- slot login
- 2025-01-17 Author: Hua Erjun Source: http://admin.turflak.no/cpresources/twentytwentyfive/
-
In addition to the main event, the WTT Singapore Grand Slam will also feature various side activities, including autograph sessions, coaching clinics, and meet-and-greet opportunities with the players. This interactive and engaging format allows fans to get up close and personal with their favorite athletes and immerse themselves in the excitement of the tournament.Ameren Corp. stock underperforms Tuesday when compared to competitors despite daily gainsslot login 。summary: slot login .
Moreover, the map feature in "Black Myth: Wukong" embraces a non-linear approach to gameplay, encouraging players to deviate from the beaten path and venture into uncharted territories. By offering multiple routes and hidden areas that may not be immediately visible on the map, the game motivates players to exercise their curiosity and creativity, leading to unexpected surprises and rewards along the way.In conclusion, the joint action undertaken by the ten departments in Liaoning Province to strengthen computing power and empower intelligence is a testament to the province's commitment to embracing AI and digital technologies as key drivers of future growth and development. With a clear vision, strategic planning, and coordinated efforts, Liaoning is laying the groundwork for a more innovative, efficient, and prosperous future for all its residents.Despite the initial setback, the team behind the website worked tirelessly to address the server issues and implement temporary fixes to accommodate the surge in traffic. Gradually, the site began to stabilize, allowing more users to access it successfully.
FAMILY FEUDS TAKE CENTER STAGE IN DRAMATIC ELECTORAL BATTLESHis success on the track was a result of hard work, dedication, and a deep passion for racing. The Honda rider's commitment to constantly improving his craft and pushing himself to new heights paid off in the form of the championship title, a well-deserved reward for his efforts throughout the season.Lock Stock With the S&P 500 dancing nervously around all-time highs, all investors have to be careful to conduct careful reviews of our portfolios to ensure that the most richly valued stocks don't send our YTD gains down if a Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Trump is threatening to raise tariffs again. Here's how China plans to fight back
STEALTHGAS INC. Heading for Record YearTitle: Data Center Fire? Alibaba Responds!
TEN, Ltd (TEN) reported results (unaudited) for the nine months and third quarter ended September 30, 2024. In the first nine months of 2024, with 11 vessels undergoing scheduled dry docking and three performing repositioning voyages, TEN’s fleet generated healthy gross revenues and operating income of $615.8 million and $236.1 million respectively, including $48.7 million in gains from vessel sales. This resulted in net income, for the first nine months of 2024, of $157.0 million, equating to $4.62 per common share. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the 2024 nine months reached $314.1 million, a $100.1 million increase from the 2024 six-month level. Fleet utilization, reflecting the fleet’s increased dry dockings and repositioning activity over the first nine months of 2024, was at 92.2% making the average TCE per ship per day settling at $33,390, a healthy and accretive level. Vessel operating expenses were at $147.4 million for the nine months ended September 30, 2024, corresponding to the increase of the fleet, both in terms of the number of vessels and vessel sizes since September 30, 2023, however, due to efficient management and enhanced fleet modernity, vessel operating expenses on a per ship per day basis experienced a 3.3% decline from the 2023 nine-month level and settled at $9,306. Depreciation and amortization combined experienced a slight increase, commensurate to both the higher number and larger size of vessels in the fleet and reached $118.4 million from $106.7 million in the 2023 same nine-months period. During the first nine months of 2024, debt repayments amounted to $155.9 million while total debt and other financial liabilities reached $1.8 billion, in line with the growth the fleet experienced from the same nine-month period in 2023, against a book value of $3 billion. Total finance costs for the first nine months of 2024 amounted to $87.4 million, mostly due to the continuing higher global interest rates and increased loans to support growth, compared to the 2023 equivalent period. Cash reserves remained solid at $386 million as of September 30, 2024, $9.2 million higher from the December 31, 2023, level, after payments of $258 million for common and preferred dividends, growth capital and the repurchase of two vessel lease options. During the summer months of 2024, lower oil prices steered an upsurge in Chinese oil imports that facilitated stockpiling and acted as a catalyst for the recovery of tanker spot rates. This resurgence also reinvigorated demand for secondhand tonnage, reinforcing market dynamics and bolstering overall sector performance. To this effect, TEN’s fleet, 43% of which operated under market-related contracts, generated over $200 million in revenue and achieved an operating income of $56.9 million in the third quarter of 2024, compared to $186.7 million and $53.0 million respectively for the same period in 2023. The resulting net income of $26.5 million or $0.67 per common share largely reflected the higher depreciation costs assumed during the quarter due to the higher number and larger size of vessels in the fleet when compared to the 2023 third quarter. Adjusted EBITDA in the 2024 third quarter amounted to $100.1 million, from $91.6 million in the 2023 third quarter. Depreciation and amortization combined were at $41.3 million, $5.0 million higher than the 2023 level, due to the increased size of fleet and number of vessels. With three vessels undergoing scheduled dry dockings during this quarter, fleet utilization settled at 92.8%, which resulted in an average TCE per ship per day of $32,539, 3.8% higher the 2023 third quarter level. Vessel operating expenses for the third quarter of 2024 were $49.1 million, $1.6 million lower than in the same period of 2023. On a per ship per day basis, these expenses experienced a 10% drop compared to the 2023 equivalent third quarter and settled at $9,188. Interest and finance costs were $32.2 million during the third quarter of 2024 after new loans for vessel acquisitions and still elevated global interest rates. In line with the Company’s semi-annual dividend policy to holders of its common stock and following the July 2024 payment of $0.60, TEN, will pay a dividend of $0.90 per common share on December 20, 2024, to holders of record as of December 16, 2024, increasing the total payments made for fiscal 2024 to $1.50, 50% higher than the 2023 distribution. Since its listing on NYSE, TEN maintains an uninterrupted dividend distribution for both common and preferred shares, totaling $870 million. In an environment where new vessel supply is at its lowest point for 30 years, tanker market prospects look promising for the near future. This, in a backdrop of increasing global energy demand, allows companies with modern diversified fleets and versatile employment structures to capitalize on the increasing appetite of energy majors for long-term contracts at healthy and accretive rates. The absence of a clear direction on future environmental engine propulsion, coupled with longer ton miles, due to geopolitical events, add to the positive environment. Our well-tested industrial shipping model places the Company in the forefront of those demands. With a strong balance sheet and ample liquidity, TEN offers environmentally friendly vessels to its client’s long-term requirements. The increased presence in the high-end dual-fuel LNG powered tanker sector is a testament to that. With 21 new vessels, three of which DP2 shuttle tankers under construction on long-term contracts to significant energy users, TEN’s long-standing presence in this high barrier to entry sector, is further enhanced. Management continues to actively explore strategic opportunities, across all sectors in which it operates. In view of the above, and in line with our commitment to always maintaining a modern fleet, TEN will also explore divestment opportunities for its earlier generation vessels and in that way monetize the full value of the assets the current market environment is providing for. Vessel employment strategies will continue to be flexible and versatile to safeguard the cash generating ability of the fleet while maintaining earnings visibility going forward. “With a fleet of 74 vessels, 11 of which underwent scheduled dry dockings this year, thus far, the fleet performed well, setting high standards for operational excellence, fleet growth and shareholders rewards. The $1.50 per common share total dividend for 2024 is proof to that,” Mr. George Saroglou, President of TEN commented. “With healthy cash balances and committed growth, we remain confident that TEN will be at the forefront of growth and value investors going forward,” Mr. Saroglou concluded. Source: TEN Ltd.Welcome to the adrenaline-fueled world of racing simulation, where speed, precision, and the ultimate quest for victory collide in the "Assetto Corsa" series. As an avid fan and player, you are about to embark on an electrifying journey through the virtual realm of high-speed racing, where every curve, every lap, and every split-second decision will test your skills and push you to the limits of your racing prowess. Join us as we delve into the exciting "Godlike Power" festival celebration of the "Assetto Corsa" series on Steam, where enthusiasts like you gather to share their passion for the art of racing.
49ers WR Deebo Samuel speaks on his deleted tweet: ‘A little frustrated, for sure’Real Risk Vs. Perceived Risk: One Can Kill You, The Other Not So MuchJordan Sears scores 25 points, Jalen Reed has double-double and LSU outlasts UCF 109-102 in 3OT
Sangio's willingness to adapt his playing style and embrace a more assertive approach in front of goal has not gone unnoticed by fans and analysts alike. His recent performances have showcased a newfound aggression and determination that has elevated his status as a top goal scorer in the league.The owners of a Colorado funeral home who let nearly 190 bodies decay in a room-temperature building and gave grieving families fake ashes pleaded guilty on Friday to corpse abuse. Jon and Carie Hallford, who own the Return to Nature Funeral Home, began storing bodies in a decrepit building near Colorado Springs as far back as 2019 and gave families dry concrete in place of cremated remains, according to the charges. The grim discovery last year upended families’ grieving processes. Plea deals reached between the defendants and prosecutors call for Jon Hallford to receive a 20-year prison sentence and Carie Hallford to receive 15 to 20 years in prison. Over the years, the Hallfords spent extravagantly, prosecutors say. They used customers’ money and nearly $900,000 in pandemic relief funds to buy laser body sculpting, fancy cars, trips to Las Vegas and Florida, $31,000 in cryptocurrency and other luxury items, according to court records. Last month, the Hallfords pleaded guilty to federal fraud charges in an agreement in which they acknowledged defrauding customers and the federal government. Under the agreement, prosecutors could request sentences of up to 15 years in prison for the couple. Even as the couple lived large, prosecutors said the bodies at their funeral home were decomposing. “The bodies were laying on the ground, stacked on shelves, left on gurneys, stacked on top of each other or just piled in rooms,” prosecutor Rachael Powell said. She said the family members of the bodies that were discovered “have been intensely and forever outraged.” The Hallfords each pleaded guilty to 191 counts of corpse abuse for the bodies found decaying and two instances where the wrong bodies were buried. They also agreed to pay restitution, with the amount yet to be determined. Additional charges of theft, forgery and money laundering would be dismissed under the agreements. Crystina Page’s son, David, died in 2019 and his body languished in the funeral home’s building until last year. “He laid in the corner of an inoperable fridge, dumped out of his body bag with rats and maggots eating his face for four years,” Page said outside the courtroom after the hearing. “Now every moment that I think of my son, I’m having to think of Jon and Carie, and that’s not going away.” Sentencing was set for April 18. Six people with objections to the plea agreements had asked prior to Friday’s hearing to address the court. They considered the length of the sentences under the plea deal insufficient given the Hallfords’ conduct, prosecutors said. Judge Eric Bentley said they would get a chance to speak prior to the sentencings. If the judge rejects the plea agreement, the Hallfords would be able to withdraw their guilty pleas and go to trial. Carie Hallford told the judge that while she didn’t visit the building as much as Jon, “I knew how bad it was and chose to do nothing about it.” At the close of Friday’s hearing, Bentley revoked a bond that had allowed Carie Hallford to remain free while the case was pending. She was handcuffed in the courtroom while family members of the deceased applauded. Jon Hallford already was in custody, and was in an orange jumpsuit and handcuffed for the hearing. Last month, the Hallfords pleaded guilty to federal fraud charges in an agreement in which they acknowledged defrauding customers and the federal government. Jon Hallford is represented by the public defenders office, which does not comment on cases. Carie Hallford’s attorney, Michael Stuzynski, declined to comment. Over four years, customers of Return to Nature spread what they thought were their loves ones’ ashes in meaningful locations, sometimes a plane’s flight away. Others carried their urns on cross-country road trips or held them tight at home. The bodies, which prosecutors say were improperly stored, were discovered last year when neighbors reported a stench coming from a building in the small town of Penrose, southwest of Colorado Springs. Authorities found bodies too decayed for visual identification. The building was so toxic that responders had to wear hazmat gear and could remain inside only for brief periods. The discovery of the bodies at Return to Nature prompted state legislators to strengthen what had been among the laxest funeral home regulations in the country. Unlike most states, Colorado didn’t require routine inspections of funeral homes or credentials for the businesses’ operators. This year, lawmakers brought Colorado’s regulations up to par with most other states, largely with support from the funeral home industry. ___ Bedayn is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Stocks closed higher on Wall Street as the market posted The owners of a Colorado funeral home who let nearly The Supreme Court on Friday stepped into a major legal Oil company Phillips 66 has been federally indicted in connection
The pork market has been experiencing a rollercoaster ride in recent months, with fluctuating pig prices creating uncertainty among industry players. After a period of decline, pig prices have rebounded, sparking questions about the sustainability of this upward trend. As we head into the peak season for salted pork production, known as "La Month," experts are closely observing market dynamics to determine whether the rebound in pig prices can be sustained.The decision to set the IPO price at ¥1455 per share demonstrates Kaidrive's confidence in its business model and growth prospects. The company, known for its innovative use of augmented reality technology in mobile gaming, has seen rapid growth in recent years, attracting a dedicated fan base and achieving significant revenue milestones.
Thomas Sorber, Georgetown roll past Coppin State
In conclusion, the tale of Tiralady in the stand-up comedy show on women's safety served as a thought-provoking and chilling exploration of societal norms and gender dynamics. Through the lens of humor and storytelling, the comedian offered a unique perspective on the multifaceted nature of female experiences, leaving the audience both entertained and deeply contemplative. Tiralady may have started as a comical character, but she ultimately emerged as a mirror reflecting the haunting truths of women's safety in a world fraught with uncertainties.MISSOULA, Mont. (AP) — Marcus Adams Jr.'s 25 points helped CSU Northridge defeat Utah Tech 89-79 on Sunday night at the Stew Morrill Classic. Adams added five rebounds for the Matadors (4-1). Keonte Jones added 23 points while shooting 8 of 15 from the field and 5 for 10 from the line while they also had nine rebounds and three blocks. Scotty Washington had 19 points and went 7 of 14 from the field (3 for 6 from 3-point range). The Trailblazers (1-5) were led by Hakim Byrd, who posted 23 points. Utah Tech also got 15 points from Noa Gonsalves. Samuel Ariyibi finished with 14 points and three blocks. The Matadors play Denver and Utah Tech takes on Montana when the event wraps up on Monday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its third quarter ended November 2, 2024. "I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the 4 th consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said President and Chief Executive Officer, Richard Dickson . "Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.'s full potential." Dickson continued: "Holiday is off to a strong start and we remain focused on executing with excellence in the fourth quarter. Our performance year-to-date gives us the confidence to raise our full year outlook for sales, gross margin and operating income growth." Third Quarter Fiscal 2024 – Financial Results Balance Sheet and Cash Flow Highlights Additional information regarding free cash flow, which is a non-GAAP financial measure, is provided at the end of this press release along with a reconciliation of this measure from the most directly comparable GAAP financial measure for the applicable period. Third Quarter Fiscal 2024 – Global Brand Results Comparable Sales Third Quarter 2024 2023 Old Navy — % 1 % Gap 3 % (1) % Banana Republic (1) % (8) % Athleta 5 % (19) % Gap Inc. 1 % (2) % Old Navy: Gap: Banana Republic: Athleta: Fiscal 2024 Outlook As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. Please note that the company's projected full year fiscal 2024 operating income growth below is provided in comparison to its full year fiscal 2023 adjusted operating income, which excludes $93 million in restructuring costs and a $47 million gain on sale of a building. Full Year Fiscal 2024 Current FY24 Outlook Prior FY24 Outlook FY23 Results Net sales Up 1.5% to 2.0% on a 52-week basis Up slightly on a 52-week basis $14.9 billion 1 Gross margin Approximately 220 bps expansion Approximately 200 bps expansion 38.8 % Operating expense Approximately $5.1 billion Approximately $5.1 billion $5.17 billion (adjusted) 2 Operating income Mid to High 60% growth range Mid to High 50% growth range $606 million (adjusted) 3 Effective tax rate Approximately 26.5% Approximately 28% 9.7 % Capital expenditures Approximately $500 million Approximately $500 million $420 million 1 Fiscal year 2023 consisted of 53 weeks and the extra week drove approximately $160 million of incremental sales. 2 Fiscal year 2023 adjusted operating expense of $5.17 billion excludes $89 million in restructuring costs and a $47 million gain on sale. 3 Fiscal year 2023 adjusted operating income of $606 million excludes $93 million in restructuring costs and a $47 million gain on sale. Webcast and Conference Call Information Whitney Notaro , Head of Investor Relations at Gap Inc., will host a conference call to review the company's third quarter fiscal 2024 results beginning at approximately 2:00 p.m. Pacific Time today. Ms. Notaro will be joined by President and Chief Executive Officer, Richard Dickson and Chief Financial Officer, Katrina O'Connell . A live webcast of the conference call and accompanying materials will be available online at investors.gapinc.com . A replay of the webcast will be available at the same location. Non-GAAP Disclosure This press release and related conference call include financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to provide investors with additional useful information about the company's financial performance, to enhance the overall understanding of its past performance and future prospects, and to allow for greater transparency with respect to important metrics used by management for financial and operating decision-making. The company presents these non-GAAP financial measures to assist investors in seeing its financial performance from management's view and because it believes they provide an additional tool for investors to use in computing the company's core financial performance over multiple periods with other companies in its industry. Additional information regarding the intended use of non-GAAP measures included in this press release and related conference call is provided in the tables to this press release. The non-GAAP measures included in this press release and related conference call are adjusted operating expense/adjusted SG&A, adjusted operating income, adjusted operating margin, adjusted diluted earnings per share, and free cash flow. These non-GAAP measures exclude the impact of certain items that are set forth in the tables to this press release. In addition, the company's outlook includes projected full year fiscal 2024 operating income growth compared to its full year fiscal 2023 adjusted operating income. The non-GAAP measures used by the company should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted. The company urges investors to review the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures included in the tables to this press release below, and not to rely on any single financial measure to evaluate its business. The non-GAAP financial measures used by the company have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Forward-Looking Statements This press release and related conference call and accompanying materials contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding the following: becoming a high performing company; unlocking Gap Inc.'s potential; our four strategic priorities, including maintaining and delivering financial and operational rigor, the reinvigoration of our brands, strengthening our operating platform, and energizing our culture; driving relevance and revenue by executing on our brand reinvigoration playbook; expectations for Old Navy for the holiday season; accelerating Old Navy's presence in the Active category; Old Navy's holiday activations and product; reigniting Gap brand's leadership in trend-right products and creative expression through big ideas and culturally relevant messaging; reestablishing Banana Republic to thrive in the premium lifestyle space; evolving Banana Republic's assortment and fit; continuing to fix the fundamentals at Banana Republic; Banana Republic's holiday product; Athleta's trajectory; Athleta's holiday product; enhancing Athleta's in-store and online experiences; driving high-performance across our teams; executing with excellence; Gap Inc.'s positioning going into the holiday season; expectations for our full year performance; expected year-end inventory levels; expected full year fiscal 2024 net sales; the expected impact of the loss of the 53rd week on full year fiscal 2024 net sales; expected fourth quarter fiscal 2024 net sales; the expected impacts of the loss of the 53rd week and the weekly calendar shift on fourth quarter fiscal 2024 net sales; expected full year fiscal 2024 gross margin; the expected impacts of commodity costs and better inventory management on full year fiscal 2024 gross margin; expected full year fiscal 2024 ROD; expected fourth quarter fiscal 2024 gross margin; the expected impact of the loss of the 53rd week on fourth quarter fiscal 2024 gross margin; expected full year fiscal 2024 SG&A/operating expense; continuing cost discipline and unlocking more efficiencies in the business; expected full year fiscal 2024 operating income; expected full year fiscal 2024 effective tax rate; expected full year fiscal 2024 capital expenditures; generating sustainable, profitable growth and delivering long-term shareholder value; and our dividend policy. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following risks, any of which could have an adverse effect on our business, financial condition, results of operations, or reputation: the overall global economic and geopolitical environment, including the ongoing Russia - Ukraine and Israel-Hamas conflicts and recent elections in the United States , and impacts on consumer spending patterns; social and political unrest in our sourcing countries, including Bangladesh , and disruptions to global trade and shipping capacity, including in the Red Sea; the risk that we or our franchisees may be unsuccessful in gauging apparel trends and changing consumer preferences or responding with sufficient lead time; the highly competitive nature of our business in the United States and internationally; the risk that we may be unable to manage our inventory effectively and the resulting impact on our gross margins and sales; the risk that our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate; the risk that we fail to maintain, enhance, and protect our brand image and reputation; the risk of loss or theft of assets, including inventory shortage; the risk that we fail to manage key executive succession and retention or continue to attract qualified personnel; reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards; the risk that changes in our business strategy or restructuring our operations may not generate the intended benefits or projected cost savings; the risk that trade matters could increase the cost or reduce the supply of apparel available to us; the risks to our business, including our costs and global supply chain, associated with global sourcing and manufacturing; the risks to our reputation or operations associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct; the risk that we or our franchisees may be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying, or terminating leases for existing store locations effectively; engaging in or seeking to engage in strategic transactions that are subject to various risks and uncertainties; the risk that our efforts to expand internationally may not be successful; the risk that our franchisees and licensees could impair the value of our brands; the risk of data or other security breaches or vulnerabilities that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures; the risk that failures of, or updates or changes to, our IT systems may disrupt our operations; the risk that our comparable sales and margins may experience fluctuations, that we may fail to meet financial market expectations, or that the seasonality of our business may experience fluctuations; the risk of foreign currency exchange rate fluctuations; the risk that our level of indebtedness may impact our ability to operate and expand our business; the risk that we and our subsidiaries may be unable to meet our obligations under our indebtedness agreements; the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets; natural disasters, public health crises (such as pandemics and epidemics), political crises (such as the ongoing Russia - Ukraine and Israel-Hamas conflicts), negative global climate patterns, or other catastrophic events; evolving regulations and expectations with respect to ESG matters, including climate reporting; the adverse effects of climate change on our operations and those of our franchisees, vendors, and other business partners; our failure to comply with applicable laws and regulations and changes in the regulatory or administrative landscape; the risk that we will not be successful in defending various proceedings, lawsuits, disputes, and claims; the risk that our estimates and assumptions used when preparing our financial information are inaccurate or may change; the risk that changes in the geographic mix and level of income or losses, the expected or actual outcome of audits, changes in deferred tax valuation allowances, and new legislation could impact our effective tax rate, or that we may be required to pay amounts in excess of established tax liabilities; the risk that changes in our business structure, our performance or our industry could result in reductions in our pre-tax income or utilization of existing tax carryforwards in future periods, and require additional deferred tax valuation allowances; the risk that the adoption of new accounting pronouncements will impact future results; and the risk that additional information may arise during our close process or as a result of subsequent events that would require us to make adjustments to our financial information. Additional information regarding factors that could cause results to differ can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 19, 2024 , as well as our subsequent filings with the Securities and Exchange Commission. These forward-looking statements are based on information as of November 21, 2024 . We assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. About Gap Inc. Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy , Gap , Banana Republic , and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2023 net sales were $14.9 billion . For more information, please visit www.gapinc.com . Investor Relations Contact: Nina Bari Investor_relations@gap.com Media Relations Contact: Megan Foote Press@gap.com The Gap, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED ($ in millions) November 2, 2024 October 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,969 $ 1,351 Short-term investments 250 — Merchandise inventory 2,331 2,377 Other current assets 580 646 Total current assets 5,130 4,374 Property and equipment, net of accumulated depreciation 2,546 2,552 Operating lease assets 3,217 3,200 Other long-term assets 960 926 Total assets $ 11,853 $ 11,052 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,523 $ 1,433 Accrued expenses and other current liabilities 1,135 1,078 Current portion of operating lease liabilities 617 604 Income taxes payable 50 24 Total current liabilities 3,325 3,139 Long-term liabilities: Long-term debt 1,489 1,488 Long-term operating lease liabilities 3,360 3,456 Other long-term liabilities 544 509 Total long-term liabilities 5,393 5,453 Total stockholders' equity 3,135 2,460 Total liabilities and stockholders' equity $ 11,853 $ 11,052 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED 13 Weeks Ended 39 Weeks Ended ($ and shares in millions except per share amounts) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $ 3,829 $ 3,767 $ 10,937 $ 10,591 Cost of goods sold and occupancy expenses 2,194 2,211 6,322 6,488 Gross profit 1,635 1,556 4,615 4,103 Operating expenses 1,280 1,306 3,762 3,757 Operating income 355 250 853 346 Interest, net (6) — (12) 8 Income before income taxes 361 250 865 338 Income tax expense 87 32 227 21 Net income $ 274 $ 218 $ 638 $ 317 Weighted-average number of shares - basic 377 371 376 369 Weighted-average number of shares - diluted 383 375 383 373 Earnings per share - basic $ 0.73 $ 0.59 $ 1.70 $ 0.86 Earnings per share - diluted $ 0.72 $ 0.58 $ 1.67 $ 0.85 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED 39 Weeks Ended ($ in millions) November 2, 2024 (a) October 28, 2023 (a) Cash flows from operating activities: Net income $ 638 $ 317 Depreciation and amortization 371 394 Gain on sale of building — (47) Change in merchandise inventory (344) (5) Change in accounts payable 156 133 Other, net
Throughout the history of football, Manchester United has always been considered one of the most prestigious and successful clubs in the world. However, recent actions by the management under the leadership of manager Ole Gunnar Solskjaer have raised eyebrows and drawn criticism from fans and pundits alike. The decision to lay off ordinary staff while retaining underperforming players, such as Phil Jones and Jesse Lingard, has been labeled as absurd and unjustifiable by many.Despite their individual brilliance, Messi and Ronaldo have failed to make the cut for the FIFPRO Best 11 lineup this year, highlighting the fierce competition and depth of talent in the world of football. While their omission may come as a surprise to many fans, it serves as a reminder that the game is constantly evolving, with new stars emerging to challenge the established elite.
Kimco Realty Corp. stock outperforms competitors despite losses on the dayGet ready to uncover the secrets, solve the mysteries, and experience the thrill of the chase in "The Chronicles of Crime." The adventure begins now.
- Previous: Next: slot online free
-
You will bear all civil or criminal legal responsibilities directly or indirectly caused by your actions and speech.
Message board administrators have the right to retain or delete any content in the messages under their jurisdiction.
This site reminds: Do not make personal attacks. Thank you for your cooperation.
