iMedia Brands Announces 2022 Capital Markets Day Monday, February 7, 2022
iMedia Brands, Inc. (NASDAQ: IMBI) is hosting a Capital Markets Day on February 7, 2022, in Eden Prairie, MN, to engage with investors. CEO Tim Peterman will address the company's growth strategy, highlighting a forecasted 20% revenue growth and positive EPS in the latter half of 2022. The event aims to elaborate on how data drives their retail media platform and the company’s three-year revenue and profitability targets.
- Projected revenue growth of 20% for 2022.
- Expecting positive earnings per share in the second half of 2022.
- Clear three-year revenue and profitability targets disclosed.
- None.
MINNEAPOLIS, Jan. 10, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (“iMedia”) (NASDAQ: IMBI) will hold a Capital Markets Day for its investor community at its corporate headquarters in Eden Prairie, MN on Monday, February 7, 2022. The event is scheduled from 10:00 a.m. to 2:00 p.m. Central time.
Presentations will be given by CEO Tim Peterman and members of the company’s senior leadership team. Shaquille O’Neal, an iMedia investor and ShopHQ on-air personality, will host lunch at this event.
“2021 was a transformational year for iMedia,” said Tim Peterman, CEO. “We believe the timing is right to now engage in a deeper discussion with investors to explain why. Explain why data is at the center of our growth strategy. Why our retail media advertising platform will optimize the first party shopping data generated in our entertainment networks and consumer brands. Why we believe our 2022 revenue growth will be 20 plus percent, with positive EPS beginning in the back half of 2022. And, equally important, I will disclose our three-year revenue and profitability targets for our businesses today and why we believe we are on track to achieve each of them.”
For an early look at the Company’s growth strategy, please see the full-motion graphic located on the home page of imediabrands.com.
Attendance is by invitation only. For more information, please email iMedia’s Investor Relations contact noted below.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact, including statements regarding the Company’s expected growth strategy, the Company’s 2022 revenue growth and earnings pers share and the Company’s three-year revenue and profitability targets and its ability to achieve them are forward-looking. The Company often use words such as anticipates, believes, estimates, expects, intends, seeks, predicts, hopes, should, plans, will and similar expressions to identify forward-looking statements. These statements are based on management's current expectations and accordingly are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein due to various important factors, including (but not limited to): variability in consumer preferences, shopping behaviors, spending and debt levels; the general economic and credit environment, including COVID-19; interest rates; seasonal variations in consumer purchasing activities; the ability to achieve the most effective product category mixes to maximize sales and margin objectives; competitive pressures on sales and sales promotions; pricing and gross sales margins; the level of cable and satellite distribution for the Company’s programming and the associated fees or estimated cost savings from contract renegotiations; the Company’s ability to establish and maintain acceptable commercial terms with third-party vendors and other third parties with whom the Company has contractual relationships, and to successfully manage key vendor and shipping relationships and develop key partnerships and proprietary and exclusive brands; the ability to manage operating expenses successfully and the Company’s working capital levels; the ability to remain compliant with the Company’s credit facilities covenants; customer acceptance of the Company’s branding strategy and its repositioning as a video commerce Company; the ability to respond to changes in consumer shopping patterns and preferences, and changes in technology and consumer viewing patterns; changes to the Company’s management and information systems infrastructure; challenges to the Company’s data and information security; changes in governmental or regulatory requirements; including without limitation, regulations of the Federal Communications Commission and Federal Trade Commission, and adverse outcomes from regulatory proceedings; litigation or governmental proceedings affecting the Company’s operations; significant events (including disasters, weather events or events attracting significant television coverage) that either cause an interruption of television coverage or that divert viewership from its programming; disruptions in the Company’s distribution of its network broadcast to customers; the Company’s ability to protect its intellectual property rights; the Company’s ability to obtain and retain key executives and employees; the Company’s ability to manage international operations; the Company’s ability to integrate acquisitions; the Company’s ability to attract new customers and retain existing customers; changes in shipping costs; expenses related to the actions of activist or hostile shareholders; the Company’s ability to offer new or innovative products and customer acceptance of the same; changes in customer viewing habits of television programming; and the risks identified under Item 1A(Risk Factors) in the Company’s most recently filed Form 10-K and any additional risk factors identified in its periodic reports since the date of such Form 10-K. More detailed information about those factors is set forth in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this announcement. The Company is under no obligation (and expressly disclaim any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
About iMedia Brands, Inc.
iMedia Brands, Inc. (NASDAQ: IMBI) is a leading interactive media company capitalizing on the convergence of entertainment, ecommerce, and advertising. The company owns and operates a growing, global portfolio of entertainment, consumer brands and media commerce services businesses that together cross promote and exchange data to optimize the consumer engagement experiences the company creates for advertisers.
Contacts:
Investors:
Ken Cooper
kcooper@imediabrands.com
(952) 943-6119
Media:
press@imediabrands.com
(800) 938-9707
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