Manhattan Associates Inc - MANH STOCK NEWS

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.

Manhattan Associates (NASDAQ: MANH) has been chosen by British grocer Asda to implement its Manhattan Active Warehouse Management system. This transition aims to enhance Asda's logistics operations, enabling the supermarket to better manage stock distribution and online orders for over 18 million weekly customers. The cloud-based solution promises improved efficiency and scalability, adapting to customer demand shifts. Asda's vice president highlighted the need for technology evolution to meet changing consumer expectations, while Manhattan Associates emphasized the software's capability for continuous innovation and user accessibility.

Manhattan Associates has implemented its Manhattan SCALE™ warehouse management solution at Daikin's new distribution center in Sydney, enhancing operational efficiency. This facility, the largest air conditioning warehouse in Australia, consolidates six centers into a central hub. With the new system, Daikin has improved visibility across its supply chain, managing an outbound volume of 9,000 orders daily and achieving significant cost savings. The upgrade allows for optimized delivery management and precise customer communication, crucial during the pandemic's challenges.