Exhibit 99.1 Workday Announces Fiscal 2026 First Quarter Financial Results Fiscal First Quarter Total Revenues of $2.240 Billion, Up 12.6% Year Over Year Subscription Revenues of $2.059 Billion, Up 13.4% Year Over Year PLEASANTON, Calif., May 22, 2025 – Workday, Inc. (NASDAQ: WDAY), the AI platform for managing people, money, and agents, today announced results for the fiscal 2026 first quarter ended April 30, 2025. Fiscal 2026 First Quarter Results Comments on the News "Workday delivered another solid quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ Commission file number 000-38312 8x8, Inc. (Exact name of Registrant as Specified in its Charter) Delaware 77-0142404 (State or Other Jurisdiction of Incorp ...

Intuit Reports Strong Third-Quarter Results and Raises Full-Year Guidance Consumer Group Revenue Grew 11 percent; Global Business Solutions Group Revenue Grew 19 percent MOUNTAIN VIEW, Calif. - May 22, 2025 - Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced financial results for the third quarter of fiscal 2025, which ended April 30. "We have exceptional momentum with outstanding performance across our platfor ...

Financial Performance - Earnings per share for Q1 2025 were $1.47, slightly up from $1.46 in Q1 2024, with net income at $479 million compared to $488 million last year[5] - Total sales for Q1 2025 reached $5.0 billion, with comparable store sales remaining flat year-over-year[5] - Operating margin for the first quarter was 12.2%, unchanged from the previous year[6] - Net earnings for the three months ended May 3, 2025, were $479,249, a decrease of 2% from $487,990 in the same period last year[16] Share Repurchase and Guidance - The company repurchased 2.0 million shares for $263 million under a $2.1 billion buyback program, aiming to buy back $1.05 billion in total during fiscal 2025[6] - For Q2 2025, comparable store sales are projected to be flat to up 3%, with earnings per share guidance set between $1.40 and $1.55, down from $1.59 in the prior year[8] Cost and Tariff Impact - The anticipated cost impact from tariffs is estimated to be approximately $0.11 to $0.16 per share for Q2 2025[8] Store and Asset Management - The company operates 2,205 stores at the end of Q1 2025, a decrease from 2,127 stores a year earlier[12] - Total assets as of May 3, 2025, were $14.30 billion, down from $14.49 billion a year prior[14] - Cash and cash equivalents decreased to $3.78 billion from $4.65 billion year-over-year[14] Cash Flow and Investment Activities - Net cash provided by operating activities increased to $409,715, up 11% from $368,921 year-over-year[16] - Cash used in investing activities rose to $207,378, compared to $136,249 in the prior year, reflecting increased capital expenditures[16] - Net cash used in financing activities significantly increased to $1,149,809, up from $450,033, primarily due to long-term debt payments of $700,000[16] - The total cash, cash equivalents, and restricted cash and cash equivalents at the end of the period was $3,848,990, down from $4,718,080 a year ago[16] Expense Management - Interest paid during the period was $35,939, a decrease from $40,158 in the previous year[16] - Income taxes paid (refunded), net, was $334, compared to a refund of $(375) in the same period last year[16] - Depreciation and amortization expenses increased to $115,938 from $109,186 year-over-year[16] - Stock-based compensation decreased slightly to $39,296 from $40,447 in the prior year[16] - Merchandise inventory change improved to $(225,336) from $(269,479), indicating better inventory management[16] Management Approach - The company emphasizes a conservative management approach amid heightened macroeconomic and geopolitical uncertainties[8]

Financial Performance - Net revenue for the three months ended April 27, 2025, was $7,100 million, a 6.8% increase from $6,646 million for the same period in 2024[12] - Gross profit for the three months ended April 27, 2025, was $3,485 million, up 10.5% from $3,153 million in the prior year[12] - Net income for the three months ended April 27, 2025, reached $2,137 million, representing a 24.2% increase compared to $1,722 million in the same quarter of 2024[15] - Earnings per share (EPS) for the three months ended April 27, 2025, was $2.64, an increase from $2.08 in the same quarter of the previous year[12] - Comprehensive income for the three months ended April 27, 2025, was $2,136 million, compared to $1,716 million for the same period in 2024[15] - Operating income for the three months ended April 27, 2025, was $2,169 million, an increase of 13% from $1,912 million in the same period of 2024[143] Assets and Liabilities - Total current assets decreased to $19,708 million as of April 27, 2025, from $21,220 million as of October 27, 2024[18] - Total liabilities decreased to $14,671 million as of April 27, 2025, compared to $15,408 million as of October 27, 2024[18] - Total cash, cash equivalents, and investments as of April 27, 2025, amounted to $10,385 million, up from $10,190 million[35] - The company’s cash and cash equivalents at the end of the period were $6,169 million, down from $7,175 million[27] - Total long-term debt was $5,462 million as of April 27, 2025, remaining stable compared to $5,460 million as of October 27, 2024[84] Cash Flow and Financing Activities - Cash provided by operating activities for the six months ended April 28, 2024, was $3,717 million, compared to $2,496 million for the same period in 2025, reflecting a 48.8% increase[27] - The company utilized $3.7 billion in cash for financing activities in the six months ended April 27, 2025, primarily for stock repurchases of $3.0 billion and cash dividends of $651 million[174] - The company has credit facilities for unsecured borrowings of up to $2.1 billion, with no amounts outstanding under the Revolving Credit Agreement as of April 27, 2025[177] Research and Development - Research, development, and engineering expenses increased to $893 million for the three months ended April 27, 2025, compared to $785 million in the same period of 2024[12] - The company continues to invest significantly in research, development, and engineering (RD&E) to ensure the availability of innovative technology for advanced customer designs[134] Stock Repurchase and Dividends - The company declared dividends of $0.46 per common share for the three months ended April 27, 2025[22] - The company authorized a stock repurchase program of $10.0 billion in March 2025, supplementing the previous $10.0 billion authorization from March 2023, with approximately $15.9 billion remaining available for future repurchases as of April 27, 2025[87] - For the three months ended April 27, 2025, the company repurchased 11 million shares at a cost of $1.685 billion, averaging $148.88 per share, compared to 4 million shares for $827 million at an average of $199.59 per share in the same period of 2024[90] Segment Performance - The Semiconductor Systems segment generated net revenue of $5,255 million with an operating income of $1,900 million for the three months ended April 27, 2025, compared to $4,901 million and $1,701 million respectively in the same period of 2024[123] - Applied Global Services (AGS) segment reported net revenue of $1,566 million and operating income of $446 million for the three months ended April 27, 2025, up from $1,530 million and $436 million in the same period of 2024[123] - Display segment net revenue increased to $259 million with an operating income of $68 million for the three months ended April 27, 2025, compared to $179 million and $5 million in the same period of 2024[123] Tax and Legal Matters - The effective tax rate for the second quarter of fiscal 2025 was 8.0%, down from 13.6% in the same quarter of 2024, primarily due to a reduction of unrecognized tax benefits related to foreign operations[104] - The company is subject to various legal proceedings and government inquiries, including subpoenas related to export controls compliance, but does not expect these to materially affect its financial condition[110][111] Market Conditions - Net revenue from China decreased by 37% to $1,774 million for the three months ended April 27, 2025, compared to $2,831 million in the same period of 2024[126] - The company reported a 25% decrease in net revenue from customers in China for the three months ended April 27, 2025, primarily due to lower investments in semiconductor equipment[148] - Net revenue from customers in Korea increased by 58% to $1,562 million for the three months ended April 27, 2025, compared to $988 million in the same period last year[148]

Financial Performance - First quarter revenue increased by 15% year-over-year to $1.6 billion, with a 16% growth on a constant currency basis[1] - Billings for Q1 FY26 reached $1.434 billion, reflecting a 29% year-over-year increase[3] - GAAP EPS for Q1 FY26 was $0.70, down $0.46 compared to the previous year, while non-GAAP EPS was $2.29, up $0.42[3] - Total net revenue by product type showed Design revenue at $1.361 billion (14% increase), Make revenue at $179 million (23% increase), and Other revenue at $93 million (22% increase)[4] - Total net revenue for the three months ended April 30, 2025, was $1,633 million, a decrease from $1,633 million in the same period last year[39] - Subscription revenue reached $1,532 million, while maintenance revenue was $8 million, contributing to a total subscription and maintenance revenue of $1,540 million[39] - Net income for the period was $152 million, with diluted net income per share at $0.70[39] Revenue Guidance - Q2 FY26 revenue guidance is projected between $1.720 billion and $1.730 billion, with GAAP EPS guidance of $1.37 to $1.46[12] - Full-year FY26 revenue guidance is set between $6.925 billion and $6.995 billion, with billings expected between $7.160 billion and $7.310 billion[12] Cash Flow and Capital Allocation - The company plans to allocate more capital to share repurchases as free cash flow grows, which was $556 million in Q1 FY26, a 14% increase[3] - Cash and cash equivalents increased to $1,816 million from $1,599 million at the beginning of the period[41] - Operating cash flow for the three months ended April 30, 2025, was $564 million, compared to $494 million in the same period last year[41] - Net cash provided by operating activities amounted to $564 million, resulting in free cash flow of $556 million[45] - The company repurchased $354 million of common stock during the period[41] Operating Metrics - Remaining performance obligations (RPO) totaled $7.157 billion, a 21% increase year-over-year, with current RPO at $4.552 billion (16% increase)[8] - Total operating expenses amounted to $1,240 million, with research and development expenses at $394 million[39] - GAAP operating margin for the three months ended April 30, 2025, was 14%, while the non-GAAP operating margin was 37%[45] - The GAAP operating margin for FY26 is expected to be between 21% and 22%, with a non-GAAP operating margin forecasted at 36.5% to 37%[48] Stock and Intangible Assets - Autodesk's goodwill increased to $4,275 million from $4,242 million at the end of January 2025[40] - Deferred revenue stood at $3,620 million, a decrease from $3,787 million at the end of January 2025[40] - Total assets decreased to $10,585 million from $10,833 million at the end of January 2025[40] Future Projections - For Q2 FY26, GAAP EPS is projected to be between $1.37 and $1.46, with non-GAAP EPS expected to be between $2.44 and $2.48[48] - The FY26 GAAP EPS is forecasted to be between $4.63 and $5.14, while non-GAAP EPS is anticipated to be between $9.50 and $9.73[49] - Stock-based compensation expense for Q2 FY26 is estimated to be between $0.87 and $0.89[48] - Amortization of purchased intangibles and developed technologies for FY26 is projected at $0.65[49] - Restructuring and other exit costs for FY26 are expected to be between $0.53 and $0.60[49] - Income tax adjustments for FY26 are anticipated to range from $(0.24) to $(0.33)[49] Strategic Focus - The focus remains on strategic priorities in cloud, platform, and AI to drive long-term shareholder value amidst macroeconomic uncertainties[2]

Revenue Performance - VF Corporation reported a 4% decrease in revenues for Fiscal 2025, totaling $9.5 billion compared to $9.9 billion in Fiscal 2024[248]. - The Outdoor segment saw a 1% revenue increase to $5.6 billion, while the Active segment experienced a 12% decline to $3.1 billion[251]. - Total segment revenues decreased to $9,504.7 million in Fiscal 2025 from $9,915.7 million in Fiscal 2024, reflecting a decline of approximately 4.1%[263]. - The Outdoor segment reported revenues of $5,576.3 million in Fiscal 2025, a slight increase of 1.4% from $5,501.4 million in Fiscal 2024, with a segment profit margin rising to 13.0%[267]. - The Active segment experienced a 12.1% revenue decline to $3,095.3 million in Fiscal 2025, with segment profit decreasing by 35.7% to $152.8 million[270]. - The Work segment's revenues decreased by 6.6% to $833.1 million in Fiscal 2025, but segment profit surged by 201.2% to $53.1 million[275]. - Global direct-to-consumer revenues for Outdoor increased by 6% in Fiscal 2025, primarily driven by The North Face brand[269]. - The North Face brand's global revenues increased by 1% in Fiscal 2025, with a notable 18% increase in the Asia-Pacific region[268]. - Vans brand global revenues decreased by 16% in Fiscal 2025, significantly impacted by a 16% decline in the Americas region[271]. - International revenues decreased by 2% in Fiscal 2025, with a 1% unfavorable impact from foreign currency; revenues in the Europe region decreased by 3% and in the Americas (non-U.S.) region by 7%[285]. - Direct-to-consumer revenues decreased by 6% in Fiscal 2025, with e-commerce revenues also down by 6% and retail store revenues down by 8%[287]. Financial Performance - Gross margin improved by 190 basis points to 53.5% in Fiscal 2025, driven by lower product costs and improved inventory quality[250][252]. - Earnings per share increased to $0.18 in Fiscal 2025, compared to a loss of $2.62 in Fiscal 2024, aided by lower impairment charges and improved profitability in the Outdoor and Work segments[251]. - Operating margin improved to 3.2% in Fiscal 2025 from a negative 1.5% in Fiscal 2024[256]. - Cash provided by operating activities decreased to $438.5 million in Fiscal 2025 from $884.7 million in Fiscal 2024[297]. - Cash provided by investing activities increased significantly to $1,432.5 million in Fiscal 2025, primarily due to proceeds from the sale of Supreme amounting to $1.506 billion[299]. - Cash used by financing activities increased to $2,146.0 million in Fiscal 2025, driven by a $1.0 billion prepayment of the DDTL and a $750.0 million early redemption of long-term debt[300]. - Cash dividends totaled $0.36 per share in Fiscal 2025, down from $0.78 in Fiscal 2024, with a dividend payout ratio of (74.5%) of diluted earnings per share[313]. - As of March 2025, VF had $2.5 billion remaining for future share repurchases under its authorization[302]. - VF's long-term debt ratings were 'BB' by S&P and 'Ba1' by Moody's, with a stable outlook[311]. - VF's total contractual obligations at the end of Fiscal 2025 amount to $8,234 million, with $2,899 million due in 2026[314]. - Long-term debt recorded is $3,996 million, with significant payments of $1,865 million due thereafter[314]. - Working capital increased to $1,088.2 million in March 2025 from $733.6 million in March 2024, and the current ratio improved to 1.4 from 1.2[289]. - VF had $429.4 million in cash and cash equivalents at the end of Fiscal 2025, indicating sufficient liquidity to meet obligations[319]. Impairment and Taxation - The company recorded goodwill and intangible asset impairment charges of $89.2 million in Fiscal 2025, primarily related to the Dickies and Icebreaker brands[254]. - The effective income tax rate was 52.2% in Fiscal 2025, a significant increase from (257.5%) in Fiscal 2024, with a net discrete tax expense of $19.4 million impacting the rate by 13.4%[258]. - Income from continuing operations in Fiscal 2025 was $69.3 million ($0.18 per diluted share), a recovery from a loss of ($1.0) billion (($2.62) per diluted share) in Fiscal 2024[259]. - VF recorded an impairment charge of $51.0 million for the Dickies indefinite-lived trademark intangible asset due to a downturn in financial results[357]. - VF recorded a goodwill impairment charge of $38.2 million related to the Icebreaker reporting unit for the year ended March 2025[358]. - VF has $531.0 million in valuation allowances against deferred tax assets, indicating potential uncertainty in realizing these assets[368]. - The realization of deferred tax assets is contingent on future taxable income, which is uncertain and may be affected by changes in tax laws[368]. - Future adjustments to income tax expense may occur if the realizable amount of deferred tax assets differs from the recorded amount[368]. Corporate Strategy and Initiatives - VF completed the sale of the Supreme brand for $1.506 billion on October 1, 2024, resulting in an after-tax loss of $126.6 million[240]. - The company initiated the Reinvent transformation program in October 2023, aiming for $500 million to $600 million in net operating income expansion by Fiscal 2028[244]. - Corporate and other expenses increased by $77.1 million in Fiscal 2025 compared to Fiscal 2024, primarily due to higher restructuring charges and project-related costs[284]. Risk Management - VF has exposure to foreign currency exchange rate risks, with approximately 55% of revenues generated internationally[326]. - A hypothetical 1% increase in interest rates would increase reported net income by approximately $3.2 million[325]. - VF's pension costs have fluctuated significantly, ranging from $12.1 million in March 2024 to $101.9 million in March 2023[323]. - VF evaluates potential impairment whenever events indicate that the carrying value of an asset may not be recoverable[343]. - Recent accounting standards have been adopted, details can be found in Note 1 of the consolidated financial statements[369]. - VF's market risks are discussed in the "Risk Management" section of the Annual Report[370].

Growth Strategy - The company plans to strategically pursue emerging growth opportunities, including strategic acquisitions in diverse regions and across industry sectors [18]. - The company expects to secure more new facility project bids, enhancing its revenue potential [18]. - The company anticipates an increase in revenues, reflecting positive market conditions and operational strategies [18]. - The company aims to integrate acquired companies effectively to achieve synergies and enhance overall performance [18]. - The company is committed to developing strategic alliances with major customers and suppliers to strengthen its market position [18]. Financial Health - The company believes its cash flows will be sufficient to meet operational needs for the next year [18]. Market Competitiveness - The company is focused on responding to new market developments and technological advances to maintain competitiveness [18]. - The company acknowledges risks related to competition and the ability to deliver existing orders within its backlog [19]. - The company recognizes the importance of managing risks associated with foreign operations and economic conditions [19]. - The company is focused on maintaining compliance with environmental and health regulations, which could impact operations [19].

Growth Strategy - The company has a long-term growth strategy for Fiscal 2023 to Fiscal 2025, focusing on brand elevation, core expansion, and winning in key cities[26]. - The company has a focus on returning the North America business to growth as part of its strategic goals[155]. Transformation Initiatives - The Next Generation Transformation Project is a multi-year initiative aimed at transitioning to a global direct-to-consumer model, with significant process improvements expected[36]. - The company has established a large-scale multi-year global project, the Next Generation Transformation project, aimed at transforming operations towards a direct-to-consumer model[121]. Financial Performance - Fiscal 2025 net revenues were approximately 57% generated outside the U.S., with North America contributing 43%, Europe 31%, and Asia 24%[57][61][62]. - The company incurred charges of $25.2 million and $5.1 million related to the NGT project during Fiscal 2025 and Fiscal 2024, respectively[37]. - Approximately 2% of Fiscal 2025 net revenues came from non-reportable segments, primarily from Ralph Lauren and Chaps branded royalty revenues[56]. Sustainability Efforts - The company emphasizes sustainability through initiatives like integrated circularity, sustainable materials, and waste management, aiming for zero waste principles[32]. - The company aims to reduce absolute greenhouse gas emissions and improve water stewardship across its operations and supply chain[32]. - The company is committed to advancing environmental sustainability in the fashion and textile industries through initiatives like the Fashion Pact[154]. Employee Well-being - The company is committed to enhancing employee well-being and fostering a culture of belonging and equity within its workforce[41]. - Starting January 2025, the company will provide free additional coverage for essential cancer screenings above national guidelines for U.S. employees[151]. - All part-time employees with one year of service will be eligible for benefits in calendar 2025, regardless of average hours worked[152]. - The company has a global wellness program, THRIVE, which includes access to physical and mental wellness support[146]. - The company is committed to competitive compensation and benefits, actively monitoring pay equity[149]. - The company aims to exceed an 80% employee survey score on "my manager creates a sense of belonging for the entire team"[141]. Product and Brand Portfolio - The company’s product portfolio includes luxury lifestyle products across five categories: apparel, footwear & accessories, home, fragrances, and hospitality[25]. - The brand portfolio includes well-known names such as Polo Ralph Lauren, Ralph Lauren Collection, and Double RL, reflecting a distinctive American lifestyle[39]. - The company’s products are designed to reflect a timeless and innovative interpretation of American style, contributing to brand strength and reputation[96]. Retail and Distribution - The retail business operates 564 retail stores and 671 concession-based shop-within-shops, totaling approximately 4.1 million and 0.7 million square feet respectively[59][62]. - During Fiscal 2025, 30 new Ralph Lauren stores were opened while 10 were closed, resulting in a total of 252 Ralph Lauren stores[60][62]. - The wholesale business sold products through over 9,400 doors worldwide, with approximately 3,000 in North America, 5,600 in Europe, and 850 in Asia[70][73]. - The company opened 6 new outlet stores and closed 26 during Fiscal 2025, resulting in a total of 312 outlet stores[63][64]. - The company’s distribution network includes multiple global facilities, ensuring efficient shipping and inventory management[115]. Digital Commerce Strategy - The digital commerce strategy includes direct sales through various websites and third-party partners, with a focus on expanding accessibility and localizing offerings[67][68]. - The company continues to invest in its digital ecosystem as a key component of its global omni-channel strategy, which includes owned and partnered channels across physical and digital platforms[87]. - Directly-operated digital commerce sites and mobile applications serve as digital flagships, enhancing consumer experience through new payment methods and improved search capabilities[88]. - The company continues to invest in Connected Retail capabilities, including features like Same-Day Delivery and Mobile Point of Sale[59]. Leadership and Management - Ralph Lauren has been the Executive Chairman and Chief Creative Officer since November 2015, and has been with the company since its founding in 1967[154]. - Patrice Louvet has served as President and CEO since July 2017, previously holding senior leadership roles at Procter & Gamble[154]. - Robert Ranftl became Chief Operating Officer in April 2025, previously leading operations in Asia Pacific and North America[155]. - Justin Picicci has been Chief Financial Officer since May 2024, overseeing internal finance functions and previously serving as CFO of North America[155]. - David Lauren, Chief Branding and Innovation Officer since April 2022, has been instrumental in growing the company's global digital commerce business[155]. - Halide Alagöz has been Chief Product Merchandising Officer since March 2025, responsible for the end-to-end product life cycle[155]. Marketing and Consumer Engagement - The company’s marketing strategies increasingly leverage digital and social media platforms to engage younger consumers and enhance brand recognition[100]. - The company collaborates with wholesale customers to deliver tailored content and leverage consumer insights for a holistic view of the consumer[89]. Market and Risk Management - The company continues to face challenges with trademark enforcement in certain parts of Asia[127]. - The company maintains a program of intensive monitoring of import restrictions and opportunities to minimize exposure to import-related risks[132]. - Market risk management strategies are discussed in the Annual Report on Form 10-K[422].

Financial Performance - Q1 comparable brand revenue increased by 3.4%, with net revenues of $1.73 billion compared to $1.66 billion in Q1 2024[1][16] - Operating margin for Q1 was 16.8%, down 230 basis points year-over-year, while diluted EPS was $1.85, reflecting a 7.0% decrease from the previous year[3][4] - Gross margin decreased to 44.3%, a decline of 360 basis points year-over-year, primarily due to lower merchandise margins and a prior year benefit from freight adjustments[4][16] - Net earnings for the thirteen weeks ended May 4, 2025, were $231,263 thousand, a decrease of 11.2% compared to $260,416 thousand for the same period in 2024[22] - Net cash provided by operating activities was $118,949 thousand, a significant decrease of 47.5% from $226,788 thousand in the same period last year[22] Inventory and Merchandise - Merchandise inventories rose by 10.3% year-over-year to $1.3 billion, as the company strategically pulled forward receipts to mitigate potential tariff impacts[4] - Merchandise inventories increased slightly to $1,335,356 thousand as of May 4, 2025, compared to $1,332,429 thousand as of February 2, 2025, reflecting a marginal increase of 0.2%[19] Shareholder Returns - The company maintained a strong liquidity position with $1.0 billion in cash and $119 million in operating cash flow, returning $165 million to shareholders through stock repurchases and dividends[4] - The company has $1.1 billion remaining under its stock repurchase authorization, indicating ongoing commitment to returning value to shareholders[4] - The company repurchased $89,971 thousand of common stock during the period, compared to $43,781 thousand in the previous year, indicating a significant increase in stock buybacks[22] Future Outlook - For fiscal 2025, the company expects annual net revenues to range from -1.5% to +1.5%, with comparable sales growth projected between flat to +3.0%[9] - The company reiterated its long-term guidance of mid-to-high single-digit annual net revenue growth and operating margins in the mid-to-high teens[9] - The company is focused on product innovation and customer service amidst macroeconomic uncertainties, expressing optimism for 2025[4] Asset and Liability Management - Total assets decreased to $5,157,315 thousand as of May 4, 2025, down from $5,301,607 thousand as of February 2, 2025, representing a decline of approximately 2.7%[19] - Cash and cash equivalents decreased to $1,047,181 thousand from $1,212,977 thousand at the beginning of the period, reflecting a decrease of 13.6%[22] - Total current liabilities decreased to $1,721,843 thousand as of May 4, 2025, down from $1,911,974 thousand as of February 2, 2025, a reduction of approximately 9.9%[19] - The company reported a decrease in accounts payable to $553,655 thousand as of May 4, 2025, down from $645,667 thousand as of February 2, 2025, a decline of approximately 14.2%[22] Retail Operations - The number of retail stores decreased to 508 as of May 4, 2025, down from 512 at the beginning of the quarter, indicating a net closure of 4 stores[20] - All brands reported positive comparable sales trends in Q1, with Williams Sonoma brand showing a 7.3% increase[3][16]