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ME Group reports interim six month results; sales up 6% Earnings reports 

ME Group reports interim six month results; sales up 6%

ME Group International plc, the instant-service equipment group formerly known as Photo Me International,  announces its results for the six months ended 30 April 2024. The company reported revenue up 4.6% to £150.4 million, EBITDA1 up 11.1% to £51.2 million, and profit before tax up 10.3% to £30.0 million, driven by growth in core laundry and photobooth operations, despite foreign... Read More
Moonpig reports 6% revenue growth Earnings reports News 

Moonpig reports 6% revenue growth

Moonpig Group plc announced all-around improved results for the fiscal year ended April 30, 2024. The company said it delivered revenue growth of 6.6% to £341.1 million driven by strong performance at the Moonpig brand. In its report, the company said organic revenue growth accelerated through the year, underpinned by the Moonpig brand, which grew revenue by 8.2% through growth... Read More
S&P upgrades Shutterfly credit rating from negative to developing Earnings reports News 

S&P upgrades Shutterfly credit rating from negative to developing

S&P Global Ratings today upgraded the credit rating for Photo Holdings LLC (Shutterfly LLC) from negative to developing, based on the improving fortunes of North America’s largest personalized photo printing company. The company outperformed Shutterfly’s 2023 expectations by improving cash flow to $82 million, compared to a $31 million deficit the year before. In a press release, S&P stated: As... Read More
Adobe reports record second-quarter revenue Earnings reports News 

Adobe reports record second-quarter revenue

Adobe reported financial results for its second quarter fiscal year 2024 ended May 31, 2024. “Adobe achieved record revenue of $5.31 billion driven by strong growth across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, chair and CEO, Adobe. “Our highly differentiated approach to AI and innovative product delivery are attracting an expanding universe of customers and providing... Read More
ME Group on track for record perfomance; photo booths up 2.4% Earnings reports News 

ME Group on track for record perfomance; photo booths up 2.4%

ME Group International plc, the instant-service equipment group, announced an update on the group’s trading for the six months ended 30 April 2024. Positive trading momentum continued throughout H1 2024 compared with the six months ended 30 April 2023, with group revenue up 4.6% (up 8.6% excluding foreign exchange impact) and profit before tax up 10.3% (up 13.6%, excluding foreign... Read More
Best Buy reports first-quarter revenues down 6% Earnings reports News 

Best Buy reports first-quarter revenues down 6%

Best Buy Co., Inc announced results for the 13-week first quarter ended May 4, 2024, as compared to the 13-week first quarter ended April 29, 2023. Domestic revenue of $8.20 billion decreased 6.8% versus last year primarily driven by a comparable sales decline of 6.3%. From a merchandising perspective, the largest drivers of the comparable sales decline on a weighted... Read More
Kodak reports level earnings on 10 percent sales decline in first quarter Earnings reports 

Kodak reports level earnings on 10 percent sales decline in first quarter

Eastman Kodak Co., reported first-quarter consolidated revenues of $249 million, compared with $278 million for Q1 2023, a decrease of $29 million or 10 percent. The company reported gross profit of $49 million, compared with $50 million for Q1 2023, a decrease of $1 million or 2 percent, and  GAAP net income of $32 million, compared with net income of... Read More
Fujifilm reports 3.6% increase in annual revenues Earnings reports News 

Fujifilm reports 3.6% increase in annual revenues

FUJIFILM Holdings Corp., announced, in the fiscal year ended March 31, 2024, revenue increased by 3.6% year-over-year to JPY2,960.9 billion, mainly due to strong sales in the Medical Systems and Imaging businesses and the impact of exchange rates. Thanks to revenue growth and the impact of exchange rates, operating income amounted to JPY276.7 billion, an increase of 1.3% year-over-year. Net... Read More
Kornit Digital reports first quarter 2024 results Earnings reports News 

Kornit Digital reports first quarter 2024 results

Textile printing equipment maker Kornit Digital Ltd.a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, reported today its results for the first quarter ended March 31, 2024. “Despite enduring macroeconomic challenges, we saw success with the strategic initiatives we implemented in Q4 and early this quarter.” said Ronen Samuel, Kornit’s Chief Executive Officer. “Our pipeline for... Read More
Claranova reports third-quarter revenue growth Earnings reports 

Claranova reports third-quarter revenue growth

PlanetArt parent company Claranova reported a nine-month turnover in 2023-2024 of €395 million. “Claranova continues its recovery, with turnover increasing by +2% in the third quarter,” said Eric Gareau, Managing Director of Claranova. “This growth dynamic is driven by both a robust performance from Avanquest and myDevices, while PlanetArt continues to improve the effectiveness of its marketing investments. The efforts... Read More
Snap reports reports first quarter revenue up 21% Earnings reports 

Snap reports reports first quarter revenue up 21%

Snap Inc. announced financial results for the quarter ended March 31, 2024. The company’s revenue was $1,195 million, compared to $989 million in the prior year, an increase of 21% year-over-year. The net loss was $305 million, compared to $329 million in the prior year. “The value we provide our community and advertising partners has translated into improved financial performance,”... Read More
European photo buying group Ringfoto has a record year in 2023 Earnings reports 

European photo buying group Ringfoto has a record year in 2023

European imaging news site Foto-Contact reports the largest European buying group Ringfoto GmbH & Co. KG also sold more cameras, video products, lenses, video accessories, drones, and photo books in 2023, achieving record results, based on the group’s announcement at the start of this year’s roadshow. While the average price of cameras, according to GfK, rose again by almost 10... Read More