CFO News

MARCH 12, 2024

India's retail inflation witnessed a marginal decline in February, settling at 5.09 Despite concerns over rising food prices, the RBI maintains its inflation forecast for FY24 at 5.4 percent annually.

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VCFO

APRIL 21, 2022

vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. Prior to joining vcfo, Gary’s career includes Controller, Auditor, CFO, and Senior Vice President positions for organizations like Kinko’s and Blockbuster. About vcfo. At vcfo, our mission is always to make your company stronger.

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CFO News Room

NOVEMBER 15, 2022

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. s retail insights division. from 2021 to $188.2 Kroger CIO Yael Cosset. Suvajit Basu.

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CFO News

SEPTEMBER 24, 2023

S&P Global Ratings has maintained its growth forecast for India at 6% for the current fiscal year. S&P also revised up its retail inflation forecast to 5.5% The agency cited factors such as the slowing global economy, the risk of subnormal monsoons, and the delayed impact of rate hikes. due to higher global oil prices.

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CFO Plans

JUNE 14, 2024

Case Study: A mid-sized retail company transitioned from traditional accounting methods to a SaaS-based accounting software solution. Virtual CFO services provide you with access to experienced financial professionals who can guide your business through financial planning, budgeting, and forecasting.

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Accounting CFO Manufacturing Tax Planning 52

Future CFO

DECEMBER 7, 2022

It has also lowered its 2023 forecast to 4.9% while the inflation forecast has been raised to 4.0% Given the continuing uncertainties we face today and the disruptions that come with these, how should CFOs strategize and lead their organisations to become the disruptors? this year, down from 5.2% in April 2022.

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CFO Plans

MAY 30, 2024

For example, a mid-sized retail company outsourced their tax accounting and discovered several overlooked tax credits, resulting in substantial savings. Fractional CFO Services Offer Strategic Financial Oversight For many small to medium-sized enterprises, hiring a full-time CFO may not be feasible.

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Compliance Accounting CFO Manufacturing 52

CFO Simplified

FEBRUARY 17, 2022

Bringing Value through CFO Insights. Business – E-commerce computer retailer. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. As with many internet retailers, the company had its share of returns. Location – Southern Wisconsin. Initial contact –.

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CFO News Room

JANUARY 22, 2023

after the company cut its annual profit forecast for its fiscal year following weak holiday sales. The retailer reported that net sales for the holiday period slipped 3.5%, and that it now expects annual revenue growth at the lower end of the 5% to 7% range it previously gave. Nordstrom – Nordstrom shares fell 6.5%

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CFO News Room

NOVEMBER 19, 2022

The apparel and footwear retailer also raised its full-year forecast and reported an unexpected rise in comparable store sales. The apparel retailer is in the midst of a turnaround effort that has involved scaling down inventories and streamlining its brand portfolio. Gap (GPS) – Gap shares rallied 5.1% Shares gained 4.4%

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CFO Talks

MARCH 19, 2024

Change Management: The Modern CFO’s Blueprint The role of a Chief Financial Officer (CFO) goes way beyond just looking after the company’s money. Developing the Finance Agenda Once strategic priorities are identified, the CFO distills these insights into a clear, concise list of goals.

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PYMNTS

OCTOBER 23, 2020

The firm especially saw gains in non-travel and expense card-not-present activity related to categories such as retail. CFO Jeffrey Campbell said on the company’s earnings call that non-T&E spending accounted for 88 percent of that segment. CNP And Retail Spend . billion consensus forecast from analysts.

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PYMNTS

MAY 19, 2020

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

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CFO Selections

MAY 12, 2023

There is a misconception that business services companies do not need to prioritize cash flow management in the same way that retail businesses do because they do not have the same kind of inventory demands. However, cash flow planning is just as important for service providers as it is for retailers because cash is the lifeblood of both!

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Cash Flow Forecasting Forecasting Prioritization Retail 52

CFO News Room

NOVEMBER 17, 2022

The retailer also raised its guidance for full-year per-share earnings. It also raised its earnings forecast for the year but left its revenue guidance unchanged. . BJ’s Wholesale – Shares dropped 6% despite the company reporting beats on the top and bottom lines and raising its full-year forecast for per-share earnings.

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Future CFO

JANUARY 4, 2023

Digital native retail businesses are expected to see resounding success in the coming few years, but their existing strategies might need a tweak soon as traditional retailers are catching up, said Bain & Company recently. Digital native retail businesses are retailers which initially operated exclusively online, Bain defined.

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CFO News Room

DECEMBER 9, 2022

home improvement retailer. a sporting goods and outdoor recreation retailer. Katy, Texas-based Academy Sports & Outdoors has about $400 million remaining under an existing buyback authorization, and doesn’t plan on accelerating repurchases because of the tax, Mr. Executives from auto retailer. internet retailer.

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CFO News Room

FEBRUARY 4, 2022

Revenue also topped the forecast on strong sales of the company’s Covid-19 antibody therapy as well as its eye drug Eylea. The company also reaffirmed its long-term forecasts and announced a $15 billion share-repurchase authorization. per share, beating the $18.35 consensus estimate. per share , well above the $3.57

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CFO News Room

NOVEMBER 5, 2022

in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. in premarket action after a weaker-than-expected sales forecast. in premarket trading, even as it reported a wider-than-expected loss and revenue that fell short of analyst forecasts. Warner Bros.

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CFO News Room

NOVEMBER 13, 2022

Bumble – Shares of the company known for its dating platforms added 10% even after Bumble issued a weak current quarter revenue forecast and missed expectations. Fair Isaac also issued guidance that beat a StreetAccount forecast. after it beat expectations for the quarter and raised its full-year forecast.

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PYMNTS

MARCH 1, 2019

Amid controversy around an anti-money laundering system, Revolut CFO Peter O’Higgins resigned from the firm. However, as Revolut begins to scale globally and applies to become a bank in multiple jurisdictions, the time has come to pass the reigns over to someone who has global retail banking experience at this level.”.

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CFO News Room

NOVEMBER 22, 2022

Abercrombie & Fitch – Shares of the retail stock jumped 19% after the apparel retailer beat Wall Street’s revenue forecasts for the third quarter and posted unexpected quarterly profit. Dick’s raised its full-year financial forecast as well. Craig Warga | Bloomberg | Getty Images. related investing news.

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CFO News

MAY 3, 2024

Global and Indian companies like Coca-Cola, Apple, and Reliance Retail anticipate a successful year ahead with strengthened demand post-March, despite global economic challenges. Robust growth forecasts are backed by increased consumer spending and a positive outlook for India's GDP.

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CFO News Room

FEBRUARY 3, 2022

The Tesla dealership in Eatonville, Florida is seen on March 1, 2019, the day after Tesla announced that it was closing its retail stores as a cost-cutting measure, in a shift to on-line only sales. The company’s gross margin forecast or 52% in the first quarter missed estimates of almost 53%. Revenue beat expectations as well.

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CFO News Room

DECEMBER 1, 2022

Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. Splunk — Splunk’s stock added 13% on solid quarterly results and an upbeat full-year forecast.

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CFO News Room

NOVEMBER 6, 2022

Analysts polled by Refinitiv were forecasting earnings of 23 cents per share on revenue of $4.49 Carvana — The online used car retailer stock dropped more than 8% after the company reported disappointing third-quarter results on the top and bottom lines, according to consensus estimates from Refinitiv.

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CFO News Room

DECEMBER 4, 2022

Economists forecast the unemployment rate was steady at 3.7%, and average wage growth slowed to 0.3% Retail is typically a bright spot in November, but Swonk said there are signs the industry is not ramping up as much as it normally might this holiday season. month-over-month, from 0.4% in October. ” Tech labor weakness. .

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Centage

SEPTEMBER 18, 2023

However, I owned my own business for 12 years, which through that time I played CFO out of necessity until we could afford one. The forecasting and what if scenarios are the potatoes and bread. But, this is what we had and in the end we probably had 10-15 linked complex spreadsheets driving a forecast and modeling.

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CFO Leadership

APRIL 5, 2023

In fact, in many organizations, HR’s talent game plan swings from industrywide hiring “binges” to job “chops” as external conditions and revenue forecasts dictate. 3 The largest increases in job openings were in accommodation and food services, retail trade, and construction. The unemployment rate was 3.4%.

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CFO News Room

NOVEMBER 4, 2022

Twilio — Twilio’s stock plunged nearly 36%, a day after the company issued a weaker-than-expected sales forecast. Analysts polled by Refinitiv were forecasting earnings of 23 cents per share on revenue of $4.49 PayPal — PayPal slid 5% after lowering its annual revenue growth forecast. Net sales rose 3.35 Warner Bros.

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Future CFO

DECEMBER 2, 2019

Hong Kong’s retail sector continues its slump, with sales by value shrinking by 24.3% year-on-year in October, a record drop for the city which experienced nine consecutive months of retail contraction. By volume, retail sales plunged 26.2%, according to government numbers. YoY) and September (-40.8%YoY). Clothing sales fell 36.9%YoY

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CFO News Room

DECEMBER 26, 2022

Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer’s stock slumped 12.7% versus FactSet’s consensus forecast of a 16.9% in premarket trading after the chip maker reported a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts.

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Profit and Loss Forecasting Startups Technology 130

Jedox Finance

SEPTEMBER 3, 2020

It thrust the Chief Financial Officer (CFO) to the frontline of business survival and saw many setting up cash control towers with granular oversight over cash flow, receivables, and payables to navigate disruptions. The room for poor assumptions and missed forecasts shrank. The depth and breadth of the 2020 crisis caught many unaware.

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PYMNTS

JUNE 8, 2016

VP and CFO Mary Meixelsperger has resigned. While the company outperformed Wall Street forecasts, its same-store sales suffered and its net income declined by 37 percent, Chain Store Age reported. The executive shuffle at DSW comes at a time when numerous other retailers are going through a similar transition.

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PYMNTS

JUNE 29, 2018

Maw has been the company’s CFO for four years after being promoted to the position in February 2014. For his part, Maw’s first two years as CFO led to an increase in comparable store sales growth, with Starbucks consistently topping Wall Street earnings forecasts. ”

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CFO Leadership Forecasting Sales 40

CFO News Room

JANUARY 21, 2023

While Netflix missed earnings expectations, it added more subscribers than analysts were forecasting. Nordstrom — Shares of the retailer fell 7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% In a statement, CEO Erik Nordstrom described the retail environment as “highly promotional.”

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CFO News Room

NOVEMBER 18, 2022

The company was also named by Credit Suisse as its top pick in the off-price retail sector. The retail earnings meltdown may be suspended for the holidays. Foot Locker — Shares jumped 7% after Foot Locker reported surpassed expectations in its latest quarterly report and raised its full-year forecast. related investing news.

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