MONTREAL and SAN FRANCISCO, July 10, 2025 /PRNewswire/ - Coveo (TSX: CVO), the leader in AI-Relevance, delivering best-in-class search and generative experiences that maximize business outcomes at every point-of-experience, today announced that it will release financial results for its fiscal first quarter 2026 ended June 30, 2025 after market close on Thursday, July 31, 2025. Coveo will host a conference call that day at 5:00 pm Eastern Time to discuss the results. The call will be hosted by Louis Têtu, Ex ...

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HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) (the "Partnership") announced today that its 2024 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/plainsallamerican. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership un ...

Coveo Named a Leader for the Second Consecutive YearMONTREAL and SAN FRANCISCO, June 26, 2025 /PRNewswire/ - Coveo, the leader in AI-Relevance, delivering best-in-class AI-search and generative experiences that maximize business outcomes at every point-of-experience, today announced it has been positioned by Gartner as a Leader, for the second consecutive year, in the Magic Quadrant for Search and Product Discovery1. The evaluation was based on specific criteria that analyzed the company's overall Completen ...

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $249.1 million, a 2% increase from $244.2 million in the same period last year, marking a strong start to the year [15] - Gross margin for the quarter was 30.4%, up 20 basis points from 30.2% a year ago, driven by favorable mix and rate improvements in the Fishing business [16] - SG&A expenses were $95.3 million, or 38.2% of net sales, compared to 38.6% in the prior year, reflecting improved expense discipline [17] - Net loss for Q1 was $21.3 million, or negative $0.56 per diluted share, compared to a net loss of $18.1 million, or negative $0.48 per diluted share in the prior year [17] - Adjusted EBITDA for Q1 was negative $9 million, compared to negative $8.7 million in Q1 2024 [18] Business Line Data and Key Metrics Changes - Firearms unit sales increased nearly 7% year-over-year, significantly outpacing the adjusted NICS data, which declined by 5.4% [7] - Positive sales comps were achieved in most core categories, including firearms, clothing, footwear, and ammunition, which was up 3% [7] - Fishing sales were up 11%, validating the new merchandising strategy with a two-year comp stock growth of 12.3% [8] - E-commerce business posted a positive comp, up 8% over last year, driven by a new digital-first marketing strategy [9] Market Data and Key Metrics Changes - The company captured market share in firearms despite a decline in adjusted NICS, indicating strong performance relative to the industry [7] - The strategic shift to everyday low prices on core ammunition calibers drove a 12% increase in ammo unit sales during the quarter [9] Company Strategy and Development Direction - The company is focused on a turnaround plan to transform Sportsman's Warehouse for sustained profitability and growth, emphasizing inventory precision, local relevance, personal protection, and brand awareness [5][6] - The launch of the Safety Outpost on the website signals a commitment to personal protection, a major growth category [11] - The company aims to reduce total inventory by the end of the year while maintaining the right products in the right stores at the right time [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic plan despite ongoing macroeconomic challenges, highlighting improved comp trends and inventory execution [24] - The company anticipates generating positive free cash flow and using excess cash to reduce debt and strengthen the balance sheet [22][41] - Full year guidance for net sales is expected to range between down 1% to up 3.5% compared to 2024, with adjusted EBITDA projected between $33 million and $45 million [23] Other Important Information - Total inventory at the end of Q1 was $412.3 million, up from $391.6 million in the same period last year, reflecting a strategic decision to pull forward inventory ahead of rising tariffs [18] - The company reduced total active SKUs by approximately 20%, simplifying the assortment and improving inventory terms [20] Q&A Session Summary Question: Can you break down comp trends by month and extend that into May? - Management noted good trends in February, with a strong performance in April, and confirmed that May also showed positive comps [26][28] Question: Is the increase in sales due to foot traffic or inventory assortments? - Management indicated a mixture of better traffic trends, positive transaction trends, and higher basket sizes contributing to the increase [29] Question: Can you clarify the $20 million inventory pull forward? - Management confirmed the strategic decision to pull forward $20 million of inventory to address tariff uncertainties and ensure stock for key seasons [36] Question: Did sales mix negatively impact gross profit margin in Q1? - Management acknowledged that heavy penetration in firearms and ammo impacted gross profit margin but was aligned with their strategy [38] Question: What are the thoughts on debt repayment this year? - Management expressed confidence in generating positive free cash flow and applying excess cash to debt repayment [41] Question: What is the impact of tariffs on the P&L? - Management indicated that the pull forward in inventory would likely mitigate tariff impacts until at least the third quarter [49]

Caleres, FleetPride, and Freedom Furniture Leverage Coveo AI-Search to Personalize Product Discovery and Boost Conversions MONTREAL, LONDON and NEW YORK, May 22, 2025 /PRNewswire/ - Coveo, the leader in AI-Relevance, delivering best-in-class AI-search and generative experiences that maximize business outcomes at every point-of-experience, today announced that leading business-to-consumer and business-to-business brands Caleres, FleetPride, and Freedom Furniture are leveraging its AI-RelevanceTM platform to ...