Bluestem Group Inc. Reschedules First Quarter Fiscal 2018 Earnings Results Announcement to June 20, 2018
Bluestem Group Inc. (“Bluestem” or the “Company”) (OTCMKTS: BGRP) today announced that it will release its first quarter fiscal 2018 financial results on Wednesday, June 20, 2018, and host a conference call to discuss these results on Wednesday, June 20, 2018, at 10:00AM ET. The earnings release was originally scheduled for after market-close on Wednesday, June 13, 2018, with a conference call on June 14, 2018 at 9:30AM ET. The Company requires additional time to complete its analysis related to the adoption of the new Accounting Standards Update 2014-09 “Revenue Recognition with Customers” and its impact on advertising amortization and expense. Bluestem Group Inc. remains in compliance with the lender covenants.
The conference call can be accessed at (800) 347-6311 or (323) 794-2094 (International), conference ID # 6005636 and broadcast simultaneously at http://www.bluestem.com/investor-relations. Following completion of the call, a recorded replay of the webcast will be available on Bluestem’s website. To listen to the telephone replay, call toll-free (844) 512-2921 or (412) 317-6671 (International), replay pin # 6005636. The telephone replay will be available at 1:00PM ET June 20, 2018. Additional investor information can be accessed at http://www.bluestem.com/investor-relations.
About Bluestem Group Inc.
Bluestem Group Inc., a holding company headquartered in Eden Prairie, MN, operates multiple direct to consumer retail brands through its subsidiary Bluestem Brands. The Northstar portfolio includes Fingerhut and Gettingon, both of which are national multi-channel retail brands offering a broad selection of name brand and private label merchandise serving low- to middle-income consumers by offering multiple payment plans through revolving credit lines or installment loans. The Orchard portfolio consists of multi-channel brands including Appleseed’s, Bedford Fair, Blair, Draper & Damon’s, Gold Violin, Haband, Norm Thompson, Old Pueblo Traders, Sahalie, Tog Shop and WinterSilks. These brands offer apparel, accessories, and home products for the boomer and senior demographic, generally considered age 50 and over and provide customers with the ability to obtain credit through a third-party private label credit card. For additional information visit the Bluestem Group website at www.bluestem.com.