BREWED BEHAVIOUR
Lifestyle, Fitness, Health, and more.
They Opened in Adelaide on Purpose
Janine Allis was living in Melbourne. She opened the first Boost Juice in Adelaide. That decision is the most useful thing in the entire story and it almost never makes the retelling, because it is not a decision about ambition. It is a decision about where to be bad at something. Adelaide was chosen because it carried less financial risk. Lower costs, cheaper leases, and the ability to learn from mistakes and build a business model out of the...
The Operator Comes Back as the Money
Chris Griffith was going to retire. He is instead part of a private equity team seeking to raise $1 billion to invest in African critical minerals, alongside Colin Coleman, formerly Goldman Sachs's sub-Saharan Africa chief, and Sam Jonah, the Ghanaian mining executive and former Ashanti Goldfields chairman, with colleagues in Ghana and South Africa. I was contacted by a private equity team that is starting up, he told Investec Minds. So I'm...
Fewer People, Bigger Bill
Cracker Barrel reported fourth-quarter adjusted earnings of $0.99 a share against a consensus of $0.10, an 890 percent surprise, on revenue of $849.3 million versus $828.78 million expected. The shares rose somewhere between 6.6 and ten percent depending on when you looked. Adjusted EBITDA reached $62.1 million from $55.7 million, though that figure included a benefit of roughly $9.1 million from tariff refunds net of investments. GAAP net...
The Retailer Ordered Cautiously
Warpaint London, the AIM-listed cosmetics group behind W7, Barry M and Dirty Works, reported first-half revenue down 17.8 percent to £40.5 million from £49.3 million. Adjusted EBITDA fell 36.4 percent to £6.8 million and pre-tax profit 33.2 percent to £4.9 million. The shares fell between eleven and fourteen percent. Gross margin rose 230 basis points to 47.3 percent. Those two facts sitting together are the interesting part, and the...
The Wear Ends Up Somewhere
Researchers at Rush University Medical Center examined autopsied brain tissue from participants in the Rush Memory and Aging Project. Of 885 participants, 701 brain samples entered the final analysis: 229 people who had received total shoulder, knee or hip replacements, and 472 without, serving as controls. Cobalt concentration in brain tissue was 8.9 percent higher in the total hip replacement group than in the no-replacement group....