FrontDoor

Frontdoor Announces Full-Year 2023 Revenue Increased 7% to $1.78 Billion

Retrieved on: 
Wednesday, February 28, 2024

Free Cash Flow(1) was $170 million for the 12 months ended December 31, 2023.

Key Points: 
  • Free Cash Flow(1) was $170 million for the 12 months ended December 31, 2023.
  • Cash as of December 31, 2023 was $325 million and was comprised of $157 million of restricted net assets and $168 million of Unrestricted Cash.
  • Revenue to grow approximately 2% to 3% to $1.81 billion to $1.84 billion.
  • Frontdoor has scheduled a conference call today, February 28, 2023, at 7:30 a.m. Central time (8:30 a.m. Eastern time).

Sena Kwawu Joins Cinch® Home Services as President, In-Home Services

Retrieved on: 
Tuesday, January 30, 2024

BOCA RATON, Fla., Jan. 30, 2024 /PRNewswire/ -- Cinch Home Services (Cinch), one of the nation's leading providers of home service solutions, announces Sena Kwawu as its new President, In-Home Services.

Key Points: 
  • "Sena has an exceptional ability to shape enterprise strategy by placing customer needs and objectives at the forefront of every initiative he pursues," said Steve Upshaw, Chief Executive Officer of Cinch Home Services.
  • "With Sena's robust background and expertise in the home services space, coupled with his strategic operational insights and inspirational leadership, he will undoubtedly propel Cinch to new heights."
  • Kwawu noted, "I am honored to have the opportunity to join the exceptional leadership team at Cinch.
  • Before becoming part of the Cinch Home Services team, Kwawu held the position of Senior Vice President of Operations at Frontdoor, Inc.

FTC to Hold Virtual Informal Hearing in January 2024 as Part of its Review of the Proposed “Click to Cancel” Rulemaking

Retrieved on: 
Wednesday, January 3, 2024

The Federal Trade Commission will hold a virtual informal hearing on January 16, 2024, on the proposed amendments to the Negative Option Rule.

Key Points: 
  • The Federal Trade Commission will hold a virtual informal hearing on January 16, 2024, on the proposed amendments to the Negative Option Rule.
  • The Federal Register notice states that these entities will be entitled to make oral presentations at the informal hearing on January 16, 2024.
  • The link to the hearing webcast will be posted shortly before the date of the event on the FTC’s website.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

Welcome the New Year with an American Home Shield Warranty, 30% Off Annual Plans

Retrieved on: 
Tuesday, December 26, 2023

American Home Shield , a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation’s leading provider of home warranty plans, is offering 30% off annual home warranty plans for new members from Dec. 27, 2023 through Jan. 1, 2024.

Key Points: 
  • American Home Shield , a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation’s leading provider of home warranty plans, is offering 30% off annual home warranty plans for new members from Dec. 27, 2023 through Jan. 1, 2024.
  • “We know your home is your safe haven, where you create memories and embark on the greatest life journeys.
  • “Owning a home comes with stressors, and not ifs but when will things break down.
  • That’s why a home warranty is essential to keeping your home running smoothly, as well as providing budget protection,” Collins added.

Frontdoor Promotes Senior Executives to New Roles

Retrieved on: 
Monday, December 18, 2023

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans with approximately two million members, today announced the promotion of the following executives: Kathy Collins to Senior Vice President & Chief Revenue Officer, and Evan Iverson to SVP & Chief Operations Officer.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans with approximately two million members, today announced the promotion of the following executives: Kathy Collins to Senior Vice President & Chief Revenue Officer, and Evan Iverson to SVP & Chief Operations Officer.
  • “Jes and I already work very closely together and this change simply makes official what is already happening on a nearly day-to-day basis,” Collins said.
  • Collins joined Frontdoor, Inc. in June 2022 as CMO and was subsequently promoted this past June to Chief Brand Officer.
  • “He understands how to deliver a world class customer experience and he has been a key teammate, supporting most every project I have led at Frontdoor.

American Home Shield Black Friday Deal, 30% Off Annual Plans

Retrieved on: 
Wednesday, November 22, 2023

American Home Shield , a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation’s leading provider of home service plans, is offering 30% off annual home service plans for new members from today through Monday, Nov.27, 2023.

Key Points: 
  • American Home Shield , a Frontdoor, Inc. (NASDAQ: FTDR) company and the nation’s leading provider of home service plans, is offering 30% off annual home service plans for new members from today through Monday, Nov.27, 2023.
  • “Black Friday always offers incredible savings and now is the perfect time to apply those savings to plans that protect your home,” said Kathy Collins, Frontdoor chief brand officer.
  • “The holiday seasons are meant for laughter and memories, not the stress of home systems and appliances breaking down.
  • For more information about how American Home Shield can help protect your budget from unplanned home expenses, please visit www.ahs.com , or for coverage details, including fees, limits, and limitations and exclusions, please visit www.ahs.com/contracts .

Stitch Fix Announces Appointment of Tony Bacos as Chief Product and Technology Officer

Retrieved on: 
Monday, November 6, 2023

SAN FRANCISCO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, announced that Tony Bacos is joining the company today as Chief Product and Technology Officer.

Key Points: 
  • SAN FRANCISCO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, announced that Tony Bacos is joining the company today as Chief Product and Technology Officer.
  • Bacos will report to CEO Matt Baer and lead the Company’s technology, product, data science, security, and IT teams.
  • In this role, Bacos will drive product innovation, engineering excellence and strategies to optimize the Stitch Fix client experience and grow the business.
  • I’m excited to lead the Product & Technology team and develop new ways to advance the shopping experience and grow the business,” said Bacos.

Frontdoor Showcased to Real Estate Community at T3 Technology Summit

Retrieved on: 
Thursday, November 2, 2023

Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans with about two million members, unveiled the Frontdoor® app to the real estate community at the T3 Technology Summit produced by T3 Sixty on October 23-25 in Fort Worth, Texas.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans with about two million members, unveiled the Frontdoor® app to the real estate community at the T3 Technology Summit produced by T3 Sixty on October 23-25 in Fort Worth, Texas.
  • “The app was launched to consumers in April, but the T3 Technology Summit was our first big unveiling to the real estate community,” said Jes Fields, Frontdoor’s Chief Sales Officer and the company’s point person to the real estate category.
  • “The Frontdoor app is an industry disrupter and a great tool for real estate agents, home buyers, and home sellers who need immediate access to licensed tradespeople,” Fields said.
  • We truly believe this kind of support will really help agents keep the home-selling process on track for their clients.”
    The T3 Technology Summit is specifically tailored for professionals in technology and marketing from the real estate category who want to see the leading solutions available.

Frontdoor Announces Third-Quarter 2023 Revenue Increased 8% to $524 Million

Retrieved on: 
Wednesday, November 1, 2023

Free Cash Flow(1) was $116 million for the nine months ended September 30, 2023.

Key Points: 
  • Free Cash Flow(1) was $116 million for the nine months ended September 30, 2023.
  • Cash as of September 30, 2023 was $320 million, and was comprised of $152 million of restricted net assets and $167 million of Unrestricted Cash.
  • Revenue of $350 million to $360 million;
    Adjusted EBITDA(2) of approximately $20 million to $30 million.
  • Increased Adjusted EBITDA(2) outlook to $320 million to $330 million.

Scout Wins the 2023 T3 Tech Summit Pitch Battle in Fort Worth, Texas

Retrieved on: 
Monday, November 6, 2023

LADERA RANCH, Calif., Nov. 6, 2023 /PRNewswire-PRWeb/ -- T3 Sixty, a leading residential real estate management consulting and research firm, named Scout the winner of the 2023 T3 Tech Summit Pitch Battle during its second annual Tech Summit in Fort Worth, Texas.

Key Points: 
  • AI-powered communication platform took home top honors; Level Up, LocalizeOS, Rayse named finalists
    LADERA RANCH, Calif., Nov. 6, 2023 /PRNewswire-PRWeb/ -- T3 Sixty , a leading residential real estate management consulting and research firm, named Scout the winner of the 2023 T3 Tech Summit Pitch Battle during its second annual Tech Summit in Fort Worth, Texas.
  • "This year's pitch battle was an amazing showcase of some of the hottest and newest technology in residential real estate," said T3 Sixty Executive Vice President of Technology Travis Saxton.
  • In the first round of the pitch battle, companies were categorized by their place in the consumer experience, allowing competitors to pitch against like-minded offerings.
  • "This year's pitch battle was an amazing showcase of some of the hottest and newest technology in residential real estate.