Abercrombie & Fitch (ANF) Q1 2026 Earnings Call May 28, 2025 08:30 AM ET Company Participants Mohit Gupta - VP - Investor RelationsFran Horowitz - CEO & DirectorRobert Ball - SVP & CFODana Telsey - CEO and Chief Research OfficerCorey Tarlowe - SVP - Equity ResearchScott Lipesky - EVP & COOMarni Shapiro - Managing PartnerAlexandra Straton - Equity Research Managing DirectorMauricio Serna - Executive DirectorRick Patel - Managing DirectorJanet Kloppenburg - President Conference Call Participants Matt Boss - E ...

Financial Data and Key Metrics Changes - Total revenue for Q1 fiscal 2026 was $594.3 million, a decrease of 5.5% from $628.7 million in the prior year period [17] - Gross profit decreased to $90.9 million from $121.8 million, with a gross profit margin of 15.3% [17] - Net loss for Q1 was $13.2 million, or $0.58 per diluted share, compared to net income of $9.4 million, or $0.41 per diluted share in the previous year [19] Business Line Data and Key Metrics Changes - Agriculture segment revenue decreased by 14.1% to $384.4 million, with a pretax loss of $12.8 million compared to pretax income of $13 million in the prior year [19] - Construction segment saw a slight increase in same store sales by 0.9% to $72.1 million, but reported a pretax loss of $4.2 million compared to pretax income of $0.3 million last year [20] - European segment revenue increased by 44.2% to $93.9 million, with a pretax income of $4.7 million compared to $1.4 million in the prior year [20] - Australia segment revenue decreased by 1% to $44 million, with a pretax loss of $0.6 million compared to a loss of $0.5 million last year [21] Market Data and Key Metrics Changes - Domestic agriculture market remains subdued, with farmers in a wait-and-see mode due to commodity prices and government aid uncertainty [10][11] - European market, particularly Romania, benefited from EU stimulus funds, leading to increased buying activity [13] - Australian market conditions are similar to the domestic agriculture segment, with lower new order activity due to dry conditions and low commodity prices [15] Company Strategy and Development Direction - The company is focused on optimizing inventory and managing through the current market cycle, with a target of reducing equipment inventory by $100 million [22][23] - The strategy includes leveraging parts and service revenue, which is expected to contribute significantly to gross profit despite equipment sales pressures [9][27] - The company aims to emerge from the current down market as a stronger entity, emphasizing customer service and operational efficiency [16] Management's Comments on Operating Environment and Future Outlook - Management anticipates a subdued retail environment due to weak farmer profitability and undefined government support programs [6][7] - The company expects continued challenges in the agriculture segment, with revenue projected to decline by 20% to 25% for the full year [24] - For the construction segment, revenue is expected to decline by 5% to 10%, while the European segment is projected to grow by 23% to 28% [25][26] Other Important Information - The company has successfully reduced equipment inventory by approximately $13 million sequentially, with a cumulative reduction of $406 million from peak levels [22] - The adjusted debt to tangible net worth ratio was 1.8, well below the bank covenant of 3.5 times [22] Q&A Session Summary Question: Is there any positive outlook on the agricultural sector? - Management noted that some government payments have started to come through, providing stability, but the overall outlook remains challenging [32] Question: How is the construction sector performing? - Management indicated that while the construction sector is cautious, there is more optimism compared to agriculture, with contractors starting to fill their project backlogs [36][38] Question: What is the status of government support programs? - The USDA is looking to provide additional funding for natural disaster relief, which could help stabilize the agricultural sector [42][44] Question: Are there specific areas where inventory needs to be reduced? - Management highlighted that the focus is on reducing used inventory levels, particularly in the agriculture segment, while maintaining a healthy inventory mix [56][57] Question: What are the expectations for same store sales in agriculture? - Management expects same store sales in agriculture to be down about 30% year over year for Q2, with a challenging back half of the year anticipated [72]

Modifies Segment Revenue and Reiterates EPS Modeling Assumptions for Fiscal 2026WEST FARGO, N.D., May 22, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2025. "Our fiscal first quarter results demonstrated our ability to advance our short term goals in a challenging market environment, and while headwinds per ...

Price increases are coming soon to a Walmart near you.On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known for its discounts will have to raise the prices of many items because of tariffs — despite a 90-day reprieve that lowered duties on Chinese imports to 30%. Goods from dozens of other countries face a 10% duty."We're trying to navigate this the best that we can," he said in a CNBC interview. "But this is a little bit unprecedented in terms of the speed and magnitu ...

Walmart Inc. (WMT) reported first-quarter fiscal 2026 results, with both revenues and earnings growing year over year and surpassing Zacks Consensus Estimate. The company continues to optimize operations for greater efficiency, balancing strategic investments with enhanced customer experiences. It experienced expanding e-commerce, increasing pickup options and accelerating delivery services. Newer ventures like the marketplace, advertising and membership have contributed to diversified profits, reinforcing ...

Core Viewpoint - American Eagle is facing significant challenges, including a $75 million write-off of spring and summer merchandise, slow sales, and has withdrawn its full-year guidance due to an uncertain economic environment [1][6]. Financial Performance - The company expects first-quarter revenue to be approximately $1.1 billion, reflecting a decline of about 5% year-over-year [2]. - Comparable sales are anticipated to drop by 3%, with a notable 4% decline expected in the intimates brand Aerie [2]. - An operating loss of around $85 million is projected, with an adjusted operating loss of about $68 million for the quarter, attributed to higher-than-planned discounting and the $75 million inventory charge [4]. Management Commentary - CEO Jay Schottenstein expressed disappointment with the company's execution in the first quarter, citing ineffective merchandising strategies that led to increased promotions and excess inventory [5]. - The company has entered the second quarter with inventory better aligned to sales trends and is actively evaluating forward plans to strengthen product performance [6]. Market Conditions - The company has withdrawn its fiscal 2025 guidance due to macroeconomic uncertainty and is reviewing its forward plans in light of first-quarter results [6]. - There is uncertainty regarding the impact of recent tariff policy changes on American Eagle's operations [6].

Financial Data and Key Metrics Changes - The fourth quarter revenue decreased by 11% to $1.2 billion, slightly better than the expected 10% decline for the full year [39][47] - Full year revenue declined by 9% to $5.2 billion, with North American revenue down 11% and EMEA flat [47][49] - Gross margin for the fourth quarter increased by 170 basis points year over year to 46.7%, driven by lower product and freight costs [44][47] - Full year gross margin increased by 180 basis points to 47.9%, surpassing expectations [47][49] - The company reported a diluted loss per share of $0.16 for the fourth quarter, while adjusted diluted loss per share was $0.08 [46][49] Business Line Data and Key Metrics Changes - Apparel revenue decreased by 11%, while footwear revenue declined by 17% [43] - Accessories business saw a 2% increase, benefiting from strength in team sports and running [43] - Direct to consumer revenue was down 15%, primarily due to a 27% decrease in e-commerce sales [42] Market Data and Key Metrics Changes - North American revenue declined by 11%, primarily due to a decrease in the DTC business [39] - EMEA revenue decreased by 2%, remaining flat on a currency-neutral basis [40] - APAC revenue was down 27%, attributed to a highly competitive and promotional environment [40] Company Strategy and Development Direction - The company is focusing on higher quality revenue and brand strength while driving gross margin expansion [49][50] - A shift towards a category management operating model aims to enhance efficiency and decision-making speed [13] - The company is committed to reducing promotional activities to build a more premium brand image [39][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the evolving business environment and emphasized the importance of agility [6][37] - The company anticipates a modest top-line contraction for fiscal 2026 due to recent changes in trade policy [49][50] - Management highlighted the need for a disciplined approach to cost management while maintaining marketing investments [79] Other Important Information - The company has recognized $32 million in restructuring charges for the fourth quarter, with total charges expected to be between $140 million and $160 million [45][49] - Inventory was down 1% year over year to $946 million, aligning with expectations [46] Q&A Session Summary Question: Can you provide more details about the North American reset? - Management highlighted the importance of leadership and a structured approach to improve brand execution and consumer engagement [56][60] Question: How is the company planning to normalize e-commerce with reduced promotional activities? - Management noted positive traction in full-price sales and emphasized the need for a brand-inspired online experience [72][74] Question: What are the expected savings from the restructuring plan? - Management indicated that approximately $35 million in savings were achieved in fiscal 2025, with expectations of $75 million in annual run rate savings by the end of fiscal 2026 [78][79]

Malibu Boats (MBUU) Q3 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Bruce Beckman - Chief Financial OfficerSteve Menneto - CEO & PresidentEric Wold - Executive Director, Equity ResearchMichael Swartz - Director & Equity ResearchRyan Williams - Senior Equity Research Associate Conference Call Participants Craig Kennison - Director of Research Operations & Senior Research AnalystMichael Albanese - Research AnalystJaime Katz - Senior Equity Analyst Operator Good morning and welcome to Malib ...

Malibu Boats (MBUU) Q3 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good morning and welcome to Malibu Boats Conference Call to discuss Third Quarter Fiscal Year twenty twenty five Results. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session and instructions will follow at that time. Please be advised that reproduction of this call in whole or in part is not permitted without written authorization of Malibu Boats. And as a reminder, today's ...

Weyco Group (WEYS) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 Thank you for standing by. My name is Gail, and I will be your operator for today. At this time, I would like to welcome each and every one of you to the Weyco Group Inc. First Quarter twenty twenty five Earnings Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. It is now my pleasure to turn today's call over to Weyco ...