ColeSoft Signs Reseller Agreement with UK-Based Mainframe IT Leader Vertali

NEW YORK--(BUSINESS WIRE)-- ColeSoft, an Izzi Software company, today announced that it has inked a global reseller deal with Vertali for its z/XDC product, the leading debugging tool purpose-built for mainframe systems. This is the first-ever reseller agreement signed by ColeSoft, which was acquired by Izzi Software in 2024. z/XDC will be bundled with technologies from leading mainframe technology companies to help Vertali's customers solve their biggest business and technical challenges.
Andrew Penlington, Channel Partner Manager at Vertali, says that, 'It is impossible to overstate the importance of debugging as early in the development process as possible, and ColeSoft has a 30+ year track record of helping organizations get their products to market faster while reducing errors that can cost organizations time and money. We have never had a product like this in our arsenal, and Vertali couldn't be happier to work with Dave Cole and his amazing team to add this critical capability to our stack.'
Calin Cole, President of ColeSoft, says, 'Debugging is often seen as a way to fix problems that pop up in the development process, but it's much more fundamental than that - it's about preventing structural problems that can delay or destroy the ability to build and release products on time and on budget. Vertali has built a world-class suite of services and products for the mainframe world, and we are honored to have been selected as their debugging tool of choice to help major organizations that depend on IBM Z optimize their operations.'
About Izzi Software
Izzi Software was founded by experienced M&A experts and is led by a team with deep expertise in the IBM i and IBM z environments. The company is owned by Big Band, which has an impressive track record in buying and running B2B SaaS businesses that are growing and profitable, with ARR in the range of $2M to $10M. Izzi acquired ColeSoft, which was founded in 1982, in 2024.
About Vertali
Headquartered in the UK, Vertali provides mainframe services, skills, resources, and software to organizations globally. Working for clients in sectors such as financial services, retail, utilities and government, its consulting approach blends unparalleled expertise with many years' hands-on experience. It offers a pool of skills that are not available anywhere else, including mainframe consultants, security experts, and other senior practitioners. Vertali's stated mission is to help clients to reduce risk, work smarter, and deliver on their mainframe strategy. https://vertali.com/

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14 hours ago

• Refinery29

A Week In Boston On A $282,000 Household Income

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We're asking real people how they spend their hard-earned money during a seven-day period — and we're tracking every last dollar. Today: a research manager who has a $282,000 household income and who spends some of her money this week on drain snakes. If you'd like to submit your own Money Diary, you can do so via our online form. We pay $150 for each published diary. Apologies but we're not able to reply to every email. Occupation: Research manager Industry: Government Age: 32 Location: Boston, MA Salary: $102,000 Joint Income & Financial Setup: ~$282,000. This includes my and my husband K.'s W2 incomes, rent from a rental property (which basically just covers the mortgage), and rent from a close friend who lives with us (she was away for most of the week that I kept this diary, but we all love spending time together). We also resell some clothes and furniture, which is inconsistent so we don't count it as income. K. and I have joint checking and savings accounts, as well as individual checking and savings accounts. Given our similar incomes, we contribute the same amount to all our joint accounts. Assets: We have joint and personal checking accounts (totaling $1,805) and joint and personal HYSAs (totaling $13,120). My additional personal accounts are: traditional IRA: $67,295; 457(b): $42,000; taxable brokerage: $29,227; Roth IRA: $21,078; and ~$35,000 in a pension account that I don't have access to yet. K. has ~$180,000 across his 401(k) and Roth IRA. We also own two homes together (~$900,000 each), a car (~$34,000 value), and a motorcycle (~$15,000 value). We have mortgages/loans on all but the motorcycle. We also have a 529 plan for our toddler ($2,380), but do not count this toward our assets. Debt: $1,244,000 — this is mostly mortgages, plus a $33,000 car loan, ~$70,000 in student loans, and ~$1,000 in hospital payment plans. Paycheck Amount (Biweekly): $4,940 (our salaries, minus retirement and health insurance). We also receive $4,900 in rent monthly. Pronouns: She/her Monthly Expenses Housing Costs: $3,700 for mortgage plus HOA for a four-bed/three-bath home (increasing soon to $4,050, due to an escrow shortage — proof that your mortgage amount can fluctuate!). Loan Payments: Home #2 mortgage: $3,300; student loans: $480; car payment: $1,000. Child Care: $500 (we are lucky to have child care support from a family member, Z.). Gas & Electric: ~$130 Phones: $95 (we also pay for Z.). Internet: $113 Pet Insurance: $88 Dog Food: $70 529 Plan: $50 Compost: $20 Subscriptions: $45 (Netflix, Disney Plus, dog chip, Apple storage, misc.) My Pension Contribution: $820 My 457(b) Contribution: $500 K.'s 401(k) Contribution: $732.92 Health/Dental/Vision Insurance: $800 for health (for the three of us; comes out of K.'s paycheck); dental/vision is $12. Medical Payment Plans: $120 My Gym: $60 (K. pays for his gym yearly in a lump sum). Donations: $52.50 (I pay for this). Support For Family Member: $10 (K. pays for this). Yearly Expenses Car Insurance: $1800 Motorcycle Insurance: $225 (K. pays for this). Water Heater Maintenance: $250 Amazon Prime: $69 Engagement Ring Insurance: $123 (I pay for this). Credit Card: $95 Costco Membership: $60 Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it? To be honest, I didn't realize there was another option. My parents both have degrees from their home country so they talked about the importance of education, and I always did well in school, so it felt like a natural path for me. I went to an expensive private university and received significant financial aid along with a lot of local and national scholarships, which covered almost all of my tuition, room, and board. I don't remember exactly but think I may have left college with $10,000-$15,000 in loans, which I paid off as quickly as possible. I also received my master's for free while working as a research assistant and receiving a stipend. Growing up, what kind of conversations did you have about money? Did your parent(s)/guardian(s) educate you about finances? We shopped at secondhand stores, bought mostly sale items, and always used coupons at grocery stores. I think our conversations were mostly about the need to work hard, not overspend, and look for discounts. We didn't talk about investing until I was in grad school (when I prompted my parents about it) and as a result I ended up putting my savings in CDs for about five years — I wish I had known to invest it in index funds instead! Looking back, I was so naïve about money growing up. I assumed anyone who had a full-time job was able to pay for their necessities and that people picked careers based on their talents and interests rather than the income potential. I was very anti-money, anti-spending until sometime in my mid to late 20s. I don't know why it took so long for reality to hit. What was your first job and why did you get it? My parents wanted me to focus on academics growing up, so I wasn't allowed to work during high school. My first job outside of occasional babysitting was at a YMCA camp the summer before college. Did you worry about money growing up? My parents tried to give my siblings and me everything we needed and most of what we wanted, and we had a great middle-class life. But I'm sure some of the priorities they had for us — like regular travel, enrolling us in sports and other activities, and giving us generous gifts for birthdays and Christmas — brought on financial stress. My parents also have different money habits and earnings, and we experienced the tension of this. I knew they were frequently stressed about money, so I always tried to add as little financial stress as possible. This manifested as me trying to be fiercely self-sufficient, not asking for extras like attending school-organized trips, spending my senior year of high school applying to every possible college scholarship I was eligible for, and compulsively saving even through my mid 20s (doing things like going to restaurants with friends and getting only water, which I now understand were quite extreme habits that made others uncomfortable). Do you worry about money now? Recovering from a scarcity mindset and lifelong cheapness, I actively remind myself that although my frugality served me well earlier in my life and I'm proud of it, I no longer need to live that way. With that said, I worry in some ways. My husband K. and I have an income and net worth that look great on paper, but we live in a high cost of living area, don't have a lot of wiggle room in our expenses at the moment, need to do some major home renovations, and expect to financially have to provide for one or both sets of our parents as they get older. In addition, we want money to be a tool rather than a stressor, in contrast to how we both grew up. All of the above leads us to want higher-paying jobs, but this is complicated by today's job market and figuring out if it makes sense to give up our current flexibility for more demanding jobs (while we have young kids). I'm also interested in pursuing FIRE (financial independence retire early) to relieve ourselves of financial stress and get to make choices like taking a sabbatical from work and working part-time before traditional retirement age, but I know this requires more income. At what age did you become financially responsible for yourself and do you have a financial safety net? I was financially responsible for myself when I graduated college in that I paid for all my expenses myself (besides staying on my parents' health insurance until age 26). However, I lived with family for eight months when I struggled to find a job after grad school. Since finding that first post-grad job at age 24, I've been entirely financially responsible for myself. K. and I are both financial safety nets for our families, and we are each other's. Do you or have you ever received passive or inherited income? If yes, please explain. My parents unexpectedly gifted us $10,000 for our wedding, which covered the cost of our wedding. Day One: Saturday 5:30 a.m. — My 1.5-year-old toddler, Q., wakes up crying. Guess it's an early day, so we play, have breakfast of over-medium eggs with hummus and toast, and get ready for the day. 9:30 a.m. — Walk to the park with my husband (A.), Q., and our dog and stop at Dunkin' on the way. K. gets a sandwich-hash-brown-coffee combo and I get a chai latte. I'm not sure why I thought this was a decent choice, but the almond milk and chai syrup combination was not doing it for me. I generally try hard not to be wasteful, but after a few sips I had to dump this out. In my defense, we rarely order from here! $10.47 10 a.m. — Q. has been on a one-nap schedule for a few weeks but she falls asleep in the stroller during our walk. A perfect sunny day for an outdoor nap! We alternate throwing a tennis ball for our dog and playing on the playground with Q. once she wakes up, then head home. 1 p.m. — Have lunch and put Q. down for another nap, then cuddle and nap with K. Much-needed naps for everyone! 6 p.m. — Head to a concert with a friend while husband puts Q. to bed. Venmo my friend for my ticket. $50 9:30 p.m. — The concert is fantastic! I head back home when it finishes and am finally in bed at 11:30 p.m. after a great day. I haven't done many evening activities with friends since Q. was born, so tonight feels extra special. Daily Total: $60.47 Day Two: Sunday 6:30 a.m. — I meet a friend and her toddler at a café, and we catch up while our kids play, messily (but happily) drink smoothies, and wave to strangers. We get smoothies and matcha. $20 10:30 a.m. — Q. takes a surprise nap in the car so I drive around and head to the hardware store, sitting in the car until she wakes up. When she's awake we go in to pick up paint. $25.49 12 p.m. — Eat lunch with Q. (lentil stew with rice) and walk with her to a new playground. Later in the afternoon, I put Q. down for a nap, clean up the house, and do an online Pilates class. 5 p.m. — Feed Q. dinner. Today it's a quinoa and beef meatball, broccoli and carrot soup, and strawberries. I like to batch prep and freeze various meals and snacks, so meals are easy to put together (things like turkey meatballs with spinach, rice with beans and beef, chicken soup, noodles with a mixed vegetable sauce, oatmeal bars, veggie and cheese muffins). 6:30 p.m. — Start the bedtime routine, giggling with Q. about belly buttons and funny sounds. Put Q. to bed while K. picks up Mediterranean plates (one falafel, one meat) for us from a local restaurant, za'atar, spinach boreka, and baklava. We hang out for the rest of the night in between cleaning up from the day and taking our dog out. $59.94 Day Three: Monday 6:30 a.m. — Got to sleep in today, thanks to Q.'s wake-up time! Hang out in bed with K., Q., and Q.'s requested pre-breakfast snack (bread). An hour later, Q. and I make a smoothie using cottage cheese, strawberries, kiwi, and pear. She munches on a bit of everything and puts things in the blender. She loves doing this recently, which makes me happy because I really want to make cooking fun for our kids! We have our smoothie with pancakes for breakfast. 8:30 a.m. — Log in for work when our family member, Z., arrives to help with child care. We're grateful to have Z.'s support on weekdays while we work full time. Work a bit, then take our dog out for a quick walk. 10:30 a.m. — Take a rare couple of hours off during the day and head to a 90-minute massage with foot reflexology! K. had found this fantastic place on Groupon that has a more relaxing, upscale vibe than my usual favorite in Chinatown. Get a prenatal massage (my first!) and feel pleasantly surprised at the good pressure my massage therapist uses. The Groupon was previously paid for, so I add tip. $26 2 p.m. — Back home for lunch and another couple hours of work updating interview guides, designing study protocols, and planning focus groups. K. buys something on Amazon. $7.49 5:30 p.m. — Log off and quickly prep Q.'s dinner. K. feeds her while I take our dog out and put away laundry. Then K. heads to the gym, I give Q. a bath, we play as she learns to give kisses and thinks it's the funniest thing ever, and we read books and sing songs. She falls asleep at 7:15 p.m. K. stops at the grocery store to buy sliced cheese, tomatoes, cookie dough, bananas, and clementines. $33.26 8 p.m. — Scroll on my phone for too long but eventually mobilize for an online Pilates class. I'm loving Move with Nicole and Pregnancy and Postpartum TV on YouTube lately! 9 p.m. — Prep Impossible Burgers and salad with K. and eat together while chatting about friendships we've built across different phases of our lives, and how special it is to have friends from childhood who've been part of our most awkward times. Sleep at 10:30 p.m. Daily Total: $66.75 Day Four: Tuesday 6 a.m. — Q. cries and calls for us but stays laying down. This has been new for the past week as she adjusts to her new one-nap schedule. We get her at 6:20 a.m. and she eats a banana and tangerine in our bed, and we all play together, read, and listen to music. There's a whole lot of 'Wheels on the Bus' and 'Baby Shark' in our lives lately! 7:30 a.m. — Prep tomato scrambled eggs with cheese in a tortilla for our breakfast while Q. munches on an apple in her kitchen tower next to me. We eat together then get ready for the day (lotion, get dressed, brush teeth and hair). Z. arrives at 8:30 a.m. so I get dressed, log in for work, and clean up the kitchen from breakfast. 9 a.m. — Handyman arrives to fix some things in our bathroom; I spend a couple hours working. $200 11 a.m. — Take our dog for a walk while listening to the Financial Feminist podcast — one of my favorites! When I get back I chat with K. about HELOCs. We are planning on taking one out for needed home repairs on our rental property but aren't looking forward to the extra payments. I love the idea of a cash-out refinance to cover renovations, but we have a great mortgage interest rate right now and changing that unfortunately wouldn't make financial sense. 12 p.m. — Have a few meetings, and after a few hours take an unexpected nap. Unusual for me but much-needed during pregnancy! I'm right at the end of my first trimester, and the trend in my pregnancies seems to be major exhaustion in the first trimester. 5:30 p.m. — Prep Q.'s dinner and feed her (turkey meatballs, English muffin, tabbouleh, shredded carrots), then head to the gym! I was in a workout rut postpartum (motivated but uninspired, which led to unstructured workouts) but became focused and energized once I committed to sprint triathlon training. I did that for about three months before getting pregnant again (and endlessly tired and bloated), so my workouts are triathlon-lite. I run a few miles, getting a random nosebleed partway, then finish my workout with some weights. 8 p.m. — Stop at the grocery store on my way home to buy strawberries, zucchini, cabbage, beef patties, potato chips, and cheese. When I arrive home K. and I make burgers with salad and hang out. I plan most of our meals and aim to mix up what we eat for variety of nutrients and flavors, but we're having the same dinner as yesterday because it was good, easy, and healthy enough. $36.07 10 p.m. — Take our dog out and shower while K. cleans up, and we head to bed at 10:30 p.m. Daily Total: $236.07 Day Five: Wednesday 5 a.m. — Q. cries and we watch her on the monitor hoping she'll fall back asleep. She finally falls back to sleep around 5:45 a.m. We get her at 6:30 a.m. and she hangs in bed with us while reading and eating a banana. 7 a.m. — Get ready to head into the office, struggling to find clothes that don't show I'm pregnant. This is especially hard in my second pregnancy, as I'm showing much earlier than in my first. 8 a.m. — Have breakfast with Q. (a smoothie with strawberries, Greek yogurt, cottage cheese, and chia seeds) with peanut butter toast. K. finds a new leak in our basement from the tankless water heater (we had the yearly maintenance done last week), so we'll have to re-contact our plumber. 8:45 a.m. — Head to work on the bus then the T (Boston's subway). This trip costs $2.40, but I use my pre-loaded Charlie card (Boston's commuter card). 9:30 a.m. — Arrive at work, grab a seltzer, and crank out some work for a few hours. I munch on TJ's dark chocolate-topped rice cakes while working. 12 p.m. — Pizza at work! 1 p.m. — Add some money to my Charlie card and take the T to my ultrasound and OB appointment; K. drives to meet me there. $20 2:30 p.m. — We have a long ultrasound in which the tech had a lot of challenges finding what they needed, followed by a meeting with the OB. We got some inconclusive news: a high nuchal translucency (NT) result which could indicate potential genetic 'abnormalities'. I remind myself that the result could easily have been due to human error or the baby being in a strange position, and that we don't know anything for sure yet. We pay for parking. $8 4:30 p.m. — Stop at the store for drain snakes, a kids' birthday card, and two boxes of Perfect bars. $33.97 5 p.m. — Play with Q., do another half-hour of work, and prep Q.'s dinner. Our roommate arrives back from a trip so we all sit with Q. as she eats, listening to music and trying to keep her from throwing food and dumping out milk. K. and I usually switch off going to the gym while the other starts the dinner and bedtime routine with Q, but neither of us is in the mood to work out after our weird news so we agree to take it easy and get takeout. 7:30 p.m. — Shower while K. picks up our food (bibimbap and taro boba for us to share). We eat while watching a bit of a Korean drama. $40.94 9:30 p.m. — Take our dog out while K. does the nightly clean-up of the house. Before bed, I write a message to my OB requesting a repeat ultrasound. Daily Total: $102.91 Day Six: Thursday 6:40 a.m. — Q. sleeps in so we do too! My cute fam plays while I get ready for work. 7:15 a.m. — Play with Q., teach her how to beat an egg for the French toast we're having this morning (with yogurt, peanut butter, and kiwi), and eat together. I head to work after Z. arrives, taking the bus and T. 11 a.m. — Have some meetings and schedule follow-up prenatal care. My OB agreed to a repeat ultrasound but suggested we meet with a genetic counselor anyway. 1 p.m. — I break for lunch, eating the quickest meal I could come up with this morning after not prepping a lunch last night: a cheese sandwich, Chobani yogurt, and banana. Go to a meeting and work on a bunch of collaborative documents. 3:30 p.m. — Leave work to finish out the day at home, first stopping at Trader Joe's to buy crackers, cheese, tulips, chickpea pasta, vegan ground beef, pasta sauce, potatoes, dill, cottage cheese, yogurt, peanut butter, salmon, firm tofu, unsalted sardines (so stinky but Q. loves these), and a lemony arugula salad. $74.50 4:45 p.m. — Get home, hug Q., and have fun unloading groceries with her help. K. gets home a half-hour later from the gym after stopping at a store on the way home for oat milk, cheese, and crackers. He takes Q. on a walk while I prep dinner: baked marinated salmon, potatoes with dill, and salad, then Q. has her dinner. $21.36 6:30 p.m. — K. registers us for a 5k next month and starts the bedtime routine with Q. while I clean up the kitchen. $80 7:30 p.m. — I take our dog for a walk and do a short Pilates class. It's a lower-impact workout than I usually lean towards, but I'm okay with that. We have dinner around 8:30 p.m. while watching Reacher, then shower and head to bed. Daily Total: $175.86 Day Seven: Friday 5:30 a.m. — Q. wakes up crying. We wait to see if she settles herself. She doesn't, so K. spends time with her until 6 a.m. while I sleep in, then they join me in bed with an apple. 7:30 a.m. — Q. and I have a breakfast of eggs scrambled with onion and butter, along with toast and grapes. 8:30 a.m. — Z. arrives and I get started with work. I have a few meetings, drink coffee, and walk our dog while talking to my OB about how they have confidence in the results of the initial ultrasound and don't expect a different result in a repeat ultrasound — but that we are welcome to do it regardless. 12:30 p.m. — Take a break to chat with K., eat a quick lunch, schedule a few medical appointments, and have therapy. I meet every other week with my therapist and spend a lot of today talking about family relationships and the weight of expectations that leave me feeling like I'm both doing things wrong, and unsure of what I genuinely want for myself. $50 2 p.m. — K. and I meet with a genetic counselor and have a better understanding of what the ultrasound results mean, the high probability that everything is 'normal' despite the higher NT, and the options of procedures that can give a definitive result. Return to work. 5 p.m. — I cook a Korean stew (soondooboo using The Korean Vegan's recipe) with rice for dinner while K. and Q. go for a walk. When they return, I sit with Q. while she eats then give her a bath. 8:30 p.m. — We have dinner, then I write a check for our friends' child's first birthday that we'll gift along with a cute aquarium toy we had purchased a few weeks ago. $30 10 p.m. — Order flowers for my grandma's birthday in a couple weeks. This cost will be split three ways, but I cover it for now. $90 Daily Total: $170 The Breakdown Conclusion 'This diary is a pretty standard representation of a week for our family, with reasonable and unsurprising expenses. It's not every week we sign up for races, go to concerts, or buy birthday gifts, but the bulk of our day-to-day expenses tend to be pretty basic: groceries, things for our home, some takeout. Although our weekly spending didn't surprise me much, the tallying up of assets and debts was new for me, as I have only ever done that on an individual level. Looking at our recurring expenses in this format was interesting, too; I'd love to cut down on those to have more flexibility day-to-day and in planning for our future, but I'm conscious of not returning to my ultra-frugal ways and creating unnecessary strictness in our spending! 'As a quick update on the pregnancy pieces of this diary, we're grateful that all turned out normal after our genetic testing!'

Yahoo

2 days ago

• Yahoo

La-Z-Boy Inc (LZB) Q4 2025 Earnings Call Highlights: Strong Sales Growth Amid Economic Challenges

Consolidated Delivered Sales: $571 million for Q4, up 3% year-over-year; $2.1 billion for the fiscal year, up 3% year-over-year. Retail Segment Sales: Increased 8% in Q4, driven by new stores and acquisitions. Wholesale Segment Sales: Grew 2% in Q4, led by core North American business. Operating Cash Flow: $187 million for the fiscal year, up 18% year-over-year. Adjusted Operating Income: $54 million for Q4, up 3% year-over-year; $161 million for the fiscal year, up 1% year-over-year. Adjusted Operating Margin: 9.4% for Q4; 7.6% for the fiscal year. Adjusted Diluted EPS: $0.92 for Q4; $2.92 for the fiscal year. Cash and No Debt: $328 million in cash with no external debt. New Store Openings: 11 new company-owned stores opened during the fiscal year. Shareholder Returns: $113 million returned through share repurchases and dividends, including a 10% dividend increase. Joybird Sales: Decreased 21% in Q4; sales increased 5% for the fiscal year. Same-Store Sales: Written same-store sales for the retail segment decreased 5% in Q4. Warning! GuruFocus has detected 3 Warning Sign with LZB. Release Date: June 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. La-Z-Boy Inc (NYSE:LZB) reported strong fourth-quarter results with consolidated delivered sales of $571 million, a 3% increase compared to the previous year. The retail segment sales grew by 8%, driven by new stores and acquisitions, highlighting the success of their direct-to-consumer growth strategy. La-Z-Boy Inc (NYSE:LZB) opened its 200th company-owned store, now owning 55% of the total network, which strengthens their market presence. The company generated $187 million in operating cash flow for the year, an 18% increase from the prior year, and returned $113 million to shareholders through share repurchases and dividends. La-Z-Boy Inc (NYSE:LZB) maintains a strong balance sheet with $328 million in cash and no external debt, providing financial stability and flexibility for future investments. Written same-store sales for the retail segment decreased by 5% compared to the prior year's fourth quarter, indicating challenges in maintaining consistent sales growth. Joybird, a digitally native brand under La-Z-Boy Inc (NYSE:LZB), experienced a 21% decrease in written sales for the quarter, reflecting the impact of rising macroeconomic uncertainty on consumer behavior. The wholesale segment faced challenges with a significant customer transition in the international business, impacting margins and requiring strategic adjustments. The effective tax rate increased to 31.4% for the fiscal year, primarily due to a nondeductible goodwill impairment charge related to the UK business. The company anticipates continued challenges in the macroeconomic environment, which could impact consumer spending and overall industry growth in the near term. Q: Can you discuss the potential for the wholesale segment to reach a 10% margin and the factors contributing to this goal? A: Taylor Luebke, Senior Vice President, Chief Financial Officer, explained that achieving a 10% margin in the wholesale segment is part of their long-term Century Vision strategy. This includes a distribution and home delivery redesign project, which is expected to contribute significantly. However, reaching this goal also depends on a healthy industry environment, particularly a robust housing market. Q: Why is La-Z-Boy undertaking a distribution network redesign now? A: Melinda Whittington, President, Chief Executive Officer, Director, stated that the redesign is driven by recent acquisitions and the need for efficiency. The project aims to reduce warehouse overhead, optimize routes, and improve delivery experiences, ultimately enhancing service levels and reducing costs. Q: How did La-Z-Boy's sales outperform expectations despite a challenging start to the quarter? A: Melinda Whittington noted that despite a tough February, the company executed well, focusing on consumer satisfaction and business partner collaboration. This led to stronger-than-expected sales by the end of the quarter, even amid increased macroeconomic challenges. Q: What impact did tariffs have on La-Z-Boy's financials, and how is the company addressing this? A: Taylor Luebke mentioned that while tariffs did have an impact, La-Z-Boy mitigated this through nominal pricing actions and strategic inventory management. The company remains agile to respond to any changes in trade policy, focusing on minimizing consumer impact. Q: What is the long-term plan for Joybird stores, considering the current economic challenges? A: Melinda Whittington expressed confidence in Joybird's potential, noting plans to open three to four new stores this year. While the brand is still young and faces challenges, there is potential to exceed the initial goal of 25 stores, with a focus on prudent growth and optimizing the consumer experience. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo

3 days ago

• Yahoo

Move Over Hims & Hers Health: This Insurance Business Could Be the Next Monster Healthcare Stock (Hint: It's Not UnitedHealth)

Telemedicine company Hims & Hers Health has been one of the hottest healthcare stocks in recent memory. Changes at UnitedHealth Group have attracted the attention of investors, but a smaller player called Oscar Health is the one to pay attention to. Oscar Health's business model and approach are similar to Hims & Hers, and it seeks to disrupt legacy insurers. 10 stocks we like better than Oscar Health › When it comes to healthcare stocks, many investors pay attention to the usual suspects: Eli Lilly, Novo Nordisk, CVS Health, or Johnson & Johnson. These companies have built up enormous brand equity thanks to blockbuster drugs and widely recognized pharmacy management services. With the exception of CVS, whose shares have risen 46% so far this year, none of the other companies have generated robust stock price returns so far in 2025. Lilly, Novo, and Johnson & Johnson are seeing share price pressure over concerns that President Donald Trump's administrative actions could impact the pharmaceutical industry -- particularly as it relates to tariffs and medication pricing. One healthcare player that is (so far) outmaneuvering investor trepidation throughout 2025 is telemedicine company (NYSE: HIMS). Its share price is up 138% in 2025 (as of June 17). While buying into Hims and Hers stock to follow the momentum is tempting, I think a different, dirt cheap health insurance stock is positioned for a breakout akin to Hims & Hers Health. And no, I'm not talking about the beaten-down UnitedHealth Group. Rather, I think Oscar Health (NYSE: OSCR) could be the next big multibagger in healthcare stocks. Curious? Read on to learn more about Oscar Health and why I'm so bullish on the stock. When it comes to accessing patient care, consumers have a couple of options. On one hand, they can take time to go to brick-and-mortar retailers like CVS to fulfill a prescription or take the time to schedule an appointment and wait in a busy doctor's office. Alternatively, they can streamline their efforts by using Hims & Hers telemedicine services to gain back some time (and possibly some money) while still accessing necessary health services and medications. This technology-first approach has served Hims well, particularly as it relates to acquiring customers across younger demographics such as Millennials and Gen-Z. This approach is by design as younger patients tend to be more receptive to the idea of accessing critical information (i.e., patient care) online as opposed to the traditional, time-consuming methods that include finding a doctor in your network, making an appointment, and waiting. Oscar is using a similar approach to transform access to health insurance. The company hopes to capture a strategic lead over competitors with a tech-first digital platform. While some legacy insurers have also invested in technology infrastructure, they did so by retrofitting archaic and antiquated manual processes into a technology platform that likely doesn't fit well with their original business models. Another important item to note is that Hims & Hers does not offer as comprehensive a service as going to a traditional doctor. In other words, Hims & Hers currently focuses on a handful of treatments across specific segments like mental health, sexual health, and weight management. Likewise, Oscar has a niche focus on Affordable Care Act (ACA) members and small employers that aren't covered by legacy health insurance providers. While Oscar's upside might appear limited given its niche focus, a look at its metrics suggests it still has some strong growth prospects. Despite an intense competitive landscape in the health insurance market, Oscar has identified pockets that it can dominate, as evidenced by the steepening slope of the revenue line over the last five years, coupled with rising cash flow and liquidity. The biggest risk surrounding Oscar right now has to do with potential changes in the regulatory landscape as it pertains to the ACA. While policy changes could put some pressure on Oscar's core business, the company is working to diversify its revenue stream by expanding into related markets -- just as Hims & Hers has done in recent years by getting into the weight management space, competing with the likes of Lilly and Novo. Data that Oscar Health recently provided to investors shows that its primary market of traditional ACA members totals roughly 21 million. However, by expanding into individual coverage health reimbursement arrangements (ICHRAs) with small and medium-sized businesses (SMB), Oscar could open up its total customer pool to 75 million -- growing its total addressable market (TAM) from $160 billion today to $720 billion. This expansion effort should help keep the company's growth prospects on track. Given that Oscar Health's modest market capitalization of just $4 billion is roughly in line with its cash balance, it would seem that Wall Street isn't placing much value on the company's insurance business. I suspect the market may be pricing in the potential for significant downside from changes to the ACA. It may also have some skepticism about the company's pursuit of ICHRAs with small businesses. This suggests another parallel between what Oscar is trying to achieve and what Hims was building during its early days. At the start, Hims faced some doubts over customer acquisition, subscriber retention, and its ability to truly compete with larger, legacy patient care providers. But look at Hims & Hers' share price gains now. Some of those gains are rooted in a turning-of-the-page bullish narrative from some pockets of the investment community. To be clear, there are potential near-term headwinds at Oscar, but I find the long-term vision is compelling. I'm cautiously optimistic that the company has what it takes to build, grow, and sustain a diversified healthcare platform -- just as Hims & Hers has done -- and that shares will see a sharp rise sooner than some may be anticipating. Before you buy stock in Oscar Health, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oscar Health wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor's total average return is 791% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Adam Spatacco has positions in Eli Lilly and Novo Nordisk. The Motley Fool has positions in and recommends Hims & Hers Health. The Motley Fool recommends CVS Health, Johnson & Johnson, Novo Nordisk, and UnitedHealth Group. The Motley Fool has a disclosure policy. Move Over Hims & Hers Health: This Insurance Business Could Be the Next Monster Healthcare Stock (Hint: It's Not UnitedHealth) was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data