Rent the Runway names new CFO as it slogs toward profitability
CFO Dive
APRIL 13, 2023
The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.
How to Calculate Your Profitability: A Case Study
CFO Simplified
APRIL 17, 2022
As Iowa State University reminds us, “profitability is the primary goal of all business ventures.”. Business leadership is often responsible for measuring current, past, and future profitability. But what is profitability? This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss.
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Will evaluate shareholders’ requests for dividends, but no decision yet: Zomato CFO Akshant Goyal
CFO News
AUGUST 30, 2023
On August 3, Zomato reported a maiden consolidated net profit of Rs 2 crore for the quarter ended June 2023, as against a loss of Rs 186 crore a year ago. The profitable turn came on the back of higher order frequencies from its loyalty programme, Gold.
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Profit or loss of a PSU not among criteria for disinvestment: Fin Min
CFO News
AUGUST 1, 2023
The finance ministry informed the Parliament that profit or loss of a state-run company is not among the relevant criteria for its privatisation or disinvestment policy but it’s based on the economic principle that the government should discontinue in sectors where competitive markets have come of age.
895: Learning to Manage Upward | Paul Sheriff, CFO, NewDay
CFO Thought Leader
MAY 3, 2023
Back in 2006, when Paul Sheriff had only recently been named group financial director for a midsize banking business based in the United Kingdom, his team noticed that the profit margins of a certain banking product were experiencing a steady decline. “Managing upward is a key skill for inspiring confidence at all stages of your career.”
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Lime CFO On Riding Toward A Profitable Future
PYMNTS
SEPTEMBER 21, 2020
Lime wants to be the first micro-mobility company to be profitable for the full year as of 2021. Ellis said COVID-19 has “fundamentally changed the profitability model of our business.”. Ellis said everything is on the table because it’s all relevant to Lime’s future profitability picture and ultimate corporate destination.
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Today’s CFO Must Be… Talent Focused
Beacon CFO Plus
MAY 19, 2022
Understanding the Talent-Focused CFO. As the company’s de facto risk-management officer, the CFO is often charged with pointing out these risky mismatches to the management team and advocating for personnel changes. Talent significantly affects profit and loss for your organization. Build a strong employee experience.
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Q3 Results: GAIL profit rises 121% on higher spot LNG prices
CFO News Room
FEBRUARY 5, 2022
State-run gas transporter GAIL ’s net profit increased 121.1% crore on a standalone basis in the quarter ended December, as the natural gas marketing business — GAIL’s largest revenue earner — reported a before-tax profit of Rs 1,749.7 crore against a loss of Rs 73.7 GAIL revenue increased 65.9% y-o-y to Rs 26,427.4
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HSBC CFO: Bank to restructure after Q3 profit drop
Future CFO
OCTOBER 28, 2019
HSBC’s CFO Ewen Stevenson said the bank plans to restructure its loss-making businesses after announcing an 18% year-on-year drop in pre-tax profit in Q3 on Monday. The Hong Kong-listed bank reported pre-tax profit of US$4.8 The post HSBC CFO: Bank to restructure after Q3 profit drop appeared first on FutureCFO.
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Facebook’s Shares Plunge After Profit Decline
CFO News Room
FEBRUARY 2, 2022
startled investors with a sharper-than-expected decline in profits and a gloomy outlook in its first earnings report since Chief Executive. and Canada, two of the company’s most profitable markets, the results show. billion profit for the fourth quarter, below analyst expectations of $10.9 Facebook parent. Meta Platforms Inc.
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Part-Time CFO for Small Businesses
Michigan CFO
MAY 31, 2022
When it comes to making decisions that will affect your bottom line, it’s best to have the insight of a CFO to go by. But hiring a full-time CFO can be expensive. Enter part-time CFOs. A part-time CFO handles similar duties as a full-time CFO, but at reduced hours and hence reduced cost. What Is a Part-Time CFO?
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The CFO Guide to Gratitude 2023
CFO Leadership
APRIL 5, 2023
Loss Aversion The reason that giving people a few use-it-orlose-it dollars at the beginning of the month isso effective at changing behavior has to do with loss aversion psychology. The post The CFO Guide to Gratitude 2023 first appeared on CFO Leadership. Here are some tips for getting it right.
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The CFO Guide to Gratitude
CFO Leadership
OCTOBER 10, 2022
Profitability increases by 22%. Loss Aversion The reason that giving people a few use-it-orlose-it dollars at the beginning of the month isso effective at changing behavior has to do with loss aversion psychology. The post The CFO Guide to Gratitude first appeared on CFO Leadership. About motivosity.
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Credit Suisse reportedly pulls C-suite, banker bonuses
CFO Dive
FEBRUARY 10, 2023
The Swiss bank is aiming to incentivize executives with long-term awards as it attempts to return to profitability. It reported its second consecutive annual net loss.
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Accounting Terms 101: A Beginners Guide for Business Owners
Capital CFO LLC
APRIL 4, 2023
As a business owner, you may have heard various accounting terms thrown around, such as balance sheet, cash flow, and profit and loss statement. However, it is essential to have […] The post Accounting Terms 101: A Beginners Guide for Business Owners appeared first on Capital CFO+.
PodChats for FutureCFO: Disrupting the disruptor – a CFO perspective
Future CFO
DECEMBER 7, 2022
You want to do this because, for example, if you are suffering business losses or you feel that your competitor is doing something different or there is some new technology that you must keep up with. The post PodChats for FutureCFO: Disrupting the disruptor – a CFO perspective appeared first on FutureCFO. William Foo.
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The business value of fractional CFOs
Future CFO
DECEMBER 5, 2022
While it is common to find a chief finance officer (CFO) helming a large or multinational organisation, the costs associated with having one in-house can be a hurdle for smaller organisations. According to payscale , the average base salary of a CFO in Hong Kong is HK$1,351,820 per year. Hiring a CFO when money is the problem.
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MakeMyTrip clocks profit of $2 million in Q2FY24, to acquire Savaari Car Rentals
CFO News
OCTOBER 31, 2023
billion, marking a 24% year-on-year increase, with a profit of $2 million compared to a loss of $6.8 The transaction is set to be finalized by December 31, 2023, as the company aims to bolster its presence in the Indian inter-city car rental market. In its Q2 2024 results, MakeMyTrip reported gross bookings of $1.8
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How to Structure Your SaaS P&L
The SaaS CFO
APRIL 5, 2022
I talk about the SaaS P&L (profit and loss statement) almost every week with SaaS founders, finance, and accounting teams. The post How to Structure Your SaaS P&L appeared first on The SaaS CFO. At this point, I’ve reviewed hundreds of SaaS P&Ls (also called an income statement).
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What's a Virtual Healthcare CFO?
Adam Kae
SEPTEMBER 24, 2020
Adam Kae & Associates is a Virtual Healthcare CFO. This article will talk about: What a CFO Does. What a Healthcare CFO Does. What it Means to be a Virtual CFO. CFO - Chief Financial Officer. CFOs are the head of the finance department. Here's a Brief List of (Some) CFO Tasks: Financial Reporting.
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The Best Time to Make a Profit is ALWAYS
Michigan CFO
JULY 13, 2021
And in Q1 of 2017, investors were pleased the company reduced its quarterly loss to $708M from the Q4 2016 loss of $991M. From CNNtech: “To many readers, the loss is nothing short of staggering. Losses down, even though they keep investing heavily around the world.” The time to be profitable is ALWAYS.
Fuel retail turns profitable for OMCs
CFO News
MARCH 2, 2023
Companies are estimated to have made a loss of Rs 1.2 But a profit of Rs 6.8 per litre on the sale of diesel in the current quarter so far. per litre on petrol has turned the blended margin on the two fuels positive, according to the brokerage.
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Chewy Looks to Open More Automated Fulfillment Centers in Drive to Control Costs
CFO News Room
JANUARY 3, 2023
Marte said, adding that Chewy is working to grow profits and taking out costs. Its net profit was $2.3 million loss in the year-ago quarter. Its net profit margin rose from minus 1.5% to 2% of net sales on capital expenses, according to the CFO. . WSJ | CFO Journal. billion for the quarter ended Oct.
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Mastering Agency Finances: Why Glancing at Your Bank Statement Is NOT Good Enough
Adam Kae
NOVEMBER 17, 2023
There are three fundamental financial statements that should be at the core of your financial management strategy: the cash flow statement, the profit and loss statement, and the balance sheet. [link] Beyond the Surface - The Essential Trio of Financial Statements To truly master your agency's finances, it's crucial to delve deeper.
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Groupon’s CFO Resigns To Pursue Other Opportunity
PYMNTS
AUGUST 23, 2019
The Chicago-based company revealed that CFO Michael Randolfi, who has been with the company since 2016, is resigning, effective Friday (Aug. The CFO was more than just a CFO,” said Tom Forte, a senior research analyst at D.A. His departure from the company is a significant loss.”. Gross profit decreased to $292.1
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Interpreting the Income Statement and Cash Flows
CFO Share
AUGUST 16, 2023
Here’s how they can be correlated in different scenarios: Mature Firm – Profitable P&L and positive cash flow The most sustainable situation and generally a favorable one as the company is generating profits on the income statement and generating positive cash flow from its operations. Hire our CFO services team today!
HSBC Announces U.S., U.K. Restructuring Amid Q3 Losses
PYMNTS
OCTOBER 28, 2019
Losses at some HSBC businesses are causing the bank — Europe’s largest — to restructure, CNBC reported Monday (Oct. HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019, compared to the same period last year, reports said. billion in pre-tax profits, below analyst expectations, with revenue at $13.36
Capital Structure – Beyond the Income Statement
VCFO
OCTOBER 10, 2023
This owner focuses on maximizing profit and minimizing tax liability with reporting and operations directed at those aims. What they didn’t have was an experienced CFO that understood the lens that potential purchasers and investors were looking at the company through. A fractional CFO serves as an expert guide for business owners.
DraftKings, Cinemark, Hershey and more
CFO News Room
NOVEMBER 5, 2022
in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. after reporting better-than-expected quarterly revenue, even though its loss was larger than analysts had anticipated. Cinemark (CNK) – The movie theater operator’s stock rallied 6.5% Warner Bros.
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How to Read Your Income Statement
CFO Simplified
MAY 1, 2022
Better yet, we have Larry Chester, President of CFO Simplified to explain things. What is the biggest profit that we have?”. Larry Chester of CFO Simplified describes a pivotal moment for one of his clients. “I An outsourced CFO, like those who work at CFO Simplified, can help get your financials on track.
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JPMC CFO To Run Consumer Lending Business
PYMNTS
APRIL 18, 2019
In addition, outgoing CFO Marianne Lake has been named the CEO of the company’s consumer lending business. Lake has served as CFO of JPMorgan since 2012. During her first year as CFO, she had to deal with the fallout from the bank’s 2012 “London whale” trading loss.
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Cash Basis vs. Accrual Basis: What’s the Difference?
CFO Simplified
SEPTEMBER 11, 2022
Today, we have Larry Chester , President of CFO Simplified, on camera to discuss cash basis vs. accrual basis accounting. Here, you’d have a huge amount of profit all at once. That net is how much of a profit or loss you had for that month. Read on to find out how fractional CFOs work with remote accounting teams.
A Modern Nonprofit Podcast: Talking Through WIN-WIN (Warehouse) Scenarios
The Charity CFO
OCTOBER 13, 2023
When liquidation takes place, more often than not the corporation would be at a negative or loss on the resale of office chairs. On for-profit books, by reducing tax liability (assets) the business can ultimately pay less in taxes at the end of the year, which will increase their net (loss) of income. Get the free guide!
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Financial Elevation Group: Answers To EVERY Financial Question You've EVER Had About Your Business
Adam Kae
NOVEMBER 14, 2022
Have You Ever Asked Yourself the Following Question: "Where did all of my profit go?". They all reside on the Balance Sheet and not the Profit and Loss Statement. If you have questions and want to take a deep dive into your missing profits, you can join the Financial Elevation Group starting December 7th, 2022.
Removing Confusion From Your Financials
CFO Simplified
DECEMBER 19, 2022
Often, I’m told by a business owner that they don’t understand why their financial statements show strong profitability for two or three months, and then — suddenly — they have a month with a significant loss. They have stable sales, but the highs and lows of profitability are confusing. You had a $6,000 loss.
How to run a successful loss leader strategy
CFO Share
JULY 14, 2022
How to run a successful loss leader strategy. Costco’s hot dogs are a loss leader – something sold at a loss to attract customers who are subsequently cross-sold and upsold. Would your business profit from a loss leader? The 5 qualities that make a loss leader successful are: They create cravings.
RBI issues revised norms for classification, valuation of investment by banks
CFO News
SEPTEMBER 12, 2023
As per the revised norms, banks will have to classify their entire investment portfolio under three categories -- Held to Maturity (HTM), Available for Sale (AFS) and Fair Value through Profit and Loss (FVTPL).
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Starbucks, Twilio, Carvana, DoorDash and more
CFO News Room
NOVEMBER 4, 2022
Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results.
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Financial Statements: What’s the Most Important Statement You Can Review?
Michigan CFO
SEPTEMBER 28, 2021
Each time we review a financial statement with our clients, they inevitably turn right to the Profit and Loss Statement (P&L, or Income Statement) and look to the “bottom line”. The business could have generated cash through profits, collection of accounts receivable, selling of assets (inventory) to name a few.
Profitability: More than one-third of businesses report 11-30% drop
Future CFO
OCTOBER 28, 2021
When it comes to profitability during the pandemic, businesses have suffered decrease and 32% of 536 businesses across 26 trade sectors surveyed in Asia Pacific reported 11-30% drop, said Euler Hermes recently when releasing results of a study. 81% of respondents reported that they have suffered decrease in profitability under the pandemic.
Fintech lenders see profits in FY23 after rough couple of years
CFO News
JULY 31, 2023
After years of logging losses and write-offs, Lendingkart, Indifi, Fibe and a few others are in the black and hoping to stabilise their businesses over the next two years.
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How Business Owners Can Create Good Banking Relationships
CFO Simplified
AUGUST 14, 2022
Watch Larry Chester, President of CFO Simplified and financial savant explain how to build back a good relationship with your bank so you can be bankable again in the video below. . You don’t want to be showing a large profit one month and a large loss the next month—even if over a period of time that balances itself out.
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Norwegian Cruise Line, Allstate, Roblox and more
CFO News Room
JANUARY 19, 2023
Alcoa’s adjusted fourth quarter loss was 70 cents per share, narrower than the 81 cent loss expected, according to StreetAccount. However, the company’s adjusted EBITDA — a profit metric that includes fewer expenses than net income — missed estimates. Alcoa — Shares of the aluminum company fell 4.6%
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Under Armour, Robinhood, Peloton, Lincoln National and more
CFO News Room
NOVEMBER 3, 2022
after the company reported a smaller-than-expected quarterly loss as well as revenue that topped analyst forecasts. UBS highlighted Tal’s strong topline beat and improved profitability outlook. after Royal Caribbean reported third-quarter earnings that beat profit and sales forecasts. per share loss.
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