Shares of GoPro Inc (NASDAQ:GPRO) ended Wednesday session in red amid volatile trading. The shares closed down -0.69 points or -4.74% at $13.88 with 7.38 million shares getting traded. Post opening the session at $14.44, the shares hit an intraday low of $13.66 and an intraday high of $14.66 and the price vacillated in this range throughout the day. The company has a market cap of $2.00 billion and the numbers of outstanding shares have been calculated to be 102.94 million shares.
GoPro Inc (GPRO) on July 27, 2016 announced financial results for its second quarter ended June 30, 2016.
“GoPro is well-positioned for the second half of the year. We now have a simple product line, a clean retail channel and clear indications of strong consumer demand,” said GoPro Founder and CEO, Nicholas Woodman. “HERO5 and Karma will contribute to the largest introduction of products in our history, all in time for what we believe will be GoPro’s most exciting fourth quarter, ever — a quarter where we expect to return to profitability.”
Recent GoPro Highlights Include
- Since the May rebranding of Quik and Splice, these mobile apps have doubled their combined monthly active users to 3.7 million and doubled the amount of shared content each month. Combined, these apps have 37 million cumulative downloads.
- The GoPro Mobile App was downloaded 2.6 million times in the second quarter, totaling over 30 million cumulative downloads; Q2 installs of GoPro Studio was 1.5 million, totaling over 17.7 million cumulative installs, with average daily video exports up 15.3% year-over-year to over 43,500.
- According to The NPD Group’s Retail Tracking Service, GoPro accounted for 6 of the top 10 products, including the top 3 spots, on a unit basis in the digital camera/camcorder category in the U.S. in the second quarter. HERO4 Silver remains the best-selling digital image camera on a unit and dollar basis for the seventh consecutive quarter. By our estimate, Session continues to be the #2 best-selling camera on a unit basis.
- According to NPD, GoPro’s second quarter combined digital camera/camcorder unit share increased 110 basis points year-over-year to 21.3% in the U.S.
- According to GfK, GoPro’s second quarter digital imaging unit share in Europe increased 110 basis points year-over-year to 9.4%. GoPro accounted for 4 of the top 5 camcorders in Europe on a unit basis.
- Revenue was up 20% to $221 million sequentially, driven by an 8% increase in units shipped to 759,000 and an 11% increase in average selling price. On a year-over-year basis, average selling price increased 14%.
- Unit sell-thru was up approximately 10% sequentially and was more than 50% higher than sell-in for the second quarter in a row, resulting in an estimated 35% sequential reduction in channel inventory.
- Inventory declined $50 million, or 36%, from the first quarter to $90 million, our lowest inventory level since the second quarter of 2014.
Shares of PepsiCo, Inc. (NYSE:PEP) ended Wednesday session in red amid volatile trading. The shares closed down -0.71 points or -0.66% at $107.21 with 3.26 million shares getting traded. Post opening the session at $107.76, the shares hit an intraday low of $106.78 and an intraday high of $107.97 and the price vacillated in this range throughout the day. The company has a market cap of $154.36 billion and the numbers of outstanding shares have been calculated to be 1.44 billion shares.
PepsiCo, Inc. (PEP) on Aug. 29, 2016 announced continued progress against the company’s strategy to help protect and conserve global water supplies and provide people access to clean, safe water to communities around the world.
In 2015, PepsiCo reduced its operational water use per unit of production by 26 percent versus a 2006 baseline. This exceeded the company’s previously stated goal to reduce operational water use by 20 percent by the end of 2015.
PepsiCo’s water conservation efforts saved the company more than $80 million between 2011-2015. This is part of PepsiCo’s broader environmental sustainability agenda, which has delivered more than $600 million in cost savings over the past five years through the continued progress of the company’s water, energy, packaging and waste-reduction initiatives.
PepsiCo also continues to expand its efforts to provide access to safe water in water-stressed communities around the world. Through the PepsiCo Foundation, the company has partnered with leading non-profit organizations to now reach 9 million people with safe water access since 2006, far exceeding its original goal of 6 million by the end of 2015.
“Access to safe water is an essential building block for improved social, economic and health conditions in communities around the world,” said Dr. Mehmood Khan, PepsiCo Vice Chairman and Chief Scientific Officer, Global Research and Development. “Companies have an important role to play in solving global water challenges, and we must continuously seek new ways to apply our unique capabilities and expertise to conserve this most precious resource.
“All across PepsiCo, we continue to find innovative new ways to grow our business while using fewer natural resources—water among them,” Khan continued. “By driving down our operational water use and replenishing water within the local watershed, promoting innovative agricultural practices that yield more crop per drop, and enabling access to safe water and sanitation for millions of people, we have achieved important progress and are committed to doing much more in the years ahead.”