Manhattan Associates Inc Stock Price, News & Analysis

Manhattan Associates (NASDAQ: MANH) announced a partnership with RaiaDrogasil, Brazil's leading pharmacy, to implement Manhattan Active Transportation Management. The system aims to enhance logistics operations across RaiaDrogasil's distribution centers, optimizing ecommerce fulfillment and store replenishment. The first phase will be completed in 10 weeks at the São Paulo distribution center in Q4 2021. With 11 distribution centers and over 2,300 stores, RaiaDrogasil is set to improve supply chain efficiency through advanced planning features offered by Manhattan Active.

Manhattan Associates (NASDAQ: MANH) has partnered with C&A, a leading fashion retailer, to implement its Manhattan Active Warehouse Management system across five Brazilian distribution centers by 2022. This initiative began with C&A's ecommerce fulfillment center in São Paulo, designed to support the retailer's growing online business, which saw a 300% growth in 2020. The cloud-native system is expected to enhance supply chain speed and improve inventory management, ultimately leading to better customer experiences.

Manhattan Associates reported strong Q2 2021 results, with revenue reaching $166.1 million, a 22.5% increase from Q2 2020. GAAP diluted EPS rose to $0.48 from $0.30 year-over-year. The company achieved a remarkable 117% surge in RPO bookings, totaling $489 million, driven by increased demand for its cloud solutions. Manhattan has raised its full-year guidance, expecting revenue of $643-$650 million and GAAP EPS of $1.50-$1.56. Cash flow from operations was $45.5 million for Q2, while share repurchases amounted to $32.9 million.

Manhattan Associates (NASDAQ: MANH) will announce its Q2 2021 financial results on July 27, 2021, post-market. A conference call with senior management is scheduled for the same day at 4:30 p.m. ET, available via live webcast on the company's investor relations website. Investors can access a replay of the call through designated phone numbers or the website shortly after the event, lasting for two weeks. Manhattan Associates is recognized as a leader in supply chain and omnichannel commerce technology.

Manhattan Associates (NASDAQ: MANH) announced that Graybar has chosen to implement Manhattan Active Warehouse Management to enhance its warehouse operations by the end of this year. Graybar, a leading distributor of electrical and data networking products, selected this cloud-native system for its scalability and reduced IT requirements. This system unifies distribution management without the need for upgrades. Executives from both companies expressed enthusiasm for the partnership, emphasizing its potential to improve customer service and supply chain efficiency.

Manhattan Associates (NASDAQ: MANH) announced that Hy-Vee has selected its transportation management system (TMS) to enhance logistics efficiency and visibility. With over 275 retail stores and annual sales of $11 billion, Hy-Vee aims to improve the handling of perishable goods. Manhattan's TMS provides a comprehensive solution for managing all transportation functions, focusing on cost reduction and service improvement. This partnership underscores Manhattan's capability to deliver reliable technology to complex logistics operations.

Manhattan Associates (NASDAQ: MANH) announced that Hot Topic, Inc. has chosen to upgrade its warehouse management system (WMS) to Manhattan Active® Warehouse Management. This transition to a cloud-native system will enhance order processing, warehouse execution, and picking capabilities. The upgrade aligns with Hot Topic's growth strategy as it manages multiple brands and fulfillment centers. COO Mike Yerkes emphasized the importance of supporting online growth and automation integration in their decision. Bob Howell from Manhattan Associates expressed pride in their long-standing partnership and commitment to Hot Topic's success.

Manhattan Associates (NASDAQ: MANH) has partnered with Lands' End to implement its Manhattan Active Supply Chain solution. This initiative supports Lands' End's Uni-Channel strategy, aimed at enhancing customer experience across multiple shopping platforms, including online and retail. The implementation will begin with Transportation Management in June and Warehouse Management in August. The collaboration is expected to provide improved agility and control over supply chain operations, crucial for meeting evolving customer demands.

Manhattan Associates Inc. has announced a significant advancement in supply chain efficiency with the introduction of Manhattan Active Supply Chain, a single cloud-native application that integrates distribution, transportation, labor, and automation. This technology merges viewing, planning, optimization, and execution activities, enhancing operational agility and productivity. By unifying these capabilities, the solution aims to accelerate deliveries, improve worker productivity, and provide real-time analytics, establishing a comprehensive environment for supply chain management.