We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Manchester United (MANU) Unveils Official E-Commerce Partner
Read MoreHide Full Article
Manchester United plc (MANU - Free Report) has chosen SCAYLE to be its official e-commerce platform partner, which is expected to launch later this year.
The company entered into this partnership hoping to house the most modern e-commerce platform in the industry, which is subject to continuous enhancements post launch. The ongoing evolution of the new platform aligns with the company’s goal of offering a top-tier direct-to-consumer experience for its global fan base.
Moreover, in consideration of its fans’ satisfactory element, Manchester United appointed the newly partnered company to operate a new direct-to-consumer platform, which is based on and utilizes the SCAYLE commerce engine. This appointment aims to provide a captivating and personalized experience, having the ability to swiftly adapt to fast-changing requirements.
The company is optimistic on the new strategic partnership with SCAYLE as it believes to have achieved a milestone through it, dedicated to enhancing its fans’ e-commerce experience.
Strategic Collaborations Bode Well
Manchester United intently focuses on strategic collaborations to increase and diversify its product offerings, aimed to cater to the ever-changing demand preferences of its customer fan base. In 2023, the company reported seven collaborations having a mix of new and renewed contracts.
Recently, on Dec 8, 2023, it extended its long-term partnership with MLILY to further enhance and improve the wide range of high-quality and comfortable relaxation product offerings for its players as well as consumers. Furthermore, on Nov 16, 2023, MANU announced a multi-year global partnership with WOW HYDRATE, making it the official sports hydration partner. This partnership aims to deliver high-impact campaigns, highlighting the popular drinks brand with United’s global fanbase.
Image Source: Zacks Investment Research
Shares of MANU have gained 9.5% in the past three months, underperforming the Zacks Leisure and Recreation Services industry’s 22% growth. Nonetheless, the company’s uptrend in ticket sales and attendance, attributable to its accretive collaboration initiatives, is likely to spark growth momentum in the upcoming period.
Zacks Rank & Key Picks
Manchester United currently carries a Zacks Rank #4 (Sell).
It has a trailing four-quarter earnings surprise of 94.5%, on average. The stock has lost 34% in the past year. The Zacks Consensus Estimate for HTHT’s 2024 sales and earnings per share (EPS) indicates an improvement of 7.9% and 9.8%, respectively, from the year-ago levels.
Atour Lifestyle Holdings Limited (ATAT - Free Report) sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 15.5%, on average. The stock has plunged 33.7% in the past year.
The Zacks Consensus Estimate for ATAT’s 2024 sales and EPS implies growth of 14.2% and 48.6%, respectively, from the year-ago levels.
Acushnet Holdings Corp. (GOLF - Free Report) currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 49.9%, on average. The stock has gained 44.5% in the past year.
The Zacks Consensus Estimate for GOLF’s 2024 sales and EPS suggests growth of 2.5% and 5%, respectively, from the year-ago levels.
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Manchester United (MANU) Unveils Official E-Commerce Partner
Manchester United plc (MANU - Free Report) has chosen SCAYLE to be its official e-commerce platform partner, which is expected to launch later this year.
The company entered into this partnership hoping to house the most modern e-commerce platform in the industry, which is subject to continuous enhancements post launch. The ongoing evolution of the new platform aligns with the company’s goal of offering a top-tier direct-to-consumer experience for its global fan base.
Moreover, in consideration of its fans’ satisfactory element, Manchester United appointed the newly partnered company to operate a new direct-to-consumer platform, which is based on and utilizes the SCAYLE commerce engine. This appointment aims to provide a captivating and personalized experience, having the ability to swiftly adapt to fast-changing requirements.
The company is optimistic on the new strategic partnership with SCAYLE as it believes to have achieved a milestone through it, dedicated to enhancing its fans’ e-commerce experience.
Strategic Collaborations Bode Well
Manchester United intently focuses on strategic collaborations to increase and diversify its product offerings, aimed to cater to the ever-changing demand preferences of its customer fan base. In 2023, the company reported seven collaborations having a mix of new and renewed contracts.
Recently, on Dec 8, 2023, it extended its long-term partnership with MLILY to further enhance and improve the wide range of high-quality and comfortable relaxation product offerings for its players as well as consumers. Furthermore, on Nov 16, 2023, MANU announced a multi-year global partnership with WOW HYDRATE, making it the official sports hydration partner. This partnership aims to deliver high-impact campaigns, highlighting the popular drinks brand with United’s global fanbase.
Image Source: Zacks Investment Research
Shares of MANU have gained 9.5% in the past three months, underperforming the Zacks Leisure and Recreation Services industry’s 22% growth. Nonetheless, the company’s uptrend in ticket sales and attendance, attributable to its accretive collaboration initiatives, is likely to spark growth momentum in the upcoming period.
Zacks Rank & Key Picks
Manchester United currently carries a Zacks Rank #4 (Sell).
Here are some better-ranked stocks from the Zacks Consumer Discretionary sector.
H World Group Limited (HTHT - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
It has a trailing four-quarter earnings surprise of 94.5%, on average. The stock has lost 34% in the past year. The Zacks Consensus Estimate for HTHT’s 2024 sales and earnings per share (EPS) indicates an improvement of 7.9% and 9.8%, respectively, from the year-ago levels.
Atour Lifestyle Holdings Limited (ATAT - Free Report) sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 15.5%, on average. The stock has plunged 33.7% in the past year.
The Zacks Consensus Estimate for ATAT’s 2024 sales and EPS implies growth of 14.2% and 48.6%, respectively, from the year-ago levels.
Acushnet Holdings Corp. (GOLF - Free Report) currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 49.9%, on average. The stock has gained 44.5% in the past year.
The Zacks Consensus Estimate for GOLF’s 2024 sales and EPS suggests growth of 2.5% and 5%, respectively, from the year-ago levels.