LAKE ZURICH, Ill.–(BUSINESS WIRE)– ACCO Brands Corporation (NYSE: ACCO) today announced that it will release its third quarter 2025 earnings after the market close on October 30, 2025. The Company will host a conference call and webcast to discuss the results on October 31 at 8:30 a.m. EST. The webcast can be accessed through the Investor Relations section of www.accobrands.com and will be available for replay.
About ACCO Brands Corporation
ACCO Brands is the leader in branded consumer products that enable productivity, confidence and enjoyment while working, when learning and while playing. Our widely recognized brands include AT-A-GLANCE®, Five Star®, Kensington®, Leitz®, Mead®, PowerA®, Swingline®, Tilibra® and many others. More information about ACCO Brands Corporation (NYSE: ACCO) can be found atwww.accobrands.com.
500 5th Avenue 20th Floor New York, NY 10110 United States Sector(s): Consumer Cyclical Industry: Apparel Manufacturing Full Time Employees: 599 Key Executives Name Title Pay Exercised Year Born Mr. Jonathan CEO & Director 825.62k N/A 1958 Ms. Marie Fogel Senior VP and Chief Merchandising & Manufacturing Officer 633.19k N/A 1961 Mr. John Chief Financial Officer
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Transformational progress. Brendan Hoffman, CEO, Yuji Okumura, CFO, and Akiko Okuma, Chief Administrative Officer, discussed the significant transformation of the company toward revenue and cash flow growth and profitability at Noble’s Virtual Emerging Growth Conference on October 8th & 9th. Highlights from the fireside chat are featured in this report, and the full discussion is available here.
Minimizing the China impact. The company significantly reduced sourcing concentration from roughly 60% of production in China to approximately 25% today, offsetting the impact of tariff rates as high as 158%. Management noted that long-standing manufacturing partners in China have established sister facilities in other Asian countries, helping preserve quality standards while lowering exposure risk.
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Patrick McCann, CFA, Research Analyst, Noble Capital Markets, Inc.
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Highlights from Noble’s Emerging Growth Virtual Conference. Lenny Sokolow, CEO of SKYX Platforms (NASDAQ: SKYX), presented at Noble’s Virtual Conference on October 8–9, 2025. He discussed growing developer adoption, the upcoming Smart Ceiling Heater / Fan launch, progress toward mandatory code standardization, and reaffirmed expectations for adj. EBITDA inflection in Q4. A rebroadcast can be found here.
Developer partnerships gaining momentum. SKYX continues to expand across the builder channel with projects from Landmark Companies (278-unit Austin apartments), Forte Developments (luxury towers in Miami, Clearwater Beach, and Jupiter), Cavco Homes (premium prefabricated models), and the $3 billion Miami Urban Smart City. These initiatives represent large-scale unit potential and underscore accelerating adoption among professional developers.
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Additional Detail. Randian Capital added another post on the social media platform X, providing additional details to its proposed turnaround plan for ONE Group Hospitality. Reportedly, the latest Randian X post was in response to STKS CEO Manny Hilario and CFO Nicole Thaung stating they had not engaged with Randian and were unaware if the firm held shares. The pair reiterated that ONE Group had no changes to guidance or plans for capital deployment being made.
The Driver. As we noted in our September 29th note, Randian believes there is tangible, underutilized value in this franchise—especially in Benihana, a legendary brand with global recognition and untapped potential. However, poor capital allocation, slipping operational execution, and marketing that is failing to drive engagement have resulted in a 60% decline in the share price since the 2024 Benihana acquisition, according to Randian.
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Management appeared confident. Bruce Ogilvie, Executive Chairman, and Jeffrey Walker, CEO, presented at Noble’s October 8th & 9th Virtual Emerging Growth Conference. This report highlights the company’s presentation and fireside Q&A chat, which provided a sanguine outlook for improved margins into fiscal 2026. Investors may listen to the company’s presentation here.
Favorable margin expansion outlook. Operating margins are expected to expand in fiscal 2026, supported by a full year of the company’s high margin licensing deal with Paramount and development of its Handmade by Robots collectible line. In addition, management anticipates further operating efficiencies.
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FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit www.fatbrands.com.
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Legal Resolution. In an 8-K filing, FAT Brands disclosed that the Company and certain current and former directors and officers have reached a settlement agreement with stockholders of the Company to resolve two lawsuits known as Harris I and Harris II. The Derivative Actions were filed in June 2021, relating to the Company’s December 2020 merger with Fog Cutter Capital Group, and in March 2022, relating to the Company’s June 2021 recapitalization.
Details. Under the terms of the settlement agreement, the Company’s Board of Directors agreed to adopt and implement certain corporate governance modifications. In addition, the Company’s insurers will pay to the Company $10 million, from which fees and expenses of plaintiffs’ counsel will be deducted, and Fog Cutter Holdings LLC will contribute 200,000 Class A shares of Twin Hospitality Group Inc. to the Company.
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
JERICHO, N.Y., Oct. 6, 2025 /PRNewswire/ — Today, 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading provider of thoughtful expressions designed to help inspire customers to express and connect, announced the appointment of Melanie Babcock as Chief Marketing and Growth Officer. In her new role, Babcock will lead all aspects of marketing strategy, brand positioning, customer acquisition and retention, and revenue growth initiatives. She will report directly to 1-800-FLOWERS.COM, Inc. CEO Adolfo Villagomez.
A digital pioneer, Babcock has served in several leadership roles at The Home Depot for over a decade. Most recently, she served as Vice President of Orange Apron Media and Monetization, where she pioneered and built the retail media division and oversaw the strategy and execution of the company’s retail media network. Under her leadership, Orange Apron Media achieved double-digit year-over-year growth, rebranded from Retail Media+ to Orange Apron Media, and launched the industry’s first “InFronts” conference for advertisers. At The Home Depot, Babcock also served as Vice President of Integrated Media and Retail Media+, where she transformed the company’s marketing strategy from product-centric to personalized customer marketing.
“We’re at an inflection point in our transformation, and Melanie brings the perfect combination of strategic vision and execution expertise,” said Adolfo Villagomez, CEO of 1-800-FLOWERS.COM, Inc. “Her proven ability to scale brands, build exceptional teams, and drive customer-centric growth will be invaluable to our market leadership. I’m thrilled to welcome her to the leadership team.”
In the newly created role, Babcock will drive the evolution of marketing into a full-funnel flywheel that builds awareness, acquisition, and retention—enabling a more intuitive, personalized, and connected customer journey. A key priority will be strengthening customer focus by modernizing the digital experience to improve product discoverability and enhancing merchandising strategy through stronger data infrastructure and streamlined brand architecture based on end-to-end AI strategy. This customer-centric approach will be instrumental as the company accelerates its transformation and strengthens its position as a leader in gifting and celebrations.
“Few brands have the heritage and cultural connection that 1-800-FLOWERS.com has built over the last 50 years,” said Melanie Babcock, Chief Marketing and Growth Officer, 1-800-FLOWERS.COM, Inc. “I’m energized by the opportunity to help write its next chapter—strengthening its position as a leader while driving meaningful growth. I couldn’t be more excited to join Adolfo and this team.”
Before joining The Home Depot, Babcock held leadership positions at Cardlytics, MSL GROUP/Publicis Groupe, and Ketchum, where she consistently built high-performing teams and drove significant revenue growth through digital and strategic partnership initiatives.
About 1-800-FLOWERS.COM, Inc. For almost 50 years 1-800-FLOWERS.COM, and 1-800-FLOWERS.COM, Inc. has served as the premier destination for meaningful gifting, helping people express and connect through thoughtful giving. As an omnichannel retailer, the company’s portfolio includes more than 18 premium brands, such as 1-800-Flowers.com®, Harry & David®, PersonalizationMall.com®, and Things Remembered®. 1-800-FLOWERS.COM also supports local community businesses nationwide through BloomNet®, its network of local florists and merchants, that enables same-day delivery. The company also operates Napco℠, a leading resource for floral gifts and seasonal décor, and DesignPac Gifts, LLC, a manufacturer of gift baskets and towers.
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Exits its Mizrahi interest. The company transferred its remaining 17.5% interest in Isaac Mizrahi to IM Topco, effectively exiting its interest in the brand. The exit of the Mizrahi relationship with Xcel caps a storied and successful run with the company since 2011. Under Xcel, Mizrahi expanded its categories and collections on QVC and into such retailers as Bloomingdale’s and Nordstrom.
Financial upside. Xcel has a participation right should IM Topco sell the company above $46.0 million, coincidentally, the price that Xcel sold its 60% interest. Xcel would receive 15% of the net consideration in excess of the $46 million. In addition, we believe that the company will benefit from the absent of costs related to the brand, particularly employee costs.
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Patrick McCann, CFA, Research Analyst, Noble Capital Markets, Inc.
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Landmark partnership expands builder channel. SKYX announced it will supply more than 10,000 smart plug-and-play lighting and safety products to a 278-apartment project in Austin, Texas led by Landmark Companies. We believe this marks another important step in the company’s efforts to penetrate the builder channel, signaling traction with traditional residential developers.
Potential for broader builder relationships. By establishing a relationship with a large developer like Landmark, SKYX positions itself for additional project opportunities if early deployments prove successful. This deal highlights the potential for SKYX to extend its platform into the broader residential developer market, with initial supply expected to begin as early as within the next quarter or two.
Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Electronic Arts Inc. (NASDAQ: EA), one of the world’s most recognized video game publishers, is set to go private in a record-breaking $55 billion transaction led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake Management, and Affinity Partners. The deal, valued at $210 per share in cash, marks the largest leveraged buyout in history and underscores the growing influence of Middle Eastern sovereign wealth funds in global entertainment and technology.
Months before the transaction was finalized, Jared Kushner, founder of Affinity Partners and son-in-law to former President Donald Trump, played a behind-the-scenes role connecting Electronic Arts to PIF. Affinity, which manages about $5.4 billion in assets backed by Saudi, Emirati, and Qatari investors, will hold a minority stake in the deal, while PIF will secure a controlling interest. JPMorgan Chase is backing the agreement with a $20 billion loan facility.
For EA, the move into private ownership comes at a time of intensifying competition in the gaming industry. As rivals consolidate and diversify into esports, mobile, and immersive digital experiences, EA gains access to deep-pocketed partners willing to finance ambitious growth. The backing from PIF aligns with Saudi Arabia’s Vision 2030 strategy, which seeks to diversify the kingdom’s economy and establish the country as a hub for video games and esports.
The deal, however, is not without hurdles. The Committee on Foreign Investment in the United States (CFIUS) must review the takeover to assess potential national security implications of foreign ownership. While the Biden administration previously subjected Middle Eastern investment to heightened scrutiny, the Trump administration has signaled a more accommodating approach, developing a fast-track review process for allied nations. Approval outcomes could include unconditional clearance, approval with restrictions, or an outright block — though expectations are that the deal will move forward.
Industry observers note that the buyout has far-reaching implications beyond gaming. It highlights how sovereign wealth funds are increasingly shaping global dealmaking, moving from passive equity stakes into direct ownership of high-profile consumer brands. PIF’s growing presence across sports, media, and entertainment reflects a broader strategy to integrate cultural and lifestyle industries into its investment portfolio, thereby extending its soft power internationally.
For Affinity Partners, the EA deal marks its highest-profile transaction to date. Having received its initial $2 billion backing from PIF in 2021, Affinity has mostly targeted smaller growth-stage companies in health tech and consumer industries. Participation in the EA transaction elevates its visibility and underscores the firm’s ability to leverage political and business networks in securing marquee opportunities.
If approved, the buyout could reshape the landscape of video gaming. EA, known for its flagship sports franchises like FIFA (now EA Sports FC), Madden NFL, and NHL, would have the financial support to expand further into live-service platforms, esports, and emerging technologies such as cloud-based gaming. With sovereign capital driving this pivot, the transaction represents not only a milestone in gaming M&A, but also a signal of how global capital flows are redrawing the boundaries between technology, politics, and entertainment.
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
2Q26. In what is likely the Company’s final quarterly report as a public company, Steelcase reported better than expected results. Results benefitted from continued strengthening of demand from large corporate customers and International growth driven by India, China, and the United Kingdom. Improved International volume drove a $5 million reduction in y-o-y adjusted operating loss in the International segment. These were Steelcase’s highest quarterly results over the past five years.
Financials. Revenue of $897.1 million rose 4.8% y-o-y and exceeded the $890 million high end of management’s guidance. We were at $875 million. Gross margin of 34.4% was flat y-o-y and exceeded the 33.5% high end of guidance. Adjusted EBITDA totaled $99.6 million, or 11.1% of revenue, up from $89.5 million and 10.5% in 2Q25. Adjusted EPS was $0.45, versus $0.39 last year and above management’s $0.40 high end guide. We were at $0.36.
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
U.S. consumer spending rose more than expected in August, reinforcing the strength of the economy even as inflation continued to edge higher. The Commerce Department reported that household expenditures advanced 0.6% last month, surpassing forecasts of a 0.5% gain and extending July’s 0.5% increase. The results suggest that the economy maintained much of its momentum from the second quarter, when growth hit its fastest pace in nearly two years.
Households increased spending across both services and goods. Travel and leisure categories saw notable gains, with more Americans booking airline tickets, staying in hotels, and dining out. Spending at restaurants and bars remained elevated, while recreational services also benefited from strong demand.
Goods purchases rose 0.8% in August, driven by sales of recreational equipment, clothing, and gasoline. Services spending, which accounts for the bulk of household consumption, advanced 0.5%, in line with the previous month.
This broad-based spending has been supported by wealth gains among higher-income households. Rising stock prices and elevated home values have bolstered balance sheets, allowing affluent consumers to maintain strong levels of discretionary spending. By contrast, lower-income families continue to face challenges from higher food and energy costs, as well as upcoming reductions in federal nutrition assistance programs.
The Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation gauge, climbed 0.3% in August following a 0.2% gain in July. On a year-over-year basis, prices rose 2.7%, the largest annual increase since February. Core PCE, which excludes volatile food and energy categories, remained elevated at 2.9%.
The acceleration in prices reflects the lingering impact of tariffs and supply constraints. Many businesses have so far absorbed part of the higher costs rather than pass them directly to consumers, but economists caution that this trend is unlikely to continue indefinitely. As inventories accumulated before tariffs are depleted, broader price pressures could emerge.
Personal income rose 0.4% in August, with a significant portion of the gain stemming from government transfer payments. Wage growth was comparatively modest at 0.3%, highlighting persistent weakness in the labor market. Job creation has slowed considerably in recent months due to policy uncertainty and tighter immigration rules, which have limited labor supply.
This divergence between resilient spending and softer hiring raises questions about the durability of consumption in the months ahead. While households are still fueling growth today, slower income gains could eventually restrain demand, especially if inflation remains elevated.
The Atlanta Fed currently projects third-quarter GDP growth of 3.3%, down slightly from the 3.8% expansion recorded in the second quarter. Analysts expect consumer spending to cool toward the end of the year as higher prices weigh on purchasing power and government support programs wind down.
For now, household consumption remains the key driver of U.S. economic expansion. Whether this momentum can continue in the face of rising inflation and labor market challenges will be a central focus for policymakers and investors heading into the final quarter of 2025.
Office Depot, Inc., together with its subsidiaries, supplies a range of office products and services. It offers merchandise, such as general office supplies, computer supplies, business machines and related supplies, and office furniture through its chain of office supply stores under the Office Depot, Foray, Ativa, Break Escapes, Worklife, and Christopher Lowell brand names. The company also provides graphic design, printing, reproduction, mailing, shipping, and other services through design, print, and ship centers. It has operations throughout North America, Europe, Asia, and Central America. The company also sells its products and services through direct mail catalogs, contract sales force, Internet sites, and retail stores, through a mix of company-owned operations, joint ventures, licensing and franchise agreements, alliances, and other arrangements. As of December 31, 2008, Office Depot operated 1,267 North American retail division office supply stores and 162 international division retail stores, as well as participated under licensing and merchandise arrangements in 98 stores. The company was founded in 1986 and is based in Boca Raton, Florida.
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
An Acquisition. Yesterday morning, The ODP Corporation announced it entered into a definitive agreement to be acquired by an affiliate of Atlas Holdings for $28/sh. The purchase price represents a premium of 34% to Friday’s closing price. ODP’s Board is supporting the transaction, which is expected to close by the end of 2025.
Who Is Atlas Holdings? Founded in 2002 by Andrew Bursky and Tim Fazio, Greenwich, CT-based Atlas Holdings owns and operates a global family of manufacturing and distribution businesses that together generate more than $20 billion in annual revenue. Atlas has experience in the office supplies sector through its LSC Communications unit, a leader in organizational solutions through brands such as Pendaflex.
Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
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