Welcome to our dedicated page for Spar Group news (Ticker: SGRP), a resource for investors and traders seeking the latest updates and insights on Spar Group stock.
SPAR Group, Inc. (NASDAQ: SGRP) is a merchandising, marketing and retail services company that reports frequent updates on its operations, strategy and leadership. News coverage for SPAR Group often centers on its work providing merchandising, marketing and distribution solutions to retailers and brands across North America, particularly in the United States and Canada.
Investors and analysts following SGRP news can expect regular announcements related to financial performance, including quarterly results for its North American businesses, commentary on revenue trends, margins and cost structure, and discussions of its efforts to create a leaner, more profitable organization. Earnings releases have highlighted changes in revenue mix, restructuring costs and initiatives to manage selling, general and administrative expenses, as well as liquidity and working capital.
SPAR Group’s news flow also features corporate strategy and capital structure developments. The company has reported divestitures of international joint ventures, a strategic focus on North America, and amendments to its revolving credit facilities in the United States and Canada. These updates provide insight into how SPAR Group is managing its balance sheet, borrowing capacity and financial flexibility.
Leadership and governance changes are another recurring theme in SGRP news. Recent announcements include executive transitions in the Chief Executive Officer role, the appointment of a new Chief Financial Officer, the addition of a Chief Technology Officer, and changes to the Board of Directors and board committee leadership. The company has also reported insider and executive share purchases and investments by outside investor groups.
For readers tracking developments in merchandising and retail services, the SPAR Group news page offers a consolidated view of these financial, strategic and governance updates. Monitoring this feed can help users understand how the company is repositioning its operations, emphasizing technology and analytics, and managing its relationships with retailers, brands and financial partners.
Summary not available.
Summary not available.
Summary not available.
SPAR Group, Inc. (NASDAQ: SGRP) reported strong fourth-quarter results with net revenues of $64.6 million, a 7.7% increase year-over-year, and an 11.8% rise in constant currency. The Americas segment saw a notable 20.8% growth, while EMEA and APAC faced declines. Gross profit increased to $13.4 million, improving gross profit margins to 20.7%. Despite a $2.5 million goodwill impairment, the operating loss narrowed to $760,000. Net loss was $351,000, with adjusted net income of $1.9 million or $0.08 per share. For the full year, revenues reached $261.3 million, marking a 2.2% increase. The company highlights ongoing efforts to explore strategic alternatives to maximize shareholder value.
SPAR Group, Inc. (NASDAQ: SGRP) announced the appointment of Antonio Calisto Pato as its new Chief Financial Officer, effective February 27, 2023. Pato brings extensive experience in finance and international leadership, having served as CFO for Earth Shoes and interim CFO for StreetTrend. His prior roles include significant positions at Chiquita Brands International and Cemex. Mike Matacunas, President and CEO, expressed confidence in Pato's capability to enhance SPAR's financial strategies and long-term shareholder value. SPAR Group continues to provide a wide range of services to retailers and consumer goods companies globally.
SPAR Group, Inc. (NASDAQ: SGRP) reported Q3 2022 revenues of $69.8 million, a 3.6% increase year-over-year, or 7.2% adjusted for constant currency. The growth was mainly driven by a strong U.S. merchandising segment, up 15%, and a 62% increase in store remodel revenues. Despite a net loss of $32,000, adjusted net income was $212,000, or $0.01 per share. SG&A expenses rose to $10.6 million due to increased marketing efforts. The company's liquidity stands at $15.3 million. CEO Mike Matacunas remains optimistic about future profitability.
SPAR Group, Inc. (NASDAQ: SGRP) will announce its fiscal 2022 third quarter financial results on November 14, 2022, before the market opens. CEO Mike Matacunas and CFO Fay DeVriese will lead a teleconference at 10:00 AM Eastern to discuss the results, followed by a Q&A session. SPAR provides a wide range of merchandising and marketing services globally, leveraging over 50 years of experience and more than 25,000 merchandising specialists.
SPAR Group, Inc. (NASDAQ: SGRP) announced on September 8, 2022, that its Board of Directors has started a review of strategic alternatives to enhance shareholder value. These options include a potential sale, merger, or recapitalization, among others. The company has engaged Lincoln International LLC as financial advisors for this evaluation. CEO Mike Matacunas emphasized the company's solid financial position, highlighted by over 90% revenue growth in the last five years, but noted that the stock trades below industry averages.
SPAR Group, Inc. (NASDAQ: SGRP) announced participation in the Midwest IDEAS Investor Conference on August 25, 2022, in Chicago, IL. The presentation, featuring CEO Mike Matacunas and CFO Fay DeVriese, is set for 9:30 AM CT and will be webcasted for broader access. The conference aims to connect quality companies with investment professionals in a non-traditional format, highlighting a commitment to transparency and regional investment communities. For more details, visit the conference website.
SPAR Group, Inc. (NASDAQ: SGRP) reported Q2 2022 net revenues of $67.8 million, a 1% increase from last year. Operating income rose 25% to $2.4 million, and net income surged 123% to $1.1 million or $0.05 per share. The Americas segment, accounting for 79% of revenue, saw a 4% increase, with U.S. revenues reaching a record $31.6 million, up 16%. Despite challenges, including a 27.2% decline in APAC revenue due to pandemic lockdowns in China, gross profit margin improved to 19.1%. Total liquidity at quarter-end was $16 million, with $12.4 million in cash.
FAQ
What is the current stock price of Spar Group (SGRP)?
What is the market cap of Spar Group (SGRP)?
