[Applause] If you only had seconds to save a friend's life, how innovative could you be? Growing up in Michigan, I love to go exploring in the woods behind our house. And one particular day, I went on a walk with my friend Jeremy looking for some turtles. Now, we were 9 years old and we decided to go exploring the woods. And as we're walking around, we came across a ravine. Now, a a ravine is just a large gully. It's got uh dirt walls that are 75 ft high on each side and a large chasm in between. And I thou ...

RT s4mmy (@S4mmyEth)Happy Fri-DeAI!- Eye-watering capital raises- Fresh prediction market agents and- The first sovereign AI phoneInnovation is ramping up; here's a roundup of the DeAI news in the past few days🧵(1/11) https://t.co/98dJuA6MAm ...

Financial Performance & Guidance - Lululemon's earnings guidance came in well below estimates, marking the second guidance cut this year [1][2] - The company attributes the updated guidance to the impact of tariffs and the unexpected removal of the *de minimis* exception [2][3] Impact of Tariffs & *De Minimis* - The removal of the *de minimis* exception significantly impacted Lululemon, as two-thirds of online orders (majority under $800) were previously shipped from a Canadian facility without tariffs [4] - Lululemon is adjusting its distribution network in response to tariffs, a change considered a paradigm shift for the industry [4][5] - The company is exploring vendor partnerships for cost reductions, internal cost reduction measures, and strategic pricing adjustments to mitigate tariff impacts [5][6] - Some price increases on apparel are expected due to tariffs, implemented strategically based on elasticity modeling [6] North American Market Performance - Growth has stalled in the key North American market, particularly in the US [9] - Underperformance in the US is attributed to product issues, specifically in lounge and social categories, due to a lack of newness and innovation in core franchises [10][14] - Lululemon acknowledges the need to update product assortment, color, and style to better engage guests [10] Competition & Market Share - While consumer spending is down in apparel, activewear, and premium activewear, Lululemon claims to have gained market share in the premium activewear category in Q2 [13] - The company acknowledges competition from brands like Alo Yoga and Viori but believes it can win by delivering innovation [13][14] Future Strategy & Innovation - Lululemon hired a new lead creative director a year ago to energize the product playbook and drive innovation [15] - The company anticipates a shift towards more new styles, increasing from an average of 23% of the mix to 35% next year, expecting a turnaround [16] - Lululemon is confident in new styles and expects them to resonate with guests, with exciting new products coming next year [18]

Happy Fri-DeAI!- Eye-watering capital raises- Fresh prediction market agents and- The first sovereign AI phoneInnovation is ramping up; here's a roundup of the DeAI news in the past few days🧵(1/11) https://t.co/98dJuA6MAm ...

Thank you for incredible leadership uh including getting this group together. Thank you, Bill. That was very nice.Thank you so much for getting us all together and thank you for being such a pro business pro innovation president. It's a very refreshing change. We're very excited to see what you're doing to make all of our companies and our our entire country so successful.It's incredible to be among uh everyone here, particularly you and the first lady. Uh I've always enjoyed having dinner and interacting. ...

Financial Data and Key Metrics Changes - Net sales in Q1 were $29.7 million, a decrease of 28.7% compared to $41.6 million in Q1 last year [14] - On a six-month basis, net sales for Q4 and Q1 combined increased by 4.2% compared to the same period last year [14] - Gross margin for Q1 was 46.7%, up 130 basis points compared to Q1 last year [17] - GAAP EPS for Q1 was a loss of $0.54 compared to a loss of $0.18 last year, while non-GAAP EPS was negative $0.26 compared to $0.06 in Q1 last year [18] Business Line Data and Key Metrics Changes - Traditional channel net sales decreased by 24.4% in Q1, while e-commerce net sales decreased by 35.2% compared to last year [14] - Net sales in shooting sports decreased by 25.1%, and outdoor lifestyle net sales decreased by 31.6% over Q1 last year [16] - Domestic net sales decreased by roughly 25%, while international net sales decreased by 58.2% or $2.6 million compared to Q1 last year [16] Market Data and Key Metrics Changes - Purchasing activity from retailers in Q1 reflected replenishment cycles that were turned on and off on a retailer-by-retailer basis [9] - E-commerce channel underperformed in Q1 due to lower order flow from a large e-commerce retailer adjusting its purchasing patterns [10] Company Strategy and Development Direction - The company emphasizes consumer-driven innovation and adapting to a shifting environment to strengthen brand equity and long-term growth [5][6] - An expanded partnership with Major League Fishing aims to enhance recurring subscription revenue and product introductions [11] - The company plans to introduce new products at the upcoming Shot Show in January, focusing on innovation to fuel growth [12] Management's Comments on Operating Environment and Future Outlook - The current environment is characterized by evolving tariff impacts and macroeconomic uncertainty, similar to FY2023 [6][22] - Management expects a year-over-year decline in net sales for Q2 of approximately 15% but remains optimistic about the overall year due to strong POS performance and new product launches [23][24] - The company is focused on maintaining gross margins and controlling costs while supporting long-term growth initiatives [24] Other Important Information - The company ended the quarter with $17.8 million in cash and no debt, maintaining a strong balance sheet [19] - Inventory increased by $21.1 million in the quarter, primarily for seasonal inventory build and tariff-related adjustments [20] Q&A Session Summary Question: Is there still excess tariff-related inventory at retail partners? - Management indicated that while some inventory was accelerated into the prior quarter, it would not be classified as excess [26] Question: How much pricing have you taken so far regarding tariffs? - Management discussed a multi-faceted approach to offset price increases, including supplier concessions and product redesigns, with ongoing adjustments expected throughout the year [27][28] Question: When do you expect order choppiness to settle down? - Management noted that retailers are ordering cautiously, and as inventory normalizes, they expect improved visibility moving forward [36][38] Question: Which brands are seeing the strongest POS? - Brands like Caldwell and BUBBA are performing well, with strong POS data indicating consumer demand [41] Question: What is the status of the M&A pipeline? - The company remains active in looking for acquisition targets but is finding fewer opportunities and is being patient in its approach [44][45] Question: Are consumers trading down to more value-oriented products? - Management observed that while some consumers may be trading down, the company's products continue to attract affluent consumers and enthusiasts [50][51]

[Music] I never used to mind routine eye checkups with my doctor. Okay, that's not completely true. There's a few of the routine tests that are not that comfortable, right. There's really bright lights that shine in your eyes for a couple of them. There's the one test with the puff of air that hits your eye.It's actually called an air puff test. They touch your eye a lot. They numb your eye and then they often dilate your eye so you wear sunglasses indoors and outdoors for the rest of the day.It's not alway ...

Every day we see new technologies, new machine, new materials and new solution and we celebrate new innovation. But sometimes I ask myself, aren't we so focused to making something new and we forget to look around. So what if the answer is already here.This question change how we see the innovation. Our stories are started in Norway Oslo. Here food waste is used to produce the bio gas which powers public buses and le flies to drink in Switzerland.All concrete is crashed and reused for new buildings in const ...

[Music] My name is James Lee and I'm thrilled to be here in Rancho Mirage at the heart of Coachella Valley. We have had a great experience here, but I think it could be better. This place is ripe for startups.Not sometime in the future, not when the conditions are right, but right now and right here. So I want to start with a simple formula, the startup equation. Many of you have seen a version of this and we know that this works in other places.But if we have talent, we have ideas and we have capital and w ...

Collaboration & Innovation - Collaboration fuels innovative growth [1] - The industry emphasizes the importance of collaboration for driving innovation [1] Digital Transformation - Digital transformation is linked to the need for collaborative strategies [1] Business Strategy - The article likely discusses business strategies centered around collaboration [1]