Dave & Buster's to acquire Main Event for $835M, Chris Morris to be named CEO 06:33 PLAY Main Event announced that Ardent Leisure Group and RedBird Capital have entered into an agreement with Dave & Buster's to acquire Main Event. Upon closing of the transaction, Main Event's current CEO Chris Morris will be named CEO of Dave & Buster's. The transaction represents a total enterprise value of $835M and is projected to close later this year, with specific timing subject to customary closing conditions, including approval by Ardent Leisure shareholders and the expiration of the waiting period under the HSR Act. Main Event will continue to operate as a distinct brand serving families of all ages under Dave & Buster's. Sheehan will return to his role as board chair following the completion of the acquisition.
GBA Presents: THE BARE ESSENTIALS
- Thread starter stonedinvestor
- Start date
Good Morning Everybody-! There is always great debate what part of the GBA experience is the very best part? The outlandish short calls that prove to be correct? The market warning signs that are dropped just in time? The stocks you have never heard of nor would ever buy. Or the well thought out stock investments brought to you by two of the brightest bulbs in the overhead light. The answer of course is this:
Tough Day To Find A Stock Of The Day but I did-
-STOCK OF THE DAY- Tilray to realize synergies from Aphria merger ahead of schedule
Announcing its 3Q FY22 results, Tilray (NASDAQ:TLRY) said on Wednesday that the company is on track to achieve the $80 million synergy target by May 31 five months ahead of the schedule. The Canadian company has already realized $76M synergies to date and plans to add another $20M synergies in fiscal 2023. Tilray (TLRY) shares have added ~6% in the pre-market currently.
However, quarterly financials indicated a mixed performance as revenue missed Wall Street forecasts while earnings exceeded expectations.
The net revenue for 3Q FY22 rose ~23% YoY to $152M as net cannabis revenue and distribution revenue generated $55.0M and $62.5M making up ~36% and ~41% of the topline, respectively.
Meanwhile, revenue from Canadian adult-use cannabis products and international cannabis products stood at $43.5M and $15.8M, with ~63% YoY and ~23% YoY growth, respectively.
While the adjusted gross margin in the cannabis segment dropped to ~39% from ~43% in the previous two quarters, adj. EBITDA reached ~$10.1M, marking the 12th consecutive quarter of positive adj. EBITDA.
Tilray (TLRY) closed the quarter in black for the second consecutive quarter with the net income at $52.5M compared to $6.0M in 2Q FY22.
Chief Executive, Irwin D. Simon, said that the quarterly performance would set the stage to reach the company’s target of $4B revenue by the end of FY24.>
Sounds like more good than bad to me---
-STOCK OF THE DAY- Tilray to realize synergies from Aphria merger ahead of schedule
Announcing its 3Q FY22 results, Tilray (NASDAQ:TLRY) said on Wednesday that the company is on track to achieve the $80 million synergy target by May 31 five months ahead of the schedule. The Canadian company has already realized $76M synergies to date and plans to add another $20M synergies in fiscal 2023. Tilray (TLRY) shares have added ~6% in the pre-market currently.
However, quarterly financials indicated a mixed performance as revenue missed Wall Street forecasts while earnings exceeded expectations.
The net revenue for 3Q FY22 rose ~23% YoY to $152M as net cannabis revenue and distribution revenue generated $55.0M and $62.5M making up ~36% and ~41% of the topline, respectively.
Meanwhile, revenue from Canadian adult-use cannabis products and international cannabis products stood at $43.5M and $15.8M, with ~63% YoY and ~23% YoY growth, respectively.
While the adjusted gross margin in the cannabis segment dropped to ~39% from ~43% in the previous two quarters, adj. EBITDA reached ~$10.1M, marking the 12th consecutive quarter of positive adj. EBITDA.
Tilray (TLRY) closed the quarter in black for the second consecutive quarter with the net income at $52.5M compared to $6.0M in 2Q FY22.
Chief Executive, Irwin D. Simon, said that the quarterly performance would set the stage to reach the company’s target of $4B revenue by the end of FY24.>
Sounds like more good than bad to me---
AKA appears to be a clothing store without the store. Totally online. Probably smart---
I will defer to janes here but The company’s primary offerings include:
- Princess Polly
- Culture Kings
- Petal & Pup
- Rebdolls
Looks like they are exploring some stores this has promise-
FRANCISCO, March 01, 2022--(BUSINESS WIRE)--a.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator of direct-to-consumer (DTC) fashion brands for the next-generation, today announced that it has signed a lease with intent to open its first U.S. Culture Kings flagship store in late 2022 at The Forum Shops at Caesars in Las Vegas, Nevada, a Simon Property.
Culture Kings is a leading streetwear lifestyle brand that uniquely blends music, sports and fashion. The brand currently operates eight experiential concept stores in major cities in Australia and New Zealand. The stores’ nightclub vibe, promoted events and in-store gamification creates exciting social media content that generates viral hype among Culture Kings’ customers, driving traffic both in store and online. The two-story U.S. flagship will leverage the best features from their other stores as well as offer exciting new elements. The assortment will include merchandise from leading third-party brands as well as Culture Kings proprietary world exclusive brands.
FRANCISCO, March 01, 2022--(BUSINESS WIRE)--a.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator of direct-to-consumer (DTC) fashion brands for the next-generation, today announced that it has signed a lease with intent to open its first U.S. Culture Kings flagship store in late 2022 at The Forum Shops at Caesars in Las Vegas, Nevada, a Simon Property.
Culture Kings is a leading streetwear lifestyle brand that uniquely blends music, sports and fashion. The brand currently operates eight experiential concept stores in major cities in Australia and New Zealand. The stores’ nightclub vibe, promoted events and in-store gamification creates exciting social media content that generates viral hype among Culture Kings’ customers, driving traffic both in store and online. The two-story U.S. flagship will leverage the best features from their other stores as well as offer exciting new elements. The assortment will include merchandise from leading third-party brands as well as Culture Kings proprietary world exclusive brands.
Biggest negative- $34.3 million in cash and $277.8 million in total liabilities.
That was before the IPO so maybe they paid off some debt
That was before the IPO so maybe they paid off some debt
Biggest Positive- Management is headed by Chief Executive Officer Jill Ramsey, who has been with the firm since May 2020 and was previously Chief Product and Digital Revenue Officer at Macy's.
time for a gummy-
GDYN-
Grid Dynamics climbs 4% on raising Q1 revenue guidance
Apr. 06, 2022 8:57 AM ETGrid Dynamics Holdings, Inc. (GDYN)
GDYN-
Grid Dynamics climbs 4% on raising Q1 revenue guidance
Apr. 06, 2022 8:57 AM ETGrid Dynamics Holdings, Inc. (GDYN)
- Grid Dynamics (NASDAQ:GDYN) expects Q1 revenue to be no less than $65M, compared to the previous guidance in the range of $55M-$60M (vs. consensus of $57.30M)
- Company continues to swiftly grow its engineering workforce outside of Eastern Europe, while accelerating relocations from Eastern Europe to Central Europe, Mexico, and other locations.
- Stock jumps 4% during pre-market hours.