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askARK Is It Possible To Model The Price Of Bitcoin If Demand Increases 10x?
ARK Invest· 2025-07-02 18:03
Is it possible to model the price of Bitcoin if demand increases 10x. I would say this is 100% feasible. If we think about the transparency of Bitcoin starting from the supply side, you already have a 21 million supply cap that is that can be 100% verified onchain.You have a hard-coded inflation schedule. So, your supply side is already built on definite information that you can model out. In terms of the demand side, this one I believe will be a lot more dependent on how you choose to grow out your demand ...
X @CoinDesk
CoinDesk· 2025-07-02 17:16
RT CoinDesk Podcast Network (@CoinDeskPodcast)📊 US M2 money supply hits a record $21.94 trillion in May, its fastest growth in nearly three years. Will this fuel inflation and keep Fed rates high?.@jennsanasie brings you "Chart of the Day," presented by @cryptocom. 🔗👇 https://t.co/t9lVKsVUT3 ...
X @Bloomberg
Bloomberg· 2025-07-02 14:48
The world’s largest apparel and footwear companies’ shares jumped after Trump said he reached a trade deal with Vietnam, avoiding a potential supply chain catastrophe across the industry https://t.co/IQsWcJ7rk1 ...
UniFirst(UNF) - 2025 Q3 - Earnings Call Transcript
2025-07-02 14:02
Financial Data and Key Metrics Changes - Consolidated revenues for Q3 fiscal 2025 were $610.8 million, an increase of 1.2% from $603.3 million in the same quarter of fiscal 2024 [6][12] - Consolidated operating income decreased to $48.2 million from $48.5 million, a decline of 0.6% [12] - Net income increased to $39.7 million or $2.13 per diluted share, up from $38.1 million or $2.03 per diluted share [12] - Consolidated adjusted EBITDA increased to $85.8 million from $84.8 million, reflecting a 1.2% increase [12] - Effective tax rate increased to 25.7% compared to 22.9% in the prior year [12] Business Line Data and Key Metrics Changes - Core Laundry operations revenues were $533.2 million, an increase of 0.9% from the previous year [13] - Core Laundry organic growth was 1.1%, adjusting for acquisitions and currency fluctuations [14] - Specialty Garments segment revenues increased to $47.8 million, a 0.5% rise from the prior year [16] - First Aid segment revenues increased to $29.8 million, a 9% increase driven by growth in van operations [17] Market Data and Key Metrics Changes - Customer retention improved compared to Q3 fiscal 2024, but there was softness in customer wearer levels [9] - Direct sales revenues were lower compared to the same quarter last year, impacting overall growth [10][62] Company Strategy and Development Direction - The company is focused on investing in people, technology, and infrastructure to enhance growth and profitability [6][10] - The strategy includes improving operational execution, strategic pricing, procurement sourcing, and inventory management [11] - The company is implementing a new ERP system to enable better operational efficiencies [11][41] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious mood among existing customers regarding investments and employment levels, particularly in manufacturing sectors [21] - The pricing environment remains challenging, with potential impacts from tariffs and vendor cost increases [24][25] - The company maintains its annual revenue guidance between $2.422 billion and $2.432 billion, while increasing diluted earnings per share guidance to $7.60 to $8.00 [18] Other Important Information - The company incurred approximately $5.7 million in advisory and legal costs during the quarter, with some related to prior strategic discussions [15][56] - Cash, cash equivalents, and short-term investments totaled $211.9 million, with no long-term debt [17] Q&A Session Summary Question: Can you unpack organic growth further? - Management noted improvements in new business and customer retention but highlighted softness in wearer levels impacting overall growth [20][21] Question: What insights can you provide on pricing dynamics? - Management indicated a fluid situation with pricing, impacted by inflation recovery and potential tariff effects [24][25] Question: How is the environment for new sales? - Management observed incremental positive momentum in new sales compared to six months ago, but not dramatically different [30] Question: What is the status of key initiatives and cost reductions? - Key initiative costs are primarily related to the ongoing ERP implementation, with costs currently being capitalized [38][41] Question: How are labor costs trending? - Labor costs are stable, with improvements in execution and efficiency noted [52][53] Question: What is the impact of strategic advisory and legal expenses? - The costs were related to prior strategic discussions and ongoing legal matters, with an accrual built for the latter [56]
UniFirst(UNF) - 2025 Q3 - Earnings Call Transcript
2025-07-02 14:00
Financial Data and Key Metrics Changes - Consolidated revenues for Q3 2025 were $610.8 million, an increase of 1.2% from $603.3 million in Q3 2024 [6][12] - Consolidated operating income decreased to $48.2 million from $48.5 million, a decline of 0.6% [12] - Net income increased to $39.7 million or $2.13 per diluted share, up from $38.1 million or $2.03 per diluted share [12] - Consolidated adjusted EBITDA increased to $85.8 million from $84.8 million, reflecting a 1.2% growth [12] - Effective tax rate increased to 25.7% compared to 22.9% in the prior year [12] Business Line Data and Key Metrics Changes - Core Laundry operations revenues were $533.2 million, an increase of 0.9% from the previous year [13] - Core Laundry organic growth was 1.1%, adjusting for acquisitions and currency fluctuations [14] - Specialty Garments segment revenues increased to $47.8 million from $47.6 million, a growth of 0.5% [15] - First Aid segment revenues increased to $29.8 million from $27.3 million, reflecting a 9% growth [17] Market Data and Key Metrics Changes - Customer retention improved compared to Q3 2024, although there was some softness in customer wearer levels [8] - Direct sales revenues were lower compared to the same quarter last year, impacting overall growth [9][66] Company Strategy and Development Direction - The company is focused on enhancing customer experience and operational execution through investments in people, technology, and infrastructure [5][10] - The ongoing ERP project is expected to drive long-term benefits, with current costs being capitalized rather than expensed [41][42] - The company aims to improve strategic pricing, procurement sourcing, and inventory management [10] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious mood among existing customers regarding investments, particularly in manufacturing sectors [21] - The pricing environment remains challenging, with potential future impacts from tariffs on vendor costs [24][45] - The company maintains its annual revenue guidance between $2.422 billion and $2.432 billion, while increasing diluted earnings per share guidance to $7.6 to $8 [18] Other Important Information - The company incurred approximately $5.7 million in advisory and legal costs during the quarter, with some related to prior strategic discussions [17][58] - Cash, cash equivalents, and short-term investments totaled $211.9 million, with no long-term debt [17] Q&A Session Summary Question: Can you unpack organic growth further? - Management characterized the existing customer base as cautious, with some targeted reductions in employment levels impacting growth [21][22] Question: Can you provide insight into pricing dynamics? - Management noted a fluid situation regarding pricing, with companies recovering from high inflation and potential tariff impacts [24][25] Question: How is the new sales environment today? - Management indicated that new sales have shown incremental positive momentum compared to six months ago, but not dramatically different [31] Question: What is the status of key initiatives and cost reductions? - Key initiative costs are primarily related to the ongoing ERP implementation, which is progressing well [40][41] Question: What impact are tariffs expected to have on costs? - Management explained that tariffs could impact garment sourcing costs, but the situation remains fluid [45][47] Question: How are labor costs currently? - Labor costs are stable, with improvements in execution and efficiency noted [55] Question: Can you clarify the strategic advisory and legal expenses? - The costs were related to prior strategic discussions and an ongoing legal matter, with an increased reserve built for the latter [58]
X @Bloomberg
Bloomberg· 2025-07-02 13:05
We're covering how the world feeds itself in a changing economy and climate, from farming to supply chains to consumer trends.Sign up for our Business of Food newsletter, delivered every Friday: https://t.co/WyN9w0ZNZ5Read the latest edition: https://t.co/6WgvZuxStv https://t.co/85Jk1lvUzO ...
X @Bloomberg
Bloomberg· 2025-07-02 12:50
Arabica coffee prices fell to their lowest in seven months as the return of dry weather helps accelerate harvesting in Brazil amid concerns over a weakness in demand. https://t.co/ZMgcnve0Cc ...
Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer
GlobeNewswire News Room· 2025-07-02 12:00
RICHARDSON, Texas, July 02, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025. With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Foss ...
45轮竞价溢价22.42%出让!武昌土拍热度持续升温
Sou Hu Cai Jing· 2025-07-02 11:52
荆楚网(湖北日报网)讯(记者 林琳 通讯员 黄赛、匡晓鹭)6月30日,武昌傅家坡地块以22.42%溢价 成交,7家房企经过45轮竞价,最终厦门建发以122020万元总价竞得。 而早在半年前,这块地还因体量庞大无人问津。这次成功竞拍,得益于武汉市武昌区自然资源和城乡建 设局的一把"手术刀":将傅家坡客运站A、B、C三宗"捆绑地块",精准拆分为住宅与商服独立出让。 这不仅降低了单宗地块的投资门槛,还提高了企业竞买积极性。 "拆分后单块投资门槛直降60%,中小房企也能入场。"厦门建发拿地团队透露。 这场土拍热浪,正是武汉楼市复苏的缩影。 5月数据显示:武汉新建商品住房成交7653套、88.28万平方米,环比暴涨超44%,同比涨幅超26%。 市场暖意,已从交易端蔓延至土地市场。 傅家坡分拆印证了土地供应当随行就市。政府应该像企业一样研究市场、分析市场,拆分地块、调容积 率、配建学区,主动倾听企业意见建议,优化供地项目条件,降低竞买门槛,提振企业拿地意愿。 当54.36%溢价刷新江岸纪录,当22.42%涨幅点燃傅家坡,武汉土地市场宣告:优质资产永不褪色,尊 重市场自有回响。 正如房企竞拍者所言:"傅家坡递来的金钥匙,刻 ...
X @Bloomberg
Bloomberg· 2025-07-02 11:38
Is OPEC's supply surge a precautionary move against rising regional tensions or a market-share grab?, asks @JLeeEnergy https://t.co/5o2YwU59KE ...