Honeywell International Inc. (NASDAQ:HON) announced a new AI-powered retail solution on Sunday, developed in collaboration with Alphabet Inc.’s (NASDAQ:GOOG) Google Cloud and 66degrees, utilizing Google Gemini and Vertex AI to enhance in-store shopping.
Details
The Smart Shopping Platform is a cloud-based solution that links retailers’ digital data with the physical store, creating a connected in-store experience.
The platform helps customers quickly find products, compare alternatives, and identify suitable substitutes when items are out of stock, improving efficiency and the overall shopping experience.
Built on Honeywell’s Mobility Edge platform and powered by Google Cloud AI, it delivers personalized assistance, real-time product details, and dynamic recommendations that replicate the ease of online shopping.
Management Commentary
David Barker, president, Honeywell Productivity Solutions and Services, said, “The Smart Shopping Platform addresses these pain points, creating a better experience for shoppers. Retailers also benefit from an ’out of the box’ AI solution they can implement without having to maintain a team of AI experts.”
Jose Gomes, vice president, Retail and Consumer Packaged Goods, Google Cloud added, “This collaboration integrates AI with specialized hardware to streamline operations inside the retail store and guide consumers through an efficient and delightful shopping journey. It’s a win-win that helps retailers increase basket size while building deeper customer loyalty.”
Outlook Revision
In December, the company disclosed segment restructuring and a litigation expense. For the fourth quarter, the company now sees adjusted EPS of $2.48–$2.58 (down from $2.52–$2.62) versus the $2.57 consensus, and revenue of $9.8–$10.0 billion (down from $10.1–$10.3 billion) versus the $10.197 billion estimate.
Also, Honeywell trimmed its fiscal 2025 guidance and now projects adjusted EPS of $9.70–$9.80 (down from $10.60–$10.70) versus the $10.65 consensus, and revenue of $37.5–$37.7 billion (down from $40.7–$40.9 billion) versus the $40.804 billion estimate.
Honeywell plans to release fourth-quarter financial results and 2026 outlook on January 29.
HON Price Action: Honeywell Intl shares were up 0.01% at $207.41 during premarket trading on Monday, according to Benzinga Pro data.
Photo via Shutterstock
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