verizon

$54.72 /

-0.52 (-0.94%)

, T

AT&T

$27.46 /

-1.305 (-4.54%)

, CMCSK

Comcast

$0.00 /

+ (+0.00%)

, CMCSA

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, NFLX

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-8.37 (-2.26%)

, AMZN

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$1,905.33 /

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, AAPL

Apple

$241.43 /

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With everyone stuck…

With everyone stuck working and studying from home, Americans have become sensitive to any news about internet slowdowns, Eric Savitz writes in this week's edition of Barron's. Last month, European Union Commissioner Thierry Breton tweeted that everyone should all stream video in lower-quality standard definition in order to "secure Internet access for all." In response, Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX), and Google's YouTube all announced plans to reduce their video streaming quality in Europe, the author notes. The good news is that U.S. networks are handling the traffic spikes without any major hiccups, with Comcast (CMCSA), the largest U.S. internet service provider, saying that its network is working well, with tests done 700,000 times a day through customer modems showing average speeds running 110% to 115% of contracted rates. AT&T (T), the No. 2 U.S. internet service provider, likewise asserts that its network is performing "very well" during the pandemic, Savitz adds, while Verizon (VZ) also saying its network is handling the traffic well. Reference Link

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Periodicals
Google, Facebook can't save advertising industry this time, Barron's says » 09:21
04/04/20
04/04
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GOOGL

Alphabet Class A

$1,092.51 /

-24.78 (-2.22%)

, GOOG

Alphabet

$1,097.93 /

-25.87 (-2.30%)

, TWTR

Twitter

$23.08 /

+0.07 (+0.30%)

, FB

Facebook

$154.19 /

-3.92 (-2.48%)

Across the media…

Across the media landscape, advertising is disappearing, one more casualty of the global economic shutdown, and new technology won't be a savior as this is an equal-opportunity problem across print, TV, digital, radio, and outdoor advertising, Eric Savitz writes in this week's edition of Barron's. Even the most prominent ad buyers lack reasons, and often the means, to buy ads, the author notes, while many of the small and medium-size businesses that buy online ads are struggling to stay solvent. Both Facebook (FB) and Twitter (TWTR) have already warned that they will take a hit from the downturn, and Alphabet's Google (GOOGL) no doubt is seeing the same effects, but so far hasn't discussed the matter, the publication adds. Reference Link

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On The Fly
Week in Review: How Trump's policies moved stocks » 07:29
04/04/20
04/04
07:29
04/04/20
07:29
XOM

Exxon Mobil

$39.20 /

-1.19 (-2.95%)

, CVX

Chevron

$75.15 /

-1.07 (-1.40%)

, NBL

Noble Energy

$6.17 /

-0.12 (-1.91%)

, XEC

Cimarex Energy

$16.85 /

+0.4 (+2.43%)

, FANG

Diamondback Energy

$31.58 /

+2.53 (+8.71%)

, RDS.A

Royal Dutch Shell

$36.24 /

-2.78 (-7.12%)

, RDS.B

Royal Dutch Shell

$34.42 /

-2.36 (-6.42%)

, DVN

Devon Energy

$8.38 /

+0.59 (+7.57%)

, BP

BP

$24.72 /

-1.32 (-5.07%)

, COP

ConocoPhillips

$32.90 /

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, MRO

Marathon Oil

$3.65 /

+0.195 (+5.65%)

, BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, WFC

Wells Fargo

$26.23 /

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, C

Citi

$37.48 /

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, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, MMM

3M

$133.90 /

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, VMC

Vulcan Materials

$99.66 /

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, EXP

Eagle Materials

$49.80 /

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, GVA

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$14.13 /

-1.4 (-9.01%)

, NUE

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$35.63 /

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, PWR

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$30.56 /

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, J

Jacobs

$78.99 /

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, MLM

Martin Marietta

$169.65 /

-11.07 (-6.13%)

, DDAIF

Daimler AG

$0.00 /

+ (+0.00%)

, FCAU

Fiat Chrysler

$6.73 /

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, F

Ford

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, GM

General Motors

$18.03 /

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, HMC

Honda

$19.85 /

-1.05 (-5.02%)

, NSANY

Nissan

$0.00 /

+ (+0.00%)

, TSLA

Tesla

$479.71 /

+25.715 (+5.66%)

, TM

Toyota

$115.08 /

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, VWAGY

Volkswagen

$0.00 /

+ (+0.00%)

Catch up on the top…

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Conference/Events
Roth Capital biotech analysts to hold an analyst/industry conference call » 04:55
04/04/20
04/04
04:55
04/04/20
04:55

Biotech Analysts, along…

Biotech Analysts, along with Dr. Juan Frias, discuss Non-Alcoholic SteatoHepatitis (NASH) on an Analyst/Industry conference call to be held on April 3 at 12 pm.

Periodicals
Bayer terminated Roundup weedkiller draft settlement, WSJ reports » 18:41
04/03/20
04/03
18:41
04/03/20
18:41
BAYRY

Bayer

$0.00 /

+ (+0.00%)

Bayer extended talks on…

Bayer extended talks on the settlement through April, WSJ reports.

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