Financial Data and Key Metrics Changes - For the first quarter, the company reported revenue of over $1.4 billion, representing a 9.6% increase year-over-year, driven by a 2.4% increase in average unit volume and 7.1% store week growth [19][5] - The diluted earnings per share increased by 1% to $1.7, while restaurant margin dollars increased by 4.7% to $239 million [19][20] - Cash flow from operations was $238 million, with $221 million in cash at the end of the quarter [18] Business Line Data and Key Metrics Changes - Average weekly sales were $167,000 at Texas Roadhouse, $123,000 at Bubba's 33, and $71,000 at Jaggers, all showing positive same-store sales and traffic growth [13] - Same-store sales increased by 3.5% in the first quarter, with traffic growth of 1.1% and a 2.4% increase in average check [19] Market Data and Key Metrics Changes - The company opened eight company-owned restaurants in the first quarter, with plans to open approximately 30 company-owned restaurants this year [6][7] - Franchise openings are expected to include five international Texas Roadhouses and two domestic Jaggers [7] Company Strategy and Development Direction - The company aims to focus on delivering legendary food and service while navigating external economic factors [5] - The management emphasized the importance of maintaining operational excellence and community engagement as part of their long-term growth strategy [23] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the current demand for their brands, despite external challenges such as tariffs and inflation [5][14] - The company anticipates a full-year commodity inflation of approximately 4%, influenced by updated expectations for beef costs and tariffs [16][89] Other Important Information - The company is implementing technology upgrades, with 65% of restaurants using a digital kitchen and 70% having a new guest management system [9][10] - The company celebrated the achievements of its top operators during the annual Managing Partner Conference, reinforcing its commitment to operational excellence [2][11] Q&A Session Summary Question: Pricing strategy in relation to inflation - Management confirmed a 3.1% price increase in Q1, which is expected to drop to 2.3% in the following quarters, indicating they are pricing below inflation [29][30] Question: Labor leverage and hours - Management clarified that labor hours grew at 35% of traffic growth, maintaining productivity despite challenges [37][38] Question: Restaurant margin performance - Management acknowledged a slight decline in restaurant profit dollars per week and emphasized the importance of monitoring this metric throughout the year [42][44] Question: Consumer behavior and sales trends - Management attributed sales fluctuations to weather conditions and noted a strong rebound in March, April, and May [68][69] Question: Franchise acquisitions and future plans - Management stated there are no immediate plans for further franchise roll-ups but maintains active dialogue with existing franchisees [135][137] Question: Bar menu relaunch and profitability - Management indicated that the bar menu changes were driven by consumer demand and are expected to enhance profitability [141][144]

Core Viewpoint - Koss Corporation reported a slight increase in net sales for the third quarter of fiscal year 2025, but continued to experience net losses, highlighting challenges in certain market segments and the impact of external factors such as tariffs on product costs [2][4]. Financial Performance - Net sales for the three months ended March 31, 2025, were $2,781,006, an increase of $143,400, or 5.4%, compared to $2,637,606 for the same period in the prior year [2]. - For the nine months ended March 31, 2025, net sales reached $9,539,960, reflecting an increase of $168,292, or 1.8%, over the prior year's $9,371,668 [3]. - The net loss for the third quarter of fiscal year 2025 was $316,742, slightly higher than the net loss of $313,780 for the same quarter in the previous year [2]. - The net loss for the nine months ended March 31, 2025, was $642,135, showing improvement compared to a net loss of $840,542 for the same period in the prior year [3]. Sales and Market Dynamics - A significant increase in sales to distributors in Europe and Asia, driven by new product success, was a key factor in the overall sales improvement for the fiscal year-to-date [4]. - Direct-to-consumer (DTC) sales contributed to sales growth, but a nearly 60% drop in sales to the education markets due to project postponements and lower domestic distributor sales offset some of the gains [4]. Margin and Cost Analysis - Margin improvement of over 600 basis points during the first nine months of fiscal year 2025 was attributed to the adverse impact on prior year's margins from higher transit costs [4]. - The write-off of obsolete products during the current year partially offset margin gains [4]. Strategic Considerations - The company is closely monitoring recent tariff announcements that could significantly impact product costs, particularly since a substantial portion of its products are sourced from China [4]. - A strategic response is being developed to mitigate potential adverse effects on operations and financial condition [4].

Core Viewpoint - Lassonde Industries Inc. reported strong financial results for Q1 2025, with significant growth in sales and operating profit despite ongoing market uncertainties [3][4]. Financial Performance - Sales reached $699.7 million, an increase of $129.8 million (22.8%) compared to $569.8 million in Q1 2024 [2]. - Gross profit was $183.2 million, representing 26.2% of sales, up from $149.6 million, a rise of $33.6 million (22.4%) year-over-year [2][4]. - Operating profit increased to $42.7 million, up $8.1 million (23.4%) from $34.6 million in the same quarter last year [2][4]. - Profit attributable to shareholders was $24.5 million, slightly up from $23.8 million, with an EPS of $3.60, reflecting a 2.9% increase [2][7]. - Adjusted EBITDA was $71.5 million, a rise of $19.1 million (36.4%) from $52.4 million in Q1 2024 [2][7]. Sales Growth Drivers - Excluding the impact of Summer Garden and foreign exchange fluctuations, sales grew by 9.3%, driven by U.S. volume recovery and price adjustments in Canada [3][4]. - Canadian brands gained market share due to innovation and effective merchandising, despite overall industry volume contraction [3]. Outlook and Strategy - The company anticipates a sales growth rate of approximately 10% for 2025, driven by a full year of Summer Garden results and planned price adjustments [8]. - Lassonde is focused on executing its strategy, expanding capacity, and leveraging its diversified product portfolio to enhance its presence in the North American food and beverage market [3][8]. Financial Position - As of March 29, 2025, total assets were $2,374.4 million, a 4.2% increase from $2,277.8 million at the end of 2024 [7]. - Long-term debt stood at $612.5 million, with a net debt to adjusted EBITDA ratio of 1.99:1, reflecting a $135.0 million increase from the previous year [7][26]. - Operating activities used $60.1 million in cash, compared to $11.3 million generated in the same quarter last year, primarily due to changes in working capital [7]. Dividend Information - The Board of Directors declared a quarterly dividend of $1.10 per share, payable on June 13, 2025 [17]. Company Overview - Lassonde Industries Inc. is a leader in the North American food and beverage industry, offering a wide range of products including fruit juices, specialty foods, and snacks [28][30].

MAY 8, 2025 LEGAL DISCLAIMER This earnings supplement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the future financial and operating results of the Company, estimates of future EBITDA, the timing and performance of new store openings, future reductions in cost of capital and leverage ratio, our ability to conduct future accretive acquisitions and our pipeline of new store locations. Forward-looking statement ...

Core Insights - GrowGeneration Corp. reported a first quarter net sales of $35.7 million, a decrease from $47.9 million in the same period last year, primarily due to the closure of 19 retail locations in 2024 [4][6] - Proprietary brand sales increased to 32.0% of total Cultivation and Gardening revenue, up from 22.6% year-over-year, reflecting the strength of the company's product portfolio [5][6] - The gross profit margin improved to 27.2%, compared to 25.8% in the first quarter of 2024, indicating operational efficiency [7][9] Financial Performance - The company reported a net loss of $9.4 million for the first quarter of 2025, compared to a net loss of $8.8 million in the same quarter of 2024 [9][10] - Adjusted EBITDA loss was $4.0 million, worsening from a loss of $2.9 million in the prior year [10][26] - Cash, cash equivalents, and marketable securities totaled $52.6 million with no debt, providing financial flexibility for future growth initiatives [6][10] Operational Strategy - The company is transitioning to a regional fulfillment center model and focusing on B2B engagement, moving away from same-store sales as a key performance metric [3][12] - Store and other operating expenses decreased by approximately 17.3% to $8.8 million compared to $10.6 million in the first quarter of 2024 [8][9] - The company has withdrawn its full-year 2025 financial outlook due to macroeconomic uncertainties and is exploring strategies to mitigate risks [12] Future Outlook - For the second quarter of 2025, GrowGeneration expects total consolidated net sales to exceed $40 million [13]

Core Insights - Manulife Financial Corporation reported first-quarter 2025 core earnings of 69 cents per share, missing the Zacks Consensus Estimate by 1.4%, with a year-over-year decrease of 1.4% [1] - Core earnings totaled $1.2 billion (C$1.8 billion), reflecting a decline of 7.6% year over year, primarily due to increased provisions for expected credit loss and California wildfires [1] Financial Performance - New business value (NBV) for the quarter was $631.6 million (C$907 million), representing a significant increase of 29.4% year over year [2] - Annualized premium equivalent (APE) sales rose by 28.5% year over year to $1.8 billion (C$2.7 billion) [2] - Core return on equity decreased by 60 basis points year over year to 15.6% [3] Segment Performance - The Global Wealth and Asset Management division's core earnings were $316 million (C$454 million), up 21.5% year over year, despite retirement net outflows of $1.8 billion (C$2.6 billion) [4] - The Asia division's core earnings reached $492 million, a 7% increase year over year, with record levels of APE sales, new business CSM, and NBV, growing by 50%, 38%, and 43% respectively [5] - The Canada division reported core earnings of $260 million (C$374 million), down 1.8% year over year, while APE sales increased by 9% [6] - The U.S. division's core earnings were $251 million, down 25% year over year, attributed to lower investment spreads and strengthened ECL provisions [7]

Tile Shop (TTSH) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Ken Cooper - Investor RelationsCabby Lolmaugh - CEO & PresidentMark Davis - SVP & CFO Operator Good morning, and welcome to the Quarter One twenty twenty five Tile Shop Holdings Incorporated Earnings Conference Call. This is Franz, and I'll be the operator assisting you today. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you ...

Financial Data and Key Metrics Changes - The company reported a negative adjusted EBITDA of $27 million for the first quarter, a decline of $37 million compared to the previous quarter [5][25][32] - Revenue decreased by 16% sequentially, driven by a 35% decrease in silicon metal revenue and a 5% decrease in manganese-based alloys [14][23] - The adjusted EBITDA margin was negative 9%, with raw materials as a percentage of sales increasing to 77.6% from 68.2% in the prior quarter [23][25] Business Line Data and Key Metrics Changes - Silicon metal shipments declined by 27% due to weak demand and increased imports, resulting in a 35% drop in silicon metal revenue [4][15][25] - Silicon-based alloys revenue increased by 7%, driven by a 9% increase in volume, while manganese-based alloys revenues decreased by 5% due to lower prices [19][23][28] - The manganese segment showed strong demand, but delays in receiving manganese ore negatively impacted volumes [21][22] Market Data and Key Metrics Changes - The US silicon metal index pricing decreased by 9% quarter over quarter and 22% from the third quarter [5] - Imports of silicon metal into the US grew by 68,000 tons year-over-year, significantly impacting pricing and volumes [16][17] - The European market is expected to benefit from a safeguard investigation into silicon metal and alloys, with a provisional ruling expected by June [9][10] Company Strategy and Development Direction - The company is maintaining its full-year 2025 guidance, anticipating a strong adjusted EBITDA recovery in the second quarter and continued momentum in Q3 [5][32] - Regulatory trade measures are being introduced to curb low-priced imports, which are expected to stabilize the market [6][10] - The company is focusing on improving demand forecasting and supply planning through sales and operational planning initiatives [12] Management's Comments on Operating Environment and Future Outlook - Management noted that market conditions have remained challenging, significantly impacting first-quarter results, but expressed optimism for recovery in the second half of the year [4][5][32] - The company believes it is at or near the bottom of the current cycle and expects positive adjusted EBITDA in the second quarter [5][32] - Management highlighted the importance of trade measures in creating a more balanced market and benefiting local producers [38] Other Important Information - The company generated $5 million of free cash flow in the first quarter, driven by a $25 million reduction in working capital [28] - The dividend was increased by 8%, and the company repurchased 720,000 shares at an average price of $3.75 [29][30] - Adjusted gross debt increased to $110 million from $94 million in the prior quarter [31] Q&A Session Summary Question: How should investors think about the cadence of improvement in Q2, Q3, and Q4 in 2025? - Management indicated that the negative results were expected and in line with the budget, maintaining guidance of $100 million to $170 million for adjusted EBITDA [37][38] Question: Can you provide an update on the outlook for the Asian polysilicon market? - Management noted that while there are measures blocking exports from certain Southeast Asian countries, other countries like Indonesia may see increased business opportunities [40][42] Question: What would be needed to increase the magnitude of shareholder returns? - Management emphasized the importance of maintaining enough cash to run the company and indicated that share repurchases would depend on cash availability and market conditions [44][46]

Palantir Technologies (PLTR 1.44%) shares have advanced 550% since January 2024. For context, it was the best performing stock in the S&P 500 (^GSPC 0.43%) and the second-best performing stock in the Nasdaq-100 during that period. That tremendous share-price appreciation was driven by a series of increasingly impressive financial results. Palantir has emerged as a leader in artificial intelligence (AI) platforms, and retail investors, in particular, have become enamored with the company. But Palantir is cur ...

Attendees walk past an advertising board during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025.Nintendo said Thursday that it expects to sell 15 million units of its new Switch 2 console in the fiscal year ending March 2026.It is the first forecast for sales from the Japanese gaming giant since it announced the successor to its successful Switch device.Earlier this year Nintendo slashed its forecast for sales of the Swit ...