Joining us now is Wendy Cutler, vice president at the Asia Society Policy Institute. She's a former acting deputy at the US Trade Representatives Office and worked on negotiations including on the TPP deal and high level China talks. And Wendy, it's great to have you on the show.Welcome. Thank you. Um so, so let's start right there because we did see these deadlines for the cipal tariffs at least in terms of u the the companies for which these letters have gone out extended to August 1st.How much can get do ...

Trump said he'd impose reciprocal tariffs on dozens of trading partners. But after that announcement sparked market turbulence, the president changed course. He announced a 90-day pause on the implementation of those tariffs.Well, that pause is about to end on Wednesday. What do you expect to play out between now and July 9th or August 1st. What are we likely to get from the White House.I think what we're going to see if they release the deals at all, we're going to see how how basic they are, how broad the ...

Some breaking news out of the White House. Megan Cassella with the details out of the press briefing. Uh, Megan.Hey, Kelly. That's right. White House press secretary Caroline Levit is talking with reporters right now.And she just offered us the latest indication that that July 9th deadline for the so-called reciprocal tariffs on countries specific tariff rates that it might not be as firm as it once as we once thought. Here's what she said. The deadline is not critical.the president can simply uh provide th ...

Financial Data and Key Metrics Changes - The company reported total revenue of $474 million for the first quarter, an increase of approximately 4% year-over-year, driven by a 5% growth in comparable sales, marking the third consecutive quarter of positive comps [34][35] - Adjusted gross margin for the quarter was 46.7%, a decline of 90 basis points compared to the previous year, primarily due to a shift towards higher price point but lower margin products [35] - Adjusted earnings per share loss improved by $0.05 year-over-year, with an adjusted diluted loss per share of $2.05 for the quarter compared to a loss of $2.10 last year [38][42] Business Line Data and Key Metrics Changes - Journeys led the business with comparable sales up 8%, while Schuh saw a 1% increase, and Johnston and Murphy experienced a 2% decline in comps [34][35] - The company noted that all channels posted positive growth, with store comps improving by 5% and direct comps increasing by 7% [34][36] - Schuh's digital capabilities and e-commerce business remained a key channel, with digital sales growth outpacing store sales in Q1 [19] Market Data and Key Metrics Changes - The consumer environment was described as choppy, with consumers showing a willingness to shop during specific events like Valentine's Day and Easter, but retreating during quieter periods [5][6] - The UK consumer remains selective, impacting the footwear category and overall purchases [19] Company Strategy and Development Direction - The company is focused on diversifying its product offerings and strengthening its leadership in premium athletic footwear, with a significant increase in athletic sales contributing to overall growth [25][26] - The strategic growth plan for Journeys includes enhancing product assortments, improving customer experience through store remodels, and leveraging brand partnerships [24][29] - The company is actively mitigating tariff impacts by diversifying suppliers and sourcing from countries with lower tariffs, aiming to reduce dependence on China [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current trade environment and emphasized the importance of compelling footwear and freshness to motivate consumer purchases [8][9] - The company reaffirmed its full-year EPS guidance range of $1.30 to $1.70, despite acknowledging increased uncertainty in the external consumer environment [42][43] - Management highlighted the importance of the back-to-school and holiday shopping periods for driving sales and expressed optimism about the second half of the fiscal year [30][42] Other Important Information - The company ended the quarter with 1,256 total stores, having closed 26 stores and opened 4, resulting in a net reduction of 65 stores year-over-year [40] - Free cash flow for the quarter was negative $120 million, impacted by higher capital spending and inventory growth to meet consumer demand [39][40] Q&A Session Summary Question: Can you talk about the impacts of new athletic brand relationships on Q1 comps? - Management noted that existing brands drove the comp, but new brands like HOKA and Saucony had a positive impact, validating Journeys' position in lifestyle running [50][51] Question: How did the vulcanized product category perform? - Management acknowledged pressure on vulcanized products but stated that strength in other brands offset this pressure [53][54] Question: What are the expectations for Journeys in the back half of the year? - Management indicated that while they are lapping more difficult comparisons, they are optimistic about serving a broader market and continuing to strengthen product leadership [67][70] Question: How does the company view recent M&A activity in the footwear landscape? - Management expressed confidence in their positioning, focusing on lifestyle-driven offerings for the teen market, which differs from the performance-focused M&A activity [78][79] Question: What are the expectations regarding gross margins and price increases? - Management discussed the shift towards athletic products impacting margins but emphasized that they do not expect to absorb gross margin reductions due to tariffs [80][81]

Core Viewpoint - Industrial real estate stocks experienced significant declines due to tariff announcements but have shown a strong recovery since then [1] Group 1: Company Analysis - Prologis (PLD) is identified as the leading company in the industrial real estate sector, significantly impacted by President Trump's tariff announcements [1] - Despite the initial downturn, Prologis' stock has rebounded sharply, indicating potential for patient investors [1]

Richard Koo The first was the period up to the reciprocal tariff announcement on 2 April, which President Trump dubbed "Liberation Day"; the second was when markets plunged in response to the US announcement; and the third is the ongoing "ceasefire" brought about by subsequent policy adjustments. Free trade system under GATT was designed to allow some unfairness In the first phase, people in business and financial circles had prepared themselves for the announcement of significant reciprocal tariffs by Pres ...

The U.S. Stars and Stripes flag hangs on Whitehall with the figure of Lord Nelson on the top of his column in Trafalgar Square, on 3rd June 2019, in London England.Britain is reportedly set to sign a trade deal with the U.S., making it the first country to do so after the world's largest economy announced stiff "reciprocal" tariffs against friends and foes alike in April.The New York Times reported the development after U.S. President Donald Trump said on Wednesday night stateside that there will be a brief ...

Century Aluminum Company (CENX) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Ryan Crawford - Financial Planning & Analysis and IR ManagerJesse Gary - President, Chief Executive Officer & DirectorPeter Trpkovski - EVP, CFO & TreasurerJohn Tumazos - Owner and CEO Conference Call Participants Katja Jancic - AnalystNick Giles - Senior Research Analyst Operator Good afternoon. Thank you for attending today's Century Aluminum Company First Quarter twenty twenty five Earnings Conference Call ...

Century Aluminum Company (CENX) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 Good afternoon. Thank you for attending today's Century Aluminum Company First Quarter twenty twenty five Earnings Conference Call. My name is Micaiah, and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for your questions and answers at the end. At this time, I would like to pass the call over to our host, Ryan Crawford, Investor Relations. ...

Tigo Energy (TYGO) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Bill Roeschlein - Chief Financial OfficerZvi Alon - Chairman & CEO Conference Call Participants Eric Stine - Senior Research AnalystSameer Joshi - Senior Equity Research AnalystPhilip Shen - Managing Director, Senior Research AnalystNone - Analyst Operator Good afternoon. Welcome to TIGO Energy's Fiscal First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. Aft ...