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CEWE to report earnings increase for 2020 fiscal year Earnings reports 

CEWE to report earnings increase for 2020 fiscal year

Oldenburg, Germany-based photo product maker CEWE Stiftung & Co. KGaA anticipates a significant earnings increase when 2020 financial results are reported. Uncertified initial figures CEWE concluding the year with a group turnover increase in the range of around 727 million euros (2019 FY: 720.4 million euros) and EBIT improved more than proportionately to a level of around 79 million euros... Read More
Best Buy reports strong third-quarter results Earnings reports 

Best Buy reports strong third-quarter results

Best Buy Co., Inc. announced third-quarter results showed comparable stores sales were up 23%, compared to the 13-week third quarter ended Nov. 2, 2019. Best Buy’s domestic revenue of $10.85 billion increased 21.0% versus last year., driven by comparable sales growth of 22.6%, which was partially offset by the loss of revenue from permanent store closures in the past year.... Read More
Claranova reports first-quarter growth up 19% Earnings reports 

Claranova reports first-quarter growth up 19%

Paris-based Claranova reported €90 million in revenue for the July-September 2020 quarter, up 19% (excluding Personal Creations and CafePress), maintaining strong growth momentum despite the continuing difficult economic and health conditions, the company said. Growth in Q1 2020-2021 included a negative currency effect of 4% reflecting the euro’s appreciation relative to currencies in North America where the Group has a... Read More
GoPro doubles third-quarter revenue Earnings reports 

GoPro doubles third-quarter revenue

GoPro reports third-quarter 2020 revenue was $281 million, a 109% sequential improvement from $134 million, driven by the HERO9 and a boost in GoPro subscriptions. Net income dropped to $3 million, however, from $31 million last year.  “Thanks to consistent momentum throughout the quarter and the strong launch of HERO9 Black coupled with our GoPro subscription service, in Q3 GoPro achieved... Read More
Xerox reports 19 percent drop in third-quarter revenue Earnings reports 

Xerox reports 19 percent drop in third-quarter revenue

Xerox Holdings Corp. announced its third-quarter 2020 revenue of $1.77 billion, down 18.9 percent year-over-year or 19.7 percent in constant currency and up $302 million from the second quarter. Operating cash flow from continuing operations was $106 million, down $242 million year-over-year and up $72 million from the second quarter. “The flexibility and financial discipline we have built in our... Read More
PlanetArt sees fiscal 2020 revenues climb 78% Earnings reports 

PlanetArt sees fiscal 2020 revenues climb 78%

Claranova, the parent company of PlanetArt, closed fiscal 2020 with record growth. The group cleared the €400 million revenue bar (€409 million), progressing 56%, of which organic growth of 20%, the company said. Claranova’s three-year average annual growth rate is 46% and the group has enjoyed 14 consecutive quarters of growth. This strong growth was achieved while preserving operating profitability... Read More
Kodak reports second-quarter 2020 loss Earnings reports 

Kodak reports second-quarter 2020 loss

Eastman Kodak Co. reported second-quarter 2020 revenues of $213 million and a net loss of $5 million. “Kodak continued to navigate the challenges posed by the pandemic during the second quarter,” said Jim Continenza, Kodak’s Executive Chairman. “Although the print industry slowdown impacted our performance, we continued to serve our customers and furthered our long history of innovation through the... Read More
GoPro announces second-quarter revenues up 12% Earnings reports 

GoPro announces second-quarter revenues up 12%

GoPro, Inc. announced financial results for its second quarter ended June 30, with revenue up 12% of $134 million. Sales from GoPro.com grew to 44%. The company sold 750,000 units. Our strategic shift to a more direct-to-consumer business with lower operating costs is working,” said Nicholas Woodman, GoPro founder and CEO. “Camera sell-through during Q2 demonstrates resilient consumer demand for GoPro and an increasing... Read More
Industry Notes for the week of Aug. 1 Earnings reports Events People on the Move 

Industry Notes for the week of Aug. 1

Retail news Best Buy to be closed on Thanksgiving Best Buy announced all retail locations will be closed Thanksgiving Day, joining a growing number of retailers who are doing the same. 5 ways retailers can embrace the new consumer mentality during Covid-19 Bob Phibbs, the Retail Doc, offers solid advice: “Economic pressures of Covid-19 are accelerating the rightsizing of America’s... Read More
Apple reports third-quarter revenue up 11 percent Earnings reports 

Apple reports third-quarter revenue up 11 percent

Apple Inc. posted quarterly revenue of $59.7 billion in the third quarter, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue. “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each... Read More
Xerox reports second-quarter revenue drops 35.3 percent Earnings reports News 

Xerox reports second-quarter revenue drops 35.3 percent

Xerox Holdings Corp. reported second-quarter revenue of $1.47 billion, a decrease of 35.3 percent year-over-year. The company also reported $34 million of operating cash flow from continuing operations, down $242 million year-over-year, and $15 million of free cash flow, down $245 million year-over-year. “I am proud of our employees who did what was necessary during this unprecedented disruption to support our business... Read More
Industry Notes for the week of July 25 Earnings reports News People on the Move Updates 

Industry Notes for the week of July 25

Pro Photography Bay Photo Lab announces “Epic Prints” Bay Photo Lab has launched “Epic Prints”,  made from Fujiflex silver-halide photographic paper with up to 610dpi resolution. They are mounted to aluminum for a sleek, thin profile from sizes from 4×4″ to 45×93″. 10,000 Headshots featured on “Today Show” The 10,000 Headshots project, featured on the Dead Pixels Society podcast, was featured... Read More