The holidays are upon us and it is a good time to pause and reflect on the truly important things in life. See my short message below on Thanksgiving 2023…
Happy Thanksgiving 2023!
Posts
What I’m Listening To: Audio Unleashed
Some of you may know that I health walk most mornings. I am always listening to something during these walks, which average 2-3 miles a day. Often, I’m listening to music. (Did you know that I was formerly a professional musician?) But I also listen to several different podcasts, and today I want to share with you one that I enjoy and I think you will too. That podcast is Audio Unleashed.
See why I like Audio Unleashed…
[Read more…] about What I’m Listening To: Audio UnleashedOctober Housing Starts Show a Surprise Upturn in Construction; But Builder Confidence Declines
Is this the beginning of a new trend? After a notable jump in September, which some suggested may have been a bit of a fluke, residential construction – known as housing starts – actually surprised some industry analysts by jumping again in October. And while the amount of increase was more modest, that there was another month of increase may indicate the beginning of a new trend. Yet other data calls into question just where residential construction is heading. Read on to see that data…
See more on housing starts in October & declining homebuilder confidence
[Read more…] about October Housing Starts Show a Surprise Upturn in Construction; But Builder Confidence DeclinesDraper Campus Expands with New 100,000 Sq. Ft. Facility
Draper, Inc. announced this week that it has added a new 100,000 sq. ft. building to its campus in Spiceland, Indiana. This is its tenth building and this addition brings the company’s total footprint in Spiceland to no less than 500,000 sq. ft.
Learn more about this expansion by Draper
[Read more…] about Draper Campus Expands with New 100,000 Sq. Ft. FacilitySonos Q4 & Full Year 2023 Results Show Post-COVID Drop in Demand
Fiscal 2023 Total Sales Drop 6%…Installer Sales Decline 7%
After the close of markets on Wednesday, Sonos released its Fiscal 2023 fourth quarter (Q4) and full-year results. As one of the industry’s top consumer brands, Sonos’ latest quarterly and full-year earnings put the post-COVID strain in full display as the company was hit with both sales and profit declines even though it took aggressive steps to adjust to an adverse consumer market.
The company says loyal customers are its greatest buffer against macroeconomic headwinds, but those headwinds were particularly daunting in 2023.
See more on the Sonos Fiscal 2023 Q4 and Full Year results
[Read more…] about Sonos Q4 & Full Year 2023 Results Show Post-COVID Drop in DemandSnap One Fiscal ’23 Q3 Shows Recurring Story of Sales Decline & Losses Improve
Company Still Pitches ‘Destocking’ & ‘Descoping’
Last week, Snap One Holdings Corporation (Nasdaq: SNPO) reported its Fiscal 2023 third-quarter results, and it seemed to me like we’ve seen this movie before. In a nutshell, the company’s net sales declined and its net losses decreased. These are virtually the same trends we saw last quarter (Q2) and even the quarter before that. In fact, the company first talked about elements of these trends in the fourth quarter of 2022.
Learn more about the Snap One fiscal ’23 Q3 results
[Read more…] about Snap One Fiscal ’23 Q3 Shows Recurring Story of Sales Decline & Losses ImproveMasimo Says Fiscal ’23 Q3 Results Hit By Tough Post-COVID Trends & Slack Consumer Demand
Double-Digit Percentage Declines in Revenues & Profits
Without a doubt, Fiscal 2023 has been a challenging year for Masimo in many ways. And this week, as the company reported its results for the third quarter (Q3) that ended on September 30, 2023, that reality couldn’t be any clearer. With revenues down 13% and net income down more than 72%, about all the company could say is – wait until next year…it is going to be great.
Learn more about the Masimo fiscal ’23 Q3 earnings report
[Read more…] about Masimo Says Fiscal ’23 Q3 Results Hit By Tough Post-COVID Trends & Slack Consumer DemandEmerald Reports Fiscal ’23 Q3 Revenues are Up $10M; Profits are Down $82.3M
Content Biz Declines; Company Announces Restructuring of Content Unit
Noting solid gains in their trade show segment, Emerald Holding, Inc. (NYSE: EEX) management proclaimed satisfaction with their fiscal 2023 third-quarter results. However, while the tradeshow business – the segment containing its CEDIA Expo show – saw a post-COVID increase in attendance and revenues, all was not rosy, as the company reported a dramatic drop in profits. Not only that but continued trouble in its content business – the segment with its CE Pro and Commercial Integrator (and other media brands) properties – saw revenues decline and even forced the company to revise its overall annual financial guidance downward.
See more on CEDIA Expo- and CEPro-owner Emerald Holding’s results
[Read more…] about Emerald Reports Fiscal ’23 Q3 Revenues are Up $10M; Profits are Down $82.3MFeds Indict Former Noel Lee Associate Fred Khalilian in Murder-for-Hire Plot
The Former Monster Products Executive Continues to be Held on Witness Tampering
A former associate of Head Monster Noel Lee (and Paris Hilton) remains in jail in Los Angeles after a judge dismissed a murder-for-hire case against him over technical questions of venue. Prosecutors accused Fereidoun “Prince Fred” or “Fred” Khalilian of paying his bodyguard to kill a documentary filmmaker who was ostensibly working on a movie exposing Khalilian’s alleged life of fraud.
See more on Khalilian’s colorful life
[Read more…] about Feds Indict Former Noel Lee Associate Fred Khalilian in Murder-for-Hire PlotGregg Chopper Joins Audio Advice as Chief Operating Officer
Audio Advice, a leading retailer and e-commerce provider of high-performance home theater and smart home systems, announced on Tuesday that it has appointed Gregg Chopper as its new Chief Operating Officer. With extensive experience in high-end audio as well as North American and International operations and logistics, the company says that Chopper is the perfect addition to its management team as the company continues its rapid expansion.
