COP29 climate finance deal clinched, what are countries saying?LAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." Get local news delivered to your inbox!
PWHL Roundup: Charge rout Fleet, Frost edge Sirens in pre-season playExelon Co. (NASDAQ:EXC) Shares Purchased by PNC Financial Services Group Inc.
AI Ease Unveils Free AI Background Generator for Effortless Image Enhancement 12-24-2024 06:34 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire In the digital world, great visuals are a must for standing out, be it for professional photographers, e-commerce sellers, or content creators. However, creating the perfect background for your images can be time-consuming and costly. Thankfully, with the power of AI, you can create stunning backgrounds without the hassle. The article explains how to make an AI background online using the ai background generator online [ https://www.aiease.ai/ai-background/ ]. This tool is 100% free, AI-powered, has no limit on usage and does not require any account creation. Image: https://www.abnewswire.com/uploads/35116d754bd8ae72a951a9835ed1f32d.jpg Step 1: Upload and Remove To begin with the AI background generator, you are to upload the image to edit. Be it a portrait, a product photo, or any other kind of image, just click the "Upload" button on the AI Ease platform. Once uploaded, the tool instantly starts working to remove the existing background from the image in a matter of seconds. This happens automatically and makes the preparation of your image for further steps easy. The AI-powered tool works remarkably well with the most minute detail at AI Ease. It automatically detects the foreground subject and lets you perfect the background without having to mess around with the edges or fine details of your subject. This step will eliminate the need to manually remove the background, saving you time and effort. Step 2: Creating AI-generated Backgrounds After removing the background, it is time to select a new backdrop for your image. AI Ease provides two strong modes to generate AI backgrounds: AI Scenes and Custom. * AI Scenes You can choose any of the background templates available the moment you enter "AI Scenes" mode. Among the most common backdrops for AI scenes, you will find marble, wood, texture, indoor settings, and more. From a simple neutral background for product photography to an artistic scene that would improve your portrait, everything will be at your disposal. With an AI background generator, all background scenes are created professionally in style, well-chosen, and match your subject. Such scenes will suit users when they want to accomplish a certain goal fast without any compromise on image quality that of an e-commerce product photography solution, a personal portrait shoot, or otherwise. * Custom Mode Those who would love a personal tone would like the "Custom" mode in AI Ease. It is a text-to-AI background for those cases when one needs exactly what he or she sees, be it product imagery with unique sceneries or some personalized background for other creative work. All you have to do now is describe the background you intend to use. For example, say, "a vintage wooden desk with soft natural light filtering in," and let AI magically create an image for what you have typed. Then, this custom mode used a large language model full of state-of-the-art text-to-image algorithms. This gives you the capability to create backgrounds that are highly unique to your needs, whatever they may be in nature. Step 3: Download and Share Once you are pleased with the new background, it is now full-time to complete your creation. Just click the "Download" button, and your image is saved. Instant download-you are ready to go with your newly enhanced image for anything you may need: an e-commerce store, social media post, or personal project. Being able to download and share right from the platform makes this whole process seamless and efficient. The AI background generator, courtesy of AI Ease, promises quality that you can assuredly use down to professional or even personal projects with confidence. Save your time and up your game in your content without fuss, as you can directly download and share your images instantly. AI-Powered Technology for Better Results The background generator at AI Ease is driven by advanced AI algorithms to ensure that every background it generates is visually stunning and professionally crafted. It works in the background to ensure smooth processing, accuracy, and quality results. With the added advantage of being completely free, users can generate unlimited high-quality backgrounds with no subscriptions or sign-ups required. Elevate with AI Background Templates Perhaps one of the greatest strengths of the AI background generator by AI Ease is the wide array of background templates it will offer. The variety of marble, wood, and textured backdrops within these AI background templates is designed to answer the most in-demand needs concerning visual content. Whether you shoot products, create artwork, or capture portraits, AI scenes from AI Ease guarantee that the most professional, stable, and visually pleasing backgrounds are literally at your fingertips online. These templates are designed to complement your images, not overwhelm the subject. Each scene is carefully composed to provide a balanced backdrop that will let your subject be the focal point while the background sets the perfect setting. Try for Free One of the best features of the AI background generator by AI Ease is that it's completely free. Whether a professional photographer, a businessman, or just a hobbyist, one can generate high-quality AI backgrounds for his/her images without spending even a single penny. Just pay a visit to the website of AI Ease, upload your image, and get started with generating backgrounds. Because the tool is user-friendly, there are no special skills or prior experiences with photo editing software needed to work with it. Whether for your website, social media, or e-commerce store, AI Ease gives you an easy way of adding oomph to your images in a very fast and efficient manner. Personalize from Text Prompts The full customization option is a whole new dimension introduced by the AI Background Generator. You will be able to create backgrounds that are unique for your images with text prompts. Be it simple, elegant, complex, or artful, the "Custom" mode generates a background that fits your requirements to the dot. The features that make it useful for the enhancement of product photography include providing an effect of background that suits either your brand or your product in question. Thanks to this great functionality provided by AI Ease, backdrops can be easily created to fit with one's vision without too much work and resource input compared to traditional photo shoots or very expensive stock images. Make Products Shine The quality of product images can make or break a sale for any e-commerce business. For e-commerce sellers, AI Ease's free online AI background generator is something that completely revolutionizes their selling game. Using either "AI Scenes" or "Custom" mode, the sellers can add professional-looking backgrounds to the photos of their products and present their merchandise in a visually appealing way. The tool elevates your product images, creating a distinction with competitors for the attention of prospective buyers. Be it fashion clothes, accessories, or other in-home products that one sells, this AI-powered software makes it an easy approach to generating fabulous product images that will surely impress your customers' senses. Image: https://www.abnewswire.com/uploads/59d715f2c41d9cd802f1c3f53454a2f6.jpg Conclusion AI Ease's AI background generator makes creating quality backgrounds for your images a whole lot easier. This is a no-cost, AI-powered utility that can be used with either pre-set scenes or custom-created backgrounds using a text prompt. Be it photography, e-commerce, or content creation, AI Ease makes the job look all that easy and efficient. All one has to do to achieve professional-quality images is go through a few simple steps: upload your image, pick or customize your AI-generated background, and finally download the result. Added to this factor of free, unlimited, and easy to use, AI Easy turns out to be very helpful for anyone who desires to make AI backgrounds online. Media Contact Company Name: Aiease Contact Person: Mike Hasy Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=ai-ease-unveils-free-ai-background-generator-for-effortless-image-enhancement ] State: New York Country: United States Website: https://www.aiease.ai/ This release was published on openPR.
Could this over-50s QLD coastal community be the ideal haven for boomers looking to live large?SAN DIEGO , Dec. 5, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced it has been recognized by Newsweek as one of "America's Most Responsible Companies" for 2025, earning this distinction for the sixth consecutive year. The annual list ranks companies based on their commitment to corporate responsibility in the areas of corporate governance and responsible social and environmental practices. Sempra has been included since the list's inception. "At Sempra, we believe our responsible business practices improve the value of our franchise. By strengthening governance and risk management and improving the safety and resiliency of our business operations, it allows us to better meet the needs and expectations of our customers, while also adding scale to our business," said Lisa Larroque Alexander , senior vice president of corporate affairs and chief sustainability officer for Sempra. "We will continue to approach global energy challenges with an entrepreneurial mindset, steadfast optimism and confidence in our vision of delivering energy with purpose." Newsweek's recognition of Sempra as one of "America's Most Responsible Companies" is based on publicly available key performance indicators derived from the company's Corporate Sustainability Report and an independent survey that asked U.S. citizens about their perception of Sempra's commitment to corporate social responsibility. Details of Sempra's approach to responsible stakeholder engagement and corporate governance can be found in the company's most recent Corporate Sustainability Report, which is available here . In addition to being recognized on Newsweek's America's Most Responsible Companies list, Sempra is included in the FTSE4Good Index and JUST 100 list, has been named one of TIME Magazine's World's Best Companies and one of Fortune Magazine's World's Most Admired Companies , and earned a perfect score on the CPA-Zicklin Index of Corporate Political Disclosure and Accountability , among other accolades. About Sempra Sempra (NYSE: SRE ) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California , Texas , Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra . View original content to download multimedia: https://www.prnewswire.com/news-releases/sempra-named-among-newsweeks-most-responsible-companies-302324298.html SOURCE Sempra
Africa’s choices in a world of rival powers
Police rules out foul play in death of OpenAI whistleblower Suchir Balaji
Q3 2024 Overview SAN DIEGO , Dec. 5, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, today announced its third quarter 2024 financial results. In the third quarter of 2024, Petco delivered net revenue of $1.51 billion , up 1.2 percent versus prior year. On an as-reported basis, the company's consumables business was up 2.7 percent versus prior year, and services and other business was up 5.0 percent versus prior year. Growth in the company's consumables and services and other businesses was offset by the company's supplies and companion animal business, down 2.8 percent versus prior year. GAAP net loss in the third quarter of 2024 was $16.7 million , or $(0.06) per share, compared to GAAP net loss of $1.2 billion , or $(4.63) per share in the prior year, which included a $1.2 billion non-cash goodwill impairment charge associated with goodwill originally recorded in 2015. Adjusted Net Income 1 was $(6.5) million , or $(0.02) per share 1 , compared to $(14.5) million , or $(0.05) per share 1 in the prior year. Adjusted EBITDA 1 was $81.2 million compared to $72.2 million in the prior year. "Our third quarter results demonstrate the meaningful progress we're making to strengthen our retail fundamentals to drive sustainable, profitable growth," said Joel Anderson , Petco's Chief Executive Officer. "While there is more work to do, our improving results increase our conviction that we are on the right path to position Petco to win long-term. Our entire organization is focused on driving profitability and free cash flow, and I'm confident we're set up for a solid finish to 2024." (1) Adjusted EBITDA, Adjusted Net Income, Adjusted Earnings Per Share ("Adjusted EPS"), and Free Cash Flow are non-GAAP financial measures. See "Non-GAAP Financial Measures" for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures. Fiscal Q4 2024 Outlook The company is providing Q4 guidance for revenue, Adjusted EBITDA, and Adjusted EPS, in addition to full year interest expense and capital expenditure expectations. For Fiscal Q4 2024, the company expects: Metric* FQ4 2024 Guidance Net Revenue ~ $1.55 billion Adjusted EBITDA Between $90 million and $95 million, including a minimum of $10 million in third party consulting fees associated with our transformation effort Adjusted EPS Between $0.00 and $0.02 For Fiscal 2024 (a 52-week year), the company expects the following: Metric* 2024 Guidance, YoY Net interest expense ~$140 million Capital Expenditures ~$130 million *Assumptions in the guidance include that economic conditions, currency rates and the tax and regulatory landscape remain generally consistent. For fiscal 2024, our guidance anticipates a 26 percent tax rate, and 273 million weighted average diluted share count. Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures and have not been reconciled to the most comparable GAAP outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management's control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide outlook for the comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein and in our filings with the Securities and Exchange Commission. Earnings Conference Call Webcast Information: Management will host an earnings conference call on December 5, 2024 at approximately 4:30 PM Eastern Time to discuss the company's financial results. The conference call will be accessible through a live webcast. Interested investors and other individuals can access the webcast, earnings release, and earnings presentation via the company's investor relations page at ir.petco.com . A replay of the webcast will be archived on the company's investor relations page through December 19, 2024 until approximately 5:00 PM Eastern Time . About Petco, The Health + Wellness Co.: Founded in 1965, Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners. We've consistently set new standards in pet care while delivering comprehensive pet wellness products, services and solutions, and creating communities that deepen the pet-pet parent bond. We operate more than 1,500 pet care centers across the U.S., Mexico and Puerto Rico , which offer merchandise, companion animals, grooming, training and a growing network of on-site veterinary hospitals and mobile veterinary clinics. Our complete pet health and wellness ecosystem is accessible through our pet care centers and digitally at petco.com and on the Petco app . In tandem with Petco Love , a life-changing independent nonprofit organization, we work with and support thousands of local animal welfare groups across the country and, through in-store adoption events, we've helped find homes for nearly 7 million animals. Forward-Looking Statements: This earnings release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not statements of historical fact, including, but not limited to, statements regarding our Q4 and full year 2024 guidance, operational reset of our business, our competitive positioning, profitability, cost action plans and associated cost-savings. Such forward-looking statements can generally be identified by the use of forward-looking terms such as "believes," "expects," "may," "intends," "will," "shall," "should," "anticipates," "opportunity," "illustrative," or the negative thereof or other variations thereon or comparable terminology. Although Petco believes that the expectations and assumptions reflected in these statements are reasonable, there can be no assurance that these expectations will prove to be correct or that any forward-looking results will occur or be realized. Nothing contained in this earnings release is, or should be relied upon as, a promise or representation or warranty as to any future matter, including any matter in respect of the operations or business or financial condition of Petco. All forward-looking statements are based on current expectations and assumptions about future events that may or may not be correct or necessarily take place and that are by their nature subject to significant uncertainties and contingencies, many of which are outside the control of Petco. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from the potential results or events discussed in the forward-looking statements, including, without limitation, those identified in this earnings release as well as the following: (i) increased competition (including from multi-channel retailers, mass and grocery retailers, and e-Commerce providers); (ii) reduced consumer demand for our products and/or services; (iii) our reliance on key vendors; (iv) our ability to attract and retain qualified employees; (v) risks arising from statutory, regulatory and/or legal developments; (vi) macroeconomic pressures in the markets in which we operate, including inflation, prevailing interest rates and the impact of tariffs; (vii) failure to effectively manage our costs; (viii) our reliance on our information technology systems; (ix) our ability to prevent or effectively respond to a data privacy or security breach; (x) our ability to effectively manage or integrate strategic ventures, alliances or acquisitions and realize the anticipated benefits of such transactions; (xi) economic or regulatory developments that might affect our ability to provide attractive promotional financing; (xii) business interruptions and other supply chain issues; (xiii) catastrophic events, political tensions, conflicts and wars (such as the ongoing conflicts in Ukraine and the Middle East ), health crises, and pandemics; (xiv) our ability to maintain positive brand perception and recognition; (xv) product safety and quality concerns; (xvi) changes to labor or employment laws or regulations; (xvii) our ability to effectively manage our real estate portfolio; (xviii) constraints in the capital markets or our vendor credit terms; (xix) changes in our credit ratings; (xx) impairments of the carrying value of our goodwill and other intangible assets; (xxi) our ability to successfully implement our operational adjustments, achieve the expected benefits of our cost action plans and drive improved profitability; and (xxii) the other risks, uncertainties and other factors identified under "Risk Factors" and elsewhere in Petco's Securities and Exchange Commission filings. The occurrence of any such factors could significantly alter the results set forth in these statements. Petco cautions that the foregoing list of risks, uncertainties and other factors is not complete, and forward-looking statements speak only as of the date they are made. Petco undertakes no duty to update publicly any such forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority. PETCO HEALTH AND WELLNESS COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited and subject to reclassification) 13 Weeks Ended November 2, 2024 October 28, 2023 Percent Change Net sales: Products $ 1,263,194 $ 1,257,803 0 % Services and other 248,243 236,363 5 % Total net sales 1,511,437 1,494,166 1 % Cost of sales: Products 782,240 787,994 (1 %) Services and other 153,440 156,171 (2 %) Total cost of sales 935,680 944,165 (1 %) Gross profit 575,757 550,001 5 % Selling, general and administrative expenses 571,780 559,611 2 % Goodwill impairment — 1,222,524 (100 %) Operating income (loss) 3,977 (1,232,134) N/M Interest income (1,346) (1,139) 18 % Interest expense 35,797 36,557 (2 %) Loss on partial extinguishment of debt — 174 (100 %) Other non-operating income (8,465) (113) 7,391 % Loss before income taxes and income from equity method investees (22,009) (1,267,613) (98 %) Income tax benefit (857) (22,902) (96 %) Income from equity method investees (4,479) (3,574) 25 % Net loss attributable to Class A and B-1 common stockholders $ (16,673) $ (1,241,137) (99 %) Net loss per Class A and B-1 common share: Basic $ (0.06) $ (4.63) (99 %) Diluted $ (0.06) $ (4.63) (99 %) Weighted average shares used in computing net loss per Class A and B-1 common share: Basic 274,495 267,852 2 % Diluted 274,495 267,852 2 % PETCO HEALTH AND WELLNESS COMPANY, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except per share amounts) (Unaudited and subject to reclassification) November 2, 2024 February 3, 2024 ASSETS Current assets: Cash and cash equivalents $ 116,675 $ 125,428 Receivables, less allowance for credit losses 1 40,432 44,369 Merchandise inventories, net 690,291 684,502 Prepaid expenses 46,720 58,615 Other current assets 37,665 38,830 Total current assets 931,783 951,744 Fixed assets 2,233,558 2,173,015 Less accumulated depreciation (1,493,752) (1,356,648) Fixed assets, net 739,806 816,367 Operating lease right-of-use assets 1,328,398 1,384,050 Goodwill 980,064 980,297 Trade name 1,025,000 1,025,000 Other long-term assets 206,429 205,694 Total assets $ 5,211,480 $ 5,363,152 LIABILITIES AND EQUITY Current liabilities: Accounts payable and book overdrafts $ 447,673 $ 485,131 Accrued salaries and employee benefits 129,486 101,265 Accrued expenses and other liabilities 190,789 200,278 Current portion of operating lease liabilities 340,437 310,507 Current portion of long-term debt and other lease liabilities 5,294 15,962 Total current liabilities 1,113,679 1,113,143 Senior secured credit facilities, net, excluding current portion 1,576,856 1,576,223 Operating lease liabilities, excluding current portion 1,064,322 1,116,615 Deferred taxes, net 210,708 251,629 Other long-term liabilities 123,077 121,113 Total liabilities 4,088,642 4,178,723 Commitments and contingencies Stockholders' equity: Class A common stock 2 237 231 Class B-1 common stock 3 38 38 Class B-2 common stock 4 — — Preferred stock 5 — — Additional paid-in-capital 2,271,052 2,229,582 Accumulated deficit (1,135,221) (1,047,243) Accumulated other comprehensive (loss) income (13,268) 1,821 Total stockholders' equity 1,122,838 1,184,429 Total liabilities and stockholders' equity $ 5,211,480 $ 5,363,152 (1) Allowances for credit losses are $1,623 and $1,806, respectively (2) Class A common stock, $0.001 par value: Authorized - 1.0 billion shares; Issued and outstanding - 237.2 million and 231.2 million shares, respectively (3) Class B-1 common stock, $0.001 par value: Authorized - 75.0 million shares; Issued and outstanding - 37.8 million shares (4) Class B-2 common stock, $0.000001 par value: Authorized - 75.0 million shares; Issued and outstanding - 37.8 million shares (5) Preferred stock, $0.001 par value: Authorized - 25.0 million shares; Issued and outstanding - none PETCO HEALTH AND WELLNESS COMPANY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited and subject to reclassification) 39 Weeks Ended November 2, 2024 October 28, 2023 Cash flows from operating activities: Net loss $ (87,979) $ (1,257,635) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 149,414 148,593 Amortization of debt discounts and issuance costs 3,661 3,658 Provision for deferred taxes (35,629) (35,164) Equity-based compensation 40,705 64,431 Impairments, write-offs and losses on sale of fixed and other assets 8,449 2,202 Loss on partial extinguishment of debt — 920 Income from equity method investees (13,557) (10,032) Amounts reclassified out of accumulated other comprehensive (loss) income (3,035) 674 Goodwill impairment — 1,222,524 Non-cash operating lease costs 311,347
Lana Del Rey has announced her 10th album “The Right Person Will Stay,” which will be released on May 21. “So grateful that my 13 tracks came together with my beautiful work between Luke Jack and Drew Erickson amongst others,” she wrote in a post on social media. “Happy for you to hear a few songs coming up before Stagecoach 🚴 🧣 starting with Henry. Love Always.” In the Instagram post, she tagged frequent collaborator Jack Antonoff, Luke Laird, Drew Erickson and Caroline “Chuck” Grant, her younger sister. Antonoff and Erickson contributed to her last album, 2023’s “Did You Know That There’s a Tunnel Under Ocean Blvd,” while Laird is a country songwriter and producer known for his work with Carrie Underwood, Eric Church and Thomas Rhett. In January, the singer teased the song “Henry, Come On.” At the time, she posted a snippet of the track on Instagram, tagging Laird in it. It’s long been suspected that Del Rey was next going to release “Lasso,” a country album that she announced earlier this year during an appearance at Billboard’s pre-Grammy event in Los Angeles. “If you can’t already tell by our award winners and our performers, the music business is going country,” she was reported telling the crowd. “We’re going country. It’s happening. That’s why Jack [Antonoff] has followed me to Muscle Shoals, Nashville, Mississippi, over the last four years.” At the time, Del Rey said the album would be released in September. Earlier this morning, Del Rey announced a 2025 tour of the United Kingdom and Ireland, kicking off on June 23 in Cardiff, Wales. She’s scheduled to play Stagecoach in April.Here Are 4 Unbelievable Buying Opportunities In The Crypto Market Right NowMired in last place in the NHL standings amid a rebuilding process, the Chicago Blackhawks dismissed coach Luke Richardson on Thursday and named Anders Sorensen interim coach. In two-plus seasons with the Blackhawks, the 55-year-old Richardson posted a 57-118-15 record, including an 8-16-2 start to this season, in his first stint as a head coach. Chicago posted 59 points in his first season, then regressed to 52 in 2023-24, despite having No. 1 overall pick and 2024 Calder Trophy winner Connor Bedard on the roster. "Today I made the difficult decision to move on from Luke as our head coach. We thank him for his efforts and contributions to the organization and our community," Chicago general manager Kyle Davidson said in a statement. "As we have begun to take steps forward in our rebuilding process, we felt that the results did not match our expectations for a higher level of execution this season and ultimately came to the decision that a change was necessary. We wish Luke and his family all the best moving forward." The 49-year-old Sorensen had been the coach of the Blackhawks' AHL affiliate, the Rockford IceHogs. He will be succeeded at Rockford by Mark Eaton on an interim basis. Eaton is the Blackhawks' assistant general manager overseeing player development. "On behalf of the entire Blackhawks organization, I'd like to thank Luke for his dedication over the past three seasons," Blackhawks chairman and CEO Danny Wirtz said in a statement. "I fully support Kyle's decision in making this change as he continues to do what is needed to move our team forward. I have the utmost confidence in him and the rest of our Hockey Operations team as they begin their search for the next head coach of the Chicago Blackhawks." Richardson was the Toronto Maple Leafs' first-round pick (No. 7 overall) in 1987 and posted 201 points (35 goals, 166 assists) in 1,417 games over 21 seasons. Playing for six teams, the Ottawa native also amassed 2,055 penalty minutes.
STAMFORD, Conn., Dec. 05, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand, today announced that it will release its financial results for the third quarter of fiscal 2025 before market open on Thursday, December 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours of the conclusion of the call and can be accessed online at investor.lovesac.com for 90 days. About The Lovesac Company Based in Stamford, Connecticut, The Lovesac Company (NASDAQ: LOVE) is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed for Life approach which results in products that are built to last a lifetime and designed to evolve as customers' lives do. The current product offering is comprised of modular couches called Sactionals, premium foam beanbag chairs called Sacs, the Sactionals StealthTech Sound + Charge System, and the most recently launched PillowSacTM Accent Chair. As a recipient of Repreve's 7th Annual Champions of Sustainability Award, responsible production and innovation are at the center of the brand's design philosophy with products protected by a robust portfolio of utility patents. Products are marketed and sold primarily online directly at www.lovesac.com, supported by direct-to-consumer touch points in the form of our own showrooms, as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, DESIGNED FOR LIFE, SACTIONALS, SAC, SEAT, and STEALTHTECH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office. Investor Relations Contacts: Caitlin Churchill, ICR (203) 682-8200 InvestorRelations@lovesac.comLauren Boebert briefly joins Cameo, charging $250+ for personalized video messages