March 23, 1999 |
There aren't many "sure things" in this world, but here's one: To spark a surge in a beaten-down stock, just announce that the company has a new Internet venture. Shares of La Jolla-based Jenny Craig Inc., the "weight management service" company, soared 31% on Monday--making it the second-biggest gainer on the New York Stock Exchange--after the company announced that it redesigned its Web site and that it will sell a new line of nutritional supplements via the site. Jenny Craig stock jumped $1.
September 6, 1990 |
Jenny Craig Inc., the Del Mar-based operator and franchiser of weight-loss centers, Wednesday disputed a British newspaper report that 33 of its centers in the United Kingdom had closed down because of financial problems of the British franchisee running them. In its Tuesday Editions, the Today newspaper reported that 33 Jenny Craig clinics, all situated in the greater London area, "went bust" this week because of "massive debts."
September 6, 1991 |
Jenny Craig Inc., the Del Mar-based chain of weight-loss clinics, plans an initial public stock offering that could raise up to $73.5 million for the company while making Jenny and Sid Craig, the company's husband-and-wife founders, among the richest of Americans. The company said it will sell 3.5-million newly issued common shares at a price of between $19 and $21 per share, according to a registration statement filed Thursday with the Securities and Exchange Commission.
June 6, 2000 |
Major shareholders in Jenny Craig and Jerry's Famous Deli said separately Monday that they want to take their companies private, joining a growing list of investors who are seeking shelter from volatile stock market that has bashed shares in recent months. Shares of Jenny Craig rose nearly 80% on Monday after Chief Executive Sidney Craig and his wife, Jenny, the company's vice-chairwoman, said they would offer to buy the outstanding public stake for $25.6 million.
April 4, 1995 |
Jenny Craig Inc. on Monday agreed to pay $9.5 million to settle a protracted class-action securities lawsuit alleging, among other things, that it misled investors about its business prospects. The Del Mar, Calif.-based weight-loss company said it settled the 3-year-old lawsuit to avoid "the escalating costs of litigation." The company has consistently denied the allegations. Jenny Craig Inc.
January 10, 1989 |
Don Weiner is no stranger to dieting. "I would start a diet every Monday morning, which would last until Monday afternoon," said Weiner, a director for a San Diego sports photography agency. Then one day a photographer snapped Weiner's picture. Weiner didn't like what he saw. After researching several options, he signed up at a Jenny Craig Weight Loss Centre. Why Jenny Craig? "A friend spoke highly of them; I was attracted by their ads, and I liked them financially," he said.
June 21, 1994 |
Jenny Craig Inc. said Monday that it is suspending payment of its quarterly dividend in order to use the funds to market its weight-loss program, raising concerns about the company's immediate prospects. The news drove the company's shares down $1 to $5.50 on the New York Stock Exchange. It had hit an all-time low of $5.25 during the day's trading. In an interview, Chief Executive C. Joseph LaBonte denied suggestions that the Del Mar, Calif.-based company's condition had worsened.
May 22, 1994 |
The surest way to measure losses at Jenny Craig Inc.'s chain of diet centers is not with a scale but a calculator. The diet craze has cooled, and with it the fortunes of a company that grew fat selling Americans on thinness. Beginning in 1985, founders Sid and Jenny Craig built the company into a weight-loss empire with more than 650 centers nationwide. Sales grew tenfold, to $467 million in 1993. Now Jenny Craig is itself on a diet. The Del Mar, Calif.
January 29, 2002 |
A slimmed-down Jenny Craig Inc. agreed Monday to sell itself to a private investment group for $115 million, or $5.30 a share. The price offered by the buyout group, led by New York-based ACI Capital Co., represents a 68% premium over Friday's closing price of $3.15. Sid and Jenny Craig, the husband and wife team who founded the company and control 67% of its shares, will receive $73 million as a result of the transaction.
May 30, 1997 |
After four years of wrangling, Jenny Craig International Inc. settled a federal deceptive-advertising complaint by agreeing to provide more complete information on success rates, health risks and pricing of its weight-loss program. The agreement, announced Thursday by the Federal Trade Commission, is the fourth deceptive-advertising settlement in as many years with some of the nation's most popular weight-loss programs. About 8 million Americans join such diet regimens each year.