Kid Brands, Inc.

KIDBQ

US49375T1007

Toys & Juvenile Products

Market Closed - OTC Markets Other stock markets 09:32:44 2024-05-03 am EDT			5-day change	1st Jan Change
0.0001 ^USD	+9,900.00%		-.--%	-.--%

2022	Mondelez to buy energy bar maker Clif Bar for about $3 billion	RE
2018	Kid Brands, Inc. Bankruptcy Case Dismissed	CI

Kid Brands, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Reports Impairment of Intangibles for the First Quarter Ended March 31, 2014

May 21, 2014 at 06:00 am EDT

Kid Brands, Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales decreased 26.1% to $38.0 million, compared to $51.4 million for the first quarter of 2013. This decrease was primarily the result of sales declines of 61.2% at CoCaLo, 36.5% at Kids Line and 31.0% at LaJobi. These declines were partially offset by an increase in sales of 10.6% at Sassy. The sales declines at CoCaLo, Kids Line, and LaJobi are due to significantly lower sales volume at certain large customers. Net loss was $31.7 million, or $1.44 per diluted share, as compared to a net loss of $1.0 million, or $0.04 per diluted share, for the first quarter of 2013. Non-GAAP adjusted net loss was $4.2 million, or $0.19 per diluted share, as compared to non-GAAP adjusted net income of $0.4 million, or $0.02 per diluted share, for first quarter of 2013. Operating loss was $30.568 million against operating income of $0.574 million a year ago. Loss from operations before income tax provision was $31.698 million against $0.946 million a year ago.

For the first quarter ended March 31, 2014, the company reported impairment of intangibles of $24.060 million.

Latest news about Kid Brands, Inc.

Mondelez to buy energy bar maker Clif Bar for about $3 billion	22-06-20	RE
Kid Brands, Inc. Bankruptcy Case Dismissed	18-01-04	CI
Motion for Case Conversion or Dismissal Filed by US Trustee for Kid Brands, Inc.	17-09-21	CI
Third Motion for Exclusivity Period Extension Approved For Kid Brands, Inc.	15-05-05	CI
Second Motion for Exclusivity Period Extension Approved For Kid Brands, Inc.	15-02-18	CI
Final DIP Financing Approved for Kid Brands, Inc.	15-01-15	CI
The deal has been expired/cancelled through deal cut-off guideline	14-12-30	CI
First Motion for Exclusivity Period Extension Approved For Kid Brands, Inc.	14-11-09	CI
First Motion for Exclusivity Period Extension Filed by Kid Brands, Inc.	14-09-26	CI
Motion for Asset Sale Approved for Kid Brands, Inc.	14-09-08	CI
Motion for Asset Sale Filed by Kid Brands, Inc.	14-09-03	CI
Crown Crafts Infant Products, Inc. cancelled the acquisition of acquire CoCaLo, Inc. and Kids Line, LLC from Kid Brands, Inc. (OTCPK:KIDB.Q).	14-08-29	CI
Brad Sell, former President of CoCaLo and Kids Line, entered into an asset purchase agreement to acquire CoCaLo, Inc. and Kids Line, LLC from Kid Brands, Inc. (OTCPK:KIDB.Q) for $8 million.	14-08-29	CI
Sassy 14, LLC completed the acquisition of Sassy, Inc. from Kid Brands, Inc. (OTCPK:KIDB.Q) for $12.8 million.	14-08-18	CI
Motion for Asset Sale Approved for Kid Brands, Inc.	14-08-12	CI
Bidding Procedure Approved for Kid Brands, Inc.	14-07-31	CI
Sassy 14, LLC entered into an asset purchase agreement to acquire Sassy, Inc. from Kid Brands, Inc. (OTCPK:KIDB.Q) for $14 million.	14-07-28	CI
Motion for Asset Sale Filed by Kid Brands, Inc.	14-07-28	CI
Motion for Asset Sale Filed by Kid Brands, Inc.	14-07-24	CI
Crown Crafts, Inc. entered into an agreement to acquire CoCaLo, Inc. and Kids Line, LLC from Kid Brands, Inc. (OTCPK:KIDB.Q) for $1.4 million.	14-07-24	CI
Motion for Asset Sale Filed by Kid Brands, Inc.	14-07-21	CI
Motion for Joint Administration Approved for Kid Brands, Inc.	14-06-25	CI
Kid Brands, Inc. Announces Resignation of Raphael Benaroya as Chairman, Chief Executive Officer and President	14-06-24	CI
Interim DIP Financing Approved for Kid Brands, Inc.	14-06-20	CI
Motion for Joint Administration Filed by Kid Brands, Inc.	14-06-18	CI

Chart Kid Brands, Inc.

Duration

Period

More charts

Company Profile

Kid Brands, Inc. (Kid Brands) is engaged in the design, development and distribution of infant and juvenile consumer products. The Company operates in one segment: the infant and juvenile business. The Company, through its wholly owned operating subsidiaries: Kids Line, LLC (Kids Line); LaJobi, Inc. (LaJobi); Sassy, Inc. (Sassy), and CoCaLo, Inc. (CoCaLo), designs and markets products in a number of categories including, infant bedding and related nursery accessories and decor, nursery appliances, diaper bags, and bath/spa products (Kids Line and CoCaLo); nursery furniture and related products (LaJobi); and developmental toys and feeding products, and bath and baby care items with features that address the various stages of an infantâs early years, including the Kokopax line of baby gear products (Sassy).

Sector

Toys & Juvenile Products

More about the company