Latest news with #Jiffy
Yahoo
19-05-2025
- Business
- Yahoo
Spencers Retail Ltd (BOM:542337) Q4 2025 Earnings Call Highlights: Strategic Cost Reductions ...
Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Spencers Retail Ltd (BOM:542337) achieved a significant improvement in EBITDA, increasing from 14 crores in the previous year to 60 crores in FY25. The company successfully reduced operating expenses by 76 crores, primarily due to strategic store closures and cost optimization. The launch of the Jiffy quick delivery service in Kolkata has shown promising growth, with a 58% increase in user growth and a 47% increase in order growth. Spencers Retail Ltd plans to expand its Jiffy service to Lucknow and Banaras, leveraging existing store networks for efficient delivery. Nature's Basket introduced a membership program, Elysium, which has gained traction with 4,300 members, aiming to drive customer loyalty and repeat purchases. Spencers Retail Ltd experienced a 15% drop in top-line revenue due to the closure of stores in North and NCR regions. Nature's Basket faced supply chain issues affecting the availability of imported gourmet products, impacting sales and margins. The company's net debt stands at approximately 860 crores, limiting its ability to take on additional debt for growth or capital expenditures. The financial profitability in FY25 was partly due to other income from store closures, which may not be sustainable in FY26. Spencers Retail Ltd's balance sheet remains leveraged, and the company is exploring options to raise equity, but market conditions are currently not supportive. Warning! GuruFocus has detected 6 Warning Signs with BOM:542337. Q: Can you provide more details on the challenges faced by the newly opened Nature's Basket stores? A: The challenges were primarily due to supply chain disruptions and lower-than-expected footfall. The lack of product availability affected customer retention and footfall, but these issues are being addressed internally. (Respondent: CEO) Q: With a net debt of around 860 crores, how does Spencer's Retail plan to manage its balance sheet, especially with a large portion of long-term debt maturing soon? A: The company is exploring options to raise equity, although market conditions are currently not supportive. The focus is on improving operational efficiency to reduce losses and eventually raise capital. (Respondent: Vice President, Investor Relations) Q: Given that a significant portion of profitability was due to other income from store closures, how confident are you about maintaining profitability in FY26? A: While other income will decrease, operational improvements and cost reductions are expected to help achieve break-even at the EBITDA level in FY26. (Respondent: CEO) Q: Are there any plans to liquidate parts of the business in the near future? A: No, there are no plans to liquidate any part of the business. The focus is on growing the top line across all segments, including Spencer's, Jiffy, and Nature's Basket. (Respondent: CEO) Q: How does Spencer's Retail plan to compete with e-commerce players, given the debt constraints and market share shifts towards quick commerce? A: The strategy is to offer existing customers an online option through Jiffy without significant capital expenditure. The focus is on leveraging existing store networks rather than opening new dark stores. (Respondent: CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. 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
CairoScene
03-05-2025
- Entertainment
- CairoScene
SceneNoise x Sandbox Festival 'SelectBox' Stage Returns for 2025
In the region's festival circuit, the lineup curation tends to focus on the 'biggest' international acts or the most well-established regional names, where artists are typically booked based on how revered their reputations are in the electronic scene, their social media presence, or visibility within preexisting music circles. Three years ago, SceneNoise decided to flip the script, and teamed up with Egypt's Sandbox Festival to launch its 'Select' live concept on the sandy shores of El Gouna, Red Sea, with #SelectBox, an intimate space carved out to amplify the raw talent of the region's freshest upcoming selectors. Over time, that unassuming little box of noise, with its bolstering grungy after-party vibes, gained a cult-following as a renegade escape from traditional festival stages. It became a pleasant surprise amidst the beachside shenanigans of Sandbox, where festival-goers could stumble in, sandy-footed and sun-kissed, to let loose, dance in a cozy space, and discover a wide variety of new sounds the algorithm hadn't yet chewed up and spat out. The SelectBox stage evolved into a crucible, a launchpad, and a catalyst for some of the region's most exciting talents, regardless of their festival track record, welcoming the likes of OT, Kurls, Jiffy, Saoud, Azzouni, and more. As we gear up for the third edition of SelectBox at Sandbox 2025, running from May 8th-10th in El Gouna, I had a little chat with some of the selectors who previously graced SelectBox –and have since commanded bigger stages at major gigs and festivals worldwide- to unpack their SelectBox experience and its impact on their careers. Mira, an Egyptian DJ and resident at Cairo's Yellow Tape Records, who played SelectBox last year in 2024, calls it 'a stepping stone' for emerging artists: 'Sandbox is a massive festival in terms of lineup curation, so trying to get yourself out there can feel intimidating. But, SelectBox does a great job of giving lesser-known artists a platform amid the large-scale backdrop of the festival.' She explains, 'On a personal level, it definitely inspired me to step outside of my comfort zone, play more openly and not shy away from being recorded.' Then there's Lana Mawlood, a force of nature with British-Kurdish roots who, mid her SelectBox debut set in 2023, dropped a balie funk edit of Nancy Ajram's sugar pop 'Ya Tab Tab' –a jester that propelled her into the local clubbing spotlight. For her, SelectBox felt like a house party where anything could happen. 'It definitely was a massive turning point in my career, an opportunity to prove myself, which opened so many doors for gigs across Cairo and the North Coast.' She pauses a second before continuing, voice feverish with nostalgia, 'Before that, I had only played a handful of gigs. Months later, people would still come up to me saying, 'I saw your set at Sandbox'.' She recalls. As for Egyptian-Russian DJ Nova Retra, her SelectBox debut in 2023 not only marked her first festival gig, but also her first-ever set to be recorded in full live. 'It was a huge milestone in my career; it was nerve-wrecking and fulfilling. My musical style has developed a lot since then, but looking back, it's a memory I will always cherish,' she tells SceneNoise. 'It [SelectBox] was a game-changer for local talents in Egypt. Previously, locals needed to break a certain barrier and gain a lot of followers so they could be on the radar, or even considered to play at Sandbox…So, it was a big feat, considering we don't have the kind of nightlife infrastructure for electronic music that you mainly find in Western countries. It opened up a space for underground electronic artists like me to have a seat at the table.' Following her debut at SelectBox, Nova was later booked on the festival's main lineup in 2024, with a slot right over the Sandbox stage. Meanwhile, for Ramez Naguib, a seasoned Egyptian producer and sound designer, who also played SelectBox in 2023, the appeal was all about the intimacy of the setting. 'At the time, I was also playing one of the main stages at Sandbox, but honestly, I had so much fun at SelectBox. I liked how intimate it was; it made it a very special experience,' Ramez tells SceneNoise. A viewpoint shared by the Saudi trailblazing DJ, Vinyl Mode, whose SelectBox gig was the same year as Ramez, and had his fair share of playing at a handful of Sandbox's biggest stages. When I asked him to recall his experience at that little hotbox of noise, he told me he remembers it as one of the best experiences he's had so far, 'I'm for cozy vibes when partying; you know, being close to people…I like how everything is raw about it. I always say let's drop a booth randomly in the middle of the street and just play music, don't hide it, make it a room with easy access where people come in vibe, boom boom, and just leave from the other side.' He says. 'Personally, when I get to any festival as a raver, I like to listen to music and discover artists whom I have never heard about. I feel SelectBox gives that kind of vibe; I saw a lot of great artists there, and was very impressed with the different sounds and how it was always packed the whole time, man.. It's a benchmark to follow.' Vinyl Mode tells SceneNoise, adding, 'I can't wait to go back, man and dance again with all of these people.' But, when I called up Youssef Yasser, a Cairo-born fresh young talent who was on the SelectBox roster last year in 2024, and is now the artist booking manager and stage curator of SelectBox, he told me, 'I would say my set at SelectBox helped me get the right type of gigs. My sound was still maturing, and it just took shape afterwards, and bookers started to get it and approach me with opportunities that suited my sound identity.' This year, Youssef is slotted to open Sandbox's infamous GrooveBox Stage on day three, Saturday, May 10th. Sharing his own perspective regarding the SelectBox stage, he says, 'Festivals need more stages like this, a space where local and regional talents can showcase their sounds openly; go all out without limits or genre rules. Just pure freedom to mix, match, and show what they have.' After speaking with those who have already spun their stories on the humble stage, it only felt right to also hear from some of the selectors set to take over the SelectBox reins at Sandbox this year, ready to make their own marks and unleash yet another torrent of unforgettable sounds. Take Acid Finky, for instance, a German-Algerian DJ and producer, and co-founder of the feminist collective BLVSH, who has been making waves in the underground electronic scene across Berlin and Europe with her crisp sounds, heavy basslines, sharp drums, and ear candy. Looking ahead, she sees her debut at SelectBox as a pivotal moment in her career: 'This is my first festival outside of Europe, so it's very different! I am excited to connect with the regional scene, share my sound in a new context, and represent the Amazigh people,' Whilst Lyss, a Lebanese-Algerian DJ whose high-energy sets have established her as a burgeoning force in the region's electronic scene over the last few years, adds: 'I see SelectBox as a space to grow–the setting, the context, the vibe, it all carries so much cultural weight. I can already tell performing there is going to stay with me.' Similarly, Rish, one of the cornerstones of the Jordanian underground scene, sees SelectBox as a crucial step in his career. 'It's a much-needed platform focusing on the idea of intimate clubbing rooms, which, you know, have the best energy. I can't wait to experience it in such a large-scale festival for the first time,' He tells SceneNoise. As the cult-favourite SceneNoise x Sandbox 'SelectBox' stage returns for the 2025 edition, its focus on diversity and talent discovery remains as razor-sharp as ever, further contributing to a more accessible and dynamic festival experience with out-of-the box selections, offering artists the chance to reach new audiences and develop their sound in a supportive environment. This year's edition is coming through with a hefty roster of brilliant rising and seasoned acts from across the Middle East and North Africa region and its diaspora, including Megatronic, DINA, Acid Finky, Lyss and Rish, along with Ali Youssef, Delrady, Frogmoose, Jana, Khalil, Martina, Kokla, Joumana, Marwan, Rajia, Salma, RJ and Reham Mansour. You don't want to miss this one. See you inside. To book your tickets for Sandbox Festival 2025, head to
Yahoo
20-04-2025
- Entertainment
- Yahoo
Fact Check: Jif peanut butter has never been called 'Jiffy'
Claim: Jif-brand peanut butter originally had the name "Jiffy." Rating: For years, internet users have claimed that Jif-brand peanut butter once had the name "Jiffy." Dozens of TikTok videos have engaged with the claim. Videos posted to YouTube also exemplified the common mix-up. One example, a 50-second clip from the game show "The Pyramid," showed a contestant describing a unit of time – a "jiffy" – as "peanut butter." The word "jiffy," which Merriam-Webster defines as "a very short period of time," is not – and has never been – the name of the popular peanut butter product. As a result, we've rated the claim false. The peanut butter company writes on its website: We have always been called Jif® since our company was first founded in 1958! Jif's website also says the company chose the name "because it was easy to say, spell and remember!" As writers for publications like Esquire and Yahoo have noted, confusion over the brand's name is an example of the "Mandela Effect," a phenomenon the Cleveland Clinic describes as a collective misremembering of facts or details about a particular person, event or pop culture object. As Snopes previously reported, this categorization of false memories is "named after the widespread but incorrect notion that South African anti-apartheid activist Nelson Mandela died in prison during the 1980s." In actuality, Mandela was released in 1990 and became South Africa's first Black president before dying 23 years later. For decades, Snopes has investigated dozens of Mandela Effect claims on the internet, including whether the chocolate bar is named "KitKat" or "Kit-Kat" and whether Mr. Monopoly wore a monocle. For a complete list of Mandela Effects Snopes has examined throughout the years, check out this list. - YouTube. Accessed 13 Apr. 2025. ---. Accessed 13 Apr. 2025. "40 Mandela Effect Examples That Will Blow Your Mind." Esquire, 8 Feb. 2022, "40 Mandela Effect Examples That Will Make You Question Everything." Yahoo Life, 8 Apr. 2021, Definition of JIFFY. 5 Apr. 2025, Dobrin, Nikki. "KitKat or Kit-Kat: The Chocolate Bar's Mandela Effect." Snopes, 9 Dec. 2024, Frequently Asked Questions| Jif®. Accessed 13 Apr. 2025. "Mandela Effect: 10 Examples of False Memories." Cleveland Clinic, Accessed 13 Apr. 2025. Mandela Effect Articles | Accessed 13 Apr. 2025. TikTok - Make Your Day. Accessed 13 Apr. 2025. Wazer, Caroline. "Mr. Monopoly Never Wore a Monocle?" Snopes, 2 Oct. 2024, Wrona, Aleksandra. "Wait, That Never Happened? 10 Examples of the Mandela Effect." Snopes, 12 Apr. 2025,
Yahoo
01-03-2025
- Entertainment
- Yahoo
Rugby fans mistake Nigel Owens for Jiffy as pair clash over Wales v Ireland controversy
Rugby fans got mixed up between Jonathan 'Jiffy' Davies and Nigel Owens after Wales' defeat to Ireland. The iconic Welsh rugby duo were working for the BBC on their coverage of February 22nd's match, and on the latest episode of Jonathan, Jiffy revealed there was a comical case of mistaken identity. "We met up after the game then," began Jiffy. "We went in this marquee. A guy came up to me and said: 'Can I have your autograph, Nigel?', I said: 'I'm not Nigel', he said: 'Yes I saw you speak in this tent before the game'. I said: 'It wasn't me talking. Nigel was talking, not me'. READ MORE: Today's rugby news as George North shows he's still got it and Welsh club without 20 players READ MORE: Shaun Edwards showed true colours with constant phone calls to Wales star "Next thing, he (Nigel) came into the tent. Guys were coming up to him: 'Jiffy, can I have your autograph?', and up to me saying: 'Nigel, can I have your autograph?'. Nightmare. We were both in the same place!" Join WalesOnline Rugby's WhatsApp Channel here to get the breaking news sent straight to your phone for free Earlier in the show, Jiffy disagreed with Owens about an incident in the Wales v Ireland match, with Elgan noting that the pair worked together for the match. "We argued about the red card," said Jiffy of Garry Ringrose's tackle on Ben Thomas. "It was red, red all day long. He said a 20-minute red card. Watch. Head-on-head. Off." Under the new rulings, a player can be dismissed for 20 minutes for accidental head-on-head collisions. The offending player is not allowed to return for the duration of that match, but the team are allowed to bring on a player from the bench. The existing, permanent red card can still be used for malicious and more serious acts. In Ireland's case, once the 20-minute sentence had been served, they introduced centre Bundee Aki, who put in a talismanic performance in the closing stages to help the Irish win in Cardiff. "Yes, but Jiff, if these are the new rules," contested Elgan. "What are the new rules?," asked Jiffy. "Low degree of danger? No. If a 15, 16-stone guy knocks you over the head, right - that's danger. That's what I think." "We both agreed it was a red card," said Owens. "He wanted it to be a straight red, not back for the rest of the game." "He thought just 20 minutes," said Jiffy. "I don't disagree. [But] they're the rules," said Owens. After a valiant performance against Ireland, Wales face Scotland next on Saturday, March 8. If you would like to watch the full episode of Jonathan, then click here.
Yahoo
25-02-2025
- General
- Yahoo
MasterChef Junior's Jordyn Joyner's special cornbread recipe
HIGH POINT, N.C. (WGHP) — Jordyn Joyner, a Greensboro girl who starred in Season 9 of MasterChef Junior, swung by the FOX8 Studios to show off her special cornbread recipe. 1 box Jiffy Corn Muffin Mix 1 egg 1/3 cup milk 1/4 cup granulated sugar (adjust for desired sweetness) 2 tbsp melted butter or vegetable oil 1/4 cup sour cream (optional for extra moisture) 1 tsp vanilla extract (optional for extra flavor) Preheat your oven to 375°F (190°C). Grease an 8×8-inch baking dish or line with parchment paper. In a bowl, mix the Jiffy mix, egg, milk, sugar, melted butter, sour cream, and vanilla extract (if using). Stir until just combined—don't overmix! Pour batter into the prepared baking dish and spread evenly. Bake for 18–22 minutes, or until golden brown and a toothpick inserted in the center comes out clean. Let cool for a few minutes before serving. Enjoy warm with butter or honey! Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
