Chicken Soup for The Soul Entertainment Inc
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Communication Services : Entertainment | Small Cap Blend
Company profile

Chicken Soup for the Soul Entertainment Inc. is a streaming video-on-demand (VOD) company. The Company operates Crackle Plus, Redbox, a portfolio of ad-supported (AVOD) streaming services and free ad-supported television linear channels (FAST), as well as Screen Media, Halcyon Television, the Chicken Soup for the Soul Television Group, and various affiliates, collectively enable it to acquire, produce, co-produce and distribute content, including its original and exclusive content. Crackle Plus is comprised of curated streaming services, each delivers contents focused on specific themes, such as drama, comedy, horror, paranormal, documentaries and sports. Through its Chicken Soup for the Soul streaming service, the Company offers lifestyle, family, and kid's content. The Company provides AVOD over 150 FAST channels, transactional video on demand (TVOD), and a network of over 34,000 kiosks nationwide, all supported by original film and television production and distribution divisions.

Closing Price
Day's Change
-1.20 (-37.50%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

Hanesbrands stock plunges toward biggest selloff in 15 years after relatively high dividend eliminated, warning of a Q1 loss

10:02 am ET February 2, 2023 (MarketWatch)

Shares of Hanesbrands Inc. (HBI) plummeted 20.7% in morning trading Thursday, putting them on track for the worst one-day performance in nearly 15 years, after the T-shirt and underwear seller eliminated its dividend and warned of a surprise first-quarter loss. The company reported before the opening bell fourth-quarter adjusted profit, which excludes nonrecurring items, of 7 cents a share, down from 44 cents a share, a year ago and below the FactSet consensus of 8 cents, while sales dropped 15.9% to $1.47 billion but was in line with expectations. For the first quarter, the company expects an adjusted per-share loss of 9 cents to 4 cents, compared with the FactSet consensus for earnings per share of 14 cents, as the company expects "muted" consumer demand amid economic uncertainty and margin pressure as it sells through the rest of its higher-cost inventory. Hanesbrands said it was eliminating its dividend, so it can use all of its free cash flow to accelerate the pay down of debt. The company last paid a quarterly dividend of 15 cents a share in November. At current stock prices, the annual dividend rate implied a dividend yield of 8.69%, which is more than 5 times the implied dividend yield for the S&P 500 of 1.64%. The stock, which was on track for the biggest one-day selloff since the record 23.9% plunge on Dec. 11, 2008, has plunged 56.3% over the past 12 months while the S&P 500 has lost 9.6%.

-Tomi Kilgore


(END) Dow Jones Newswires

February 02, 2023 10:02 ET (15:02 GMT)

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