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SPAR Group Announces Share Repurchase Authorization

Retrieved on:

Wednesday, April 3, 2024

AUBURN HILLS, Mich., April 03, 2024 (GLOBE NEWSWIRE) -- SPAR Group , Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, announces the filing of a plan approved by the Board of Directors for a repurchase of up to 2,500,000 of SGRP’s shares of common stock.

Key Points:

AUBURN HILLS, Mich., April 03, 2024 (GLOBE NEWSWIRE) -- SPAR Group , Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, announces the filing of a plan approved by the Board of Directors for a repurchase of up to 2,500,000 of SGRP’s shares of common stock.
“Our new stock repurchase plan authorization provides a means to opportunistically buy back our stock and return value to shareholders.
This is one of many initiatives we are implementing to create long-term value for our shareholders, while we prudently manage our balance sheet and focus on growth,” said Mike Matacunas, SPAR Group CEO.
The plan has been filed with the SEC effective today, April 3, 2024.

SPAR Group, Inc. Reports Fourth Quarter and Full Year Fiscal 2023 Results

Retrieved on:

Monday, April 1, 2024

Growth, SPAR, International, Domestic, Sale, More (store), Investment, Marketing, Music

Mike Matacunas, the Company’s President and Chief Executive Officer, commented, “Fiscal 2023 was a pivotal year for the Company.

Key Points:

Mike Matacunas, the Company’s President and Chief Executive Officer, commented, “Fiscal 2023 was a pivotal year for the Company.
“Finally, I want to thank our employees for their hard work and dedication that fueled our growth in fiscal 2023.
Operating income was $2.7 million in the current year's fourth quarter compared to an operating loss of $760 thousand in the year-ago quarter.
Adjusted EBITDA attributable to SPAR Group, Inc. (1) in the 2023 quarter was $3.9 million, compared to $2.3 million in the prior year.

SPAR Group, Inc. Announces Timing of Fourth Quarter and Fiscal Year 2023 Results Conference Call

Retrieved on:

Thursday, March 28, 2024

International, Webcast, More (store), Marketing, Q&A, SPAR, Software

AUBURN HILLS, Mich., March 28, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal fourth quarter and full year 2023 results on Monday, April 1, 2024, before the market opens.

Key Points:

AUBURN HILLS, Mich., March 28, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal fourth quarter and full year 2023 results on Monday, April 1, 2024, before the market opens.
Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes before the call and ask to be joined into the SPAR Group call.
A replay will be available through April 8th by dialing 1-877-344-7529 and using the conference ID: 5412020#.
Connect to the webcast via the Events and Presentations page of SPAR Group’s Investor Relations website at https://investors.sparinc.com/events-and-presentations .

SPAR CONTRACTED OMNIQ TO DEPLOY SELF-CHECKOUT SOLUTIONS AND ADVANCED ESL SYSTEM IN THEIR NEW ISRAELI MARKET

Retrieved on:

Monday, March 25, 2024

Spar (retailer), SPAR, Environment, More (store), Partnership, Supermarket, Fintech, ESL, Artificial intelligence, State, Retail

OMNIQ Contracted by SPAR International to install a State-of-the-Art comprehensive in-store System with remotely managed (ESL)Electronic Shelf Labels and the most user-friendly Self-Checkout equipment.

Key Points:

OMNIQ Contracted by SPAR International to install a State-of-the-Art comprehensive in-store System with remotely managed (ESL)Electronic Shelf Labels and the most user-friendly Self-Checkout equipment.
OMNIQ’s Shelf Labeling (ESL) solutions offer advantages in performance, with a centralized administration enabling full control of prices, eliminating the need to print paper labels for every price/merchandise change on the shelves.
The Netherlands-based retailer operates in 49 countries and has recently expanded to the Israeli market.
By integrating OMNIQ’s solutions, SPAR aims to significantly reduce wait times, improve operational efficiency, and foster a more sustainable shopping environment.

SPAR Group Announces Sale of Interest in South Africa and Brazil

Retrieved on:

Monday, April 1, 2024

Supply Chain Management, Marketing, Retail, Communications, Discount, Variety, Public Relations, Investor Relations, Growth, BRL, Form, More (store), Sale, Form 10-K, Software, SAAS, Landing slot

SPAR Group , Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, announces the sale of its majority share in South Africa’s Meridian Group to the minority shareholder Lindicom for R181 million and the sale of SGRP Brasil Participações Ltda for 58.9 million BRL to a minority shareholder.

Key Points:

SPAR Group , Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, announces the sale of its majority share in South Africa’s Meridian Group to the minority shareholder Lindicom for R181 million and the sale of SGRP Brasil Participações Ltda for 58.9 million BRL to a minority shareholder.
These transactions have been approved by the SPAR Board of Directors and are expected to close in the second quarter.
Our divestitures of China, Australia, and National Merchandising Services joint ventures, as well as the sales of South Africa and Brazil included as Subsequent Event disclosures in the Form 10-K filed today, reflect the actions and results of our larger plan,” said Mike Matacunas, SPAR Group CEO.
We are confident that streamlining the operations and finances at SPAR Group will allow us to accelerate growth and generate better returns for our shareholders.”
As part of the divestiture agreements, Australia and The Meridian Group have also entered into software as a service (SAAS) agreements with SPAR Group to continue the use of SPAR’s technology.

SPAR Group Sells Interest in China Joint Venture

Retrieved on:

Tuesday, February 27, 2024

Marketing, Growth, More (store), Sale, SPAR

AUBURN HILLS, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing and distribution services, reports the sale of its ownership interest in SPAR China, the joint venture based in Shanghai.

Key Points:

AUBURN HILLS, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing and distribution services, reports the sale of its ownership interest in SPAR China, the joint venture based in Shanghai.
“As we continue to evaluate strategic alternatives for the business, we are simplifying our operating and financial structure.
At the same time, we are focused on building our core business that has experienced strong demand and growth over the last three years,” said Mike Matacunas, President and CEO, SPAR Group.
This is a good time to invest in SPAR Group.”

SPAR Group Sells Interest in Australia and NMS Joint Ventures

Retrieved on:

Wednesday, January 10, 2024

Marketing, Communications, Growth, More (store), Sale

SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing and distribution services, reports the sale of its ownership interest in SPARFacts, Australia and the National Merchandising Services U.S. joint venture.

Key Points:

SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing and distribution services, reports the sale of its ownership interest in SPARFacts, Australia and the National Merchandising Services U.S. joint venture.
“As we continue our evaluation of strategic alternatives for the business, we are simplifying our operations and focusing on tangible value creation for our shareholders.
These changes will improve our consolidated financial performance and balance sheet, while enabling leadership to be more targeted on growth and expanding client opportunities,” said Mike Matacunas, President and CEO, SPAR Group.
This change gives us more time and resources to drive business and deliver positive results for our shareholders.”

SPAR Group, Inc. Reports Third Quarter Fiscal 2023 Results

Retrieved on:

Tuesday, November 14, 2023

International, Domestic, Marketing, System, SPAR, More (store), Adjustment, Growth, Video game, Bookkeeping, Pharmaceutical industry, Music, Holding company

AUBURN HILLS, Mich., Nov. 14, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and nine months ended September 30, 2023.

Key Points:

AUBURN HILLS, Mich., Nov. 14, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and nine months ended September 30, 2023.
Consolidated Adjusted EBITDA (1) in the 2023 quarter was $2.5 million, comparable to $2.5 million in the prior year.
Adjusted EBITDA attributable to SPAR Group, Inc. (1) in the 2023 quarter was $1.5 million, compared to $1.2 million in the prior year.
The Company will conduct a conference call today at 10:00 a.m Eastern Time to discuss financial and operating results for the third quarter and nine months ended September 30, 2023.

SPAR Group, Inc. Announces Timing of Third Quarter Fiscal 2023 Results Conference Call

Retrieved on:

Tuesday, November 7, 2023

SPAR, Q&A, More (store), Marketing, Webcast, International, Software, Film industry

AUBURN HILLS, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal third quarter 2023 results on Tuesday, November 14, 2023, before the market opens.

Key Points:

AUBURN HILLS, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal third quarter 2023 results on Tuesday, November 14, 2023, before the market opens.
Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes before the call and ask to be joined into the SPAR Group call.
A replay will be available through November 21st by dialing 1-877-344-7529 and using the conference ID: 2719462#.
Connect to the webcast via the Events and Presentations page of SPAR Group’s Investor Relations website at https://investors.sparinc.com/events-and-presentations .

Philippine Daily Inquirer and Statista recognize 5 SM Companies for best customer service

Retrieved on:

Thursday, October 26, 2023

This particular insight comes to mind, "It's important that I never lose touch with the pulse of my shoppers," he said, highlighting SM's distinct culture of customer service.

Key Points:

This particular insight comes to mind, "It's important that I never lose touch with the pulse of my shoppers," he said, highlighting SM's distinct culture of customer service.
Five companies from the SM Group are recognized as having the Best Customer Service in the Philippines conferred by local broadsheet Philippine Daily Inquirer and Statista, a Germany-based data and business intelligence portal.
"Our communities are at the heart of everything that we do here at SM," said Frederic C. DyBuncio, SM Investments President and Chief Executive Officer.
BDO Unibank Inc., (BDO), SM Markets and SM Cinema clinched the top spots in the categories of Insurance, Supermarkets, and Movie Theaters, respectively.