Manhattan Associates Inc - MANH STOCK NEWS

Manhattan Associates announced successful results from its partnership with Hy-Vee, implementing Warehouse Management System (WMS), Transportation Management System (TMS), and Demand Forecasting and Inventory Optimization (DFIO) solutions. The implementation has optimized Hy-Vee's distribution network, improving warehouse productivity across three primary facilities, enhancing truck routing efficiency, and enabling better demand prediction. The DFIO solution particularly helped navigate market uncertainties during COVID-19 by distinguishing between regular demand and pandemic-related spikes, leading to more precise forecasts and improved purchasing decisions.

Giant Eagle has successfully implemented Manhattan Active® Warehouse Management (WM) in three of its distribution centers, transitioning from an on-premise system to a cloud-native solution. The company plans to shift its remaining four DCs by August 2025. The implementation process has been efficient, with each subsequent deployment completed faster than the previous one. The cloud-native WMS provides quarterly updates with new features and functionality, eliminating the need for traditional upgrades. Giant Eagle has also adopted Manhattan Active Transportation Management to optimize its logistics operations, combining both solutions for enhanced distribution, transportation, labor, and automation management.

Manhattan Associates (NASDAQ: MANH) reported record revenue and earnings for Q3 2024, with total revenue at $266.7 million, up from $238.4 million in Q3 2023. GAAP diluted EPS rose to $1.03 from $0.79, while non-GAAP adjusted EPS increased to $1.35 from $1.05. Cloud subscription revenue grew to $86.5 million from $65.0 million. GAAP operating income was $75.1 million, and adjusted operating income was $98.9 million. Cash flow from operations was $62.3 million. For the nine months ended September 30, 2024, total revenue was $786.6 million, with GAAP EPS at $2.74 and adjusted EPS at $3.55. The company repurchased 194,712 shares for $49.7 million in Q3 2024 and 831,111 shares for $198.1 million over nine months. Guidance for 2024 includes total revenue of $1.039-$1.041 billion and GAAP EPS of $3.47-$3.49.

Yusen Logistics, a global supply chain logistics company, has chosen Manhattan Active® Warehouse Management for its new UK distribution centre. The 1,191,000 square foot facility in Northampton, set to open in January 2026, will utilize cutting-edge automation technology. This decision builds on a 20-year partnership between Yusen and Manhattan Associates.

Manhattan Active Warehouse Management, a cloud-native solution built with API microservices, offers scalability, agility, and continuous innovation. It's designed to address challenges in automation, fulfilment, labour management, and yard operations. This implementation is part of Yusen's broader strategy towards a unified supply chain experience, integrating warehouse, transportation, yard, and labour management.

Manhattan Associates opened its annual EMEA Exchange event in Barcelona, showcasing the latest supply chain commerce innovations under the theme 'Make the impossible, possible'. The event, attended by over 350 customers and press, introduced Manhattan Active® Supply Chain Planning and Generative AI solutions: Manhattan Active® Maven and Manhattan Assist.

Key highlights included insights from customers such as Schneider Electric, Bestseller, L'Oréal, and Kramp, demonstrating how they're leveraging Manhattan's solutions to transform their supply chains. The event emphasized the company's vision of a unified supply chain ecosystem, with new solutions aimed at enhancing customer experience, personalization, productivity, and cost-savings.

Henri Seroux, senior vice president of Europe at Manhattan Associates, emphasized the event's unique opportunity for participants to explore and interact with peers while getting a first-hand look at technologies shaping the future of supply chain and commerce.

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.