Blackhawk Network Holdings, Inc (HAWK) Message Board

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Technology Stocks : Blackhawk Network Holdings, Inc (HAWK)

HAWK 45.15

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Jun 25 4:00 PM EDT

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From: JakeStraw	4/29/2015 8:59:07 AM
	of 22

Blackhawk Announces First Quarter 2015 Financial Results Adjusted Operating Revenues Up 48% Versus First Quarter 2014 Adjusted Net Income Increases 266% finance.yahoo.com "Our U.S. and international retail segments began the year with good momentum, growing first quarter transaction dollar volume 26% and 29% respectively," commented CEO Bill Tauscher. "In our U.S. retail segment, which accounted for 64% of adjusted operating revenues, adjusted operating revenues grew 33% over last year's first quarter. This reflected strong sales of closed and open loop gift cards. International retail adjusted operating revenues grew 5%, or 19% on a constant currency basis, driven by sales of digital media products. In our incentives and rewards segment transaction dollar volume grew 294% primarily reflecting the acquisition of Parago, or 45% excluding 2014 acquisitions. Incentives and rewards, which generated 22% of worldwide adjusted operating revenues, grew its adjusted operating revenues 279%, or 47% excluding 2014 acquisitions. That brought Company-wide adjusted operating revenues to $164 million for the quarter, a 48% increase over the same period last year."

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