Core Viewpoint - Weyco Group, Inc. reported a decline in financial performance for the first quarter of 2025, with net sales down 5% compared to the same period in 2024, primarily due to lower sales across major brands and reduced consumer spending on non-athletic footwear [3][11]. Financial Performance - Net sales for the first quarter of 2025 were $68.0 million, down from $71.6 million in Q1 2024 [11]. - Gross earnings as a percentage of net sales were 44.6%, slightly down from 44.7% in Q1 2024 [11]. - Earnings from operations decreased by 15% to $7.0 million compared to $8.3 million in Q1 2024 [11]. - Net earnings fell by 17% to $5.5 million from $6.7 million in the previous year [11]. - Diluted earnings per share decreased to $0.57 from $0.69 in Q1 2024 [11]. Segment Performance North American Wholesale Segment - Wholesale net sales were $54.3 million, a 4% decrease from $56.2 million in Q1 2024 [3]. - Florsheim's sales increased by 7% due to new product launches, but this was offset by declines in other brands: Stacy Adams down 7% and Nunn Bush down 16% [3]. - Wholesale operating earnings decreased by 10% to $6.6 million from $7.4 million in 2024 [4]. North American Retail Segment - Retail segment net sales were $8.7 million, down 12% from $9.8 million in 2024 [5]. - Retail operating earnings fell by 52% to $0.6 million from $1.3 million in the previous year [6]. Other Operations - Florsheim Australia reported net sales of $5.1 million, down 7% from $5.5 million in Q1 2024, impacted by a weaker Australian dollar [8]. - In local currency, net sales in Australia increased by 6%, with higher sales in both wholesale and retail [8][9]. Tariff Impact - The effective total tariff rate on goods sourced from China has risen to 161% from 16% in 2024, which may significantly increase future costs of goods sold [10]. - The company has negotiated cost reductions with several Chinese suppliers to mitigate the impact of these tariffs [10][12]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.27 per share, a 4% increase from the previous rate of $0.26 [14]. Conference Call - A conference call is scheduled for May 7, 2025, to discuss the first quarter 2025 financial results in detail [15].

Financial Data and Key Metrics Changes - The company reported net income of $119 million or $1.98 per diluted share, an increase from $99.3 million or $1.75 in the same period last year [4][10] - Revenues increased by approximately $52 million from new rates and $2 million from continued customer growth [10] - First quarter O&M expenses were approximately 2% higher than the first quarter last year, with a projected 4% CAGR in O&M expenses across the five-year plan [10][52] Business Line Data and Key Metrics Changes - The company completed $178 million worth of capital projects this quarter, consistent with the same period last year [14] - Nearly 8,000 new meters were installed through April, driven by new housing developments, particularly in major metropolitan areas in Texas and Oklahoma [16] Market Data and Key Metrics Changes - Weather across service territories was 5% colder than normal and 16% colder than the first quarter last year, contributing to strong customer demand [9] - The company expects to achieve the upper half of its stated guidance ranges, including net income of $254 million to $261 million and earnings per diluted share of $4.20 to $4.32 [9] Company Strategy and Development Direction - The company aims for an earnings per share CAGR of approximately 6% through 2029, with reduced capital intensity and related funding needs [6] - The company is focused on growth opportunities in power generation and system reinforcement, particularly in response to new housing demands [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in expense management and the ability to remain insulated from material tariff impacts through 2025 [5][39] - The company remains committed to safely and reliably delivering natural gas to customers, supported by a highly engaged workforce [7] Other Important Information - The Board of Directors declared a dividend of $0.67 per share, unchanged from the previous quarter [11] - The company is actively monitoring legislative developments that could impact gas investments in Texas [26][27] Q&A Session Summary Question: O&M expense sustainability in an inflationary environment - Management noted that while O&M expenses have come in lower than expected, they remain cautious about future trends due to labor market influences [22][24] Question: Impact of Texas legislation on capital spending - Management indicated that proposed legislation could enhance recovery rates but would not significantly alter capital spending plans [26][29] Question: Factors driving guidance increase - The increase in guidance was attributed to strong customer demand, growth in the customer base, and better-than-expected cost management [35] Question: Weather impact on working capital - Management confirmed that strong demand due to weather has increased working capital needs, but they expect some relief as they move into warmer months [46] Question: Future of the in-sourcing program - The in-sourcing program will continue, with ongoing evaluations to identify further opportunities for efficiency [48][49] Question: O&M expense expectations for the year - Management anticipates O&M expenses will align with the 4% growth target, factoring in employee costs and efficiency gains [52][53]

Core Insights - Wendy's is anticipating financial pressure on customers for the remainder of the year, leading to a focus on value offerings to attract diners after a 2.1% decline in same-store sales [1][2] - The company is launching new initiatives such as Frosty Fusions and a "100 Days of Summer" program to drive traffic and enhance customer engagement [2] - Technological investments are being made to improve customer experience, including enhancements to the mobile app, loyalty program, and digital menu boards [3] Technological Enhancements - Wendy's is collaborating with Palantir to improve its supply chain through a digital twin that tracks the supply chain network in real time across 3,500 transportation units [4] - The digital twin system alerts Wendy's to potential stock shortages and helps manage raw material orders efficiently [5] - An example of the system's effectiveness is its ability to resolve a network-wide shortage of 10,200 cases of syrup in five minutes, a task that previously required extensive manual effort [6]

Financial Data and Key Metrics Changes - The company reported a core sales decline of 2.1%, which was at the high end of the guidance range, reflecting new product innovation and some pricing benefits [26][32] - Normalized gross margin increased by 150 basis points to 32.5%, marking the seventh consecutive quarter of year-over-year improvement [27][32] - Normalized operating margin was 4.5%, exceeding the guidance range despite increased advertising and promotion investments [32][33] - The company recorded a normalized diluted earnings per share loss of $0.01, which was $0.05 to $0.08 above the guidance range [33] Business Line Data and Key Metrics Changes - The Learning and Development segment and the International business, which represent nearly 40% of total sales, posted positive core sales growth for five consecutive quarters [26][32] - The first quarter net sales included about 2.5 points of currency headwind and just over half a point from category exits [27][32] Market Data and Key Metrics Changes - Over 60% of total sales were in the United States, with significant investments made in U.S. manufacturing, totaling nearly $2 billion since the 2017 Tax Cuts and Jobs Act [12][13] - The company plans to reduce U.S. sourced finished goods from China to 10% by the end of 2025 [11] Company Strategy and Development Direction - The company is focused on product innovation and has rebuilt its multiyear innovation funnel, with new products set to launch in the second half of the year [7][25] - The strategy includes leveraging U.S. manufacturing capabilities to mitigate tariff impacts and capitalize on competitive advantages [14][25] - The company is actively pursuing sales opportunities in categories where it has domestic production exempt from tariffs [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the dynamic operating environment and emphasized the potential for long-term gains despite short-term challenges [25][44] - The company is maintaining its net sales guidance for the year but moderating expectations for category growth from flat to down 1% to 2% due to lower consumer confidence [16][41] - Management highlighted that the number of categories with domestic production significantly exceeds those that are disadvantaged by tariffs [25][86] Other Important Information - The company has paused virtually all outstanding Chinese purchase orders in response to the new tariffs and is focusing on alternative sourcing solutions [22][23] - A significant portion of the baby gear business is exposed to tariffs, with management actively working on mitigation strategies [55][56] Q&A Session Summary Question: Retail destocking and tariff mitigation efforts - Management noted that core sales growth was at the high end of guidance and that they have not seen significant changes in retailer inventory levels in Q1 [50][52] - They have taken proactive actions to mitigate tariffs, particularly in the baby gear category, which is their most exposed segment [53][54] Question: Leveraging U.S. manufacturing capacity - Management clarified that they are not set up for private label production but are encouraging retailers to replace private label products with their branded products [63][64] Question: Guidance and market growth expectations - Management acknowledged the challenges in forecasting market growth but emphasized that the majority of their business is not significantly impacted by tariffs [84][86] Question: Sensitivity of China tariffs and impacts - The majority of the tariff impact is concentrated in the baby gear category, which is primarily sourced from China [93]

Financial Data and Key Metrics Changes - Subscription revenue for Q4 FY 2025 was $133 million, slightly above the guidance range of $131 to $134 million, but a year-over-year decline of 1% was noted. On a constant currency basis, the decline was only 0.5% [33] - Total revenue for Q4 FY 2025 was $152.7 million, reflecting a decline of 3.6% year-over-year. For the full fiscal year, total revenue was $607.7 million, a decrease of 4.2% compared to the previous year [34][35] - The net loss for Q4 FY 2025 was $268.5 million, which included a noncash goodwill impairment charge of $245 million. The full fiscal year net loss was $725.8 million, also impacted by goodwill impairment charges [38] Business Line Data and Key Metrics Changes - Professional services revenue in Q4 FY 2025 was $19.7 million, a year-over-year decline of 18.3%. For the full fiscal year, professional services revenue was $79.7 million, down 18.4% [34] - Subscription bookings in Q4 FY 2025 were the highest quarterly total since the end of FY 2023, indicating positive momentum in the go-to-market strategy [22][27] Market Data and Key Metrics Changes - E2Open's global trade application suite is positioned as a critical asset for clients navigating tariff volatility, with significant updates made to the global trade content database [17][18] - The company reported that its end-to-end platform reached over half a million interconnected supply chain partners, the highest number in its history [12] Company Strategy and Development Direction - The company is focused on improving client retention, enhancing the client experience, and laying the groundwork for durable growth, with a commitment to long-term value creation [6][7] - E2Open is investing in product innovation, particularly in artificial intelligence and machine learning, to enhance its software capabilities and maintain competitive advantage [14][15] - The strategic review initiated last year is ongoing, with no further comments provided during the call [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning for sustainable growth, citing improvements in retention and subscription bookings momentum [43] - The company expects FY 2026 subscription revenue to range from $525 million to $535 million, indicating a potential return to positive growth [39][40] Other Important Information - The company has made significant progress in reducing customer support backlog by over 60% and improving client satisfaction metrics [6][10] - Adjusted EBITDA for Q4 FY 2025 was $56.3 million, reflecting a margin of 36.9%, with continued strong margins indicating operational efficiency [36][37] Q&A Session Summary Question: Fiscal year 2026 revenue guidance and subscription side linearity - Management indicated that subscription revenue guidance reflects a conservative approach, expecting steady improvement similar to FY 2025 [49][50] Question: Professional services growth confidence - Management noted a conservative view on professional services revenue but highlighted improvements in bookings and backlog [50] Question: Investments in product and commercial business - Management discussed targeted investments in product differentiation and client-specific data platforms to enhance service delivery [51][53] Question: Customer conversations regarding global trade - Management emphasized the importance of supporting clients through tariff complexities and the potential for future opportunities as conditions stabilize [61][64] Question: Demand environment in trucking and freight - Management reported stable conditions in both road and ocean transportation without significant shifts [66] Question: Factors driving first quarter subscription revenue guidance down - Management explained that higher churn is expected in Q1 due to elevated renewals, which is a seasonal trend [70] Question: Willingness to invest in Salesforce structure and headcount - Management confirmed a commitment to invest in client-facing organizations, including commercial and product teams [72] Question: Legacy customer satisfaction and churn normalization - Management indicated that they are in the process of addressing past issues and expect to normalize churn levels in the coming quarters [77][80]

Financial Data and Key Metrics Changes - The company achieved 8% organic sales growth and 120 basis points of segment margin expansion, with strong contributions from each business segment [7][34] - Adjusted sales reached $20.3 billion, up 5% overall and 8% organically, with adjusted earnings per share of $1.47, reflecting a 10% increase from the prior year [34][35] - Free cash flow improved by over $900 million compared to the previous year, totaling $792 million in the quarter [7][35] Business Line Data and Key Metrics Changes - Commercial aftermarket sales increased by 21%, while commercial OE sales rose by 3% and defense sales grew by 4% [8] - Collins reported sales of $7.2 billion, up 8% adjusted and 9% organically, driven by commercial aftermarket and defense strength [37] - Pratt & Whitney's sales reached $7.4 billion, up 14% on both adjusted and organic bases, with commercial aftermarket sales up 28% [40] - Raytheon's sales were $6.3 billion, down 5% adjusted but up 2% organically, driven by higher volume in land and air defense systems [42] Market Data and Key Metrics Changes - The company exited the quarter with a backlog of $217 billion, an 8% year-over-year increase, including $125 billion in commercial orders and $92 billion in defense awards [28] - The European Union has proposed an additional $850 billion in defense spending over the next four years, which aligns with the company's core capabilities [30] Company Strategy and Development Direction - The company is focused on executing commitments, innovating for future growth, and leveraging its breadth and scale [31] - Significant investments in the U.S. industrial base are planned, with nearly $10 billion invested over the last five years and an additional $2 billion planned for this year [17][18] - The company is well-positioned to capitalize on increased global defense budgets and has strong international co-production agreements [30] Management's Comments on Operating Environment and Future Outlook - The management highlighted a dynamic operating environment but expressed confidence in the company's strong product portfolio and backlog [28][46] - The company is closely monitoring changes in the global trade environment and is implementing various mitigations to address tariff impacts [27][21] - Management remains optimistic about continued strong demand in both commercial and defense sectors, despite potential uncertainties [29][30] Other Important Information - The company has made significant progress on future franchises, including the GTF Advantage and the LTAMS program, which are expected to enhance market competitiveness [12][14] - The company is actively working to mitigate tariff impacts through various strategies, including pricing adjustments and operational changes [27][21] Q&A Session Summary Question: Opportunities from European rearmament efforts - Management sees significant opportunities for Raytheon due to increased defense spending in Europe, with expectations of a book-to-bill ratio of 1.0 or more [55][56] Question: Clarification on tariff impacts - The $850 million estimate is net of mitigations, and the company has strategies in place to manage costs and pricing in response to tariffs [61][62] Question: Supply chain disruptions and China strategy - Management is focused on maintaining supply chain stability and is developing multiple sourcing strategies to mitigate risks associated with tariffs and disruptions [70][73] Question: NGAP program progress - The company received a $550 million award for the NGAP program and is pleased with the testing progress and customer feedback [78] Question: Operational impacts from SPS fire - Management is optimistic about avoiding notable impacts from the SPS fire by working closely with alternative suppliers [82] Question: Procurement reform implications - The company supports efforts to streamline procurement processes, which could enhance contract award timelines and reduce risks [114]

Financial Data and Key Metrics Changes - Revenue growth for Q4 2024 was reported at 19.7% compared to Q4 2023, driven by balanced performance across the portfolio, particularly from rare and orphan therapies [14][17] - Gross profit increased by 8.6% year-over-year, with adjusted EBITDA for Q4 reaching $121.6 million, reflecting a growth of almost 9% [16][17] - Adjusted earnings per share for Q4 was $0.44, representing a 15.8% increase year-over-year, while full-year adjusted earnings per share was $1.58, showing over 10% growth [17][18] Business Line Data and Key Metrics Changes - The acute therapy segment experienced high single-digit growth despite earlier supply chain disruptions, with significant improvements noted throughout the quarter [15][20] - The company reported a notable contribution from its rare and orphan therapies, which are part of its limited distribution portfolio [7][14] Market Data and Key Metrics Changes - The company has established a footprint of over 175 infusion locations, including 15 sites with advanced practitioner capabilities, enhancing its service offerings [11][70] - The competitive landscape has shifted, with some larger competitors exiting the market, allowing the company to capture additional market demand [20][22] Company Strategy and Development Direction - The company aims to continue investing in its national integrated network of compounding pharmacies and infusion suites to ensure high-quality care [9][12] - The acquisition of IntraMed Plus is expected to enhance the company's capabilities and expand its market presence, particularly in the Southeastern United States [10][46] - The focus remains on deploying capital through both accretive acquisitions and share repurchases to create long-term shareholder value [12][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the challenges posed by the supply chain and the impact of therapy portfolio dynamics, particularly regarding Stelara [12][13] - The company anticipates continued earnings growth in 2025 despite a projected gross profit reset due to less favorable economics for Stelara [12][19] Other Important Information - The company has opened two new state-of-the-art compounding pharmacies in New York City and Tampa to enhance local responsiveness and capacity [9][66] - The company exhausted its prior share repurchase authorization, repurchasing $90 million in shares during the quarter, and has approved a new $500 million authorization [11][12] Q&A Session Summary Question: Acute therapy growth and competition - Management noted improvements in supply chain dynamics and expressed confidence in capturing market demand despite competitive shifts [20][21] Question: Adjusted EPS growth and long-term algorithm - Management indicated that adjusted EPS growth is expected to outpace adjusted EBITDA growth due to share repurchase efforts and capital deployment strategies [24][26] Question: Q1 seasonality and guidance - Management acknowledged typical early Q1 disruptions but indicated a stable revenue base due to a higher proportion of chronic therapies [34][35] Question: STELARA impact and patient support - Management confirmed ongoing support for complex STELARA patients while reallocating resources to maintain growth initiatives [36][37] Question: IntraMed acquisition and margins - Management expressed optimism about improving IntraMed's margins through integration and leveraging existing capabilities [44][45] Question: M&A strategy and market conditions - Management stated that they are not capital constrained and are actively pursuing M&A opportunities that provide strategic value [48][50] Question: Labor costs and recruitment - Management reported a strong position in recruiting and retaining talent, with effective strategies in place to manage labor costs [58][59] Question: Payer negotiations and Medicare Advantage - Management highlighted constructive relationships with payers and emphasized the value provided in managing total cost of care [86][87]

As filed with the U.S. Securities and Exchange Commission on February 18, 2025. Registration No. 333-284245 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ AMENDMENT No.1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ______________________________________ MARWYNN HOLDINGS, INC. Yin Yan Chief Executive Officer c/o Marwynn Holdings, Inc. 12 Chrysler Unit C Irvine, CA 92618 949-706-9966 (Name, Address, Including Zip Code, and T ...

Business Model & Growth Strategy - Mixue's average transaction value is less than 8 yuan, but annual revenue exceeds 10 billion yuan [1] - Mixue has 36,000 chain stores globally, ranking fourth worldwide, surpassing many established brands [2][17] - The company focuses on the market below 10 yuan, establishing a unique presence through affordability [3] - Mixue achieved rapid growth by building its own warehousing and logistics center, offering free transportation to franchisees [15][16] - By the end of 2020, the number of stores exceeded 10,000, and by the end of 2021, it exceeded 20,000 [16] Supply Chain Management - Mixue was one of the first in the milk tea industry to build its own central factory in 2012 [12] - The company reduces costs by building factories in the place of origin, such as Snow King Agriculture in Anyue County, Sichuan, for Eureka lemons [13][14] - Upstream ingredients cover 35 countries, including milk from New Zealand, cocoa from Ghana, and cheese from Denmark [16] - 98% of Mixue's revenue in the first three quarters of 2023 (over 15 billion yuan) comes from sales of goods and equipment to franchisees [18] Brand Building & IP Strategy - Mixue created the Snow King IP to build brand perception, avoiding celebrity endorsements [24] - In 2019, they designed a theme song for Snow King, which became popular with over 30,000 stores playing it [25] - Mixue launched an animation called Snow King Arrives, with views exceeding 200 million and a rating of 9.9% on Bilibili [25] - The company established Snow King Loves Animation to further develop its IP through movies, performances, and cultural communication [27][33] Market Position & Future Challenges - Mixue is the largest ready-made tea drink in the Southeast Asian market [17] - The company's cooperation model with franchisees, selling products without sharing profits, may need to be adjusted for long-term development [20][21] - Challenges include expanding into developed countries and maintaining its leading position in the competitive milk tea industry [35]

FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNEXA SPORTS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) As Filed with Securities and Exchange Commission on November 8, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Copies to: Joseph M. Lucosky, Esq. Seth A. Brookman, Esq. Lucosky Brookman LLP 101 Wood Avenue South, 5th Floor Woodbridge, New Jersey 08830 Tel: (732) 395-4402 Approximate date of commencement o ...