Welcome to our dedicated page for Leaf Group news (Ticker: LEAF), a resource for investors and traders seeking the latest updates and insights on Leaf Group stock.
Leaf Group Ltd. (LEAF) operates at the intersection of digital media and lifestyle commerce, building creator-driven brands like Well+Good and Saatchi Art. This news hub provides investors and industry observers with timely updates on corporate developments shaping the fitness, wellness, and design sectors.
Access curated press releases and analysis covering earnings reports, strategic partnerships, product launches, and leadership changes. Our aggregation ensures efficient tracking of LEAF's dual focus: content-driven platforms in wellness and design-focused e-commerce marketplaces.
Key updates include expansions in digital advertising strategies, community engagement initiatives, and technological enhancements across their brand portfolio. Bookmark this page for verified information supporting informed analysis of LEAF's position in competitive consumer internet markets.
Well+Good has launched its 11th annual Wellness Trends report, analyzing significant changes in the wellness industry due to the pandemic. This report highlights six key categories: Beauty, Fitness, Food, Self Care, Health, and Home. Innovations such as high-tech sneakers, new pandemic-related beauty products, and adaptogenic mushrooms are set to trend in 2021. The report emphasizes a shift towards more inclusive, equitable, and sustainable practices in wellness. For more information, visit Well+Good's website.
Society6 continues its strong performance, reporting a record-setting Gross Transaction Value (GTV) of $21.3 million for November 2020, up 161% year-over-year. During the Cyber Holiday Week, GTV averaged 93% growth compared to the prior year, with Cyber Monday alone generating $2.0 million. Key product categories included wall art and home decor, with impressive sales of framed art prints and throw pillows. Society6 supports around 400,000 artists, having paid over $69 million since inception.
Livestrong.com has launched the Cardio-for-a-Cause Challenge to encourage 30 minutes of cardio exercise five days a week during December. This initiative supports Back on My Feet, a nonprofit aiding the homeless through running and community. Participants can use the Charity Miles app to log workouts and gather donations. Livestrong.com is donating $10,000 to the cause and urges readers to contribute as well. The Challenge coincides with 'Giving Tuesday,' promoting fitness while helping those in need.
Leaf Group Ltd. (NYSE: LEAF) announced participation in the 24th Annual Credit Suisse Technology Conference on November 30, 2020. CEO Sean Moriarty and CFO Brian Gephart will host virtual investor calls and a webcast at 3:40 PM EST. The latest investor presentation will be available on the company's Investor Relations website.
Leaf Group is a diversified consumer internet company focused on creator-driven brands in lifestyle categories, including fitness, wellness, art, and design.
Leaf Group Ltd. (NYSE: LEAF) appointed Harold (Hal) Logan to its Board of Directors, effective November 20, 2020. With over 20 years of senior management experience, Logan has held leadership roles in software and information businesses. He is expected to enhance the company's strategic direction following a strong performance in 2020. Logan's diverse background and insights are seen as critical in capitalizing on shifts in consumer behavior, fostering continued growth and shareholder value.
Leaf Group Ltd. (NYSE: LEAF) announced the appointment of Jody Rones as Senior Vice President, Brand Partnerships on November 18, 2020. Rones brings over 15 years of sales expertise, notably as Chief Revenue Officer at Thrillist. He will lead Leaf Group's global sales team, focusing on innovative, multi-brand advertising campaigns. CEO Sean Moriarty expressed confidence in Rones' ability to enhance the company's digital business through effective marketing strategies. Leaf Group is recognized for its creator-driven brands in lifestyle categories like fitness, wellness, and home design.
Leaf Group (NYSE: LEAF) addressed shareholders in response to an Investor Group proposal insisting on a new strategic review by March 31, 2021, unless the stock price averages $9.00. Key demands include the appointment of two new Directors affiliated with the Investor Group, capping the Board size at seven, and a stock award for CEO Sean Moriarty connected to a potential company sale. Leaf Group asserts that the proposal serves the narrow interests of the Investor Group, claiming the current strategic plan is crucial for enhancing shareholder value and that initiating a second review risks disrupting positive momentum.
Leaf Group Ltd. (NYSE: LEAF) announces the retirement of John Pleasants from its Board of Directors, effective November 6, 2020. The company appointed Rob Krolik and Suzanne Hopgood to the board, bringing expertise in finance and corporate governance. This leadership change comes during a period of strong revenue growth for Leaf Group, which has achieved its best performance in over a decade. Chair Deborah Benton expressed confidence in the new members' ability to guide the company toward its 2022 targets.
Leaf Group Ltd. (LEAF) announced its Q3 2020 financial results, reporting a 58% increase in total revenue year-over-year, totaling $63.3 million. The Society6 Group revenue surged 127% to $43.6 million, driven by a 140% growth in Direct-to-Consumer sales. Net income reached $3.7 million, a significant improvement from a loss of $4.5 million in Q3 2019. However, Media Group revenue declined by 10% to $15 million due to a 37% drop in visits. Cash and cash equivalents stood at $33 million amid $11.4 million debt outstanding. The company has restructured its reporting segments to enhance clarity.
