Manhattan Associates Inc Stock Price, News & Analysis

Manhattan Associates (NASDAQ: MANH) has partnered with NBG Home, a global leader in home décor manufacturing, to implement the innovative Manhattan Active Warehouse Management system across four distribution centers. This solution, the first cloud-native enterprise-class WMS, will enhance NBG Home's operational agility and streamline order processing. The initial deployment will occur at the Goose Creek, South Carolina facility by mid-2021. The collaboration aims to equip NBG Home with superior logistics capabilities to efficiently adapt to market changes and maintain a competitive edge.

Manhattan Associates has reported significant insights from a study conducted with Incisiv, highlighting challenges and opportunities in retail fulfillment amidst rising e-commerce trends. The pandemic spurred a five-fold increase in e-commerce volume in 2020, pressuring retailers to enhance profitability in order fulfillment methods like BOPIS and curbside pickup. Key findings reveal that 79% of retailers reported decreased profitability in store-based fulfillment, while 80% expect an uptick in shopper demand for these services. The study emphasizes the need for frictionless customer experiences and improved inventory accuracy.

Manhattan Associates Inc. (NASDAQ: MANH) will release its fourth quarter 2020 financial results on February 2, 2021, after market close, followed by a conference call at 4:30 p.m. ET. Investors can access the live webcast on their investor relations website. A replay will be available by phone and online shortly after the call. Manhattan Associates specializes in supply chain technology and omnichannel commerce, providing cloud and on-premises solutions to enhance growth and profitability for clients.

Manhattan Associates reports Q3 2020 revenue of $149.8 million, down from $162.3 million in Q3 2019. Q3 GAAP earnings per share (EPS) decreased to $0.39 from $0.42 year-over-year. Despite these declines, the company raised its full-year revenue, operating margin, and EPS guidance, indicating confidence in future performance. Cloud subscription revenue grew to $21.1 million, up from $14.2 million in Q3 2019. Cash flow from operations increased to $42.5 million. The company suspended its share repurchase program due to COVID-19 impacts.

Manhattan Associates has launched Manhattan Active® Allocation, a new allocation solution designed for the omnichannel marketplace. This innovative product is tailored for managing short lifecycle inventory in sectors like apparel and footwear. Key features include real-time insights into omni-fulfillment strategies such as BOPIS and curbside pickup, pre-season allocation decisions, and adaptable allocation plans to reduce markdowns. Built on a microservices architecture, this cloud-native solution is designed to scale with business needs, aiming to maximize profitability and minimize financial risks.

Manhattan Associates (NASDAQ: MANH) announced that L’Oréal will implement its Manhattan Active® Warehouse Management solution. The project is set to launch by mid-2021 and aims for global deployment across L’Oréal’s distribution centers by the end of 2023. This cloud-native system will enhance digitalization, efficiency, and productivity, crucial for L’Oréal's supply chain operations. The roll-out begins in Europe, showcasing Manhattan's capabilities to multinational brands.

Manhattan Associates (NASDAQ: MANH) will release its third quarter 2020 financial results on October 22, 2020, post-market close. A conference call with senior management will follow at 4:30 PM ET. Investors can access a live webcast through the investor relations section of the Manhattan Associates website, with an option for replay available for two weeks after the call. The company specializes in supply chain and omnichannel commerce technology, providing cloud and on-premises solutions to enhance profitability and growth for customers.

Manhattan Associates reported Q2 2020 revenue of $135.6 million, down from $154.3 million in Q2 2019. GAAP diluted EPS was $0.30, compared to $0.32 in the previous year. The company raised its full-year revenue and earnings guidance due to strong cloud business growth, with cloud subscription revenue increasing to $18.5 million from $9.0 million YoY. However, services revenue fell to $71.8 million from $94.0 million, attributed to delays linked to the COVID-19 pandemic. Manhattan's cash flow improved to $48.8 million from $37.2 million in Q2 2019.

Manhattan Associates (NASDAQ: MANH) will announce its Q2 2020 financial results on July 23, 2020, after market closure. A conference call with senior management will follow at 4:30 PM ET on the same day. Investors can access the live webcast via the investor relations section of their website. For those unable to join live, a replay will be available shortly after the call. Manhattan Associates continues to advance its technology leadership in supply chain and omnichannel commerce, providing integrated solutions to enhance profitability and growth for customers.