Maharashtra elections results: Will FIIs return to Indian markets?Corporations must brace for heightened regulatory scrutiny in 2025 with various regulators preparing to enforce stricter oversight and actions. The Securities and Exchange Board of India (Sebi), Competition Commission of India (CCI), Central Consumer Protection Authority (CCPA), and tax authorities are expected to tighten their stance, forcing businesses to enhance compliance, streamline processes, and adapt to evolving governance standards. Transparency, sustainability, and accountability will remain key priorities in the coming year, top legal experts told Mint. “The increase in the volume and complexity of transactions, coupled with India’s integration into global markets, has kept regulators busy," said Alok Sonkar, partner at law firm Cyril Amarchand Mangaldas. “Regulatory scrutiny is strict, focusing on public policy, investor protection, and long-term market impacts. However, challenges persist around compliance costs, misalignment with global norms, and overlapping frameworks." Akhil Chowdary Unnam, partner at Unnam Law, added: “In 2025, corporations and investors should expect greater emphasis on sustainability, technology, and financial transparency. Corporations must invest in robust compliance mechanisms, while stricter regulations on cryptocurrency, artificial intelligence, and data mining markets are inevitable as these sectors grow." As for investors, Sameena Jahangir, partner at Kochhar & Co., emphasized that they “should diversify portfolios and closely monitor regulatory developments, especially in technology-driven sectors." The markets and Sebi In 2024, Sebi led significant changes, including enforcing rigorous ESG (environmental, social, and governance) guidelines, introducing , and revamping disclosure rules to include objective criteria for material events. Sebi also streamlined processes for initial public offerings of shares by mandating quarterly results publication within 21 days of listing to ensure timely disclosures and stabilize market conditions. It took proactive steps to protect retail investors by cracking down on unregistered bond platforms, (ODI) and enforcing detailed ownership disclosures for ODI subscribers. “Regulators have raised the governance bar with stricter due diligence for AIFs and performance evaluations for market infrastructure institutions, ushering in greater transparency," said Kaushik Mukherjee, partner, IndusLaw. CCI’s actions India’s competition watchdog introduced the , simplifying filing procedures, strengthening confidentiality, and permitting external agencies to monitor merger orders. CCI raised its thresholds for merger approvals, , particularly in the digital market. Key enforcement actions included a over WhatsApp’s privacy policy, and investigations into Flipkart, Amazon, Zomato, and Swiggy for anti-competitive practices. Additionally, CCI reduced the merger review timeline from 210 days to 150 days, expediting regulatory processes. Tax authorities’ crackdown Tax authorities took proactive measures in 2024, issuing significant compliance notices. Goods and services tax (GST) authorities , while . Initiatives like the Direct Tax Vivad Se Vishwas scheme, revised compounding guidelines, and operationalization of the GST Appellate Tribunal (GSTAT) aimed to ease litigation burdens and enhance compliance. “Businesses can anticipate heightened scrutiny, increased audits, and broader use of technology by tax authorities. This is likely to include a stronger focus on GST reconciliations, cross-border transactions, and sector-specific compliance in areas such as e-commerce, manufacturing, and automotive industries," said Sandeep Sehgal, partner-tax, AKM Global, a tax and consulting services firm. CCPA’s investigations India’s Central Consumer Protection Authority was highly active in 2024. It ordered an despite the company claiming a 99% resolution rate. The CCPA also introduced guidelines to combat misleading environmental claims, banning vague terms like “eco-friendly" or “sustainable" unless supported by reliable scientific evidence or third-party certifications. “Transparency and compliance are critical," said Lalit Kumar, partner at JSA, a law firm. “Investor sentiments are severely affected when corporate governance norms are compromised." Challenges and missed opportunities Despite the progress, some experts believe Indian regulatory activity in 2024 had notable gaps. According to Sameena Jahangir, partner at law firm Kochhar & Co., while Indian regulators adopted a stricter stance, their approach in several instances lacked flexibility. Sebi’s crackdown on insider trading and fraudulent IPOs and the CCI’s investigations into global tech giants improved corporate transparency, offering long-term stability for investors. However, key issues such as the Hindenburg-Adani controversy and inefficiencies in Debt Recovery Tribunals received limited attention. Jahangir also noted that the CCI imposed relatively small fines on e-commerce and tech companies while avoiding deeper scrutiny of major market players. Away from regulators, the Insolvency and Bankruptcy Code, which is essential for corporate governance in India, has been the focus in 2024. The Insolvency and Bankruptcy Code (IBC) in 2024 paved the way for major resolutions such as Jaypee Healthcare Ltd, Lanco Amarkantak Power Ltd, and Coastal Energen Pvt Ltd, resulting in significant recoveries for creditors. With 51 businesses revived under IBC in the September quarter, 109 businesses struck deals in the first half of 2024-25. While this is slightly lower than the 130 resolutions approved in the same period of the fiscal year prior, a record 271 businesses received a fresh lease of life under the IBC in FY24, show data from the Insolvency and Bankruptcy Board of India (IBBI). “2024 was a lively year for insolvency law in the country," said Anoop Rawat, partner, Shardul Amarchand Mangaldas. “While there were no changes to the parent legislation, the IBBI implemented key reforms, particularly in real estate insolvencies and voluntary mediation." However, the efficiency of IBC came under question, especially in airline insolvencies. Jet Airways and Go First failed to revive, with the former being sent to liquidation and the latter unable to secure a resolution plan. Vacancies in the National Company Law Tribunal also hindered the process, with 19 out of 63 sanctioned positions, including the president’s post, lying vacant.Brice Williams scored 21 of his game-high 32 points in the second half Monday night as Nebraska advanced to the final of the Diamond Head Classic with a 69-55 win over Hawaii in Honolulu. Juwan Gary added 21 for the Cornhuskers (9-2), who will play Oregon State on Wednesday in the championship game. The Beavers scored an 80-74 overtime win over Oakland in the first semifinal. Marcus Greene scored 11 points, while Kody Williams and reserve Akira Jacobs each scored 10 for the Rainbow Warriors (7-4). But forward Gytis Nemeiksa, who averages 15 points per game and tallied 24 in a win Sunday night over Charlotte, missed all five shots from the field and mustered just one point in 24 minutes. Brice Williams ripped off seven of Nebraska's first nine points in the second half during a 9-2 run that gave the Cornhuskers the lead for good at 38-33 with 17:17 left. Gary added the team's next nine points and Williams took over after that with a three-point play, a short jumper and a layup that made it 54-43 with 7:51 remaining. The Cornhuskers canned 59.3 percent of their shots in the second half. The first half was played in two distinct segments. Hawaii controlled the first 12 1/2 minutes, playing solid defense and carving out points with good offensive execution. A layup by Jacobs gave the Rainbow Warriors a 22-14 lead at the 8:41 mark. Nebraska then ripped off 15 points in a 5:59 span, starting with a short hook from Brandon Meah and culminating with Williams' long 3-pointer from the wing with 1:04 left that gave it a 29-22 advantage. The Rainbow Warriors missed 11 straight shots and went 8:01 without a point. But they headed for halftime with momentum after a layup by Harry Rouhliadeff and Greene's buzzer-beating 3-pointer as the horn sounded, enabling Hawaii to slice the deficit to 29-27. Neither team shot better than 35.7 percent in the opening 20 minutes, but the Cornhuskers were more efficient on 3-pointers, going 5 of 12 while Hawaii was just 4 of 16. --Field Level Media
ST. HELENA, Calif.--(BUSINESS WIRE)--Dec 5, 2024-- The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) today reported its financial results for the three months ended October 31, 2024. First Quarter 2025 Highlights “We are pleased to begin fiscal 2025 with strong financial performance. Our growth continues to outpace the industry as our teams remain focused on advancing our strategic initiatives,” said Deirdre Mahlan, President, CEO and Chairperson. “We believe our distinctive brands, operational excellence and market-leading performance leave us well positioned to deliver long-term growth and profitability.” First Quarter 2025 Results Three months ended October 31, 2024 2023 Net sales growth (decline) 19.9 % (5.2 )% Volume contribution 24.7 % (3.4 )% Price / mix contribution (4.8 )% (1.8 )% Three months ended October 31, 2024 2023 Wholesale – Distributors 79.3 % 77.0 % Wholesale – California direct to trade 13.9 15.6 DTC 6.8 7.4 Net sales 100.0 % 100.0 % Net sales were $122.9 million, an increase of $20.4 million, or 19.9%, versus $102.5 million in the prior year period. The increase was driven primarily by the addition of Sonoma-Cutrer, partially offset by a lower price / mix contribution. Gross profit was $61.5 million, an increase of $7.6 million, or 14.2%, versus the prior year period. Gross profit margin was 50.0%, a decline of 250 basis points versus the prior year period. Adjusted gross profit was $63.8 million, an increase of $10.6 million or 19.8% versus the prior year period, reflecting higher net sales with the addition of Sonoma-Cutrer. Adjusted gross profit margin was 51.9% a decline of 10 basis points versus the prior year, as a result of an increase in cost of goods. Total selling, general and administrative expenses were $40.8 million, an increase of $10.3 million, or 33.8%, versus $30.5 million in the prior year period. Adjusted selling, general and administrative expenses were $23.9 million, an increase of $1.3 million, or 5.8%, versus $22.6 million in the prior year period, and a decrease of 260 basis points as a percentage of net sales. Net income was $11.2 million, or $0.08 per diluted share, versus $15.5 million, or $0.13 per diluted share, in the prior year period. Adjusted net income was $23.8 million, or $0.16 per diluted share, versus $17.2 million, or $0.14 per diluted share, in the prior year period. Adjusted EBITDA was $48.6 million, an increase of $13.9 million, or 39.9%, versus $34.7 million in the prior year period. This increase was driven primarily by an increase in net sales associated with the addition of Sonoma-Cutrer and ongoing operating cost controls that resulted in slower growth of adjusted selling, general and administrative expenses as a percentage of net sales. As a result, adjusted EBITDA margin improved 560 basis points versus the prior year period. Conference Call and Webcast The Company will no longer host its earnings conference call and webcast. About The Duckhorn Portfolio, Inc. The Duckhorn Portfolio is North America’s premier luxury wine company, with eleven wineries, ten state-of-the-art winemaking facilities, eight tasting rooms and over 2,200 coveted acres of vineyards spanning 38 Estate properties. Established in 1976, when vintners Dan and Margaret Duckhorn founded Napa Valley’s Duckhorn Vineyards, today, our portfolio features some of North America’s most revered wineries, including Duckhorn Vineyards, Decoy, Sonoma-Cutrer, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Postmark, Canvasback and Greenwing. Sourcing grapes from our own Estate vineyards and fine growers in Napa Valley, Sonoma County, Anderson Valley, California’s North and Central coasts, Oregon and Washington State, we offer a curated and comprehensive portfolio of acclaimed luxury wines with price points ranging from $20 to $230 across more than 15 varietals. Our wines are available throughout the United States, on five continents, and in more than 50 countries around the world. To learn more, visit us at: https:// www.duckhornportfolio.com/ . Investors can access information on our investor relations website at: https://ir.duckhorn.com . Use of Non-GAAP Financial Information In addition to the Company’s results, which are determined in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company believes the following non-GAAP measures presented in this press release and discussed on the related teleconference call are useful in evaluating its operating performance: adjusted gross profit, adjusted selling, general and administrative expenses, adjusted EBITDA, adjusted net income and adjusted EPS. Certain of these non-GAAP measures exclude depreciation and amortization, non-cash equity-based compensation expense, purchase accounting adjustments, casualty losses or gains, impairment losses, inventory write-downs, changes in the fair value of derivatives, and certain other items, net of the tax effects of all such adjustments, which are not related to the Company’s core operating performance. The Company believes that these non-GAAP financial measures are provided to enhance the reader’s understanding of our past financial performance and our prospects for the future. The Company’s management team uses these non-GAAP financial measures to evaluate business performance in comparison to budgets, forecasts and prior period financial results. The non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies. A reconciliation is provided herein for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Readers are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. Forward-Looking Statements This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including statements regarding the timing or nature of future operating or financial performance or other events. For example, all statements The Duckhorn Portfolio makes relating to its estimated and projected financial results or its plans and objectives for future operations, growth initiatives or strategies are forward-looking statements. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to manage the growth of its business; the Company’s reliance on its brand name, reputation and product quality; the effectiveness of the Company’s marketing and advertising programs, including the consumer reception of the launch and expansion of our product offerings; general competitive conditions, including actions the Company’s competitors may take to grow their businesses; overall decline in the health of the economy and the impact of inflation on consumer discretionary spending and consumer demand for wine; the occurrence of severe weather events (including fires, floods and earthquakes), catastrophic health events, natural or man-made disasters, social and political conditions, war or civil unrest; risks associated with disruptions in the Company’s supply chain for grapes and raw and processed materials, including corks, glass bottles, barrels, winemaking additives and agents, water and other supplies; risks associated with the disruption of the delivery of the Company’s wine to customers; disrupted or delayed service by the distributors and government agencies the Company relies on for the distribution of its wines outside of California; the Company’s ability to successfully execute its growth strategy; risks associated with our acquisition of Sonoma-Cutrer Vineyards, Inc.; decreases in the Company’s wine score ratings by wine rating organizations; quarterly and seasonal fluctuations in the Company’s operating results; the Company’s success in retaining or recruiting, or changes required in, its officers, key employees or directors; the Company’s ability to protect its trademarks and other intellectual property rights, including its brand and reputation; the Company’s ability to comply with laws and regulations affecting its business, including those relating to the manufacture, sale and distribution of wine; the risks associated with the legislative, judicial, accounting, regulatory, political and economic risks and conditions specific to both domestic and to international markets; claims, demands and lawsuits to which the Company is, and may in the future, be subject and the risk that its insurance or indemnities coverage may not be sufficient; the Company’s ability to operate, update or implement its IT systems; the Company’s ability to successfully pursue strategic acquisitions and integrate acquired businesses; the Company’s potential ability to obtain additional financing when and if needed; the Company’s substantial indebtedness and its ability to maintain compliance with restrictive covenants in the documents governing such indebtedness; the Company’s largest shareholders’ significant influence over the Company; the potential liquidity and trading of the Company’s securities; the future trading prices of the Company’s common stock and the impact of securities analysts’ reports on these prices; and the risks identified in the Company’s other filings with the SEC. The Company cautions investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read the Company’s filings with the SEC, available at www.sec.gov , for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The Company’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. THE DUCKHORN PORTFOLIO, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in thousands, except shares and per share data) October 31, 2024 July 31, 2024 ASSETS Current assets: Cash $ 5,407 $ 10,872 Accounts receivable trade, net 88,016 52,262 Due from related party 222 10,845 Inventories 530,293 448,967 Prepaid expenses and other current assets 11,040 14,594 Total current assets 634,978 537,540 Property and equipment, net 568,391 568,457 Operating lease right-of-use assets 26,369 27,130 Intangible assets, net 190,577 192,467 Goodwill 484,379 483,879 Other assets 7,470 7,555 Total assets $ 1,912,164 $ 1,817,028 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 66,357 $ 5,774 Accrued expenses 69,346 34,164 Accrued compensation 7,994 11,386 Deferred revenue 12,264 80 Current maturities of long-term debt 9,721 9,721 Due to related party 342 1,714 Other current liabilities 4,250 3,905 Total current liabilities 170,274 66,744 Revolving line of credit 83,000 101,000 Long-term debt, net of current maturities and debt issuance costs 198,263 200,734 Operating lease liabilities 23,579 24,286 Deferred income taxes 151,104 151,104 Other liabilities 694 705 Total liabilities 626,914 544,573 Stockholders’ equity: Common stock, $0.01 par value; 500,000,000 shares authorized; 147,200,572 and 147,073,614 issued and outstanding at October 31, 2024 and July 31, 2024, respectively 1,472 1,471 Additional paid-in capital 1,012,874 1,011,265 Retained earnings 270,299 259,135 Total The Duckhorn Portfolio, Inc. stockholders’ equity 1,284,645 1,271,871 Non-controlling interest 605 584 Total stockholders’ equity 1,285,250 1,272,455 Total liabilities and stockholders’ equity $ 1,912,164 $ 1,817,028 THE DUCKHORN PORTFOLIO, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, in thousands, except shares and per share data) Three months ended October 31, 2024 2023 Sales $ 124,669 $ 103,903 Excise tax 1,727 1,394 Net sales 122,942 102,509 Cost of sales 61,442 48,656 Gross profit 61,500 53,853 Selling, general and administrative expenses 40,798 30,483 Income from operations 20,702 23,370 Interest expense 5,115 4,004 Other expense (income), net 117 (1,813 ) Total other expenses, net 5,232 2,191 Income before income taxes 15,470 21,179 Income tax expense 4,285 5,629 Net income 11,185 15,550 Net income attributable to non-controlling interest (21 ) (13 ) Net income attributable to The Duckhorn Portfolio, Inc. $ 11,164 $ 15,537 Earnings per share of common stock: Basic $ 0.08 $ 0.13 Diluted $ 0.08 $ 0.13 Weighted average shares of common stock outstanding: Basic 147,128,486 115,339,774 Diluted 147,186,767 115,451,719 THE DUCKHORN PORTFOLIO, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in thousands) Three months ended October 31, 2024 2023 Cash flows from operating activities Net income $ 11,185 $ 15,550 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortization 10,631 7,329 Gain on disposal of assets (61 ) (42 ) Change in fair value of derivatives 137 (1,889 ) Amortization of debt issuance costs 194 194 Equity-based compensation 2,254 1,150 Change in operating assets and liabilities; net of acquisition: Accounts receivable trade, net (35,754 ) (22,547 ) Due from related party 10,623 — Inventories (80,443 ) (66,115 ) Prepaid expenses and other current assets 3,550 1,781 Other assets (212 ) 283 Accounts payable 61,149 28,045 Accrued expenses 37,058 51,985 Accrued compensation (3,392 ) (7,808 ) Deferred revenue 12,184 11,132 Due to related party (1,372 ) — Other current and non-current liabilities (496 ) (982 ) Net cash provided by operating activities 27,235 18,066 Cash flows from investing activities Purchases of property and equipment, net of sales proceeds (11,556 ) (10,395 ) Net cash used in investing activities (11,556 ) (10,395 ) Cash flows from financing activities Payments under line of credit (18,000 ) (13,000 ) Borrowings under line of credit — 23,000 Payments of long-term debt (2,500 ) (2,500 ) Taxes paid related to net share settlement of equity awards (644 ) (342 ) Net cash (used in) provided by financing activities (21,144 ) 7,158 Net (decrease) increase in cash (5,465 ) 14,829 Cash - Beginning of period 10,872 6,353 Cash - End of period $ 5,407 $ 21,182 Supplemental cash flow information Interest paid, net of amount capitalized $ 4,585 $ 4,009 Income taxes paid $ — $ 11,607 Non-cash investing activities Property and equipment additions in accounts payable and accrued expenses $ 2,568 $ 3,300 THE DUCKHORN PORTFOLIO, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted gross profit, adjusted selling, general and administrative expenses, adjusted net income, adjusted EBITDA and adjusted EPS, collectively referred to as “Non-GAAP Financial Measures,” are commonly used in the Company’s industry and should not be construed as an alternative to net income or earnings per share as indicators of operating performance (as determined in accordance with GAAP). These Non-GAAP Financial Measures may not be comparable to similarly titled measures reported by other companies. The Company has included these Non-GAAP Financial Measures because it believes the measures provide management and investors with additional information to evaluate business performance in comparison to budgets, forecasts and prior year financial results. Non-GAAP Financial Measures are adjusted to exclude certain items that affect comparability. The adjustments are itemized in the tables below. You are encouraged to evaluate these adjustments and the reason the Company considers them appropriate for supplemental analysis. In evaluating adjustments, you should be aware that in the future the Company may incur expenses that are the same as or similar to some of the adjustments set forth below. The presentation of Non-GAAP Financial Measures should not be construed as an inference that future results will be unaffected by unusual or recurring items. Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure that the Company calculates as net income before interest, taxes, depreciation and amortization, non-cash equity-based compensation expense, purchase accounting adjustments, transaction expenses, acquisition integration expenses, changes in the fair value of derivatives and certain other items which are not related to our core operating performance. Adjusted EBITDA is a key performance measure the Company uses in evaluating its operational results. The Company believes adjusted EBITDA is a helpful measure to provide investors an understanding of how management regularly monitors the Company’s core operating performance, as well as how management makes operational and strategic decisions in allocating resources. The Company believes adjusted EBITDA also provides management and investors consistency and comparability with the Company’s past financial performance and facilitates period to period comparisons of operations, as it eliminates the effects of certain variations unrelated to its overall performance. Adjusted EBITDA has certain limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. Some of these limitations include: Because of these limitations, you should consider adjusted EBITDA alongside other financial performance measures, including net income and the Company’s other GAAP results. In evaluating adjusted EBITDA, you should be aware that in the future the Company may incur expenses that are the same as or similar to some of the adjustments in this presentation. The Company’s presentation of adjusted EBITDA should not be construed as an inference that the Company’s future results will be unaffected by the types of items excluded from the calculation of adjusted EBITDA. Adjusted Gross Profit Adjusted gross profit is a non-GAAP financial measure that the Company calculates as gross profit excluding the impact of purchase accounting adjustments (including depreciation and amortization related to purchase accounting), non-cash equity-based compensation expense, and certain inventory charges. We believe adjusted gross profit is a useful measure to us and our investors to assist in evaluating our operating performance because it provides consistency and direct comparability with our past financial performance between fiscal periods, as the metric eliminates the effects of non-cash or other expenses unrelated to our core operating performance that would result in fluctuations in a given metric for reasons unrelated to overall continuing operating performance. Adjusted gross profit should not be considered a substitute for gross profit or any other measure of financial performance reported in accordance with GAAP. Adjusted Net Income and Adjusted Selling, General and Administrative Expenses Adjusted net income is a non-GAAP financial measure that the Company calculates as net income excluding the impact of non-cash equity-based compensation expense, purchase accounting adjustments, transaction expenses, acquisition integration expenses, changes in the fair value of derivatives and certain other items unrelated to core operating performance, as well as the estimated income tax impacts of all such adjustments included in this non-GAAP performance measure. We believe adjusted net income assists us and our investors in evaluating our performance period-over-period. In calculating adjusted net income, we also calculate the following non-GAAP financial measures which adjust each GAAP-based financial measure for the relevant portion of each adjustment to reach adjusted net income: Adjusted net income should not be considered a substitute for net income or any other measure of financial performance reported in accordance with GAAP. Adjusted EPS Adjusted EPS is a non-GAAP financial measure that the Company calculates as adjusted net income divided by diluted share count for the applicable period. We believe adjusted EPS is useful to us and our investors because it improves the comparability of results of operations from period to period. Adjusted EPS should not be considered a substitute for net income per share or any other measure of financial performance reported in accordance with GAAP. THE DUCKHORN PORTFOLIO, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited, in thousands, except per share data) Three months ended October 31, 2024 Net sales Gross profit SG&A Adjusted EBITDA Income tax Net income Diluted EPS GAAP results $ 122,942 $ 61,500 $ 40,798 $ 11,164 $ 4,285 $ 11,164 $ 0.08 Percentage of net sales 50.0 % 33.2 % 9.1 % Interest expense 5,115 Income tax expense 4,285 Depreciation and amortization expense 119 (1,903 ) 10,631 EBITDA $ 31,195 Purchase accounting adjustments 1,957 1,957 542 1,415 0.01 Transaction expenses (13,125 ) 13,125 3,636 9,489 0.06 Acquisition integration costs (152 ) 152 42 110 — Change in fair value of derivatives 137 38 99 — Equity-based compensation 266 (1,734 ) 2,000 504 1,496 0.01 Non-GAAP results $ 122,942 $ 63,842 $ 23,884 $ 48,566 $ 9,047 $ 23,773 $ 0.16 Percentage of net sales 51.9 % 19.4 % 39.5 % Three months ended October 31, 2023 Net sales Gross profit SG&A Adjusted EBITDA Income tax Net income Diluted EPS GAAP results $ 102,509 $ 53,853 $ 30,483 $ 15,537 $ 5,629 $ 15,537 $ 0.13 Percentage of net sales 52.5 % 29.7 % 15.2 % Interest expense 4,004 Income tax expense 5,629 Depreciation and amortization expense 124 (3,108 ) 7,329 EBITDA $ 32,499 Purchase accounting adjustments 25 25 7 18 — Transaction expenses (3,236 ) 3,236 861 2,375 0.02 Change in fair value of derivatives (1,889 ) (502 ) (1,387 ) (0.01 ) Equity-based compensation 206 (846 ) 1,052 272 780 0.01 Lease income, net (926 ) (926 ) (716 ) (210 ) (56 ) (154 ) — Non-GAAP results $ 101,583 $ 53,282 $ 22,577 $ 34,713 $ 6,211 $ 17,169 $ 0.14 Percentage of net sales 52.0 % 22.0 % 33.9 % Note: Sum of individual amounts may not recalculate due to rounding. View source version on businesswire.com : https://www.businesswire.com/news/home/20241205396304/en/ CONTACT: Investor Contact Ben Avenia-Tapper IR@duckhorn.com 707-339-9232Media Contact Jessica Liddell, ICR DuckhornPR@icrinc.com 203-682-8200 KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA OREGON INDUSTRY KEYWORD: RETAIL LUXURY WINE & SPIRITS AGRICULTURE NATURAL RESOURCES SPECIALTY FOOD/BEVERAGE SOURCE: The Duckhorn Portfolio, Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205396304/en
The New York Giants have not held a lead in a football game since their Week 5 win over the Seattle Seahawks. They suffered their sixth loss in a row on Sunday afternoon, being embarrassed at home by the Tampa Bay Buccaneers with a 30–7 final score . Tommy DeVito could not recapture his magic from last season as he and the Giants struggled throughout his first start in Week 12. Things are getting ugly for the G-Men. The Giants’ offense is broken Red zone turnovers, fumbles, poor offensive line play, and a lack of explosive plays are plaguing the Giants’ offense. They scored just seven points in this one, a fourth-quarter garbage-time touchdown from RB Devin Singletary . They went just 5-11 on third down and 0-2 on fourth down in the game and mustered just 245 yards of total offense. After cutting Daniel Jones mid-week, the hope was that DeVito could provide a spark as he took over under center. That spark was still missing, however, as DeVito was sacked four times and put up just 189 passing yards with zero touchdowns and an 83.9 passer rating. Stopping the run has been a problem all season The Giants’ run defense ranked 29th in the NFL entering this game, surrendering an average of 147.1 rushing yards per game. The unit was as bad as ever against the Buccaneers, allowing Tampa Bay to rack up 156 rushing yards and four touchdowns on the ground. Defensive coordinator Shane Bowen needs to find a way to stop the bleeding. Head coach Brian Daboll seems to be losing the locker room The Giants’ players are fed up with losing. Several members of the team were vocally frustrated following the game, even calling head coach Brian Daboll into question: “I started getting the ball when it’s 30-0,” Malik Nabers said via SNY . “What do you want me to do? Talk to Dabs about that. Talk to Dabs.” At 2-8, frustration is boiling over for Daboll and his players. The locker room seems to be turning on its head coach, which, if the past is any indicator, will likely lead to a firing later this season. Daboll needs to reunite the locker room if he wants to keep coaching in MetLife Stadium in 2025. Looking ahead to the Giants’ next matchup against the Dallas Cowboys It will be a quick turnaround for Daboll and his squad as they prepare to spoil Turkey Day for Giants fans across America as they travel to Dallas to take on the Cowboys on Thursday afternoon. The Cowboys are coming off an impressive win over the Washington Commanders this Sunday and will look to make it two in a row against the lowly Giants. This article first appeared on Empire Sports Media and was syndicated with permission.WASHINGTON (AP) — American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne about an hour after the Federal Aviation Administration ordered a national ground stop for the airline. The order, which prevented planes from taking off, was issued at the airline's request after it experienced trouble with its flight operating system, or FOS. The airline blamed technology from one of its vendors. As a result, flights were delayed across American’s major hubs, with only 37% of the airline's 3,901 domestic and international flights leaving on time, according to Cirium, an aviation analytics company. Nineteen flights were canceled. Dennis Tajer, a spokesperson for the Allied Pilots Association, a union representing American Airlines pilots, said the airline told pilots at 7 a.m. Eastern that there was an outage affecting the FOS system. It handles different types of airline operations, including dispatch, flight planning, passenger boarding, as well as an airplane's weight and balance data, he said. Some components of FOS have gone down in the past, but a systemwide outage is rare, Tajer said. Hours after the ground stop was lifted, Tajer said the union had not heard about any “chaos out there beyond just the normal heavy travel day.” He said officials were watching for any cascading effects, such as staffing problems. On social media, however, customers expressed frustrations about delays that caused them or their family members to miss connecting flights. One person asked if American planned to hold flights for passengers to make connections, while others complained about the lack of assistance they said they received from the airline or gate agents. Cirium noted that the vast majority of flights were departing within two hours of their scheduled departure time. A similar percentage — 36% — were arriving at their destinations as scheduled. Dallas-Fort Worth, New York’s Kennedy Airport and Charlotte, North Carolina, saw the greatest number of delays, Cirium said. Washington, Chicago and Miami experienced considerably fewer delays. Meanwhile, the flight-tracking site FlightAware reported that 4,058 flights entering or leaving the U.S., or serving domestic destinations, were delayed, with 76 flights canceled. The site had not posted any American Airlines flights on Tuesday morning, but showed in the afternoon that 961 American flights were delayed. Amid the travel problems, significant rain and snow were expected in the Pacific Northwest at least into Christmas Day. Showers and thunderstorms were developing in the South. Freezing rain was reported in the Mid-Atlantic region near Baltimore and Washington, and snow fell in New York. Because the holiday travel period lasts weeks, airports and airlines typically have smaller peak days than they do during the rush around Thanksgiving, but the grind of one hectic day followed by another takes a toll on flight crews. And any hiccups — a winter storm or a computer outage — can snowball into massive disruptions. That is how Southwest Airlines stranded 2 million travelers in December 2022, and Delta Air Lines suffered a smaller but significant meltdown after a worldwide technology outage in July caused by a faulty software update from cybersecurity company CrowdStrike. Many flights during the holidays are sold out, which makes cancellations even more disruptive than during slower periods. That is especially true for smaller budget airlines that have fewer flights and fewer options for rebooking passengers. Only the largest airlines, including American, Delta and United, have “interline agreements” that let them put stranded customers on another carrier’s flights. This will be the first holiday season since a Transportation Department rule took effect that requires airlines to give customers an automatic cash refund for a canceled or significantly delayed flight. Most air travelers were already eligible for refunds, but they often had to request them. Passengers still can ask to get rebooked, which is often a better option than a refund during peak travel periods. That’s because finding a last-minute flight on another airline tends to be expensive. An American spokesperson said Tuesday was not a peak travel day for the airline — with about 2,000 fewer flights than the busiest days — so the airline had somewhat of a buffer to manage the delays. The groundings happened as millions of travelers were expected to fly over the next 10 days. The Transportation Security Administration expects to screen 40 million passengers through Jan. 2. Airlines expect to have their busiest days on Thursday, Friday and Sunday. Many flights during the holidays are sold out, which makes cancellations more disruptive than during slower periods. Even with just a brief outage, the cancellations have a cascading effect that can take days to clear up. About 90% of Americans traveling far from home over the holidays will be in cars, according to AAA. “Airline travel is just really high right now, but most people do drive to their destinations, and that is true for every holiday,” AAA spokesperson Aixa Diaz said. Gasoline prices are similar to last year. The nationwide average Thursday was $3.04 a gallon, down from $3.13 a year ago, according to AAA. Charging an electric vehicle averages just under 35 cents per per kilowatt hour, but varies by state. Transportation-data firm INRIX says travel times on the nation’s highways could be up to 30% longer than normal over the holidays, with Sunday expected to see the heaviest traffic. Boston, New York City, Seattle and Washington are the metropolitan areas primed for the greatest delays, according to the company. Associated Press writers David Koenig, Mae Anderson and Mike Pesoli contributed to this report.
Republicans rally around Hegseth, Trump's Pentagon pick, as Gaetz withdraws for attorney general
AP News Summary at 8:02 p.m. ESTAlbany scores 24 4th-quarter points to overtake Hampton 41-34
When Nebraska meets Oregon State on Wednesday in Honolulu in the championship game of the Diamond Head Classic, it will have a chance to win its first tournament since the San Juan Shootout in 2000. If the Cornhuskers (9-2) pull it off, there's a good chance Juwan Gary will have something to do with it -- on both ends of the floor. The 6-foot-6, sixth-year senior averages 11.7 points per game and is coming off a 21-point outing in Monday night's 69-55 semifinal win over Hawaii. Gary is also an elite defender whose ability to guard multiple positions has Nebraska playing the best defense in coach Fred Hoiberg's six seasons. The Cornhuskers, who have allowed an average of 52.0 points per game in victories over Murray State and Hawaii at the tournament, are limiting the opposition to 36.3 percent field-goal shooting. "He can guard anybody one through five," Hoiberg said of Gary. "He does so many little things for his team and he's one of the elite offensive rebounders in the country." Fellow sixth-year senior Brice Williams (19.2 points) is coming off a 32-point outing Monday night for Nebraska, which is on a three-game winning streak. The Beavers (10-2) rallied from a 12-point second-half deficit in Monday's first semifinal to topple Oakland 80-74. Liutauras Lelevicius led a balanced attack with 17 points, producing a three-point play with 12 seconds left in regulation that forced overtime. Reigning West Coast Conference Player of the Week Michael Rataj added 13 points and seven rebounds one day after putting up 16 and 12, respectively, in a win over the College of Charleston. Winners of six in a row, Oregon State's hot start might surprise some, given the losses it incurred to the transfer portal after the program fell from Power 5 status. The departures included Jordan Pope (Texas) and Tyler Bilodeau (UCLA). But coach Wayne Tinkle felt the Beavers got deeper via their portal additions. "They're excited to be wearing the Oregon State uniform," he said. "Our balance of youth brings some real enthusiasm among with a good balance of mature guys." --Field Level MediaQatar tribune Jeff Galak The idyllic holiday scene — piles of presents, smiles all around — rarely matches reality. Who among us hasn’t faced the awkward silence of a gift that falls flat? Who hasn’t been disappointed by one we’ve received? Why then, do we get it wrong so often? Why are we so bad at giving gifts? I’ve researched these questions through the lens of social psychology, trying to understand the psychological science of gift giving in hopes of helping gift givers make better choices. And the good news is that after 10 years, we have some answers that could help every gift giver make better choices. The first thing to appreciate is that even though we all act as gift givers and gift recipients, we don’t typically do so at the same time: Even when exchanging gifts, we are thinking like a giver in advance, and then thinking like a recipient in the moment. This creates what is called an empathy gap. In short, when we are acting in one capacity, say as a gift giver, we typically do not consider or empathize with what it would be like to be a gift recipient. We apply a totally different psychology to gift giving than we do to gift receiving. This can be as simple as considering what matters most to gift givers and recipients. When we give gifts, what we tend to believe matters most is the moment of the gift exchange — the moment when a recipient unwraps their gift and sees it for the first time. We want that big “wow” moment where we see a huge smile and know that we’ve done a good job. The problem is that this moment, the big reveal, typically lasts for just a few seconds, but the recipient is stuck with the gift for much longer. What we know matters to the recipient, instead, is much less the moment of exchange, but rather the entirety of the gift’s ownership. Consider a novelty gift like a mug with a witty phrase like “World’s Best Procrastinator.” That’s sure to make someone chuckle when they see it, but then it’ll probably sit in their pantry collecting dust for who knows how long. Or consider a tchotchke that is intended to help decorate a home. It may spark excitement at first, but then the recipient is left with fitting it into the décor of their home ... no small task, and often an unwanted chore. Some gifts can leave a great first impression, but then fall flat later on. As gift givers, we need to think about the long-term implications of a gift, because that is what recipients truly value. As uninspired as it sounds, something like a toaster oven can be an amazing gift because it will be useful. It might not be the most exciting gift when it is opened, but your recipient will think fondly of you every time they use it. Beyond the useful, it’s important to consider that recipients care more about thoughtfulness than just about anything else. After all, what is a gift if not a way to show someone that you care about them and are thinking of them? What that implies, and what the science of gift giving endorses, is that cost is not what dictates how much a recipient loves a gift. In fact, research suggests that there is virtually no relationship between the price of a gift and how much a recipient likes it. Instead, what recipients value is something thoughtful. That can be a freshly baked batch of ********s, or a nicely framed photograph of a treasured shared past experience, or even just a sincerely written note on a holiday card. Science tells us that recipients value the care a giver puts into their gift, and not its cost. We can take this one step further and appreciate that thoughtfulness doesn’t come only on holidays and special occasions like birthdays. Instead, one can be thoughtful any day of the year! And what we’ve learned is that thoughtfulness on random days — not special occasions — is much easier to convey. A gift given out of the blue shows a recipient that they are being thought of not just on, say, their birthday, but all the time. These “just because” gifts are seen to be far more valuable to recipients than those that they receive at moments when they are expecting to be given gifts, such as holidays. Putting this all together, science shows us that the best way to give great gifts is to stop thinking like a gift giver, and instead start thinking like a gift recipient. We’ve all been in that role before, so consider what gifts worked for you and take it from there. Appreciate that being stuck with a bad gift is far from ideal and that the gifts we cherish most are the ones that make us feel cared for. If you can apply these lessons to your own gift giving, your recipients are sure to smile not just when they unwrap your gift, but when they treasure it for years to come. (Jeff Galak, co-founder of the GiftStar AI, is an associate professor of marketing and social and decision science at Carnegie Mellon University.) Copy 25/12/2024 10
Aliza Sultan’s cryptic post hits Feroze Khan and his wifeIn a message to the American people, the King expressed “great sadness” at the news of Mr Carter’s death, describing him as “a committed public servant” who “devoted his life to promoting peace and human rights”. He added: “His dedication and humility served as an inspiration to many, and I remember with great fondness his visit to the United Kingdom in 1977. “My thoughts and prayers are with President Carter’s family and the American people at this time.” Mr Carter, a former peanut farmer, served one term in the White House between 1977 and 1981 and spent his post-presidency years as a global humanitarian, winning the Nobel Peace Prize in 2002. Sir Keir Starmer said Mr Carter had “lived his values in the service of others to the very end” through “decades of selfless public service”. Praising a “lifelong dedication to peace” that saw him win the Nobel Peace Prize in 2002, Sir Keir added: “Motivated by his strong faith and values, President Carter redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad.” Tributes to Mr Carter followed the announcement of his death by his family on Sunday, more than a year after he decided to enter hospice care. His son, Chip Carter, said: “My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love.” Very sorry to hear of President Carter’s passing. I pay tribute to his decades of selfless public service. My thoughts are with his family and friends at this time. pic.twitter.com/IaKmZcteb1 — Keir Starmer (@Keir_Starmer) December 29, 2024 US President Joe Biden, one of the first elected politicians to endorse Mr Carter’s bid for the presidency in 1976, said the world had “lost an extraordinary leader, statesman and humanitarian”. He said: “Over six decades, we had the honour of calling Jimmy Carter a dear friend. But, what’s extraordinary about Jimmy Carter, though, is that millions of people throughout America and the world who never met him thought of him as a dear friend as well. “With his compassion and moral clarity, he worked to eradicate disease, forge peace, advance civil rights and human rights, promote free and fair elections, house the homeless, and always advocate for the least among us.” Vice President Kamala Harris said Mr Carter “reminded our nation and the world that there is strength in decency and compassion”. “His life and legacy continue to inspire me — and will inspire generations to come,” she said. “Our world is a better place because of President Carter.” Other UK politicians also paid tribute to Mr Carter. Liberal Democrat leader Sir Ed Davey said he was “an inspiration” who “led a truly remarkable life dedicated to public service with a genuine care for people”. Scottish First Minister John Swinney described the former president as “a good, decent, honest man who strove for peace in all that he did”, while Welsh First Minister said he was “a remarkable man” and “a humanitarian and scholar”. Former prime minister Sir Tony Blair said Mr Carter’s “life was a testament to public service”. He added: “I always had the greatest respect for him, his spirit and his dedication. He fundamentally cared and consistently toiled to help those in need.” Gordon Brown, another former prime minister, said it was a “privilege” to have known Mr Carter, who “will be mourned, not just in America, but in every continent where human rights are valued”. Mr Carter is expected to receive a state funeral featuring public observances in Atlanta, Georgia, and Washington DC before being buried in his hometown of Plains, Georgia. A moderate democrat born in Plains in October 1924, Mr Carter’s political career took him from the Georgia state senate to the state governorship and, finally, the White House, where he took office as 39th president in the wake of the Watergate scandal and the Vietnam War. His presidency saw economic disruption amid volatile oil prices, along with social tensions at home and challenges abroad including the Iranian revolution that sparked a 444-day hostage crisis at the US embassy in Tehran. But he also brokered the Camp David Accords between Egypt and Israel, which led to a peace treaty between the two countries in 1979. After his defeat in the 1980 presidential election, he worked more than four decades leading The Carter Centre, which he and his late wife Rosalynn co-founded in 1982 to “wage peace, fight disease, and build hope”. Under his leadership, the Carter Center virtually eliminated Guinea Worm disease, which has gone from affecting 3.5 million people in Africa and Asia in 1986 to just 14 in 2023. Mrs Carter, who died last year aged 96, had played a more active role in her husband’s presidency than previous first ladies, with Mr Carter saying she had been “my equal partner in everything I ever accomplished”. Earlier this year, on his 100th birthday, Mr Carter received a private congratulatory message from the King, expressing admiration for his life of public serviceNEW DELHI (AP) — Hindu nationalist party headed for a victory Saturday in state elections in politically significant Maharashtra while the opposition won mineral-rich Jharkhand state. Polling in the two states are seen as a test of his party returned to power in June national elections but was forced to form a coalition government with help from regional partners. India’s Election Commission said Modi’s Bharatiya Janata Party and its allies have already won 183 of 288 seats and were leading in another 48 seats in Maharashtra, India’s wealthiest state and home to the country's financial and entertainment capital, Mumbai. The opposition Congress party and its allies have won 50 of 81 seats and were leading in another four seats in eastern Jharkhand state, according to the commission. It said vote counting was nearing completion and final results were expected later on Saturday. Modi's BJP and a Hindu nationalist ally currently rule Maharashtra, where Hindus constitute nearly 80% and Muslims 11.5% of its 126 million people. An opposition alliance, including the Congress party, is in power in eastern Jharkhand state. The BJP has used slogans such as, “If you divide, then you will die,” and “If we are united, then we are safe,” to attract majority Hindu votes. The opposition accused it of trying to polarize voters along Hindu-Muslim religious lines. Meanwhile, Priyanka Gandhi from Congress party, the 52-year-old scion of the Nehru-Gandhi political dynasty, is set to make her debut in Parliament after winning the race against a Communist Party candidate by a huge margin of over 400,000 votes in the Wayanad seat in southern Kerala state. She contested a special election after her brother Rahul, who was elected in two constituencies in June, had to vacate one. Her mother Sonia Gandhi is already in Parliament. The BJP had hoped to attract women with a plan that provides 1,500 rupees ($18) a month to over 20 million women in the 21-65 age group whose annual family income is less than 250,000 rupees ($3,010). The Congress party promised women double that amount and free transportation in government buses. The opposition also hoped to capitalize on the simmering disaffection with high youth unemployment, inflation and low crop prices during the BJP’s rule. In September, Congress was able to secure votes in after a 10-year gap. But Modi’s BJP regained momentum in October and won the Haryana state election even though pollsters had predicted an easy victory for Congress. Ashok Sharma, The Associated Press
Coleman 2-3 2-2 6, Lendeborg 4-10 5-8 14, Johnson 6-12 5-5 18, McGhee 3-6 0-0 6, Toney 1-2 0-0 3, Vasquez 8-12 0-0 19, Moore 3-7 0-0 8, Ezewiro 4-4 1-4 9, Shaver 0-0 0-0 0. Totals 31-56 13-19 83. Walker 5-7 5-8 16, Banks 5-8 2-2 12, Kinziger 8-12 3-3 21, Pence 2-6 3-3 8, Wolf 3-8 0-0 8, Poindexter 3-4 0-1 7, Daugherty 3-6 0-0 9, Boser 1-2 0-0 3, Barnes 0-0 0-0 0. Totals 30-53 13-17 84. Halftime_UAB 43-39. 3-Point Goals_UAB 8-19 (Vasquez 3-4, Moore 2-5, Lendeborg 1-2, Toney 1-2, Johnson 1-5, McGhee 0-1), Illinois St. 11-27 (Daugherty 3-6, Kinziger 2-5, Wolf 2-6, Walker 1-1, Boser 1-2, Poindexter 1-2, Pence 1-4, Banks 0-1). Fouled Out_Lendeborg. Rebounds_UAB 22 (Lendeborg 4), Illinois St. 28 (Walker 8). Assists_UAB 19 (Lendeborg 7), Illinois St. 14 (Banks 5). Total Fouls_UAB 18, Illinois St. 20.
Cricket fans go wild over Isa Guha's commentary in the Boxing Day Test - for a VERY surprising reason Fans love listening to Seven commentator Isa Guha Left very impressed by more than her insights and analysis By JAMES COONEY FOR DAILY MAIL AUSTRALIA Published: 00:35 GMT, 30 December 2024 | Updated: 00:46 GMT, 30 December 2024 e-mail View comments Cricket fans have been going wild for popular BBC presenter Isa Guha throughout the Border-Gavaskar Series - and it's not just for her expert insights and analysis while in the commentary box. Guha won two World Cups for England as a player but never had any ambitions of becoming a presenter. Now she is one of the most recognisable faces of live cricket broadcasting, presenting Today at the Test on the BBC and commentating on Test Match Special, alongside working for Fox Cricket in Australia . If that wasn't enough, the 39-year-old also presents BBC's live coverage from Wimbledon . This summer, viewers have fallen in love with Guha's voice, with many taking to social media to post about how 'seductive' they find it. 'Don't know why but Isha Guha's commentary turns me on,' posted one fan. Presenter Isa Guha's voice has been a massive hit with cricket fans this summer 🏃🏻 https://t.co/6iCkEqG8CO pic.twitter.com/BdhBksJj8N — A🐾 (@thebottomhand) December 29, 2024 'Finally someone acknowledged it,' replied another. 'You spoke my heart sir,' replied a third. A fourth commented: 'I'm a fan of Isa Guha. She has a seductive voice and her repartees are excellent, constantly bouncing witty comments off her co-commentators. Instagram is lit with her witty one liners.' Hundreds of other cricket fans commented on her voice - but many of the comments are not fit to publish. Guha issued an apology after the former England cricketer called Indian bowler Jasprit Bumrah his team's 'most valuable primate' during the Brisbane Test. Guha made the remark during a broadcast for Fox Sports, saying: 'He's the MVP, isn't he? [The] most valuable primate, Jasprit Bumrah.' The comment sparked outrage on social media due to the word's history of being used as a racial slur. Guha said she had 'used a word that can be interpreted in a number of different ways'. The 39-year-old won two World Cups as a player before becoming one of cricket's most highly regarded commentators 'Firstly, I would like to apologise for any offence caused. I set myself really high standards when it comes to empathy and respect of others,' she said. 'If you listen to the full transcript, I only meant the highest praise for one of India's greatest players. And someone that I admire greatly as well.' Guha's parents Barun and Roma emigrated from Calcutta in West Bengal, India to the United Kingdom in the 1970s. 'As someone who is also of south-Asian heritage, I hope people would recognise that there was no other intention or malice there,' she said. 'I'm an advocate for equality and am someone who has spent their career thinking about inclusion and understanding in the game. 'I hope this hasn't overshadowed what has been a great Test match so far and I look forward to seeing how it progresses. But once again, I am really, really sorry.' Pace bowler Bumrah took five wickets during day two of the third Test in Brisbane. 'In trying to frame the enormity of his achievements, I said the wrong word in the moment. It was a genuine slip up, there was no other intention and I am sorry for any upset caused,' Guha added on her Instagram story. Guha issued an apology after she called Indian bowler Jasprit Bumrah his team's 'most valuable primate' during the third Test in Brisbane Guha has become one of the most recognisable faces in cricket broadcasting Former India coach Ravi Shastri sat beside Guha for the apology on Fox Sports and applauded her statement before urging people to 'move on'. 'First of all, brave woman,' he said of Guha. 'To do it on live television and apologise, it takes some steel. You heard it from the horse's mouth, so as far as I am concerned, game over. We are all human and we are all entitled to make mistakes. 'In the heat of the moment, like you saw with the Siraj incident with Travis Head [in the Adelaide Test], sometimes when you have the mic in your hand, things can happen. 'But to own up, put your hand up, and say "I'm sorry", if things have gone out of place, it takes courage. She has done it, let's move on.' BBC Wimbledon Instagram Share or comment on this article: Cricket fans go wild over Isa Guha's commentary in the Boxing Day Test - for a VERY surprising reason e-mail Add commentTrump attacks 'dumbest' 2023 debt limit extension
Jack Eichel says Team USA seeks to prove it has closed the gap on Canada at 4 Nations Face-OffNEW YORK — I’ll get you, my pretty! And your little pygmy hippo, too! Forgive us the shameless attempt to link the fantasy hit “Wicked” to the delightful Moo Deng . But, hear us out — there’s something the two have in common as the year draws to a close. Escapism. Whether we found it on the yellow brick road, or in videos from a Thailand zoo, or perhaps in unlikely Olympic heroes , we gravitated toward fantasy and feel-good pop culture moments this year. There were new trends, as always. “Brat summer” became a thing, as did “demure, mindful.” And for some inexplicable reason, we became obsessed with celebrity lookalike contests. There were breakups — Bennifer is, again, a thing of the past — and reunions: Oasis, please try to stay together for the tour. Yet some things stayed, remarkably, the same: Taylor Swift and Beyoncé kept on breaking records and making history. So, after a year where much changed but some things held steady, here’s our annual, very selective trip down pop culture memory lane: Lily Gladstone poses in the press room Jan. 7 with the award for best performance by an actress in a motion picture, drama for "Killers of the Flower Moon" at the 81st Golden Globe Awards at the Beverly Hilton in Beverly Hills, Calif. January It starts as a cheery tweet from a beloved “Sesame Street” figure: “ ELMO is just checking in! How is everybody doing?” The answers hint at something deeper and more worrisome. “Not great, Elmo. Not great,” says one milder reply. Doing much better is the viral phenomenon called “BARBENHEIMER,” which makes its awards season debut at the GOLDEN GLOBES . But perhaps the most poignant moment comes from neither film: LILY GLADSTONE , first Indigenous winner of best actress in a drama for “Killers of the Flower Moon,” begins her remarks in the language of her tribe, Blackfeet Nation. Kansas City Chiefs tight end Travis Kelce (87) kisses Taylor Swift on Feb. 11 after the Kansas City Chiefs defeated the San Francisco 49ers in overtime during the NFL Super Bowl 58 football game in Las Vegas. February Valentine’s Day — a perfect time to settle into a sweet love saga via TikTok. Only that’s not quite what we get with “Who TF Did I Marry?,” REESA TEESA ’s depressing, fascinating, 50-part account of her disastrous marriage with a man who lied about absolutely everything. Meanwhile, if you're looking for a single week that encapsulates peak SWIFT cultural dominance , try this: she begins with the Grammys in Los Angeles (becoming the first artist to win album of the year four times AND announcing a new album), then heads to Tokyo for four tour dates, then jets back just in time for the Super Bowl in Las Vegas — where she shares a passionate smooch with boyfriend TRAVIS KELCE on the field of victory. Ryan Gosling performs the song "I'm Just Ken" from the movie "Barbie" on March 10 during the Oscars at the Dolby Theatre in Los Angeles. March “What was I made for?” BILLIE EILISH sings at the OSCARS, channeling BARBIE . And what was KEN made for? Not entirely clear — but it's clear RYAN GOSLING was made to play him. His singalong version of “I’m Just Ken” is one of the most entertaining Oscar musical moments in years. Still, Christopher Nolan's “OPPENHEIMER” prevails, a rare case of the top prize going to a blockbuster studio film. Will it happen again in 2025? CYNTHIA ERIVO and ARIANA GRANDE sure hope so; as presenters, they make a sly reference to their upcoming juggernaut, “WICKED.” Speaking of marketing, people are obsessed with that bizarre “DUNE” popcorn bucket. Beyonce And BEYONCÉ carves her space in country music with “Act II: Cowboy Carter,” which will make her the first Black woman to top the Billboard country chart. Taylor Swift performs June 21 at Wembley Stadium in London as part of her Eras Tour. April Tennis, anyone? The game’s been around for centuries, but it’s having a cultural moment right now, helped mightily by “CHALLENGERS,” the sweaty romance triangle starring ZENDAYA, MIKE FAIST and JOSH O'CONNOR (40-love? More like 40-sex.) Elsewhere, a new era dawns: At midnight, SWIFT drops “THE TORTURED POETS DEPARTMENT," then drops another 15 songs two hours later. The fascinating and disturbing “BABY REINDEER,” the story of a struggling comedian’s extended encounter with a stalker, debuts on Netflix. Ben Affleck, left, and Jennifer Lopez arrive Feb. 13 at the premiere of "This Is Me ... Now: A Love Story" at the Dolby Theatre in Los Angeles. May It’s MET GALA time — or as it's known in 2024, another early marketing moment for “WICKED.” ERIVO and GRANDE make fashion waves on the carpet and then musical ones at dinner, with a soulful performance of “When You Believe.” If the “Wicked” tour is in full force, another one stops in its tracks: JENNIFER LOPEZ cancels her summer tour amid reports of both poor ticket sales and trouble in her marriage to BEN AFFLECK . It’s been an eventful year for J.Lo, who's released an album and movie called “THIS IS ME ... NOW" — both reflections on her renewed love with Affleck. June Welcome to BRAT SUMMER ! CHARLI XCX releases her hit “Brat” album , with its lime green cover, and launches a thousand memes. Collins Dictionary defines “brat,” its word of the year, as “characterized by a confident, independent, and hedonistic attitude.” At the celeb-heavy SWIFT shows in London, we see PRINCE WILLIAM shaking it off, which is either charming or cringe, you decide. Even better: KELCE dons a top hat and tux and performs for one night. At another stadium across the pond, METS infielder JOSE IGLESIAS delights the crowd with his cheery number “OMG.” July Bonjour, it’s OLYMPICS time! In Paris! An audacious opening ceremony along the Seine is punctuated by a fabulous CELINE DION , perched on the EIFFEL TOWER , singing her heart out — in the rain, too. Controversy swirls over a scene critics feel mocks Leonardo da Vinci’s “The Last Supper” (organizers say it does not). Olympic stars are born — including French swimming superstar LEON MARCHAND , rugby player ILONA MAHER , and bespectacled “Pommel Horse Guy” gymnast STEPHEN NEDOROSCIK , who nets two bronze medals and comparisons to Clark Kent. Baby pigmy hippo Moo Deng plays with a zookeeper Sept. 19 in the Khao Kheow Open Zoo in Chonburi province, Thailand. Also capturing hearts: yep, MOO DENG , born this month. Her name means “bouncy pork.” Australia's Rachael Gunn, known as B-Girl Raygun, competes Aug. 9 during the Round Robin Battle at the breaking competition at La Concorde Urban Park at the 2024 Summer Olympics in Paris, France. August This is them ... now: BENNIFER is no more. After two decades, two engagements and two weddings, J.Lo files for divorce. One union dissolves, another returns: OASIS announces a reunion tour. Everyone seems to want to get in on TikToker JOOLS LEBRON 's “ DEMURE, MINDFUL ” act — even the WHITE HOUSE press team. Back at the Olympics, in the new sport of breaking, we meet Australia’s RAYGUN , arguably neither demure nor mindful with her “kangaroo” move. Los Angeles Dodgers' Shohei Ohtani brings his dog Decoy to the mound Aug. 28 before Decoy delivered the ceremonial first pitch prior to a baseball game between the Dodgers and the Baltimore Orioles in Los Angeles. Cute animal alert: SHOHEI OHTANI ’s perky pooch DECOY does a great “first pitch” in his Major League Baseball debut. Chappell Roan performs "Good Luck, Babe" on Sept. 11 during the MTV Video Music Awards at UBS Arena in Elmont, N.Y. September One of the year’s biggest breakout artists, CHAPPELL ROAN , withdraws from a music festival after speaking out about frightening fan interactions. And more on the price of fame: In an excruciating moment, “Bachelorette” JENN TRAN , the franchise’s first Asian American lead, is forced to sit through a painful viewing of her proposal to her chosen suitor, after tearfully explaining how he’d later dumped her over the phone. Tran is keeping busy though — she’s announced as part of the new “Dancing with the Stars” lineup. Also on the list: rugby player Maher, and Pommel Horse Guy! Also, ANNA SOROKIN , dancing with an ankle monitor. Online fandom, meanwhile, is shaken when X is temporarily suspended in Brazil and celebrity stan accounts post tearful farewells, revealing to many across the globe that their favorite accounts are run by Brazilians. Miles Mitchell, 21, wins of the Timothee Chalamet lookalike contest Oct. 27 near Washington Square Park in New York. October “Dune” Chalamets! “Wonka” Chalamets! Thousands gather in Manhattan for a TIMOTHÉE CHALAMET lookalike contest, and things really get interesting when Chalamet himself shows up. He doesn’t enter the contest, though, and with his mustache, he may not even have won. The trend continues with contests for JEREMY ALLEN WHITE, ZAYN MALIK and — in a very Washington version — Kennedy scion JACK SCHLOSSBERG , who's been gathering a following with some interesting social media posts. New York Liberty Kennedy Burke dances with the mascot, Ellie the Elephant, during an Oct. 24 ceremony after a parade in honor of the Liberty's WNBA basketball championship at City Hall in New York. Turning to basketball, who’s that dancing with USHER ? Why it’s ELLIE THE ELEPHANT , the now-viral NEW YORK LIBERTY mascot. Democratic presidential nominee Vice President Kamala Harris, right, appears Nov. 2 with Maya Rudolph on NBC's "Saturday Night Live" in New York. November MAYA RUDOLPH does a pretty good KAMALA HARRIS laugh on “Saturday Night Live,” but you know who does it better? HARRIS herself. The Democratic candidate makes a surprise cameo three days before the U.S. presidential election, following in the footsteps of HILLARY CLINTON , SARAH PALIN and others. Elsewhere in television, Bravo announces that “VANDERPUMP RULES,” the Emmy-nominated reality show that has lived through countless scandals, is entirely recasting its 12th season — apart from namesake LISA VANDERPUMP . As for MOO DENG , she doesn't have her own TV series yet, but our favorite pygmy hippo is generating plenty of merch . And THAT brings us back to ... Ariana Grande, left, and Cynthia Erivo pose for photographers Nov. 11 prior to the premiere of "Wicked" at Auditorio Nacional in Mexico City. December “WICKED” ! Director JON M. CHU ’s emerald-hued fantasy remains very very popular, to quote one of its buzzy show tunes, dancing through life and defying gravity at the multiplex. Moviegoers also come for “GLADIATOR II” and, in a veritable tidal wave, Disney's “MOANA 2,” which beckons us back to the seas of Oceania. Once again, 2024 seems to be telling us: Give people some whimsy, a place to escape, maybe some catchy tunes — and no one knows how far they’ll go. The stories and images that defined 2024. Searching for something? From queries about U.S. politics to cricket in India, Wikipedia has become a source of information for millions of people across the globe. From the Paris Olympics to the Super Bowl. From Simone Biles to Shohei Ohtani. And, of course, Travis Kelce and Taylor Swift. These are the sp... AP photographers assembled a visual catalog of our civilization as life in 2024 hurtled directly at us at every speed and in every imaginable ... In 2024, photographers captured glimpses of humanity, ranging from a deeply divisive presidential election, to hurricanes and fires that ravag... Associated Press photographers captured voters with raw emotions of joy, excitement, contemplation or sorrow. See entertainment's biggest moments in 2024, through the lens of Associated Press photographers. It beat five other finalists: demure, slop, dynamic pricing, romantasy and lore. News anchors, politicians and other public figures in the U.S. struggled with these words the most this year. Is it any surprise Merriam-Webster's word of the year is "polarization"? Here are the other words that rounded out the top 10 for 2024. 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Saquon Barkley on pace to set Eagles rushing record against Panthers, eyes Dickerson's NFL recordWireless Concrete Sensor Market Analysis By Top Keyplayers - HILTI, Giatec, AKCP, Wake, Maturix, Lumicon, Converge, HGCR Technologies, Sensytec, Resensys, EXACT, PERI, Concrete Sensors, Doka, ConCure, Exact Technology, ONSET, AOMS Technologies 11-25-2024 12:13 AM CET | IT, New Media & Software Press release from: Verified Market Research The "Wireless Concrete Sensor Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Wireless Concrete Sensor Market, 2024-2031 Verified Market Research's most recent report, "Wireless Concrete Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination of the industry that includes insights into the market analysis. Along with competition and geographical research, the report also covers recent developments in the worldwide industry. The market for cosmetic packaging has been rising dramatically in recent years due to a variety of important factors, including rising product demand, a greater client base, and developments in technology. The market is thoroughly examined in this study, along with its size, trends, factors driving and impeding growth, competitive aspects, and potential for expansion. Download Full PDF Sample Copy of Wireless Concrete Sensor Report @ https://www.verifiedmarketreports.com/download-sample/?rid=217490&utm_source=Openpr&utm_medium=210 Wireless Concrete Sensor Market business report has been produced with a thorough grasp of the business environment that best fits the client's needs. This market analysis can also help businesses understand sustainability initiatives and financial growth. This report's explanation of market drivers and constraints helps readers understand how many factors might affect how much demand a given product has from consumers. All of the leading companies' and brands' company profiles are included in this market analysis. In-depth research and analysis are used to appropriately elaborate on each area in order to produce an accurate Wireless Concrete Sensor Market survey report. Who is the largest manufacturers of Wireless Concrete Sensor Market worldwide? HILTI Giatec AKCP Wake Maturix Lumicon Converge HGCR Technologies Sensytec Resensys EXACT PERI Concrete Sensors Doka ConCure Exact Technology ONSET AOMS Technologies Wireless Concrete Sensor Market Segmentation Analysis Segmentation analysis involves dividing the market into distinct groups based on certain criteria such as type and application. This helps in understanding the market dynamics, targeting specific customer groups, and devising tailored marketing strategies. Wireless Concrete Sensor Market By Type Surface-mounted Sensors Embedded Sensors Wireless Concrete Sensor Market By Applications Water Resources and Hydropower Engineering Highway Engineering Construction House Construction Other Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=217490&utm_source=Openpr&utm_medium=210 Detailed TOC of Global Wireless Concrete Sensor Market Research Report, 2023-2030 1. Introduction of the Wireless Concrete Sensor Market ►Overview of the Market ►Scope of Report ►Assumptions 2. Executive Summary 3. Research Methodology of Verified Market Reports ►Data Minin ►Validation ►Primary Interview ►List of Data Sources 4. Wireless Concrete Sensor Market Outlook ►Overview ►Market Dynamics ►Drivers ►Restraints ►Opportunities ►Porters Five Force Model ►Value Chain Analysis 5. Wireless Concrete Sensor Market, By Product 6. Wireless Concrete Sensor Market, By Application 7. Wireless Concrete Sensor Market, By Geography ►North America ►Europe ►Asia Pacific ►Rest of the World 8. Wireless Concrete Sensor Market Competitive Landscape ►Overview ►Company Market Ranking ►Key Development Strategies 9. Company Profiles 10. Appendix For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/wireless-concrete-sensor-market/ Contact us: Mr. Edwyne Fernandes US: +1 (650)-781-4080 US Toll-Free: +1 (800)-782-1768 About Us: Verified Market Reports Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research. 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