Manhattan Associates Inc Stock Price, News & Analysis

Manhattan Associates reported a strong Q1 2022 with revenue of $179.0 million, up from $156.9 million in Q1 2021. GAAP diluted EPS rose to $0.48 compared to $0.35 the previous year. Cloud subscription revenue grew to $37.3 million, and services revenue reached $89.9 million, reflecting robust demand for their solutions. The company increased its 2022 guidance, expecting total revenue between $720 million and $727 million, and adjusted EPS between $2.14 and $2.22.

Manhattan Associates (NASDAQ: MANH) will release its Q1 2022 financial results on April 26, 2022, after market closure. Following the release, a conference call is scheduled for 4:30 p.m. ET on the same day, open for investors to listen via a live webcast on the investor relations section of its website. A replay will be available for those unable to attend the live broadcast. Manhattan Associates specializes in supply chain and omnichannel commerce technology, providing software solutions that enhance both sales and profitability for its customers.

Manhattan Associates (NASDAQ: MANH) has announced that British fashion retailer New Look will implement its Manhattan Active Omni solution. This strategic collaboration aims to enhance New Look's fulfilment network, inventory management, and customer experience.

The order management system will provide a unified inventory view, optimize sales, and improve omnichannel functionalities, including store fulfilment. This initiative seeks to adapt to changing consumer expectations and bolster New Look's position as a leading British fashion brand.

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.