FARR WEST, Utah , March 6, 2025 /PRNewswire/ -- Associated Food Stores (AFS), a leading provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (Nasdaq: SYM) announced the successful activation of an ambitious warehouse modernization initiative at AFS' Utah distribution center. This milestone advances AFS' 85-year commitment to...
Markets have hit shares of robotic warehouse systems company Symbotic NASDAQ: SYM hard over the past 52 weeks. Shares of the industrials stock have lost nearly 37% of their value as of the Feb. 13 close.
NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Symbotic, Inc (NASDAQ: SYM) on behalf of long-term stockholders following a class action complaint that was filed against Symbotic on December 3, 2024 with a Class Period from February 8, 2024 to November 26, 2024. Our investigat...
Symbotic's Q1 results and forward guidance were disappointing, with stagnant system deployments and backlog as particular points of concern. Symbotic's revenue is extremely concentrated, and the recent acquisition of Walmart's robotics business will only exacerbate this. Symbotic's valuation is still high given its slowing growth, low margins, and dependence on Walmart.
Symbotic, Inc. (NASDAQ:SYM ) Q1 2025 Results Conference Call February 5, 2025 5:00 PM ET Company Participants Charlie Anderson - Vice President, Investor Relations Rick Cohen - Chairman and Chief Executive Officer Carol Hibbard - Chief Financial Officer Conference Call Participants Nicole DeBlase - Deutsche Bank Andrew Kaplowitz - Citigroup Damian Karas - UBS Joe Giordano - TD Cowen Ross Sparen...
WILMINGTON, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its first fiscal quarter of 2025, ended December 28, 2024. Symbotic posted revenue of $487 million, a net loss of $19 million and adjusted EBITDA1 of $18 million for the first quarter of fiscal 2025. In the first qua...
LOS ANGELES , Feb. 4, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Symbotic Inc. ("Symbotic" or "the Company") (NASDAQ: SYM) for violations of the federal securities laws. Shareholders who purchased the Company's securities between February 8, 2024 and November 26, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before Febr...
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