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Central Garden & Pet(CENT) - 2024 Q4 - Earnings Call Transcript
2024-11-26 01:02
Central Garden & Pet Company (NASDAQ:CENT) Q4 2024 Earnings Conference Call November 25, 2024 4:30 PM ET Company Participants Friederike Edelmann - Vice President, Investor Relations Niko Lahanas - Chief Executive Officer Brad Smith - Chief Financial Officer John Hanson - President, Pet Consumer Products J. D. Walker - President, Garden Consumer Products Conference Call Participants Bill Chappell - Truist Securities Brad Thomas - KeyBanc Capital Markets Jim Chartier - Monness, Crespi and Hardt Bob Labick - ...
GreenTree(GHG) - 2024 Q3 - Earnings Call Transcript
2024-11-25 20:24
GreenTree Hospitality Group Ltd. (NYSE:GHG) Q3 2024 Results Conference Call November 21, 2024 8:00 AM ET Company Participants Rene Vanguestaine - IR Alex Xu - Chairman and CEO Selina Yang - Chief Financial Officer Conference Call Participants Betty Du - UBS Lewen Liu - China Securities Operator Good day and welcome to the GreenTree Hospitality Group Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please note today's event is being recorded. I would now like to turn the conferen ...
Alarum Technologies .(ALAR) - 2024 Q3 - Earnings Call Transcript
2024-11-25 15:31
Alarum Technologies Ltd. (NASDAQ:ALAR) Q3 2024 Earnings Conference Call November 25, 2024 8:30 AM ET Company Participants Shachar Daniel - Chief Executive Officer Shai Avnit - Chief Financial Officer Conference Call Participants Kingsley Crane - Canaccord Genuity Brian Kinstlinger - Alliance Global Partners Mike Killian - Shore Equity Group Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Alarum Technologies Third Quarter 2024 Corporate Update Conference Call. During today' ...
Eco Wave Power AB (publ)(WAVE) - 2024 Q3 - Earnings Call Transcript
2024-11-25 14:52
Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Q3 2024 Earnings Conference Call November 25, 2024 9:00 AM ET Company Participants Aharon Yehuda - CFO Inna Braverman - CEO Conference Call Participants Operator Good morning, and welcome to the Eco Wave Power Third Quarter 2024 Earnings Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to your host, Aharon Yehuda, CFO at Eco Wave. The floor is yours. Aharon Yehuda Thank you for the introduction and ...
Beverage(TBVPY) - 2024 Q4 - Earnings Call Transcript
2024-11-23 07:05
Thai Beverage Public Company Limited (OTCPK:TBVPF) Q4 2024 Earnings Conference Call November 21, 2024 6:30 AM ET Company Participants Namfon Aungsutornrungsi - Head of IR Lester Tan Teck Chuan - Chief Beer Business, Thailand Prapakon Thongtheppairot - Group CFO Kosit Suksingha - President & Group COO, Chief Digital & Tech, Beverages Product Grp-Thai and EVP Michael Lau Hwai Keong - Director Ueychai Tantha-Obhas - Director Conference Call Participants Llelleythan Tan - UOB Kay Hian Research Zheng Feng Chee - ...
Global Blue AG(GB) - 2025 Q2 - Earnings Call Transcript
2024-11-22 21:39
Global Blue Group Holding AG (NYSE:GB) Q2 2025 Earnings Conference Call November 22, 2024 8:00 AM ET Company Participants Jacques Stern - Chief Executive Officer Roxane Dufour - Chief Financial Officer Jacques Stern Good morning, good afternoon, everyone. I am Jacques Stern, the CEO of Global Blue, and I am today with Roxane Dufour, the CFO of Global Blue, and we will present you the H1 figures. Let me first start by the key takeaway of this first half. So, very strong delivery. H1 revenue has shown a 20% i ...
Sonova(SONVY) - 2025 Q2 - Earnings Call Transcript
2024-11-22 21:00
Sonova Holding AG (OTCPK:SONVF) Q2 2025 Earnings Conference Call November 19, 2024 7:00 AM ET Company Participants Arnd Kaldowski - CEO Birgit Conix - CFO Thomas Bernhardsgrutter - Senior Director, IR Conference Call Participants Hassan Al-Wakeel - Barclays Julien Ouaddour - Bank of America Hugo Solvet - BNP Paribas Maja Pataki - Kepler Cheuvreux Graham Doyle - UBS Robert Davies - Morgan Stanley Oliver Metzger - ODDO Giang Nguyen - Citi David Adlington - JPMorgan Urs Kunz - Research Partners Falko Friedrich ...
Yunji(YJ) - 2024 Q3 - Earnings Call Transcript
2024-11-22 18:29
Yunji Inc. (NASDAQ:YJ) Q3 2024 Earnings Conference Call November 21, 2024 6:30 AM ET Company Participants Kaye Liu - Investor Relations Director Shanglue Xiao - Chairman & Chief Executive Officer Yeqing Cui - Senior Financial Director Conference Call Participants Ethan Yu - First Trust Operator Good evening, ladies and gentlemen. Thank you for standing by, and welcome to Yunji's Third Quarter 2024 Earnings Conference Call. With us today are Ms. Shanglue Xiao, Chairman and Chief Executive Officer; Mr. Yeqing ...
Matthews International(MATW) - 2024 Q4 - Earnings Call Transcript
2024-11-22 16:26
Matthews International Corporation (NASDAQ:MATW) Q4 2024 Earnings Conference Call November 22, 2024 9:00 AM ET Company Participants Bill Wilson - Senior Director-Corporate Development Joe Bartolacci - President and CEO Steve Nicola - CFO Conference Call Participants Daniel Moore - CJS Securities Liam Burke - B. Riley Securities Justin Bergner - Gabelli Colin Rusch - Oppenheimer Operator Greetings, and welcome to the Matthews International Fourth Quarter and Year-End Fiscal 2024 Financial Results. At this ti ...
Destination XL (DXLG) - 2024 Q3 - Earnings Call Transcript
2024-11-22 16:16
Financial Data and Key Metrics - Net sales for Q3 2024 were $107.5 million, down from $119.2 million in Q3 2023, primarily due to an 11.3% decrease in comparable sales [58][59] - Comparable sales declined 11.3% for the quarter, with stores down 9.9% and direct sales down 14.7% [15] - Gross margin for Q3 was 45.1%, down 240 basis points from 47.5% in Q3 2023, largely due to increased store occupancy costs [63][65] - Adjusted EBITDA for Q3 was 1% of sales, compared to 7.3% in Q3 2023, with full-year adjusted EBITDA margin expected to be around 4.5% [71] Business Line Performance - Sportswear accounted for approximately 76% of sales, tailored clothing 20%, and footwear 4% [25] - Sales mix shifted towards private label and lower-priced brands, with private brands gaining over a full percentage point in sales mix [24] - New stores opened in Q3 included locations in Phoenix and Houston, bringing the total to seven new stores since the beginning of 2023, with four more planned by year-end [26][27] Market Performance - Sales in November continued to show low to mid-teens negative comps, reflecting ongoing softness in big and tall consumer demand [14] - The company observed a shift in consumer behavior towards lower-priced goods and promotions, with customers gravitating towards entry-level and private brands [11][12] - Despite the challenging environment, the company believes it is gaining share of wallet from other big and tall retailers [13] Strategic Direction and Industry Competition - The company is focusing on long-term strategic initiatives, including a new loyalty program, a revamped e-commerce platform, and customer segmentation to drive growth [32][39][43] - A new price match guarantee was introduced to remain competitive with national brands offering richer discounts [25] - The company is monitoring the impact of GLP-1 weight loss drugs on its customer base, with no significant impact observed yet [54][57] Management Commentary on Operating Environment and Outlook - Management acknowledged ongoing macroeconomic challenges, with consumers holding tight to their wallets and prioritizing value-driven purchases [10][60] - The company expects Q4 comp sales to improve to mid-single-digit declines, driven by better year-over-year comparisons and strategic promotions [61][87] - Management remains optimistic about future growth, citing new initiatives, a new e-commerce platform, and potential improvements in consumer sentiment [30][31] Other Key Information - Inventory levels at the end of Q3 were $89.1 million, down 10.7% from $99.9 million in Q3 2023, reflecting disciplined inventory management [21][64] - The company repurchased 3.6 million shares for $10.2 million in Q3, with $4.8 million remaining under its share repurchase program [77] - Free cash flow before store development costs was $2.5 million year-to-date, with a focus on balancing long-term returns and short-term fiscal responsibility [78] Q&A Session Summary Question: Implied Q4 guidance and promotional strategy - The company expects Q4 comp sales to improve to mid-single-digit declines, driven by better year-over-year comparisons and strategic promotions [86][87] - Promotions are largely baked into guidance, with some flexibility for unplanned opportunities like weather-driven sales [89][90] Question: Competitive dynamics with national brands - The company introduced a price match guarantee to remain competitive with national brands offering richer discounts [90][91] - Relationships with national brands vary, with some offering vendor allowances or guaranteed margins, while others are promoting heavily to move inventory [90] Question: Market share and competitive positioning - The company believes it is gaining share of wallet from other big and tall retailers, based on aggregated anonymous data and credit card information [92][93] - The company's assortment is focused on moderate to upper-moderate price points, with limited direct competition from lower-end retailers [93] Question: Product margins and assortment strategy - Lower-priced private brands have higher margins, making the shift towards these products beneficial for profitability [99] - The company plans to introduce new national brands in spring 2025 to address lower price points while maintaining its core assortment [99] Question: Brand awareness and advertising results - Brand awareness metrics showed modest improvements in Q2, but the company has pulled back on national brand campaigns due to challenging ROAS [100] - A new video campaign will be launched on streaming platforms to drive awareness, with hopes of going viral [100] Question: SG&A and store hours - SG&A expenses decreased by $600,000 in Q3, primarily due to reduced advertising costs [68] - Store hours will see minimal extensions during the holiday season, as extended hours have not shown significant incremental sales [103]