Manhattan Associates Inc Stock Price, News & Analysis

Windsor, a leading women's fashion retailer, has chosen Manhattan Active® Point of Sale (POS) to enhance its omnichannel shopping experience. The implementation across Windsor's 300+ store network is set to complete this summer. This upgrade from their existing POS solution is driven by Windsor's rapid growth and need for a flexible system adaptable to the dynamic retail environment.

Manhattan Active POS is a cloud-native retail solution that offers robust capabilities for customer engagement and clienteling. It enables retailers to sell, fulfill, and engage with customers anywhere, transforming stores into experiential showrooms, customer service centers, and neighborhood fulfillment points. The system is automatically updated with new features and functions every quarter, ensuring Windsor stays current with the latest retail technology.

Manhattan Associates released findings from its 2024 Supply Chain Confidence Survey, revealing insights into retailer, supply chain expert, and consumer sentiments for the upcoming holiday season. The survey, conducted in September 2024, highlights:

1. 85% of consumers cite inflation as a top concern, with 64% reducing non-essential spending.
2. 61% of supply chain leaders have invested in new technologies to improve efficiency and reduce costs.
3. 70% of retailers anticipate higher holiday costs, with many offering increased sales and discounts.
4. 80% of retail and supply chain leaders are leveraging AI tools for inventory management and demand forecasting.
5. 92% of retail leaders feel confident in their fulfillment capabilities.
6. 40% of consumers are planning their shopping earlier due to the compressed holiday season.

The survey also notes the impact of the upcoming presidential election on holiday spending across different generations.

Manhattan Associates Inc. (NASDAQ: MANH) has announced the release date for its third quarter 2024 financial results. The company will disclose its financial performance on Tuesday, October 22, 2024, after the stock market closes. Following the press release, Manhattan Associates' senior management will host a conference call at 4:30 p.m. Eastern time on the same day.

Investors can access a live webcast of the conference call through the Investor Relations section of Manhattan Associates' website at ir.manh.com. For those unable to attend the live broadcast, a replay will be available shortly after the call by dialing +1-877-660-6853 in the U.S. and Canada, or +1-201-612-7415 outside the U.S., using the Access I.D. 13749417. The phone replay will be accessible for two weeks, while the internet broadcast will remain available until the fourth quarter 2024 earnings release.

Manhattan Associates (NASDAQ: MANH) has garnered multiple awards for its outstanding workplace culture, highlighting its commitment to employee well-being. The company received recognition from several prestigious organizations, including:

1. Aetna Workplace Well-Being Awards (Platinum winner)
2. Atlanta Business Chronicle's Healthiest Employers list
3. Atlanta Journal Constitution's Top Workplaces
4. Newsweek's America's Greatest Workplaces for Parents & Families 2024

Manhattan Associates prioritizes employee health, family programs, and an inclusive work environment. The company offers various health-related initiatives, including screenings, nutrition webinars, free licensed therapy, and fitness challenges. Employees also have opportunities to participate in community service activities.

Manhattan Associates (NASDAQ: MANH) reported record Q2 2024 results, surpassing expectations. Key highlights include:

- Revenue: $265.3 million (up from $231.0 million in Q2 2023)
- GAAP EPS: $0.85 (up from $0.63 in Q2 2023)
- Non-GAAP EPS: $1.18 (up from $0.88 in Q2 2023)
- Cloud subscription revenue: $82.4 million (up from $60.9 million in Q2 2023)
- RPO bookings increased 29% year-over-year

The company raised its 2024 full-year guidance, citing strong demand and a record pipeline. Manhattan Associates repurchased 342,807 shares for $75.0 million in Q2 and the Board approved replenishing the share repurchase authority to $75.0 million in July 2024.

Manhattan Associates (NASDAQ: MANH) reported record Q2 2024 results, with revenue of $265.3 million, up from $231.0 million in Q2 2023. GAAP diluted EPS increased to $0.85 from $0.63, while non-GAAP adjusted diluted EPS rose to $1.18 from $0.88. Cloud subscription revenue grew to $82.4 million, up from $60.9 million.

The company raised its 2024 full-year guidance, projecting total revenue between $1,036 million and $1,044 million, representing 12% growth. GAAP EPS is expected to be $3.08-$3.16, with adjusted EPS of $4.22-$4.30. Manhattan Associates reported strong demand, with RPO bookings increasing 29% over the prior year.

Manhattan Associates Inc. (NASDAQ: MANH) has been awarded the Overall Innovation of the Year for 2024 by SupplyTech Breakthrough. The recognition is for Manhattan Active® Yard Management, a groundbreaking solution that unifies distribution and logistics functions. This next-generation solution seamlessly integrates with Manhattan's warehouse and transportation management systems on a single cloud-native platform, completing the digital unification of distribution and logistics.

The innovation addresses the historically weak link in end-to-end supply chains, providing real-time insights and dynamic updates. It offers complete visibility into yard operations, leading to higher warehouse efficiencies and faster transportation networks. The solution is immediately available to all Manhattan Active® Warehouse Management customers as part of their subscription.

Manhattan Associates Inc. (NASDAQ: MANH) announced the winners of its Spotlight on Innovation Awards at Momentum 2024. The awards recognize companies that have excelled in using Manhattan's supply chain commerce solutions to expand their business, improve customer experience, and pioneer industry changes.

The winners include:

• Victoria's Secret for Best Retail Customer Experience
• Wayfair for Transportation Innovation Leader
• Floor & Decor for Inventory Innovator
• Schneider Electric for Most Sustainable Supply Chain
• Ngoc Phan of Nordstrom for Outstanding Woman in Supply Chain

These companies have demonstrated exceptional use of technology to enhance omnichannel shopping, optimize logistics, unify inventory management, decarbonize supply chains, and implement innovative supply chain infrastructure.

Manhattan Associates (NASDAQ: MANH) announced they will release their second quarter 2024 financial results on July 23, 2024, after market close. Following the release, senior management will host a conference call at 4:30 p.m. Eastern time, available via live webcast on the Investor Relations section of their website. To participate, investors should visit the site 15 minutes early for any necessary software downloads. A replay will be available shortly after the call, accessible by phone or via the web until the third quarter 2024 results are announced. Detailed financial performance information will be posted on their Investor Relations website.