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Older Americans exploited to the tune of billions of dollars, federal agencies warnSave articles for later Add articles to your saved list and come back to them any time. Parnell Palme McGuinness explores the concept of the decline in “woke” (“ 2024 is the year that woke broke ”, December 22). Why do I find this disturbing? Woke seems to have been a pejorative term for having a social conscience. Detractors of woke attract all sorts of over-the-top caveats to it. Donald Trump finally gave people permission to be openly uncaring of various groups of people. With the alleged abandonment of woke, will we all be more openly hostile to these people? Is this behind the rise of antisemitism? Which group will we hate next? Stay tuned. Jan Marshall, Collaroy Having been a strident critic of all things “woke-ish” across the past decade, McGuinness cannot contain her joy and enthusiasm at her self-nominated demise of woke. According to McGuinness, the game is over for those who have supported social justice issues for minority, diverse or disadvantaged people. You have lost the contest and with it goes the hopes and dreams of those disadvantaged minorities in our community. What a Pyrrhic victory, as our society is much the poorer for our minority groups once again being cast adrift. I find the gloating quite distasteful. Warren Marks, Richmond (Tas) Independent climate action I don’t understand what US climate change policy under Trump would have to do with our own emissions reduction time frame or targets (“ Emissions target hit by Trump concerns ”, December 22). If Trump follows through with his threats to reduce climate action, then wouldn’t that mean other countries should step up their efforts to compensate for an irresponsible US on climate action? In the face of hundreds of climate scientists saying we should drastically cut the burning of fossil fuels, Trump wants to ramp up this burning. Let’s ignore him and every other country, and just get on with their own efforts to reduce pollution. Dennis O’Hara, Wanniassa (ACT) President-elect Donald Trump has threatened to reduce climate action. Credit: Bloomberg Using Donald Trump as an excuse for delaying Australia’s 2035 emissions target until after the election is convenient nonsense. An emissions target is just that, a target, and it is based upon what a country needs to do to reach net zero by 2050. It is also based on science. While Trump may make the target harder to achieve, the target itself should be independent. The best that can be said is “late is better than never”, unlike the Coalition, who would scrap the interim targets altogether. Ray Peck, Hawthorn (Vic) Prime Minister Anthony Albanese and Energy Minister Chris Bowen should be able to make up their own minds. I really don’t understand why Australia can’t do its bit for the climate and environment without waiting for the Climate Change Authority or America. They should be leaders, not followers. Jenny Greenwood, Hunters Hill Time’s up for zoos I believe zoos have no place in modern society (“Residents fear zoo gondolas too much to bear” , December 22). The old line that “it helps subsidise the cost of preserving species” is spurious. There are better ways to do this without keeping these beautiful creatures in small enclosures to be gawked at by tourists. I used to go to the zoo, and even took my kids to the zoo. But as human beings we are forever evolving and should be questioning and reflecting on things and behaviours that we once thought were acceptable but don’t pass the pub test now. Turn Taronga Zoo into a park, and forget about the cable car. Lisa Del Vecchio, South Coogee No excuse for murder I detect a whiff of empathy from a correspondent ( Sun Herald letters , December 22) for alleged murderer Luigi Mangione, plus well-placed anger at health insurance companies, which reject 32 per cent of claims. The letter writer’s claims that Mangione “was not aiming at the grab-bag of issues Trump latched onto” is, unfortunately, dead accurate. Rather, Mangione allegedly aimed straight at the back of a health insurance company’s CEO, who’d previously had a name, Brian Thompson, a personality, a family, and a life. Rosemary O’Brien, Ashfield Good education needn’t break the bank St Clare’s College, a Catholic systemic school, and a number of comprehensive public schools have academically outperformed many expensive private schools (“ Low-fee Sydney schools that beat their expensive HSC rivals ”, December 22). The schools did it without a library resembling a Scottish baronial castle, $170 million worth of building upgrades, or a heated gymnasium and 50-metre indoor swimming pool. A quality education can be achieved without exorbitant excesses. John Cotterill, Kingsford Degree of civility No need to introduce new rules to contain the practice of “lecture bashing”, where students at the University of Sydney, with lecturer permission, have been granted five minutes to make political statements to a captive audience (“ The radical proposal that could end Sydney Uni’s proud history of rebellion”, December 22). Lecturers could allow the same five minutes at the conclusion of the lecture in which students can make their own decision regarding participation, by voting with their feet. Freedom of speech maintained – as well as freedom of choice. Trevor Wootten, Petersham
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Ross Barkley’s 85th-minute winner gave them victory after they had twice squandered the lead in Germany. John McGinn and Jhon Duran goals at the start of each half were cancelled out by Lois Openda and Christoph Baumgartner. But Barkley had the final say less than two minutes after coming off the bench as his deflected effort earned the points which sent his side third in the new Champions League league phase. The top eight automatically qualify for the next stage and with games against Monaco and Celtic to come, Unai Emery’s men are a good bet to avoid the need for a play-off round in their first foray in this competition. Leipzig are out, having lost all six of their games. Villa enjoyed a dream start and were ahead with less than three minutes on the clock. Matty Cash, playing in a more advanced position on the right, crossed for Ollie Watkins, who nodded down into the path of McGinn and the skipper made no mistake from close range. That gave the visitors confidence and they had enough chances in the first 15 minutes to have the game wrapped up. Lucas Digne’s cross from the left was begging to be converted but Watkins could not make contact from close range and then Morgan Rogers shot straight at Leipzig goalkeeper Peter Gulacsi. Then Youri Tielemans found himself with time and space on the edge of the area from Watkins’ tee-up but the Belgium international disappointingly dragged wide. All that good work was undone in the 27th minute, though, as Emiliano Martinez was left red-faced. The Argentinian was too casual waiting to collect Nicolas Seiwald’s long ball and Openda nipped in to get the ball first and tap into an empty net. pic.twitter.com/LGoAMrLkQy — Aston Villa (@AVFCOfficial) December 10, 2024 Duran was introduced at the break and needed just a couple of minutes to fire a warning when he drilled wide after a loose ball fell to him 14 yards out. But the Colombian got his goal in the 52nd minute, though it was another moment for the goalkeeper to forget. Duran was invited to drive forward and unleashed a 25-yard shot, which was hardly an Exocet, but still was too much for Gulacsi, who barely even jumped. It was his 10th goal of the season and sixth from the bench as he continues his super-sub role. 😍 pic.twitter.com/ZHeVFiYUW9 — Aston Villa (@AVFCOfficial) December 10, 2024 The striker was not complaining and he thought he had doubled his tally shortly after when he converted Cash’s centre but the provider was ruled offside by VAR. Five minutes later, Villa found themselves pegged back again with a finish of real quality. Openda was sent clear by another long ball and his cross was perfect for Baumgartner to cushion a far-post volley back across goal and into the corner. Digne brought a save out of Gulacsi and then Openda shot straight at Martinez as both sides pushed for a winner. It was Villa who got it as Barkley saw his deflected effort wrong-foot Gulacsi and hit the back of the net.
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Confident Bucs gear up for stretch run against lighter season-ending scheduleKenny Dichter’s REAL SLX Is Getting Phygital With FanDuel, BetMGM'Emerging' B.C. family cooks up something special in the frozen meals businessLIMASSOL, Republic of Cyprus, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Eurasia Resource Value S.E. (“ERV”) today announced that it has acquired 1,052,632 common shares (“Common Shares”) of Condor Energies Inc. (“Condor”) (TSX: CDR) as part of a larger offering by Condor of Common Shares under the Listed Issuer Financing Exemption and other exemptions under National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators (“NI 45-106”), under which an aggregate of 10,198,582 Common Shares were issued (the “Offering”). ERV subscribed as an “accredited investor” under NI 45-106 and the aggregate consideration paid by ERV was CAD$2,000,000.80 or CAD$1.90 per share. Prior to the Offering, ERV held 13,399,905 Common Shares, or approximately 23.40% of the total issued and outstanding Common Shares. Following the Offering, ERV holds 14,452,537 Common Shares, or approximately 21.42% of the total issued and outstanding Common Shares. As Condor’s largest shareholder before and after the Offering, ERV participated in the Offering for investment purposes as it believes the proceeds will position Condor to execute on its current business plan and strategy. An early warning report pursuant to National Instrument 62-103 The Early Warning System and Related Take-over Bid and Insider Reporting Issues will be filed on the Company’s SEDAR+ profile at www.sedarplus.ca. A copy of the report may be obtained by contacting Norman Storm at ERV using the following contact information: EurAsia Resource Value S.E. (“ERV”) Griva Digeni 78, 1 st Floor, Office A1 3101 Limassol Republic of Cyprus norman1700@gmail.com The Common Shares of Condor are traded on the Toronto Stock Exchange. Condor’s head office address is: Condor Energies Inc. Suite 1810, 500 4 th Avenue SW Calgary, AB, T2P 2V6
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A Missoula City Council committee on Wednesday voted unanimously to approve a request from the Missoula Police Department to pay about $515,000 over the course of five years for 120 new Tasers and a bundle of add-on services, including an artificial intelligence software program that writes up to 80% of police reports. Missoula Police Chief Mike Colyer made the request to the city council's Public Safety, Health and Operations Committee. Colyer said the MPD has had a Taser program since 2001, when he was one of the initial instructors. Colyer gave two examples of how Tasers were used to avoid a potential use of firearms. A representative for Axon Enterprise Inc. demonstrates the company's TASER 7 on May 12, 2022, in Washington. In the first example, he recounted how he and another officer were once chasing a suspect on a stolen bike. "By the time we caught up to him, he had wiped out and he was getting a knife out of his coat," Colyer recounted. "We hollered at him to drop the knife." The suspect refused the orders, Colyer said. "We hit him with the Taser," Colyer said, noting that the man was immobilized by the electric jolt and subsequently detained without harm to anyone. "Often times I've wondered how that might have ended if we didn't have the Taser," Colyer told the city council members. "Our only other option was lethal force." In another case, Colyer said a student at a local school had charged a teacher with a pair of scissors. A school resource officer responded, and when he got there, the young man was holding a chair over his head. Colyer said the officer simply pointed the red laser dot at the student, which in police jargon is called "painting." "The young man looked down, saw the light on his chest, and put the chair down and it was over," Colyer said. "These are not just theories. There are dozens of examples of the value of the program." Colyer said the department has been offered to renew a contract with Axon Technologies for the Taser program. The five-year contract would cost about $103,000 per year. As part of the contract, the department would get 120 new T10 Taser devices. Colyer said they have double the range of the older models. Also, they work with a single probe instead of two probes. "The old models have to have two probes make connection, so if you miss one or you have a clothing disconnect, it's kind of useless," Colyer explained. "In the new one, you have two probes you can fire individually and the distance is twice as far. Time and distance are always our friend, and this new model provides that." Colyer said Axon Technologies has a "moonshot goal" of reducing officer-involved shootings in the U.S. by 50%. "They view the new T10 as a big part of that because of its advanced technology," he said. The contract will also give the officers an unlimited supply of training and duty cartridges. Because about 118 officers will have to train twice a year and deploy at least two in each training session, Colyer said that's a savings of about $35,000. The department will also be able to sell its older models to a company that repurposes them and sells them to private security firms. The department will also get access to four more virtual reality, three-dimensional training headsets. "That will allow us to do more reps for people," he said. The headsets will also be used for the Department's Citizen Academy, where members of the public can see what it's like to engage in a "use of force scenario." The contract from Axon also comes with software called Draft One. It's an AI (artificial intelligence) software that provides 80% of the initial report for an officer to work from. Colyer said that the software gathers data from body cameras and car cameras to write up the first part of a police report from an incident, thus saving staff time. "It creates basically the first draft of a report," Colyer said. "They estimate about 80% of the content is created for the officer. And then throughout the report it cues the officer to provide detail where needed." Colyer said the department is "testing and evaluating" the software right now. "I'm pretty cautious about AI and how that might look, but we will consider it," Colyer said. An article from MSNBC from late November about Draft One quoted several experts as being extremely skeptical about the software. It also quoted Axon's CEO as saying the software has built-in "safeguards" to prevent mistakes. Another tool offered by Axon is Fusus Real-Time Crime Software, which would allow the department to engage with private camera owners, such as banks, schools or private homeowners or renters. "Frankly we don't have the infrastructure to run that right now, or personnel or equipment, so it's not something that I'm considering right now," Colyer said. Colyer said it's cheaper for the department to take the bundle with all the add-ons from Axon rather than just buy the 120 new Tasers. The department will not have to pay the final year of its existing contract with Axon, which will save $70,000. City council member Stacie Anderson was supportive of the contract. "I know training is a huge component of what the police force does, and the more training you have and advantages you have the safer we all are," she said. "Both officers and the public. So definitely want to be mindful of this opportunity to provide more training." David Erickson is the business reporter for the Missoulian. Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter. Business Reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.
ATLANTA, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. OXM today announced financial results for its third quarter of fiscal 2024 ended November 2, 2024. Consolidated net sales in the third quarter of fiscal 2024 were $308 million compared to $327 million in the third quarter of fiscal 2023. Loss per share on a GAAP basis was $0.25 compared to net earnings per share of $0.68 in the third quarter of fiscal 2023. On an adjusted basis, loss per share was $0.11 compared to net earnings per share of $1.01 in the third quarter of fiscal 2023. Tom Chubb, Chairman and CEO, commented, "Following a difficult third quarter, we are pleased with the beginning of the holiday season now that some recent headwinds have started to abate. The cumulative effects of several years of high inflation combined with distractions from the U.S. elections and other world events, led to less frequent and more tentative consumer spending behavior during the third quarter which is traditionally our smallest volume quarter of the year. Additionally, our most significant and important market, the Southeastern United States, was impacted by two major hurricanes in quick succession that resulted in estimated lost sales of $4 million and an estimated impact of $0.14 per share. When combined with a highly competitive and promotional environment, these headwinds led to financial performance that was weaker than expected." Mr. Chubb concluded, "Encouragingly, consumers have responded favorably to our recent product introductions and marketing campaigns, driving a nice improvement in comp store trends once the holiday season got underway. However, due to the weaker than expected consumer environment before the election and the fourth quarter impact of the hurricanes, which we project will include an additional $3 million of lost revenue and $0.11 per share, we have lowered our fiscal 2024 sales and EPS guidance. We are confident that our business model will drive profitable growth and long-term shareholder value well into the future. We could not do this without our exceptional team of people, to whom we extend our sincere gratitude." Third Quarter of Fiscal 2024 versus Fiscal 2023 Net Sales by Operating Group Third Quarter ($ in millions) 2024 2023 % Change Tommy Bahama $161.3 $170.1 (5.2%) Lilly Pulitzer 69.8 76.3 (8.5%) Johnny Was 46.1 49.1 (6.1%) Emerging Brands 30.9 31.2 (1.0%) Other (0.1) (0.1) NM Total Company $ 308.0 $ 326.6 (5.7%) Consolidated net sales of $308 million decreased compared to sales of $327 million in the third quarter of fiscal 2023. Full-price direct-to-consumer (DTC) sales decreased 8% to $200 million versus the third quarter of fiscal 2023. Full-price retail sales of $99 million were 6% lower than prior-year period. E-commerce sales of $101 million were 11% lower than prior-year period. Outlet sales of $17 million were 3% higher than prior-year period. Food and beverage sales were $24 million, a 4% increase versus prior-year period. Wholesale sales of $67 million were 2% lower than the third quarter of fiscal 2023. Gross margin was 63.1% on a GAAP basis, compared to 62.9% in the third quarter of fiscal 2023. The increase in gross margin was primarily due to a $4 million lower LIFO accounting charge and lower discounts at Lilly Pulitzer. This was partially offset due to full-price retail and e-commerce sales representing a lower proportion of net sales at Tommy Bahama, Lilly Pulitzer and Johnny Was with more sales occurring during promotional and clearance events. Adjusted gross margin, which excludes the effect of LIFO accounting, decreased to 63.0% compared to 64.0% on an adjusted basis in the prior-year period. SG&A was $205 million compared to $195 million last year. On an adjusted basis, SG&A was $201 million compared to $191 million in the prior-year period. The increase in SG&A was primarily driven by: Expenses related to 33 new store openings since the third quarter of fiscal 2023, including four Tommy Bahama Marlin Bars. Pre-opening expenses related to approximately five additional stores planned to open in the fourth quarter of fiscal 2024, including two additional Tommy Bahama Marlin Bars that are expected to open in the next few months. The addition of Jack Rogers. Royalties and other operating income of $4 million were comparable to the third quarter of fiscal 2023. Operating loss was $6 million, or (2.0%) of net sales, compared to operating income of $14 million, or 4.4% of net sales, in the third quarter of fiscal 2023. On an adjusted basis, operating income decreased to an operating loss of $3 million, or (1.1%) of net sales, compared to operating income of $21 million, or 6.6% of net sales, in the third quarter of fiscal 2023. The decreased operating income includes the impact of decreased net sales and increased SG&A as the Company continues to invest in the business. Interest expense decreased from $1 million in the prior year period. The decreased interest expense was primarily due to a lower average outstanding debt balance during the third quarter of fiscal 2024 than the third quarter of fiscal 2023. Due to lower earnings during the third quarter as compared to our other fiscal quarters, certain discrete or other items have a more pronounced impact on the effective tax rate. Our effective income tax rate of 42.5% for the third quarter of fiscal 2024 included the impact of discrete, favorable US federal return-to-provision adjustments primarily related to an increase in the research and development tax credit and certain adjustments to the US taxation on foreign earnings. For the third quarter of fiscal 2023, our effective income tax rate of 18.6% included the favorable utilization of the research and development tax credit and adjustments to the US taxation on foreign earnings which reduced the effective tax rate. Balance Sheet and Liquidity Inventory decreased $3 million, or 2%, on a LIFO basis and increased $2 million, or 1%, on a FIFO basis compared to the end of the third quarter of fiscal 2023. Inventory balances were comparable in all operating groups. During the first nine months of fiscal 2024, cash flow from operations was $104 million compared to $169 million in the first nine months of fiscal 2023. The cash flow from operations in the first nine months of fiscal 2024, along with borrowings of $29 million, provided sufficient cash to fund $92 million of capital expenditures and $33 million of dividends. During the third quarter of fiscal 2024, long-term debt decreased to $58 million compared to $66 million of borrowings outstanding at the end of the third quarter of fiscal 2023 as cash flow from operations exceeded increased capital expenditures primarily associated with the project to build a new distribution center in Lyons, Georgia, payments of dividends and working capital requirements. The Company had $7 million of cash and cash equivalents versus $8 million of cash and cash equivalents at the end of the third quarter of fiscal 2023. Dividend The Board of Directors declared a quarterly cash dividend of $0.67 per share. The dividend is payable on January 31, 2025 to shareholders of record as of the close of business on January 17, 2025. The Company has paid dividends every quarter since it became publicly owned in 1960. Outlook For fiscal 2024 ending on February 1, 2025, the Company revised its sales and EPS guidance. The Company now expects net sales in a range of $1.50 billion to $1.52 billion as compared to net sales of $1.57 billion in fiscal 2023. In fiscal 2024, GAAP EPS is expected to be between $5.78 and $5.98 compared to fiscal 2023 GAAP EPS of $3.82. Adjusted EPS is expected to be between $6.50 and $6.70, compared to fiscal 2023 adjusted EPS of $10.15. For the fourth quarter of fiscal 2024, the Company expects net sales to be between $375 million and $395 million compared to net sales of $404 million in the fourth quarter of fiscal 2023. GAAP EPS is expected to be between $1.02 and $1.22 in the fourth quarter compared to a GAAP loss per share of $3.85 in the fourth quarter of fiscal 2023 that included noncash impairment charges totaling $114 million, or $5.31 per share. Adjusted EPS is expected to be between $1.18 and $1.38 compared to adjusted EPS of $1.90 in the fourth quarter of fiscal 2023. The Company anticipates interest expense of $3 million in fiscal 2024, with interest expense expected to be $1 million in the fourth quarter of fiscal 2024. The Company's effective tax rate is expected to be approximately 23% for the full year of fiscal 2024. Capital expenditures in fiscal 2024, including the $92 million in the first nine months of fiscal 2024, are expected to be approximately $150 million compared to $74 million in fiscal 2023. The planned year-over-year increase in capital expenditures includes approximately $75 million now budgeted in fiscal 2024 for the distribution center project in Lyons, Georgia. Additionally, we have been investing in new brick and mortar locations, relocations and remodels of existing locations resulting in a year-over-year net increase of full price stores of approximately 30 by the end of fiscal 2024, which includes approximately five planned to open in the fourth quarter of the year. We will also continue with our investments in our various technology systems initiatives, including e-commerce and omnichannel capabilities, data management and analytics, customer data and insights, cybersecurity, automation, including artificial intelligence, and infrastructure. Conference Call The Company will hold a conference call with senior management to discuss its financial results at 4:30 p.m. ET today. A live web cast of the conference call will be available on the Company's website at www.oxfordinc.com . A replay of the call will be available through December 25, 2024 by dialing (412) 317-6671 access code 13750235. About Oxford Oxford Industries, Inc., a leader in the apparel industry, owns and markets the distinctive Tommy Bahama ® , Lilly Pulitzer ® , Johnny Was®, Southern Tide ® , The Beaufort Bonnet Company ® , Duck Head ® and Jack Rogers ® lifestyle brands. Oxford's stock has traded on the New York Stock Exchange since 1964 under the symbol OXM. For more information, please visit Oxford's website at www.oxfordinc.com . Basis of Presentation All per share information is presented on a diluted basis. Non-GAAP Financial Information The Company reports its consolidated financial statements in accordance with generally accepted accounting principles (GAAP). To supplement these consolidated financial results, management believes that a presentation and discussion of certain financial measures on an adjusted basis, which exclude certain non-operating or discrete gains, charges or other items, may provide a more meaningful basis on which investors may compare the Company's ongoing results of operations between periods. These measures include adjusted earnings, adjusted earnings per share, adjusted gross profit, adjusted gross margin, adjusted SG&A, and adjusted operating income, among others. Management uses these non-GAAP financial measures in making financial, operational, and planning decisions to evaluate the Company's ongoing performance. Management also uses these adjusted financial measures to discuss its business with investment and other financial institutions, its board of directors and others. Reconciliations of these adjusted measures to the most directly comparable financial measures calculated in accordance with GAAP are presented in tables included at the end of this release. Safe Harbor This press release includes statements that constitute forward-looking statements within the meaning of the federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. We intend for all forward-looking statements contained herein, in our press releases or on our website, and all subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf, to be covered by the safe harbor provisions for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Such statements are subject to a number of risks, uncertainties and assumptions including, without limitation, demand for our products, which may be impacted by macroeconomic factors that may impact consumer discretionary spending and pricing levels for apparel and related products, many of which may be impacted by inflationary pressures, elevated interest rates, concerns about the stability of the banking industry or general economic uncertainty, and the effectiveness of measures to mitigate the impact of these factors; possible changes in governmental monetary and fiscal policies, including, but not limited to, Federal Reserve policies in connection with continued inflationary pressures and the impact of the recent elections in the United States; competitive conditions and/or evolving consumer shopping patterns, particularly in a highly promotional retail environment; acquisition activities (such as the acquisition of Johnny Was), including our ability to integrate key functions, recognize anticipated synergies and minimize related disruptions or distractions to our business as a result of these activities; supply chain disruptions; changes in trade policies and regulations, including the potential for increases or changes in duties, current and potentially new tariffs or quotas; costs and availability of labor and freight deliveries, including our ability to appropriately staff our retail stores and food & beverage locations; costs of products as well as the raw materials used in those products, as well as our ability to pass along price increases to consumers; energy costs; our ability to respond to rapidly changing consumer expectations; unseasonal or extreme weather conditions or natural disasters, such as the September and October 2024 hurricanes impacting the Southeastern United States; lack of or insufficient insurance coverage; the ability of business partners, including suppliers, vendors, wholesale customers, licensees, logistics providers and landlords, to meet their obligations to us and/or continue our business relationship to the same degree as they have historically; retention of and disciplined execution by key management and other critical personnel; cybersecurity breaches and ransomware attacks, as well as our and our third party vendors' ability to properly collect, use, manage and secure business, consumer and employee data and maintain continuity of our information technology systems; the effectiveness of our advertising initiatives in defining, launching and communicating brand-relevant customer experiences; the level of our indebtedness, including the risks associated with heightened interest rates on the debt and the potential impact on our ability to operate and expand our business; the timing of shipments requested by our wholesale customers; fluctuations and volatility in global financial and/or real estate markets; our ability to identify and secure suitable locations for new retail store and food & beverage openings; the timing and cost of retail store and food & beverage location openings and remodels, technology implementations and other capital expenditures; the timing, cost and successful implementation of changes to our distribution network; the effectiveness of recent, focused efforts to reassess and realign our operating costs in light of revenue trends, including potential disruptions to our operations as a result of these efforts; pandemics or other public health crises; expected outcomes of pending or potential litigation and regulatory actions; the increased consumer, employee and regulatory focus on sustainability issues and practices, including failures by our suppliers to adhere to our vendor code of conduct; the regulation or prohibition of goods sourced, or containing raw materials or components, from certain regions and our ability to evidence compliance; access to capital and/or credit markets; factors that could affect our consolidated effective tax rate; the risk of impairment to goodwill and other intangible assets such as the recent impairment charges incurred in our Johnny Was segment; and geopolitical risks, including ongoing challenges between the United States and China and those related to the ongoing war in Ukraine, the Israel-Hamas war and the conflict in the Red Sea region. Forward-looking statements reflect our expectations at the time such forward-looking statements are made, based on information available at such time, and are not guarantees of performance. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these expectations could prove inaccurate as such statements involve risks and uncertainties, many of which are beyond our ability to control or predict. Should one or more of these risks or uncertainties, or other risks or uncertainties not currently known to us or that we currently deem to be immaterial, materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Important factors relating to these risks and uncertainties include, but are not limited to, those described in Part I. Item 1A. Risk Factors contained in our Fiscal 2023 Form 10-K, and those described from time to time in our future reports filed with the SEC. We caution that one should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. We disclaim any intention, obligation or duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contact: Brian Smith E-mail: InvestorRelations@oxfordinc.com Oxford Industries, Inc. Consolidated Balance Sheets (in thousands, except par amounts) (unaudited) November 2, October 28, 2024 2023 ASSETS Current Assets Cash and cash equivalents $ 7,027 $ 7,879 Receivables, net 75,991 60,101 Inventories, net 154,263 157,524 Income tax receivable 19,377 19,454 Prepaid expenses and other current assets 50,445 46,421 Total Current Assets $ 307,103 $ 291,379 Property and equipment, net 244,987 188,686 Intangible assets, net 253,237 273,444 Goodwill 27,416 124,230 Operating lease assets 327,896 246,399 Other assets, net 46,725 34,864 Deferred income taxes 15,769 3,154 Total Assets $ 1,223,133 $ 1,162,156 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable $ 77,597 $ 68,565 Accrued compensation 17,502 20,219 Current portion of operating lease liabilities 66,270 65,224 Accrued expenses and other liabilities 55,218 58,504 Total Current Liabilities $ 216,587 $ 212,512 Long-term debt 57,816 66,219 Non-current portion of operating lease liabilities 310,391 226,238 Other non-current liabilities 26,171 20,675 Deferred income taxes — 9,399 Shareholders' Equity Common stock, $1.00 par value per share 15,701 15,625 Additional paid-in capital 186,590 174,730 Retained earnings 412,741 439,755 Accumulated other comprehensive loss (2,864 ) (2,997 ) Total Shareholders' Equity $ 612,168 $ 627,113 Total Liabilities and Shareholders' Equity $ 1,223,133 $ 1,162,156 Oxford Industries, Inc. Consolidated Statements of Operations (in thousands, except per share amounts) (unaudited) Third Quarter First Nine Months Fiscal 2024 Fiscal 2023 Fiscal 2024 Fiscal 2023 Net sales $ 308,025 $ 326,630 $ 1,126,095 $ 1,167,046 Cost of goods sold 113,511 121,211 408,209 417,769 Gross profit $ 194,514 $ 205,419 $ 717,886 $ 749,277 SG&A 204,721 194,822 634,675 603,202 Royalties and other operating income 3,967 3,863 15,510 16,360 Operating income (loss) $ (6,240 ) $ 14,460 $ 98,721 $ 162,435 Interest expense, net 610 1,217 1,573 4,856 Earnings (loss) before income taxes $ (6,850 ) $ 13,243 $ 97,148 $ 157,579 Income tax expense (benefit) (2,913 ) 2,461 22,070 36,806 Net earnings (loss) $ (3,937 ) $ 10,782 $ 75,078 $ 120,773 Net earnings (loss) per share: Basic $ (0.25 ) $ 0.69 $ 4.80 $ 7.75 Diluted $ (0.25 ) $ 0.68 $ 4.74 $ 7.57 Weighted average shares outstanding: Basic 15,697 15,587 15,652 15,589 Diluted 15,697 15,787 15,825 15,947 Dividends declared per share $ 0.67 $ 0.65 $ 2.01 $ 1.95 Oxford Industries, Inc. Consolidated Statements of Cash Flows (in thousands) (unaudited) First Nine Months Fiscal 2024 Fiscal 2023 Cash Flows From Operating Activities: Net earnings $ 75,078 $ 120,773 Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation 41,431 35,476 Amortization of intangible assets 8,865 11,003 Equity compensation expense 12,849 11,034 Gain on sale of property and equipment — (1,756 ) Amortization and write-off of deferred financing costs 289 465 Deferred income taxes 8,377 6,448 Changes in operating assets and liabilities, net of acquisitions and dispositions: Receivables, net (10,557 ) (11,651 ) Inventories, net 5,146 61,598 Income tax receivable 172 (14 ) Prepaid expenses and other current assets (7,420 ) (8,337 ) Current liabilities (22,655 ) (54,468 ) Other balance sheet changes (8,050 ) (1,173 ) Cash provided by operating activities $ 103,525 $ 169,398 Cash Flows From Investing Activities: Acquisitions, net of cash acquired (315 ) (3,320 ) Purchases of property and equipment (92,249 ) (54,496 ) Proceeds from the sale of property, plant and equipment — 2,125 Other investing activities (1,304 ) (33 ) Cash used in investing activities $ (93,868 ) $ (55,724 ) Cash Flows From Financing Activities: Repayment of revolving credit arrangements (264,567 ) (369,159 ) Proceeds from revolving credit arrangements 293,079 316,368 Deferred financing costs paid — (1,661 ) Repurchase of common stock — (20,045 ) Proceeds from issuance of common stock 1,445 1,509 Repurchase of equity awards for employee tax withholding liabilities (6,199 ) (9,941 ) Cash dividends paid (32,532 ) (31,487 ) Other financing activities (1,513 ) — Cash used in financing activities $ (10,287 ) $ (114,416 ) Net change in cash and cash equivalents (630 ) (742 ) Effect of foreign currency translation on cash and cash equivalents 53 (205 ) Cash and cash equivalents at the beginning of year 7,604 8,826 Cash and cash equivalents at the end of period $ 7,027 $ 7,879 Oxford Industries, Inc. Reconciliations of Certain Non-GAAP Financial Information (in millions, except per share amounts) (unaudited) Third Quarter First Nine Months AS REPORTED Fiscal 2024 Fiscal 2023 % Change Fiscal 2024 Fiscal 2023 % Change Tommy Bahama Net sales $ 161.3 $ 170.1 (5.2)% $ 632.0 $ 655.0 (3.5)% Gross profit $ 102.8 $ 111.2 (7.5)% $ 401.8 $ 424.7 (5.4)% Gross margin 63.8% 65.4% 63.6% 64.8% Operating income $ 0.4 $ 12.1 (96.3)% $ 84.0 $ 118.7 (29.2)% Operating margin 0.3% 7.1% 13.3% 18.1% Lilly Pulitzer Net sales $ 69.8 $ 76.3 (8.5)% $ 249.9 $ 265.1 (5.7)% Gross profit $ 43.7 $ 47.1 (7.2)% $ 165.1 $ 178.5 (7.5)% Gross margin 62.6% 61.7% 66.1% 67.3% Operating income $ 4.0 $ 6.8 (40.9)% $ 36.5 $ 49.9 (26.8)% Operating margin 5.7% 8.9% 14.6% 18.8% Johnny Was Net sales $ 46.1 $ 49.1 (6.1)% $ 147.6 $ 150.6 (2.0)% Gross profit $ 30.1 $ 33.8 (10.8)% $ 96.8 $ 103.3 (6.3)% Gross margin 65.3% 68.8% 65.6% 68.6% Operating income (loss) $ (4.1 ) $ 0.9 (536.3)% $ (5.4 ) $ 7.3 (174.3)% Operating margin (8.8) % 1.9% (3.7) % 4.8% Emerging Brands Net sales $ 30.9 $ 31.2 (1.0)% $ 96.8 $ 96.7 0.1% Gross profit $ 17.6 $ 16.8 4.9% $ 56.9 $ 48.2 17.9% Gross margin 57.1% 53.9% 58.8% 49.9% Operating income $ 1.2 $ 3.7 (68.0)% $ 7.8 $ 10.7 (26.8)% Operating margin 3.8% 11.9% 8.1% 11.0% Corporate and Other Net sales $ (0.1 ) $ (0.1 ) NM $ (0.2 ) $ (0.4 ) NM Gross profit $ 0.3 $ (3.4 ) NM $ (2.7 ) $ (5.5 ) NM Operating loss $ (7.8 ) $ (9.1 ) NM $ (24.2 ) $ (24.0 ) NM Consolidated Net sales $ 308.0 $ 326.6 (5.7)% $ 1,126.1 $ 1,167.0 (3.5)% Gross profit $ 194.5 $ 205.4 (5.3)% $ 717.9 $ 749.3 (4.2)% Gross margin 63.1% 62.9% 63.8% 64.2% SG&A $ 204.7 $ 194.8 5.1% $ 634.7 $ 603.2 5.2% SG&A as % of net sales 66.5% 59.6% 56.4% 51.7% Operating income (loss) $ (6.2 ) $ 14.5 (143.2)% $ 98.7 $ 162.4 (39.2)% Operating margin (2.0) % 4.4% 8.8% 13.9% Earnings (loss) before income taxes $ (6.9 ) $ 13.2 (151.7)% $ 97.1 $ 157.6 (38.3)% Net earnings (loss) $ (3.9 ) $ 10.8 (136.5)% $ 75.1 $ 120.8 (37.8)% Net earnings (loss) per diluted share $ (0.25 ) $ 0.68 (136.7)% $ 4.74 $ 7.57 (37.4)% Weighted average shares outstanding - diluted 15.7 15.8 (0.6)% 15.8 15.9 (0.8)% Third Quarter First Nine Months ADJUSTMENTS Fiscal 2024 Fiscal 2023 % Change Fiscal 2024 Fiscal 2023 % Change LIFO adjustments ( 1) $ (0.4 ) $ 3.5 $ 2.4 $ 6.3 Amortization of Johnny Was intangible assets ( 2) $ 2.7 $ 3.5 $ 8.2 $ 10.4 Gain on sale of Merida manufacturing facility ( 3) $ 0.0 $ 0.0 $ 0.0 $ (1.8 ) Johnny Was distribution center relocation costs ( 4) $ 0.7 $ 0.0 $ 1.6 $ 0.0 Impact of income taxes ( 5) $ (0.8 ) $ (1.8 ) $ (3.1 ) $ (3.9 ) Adjustment to net earnings ( 6) $ 2.2 $ 5.2 $ 9.1 $ 11.0 AS ADJUSTED Tommy Bahama Net sales $ 161.3 $ 170.1 (5.2)% $ 632.0 $ 655.0 (3.5)% Gross profit $ 102.8 $ 111.2 (7.5)% $ 401.8 $ 424.7 (5.4)% Gross margin 63.8% 65.4% 63.6% 64.8% Operating income $ 0.4 $ 12.1 (96.3)% $ 84.0 $ 118.7 (29.2)% Operating margin 0.3% 7.1% 13.3% 18.1% Lilly Pulitzer Net sales $ 69.8 $ 76.3 (8.5)% $ 249.9 $ 265.1 (5.7)% Gross profit $ 43.7 $ 47.1 (7.2)% $ 165.1 $ 178.5 (7.5)% Gross margin 62.6% 61.7% 66.1% 67.3% Operating income $ 4.0 $ 6.8 (40.9)% $ 36.5 $ 49.9 (26.8)% Operating margin 5.7% 8.9% 14.6% 18.8% Johnny Was Net sales $ 46.1 $ 49.1 (6.1)% $ 147.6 $ 150.6 (2.0)% Gross profit $ 30.1 $ 33.8 (10.8)% $ 96.8 $ 103.3 (6.3)% Gross margin 65.3% 68.8% 65.6% 68.6% Operating income (loss) $ (0.7 ) $ 4.4 (115.1)% $ 4.4 $ 17.7 (75.3)% Operating margin (1.4) % 9.0% 3.0% 11.7% Emerging Brands Net sales $ 30.9 $ 31.2 (1.0)% $ 96.8 $ 96.7 0.1% Gross profit $ 17.6 $ 16.8 4.9% $ 56.9 $ 48.2 17.9% Gross margin 57.1% 53.9% 58.8% 49.9% Operating income $ 1.2 $ 3.7 (68.0)% $ 7.8 $ 10.7 (26.8)% Operating margin 3.8% 11.9% 8.1% 11.0% Corporate and Other Net sales $ (0.1 ) $ (0.1 ) NM $ (0.2 ) $ (0.4 ) NM Gross profit $ (0.2 ) $ 0.1 NM $ (0.3 ) $ 0.8 NM Operating loss $ (8.2 ) $ (5.5 ) NM $ (21.7 ) $ (19.5 ) NM Consolidated Net sales $ 308.0 $ 326.6 (5.7)% $ 1,126.1 $ 1,167.0 (3.5)% Gross profit $ 194.1 $ 208.9 (7.1)% $ 720.3 $ 755.6 (4.7)% Gross margin 63.0% 64.0% 64.0% 64.7% SG&A $ 201.3 $ 191.4 5.2% $ 624.9 $ 592.8 5.4% SG&A as % of net sales 65.4% 58.6% 55.5% 50.8% Operating income (loss) $ (3.2 ) $ 21.5 (115.1)% $ 110.9 $ 177.4 (37.5)% Operating margin (1.1)% 6.6% 9.9% 15.2% Earnings (loss) before income taxes $ (3.9 ) $ 20.2 (119.1)% $ 109.4 $ 172.5 (36.6)% Net earnings (loss) $ (1.7 ) $ 16.0 (110.7)% $ 84.2 $ 131.8 (36.1)% Net earnings (loss) per diluted share $ (0.11 ) $ 1.01 (110.8)% $ 5.32 $ 8.27 (35.7)% Third Quarter Third Quarter Third Quarter First Nine Months First Nine Months Fiscal 2024 Fiscal 2024 Fiscal 2023 Fiscal 2024 Fiscal 2023 Actual Guidance (7) Actual Actual Actual Net earnings (loss) per diluted share: GAAP basis $ (0.25) $ (0.16) - 0.04 $ 0.68 $ 4.74 $ 7.57 LIFO adjustments (1)(8) (0.02) 0.00 0.17 0.12 0.29 Amortization of Johnny Was intangible assets (2)(8) 0.13 0.13 0.16 0.38 0.48 Gain on sale of Merida manufacturing facility (3)(8) 0.00 0.00 0.00 0.00 (0.08) Johnny Was distribution center relocation costs (4)(8) 0.03 0.03 0.00 0.08 0.00 As adjusted (5) $ (0.11) $ 0.00 - 0.20 $ 1.01 $ 5.32 $ 8.27 Fourth Quarter Fourth Quarter Fiscal 2024 Fiscal 2023 Guidance (10) Actual Net earnings per diluted share: GAAP basis $ 1.02 - 1.22 $ (3.85) Johnny Was impairment charges (11) 0.00 5.31 Impairment of investment in unconsolidated entity (12) 0.00 0.12 LIFO adjustments (9) 0.00 0.16 Amortization of Johnny Was intangible assets (2) 0.13 0.17 Johnny Was distribution center relocation costs (4) 0.03 0.00 As adjusted (5) $ 1.18 - 1.38 $ 1.90 Fiscal 2024 Fiscal 2023 Guidance (10) Actual Net earnings per diluted share: GAAP basis $ 5.78 - 5.98 $ 3.82 Johnny Was impairment charges (11) 0.00 5.21 LIFO adjustments (1)(8) 0.11 0.45 Amortization of Johnny Was intangible assets (2)(8) 0.50 0.65 Gain on sale of Merida manufacturing facility (3)(8) 0.00 (0.08) Johnny Was distribution center relocation costs (4)(8) 0.11 0.00 Impairment of investment in unconsolidated entity (12) 0.00 0.12 As adjusted (5) $ 6.50 - 6.70 $ 10.15 (1) LIFO adjustments represents the impact of LIFO accounting adjustments. These adjustments are included in cost of goods sold in Corporate and Other. (2) Amortization of Johnny Was intangible assets represents the amortization related to intangible assets acquired as part of the Johnny Was acquisition. These charges are included in SG&A in Johnny Was. (3) Gain on sale of Merida manufacturing facility represents the gain on sale of Oxford's last owned manufacturing facility, which was located in Merida, Mexico and previously operated by the Lanier Apparel operating group. The gain is included in royalties and other operating income in Corporate and Other in Fiscal 2023. (4) Johnny Was distribution center relocation costs relate to the transition of Johnny Was distribution center operations from Los Angeles, California to Lyons, Georgia including systems integrations, employee bonuses and severance agreements, moving costs and occupancy expenses related to the vacated distribution centers. These charges are included in SG&A in Johnny Was. (5) Impact of income taxes represents the estimated tax impact of the above adjustments based on the estimated applicable tax rate on current year earnings. (6) Amounts in columns may not add due to rounding. (7) Guidance as issued on September 11, 2024. (8) Adjustments shown net of income taxes. (9) No estimate for LIFO accounting adjustments is reflected in the guidance for any future periods. (10) Guidance as issued on December 11, 2024. (11) Johnny Was impairment charges represent the impact of the impairment of the Johnny Was goodwill and intangible asset balances, net of income taxes, on net earnings per share in Fiscal 2023. (12) Impairment of investment in unconsolidated entity represents the impact, net of income taxes, on net earnings per share relating to the impairment of the ownership interest in an unconsolidated entity in Fiscal 2023. Direct to Consumer Location Count End of Q1 End of Q2 End of Q3 End of Q4 Fiscal 2023 Tommy Bahama Full-price retail store 103 101 102 102 Retail-food & beverage 21 22 21 22 Outlet 33 33 34 34 Total Tommy Bahama 157 156 157 158 Lilly Pulitzer full-price retail store 59 59 61 60 Johnny Was Full-price retail store 65 67 71 72 Outlet 2 2 2 3 Total Johnny Was 67 69 73 75 Emerging Brands Southern Tide full-price retail store 9 13 15 19 TBBC full-price retail store 3 3 3 3 Total Oxford 295 300 309 315 Fiscal 2024 Tommy Bahama Full-price retail store 102 103 106 Retail-food & beverage 23 23 25 Outlet 35 36 37 Total Tommy Bahama 160 162 168 Lilly Pulitzer full-price retail store 60 60 61 Johnny Was Full-price retail store 75 76 77 Outlet 3 3 3 Total Johnny Was 78 79 80 Emerging Brands Southern Tide full-price retail store 20 24 28 TBBC full-price retail store 4 5 5 Total Oxford 322 330 342 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.None
New year, new me: Top tips to get fit and stick to your health resolutions in 2025
Castle Biosciences, Inc. ( NASDAQ:CSTL – Get Free Report ) has been assigned an average rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.71. Several research analysts have commented on CSTL shares. BTIG Research upped their price objective on shares of Castle Biosciences from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Canaccord Genuity Group increased their price target on shares of Castle Biosciences from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Robert W. Baird lifted their price objective on Castle Biosciences from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Scotiabank increased their target price on Castle Biosciences from $37.00 to $44.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, Lake Street Capital lifted their price target on Castle Biosciences from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. View Our Latest Stock Analysis on Castle Biosciences Insider Transactions at Castle Biosciences Institutional Investors Weigh In On Castle Biosciences Several large investors have recently bought and sold shares of the business. Algert Global LLC boosted its holdings in shares of Castle Biosciences by 0.4% during the 3rd quarter. Algert Global LLC now owns 134,321 shares of the company’s stock valued at $3,831,000 after acquiring an additional 599 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Castle Biosciences by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,122 shares of the company’s stock worth $220,000 after purchasing an additional 675 shares during the period. Assetmark Inc. raised its stake in Castle Biosciences by 16.8% during the 3rd quarter. Assetmark Inc. now owns 5,212 shares of the company’s stock valued at $149,000 after buying an additional 748 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Castle Biosciences by 3.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 24,206 shares of the company’s stock valued at $690,000 after buying an additional 845 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Castle Biosciences by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,882 shares of the company’s stock worth $215,000 after buying an additional 952 shares during the last quarter. 92.60% of the stock is currently owned by institutional investors. Castle Biosciences Price Performance CSTL stock opened at $26.83 on Friday. The stock has a market capitalization of $751.43 million, a price-to-earnings ratio of 134.16 and a beta of 0.92. The firm’s 50-day moving average price is $30.49 and its two-hundred day moving average price is $27.37. The company has a current ratio of 7.78, a quick ratio of 7.64 and a debt-to-equity ratio of 0.02. Castle Biosciences has a 12-month low of $16.97 and a 12-month high of $35.84. Castle Biosciences ( NASDAQ:CSTL – Get Free Report ) last released its quarterly earnings results on Monday, November 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.14. The business had revenue of $85.78 million during the quarter, compared to analyst estimates of $78.55 million. Castle Biosciences had a return on equity of 1.47% and a net margin of 1.95%. During the same quarter in the prior year, the company posted ($0.26) EPS. As a group, equities analysts predict that Castle Biosciences will post 0.34 earnings per share for the current year. About Castle Biosciences ( Get Free Report Castle Biosciences, Inc, a molecular diagnostics company, provides testing solutions for the diagnosis and treatment of dermatologic cancers, Barrett's esophagus, uveal melanoma, and mental health conditions. It offers DecisionDx-Melanoma, a risk stratification gene expression profile (GEP) test to identify the risk of metastasis for patients diagnosed with invasive cutaneous melanoma; DecisionDx-SCC, a proprietary risk stratification GEP test for patients with cutaneous squamous cell carcinoma; MyPath Melanoma, a test used for patients with difficult-to-diagnose melanocytic lesions; and TissueCypher, a spatial omics test to predict future development of high-grade dysplasia and/or esophageal cancer in patients with non-dysplastic, indefinite dysplasia, or low-grade dysplasia Barrett's esophagus. Read More Receive News & Ratings for Castle Biosciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castle Biosciences and related companies with MarketBeat.com's FREE daily email newsletter .
Virgo natives can expect a dynamic and multilayered week that combines sociability, practical planning, and a few moments of introspection. Leading up to December 29, you may already sense a surge of positivity. The 30th is the day of “getting rid of tensions,” which hints at a quick resolution of recent worries or obstacles. You could find yourself attending more social or family events, purchasing a new home appliance, or making the house more comfortable for upcoming gatherings. As you cross into the New Year, your logical side awakens: you become increasingly mindful of how you spend both your time and resources. The prospect of bigger purchases—whether electronics or property—gains favor if you’ve done the groundwork. By midweek, those around you might notice an upswing in your mood. You’ll likely be at the center of celebratory gatherings, combining your natural organizational skills with a desire to have fun. However, keep your guard up in sharing personal strategies or secrets, especially around individuals who do not have your best interests at heart. Love & Relationship Romance and personal connections flourish for Virgos this week, with a pronounced sense of emotional warmth blanketing the period after December 29. If you are single, the possibility of fresh introductions or budding feelings around the New Year is possible—make the most of social invitations, as you never know whom you might meet. Meanwhile, committed Virgos may find that spending quality time with their partner—perhaps an intimate dinner at home or a short trip—fuels closeness and mutual appreciation. Still, watch for misunderstandings. Virgos can sometimes overthink or become critical when they sense disharmony. If doubts arise, opt for direct conversations rather than letting anxieties build. By the 4th of January, external pressures could briefly disturb your otherwise cordial domestic environment. Maintaining open channels of communication ensures that small hiccups do not escalate into needless conflict. Education & Career Education-wise, Virgos enjoy a significant confidence boost this week. The planets repeatedly emphasize success in studies for those who approach their tasks systematically. If you are in the process of studying for competitive exams, the 30th and 31st are particularly encouraging, suggesting you can push through complex topics with relative ease. Just remember not to get complacent. A diligent approach, coupled with your natural analytical skills, will take you far. In terms of professional life, this period favors thoughtful planning over impulsive moves. Early in the week, you may feel an urge to reorganize your workspace, set goals for 2025, or reach out to key contacts you’ve been meaning to consult. If you own a business, expect moderate success in networking—particularly around the turn of the year. Contracts or deals might come your way, but thoroughly vet them to avoid hidden pitfalls. By the weekend, workload management becomes essential; do not overextend yourself in a flurry of New Year ambitions. Instead, pace your tasks so you can maintain steady productivity. Money & Finance Financially, the stars highlight gradual progress and the importance of secure investments. Early in the period, you might be tempted to make a relatively large purchase—possibly for home improvement or technology upgrades. Though conditions are favorable, be certain you aren’t overspending. The planets mention auspicious times for property-related deals, home appliances, or even investing in educational needs if you have children. Money flow remains generally stable. You could receive a salary increase, a holiday bonus, or a delayed payment that finally comes through. The planets also point to potential gains from speculation, as indicated around the 1st or 2nd. However, if you’re new to trading or investing, educate yourself before taking the plunge. By the end of the week, maintain a sensible budget to avoid the stress of unplanned expenses—particularly around social events, family gatherings, or sudden travel. Health & Well-being Virgos typically take a structured, preventive approach to health, and this week’s energy aligns nicely with that mindset. During the first part of the week, you’ll likely feel an increase in mental clarity and physical vibrancy—perfect conditions for kicking off an exercise routine or improving your diet. If you’ve been contemplating a health-related resolution for the new year, this is a prime time to start. That said, the planets caution about hidden enemies and overexertion. This warning can translate into being mindful of stress triggers—whether in personal relationships or at work. Over-commitment to social events might leave you drained by the weekend if you don’t schedule proper rest. Keep your immune system strong by prioritizing good nutrition, adequate sleep, and mild physical activities like yoga or brisk walks. If you notice unusual discomfort, address it early rather than brushing it off. By balancing your innate desire for efficiency with genuine self-care, you’ll wrap up the week feeling recharged and ready for whatever lies ahead. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .Touchless trash cans are one of the latest innovations in automated kitchen technology. They use infrared motion sensors to automatically lift the lid, allowing users to dispose of trash without touching the can. This hands-free operation makes them not only efficient and easy to use but also improves kitchen hygiene as it helps reduce contact with germs, bacteria and parasites that are often found in household waste. Choosing the ideal touchless trash can for your home will depend on several factors, from the number of people in your household to the shape, size and material that best suits your decor. As with regular trash cans, there are many different shapes and styles available. The most common shapes are round, oval, square or rectangular. While shape can play a factor in determining which trash can to get, it is more important to find the right size trash can for your space. A 13-gallon trash can is standard for a kitchen. However, a smaller 5- to 10-gallon option would be better if you want to place it in a cabinet. For large families that generate a lot of waste, a larger 20 to 30-gallon trash can may be preferable. The most common materials are either metal or plastic. While plastic is certainly the cheaper option, metal trash cans are more durable. A stainless steel trash can is a good option, as it will match kitchen appliances and won’t rust or tarnish with time. However, metal trash cans are more pricey, retailing between $100 and $200, depending on their size and features. There are only two choices when it comes to a power source: battery or mains. A mains-powered trash can requires a permanent power source, restricting its location options. Battery-powered trash cans can be placed wherever you like and are particularly suitable for bathrooms. Look for a model that gives a warning when the batteries need replacing to avoid any inconvenience. The features of a trash can significantly impact the price, so it is important to decide which features you would like. Some trash cans have carbon filters that absorb unpleasant odors; however, remember that the filters must be replaced periodically. Other trash cans may feature a locking mechanism, which is handy if you have pets or small children because the lid will remain closed even if it’s knocked over. simplehuman 45 Liter / 12 Gallon Semi-Round Automatic Sensor Trash Can What you need to know: An elegant-looking option available in a range of metallic and colored finishes. What you’ll love: It has a smooth and quiet motor. The surface is protected with an antimicrobial coating that inhibits the growth of bacteria. What you should consider : At 36 inches tall, it’s too big to fit inside a cabinet. iTouchless 13 Gallon Kitchen Trash Can with Lid and Odor Filter What you need to know: It is available in a range of shapes and sizes, and it has a fingerprint-proof stainless steel body. What you’ll love: A choice of either battery or mains power provides versatility. It has a built-in natural carbon odor filter and a lockable lid. What you should consider : It doesn’t come with batteries or a mains adapter. SensorCan MT04SS-9 Touchless Trash Can What you need to know: With a 4-gallon capacity, this trash can is ideal for use in a kitchen cabinet or a bathroom. What you’ll love: It effectively filters odors and comes with a lemon-scented fragrance cartridge. What you should consider : Although the body is made from metal, the lid is made from plastic, so it may not be as durable. iTouchless 16 Gallon Touchless Sensor Kitchen Trash Can and Recycle Bin with Wheels What you need to know: This versatile option makes separating your recyclables from your waste easy because it has two removable inner buckets with handles. What you’ll love: This trash can can be powered by batteries or an AC adapter. It can be easily moved around the kitchen with optional casters. What you should consider : The battery compartment is below the trash level, so you need to be careful to avoid getting the batteries wet. Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links.From wealth and success to murder suspect, the life of Luigi Mangione took a hard turn
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