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Alliance Entertainment Announces New 5-Year $120 Million Credit Facility with Bank of America
Globenewswire· 2025-10-02 12:30
New agreement replaces prior ABL facility, cutting borrowing costs by up to 250 basis pointsPLANTATION, Fla., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT), a premier distributor and omnichannel fulfillment partner to the entertainment and pop culture collectibles industry, supplying more than 340,000 unique SKUs across music, video, video games, licensed merchandise, and exclusive collectibles to over 35,000 retail and e-commerce storefronts, today announced th ...
Los Feliz Flea Returns to Vermont Ave — Grand Opening at OMGC with adidas Originals “Los Angeles” Takeover
Globenewswire· 2025-09-30 14:00
Core Insights - Los Feliz Flea is returning to its original location on Vermont Avenue, marking a significant homecoming for the market and its community [1][4][8] - The Grand Opening is scheduled for October 4, 2025, featuring over 180 vendors offering a variety of goods, including vintage apparel, collectibles, home goods, art, and food [1][8] Event Highlights - A special event featuring adidas Originals Superstar "Los Angeles" will take place at OMGC, showcasing the blend of sneaker culture and local creativity [2][4] - The event will include live DJ sets, a custom lowrider installation, and free customization options for adidas purchases [6][7] - The first 500 customers purchasing adidas products will receive a $15 food voucher, and there will be complimentary food items available [6][7] Market Schedule - Los Feliz Flea will operate at OMGC every 1st, 3rd, and 5th Saturday, and at the Masonic Lodge every 2nd and 4th Saturday, both from 9:00 AM to 3:00 PM [9][10]
GameStop Just Reported a Profit. Does That Make GME Stock a Buy for September 2025?
Yahoo Finance· 2025-09-10 18:40
Core Insights - GameStop (GME) shares increased nearly 8% following a surprise profit in its second financial quarter, with a 22% year-over-year revenue growth to approximately $972 million, primarily driven by strong demand for hardware and collectibles [1][3]. Financial Performance - GameStop reported a revenue increase of 22% year-over-year for fiscal Q2, reaching around $972 million [1]. - The company retains approximately $8.7 billion in cash, providing flexibility for strategic initiatives aimed at long-term growth [4]. Strategic Initiatives - The earnings report indicates that GameStop's strategy of focusing on exclusive video game editions and collectibles is effective, enhancing investor confidence [3]. - GameStop's hybrid retail strategy, which combines digital and physical experiences, is resonating well with consumers, suggesting a potential turnaround for the company [3]. Growth Potential - Successful partnerships with video game publishers for exclusive merchandise could lead to further gains in GME stock [4]. - GameStop's recent investment in Bitcoin, acquiring 4,710 BTC for about $500 million, has resulted in a current value of nearly $529 million, reflecting an unrealized gain of nearly 6% within four months [5][6]. Market Outlook - The positive financial developments and strategic pivots make GME stock attractive for long-term investment, with potential for significant appreciation by 2025 [4][6].
Netflix Consumer Products VP Heads To Funko As CEO
Deadline· 2025-08-13 00:02
Core Insights - Funko has appointed Josh Simon as the new CEO, who has a strong background in entertainment and consumer products, previously working at Netflix, Disney, and Nike [1][5] - Simon's experience includes overseeing global merchandise and live experiences at Netflix, where he managed products for major titles and launched the company's first e-commerce platform [2][4] - Funko aims to leverage Simon's expertise to maximize growth opportunities and expand its business in the pop culture sector [5] Company Overview - Funko is a company focused on fandom and pop culture, with a diverse portfolio that includes brands like Funko, Loungefly, and Mondo, covering vinyl figures, collectibles, fashion accessories, and more [1] - The company is looking to build on its existing fan base and enhance its connection with lifestyle brands [5] Leadership Transition - Josh Simon succeeds interim CEO Mike Lunsford and will also join the board of Funko [4] - Funko's chairman, Charles Denson, expressed confidence in Simon's leadership abilities and his potential to drive the company's growth [5]
Alliance Entertainment Promotes Seven Executives to Senior Vice President Roles
Globenewswire· 2025-08-01 12:30
Core Insights - Alliance Entertainment has promoted seven executives to Senior Vice President roles, emphasizing its commitment to sales growth, operational efficiency, and strategic expansion in the collectibles ecosystem [1][2][3] Group 1: Promotions and Leadership - The promotions reflect the company's strategic focus on innovation, global expansion, and technological advancement, with each new Senior Vice President having played a pivotal role in the company's success [2] - The newly appointed executives are expected to lead the next phase of growth, leveraging their collective experience and institutional knowledge [2][3] Group 2: Individual Contributions - Dean Tabaac, with decades of experience, has transformed AMPED Distribution into a leading music distribution company, driving revenue and profitability growth [4] - Gustavo Bello has expanded the company's reach into over 70 international markets, demonstrating exceptional leadership in global entertainment distribution [5] - Alex Jimenez has established direct relationships with partners in 28 countries, managing tens of thousands of SKUs across global audio and video formats [6] - Ian Ching has led transformative IT initiatives, helping scale the company's infrastructure and capabilities since joining in 2013 [7] - Sandy Marsans has enhanced IT operations and overseen cybersecurity initiatives, modernizing systems and improving operational efficiency [8] - Alia Hussain Baksh has driven financial discipline and supported growth initiatives through her extensive experience in financial operations [9][10] - Tony Timpano provides strategic legal guidance, supporting innovation and compliance within the company [11] Group 3: Strategic Focus and Future Outlook - The company aims to drive margin-accretive growth, scale direct-to-consumer operations, and deliver durable value to shareholders, with a strengthened leadership team in place [12] - Alliance Entertainment is positioned at the center of the collectibles and home entertainment ecosystem, focusing on capital-light growth and expanding exclusive IP access [12][13]
Alliance Entertainment Appoints Amanda Gnecco as Chief Financial Officer
Globenewswire· 2025-07-23 12:30
Core Viewpoint - Alliance Entertainment has promoted Amanda Gnecco to Chief Financial Officer (CFO), effective immediately, reflecting her exceptional leadership and financial expertise [1][3][6] Company Overview - Alliance Entertainment is a premier distributor and fulfillment partner in the entertainment and pop culture collectibles industry, offering over 325,000 unique in-stock SKUs, including more than 57,300 exclusive titles across various media formats [7] - The company serves over 35,000 retail locations and powers e-commerce fulfillment for leading retailers, leveraging decades of operational expertise and exclusive licensing partnerships [7] Leadership Transition - Amanda Gnecco, previously the Chief Accounting Officer, has been instrumental in driving financial strategy and optimizing reporting processes since joining the company in 2018 [2][3] - Gnecco's promotion is seen as a strategic move to strengthen the executive team as the company continues to scale and innovate [6] Responsibilities of the New CFO - As CFO, Gnecco will oversee all financial operations, including strategic planning, investor relations, audit and SEC reporting, debt management, budgeting, and regulatory compliance [4][5] - She aims to enhance transparency with shareholders and support the company's long-term growth initiatives [5]
GameStop Turns a Profit, But Core Business Keeps Shrinking
MarketBeat· 2025-06-12 11:36
Core Insights - GameStop has achieved operating profitability, but its core business continues to decline, raising concerns about the sustainability of its turnaround efforts [2][4][6] - The company is now focused on generating profit from Bitcoin to maintain its operations without eroding shareholder value [3][8] Financial Performance - GameStop reported net revenue of $732.4 million, a nearly 17% decrease compared to the previous year, indicating a sequential decline and worse-than-expected results [4] - The collectibles segment grew by 15%, but this was offset by a 32% decrease in hardware and a 26% decline in software sales [5] - Despite producing profits for the quarter, the reduction in inventory and cash balance suggests that the core business is not as strong as the headline figures imply [6][7] Balance Sheet and Shareholder Value - The company has increased its cash balance, but this has come at the expense of shareholder value, with a 62% rise in share count over the last year [7] - GameStop's previous lack of debt is changing, as it appears to be following a strategy similar to that of other companies that have diluted value and increased debt for Bitcoin positions [8] Analyst Outlook - Analysts maintain a bearish outlook on GameStop, with a single rating of Sell and a price target of $13.50, indicating a potential 50% downside [9][10] - The stock has faced resistance at the $30 level, and there are predictions it could fall to $25 or lower before the next earnings report [12] Market Sentiment - Short interest remains high enough to cap market gains, and institutional ownership is low, providing weak support for the stock [11] - The potential rise in Bitcoin prices could positively impact GameStop shares, with forecasts suggesting Bitcoin could reach $125,000 to $145,000 by the end of the year [13]
Five Below(FIVE) - 2026 Q1 - Earnings Call Transcript
2025-06-04 21:30
Financial Data and Key Metrics Changes - Total sales in Q1 2025 increased by 19.5% to $970.5 million from $811.9 million in Q1 2024 [19] - Comparable sales increased by 7.1%, driven by a 6.2% increase in transactions and a 0.9% increase in ticket size [19] - Adjusted EPS for Q1 2025 was $0.86 compared to $0.60 in Q1 2024 [22] - Adjusted operating income rose to $59.6 million from $38.1 million in the previous year [21] - Adjusted gross profit increased by 246% to $328.4 million, with adjusted gross margin rising by approximately 140 basis points to 33.8% [20] Business Line Data and Key Metrics Changes - The company opened 55 new stores in Q1 2025, compared to 61 in Q1 2024, ending the quarter with 1,826 stores, a 13.8% increase year-over-year [20] - New stores showed productivity at 87%, slightly above the targeted mid-80s range [20] - The focus on product assortment included licensed products for Easter and spring break essentials, contributing to sales growth [10][11] Market Data and Key Metrics Changes - The company reported broad-based outperformance across most product categories, indicating strong customer validation of its market position [8] - Inventory levels at the end of Q1 2025 were approximately $702 million, up from $630 million in Q1 2024, with a 2% decrease in average inventory per store [22] Company Strategy and Development Direction - The company aims to enhance customer experience through a focus on product, value, and store experience, positioning itself as a destination for both kids and parents [5][9] - Plans to mitigate tariff impacts include vendor negotiations, diversification of sourcing, and pricing adjustments, with a goal to reduce reliance on Chinese sourcing by 10 percentage points [13][95] - The company is committed to maintaining a strong in-stock position and improving store experience through increased labor hours and operational efficiencies [11][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategies and the positive momentum observed in sales, while acknowledging macroeconomic uncertainties [33] - The company anticipates total sales for Q2 2025 to be between $975 million and $995 million, reflecting an 18.7% growth at the midpoint compared to Q2 2024 [25] - For the full year, sales guidance has been increased to a range of $4.33 billion to $4.42 billion, with comparable sales expected to rise by 3% to 5% [27] Other Important Information - The CFO announced her departure for personal reasons, with an interim CFO appointed while a national search for a new CFO is underway [15][16] - The company is focused on maintaining a strong cash position, ending Q1 2025 with approximately $624 million in cash and no debt [22] Q&A Session Summary Question: How much of the comp strength is attributed to actions taken by Five Below versus other factors? - Management attributed the sales momentum to the hard work of the teams and effective product selection, storytelling, and improved inventory flow [30][31] Question: Are you seeing new customer acquisition or basket build from existing customers? - The company reported a lift in transactions, with growth in both new and returning customers contributing to the business [37][38] Question: Can you unpack the annual compression in operating margins? - Management indicated that the operating margin compression is primarily due to tariff-related costs and higher incentive compensation, with a focus on maintaining sales guidance [44][50] Question: What is the end goal for reducing reliance on China for sourcing? - The company aims to further reduce sourcing from China while diversifying its vendor base and leveraging global sourcing offices [94][95] Question: How has the de minimis exemption impacted competition? - Management noted that the impact of the de minimis exemption on their business is unclear, but they believe Five Below's unique focus on kids mitigates any significant effects [105]
Alliance Entertainment to Host Third Quarter Fiscal Year 2025 Results Conference Call on May 15 at 4:30 p.m. Eastern Time
GlobeNewswire News Room· 2025-05-08 20:51
Company Overview - Alliance Entertainment Holding Corporation (NASDAQ: AENT) is a leading distributor and fulfillment partner in the entertainment and pop culture collectibles industry, offering over 325,000 unique in-stock SKUs, including more than 57,300 exclusive titles across various formats [4] Upcoming Conference Call - The company will hold a conference call on May 15, 2025, at 4:30 p.m. Eastern Time to discuss its third-quarter results for the period ended March 31, 2025 [1][2] - The call will be hosted by CEO Jeff Walker and CFO Amanda Gnecco, followed by a question-and-answer session [2] - A presentation will accompany the call, available during the webcast or via the investor relations section of the company's website [2] Access Information - To access the conference call, participants can use the toll-free dial-in number 1-877-407-0784 or the international dial-in number 1-201-689-8560, with a conference ID of 13753860 [2] - A live broadcast of the call will be available, along with a replay accessible for three hours after the call concludes, lasting until July 15, 2025 [3] Industry Position - Alliance Entertainment serves over 35,000 retail locations and provides e-commerce fulfillment for leading retailers, leveraging its extensive catalog and operational expertise [4] - The company connects collectors and fans to a wide range of products, franchises, and experiences across different formats and generations [4]