DALLAS, March 10, 2023 /PRNewswire/ -- Loyalty Ventures Inc. (NASDAQ:LYLT) (the "Company") and certain of its subsidiaries filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). In addition, earlier today, LoyaltyOne, Co. ("LoyaltyOne"), a subsidiary of the Company, sought protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") with the Ontario Superior Court of Justice (the "Canadian Court"). In

BMO's acquisition would accelerate the future growth of AIR MILES, one of Canada's largest loyalty programsA reinvigorated program would benefit all Canadians collecting AIR MILES, as well as merchants and partners across the countryAIR MILES collectors benefit from rewards at more than 300 leading Canadian, global, and online brands, and at thousands of retail and service locations across the countryTORONTO, March 10, 2023 /CNW/ - BMO (TSX:BMO) (NYSE:BMO) and LoyaltyOne, Co. (LoyaltyOne), a subsidiary of Loyalty Ventures Inc. (LVI) (NASDAQ:LYLT) today announced the signing of a purchase agreement for BMO to acquire LoyaltyOne's AIR MILES Reward Program (AIR MILES) business. For BMO customer

Consistent Performance by AIR MILES in Line with Expectations; Miles Issued Up 2%Recent Contract Extensions With Bank of Montreal, Shell Canada and Metro in OntarioBrandLoyalty's Financial Results Impacted by Shifting Economic Conditions and Consumer Sentiment; Adjusting Campaign Rewards Strategy to Better Align with Consumer Priorities Summary of Financial Results (in millions, except per share data)  Third Quarter 2022Revenue$162.4 Net Loss$(0.1)Diluted Loss Per Share$(0.01)Adjusted EBITDA*$33.1 *See "Reconciliation of Non-GAAP Financial Measures" and "Financial Measures" below for a discussion of non-GAAP financial measures. DALLAS, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Loyalty Ventures In

DALLAS, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Loyalty Ventures Inc. (NASDAQ:LYLT), a leading provider of tech-enabled, data-driven consumer loyalty solutions will release its financial results for the third quarter ended September 30, 2022 on Tuesday, November 8, 2022, before the market open. Loyalty Ventures will host a conference call to discuss its results and business outlook at 7:30 a.m. CT on Tuesday, November 8, 2022. The live webcast of the conference call can be accessed here. In addition, slides will be available at www.loyaltyventures.com at Investor Relations, Events & Presentations immediately prior to the call. If you are unable to attend the conference call, a replay of the we

DALLAS, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Loyalty Ventures Inc. (NASDAQ:LYLT), a leading provider of tech-enabled, data-driven consumer loyalty solutions, today announced that its AIR MILES Reward Program ("AIR MILES") has added high-frequency grocer Pattison Food Group as part of its card linked offers promotion, enabling Collectors to accelerate earning potential while shopping for everyday grocery essentials. Starting September 22, at any of Pattison Food Group's 257 participating grocery retailer locations, AIR MILES Collectors who link any Canadian-issued Mastercard to their AIR MILES account can earn Miles on eligible purchases. AIR MILES and Pattison Food Group are celebrating t

Consistent Performance by AIR MILES in Line with Expectations; Miles Issued Up 8%BrandLoyalty's Financial Results Constrained by Higher Costs & Macroeconomic Headwinds, Contributing to Impairment ChargeInitiatives Underway at AIR MILES and BrandLoyalty to Strengthen Market Leadership Positions and Drive Long Term Growth Summary of Financial Results (in millions, except per share data)  Second Quarter 2022 Revenue$171.8  Net Loss*$(441.9) Diluted Loss Per Share*$(17.95) Adjusted EBITDA**$27.4   *Net Loss and Diluted EPS include approximately $428 million or $(17.32) per share of restructuring and other charges, strategic transaction costs and goodwill impairment **See "Reconcili

DALLAS, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Loyalty Ventures Inc. (NASDAQ:LYLT), a leading provider of tech-enabled, data-driven consumer loyalty solutions will release its financial results for the second quarter ended June 30, 2022 on Thursday, August 11, 2022, after the market close. Loyalty Ventures will host a conference call to discuss its results and business outlook at 4 p.m. CT on Thursday, August 11, 2022. The live webcast of the conference call can be accessed here. In addition, slides will be available at www.loyaltyventures.com at Investor Relations, Events & Presentations immediately prior to the call. If you are unable to attend the conference call, a replay of the webcast w

NEW YORK, June 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: S&P SmallCap 600 constituent Omnicell Inc (NASD: OMCL) will replace Coherent Inc. (NASD: COHR) in the S&P MidCap 400, and Stride Inc (NYSE:LRN) will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent II-VI Inc. (NASD: IIVI) is acquiring Coherent in a deal expected to be completed on July 1, pending final closing conditions.S&P SmallCap 600 constituent Southwestern Energy Co. (NYSE:SWN) will replace CDK Global Inc. (NASD:CDK) in the S&P MidCap 400, and Frontdo

DALLAS, June 8, 2022 /CNW/ - Loyalty Ventures Inc. (NASDAQ:LYLT), a leading provider of tech-enabled, data-driven consumer loyalty solutions, today provided an update on developments at its AIR MILES Reward Program ("AIR MILES"). The Company disclosed that its AIR MILES Reward Program segment and AIR MILES' Sponsor, Sobeys were unable to align on extension terms; consequently, Sobeys provided notice of its intent to exit the program on a region-by-region basis, beginning with Atlantic Canada, between August and the first quarter of 2023. Management is confident in AIR MILES' ability to convert this development into a growth opportunity over the medium-term. Charles Horn, Chief Executive Offi

DALLAS, June 08, 2022 (GLOBE NEWSWIRE) -- Loyalty Ventures Inc. (NASDAQ:LYLT), a leading provider of tech-enabled, data-driven consumer loyalty solutions, today provided an update on developments at its AIR MILES Reward Program ("AIR MILES"). The Company disclosed that its AIR MILES Reward Program segment and AIR MILES' Sponsor, Sobeys were unable to align on extension terms; consequently, Sobeys provided notice of its intent to exit the program on a region-by-region basis, beginning with Atlantic Canada, between August and the first quarter of 2023. Management is confident in AIR MILES' ability to convert this development into a growth opportunity over the medium-term. Charles Horn, Chi

Needham initiated coverage of Loyalty Ventures with a rating of Buy and set a new price target of $16.00

Morgan Stanley initiated coverage of Loyalty Ventures with a rating of Equal-Weight and set a new price target of $26.00

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