Manhattan Associates Inc - MANH STOCK NEWS

Manhattan Associates (NASDAQ: MANH) has partnered with the Dutch fashion brand Scotch & Soda to enhance its supply chain operations through the implementation of Manhattan Active Allocation and Warehouse Management. This move supports Scotch & Soda's global omnichannel distribution strategy, particularly focusing on improving inventory alignment and real-time allocation. The integration aims to minimize inventory risks and improve fulfillment efficiency across their key distribution centers in the Netherlands and Hong Kong.

Manhattan Associates (NASDAQ: MANH) has announced that Republic National Distributing Company (RNDC), a prominent wholesale beverage alcohol distributor, has chosen its cloud-native Manhattan Active Warehouse Management system. This decision is part of RNDC's initiative to enhance its supply chain technology, particularly as it plans to roll out the system across its North American distribution centers over the next 30 months. RNDC aims to leverage this technology for improved efficiency and continuous access to innovations, thereby enhancing customer service.

Manhattan Associates (NASDAQ: MANH) announced a new partnership with ICA Sweden, the largest grocery retailer in Sweden, to implement their Manhattan Active Transportation Management solution. This strategic move aims to enhance visibility and optimize both inbound and outbound goods flows for ICA, which operates 1,267 stores. The solution allows automated route selection, significantly reducing solve times by up to 80%. With annual revenues of SEK 92,242 million, ICA holds a 36% market share, indicating a robust market presence.

Manhattan Associates (NASDAQ: MANH) announced that GrowGeneration, the largest chain of hydroponic and organic garden centers in the U.S., has selected Manhattan Active Point of Sale to enhance its customer-centric shopping experience. The omnichannel retail solution is designed for scalability, supporting online, in-store, and contact center sales. GrowGeneration operates 62 retail locations across various states and relies on Manhattan's cloud infrastructure for improved management of customer interactions. The partnership aims to boost GrowGeneration's growth in the rapidly evolving hydroponics market.

Manhattan Associates announced a partnership with Penti, Turkey’s largest women’s fashion retailer, to enhance its omnichannel strategy using Manhattan Active Omni. This advanced solution aims to provide a seamless shopping experience as Penti expands globally across 40 countries. The CEO of Penti highlighted the challenges posed by the pandemic but noted significant growth driven by e-commerce. The partnership is focused on improving order orchestration, fulfillment, and customer engagement, supporting Penti’s goal of a unified commerce experience.

Manhattan Associates (NASDAQ: MANH) announced that PLUS, a major Dutch grocery retailer, has adopted its cloud-based Transportation Management System (TMS) to enhance delivery efficiency. This implementation spans distribution centers across the Netherlands and aims to streamline logistics for PLUS’s supermarkets. Additionally, PLUS is constructing a new mechanized distribution center in Oss, expected to optimize its operations further. The TMS will facilitate better management of both inbound and outbound deliveries, ultimately leading to improved customer satisfaction.

Manhattan Associates reported a strong Q4 2021 with revenues of $171.5 million, marking a 17% increase year-over-year. The company achieved a 126% increase in Remaining Performance Obligations (RPO), driven by robust demand for its unified supply chain solutions. Adjusted diluted earnings per share rose to $0.48 from $0.45 in Q4 2020. Total annual revenue for 2021 reached $663.6 million, up 13%. The company anticipates 2022 revenues between $700 million and $715 million, reflecting a 5%-8% growth.

Manhattan Associates (NASDAQ: MANH) announced its fourth quarter 2021 financial results will be released on February 1, 2022, after market close. A conference call with senior management will follow at 4:30 p.m. Eastern Time on the same day. Investors can participate in the call via live webcast available on the company's investor relations website. Replays will be accessible post-call via phone or online through the same site.

The company specializes in supply chain and omnichannel commerce technology, aiming to facilitate growth and profitability for customers.