Designer Brands (DBI) Q1 2026 Earnings Call June 10, 2025 08:30 AM ET Company Participants Ashley Firlan - SVP - Special Situations & IRDoug Howe - CEOJared Poff - EVP, CFO & CAOMauricio Serna - Executive DirectorDana Telsey - CEO and Chief Research Officer Conference Call Participants Dylan Carden - Research Analyst Operator Good morning, and welcome to the Designer Brands First Quarter twenty twenty five Results Conference Call. All participants will be in listen only mode. Followed by zero on your teleph ...

Financial Data and Key Metrics Changes - For the first quarter of fiscal 2025, net sales were $687 million, down 8% year-over-year, with comparable sales down 7.8% [26] - Consolidated gross margin decreased by nearly 120 basis points to 43%, primarily due to increased markdowns [28] - Adjusted operating income was essentially breakeven compared to $14.7 million last year, with an adjusted net loss of $12.5 million versus a gain of $4.8 million last year [30] Business Line Data and Key Metrics Changes - U.S. Retail segment sales were down 7.7%, with comparable sales down 7.3%, affected by lower traffic [26] - Canadian Retail segment sales declined 2.9%, with comparable sales down 9.2%, reflecting similar consumer sentiment challenges as in the U.S. [27] - Brand Portfolio segment sales were down 7.9%, but operating income grew by over 30% due to expense efficiency measures [28] Market Data and Key Metrics Changes - The first quarter saw a decline in consumer sentiment, with February being the weakest month due to unfavorable weather [5] - DSW gained 10 basis points in athleisure footwear market share during Q1, indicating some market resilience [14] Company Strategy and Development Direction - The company is focusing on enhancing customer value, optimizing product assortments, and diversifying sourcing strategies to mitigate tariff impacts [11][18] - Plans include scaling private label offerings and investing in strategic brands like Topo and Keds to drive growth [10][20] - The company has withdrawn its forward-looking guidance due to the volatile macro environment and consumer sentiment [23][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased uncertainty in consumer behavior and a softer start to the year, leading to a decline in comparable sales [5][25] - The company is committed to disciplined execution and adapting to the current environment while focusing on long-term value creation [24][32] Other Important Information - The company is implementing expense cuts expected to deliver $20 million to $30 million in savings for fiscal 2025 [6][29] - Inventory levels were up 0.5% year-over-year, with a focus on delivering products ahead of tariff increases [31] Q&A Session Summary Question: Can you speak to the relationship between the $20 million to $30 million in savings and the anticipated increase in SG&A? - Management explained that the absence of a bonus accrual this year provided about $10 million in favorability in expenses for Q1, but a headwind of approximately $10 million is expected in Q3 due to last year's bonus reversal [35][36] Question: Can you elaborate on the performance in Canada and the brand portfolio? - Management noted that Canadian consumer sentiment mirrors that of the U.S., with Topo performing strongly, growing 84% in the quarter, while Keds faced some headwinds [38][40] Question: What are the expectations for Q2 and the impact of tariffs? - Management indicated that trends in Q2 are similar to Q1, with concerns about indirect impacts of tariffs on consumer sentiment [45][46] Question: How is the company planning for back-to-school and holiday inventory? - Management expressed cautious optimism for back-to-school, highlighting strong past performance and effective inventory management [55][57] Question: How is the company navigating tariff mitigation strategies? - Management confirmed ongoing efforts to diversify sourcing outside of China and manage pricing increases in collaboration with brand partners [61][62]

Rent the Runway (RENT) Q1 2026 Earnings Call June 05, 2025 04:30 PM ET Company Participants Cara Schembri - Chief Legal & Administrative OfficerJennifer Hyman - President, Co-Founder, Chairman & CEOSid Thacker - CFO Operator Greetings, and welcome to the Rent the Runways Quarter One twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. And as a reminder, this call is being recorded. It is now my pleasure to introduce Kara Schrimby, Chief Legal Officer. Thank you, Kara. ...

油脂油料早报 研究中心农产品团队 2025/06/05 隔 夜 市 场 信 息 ： 【USDA报告前瞻】截至5月29日当周美国大豆出口销售料净增10-60万吨 报告出炉前的一项针对行业分析师的调查结果显示，截至5月29日当周，美国大豆出口销售料净增10.0万吨至净增 60.0万吨，其中2024/25年度料净增10.0万吨至净增50.0万吨，2025/26年度料净增0万吨至净增10.0万吨。 美国豆粕出口销售料净增20.0万吨至净增70.0万吨，其中2024/25年度料净增20.0万吨至净增50.0万吨，2025/26年 度料净增0万吨至净增20.0万吨。 美国豆油出口销售料净增0.5万吨至净增3.5万吨，其中2024/25年度料净增0.5万吨至净增2.5万吨，2025/26年度料 净增0万吨至净增1.0万吨。 Anec：巴西6月大豆出口料为1,255万吨 Anec预估，巴西6月份大豆出口量料为1,255万吨，低于去年同期时的1,383万吨。 最新的预估基于船运安排初步数据，预计6月大豆出口量亦低于5月的1，420万吨。 该机构维持2025年将出口1.10亿吨大豆的展望，若能实现，则将创下历史新高，超过去年所创 ...

Group 1: Company Performance - Ollie's Q1 sales reached $576.77 million, a 13% increase from $508.82 million year-over-year, exceeding estimates by 2% [2] - HealthEquity's Q1 sales were $330.84 million, up 15% from $287.6 million in the previous year, surpassing estimates by 3% [3] - Ollie's Q1 earnings per share (EPS) were $0.75, beating expectations of $0.70 by 7% and increasing 3% from the prior period [2] - HealthEquity's Q1 EPS was $0.97, a 21% increase from $0.80 year-over-year, exceeding expectations by nearly 20% [3] Group 2: Strategic Initiatives - Ollie's opened 25 new stores in Q1, marking a record for any period in its history, and has over 500 stores across 32 states [4][5] - The company capitalized on retail store closures and supply chain disruptions to acquire new locations, particularly through bankruptcy auctions of former Big Lots stores [5][7] - HealthEquity's growth was driven by its enrollment and contribution strategy, which focuses on helping employers reduce healthcare costs while empowering employees [8] Group 3: Market Position and Outlook - Ollie's stock has remained virtually flat for the year but has increased over 400% since its IPO in 2015 [7] - HealthEquity's Health Savings Accounts (HSA) assets grew 15% year-over-year to a record $31.27 billion, contributing to a stock rally that reached new 52-week highs [9] - Both companies are expected to achieve double-digit EPS growth in fiscal years 2026 and 2027, making them attractive investment opportunities amid economic uncertainty [13]

Microchip (MCHP) 2025 Conference June 04, 2025 12:20 PM ET Speaker0 Good morning. Welcome. Let's get started. I'm Vivek Arya from BFA's semiconductor, semi cap equipment research team. Really delighted to have Eric Bjornhardt, the CFO of Microchip join us this morning for a fireside session. I'll go through my questions, but please feel free to raise your hand if you'd like to bring up anything in between. But a very warm welcome to you, Eric. Really appreciate you joining us. And maybe as a start, know tha ...

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $249.1 million, a 2% increase from $244.2 million in the same period last year, marking a strong start to the year [15] - Gross margin for the quarter was 30.4%, up 20 basis points from 30.2% a year ago, driven by favorable mix and rate improvements in the Fishing business [16] - SG&A expenses were $95.3 million, or 38.2% of net sales, compared to 38.6% in the prior year, reflecting improved expense discipline [17] - Net loss for Q1 was $21.3 million, or negative $0.56 per diluted share, compared to a net loss of $18.1 million, or negative $0.48 per diluted share in the prior year [17] - Adjusted EBITDA for Q1 was negative $9 million, compared to negative $8.7 million in Q1 2024 [18] Business Line Data and Key Metrics Changes - Firearms unit sales increased nearly 7% year-over-year, significantly outpacing the adjusted NICS data, which declined by 5.4% [7] - Positive sales comps were achieved in most core categories, including firearms, clothing, footwear, and ammunition, which was up 3% [7] - Fishing sales were up 11%, validating the new merchandising strategy with a two-year comp stock growth of 12.3% [8] - E-commerce business posted a positive comp, up 8% over last year, driven by a new digital-first marketing strategy [9] Market Data and Key Metrics Changes - The company captured market share in firearms despite a decline in adjusted NICS, indicating strong performance relative to the industry [7] - The strategic shift to everyday low prices on core ammunition calibers drove a 12% increase in ammo unit sales during the quarter [9] Company Strategy and Development Direction - The company is focused on a turnaround plan to transform Sportsman's Warehouse for sustained profitability and growth, emphasizing inventory precision, local relevance, personal protection, and brand awareness [5][6] - The launch of the Safety Outpost on the website signals a commitment to personal protection, a major growth category [11] - The company aims to reduce total inventory by the end of the year while maintaining the right products in the right stores at the right time [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic plan despite ongoing macroeconomic challenges, highlighting improved comp trends and inventory execution [24] - The company anticipates generating positive free cash flow and using excess cash to reduce debt and strengthen the balance sheet [22][41] - Full year guidance for net sales is expected to range between down 1% to up 3.5% compared to 2024, with adjusted EBITDA projected between $33 million and $45 million [23] Other Important Information - Total inventory at the end of Q1 was $412.3 million, up from $391.6 million in the same period last year, reflecting a strategic decision to pull forward inventory ahead of rising tariffs [18] - The company reduced total active SKUs by approximately 20%, simplifying the assortment and improving inventory terms [20] Q&A Session Summary Question: Can you break down comp trends by month and extend that into May? - Management noted good trends in February, with a strong performance in April, and confirmed that May also showed positive comps [26][28] Question: Is the increase in sales due to foot traffic or inventory assortments? - Management indicated a mixture of better traffic trends, positive transaction trends, and higher basket sizes contributing to the increase [29] Question: Can you clarify the $20 million inventory pull forward? - Management confirmed the strategic decision to pull forward $20 million of inventory to address tariff uncertainties and ensure stock for key seasons [36] Question: Did sales mix negatively impact gross profit margin in Q1? - Management acknowledged that heavy penetration in firearms and ammo impacted gross profit margin but was aligned with their strategy [38] Question: What are the thoughts on debt repayment this year? - Management expressed confidence in generating positive free cash flow and applying excess cash to debt repayment [41] Question: What is the impact of tariffs on the P&L? - Management indicated that the pull forward in inventory would likely mitigate tariff impacts until at least the third quarter [49]

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $249.1 million, a 2% increase from $244.2 million in the same period last year, marking a strong start to the year [17] - Gross margin for the quarter was 30.4%, up 20 basis points from 30.2% a year ago, driven by favorable mix and rate improvements in the Fishing business [18] - SG&A expenses were $95.3 million, or 38.2% of net sales, compared to 38.6% in the prior year, reflecting continued focus on expense discipline [19] - Net loss for Q1 was $21.3 million, or negative $0.56 per diluted share, compared to a net loss of $18.1 million, or negative $0.48 per diluted share in the prior year [19] - Adjusted EBITDA for Q1 was negative $9 million, compared to negative $8.7 million in Q1 2024 [20] Business Line Data and Key Metrics Changes - Firearms unit sales increased nearly 7% year-over-year, significantly outpacing the adjusted NICS data, which declined by 5.4% [8] - Positive sales comps were achieved in most core categories, including firearms, clothing, footwear, and ammunition, which was up 3% [8] - Fishing sales were up 11%, validating the new merchandising strategy with a two-year comp stock growth of 12.3% [9] Market Data and Key Metrics Changes - E-commerce business posted a positive comp, up 8% over last year, outpacing the overall business [11] - The company experienced a 12% increase in ammo unit sales during the quarter, driven by strategic pricing and inventory management [11] Company Strategy and Development Direction - The company is focused on a turnaround plan to transform Sportsman's Warehouse for sustained profitability and growth, emphasizing inventory precision, local relevance, personal protection, and brand awareness [6][7] - A new omni-channel brand campaign is being launched to reestablish Sportsman's Warehouse as the preferred destination for outdoor gear [14] - The company aims to reduce total inventory by the end of the year while maintaining the right products in the right stores at the right time [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic plan despite ongoing consumer macroeconomic challenges, highlighting the unique competitive advantage of local expertise [15] - The company anticipates generating positive free cash flow and reducing debt throughout 2025 [23][24] - Full year guidance for net sales is expected to range between down 1% to up 3.5% compared to 2024, with adjusted EBITDA projected between $33 million and $45 million [24] Other Important Information - Total inventory at the end of Q1 was $412.3 million, up from $391.6 million in the same period last year, reflecting a strategic decision to pull forward inventory ahead of rising tariffs [20] - The company reduced total active SKUs by approximately 20%, simplifying the assortment and improving inventory terms [22] Q&A Session Summary Question: Can you break down comp trends by month and extend into May? - Management noted good trends in February, with a strong performance in April and positive comp for May [27][29] Question: Is the increase in sales due to foot traffic or inventory assortments? - Management indicated a mixture of better traffic trends and higher basket sizes due to improved inventory strategies [30] Question: Can you elaborate on the $20 million inventory pull forward? - The company confirmed the strategic decision to pull forward inventory to mitigate tariff impacts and ensure stock for key seasons [38] Question: Did sales mix negatively impact gross profit margin in Q1? - Management acknowledged that heavy penetration in firearms and ammo impacted gross profit margin [39] Question: What are the thoughts on debt repayment this year? - Management expressed confidence in generating positive free cash flow to apply towards debt repayment [43] Question: What is the expected impact of tariffs on the P&L? - Management indicated that the pull forward in inventory may mitigate tariff impacts until at least the third quarter [50] Question: What is driving the outperformance relative to the industry? - The company is significantly outperforming NICS on a unit basis, driven by strategic inventory management and customer value [53]

Citi Trends (CTRN) Q1 2026 Earnings Call June 03, 2025 09:00 AM ET Company Participants Nitza McKee - Senior Associate - IRKenneth Seipel - CEO & DirectorHeather Plutino - CFO & Executive VP Conference Call Participants Michael Baker - Managing Director, Senior Research AnalystWill Forsberg - Associate Analyst Operator Greetings, and welcome to the Citi Trends First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow t ...

Core Viewpoint - Enphase Energy is facing significant challenges leading to a drastic decline in its stock price, attributed to a drop in residential solar demand, operational difficulties, and external economic factors [1][2][7]. Company Performance - Enphase's revenue decreased by 42%, from $2.29 billion in 2023 to $1.33 billion in 2024, reflecting a broader downturn in the residential solar market [2]. - The company's operating margin fell from 20% in 2023 to below 7% in the last year due to excess inventory and reduced demand [2]. - In the last quarter, Enphase reported earnings of $0.68 per share on $356 million in revenue, missing Wall Street's expectations of $0.71 per share on $362 million [3]. Market Conditions - High interest rates are raising financing costs for homeowners, discouraging significant investments in solar installations [2][5]. - The economic environment is leading to cautious consumer behavior, resulting in reduced discretionary spending on large purchases like solar panels [5]. Tariff Impact - New tariffs of up to 3,500% on solar components, particularly battery cells from China and Southeast Asia, are expected to severely impact Enphase's profit margins [4]. - The company is attempting to relocate battery cell production to the U.S. to mitigate tariff impacts, but this transition will take time and resources [4]. Company Response - Enphase has initiated cost-cutting measures, including laying off 500 employees and terminating some manufacturing contracts, highlighting the severity of its situation [6]. - Despite these efforts, investor confidence remains low, and the company needs a rebound in residential solar demand and stabilization of the tariff situation for improvement [7].