Manhattan Associates Inc - MANH STOCK NEWS

Manhattan Associates has released research showing that 82% of global in-store purchases are influenced by online channels. The study highlights significant changes in consumer shopping habits, with 83% of retailers indicating interconnection between online and in-store functions. Fulfillment options like buy online, return in-store are still underdeveloped in the US, where only 52% of retailers provide this service. Moreover, 49% of consumers prioritize sustainability in their shopping choices. The findings emphasize the evolving landscape of retail, driven by the merging of physical and digital experiences.

Manhattan Associates (NASDAQ: MANH) has announced the release date for its third quarter 2022 financial results, slated for October 25, 2022, post-market close. A conference call will follow at 4:30 PM ET on the same day, where senior management will discuss the results. Investors can access the live webcast via the company’s Investor Relations website. A replay of the call will be available for two weeks, ensuring continued access to important financial information.

Manhattan Associates (NASDAQ: MANH) announced that Floor & Decor, a top retailer of hard surface flooring, is upgrading to its Manhattan Active Supply Chain solutions. This upgrade will transition Floor & Decor's supply chain management to a cloud-native platform, enhancing efficiency and optimizing operations across its 174 US locations. The move aims to unify supply chain processes and support the retailer's rapid growth. The new system provides real-time data and insight, enabling better decision-making and customer experience.

Manhattan Associates reported Q2 2022 revenues of $191.9 million, up from $166.1 million in Q2 2021, driven by strong demand for cloud solutions. GAAP diluted EPS increased to $0.49 from $0.48, while adjusted EPS rose to $0.69 from $0.61.

Notably, cloud revenue grew by 48%, with bookings up 84% year-over-year. The company raised its full-year guidance, expecting total revenues between $733 million and $741 million, reflecting strong operational execution in a challenging macro environment.

Manhattan Associates (NASDAQ: MANH) will announce its second quarter 2022 financial results on July 26, 2022, after market close. This will be followed by a conference call at 4:30 PM ET, which investors can access via the company's Investor Relations website. The press release detailing the financial performance will also be available on the same site. Manhattan Associates is recognized for its leading technology in supply chain and omnichannel commerce, aiding clients in driving revenue and profitability through innovative software solutions.

Manhattan Associates (NASDAQ: MANH) has been recognized as a Leader in the Gartner Magic Quadrant for Warehouse Management Systems for the 14th consecutive time, reflecting the company's strong performance and innovation. The evaluation assessed 17 vendors, with Manhattan achieving the highest marks in execution and completeness of vision. The company’s Manhattan Active platform is highlighted for its advanced capabilities in supply chain management.

Manhattan Associates has recognized Heather Zenk, president of Supply Chain Operations at AmerisourceBergen, as the 2022 Outstanding Woman in Supply Chain. This accolade was presented at the Momentum 2022 event, where Zenk was praised for her leadership during the pandemic, notably in managing the COVID-19 response team. Her contributions included enhancing pharmaceutical supply chain efficiency and patient safety. Manhattan Associates announced a charitable donation in Zenk's name as part of the award. The company continues to support industry leaders driving innovation in supply chains.