Financial Performance - Comparable sales decreased by 2.6% from the prior-year period, with North America region sales decreasing by 0.5%[5] - Net loss is expected to be $363 million, compared to net income of $8 million in the same period last year[5] - First quarter loss per share is expected to be $3.81, compared to earnings per share of $0.09 in Q1 2024[5] - Non-GAAP net loss is expected to be $6 million, compared to net income of $21 million in the prior-year period[5] - For the first quarter of 2025, the company reported a pre-tax loss of $270 million compared to a pre-tax income of $13 million in the same period of 2024[20] - Adjusted income before income taxes (non-GAAP) for Q1 2025 was $2 million, down from $29 million in Q1 2024, reflecting a significant decline[20] - The net loss for Q1 2025 was $363 million, compared to a net income of $8 million in Q1 2024[20] - Adjusted net loss income (non-GAAP) for Q1 2025 was $6 million, a decrease from $21 million in Q1 2024[20] - Diluted loss per share for Q1 2025 was $3.81, compared to diluted earnings per share of $0.09 in Q1 2024[20] - Adjusted diluted loss earnings per share (non-GAAP) for Q1 2025 was $(0.07), down from $0.22 in Q1 2024[20] Impairment Charges - Non-cash impairment charges totaling $276 million are expected, primarily related to a tradename and goodwill impairment[5] - The company recorded impairment charges of $140 million for the WSS tradename and $110 million for goodwill in Q1 2025 due to a decline in stock price and market capitalization[21] - A valuation allowance of $117 million was recorded on deferred tax assets related to net operating loss carryforwards in Q1 2025, indicating a reduced likelihood of utilizing these assets[22] Merger Agreement - Foot Locker and DICK'S Sporting Goods announced a merger agreement with an equity value of approximately $2.4 billion and an enterprise value of approximately $2.5 billion[6] - Shareholders will have the option to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock for each share of Foot Locker common stock[6] - The transaction is subject to shareholder approval and is expected to close in the second half of 2025[7] Strategic Focus - The company is focusing on enhancing in-store experiences and digital offerings, including new mobile apps for Champs Sports and Kids Foot Locker[2] - The company closed all stores in South Korea, Denmark, Norway, and Sweden as part of its strategy to improve international operations[21] - The company reported a $5 million gain on the sale of its Greece and Romania businesses in Q1 2025[22] Reporting Schedule - Foot Locker plans to report full financial results for Q1 2025 on May 29, 2025, but will not hold a conference call due to the pending transaction[8]

Dividend Policy and Restrictions - The company has not declared or paid any dividends on its common stock and intends to retain all available funds for operations and growth[26]. - The company's ability to pay dividends is subject to PRC legal restrictions, which permit payments only from accumulated after-tax profits[28]. - The ability to pay dividends is limited to the registered capital amount of the WFOE, as determined by Chinese accounting standards[35]. - The Chinese government imposes controls on the conversion of RMB into foreign currencies, potentially complicating the remittance of dividends[35]. - The company relies on payments from the VIE to the WFOE to facilitate dividend payments to shareholders[31]. - The ability to pay dividends is subject to Chinese taxes, including a 6% VAT and 25% enterprise income tax, which may restrict cash flow[31]. - Current Chinese regulations allow the WFOE to pay dividends only out of its registered capital, which may limit the Company's ability to distribute profits[35]. - The company’s WFOE must allocate at least 10% of annual after-tax profits to a statutory general reserve fund until it reaches 50% of registered capital[28]. Regulatory Compliance and Risks - The company has not received any inquiries or sanctions from the CSRC regarding the Overseas Listing Trial Measures as of the report date[23]. - The Overseas Listing Trial Measures require domestic companies to file with the CSRC for overseas offerings if certain conditions are met, potentially impacting the company's operations[20]. - The company faces uncertainties regarding the interpretation and application of Chinese laws and regulations, which could materially affect its operations[19]. - The company faces risks related to the interpretation of Chinese laws and regulations regarding the VIE structure, which could materially affect operations[18]. - The PCAOB determined it could inspect registered public accounting firms in mainland China and Hong Kong, affecting the company's compliance status under the HFCAA[36]. - As of the latest report, the company is not a Commission Identified Issuer under the HFCAA, reducing the risk of delisting from Nasdaq[36]. - The enactment of the HFCAA could still cause investor uncertainty and negatively impact the market price of the company's common stock[37]. - The Overseas Listing Trial Measures require domestic companies to comply with filing procedures for overseas offerings, with penalties for non-compliance ranging from RMB1,000,000 to RMB10,000,000[20]. VIE Structure and Financial Implications - The company relies on payments from its VIE to its WFOE under the VIE Agreements for cash requirements, including dividends[25]. - The VIE is obligated to make payments to the WFOE, but such payments are subject to Chinese taxes, including a 6% VAT and 25% enterprise income tax[25]. - The VIE is obligated to make payments to the WFOE, which may be restricted by Chinese taxes including a 6% VAT and 25% enterprise income tax[31]. - The company relies on payments from the VIE to the WFOE for cash requirements, which may be limited by various regulatory restrictions[31]. Cybersecurity and Investigations - The company has not been involved in any cybersecurity investigations by Chinese regulatory authorities as of the report date[19]. - The company has not been involved in any cybersecurity investigations by Chinese regulatory authorities as of the report date[19].

Financial Performance - Comparable sales decreased by 0.7% in Q1 FY26 compared to a decline of 6.1% in Q1 FY25[2] - Total revenue for Q1 FY26 was $8.767 billion, down from $8.847 billion in Q1 FY25, representing a decrease of 0.9%[2][4] - Adjusted diluted EPS for Q1 FY26 was $1.15, compared to $1.20 in Q1 FY25[2] - Net earnings for the three months ended May 3, 2025, were $202 million, down 17.9% from $246 million in the same period last year[27] - Domestic segment revenue was $8,127 million, a slight decrease of 0.9% compared to $8,203 million in the prior year[30] - Adjusted operating income remained stable at $333 million, with an adjusted operating income margin of 3.8%[34] Guidance and Expectations - The company expects FY26 adjusted diluted EPS to be in the range of $6.15 to $6.30[1] - For Q2 FY26, the company anticipates comparable sales to be slightly down and adjusted operating income rate to be approximately 3.6%[4] - The updated FY26 guidance includes revenue expectations of $41.1 billion to $41.9 billion, with comparable sales growth projected between -1.0% to 1.0%[10] Revenue Sources - Domestic online revenue increased by 2.1% to $2.58 billion, accounting for 31.7% of total domestic revenue[5] - Comparable sales in the domestic segment decreased by 0.7%, while comparable online sales increased by 2.1%[30] Costs and Charges - The company incurred $109 million in restructuring charges in Q1 FY26, primarily related to the Best Buy Health business[12] - The restructuring charges for the quarter were $109 million, significantly higher than $15 million in the same period last year[35] Tax and Assets - The effective tax rate for Q1 FY26 was 8.6%, significantly lower than 24.7% in Q1 FY25, influenced by restructuring charges[13] - The effective tax rate for the quarter was 8.6%, compared to 24.7% in the same quarter last year[34] - Total assets decreased to $14,128 million from $14,752 million year-over-year, a decline of 4.2%[25] Cash Flow and Stock Repurchase - The company reported a total cash provided by operating activities of $34 million, significantly down from $156 million in the previous year[27] - Cash, cash equivalents, and restricted cash at the end of the period were $1,435 million, down from $1,527 million year-over-year[27] - The company repurchased $100 million of common stock during the quarter, up from $50 million in the prior year[27] Profitability - The domestic gross profit rate improved to 23.5% from 23.4% in the previous year, driven by better performance in services[6]

Exhibit 99.1 BUILD-A-BEAR WORKSHOP REPORTS RECORD-BREAKING FIRST QUARTER FISCAL 2025 RESULTS First Quarter Fiscal 2025 Results (13 weeks ended May 3, 2025, compared to the 13 weeks ended May 4, 2024) ● Total revenues were a first-quarter record $128.4 million, an increase of 11.9%, pre-tax income was a first-quarter record $19.6 million, an increase of 30.6%, and diluted earnings per share was a first-quarter record $1.17, an increase of 42.7% ● For the first quarter of 2025, the Company returned $7.1 milli ...

FOR IMMEDIATE RELEASE SpartanNash Announces First Quarter Fiscal 2025 Results Sales Growth of 3.7%, Included a 1.6% Increase in Retail Comparable Store Sales Reaffirms Fiscal 2025 Guidance GRAND RAPIDS, Mich. – May 29, 2025 – Food solutions company SpartanNash® (the "Company") (Nasdaq: SPTN) today reported financial results for its 16-week first quarter ended April 19, 2025. "We continue to execute on our strategic initiatives and deliver on our commitments. SpartanNash hit the ground running in 2025, posti ...

HAMILTON LANE INCORPORATED REPORTS STRONG FOURTH FISCAL QUARTER AND FISCAL YEAR 2025 RESULTS, WITH MANAGEMENT AND ADVISORY FEES GROWING BY 14% AND ASSETS UNDER MANAGEMENT GROWING BY 11% YEAR-OVER-YEAR CONSHOHOCKEN, PENN. – May 29, 2025 – Leading private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) today reported its results for the fourth fiscal quarter and full fiscal year ended March 31, 2025. FISCAL YEAR 2025 HIGHLIGHTS Hamilton Lane issued a full detailed presentation of its f ...

EXHIBIT 99.1 CONTACT: ICR, Inc. MOVADO GROUP, INC. ANNOUNCES FIRST QUARTER FISCAL 2026 RESULTS ~ Net Sales of $131.8 million ~ ~ Operating Income of $0.3 million and Adjusted Operating Income of $0.9 million ~ ~ EPS of $0.06 and Adjusted EPS of $0.08 ~ ~ Board Approves Quarterly Dividend of $0.35 Per Share ~ Paramus, NJ – May 29, 2025 -- Movado Group, Inc. (NYSE: MOV) today announced first quarter fiscal 2026 results for the period ended April 30, 2025. Fiscal 2026 First Quarter Highlights Efraim Grinberg, ...

Financial Performance - Total sales increased by 6% year-over-year to $2,500 million, while comparable store sales remained flat[4] - Net income for the first quarter was $101 million, with diluted EPS of $1.58, compared to $79 million and $1.22 per share in the same quarter last year[9] - Adjusted EPS rose by 18% to $1.67, exceeding guidance, while adjusted EBIT margin increased by 30 basis points[6] - Net sales for the three months ended May 3, 2025, were $2,500,075, an increase of 6.05% from $2,357,318 for the same period in 2024[24] - Total revenue for the same period was $2,504,020, up 6.03% from $2,361,553 in the prior year[24] - Net income increased to $100,833, representing a 28.5% rise from $78,514 in the previous year[24] - Diluted net income per share rose to $1.58, compared to $1.22 for the same period last year, marking a 29.5% increase[24] - Adjusted Net Income for the three months ended May 3, 2025, was $102,582, up from $86,813, reflecting an increase of 18.2%[37] - Adjusted EBITDA for the same period was $238,103, an increase of 12.6% from $211,361 in the prior year[37] - The total net income for the fiscal year ended February 1, 2025, is $503,639,000[38] Inventory and Capital Expenditures - Merchandise inventories increased by 15% to $1,315 million, while comparable store inventories decreased by 8%[7] - Capital expenditures are projected to be approximately $950 million, with plans to open around 100 net new stores[14] - The company incurred $409,700 in capital expenditures during the three months ended May 3, 2025, compared to $164,837 in the same period last year[28] Liquidity and Debt - The company ended the quarter with $1,119 million in liquidity and $1,652 million in total debt[10] - Cash and cash equivalents decreased to $371,092 from $742,332 at the end of the same period last year, a decline of 50%[28] - Total assets as of May 3, 2025, were $8,549,897, a decrease from $8,770,413 at the end of the previous quarter[26] - Total current liabilities decreased to $1,956,841 from $2,097,322 in the same period last year, a reduction of 6.7%[26] Tax and Shareholder Returns - The effective tax rate decreased to 24.1% from 28.4% in the prior year[9] - The company has authorized an additional $500 million for share repurchases, effective through May 2027[10] - The effective tax rate on a GAAP basis for Q1 2025 is 24.1%, down from 28.4% in Q1 2024[38] - The tax effect of adjustments for Q1 2025 is $(1,336,000), reflecting the impact of various excluded items[40] Adjusted Financial Metrics - Adjusted Net Income for Q1 2025 is $77,487,000, compared to $73,760,000 in Q1 2024[38] - Adjusted Earnings per Share (EPS) for Q1 2025 is $1.20, while it was $1.14 in Q1 2024[38] - The net favorable lease costs for Q1 2025 amount to $3,138,000, contributing to the adjusted net income[38] - The company recorded litigation matters costs of $1,925,000 in Q1 2025, impacting the net income[39] Other Financial Adjustments - The company incurred impairment charges of $12,921,000 during the fiscal year ended February 1, 2025[38] - The loss on extinguishment of debt for the fiscal year ended February 1, 2025, is $1,412,000[39]

Business Overview - Royal Bank of Canada reported a diversified business model with over 19 million clients across Canada, the U.S., and 27 other countries[23]. - The company emphasizes a purpose-driven, principles-led approach to delivering leading performance, supported by over 97,000 employees[23]. - The company completed the HSBC Canada transaction on March 28, 2024, which has been consolidated into its financial results[25]. - The HSBC Canada transaction completed on March 28, 2024, has significantly impacted results, balances, and ratios for all reported periods[1]. Financial Performance - Total revenue for the three months ended April 30, 2025, was $15,672 million, a decrease of 6.4% from $16,739 million in the same period last year[25]. - Net income for the three months ended April 30, 2025, was $4,390 million, down 14.5% from $5,131 million in the same period last year[25]. - Earnings per share (EPS) – basic was $3.03 for the three months ended April 30, 2025, compared to $3.54 in the same period last year, a decrease of 14.4%[25]. - Total revenue for Q2 2025 was $15,672 million, up $1,518 million or 11% from Q2 2024, driven by higher net interest income and the inclusion of HSBC Canada revenue[56]. - Net income for Q2 2025 was $4,390 million, up $199 million or 14% year-over-year, with $93 million attributed to the inclusion of HSBC Canada results[108]. - Net income for the six months ended April 30, 2025, was $9,521 million, an increase of $1,989 million or 26% compared to the same period last year[50]. Credit Losses and Provisions - Provision for credit losses (PCL) increased to $1,424 million for the three months ended April 30, 2025, compared to $1,050 million in the previous year, reflecting a rise of 35.6%[25]. - Total PCL increased by $504 million or 55% from a year ago, primarily due to higher provisions in Commercial Banking and Personal Banking[71]. - PCL (Provision for Credit Losses) increased by $190 million or 41%, primarily due to higher provisions on performing loans in Canadian portfolios[111]. - PCL increased by $214 million or 23%, mainly due to higher provisions on impaired loans in Canadian personal and credit card portfolios[117]. Segment Performance - Personal Banking segment reported a net income of $1,573 million with an ROE of 23.1% for Q2 2025[97]. - Commercial Banking segment net income was $578 million with an ROE of 12.1% for Q2 2025[97]. - Wealth Management segment achieved a net income of $906 million with an ROE of 14.6% for Q2 2025[97]. - Insurance segment reported a net income of $209 million with an ROE of 42.0% for Q2 2025[97]. Revenue and Income Trends - Non-interest income for the six months ended April 30, 2025, was $16,407 million, reflecting a significant increase from $14,684 million in the same period last year[55]. - Net interest income increased by $1,433 million or 22% year-over-year, with $377 million attributed to HSBC Canada and a 16% increase from average volume growth in Personal Banking and Commercial Banking[57]. - Total revenue for the six months ended increased by $920 million or 28%, with $578 million from HSBC Canada revenue[127]. - Canadian Wealth Management revenue increased by $292 million or 21%, attributed to higher fee-based client assets and net interest income[133]. Taxation - The effective income tax rate increased to 20.4%, up 60 bps, influenced by changes in earnings mix and new legislation[86]. - Income tax expense increased by $688 million or 39% compared to Q2 2024, with adjusted income tax expense rising by $568 million or 29%[89]. Market and Economic Conditions - Euro area GDP rose by 0.3% in Q1 2025, following a 0.2% increase in Q4 2024, with expectations of slow but positive growth for the remainder of the year[34]. - The International Monetary Fund (IMF) projected global growth of 2.8% for 2025, down 0.5% from its January forecast, indicating significant global economic uncertainty[38]. - The U.S. dollar has depreciated by approximately 5% since mid-January 2025, based on the trade-weighted U.S. dollar index[35]. Risk Factors - Forward-looking statements in the Q2 2025 Report include financial performance objectives and strategic goals, subject to various risks and uncertainties[17]. - The report highlights the importance of considering risk factors that could cause actual results to differ materially from expectations[20]. - The company cautions against placing undue reliance on forward-looking statements due to inherent risks and uncertainties[20]. - Additional information regarding the company's financial performance and risk factors can be found in the 2024 Annual Report and the Q2 2025 Report to Shareholders[22]. Regulatory and Compliance - Regulatory developments are being monitored to ensure compliance and mitigate adverse business impacts, as outlined in the 2024 Annual Report[37].

Revenue and Income - Revenue for the three months ended April 30, 2025, was $9.8 billion, an increase of 8% year-over-year[149]. - Total revenues for the three months ended April 30, 2025, were $9,829 million, an increase of 8% compared to $9,133 million in the same period of 2024[177]. - Income from operations for the same period was $1.9 billion, with an operating margin of approximately 20%, up from 19% in the prior year[149]. - Net income for the three months ended April 30, 2025, was $1,541 million, representing 16% of total revenues, slightly down from 17% in Q1 2024[177]. - Diluted net income per share for the same period was $1.59, compared to $1.56 from a year ago[157]. Performance Obligations - Total remaining performance obligation as of April 30, 2025, was approximately $60.9 billion, an increase of 13% year-over-year[157]. - Current remaining performance obligation was approximately $29.6 billion, reflecting a 12% increase year-over-year[157]. - Remaining performance obligation as of April 30, 2025, was $60.9 billion, down from $63.4 billion as of January 31, 2025[178]. Cash Flow and Liquidity - Cash provided by operations for the three months ended April 30, 2025, was $6.5 billion, an increase of 4% year-over-year[157]. - For the three months ended April 30, 2025, net cash provided by operating activities was $6.476 billion, an increase from $6.247 billion in the same period of 2024[200]. - As of April 30, 2025, the company had total liquidity of $17.4 billion in cash, cash equivalents, and marketable securities, along with accounts receivable of $4.4 billion[197]. - Cash, cash equivalents, and marketable securities increased to $17,408 million as of April 30, 2025, compared to $14,032 million at the end of January 2025[178]. Expenses and Profitability - The cost of revenues for the three months ended April 30, 2025, was $2,265 million, representing 23% of total revenues, compared to 24% in the same period of 2024[187]. - Gross profit for the three months ended April 30, 2025, was $7,564 million, which is 77% of total revenues, compared to 76% in Q1 2024[177]. - Operating expenses totaled $5,622 million for the three months ended April 30, 2025, consistent at 57% of total revenues, compared to the same period in 2024[189]. - Research and development expenses for the three months ended April 30, 2025, were $1,460 million, maintaining 15% of total revenues, with a 10% increase in headcount[189]. Shareholder Returns - During the three months ended April 30, 2025, the company repurchased approximately 10 million shares for approximately $2.7 billion[157]. - The company paid approximately $402 million in dividends during the same period[157]. - The company announced a dividend of $0.416 per share for the three months ended April 30, 2025, totaling $406 million[212]. - The company authorized a Share Repurchase Program totaling $30 billion, with $7.9 billion remaining for future repurchases as of April 30, 2025[210]. Strategic Investments and Acquisitions - The company plans to acquire Informatica Inc. for approximately $8 billion, which will be funded through a combination of new debt and cash on hand[216]. - Losses on strategic investments for the three months ended April 30, 2025, were $63 million, a significant decline from gains of $37 million in Q1 2024[195]. - The company incurred $36 million in restructuring costs primarily related to employee transitions during the three months ended April 30, 2025[195]. Tax and Regulatory - The company recorded a tax provision of $433 million on pretax income of $2.0 billion for the three months ended April 30, 2025, resulting in an effective tax rate of 22%, up from 18% in 2024[196]. - The effective tax rate for the three months ended April 30, 2025, was 22%, up from 18% in the same period of 2024, primarily due to lower excess tax benefits from stock-based compensation[196]. Market Trends and Future Outlook - The buying environment trends have stabilized, but economic unpredictability may impact future growth[150]. - The company expects to continue investing in infrastructure to scale operations and enhance security measures, with no significant changes to future payment estimates under fixed contractual obligations[214]. - Future cash payments related to restructuring initiatives are expected to be between $160 million and $190 million, primarily for workforce costs[215].