VTEX - VTEX STOCK NEWS

VTEX, a leading commerce platform, has released new research on online grocery shopping trends in the U.S. The survey of 1,000 consumers reveals that 69% purchase groceries online, indicating a growing preference for digital services. Key findings include:

1. 47% of consumers order 26-50% of their groceries online
2. 60% prefer home delivery for online orders
3. Price is the most important factor for 69% of respondents
4. Free shipping (68%) and discount codes (65%) are the most appealing promotions
5. 45% consider real-time order tracking very important

The survey highlights the need for grocers to enhance their digital offerings, optimize the digital shelf, scale online operations, streamline fulfillment, and foster customer loyalty through unified commerce experiences. Grocers who adapt to these trends can gain a competitive advantage in the evolving digital marketplace.

VTEX (NYSE: VTEX) has released new research on live shopping trends, revealing that 45% of U.S. consumers have participated in live shopping events in the past year. The survey of 1,000 adults highlights a growing interest in this shopping format, with 61% of respondents browsing or shopping on Social Video Commerce channels. Key findings include:

- GenZ leads in social platform video shopping (83%), while millennials dominate live shopping (58%)
- Men unexpectedly outpace women in video engagement and live shopping
- 66% shop on social platforms at least monthly, with 32% doing so multiple times weekly
- 55% would engage more if live shopping was more consistently available
- 38% are unsure if their preferred brands offer video commerce or live shopping

These insights underscore the need for brands to adapt their strategies and incorporate more live shopping and video commerce capabilities to meet consumer demand and drive engagement.

VTEX, a leading commerce platform for B2C and B2B brands, has announced its Fall '24 VTEX Vision product showcase. This edition introduces several key innovations to enhance customer experience and boost sales efficiency:

1. Google Merchant Connector: Improved integration with Google Shopping ads and Google Pay.
2. VTEX Ad Network: Delivering a 5.0x average return on ad spend with AI-driven optimization.
3. VTEX Sales App: Enhanced features for seamless offline and online commerce integration.
4. B2B FastStore: A solution for fast, composable, high-conversion B2B experiences.
5. VTEX Pick and Pack: Advanced fulfillment solution with AI-powered returns module.

These innovations aim to unify commerce operations, maximize investments, and future-proof operations for VTEX's global enterprise customer base across 43 countries.

VTEX (NYSE: VTEX) reported strong Q2 2024 financial results, showcasing profitable growth and global expansion. Key highlights include:

- Total revenue increased 18.1% YoY to $56.5 million
- Subscription revenue grew 20.6% YoY to $54.0 million
- Non-GAAP operating income reached $6.4 million, up from a $1.5 million loss in Q2 2023
- Non-GAAP free cash flow was positive at $3.2 million
- GMV reached $4.4 billion, up 15.6% YoY

VTEX expanded its customer base globally, adding new clients in Australia, Brazil, Mexico, Portugal, and the US. The company also saw existing customers expand their operations across multiple countries. VTEX's focus on innovation and operational efficiency has led to eight consecutive quarters of double-digit YoY operating margin expansion.

VTEX (NYSE: VTEX), a leading composable and complete commerce platform for premier brands and retailers, has announced that it will release its second quarter 2024 financial results on August 6th, 2024, at 4:30 pm Eastern Time. The company will host a conference call and audio webcast to discuss the results.

Investors and interested parties can access the conference call by dialing +1-646-968-2525 (Conference ID: 1918046) and requesting inclusion in the call for VTEX. Additionally, a live audio webcast will be available on the investor relations section of the VTEX website. An archived replay of the webcast will be accessible following the conclusion of the call.

VTEX (NYSE: VTEX), a leading digital commerce platform, has partnered with H Mart, the largest Asian-American supermarket chain in the U.S., to modernize its ecommerce operations. Collaborating with VML, a global creative agency, VTEX completed the migration from H Mart's legacy system to a new SaaS platform in just seven months. The platform now supports consolidated shopping for both shelf-stable and fresh goods, improving real-time inventory visibility and efficient order fulfillment. This partnership signifies a major step in H Mart's digital transformation, aiming to enhance the online shopping experience for its customers.

VTEX (NYSE: VTEX) announces a partnership with Pinterest to expand social commerce capabilities for its 2,600 global customers. This collaboration enables VTEX's customers to seamlessly integrate product catalogs, create Pins, and run shopping campaigns on Pinterest. Pinterest, with over half a billion monthly active users, offers a vast audience actively seeking inspiration and shopping online. Early adopters of this partnership include brands like Whirlpool, Blaisten, and Easy, enhancing their customer engagement through Pinterest's platform. The partnership aims to foster meaningful consumer connections, driving organic growth and creating vibrant shopping experiences.

VTEX (NYSE: VTEX), a top commerce platform for brands and retailers, announced the outcomes of its 2024 Annual General Meeting (AGM) held on May 24, 2024. Shareholders ratified the appointment of Silvia Mazzucchelli to the Board of Directors and approved the financial statements and auditor’s report for the fiscal year ending December 31, 2023. A total of 113,089,223 shares, representing 76.71% of the voting power, participated in the AGM.

VTEX reported strong financial results for the first quarter of 2024 with significant year-over-year growth in GMV, total revenue, gross profit, and non-GAAP operating income. The company's focus on product launches, revenue streams, and operational leverage contributed to margin expansion and customer success. VTEX also highlighted key operational and commercial highlights, showcasing partnerships with global brands and market expansion initiatives. The company remains optimistic about its future growth prospects despite economic uncertainties.