4 mins. ago
The Jacksonville Jaguars are hosting a month-long celebration for Hispanic Heritage Month throughout September, launching community outreach programs and student-athlete recognition under the banner "Somos DUUUVAL."
The initiative addresses the growth of the Hispanic and Latino community in Northeast Florida through youth sports, literacy outreach, and leadership initiatives.
Adriel Rocha, the Jaguars vice president of community impact and youth development, emphasized the initiative's focus on community service and culture. "Hispanic Heritage Month is a reminder of the rich culture, contributions and leadership of the Hispanic community and through Somos DUUUVAL, the Jaguars strive to celebrate and strengthen that spirit in Jacksonville," Rocha said. "Through a month-long series of initiatives for the Hispanic community, we are harnessing the power of service to strengthen connections and make a lasting difference in this community."
As part of the initiative, Jaguars PREP, the foundation's youth programming branch, partnered with Ticketmaster and Farah & Farah to host two youth football camps focused on athletics and leadership skills.
Nearly 350 students in third through fifth grades at BridgePrep Academy and Englewood Elementary School are participating.
#hispanic #month #heritage #somos
The initiative addresses the growth of the Hispanic and Latino community in Northeast Florida through youth sports, literacy outreach, and leadership initiatives.
Adriel Rocha, the Jaguars vice president of community impact and youth development, emphasized the initiative's focus on community service and culture. "Hispanic Heritage Month is a reminder of the rich culture, contributions and leadership of the Hispanic community and through Somos DUUUVAL, the Jaguars strive to celebrate and strengthen that spirit in Jacksonville," Rocha said. "Through a month-long series of initiatives for the Hispanic community, we are harnessing the power of service to strengthen connections and make a lasting difference in this community."
As part of the initiative, Jaguars PREP, the foundation's youth programming branch, partnered with Ticketmaster and Farah & Farah to host two youth football camps focused on athletics and leadership skills.
Nearly 350 students in third through fifth grades at BridgePrep Academy and Englewood Elementary School are participating.
#hispanic #month #heritage #somos
11 mins. ago
Texas football news: Arch Manning can't hide reaction to Rowe-Sarkisian question appeared first on ClutchPoints. Add ClutchPoints as a Preferred Source by clicking here.
Texas took a massive victory over Ohio State on Saturday. They were down 20 points heading into the fourth quarter, but Arch Manning led Texas to the comeback, putting up 21 points in the fourth quarter. After the game, Texas coach Steve Sarkisian was too excited to celebrate to even talk to Holly Rowe in the postgame interview.
The internet had its way with the interaction between Rowe and Sarkisian after the game. The initial interaction between Rowe and Sarkisian was very brief, with Sark throwing up the hook 'em horns sign and leaving quickly.
Then AI had its way, making a video of Sark slapping Rowe instead of just walking away. Now, Arch Manning is talking about the AI edits, per Evan Vieth of Inside Texas.
"I've seen a few AI edits of stuff, but that's about it. I saw the AI edit of Sark's interview. You all seen that one? That's a good one. Of him slapping Holly Rowe? Yeah, it's hilarious," Manning said.
#clutchpoints #holly
Texas took a massive victory over Ohio State on Saturday. They were down 20 points heading into the fourth quarter, but Arch Manning led Texas to the comeback, putting up 21 points in the fourth quarter. After the game, Texas coach Steve Sarkisian was too excited to celebrate to even talk to Holly Rowe in the postgame interview.
The internet had its way with the interaction between Rowe and Sarkisian after the game. The initial interaction between Rowe and Sarkisian was very brief, with Sark throwing up the hook 'em horns sign and leaving quickly.
Then AI had its way, making a video of Sark slapping Rowe instead of just walking away. Now, Arch Manning is talking about the AI edits, per Evan Vieth of Inside Texas.
"I've seen a few AI edits of stuff, but that's about it. I saw the AI edit of Sark's interview. You all seen that one? That's a good one. Of him slapping Holly Rowe? Yeah, it's hilarious," Manning said.
#clutchpoints #holly
27 mins. ago
It looks like Victoria Azarenka and Danielle Collins are hanging up their tennis racquets, at least for the foreseeable future.
Both last played at the 2025 US Open. The post 2026 US Open WTA rankings signify 12 months that each has played. Therefore, they earned no ranking points in the past year and are now classified as inactive by the WTA.
MORE: With missteps at the US Open, is ESPN really committed to tennis coverage?
The former WTA World No. 1 from Belarus, Azarenka, has been quiet for the past year with the exception of a couple of social media messages.
The most poignant, on July 31, to commemorate her 37th birthday talked about the contentment she experienced in her life and the ability to spend her birthday with her family, something she could never do as a WTA player traveling the globe for 11 months each year.
#played #past
Both last played at the 2025 US Open. The post 2026 US Open WTA rankings signify 12 months that each has played. Therefore, they earned no ranking points in the past year and are now classified as inactive by the WTA.
MORE: With missteps at the US Open, is ESPN really committed to tennis coverage?
The former WTA World No. 1 from Belarus, Azarenka, has been quiet for the past year with the exception of a couple of social media messages.
The most poignant, on July 31, to commemorate her 37th birthday talked about the contentment she experienced in her life and the ability to spend her birthday with her family, something she could never do as a WTA player traveling the globe for 11 months each year.
#played #past
43 mins. ago
Hits were at a premium with both sides combining for seven, and the Dodgers made the most of theirs, out-homering the Reds two-to-one and relying on Tarik Skubal's best performance as a Dodger to secure a 4-1 win. While Reds starter Nick Lodolo was responsible for all four runs in his seven innings, it doesn't necessarily reflect just how effectively he held down this potent Dodgers lineup for large periods of the game—especially dealing with such an ungrateful task.
It didn't take more than a couple of hitters to find out, or at least get a glimpse of the type of performance Skubal was about to bring to the mound. Facing Cincinnati's most dangerous hitter, Elly De La Cruz, Skubal was down 3-0 in the count following two bad misses, remembering that De La Cruz took him deep last week. The Dodgers' starter not only got back in the count and punched out De La Cruz, but almost as impressively, he did so in a manner of simply imposing his will that few starting pitchers can even hope to accomplish. Skubal threw three straight heaters, none of them particularly dotted, two up and one down, almost as if indicating that today he'd do as he pleased and the Reds were mere spectators to it.
That initial at-bat against De La Cruz was also indicative of the approach that Skubal would carry into this game. Whether due to a lack of feel for a particular off-speed pitch or, more likely, from an adjustment after seeing the Reds' swings against the four-seamer, Skubal went to that pitch far more often than he normally does—throwing it 44 percent of the time across seven scoreless innings, needing just 90 pitches to do so.
The first and only time the Reds managed to put multiple players on base against Skubal came in the fifth inning, when Juan Brito singled, and J.J. Bleday walked, later moving to second and third on a wild pitch. In a nine-pitch at-bat, Hector Rodríguez would go down on a four-seam fastball, this one up and well outside the zone. In fact, each of Skubal's first seven punchouts came on heaters.
Offensively, the Dodgers made the most of their rare hits count, securing just three in seven innings against a dialed-in Nick Lodolo. Unfortunately for the Reds starter, both of the hits he allowed were home runs, first a solo shot to Kyle Tucker in the second and, a couple of innings later, a two-run bomb to Teoscar Hernández.
#hits
It didn't take more than a couple of hitters to find out, or at least get a glimpse of the type of performance Skubal was about to bring to the mound. Facing Cincinnati's most dangerous hitter, Elly De La Cruz, Skubal was down 3-0 in the count following two bad misses, remembering that De La Cruz took him deep last week. The Dodgers' starter not only got back in the count and punched out De La Cruz, but almost as impressively, he did so in a manner of simply imposing his will that few starting pitchers can even hope to accomplish. Skubal threw three straight heaters, none of them particularly dotted, two up and one down, almost as if indicating that today he'd do as he pleased and the Reds were mere spectators to it.
That initial at-bat against De La Cruz was also indicative of the approach that Skubal would carry into this game. Whether due to a lack of feel for a particular off-speed pitch or, more likely, from an adjustment after seeing the Reds' swings against the four-seamer, Skubal went to that pitch far more often than he normally does—throwing it 44 percent of the time across seven scoreless innings, needing just 90 pitches to do so.
The first and only time the Reds managed to put multiple players on base against Skubal came in the fifth inning, when Juan Brito singled, and J.J. Bleday walked, later moving to second and third on a wild pitch. In a nine-pitch at-bat, Hector Rodríguez would go down on a four-seam fastball, this one up and well outside the zone. In fact, each of Skubal's first seven punchouts came on heaters.
Offensively, the Dodgers made the most of their rare hits count, securing just three in seven innings against a dialed-in Nick Lodolo. Unfortunately for the Reds starter, both of the hits he allowed were home runs, first a solo shot to Kyle Tucker in the second and, a couple of innings later, a two-run bomb to Teoscar Hernández.
#hits
44 mins. ago
Fourteen years ago, Ken Jouppi, who had operated a charter airplane business in Alaska since the 1970s, agreed to fly a passenger from Fairbanks to Beaver, one of the state's dry jurisdictions. The passenger's luggage included 72 cans of Budweiser and Bud Light, which she planned to share with her husband on his birthday. Although most of the beer was boxed, a six-pack "was packed only in a grocery bag and would have been in plain view to Jouppi as he was loading the airplane," the Alaska Supreme Court noted last year.
State troopers discovered the beer before the plane took off, and Jouppi was convicted of a misdemeanor. The trial court, which concluded that Jouppi had been "willfully blind" to the six-pack, sentenced him to three days in jail and a $1,500 fine. But state law mandated another punishment that was 63 times as severe: forfeiture of Jouppi's $95,000 airplane. Although that penalty seemed grossly disproportionate, the Alaska Supreme Court ruled that it did not violate the Eighth Amendment's ban on excessive fines.
In July, responding to a petition filed by the Institute for Justice, the U.S. Supreme Court agreed to review that decision. It will hear oral argument in Jouppi v. Alaska on December 1. In a brief supporting Jouppi's appeal that it filed last week, the Cato Institute argues that the Alaska Supreme Court erred by failing to consider the gravity of his conduct and the financial consequences of the forfeiture. Both of those factors, Cato attorney Matthew Cavedon says, have been central to the common-law understanding of excessive fines for eight centuries.
"The Eighth Amendment was designed to prevent this kind of abuse by limiting excessive fines," Cavedon writes. "Long before the United States was founded, the common law protected people from extreme monetary penalties. But the Alaska Supreme Court's view is that challenges to excessive fines 'should rarely succeed.' This dismissive view led it to conclude that there is nothing excessive about the forfeiture of an airplane worth 'only 9.5 times the maximum fine'—and over 60 times the fine actually imposed. The decision below cannot be reconciled with this Court's precedent or the Excessive Fines Clause's original meaning."
In weighing the proportionality of the airplane forfeiture, the Alaska Supreme Court thought the relevant consideration was the harm caused by excessive drinking. "Alcohol abuse in rural Alaska leads to increased crime; disorders, such as alcoholism; conditions, such as fetal alcohol spectrum disorder; and death, imposing substantial costs on public health and the administration of justice," Justice Jude Pate wrote in the majority opinion. "Within this context, it is clear that the illegal importation of even a six-pack of beer causes grave societal harm."
#court #excessive #jouppi
State troopers discovered the beer before the plane took off, and Jouppi was convicted of a misdemeanor. The trial court, which concluded that Jouppi had been "willfully blind" to the six-pack, sentenced him to three days in jail and a $1,500 fine. But state law mandated another punishment that was 63 times as severe: forfeiture of Jouppi's $95,000 airplane. Although that penalty seemed grossly disproportionate, the Alaska Supreme Court ruled that it did not violate the Eighth Amendment's ban on excessive fines.
In July, responding to a petition filed by the Institute for Justice, the U.S. Supreme Court agreed to review that decision. It will hear oral argument in Jouppi v. Alaska on December 1. In a brief supporting Jouppi's appeal that it filed last week, the Cato Institute argues that the Alaska Supreme Court erred by failing to consider the gravity of his conduct and the financial consequences of the forfeiture. Both of those factors, Cato attorney Matthew Cavedon says, have been central to the common-law understanding of excessive fines for eight centuries.
"The Eighth Amendment was designed to prevent this kind of abuse by limiting excessive fines," Cavedon writes. "Long before the United States was founded, the common law protected people from extreme monetary penalties. But the Alaska Supreme Court's view is that challenges to excessive fines 'should rarely succeed.' This dismissive view led it to conclude that there is nothing excessive about the forfeiture of an airplane worth 'only 9.5 times the maximum fine'—and over 60 times the fine actually imposed. The decision below cannot be reconciled with this Court's precedent or the Excessive Fines Clause's original meaning."
In weighing the proportionality of the airplane forfeiture, the Alaska Supreme Court thought the relevant consideration was the harm caused by excessive drinking. "Alcohol abuse in rural Alaska leads to increased crime; disorders, such as alcoholism; conditions, such as fetal alcohol spectrum disorder; and death, imposing substantial costs on public health and the administration of justice," Justice Jude Pate wrote in the majority opinion. "Within this context, it is clear that the illegal importation of even a six-pack of beer causes grave societal harm."
#court #excessive #jouppi
45 mins. ago
Bakersfield High football coach Cody Stone calls it the "relief syndrome." It's the feeling one has by passing a tough test on the field. Stone, as he's stated each week after a Drillers' victory, doesn't believe in that kind of thinking.
So it's no surprise that BHS' 46-14 victory over Clovis West last Friday continued that approach. But scoring 46 points against a top five team in the CIF Central Section makes it harder to downplay.
"I was happy, not just with our kids, but our entire coaching staff," he said. "I was pleased with the way the kids executed the game plan. Our coaches held the kids to a high standard.
"Clovis West is a very historic program. They have a great coach, great talent, but our kids came out and got on them pretty quick. What I think our coaches liked most was that our kids came out and never let up."
He and his staff also enjoyed seeing players support each other. More than once on a long touchdown run, teammates escorted each other and celebrated in the end zone.
#kids #high
So it's no surprise that BHS' 46-14 victory over Clovis West last Friday continued that approach. But scoring 46 points against a top five team in the CIF Central Section makes it harder to downplay.
"I was happy, not just with our kids, but our entire coaching staff," he said. "I was pleased with the way the kids executed the game plan. Our coaches held the kids to a high standard.
"Clovis West is a very historic program. They have a great coach, great talent, but our kids came out and got on them pretty quick. What I think our coaches liked most was that our kids came out and never let up."
He and his staff also enjoyed seeing players support each other. More than once on a long touchdown run, teammates escorted each other and celebrated in the end zone.
#kids #high
55 mins. ago
Sept 13 (Reuters) - The head of Russia's state nuclear energy corporation accused Ukraine on Sunday of attacking diesel fuel trucks, killing two Russian servicemen and deliberately jeopardising safety at the Russian-held Zaporizhzhia nuclear power plant in Ukraine.
Alexei Likhachev said the attack took place on Friday and also resulted in injuries to other Russian soldiers.
The Zaporizhzhia plant, Europe's largest with six reactors, was seized by Russian forces in the early weeks of the Ukraine war that broke out in February 2022. Each side has regularly accused the other of actions that endanger safety at the plant and increase the risk of a nuclear accident.
Likhachev issued a statement saying Ukrainian forces had launched "a series of combined strikes" on Friday on fuel trucks which deliver diesel to the station.
"The strikes hit very close to the perimeter of the station's site," he said.
#russian #nuclear #Friday
Alexei Likhachev said the attack took place on Friday and also resulted in injuries to other Russian soldiers.
The Zaporizhzhia plant, Europe's largest with six reactors, was seized by Russian forces in the early weeks of the Ukraine war that broke out in February 2022. Each side has regularly accused the other of actions that endanger safety at the plant and increase the risk of a nuclear accident.
Likhachev issued a statement saying Ukrainian forces had launched "a series of combined strikes" on Friday on fuel trucks which deliver diesel to the station.
"The strikes hit very close to the perimeter of the station's site," he said.
#russian #nuclear #Friday
1 hr. ago
The Denver Broncos were in a desperate situation entering the 2026 AFC Championship Game against the New England Patriots. With starting quarterback Bo Nix injured and missing the game, the team reportedly reached out to Hall of Famer Drew Brees to see if he was interested in what could have been one of the most surreal moments in the sport's history.
The Broncos had homefield advantage, but were dealt a cruel blow with Nix breaking his ankle late in their Divisional Round overtime win against the Buffalo Bills. Backup Jarrett Stidham started the game and in blizzard-like conditions, could only muster seven points as the Patriots won 10-7 to advance to the Super Bowl.
But what if it was one of the greatest quarterbacks of all time under center for the Broncos that day?
ESPN's Adam Schefter reports that the Broncos did indeed reach out to Drew Brees to gauge his interest in an improbable comeback. Considering that Sean Payton coaches the Broncos and the pairing is one of the most successful in NFL history while winning a Super Bowl with the New Orleans Saints, it's easy to see why Denver made the call. Brees and Payton are the second-winningest QB/Coach combo in NFL history, only behind Tom Brady and Bill Belichick.
Of course, there would have been one major obstacle to overcome. Drew Brees had just turned 47 and hadn't played a competitive NFL game since January 17, 2021 in a playoff loss to Brady and the Tampa Bay Buccaneers. However, Brees wouldn't have been alone in making an incredible return as Philip Rivers had come out of five years of retirement to play three games for the injury-plagued Indianapolis Colts. While Rivers went 0-3 as a starter, he completed 63% of his passes and threw 4 TDs to 3 INTS.
#super #payton
The Broncos had homefield advantage, but were dealt a cruel blow with Nix breaking his ankle late in their Divisional Round overtime win against the Buffalo Bills. Backup Jarrett Stidham started the game and in blizzard-like conditions, could only muster seven points as the Patriots won 10-7 to advance to the Super Bowl.
But what if it was one of the greatest quarterbacks of all time under center for the Broncos that day?
ESPN's Adam Schefter reports that the Broncos did indeed reach out to Drew Brees to gauge his interest in an improbable comeback. Considering that Sean Payton coaches the Broncos and the pairing is one of the most successful in NFL history while winning a Super Bowl with the New Orleans Saints, it's easy to see why Denver made the call. Brees and Payton are the second-winningest QB/Coach combo in NFL history, only behind Tom Brady and Bill Belichick.
Of course, there would have been one major obstacle to overcome. Drew Brees had just turned 47 and hadn't played a competitive NFL game since January 17, 2021 in a playoff loss to Brady and the Tampa Bay Buccaneers. However, Brees wouldn't have been alone in making an incredible return as Philip Rivers had come out of five years of retirement to play three games for the injury-plagued Indianapolis Colts. While Rivers went 0-3 as a starter, he completed 63% of his passes and threw 4 TDs to 3 INTS.
#super #payton
1 hr. ago
Taxes paid by pubs, hotels and cinemas in Wales will fall after the Welsh government announced a 30% cut in some business rates.
First Minister Rhun ap Iorwerth said hospitality, accommodation and leisure venues would receive the permanent cut in rates from April 2027.
"It is about helping businesses like this to thrive, so our communities can thrive," ap Iorwerth said on a visit to a pub in Cardiff.
The cut, which will be funded by an increase in the rates paid by businesses with the highest-value properties, was welcomed by UK Hospitality Cymru. But the trade body warned businesses still faced "massive amounts of taxation coming from all areas".
Pubs will be among the hospitality businesses in Wales to receive a permanent tax cut from April [Getty Images]
#april
First Minister Rhun ap Iorwerth said hospitality, accommodation and leisure venues would receive the permanent cut in rates from April 2027.
"It is about helping businesses like this to thrive, so our communities can thrive," ap Iorwerth said on a visit to a pub in Cardiff.
The cut, which will be funded by an increase in the rates paid by businesses with the highest-value properties, was welcomed by UK Hospitality Cymru. But the trade body warned businesses still faced "massive amounts of taxation coming from all areas".
Pubs will be among the hospitality businesses in Wales to receive a permanent tax cut from April [Getty Images]
#april
1 hr. ago
Moscow is preparing for a final test of a new ballistic missile capable of striking targets hundreds of miles away and potentially maneuvering in ways that could challenge Ukraine's already strained air defenses, a defense ******* yst warned Monday.
The warning comes as Ukrainian military officials said that Russia could conduct the test in the coming months and potentially in live-fire strikes.
"According to our estimates, Russia plans to conduct final tests of a new type of ballistic missile with a range of up to 800 km by the end of this year," Vadym Skibitskyi, deputy head of the Defence Intelligence of Ukraine (DIU), said at a meeting of the Ukraine-NATO Interparliamentary Council, according to Ukrainian news outlet Ukrainska Pravda.
"If, for instance, this 800-kilometer missile has more advanced maneuverability, well then that's going to create greater problems for Ukraine in that they're going to need the more sophisticated interceptors to get them," Tom Karako, director of the Missile Defense Project at the Center for Strategic and International Studies, told Fox News Digital.
Russia Deploys North Korean Missile Unit To Ukraine; Moscow-pyongyang Axis Deepens: Report
#ukrainian #defense #ballistic
The warning comes as Ukrainian military officials said that Russia could conduct the test in the coming months and potentially in live-fire strikes.
"According to our estimates, Russia plans to conduct final tests of a new type of ballistic missile with a range of up to 800 km by the end of this year," Vadym Skibitskyi, deputy head of the Defence Intelligence of Ukraine (DIU), said at a meeting of the Ukraine-NATO Interparliamentary Council, according to Ukrainian news outlet Ukrainska Pravda.
"If, for instance, this 800-kilometer missile has more advanced maneuverability, well then that's going to create greater problems for Ukraine in that they're going to need the more sophisticated interceptors to get them," Tom Karako, director of the Missile Defense Project at the Center for Strategic and International Studies, told Fox News Digital.
Russia Deploys North Korean Missile Unit To Ukraine; Moscow-pyongyang Axis Deepens: Report
#ukrainian #defense #ballistic
1 hr. ago
CINCINNATI (AP) — Zac Taylor was still pleased on Monday after Cincinnati's 33-27 victory over Tampa Bay.
Yet for as well as the Bengals played in the opener, the eighth-year coach pointed out there was still plenty of room for improvement.
"The objective isn't to be your best team Week 1, it's to be your best team at the end of the season. So I just want to see that process continue to improve for us as we get ready for Houston," he said.
Taylor and the Bengals are also aware that fast starts aren't always an indicator of success, and that things can come undone very quickly. Cincinnati won its first two games last season, but then dropped eight of nine when Joe Burrow suffered a turf toe injury in Week 2.
The defense, which made four huge additions during the offseason, forced four turnovers, generated a 38.9% pressure rate and sacked the Buccaneers' Baker Mayfield four times despite having a blitz rate of 11.1%, tied for second lowest in Week 1.
#bengals #team
Yet for as well as the Bengals played in the opener, the eighth-year coach pointed out there was still plenty of room for improvement.
"The objective isn't to be your best team Week 1, it's to be your best team at the end of the season. So I just want to see that process continue to improve for us as we get ready for Houston," he said.
Taylor and the Bengals are also aware that fast starts aren't always an indicator of success, and that things can come undone very quickly. Cincinnati won its first two games last season, but then dropped eight of nine when Joe Burrow suffered a turf toe injury in Week 2.
The defense, which made four huge additions during the offseason, forced four turnovers, generated a 38.9% pressure rate and sacked the Buccaneers' Baker Mayfield four times despite having a blitz rate of 11.1%, tied for second lowest in Week 1.
#bengals #team
2 hours ago
Across our area, local children are hopping on bikes to develop a lifelong passion.
The goal of Independence Youth Cycling is to uplift members of their various teams.
When they set out on the trail with their peers, they're always in for a great ride.
"Our nonprofit supports teams that operate in different leagues and series across Pennsylvania and New Jersey. 65 or more coaches that support our organization...Our teams would not be here if it wasn't for the amazing green ***** es and trail systems that we have in Philadelphia and Montgomery County," said President and Founder of Independence Youth Cycling, John Raisch.
"It's been an amazing ride and we just want to see it continue into the future and be a strong, impactful organization," he continued.
#ride #pennsylvania
The goal of Independence Youth Cycling is to uplift members of their various teams.
When they set out on the trail with their peers, they're always in for a great ride.
"Our nonprofit supports teams that operate in different leagues and series across Pennsylvania and New Jersey. 65 or more coaches that support our organization...Our teams would not be here if it wasn't for the amazing green ***** es and trail systems that we have in Philadelphia and Montgomery County," said President and Founder of Independence Youth Cycling, John Raisch.
"It's been an amazing ride and we just want to see it continue into the future and be a strong, impactful organization," he continued.
#ride #pennsylvania
3 hours ago
Zcash (ZEC) has dropped by nearly 6% in the past 7 days following a massive rally that pushed the token to its highest levels in a decade.
Trading volumes remain quite high at $1.4 billion, accounting for over 7% of the ******* et's circulating market cap.
The price hit a strong sell wall at $1,300 as macroeconomic conditions in the United States deteriorated.
A stable inflation print on Friday kickstarted a short-lived rally across crypto ******* ets but quickly faded, as odds of a rate hike during the next FOMC meeting rose to nearly 90%.
The Federal Open Market Committee (FOMC) is expected to convene on September 16. Comments from the new Chairman of the central bank, Kevin Warsh, will be scrutinized to get a sense of how the institution plans to curb inflation.
#inflation #zcash #trading #states
Trading volumes remain quite high at $1.4 billion, accounting for over 7% of the ******* et's circulating market cap.
The price hit a strong sell wall at $1,300 as macroeconomic conditions in the United States deteriorated.
A stable inflation print on Friday kickstarted a short-lived rally across crypto ******* ets but quickly faded, as odds of a rate hike during the next FOMC meeting rose to nearly 90%.
The Federal Open Market Committee (FOMC) is expected to convene on September 16. Comments from the new Chairman of the central bank, Kevin Warsh, will be scrutinized to get a sense of how the institution plans to curb inflation.
#inflation #zcash #trading #states
3 hours ago
The Eagles left their season opener with a victory, but the offensive line's uneven performance has now been followed by a significant personnel change. Philadelphia placed Landon ****** erson on injured reserve after the veteran left guard played through multiple ailments against Washington. Drew Kendall and Willie Lampkin are the leading candidates to replace him, although the Eagles could consider changing more than one position.
Here are four takeaways from the move.
Dickerson rarely looked comfortable against the Commanders. He played all 55 offensive snaps but surrendered three pressures, including a quarterback hit, and was penalized for holding. Those problems were part of a difficult afternoon for Philadelphia's interior protection. Washington repeatedly generated pressure through the middle and finished with three sacks.
Dickerson's performance should be viewed in the context of the physical issues he was trying to manage. He remained on the field for every offensive play, but he did not resemble the powerful and dependable blocker the Eagles have come to expect.
Kendall appears to be one of the most logical candidates to enter the starting lineup. His ability to play both center and guard gives Philadelphia flexibility, especially if the coaching staff wants to limit changes at once. The Eagles could place Kendall directly at left guard and leave Cam Jurgens at center and Tyler Steen at right guard. That would preserve continuity at four of the five starting positions.
#played
Here are four takeaways from the move.
Dickerson rarely looked comfortable against the Commanders. He played all 55 offensive snaps but surrendered three pressures, including a quarterback hit, and was penalized for holding. Those problems were part of a difficult afternoon for Philadelphia's interior protection. Washington repeatedly generated pressure through the middle and finished with three sacks.
Dickerson's performance should be viewed in the context of the physical issues he was trying to manage. He remained on the field for every offensive play, but he did not resemble the powerful and dependable blocker the Eagles have come to expect.
Kendall appears to be one of the most logical candidates to enter the starting lineup. His ability to play both center and guard gives Philadelphia flexibility, especially if the coaching staff wants to limit changes at once. The Eagles could place Kendall directly at left guard and leave Cam Jurgens at center and Tyler Steen at right guard. That would preserve continuity at four of the five starting positions.
#played
3 hours ago
The Seattle Seahawks are 1-0, so it's time to start scouting their next opponent.
The Arizona Cardinals shocked the Los Angeles Chargers in Week 1 with a 26-14 win in which Mike LaFleur became the franchise's first non-interim head coach to win their first game in charge. The matchup was projected as one of the opening week's most lopsided in favor of Jim Harbaugh and Los Angeles, who were coming off an 11-6 record in 2025. Los Angeles made the playoffs and lost to the eventual AFC champion New England Patriots in the Wild Card round, albeit without either of their starting offensive tackles—Rashawn Slater and Joe Alt—who were both expected to boost the offense upon their return this season. Arizona's defense had other ideas, and became one of the biggest surprises of any unit across Week 1's Sunday slate, while their offense simply looked more talented and outplayed LA with complementary football. That's what the Seahawks will be looking for in Week 2.
The Cardinals defense played with an energy that stifled Justin Herbert and new offensive coordinator Mike McDaniel, who only held the ball for 51 plays and 22:29. Arizona ran 21 more plays and had the ball for 15:02 more of the game (more than an entire quarter?!) When watching this game, the attitude from Arizona's defense seemed to disregard the stature of its opponent. LaFleur retained defensive coordinator Nick Rallis, who Phoenix-based sports radio host John Gambadoro credits for helping set the temperature.
It's easy to see Rallis' results. The intensity of the defense that showed up on tape is just as evident on paper. His Cardinals defense ranks second to last in blitz rate so far this season, yet they held McDaniel and Herbert to a measly 2-for-8 on third downs and 0-for-3 on fourth downs. Their front seven was far more formidable than the Chargers on the day, producing 17 pressures on 55 snaps while LA could only muster 12 on 75 opportunities. On the flipside, the Cardinals' offensive line has been projected as their downfall this season. The Seahawks have a clear opportunity to establish their presence as a physically dominant team if they kill the Cardinals momentum. This will be the game for elite run blockers like AJ Barner and run stoppers like Uchenna Nwosu to put the new age film community on watch.
Offensive talent is far from the problem in Arizona. Trey McBride is the best tight end in football. They've got two running backs in Jeremiyah Love and Tyler Allgeier who can both be a problem for any team. Marvin Harrison Jr. was a matchup nightmare against the Seahawks last season. In Week 3, he had one of the best battles against Devon Witherspoon and Riq Woolen of any wide receiver all year. When partnered with a seasoned veteran quarterback with a quick release, they were able to make life easy on their OL. Jacoby Brissett looked like at least an average starting QB, completing 27/37 passes for a respectable 73.0% completion rate while taking only 1 sack on 39 dropbacks. Loo
The Arizona Cardinals shocked the Los Angeles Chargers in Week 1 with a 26-14 win in which Mike LaFleur became the franchise's first non-interim head coach to win their first game in charge. The matchup was projected as one of the opening week's most lopsided in favor of Jim Harbaugh and Los Angeles, who were coming off an 11-6 record in 2025. Los Angeles made the playoffs and lost to the eventual AFC champion New England Patriots in the Wild Card round, albeit without either of their starting offensive tackles—Rashawn Slater and Joe Alt—who were both expected to boost the offense upon their return this season. Arizona's defense had other ideas, and became one of the biggest surprises of any unit across Week 1's Sunday slate, while their offense simply looked more talented and outplayed LA with complementary football. That's what the Seahawks will be looking for in Week 2.
The Cardinals defense played with an energy that stifled Justin Herbert and new offensive coordinator Mike McDaniel, who only held the ball for 51 plays and 22:29. Arizona ran 21 more plays and had the ball for 15:02 more of the game (more than an entire quarter?!) When watching this game, the attitude from Arizona's defense seemed to disregard the stature of its opponent. LaFleur retained defensive coordinator Nick Rallis, who Phoenix-based sports radio host John Gambadoro credits for helping set the temperature.
It's easy to see Rallis' results. The intensity of the defense that showed up on tape is just as evident on paper. His Cardinals defense ranks second to last in blitz rate so far this season, yet they held McDaniel and Herbert to a measly 2-for-8 on third downs and 0-for-3 on fourth downs. Their front seven was far more formidable than the Chargers on the day, producing 17 pressures on 55 snaps while LA could only muster 12 on 75 opportunities. On the flipside, the Cardinals' offensive line has been projected as their downfall this season. The Seahawks have a clear opportunity to establish their presence as a physically dominant team if they kill the Cardinals momentum. This will be the game for elite run blockers like AJ Barner and run stoppers like Uchenna Nwosu to put the new age film community on watch.
Offensive talent is far from the problem in Arizona. Trey McBride is the best tight end in football. They've got two running backs in Jeremiyah Love and Tyler Allgeier who can both be a problem for any team. Marvin Harrison Jr. was a matchup nightmare against the Seahawks last season. In Week 3, he had one of the best battles against Devon Witherspoon and Riq Woolen of any wide receiver all year. When partnered with a seasoned veteran quarterback with a quick release, they were able to make life easy on their OL. Jacoby Brissett looked like at least an average starting QB, completing 27/37 passes for a respectable 73.0% completion rate while taking only 1 sack on 39 dropbacks. Loo
4 hours ago
September's debate over Chinese and American AI spending puts Alibaba Group Holding Limited (NYSE:BABA) and Amazon.com, Inc. (NASDAQ:AMZN) on opposite sides of the same investment question. Both report strong demand for computing services. Shareholders still need that demand to justify the infrastructure bill.
September 7 coverage of Jefferies' ***** ysis highlighted differences in spending intensity. The companies' own results suggest a more useful test than choosing a winner from headline capital expenditures: distinguish operating progress from cash committed ahead of future growth.
Alibaba's August 20 report showed June-quarter AI Cloud and Compute Services revenue increasing 45% to RMB48.44 billion. Segment adjusted EBITA reached RMB5.63 billion. The reporting group now combines its former Cloud Intelligence Group with T-Head, so investors should use the company's recast comparisons.
That operating improvement supports the case that computing demand can generate returns. It does not mean the spending cycle has already paid for itself. Group capital expenditures reached RMB67.68 billion, while free cash flow, a non-GAAP liquidity measure, was negative RMB44.67 billion for the quarter.
The opportunity is to keep expanding customer demand and utilization as new infrastructure becomes available. The risk is that cash outlays remain elevated while weaker returns elsewhere in the group reduce the room for error. Cloud growth alone cannot settle the value of the entire business.
#spending #cash #Services
September 7 coverage of Jefferies' ***** ysis highlighted differences in spending intensity. The companies' own results suggest a more useful test than choosing a winner from headline capital expenditures: distinguish operating progress from cash committed ahead of future growth.
Alibaba's August 20 report showed June-quarter AI Cloud and Compute Services revenue increasing 45% to RMB48.44 billion. Segment adjusted EBITA reached RMB5.63 billion. The reporting group now combines its former Cloud Intelligence Group with T-Head, so investors should use the company's recast comparisons.
That operating improvement supports the case that computing demand can generate returns. It does not mean the spending cycle has already paid for itself. Group capital expenditures reached RMB67.68 billion, while free cash flow, a non-GAAP liquidity measure, was negative RMB44.67 billion for the quarter.
The opportunity is to keep expanding customer demand and utilization as new infrastructure becomes available. The risk is that cash outlays remain elevated while weaker returns elsewhere in the group reduce the room for error. Cloud growth alone cannot settle the value of the entire business.
#spending #cash #Services
4 hours ago
For much of the past year, the "AI trade" has been focused on infrastructure: processors, data centers, and cloud capacity. Snowflake Inc. (NYSE:SNOW)'s blowout quarter, which was reported after the market closed on September 2, provided something unique: clear evidence that AI is translating into real, incremental spending within software companies that are closer to the end customer. The reaction echoed throughout corporate software the next morning, adding to a rally that, for Salesforce, Inc. (NYSE:CRM) in particular, had already begun for its own reasons.
Snowflake Inc. (NYSE:SNOW) boosted its fiscal 2027 product revenues target to $6.07 billion from $5.84 billion, following a 37% increase in second-quarter product revenue to $1.49 billion. CEO Sridhar Ramaswamy stated that the company's AI products accounted for around half of that growth acceleration, which ****** ysts took as implying that AI demand is increasing Snowflake's core data platform, instead of just adoption of standalone AI add-ons. UBS ****** yst Karl Keirstead said the figures, together with Palantir and Databricks' rapid growth, gave compelling proof of robust enterprise AI adoption.
Snowflake's beat rippled across enterprise software, with ServiceNow, Atlassian, Adobe, Intuit, and Salesforce, Inc. (NYSE:CRM) all up 3.5% to 6% on the same day, while the sector-wide iShares Expanded Tech-Software ETF rose 3%.
That Snowflake-driven spike was piled on top of a much bigger adjustment made by Salesforce, Inc. (NYSE:CRM) on its own. The company released its second-quarter fiscal 2027 results on August 26, a week before Snowflake Inc. (NYSE:SNOW), with revenue of $11.35 billion, up 11% year-over-year, with current remaining performance obligations up 14% to $33.5 billion and adjusted EPS of $5.90, exceeding the $3.27 consensus. Along with those results, Salesforce and Anthropic announced Claudeforce, an expanded partnership that initially brings Salesforce data, workflows and business logic directly into Claude through a plugin with 37 prebuilt sales skills. The companies plan additional integrations across Claude, Salesforce and Slack. That said, Salesforce recorded $2.61 billion in net gains on strategic investments during the quarter, which added $2.53 per share to non-GAAP EPS.
Taken together, the two events suggest that enterprise AI adoption can increase the value and consumption of established software platforms when AI is connected to existing corporate data and workflows
#billion #software #data #quarter
Snowflake Inc. (NYSE:SNOW) boosted its fiscal 2027 product revenues target to $6.07 billion from $5.84 billion, following a 37% increase in second-quarter product revenue to $1.49 billion. CEO Sridhar Ramaswamy stated that the company's AI products accounted for around half of that growth acceleration, which ****** ysts took as implying that AI demand is increasing Snowflake's core data platform, instead of just adoption of standalone AI add-ons. UBS ****** yst Karl Keirstead said the figures, together with Palantir and Databricks' rapid growth, gave compelling proof of robust enterprise AI adoption.
Snowflake's beat rippled across enterprise software, with ServiceNow, Atlassian, Adobe, Intuit, and Salesforce, Inc. (NYSE:CRM) all up 3.5% to 6% on the same day, while the sector-wide iShares Expanded Tech-Software ETF rose 3%.
That Snowflake-driven spike was piled on top of a much bigger adjustment made by Salesforce, Inc. (NYSE:CRM) on its own. The company released its second-quarter fiscal 2027 results on August 26, a week before Snowflake Inc. (NYSE:SNOW), with revenue of $11.35 billion, up 11% year-over-year, with current remaining performance obligations up 14% to $33.5 billion and adjusted EPS of $5.90, exceeding the $3.27 consensus. Along with those results, Salesforce and Anthropic announced Claudeforce, an expanded partnership that initially brings Salesforce data, workflows and business logic directly into Claude through a plugin with 37 prebuilt sales skills. The companies plan additional integrations across Claude, Salesforce and Slack. That said, Salesforce recorded $2.61 billion in net gains on strategic investments during the quarter, which added $2.53 per share to non-GAAP EPS.
Taken together, the two events suggest that enterprise AI adoption can increase the value and consumption of established software platforms when AI is connected to existing corporate data and workflows
#billion #software #data #quarter
4 hours ago
On August 10, Red Violet Inc. (NASDAQ:RDVT) reported second-quarter 2026 results for the period ended June 30 that showed the company converting growth into profit at an accelerating clip. Revenue rose 23% to $26.7 million, and net income nearly doubled to $5 million. For a company built on selling identity intelligence to businesses, watching net margin move from 12% to 19% says that growth is not costing more to produce.
Gross profit climbed 29% to $20.2 million, pushing gross margin to 76% from 72%, while adjusted EBITDA jumped 48% to $11.2 million as its margin widened to 42% from 35%. Adjusted net income rose 58% to $7.2 million. Cash generation told the same story: operating cash flow increased 42% to a record $10.6 million for the quarter. None of that came from adding customers who barely move the needle. Red Violet signed on 447 new IDI customers in the quarter, a company record, ending with 10,869 customers on the platform.
FOREWARN, its product built for real estate agents, picked up 25,493 new users to reach 443,173, and 660 REALTOR ****** ociations across the country are now under contract to use it. The company also closed an underwritten public offering in August that sold 1,916,667 shares, including 250,000 shares from the underwriters' full exercise of their option, generating net proceeds of about $109.0 million. Between the funds already on hand and this new raise, Red Violet says it holds over $160 million in cash and carries no debt, money earmarked for working capital and possible acquisitions.
CEO Derek Dubner called it what he described as "the strongest pipeline of strategic initiatives" in the company's history. The company also repurchased 74,500 shares by June 30, paying $41.87 per share on average, and had $15.5 million left on its buyback authorization.
The August offering that padded Red Violet's cash balance also added 1,916,667 new shares to the count, arriving in the same year that per-share profit is climbing fastest. Diluted earnings came in a penny below basic at $0.34, and adjusted diluted earnings landed at $0.50 versus $0.51 on a basic basis, a gap new shares will only widen going forward. There is also a timing tension worth sitting with: Red Violet spent part of the quarter buying back its own stock at an average of $41.87 a share, then turned around weeks later and sold new shares to the public.
#million
Gross profit climbed 29% to $20.2 million, pushing gross margin to 76% from 72%, while adjusted EBITDA jumped 48% to $11.2 million as its margin widened to 42% from 35%. Adjusted net income rose 58% to $7.2 million. Cash generation told the same story: operating cash flow increased 42% to a record $10.6 million for the quarter. None of that came from adding customers who barely move the needle. Red Violet signed on 447 new IDI customers in the quarter, a company record, ending with 10,869 customers on the platform.
FOREWARN, its product built for real estate agents, picked up 25,493 new users to reach 443,173, and 660 REALTOR ****** ociations across the country are now under contract to use it. The company also closed an underwritten public offering in August that sold 1,916,667 shares, including 250,000 shares from the underwriters' full exercise of their option, generating net proceeds of about $109.0 million. Between the funds already on hand and this new raise, Red Violet says it holds over $160 million in cash and carries no debt, money earmarked for working capital and possible acquisitions.
CEO Derek Dubner called it what he described as "the strongest pipeline of strategic initiatives" in the company's history. The company also repurchased 74,500 shares by June 30, paying $41.87 per share on average, and had $15.5 million left on its buyback authorization.
The August offering that padded Red Violet's cash balance also added 1,916,667 new shares to the count, arriving in the same year that per-share profit is climbing fastest. Diluted earnings came in a penny below basic at $0.34, and adjusted diluted earnings landed at $0.50 versus $0.51 on a basic basis, a gap new shares will only widen going forward. There is also a timing tension worth sitting with: Red Violet spent part of the quarter buying back its own stock at an average of $41.87 a share, then turned around weeks later and sold new shares to the public.
#million
4 hours ago
On August 6, PureCycle Technologies (NASDAQ:PCT) reported second-quarter results for the period ended June 30, and buried in the numbers was something the plastics recycler has chased for years: an actual branded product on store shelves. Select Downy detergent caps made with PureCycle's PureFive resin entered commercial production for Procter & Gamble during the quarter, the first tangible sign the company's purification technology can clear a major consumer brand's supply chain. Revenue came in at $4.5 million, up roughly 173% from a year earlier and the sixth straight quarter of sequential growth.
The Downy win was not an isolated event. PureCycle said select Tide caps are scheduled for retail production in the third quarter, with Vicks ZzzQuil PURE Zzzs child-resistant lids targeted for the fourth quarter of 2026. Seven customer conversions took place during the quarter, alongside six new commercial partnerships spanning closures, automotive, film, and food packaging, including Amcor, Motherson, and Innovia Films. Regulation is doing real work here too. New Jersey's Department of Environmental Protection approved PureFive as post-consumer recycled content, a decision that arrives as the state's food contact exemption expires in January 2027 and its recycled content requirement climbs to 20%, while California's SB54 is already in effect.
Operationally, the Ironton facility's planned turnaround finished ahead of schedule and under budget, with more than 170 reliability and rate projects completed and inspections showing no corrosion on major equipment. On-site compounding, commissioned in April, is now running 24 hours a day, five days a week, with plans to expand to seven by the fourth quarter. PureCycle also picked up ISO 9001:2015 certification in May and closed the quarter with $236.9 million in total liquidity after a June capital raise.
The other side of the ledger is harder to ignore. PureCycle posted a net loss of $142.2 million for the quarter, and adjusted EBITDA actually widened to a loss of $31.7 million from a loss of $27.8 million a year earlier, a shift the company attributes to smaller non-cash addbacks rather than weaker operations. PureFive production fell to 4.5 million pounds for the quarter, a direct result of the planned turnaround, even though output was still up about 32% from a year ago. Growth is not coming cheap either. Full-year 2026 project spending guidance was raised to a range of $45 million to $50 million, up from the prior $39 million to $45 million.
#year #loss
The Downy win was not an isolated event. PureCycle said select Tide caps are scheduled for retail production in the third quarter, with Vicks ZzzQuil PURE Zzzs child-resistant lids targeted for the fourth quarter of 2026. Seven customer conversions took place during the quarter, alongside six new commercial partnerships spanning closures, automotive, film, and food packaging, including Amcor, Motherson, and Innovia Films. Regulation is doing real work here too. New Jersey's Department of Environmental Protection approved PureFive as post-consumer recycled content, a decision that arrives as the state's food contact exemption expires in January 2027 and its recycled content requirement climbs to 20%, while California's SB54 is already in effect.
Operationally, the Ironton facility's planned turnaround finished ahead of schedule and under budget, with more than 170 reliability and rate projects completed and inspections showing no corrosion on major equipment. On-site compounding, commissioned in April, is now running 24 hours a day, five days a week, with plans to expand to seven by the fourth quarter. PureCycle also picked up ISO 9001:2015 certification in May and closed the quarter with $236.9 million in total liquidity after a June capital raise.
The other side of the ledger is harder to ignore. PureCycle posted a net loss of $142.2 million for the quarter, and adjusted EBITDA actually widened to a loss of $31.7 million from a loss of $27.8 million a year earlier, a shift the company attributes to smaller non-cash addbacks rather than weaker operations. PureFive production fell to 4.5 million pounds for the quarter, a direct result of the planned turnaround, even though output was still up about 32% from a year ago. Growth is not coming cheap either. Full-year 2026 project spending guidance was raised to a range of $45 million to $50 million, up from the prior $39 million to $45 million.
#year #loss
4 hours ago
One of the longest-tenured members of the Houston Astros leadership will be taking his talents to the East Coast to try out a new professional sport.
On Monday afternoon, the NHL's Pittsburgh Penguins announced the appointment of Marcel Braithwaite as the team's new President of Business Operations.
Braithwaite has been promoted to the new role after 14 years with the Houston Astros. He notably served as the Senior Vice President of Business Operations and was one of the initial hires under the Jim Crane-led baseball organization.
"It's an honor to join the Penguins at such an exciting time under new ownership," said Braithwaite. "I am grateful to the Astros and look forward to serving the employees, fans and city of Pittsburgh by bringing a winning culture to this franchise alongside Geoff, Kyle and the rest of this talented Front Office."
As a member of the Astros' Executive leadership team, Braithwaite guided the franchise through several ballpark renovations, security upgrades and naming rights negotiations, ensuring the business maximized revenue opportunities while providing a best-in-class fan experience.
#astros #braithwaite #houston
On Monday afternoon, the NHL's Pittsburgh Penguins announced the appointment of Marcel Braithwaite as the team's new President of Business Operations.
Braithwaite has been promoted to the new role after 14 years with the Houston Astros. He notably served as the Senior Vice President of Business Operations and was one of the initial hires under the Jim Crane-led baseball organization.
"It's an honor to join the Penguins at such an exciting time under new ownership," said Braithwaite. "I am grateful to the Astros and look forward to serving the employees, fans and city of Pittsburgh by bringing a winning culture to this franchise alongside Geoff, Kyle and the rest of this talented Front Office."
As a member of the Astros' Executive leadership team, Braithwaite guided the franchise through several ballpark renovations, security upgrades and naming rights negotiations, ensuring the business maximized revenue opportunities while providing a best-in-class fan experience.
#astros #braithwaite #houston
4 hours ago
On September 10, Adobe (NASDAQ:ADBE) posted record third-quarter revenue of $6.76 billion, up 13% year over year, and raised its full-year revenue and profit targets. Non-GAAP EPS climbed 15% to $6.13, while GAAP EPS rose 11% to $4.62. Buried inside those headline numbers was a sharper story: AI-first ending ARR topped $650 million, growing more than 150% year over year. The same call brought a leadership change, with Anil S. Chakravarthy set to take over as CEO from Shantanu Narayen on December 1. Investors got a lot to digest in one afternoon.
Adobe's AI tools are no longer just a demo. Firefly ending ARR, which spans the Firefly app and its credit packs, grew 40% quarter over quarter, and the Acrobat AI ******* istant doubled its monthly active users over the same three months. Total monthly active users across Adobe's businesses surpassed 1 billion in the quarter, up more than 20% year over year, and creative premium MAU crossed 100 million, up more than 70%. Business professionals and consumers MAU passed 900 million, up more than 25%. That kind of user growth, concentrated in free and freemium tiers, is what feeds the paid AI upgrades now showing up in ARR.
The company backed that growth with cash. Operating cash flow hit a third-quarter record of $2.52 billion, and Adobe bought back roughly 9.5 million shares during the quarter, leaving $24.55 billion still authorized for repurchases. Management raised its full-year revenue target to a range of $26.58 billion to $26.63 billion and its non-GAAP EPS target to $24.45 to $24.50. On the product side, Adobe struck a deal to acquire Topaz Labs, whose AI enhancement models for image and video work would slot directly into Firefly and Creative Cloud. Enterprise demand held up too, with ending ARR growing more than 20% year over year at each of Adobe Experience Manager, Adobe Gen Studio, and Adobe Experience Platform.
Not every metric moved as fast. Remaining performance obligations, the backlog of contracted but unrecognized revenue, grew 8% year over year to $22.16 billion, trailing both the 13% revenue growth and the 11.2% growth in total ending ARR. Current RPO grew 9%, also behind the topline. Interim CFO Steven Day flagged a separate issue heading into the fourth quarter: a foreign-exchange headwind that partly offset the benefit of the third-quarter beat when management updated its full-year guidance.
AI-first ARR, for all its 150% growth rate, is still just over $650 million against a total ARR base of $27.50 billion, so it remains a small slice of the business even as it scales. The transition arrives at a pivotal moment too, with Chakravarthy set to take the CEO seat on Dec. 1 just as the company leans harder into an unproven agentic-software strategy, and the Topaz Labs deal still needs to clear regulatory approval before it adds anything to the numbers.
#adobe #billion #million
Adobe's AI tools are no longer just a demo. Firefly ending ARR, which spans the Firefly app and its credit packs, grew 40% quarter over quarter, and the Acrobat AI ******* istant doubled its monthly active users over the same three months. Total monthly active users across Adobe's businesses surpassed 1 billion in the quarter, up more than 20% year over year, and creative premium MAU crossed 100 million, up more than 70%. Business professionals and consumers MAU passed 900 million, up more than 25%. That kind of user growth, concentrated in free and freemium tiers, is what feeds the paid AI upgrades now showing up in ARR.
The company backed that growth with cash. Operating cash flow hit a third-quarter record of $2.52 billion, and Adobe bought back roughly 9.5 million shares during the quarter, leaving $24.55 billion still authorized for repurchases. Management raised its full-year revenue target to a range of $26.58 billion to $26.63 billion and its non-GAAP EPS target to $24.45 to $24.50. On the product side, Adobe struck a deal to acquire Topaz Labs, whose AI enhancement models for image and video work would slot directly into Firefly and Creative Cloud. Enterprise demand held up too, with ending ARR growing more than 20% year over year at each of Adobe Experience Manager, Adobe Gen Studio, and Adobe Experience Platform.
Not every metric moved as fast. Remaining performance obligations, the backlog of contracted but unrecognized revenue, grew 8% year over year to $22.16 billion, trailing both the 13% revenue growth and the 11.2% growth in total ending ARR. Current RPO grew 9%, also behind the topline. Interim CFO Steven Day flagged a separate issue heading into the fourth quarter: a foreign-exchange headwind that partly offset the benefit of the third-quarter beat when management updated its full-year guidance.
AI-first ARR, for all its 150% growth rate, is still just over $650 million against a total ARR base of $27.50 billion, so it remains a small slice of the business even as it scales. The transition arrives at a pivotal moment too, with Chakravarthy set to take the CEO seat on Dec. 1 just as the company leans harder into an unproven agentic-software strategy, and the Topaz Labs deal still needs to clear regulatory approval before it adds anything to the numbers.
#adobe #billion #million
4 hours ago
On September 10, LightPath Technologies (NASDAQ:LPTH) reported fiscal fourth-quarter and full-year results that turned a multiyear strategic bet into a financial statement. Revenue nearly doubled for the year, margins expanded, and the company walked away from its last manufacturing ties to China. For a small-cap optics supplier that spent years explaining a strategy, this was the quarter the strategy started explaining itself.
Annual revenue climbed 92.7% to $71.7 million from $37.2 million, and the fourth quarter alone hit a record $21.2 million, up 73.8% year over year. That growth is not just volume. Full-year gross margin expanded to 36% from 27.2%, and the fourth quarter came in even higher at 39.4%, because ****** emblies, modules and cameras now make up 44% of annual sales instead of being sold as raw components.
CEO Sam Rubin said the shift reflects both a change in what LightPath sells and better execution on what it already made, noting every one of its four product groups improved margin for the year. Backlog finished at $110.9 million, up 197% from $37.4 million a year earlier, with $85.6 million of it scheduled for delivery within 12 months. Weeks after the fiscal year closed, the company booked another $24 million in counter-UAS orders, and some of those programs have already moved to monthly delivery cadences of tens of units.
LightPath also completed its exit from China, selling its subsidiary there for $4.5 million paid out over five years, leaving the company with no manufacturing footprint in a country that increasingly can't supply the defense primes it depends on. That matters because defense programs face a deadline this decade to source optics away from covered nations, and qualification cycles run two to three years, meaning the sourcing decisions being made now will determine who wins contracts in 2029 and 2030.
The company's fourth-quarter net loss narrowed to $4.1 million from $7.1 million a year earlier, but full-year operating expenses jumped to $45.5 million from $22 million, and $15.6 million of that was a noncash charge tied to G5 Infrared outperforming the earnout targets set at acquisition. Management called that charge mostly behind the business now that the final G5 payout has been accrued for January 2027, but it is a reminder that acquisition accounting can swing the income statement even when operations are healthy.
#year #quarter #China
Annual revenue climbed 92.7% to $71.7 million from $37.2 million, and the fourth quarter alone hit a record $21.2 million, up 73.8% year over year. That growth is not just volume. Full-year gross margin expanded to 36% from 27.2%, and the fourth quarter came in even higher at 39.4%, because ****** emblies, modules and cameras now make up 44% of annual sales instead of being sold as raw components.
CEO Sam Rubin said the shift reflects both a change in what LightPath sells and better execution on what it already made, noting every one of its four product groups improved margin for the year. Backlog finished at $110.9 million, up 197% from $37.4 million a year earlier, with $85.6 million of it scheduled for delivery within 12 months. Weeks after the fiscal year closed, the company booked another $24 million in counter-UAS orders, and some of those programs have already moved to monthly delivery cadences of tens of units.
LightPath also completed its exit from China, selling its subsidiary there for $4.5 million paid out over five years, leaving the company with no manufacturing footprint in a country that increasingly can't supply the defense primes it depends on. That matters because defense programs face a deadline this decade to source optics away from covered nations, and qualification cycles run two to three years, meaning the sourcing decisions being made now will determine who wins contracts in 2029 and 2030.
The company's fourth-quarter net loss narrowed to $4.1 million from $7.1 million a year earlier, but full-year operating expenses jumped to $45.5 million from $22 million, and $15.6 million of that was a noncash charge tied to G5 Infrared outperforming the earnout targets set at acquisition. Management called that charge mostly behind the business now that the final G5 payout has been accrued for January 2027, but it is a reminder that acquisition accounting can swing the income statement even when operations are healthy.
#year #quarter #China
5 hours ago
On September 10, Lovesac (NASDAQ:LOVE) reported record second quarter revenue of $161.2 million, its highest Q2 total ever, even as its entry-level furniture shopper kept pulling back. The 0.4% sales increase came almost entirely from showrooms rather than higher-margin online orders, and the quarter's real profit boost was traced to a one-time source. A $20 million tariff refund lifted gross margin by 1,200 basis points to 68.4%, masking an underlying business that actually lost money once that windfall is stripped out.
Configurations priced above $6,000 grew by double digits during the quarter, even against a strong comparison from a year earlier, and management pointed to that segment as the clearest sign the brand's value proposition still resonates. Showroom net sales climbed 4.6% to $114.1 million, helped by 14 net new locations opened over the past year and a double-digit jump in conversion rates that offset softer foot traffic.
The Snugg platform, a smaller and more digitally oriented sofa line, helped push "other products" revenue up 198.2%, with more than half of Snugg sales happening online, giving Lovesac a lower-priced entry point into the brand. The Loved by Lovesac resale program is doing similar work, with 70% of its customers new to the company.
Behind all of this sits a pipeline of four major launches set for the second half: a personalized comfort feature for Sactionals, an entirely new large-format premium seating platform, Snugg accessories including a corner piece and swivel base, and the start of onshore Sactionals seat manufacturing, alongside a national rollout of White Glove and Room of Choice delivery. The balance sheet backs it up, with $68.8 million in cash, no debt, $34 million in unused borrowing capacity, and $7.2 million in buybacks with $46.9 million left under the current authorization.
Omni-channel comparable sales fell 1.9%, driven by demand pressure below $6,000, where management said inflation, higher interest rates, and a spike in gas prices have hit the same buyers for several quarters running. Internet sales dropped 5.3%, Sacs sales fell 8.6%, and the exit of the Best Buy shop-in-shop partnership cut "other" net sales by 23.2%. Strip out the tariff refund and adjusted EBITDA was actually a loss of $1.3 million, compared with income of $0.8 million a year earlier, a sign the core business is less profitable than the headline numbers suggest.
#million #quarter #revenue
Configurations priced above $6,000 grew by double digits during the quarter, even against a strong comparison from a year earlier, and management pointed to that segment as the clearest sign the brand's value proposition still resonates. Showroom net sales climbed 4.6% to $114.1 million, helped by 14 net new locations opened over the past year and a double-digit jump in conversion rates that offset softer foot traffic.
The Snugg platform, a smaller and more digitally oriented sofa line, helped push "other products" revenue up 198.2%, with more than half of Snugg sales happening online, giving Lovesac a lower-priced entry point into the brand. The Loved by Lovesac resale program is doing similar work, with 70% of its customers new to the company.
Behind all of this sits a pipeline of four major launches set for the second half: a personalized comfort feature for Sactionals, an entirely new large-format premium seating platform, Snugg accessories including a corner piece and swivel base, and the start of onshore Sactionals seat manufacturing, alongside a national rollout of White Glove and Room of Choice delivery. The balance sheet backs it up, with $68.8 million in cash, no debt, $34 million in unused borrowing capacity, and $7.2 million in buybacks with $46.9 million left under the current authorization.
Omni-channel comparable sales fell 1.9%, driven by demand pressure below $6,000, where management said inflation, higher interest rates, and a spike in gas prices have hit the same buyers for several quarters running. Internet sales dropped 5.3%, Sacs sales fell 8.6%, and the exit of the Best Buy shop-in-shop partnership cut "other" net sales by 23.2%. Strip out the tariff refund and adjusted EBITDA was actually a loss of $1.3 million, compared with income of $0.8 million a year earlier, a sign the core business is less profitable than the headline numbers suggest.
#million #quarter #revenue
5 hours ago
Steakhouse dining chains have faced a challenging year of rising beef prices, which increased by 9.4% year-over-year in July 2026, making it harder for many restaurants to maintain profitable businesses and keep their doors open.
Among the restaurant chains implementing plans to improve their business performance is Bloomin' Brands' Outback Steakhouse, which has closed locations that no longer make economic sense to operate.
Outback Steakhouse is closing two more of its restaurants about 10 months after the chain's owner Bloomin' Brands launched a multi-year turnaround strategy that will eliminate locations that lack the potential for growth.
The 38-year-old steakhouse chain abruptly closed its Evansville, Wyo., location on Aug. 23, 2026, and posted a farewell note on its front door.
"G'Day Casper/Evansville: Outback Steakhouse is now closed. Thank you for all your support over the last 21 years. It has been a pleasure working with so many great, local Outbackers over the years. To all the fond memories!!! Cheers, The Outback Team," the note stated.
#closed
Among the restaurant chains implementing plans to improve their business performance is Bloomin' Brands' Outback Steakhouse, which has closed locations that no longer make economic sense to operate.
Outback Steakhouse is closing two more of its restaurants about 10 months after the chain's owner Bloomin' Brands launched a multi-year turnaround strategy that will eliminate locations that lack the potential for growth.
The 38-year-old steakhouse chain abruptly closed its Evansville, Wyo., location on Aug. 23, 2026, and posted a farewell note on its front door.
"G'Day Casper/Evansville: Outback Steakhouse is now closed. Thank you for all your support over the last 21 years. It has been a pleasure working with so many great, local Outbackers over the years. To all the fond memories!!! Cheers, The Outback Team," the note stated.
#closed
5 hours ago
On September 10, Shoe Station Group (NASDAQ:SHOE) held its first earnings call under its new name, and the numbers told a story of a company still finding its footing. Second quarter net sales fell 7.2% to $284.3 million from $306.4 million a year earlier, with comparable sales down 7.1%. But buried in the report was a sharper signal: August comparable sales improved to a 2.7% decline, a real jump from the second quarter's pace, and management is pointing to store-by-store product changes as the reason why.
Shoe Station's turnaround argument rests on giving up the idea that every store should look the same. Interim CEO Clifton Sifford said the company had been running nearly identical ***** ortments across its stores even though its two banners serve very different customers, and that approach stopped working. The shift already shows up in the numbers. Once the company localized its athletic ***** ortments ahead of back-to-school, adult athletic sales moved from a low single-digit decline in the second quarter to a low single-digit increase in August.
Running shoes comped positive in both men's and women's categories, and men's work boots, a replenishment category with loyal repeat buyers, grew 2%. Management believes this fall's boot lineup is the best it has fielded in years, heading into what Sifford expects to be a bigger nonathletic fashion cycle. E-commerce sales grew 18.8% even as store traffic fell, and in-store conversion actually improved, evidence that customers who show up are buying; they just are not showing up in the same numbers yet. The company also ended the quarter debt-free with $131.6 million in cash, up $39.7 million from a year ago, giving it room to fund the localized rollout without straining the balance sheet.
The flip side is that the entire second quarter was ugly across the board. Shoe Carnival branded stores, still 63% of revenue, saw sales fall 6.5%, while the newly converted Shoe Station banner dropped 8.4%. Gross profit margin fell 690 basis points to 31.9%, a mix of a promotional footwear market and management's decision to accelerate liquidation of aged inventory, trading margin for cash. That combination cut net income to $6.3 million, or $0.23 per diluted share, down from $19.2 million and $0.70 a year earlier.
Management is not projecting relief anytime soon. Sifford said plainly, "We are not ***** uming the environment improves," and CFO Kerry Jackson noted that gross margins in fiscal August were still running below last year's levels at a pace comparable to the second quarter. Full-year gross margin guidance of 32.5% to 32.7% implies 390 to 410 basis points of compression for the year. Store impairment charges reached $6.7 million on 11 stores year to date, and management has already conceded that the core problem is not price, since conversion rates rose while total customer visits kept falling. That points to a marketing and trust problem rather than a demand problem, and fixing it will take more tha
Shoe Station's turnaround argument rests on giving up the idea that every store should look the same. Interim CEO Clifton Sifford said the company had been running nearly identical ***** ortments across its stores even though its two banners serve very different customers, and that approach stopped working. The shift already shows up in the numbers. Once the company localized its athletic ***** ortments ahead of back-to-school, adult athletic sales moved from a low single-digit decline in the second quarter to a low single-digit increase in August.
Running shoes comped positive in both men's and women's categories, and men's work boots, a replenishment category with loyal repeat buyers, grew 2%. Management believes this fall's boot lineup is the best it has fielded in years, heading into what Sifford expects to be a bigger nonathletic fashion cycle. E-commerce sales grew 18.8% even as store traffic fell, and in-store conversion actually improved, evidence that customers who show up are buying; they just are not showing up in the same numbers yet. The company also ended the quarter debt-free with $131.6 million in cash, up $39.7 million from a year ago, giving it room to fund the localized rollout without straining the balance sheet.
The flip side is that the entire second quarter was ugly across the board. Shoe Carnival branded stores, still 63% of revenue, saw sales fall 6.5%, while the newly converted Shoe Station banner dropped 8.4%. Gross profit margin fell 690 basis points to 31.9%, a mix of a promotional footwear market and management's decision to accelerate liquidation of aged inventory, trading margin for cash. That combination cut net income to $6.3 million, or $0.23 per diluted share, down from $19.2 million and $0.70 a year earlier.
Management is not projecting relief anytime soon. Sifford said plainly, "We are not ***** uming the environment improves," and CFO Kerry Jackson noted that gross margins in fiscal August were still running below last year's levels at a pace comparable to the second quarter. Full-year gross margin guidance of 32.5% to 32.7% implies 390 to 410 basis points of compression for the year. Store impairment charges reached $6.7 million on 11 stores year to date, and management has already conceded that the core problem is not price, since conversion rates rose while total customer visits kept falling. That points to a marketing and trust problem rather than a demand problem, and fixing it will take more tha
5 hours ago
Win or lose, any football game is sure to include some standout individual performances.
Luckily for us, the Jacksonville Jaguars obliterated the Cleveland Browns in Week 1, and there are plenty of game ****** to pass around.
Trevor Lawrence threw 4 touchdowns; Parker Washington had the coolest one of them; Foye Oluokun logged an interception and another pass breakup; Ventrell Miller had a team-high 9 tackles plus a sack and a forced fumble; and Josh Hines-Allen stuffed the stat sheet with 5 tackles, 1.5 sacks, a forced fumble, and a fumble recovery (on different plays!).
After the final whistle, we asked Jaguars fans to pick Big Cat Country's Player of the Week.
81% of voters chose Trevor Lawrence.
#fumble #week #game #forced
Luckily for us, the Jacksonville Jaguars obliterated the Cleveland Browns in Week 1, and there are plenty of game ****** to pass around.
Trevor Lawrence threw 4 touchdowns; Parker Washington had the coolest one of them; Foye Oluokun logged an interception and another pass breakup; Ventrell Miller had a team-high 9 tackles plus a sack and a forced fumble; and Josh Hines-Allen stuffed the stat sheet with 5 tackles, 1.5 sacks, a forced fumble, and a fumble recovery (on different plays!).
After the final whistle, we asked Jaguars fans to pick Big Cat Country's Player of the Week.
81% of voters chose Trevor Lawrence.
#fumble #week #game #forced
5 hours ago
On September 10, IBEX Limited (NASDAQ:IBEX) held its fourth-quarter and full fiscal year 2026 earnings call, and the numbers backed up a message management has been building toward for months. The company posted record full-year revenue, adjusted EBITDA, and free cash flow, all while pitching itself as a business that has flipped the AI narrative in its favor rather than becoming its next casualty. For a sector that has spent the last two years bracing for automation to gut it, that is a notable claim to back with actual client wins.
Full-year revenue hit $644.1 million, up 15.4% organically, and fourth-quarter revenue reached $164.3 million, up 11.6% from a year earlier. That marked the sixth straight quarter of double-digit growth, a streak that suggests the momentum is not a one-off. HealthTech led the charge, climbing 38.5% to $114 million for the year and blowing past the $100 million target management had set for the segment, driven largely by demand from large insurance payers. Technology grew 27.4% in the quarter, while travel and logistics added 17.8%, helped by a new AI agent partnership with Philippine Airlines.
That Philippine Airlines deal is the clearest evidence that IBEX's Sierra AI partnership, formalized in January and announced publicly in May, is more than a slide in an investor deck. During the proof of concept, the AI agent handled interactions in English, Tagalog, and Taglish, hit resolution rates above 20%, and scored a 4.7 out of 5.0 on customer satisfaction, on par with human agents. A separate deployment for BJ's Wholesale pushed resolution rates above 40% and matched that same satisfaction score, beating the marks the client's prior BPO vendor had put up with human agents alone. The company added 17 new trophy logo clients across the year, and its top five clients now make up 33% of revenue, down from 36%, a sign the business is not leaning on a shrinking handful of accounts to carry it.
Not every line moved in the right direction. Fourth quarter GAAP net income slipped to $8.7 million from $9.6 million a year earlier, and diluted EPS fell to $0.59 from $0.66. Management pointed to training costs tied to all those new client wins, a temporary hit from shifting work out of nearshore centers into offshore ones, and higher fuel prices hitting utility and transportation costs, particularly offshore. Adjusted EBITDA margin for the quarter slipped to 12.3% from 13.9%, the same set of pressures showing up in the profitability line rather than just net income.
#revenue #fourth
Full-year revenue hit $644.1 million, up 15.4% organically, and fourth-quarter revenue reached $164.3 million, up 11.6% from a year earlier. That marked the sixth straight quarter of double-digit growth, a streak that suggests the momentum is not a one-off. HealthTech led the charge, climbing 38.5% to $114 million for the year and blowing past the $100 million target management had set for the segment, driven largely by demand from large insurance payers. Technology grew 27.4% in the quarter, while travel and logistics added 17.8%, helped by a new AI agent partnership with Philippine Airlines.
That Philippine Airlines deal is the clearest evidence that IBEX's Sierra AI partnership, formalized in January and announced publicly in May, is more than a slide in an investor deck. During the proof of concept, the AI agent handled interactions in English, Tagalog, and Taglish, hit resolution rates above 20%, and scored a 4.7 out of 5.0 on customer satisfaction, on par with human agents. A separate deployment for BJ's Wholesale pushed resolution rates above 40% and matched that same satisfaction score, beating the marks the client's prior BPO vendor had put up with human agents alone. The company added 17 new trophy logo clients across the year, and its top five clients now make up 33% of revenue, down from 36%, a sign the business is not leaning on a shrinking handful of accounts to carry it.
Not every line moved in the right direction. Fourth quarter GAAP net income slipped to $8.7 million from $9.6 million a year earlier, and diluted EPS fell to $0.59 from $0.66. Management pointed to training costs tied to all those new client wins, a temporary hit from shifting work out of nearshore centers into offshore ones, and higher fuel prices hitting utility and transportation costs, particularly offshore. Adjusted EBITDA margin for the quarter slipped to 12.3% from 13.9%, the same set of pressures showing up in the profitability line rather than just net income.
#revenue #fourth
5 hours ago
Walmart (WMT) recently took another step into restaurant delivery, announcing a national partnership with Inspire Brands that puts it more directly in competition with DoorDash (DASH) and Uber Technologies' (UBER) Uber Eats. But the expansion announced recently is still largely limited to restaurants operating as tenants inside Walmart stores, where the logistics are considerably easier to manage. The bigger question is what happens when the company moves beyond these in-store tenants and takes on the more difficult parts of the restaurant delivery market. Until then, the current expansion says more about Walmart's ambition than its ability to become a structural competitor to the established players.
Walmart is expanding its restaurant delivery strategy through a new collaboration with Inspire Brands, whose portfolio includes Arby's, Jimmy John's, Dunkin, Baskin-Robbins, and Sonic. The partnership will bring restaurant delivery into Walmart's app. Dunkin' will be the first brand to launch, starting with 150 in-store tenant locations. Walmart and Dunkin' then plan to expand the offering to most of Dunkin's roughly 10,000 U.S. restaurants, including locations outside Walmart's stores. The broader opportunity is built around Walmart's existing physical footprint. A customer could place a restaurant order alongside a Walmart purchase and receive both through the same delivery. The retail giant says its footprint is located within 10 miles of about 90% of the U.S. population.
Dear ****** eX Stock Fans, Mark Your Calendars for September 21
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.
#uber #Stock #inspire #launch
Walmart is expanding its restaurant delivery strategy through a new collaboration with Inspire Brands, whose portfolio includes Arby's, Jimmy John's, Dunkin, Baskin-Robbins, and Sonic. The partnership will bring restaurant delivery into Walmart's app. Dunkin' will be the first brand to launch, starting with 150 in-store tenant locations. Walmart and Dunkin' then plan to expand the offering to most of Dunkin's roughly 10,000 U.S. restaurants, including locations outside Walmart's stores. The broader opportunity is built around Walmart's existing physical footprint. A customer could place a restaurant order alongside a Walmart purchase and receive both through the same delivery. The retail giant says its footprint is located within 10 miles of about 90% of the U.S. population.
Dear ****** eX Stock Fans, Mark Your Calendars for September 21
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.
#uber #Stock #inspire #launch
5 hours ago
On September 10, 1-800-Flowers.com Inc. (NASDAQ:FLWS) reported fiscal 2026 results that read like a company still finding its footing after a hard year. Full year revenue fell 10.8% to $1.5 billion, and the fourth quarter alone dropped 12.9% to $293.1 million, as consumers stayed selective with discretionary spending on gifts and gourmet food. Buried under those declines, though, is a different story: inventory shrank, free cash flow improved by $55 million, and the company hit a two-year cost savings target a full year early. The question now is whether that discipline can outrun the sales slide.
1-800-Flowers spent fiscal 2026 tearing down the walls between its brands. Instead of separate teams running each brand in silos, the company shifted to functional teams built around marketing, merchandising, and the digital shopping experience, with one team now acting as store manager for every website. That shift already shows up in products: the floral business combined its florist-fulfilled and direct-ship merchandising teams, so the same popular arrangements are available either way, instead of competing against itself on one landing page. Harry & David rolled out a redesigned, mobile-first website with AI-powered search that is currently in A/B testing, and several low-traffic standalone sites were folded into harryanddavid.com to concentrate traffic rather than split it.
The financial discipline behind that reorganization is real. The company reached its $50 million cost savings run rate a full year ahead of schedule and has already lined up another $15 million to $20 million in savings for fiscal 2027, with the full benefit landing in fiscal 2028. That, combined with tighter working capital management, pushed free cash flow up $55 million year over year and cut inventory to $153 million from $177 million. Average order value rose 5.5%, third-party marketplace sales through Amazon, Walmart, and DoorDash are growing at double-to-triple-digit rates and are already contribution margin positive, and BloomNet grew 1.9% on the back of local delivery partnerships with apps like DoorDash and Instacart.
The rest of the story is bleaker. Total transactions fell 17.6% for the year, and the fourth quarter's decline was broad-based: consumer floral and gifts dropped 13.4% to $182.8 million as the company pulled back on promotional discounting, and gourmet foods and gift baskets fell 15.4% to $85.8 million, a decline made worse by the timing of Easter. Adjusted EBITDA for the year collapsed to $2.9 million from $29.2 million, and adjusted gross margin slipped 110 basis points to 38%. Even the fourth quarter's 34.7% gross margin leaned on a one-time $7 million tariff refund.
#fiscal
1-800-Flowers spent fiscal 2026 tearing down the walls between its brands. Instead of separate teams running each brand in silos, the company shifted to functional teams built around marketing, merchandising, and the digital shopping experience, with one team now acting as store manager for every website. That shift already shows up in products: the floral business combined its florist-fulfilled and direct-ship merchandising teams, so the same popular arrangements are available either way, instead of competing against itself on one landing page. Harry & David rolled out a redesigned, mobile-first website with AI-powered search that is currently in A/B testing, and several low-traffic standalone sites were folded into harryanddavid.com to concentrate traffic rather than split it.
The financial discipline behind that reorganization is real. The company reached its $50 million cost savings run rate a full year ahead of schedule and has already lined up another $15 million to $20 million in savings for fiscal 2027, with the full benefit landing in fiscal 2028. That, combined with tighter working capital management, pushed free cash flow up $55 million year over year and cut inventory to $153 million from $177 million. Average order value rose 5.5%, third-party marketplace sales through Amazon, Walmart, and DoorDash are growing at double-to-triple-digit rates and are already contribution margin positive, and BloomNet grew 1.9% on the back of local delivery partnerships with apps like DoorDash and Instacart.
The rest of the story is bleaker. Total transactions fell 17.6% for the year, and the fourth quarter's decline was broad-based: consumer floral and gifts dropped 13.4% to $182.8 million as the company pulled back on promotional discounting, and gourmet foods and gift baskets fell 15.4% to $85.8 million, a decline made worse by the timing of Easter. Adjusted EBITDA for the year collapsed to $2.9 million from $29.2 million, and adjusted gross margin slipped 110 basis points to 38%. Even the fourth quarter's 34.7% gross margin leaned on a one-time $7 million tariff refund.
#fiscal
5 hours ago
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Iran-related news will be focus over the weekend. The Federal Reserve meeting will take center stage this coming week, with markets largely pricing in an interest rate hike on Sept. 16.
The stock market lost ground this past week as Treasury yields and oil prices surged, but rebounded Friday following the CPI inflation report. The S&P 500 and Nasdaq in particular made bullish technical moves.
Apple (AAPL), Moderna (MRNA), NetApp (NTAP) and Arista Networks (ANET) flashed buy signals heading into the weekend, with many others setting up.
Investors can make buys, but the market remains rangebound and ****** e to rapid sector rotation.
Apple stock is on SwingTrader. Arista Networks and NetApp stock are on the IBD 50. Apple stock and NetApp are on the IBD Big Cap 20. Arista stock is on IBD Sector Leaders.
#NASDAQ #sector #weekend
The stock market lost ground this past week as Treasury yields and oil prices surged, but rebounded Friday following the CPI inflation report. The S&P 500 and Nasdaq in particular made bullish technical moves.
Apple (AAPL), Moderna (MRNA), NetApp (NTAP) and Arista Networks (ANET) flashed buy signals heading into the weekend, with many others setting up.
Investors can make buys, but the market remains rangebound and ****** e to rapid sector rotation.
Apple stock is on SwingTrader. Arista Networks and NetApp stock are on the IBD 50. Apple stock and NetApp are on the IBD Big Cap 20. Arista stock is on IBD Sector Leaders.
#NASDAQ #sector #weekend
