Even as the company reports its first same store sales growth in nearly two years, signs of progress in its turnaround efforts. I am so glad that we are being joined on CBC by Starbucks chair and CEO Brian Nickel. Hey Brian, great to have you.I maybe you'll put some sense in us about suddenly why a stock is down of when I think that you believe the turnaround is at hand. >> Yeah, good morning guys. Uh yeah, look Jim, I think we had a great quarter and it was actually a a critical moment in our turnaround pr ...

Q2'26 EARNINGS OCTOBER 28, 2025 Dickies Held-for-Sale On September 15, 2025, VF entered into a definitive agreement with Bluestar Alliance LLC to sell the Dickies® brand business ("Dickies"). The Company determined that the associated assets and liabilities met the held-for-sale accounting criteria and they were classified accordingly in the September 2025 Consolidated Balance Sheet. Discontinued Operations - Supreme On July 16, 2024, VF entered into a definitive Stock and Asset Purchase Agreement with Essi ...

Core Insights - UPS shares have declined significantly, losing nearly 33% in the past year and over 60% since early 2022, resulting in a dividend yield of 7.5%, which is substantially higher than the S&P 500's 1.2% and FedEx's 2.4% [1][3] Financial Performance - UPS's second-quarter revenue decreased by nearly 3% to $21.2 billion, with adjusted earnings dropping 13% to $1.55 per share, impacting cash flow [4] - Cash flow from operations was $2.7 billion and free cash flow was $742 million in the first half of the year, both significantly lower than last year's figures of $5.3 billion and nearly $3.4 billion respectively [4] Dividend Sustainability - The company paid $2.7 billion in dividends in the first half of the year, which was $2 billion more than its free cash flow during the same period, leading to increased debt [5] - Long-term debt rose from $19.5 billion to $23.8 billion, indicating reliance on debt to fund dividends, which is not sustainable long-term [5] Strategic Initiatives - UPS has initiated a two-pronged strategy to realign its business, focusing on reducing reliance on Amazon and enhancing higher-margin operations like healthcare logistics [6] - The company aims to achieve $3.5 billion in annual cost savings by the end of the year through various measures, including closing buildings and reducing headcount [6][7]

Core Insights - Intel's shares rose significantly after reporting a profit that exceeded Wall Street expectations, indicating progress in its turnaround strategy [1][7] - The company has seen a 90% increase in stock value this year, largely driven by investments from Nvidia and SoftBank, as well as a 10% stake from the U.S. government [2] Financial Performance - Intel's third-quarter results reflect "steady progress" in its turnaround plan, with CEO Lip-Bu Tan highlighting the demand for AI as a key growth opportunity [1] - The stock price reached $38.60, up 1.2%, and previously surged above $41, marking its highest level since April 2024 [2] Technical Analysis - Intel shares have formed a rectangle pattern in October, suggesting a continuation of the recent bullish trend [4][7] - A golden cross was observed when the 50-day moving average crossed above the 200-day moving average, indicating a sustained upward trend [4] Price Projections - Using the measured move technique, a near-term bullish target for Intel's stock is projected at $49, calculated by adding $10 to the top trendline of the rectangle formation [6][7] - Important support levels to monitor are around $36, $32, and $29 [7]

Core Insights - B&M European Value Retail's CFO Mike Schmidt is stepping down following a significant error in recognizing overseas freight costs, which impacted the company's fiscal year 2026 outlook [7] - The company's shares fell approximately 22.75% on the news of the CFO's departure and the financial outlook revision [3] - B&M has revised its adjusted EBITDA forecast for FY 2026 to a range of £470 million - £520 million, down from the previous estimate of £510 million - £560 million [5] Financial Performance - The company identified a miscalculation of about £7 million ($9.39 million) in overseas freight costs, which had a "material" impact on its financial outlook for FY 2026 [7] - The revisions to the financial outlook were made after the company reported its fiscal 2026 H1 results, which ended on September 27 [5] Management Changes - Mike Schmidt, who has been CFO since October 2022, will remain with the company until a replacement is found to ensure a smooth transition [7] - CEO Tjeerd Jegen, who joined in June, has initiated a turnaround plan called "Back to B&M Basics" aimed at improving operational execution and returning to growth [6] Operational Issues - Analysts at Shore Capital expressed concerns regarding B&M's lower than expected gross margin, which contributed to the company's financial challenges [4] - The error in cost recognition was linked to an operating system update earlier in the year, which the company has since resolved [7]

Core Viewpoint - Peloton's stock has seen a significant decline of 95% from its peak in 2020, but it has rebounded by approximately 66% from its April low of $4.63, indicating investor confidence in the company's turnaround plan [1] Group 1: Company Strategy - Peloton is revamping its equipment, introducing a new commercial unit, and raising subscription prices ahead of the 2025 holidays, which could potentially generate an additional $180 million in EBITDA according to Morgan Stanley [3] - The company is also launching new bikes and AI-integrated software aimed at creating personalized workouts to attract new customers and drive sales growth [3] Group 2: Financial Performance - Peloton reported significant free cash flow of $324 million, marking a notable improvement in its balance sheet, and has reduced its net debt by 43% [4] - In the most recent quarter, Peloton posted earnings per share (EPS) of $0.05, exceeding expectations by $0.12, while revenue was $606.9 million, down 5.7% year over year but still beating estimates by $26.99 million [5] Group 3: Membership Trends - Despite positive financial indicators, Peloton's membership numbers have declined by 6% year over year, including a 6% drop in paid connected subscriptions [5] - The company is raising prices even as it seeks to expand its customer base, raising questions about the effectiveness of its turnaround strategy [6] Group 4: Future Outlook - Peloton anticipates revenue growth following a seasonally weak first quarter and expects further improvements in profits, gross margins, and free cash flow [7] - If the company can stabilize its membership losses and successfully implement new offerings, it may achieve a significant turnaround [7]

Group 1 - The article provides a comprehensive market analysis focusing on investment opportunities and trends in various sectors [1] Group 2 - The analysis includes insights on market performance, highlighting key metrics and indicators that influence investment decisions [1] - It emphasizes the importance of staying updated with market changes to identify potential risks and rewards [1]

Core Viewpoint - Asos Plc's shares experienced a significant decline after the company warned that its full-year earnings would be at the lower end of expectations due to a complex turnaround plan [1][2]. Financial Performance - Asos expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to be between £130 million ($175 million) and £150 million, which is below the analyst consensus of £140 million [2]. - The company also indicated that sales would be lower than anticipated as it focuses on improving profitability [2]. Strategic Initiatives - The turnaround plan under CEO Jose Antonio Ramos Calamonte is taking longer than expected, primarily due to competition from Shein and a focus on cost reduction [3]. - Asos has closed its Atlanta distribution center and is now serving US customers from its Barnsley, England warehouse to cut costs [3]. - The retailer has been actively reducing unsold inventory, writing off an additional £100 million in November [4]. Market Challenges - Asos shares have dropped over 90% in the past four years as post-pandemic shopping habits shifted back to physical stores, compounded by rising living costs in the UK [5]. - The company has faced challenges with high customer return rates, leading to the closure of accounts for customers with excessive returns, which has resulted in backlash [5]. Industry Context - Competitor Boohoo Group Plc has faced similar challenges, reporting a record loss and considering the sale of its Pretty Little Thing brand [6]. - Boohoo is rebranding as Debenhams Group and shifting to a marketplace model, indicating broader industry struggles [6].

Core Viewpoint - Starbucks has announced a $1 billion restructuring plan, which includes significant store closures and a focus on improving customer experience and service quality as part of its "back to Starbucks" initiative under CEO Brian Nickel [2][4][6]. Restructuring Plan - The restructuring will affect approximately 1% of Starbucks' North American stores, with the company planning to close non-performing locations while aiming to grow its store count next year [4][10]. - The closures include both flagship reserve roasteries in Seattle, indicating a strategic shift in focus [5]. Financial Performance - Starbucks has experienced six consecutive quarters of same-store sales declines, with stock down about 6-7% in 2023 and only a 7.5% increase over the past three years [6][9]. - The company is facing increased competition from newer entrants like Dutch Brothers, which has seen a 60% stock increase in the past year, highlighting Starbucks' struggles to maintain its market position [6][13]. Customer Experience Focus - The company is prioritizing the improvement of customer service and experience, aiming to reduce drink preparation times to under four minutes, particularly for specialty drinks [7][18]. - Starbucks is leveraging data analytics to enhance service efficiency and customer satisfaction, with over 30% of orders now placed through its app [18]. Market Dynamics - The competitive landscape has intensified, with various specialty coffee brands emerging and increasing pressure on Starbucks to adapt its pricing and service model [13][14]. - The expansion of the menu has made it challenging for Starbucks to provide timely service, prompting a strategic narrowing of menu options [15][14]. Brand Loyalty and Consumer Perception - Despite the restructuring and layoffs, Starbucks maintains a loyal customer base, with many customers regularly visiting and utilizing the rewards program [22][23]. - The company is aware of the potential backlash from consumers regarding layoffs, but it aims to focus on its core loyal customers to drive recurring revenue [20][21].

Core Viewpoint - Macy's raised its fiscal year outlook after reporting better-than-expected quarterly results, particularly in same-store sales growth, leading to a significant increase in share price [1][4]. Financial Performance - Second quarter revenue decreased by 2.53% to $4.81 billion, surpassing expectations of $4.71 billion [2]. - Adjusted earnings per share fell by 41% to $0.41, exceeding the forecast of $0.18 [2]. - Same-store sales grew by 1.9%, marking the best growth in 12 quarters, while analysts had predicted a decline of 0.51% [2]. Segment Performance - Bloomingdale's and Bluemercury reported same-store sales increases of 3.6% and 1.2%, respectively [3]. - The strong performance in these segments contributed to the overall positive outlook for the company [3]. Outlook and Guidance - Macy's now projects revenue between $21.15 billion and $21.45 billion, slightly above the previous range of $21 billion to $21.4 billion [4]. - Adjusted earnings are expected to be between $1.70 and $2.05, an increase from the prior range of $1.60 to $2.00 [5]. - For 2025, same-store sales are anticipated to decline by 0.5% to 1.5% year-over-year, an improvement from the previous expectation of a 2.0% decline [4]. Market Context - Despite the positive quarterly results, Macy's stock was down nearly 19.5% year-to-date prior to the earnings report, contrasting with the S&P 500's 9% gain [6].