- WeWork Inc (NYSE:WE) reported fourth-quarter FY21 revenue growth of 9% quarter-on-quarter to $718 million.
- The global flexible space provider’s occupancy improved 600 bps Q/Q to 66%.
- Systemwide gross desk sales totaled 217,000, Consolidated gross desk sales totaled 164,000, equating to 9.9 million square feet sold. Consolidated new desk sales totaled 87,000.
- Also Read: WeWork’s Empty Chair Sparks Speculation Of Founder Adam Neumann’s Return: Bloomberg, Why WeWork Shares Are Trading Higher Today
- The average revenue per member for physical memberships was $484, roughly flat Q/Q. All-Access memberships increased to 45,000, up 41% Q/Q.
- Loss from operations widened Q/Q to $(701.6) million. Adjusted EBITDA loss of $(283) million was a $73 million improvement Q/Q.
- WeWork held $1.97 billion in cash and unfunded cash commitments.
- Outlook: WeWork sees FY22 revenue of $3.35 billion – $3.50 billion in 2022, including Q1 revenue of $740 million – $760 million, and Q2 revenue of $775 million – $825 million.
- WeWork sees Q3 and Q4 revenue of $900 million – $1.00 billion.
- Price Action: WE shares traded higher by 2.00% at $5.36 on the last check Friday.
Casey’s Expands Alternative Fuel Options To Further Sustainability Initiatives And Meet Guest Needs
Casey's has doubled the number of stores with EV chargers the past year and is a leading retailer of biofuels in its footprint
Casey's General Stores, Inc. (NASDAQ:CASY) continues to expand its alternative fuel
