Manhattan Associates Inc Stock Price, News & Analysis

Manhattan Associates (NASDAQ: MANH) announced that WSI, a top U.S. third-party logistics provider, has adopted the Manhattan Active® Warehouse Management system. This decision follows WSI's plan to enhance its logistics services and adapt to shifting market trends, particularly in e-commerce. Manhattan Active WMS is recognized for its cloud-native capabilities, automatic scalability, and comprehensive distribution management features. The partnership aims to improve operational efficiency and client service, enabling WSI to better respond to evolving market conditions.

Manhattan Associates reported a strong Q1 2021, with revenue of $156.9 million, up from $153.9 million in Q1 2020. Both GAAP and non-GAAP diluted earnings per share (EPS) were $0.35, while adjusted EPS increased to $0.43 from $0.40 year-over-year. Record bookings were reported with a RPO of $421 million, doubling from last year. The company raised its full-year revenue guidance to $625-$640 million, with an adjusted EPS forecast of $1.60-$1.70. Cash flow from operations improved significantly to $39.9 million.

Manhattan Associates (NASDAQ: MANH) has been recognized as a Leader in Gartner's Magic Quadrant for Transportation Management Systems for three consecutive years. This acknowledgment highlights the company's advanced transportation management solutions, which address evolving consumer delivery expectations and business continuity needs. Manhattan's TMS scored among the top three for Complexity Use Cases and received high customer ratings for Integration & Deployment and Service & Support. The software enhances profitability while minimizing environmental impact.

Manhattan Associates (NASDAQ: MANH) has partnered with At Home Group Inc. (NYSE: HOME) to implement its advanced Manhattan Active® Omni order management system (OMS) to enhance At Home's sales, service, and fulfillment operations. This technological integration aims to optimize inventory availability and improve in-store fulfillment. At Home, operating 225 locations across the U.S., believes that Manhattan’s OMS will strengthen its omnichannel customer experience and support future e-commerce enhancements.

Manhattan Associates (NASDAQ: MANH) will release its Q1 2021 financial results on April 27, 2021, post-market close. A conference call will follow at 4:30 PM ET, where senior management will discuss the results. Investors can access the live webcast through the company's investor relations website. For those unable to attend live, a replay will be available for two weeks via phone and online. Manhattan Associates is a leader in supply chain and omnichannel commerce technology, providing solutions to enhance sales and operational efficiency.

On April 5, 2021, Manhattan Associates (NASDAQ: MANH) announced that Groupe Dynamite has selected its Manhattan Active Point of Sale solution to enhance customer experience. The deployment will start in 10 pilot stores this summer, aiming for rollout across 300+ locations. Groupe Dynamite faced challenges with an outdated POS system, limiting their omnichannel capabilities. The new system will support advanced fulfillment methods, aligning with evolving shopping behaviors and improving scalability.

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.