Financial Performance - Consolidated Net Sales for Q1 2025 were $1,424 million, an increase of $40 million or 2.9% compared to Q1 2024[86] - Operating Income for Q1 2025 was $209 million, up $22 million or 11.7% from Q1 2024, with an Operating Income rate of 14.7%[86] - Gross Profit increased by $40 million to $646 million, with a Gross Profit rate of 45.4%, up from 43.8% in Q1 2024[96] - In the first quarter of 2025, the company reported net sales of $1,355 million, with a gross profit of $602 million and a net income of $91 million[135] Expenses and Capital Expenditures - Total General, Administrative and Store Operating Expenses rose by $18 million to $437 million, with a rate of 30.7% of Net Sales[98] - Capital expenditures for Q1 2025 were $39 million, primarily for new off-mall stores and technology projects[109] - The company plans capital expenditures of approximately $250 million to $270 million for 2025, focusing on real estate and technology[111] Cash Flow and Share Repurchase - Net cash provided by operating activities in Q1 2025 was $188 million, compared to $76 million in Q1 2024[106] - The company repurchased 4.326 million shares for $135 million during Q1 2025[104] - The company repurchased a total of 4,326 thousand shares in 2025, with an average stock price of $30.47, and repurchased shares worth $135 million[115] - The company had remaining authority of $382 million under the January 2025 share repurchase program as of May 3, 2025[116] Debt and Credit Facilities - As of May 3, 2025, the total long-term debt stood at $3,886 million, a slight decrease from $4,282 million in May 2024[118] - The company had an available borrowing base of $639 million under its Asset-backed Revolving Credit Facility, with no borrowings outstanding as of May 3, 2025[123] - The company had $11 million of outstanding letters of credit as of May 3, 2025, reducing its availability under the ABL Facility to $628 million[124] - The principal value of outstanding long-term debt is $3,916 million, with an estimated fair value of $3,957 million[149] Tax and Effective Tax Rate - The effective tax rate for Q1 2025 was 28.4%, compared to 26.8% in Q1 2024[102] Risk Management - The company utilizes foreign currency forward contracts to partially offset exchange rate risks associated with Canadian dollar-denominated earnings[144] - Royalties from international partners are exposed to foreign currency exchange rate fluctuations, as they are calculated based on local currency sales[145] - The company monitors credit risk by limiting exposure to any single financial institution and reviewing the credit standing of franchise and wholesale partners[148] - The carrying values of accounts receivable, accounts payable, and accrued expenses approximate their fair values due to short maturities as of May 3, 2025[150] Investment Activities - The company maintains a diversified investment portfolio primarily composed of U.S. government obligations, U.S. Treasury, AAA-rated money market funds, commercial paper, and bank deposits[146][148] - The primary objectives of the investment activities are the preservation of principal, maintenance of liquidity, and maximization of interest income while minimizing risk[146] - The company does not believe there is any material risk to principal associated with interest rate changes due to the short-term nature of its investments[146] - Interest rate swap arrangements may be utilized to adjust exposure to interest rate risk as needed[147] - All outstanding long-term debt as of May 3, 2025, has fixed interest rates, limiting exposure to interest rate risk[147] Credit Ratings - The company's credit ratings as of May 3, 2025, were Ba2 from Moody's and BB+ from S&P for corporate ratings, with a stable outlook[128] Fixed Charge Coverage Ratio - The company maintained a fixed charge coverage ratio requirement of not less than 1.00 to 1.00 during an event of default, but was not required to maintain this ratio as of May 3, 2025[126]

Financial Performance - Revenue for Fiscal Year 2025 reached $2.9 billion, an increase of 7% year-over-year[2] - Operating income for Fiscal Year 2025 was $232.8 million, up 5% year-over-year[2] - Net income for the fiscal year ended March 31, 2025, was $113,269,000, a decrease of 14.9% from $132,971,000 in 2024[33] - Adjusted operating income for Q1 2025 was $42,760,000, down from $72,952,000 in Q1 2024, while fiscal year 2025 adjusted operating income increased to $243,370,000 from $230,286,000 in fiscal year 2024[21] - Net income attributable to Universal Corporation for Q1 2025 was $9,338,000, a decrease from $40,318,000 in Q1 2024, with fiscal year 2025 net income at $95,047,000 compared to $119,598,000 in fiscal year 2024[27] - Basic earnings per share for the fiscal year ended March 31, 2025, was $3.81, down from $4.81 in 2024, a decrease of 20.8%[36] - Diluted earnings per share for Q1 2025 were $0.37, down from $1.61 in Q1 2024, while adjusted diluted earnings per share were $0.80 compared to $1.79 in Q1 2024[21] Segment Performance - Tobacco Operations segment sales decreased by 12% to $612.6 million in Q4 2025, while operating income fell by 38% to $45.8 million[9] - Ingredients Operations segment sales increased by 20% to $89.7 million in Q4 2025, with operating income rising significantly to $4.4 million[9] - Sales and other operating revenues for the Tobacco Operations segment were $612,624,000 for the three months ended March 31, 2025, compared to $696,281,000 in the same period of 2024, a decline of 12.0%[42] - The Ingredients Operations segment generated $89,655,000 in sales for the three months ended March 31, 2025, compared to $74,579,000 in 2024, an increase of 20.2%[42] - Sales and other operating revenues for the fiscal year ended March 31, 2025, were $2,608,675,000 for Tobacco operations and $338,609,000 for Ingredients operations, compared to $2,438,775,000 and $309,798,000 respectively for the fiscal year ended March 31, 2024, indicating an increase of 6.98% in Tobacco and 9.33% in Ingredients[43] Debt and Cash Flow - Cash balance at fiscal year-end was $260.1 million, with total debt increasing by $38.4 million[13] - Total debt as of March 31, 2025, was $1,072,957,000, an increase from $1,034,581,000 as of March 31, 2024[22] - Net debt decreased to $816,605,000 in 2025 from $996,167,000 in 2024, resulting in a net debt to net capitalization ratio of 36% compared to 41% in the previous year[22] - Cash provided by operating activities was $326,974,000 for the fiscal year ended March 31, 2025, compared to a cash used of $74,632,000 in 2024[33] Restructuring and Costs - Restructuring and impairment costs amounted to $10.6 million related to the consolidation of European sheet operations[13] - The company incurred restructuring and impairment costs of $10,573,000 in 2025, compared to $3,523,000 in 2024, indicating increased restructuring efforts[33] - Corporate overhead allocated to segments for the fiscal year ended March 31, 2025, was $65,195,000 for Tobacco operations, compared to $61,655,000 in the previous year, reflecting an increase of 5.51%[43] Future Outlook and Strategy - The company expects to leverage its extensive supply chain expertise and global reach to drive efficiency and deliver value to customers in the future[24] - The company is focused on strategic investments and acquisitions to enhance its market position and integrate new businesses[25] - The company anticipates potential risks including reliance on a few large customers and shifts in customer requirements for leaf tobacco, which could impact future performance[25] - The company is focusing on enhancing operational efficiency and exploring new market opportunities to drive future growth[43] Crop Expectations - Flue-cured and burley tobacco crops outside of China are expected to increase by 20% and 30%, respectively, in Fiscal Year 2026[13]

Cash and Liquidity - As of April 27, 2025, the company's foreign subsidiaries held $136.1 million in cash and cash equivalents, a decrease from $139.1 million at January 26, 2025[181]. - The company expects future non-operating cash uses to be for capital expenditures and debt repayment, funded through cash flows from operating activities[183]. - On April 24, 2025, the company increased its total available borrowing capacity under the revolving credit facility by $117.5 million, raising the total facility size to $455.0 million[185]. - As of April 27, 2025, the company had $171.2 million outstanding under the Term Loans and no revolving loans outstanding, with available undrawn borrowing capacity of $452.1 million[187]. - The company issued $250.0 million in aggregate principal amount of 2028 Notes on October 26, 2023, bearing interest at 4.00% per year, maturing on November 1, 2028[194]. - As of April 27, 2025, approximately $62.0 million of the 2028 Notes remained outstanding, with one condition for conversion met[195]. - The company is in compliance with the financial covenants in its Credit Agreement as of April 27, 2025[190]. - There have been no material changes to cash requirements from those disclosed in the Annual Report for the fiscal year ended January 26, 2025[203]. Operating Performance - In the first three months of fiscal year 2026, net cash provided by operating activities was $27,824 thousand, a significant increase compared to a net cash used of $89 thousand in the same period of fiscal year 2025[204]. - Operating cash flows were positively impacted by a 21.8% increase in net sales, lower interest payments, and reduced restructuring payments, while negatively impacted by increased annual bonus payments and higher inventory spending[206]. - Capital expenditures for the first three months of fiscal year 2026 were $1.7 million, up from $1.3 million in the same period of fiscal year 2025, reflecting investments in production capabilities[208]. - The company sold investments for proceeds of $0.5 million in the first three months of fiscal year 2026, compared to $2.7 million in the same period of fiscal year 2025[208]. - In the first three months of fiscal year 2026, the company made a prepayment of $10.0 million on its Term Loans, with no such prepayments made in the same period of fiscal year 2025[211]. - Employee share-based compensation payroll taxes paid in the first three months of fiscal year 2026 amounted to $8.9 million, compared to $2.4 million in the same period of fiscal year 2025[212]. Strategic Initiatives - The company is conducting a portfolio rationalization review to identify non-core assets and align its portfolio with its strategic vision[199]. - The stock repurchase program was expanded by an additional $350.0 million on March 11, 2021, allowing the company to repurchase its common stock at any time[200]. - The remaining authorization for share repurchase under the program as of April 27, 2025, was $209.4 million[201]. - Working capital fluctuates based on end-market demand and management of receivables, inventory, and payables, with potential acquisitions also impacting requirements[202]. - The company plans to finance significant expenditures for new product development through cash generated by operating activities and existing cash balances[198].

Financial Performance - Revenue for Q1 FY 2026 was $85.9 million, up 57.6% from $54.5 million in the same period of FY 2025[5] - Non-GAAP net profit for Q1 FY 2026 was $3.0 million, or earnings per diluted share of $0.07, compared to a non-GAAP net loss of $10.5 million, or loss per diluted share of $0.26 in the same period of FY 2025[5] - Gross margin on a GAAP basis for Q1 FY 2026 was 60.0%, compared to 60.9% for the same period in FY 2025[5] - The company is increasing its FY 2026 revenue growth guidance to a range of 19% to 25%, approximately $348 million at the mid-point[6] - Revenue guidance for Q2 FY 2026 is expected to be between $86.0 million and $94.0 million[5] - Non-GAAP gross margin for Q2 FY 2026 is expected to be between 60.5% and 62.0%[5] Cash and Assets - Total cash, cash equivalents, and marketable debt securities at the end of Q1 FY 2026 was $259.4 million, up from $250.3 million at the end of the prior quarter[4] - Total assets increased to $701,918 million from $688,968 million, reflecting a growth of approximately 1.38%[22] - Current assets rose to $335,549 million, up from $320,551 million, indicating an increase of about 4.1%[22] - Cash and cash equivalents decreased slightly to $141,285 million from $144,622 million, a decline of approximately 2.4%[22] Liabilities and Equity - Accounts payable surged to $35,290 million, up from $21,775 million, representing an increase of about 62.2%[22] - Total liabilities increased to $129,202 million from $127,556 million, a growth of approximately 1.3%[22] - Shareholders' equity rose to $572,716 million from $561,412 million, reflecting an increase of about 2.3%[22] - Accumulated deficit widened to $(276,385) million from $(252,057) million, indicating a deterioration in financial position[22] - Additional paid-in capital increased to $848,756 million from $813,683 million, showing a growth of approximately 4.3%[22] Expenses and Investments - Research and development expenses for Q1 FY 2026 were $58.8 million, compared to $54.1 million in the same period of FY 2025[18] - The company repurchased 24,152 shares for approximately $1.0 million in Q1 FY 2026, with $48.0 million remaining for repurchase[7] Innovation and Development - Ambarella continues to innovate with the development of a new SoC to extend its reach into the edge AI infrastructure market[6] Inventory and Lease Liabilities - Inventories increased to $39,289 million from $34,428 million, reflecting a rise of about 14.3%[22] - Operating lease liabilities, current decreased to $2,335 million from $2,829 million, a decline of approximately 17.5%[22]

Exhibit 99.1 Gap Inc. Reports First Quarter Fiscal 2025 Results Net sales increased 2% versus last year with comparable sales up 2% 9th consecutive quarter of market share gains • Net sales of $3.5 billion were up 2% compared to last year. Comparable sales were up 2% year-over-year. • Store sales were flat compared to last year. The company ended the quarter with about 3,500 store locations in over 35 countries, of which 2,496 were company operated. • Online sales increased 6% compared to last year and repr ...

Exhibit 99.1 Gap Inc. Reports First Quarter Fiscal 2025 Results Net sales increased 2% versus last year with comparable sales up 2% 9th consecutive quarter of market share gains Operating margin of 7.5% improved 140 basis points versus last year Cash, cash equivalents and short-term investments of $2.2 billion up 28% versus last year SAN FRANCISCO – May 29, 2025 – Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. with a portfolio of brands including Old Navy, Gap, Banana Republic, and ...

Financial Performance - Revenue for Q1 fiscal 2026 was $357 million, representing a 6% increase year-over-year[5] - Annualized Renewal Run-rate (ARR) reached $1.693 billion, up 12% year-over-year, with net new ARR of $27 million[5][2] - Total revenue for the three months ended April 30, 2025, was $356.624 million, a 6.4% increase from $335.112 million in the same period of 2024[25] - Subscription services revenue increased to $217.303 million, up 17.4% from $185.131 million year-over-year[25] - Net loss for the quarter was $(22.555) million, or $(0.04) per share, compared to a net loss of $(28.736) million, or $(0.05) per share, in the prior year[25] - GAAP net loss for the three months ended April 30, 2025, was $22,555,000, an improvement from a loss of $28,736,000 in the same period of 2024[37] - Non-GAAP net income for the same period was $60,174,000, compared to $73,218,000 in 2024, reflecting a decrease of approximately 17.8%[37] Cash Flow and Margins - Non-GAAP adjusted free cash flow was $117 million, while cash flow from operations was $119 million[5] - GAAP gross margin stood at 82%, and non-GAAP gross margin was 84%[5] - Non-GAAP operating income for the quarter was $69.616 million, with a non-GAAP operating margin of 20%, up from 15% in the previous year[34] - GAAP net cash provided by operating activities increased to $119,002,000 in Q1 2025 from $100,037,000 in Q1 2024, representing a growth of 18.9%[40] - Non-GAAP adjusted free cash flow for the three months ended April 30, 2025, was $117,067,000, up from $101,277,000 in 2024, indicating an increase of 15.6%[40] Stock and Shareholder Actions - The company repurchased $227.525 million of Class A common stock during the quarter[29] - The weighted average common shares outstanding, basic and diluted, decreased to 548,451 in Q1 2025 from 569,925 in Q1 2024[37] - Stock-based compensation expense decreased to $76,361,000 in Q1 2025 from $88,727,000 in Q1 2024, a reduction of approximately 13.9%[37] - The company reported a charitable donation of Class A common stock valued at $4,187,000 in Q1 2025, down from $6,564,000 in Q1 2024[37] Future Projections - For Q2 fiscal 2026, revenue is expected to be in the range of $345 million to $350 million, with ARR projected between $1.715 billion and $1.720 billion[6] Product Development and Partnerships - The company launched its next-generation UiPath Platform for agentic automation, enhancing its product offerings[8] - UiPath Test Cloud was introduced to improve software testing efficiency using advanced AI[8] - The company announced a partnership with Google Cloud to develop a generative AI-based Medical Record Summarization agent[9] Market Recognition - UiPath achieved a dollar-based net retention rate of 108%[5] - The company was recognized as a Leader in the IDC MarketScape for Worldwide Business Automation Platforms 2025[8] Assets and Liabilities - Cash and cash equivalents decreased to $700.641 million from $879.196 million at the beginning of the year[27] - Total current assets decreased to $2.110 billion from $2.339 billion at the end of January 2025[27] - Total liabilities decreased to $945.981 million from $1.020 billion at the end of January 2025[27] Operating Loss - Operating loss improved to $(16.412) million compared to $(49.465) million in the same quarter of 2024[34] Restructuring Costs - The company incurred restructuring costs of $3,011,000 in Q1 2025, while there were no such costs reported in Q1 2024[37]

Revenue Growth - For the nine months ended April 30, 2025, revenue was $1,953.9 million, a 24% increase from $1,574.9 million in the same period of 2024[119] - Revenue for the three months ended April 30, 2025, was $678,034,000, up from $553,201,000 in the same period of 2024, marking a growth of 22.6%[143] - Revenue increased by $378.986 million, or 24%, for the nine months ended April 30, 2025, compared to the same period in 2024, driven by a 10% increase in the customer base and additional subscriptions contributing $294.8 million[179] Customer Base Expansion - As of July 31, 2024, the company had over 8,650 customers, up from over 7,700 customers in 2023, representing a growth of approximately 12.3%[122] - The company is focused on expanding its customer base, particularly among the Forbes Global 2000, where it currently serves approximately 35%[122] - The company increased its customer base by 10% from April 30, 2024, to April 30, 2025, contributing to revenue growth[163] Financial Performance - GAAP gross profit for the nine months ended April 30, 2025, was $1,507.951 million, compared to $1,227.979 million for the same period in 2024, reflecting a growth of 22.8%[136] - The company incurred a net loss of $23.9 million for the nine months ended April 30, 2025, an improvement from a net loss of $42.8 million in the same period of 2024[119] - Net loss for the three months ended April 30, 2025, was $(4.1) million compared to a net income of $19.1 million for the same period in 2024[161] Cash Flow and Liquidity - Free cash flow for the period is calculated as net cash provided by operating activities less capital expenditures, indicating liquidity for strategic initiatives[139] - Net cash provided by operating activities for the nine months ended April 30, 2025, was $721.8 million, compared to $576.3 million for the same period in 2024, reflecting an increase of 25.2%[201][203] - As of April 30, 2025, the company had cash, cash equivalents, and short-term investments totaling $3,005.6 million, available for working capital and general corporate purposes[194] Operating Expenses - Operating expenses are expected to increase in absolute dollars as the company invests in sales and marketing, research and development, and general and administrative functions[153][154][155] - Sales and marketing expenses rose by $52.2 million or 20% to $314.6 million for the three months ended April 30, 2025, driven by higher employee-related costs[166] - Research and development expenses increased by $134.201 million, or 37%, for the nine months ended April 30, 2025, primarily due to higher employee-related expenses and costs associated with facility and software[184] Deferred Revenue - Total deferred revenue at the end of the period for April 30, 2025, was $1,984,985,000, compared to $1,577,014,000 at the end of the same period in 2024[143] - As of April 30, 2025, the company had deferred revenue of $1,985.0 million, with $1,677.9 million expected to be recognized as revenue in the next 12 months[199] - The company strategically entered into multi-year advance billing agreements, significantly contributing to its deferred revenue[199] Market Risks - The company’s investments are exposed to market risk, with a hypothetical 100 basis point change in interest rates potentially affecting the fair value of investments by $9.6 million[212] - The company has a foreign currency risk management program, utilizing forward contracts to hedge forecasted foreign currency-denominated expenses[218] Future Outlook - The company expects to continue incurring net losses in the foreseeable future due to ongoing investments in sales, marketing, and research and development[119] - The company anticipates that gross profit will increase in absolute dollars and gross margin will slightly improve over the long term[150] - The company expects calculated billings growth rate to trend down over time due to seasonality and the mix of billings[142]

Revenue Growth - First quarter revenue increased 8% year over year to $120 million[1] - Annual Recurring Revenue (ARR) grew 7% year over year to $496 million[1] - For the second quarter of fiscal 2026, PagerDuty expects total revenue of $122.5 million to $124.5 million, representing a growth rate of 6% to 7% year over year[13] - Revenue for the same period was $119,805 thousand, compared to $111,172 thousand in 2024, reflecting a growth of 7.3%[46] Customer Metrics - Customers with ARR over $100 thousand grew 5% to 848 as of April 30, 2025[8] - Dollar-based net retention rate was 104% as of April 30, 2025, compared to 106% a year earlier[8] - Total paid customers increased to 15,247 as of April 30, 2025, up from 15,120 a year earlier[8] Financial Performance - Non-GAAP operating income was $24 million, with a non-GAAP operating margin of 20.3%[5] - Non-GAAP operating income increased to $24,359 thousand in 2025 from $15,329 thousand in 2024, marking a significant rise of 59.5%[48] - Non-GAAP operating margin improved to 20.3% in 2025, up from 13.8% in 2024[48] - Non-GAAP net income attributable to common stockholders was $22,679 thousand in 2025, compared to $16,005 thousand in 2024, representing an increase of 41.6%[48] - The company reported a non-GAAP net income per share, basic, of $0.25 in 2025, up from $0.17 in 2024[48] Cash Flow and Assets - Net cash provided by operating activities was $30,670 thousand for the three months ended April 30, 2025, compared to $28,647 thousand for the same period in 2024, indicating a year-over-year increase of 7.07%[24] - Free cash flow for the period was positive, indicating the company's ability to generate cash in excess of capital investments, enhancing liquidity[42] - Free cash flow for the three months ended April 30, 2025, was $28,986 thousand, compared to $27,098 thousand in 2024, indicating a growth of 7.0%[50] - Total current assets increased to $713,291 thousand as of April 30, 2025, compared to $711,720 thousand on January 31, 2025, reflecting a growth of 0.22%[22] Liabilities and Equity - Total liabilities decreased to $763,806 thousand as of April 30, 2025, down from $779,221 thousand on January 31, 2025, representing a reduction of 1.84%[22] - The company reported a total stockholders' equity of $145,657 thousand as of April 30, 2025, up from $129,828 thousand on January 31, 2025, marking an increase of 12.19%[22] Deferred Revenue and Performance Obligations - Remaining performance obligations were $430 million, with approximately $302 million expected to be recognized as revenue over the next 12 months[8] - The company’s deferred revenue, current, was $237,076 thousand as of April 30, 2025, down from $243,269 thousand on January 31, 2025, a decrease of 2.54%[22] Stock-Based Compensation and Expenses - Stock-based compensation for the three months ended April 30, 2025, was $25,753 thousand, compared to $32,940 thousand in the same period of 2024, reflecting a decrease of 21.66%[24] - The company’s non-GAAP research and development expenses decreased to $22,303 thousand in 2025 from $25,637 thousand in 2024, a reduction of 13.5%[46] Compliance and Authorization - PagerDuty achieved FedRAMP Low Authorization, indicating compliance with federal security requirements[8]

Exhibit 99.1 Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 20, 2025 Englewood, CO – May 29, 2025 – Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 20, 2025. Highlights for the Fiscal First Quarter of 2025, Compared to the Fiscal First ...