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Alliance Entertainment Holding Corporation - $AENT STOCK NEWS

Welcome to our dedicated page for Alliance Entertainment Holding Corporation news (Ticker: $AENT), a resource for investors and traders seeking the latest updates and insights on Alliance Entertainment Holding Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alliance Entertainment Holding Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alliance Entertainment Holding Corporation's position in the market.

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Alliance Entertainment Holding (Nasdaq: AENT) announced their results for the latest Record Store Day event, with sales soaring by over 30% compared to the previous year. The company shipped more than 600,000 units across 400 unique titles to participating retailers, marking their largest sales month ever. With vinyl records gaining popularity, Alliance Entertainment continues to lead in distributing exclusive Record Store Day products to independent retail stores.

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End-of-Day
7.51%
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Rhea-AI Summary
Alliance Entertainment Holding (Nasdaq: AENT) will host a conference call on May 9, 2024, at 4:30 p.m. Eastern Time to discuss its fiscal third quarter 2024 results. Executive Chairman Bruce Ogilvie and CEO/CFO Jeff Walker will lead the call, followed by a Q&A session. The call will be accompanied by a presentation accessible via the Company's website.
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Alliance Entertainment Holding (Nasdaq: AENT) to attend Music Biz 2024 in Nashville to highlight the success of physical media, with K-Pop sales up 56.2% YoY to $49.8 million. Company executives to discuss business development opportunities and initiatives with key suppliers and retailers.
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End-of-Day
1.91%
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conferences
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Alliance Entertainment Holding (Nasdaq: AENT) plans to showcase its 873,000 sq ft warehouse with advanced storage and retrieval technology. The company aims to update investors on its shift towards larger scale automation and profitable sales strategies.
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-2.24%
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Alliance Entertainment Holding (Nasdaq: AENT) is implementing Sure Sort X technology at its Kentucky facility, expecting annual labor savings of $400,000 and immediate savings of $460,000. The technology is set to streamline processes, provide new capabilities, and offer continuous improvement. With nearly eight billion items sorted to date, Sure Sort X is a state-of-the-art product handling system. Alliance Entertainment's Kentucky warehouse covers 873,000 sq feet, warehousing 31 million units of entertainment products, and ships 52 million units annually. The company also introduced an AutoStore system in 2023 to maximize space and improve efficiency. The introduction of Sure Sort X aims to enhance operational efficiency, save time and money, and exceed customer expectations. The ROI from redirecting current processes into Sure Sort X is three years, with expectations of further reduction through continuous improvement.
Rhea-AI Impact
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End-of-Day
-4.02%
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Alliance Entertainment Holding Corporation (Nasdaq: AENT) will attend the 36th Annual ROTH Conference to discuss strategic and financial improvements that led to reduced inventory and debt. The fiscal second quarter showed a decrease in inventory from $175 million to $114 million and debt from $177 million to $107 million. The company reported quarterly Revenue of $425.6 million, Adjusted EBITDA of $17.9 million, Gross Profit up 128% to $47.7 million, and Net Income of $8.9 million driven by these improvements.
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Rhea-AI Sentiment
End-of-Day
-12.24%
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conferences
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Alliance Entertainment Holding Corporation (AENT) reported Q2 FY 2024 net revenues of $425.6 million, a gross profit increase of 128% to $47.7 million, and a net income of $8.9 million. The company also achieved a 3-year $120 million senior secured asset-based credit facility with White Oak Commercial Finance, LLC, and significantly reduced inventory and debt. AMPED achieved a record-breaking 24 Grammy nominations for 19 artists, and the company also announced a 100% vestment of equity grants to 597 employees. Despite a decrease in net revenues for the fiscal second quarter, the company showed positive financial and operational improvements.
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Rhea-AI Sentiment
End-of-Day
4.79%
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Alliance Entertainment Holding Corporation (Nasdaq: AENT) proudly announced the launch of the highly anticipated album 'Coming Home' by pop and R&B sensation USHER. The physical release is timed perfectly for USHER's Super Bowl LVIII halftime show, with multiple versions available in CD and vinyl LP formats at prominent retailers. AMPED Distribution, the company's Independent Music distribution arm, has strategically ensured availability in brick-and-mortar stores just in time for the Friday street-date, preceding the Super Bowl halftime show. The album features collaborations with well-known artists and has already shown radio success, promising a memorable musical journey for fans worldwide.
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End-of-Day
-0.74%
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Rhea-AI Summary
Alliance Entertainment Holding Corporation (Nasdaq: AENT) will hold a conference call on February 8, 2024, to discuss its results for the fiscal second quarter ended December 31, 2023. Executive Chairman Bruce Ogilvie, and CEO and CFO Jeff Walker will host the call, followed by a question-and-answer session. The call will be broadcast live and available for replay. The Company is a distributor and wholesaler of music, movies, video games, electronics, arcades, toys, and collectibles.
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Alliance Entertainment Holding Corporation (Nasdaq: AENT) has announced that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) after the closing bid price of the Company's common stock has been at $1.00 per share or greater for ten consecutive business days from January 4, 2024, to January 18, 2024.
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Rhea-AI Sentiment
End-of-Day
-4.11%
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Alliance Entertainment Holding Corporation

Nasdaq:AENT

AENT Rankings

AENT Stock Data

109.50M
3.25M
93.14%
0.39%
0.05%
Automobile and Other Motor Vehicle Merchant Wholesalers
Wholesale Trade
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United States of America
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