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UniFirst honors Aldo Croatti's legacy through a people-first lens at 24th annual Founder's Day
Prnewswire· 2025-07-23 10:52
Core Values and Leadership - UniFirst Corporation celebrated its 24th annual Founder's Day with a focus on its founding Core Values: Customer Focus, Commitment to Quality, and Respect for Others, which are central to its people-first strategy [1][3] - The event featured a leadership panel discussion moderated by Catalina Dongo, Senior Vice President of Human Resources, with top executives discussing the importance of these Core Values in the company's success and growth [3] Recognition and Awards - The inaugural Cynthia Croatti Leadership Award was introduced to honor leaders who exemplify vision, passion, and purpose, with Cynthia Croatti being the first recipient for her significant contributions over the past 40 years [4][5] - Founder's Day also included the annual Employee of the Year (EOY) recognition, celebrating outstanding Team Partners who demonstrate commitment to the company's values, with recipients receiving plaques, gifts, and a bonus paid day off [5][6] Educational Support - UniFirst announced the recipients of its higher-education scholarships, including the Aldo Croatti Scholarship for children of Team Partners and the Ronald D. Croatti Scholarship for full-time Team Partners pursuing further education, reflecting the company's commitment to investing in its workforce [6] Company Overview - UniFirst Corporation, headquartered in Wilmington, Massachusetts, is a leader in providing uniform and workwear programs, facility service products, and first aid and safety services across North America, with over 270 service locations and more than 16,000 employees [8]
Superior Group of Companies to Announce Second Quarter 2025 Results
Globenewswire· 2025-07-22 20:05
ST. PETERSBURG, Fla., July 22, 2025 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC) (the “Company”) today announced that it will release the results of its operations for the second quarter 2025 after the market close on Tuesday, August 5, 2025. Michael Benstock, Chairman, President and Chief Executive Officer, and Mike Koempel, Chief Financial Officer, will host a teleconference at 5:00 pm Eastern Time that day to discuss the Company’s results. The live webcast and archived replay can b ...
FOSL Upgraded to Outperform Amid Turnaround Plan, Margin Gains
ZACKS· 2025-07-22 18:35
Fossil Group, Inc. (FOSL) has been upgraded to an “Outperform” rating from “Neutral.” The upgrade signals growing optimism around the company’s transformation efforts and its potential to return to profitable growth. As Fossil embarks on a bold turnaround strategy and sharpens its market focus, the recent developments indicate a meaningful shift in direction.A Turnaround Strategy With Visible TractionAt the heart of Fossil’s upward momentum is a structured and focused turnaround plan. The company is concent ...
X @Bloomberg
Bloomberg· 2025-07-22 17:15
HPS and Arcmont provided €25 million ($29.3 million) of fresh funding to ailing Italian sportswear maker Dainese as part of broader negotiations that could see the private-credit funds take over the business https://t.co/L99PHJx4GA ...
Stanley Black & Decker (SWK) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
ZACKS· 2025-07-22 15:07
The market expects Stanley Black & Decker (SWK) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are b ...
Top Ancillary Cannabis Stocks to Watch in July 2025
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-07-20 14:00
Industry Overview - The cannabis industry is projected to exceed $45 billion by 2025, with strong growth expected over the next five years as demand for accessories and digital services increases [1][4] - Ancillary sectors such as technology, packaging, and paraphernalia are becoming essential, providing support without directly handling cannabis [1][4] Legislative Environment - Momentum for cannabis legalization is building, with new bills being introduced in key states and some regions expanding medical access or softening penalties [2] - Federal reform remains slow, causing fluctuations in cannabis stocks in response to news events [2] Investment Opportunities - Ancillary cannabis companies are seen as a smart investment for exposure to the cannabis sector without the legal risks associated with growers or dispensaries [1][4] - Key ancillary stocks to monitor include Leafly Holdings Inc. (LFLY), WM Technology Inc. (MAPS), and Greenlane Holdings Inc. (GNLN) [4][6] Company Profiles Leafly Holdings Inc. (LFLY) - Leafly is a leading online cannabis marketplace, serving millions of users and listing inventory from over 10,000 licensed dispensaries [5][7] - The company is facing financial strain, having shifted to over-the-counter trading, with anticipated Q1 2025 revenue around $8.5 million [7] - Leafly's primary revenue source is advertising, but operational losses are a concern, necessitating improved monetization and cost management [7] WM Technology Inc. (MAPS) - WM Technology, known as Weedmaps, connects consumers with licensed retailers and provides digital tools for over 5,000 cannabis businesses [8] - In Q1 2025, Weedmaps reported revenue of $44.6 million, maintaining positive adjusted operating income of $2.6 million, indicating financial stability [8] - The company is focusing on improving platform features and retaining long-term clients, despite a slowdown in new customer growth [8] Greenlane Holdings Inc. (GNLN) - Greenlane is a supplier of cannabis accessories and packaging, specializing in vaporizers and safety packaging, with operations across North America and abroad [9] - The company raised $25 million through a private placement in February 2025 and executed a 1-for-750 reverse stock split to meet Nasdaq standards [11] - Greenlane is undergoing restructuring efforts to stabilize and return to profitability, with revenue figures for Q1 yet to be disclosed [11] Market Sentiment - Ancillary cannabis companies are viewed as strong entry points for investors seeking exposure without direct investment in cultivation or retail [12] - Each company presents unique advantages and challenges, with July 2025 being a critical time to monitor their progress and consider investment opportunities [12]
Snap-on Analysts Boost Their Forecasts After Better-Than-Expected Q2 Earnings
Benzinga· 2025-07-18 13:25
Snap-On Inc. SNA reported better-than-expected second-quarter 2025 results, surpassing both revenue and earnings consensus estimates on Thursday.Quarterly net sales reached $1.179 billion flat year-over-year increase and above the consensus estimate of $1.16 billion. EPS for the quarter was $4.72, down from $5.07 YoY, above the consensus of $4.67.“We’re encouraged by our second quarter results, from the return of sales growth in the U.S. Tools Group to the resilient gross margins and solid operating earning ...
Packaging Corp Stock Set to Report Q2 Earnings: What to Expect?
ZACKS· 2025-07-17 18:36
Core Insights - Packaging Corporation of America (PKG) is expected to report second-quarter 2025 results on July 23, with projected revenues of $2.16 billion, reflecting a 4.1% year-over-year growth [1] - The consensus estimate for earnings per share (EPS) is $2.44, indicating a 10.9% increase from the previous year [2] Revenue and Earnings Estimates - The Zacks Consensus Estimate for PKG's second-quarter revenues is $2.16 billion, showing a 4.1% growth compared to the same quarter last year [1] - The earnings estimate has increased by 0.4% over the past 60 days, with the current EPS estimate at $2.44 [2] - The Packaging segment is expected to generate revenues of $1.99 billion, representing a 4.2% increase year-over-year [7] Performance Metrics - PKG's earnings surprise history shows that the company has beaten the Zacks Consensus Estimates in three of the last four quarters, with an average surprise of 3.4% [3][4] - The company is projected to see a 2.7% increase in packaging volume, while the Paper segment is expected to experience a 6.9% decline in revenues [6][8] Segment Analysis - The Paper segment is anticipated to report revenues of $140 million, down 6.9% year-over-year, but with a significant 75% increase in operating income to $46 million due to better pricing and mix [8] - The Packaging segment's operating income is estimated to be $291 million, reflecting a 4% growth from the prior year [7] Stock Performance - Over the past year, PKG shares have increased by 7.7%, outperforming the industry average decline of 7.1% [9]
Can Category Expansion Help lululemon Escape Athleisure Saturation?
ZACKS· 2025-07-17 17:46
Key Takeaways LULU saw just 1% comps growth and 2% U.S. revenue growth in 1Q25 amid domestic market saturation. New product lines like Daydrift and BeCalm aim to broaden appeal across yoga, run, train, golf and tennis. International sales rose 22% in China and 17% in the rest of the world, showing growth outside North America.As the U.S. athleisure market shows signs of maturity, lululemon athletica inc. (LULU) is betting big on category expansion to reinvigorate growth. Despite reporting just 1% comparab ...
Snap-on Q2 Earnings & Sales Beat Estimates, Tools Group Rebounds
ZACKS· 2025-07-17 17:25
Core Insights - Snap-on Inc. reported second-quarter 2025 results with earnings and revenues exceeding Zacks Consensus Estimates, although earnings declined 3.9% year-over-year and revenues remained flat compared to the prior year [1][3]. Financial Performance - Earnings per share were $4.72, surpassing the Zacks Consensus Estimate of $4.61, but down from $4.91 in the same quarter last year [3]. - Net sales reached $1.179 billion, flat year-over-year, and exceeded the Zacks Consensus Estimate of $1.154 billion, with an organic sales decline of 0.7% offset by favorable foreign currency translation [3]. - Gross profit was $595.5 million, a decrease of 0.3% year-over-year, with a gross margin of 50.5%, down 10 basis points from the previous year [4]. - Operating earnings before financial services totaled $259.1 million, down 7.6% year-over-year, with operating earnings as a percentage of sales contracting to 22% [5]. - Consolidated operating earnings, including financial services, were $327.3 million, down 6.6% year-over-year, with operating earnings as a percentage of sales contracting to 25.5% [6]. Segment Analysis - Sales in the Commercial & Industrial Group decreased 6.5% year-over-year to $347.8 million, primarily due to weaker performance in Asia Pacific and Europe [7]. - The Tools Group segment saw sales increase by 1.9% year-over-year to $491 million, driven by stronger demand in the U.S. [8]. - Sales in the Repair Systems & Information Group improved 3% year-over-year to $468.6 million, supported by increased activity with OEM dealerships [9]. - The Financial Services business reported a revenue increase of 1.2% year-over-year to $101.7 million [10]. Financial Position - As of the end of the second quarter 2025, Snap-on had cash and cash equivalents of $1.46 billion and shareholders' equity of $5.7 billion [11]. - The company anticipates capital expenditures of $100 million for the full year 2025 [11]. Future Outlook - Management expects resilience in markets and operations against uncertainties, aiming to advance core growth strategies and expand into new markets and industries [12]. - The effective tax rate is projected to be between 22-23% for 2025 [12].