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BJ's Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2025 Results

BJ's Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2025 Results

Yahoo22-05-2025

Strong execution, membership and traffic drove first quarter results
First Quarter Fiscal 2025 Highlights
Comparable club sales increased by 1.6% year-over-year
Comparable club sales, excluding gasoline sales, increased by 3.9% year-over-year, led by traffic growth
Membership fee income increased by 8.1% year-over-year to $120.4 million
Digitally enabled comparable sales growth was 35%, reflecting two-year stacked comp growth of 56%
Earnings per diluted share of $1.13 and adjusted earnings per diluted share of $1.14
The Company opened five new clubs and four new gas stations
MARLBOROUGH, Mass., May 22, 2025--(BUSINESS WIRE)--BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) (the "Company") today announced its financial results for the thirteen weeks ended May 3, 2025.
"We reported a strong start to the year, demonstrating the power of our model and continued momentum in our long-term growth priorities," said Bob Eddy, Chairman and Chief Executive Officer, BJ's Wholesale Club. "Delivering great value is essential in today's environment, and I am proud of our team members who remain committed to taking care of the families who depend on us."
Key Measures for the Thirteen Weeks Ended May 3, 2025 (First Quarter of Fiscal 2025):
BJ'S WHOLESALE CLUB HOLDINGS, INC.
(Amounts in thousands, except per share amounts)
Thirteen Weeks Ended
May 3, 2025
Thirteen Weeks Ended
May 4, 2024
%
Growth
Net sales
$
5,033,094
$
4,807,129
4.7
%
Membership fee income
120,389
111,390
8.1
%
Total revenues
5,153,483
4,918,519
4.8
%
Operating income
203,645
160,755
26.7
%
Net income
149,768
111,019
34.9
%
EPS (a)
1.13
0.83
36.1
%
Adjusted net income (b)
150,875
113,408
33.0
%
Adjusted EPS (b)
1.14
0.85
34.1
%
Adjusted EBITDA (b)
285,836
236,386
20.9
%
Basic weighted-average shares outstanding
131,569
132,397
Diluted weighted-average shares outstanding
132,749
134,111
(a) EPS represents net income per diluted share.
(b) See "Note Regarding Non-GAAP Financial Information."
Additional Highlights:
Total comparable club sales increased by 1.6% in the first quarter of fiscal 2025 compared to the first quarter of fiscal 2024. Excluding the impact of gasoline sales, comparable club sales increased by 3.9% in the first quarter of fiscal 2025 compared to the first quarter of fiscal 2024.
Membership fee income increased to $120.4 million in the first quarter of fiscal 2025 from $111.4 million in the first quarter of fiscal 2024. The increase was primarily driven by strength in membership acquisition, retention and higher tier membership penetration across both new and existing clubs, as well as the increase in annual membership fees which became effective in January 2025.
Gross profit increased to $969.5 million in the first quarter of fiscal 2025 from $883.4 million in the first quarter of fiscal 2024. Merchandise gross margin rate, which excludes gasoline sales and membership fee income, increased by 30 basis points over the same quarter of fiscal 2024. The Company continues to manage the business to drive profitable growth across the broader merchandise assortment.
Selling, general and administrative expenses ("SG&A") increased to $760.9 million in the first quarter of fiscal 2025 compared to $721.8 million in the first quarter of fiscal 2024. The increase was primarily driven by increased labor and occupancy costs as a result of new club and gas station openings. Additionally, an increase in the number of owned clubs has resulted in increased depreciation expense year-over-year.
Income before income taxes increased to $192.5 million in the first quarter of fiscal 2025 compared to $146.8 million in the first quarter of fiscal 2024.
Income tax expense increased to $42.8 million in the first quarter of fiscal 2025 compared to $35.8 million in the first quarter of fiscal 2024. The increase in income tax expense is driven by an increase in income before income taxes compared to the prior year period, partially offset by an increase in tax benefits from stock-based compensation.
Net income increased to $149.8 million in the first quarter of fiscal 2025 compared to $111.0 million in the first quarter of fiscal 2024.
Adjusted EBITDA increased by 20.9% to $285.8 million in the first quarter of fiscal 2025 compared to $236.4 million in the first quarter of fiscal 2024.
Under its existing share repurchase program, the Company repurchased 55,000 shares of common stock, totaling $6.2 million, inclusive of associated costs, in the first quarter of fiscal 2025.
Fiscal 2025 Ending January 31, 2026 Outlook
"As we look to fiscal 2025, we are confident in our team, our positioning in the marketplace and the growth drivers that are within our control. We will remain focused on executing against our long-term priorities to drive continued traffic and market share gains," said Laura Felice, Executive Vice President, Chief Financial Officer, BJ's Wholesale Club. "Based on what we know today, we are leaving our fiscal 2025 guidance unchanged, and will continue to evaluate as the year progresses."
On March 6, 2025, the Company provided the following guidance for fiscal 2025:
Comparable club sales, excluding the impact of gasoline sales, to increase 2.0% to 3.5% year-over-year
Adjusted EPS to range from $4.10 to $4.30
Capital expenditures of approximately $800 million
Conference Call Details
A conference call to discuss the first quarter of fiscal 2025 financial results is scheduled for today, May 22, 2025, at 8:30 A.M. Eastern Time. The live audio webcast of the call can be accessed under the "Events & Presentations" section of the Company's investor relations website at https://investors.bjs.com and will remain available for one year. Participants may also dial (833) 470-1428 within the U.S. or +1 (929) 526-1599 outside the U.S. and reference conference ID 221377.
About BJ's Wholesale Club Holdings, Inc.
BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: "We take care of the families who depend on us." The Company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials and gas. In addition, BJ's offers the latest technology, home decor, apparel, seasonal items and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the Company pioneered the warehouse club model in New England in 1984 and currently operates 255 clubs and 190 BJ's Gas® locations in 21 states. For more information, please visit us at www.bjs.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our future results of operations and financial position; our anticipated fiscal 2025 outlook; our membership fee increases; the timing and amounts of any share repurchases under our current authorized share repurchase program; and our strategic priorities and future progress, as well as statements that include the words "expect," "intend," "plan," "confident," "believe," "project," "forecast," "estimate," "may," "should," "anticipate" and similar statements of a future or forward-looking nature. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: uncertainties in the financial markets, including, without limitation, as a result of disruptions and instability in the banking and financial services industries or as a result of wars and global political conflicts, consumer and small business spending patterns and debt levels; our dependence on having a large and loyal membership; domestic and international economic conditions, including volatility in inflation or interest rates, supply chain disruptions, construction delays and exchange rates; our ability to procure the merchandise we sell at the best possible prices; the effects of competition and regulation; our dependence on vendors to supply us with quality merchandise at the right time and at the right price; breaches of security or privacy of member or business information; conditions affecting the acquisition, development, ownership or use of real estate; our capital spending; actions of vendors; our ability to attract and retain a qualified management team and other team members; costs associated with employees (generally including health care costs), energy and certain commodities, geopolitical conditions (including tariffs); changes in our product mix or in our revenues from gasoline sales; our failure to successfully maintain a relevant digital experience for our members; risks related to our growth strategy to open new clubs; risks related to our e-commerce business; our ability to grow our BJ's One Mastercard® program; and other important factors discussed under the caption "Risk Factors" in our Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC") on March 14, 2025, and subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, unless required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. Thus, one should not assume that our silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Non-GAAP Financial Measures
We refer to certain financial measures that are not recognized under United States generally accepted accounting principles ("GAAP"). Please see "Note Regarding Non-GAAP Financial Information" and "Reconciliation of GAAP to Non-GAAP Financial Information" below for additional information and a reconciliation of the Non-GAAP financial measures to the most comparable GAAP financial measures.
BJ'S WHOLESALE CLUB HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share amounts)
(Unaudited)
Thirteen Weeks Ended
May 3, 2025
Thirteen Weeks Ended
May 4, 2024
Net sales
$
5,033,094
$
4,807,129
Membership fee income
120,389
111,390
Total revenues
5,153,483
4,918,519
Cost of sales
4,183,984
4,035,129
Selling, general and administrative expenses
760,880
721,771
Pre-opening expenses
4,974
864
Operating income
203,645
160,755
Interest expense, net
11,099
13,951
Income before income taxes
192,546
146,804
Provision for income taxes
42,778
35,785
Net income
$
149,768
$
111,019
Income per share attributable to common stockholders—basic:
$
1.14
$
0.84
Income per share attributable to common stockholders—diluted:
$
1.13
$
0.83
Weighted-average number of shares outstanding:
Basic
131,569
132,397
Diluted
132,749
134,111
BJ'S WHOLESALE CLUB HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except per share amounts)
(Unaudited)
May 3, 2025
May 4, 2024
ASSETS
Current assets:
Cash and cash equivalents
$
39,484
$
35,094
Accounts receivable, net
240,419
225,199
Merchandise inventories
1,567,032
1,533,310
Prepaid expense and other current assets
81,833
85,048
Total current assets
1,928,768
1,878,651
Operating lease right-of-use assets, net
2,065,890
2,159,955
Property and equipment, net
1,988,290
1,620,255
Goodwill
1,008,816
1,008,816
Intangibles, net
99,697
106,001
Deferred income taxes
7,615
2,693
Other assets
58,596
48,356
Total assets
$
7,157,672
$
6,824,727
LIABILITIES
Current liabilities:
Short-term debt
$
150,000
$
270,000
Current portion of operating lease liabilities
169,568
156,914
Accounts payable
1,255,867
1,264,873
Accrued expenses and other current liabilities
934,974
834,053
Total current liabilities
2,510,409
2,525,840
Long-term operating lease liabilities
1,977,180
2,069,587
Long-term debt
398,880
398,509
Deferred income taxes
55,386
74,804
Other non-current liabilities
244,232
228,567
STOCKHOLDERS' EQUITY
1,971,585
1,527,420
Total liabilities and stockholders' equity
$
7,157,672
$
6,824,727
BJ'S WHOLESALE CLUB HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands, except per share amounts)
(Unaudited)
Thirteen Weeks Ended
May 3, 2025
Thirteen Weeks Ended
May 4, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
$
149,768
$
111,019
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
69,665
63,422
Amortization of debt issuance costs and accretion of original issue discount
273
277
Stock-based compensation expense
10,654
8,590
Deferred income tax (benefit) provision
(4,913
)
1,409
Changes in operating leases and other non-cash items
(24,397
)
2,922
Increase (decrease) in cash due to changes in:
Accounts receivable, net
39,735
3,491
Merchandise inventories
(58,044
)
(78,488
)
Accounts payable
2,355
81,592
Accrued expenses and other current liabilities
24,783
19,316
Other operating assets and liabilities, net
(1,786
)
(12,703
)
Net cash provided by operating activities
208,093
200,847
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment, net of disposals and proceeds from sale-leaseback transactions
(140,497
)
(105,741
)
Other investing activities
(1,794
)

Net cash used in investing activities
(142,291
)
(105,741
)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from revolving lines of credit
66,000
193,000
Payments on revolving lines of credit
(91,000
)
(242,000
)
Net cash received from stock option exercises
5,014
5,865
Acquisition of treasury stock
(41,305
)
(57,256
)
Proceeds from financing obligations
8,721
6,044
Other financing activities
(2,020
)
(1,714
)
Net cash used in financing activities
(54,590
)
(96,061
)
Net increase (decrease) in cash and cash equivalents
11,212
(955
)
Cash and cash equivalents at beginning of period
28,272
36,049
Cash and cash equivalents at end of period
$
39,484
$
35,094
Note Regarding Non-GAAP Financial Information
This press release includes financial measures that are not calculated in accordance with GAAP, including adjusted net income, adjusted net income per diluted share ("adjusted EPS"), adjusted EBITDA, adjusted free cash flow, net debt, net debt to last twelve months ("LTM") adjusted EBITDA, and comparable club sales.
We define adjusted net income as net income as reported, adjusted for non-recurring, infrequent, or unusual changes, including restructuring charges, and other adjustments that the Company believes appropriate, net of the tax impact of such adjustments.
We define adjusted EPS as adjusted net income divided by the weighted-average diluted shares outstanding.
We define adjusted EBITDA as net income before interest expense, net, provision for income taxes and depreciation and amortization, adjusted for the impact of certain other items, including: stock-based compensation expense; restructuring and other adjustments.
We define adjusted free cash flow as net cash provided by operating activities less additions to property and equipment, net of disposals, plus proceeds from sale-leaseback transactions.
We define net debt as total debt outstanding less cash and cash equivalents.
We define net debt to LTM adjusted EBITDA as net debt at the balance sheet date divided by adjusted EBITDA for the trailing twelve-month period.
We present adjusted net income, adjusted EPS and adjusted EBITDA, which are not recognized financial measures under GAAP, because we believe such measures assist investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.
We believe that adjusted net income, adjusted EPS and adjusted EBITDA are helpful in highlighting trends in our core operating performance compared to other measures, which can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate and capital investments. We use adjusted net income, adjusted EPS and adjusted EBITDA to supplement GAAP measures of performance in the evaluation of the effectiveness of our business strategies; to make budgeting decisions; and to compare our performance against that of other peer companies using similar measures. We also use adjusted EBITDA and adjusted EPS in connection with establishing annual and long-term incentive compensation.
We present adjusted free cash flow, which is not a recognized financial measure under GAAP, because we use it to report to our Board of Directors and we believe it assists investors and analysts in evaluating our liquidity. Adjusted free cash flow should not be considered as an alternative to cash flows from operations as a liquidity measure. We present net debt and net debt to LTM adjusted EBITDA, which are not recognized as financial measures under GAAP, because we use them to report to our Board of Directors and we believe they assist investors and analysts in evaluating our borrowing capacity. Net debt to LTM adjusted EBITDA is a key financial measure that is used by management to assess the borrowing capacity of the Company.
You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating adjusted net income, adjusted EPS, adjusted EBITDA and net debt to LTM adjusted EBITDA, you should be aware that in the future we may incur expenses that are the same as or like some of the adjustments in our presentation of these metrics. Our presentation of adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt and net debt to LTM adjusted EBITDA should not be considered as alternatives to any other measure derived in accordance with GAAP and they should not be construed as an inference that the Company's future results will be unaffected by unusual or non-recurring items. There can be no assurance that we will not modify the presentation of adjusted net income, adjusted EPS, adjusted EBITDA or net debt to LTM adjusted EBITDA in the future, and any such modification may be material. In addition, adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt and net debt to LTM adjusted EBITDA may not be comparable to similarly titled measures used by other companies in our industry or across different industries. Additionally, adjusted net income, adjusted EPS, adjusted EBITDA, adjusted free cash flow, net debt and net debt to LTM adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP.
In reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K, the Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis, including of its projected range for adjusted EPS for Fiscal 2025 to net income per diluted share, which is the most directly comparable GAAP measure, under "Fiscal 2025 Ending January 31, 2026" above, where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items or there are no meaningful adjustments to be presented in the reconciliation and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and/or amount of various items that would impact net income per diluted share, if any. This includes items that have not yet occurred, are out of the Company's control, cannot be reasonably predicted and/or for which there would not be any meaningful adjustment or difference. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The information under "Fiscal 2025 Ending January 31, 2026" above, including expectations about adjusted EPS reflects management's view of current and future market conditions. To the extent actual results differ from our current expectations, the Company's results may differ materially from the expectations set forth above. Other factors, as referenced elsewhere in this press release, may also cause the Company's results to differ materially from the expectations set forth above.
Reconciliation of GAAP to Non-GAAP Financial Information
BJ'S WHOLESALE CLUB HOLDINGS, INC.
Reconciliation of net income to adjusted net income and adjusted EPS
(Amounts in thousands, except per share amounts)
(Unaudited)
Thirteen Weeks Ended
May 3, 2025
Thirteen Weeks Ended
May 4, 2024
Net income as reported
$
149,768
$
111,019
Adjustments:
Restructuring (a)
1,537
3,307
Tax impact of adjustments to net income (b)
(430
)
(918
)
Adjusted net income
$
150,875
$
113,408
Weighted-average diluted shares outstanding
132,749
134,111
Adjusted EPS (c)
$
1.14
$
0.85
(a) Represents charges related to the restructuring of certain corporate functions including costs for severance, retention, outplacement, consulting fees, and other third-party fees.
(b) Represents the tax effect of the above adjustments at a statutory tax rate of approximately 28%.
(c) Adjusted EPS is measured using weighted-average diluted shares outstanding.
BJ'S WHOLESALE CLUB HOLDINGS, INC.
Reconciliation to adjusted EBITDA
(Amounts in thousands)
(Unaudited)
Thirteen Weeks Ended
May 3, 2025
Thirteen Weeks Ended
May 4, 2024
Net income
$
149,768
$
111,019
Interest expense, net
11,099
13,951
Provision for income taxes
42,778
35,785
Depreciation and amortization
69,665
63,422
Stock-based compensation expense
10,654
8,590
Restructuring (a)
1,537
3,307
Other adjustments (b)
335
312
Adjusted EBITDA
$
285,836
$
236,386
(a) Represents charges related to the restructuring of certain corporate functions including costs for severance, retention, outplacement, consulting fees, and other third-party fees.
(b) Other non-cash items, including non-cash accretion on asset retirement obligations and obligations associated with our post-retirement medical plan.
BJ'S WHOLESALE CLUB HOLDINGS, INC.
Reconciliation to adjusted free cash flow
(Amounts in thousands)
(Unaudited)
Thirteen Weeks Ended
May 3, 2025
Thirteen Weeks Ended
May 4, 2024
Net cash provided by operating activities
$
208,093
$
200,847
Less: Additions to property and equipment, net of disposals
(140,497
)
(105,741
)
Plus: Proceeds from sale-leaseback transactions


Adjusted free cash flow
$
67,596
$
95,106
BJ'S WHOLESALE CLUB HOLDINGS, INC.
Reconciliation of net debt and net debt to LTM adjusted EBITDA
(Amounts in thousands)
(Unaudited)
May 3, 2025
Total debt
$
548,880
Less: Cash and cash equivalents
(39,484
)
Net debt
$
509,396
Net income
$
573,166
Interest expense, net
48,507
Provision for income taxes
193,423
Depreciation and amortization
268,311
Stock-based compensation expense
49,862
Restructuring
6,657
Other adjustments
119
Adjusted EBITDA (a)
$
1,140,045
Net debt to LTM adjusted EBITDA
0.4x
(a) See descriptions of adjustments in the "Reconciliation to Adjusted EBITDA (unaudited)" table above.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250522772162/en/
Contacts
Investor Contact: Catherine ParkVice President, Investor Relationscpark@bjs.com 774-512-6744
Media Contact: Kirk SavilleHead of Corporate Communicationsksaville@bjs.com 774-512-5597

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The funding comes as Laurel experiences rapid adoption among enterprise professional services firms like Ernst & Young, Grant Thornton, Freshfields, and Crowell & Moring. Over the last 12 months, Laurel grew ARR +300% at double-digit scale, increased usage by +500%, and works with +100 of the top legal, accounting, and consulting firms across US, UK, EU, Australia, and Canada. Laurel's AI Time platform, now leveraged by hundreds of the world's top enterprise professional service firms, uses AI to automatically categorize, describe, and analyze how professionals spend their time on admin work. The platform's ability to connect time data with business outcomes has proven transformative for firms looking to maximize profits, allocate their resources effectively, and understand exactly what workflows to apply AI to and what agents to automate. Customers using the company's AI-native time platform report profit increases between 4-11%—driven by an additional 28 billable minutes per day per professional, and increased realization of 1-4%. Laurel's ROI methodology has been independently audited and validated by a Big-4 Firm. The platform currently processes over $5B in gross market value for its customers, and +$360M of that amount is net-new value attributable to Laurel. In addition, Laurel saves its professionals up to 80% in time recording, freeing them to work on high-leverage work. 'Laurel uniquely delivers value across lawyers, clients, finance, and marketing by streamlining time capture, enriching narratives, and accelerating accurate billing,' says Reed Cunningham, Chief Innovation Officer at global law firm Reed Smith. 'As firms assess the impact of AI and fixed fees, gaining granular intelligence with less effort is essential to redefining value within a firm and for its clients.' 'I've seen first-hand how Laurel can transform our approach to time intelligence. What used to be a manual process of time-keeping and entry is now significantly technology enabled,' says Matt Newnes, Partner and Tax Transformation leader at Ernst & Young. 'Laurel doesn't just help our people to capture time that they spend on work more comprehensively; it helps us to understand much more about how our teams work allowing us to identify best practices to help ensure we always drive the best outcomes for our clients. It has proven to be one of our most impactful AI investments, delivering measurable results while laying the foundation for broader transformation initiatives.' Automating time is Laurel's first step. Laurel's AI platform turns its proprietary data around work and time to address the #1 business problem impacting knowledge industries: operating without visibility into their supply chain. 'Nobody has ever mapped the input of time to the output of outcomes. Industries like legal and accounting are best at understanding their input (time), but still struggle to price value. On the flip side, industries like consulting and financial services understand value, but operate blind to the true cost of creation. While all other industries have been obsessed about optimizing their supply chain, the supply chain of knowledge work—which represents over 50% of Global GDP—has never been surfaced. This funding helps us solve this fundamental challenge while giving firms the data foundation they need to deploy AI strategically. We're not just automating time—we're creating the time intelligence layer that will transform how all knowledge industries operate," says Ryan Alshak, founder and CEO of Laurel. "Laurel has identified one of the largest efficiency gaps in the modern economy, one I understand deeply as a former CFO of a public company. Professional services represent trillions in global economic activity, yet these firms operate without basic visibility into their core resource – time. By solving the time intelligence challenge, Laurel creates a platform for broader AI transformation. As these industries invest heavily in AI over the next five years, Laurel's data foundation becomes essential infrastructure that truly tracks the ROI of AI. The market opportunity is massive, and Laurel's unique position makes them the clear leader in this space," says Ajay Vashee, General Partner at IVP. 'Laurel is creating the enterprise intelligence layer for knowledge work that leverages timekeeping as a product wedge,' said Frederique Dame, General Partner at GV. 'By capturing and organizing the full lifecycle of how professionals spend their time, Laurel unlocks a new class of data that makes work itself measurable, optimizable, and automatable. The goal isn't just better time tracking, it's building the data foundation for AI-powered workflows, predictive resourcing, and strategic insights.' Transforming How Knowledge Industries Understand and Optimize Work While manufacturing companies know exactly how much it costs to produce a car down to the penny, and retail businesses track inventory with precision, professional services firms have historically operated without understanding their most critical resource: human capital. Both the outcomes of the work itself and the time it takes to produce it. As a result, organizations are operating blind on what the biggest impact for AI is across their companies, and how to point people to highest value tasks (like Business Development, Relationship Management, and first principles strategic thinking). As knowledge industries plan to spend over $1 trillion on AI in the next five years, Laurel's time intelligence platform ensures these investments target the highest-impact opportunities. Key customer results include: Average recovery of 28+ billable minutes per professional per day 4-11% increase in overall firm profitability 80%+ reduction in time spent on manual time entry Real-time visibility into project profitability and resource utilization 'While Laurel is unique in that it is AI that generates profits, the reason everyone at Laurel cares so much about solving this problem is because people waste so much time at work, and the only way to solve this at scale is to deeply understand where that time is going,' says Alshak. 'And we're starting with professional services because that will give us the human-in-the-loop required to create the world's first-ever agentic timesheet. The average knowledge worker works 9 hours a day, but only adds leverage for 3. That is 3 hours a day we're doing work that should be done by agents, and 3 hours a day we're doing work that nobody should do. That is our opportunity set – 6.4 billion years currently being spent by knowledge workers on tasks humans no longer need to do. That is our opportunity.' About Laurel Laurel is the world's first AI Time platform for professional services firms. The company's AI transforms how organizations track, analyze, describe, and optimize their most valuable resource: time. By automating work time and connecting time data to business outcomes, Laurel enables firms to increase profitability, improve client delivery, and make data-driven strategic decisions. Founded in 2018, Laurel serves many of the world's largest accounting, consulting and law firms. For more information, visit About IVP IVP supercharges growth in breakout companies, converting momentum into market dominance. One of the original venture firms on Sand Hill Road, IVP partners with companies that define their eras—from Slack, Crowdstrike and Coinbase to Perplexity, Abridge, Glean and Chainguard—before the world truly appreciated them. Each year, IVP invests in just a dozen breakout founders ready to scale from millions to hundreds of millions in revenue and expand from one market to many. We've guided market leaders through cycles and storms, unlocking pivotal growth by activating the right expertise at the moments founders need it. With 130+ IPOs out of 400 investments, IVP helps ambitious founders defy limits, command industries and cement their place at the top.

Boeing Just Pulled Off a 303-Plane Surprise -- And Airbus Should Be Worried
Boeing Just Pulled Off a 303-Plane Surprise -- And Airbus Should Be Worried

Yahoo

time23 minutes ago

  • Yahoo

Boeing Just Pulled Off a 303-Plane Surprise -- And Airbus Should Be Worried

Boeing (NYSE:BA) just landed its biggest monthly win in over a year303 aircraft orders in Mayright as the Paris Air Show looms large. A big chunk of that momentum came during former President Donald Trump's Middle East visit, where Boeing's jets once again became a centerpiece in international dealmaking. The headline order? A massive 150-jet deal from Qatar Airways, including 120 Dreamliners and 30 777X widebodies. The company also sold 146 of its 737 Max jets, though most of those buyers weren't namedhinting that demand might be stronger beneath the surface than many expected. Warning! GuruFocus has detected 6 Warning Signs with BA. This spike in orders couldn't come at a more pivotal moment. Boeing is still climbing out of a crisis triggered by a near-disastrous 737 Max incident earlier this year. Regulators have capped production at 38 jets a monthand Boeing just hit that limit in May at its Renton plant. The company also delivered 45 jets last month, showing signs that operational recovery is underway. With the Paris Air Show around the cornera critical battleground for aircraft ordersBoeing's recent traction could give it a firmer footing against Airbus, especially as Middle Eastern carriers double down on widebody expansion. That said, Airbus isn't sitting still. The European rival delivered 51 aircraft in May and is expected to come out swinging in Paris. But its own supply chain headachesespecially around engines and key componentsare putting pressure on full-year targets. Both Boeing and Airbus are staring down order backlogs that stretch into the 2030s. The real question now is which one can convert that backlog into cash flows faster, as the post-pandemic recovery tests every link in the aviation supply chain. Investors won't have to wait longParis could set the tone for the rest of the year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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