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Brits plan to spend £352 on Christmas presents this year 25-34 year olds are most likely to get their gifts on Black Friday 1 in 8 shoppers plan to buy the majority of Christmas shopping in Black Friday sales LONDON, U.K., Nov. 21, 2024 (GLOBE NEWSWIRE) -- A new survey of UK consumers commissioned by GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, has revealed that 54% of Brits who plan to shop for Christmas presents this year will use special deal days like Black Friday and Cyber Monday to purchase their gifts. The survey, which explored the shopping habits of UK consumers in the run up to Christmas, found that this year on average British consumers plan to spend £352 on their Christmas shopping and that Black Friday is firmly at the forefront of consumers' minds when purchasing Christmas presents.

I maintain a buy rating for GXO due to solid growth prospects, driven by new business wins and improving business confidence. GXO's Q3 revenue grew 27.8% y/y, with organic growth accelerating for the third consecutive quarter, signaling a strong FY25 outlook. The sales pipeline increased 30% y/y to $2.4 billion, with significant new business wins, particularly in eCommerce fulfillment.

GXO Logistics, Inc. (NYSE:GXO ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Malcolm Wilson - Chief Executive Officer Baris Oran - Chief Financial Officer Kristine Kubacki - Chief Strategy Officer Conference Call Participants Joe Hafling - Jefferies Scott Schneeberger - Oppenheimer Chris Wetherbee - Wells Fargo Ravi Shanker - Morgan Stanley Brian Ossenbeck - JPMorgan Brandon Oglenski - Barclays Bascome Majors - Susquehanna Jason Seidl - TD Cowen Ariel Rosa - Citigroup Tom Wadewitz - UBS Operator Welcome to the GXO Third Quarter 2024 Earnings Conference Call and Webcast. My name is Rob, and I will be your operator for today's call.

GXO Logistics (GXO) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.69 per share a year ago.

Third quarter revenue increased 28% year over year to a record $3.2 billion , with organic revenue growth of 3% Signed approximately $750 million in annualized revenue year to date; on track to win a record level of new business in 2024 Sales pipeline increased 30% year over year to $2.4 billion and stands at a two-year high Reaffirmed full-year 2024 guidance GREENWICH, Conn., Nov. 04, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the third quarter 2024.

Britain's competition watchdog said on Friday the acquisition of Wincanton by U.S.-based warehousing firm GXO Logistics , for 762 million pounds ($983.97 million), could reduce competition and raise prices for customers.

DORMAGEN, Germany, Oct. 30, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced its state-of-the-art 36,000 square meter multi-tenant warehouse in Dormagen near Düsseldorf is completely at full capacity an important milestone in the US company's growth strategy in Germany.

GXO Logistics (GXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GXO has distributed almost 4 million makeup and skincare products to Beauty Pie customers across the UK LONDON, U.K. , Oct. 23, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, celebrated its first year providing order fulfillment services for Beauty Pie , a luxury cosmetics retailer, following its acquisition of PFSweb (PFS). In Q3 2023, Beauty Pie partnered with GXO to provide order fulfillment, carrier and business management, and value-added services, including gift card messaging and personalization for luxury goods consumers.

PARIS, France, Oct. 17, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced that it has extended and expanded its partnership in France with Henkel, a multinational chemical and consumer packaged goods company. GXO manages storage, distribution, seasonal returns and value added-services for an array of Henkel brands across its laundry and homecare segments and will now expand its services to include Henkel's iconic beauty brands.