slots game earn money NEW YORK — U.S. stock indexes drifted amid mixed trading Monday ahead of this week’s meeting by the Federal Reserve that could set Wall Street’s direction into next year. The Standard & Poor’s 500 index rose 0.4%, coming off its first losing week in the last four. The Nasdaq composite climbed 1.2% to a record, while the Dow Jones industrial average was a laggard and fell 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial intelligence offerings in particular. The market’s main event, though, will arrive Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome H. Powell will also answer questions in a news conference after the meeting. For now, the general expectation among traders is that the Fed may cut a couple of more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said, Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year and is heading for one of its best years of the millennium. The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin, which set another all-time high. But its stock ended the day down by less than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies. Honeywell rose 3.7% after saying it’s still considering a spinoff or sale of its aerospace business as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. MicroStrategy and Honeywell helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 points to 43,717.48, and the Nasdaq composite rose 247.17 points to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi index fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. Choe writes for the Associated Press. AP writer Elaine Kurtenbach contributed to this report.‘A bit of a b***end’: Ed Sheeran apologises after gatecrashing Man Utd interviewCONCORD, N.H. (AP) — A growing number of U.S. colleges and universities are advising international students to return to campus before President-elect Donald Trump is inaugurated, over concerns that he might impose travel bans like he did during his first administration. More than a dozen schools have issued advisories, even though Trump’s plans remain uncertain. At some schools, the spring semester begins before Trump will take office, so students may have to be back in class anyway. But for anyone whose ability to stay in the United States depends on an academic visa, they say it's best to reduce their risks and get back to campus before Jan. 20. Here’s a look at what Trump has said and done and how schools and students are preparing for his second term: Trump issued an executive order in January 2017 banning travel to the U.S. by citizens of seven predominantly Muslim countries — Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen. Travelers from those nations were either barred from getting on their flights or detained at U.S. airports after they landed. They included students and faculty as well as business people, tourists and visitors to friends and family. Trump later removed some countries and added others to the list — 15 nations were affected at some point during his presidency. More than 40,000 people were ultimately refused visas because of the ban, according to the U.S. State Department. President Joe Biden rescinded the orders when he took office in 2021. More than 1.1 million international students were enrolled in U.S. colleges and universities during the 2023-24 school year, according to Open Doors, a data project partially funded by the U.S. State Department. Students from India and China have accounted for more than half of all international students in the U.S., and about 43,800 come from the 15 countries affected by Trump’s travel restrictions. Jacky Li, a third-year environmental studies major at University of California, Berkeley, will be traveling home to China Dec. 21 and returning Jan. 16. Though he made his plans months before Berkeley officials sent the advisory, he said worry is growing among international students. “There’s a fear that this kind of restriction will enlarge into a wider community, considering the geopolitical tensions nowadays around the world, so the fear is definitely there,” said Li, who urged Trump to support, rather than thwart, important academic research. “If the U.S. is really a champion of academic freedom, what you should do is not restrict this kind of communications between different countries of the world,” he said. Trump's transition team did not respond to questions on the topic this week, but in the past he has said he’ll revive the travel ban and expand it, pledging new “ideological screening” for non-U.S. citizens to bar “dangerous lunatics, haters, bigots and maniacs.” “We aren’t bringing in anyone from Gaza, Syria, Somalia, Yemen or Libya or anywhere else that threatens our security,” Trump said at an October 2023 campaign event in Iowa . Trump also vowed to “revoke the student visas of radical anti-American and anti-Semitic foreigners at our colleges and universities” in response to campus protests. School officials have advised international students heading home for winter break to return before Inauguration Day and to prepare for possible delays at immigration control. The list includes Ivy League universities such as Harvard and Brown, Boston schools such as Northeastern University and the Massachusetts Institute of Technology, and other schools around the country, from Johns Hopkins University to the University of Southern California. Some offer classes that begin the day after Inauguration Day. Cornell University told its students that a travel ban involving the 13 nations Trump previously targeted “is likely to go into effect soon after inauguration,” and that new countries could be added to the list, particularly China and India. It advised students, faculty and staff from those countries to return to campus before the semester starts Jan. 21. Other schools didn’t go so far as to say a ban is likely but instead advised students to plan ahead and prepare for delays.FIRST NINE MONTHS OF 2024: HIGHLIGHTS TOTAL NET SALES WERE €243.9 MILLION, IN LINE WITH THE SAME PERIOD IN 2023 (-0.3%). BRANDED SALES WERE €221.2 MILLION, UP 0.3% FROM 2023 SAME PERIOD AND UP 3.1% FROM 2019 SAME PERIOD. BRANDED SALES WERE 93.0% OF TOTAL SALES, COMPARED TO 92.6% IN THE SAME PERIOD OF 2023 AND 78.5% IN THE SAME PERIOD OF 2019. DOS SALES WERE €57.4 MILLION, UP 6.3% FROM 2023 AND UP 20.8% FROM 2019 SAME PERIODS. 2024 GROWTH WAS DRIVEN BY A 22.3% SALES INCREASE FROM DOS IN THE U.S, WHERE WE OPENED 1 ADDITIONAL STORE IN DENVER. DURING THE FIRST 9 MONTHS OF 2024, WE CLOSED TWO NON-PERFORMING NATUZZI ITALIA STORES, ONE IN SPAIN AND ONE IN SWITZERLAND, AS PART OF OUR ONGOING EFFORT TO PROGRESSIVELY IMPROVE THE QUALITY OF OUR RETAIL. AS PART OF OUR TRANSFORMATION, DURING THE FIRST 9 MONTHS OF 2024, WE ACCELERATED OUR RESTRUCTURING WHICH AFFECTED P&L RESULTS WITH (€4.8) MILLION OF ONE-OFF SEVERANCE COSTS: - (€4.1) MILLION ACCRUED IN COST OF SALES; - (€0.7) MILLION ACCRUED IN SELLING AND ADMINISTRATIVE EXPENSES. DURING THE FIRST 9 MONTHS OF THE YEAR, 538 PERSONS EXITED OUR GROUP. THESE EXITS WERE PARTIALLY OFFSET BY HIRES IN STRATEGIC AREAS SUCH AS RETAIL, MARKETING AND MERCHANDISING. FROM 2021 TO SEPTEMBER 2024, WE HAD A NET REDUCTION OF 1110 PERSONS, EQUIVALENT TO A ~26% OF TOTAL. IN THE FIRST NINE MONTHS OF 2024, GROSS MARGIN WAS 35.8%, COMPARED TO 35.8% IN THE FIRST NINE MONTHS OF 2023 AND 29.0% IN THE FIRST NINE MONTHS OF 2019. EXCLUDING (€4.1) MILLION OF ONE-OFF SEVERANCE COSTS, GROSS MARGIN WOULD HAVE BEEN 37.4%, WHICH COMPARES TO 36.3% IN 2023 FIRST NINE MONTHS AND 30.0% IN 2019 FIRST NINE MONTHS. IN THE FIRST NINE MONTHS OF 2024, WE HAD AN OPERATING LOSS OF (€3.6) MILLION, COMPARED TO AN OPERATING LOSS OF (€2.2) MILLION IN 2023 FIRST NINE MONTHS AND AN OPERATING LOSS OF (€19.5) MILLION 2019 FIRST NINE MONTHS. EXCLUDING (€4.8) MILLION OF ONE-OFF SEVERANCE COSTS, WE WOULD HAVE REPORTED AN OPERATING PROFIT OF €1.2 MILLION, WHICH COMPARES TO AN OPERATING LOSS OF (€0.7) MILLION IN 2023 FIRST NINE MONTHS AND TO AN OPERATING LOSS OF (€16.1) MILLION IN 2019 FIRST NINE MONTHS. NET FINANCE COSTS WERE (€7.4) MILLION, COMPARED TO (€5.6) MILLION IN 2023 AND (€7.7) MILLION IN 2019 SAME PERIOD, MAINLY AS A CONSEQUENCE OF HIGHER INTEREST EXPENSES ON LEASE CONTRACTS AND THIRD-PARTY FINANCING, AS WELL AS UNFAVORABLE CURRENCY MOVEMENTS ON TRADE PAYABLES AND RECEIVABLES. DURING THE FIRST 9 MONTHS OF 2024, WE INVESTED €5.4 MILLION, PRIMARILY TO UPGRADE OUR ITALIAN FACTORIES AND FOR THE DOS LOCATED IN THE U.S. AND ITALY. WE CONTINUE THE DIVESTMENT PROGRAM OF NON-STRATEGIC ASSETS WE ANNOUNCED: - WE RECEIVED $3.8 MILLION IN OCTOBER 2024 AS A FIRST INSTALLMENT FOR THE SALE OF A BUILDING LOCATED IN HIGH POINT, NORTH CAROLINA. - WE SIGNED A PRELIMINARY AGREEMENT FOR THE SALE OF A LAND IN ROMANIA FOR AN EXPECTED PRICE BETWEEN €2.9 AND €3.1 MILLION. - AS OF SEPTEMBER 30, 2024, WE HELD €17.1 MILLION IN CASH, FROM €33.6 MILLION AS OF DECEMBER 31, 2023. IN PARTICULAR, THE DIFFERENCE IN CASH IS DETERMINED AS FOLLOWS: - NET CASH USED IN OPERATING ACTIVITIES (€5.1) MILLION. OF THIS, (€6.0) MILLION TO REDUCE WORKFORCE; - NET CASH USED IN INVESTING ACTIVITIES (€5.4) MILLION; - NET CASH USED IN FINANCING ACTIVITIES (€7.1) MILLION; - EFFECT OF MOVEMENTS EXCHANGE RATES ON CASH (€0.4) MILLION; - DIFFERENCE IN BANK-OVERDRAFT REPAYABLE ON DEMAND €1.5 MILLION. 3Q 2024: HIGHLIGHTS TOTAL NET SALES WERE €75.0 MILLION, IN LINE WITH 3Q 2023 (+0.1%). BRANDED SALES WERE €68.8 MILLION, UP 0.3% FROM 3Q 2023 AND UP 4.6% FROM 3Q 2019. BRANDED SALES WERE 93.7% OF TOTAL SALES, COMPARED TO 93.9% IN 3Q 2023 AND 78.6% IN 3Q 2019. DOS SALES WERE €16.8 MILLION, DOWN 1.4% FROM €17.1 MILLION IN 3Q 2023 AND UP 25.7% FROM €13.4 MILLION IN 3Q 2019. AS PART OF OUR TRANSFORMATION, DURING 3Q 2024, WE ACCELERATED OUR RESTRUCTURING WHICH AFFECTED P&L RESULTS WITH (€3.4) MILLION OF ONE-OFF SEVERANCE COSTS: - (€2.9) MILLION ACCRUED IN COST OF SALES; - (€0.5) MILLION ACCRUED IN SELLING AND ADMINISTRATIVE EXPENSES. IN 3Q 2024, 276 PERSONS EXITED OUR GROUP. THESE EXITS ARE MAINLY DUE TO THE CLOSING OF OUR SHANGHAI PLANT, WHOSE PRODUCTION WAS MOVED TO QUANJIAO. IN 3Q 2024, GROSS MARGIN WAS 31.8%, COMPARED TO 35.4% IN 3Q 2023 AND 28.7% IN 3Q 2019. EXCLUDING (€2.9) MILLION OF ONE-OFF SEVERANCE COSTS, GROSS MARGIN WOULD HAVE BEEN 35.7%, WHICH COMPARES TO 35.5% IN 3Q 2023 AND 30.5% IN 3Q 2019. IN 3Q 2024, WE HAD AN OPERATING LOSS OF (€3.8) MILLION, COMPARED TO A LOSS OF (€1.4) MILLION IN 3Q 2023 AND A LOSS OF (€8.7) MILLION IN 3Q 2019. EXCLUDING (€3.4) MILLION OF ONE-OFF SEVERANCE COSTS, WE WOULD HAVE REPORTED AN OPERATING LOSS OF (€0.4) MILLION, WHICH COMPARES TO AN OPERATING LOSS OF (€1.1) MILLION IN 3Q 2023 AND AN OPERATING LOSS OF (€6.8) MILLION IN 3Q 2019. NET FINANCE COSTS WERE (€3.3) MILLION, COMPARED TO NET FINANCE COSTS OF (€1.4) MILLION IN 3Q 2023 AND (€3.1) MILLION IN 3Q 2019, MAINLY AS A CONSEQUENCE OF HIGHER INTEREST EXPENSES ON LEASE CONTRACTS AND THIRD-PARTY FINANCING, AS WELL AS UNFAVORABLE CURRENCY MOVEMENTS ON TRADE PAYABLES AND RECEIVABLES. DURING 3Q 2024, WE INVESTED €1.7 MILLION, PRIMARILY TO UPGRADE OUR ITALIAN FACTORIES AND FOR THE DOS LOCATED IN THE U.S. AND ITALY. *** Natuzzi S.p.A. NTZ ("we", "Natuzzi" or the "Company" and, together with its subsidiaries, the "Group"), one of the most renowned brands in the production and distribution of design and luxury furniture, today reported its unaudited financial information for the first nine months and third quarter ended September 30, 2024. Pasquale Natuzzi, Executive Chairman of the Group, commented: " We are living in a dual-speed reality. On one hand, our performance reflects the ongoing challenges posed by the persistent economic crisis. On the other hand, we are seeing growing evidence of the strength of our long-term Brand/Retail project, which continues to gain momentum, paving the conditions to capture the full potential of our Brands. On November 12, I had the privilege of inaugurating the Natuzzi Harmony Residences, a 110,000-square-feet, 9-floor building with 50 apartments, located in a prestigious area in Dubai. For the first time, we have led the whole architectural and creative direction both for the exterior and interior design, resulting in a project which is a living tribute to our Brand DNA. This initiative is a clear testament that our Brand enjoys global recognition and that we completed our evolution into a lifestyle brand. We also continue to innovate and lead where our brand has its origins. In October, at the High Point Market, we unveiled our 'Re-imagined Gallery' concept — an innovative format designed to strengthen the coherence of the Natuzzi brand representation and improve commercial performance with our distribution partners. The 'Re-imagined Gallery' has since become our global standard for the brand's presence in multi-brand retailers. Along with our global retail format, it ensures consistent brand representation across markets and channels. Thanks to these efforts, we are increasingly presenting our collection in a unified and inspiring way across our 678 stores and 628 galleries worldwide. These results testify that Natuzzi is one of the few global design and high-end furniture brands. They also reinforce my belief that, moving forward, the positive impact of our strategic initiatives will effectively counterbalance market headwinds, positioning us for a prosperous future." Antonio Achille, CEO of the Group, commented: " Our sales during the first nine months of 2024 have been in line with the previous year, despite challenging conditions that continued to impact not only the furnishings sector but also the broader durable and consumer goods industries. This was achieved, despite a soft third quarter, which was significantly below the year's average, thereby affecting deliveries in August and September. In this regard, we need to remember the cycle of our business innovation. For instance, the merchandising and retail initiatives for Natuzzi Italia, introduced during April's Milan Design Week, reached the market only by late September. This was reflected in Natuzzi Italia's delivered sales for the first nine months, which were 0.9% lower compared to the same period in 2023. Natuzzi Italia performance improved in the last two months, effectively closing the gap with 2023 levels. Looking ahead, the focus for Natuzzi Italia will remain on the consistent rollout of the Brand/Retail/Marketing strategy, with a particular emphasis on priority markets, such as U.S., China, UK, Spain and Italy. Natuzzi Editions, distributed in Italy under the "Divani&Divani by Natuzzi" brand, has reported overall revenue slightly up compared to the previous year (+1.1%). We are actively engaging customers through targeted global initiatives, such as the "Re-imagined gallery" project, aimed at building a stronger foundation to reinforce this positive momentum. We remain confident that our brands and retail strategy are poised for significant growth and remain committed to executing the Company's long-term plan: 1) Improve the quality of our distribution to accelerate our Brand journey. Retail . The Group continues to make progresses in its transformation into a retail-branded company. Natuzzi collections are sold globally in 678 stores, of which 54 free standing DOS managed directly by the Group, 19 DOS managed by our JV in China, 3 DOS in partnership in the U.S. and 602 franchised stores. Our DOS sales increased by 6.3% compared to the first nine months of 2023, with U.S.-based DOS showing a growth of 22.3% over the same period also supported by the 4 DOS opened in 2023 (in San Diego, Manhasset, Houston, Atlanta) and the new Denver store opened in September 2024. Our North American retail network now includes 22 Natuzzi Italia stores (18 of which are directly operated and 4 operated by franchise partners) and 10 Natuzzi Editions stores, comprising 1 DOS, 3 stores operated in joint venture with a local partner and 6 franchise stores. Re-imagined Gallery. Natuzzi has redefined its wholesale shop-in-shop format resulting in an innovative concept designed to support independent retailers to properly represent the distinctiveness of our brand in their multi-brand environment, while improving their sell-out performances. We are witnessing a strong interest from both current and prospective partners. Since the global launch of this re-imagined Gallery Concept, Natuzzi has received proposals for 142 projects, including new openings and refits, which will be implemented starting from 1Q 2025. Reimagined Gallery program is also enabling us to re-enter into key European markets. In Germany, we recently si g ned a partnership with a leading furniture retailer, which resulted in the opening of 24 new Natuzzi Editions galleries. 2) Foster new market opportunities: Trade and Contract. I am particularly proud and thankful to our team for the progress made by the newly established division. 'Natuzzi Harmony Residences' in Dubai marks a transformative milestone for our business, reflecting our evolution and ambitions. It is a true testament to the power of the Natuzzi Italia brand, as it represents our first venture into designing and branding an entire residential building. This achievement reaffirms that establishing our dedicated Trade & Contract division was the right decision, enabling us to fully leverage Natuzzi's assets and expertise while setting distinct growth and profitability targets. 3) Enhance margins. Excluding €4.1 million of one-off severance costs, gross margin would have reached 37.4% in the first nine months of 2024, which compares to a gross margin of 36.3% in 2023 same period and 30.0% in 2019 same period. The gross margin was affected by the weak order flow during 3Q 2024, which negatively weighed on deliveries in August and September, resulting in a less efficient absorption of fixed costs for the period. 4) Execute our restructuring program. We remain committed to optimizing our operating model and reducing costs across factories and offices in Italy and abroad. In the first nine months of 2024, 538 employees (of which 276 in the third quarter) exited the Group, partially offset by strategic hires in retail, advertising, and merchandising. These reductions mainly involved factory workers in Romania, China, and Italy, as well as employees at the Group level. Since the beginning of 2021, we have achieved a net reduction of 1,110 positions—a 26% decrease. This reduction is part of our strategy of transitioning Natuzzi from a volume-driven to a value-driven organization. This shift requires a leaner workforce, new competencies, and an evolved approach to human resources and organization. We remain committed to implementing this plan ethically and in full compliance with the laws. As restructuring progresses, our streamlined model positions us to unlock greater value when sales return to historical levels. 5) Production simplification and efficiency improvement . We continue to conduct a comprehensive review of the Group's industrial operations to simplify processes, reduce working capital and drive further efficiencies. Our efforts to optimize the footprint of our Asian operations are progressing as planned. In 3Q 2024 we completed the closing of our historical factory in Shanghai, shifting the production to the new plant located in Quanjiao, Anhui Province, China. This new plant, which will serve exclusively the Chinese market, offers industrial and transformation costs which are approximately 30% lower compared to the Shanghai plant. 6) Divest non-strategic resources The Company continues to make progress in its strategy of divesting non-strategic assets. The sale of the building in High Point, NC, is proceeding as planned, with $3.8 million received in October. Additionally, in November, we signed a preliminary agreement for the sale of a land adjacent to our factory in Romania. The final price is expected to range between €2.9 million and €3.1 million. The transaction is anticipated to close by mid-2025, pending customary approvals and processes with the local municipality. The Company plans to use the net proceeds from the sale of non-strategic assets to fund restructuring initiatives and expand its DOS network, with a particular focus on the U.S. market. The challenging market continues to delay the full realization of benefits from our retail expansion and restructuring efforts. We remain dedicated to enhancing our brand-retail value proposition while steadily reducing the Group's fixed cost base." *** 2024 FIRST NINE MONTHS CONSOLIDATED REVENUE Consolidated revenue for the first nine months of 2024 amounted to €243.9 million, compared to €244.5 million in 2023 same period. 2024 performance was impacted by ongoing macroeconomic, geopolitical, and industry-specific challenges, which continued to dampen consumer spending capacity and delay purchases of durable goods. Excluding "other sales" of €6.1 million, 2024 invoiced sales from upholstered and other home furnishings products amounted to €237.8 million, compared to €238.1 million in 2023 same period. Revenues from upholstered and other home furnishings products are hereafter described according to the main dimensions of the Group's business: A: Branded/Unbranded Business B: Key Markets C: Distribution A. Branded/Unbranded business The Group operates in the branded business (with Natuzzi Italia , Natuzzi Editions and Divani&Divani by Natuzzi ) and unbranded business, the latter with collections dedicated to large-scale distribution. A1. Branded business . Within the branded business, Natuzzi is pursuing a dual-brand strategy: i) Natuzzi Italia , our luxury furniture brand, offers products entirely designed and manufactured in Italy and targets an affluent and more sophisticated global consumer with a highly inspirational collection that is largely the same across all our global stores to best represent our Brand. Natuzzi Italia products are almost exclusively sold in mono-brand stores (directly operated or franchises). ii) Natuzzi Editions , our contemporary collection, offers products entirely designed in Italy and produced in different plants strategically located to best serve individual markets (mainly China, Romania and Brazil). Natuzzi Editions products are distributed in Italy under the brand " Divani&Divani by Natuzzi", which is manufactured in Italy to shorten the lead time to serve the Italian market where the brand is distributed. The store merchandising of Natuzzi Editions, starting from a common collection, is tailored to best fit the opportunities of each market. The Natuzzi Editions products are sold primarily through galleries and selected mono-brand franchise stores. In 2024, Natuzzi's branded invoiced sales amounted to €221.2 million, compared to €220.6 million in 2023 same period. The following is the contribution of each Brand in terms of invoiced sales for the first nine months of 2024: ─ Natuzzi Italia invoiced sales amounted to €91.9 million, compared to €92.7 million in 2023 same period. ─ Natuzzi Editions invoiced sales (including invoiced sales from " Divani&Divani by Natuzzi" ) amounted to €129.3 million, compared to €127.9 million in 2023 same period. Specifically, Natuzzi Editions invoiced sales were €102.6 million, compared to €103.0 million in 2023 same period. Invoiced sales for Divani&Divani by Natuzzi were €26.7 million, compared to €24.9 million in 2023 same period. A2. Unbranded business . Invoiced sales from our unbranded business amounted to €16.6 million, compared to €17.5 million in 2023 same period. The Company's strategy is to focus on selected large accounts and serve them with a more efficient go-to-market model. B. Key Markets Below is a breakdown of upholstery and home-furnishings invoiced sales for the first nine months of 2024, compared to 2023 same period, according to the following geographic areas. 2024 2023 Delta € Delta % North America 76.9 69.5 7.4 10.6% Greater China 18.8 19.5 (0.7) (3.4%) West & South Europe 75.9 80.2 (4.3) (5.3%) Emerging Markets 31.8 34.2 (2.4) (7.2%) Rest of the World* 34.4 34.7 (0.3) (0.9%) Total 237.8 238.1 (0.3) (0.1%) Figures in €/million, except percentage. *Include South and Central America, Rest of APAC. In North America, the sales increase is primarily driven by the branded segment of the business, with significant contributions from our DOS and franchise stores in the U.S. In Greater China, the furniture industry and real estate markets continue to encounter significant challenges. Enhanced coordination efforts within our joint venture are instrumental in reducing the inventory of Natuzzi Italia products. The JV is realigning the organization's scale and capabilities to better reflect the current business trends. To date, the JV has already reduced SG&A expenses by almost 20% compared to the previous year, also as a result of a reduced number of employees. The JV plans to continue with this project to get a more agile structure, to a level coherent with the current business rate. The performance in West & South Europe reflects a generalized difficult macroeconomic condition, especially for some European mature markets, as well as the loss of disposable income by consumers as a result of prior different quarters of high interest rates and inflation. The emerging markets, and in particular East Europe and the Middle East, are still curbed by the worsening of international relations and the associated conflicts. C. Distribution During the first nine months of 2024, the Group distributed its branded collections in 103 countries, according to the following table. Direct Retail FOS Total retail stores (Sept. 30, 2024) North America 22 (1) 10 32 West & South Europe 31 100 131 Greater China 19 (2) 325 344 Emerging Markets ─ 78 78 Rest of the World 4 89 93 Total 76 602 678 (1) Included 3 DOS in the U.S. managed in joint venture with a local partner. As the Natuzzi Group does not exert full control in each of these DOS, we consolidate only the sell-in from such DOS. (2) All directly operated by our joint venture in China. As the Natuzzi Group owns a 49% stake in the joint venture and does not control it, we consolidate only the sell-in from such DOS. FOS = Franchise stores managed by independent partners. The Group also sells its branded products by means of 628 Natuzzi galleries (including 12 Natuzzi Concessions, i.e., store-in-store points of sale directly managed by the Mexican subsidiary of the Group). During the first nine months of 2024, the Group's invoiced sales from direct retail , including DOS and Concessions operated by the Group, were €57.4 million, compared to €54.0 million in 2023 same period. This growth was primarily driven by a 22.3% increase in sales from our US-based DOS. In 2024 we also closed two non-performing stores in Zurich, Switzerland, and Madrid, Spain. During the first nine months of 2024, invoiced sales from franchise stores (FOS) amounted to €97.8 million, compared to €98.7 million in 2023 same period. We continue executing our strategy to evolve into a Brand/Retailer and improve the quality of our distribution network. The weight of the invoiced sales generated by the retail network (Direct retail and Franchise Operated Stores) on total upholstered and home furnishings business in the first nine months of 2024 was 65.3% compared to 64.1% in 2023 same period and compared to 44.1% in 2019 same period. The Group also sells its products through the wholesale channel , consisting primarily of Natuzzi-branded galleries in multi-brand stores, as well as mass distributors selling mainly unbranded products. During the first nine months of 2024, invoiced sales from the wholesale channel amounted to €82.6 million, compared to €85.5 million in 2023 same period. We are placing renewed emphasis on the wholesale segment of our business, which remains a strategic channel in several geographies, including the U.S. and Europe. To support this, we are introducing a re-imagined gallery concept, which provides a practical setting for sales associates to engage with clients, narrate the captivating Natuzzi story, showcase our collections, and support sales. GROSS MARGIN Gross margin for the first nine months of 2024 was 35.8%, which compares to 35.8% in 2023 and 29.0% in 2019 same periods. Net of the (€4.1) million of one-off severance costs included in cost of sales, gross margin for the first nine months of 2024 would have been 37.4%. This would compare to 36.3% in 2023 same period and 30.0% in 2019 same period. 2024 Gross margin was partially affected by the weak business trend during 3Q 2024, that impacted deliveries in August and September, below the average for 2024. This resulted in a less efficient absorption of fixed costs, which, together with a different brand mix, inventory exits and costs related to moving production from Shanghai to Quanjiao, weighed on the improving trajectory of gross margin. 2024 consumption was (36.5%) on revenues, improving from (37.4%) in 2023 same period. In 2024, labor costs increased by €2.8 million compared to the same period in 2023. This rise includes €4.1 million in one-off severance-related expenses, primarily in China, Romania, and Italy, reflecting our ongoing efforts to optimize workforce levels across the Group's facilities. Additionally, labor costs rose in Romania, as part of the Government plan to increase the minimum wage, and in Italy, due to the renegotiation of national collective bargaining agreements. 3Q 2024 gross margin was 31.8%, compared to 35.4% in 3Q 2023 and 28.7% in 3Q 2019, as per the factors explained above. Net of the (€2.9) million of one-off severance costs, 3Q 2024 gross margin would have been 35.7%, which would compare to 35.5% in 3Q 2023 and 30.5% in 3Q 2019. OPERATING EXPENSES During the first nine months of 2024, operating expenses, which includes selling expenses, administrative expenses, other operating income/expenses, and the impairment of trade receivables, totaled (€90.8) million, or (37.2)% of revenue, compared to (€89.7) million, or (36.7)% of revenue in 2023 same period. In 2024, in particular, selling and administrative expenses were affected by the following factors, for a total of €3.1 million, compared to 2023 same period: - a €2.1 million of extra costs related to the opening of new DOS as well from the 4 additional stores opened in 2023; - a €1.0 million reduction in incentives from the Italian government compared to 2023 same period. During the first nine months of 2024, we accrued €0.7 million, to reduce the number of employees in Italy and in some of the Group's subsidiaries. During the first nine months of 2024, transportation costs as a percentage of revenue decreased to (7.8%) from (8.3%) during the same period in 2023. However, in 3Q 2024, they rose to (8.6%), compared to (7.6%) in 3Q 2023, primarily due to the Suez Canal crisis, which required rerouting shipments from China and Vietnam. To counter this inflationary pressure, the Company implemented freight surcharges starting in August 2024. In addition, within "Other income", during the first nine months of 2023, we benefitted from €2.0 million of extraordinary income mainly related to freight surcharges. In 2024, the benefits of similar extraordinary income were not significant. NET FINANCE INCOME/(COSTS) During the first nine months of 2024, the Company accounted for a total of (€7.4) million of Net Finance costs, compared to a total of (€5.6) million of Net Finance costs in 2023 same period. One of the main drivers of the difference between the two periods relates to unfavorable currency exchange movements, resulting in a net exchange rate loss of (€0.7) million in 2024, compared to a net exchange rate gain of €0.3 million in 2023 same period. Furthermore, persisting high interest rates continue to adversely impact our results, principally in terms of high interest expenses on lease contracts as well as third-party financing, resulting in 2024 finance costs of (€7.3) million compared to finance costs of (€6.6) million in 2023 same period. 2024 THIRD QUARTER: KEY RESULTS During 3Q 2024, the Company reported the following results: ─ Total revenue of €75.0 million, in line with €74.9 million in 3Q 2023. The third quarter is historically our slowest quarter, as Italian factories are customarily shut down for most of August. In addition, delivered sales during 3Q 2024 were significantly impacted by ongoing challenging business conditions resulting in lower than usual delivered sales in August and September. ─ We had gross margin of 31.8%, compared to 35.4% in 3Q 2023 and 28.7% in 3Q 2019. Excluding (€2.9) million of one-off severance-related costs to reduce workforce mainly at our Chinese factory, 3Q 2024 gross margin would have been 35.7%. As anticipated, 3Q 2024 gross margin was affected by a weak business trend during the quarter, particularly impacting delivered sales of Natuzzi Italia products, resulting in a less efficient absorption of fixed costs. In addition, a different brand mix, inventory exits and costs related to moving production from Shanghai to Quanjiao, further weighed on gross margin in 3Q 2024. ─ Operating expenses, which includes selling expenses, administrative expenses, other operating income/expenses, and the impairment of trade receivables, totaled (€27.7) million, or (36.9)% of revenue, compared to (€27.8) million, or (37.2)% of revenue in 3Q 2023. ─ Depreciation and amortization, which include also the depreciation charge of right-of-use assets related to the operating leases and accounted for in the cost of sales, selling and administrative expenses, amounted to €5.1 million in 3Q 2024, compared to €5.7 million in 3Q 2023 and €6.2 million in 3Q 2019. ─ In 3Q 2024 operating loss was (€3.8) million, which compares to a loss of (€1.4) million in 3Q 2023, and a loss of (€8.7) million in 3Q 2019. Net of the (€3.4) million of one-off severance costs, 3Q 2024 would have reported an operating loss of (€0.4) million. ─ Total Net Finance costs were (€3.3) million, compared to total Net Finance Costs of (€1.4) million in 3Q 2023, mainly as a result of: i) a €0.5 million increase in finance costs due to persisting high interest rates affecting in particular interest expenses on lease contracts and third-party financing, and ii) a €1.2 million negative difference from net exchange rate, following unfavorable currency movements. ─ We had a loss after tax for the period of (€7.4) million, primarily driven by the factors outlined above. This compares to a loss after tax of (€2.7) million in 3Q 2023 and to a loss after tax of (€11.7) million in 3Q 2019. CASH FLOW AND BALANCE SHEET As of September 30, 2024, we held €17.1 million in cash, from €33.6 million as of December 31, 2023, representing a decrease of €16.5 million. In particular, the difference in cash is determined as follows: ─ Net cash used in operating activities (€5.1) million. Of this, (€6.0) million to reduce workforce; ─ Net cash used in investing activities (€5.4) million; ─ Net cash used in financing activities (€7.1) million; ─ Effect of movements exchange rates on cash (€0.4) million; ─ Difference in bank-overdraft repayable on demand €1.5 million. As of September 30, 2024, we had a net financial position before lease liabilities (cash and cash equivalents minus long-term borrowings minus bank overdraft and short-term borrowings minus current portion of long-term borrowings) of (€28.7) million, compared to (€6.6) million as of December 31, 2023, indicating a deterioration of €22.1 million in the period. ******* Natuzzi S.p.A. and Subsidiaries Unaudited consolidated statement of profit or loss for the third quarter of 2024 and 2023 on the basis of IFRS-IAS (expressed in millions Euro, except as otherwise indicated) Third quarter ended on Change Percentage of revenue 30-Sep-24 30-Sep-23 % 30-Sep-24 30-Sep-23 Revenue 75.0 74.9 0.1 % 100.0 % 100.0 % Cost of Sales (51.1 ) (48.4 ) 5.7 % -68.2 % -64.6 % Gross profit 23.8 26.5 -10.0 % 31.8 % 35.4 % Other income 1.3 2.4 1.8 % 3.2 % Selling expenses (20.3 ) (21.6 ) -6.2 % -27.0 % -28.8 % Administrative expenses (8.5 ) (8.6 ) -0.8 % -11.3 % -11.4 % Impairment on trade receivables (0.3 ) (0.0 ) -0.4 % 0.0 % Other expenses 0.0 (0.1 ) 0.1 % -0.1 % Operating profit/(loss) (3.8 ) (1.4 ) -5.1 % -1.8 % Finance income 0.2 0.4 0.3 % 0.5 % Finance costs (2.4 ) (1.9 ) -3.1 % -2.5 % Net exchange rate gains/(losses) (1.1 ) 0.1 -1.5 % 0.2 % Net finance income/(costs) (3.3 ) (1.4 ) -4.4 % -1.9 % Share of profit/(loss) of equity-method investees (0.0 ) 0.4 0.0 % 0.5 % Profit/(Loss) before tax (7.1 ) (2.4 ) -9.4 % -3.2 % Income tax expense/(benefit) (0.3 ) (0.3 ) -0.4 % -0.4 % Profit/(Loss) for the period (7.4 ) (2.7 ) -9.9 % -3.6 % Profit/(Loss) attributable to: Owners of the Company (7.8 ) (2.7 ) Non-controlling interests 0.3 0.0 Natuzzi S.p.A. and Subsidiaries Unaudited consolidated statement of profit or loss for the nine months of 2024 and 2023 on the basis of IFRS-IAS (expressed in millions Euro, except as otherwise indicated) Nine months ended on Change Percentage of revenue 30-Sep-24 30-Sep-23 % 30-Sep-24 30-Sep-23 Revenue 243.9 244.5 -0.3 % 100.0 % 100.0 % Cost of Sales (156.7 ) (157.0 ) -0.2 % -64.25 % -64.21 % Gross profit 87.2 87.5 -0.4 % 35.8 % 35.8 % Other income 3.8 6.0 1.6 % 2.5 % Selling expenses (67.3 ) (68.2 ) -1.4 % -27.6 % -27.9 % Administrative expenses (27.0 ) (27.3 ) -1.1 % -11.1 % -11.1 % Impairment on trade receivables (0.3 ) (0.1 ) -0.1 % 0.0 % Other expenses (0.1 ) (0.2 ) 0.0 % -0.1 % Operating profit/(loss) (3.6 ) (2.2 ) -1.5 % -0.9 % Finance income 0.6 0.7 0.2 % 0.3 % Finance costs (7.3 ) (6.6 ) -3.0 % -2.7 % Net exchange rate gains/(losses) (0.7 ) 0.3 -0.3 % 0.1 % Net finance income/(costs) (7.4 ) (5.6 ) -3.1 % -2.3 % Share of profit/(loss) of equity-method investees 0.1 2.4 0.0 % 1.0 % Profit/(Loss) before tax (11.0 ) (5.5 ) -4.5 % -2.3 % Income tax expense (0.5 ) (0.9 ) -0.2 % -0.3 % Profit/(Loss) for the period (11.5 ) (6.4 ) -4.7 % -2.6 % Profit/(Loss) attributable to: Owners of the Company (11.9 ) (6.3 ) Non-controlling interests 0.4 (0.1 ) Natuzzi S.p.A. and Subsidiaries Unaudited consolidated statements of financial position (condensed) on the basis of IFRS-IAS (Expressed in millions of Euro) 30-Sep-24 31-Dec-23 ASSETS Non-current assets 176.0 188.6 Current assets 140.4 149.7 TOTAL ASSETS 316.4 338.3 EQUITY AND LIABILITIES Equity attributable to Owners of the Company 56.1 68.9 Non-controlling interests 4.6 4.3 Non-current liabilities 106.3 110.4 Current liabilities 149.5 154.7 TOTAL EQUITY AND LIABILITIES 316.4 338.3 Natuzzi S.p.A. and Subsidiaries Unaudited consolidated statements of cash flows (condensed) (Expressed in millions of Euro) 30-Sep-24 31-Dec-23 Net cash provided by (used in) operating activities (5.1 ) 3.2 Net cash provided by (used in) investing activities (5.4 ) (7.9 ) Net cash provided by (used in) financing activities (7.1 ) (15.7 ) Increase (decrease) in cash and cash equivalents (17.6 ) (20.4 ) Cash and cash equivalents, beginning of the year 31.6 52.7 Effect of movements in exchange rates on cash held (0.4 ) (0.8 ) Cash and cash equivalents, end of the period 13.6 31.6 For the purpose of the statements of cash flow, cash and cash equivalents comprise the following: (Expressed in millions of Euro) 30-Sep-24 31-Dec-23 Cash and cash equivalents in the statement of financial position 17.1 33.6 Bank overdrafts repayable on demand (3.5 ) (2.0 ) Cash and cash equivalents in the statement of cash flows 13.6 31.6 CONFERENCE CALL The Company will host a conference call on Friday December 13, 2024, at 10:00 a.m. U.S. Eastern time (4.00 p.m. Italy time, or 3.00 p.m. UK time) to discuss financial information . To join live the conference call, interested persons will need to either: i) dial-in the following number: Toll/International: + 1-412-717-9633, then passcode 39252103# , or ii) click on the following link : https://www.c-meeting.com/web3/join/3PQUFXRW48XTKQ to join via video. Participants also have the option to listen via phone after registering to the link. ***** CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS Certain statements included in this press release constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as "estimate," "forecast," "project," "anticipate," "likely," "target," "expect," "intend," "continue," "seek," "believe," "plan," "goal," "could," "should," "would," "may," "might," "will," "strategy," "synergies," "opportunities," "trends," "ambition," "objective," "aim," "future," "potentially," "outlook" and words of similar meaning may signify forward-looking statements. These statements involve inherent risks and uncertainties, as well as other factors that may be beyond our control. The Company cautions readers that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to: effects on the Group from competition with other furniture producers, material changes in consumer demand or preferences, significant economic developments in the Group's primary markets, the Group's execution of its reorganization plans for its manufacturing facilities, significant changes in labor, material and other costs affecting the construction of new plants, significant changes in the costs of principal raw materials and in energy costs, significant exchange rate movements or changes in the Group's legal and regulatory environment, including developments related to the Italian Government's investment incentive or similar programs, the duration, severity and geographic spread of any public health outbreaks (including the spread of new variants of COVID-19), consumer demand, our supply chain and the Company's financial condition, business operations and liquidity, the geopolitical tensions and market uncertainties resulting from the ongoing armed conflict between Russia and Ukraine and the Israel-Hamas war and the inflationary environment and increases in interest rates. The Company cautions readers that the foregoing list of important factors is not exhaustive. When relying on forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and events. Additional information about potential factors that could affect the Company's business and financial results is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent Annual Report on Form 20-F. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release. About Natuzzi S.p.A. Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture. As of September 30, 2024, Natuzzi distributes its collections worldwide through a global retail network of 678 monobrand stores and 628 galleries. Natuzzi products embed the finest spirit of Italian design and the unique craftmanship details of the "Made in Italy", where a predominant part of its production takes place. Natuzzi has been listed on the New York Stock Exchange since May 13, 1993. Committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC ® Chain of Custody, CoC (FSC-C131540). View source version on businesswire.com: https://www.businesswire.com/news/home/20241212991243/en/ © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

LAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. “Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.” Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. “The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team,” Michael Andretti posted on social media. “I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!” The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team. I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you! The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA . The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1."

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NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The fresh pet food market in US size is estimated to grow by USD 1.23 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 29.91% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Region Outlook 1. North America - North America is estimated to contribute 100%. To the growth of the global market. The Fresh Pet Food Market in US report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. For more insights on North America's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview 1.1 Offline 1.2 Online 2.1 Dog food 2.2 Cat food 2.3 Others 3.1 Fish 3.2 Meat 3.3 Vegetable 3.4 Others 4.1 North America Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The offline segment of the fresh pet food market in the US is experiencing growth due to the rising demand for fresh and nutritious pet food options. Supermarkets and hypermarkets, including Target Corp. (Target), Walmart, Meijer Inc. (Meijer), Whole Foods Market Inc. (Whole Foods Market), and The Kroger Co. (Kroger), are popular distribution channels for fresh pet foods. These retailers offer a wide selection of fresh pet foods from various brands, providing convenience for pet owners. Vendors are also introducing innovative products, such as Freshpet Inc.'s Spring and Sprout, a fresh, vegetarian dog food, in supermarkets and hypermarkets. Expansions of large supermarket chains, like ALDI Inc. (ALDI), will increase accessibility and sales of fresh pet foods. Pet specialty stores, vet clinics, and pet clubs are also expanding their offerings of fresh pet foods to meet the increasing demand. Convenience stores, with their extended hours and increasing number, provide pet owners with access to fresh pet foods at convenient locations. As of July 2022 , there are 43,267 convenience stores in the US, a 3% increase from 2021. The growth of these offline channels will contribute to the expansion of the fresh pet food market in the US during the forecast period. Research Analysis The Fresh Pet Food Market in the US is witnessing a significant shift towards natural and whole food sources for pets. Consumers are increasingly seeking out pet food options that are free from artificial preservatives, additives, fillers, and byproducts. Instead, they are opting for human-grade foods made from lean meats, fish, vegetables, and fruits. The Pet Food Business is responding to this trend by offering a wide range of canine food choices that cater to this demand. Home cooks are also joining the movement, preparing meals for their pets using fresh ingredients. However, it's important to ensure that the temperature of the food is appropriate to maintain its nutritional content and prevent foodborne illnesses. Reliable providers in the market offer a variety of fresh pet food options, including poultry, meats, grains, and rice. These foods are sourced from whole food sources to provide optimal nutritional content for pets. Whether you're looking for chicken, fish, or vegetable-based options, there are plenty of choices available in the Fresh Pet Food Market to keep your furry friends healthy and happy. Market Overview The Fresh Pet Food Market in the US is experiencing significant growth as pet owners prioritize the health and well-being of their companion animals. The market offers various options for pet food, including fresh, human-grade foods made from poultry, fish, vegetables, and fruits. However, some concerns surround the use of artificial preservatives, additives, fillers, and byproducts in conventional pet food. Pet parents are increasingly seeking out high-quality, nutritious options for their dogs and cats. The market segmentation includes the Dog Food segment and Cat Food segment, with the former dominating the market. The Offline Market segment includes pet specialty stores, pet clubs, vet clinics, and convenience stores, while the Online Platforms segment includes e-commerce and subscription services. The regulatory environment plays a crucial role in ensuring the quality of ingredients, label accuracy, and production processes. Discerning pet owners demand transparency and personalization, leading to the popularity of customized pet nutrition and prescription diets. The market also offers senior pet foods, grain-free and hypoallergenic alternatives, and organic food choices. The fresh pet food market offers various pet food varieties, including those made from whole food sources, lean meats, and minimally processed ingredients. Established suppliers provide reliable sources of nutritious ingredients, while pet food retailers and sellers cater to the diverse needs of pet owners. The convenience of home delivery services and subscription plans further adds to the appeal of fresh pet food. In conclusion, the Fresh Pet Food Market in the US is a dynamic and growing industry that prioritizes the health and well-being of companion animals. It offers various options for pet food, including fresh, human-grade foods, and caters to the diverse needs and preferences of pet owners. The market's focus on quality nutrition, personalization, and convenience continues to drive its growth. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioThe UN nuclear watchdog's board of governors passed a resolution chiding Iran's poor cooperation with the agency after hours of heated exchanges, diplomats told AFP late on Thursday, a move Tehran called "politically motivated". The censure motion brought by Britain, France, Germany and the United States at the International Atomic Energy Agency's 35-nation board follows a similar one in June.Join Now for an Exciting New Tongits Game on GameZone!