Core Insights - True Classic has renewed its partnership with Global-e, reflecting strong international e-commerce growth and success in over 200 markets [1][2][3] Company Overview - True Classic, founded in 2019, has rapidly grown to become one of the fastest-growing apparel brands in the U.S., serving over 5 million customers globally [3][8] - The brand's international sales now account for over 25% of its total e-commerce revenue, with key markets including Canada, UAE, UK, Australia, Switzerland, Norway, and Sweden [2][3] Partnership Impact - Global-e has played a crucial role in True Classic's global expansion by providing localized online shopping experiences, including local currencies and preferred payment methods [4] - The partnership has enabled True Classic to optimize inventory and reduce shipping costs through a multi-node logistics network, enhancing customer experience and profitability [4] Strategic Growth Initiatives - True Classic is experiencing accelerated growth due to a recent strategic investment from 1686 Partners, which is facilitating expansion in both retail and wholesale channels [5] - The brand is increasing its U.S. presence with new retail stores and gaining traction in wholesale placements with major retailers like Sam's Club, Target, Nordstrom, and Costco [5] Product Expansion - True Classic is expanding its product categories to include women and kids' apparel, aiming to meet the needs of a broader customer base while maintaining its commitment to premium quality and exceptional value [9]

Core Viewpoint - Global-e Online has demonstrated strong revenue growth and profitability, yet its stock has declined due to market concerns over new tariffs and the end of the U.S. de minimis customs exemption [1][2]. Group 1: Financial Performance - Global-e Online reported a revenue growth of 28%, surpassing analysts' expectations, and achieved profitability for the second time in three quarters [1]. - The company has raised its full-year guidance to a projected 31% sales growth [1]. - Over the past three quarters, revenue growth rates were 42%, 30%, and 28%, indicating consistent performance despite stock sell-offs [3]. Group 2: Market Concerns - The stock has dropped 7% due to worries about the impact of new tariffs and the expiration of the U.S. de minimis customs exemption on operations [2][4]. - The market's negative outlook is attributed to the complexities introduced in cross-border trade by these regulatory changes [4]. Group 3: Strategic Initiatives - Global-e has introduced a new 3B2C solution aimed at helping global brands mitigate costs associated with tariffs, showcasing the company's adaptability in uncertain environments [6]. - The company’s ability to create solutions for cross-border trade challenges may provide long-term benefits despite short-term pressures from tariffs [6]. Group 4: Valuation - Currently, Global-e is trading at 35 times free cash flow, suggesting it is a strong business with a reasonable valuation [7].

Financial Data and Key Metrics Changes - The company reported a GMV of $1,450,000,000, representing a 34% year-over-year increase, and revenues of almost $215,000,000, up 28% year-over-year [10][23] - Adjusted gross profit for Q2 was just shy of $100,000,000, up 24% from last year, with adjusted EBITDA of $38,500,000, up 23% compared to the same quarter last year, resulting in a 17.9% margin [10][26] - The company achieved GAAP profitability with a net profit of $10,500,000 compared to a net loss of $22,400,000 in the same quarter of last year [10][27] Business Line Data and Key Metrics Changes - Service fee revenue for the quarter was $102,900,000, while fulfillment services revenue was $112,000,000 [23] - The service fee take rate increased compared to Q1 2025, while the fulfillment take rate decreased as expected due to seasonal higher average order value [24] Market Data and Key Metrics Changes - The company continues to see strong growth across many geographies and cohorts of merchants, with notable expansions in the U.S. market [12][78] - The U.S. business has outperformed, driven by strong growth from digitally native brands [78] Company Strategy and Development Direction - The company extended its partnership with DHL for an additional three years, enhancing service offerings for merchants [14] - The acquisition of ReturnGo aims to improve post-purchase solutions for merchants, integrating advanced technology for returns and exchanges [15][49] - The company is focused on enhancing its 3B2C offering to help brands offset costs due to rising tariffs [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model despite uncertainties around duty tariffs and trade dynamics [9][11] - The company anticipates continued strong trading patterns and does not expect significant impacts from upcoming changes to the U.S. de minimis exemption [11][36] Other Important Information - The company ended the quarter with $516,000,000 in cash and cash equivalents, with free cash flow of $63,500,000 [27] - For Q3 2025, the company expects GMV in the range of $1,455,000,000 to $1,495,000,000, representing a growth rate of 30% versus 2024 [28] Q&A Session Summary Question: Expectations around the de minimis exemption and its impact - Management indicated that they do not expect a significant impact from the removal of the de minimis exemption, noting resilient trading patterns [33][36] Question: Impact of the ReturnGo acquisition on revenue and OpEx - The acquisition is expected to have a slight positive impact on revenue and a minor negative impact on adjusted EBITDA in 2025, with expectations of neutral impact by 2026 [38] Question: Take rate dynamics for the 3B2C product - The take rate for the 3B2C solution is expected to be similar to regular B2C transactions, with minimal impact from clearance fees [45] Question: Growth in the U.S. business and its drivers - The U.S. business is outperforming due to strong growth from digitally native brands, contributing positively to overall performance [78] Question: Contribution from borderfree.com - The borderfree.com platform contributed over 4% of sales from merchants utilizing the service, in line with expectations [87] Question: Trends in NDR and same-store merchant GMV growth - Year-to-date figures are in line with historical averages, with expectations for new merchant contributions to be similar to last year [89]

Financial Data and Key Metrics Changes - The company reported a GMV of $1,450,000,000, representing a 34% year-over-year increase [9] - Revenue reached almost $215,000,000, up 28% year-over-year [9] - Adjusted gross profit for Q2 was just shy of $100,000,000, a 24% increase from last year [9] - Adjusted EBITDA was $38,500,000, up 23% compared to the same quarter last year, resulting in a 17.9% margin [9][26] - The company achieved GAAP profitability with a net profit of $10,500,000 compared to a net loss of $22,400,000 in the same quarter last year [9][27] - Cash and cash equivalents at the end of the quarter were $516,000,000, with free cash flow of $63,500,000 [27] Business Line Data and Key Metrics Changes - Service fee revenue for the quarter was $102,900,000, while fulfillment services revenue was $112,000,000 [23] - The service fee take rate increased compared to Q1 2025, while the fulfillment take rate decreased as expected [23] - Non-GAAP gross profit was $99,900,000, representing a gross margin of 46.5% [24] Market Data and Key Metrics Changes - The company continues to see strong growth across many geographies and cohorts of merchants, with a positive trend in trading patterns continuing into Q3 [10][11] - The U.S. market showed strong growth, outperforming other developed markets, driven by digitally native brands [78] Company Strategy and Development Direction - The company extended its partnership with DHL for an additional three years, enhancing service to merchants [14] - The acquisition of ReturnGo aims to improve post-purchase solutions for merchants [14][29] - The company is focused on enhancing its 3B2C offering to help brands offset costs due to rising tariffs [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model despite uncertainties around duty tariffs [7][10] - The company anticipates continued strong trading volumes and does not expect significant impacts from upcoming tariff changes [10][36] - The outlook for Q3 includes GMV expectations in the range of $1,455,000,000 to $1,495,000,000, representing a growth rate of 30% versus 2024 [28] Other Important Information - The company is on track for its first full year of GAAP profitability in 2025 [10][27] - The integration of ReturnGo's technology is expected to enhance the return experience for customers [15] Q&A Session Summary Question: Impact of de minimis exemption changes - Management indicated that they do not expect a significant impact from the removal of the de minimis exemption, citing resilient trading patterns [34][36] Question: Acquisition impact on revenue and OpEx - The acquisition of ReturnGo is expected to have a slight positive impact on revenue and a negative impact on adjusted EBITDA in 2025, with expectations of neutral impact by 2026 [39] Question: 3B2C product uptake and take rates - The 3B2C solution has seen growing interest, with take rates expected to remain stable as they are similar to regular B2C transactions [45][46] Question: U.S. business growth dynamics - The U.S. business is outperforming due to strong growth from digitally native brands, contributing to overall growth [78] Question: BorderFree contribution to revenue - The BorderFree platform contributed over 4% of sales from merchants utilizing the service, with expectations for further growth [87] Question: International market opportunities - The company sees significant potential in APAC, particularly in Korea and Taiwan, with plans for increased sales and account management resources in the region [109]

PETAH-TIKVA, Israel, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the platform powering global direct-to-consumer e-commerce, today reported financial results for the second quarter of 2025. "We had another strong quarter, meeting or exceeding all of our guidance ranges, on-boarding many new and exciting merchants, and achieving an important milestone of sustainable GAAP profitability," said Amir Schlachet, Founder and CEO of Global-e. "Interest in our global e-commerce solutions is ...

PETAH-TIKVA, Israel, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the platform powering global direct-to-consumer e-commerce, today reported financial results for the second quarter of 2025. GMV1 in the second quarter of 2025 was $1,454 million, an increase of 34% year over year Recent Business Highlights Q3 2025 and Full Year Outlook Global-e is introducing third quarter guidance and is raising the full year guidance as follows: | | Q3 2025 | FY 2025 | Previous FY 2025 | | --- | -- ...

Core Viewpoint - Global-e Online's stock has declined by 50% from its highs due to short-term tariff challenges, presenting a potential buying opportunity for long-term investors as the company is trading near its lowest-ever valuation [2][15][18] Company Overview - Global-e Online provides an end-to-end platform that simplifies international sales for merchants, addressing the complexities of cross-border e-commerce [4][5] - The company has grown its revenue sevenfold since 2020, yet holds less than 1% market share of the $1.1 trillion cross-border e-commerce industry, indicating significant growth potential [5][6] Growth Opportunities - **Adding New Merchants**: In 2020, Global-e added merchants generating $287 million in gross merchandise volume (GMV), which quadrupled by 2024, now exceeding 1,400 merchants [7][8] - **Growing Alongside Customers**: The annual GMV per active merchant cohort has increased four times since 2019, with merchants growing their GMV four to five times faster than the overall e-commerce industry [9][10] - **Geographic and B2B Expansion**: Global-e is expanding its operations to new countries and has expertise in the B2B sector, which is projected to be worth $20 trillion by 2024 [11][12] - **Partnership with Shopify**: The collaboration with Shopify has allowed Global-e to process transactions for over 10,000 merchants in more than 175 countries, enhancing its market presence [13][14] Financial Outlook - Despite current tariff-related uncertainties, Global-e expects to grow sales by 24% in its upcoming earnings report, with management projecting free cash flow margins to increase from 22% to between 26% and 28% in the long term [19][20]

Group 1 - The upcoming report from Global-e Online Ltd. (GLBE) is expected to show quarterly earnings of $0.02 per share, reflecting a 115.4% increase year over year [1] - Analysts forecast revenues of $207.47 million for the quarter, indicating a year-over-year increase of 23.5% [1] - There has been no revision in the consensus EPS estimate for the quarter over the past 30 days, suggesting stability in analysts' projections [1] Group 2 - Analysts project 'Revenue by Category - Fulfillment services' to reach $112.79 million, representing a year-over-year change of +31.5% [4] - The estimate for 'Revenue by Category - Service fees' is expected to be $94.68 million, indicating a year-over-year change of +15.1% [4] - Gross Merchandise Value is forecasted to reach $1.40 billion, up from $1.08 billion reported in the same quarter of the previous year [5] Group 3 - Globale Online shares have increased by 5.2% in the past month, outperforming the Zacks S&P 500 composite, which moved up by 1.9% [5] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [5]

Global-e (Nasdaq: GLBE) is the world's leading platform enabling and accelerating global, Direct-To- Consumer e-commerce. The chosen partner of over 1,400 brands and retailers across North America, EMEA and APAC, Global-e makes selling internationally as simple as selling domestically. The company enables merchants to increase the conversion of international traffic into sales by offering online shoppers in over 200 destinations worldwide a seamless, localized shopping experience. Global-e's end-to-end e-co ...

Core Viewpoint - The current tariff program under the Trump administration creates uncertainty for investors, particularly as inflation rises and a potential recession looms, impacting companies reliant on consumer spending [1]. Retail Industry Overview - The SPDR S&P Retail ETF (XRT) has partially recovered from the initial tariff shock but remains down over 1% year-to-date [2]. - Some retailers are struggling, while others may thrive due to unique business models [3]. Company-Specific Insights TJX Companies - TJX Companies, known for discount retailers like T.J. Maxx, has a 12-month stock price forecast of $141.06, indicating a 15.45% upside potential [4]. - The company has outperformed the XRT slightly and maintains brick-and-mortar strength through a unique model focusing on discounted finds [4][5]. - TJX reported over 5% year-over-year revenue growth and offers a dividend yield of 1.41%, with management recently increasing the dividend payout [5]. - Analysts are bullish on TJX, with 19 out of 20 rating it as a Buy, predicting a stock rise of over 17% [6]. Global-e Online - Global-e Online has a 12-month stock price forecast of $48.08, suggesting a 43.73% upside potential [7]. - The company facilitates international retail transactions for high-end brands and has seen a quarterly revenue growth of 30% year-over-year [9]. - Analysts are optimistic, with 12 out of 13 rating Global-e shares as a Buy, indicating a consensus price target of $48 per share [10]. Boot Barn - Boot Barn has a 12-month stock price forecast of $173.67, indicating a 1.68% upside potential [11]. - The company reported a 5% year-over-year same-store sales growth and plans to increase its store count by 14% [11]. - Despite tariff uncertainties, Boot Barn projects a 13% growth in total net sales and has seen its stock rise nearly 9% year-to-date [12]. - Analysts remain positive, with a consensus price target close to $174, suggesting over 5% upside potential [13].