The car parts retailer's revenue grew but profit fell due to continued higher costs due to tariffs. ...

JUST IN: 🇺🇸 President Trump says he wouldn't rule out reducing tariffs on "some" goods. ...

G-III Apparel Group (NasdaqGS:GIII) Q3 2026 Earnings Call December 09, 2025 08:30 AM ET Speaker1Ladies and gentlemen, thank you for standing by. Welcome to G-III Apparel Group Third Quarter Fiscal 2026 earnings call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. ...

Group 1 - The discussion highlights the profitability issues faced by farmers, particularly regarding machinery and fertilizer costs, which are influenced by imports from countries like Canada [5][6][8] - There is a plan to bolster domestic fertilizer production through severe tariffs on foreign imports, aiming to make fertilizer more affordable for American farmers [6][7] - The administration emphasizes the need to address skyrocketing input costs that are affecting farmers, while foreign-owned companies in the meatpacking sector continue to profit significantly [8][9] Group 2 - The administration expresses a preference for homegrown produce over cheaper foreign alternatives, although some products cannot be grown domestically due to climate limitations [11] - There is a focus on making American farmers stronger, with discussions around potential tariff revenue to provide additional relief [12][13] - The administration claims that the current economic situation is favorable, with significant investments flowing into the country, amounting to $18 trillion, which is unprecedented [21][22] Group 3 - Concerns are raised about the impact of Obamacare on health care premiums, with expectations that 22 million Americans will see their insurance costs rise due to expiring subsidies [23][24] - The administration's plan involves redirecting funds from insurance companies to individuals, allowing them to purchase their own health care, which is positioned as a more favorable approach [26][27][36] - The administration criticizes the current health care system as being overly beneficial to insurance companies, which have seen significant stock price increases [25][35] Group 4 - The discussion touches on the challenges faced in appointing U.S. attorneys due to the blue slip process, which is seen as a barrier to appointing qualified candidates [39][40] - The administration expresses frustration over the inability to appoint Republican U.S. attorneys in states with Democrat senators, highlighting a perceived imbalance in the political appointment process [41][42] - There is a call for reforming the blue slip process to allow for a more equitable appointment of U.S. attorneys, emphasizing the need for highly qualified candidates [43]

President Javier Milei’s government reduced tariffs on exports of soybeans, corn and wheat as he seeks to make good on a repeated promise to do away with the levies, which have held back Argentina’s farmers for years https://t.co/w3nKmZiYw0 ...

Core Insights - Caleres Inc. reported third-quarter earnings that fell below analyst expectations, leading to an over 18% drop in pre-market trading [1] - The company achieved net sales of $790.1 million, a 6.6% increase from $740.9 million in the same quarter last year, but adjusted net earnings decreased significantly [1][2] Financial Performance - Net sales for the third quarter of fiscal 2025 were $790.1 million, exceeding analyst expectations of $768.59 million [1][2] - Adjusted net earnings were $13.1 million, or 38 cents per diluted share, down from $42.6 million, or $1.23 per diluted share, in the third quarter of 2024 [1] Segment Analysis - Famous Footwear experienced a net sales decrease of 2.2%, with comparable sales down 1.2% [3] - The brand portfolio division reported a net sales increase of 18.8%, with a 4.6% increase when excluding Stuart Weitzman [3] Management Commentary - CEO Jay Schmidt stated that the company’s sales results were ahead of internal expectations, highlighting organic sales growth and strong performance from lead brands [4][5] - The CEO acknowledged pressures on earnings from tariffs and acquisition dilution but noted improvements in business fundamentals [5] Future Outlook - The company expects continued tariff pressure on gross margin and earnings dilution from Stuart Weitzman [6] - Caleres anticipates a GAAP loss per diluted share for the fourth quarter, with full-year GAAP loss projected between 13 cents to 18 cents and adjusted earnings per diluted share between 55 cents to 60 cents, including dilution from Stuart Weitzman [7]

Doug, we we know you have to go. You're ringing the bell and you've got some things you have to do upstairs. Um, but very quickly, can you just give us kind of a heads up of where the consumer is right now.What are you seeing. You all have talked about how you've seen people who make $100,000 or more coming into the stores. What do you see at the lower end.>> Yeah, as we said when we released it, released our uh third quarter results. It's been really consistent for us. Now, we're benefiting from some share ...

The Swiss government rejected a report that a retroactive reduction of US tariffs on Switzerland has already been agreed with Washington https://t.co/Uwdq4sUgxv ...

President Trump announcing uh the White House will provide 12 billion dollars in aid to farmers impacted by global uh trade tensions. During a r roundt event uh in Washington, the president said that the funds would come from tariff revenues. Most of the money will go toward providing one-time payments to row crop farmers.the rest will go towards specialty crops. There's a certain symmetry here, I think, because it's the tariffs that really cause some of the backlash from other countries to not buy our soyb ...

Core Insights - Caleres reported third quarter 2025 financial results that exceeded internal expectations, driven by organic sales growth in the Brand Portfolio segment and strong performance from Lead Brands [2][10] - The acquisition of Stuart Weitzman has significantly impacted the company's sales and operating earnings, contributing nearly half of the sales in the Brand Portfolio [2][10] - The company anticipates continued pressure on earnings due to tariffs and acquisition-related dilution, but expects to unlock cost savings and improve financial performance in fiscal 2026 [2][4] Financial Performance - For Q3 2025, Caleres reported net sales of $790.1 million, a 6.6% increase compared to Q3 2024, with the Brand Portfolio segment sales rising by 18.8% [10][11] - GAAP earnings per diluted share were $0.07, down from $1.19 in the previous year, while adjusted earnings per diluted share were $0.38, compared to $1.23 last year [3][10] - The company expects a GAAP loss per diluted share in the range of $0.13 to $0.18 for the full year, with adjusted earnings per diluted share projected between $0.55 and $0.60 [4][5] Segment Performance - The Brand Portfolio segment's organic sales increased by 4.6%, while Famous Footwear sales declined by 2.2% with comparable sales down 1.2% [10][11] - Direct-to-consumer sales accounted for approximately 71% of total net sales, indicating a strong eCommerce momentum across both segments [10][11] - Gross profit for Q3 2025 was $329.9 million, with a gross margin of 41.8%, down 230 basis points from the previous year [11][21] Strategic Outlook - The company is focused on transitioning the Stuart Weitzman business to its systems and addressing aged inventory as part of its long-term growth strategy [2][4] - Caleres aims to enhance its operating structure to leverage scale and strengthen brand development and consumer experiences [2][4] - The integration process is expected to yield synergistic cost savings starting in fiscal 2026, contributing to improved financial performance [2][4]