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Stock impact report

Sleep Number (SNBR) Q3 2024 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

KeyCorp (KEY) 
Last keycorp earnings: 4/16 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.key.com
Board Chair, President and Chief Executive Officer — Shelly Ibach Chief Financial Officer — Francis Lee Chief Accounting Officer — Dave Schwantes TAKEAWAYS CEO Succession -- Shelly Ibach announced her retirement as Board Chair, President, and CEO by the 2025 annual shareholders meeting, with the Board beginning the search for her successor and a planned transition period through the end of 2025. Net Sales -- $427 million in the quarter, down 10% year over year and five percentage points below internal expectations, reflecting continued pressure in a weak demand environment. Gross Margin Rate -- 60.8% for the quarter, a 340 basis points increase from the prior year, driven by ongoing cost reduction and gross margin initiatives. Adjusted EBITDA -- $28 million for the quarter, up 11% year over year and at the midpoint of the guidance range of $25 million to $30 million. Operating Expenses -- Decreased by $17 million year over year in the quarter before restructuring cost Show less Read more
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