What's Going On With Chegg Stock Tuesday?
What's Going On With Chegg Stock Tuesday?
Chegg Inc (NYSE:CHGG) shares are trading higher Tuesday after the company announced a restructuring plan as it refocuses its strategy around its core audience.
Chegg股份有限公司(NYSE:CHGG)的股票週二上漲，因爲該公司宣佈了一項重組計劃，將策略重新聚焦於其核心受衆。
What Happened: After the market close on Monday, Chegg announced a restructuring plan including a 23% headcount reduction, a new brand and marketing strategy and a dedication of more resources to its international program.
事件經過：週一收盤後，Chegg宣佈重組計劃，包括裁員23%，新品牌和營銷策略以及將更多資源投入到其國際計劃中。
Chegg said it will refocus on students with a comprehensive course load who are seeking positive learning outcomes. The company plans to diversify its distribution channels and execute on its strategy by reaching students in high school and earlier in college.
Chegg表示，將重新聚焦於綜合課程負載的尋求積極學習成果的學生。該公司計劃通過高中和大學早期接觸學生來擴大其分銷渠道，並執行其策略。
"Today, we executed a restructuring effort, a major step in my plans to refocus Chegg and return to subscriber and revenue growth," said Nathan Schultz, president and CEO of Chegg.
"今天，我們執行了一項重組努力，這是我將Chegg重新聚焦並回到訂閱和收入增長的計劃中的重要一步，"Chegg的總裁兼首席執行官Nathan Schultz說道。
"These changes are designed to make us a more focused, more efficient, uncomplicated, and quicker-moving company. Our renewed focus on our core audience – the student – will allow us to address an unmet need with an offering that is differentiated, holistic, and verticalized for education."
"這些變化旨在使我們成爲一個更專注、更高效、不復雜、更快速移動的公司。我們對我們的核心受衆——學生——的重新關注，將使我們能夠通過不同於其他教育業者的服務，來應對未滿足的需求。"
Chegg expects the restructuring to save the company between $40 million and $50 million in 2025. The company said it remains committed to achieving adjusted EBITDA margin of 30% or greater in 2025 and believes it can deliver at least $100 million in free cash flow next year. Chegg also reiterated its second-quarter guidance from April.
Chegg預計這項重組計劃將在2025年爲公司節省4000萬到5000萬美元。該公司表示，仍致力於在2025年實現調整後EBITDA利潤率達到30%或更高，並相信可以在明年至少提供1億美元的自由現金流。Chegg還重申了4月份的第二季度業績指引。
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CHGG Price Action: Chegg shares were up 18.7% at $3.09 at the time of publication, according to Benzinga Pro.
CHGG股票行情：根據Benzinga Pro的數據，在發佈時，Chegg的股價上漲了18.7%，爲每股3.09美元。
Photo: Shutterstock.
照片：shutterstock。
譯文內容由第三人軟體翻譯。