NEW YORK, Jan 11, 2022 (GLOBE NEWSWIRE via COMTEX) --
NEW YORK, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEO's of: Albertsons Companies
, Organic Garage
(tsx.v:OG), ESE Entertainment (tsx.v:ESE)
and Lucid Group, Inc.
Emerging megatrends in consumer lifestyles and technologies are creating trillion dollar opportunities for disruptive innovation in how we live, work and play. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:
(tsx.v:OG) CEO Matt Lurie: "Ready to Scale with Plant-Based Brands and Next Gen Organic Retailing"
Organic Garage /zigman2/quotes/225150188/composite OGGFF +8.55% a featured presenter at Wall Street Reporter's NEXT SUPER STOCK investor conference, is capitalizing on twin megatrends in the booming plant-based foods space and specialty organic retailing. In his recent presentation, OGGFF CEO Matt Lurie shared with investors how OGGFF is positioned for explosive growth in the coming months, as it scales it's "Organic Garage" specialty retail stores and launches its "Future of Cheese" brand which targets multi-billion dollar opportunities in the global plant-based dairy alternatives sector.
OGGFF's "Organic Garage" specialty retail stores have built up a cult following among millennial shoppers in Toronto, Canada through a fun experiential retail concept and discount pricing - "Healthier Food For Less". OGGFF currently has four stores generating over $30 million in revenue, at strong gross margins - and is now at an inflection point - ready to scale rapidly with new locations. In his interview with Wall Street Reporter, OGGFF CEO Matt Lurie discusses the possibilities for scaling the Organic Garage brand globally, whether through company owned stores, partnerships, and or franchises.
OGGFF is further leveraging its retailing domain expertise into the plant-based foods space. With a strong knowledge of what sells on retail shelves and what today's consumers want, OGGFF is developing its owned plant-based CPG brands. OGGFF has just launched the "Future of Cheese" brand targeting the dairy alternatives space. Developed by the world's leading cheese experts, Future of Cheese is rolling out a full line of cheese, butter and other exciting plant-based dairy products. The brand is a hit with consumers and products are selling out on shelves weekly. OGGFF is now expanding its product portfolio to 8-10 SKU's in coming months which will help drive market penetration with international retailers. In his interview with Wall Street Reporter, Matt Lurie discusses OGGFF's growth strategy for global sales expansion of Future of Cheese in retail and restaurants.
Watch Organic Garage /zigman2/quotes/225150188/composite OGGFF +8.55% (tsx.v:OG) Next Super Stock livestream video: https://bit.ly/3pHIOkL
CEO Vivek Sankaran: "Digital Transformation Imperative in Growth Strategy"
"Albertson's transformation strategy is based on pillars of in-store excellence, accelerating our digital and omni-channel capabilities, increasing productivity, and strengthening our talent culture...In-store excellence has been elevated by providing the right assortment in each local market, using digital tools to enhance replenishment and in stock conditions, encouraging friendly customer service and enhancing speed and ease of checkout, effectiveness and contactless payments...During the quarter, we launched eighty five new products, including ready to eat meals, refrigerated "Signature Reserve" pastas and several "O Organics" coffee items..."
"..Finally, we continue to invest in stores. Through the first half of 2021, we opened seven new stores and completed seventy six upgrade and remodel projects. Our next priority is the acceleration of our digital and omni-channel capabilities. Digital transformation is an imperative in our growth strategy. As we aim to provide an area of convenient shopping experience for our customers. To this end, we have expanded our Drive Up & Go locations to over nineteen hundred and expect to reach approximately two thousand locations by year end. Underlying the rollout of our digital and omni-channel capabilities is our focus for delivering a superior customer experience as well as improving profitability over time...the benefits of our digital and omni-channel investments continue to resonate with our customers..."
Albertsons Companies /zigman2/quotes/209620932/composite ACI +1.19% Q2 2021 Earnings Highlights: https://bit.ly/3tdfgyV
ESE Entertainment (tsx.v:ESE)
CEO Konrad Wasiela: "60X Increase in Revenue Run Rate in 12 Months - Just The Start"
ESE Entertainment (tsx.v:ESE) /zigman2/quotes/221345936/composite ENTEF +1.78% CEO Konrad Wasiela, a featured presenter at Wall Street Reporter's NEXT SUPER STOCK investors livestream shared that revenues have increased to a CD$60 million+ run rate, with its latest e-sports acquisition. This is almost a 6,000% increase from ENTEF's run rate less than 12 months ago. On December 1, ENTEF closed the acquisition of GameAddik,which through its wholly owned brand PWN Games, is considered one of the top CPA (cost-per acquisition) networks for gaming by gamesight.io. Game Addik generated revenue of CD$24.0 million and operating income of CD$4.7 million in FY 2020.
Konrad stated this milestone is just the beginning, as his goal is ramping ENTEF e-sports revenues to $250 million in the next 18 month through organic growth and strategic M&A - and building a multi-billon dollar global e-sports business. ESE is now rapidly expanding, with multiple revenue streams including, e-sports infrastructure software powering global tournaments, exclusive digital media distribution, broadcast rights, and owning world-class leagues and teams, including its K1CK global e-sports franchise. Konrad reported that "ESE now has a growing e-sports M&A pipeline with over $100 million annual revenues" and expected to close a significant number of these potential transactions in the coming months.
Watch ESE /zigman2/quotes/221345936/composite ENTEF +1.78% (tsx.v:ESE) Next Super Stock livestream video:
Lucid Group, Inc.
CEO Peter Rawlinson: "Lucid EV Technology Worlds Apart From Current Market Leaders"
"..Lucid Air was officially announced as Motor Trends 2022, Car of the Year, arguably the most prestigious award in the motor industry, seeking out true innovation, and groundbreaking vehicles. For a new brand and a new Company to win, to my knowledge, that's only been done once before...We believe that our technology is worlds apart from even the current market leaders. For example, no one expected Lucid to achieve even 400 miles of range. And now we have an EPA certification of 520 miles of range for the Lucid Air Dream Edition R. And we've created this technology with an eye towards an ability to manufacture it at scale, which is where true innovation lies..."
"...Our technology powered every car in Formula E, the world's premier electric motorsports series. And indeed, it changed the sport. Our battery packs have enabled Formula E cars to complete full race distances on a single charge. Now, what we learn from every race car, at every race, goes directly into the battery technology, powering Lucid Air. As the media and early customers have learned, our vehicles are truly the fusion of hardware and software, made possible by one of the best teams in the industry. We have auto industry veterans, including members of my former Tesla Model S team, working with former executives from Apple, and learning from their customer, the electronics experience. Along with so many other standouts from automotive and tech industries. We plan to leverage our team's abilities to continue to improve vehicle function and features, even after customers take delivery via over the air updates...
Lucid Group, Inc. /zigman2/quotes/221104327/composite LCID +4.98% Earnings Highlights: https://bit.ly/3m5Z2mC
WALL STREET REPORTER
Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com . Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context.Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K
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