Latest news with #ScottStewart
CBS News
03-07-2025
- Health
- CBS News
4 people taken to hospital after ambulance crashes into home in Mount Holly, New Jersey
Four people were taken to the hospital after a private ambulance crashed into a home in Mount Holly, New Jersey, on Thursday. The crash happened at a home on Woodlane Road in Mount Holly just after 4 p.m. Four people were taken to the hospital after a private ambulance crashed into a home in Mount Holly, New Jersey, on Thursday. Scott Stewart Burlington County dispatch said one person was on board the ambulance when it crashed into the home. That patient and three other people were taken to the hospital after the crash. According to Burlington County dispatch, the ambulance was involved in a crash with three other vehicles and then veered into the house. Nobody inside the home was injured, and the people evacuated the house safely. This is a developing story and will be updated.
Scotsman
09-06-2025
- Business
- Scotsman
Sephra Popcorn 'scores' several goals at football stadium kiosks
Fife-based Sephra Popcorn is celebrating a very successful foray into some of the country's top football stadiums. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The brand, which is now the country's favourite tubbed popcorn, instantly recognisable through its distinctive Cinema style foil lined cardboard tub, is found in a growing network of consumer outlets, including theatres, independent cinemas, supermarkets, and convenience stores. It's now added several sports and football stadiums to the list. Its Sweet, and Sweet & Salty, flavour varieties can now be purchased as a snack option in kiosks at Manchester City FC, Dundee FC, Dundee United FC, and closer to home to its Kirkcaldy Head Office, Raith Rovers FC, as well as another Fife-based club, Dunfermline Athletic. Advertisement Hide Ad Advertisement Hide Ad Wet popped in the traditional way, and sealed fresh, deliciously seasoned Sephra Popcorn is packed with flavour, offering a long shelf life. Its special kernels produce large, round puffs of popcorn that not only enhance the texture, but also maximises the surface area for seasoning. The result is a popcorn experience where every piece is packed with flavour, delivering a taste that truly stands out. Sweet & Salty is one of the signature flavours from Sephra Popcorn Scott Stewart, Business Development Executive, from Sephra, is delighted with how introducing the popcorn to football fans, north and south of the border, has gone. 'We have had brilliant feedback from all five football clubs that are currently stocking a mix of our popcorn, in the signature flavours of Sweet, and Sweet & Salty. We've given them our smaller 70g tub, which is more suited for a single person portion, whilst still giving the consumer a generous portion. The tubs we sell in supermarkets are 140g,' he said. 'Raith Rovers was the first football team to take our Sweet Variety popcorn for the beginning of the season 23/24. We reached out with the initial idea that our tubs would be a good kiosk offering, not really knowing how the thought would be received, and to our delight, they came back to us in agreement that the idea was indeed a good one, increasing fan choice from crisps, pies, and other snacks. Advertisement Hide Ad Advertisement Hide Ad "They invited us over for a meeting where we discussed the brand and the popcorn in more detail, and they then went ahead with launching it that season, which was an excellent start.' Scott Stewart is pictured with the popcorn 'Dundee & Dundee United both started taking the popcorn at the start of their 24/25 seasons,' continued Scott. 'With Dunfermline Athletic, it was as a result of the Scotland Fan Zones they held at East End Park in June last year for the Euro 2024 games. It was announced that for the Fan Zones, they would be having multiple food vendors, alongside a 'tuck shop' for snacks, chocolate, and so on. We knew that our popcorn would be a great addition, especially for kids that would be attending.' 'Luckily, DAFC loved the idea, and took stock of a full pallet (576 tubs) across our three flavours (sweet, sweet & salty, luxury toffee), selling the majority of it through the four events they held that summer. On the back of that success, we approached them about listing it through their kiosks, and it's now become a very popular choice with fans.' Scott, and his team, are particularly pleased to have secured leading English Premiership Club, Manchester City. Advertisement Hide Ad Advertisement Hide Ad 'We added Manchester City to our Football Club outlets at the end of February '25, with them taking the Sweet & Salty Variety. It started off in a few kiosks, particularly around the family sections. After the success of the product in those parts of the stadium, they opened it up to be available in every kiosk around the stadium. "They were particularly interested in our popcorn tubs as the eating experience is far superior than eating it from a bag. A contact at the Club said that he wanted the fans to feel like they are watching the greatest show on earth, and that the feeling you get from eating quality popcorn from an attractive foil lined tub certainly buys into that.' Commenting that he felt: 'this feeling can relate to any football club, the passion football fans have for their team even if they aren't performing well, doesn't fade,' Scott added that he: 'liked the idea that watching your team with our popcorn tub makes you feel like it's not just a football game, but in fact a piece of theatre, the greatest show on earth, even if it's a cold winters days, and your team is not winning!' Scott finished by saying that Sephra Popcorn's success in the football stadium market over the past two and a half years: 'has been significant, ensuring we will continue to target more clubs. It fits with our strategy to secure the brand across multiple different channels. Lovers of Sephra Popcorn are seeing it in more and more different places. We're delighted that many of these football clubs are looking to introduce point of sale material for us next season. This will ensure even greater visibility for our popcorn.' Advertisement Hide Ad Advertisement Hide Ad Sephra Popcorn, instantly recognisable through its distinctive Cinema style foil lined cardboard tub, has been available since 2017 through major UK supermarkets, plus a number of UK wide convenience store chains. The brand, which offers a variety of different flavours, including the classic cinema Sweet, Salted, Sweet & Salty mix, Luxury Toffee, and a new reduced sugar range with up to 40% less sugar, can also be found across the leisure sector, with holiday parks, theatres, independent cinemas, theme parks, football clubs and many more all stocking its lines.
Yahoo
09-05-2025
- Business
- Yahoo
Cantaloupe Inc (CTLP) Q3 2025 Earnings Call Highlights: Revenue Growth and Smart Store Success ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cantaloupe Inc (NASDAQ:CTLP) reported an 11% year-over-year increase in total revenue for Q3 2025, reaching $75.4 million. The company achieved a 37% increase in adjusted EBITDA, amounting to $13.9 million, reflecting successful margin expansion and operating leverage. Cantaloupe Inc (NASDAQ:CTLP) experienced strong cash generation, with $22.4 million in cash from operating activities during the quarter. The company saw significant growth in its smart store product, with over $2 million in shipments, indicating strong demand in new verticals. Cantaloupe Inc (NASDAQ:CTLP) released a $42.2 million valuation allowance on deferred tax assets, contributing to a net income of $48.9 million for the quarter. Revenue was lower than anticipated due to one-time weather events impacting transaction revenue and delays in equipment purchases. Transaction revenue was materially impacted by adverse weather events, leading to abnormally low traffic in customer locations. There was a pullback in large equipment purchases due to economic uncertainty, affecting sales in the quarter. The company faced supply constraints for its smart store product, limiting its ability to meet demand. International revenue remains a small portion of total revenue, expected to be only 3-4% by the end of fiscal year 2025. Warning! GuruFocus has detected 3 Warning Signs with CTLP. Q: Can you quantify the weather impact on transaction revenue for the quarter? A: Yes, the weather impact was approximately $2 million, mostly in January and a little in February. - Scott Stewart, CFO Q: What are the early indications of demand for the smart store product, and do you expect it to ramp up quickly? A: We are already seeing a ramp-up in the fourth quarter. The smart store is our hottest selling product, with significant interest at industry conferences. We expect it to translate into strong fourth-quarter equipment revenue. - Ravi Venkates, CEO Q: Can you provide updates on your progress in Europe and Latin America? A: We have exciting updates, but it's premature to share them. Scaling is continuing with large customers and in the SMB space. Expect releases soon. - Ravi Venkates, CEO Q: How does the revenue opportunity compare between traditional vending, smart stores, and other verticals? A: Vending will grow 5-6%, micro markets 30-40%, and smart stores and related technologies could grow 100-200% in the next 2-3 years, becoming a significant market share. - Ravi Venkates, CEO Q: What do you expect international revenue to be as a percentage by the end of the year? A: We anticipate international revenue to be 3-4% as we exit the fourth quarter of fiscal year 2025, with continued growth expected in FY26. - Scott Stewart, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Miami Herald
03-03-2025
- Miami Herald
Deputy confronts free-roaming boa constrictor during truck search, Florida cops say
A truck search in Florida turned strange when deputies discovered their suspect had a live boa constrictor slithering freely in his pickup, investigators say. Both the driver and the snake ended up in custody, the Brevard County Sheriff's Office said in a March 1 news release. It happened Thursday, Feb. 27, when Cpl. Scott Stewart and Cpl. Bridgette Johnson responded to reports of a man dumping items into a creek on Merritt Island, officials said. 'They observed this guy ... actively dumping waste from a large open-top trailer that he had backed up alongside of the Sykes Creek waterway,' the sheriff's office said. 'Things took an unexpected turn ... as the deputies went to complete an inventory of his vehicle (and) Cpl. Stewart discovered a juvenile Rainbow Boa Constrictor, just hanging out on the passenger seat.' Rainbow boa constrictors are native to Central and South America and can reach more than 6 feet in length, experts say. Details of how the deputy reacted to the discovery were not released, but a county Animal Services Unit was called to handle the capture, officials said. The snake is a pet owned by the 46-year-old suspect, who was arrested and charged with one felony count of dumping raw human waste in excess of 500 pounds, the sheriff's office said. The fate of the boa constrictor was not revealed. Merritt Island is about a 55-mile drive southeast from Orlando.
Yahoo
07-02-2025
- Business
- Yahoo
Cantaloupe Inc (CTLP) Q2 2025 Earnings Call Highlights: Strong Revenue Growth and Margin Expansion
Total Revenue: $73.7 million, up 13% year over year. Transaction Revenue: $44.4 million, an increase of 17% year over year. Subscription Revenue: $20.7 million, a 14% increase year over year. Adjusted Gross Margin: 41.7%, up from 37.2% in the prior year. Adjusted EBITDA: $10.7 million, a 26% increase from the previous year. Net Income: $5 million, or $0.07 earnings per share. Cash and Cash Equivalents: $27.7 million at the end of the quarter. Active Customers: Over 32,000, a 10% increase year over year. Active Devices: 1.3 million, a 4% increase year over year. Average Revenue Per Unit (RPO): $202, up 12% from the prior year period. Equipment Revenue: $8.6 million, a decrease of 7% year over year. Total Operating Expenses: $24.5 million, up from $20.7 million in the prior year. Fiscal Year 2025 Revenue Guidance: $308 to $322 million, representing 15% to 20% growth. Fiscal Year 2025 Adjusted EBITDA Guidance: $44 million to $52 million. Fiscal Year 2025 Operating Cash Flow Guidance: $24 million to $32 million. Warning! GuruFocus has detected 4 Warning Signs with CTLP. Release Date: February 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cantaloupe Inc (NASDAQ:CTLP) reported a 13% year-over-year increase in total revenue for Q2, reaching $73.7 million. Transaction revenue grew by 17% and subscription revenue by 14% year-over-year, indicating strong performance in these segments. The company achieved a total adjusted gross margin of 41.7%, up from 37.2% in the same quarter last year. Adjusted EBITDA increased by 26% year-over-year, reflecting successful expansion of operating leverage. Cantaloupe Inc (NASDAQ:CTLP) continues to see strong growth in micro markets and penetration of seed software with both existing and new customers. Equipment revenue decreased by 7% compared to Q2 FY24, indicating potential challenges in this segment. Total operating expenses increased to $24.5 million from $20.7 million in Q2 FY24, largely due to expenses from recent acquisitions. The cash balance decreased compared to the year-end balance as of June 30, 2024, due to timing of payments for transaction processing. The international business mix remains under 5%, suggesting limited growth in international markets. The guidance range for total revenue is relatively wide, indicating uncertainty in achieving the higher end of the forecast. Q: Can you discuss the evolution of your average revenue per unit and how your business mix is changing? A: Scott Stewart, CFO: We've seen significant growth in transaction processing, with average ticket sizes increasing. At our Investor Day in December 2022, we projected that if a customer purchased every product at list price, revenue could reach $400 per unit. This remains true, with potential for further increase due to new software releases and strategic sales targeting high-revenue locations. Q: Any updates on your international strategy and current business mix between the US and international markets? A: Ravi Venkatesan, CEO: We are progressing well internationally, particularly in Latin America, where we've focused on robust deployments to maximize transactions. Our international business mix remains under 5%, but we expect acceleration as we execute our second-half priorities. Q: How does the new micro-lending service through Cantaloupe Capital work, and are you holding any of the loans? A: Ravi Venkatesan, CEO: We do not hold or underwrite the loans. The service is offered through a partner, providing a convenient way for customers to secure loans via our platform. This initiative aims to alleviate capital constraints for our customers, enabling them to expand their business without us being financially liable. Q: What are the key growth drivers for Cantaloupe, particularly regarding micro markets and smart stores? A: Ravi Venkatesan, CEO: Growth is driven by expanded micro market footprints, smart store products, and strategic location placements. We're also seeing increased transaction values from new location types like universities and hospitals, contributing to higher average revenue per unit. Q: Is the improvement in subscription and transaction gross margins sustainable? A: Scott Stewart, CFO: Yes, we believe the current margin levels are sustainable. We've seen an increase in our take rate and continue to benefit from cost reduction measures and improved transaction routing. The higher average ticket price also supports margin improvements. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
