Day: November 22, 2022

Third Quarter Net Revenues Increased 66%; Further Acceleration of Net New Store Openings Operating Efficiency and Economies of Scale Further Improved Profitability Profile Following Full Redemption of Offshore Notes, Company Moves Forward with No Debt Obligations and Strong Liquidity Position BEIJING, Nov. 22, 2022 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced its unaudited financial results for the three months ended September 30, 2022. THIRD QUARTER 2022 HIGHLIGHTS1Total net revenues in the third quarter were RMB3,894.6 million (US$547.5 million), representing an increase of 65.7% from RMB2,350.2 million in the same quarter of 2021.Net new store openings in the third quarter was 651, resulting in a quarter-over-quarter store unit growth of 9.0% from the number of stores...

Third Quarter 2022 Revenues of $32.2 Million, a 40% Increase Compared to Prior Year Period; Reaping the Benefits of the Acquired IgG Portfolio Strong Results Represent Completion of the Company’s Strategic Transformation into a Diversified Commercial Entity with Multiple Growth Drivers Adjusted EBITDA for the Third Quarter was $6.0 Million, or 19% Margin and for First Nine Months was $10.6 Million or 13% Margin, Within Annual Guidance, and Representing 58% Increase Year-over-Year Generated Operating Cash Flow of $5.5 Million in the Third Quarter and $21.8 Million in the First Nine Months of 2022, Supporting the Increase of Cash Position to $31.3 Million as of September 30, 2022 Kamada’s Positive Outlook for the Fourth Quarter Supports Reiteration of Fiscal Year 2022 Revenue Guidance of $125 Million – $135 Million, Representing...

Solar Alliance records largest quarterly solar revenue in Company history TORONTO and KNOXVILLE, Tenn., Nov. 22, 2022 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTCQB: SAENF) announces it has filed its unaudited financial results for the three and nine months ended September 30, 2022. The Company’s Financial Statements and related Management’s Discussion and Analysis are available under the Company’s profile at www.sedar.com. “Solar Alliance continued to successfully execute on our strategy as our team delivered the highest revenue quarter in our company’s history,” said CEO Myke Clark. “Our transition to larger commercial and utility projects has resulted in strong growth and a substantial backlog of projects under contract.” “In addition to this strong revenue growth, we have...

All Third Quarter 2022 comparisons are made versus the Third Quarter 2021On a GAAP basis, total sales decreased 11% on top of a 30% increase in Q3 2021 Net income was $17 million, and diluted EPS was $0.26, inclusive of an $11 million impairment charge on the sale of real estate, or $0.12 per share Comparable store sales decreased 17% on top of a 16% increase in Q3 2021 On a non-GAAP basis, Adjusted EBIT was $55 million, and Adjusted EPS was $0.43BURLINGTON, N.J., Nov. 22, 2022 (GLOBE NEWSWIRE) — Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the third quarter ended October 29, 2022. Michael O’Sullivan, CEO, stated, “In Q3 we achieved sales and earnings...

DALLAS, Nov. 22, 2022 (GLOBE NEWSWIRE) — Tuesday Morning Corporation (NASDAQ: TUEM), a leading off-price retailer of home goods and décor, today announced its results for the first quarter fiscal 2023 ended October 1, 2022. Andrew Berger, Chief Executive Officer, stated, “Our first quarter sales performance was inline with our expectations as our teams navigated a challenging consumer environment as well as the previously discussed disruption in receipt flow due to the timing of the finalization of our strategic investment late in the quarter. As we look ahead to the remainder of the year and beyond, I look forward to working with our teams to execute our plans to drive traffic and profitability for Tuesday Morning.” First Quarter Fiscal 2023 Results of OperationsAs of the end of the first quarter fiscal 2023, the Company operated...