Hi Coot! Welcome back for the annual November PI price plunge!
Other than the guide not indicating lots of immediate growth causing this pullback, I thought the call was very positive.
- Food segment outlook: Fresh food will be a strong positive driver and is expected to have material impacts in the second half of 2026.
- Grocery pilots: As you noted, PI is actively involved in all the grocery pilots. Chris emphasized that full-store RFID labeling is still being developed and piloted—essentially, as you said, “their business to lose.” Also refreshed everyone's memory that while Kroger signed a bakery deal with AD, he said a couple quarters ago they were working with another large grocer on checkout and labeling everything.
- E-commerce and 3PL discussion: The conversation around e-commerce, 3PL, and logistics was particularly interesting—especially when thinking about UPS and Walmart, and also Amazon. The new board member brings 16 years of experience leading global supply chain and logistics at Amazon, which later sued him over a noncompete when he joined Target for a bit—adding another twist.
- Growth and investment: Chris continues to make it clear there are multiple opportunities to grow across verticals. Impinj is actively investing to develop solutions for food and beyond, underscoring its readiness to deliver for enterprises.
The wild ride continues, hopefully the macro calms and we see growth powered by all verticals in the near future.
Cheers everyone! |
