Spar Group Inc Stock Price, News & Analysis

SPAR Group, Inc. (NASDAQ: SGRP) will participate in the virtual East Coast IDEAS Investor Conference on June 23, 2022. Presenters include CEO Mike Matacunas and CFO Fay DeVriese. The presentation will be available on June 22 at 6:00 am ET, accessible via the conference site and SPAR's investor relations webpage. IDEAS Conferences aim to provide quality companies a platform to present to investment professionals. With over 25,000 team members globally, SPAR specializes in merchandising and marketing services, fostering long-term relationships with leading retailers and manufacturers.

SPAR Group (NASDAQ: SGRP) has authorized a new share buyback program allowing the repurchase of up to 500,000 shares in the open market. This decision reflects management's confidence in the company's long-term growth and commitment to enhancing shareholder value. The plan will be funded through existing cash balances and may be modified or terminated by the Board. The buyback program is set to conclude by May 12, 2023, with timing influenced by market conditions and the company's cash flow.

SPAR Group, Inc. (NASDAQ: SGRP) reported first-quarter 2022 earnings of $0.03 per share, with net revenues of $59 million, down 3.4% year-over-year. The Americas segment faced a 4.9% revenue decline, while EMEA saw a 19.5% increase. Gross profit remained stable at 20.1% of revenues. SG&A expenses rose to $9.3 million due to post-pandemic normalization costs. Operating income decreased to $2.1 million from $2.7 million, and adjusted EBITDA fell to $2.4 million. Company liquidity was $18 million, with cash reserves of $14 million, as of March 31, 2022.

SPAR Group, Inc. (NASDAQ: SGRP) will release its fiscal 2022 first quarter financial results on May 16, 2022, before market opening. A live conference call is scheduled for the same day at 11:00 AM Eastern. Investors can participate by phone or via the webcast available on SPAR's Investor Relations website. The replay will be accessible until May 23. SPAR Group, with over 50 years of experience, offers a wide array of merchandising and marketing services globally, boasting over 25,000 merchandising specialists and a significant number of store visits weekly.

SPAR Group (NASDAQ: SGRP) reported record full-year 2021 sales of $256 million, an increase of 11% from the previous year. Adjusted net income for the fiscal year was $2.6 million, up 53% from $1.7 million in 2020. Despite a fourth-quarter net loss of $4.4 million due to a $4.5 million charge related to stockholder agreements, the company achieved revenue growth in domestic operations. SG&A expenses rose to $36.8 million, reflecting higher operational costs amid ongoing challenges.

SPAR Group, Inc. (NASDAQ: SGRP) will announce its fiscal 2021 fourth quarter and full year financial results on March 29, 2022, before the market opens. Following the earnings release, a live conference call will be held at 11:00 am Eastern. SPAR Group is a global provider of merchandising and marketing services with over 25,000 specialists conducting more than 200,000 store visits weekly. For further details, access the webcast on SPAR's Investor Relations page.

SPAR Group, Inc. (NASDAQ: SGRP) has partnered with ParallelDots, Inc. to enhance its merchandising services.

The collaboration leverages ParallelDots' AI-driven ShelfWatch technology, which boasts over 95% product recognition accuracy at the SKU level. This integration aims to improve retail execution efficiency across many stores.

SPAR, with over 25,000 team members globally, aims to deliver advanced solutions for Consumer Packaged Goods (CPG) companies. The partnership is expected to bring significant value to retailers and manufacturers.

SPAR Group (NASDAQ: SGRP) announced a strategic partnership with Clear Box Retail, enhancing its data-driven retail intelligence services. This collaboration aims to optimize merchandising and marketing solutions for consumer packaged goods (CPG) companies. SPAR's Chief Strategy Officer, William Linnane, emphasized the importance of providing transparency and improving results for clients. The ClearView platform will empower SPAR's merchandisers with actionable insights to drive sales and ROI. This partnership marks a significant step in SPAR's ongoing commitment to innovation and growth.

SPAR Group and Repsly have announced a long-term strategic partnership aimed at enhancing operational efficiency for consumer goods companies. With SPAR's global reach and Repsly's advanced retail software, the collaboration seeks to provide improved visibility and control across retail segments. SPAR operates over 25,000 reps in nine countries and aims to leverage Repsly’s technology to standardize retail execution after successful pilot projects. Both companies emphasize their alignment on cultural values and commitment to mutual growth in the retail sector.