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Vera Bradley Announces First Quarter Fiscal Year 2026 Results
Globenewswire· 2025-06-11 12:01
Core Insights - Vera Bradley, Inc. reported first quarter consolidated net revenues of $51.7 million, a decrease from $67.9 million in the same period last year [3][32] - The company experienced a net loss from continuing operations of $18.3 million, or $0.66 per diluted share, compared to a net loss of $7.6 million, or $0.25 per diluted share in the prior year [4][5] - The financial condition remains strong with $86 million in liquidity and no debt [1] Financial Performance Summary - The first quarter gross profit was $22.8 million, representing 44.1% of net revenues, down from $34.0 million or 50.1% in the prior year [10] - Selling, general, and administrative (SG&A) expenses totaled $40.8 million, or 79.0% of net revenues, compared to $45.1 million, or 66.4% in the prior year [12] - The operating loss from continuing operations was $17.9 million, or (34.6%) of net revenues, compared to a loss of $10.6 million, or (15.6%) in the prior year [13] Segment Performance - Vera Bradley Direct segment revenues were $43.1 million, a 23.6% decrease from $56.4 million in the prior year [8] - Comparable sales declined by 25.0%, primarily due to reduced traffic and conversion rates in full-line and outlet stores [8] - The Indirect segment revenues totaled $8.6 million, a 25.6% decrease from $11.5 million in the prior year, attributed to a decline in specialty and key account orders [9] Balance Sheet Highlights - Cash and cash equivalents as of May 3, 2025, were $11.3 million, down from $43.8 million at the end of the previous year's first quarter [13] - Total quarter-end inventory was $99.2 million, compared to $101.8 million at the end of the prior year's first quarter [14] Strategic Outlook - The company announced several executive and Board leadership changes and has suspended forward guidance due to significant uncertainty in the consumer environment [15]
Stitch Fix Announces Third Quarter of Fiscal Year 2025 Financial Results
Globenewswire· 2025-06-10 20:05
Core Insights - Stitch Fix, Inc. reported strong third quarter results for fiscal year 2025, achieving year-over-year revenue growth and exceeding expectations, attributed to the strength of its value proposition and disciplined execution of strategy [2][3] Financial Highlights - Net revenue for the third quarter was $325 million, a 0.7% increase year-over-year [6] - Active clients decreased to 2.353 million, down 0.8% quarter-over-quarter and 10.6% year-over-year [6] - Revenue per active client (RPAC) increased to $542, a 3.2% rise year-over-year [6] - Gross margin was 44.2%, a decrease of 130 basis points year-over-year, primarily due to lower product margins [6] - The company reported a net loss of $7.4 million, with a net loss margin of 2.3% and diluted loss per share of $0.06 [6][19] Financial Outlook - For Q4 2025, net revenue is projected to be between $298 million and $303 million, reflecting a year-over-year decline of 6.7% to 5.2% [4] - The full fiscal year 2025 net revenue is expected to be between $1.254 billion and $1.259 billion, representing a year-over-year decline of 6.2% to 5.9% [5] - Adjusted EBITDA for Q4 2025 is anticipated to be between $3 million and $7 million, with a margin of 1.0% to 2.3% [4] Cash Flow and Liquidity - The company generated $20.5 million in net cash from operating activities and reported free cash flow of $16 million for the third quarter [6] - As of the end of the quarter, Stitch Fix had $242.1 million in cash, cash equivalents, and investments, with no debt [6] Operational Metrics - The company expects fourth quarter gross margin to be at the lower end of the 44% to 45% range, with full fiscal year 2025 gross margin projected to be in the middle of that range [7] - Advertising expenses as a percentage of revenue for the full fiscal year 2025 are expected to be at the high end of the 8% to 9% range [7]
Brown & Brown (BRO) Earnings Call Presentation
2025-06-10 13:05
Brown & Brown to Acquire RSC June 10, 2025 Information Regarding Forward Looking Statements This presentation contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. You can identify these statements by forward-looking words such as "may," "will," "should," "expect," "anticipate," "believe," "intend," "estimate," "plan" and ...
Core & Main(CNM) - 2026 Q1 - Earnings Call Presentation
2025-06-10 11:34
Use of Non-GAAP Financial Measures In addition to providing results that are determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"), we present EBITDA, Adjusted EBITDA, Adjusted EBITDA margin and Net Debt, all of which are non-GAAP financial measures. These measures are not considered measures of financial performance or liquidity under GAAP and the items excluded therefrom are significant components in understanding and assessing our financial perfor ...
Casey’s(CASY) - 2025 Q4 - Earnings Call Presentation
2025-06-10 11:20
Casey's Investor Deck Use of Non-GAAP Measures This presentation includes references to "EBITDA," which we define as net income before net interest expense, depreciation and amortization, and income taxes. EBITDA is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). We believe EBITDA is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of financial perfo ...
AAON (AAON) 2025 Earnings Call Presentation
2025-06-10 11:06
Company Overview - AAON's order backlog is $1 billion[17] - AAON's gross margin is 31%[17] - AAON's EBITDA margin is 211%[17] - AAON's CapEx and R&D as a percentage of sales is 216%[17] - AAON's EPS is $190[17] - AAON's ROIC is 167%[17] BASX Overview - BASX's backlog at 1Q25 is $623 million, up 123% year over year[128] - BASX has had a three-year CAGR of ~40% in a market growing ~10%[26] - BASX air-side cooling sales (~$166M in 2024) expected to grow >20% for the next three years[162] Financial Targets - The company is affirming its 3-year targets of 32%-35% gross margin and 125%-plus organic sales CAGR[71]
Whitestone REIT Declares Third Quarter 2025 Dividend
Globenewswire· 2025-06-10 11:00
Core Points - Whitestone REIT has declared a monthly cash dividend of $0.045 per share for the third quarter of 2025, amounting to a quarterly total of $0.135 per share and an annualized total of $0.54 per share [1] - The dividend distribution schedule includes payments in July, August, and September 2025, with record dates and payment dates specified [1] Company Overview - Whitestone REIT is a community-centered real estate investment trust that focuses on acquiring, owning, operating, and developing open-air retail centers in rapidly growing markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio [2] - The company's retail centers are designed to provide convenience, featuring a mix of service-oriented tenants that include restaurants, grocers, health and fitness services, financial services, education, and entertainment [3] - Strong community connections and deep tenant relationships are considered key to the success of the company's current centers and acquisition strategy [3]
eToro Reports First Quarter 2025 Results
Globenewswire· 2025-06-10 11:00
Core Insights - eToro Group Ltd. reported strong financial results for Q1 2025, highlighting an increase in net contribution and a focus on sustainable growth [1][3][4] Financial Highlights - Net contribution rose by 8% year-on-year to $217 million, up from $201 million in Q1 2024, primarily due to increased trading activity [6] - Net income (GAAP) was $60 million, a decrease from $64 million in Q1 2024, attributed to higher marketing and growth investments [6] - Adjusted EBITDA (non-GAAP) was $80 million, down from $87 million in the prior year, with an adjusted EBITDA margin of 37%, compared to 43% in the previous year [6] - Funded accounts increased by 14% year-on-year to 3.58 million, driven by user acquisition and retention efforts [6] - Assets under Administration grew by 21% year-on-year to $14.8 billion, compared to $12.2 billion [6] Business Developments - eToro launched new products and services, including futures in Europe and options in the UK, expanding its range of over 130 cryptoassets [7] - The company introduced a commodities portfolio in partnership with WisdomTree and launched securities lending in Europe [7] - eToro began rolling out crypto to fiat services and partnered with local financial institutions to offer virtual bank accounts [7] - The company achieved a MiCA permit from CySec, allowing it to provide crypto services across the EU, marking a significant regulatory milestone [8] Market Positioning - eToro's CEO emphasized the importance of AI in transforming the investing landscape and the company's commitment to empowering retail investors [2] - The company aims to drive sustainable growth and profitability, creating value for shareholders [2]
Aon (AON) 2025 Earnings Call Presentation
2025-06-10 07:15
Welcome Nicole Hendry Investor Day 2025 Welcome Aon United: A Powerful Platform for Growth Senior Director, Investor Relations Safe Harbor Statement This communication contains certain statements related to future results, or states Aon's intentions, beliefs and expectations or predictions for the future, all of which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties ...
Lakeland(LAKE) - 2026 Q1 - Earnings Call Presentation
2025-06-09 20:21
Place An Image Here Protect Your People® 1 Fiscal First Quarter 2026 Financial Results Conference Call June 9, 2025 NASDAQ: LAKE Safe Harbor & Non-GAAP Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation contains estimates, predictions, opinions, goals and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's pred ...