SPAR Group, Inc., together with its subsidiaries, provides merchandising and marketing services worldwide. The company offers syndicated services, such as implementing category and product resets; maintaining planogram integrity and compliant; replenishment and rotation of products on shelves; implementing new item cut-ins that are approved for distribution; setting endcap displays and promotional items in prominent sales positions; ensuring product shelf tags and accurate pricing are in place; point of purchase and signage installation; managing product inventory details including low and out-of-stocks, returns, and reordering; compliance and price audits. It also provides dedicated services, including syndicated services, as well as new store set-up, store remodel, and fixture installation services for a specific retailer or manufacturer. In addition, the company offers project services comprising specific in-store services initiated by retailers and manufacturers, such as new store openings, new product launches, special seasonal or promotional merchandising, focused product support, product recalls, and in-store product demonstration and sampling, as well as performs kiosk product replenishment, inventory control, new store sets and existing store resets, re-merchandising, remodels and category implementation, and under annual or stand-alone project contracts or agreements. Further, it provides retail new store openings and remodeling, assembly, in-store event staffing, retail compliance and price audit, and other marketing services. The company serves mass merchandisers; pharmacies; grocery, office supply, dollar, automotive, convenience, specialty, electronic, and home improvement stores; and other retail outlets. SPAR Group, Inc. was founded in 1967 and is headquartered in Auburn Hills, Michigan.
IPO Year:
Exchange: NASDAQ
Website: sparinc.com
SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, today announced that its stockholders approved at a special meeting the acquisition of SPAR Group by Highwire Capital ("Highwire Capital"). The final voting results will be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission. Under the terms of the Agreement and Plan of Merger, dated as of August 30, 2024 (the "Merger Agreement"), by and among SPAR Group, Highwire Capital and Highwire Merger Co. I, Inc., a wholly owned subsidiary of Highwire Capital, SGRP stockholders will receive $2.50 in cash per share of c
Stockholders Vote Prior to Special Meeting at 12:00 p.m. Eastern Time on October 25, 2024$2.50 Per Share Merger Consideration Represents a 72% Premium to SPAR Group's Closing Share Price on August 30Unanimously Approved by SPAR Group Board of Directors AUBURN HILLS, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, encourages all stockholders to vote to allow for the completion of the proposed acquisition (the "Proposed Acquisition") by Highwire Capital ("Highwire Capital"). As previously announced, SPAR Group entered into the Agreement and Plan of M
Toronto, Canada, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Apollo Technology Capital Corp. ("Apollo Capital" or "we"), today expressed its concerns about the proposed take-private of SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR") by Highwire Capital ("Highwire"), a middle-market private equity firm focused on performing leveraged buy-outs, and discloses the intent of its Chairman and CEO, a stockholder of SPAR, to vote against the transaction at the upcoming special meeting of SPAR stockholders. Apollo Capital contends that, among other things: (1) there are serious questions about the credibility and certainty of Highwire's financing and the ability to close the proposed take-private transaction,
Letter of Intent Previously Announced on June 5, 2024$2.50 Per Share Merger Consideration Represents a 72% Premium to SPAR Group's Closing Share Price on August 30 AUBURN HILLS, Mich., Sept. 03, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, announced today it has entered into a definitive agreement to be acquired by Highwire Capital ("Highwire"), an investment firm focused on transforming businesses through technology. Under the terms of the agreement, which has been unanimously approved by SPAR Group's Board of Directors, SPAR Group stockholders will receive $2.50
AUBURN HILLS, Mich., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group" or the "Company"), a leading provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and six months ended June 30, 2024. Mike Matacunas, the Company's President and Chief Executive Officer, commented, "Our second quarter results reflect a focus on simplification and driving growth in the Americas, specifically the U.S. and Canada. Our revenues in the second quarter were up 37% in the ongoing U.S. business and 14% in Canada. In addition, we continued to divest in underperforming assets in the second quarter resultin
AUBURN HILLS, Mich., Aug. 12, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading provider of merchandising and marketing services, today announces that it will release its 2024 fiscal second quarter results on Wednesday, August 14, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer. Management does not plan to take questions based on the letter of intent and pending transaction announced on June 5, 2024. By Phone: Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at
According to the latest SPAR Group (NASDAQ:SGRP) survey, in-store shopping remains a fixture of most consumer's routines, with more than 80% preferring to purchase groceries in-store and more than 45% choosing to shop in-store at discount, convenience, home improvement and apparel stores. The ability to try on/demo products, select new products and plan meals are important motivators consumers give for shopping in-store. Once in the store, consumers rate customer service (71%), a speedy checkout (69%) and an engaging atmosphere (51%) as important attributes for a successful shopping experience. The store plays an important role in the product value chain and maintaining customer loyalty, ac
Completion of Sale Continues Simplification of Operating Structure SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group," or the "Company"), a provider of merchandising, marketing, and distribution services, announces the closing on June 3, 2024, of the sale of its Brazilian holding company, which in turn owns its majority share in the Brazil joint venture, to a minority shareholder in a leveraged buyout for approximately $12 million USD. "The closing of the Brazil sale is another step in simplifying our operating structure and bringing cash back into the business. This has been a great joint venture for SPAR and we will maintain our relationship with the business in Brazil as it may add
Highwire brings patented disruptive technologies that drive innovation, unlock potential and deliver value to great operating businesses SPAR Group, Inc. (NASDAQ:SGRP) (the "Corporation"), a provider of merchandising, marketing and distribution services, announced today that based on the unanimous approval of the Board and a Special Committee of Independent Directors formed to evaluate strategic alternatives, the Corporation has entered into a letter of intent ("LOI"), which is non-binding, in all respects, other than a defined term of exclusivity and certain legal terms, with Highwire Capital ("Highwire"). Highwire has offered to acquire the Corporation in a merger transaction for cons
Consolidated Revenues of $68.7 million, up 7% from Last YearU.S. and Canada Revenues up 22% from Last YearConsolidated Operating Income of $9.6 million compared to $3.2 million Last YearDiluted EPS of $0.28 compared to $0.04 Last Year AUBURN HILLS, Mich., May 15, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group" or the "Company"), today announced first-quarter 2024 consolidated revenues of $68.7 million, a 6.7% increase from the first quarter of 2023. Consolidated operating income was $9.6 million, up 204% compared to the first quarter of 2023. Diluted earnings per share were $0.28, including one-time recognition of a $7.2 million pre-tax gain on sale
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CFO Appointment Further Strengthens SPAR Group's Leadership Team AUBURN HILLS, Mich., Feb. 23, 2023 /PRNewswire/ -- SPAR Group, Inc. (NASDAQ: SGRP) ("SPAR Group" and the "Corporation", and together with its subsidiaries the "Company"), a leading global provider of services to retail and consumer goods companies, today announced the appointment of Mr. Antonio Calisto Pato as the Corporation's Chief Financial Officer, effective February 27, 2023. Mr. Calisto Pato brings strong business, finance and international leadership expertise with deep strategy, tax and operational acumen. Most recently, Antonio held CFO roles and directed all aspects of finance, accounting, treasury and tax as CFO f
~ Enabling Greater Focus on Global Growth ~ Expanding the Executive Team ~ Adding Deep Industry Expertise AUBURN HILLS, Mich., July 13, 2021 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP), a leading global provider of merchandising and marketing services, today announced key executive appointments that further strengthen its executive team and support the company's global expansion. Ron Lutz was appointed Chief Global Commercial Officer and William Linnane was appointed Chief Strategy and Growth Officer. In addition, Kori Belzer has been named Global Chief Operating Officer with expanded responsibilities over global operations and results. "I am pleased to welcome Ron and William t
AUBURN HILLS, Mich., June 15, 2021 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP), a leading global provider of merchandising and marketing services, announced today that Mr. Arthur H. Baer, Mr. Igor Novgorodtsev, and Mr. Jeffrey A. Mayer, have resigned from the Corporation's Board of Directors, effective June 9, 2021. The management of the Corporation would like to thank Mr. Baer, Mr. Novgorodtsev, and Mr. Mayer for their service on the Board and their professional contributions. They provided experience and counsel that helped shape the Company for the future and rebuilt the Company's leadership team. Their commitment to governance and board independence was highly valued. Although
AUBURN HILLS, Mich., Jan. 06, 2021 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (Nasdaq: SGRP), a leading supplier of retail merchandising, business technology and other marketing services in 10 countries throughout North America, Latin America, Asia Pacific and Africa, announced that its Board of Directors has authorized a new share repurchase program. Under the repurchase program, the Company may repurchase up to 500,000 shares of its outstanding shares of common stock through December 22, 2021. Commenting on the share repurchase program, Arthur H. Baer, chairman of the board of directors of SPAR Group said, “The share repurchase plan reflects the board and management’s continued commitment t
AUBURN HILLS, Mich., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group" or the "Company"), a leading provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and six months ended June 30, 2024. Mike Matacunas, the Company's President and Chief Executive Officer, commented, "Our second quarter results reflect a focus on simplification and driving growth in the Americas, specifically the U.S. and Canada. Our revenues in the second quarter were up 37% in the ongoing U.S. business and 14% in Canada. In addition, we continued to divest in underperforming assets in the second quarter resultin
AUBURN HILLS, Mich., Aug. 12, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading provider of merchandising and marketing services, today announces that it will release its 2024 fiscal second quarter results on Wednesday, August 14, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer. Management does not plan to take questions based on the letter of intent and pending transaction announced on June 5, 2024. By Phone: Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at
Consolidated Revenues of $68.7 million, up 7% from Last YearU.S. and Canada Revenues up 22% from Last YearConsolidated Operating Income of $9.6 million compared to $3.2 million Last YearDiluted EPS of $0.28 compared to $0.04 Last Year AUBURN HILLS, Mich., May 15, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group" or the "Company"), today announced first-quarter 2024 consolidated revenues of $68.7 million, a 6.7% increase from the first quarter of 2023. Consolidated operating income was $9.6 million, up 204% compared to the first quarter of 2023. Diluted earnings per share were $0.28, including one-time recognition of a $7.2 million pre-tax gain on sale
AUBURN HILLS, Mich., May 09, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising and marketing services, today announces that it will release its 2024 fiscal first quarter results on Wednesday, May 15, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A session following the prepared remarks starting at 10:00 am Eastern. By Phone:Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes before the call
AUBURN HILLS, Mich., May 01, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group," or the "Company"), a provider of merchandising, marketing, and distribution services, announces the acquisition of the remaining minority interest of Resource Plus, a U.S.-based joint venture. "SPAR established the joint venture with Resource Plus in 2017 to open new segments and expand the company's capabilities. The JV agreement enabled SPAR to accelerate the growth of its remodel business over the last few years, including positioning the company as a service provider to the two largest home improvement retailers in the U.S.," said Mike Matacunas, SPAR Group CEO. "This acqui
AUBURN HILLS, Mich., April 01, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the periods ended December 31, 2023. Mike Matacunas, the Company's President and Chief Executive Officer, commented, "Fiscal 2023 was a pivotal year for the Company. We successfully executed our sales and profitability goals, which resulted in significant cash flow generation in 2023. Consolidated revenues grew to $262 million for the year, up almost 1% over the prior year, primarily due to strong U.S. merchandising revenues, exp
Combined deals to generate cash proceeds of approximately $22 million USD SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, announces the sale of its majority share in South Africa's Meridian Group to the minority shareholder Lindicom for R181 million and the sale of SGRP Brasil Participações Ltda for 58.9 million BRL to a minority shareholder. These transactions have been approved by the SPAR Board of Directors and are expected to close in the second quarter. "We completed a robust evaluation of the Company's operations and structure, paying special attention to the quality of earnings for each of o
AUBURN HILLS, Mich., March 28, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal fourth quarter and full year 2023 results on Monday, April 1, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A session following the prepared remarks starting at 10:00 am Eastern. By Phone:Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes
Momentum Builds on Growth in Merchandising Services BusinessStrategic Initiative Continues with Expanded Gross Margins AUBURN HILLS, Mich., Nov. 14, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and nine months ended September 30, 2023. Mike Matacunas, the Company's President and Chief Executive Officer, commented, "Results were in line with expectations for the third quarter with continued strength in our core merchandising business. Our U.S. merchandising business grew by 27%, Canada merchandisin
AUBURN HILLS, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal third quarter 2023 results on Tuesday, November 14, 2023, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A session following the prepared remarks starting at 10:00 am Eastern. By Phone:Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes before the
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining over 100 points on Wednesday. The Dow traded up 0.33% to 38,840.06 while the NASDAQ rose 1.70% to 17,143.85. The S&P 500 also rose, gaining, 1.03% to 5,345.70. Check This Out: Keurig Dr Pepper To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Wednesday Leading and Lagging SectorsInformation technology shares rose by 2.4% on Wednesday. In trading on Wednesday, consumer staples shares fell by 0.6%. Top Headline Dollar Tree Inc (NASDAQ:DLTR) shares fell over 5% on Wednesday after the company reported its first-quarter FY24 earnings and announced a review of strategic alternatives for its
Shares of Lands’ End, Inc. (NASDAQ:LE) fell sharply during Wednesday's session following first-quarter results. Lands’ End reported quarterly adjusted loss of 20 cents per share which beat the analyst consensus estimate of 26 cents per share. The company reported quarterly sales of $285.47 million which beat the analyst consensus estimate of $269.82 million, according to data from Benzinga Pro. Lands’ End shares dipped 9.3% to $12.60 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Actelis Networks, Inc. (NASDAQ:ASNS) shares jumped 512% to $2.88 after the company announced orders for cyber-hardened networking technology to be deployed at thr
U.S. stocks traded higher midway through trading, with the Nasdaq Composite surging over 1% on Wednesday. The Dow traded up 0.04% to 38,728.39 while the NASDAQ rose 1.21% to 17,060.58. The S&P 500 also rose, gaining, 0.59% to 5,322.59. Check This Out: Keurig Dr Pepper To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Wednesday Leading and Lagging SectorsInformation technology shares rose by 1.6% on Wednesday. In trading on Wednesday, energy shares fell by 0.6%. Top Headline The ISM services PMI climbed to 53.8 in May, notching the highest level in nine months, and topping market expectations of 50.8. Equities Trading UP Actelis Networ
Gainers VS Media Holdings (NASDAQ:VSME) shares rose 11.1% to $0.45 during Monday's after-market session. The company's market cap stands at $9.8 million. SPAR Group (NASDAQ:SGRP) stock moved upwards by 5.06% to $2.28. The market value of their outstanding shares is at $55.2 million. As per the press release, Q1 earnings came out 3 days ago. Pop Culture Gr (NASDAQ:CPOP) stock rose 4.81% to $1.74. The market value of their outstanding shares is at $5.8 million. Haoxi Health Technology (NASDAQ:HAO) stock moved upwards by 3.04% to $6.77. The market value of their outstanding shares is at $218.2 million. Chicken Soup for the Soul (NASDAQ:CSSE) shares rose 2.71% to $0.36. The company's market
Gainers Dolphin Entertainment (NASDAQ:DLPN) shares increased by 27.1% to $1.43 during Wednesday's pre-market session. The company's market cap stands at $26.9 million. As per the news, the Q1 earnings report came out yesterday. Moving iMage Technologies (AMEX:MITQ) stock moved upwards by 14.87% to $0.61. The market value of their outstanding shares is at $6.3 million. As per the news, the Q3 earnings report came out today. Chicken Soup for the Soul (NASDAQ:CSSE) stock moved upwards by 14.3% to $0.35. The company's market cap stands at $11.3 million. PSQ Holdings (NYSE:PSQH) shares increased by 9.34% to $4.33. The company's market cap stands at $135.9 million. As per the news, the Q1 earn
SPAR Group (NASDAQ:SGRP) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $(0.02) by 400 percent. This is a 20 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $68.693 million which beat the analyst consensus estimate of $48.000 million by 43.11 percent. This is a 6.70 percent increase over sales of $64.380 million the same period last year.
-SEC Filing