Financial Performance - Net sales for Q3 fiscal 2025 increased by $113 million, or 3%, compared to Q3 fiscal 2024[84] - Gross profit for Q3 fiscal 2025 was $1.67 billion, with a gross margin of 42.4%, down from 42.7% in Q3 fiscal 2024[84] - Operating income for Q3 fiscal 2025 was $334 million, compared to $355 million in Q3 fiscal 2024[84] - Net income for Q3 fiscal 2025 was $236 million, down from $274 million in Q3 fiscal 2024[84] - Diluted earnings per share for Q3 fiscal 2025 was $0.62, compared to $0.72 in Q3 fiscal 2024[84] Sales and Inventory - Merchandise inventory as of Q3 fiscal 2025 increased by 5% compared to Q3 fiscal 2024[84] - Comparable sales for Old Navy Global increased by 6% in Q3 fiscal 2025, while Athleta Global saw a decline of 11%[91] Operating Expenses - Operating expenses for Q3 fiscal 2025 were $1.34 billion, representing 33.9% of net sales, up from 33.4% in Q3 fiscal 2024[100] - Cost of goods sold increased by 0.7 percentage points as a percentage of net sales in Q3 fiscal 2025, primarily due to tariff costs[99] Taxation - The effective income tax rate for Q3 fiscal 2025 was 30.0%, compared to 24.1% in Q3 fiscal 2024[84] - For the third quarter of fiscal 2025, the effective tax rate increased to 30.0% from 24.1% in the same quarter of fiscal 2024, primarily due to changes in jurisdictional earnings[104] - The increase in the effective tax rate for the first three quarters of fiscal 2025 was also influenced by less favorable impacts of stock-based compensation[105] Cash Flow and Liquidity - Net cash provided by operating activities decreased by $263 million during the first three quarters of fiscal 2025 compared to the same period in fiscal 2024, resulting in $607 million for fiscal 2025[110] - Free cash flow for the first three quarters of fiscal 2025 was $280 million, down from $540 million in the same period of fiscal 2024[115] - Net cash used for financing activities increased by $165 million in the first three quarters of fiscal 2025, primarily due to $152 million in common stock repurchases[111] - As of November 1, 2025, the company had cash and cash equivalents of $2.26 billion and short-term investments of $255 million[107] - The company has no borrowings under the ABL Facility as of November 1, 2025, indicating strong liquidity management[107] Dividends and Investments - The company paid a dividend of $0.165 per share during the third quarter of fiscal 2025 and authorized the same amount for the fourth quarter[116] - Net cash used for investing activities decreased by $249 million during the first three quarters of fiscal 2025, mainly due to $246 million fewer net purchases of short-term investments[110] Contractual Obligations - There have been no material changes to the company's contractual obligations and commercial commitments since the last annual report[118]

Financial Performance - Net sales for Q3 fiscal 2025 increased by $113 million, or 3%, compared to Q3 fiscal 2024[84] - Gross profit for Q3 fiscal 2025 was $1.67 billion, with a gross margin of 42.4%, down from 42.7% in Q3 fiscal 2024[84] - Operating income for Q3 fiscal 2025 was $334 million, compared to $355 million in Q3 fiscal 2024[84] - Net income for Q3 fiscal 2025 was $236 million, down from $274 million in Q3 fiscal 2024[84] - Diluted earnings per share for Q3 fiscal 2025 was $0.62, compared to $0.72 in Q3 fiscal 2024[84] Inventory and Sales Performance - Merchandise inventory as of Q3 fiscal 2025 increased by 5% compared to Q3 fiscal 2024[84] - Comparable sales for Old Navy Global increased by 6% in Q3 fiscal 2025, while Athleta Global saw a decline of 11%[91] Operating Expenses and Costs - Operating expenses for Q3 fiscal 2025 were $1.34 billion, representing 33.9% of net sales, an increase from 33.4% in Q3 fiscal 2024[100] - Cost of goods sold increased by 0.7 percentage points as a percentage of net sales in Q3 fiscal 2025, primarily due to tariff costs[99] Taxation - The effective income tax rate for Q3 fiscal 2025 was 30.0%, up from 24.1% in Q3 fiscal 2024[84] - Income tax expense for the third quarter of fiscal 2025 was $101 million, compared to $87 million in the same period of fiscal 2024, reflecting an effective tax rate increase from 24.1% to 30.0%[104] - The effective tax rate for the first three quarters of fiscal 2025 was 28.0%, up from 26.2% in the same period of fiscal 2024[105] Cash Flow and Liquidity - Net cash provided by operating activities decreased by $263 million in the first three quarters of fiscal 2025, totaling $607 million compared to $870 million in the same period of fiscal 2024[110] - Free cash flow for the first three quarters of fiscal 2025 was $280 million, down from $540 million in the same period of fiscal 2024[115] - Net cash used for financing activities increased by $165 million in the first three quarters of fiscal 2025, primarily due to $152 million in common stock repurchases[111] - As of November 1, 2025, the company had cash and cash equivalents of $2.26 billion and short-term investments of $255 million[107] - There were no borrowings under the ABL Facility as of November 1, 2025, indicating strong liquidity management[107] Dividends and Investments - The company paid a dividend of $0.165 per share during the third quarter of fiscal 2025 and authorized the same amount for the fourth quarter[116] - Net cash used for investing activities decreased by $249 million in the first three quarters of fiscal 2025, primarily due to $246 million fewer net purchases of short-term investments[110] Economic Factors - The company continues to monitor macroeconomic factors that may impact cash flows, including geopolitical instability and inflationary pressures[108]

Financial Performance - Net sales for the three months ended October 31, 2025, were $186.1 million, representing a $5.6 million or 3.1% increase from the prior year period[129]. - The Watch and Accessory Brands segment net sales for the same period were $162.7 million, an increase of $3.1 million or 1.9% compared to the prior year[130]. - In the licensed brands category, net sales increased by $7.0 million or 6.4%, while owned brands category net sales decreased by $4.3 million or 8.5%[130]. - U.S. net sales in the Watch and Accessory Brands segment were $54.2 million, up $2.6 million or 5.0% from the prior year[131]. - Net sales for the three months ended October 31, 2025, in the International locations of the Watch and Accessory Brands segment were $108.5 million, a 0.4% increase from the prior year, with a $3.4 million positive impact from foreign currency exchange rates[132]. - Net sales for the Company Stores segment for the three months ended October 31, 2025, were $23.4 million, representing a 12.2% increase from the prior year, driven by higher foot traffic and online sales[133]. - For the nine months ended October 31, 2025, net sales were $479.7 million, a 1.7% increase from the prior year, with foreign currency fluctuations positively impacting sales by $4.8 million[149]. - The Watch and Accessory Brands segment net sales for the nine months ended October 31, 2025, were $413.2 million, a 1.2% increase, with licensed brands up by $21.2 million, or 7.9%[150]. Profitability - Gross profit for the three months ended October 31, 2025, was $101.1 million, or 54.3% of net sales, an increase from 53.5% in the prior year, attributed to a favorable sales mix and reduced costs[134]. - Operating income for the Watch and Accessory Brands segment for the three months ended October 31, 2025, was $9.2 million, an increase of $4.4 million from the prior year, driven by higher gross profit and lower SG&A expenses[136]. - The Company recorded a net income attributable to Movado Group, Inc. of $9.6 million for the three months ended October 31, 2025, compared to $4.8 million in the prior year[146]. - Gross profit for the nine months ended October 31, 2025, was $260.0 million, or 54.2% of net sales, reflecting a slight increase in gross margin percentage from the prior year[154]. - Operating income in the Watch and Accessory Brands segment for the nine months ended October 31, 2025, was $9.0 million, an increase of $3.6 million from $5.4 million in the prior year, driven by a gross profit increase of $3.3 million[157]. - The Company recorded net income attributable to Movado Group, Inc. of $14.0 million for the nine months ended October 31, 2025, compared to $10.3 million in the prior year, reflecting an increase of $3.7 million[168]. Expenses and Cost Management - SG&A expenses for the three months ended October 31, 2025, were $89.3 million, a decrease of 1.4% from the prior year, primarily due to lower marketing and payroll expenses[135]. - SG&A expenses for the nine months ended October 31, 2025, were $243.9 million, a decrease of $0.1 million or 0.0% from the prior year, primarily due to lower marketing expenses of $8.2 million and a decrease in payroll-related expenses of $6.8 million[156]. - The Company recorded $4.6 million in accruals for severance and employee-related charges during fiscal year 2025 as part of a cost-savings initiative[124]. - The Company expects annual savings of approximately $10.0 million from the cost-savings initiatives[124]. Taxation - The effective tax rate for the three months ended October 31, 2025, was 25.3%, down from 31.9% in the prior year, influenced by changes in foreign currency gains and jurisdictional earnings[145]. - The effective tax rate was 29.5% for the nine months ended October 31, 2025, down from 32.8% in the prior year, influenced by changes in foreign valuation allowances and jurisdictional earnings[167]. Cash Flow and Investments - Cash and cash equivalents as of October 31, 2025, were $183.9 million, an increase from $181.5 million in the prior year, with $94.7 million held at foreign subsidiaries[169]. - Net cash provided by operating activities was $1.3 million for the nine months ended October 31, 2025, a significant improvement of approximately $41.9 million compared to net cash used of $40.6 million in the prior year[171]. - Cash used in investing activities was $6.3 million for the nine months ended October 31, 2025, a decrease from $11.9 million in the prior year, primarily due to capital expenditures related to Company stores[174]. - Cash used in financing activities was $25.4 million for the nine months ended October 31, 2025, compared to $27.0 million in the prior year, including $23.3 million in dividends paid[175]. - The Company declared and paid cash dividends of $23.3 million during the nine months ended October 31, 2025, consistent with the previous year[185]. - A share repurchase program authorized the Company to buy back up to $50.0 million of its common stock, with $48.4 million remaining available as of October 31, 2025[186]. Foreign Currency and Tariffs - Fluctuations in foreign currency exchange rates positively impacted net sales by $3.4 million for the three months ended October 31, 2025[129]. - The Company anticipates that tariffs will have a material impact on its U.S. operations despite mitigation efforts[123]. - The Company has implemented selective price increases in response to incremental tariffs, which include a 20% tariff on U.S. imports of China-origin goods[120][123]. - The Company manages foreign currency exchange risk through a hedging program, primarily involving the Swiss Franc, Euro, and British Pound[189]. - The Company did not hold any futures contracts in its gold hedge portfolio as of October 31, 2025, meaning changes in gold purchase prices will directly affect its cost of sales[194]. Other Financial Information - The One Big Beautiful Bill Act signed into law on July 4, 2025, is not expected to have a material impact on the Company's Consolidated Financial Statements[125]. - The Company recorded a non-cash impairment charge of $0.4 million related to a venture capital fund investment due to a decline in fair value[184]. - As of October 31, 2025, the Company's net forward contracts hedging portfolio included 28.0 million Swiss Francs and 37.4 million U.S. dollars equivalent, with a potential loss of $0.2 million if settled[193]. - The Company had no floating rate debt as of October 31, 2025, and reported no weighted average borrowings during the nine months ended October 31, 2025[195]. - The Company does not hedge interest rate risks and considers its exposure to commodity price fluctuations primarily related to gold used in manufacturing[194]. - The Company will continue to evaluate the carrying value of its investments regularly[184].

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Unaudited Condensed Interim Consolidated Financial Statements as of September 30, 2025, and for the three- month period ended as of that date, presented comparatively. Legal information Denomination: Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Fiscal year N°: 93, beginning on July 1, 2025 Legal address: Carlos Della Paolera 261, 9rd floor – Autonomous City of Buenos Aires, Argentina Company activity: ...

Financial Performance - Net sales for Q2 FY2026 decreased by $57.8 million, or 12.8%, to $394.6 million compared to the same quarter last fiscal year[3] - Net income for Q2 FY2026 was $6.1 million, or 1.5% of net sales, down from $27.7 million, or 6.1% of net sales, in the same quarter last fiscal year[3] - Adjusted EBITDA for Q2 FY2026 decreased by $20.6 million, or 34.1%, to $39.6 million, representing 10.0% of net sales, compared to 13.3% of net sales in the same quarter last fiscal year[3] - Year-to-date net sales for FY2026 decreased by $113.9 million, or 12.5%, to $797.7 million compared to the same period last fiscal year[5] - Year-to-date net income for FY2026 was $20.7 million, or 2.6% of net sales, down from $57.3 million, or 6.3% of net sales, in the same period last fiscal year[5] - Adjusted EPS per diluted share for Q2 FY2026 was $0.76, down from $2.08 in the same quarter last fiscal year[3] - Net income for the three months ended October 31, 2025, was $6,097,000, compared to $27,686,000 for the same period in 2024, reflecting a decrease of 78%[26] - Adjusted EBITDA for the six months ended October 31, 2025, was $81,878,000, down from $123,084,000 in 2024, representing a decline of 33.5%[26] - Net sales for the three months ended October 31, 2025, were $394,637,000, compared to $452,482,000 in 2024, indicating a decrease of 12.7%[26] - Free cash flow for the six months ended October 31, 2025, was $24,014,000, down from $30,141,000 in 2024, a reduction of 20.5%[32] - Adjusted net income for the three months ended October 31, 2025, was $11,170,000, compared to $32,048,000 in 2024, a decrease of 65.1%[30] - The net income margin for the three months ended October 31, 2025, was 1.5%, down from 6.1% in 2024[26] - Adjusted EBITDA margin for the three months ended October 31, 2025, was 10.0%, compared to 13.3% in 2024, reflecting a decline of 24.8%[26] Cash Flow and Liquidity - Cash provided by operating activities for the first six months of FY2026 was $44.3 million, with free cash flow totaling $24.0 million[8] - As of October 31, 2025, the Company had $52.1 million in cash and $315.2 million available under its revolving credit facility[7] Merger and Restructuring - The Company is focused on closing the merger transaction with MasterBrand, Inc. to expand its product portfolio and innovation capabilities[2] - The company incurred merger-related expenses of $6,484,000 for the three months ended October 31, 2025, related to the pending merger with MasterBrand, Inc.[28] - Restructuring charges for the three months ended October 31, 2025, totaled $1,458,000, associated with workforce reductions and facility closures[28] Tariff Impact - The estimated unmitigated tariff impact is approximately 4-4.5% of the Company's annualized net sales, varying by product category[2] Leverage Ratio - The company reported a net leverage ratio of 1.90 as of October 31, 2025, calculated as net debt of $318,719,000 divided by Adjusted EBITDA of $167,421,000[34]

Financial Performance - Preliminary full-year fiscal 2025 revenue is expected to be $1.6 billion, an increase of $40.8 million, or 2.6%, year-over-year[7] - Gross Comparable Store Sales are expected to increase by $116.9 million, or 7.5%, year-over-year[7] - Revenues from BNC First Day programs are expected to increase by $119.9 million, or 25.3%, year-over-year, with total enrollment reaching approximately 957,000 students, up 19.0% from the prior year[8] - Full-year fiscal 2025 net loss is expected to be in the range of $(68.0) to $(62.0) million, an improvement from the prior year's expected net loss of $(78.0) to $(72.0) million[8] - Adjusted EBITDA for fiscal 2025 is expected to range from $55.0 to $63.0 million, an increase of $15.0 to $29.0 million from the prior fiscal year[9] - Preliminary revenue for the first half of fiscal 2026 is expected to be approximately $933.0 million, an increase of approximately 7.8% year-over-year[11] - The company's preliminary net income for the first half of fiscal 2026 is expected to range from $3.0 to $8.0 million, an improvement of $62.0 to $73.0 million over the prior year's net loss[11] - Adjusted EBITDA for the first half of fiscal 2026 is expected to be in the range of $32.0 to $42.0 million, compared to $30.0 to $36.0 million in the prior year[12] - The company expects Adjusted EBITDA in fiscal 2026 to be in the range of $65 to $75 million, with a material reduction in interest costs compared to the previous fiscal year[16] Debt and Liquidity - Total debt at year-end is expected to be $103.1 million, a decrease from $196.3 million on April 27, 2024, with total net debt expected to be $94.0 million[10] - The company emphasizes the importance of maintaining adequate liquidity levels for ongoing inventory purchases and vendor payments[25] Risks and Challenges - The company is currently undergoing a financial restatement process, which may impact expected financial results[25] - There is a dependency on strategic service provider relationships, which could affect operational and financial stability[25] - The company faces risks from potential declines in college enrollment and decreased funding available for students[25] - Technological changes, including the adoption of artificial intelligence in educational content, are a significant factor for future operations[25] - The company operates in a competitive environment, with new risks emerging that could impact business outcomes[25] - Forward-looking statements reflect current views but are subject to various risks and uncertainties[25] - The company does not intend to update forward-looking statements after the date of the press release, except as required by law[26] - Interested parties are encouraged to review risk factors in the company's Annual Report on Form 10-K for the year ended May 3, 2025[26] Growth Expectations - Anticipated growth in the BNC First Day program is expected, although the pace of adoption may be slower than anticipated[25]

Financial Performance - Net sales for the third quarter of fiscal 2026 were $186.1 million, representing a 3.1% increase from $180.5 million in the same quarter of fiscal 2025[4] - Gross margin expanded by 80 basis points to 54.3% compared to 53.5% in the third quarter of fiscal 2025[4] - Operating income nearly doubled to $11.7 million from $6.0 million in the third quarter of fiscal 2025[4] - Diluted earnings per share (EPS) increased to $0.42, doubling from $0.21 in the third quarter of fiscal 2025[4] - For the first nine months of fiscal 2026, net sales increased by 1.7% to $479.7 million compared to $471.9 million in the same period of fiscal 2025[13] - Adjusted net income for the third quarter of fiscal 2026 was $10.2 million, or $0.45 per diluted share, compared to $8.5 million, or $0.37 per diluted share, in the prior year period[13] - Net income attributable to Movado Group, Inc. for the three months ended October 31, 2025, was $9,583,000, a significant increase from $4,827,000 in the prior year[24] - Net income for the nine months ended October 31, 2025, was $14,079 million, an increase from $10,751 million in 2024, representing a growth of approximately 30.5%[34] Cash and Debt Management - The company ended the quarter with cash of $183.9 million and no debt, providing a strong foundation for growth initiatives[5] - Cash and cash equivalents as of October 31, 2025, were $183,876,000, a decrease from $208,501,000 at the beginning of the year, indicating cash flow management challenges[32] - Cash, cash equivalents, and restricted cash at the end of the period totaled $184,684 million, slightly up from $182,301 million in the prior year[34] - The company experienced a net change in cash of $(24,530) million, an improvement from $(80,513) million in the previous year[34] - Cash and cash equivalents at the end of the period were $183,876 million, compared to $181,548 million in the previous year, indicating a slight increase[34] Sales Performance - U.S. net sales increased by 6.9% compared to the third quarter of fiscal 2025, while international net sales increased by 0.6%[13] - Total net sales for the nine months ended October 31, 2025, were $479,730,000, a 1.7% increase from $471,903,000 in the same period of 2024[26] - Net sales for the three months ended October 31, 2025, were $186,132,000, representing a 3.1% increase compared to $180,524,000 for the same period in 2024[24] Operating Efficiency - Total operating expenses for the three months ended October 31, 2025, were $89,331,000, slightly down from $90,597,000 in the previous year, indicating cost control measures[24] - Operating income increased to $11,725,000 for the three months ended October 31, 2025, compared to $6,033,000 for the same period in 2024, reflecting improved operational efficiency[24] Tax and Provision - The company reported a provision for income taxes of $3,275,000 for the three months ended October 31, 2025, compared to $2,365,000 in the prior year, reflecting higher taxable income[24] Capital Management - Capital expenditures decreased to $3,512 million from $6,368 million, indicating a reduction in investment spending[34] - Net cash used in investing activities was $6,297 million, down from $11,921 million, reflecting improved cash management[34] - Dividends paid remained relatively stable at $23,306 million compared to $23,319 million in the prior year[34] - Stock repurchases decreased to $1,594 million from $2,628 million, suggesting a more conservative approach to share buybacks[34] Economic Outlook - The company is not providing a fiscal 2026 outlook due to current economic uncertainty and unpredictable tariff impacts[16] - The company expects the recently announced trade agreement to reduce U.S. tariff rates on Swiss watches to 15%, significantly lower than previous rates[5] Asset Management - Total assets increased to $751,899,000 as of October 31, 2025, compared to $729,231,000 at the beginning of the year, reflecting growth in the company's asset base[32] Exchange Rate Impact - The effect of exchange rate changes resulted in a positive cash impact of $5,875 million, contrasting with a negative impact of $917 million in the previous year[34]

Financial Performance - Cash and cash equivalents were $102.6 million as of September 30, 2025, down from $132.2 million a year earlier, indicating a decrease of approximately 22.3%[12] - The net loss for the fourth quarter was $9.8 million, or $0.11 per share, compared to a net loss of $11.6 million, or $0.14 per share for the same quarter in fiscal 2024, showing an improvement of 15.9%[12] - The company reported a total operating loss of $51.4 million for the year ended September 30, 2025, compared to $52.9 million for the previous year, indicating a slight improvement of 2.8%[18] Expenses - Research and development expenses for the fourth quarter were $7.3 million, a decrease of 37.8% compared to $11.6 million in the same quarter of fiscal 2024[12] - General and administrative expenses for the quarter increased to $3.5 million, up from $2.7 million in the comparable quarter of fiscal 2024, representing a rise of 29.6%[12] - Total operating expenses for the fourth quarter were $10.8 million, down from $14.3 million in the same quarter of fiscal 2024, reflecting a decrease of 24.8%[12] Clinical Development - The company plans to advance ANAVEX®3-71 towards pivotal clinical studies for the treatment of schizophrenia-related disorders[4] - Anavex's clinical pipeline includes updates on regulatory and clinical trials for blarcamesine in early Alzheimer's disease, Parkinson's disease, and Rett syndrome[4] - Anavex intends to request a re-examination of the CHMP opinion regarding the Marketing Authorisation Application for blarcamesine, following a negative trend vote[12] Cash Position - The company has a current cash runway of more than 3 years based on its current cash utilization rate, with a cash balance of over $120 million as of now[12]

Financial Performance - Net sales for Q2 FY26 were $2.3 billion, an increase of $58.9 million, or 3%, with a 5% increase when excluding divestitures and foreign currency effects[4] - Net income per diluted share was $2.26, while adjusted earnings per share decreased by 24% to $2.10[4] - Cash provided by operations was $346.5 million, down from $404.2 million in the prior year, and free cash flow was $280.2 million compared to $317.2 million[10] - The company updated its full-year fiscal 2026 guidance, expecting net sales to increase by 3.5% to 4.5% compared to the prior year[12] - Adjusted earnings per share guidance is now set at $8.75 to $9.25, reflecting an increase in net sales and adjusted gross profit margin of approximately 35%[13] - Net income for the three months ended October 31, 2025, was $241.3 million, compared to a net loss of $24.5 million in the same period of 2024[25] - Adjusted earnings per share for the three months ended October 31, 2025, were $2.10, down from $2.76 in the same period of 2024[42] - Net income per common share (assuming dilution) is projected to be between $5.66 and $6.16 for the year ending April 30, 2026[44] - Adjusted earnings per share are expected to range from $8.75 to $9.25 for the same period[44] Segment Performance - U.S. Retail Coffee segment net sales increased by 21% to $848.9 million, driven by higher net pricing, although segment profit decreased by 24%[14] - U.S. Retail Frozen Handheld and Spreads segment net sales decreased by 5% to $461.1 million, with segment profit down by 12%[15] - U.S. Retail Pet Foods segment net sales decreased by 7% to $413.2 million, while segment profit increased by 2%[16] - Sweet Baked Snacks segment net sales decreased by 19% to $256.1 million, with segment profit down by 69%[18] - International and Away From Home segment net sales increased by 9% to $350.8 million, with segment profit increasing by 12%[19] - U.S. Retail Coffee segment net sales increased to $848.9 million, up 20.5% from $704.0 million year-over-year[33] - The U.S. Retail Pet Foods segment reported net sales of $413.2 million, a decrease of 7.2% from $445.4 million in the prior year[33] Operational Metrics - Gross profit decreased by 2% to $869.9 million for the three months ended October 31, 2025, compared to $886.1 million in the prior year, resulting in a gross margin of 37.3%[25] - Operating income increased by 147% to $418.5 million for the three months ended October 31, 2025, compared to $169.7 million in the same period of 2024[25] - Total segment profit decreased to $479.0 million for the three months ended October 31, 2025, down from $578.8 million in 2024, reflecting a decline of 17.2%[33] - Adjusted operating income for the three months ended October 31, 2025, was $394.3 million, a decrease of 19.6% compared to $490.6 million in 2024[40] - The gross profit margin for the three months ended October 31, 2025, was 33.9%, down from 38.7% in 2024[40] - The company reported a 14% increase in the cost of products sold for the six months ended October 31, 2025, totaling $3,098.8 million compared to $2,713.0 million in the prior year[25] Cash Flow and Assets - Free cash flow for the three months ended October 31, 2025, was $280.2 million, compared to $317.2 million in 2024, indicating a decrease of 11.6%[42] - Cash and cash equivalents at the end of the period were $62.8 million, compared to $49.2 million at the end of the same period in 2024[29] - Total assets as of October 31, 2025, were $17,628.3 million, an increase from $17,563.3 million as of April 30, 2025[27] - Current liabilities decreased to $2,626.4 million as of October 31, 2025, from $2,652.0 million as of April 30, 2025[27] Strategic Initiatives - The company is focused on integrating Hostess Brands' operations and achieving financial forecasts related to this acquisition, which may impact future performance[21] - A non-recurring pre-tax settlement charge of $0.32 per share is anticipated due to the termination of a U.S. defined benefit pension plan[45] - The change in net cumulative unallocated derivative gains and losses is projected to be $0.72 per share, but future projections are uncertain due to market conditions[44]

Sales Performance - DICK'S Business reported a comparable sales growth of 5.7% in the third quarter, driven by increases in both average ticket and transactions [2]. - The company raised its full-year 2025 guidance for comparable sales growth to a range of 3.5% to 4.0%, up from the previous range of 2.0% to 3.5% [6]. - DICK'S Business achieved comparable sales growth of 5.7% for the 13 weeks ended November 1, 2025, compared to 4.3% for the same period in 2024 [21]. - Net sales for the 13 weeks ended November 1, 2025, were $4,167,773, a significant increase from $3,057,181 for the same period in 2024, representing a growth of 36.3% [34]. - For the 39 weeks ended November 1, 2025, net sales reached $10,989,066, up from $9,549,200 in 2024, marking an increase of 15.0% [36]. Financial Guidance - DICK'S Business earnings per diluted share guidance for 2025 was increased to a range of $14.25 to $14.55, up from $13.90 to $14.50 [6]. - DICK'S Business expects earnings per diluted share for full year 2025 to be between $14.25 and $14.55, based on approximately 81 million diluted shares outstanding [16]. - Net sales for DICK'S Business are projected to be between $13.95 billion and $14.0 billion, with comparable sales growth estimated at positive 3.5% to positive 4.0% [16]. Acquisitions and Expansion - The company completed the acquisition of Foot Locker for a total consideration of $2.5 billion, which included $2.1 billion in share consideration [12]. - DICK'S Sporting Goods opened 13 new House of Sport locations and 6 new DICK'S Field House locations during the third quarter [6]. - The company initiated a review of unproductive assets, expecting future pre-tax charges of $500 to $750 million related to the Foot Locker acquisition [14]. Financial Results - The company reported net sales of $4.168 billion for the third quarter, a 36.3% increase from $3.057 billion in the prior year [8]. - DICK'S Business net income for the third quarter was $226 million, a slight decrease of 1% compared to $228 million in the prior year [8]. - Total gross profit for DICK'S Sporting Goods for the 39 weeks ended November 1, 2025, was $3,682.9 million, up from $3,464.4 million in the same period last year [21]. - DICK'S Sporting Goods reported a business profit of $288.6 million for the 13 weeks ended November 1, 2025, compared to $289.5 million for the same period in 2024 [21]. - Net income for the 13 weeks ended November 1, 2025, was $75,212, down from $227,813 in the same period last year, reflecting a decline of 66.9% [34]. - The company reported an income from operations of $93,097 for Q3 2025, a decrease of 67.5% from $286,044 in Q3 2024 [34]. Expenses and Liabilities - Selling, general and administrative expenses increased to $1,118,600, representing 26.84% of net sales, compared to 25.86% in the prior year [34]. - Total current liabilities rose to $4.68 billion in November 2025, compared to $3.22 billion in November 2024, marking an increase of 45.4% [38]. - Long-term debt and financing lease obligations increased to $1.90 billion in November 2025, up from $1.48 billion in November 2024, reflecting a rise of 28.2% [38]. Cash Flow and Capital Expenditures - Cash and cash equivalents decreased by 44% to $821 million compared to $1.459 billion in the prior year [9]. - The company experienced a net cash provided by operating activities of $487.3 million, down from $680.3 million in the previous year, a decrease of 28.4% [40]. - Capital expenditures for DICK'S Business are anticipated to be approximately $1.2 billion on a gross basis and $1.0 billion on a net basis [16]. - Capital expenditures for the 39 weeks ended November 1, 2025, were $793.3 million, an increase of 40.3% compared to $565.6 million in the prior year [40]. Tax and Margins - The effective tax rate for consolidated Q4 2025 is projected to be approximately 29% [18]. - Gross profit margin decreased to 33.13% in Q3 2025 from 35.77% in Q3 2024, indicating rising costs in goods sold [34]. - The company reported a gross profit margin of 33.13% for the 13 weeks ended November 1, 2025 [42]. Non-GAAP Measures - The company reported a non-GAAP net income of $180.6 million for the 13 weeks ended November 1, 2025, translating to diluted earnings per share of $2.07 [42]. - The non-GAAP net income for the same period was $810,062, with earnings per diluted share at $9.74 [43]. - The company’s provision for income taxes for non-GAAP adjustments was calculated at 26%, reflecting the consolidated blended tax rate [45].