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Starbucks to cut 900 jobs and close dozens of North American stores as sales struggle
The Guardian· 2025-09-25 14:28
Starbucks will lay off around 900 staff and pull down the shutters on some 100 cafes across North America as part of a $1bn restructuring plan to revive the world’s largest coffee chain.The business, which eliminated 1,100 corporate positions earlier this year, will also close “many” open or vacant positions as it notifies affected employees affected by cuts on Friday.The 900 Starbucks staff hit by the restructuring work in “non-retail” roles, the company said. It will also close 1% of the coffee houses it ...
Starbucks to close stores in restructuring plan; expects to incur $1B in related costs
Youtube· 2025-09-25 11:37
In the meantime, we've got some news from Starbucks this morning. Let's get right over to Kate Rogers. She's got the latest on that.Hi, Kate. >> Hi, Becky. Starbucks just filing in 8K that says its board has approved a restructuring plan that will involve the closure of coffee houses and further transformation of the company's support organization as part of its back to Starbucks strategy under CEO Brian Nickel. The company expects that a majority of store closures are going to be completed by the end of th ...
Can Newell's Restructuring Efforts Spark a Sustainable Turnaround?
ZACKS· 2025-09-19 16:20
Key Takeaways Newell targets $220-$250M in annual savings by 2025 under its Project Phoenix restructuring.Q2 sales fell, but the adjusted gross margin improved 110 bps on cost control and restructuring.Management sees 2H25 core sales improving with fresher assortments and better execution.Newell Brands Inc. (NWL) is banking heavily on its multi-year restructuring plan, Project Phoenix, to stabilize its operations and rebuild profitability. The initiative is designed to simplify organizational structures, st ...
Electra Provides Update on Restructuring Terms to Advance Completion of Cobalt Refinery
Globenewswire· 2025-09-16 19:36
TORONTO, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces amendments to its previously disclosed recapitalization and restructuring initiative (the “Restructuring”), a key step toward strengthening its balance sheet and completing construction of North America’s first battery-grade cobalt sulfate refinery. The Company and the holders (the “Lenders”) of the Company’s outstanding secured convertible notes (the “Notes”) ...
Sleepytime Tea owner Hain Celestial ‘aggressively’ accelerates restructuring
Yahoo Finance· 2025-09-16 09:00
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Hain Celestial is accelerating its restructuring efforts as the healthy food and beverage maker faces a prolonged slowdown in sales, with interim CEO Alison Lewis acknowledging "this business has clearly not been performing." Sales at the Garden Veggie snack and Greek God yogurt manufacturer fell 10% to $1.56 billion during Hain’s 2025 fiscal year, Hain said on Monday, wit ...
Hooker Furniture(HOFT) - 2026 Q2 - Earnings Call Transcript
2025-09-11 14:02
Hooker Furnishings (NasdaqGS:HOFT) Q2 2026 Earnings Call September 11, 2025 09:00 AM ET Company ParticipantsEarl Armstrong - CFOJeremy Hoff - CEOConference Call ParticipantsDave Storms - AnalystAnthony Chester Lebiedzinski - Senior Research AnalystOperatorGood day. Thank you for standing by. Welcome to the Hooker Furnishings Corporation's Second Quarter 2026 Earnings Webcast. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question and answer sessi ...
诺和诺德 - 重组影响短期利润,但旨在释放资源以提升中期竞争力
2025-09-11 12:11
涉及的行业与公司 * 公司为诺和诺德 (Novo Nordisk) 股票代码 NOVOb CO 和 NVO ADR [1][12] * 行业为欧洲制药与生命科学 (Europe Pharma & Life Sciences) [13] 核心观点与论据:重组计划与财务影响 * 公司宣布重组计划 将裁员约9千名员工 占员工总数的11% [1][2] * 重组旨在释放资源 重新投向关键增长领域以提升中期商业竞争力和决策速度 [1][6] * 预计到2026年底实现年化净节省80亿丹麦克朗 (DKK8bn) 但节省的资金将全部再投资 [2] * 再投资将用于销售、一般及行政管理费用 (SG&A) 和研发 (R&D) 活动 重点在糖尿病和肥胖症领域 投资于美国和国际业务 [2] * 重组产生一次性费用80亿丹麦克朗 导致2025财年运营利润 (CER) 增长指引下调6个百分点 从10-16%降至4-10% [1][2] * 一次性费用中约40亿丹麦克朗为遣散费 另外40亿丹麦克朗为终止早期研发项目产生的减值 [2][6] * 现金流影响为中性 因为遣散费成本将被避免支付的薪资所抵消 [2][6] * 市场共识原预期2025财年运营利润增长12.5% 此公告可能机械地将其拉低至6.5% 但由于比较基数降低 2026财年的增长共识可能从9%机械地提升至15% 2027年及以后的增长预期不变 [1][2][6] 核心观点与论据:战略与文化转变 * 重组目标之一是使公司文化更以绩效为导向 并与股东利益保持一致 [6] * 举措包括推动返回办公室 整合部分职能以及改变员工评估标准 旨在提升对绩效的关注并加快决策速度 [6] * 加快决策速度对于驱动公司竞争力尤为重要 因为公司在肥胖领域的商业行动已落后于主要竞争对手 [6] * 此次重组是新任首席执行官的首个战略举措 被视为积极行动 但市场可能需看到商业执行力改善的迹象才会认可 [1] 其他重要内容:会计处理与同行对比 * 公司采用严格的国际财务报告准则 (IFRS) 进行报告 因此此次重组成本影响了其财务指引 [1][7] * 其他欧盟制药公司均以“核心”(core) 基础提供指引 会将此类重组成本剔除 故类似的公告不会影响它们的财务指引 [7] 其他重要内容:投资观点与估值 * 高盛对诺和诺德给予买入 (Buy) 评级 [8] * 基于自下而上的贴现现金流 (DCF) 分析 得出目标估值为每股396丹麦克朗 使用7.1%的加权平均资本成本 (WACC) 和0%的永续增长率 (TGR) [8] * 基于倍数法的估值认为公司应交易于约15倍市盈率 较行业目标倍数13倍有15%的溢价 对2026/27年混合每股收益的目标倍数隐含股价为389丹麦克朗 [8] * 综合得出12个月目标股价为392丹麦克朗 其美国存托凭证 (ADR) 目标价为61美元 [8] * 公司当前股价为338.70丹麦克朗 (ADR为54.30美元) 隐含上行空间为15.7% (ADR为12.3%) [13] 其他重要内容:关键风险因素 * 主要下行风险包括:CagriSema和/或amycretin的研发失败等临床风险 [9] * Wegovy/Ozempic的生产爬坡慢于预期 从而拖累销售增长轨迹 [9] * 竞争对手的肥胖症数据强于预期 特别是口服小分子GLP-1药物 [9] * 更大且持续的价格压力 [9] 其他重要内容:财务数据预测 * 预计营收将从2024年的2904.03亿丹麦克朗增长至2027年的3605.57亿丹麦克朗 [13] * 预计每股收益 (EPS) 将从2024年的22.63丹麦克朗增长至2027年的27.70丹麦克朗 [13] * 预计市盈率 (P/E) 将从2024年的37.6倍下降至2027年的12.2倍 [13] * 预计股息收益率将从2024年的1.3%上升至2027年的4.1% [13]
Restructuring At Biote Will Drive Greater Growth And Profitability
Seeking Alpha· 2025-09-10 16:23
When I previously analyzed biote Corp. (NASDAQ: BTMD ), “ biote Should Keep Delivering Strong Growth ” in November 2023, it had just returned to profitability and seemed poised for more advances.Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alber ...
ABF Shares Sink 10% As Primark's Woes Deepen
Forbes· 2025-09-10 08:20
Photo by Peter Dazeley/Getty ImagesGetty ImagesShares in food and clothing conglomerate Associated British Foods tanked on Wednesday, as sales at the key Primark retail division undershot forecasts.At £20.23 per share, the ABF share price was last 9.7% lower in midweek business.At its Primark budget clothing division, the FTSE 100 company said sales are expected to rise 1% in the second half. Growth is tipped to be evenly distributed across the third and fourth quarters.However, on a like-for-like basis, AB ...