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Polished.com Inc. - POL STOCK NEWS

Welcome to our dedicated page for Polished.com news (Ticker: POL), a resource for investors and traders seeking the latest updates and insights on Polished.com stock.

Polished.com Inc. (Symbol: POL) is a leading independent retailer of discount appliances, headquartered in St. Louis, Missouri. Established in 1951, the company has grown to become one of the largest retailers in the nation, offering a wide array of kitchen appliances, washers, dryers, furniture, lighting, plumbing fixtures, and mattresses. Founded on family values such as service and integrity, Polished.com maintains a home-town shopping experience while ensuring convenience and affordability for its customers.

Over the years, Polished.com has become a trusted source for high-quality brands, including GE, Whirlpool, Bosch, Frigidaire, and Samsung. The company's user-friendly mobile and online store make it easy for customers to shop from anywhere, offering unique coupons, manufacturer rebates, free shipping, and other deals that can save shoppers hundreds of dollars.

Polished.com has consistently demonstrated strong financial performance and a commitment to customer satisfaction. Recent achievements include significant growth in online sales, expansion of product lines, and strategic partnerships with leading manufacturers. The company's dedication to quality, affordability, and exceptional service continues to drive its success and reputation as a trusted retailer in the home appliance industry.

By leveraging its extensive experience and dedication to customer service, Polished.com aims to provide the same amazing service online that it has offered locally for over 60 years. With a focus on making shopping easy and accessible, Polished.com is well-positioned to meet the needs of modern consumers looking for high-quality home products at competitive prices.

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Polished.com Inc. (POL) has suspended its operations and plans to file for Chapter 7 bankruptcy. Despite efforts to raise capital, the company could not secure additional financing.
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Polished.com Inc. revises fiscal year 2023 net sales and EBITDA guidance due to macroeconomic headwinds impacting consumer discretionary spending. The company now expects net sales between $315 million and $325 million, lower than the previous estimate of $330 million to $350 million, with EBITDA below the previous low single-digit margins. Additionally, the company faces challenges with its May 2022 Credit Agreement, receiving a Notice of Acceleration from lenders due to non-payment of principal, interest, and fees. The company is working towards a resolution with the lenders to address these defaults.
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Polished.com Inc. (POL) recently announced the results of its Annual Meeting of Stockholders, with a total of 1,134,678 shares represented, constituting a quorum. Stockholders voted to re-elect all eight nominees to the Board of Directors and to ratify the appointment of Sadler, Gibb & Associates, LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2023.
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Polished.com Inc. (NYSE: POL) is a content-driven and technology-enabled shopping destination for appliances, furniture, and home goods in the U.S. household appliances market. The company has scheduled its annual meeting of stockholders for January 30, 2024, to address non-compliance with NYSE American Company Guide Section 704.
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Polished.com Inc. (POL) released a statement regarding recent market activity, confirming no undisclosed material change or development in its business. The New York Stock Exchange contacted the Company due to unusual market activity.
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Polished.com Inc. (POL) has extended its loan agreement through November 30, 2024 and provided updated guidance for fiscal year 2023. The company reported a net product sales decline for the third quarter of 2023, with gross profit margin improvements compared to the prior year. Net loss for the quarter was $6.6 million, and adjusted EBITDA was ($0.8) million. The CEO highlighted the focus on stable margins and operating expenses, with strategic levers in place for stronger profitability and sustainable cash flow in 2024. The company also secured an amendment to its credit agreement and expects net sales between $330 million and $350 million for 2023, with low-single-digit EBITDA margins.
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Polished.com Inc. (POL) Postpones Q3 Earnings Release and Conference Call
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Polished.com Inc. (NYSE American: POL) will report its third quarter 2023 earnings results on November 14, 2023, after market close. The company will host an investor conference call at 4:30 p.m. ET on the same day to review the results. The call can be accessed on Polished.com's investor relations site. The recorded call will also be available on the company's website.
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Polished.com Inc. announces 1-for-50 reverse stock split to regain compliance with NYSE American listing requirements.
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Polished.com Inc. announces AppliancesConnection.com has been awarded on Newsweek's list of America’s Best Online Shops 2024.
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FAQ

What is the market cap of Polished.com (POL)?

The market cap of Polished.com (POL) is approximately 3.8M.

What does Polished.com Inc. (POL) specialize in?

Polished.com Inc. specializes in retailing discount appliances, including kitchen appliances, washers, dryers, furniture, lighting, plumbing fixtures, and mattresses.

When was Polished.com founded?

Polished.com was founded in 1951.

What brands does Polished.com offer?

Polished.com offers high-quality brands such as GE, Whirlpool, Bosch, Frigidaire, and Samsung.

How does Polished.com ensure affordability?

Polished.com ensures affordability through unique coupons, manufacturer rebates, free shipping, and other deals that help customers save money.

Where is Polished.com headquartered?

Polished.com is headquartered in St. Louis, Missouri.

Does Polished.com have an online store?

Yes, Polished.com has a user-friendly online store that is mobile-friendly, allowing customers to shop conveniently from anywhere.

What values is Polished.com founded on?

Polished.com is founded on family values such as service and integrity.

How long has Polished.com been serving customers?

Polished.com has been serving customers for over 60 years, both locally and online.

What recent achievements has Polished.com made?

Recent achievements include significant growth in online sales, expansion of product lines, and strategic partnerships with leading manufacturers.

What is the company's strategy for success?

Polished.com focuses on quality, affordability, and exceptional customer service to drive its success and maintain its reputation in the home appliance industry.

Polished.com Inc.

NYSE:POL

POL Rankings

POL Stock Data

3.84M
7.97M
15.07%
5.65%
2.5%
Specialty Retail
Consumer Cyclical
Link
United States
Brooklyn