Welcome to our dedicated page for Frontdoor news (Ticker: FTDR), a resource for investors and traders seeking the latest updates and insights on Frontdoor stock.
Frontdoor, Inc. (symbol: FTDR) is a forward-thinking company dedicated to simplifying home ownership. With over 50 years of unparalleled expertise as the nation's largest provider of home service plans, Frontdoor is transforming the home services industry. The company’s mission is to take the hassle out of home repairs and maintenance, offering peace of mind to homeowners across the United States.
Frontdoor owns several well-known home service brands, including American Home Shield, HSA, OneGuard, and Landmark. These brands provide comprehensive home service plans that help customers protect their homes from unexpected and costly breakdowns of essential systems and appliances. In the past year alone, Frontdoor responded to more than four million service requests, showcasing their reliability and commitment to customer satisfaction.
The company prides itself on a dynamic culture and innovative approach. With a leadership team experienced in disrupting industries and enhancing customer experiences, Frontdoor is continuously looking for new ways to improve their services. They leverage leading digital platforms to ensure a seamless and world-class customer experience.
Frontdoor's recent achievements include expanding its digital capabilities and strengthening its service network. Their innovative solutions and dedication to excellence have positioned them as a trusted partner for homeowners nationwide.
- Core Business: Providing home service plans to maintain and protect home systems and appliances.
- Recent Achievements: Digital platform enhancements and service network expansion.
- Partnerships: Collaboration with top service providers to ensure quality repairs and maintenance.
- Financial Condition: Robust financial performance driven by a growing customer base and operational efficiencies.
Frontdoor, Inc. (NASDAQ: FTDR), a leading provider of home service plans, has announced a "Feature Plus Level Partnership" with HGTV for the Smart Home Sweepstakes 2023. This promotion will run until June 9, 2023, showcasing the Frontdoor app across HGTV's digital platforms. Frontdoor's app, powered by Streem technology, provides homeowners with video chat access to pre-qualified experts for home repair and maintenance assistance. The sweepstakes includes a grand prize of a custom-built smart home and an additional $5,000 giveaway. This partnership aims to enhance visibility for Frontdoor's app, aligning with HGTV's audience of homeowners. The collaboration represents a strategic move to promote the app as an essential tool for home maintenance.
Frontdoor, Inc. (NASDAQ: FTDR) has launched a program allowing paid members to upgrade their HVAC systems at discounts of up to 50 percent off retail pricing. This initiative is aimed at both current and future members of its brands, including American Home Shield and HSA, following the introduction of a new Frontdoor brand on April 11.
HVAC systems are significant purchases, often ranging from $10,000 to $12,000. The program not only offers cost savings on new systems but also promises lower monthly energy bills due to improved efficiency. Members can also access financing options. The response has been reported as positive, with many upgrades being requested.
Frontdoor, Inc. (NASDAQ: FTDR), a leading provider of home service plans, announced the release date for its first-quarter 2023 financial results, set for May 4, 2023, at 7:30 a.m. Central Time. The company will host a conference call featuring Chairman and CEO Bill Cobb and CFO Jessica Ross, discussing performance for the quarter ending March 31, 2023. Interested parties can participate by dialing 1-833-470-1428 or via webcast with a slide presentation available on their investor relations page. The replay options for the call and webcast will be accessible for approximately 60 days. Frontdoor's services, including American Home Shield, help homeowners protect against unexpected repairs with comprehensive coverage options for essential home systems and appliances.
Frontdoor (NASDAQ: FTDR), a leading provider of home service plans, has launched a groundbreaking mobile app designed for tech-savvy homeowners. This app features a video chat function allowing homeowners to connect with Experts in real time for diagnosis and solutions to home maintenance issues. With approximately 2 million members, the app aims to meet the unique needs of millennials, who are increasingly tech-driven in managing home repairs. Frontdoor offers membership plans, including a Basic plan with a free consultation, and a Prime annual plan at $99, which provides additional services. The Premium plan, launching later this summer, promises extensive coverage and benefits. The app is available for download on both iPhone and Android devices, aiming to transform the home maintenance landscape.
Frontdoor, Inc. (NASDAQ: FTDR), the leading provider of home service plans, is currently offering a promotional discount of
The company offers three different plans: ShieldSilver, ShieldGold, and ShieldPlatinum, catering to various budgetary needs and levels of coverage. Frontdoor emphasizes the inevitability of system failures in homes, positioning these plans as a strategic safety net for homeowners.
Frontdoor, Inc. (NASDAQ: FTDR) has launched a limited-time promotion offering 50% off annual home service plans, including the Gold and Silver options, aimed at providing homeowners with financial relief.
This promotion allows new members to take advantage of this offer until April 7, enhancing the affordability of their plans, which typically cover repairs and replacements of home systems and appliances. The ShieldSilver plan averages
Frontdoor, Inc. (NASDAQ: FTDR) has announced a nationwide launch of its innovative Frontdoor app, which allows homeowners to connect with qualified experts via video chat for home repair and maintenance tasks. The app will roll out in mid-April and features a free, no-commitment plan, along with additional benefits such as DIY tips and discounts. The marketing campaign, supported by agencies Fallon and Chemistry, targets tech-savvy homeowners and aims to enhance the customer experience in home services. The campaign will utilize digital channels extensively and promote partnerships with major brands.
Frontdoor, Inc. (NASDAQ: FTDR) has launched a national advertising campaign as the presenting sponsor for the opening week of the 2023 baseball season, featuring Atlanta Braves outfielder Ronald Acuña Jr. This campaign runs from March 30 to April 9 across U.S.-based regional sports networks. The ads emphasize Frontdoor's app, which uses Streem video technology to connect homeowners with pre-qualified repair experts via video chat. Frontdoor aims to engage consumers during the baseball season and spring cleaning period, showcasing its convenient home maintenance solutions.
Frontdoor, Inc. (NASDAQ: FTDR) has announced its largest discount in history, offering new members 50% off annual ShieldGold and ShieldSilver home service plans from March 13 to April 7, 2023. This initiative is designed to help homeowners manage rising costs amid inflation. The ShieldSilver plan covers 14 home systems for a national average of $34 per month, while the ShieldGold plan covers 23 items, priced at $49 monthly. Executives emphasized the value and budget protection provided by these plans, reinforcing Frontdoor's commitment to supporting homeowners.
Frontdoor, Inc. (NASDAQ: FTDR) reported its fourth-quarter and full-year 2022 financial results, showing a revenue increase of 4% to $1.66 billion, driven by pricing and product mix changes. However, gross profit fell by 10% to $710 million, largely due to inflationary pressures, while net income decreased by 45% to $71 million. The company forecasts 2023 revenue between $1.70 billion and $1.74 billion, with gross margins improving to 43%-45%. Despite challenges, CEO Bill Cobb highlights growth opportunities with the upcoming Frontdoor brand launch.
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