Connect with us

Uncategorized

RUM’s Q3 2021 Financial Results

Published

on

GlobeX-gegevens om de Epoch Times Spaanstalige YouTube-programma's te sponsoren - theeopchtimes.com

EDMONTON, AB / ACCESSWIRE / November 25, 2021 / Rocky Mountain Liquor Inc. (TSXV:RUM) (the “Company” or “Rocky Mountain”), listed on the TSX Venture Exchange (the “Exchange”), today reported its financial results for the three-month, nine-month period ended September 30, 2021.

2020 saw a unique increase in demand realized at our liquor store locations as other licensed properties had to close to help mitigate the spread of COVID-19. With the affected businesses reopening, we have seen demand return to normal with significant organic sales growth in 2019. The results of the rebranding strategy first conceived and implemented in 2017 continued to drive sales.

  • Sales of existing stores (stores in operation in 2019 and 2021) were up 8% for the three-month period ending 2021 for 2019 and 10% for the nine-month period ending September 2021. For the three-month period 2021 over 2020, existing store sales declined 10% and 6% for the nine-month period.

  • The company experienced overall average revenue per store growth of 11% for the three-month period ended 2021 for 2019 and 15% for the nine-month period ended September 2021 for 2019 as a result of its continued focus on its rebranding strategy. . For the three-month period 2021 over 2020, average sales per store decreased by 11% and by 9% for the nine-month period.

  • The Company has focused on reducing long-term debt and financing costs. Funding costs in 2021 were reduced by $94,617 for the three-month period of 2019 and $626,658 for the nine months ended September 30, 2021, for 2019. For the three-month period 2021 of 2020, borrowing costs were reduced by $34,892 and $116,196 for the nine month period.

  • Notwithstanding a decrease in store numbers from 2019 to 2021 from 29 to 26, net income improved from a net loss position for the nine months ended 2019 to a net income position in 2021, increasing $1,527,882 over the year. 2019. For the nine-month period 2021 versus 2020, net income decreased by $457,845.

Detailed information in the form of the company’s interim consolidated financial statements and management’s discussion and analysis are available on the company’s website at www.ruminvestor.com and under the company’s terms on SEDAR, www.sedar.com .

MAIN OPERATIONAL AND FINANCIAL METRIN

Financial highlights, September 2021, 2020 and 2019 quarterly comparison:

3 months ended

September 2021

September 2020

Sep 2019

sale

$

11,778,727

$

13.210.088

$

11.785.005

Sale of existing stores (1)

$

11,778,727

$

13,139,687

$

10.929.363

EBITDAR

$

1,025,249

$

1,236,384

$

909.433

Financing costs

$

56,629

$

91,521

$

151.246

Net income (2)

$

468.109

$

690,782

123,283

Number of stores

26

26

29

Financial highlights, September 2021, 2020 and 2019 nine-month comparison:

9 months ended

September 2021

September 2020

Sep 2019

sale

$

33,751,721

$

36.953.004

$

32,867,193

Sale of existing stores (1)

$

33,751,721

$

35,828,073

$

30,577,071

EBITDAR

$

2.655.127

$

3,346,733

$

2.119,921

Financing costs

$

209.375

$

325.571

$

836,033

Net income (loss) (2)

$

928,444

$

1,386,289

(599,438

)

Number of stores

26

26

29

Remarks:

  1. The turnover of existing stores is the turnover of stores that will be in operation in 2021.

  2. The 2019 value for both the three- and nine-months is again adjusted for one time when the convertible bond is deprecated, $3,472,811

About Rocky Mountain

Rocky Mountain owns 100% of Anderson’s Liquor Inc. (“Andersons”), headquartered in Edmonton, Alberta, and now owns and operates 26 privately owned liquor stores in that province, up from 18 stores since common stock began trading in December 2008. is listed on the TSX Venture Exchange (TSX-V:RUM).

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified through the use of words such as “appear,” “seek,” “anticipate,” “plan,” “continue,” “estimate,” “approximate,” “expect” , “may”, “will”, “project”, “forecast”, “potential”, “targeting”, “plan”, “could”, “could”, “should”, “believe”, “would” and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the company’s management’s current expectations and plans for the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as investment decisions. In particular, results achieved in 2021 and prior periods may not be a certain indication of future performance, which is subject to other risks, including but not limited to changes in operating policy, changes in management, changes in strategic focus, market conditions and customer preferences, the impact of the COVID-19 pandemic on our operations and external suppliers. Because forward-looking statements and information relate to future events and conditions, by their nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently expected due to a number of factors and risks, the risks that these events may not materialize, as well as the additional factors discussed in the section titled “Risk Factors” in the Management Discussion and Analysis of RUM, which can be obtained from www.sedar.com. If they do occur, there remains a risk of non-execution for whatever reason. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this press release.

The forward-looking statements and information in this press release are made as of the date hereof and no commitment is made to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws or the TSX-V. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

Neither TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in TSX Venture Exchange policies) assumes any responsibility for the suitability or accuracy of this release.

For more information:

Allison Radford
Director
(780) 483-8183

Sarah Stelmack
Financial director
(780) 483-8177

SOURCE: Rocky Mountain Liquor Inc.

Check out the source version at accesswire.com:
https://www.accesswire.com/674737/RUMs-Q3-2021-Financial-Results

Uncategorized

Our 5 Favorite Promotional Products of the Week: Burrito Bags, McDonald’s Christmas Merchandise, and More

Published

on

By

Our 5 Favorite Promotional Products of the Week: Burrito Bags, McDonald's Christmas Merchandise, and More

We really get into the holiday mood here at PM. By that, we mean our diets are largely cookie-based, our movie selections are typically set in 1990s Chicago, and our homes smell like rich evergreen fields.

It’s pretty sweet, actually. We live here as Buddy the elf. (Which reminds us that we should probably watch “Eleven” tonight.)

However, we don’t just focus on holiday themed promotional items. It would be a shame to overlook so many good products. So while our halls may be decorated, we’re still working on the big picture of the promo industry.

1. Chipotle Foil Gym Bag

Credit: Chipotle Goods

Is there a more beautiful sight than a large burrito wrapped in foil? If there is, these eyes haven’t seen it. You can take this bag, modeled after a packaged Chipotle burrito, and stuff it with all the post-workout burritos you want. You deserve it.

2. Mariah Carey’s McDonald’s Merchandise

Mariah x McDonald’s Merchandise | Credit: McDonald’s

Another endorsement of McDonald’s celebrity. However, it’s hard to find a more appropriate holiday celebrity than Mariah. All we want for Christmas is one of those hats. The shirt is also pretty rad.

3. Bottle Opener ‘The Hangover’

This bottle opener practically comes with a warning message about what can happen after popping that first cold. Do you have a night of facial tattoos and tiger stealing in you?

4. ‘Mr. Robot Magnet

We love when TV shows rely on the in-show universe for promotional items. It kind of invites us in and makes it feel real. We would like the mr. Robot people probably don’t take to their business, but this is cool anyway.

5. Gritty Art Print

Philadelphia’s favorite son can decorate your home in a very tasteful and modern way with this print. You can show off your Flyers fandom as well as show your way at the Art Museum past the Rocky statue.

Continue Reading

Uncategorized

Employee satisfaction increases due to automation in the workplace

Published

on

By

Employee satisfaction increases due to automation in the workplace
shutterstock-1401388799.png

New research links lower stress levels and business automation

There are 12 technology trends that will power digital business and innovation over the next three to five years Gartner. The 12 technology trends are:

  1. Data Fabric
  2. Cyber ​​Security Network
  3. Privacy-enhancing calculation
  4. Cloud-native platforms
  5. Composite Applications
  6. Decision intelligence
  7. Hyperautomation
  8. AI technology
  9. Distributed Enterprises
  10. Total experience
  11. Autonomous systems
  12. generative AI

Gartner defines Hyperautomation as a “disciplined, business-driven approach to quickly identify, vet, and automate as many business and IT processes as possible. Hyper-automation enables scalability, remote control, and business model disruption.” Gartner notes that hyperautomation involves the orchestrated use of multiple technologies, tools, or platforms, including:

  • Artificial intelligence (AI)
  • machine learning
  • Event-driven software architecture
  • Robotic Process Automation (RPA)
  • Business process management (BPM) and intelligent business process management suites (iBPMS)
  • Integration platform as a service (iPaaS)
  • Low code/no code tools
  • Packaged software
  • Other types of decision making, process and task automation tools
2022-top-technology-trends.png

Gartner Top Strategic Technology Trends 2022

Gartner

The key technology trends that will shape the next decade, per McKinsey includes the following:

image1.png

McKinsey: Top 10 Tech Trends That Will Shape the Next Decade

World Economic Forum/McKinsey

  1. Process automation and virtualization
  2. The future of connectivity
  3. Distributed Infrastructure
  4. Next Generation Computer
  5. Applied Artificial Intelligence (AI)
  6. Future of programming
  7. Reliable architecture
  8. Bio-revolution
  9. Next Generation Materials
  10. Future of clean technology trends

Regarding the first technology trend, process automation and virtualization, McKinsey notes, “About half of all existing work activities could be automated in the coming decades as higher-level process automation and virtualization become more common.

“By 2025, more than 50 billion devices will be connected to the Industrial Internet of Things (IIoT),” predicts McKinsey. Robots, automation, 3D printing and more will generate approximately 79.4 zettabytes of data per year.

Both Gartner and McKinsey point to the massive adoption of automation in business as a key strategic trend in the coming decade. Automation will accelerate decentralization and digital transformation.

The pace of digital change in business shows no signs of slowing down in 2022. Latest survey from MuleSoft identifies 7 key digital transformation trends that will shape the future of work in 2022 and beyond. The top 7 trends shaping digital transformation in 2022 are:

  1. The future of work will be built on connected, hybrid experiences.
  2. The composable business is maturing.
  3. The rise of the business technologist.
  4. Hyperautomation unlocks digital value.
  5. Standard security is a must.
  6. The emergence of hybrid, distributed ecosystems adds complexity.
  7. A single source of truth becomes the key to the data-driven business.

According to MuleSoft, automation will be a fundamental driving force for the modern digital enterprise rather than being used in piecemeal projects. Hyperautomation is about scaling automation across the enterprise through the reuse of processes and the deployment of multiple, integrated technology capabilities, such as low-code platforms, machine learning, and robotic process automation (RPA). It’s a market that the analyst predicts will grow nearly 24% from 2020 and be worth nearly $600 billion by 2022 — as organizations strive to quickly identify and automate as many processes as possible.

Per Deloitte, 93% of business leaders expect to be using RPAs by 2023. Research from 2021 shows that automation will accelerate business decentralization with a digital-first investment and a new capability strategy. Customer service is an example of an industry that will undergo significant hyper-automation. Service organizations are moving to hyper-automation. One area of ​​service automation that is getting a lot of attention is chatbots. Currently, 83% of customers expect to contact someone directly when they contact a company — up from 78% in 2019. These dynamics are putting pressure on already tense teams. Unsurprisingly, at the same time, we’ve seen chatbot adoption grow at a rapid pace.

The latest survey from Sales team revealed that automation solutions increase productivity and better manage employee stress levels. The survey identified four key ways workplace automation has actually improved employee experiences, both personally and professionally. The Salesforce survey, conducted in October 2021 of 773 automation users in the United States, found that 89% are more satisfied with their job and 84% more satisfied with their business as a result of using automation in the workplace. In addition, 91% of full-time workers say automation saves them time and provides a better work-life balance.

Here are the 4 main themes of the automation survey:

  1. Automation drives productivity and team collaboration: 90% of IT users claim that automation has made them much more satisfied with cross-departmental collaboration.
  2. Automating tasks saves time and reduces errors: 81% of automation users are not concerned that automation will replace their job. The study further challenged skeptics by showing that 88% of users now trust automation solutions to perform tasks flawlessly. 92% of users are more satisfied with productivity and 85% of users are more satisfied with collaboration within their teams. Forty-seven percent of users say that automation solutions mean fewer subordinate tasks in their day-to-day work.
  3. Time saved with automation provides space for employees to tackle new projects and career: Research shows that 83% of users say that automation solutions have given them time to take on new, challenging projects. In addition, 83% of users say that automation solutions have given them time to learn new skills. Research also found that 77% of users say automation solutions have given them more time to deepen relationships with customers and stakeholders. All of these trends point to an improved career path based on better and faster results and the ability to create value together.
  4. Automation solutions lower stress, increase balance – the survey shows that there was a plus 25% increase in positive views about automation before versus after using automation tools. As a result of automation solutions, 89% of users are more satisfied with their daily work, 84% of users are more satisfied with their business in general, and 76% of users are more satisfied with their stress levels. Finally, 91% of users believe that automation solutions save them time and provide a better work-life balance.
happyworkforceautomationssolutions.png

The positive impact of automation for employees

Sales team

The adoption of automation across the business is being driven from both the outside and the inside of IT. We are seeing incredible adoption of low-code or no-code automation across all industries. By the end of 2025, Gartner predicts that half of all new low-code clients will come from non-IT enterprise buyers, as citizen developers on those teams carry more of their own projects, reducing the burden on IT.

Whether it’s low-code technology or workflow automation, the secret to digital transformation is to efficiently delegate work and increase the automation output of all organizations. Business teams must be empowered to transform their own processes, automate simple, repetitive tasks – and thus enable successful experiences, both virtual and in person, through ever-expanding touchpoints. The companies that will succeed and win in a digital-first economy are those that are fully committed to improving their automation capabilities across all industries.

Continue Reading

Uncategorized

I won £2.6m in the lottery after the numbers came to me in a DREAM…it was meant to be

Published

on

By

I won £2.6m in the lottery after the numbers came to me in a DREAM…it was meant to be

AN AUSTRALIAN man has won a staggering £2.6million on the lottery – after the numbers appeared to him in a dream.

The lucky winner from Marion, South Australia bought The Lott’s Set for Life ticket on December 5.

The lucky numbers a man chose for his destiny after seeing them appear in a dream

2

The lucky numbers a man chose for his destiny after seeing them appear in a dreamCredit: News Flash

He had the only winning entry in the first division for draw 2313 and can now expect £10,806 to be deposited into his account every month for the next 20 years.

The winner said: “I buy Set for Life tickets every week. It’s my favorite lottery game.

“I popped in this morning to get some groceries when I thought I’d check my ticket.

“When I scanned the ticket, the prize money didn’t show up, so I thought I had won something good. I immediately went to the head office to find out exactly what it was.

“I couldn’t believe it when they told me I had won the first division!”

He added: “It’s so surreal.”

The man said that the numbers came to him in a vivid dream several years ago, and that he has remained faithful to them all this time.

“It was such a vivid dream, and in it I used the numbers to play the lottery and then I won the first division,” he said.

“It felt like a hunch. I’m not joking! This is not made up. It really happened.”

He added: “It feels like it was meant to be. It’s unbelievable.”

The man said it is “an incredible win” and will be “life-changing”, adding: “I’m still working and so is my wife, but now we can cut back or even retire.

“It means we don’t have to work anymore if we don’t want to.

“We will also help our children, and the rest we will use to really enjoy life.”

He’s not the only one feeling smug with his winnings as a lucky spanish gambler managed to rake in an impressive £122 million on the Euromillions.

Meanwhile, another superstitious woman won £184 million on her first-ever EuroMillion lottery ticket after buying it “on a hunch”.

The Set for Life is an Australian lottery service

2

The Set for Life is an Australian lottery serviceCredit: News Flash
I won £1million on EuroMillions after my lover told me he wasn’t ‘gullible enough’ to play

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.