January 8, 2026 Fast Retailing Results for September to November 2025 and Estimates for FY2026 Takeshi Okazaki FAST RETAILING CO., LTD. Group Senior Executive Officer & CFO １ Unless otherwise indicated, business profit shall be used to illustrate business profitability in Fast Retailing Co., Ltd. corporate results announcements from the year ended August 31, 2025. Business profit = Revenue – (Cost of sales + SG&A expenses) Group Operations: UNIQLO Japan: UNIQLO Japan operations UNIQLO International: All UNI ...

Earnings Per Share (EPS) of $3.06, surpassing the estimated $2.65.Revenue reached approximately $2.22 billion, exceeding expectations.Notable gains in the Beer Business segment and continued outperformance in the Wine and Spirit Business.Constellation Brands, Inc. (NYSE:STZ) is a leading company in the beverage alcohol industry, known for its production and marketing of beer, wine, and spirits. Operating in the U.S., Mexico, New Zealand, and Italy, STZ is committed to building beloved brands and delivering ...

Core Insights - Coeur Mining, Inc. is a significant player in the mining industry, focusing on precious metals extraction from five North American mines, with a price target of $23 set by Roth Capital, indicating a potential upside of 33.33% from its current price of $17.25 [1] Financial Performance - In Q3, Coeur Mining reported a 77% year-over-year increase in revenue, reaching approximately $555 million, driven by balanced output from its mines and stronger metal prices [2][6] - The company's ability to capitalize on favorable market conditions has significantly enhanced its valuation and cash flow [6] Market Valuation - Coeur Mining's forward 12-month price-to-sales multiple is 6.37X, higher than the peer group average of 3.95X, with Southern Copper Corporation and Lundin Mining Corporation having multiples of 9.1X and 4.31X, respectively [3] - Both Coeur Mining and Southern Copper have a Value Score of D, while Lundin Mining holds a score of C, indicating varying levels of perceived value among investors [3] Market Performance - Year to date, Coeur Mining has gained 205.5%, outperforming the Zacks Mining-Non Ferrous industry's increase of 37.6% and the S&P 500's rise of 19.4% [4][6] - The stock has shown volatility, trading between $16.62 and $18.10 during the day, with a yearly high of $23.62 and a low of $4.58 [5]

Core Insights - Cracker Barrel Old Country Store, Inc. reported a Q1 2026 EPS of -$0.74 (Adjusted EPS), exceeding consensus estimates despite a revenue decline of 5.7% year-over-year [2][6] - The company's revenue for the quarter ending October 2025 was approximately $797.2 million, slightly below the estimated $800.3 million and reflecting a 5.7% decline from the previous year [1][2][3] Financial Performance - The EPS for December 9, 2025, was -$1.10 (GAAP earnings), which fell short of the estimated EPS of -$0.78 [1] - Year-over-year earnings have significantly declined from $0.45 per share in the previous year [3] - Despite the revenue shortfall, Cracker Barrel has managed to exceed consensus EPS estimates in three of the past four quarters [3][6] Financial Ratios - The price-to-sales ratio is approximately 0.17, indicating a relatively low valuation compared to sales [4] - The enterprise value to sales ratio stands at about 0.54, reflecting the company's total valuation in relation to its revenue [4] - The enterprise value to operating cash flow ratio is around 11.01, providing insight into the company's valuation compared to its cash flow from operations [5] - The debt-to-equity ratio is about 2.98, suggesting a higher level of debt compared to equity [5] - The current ratio is approximately 0.51, indicating potential challenges in covering short-term liabilities with current assets [5]

Core Insights - Gencor Industries, Inc. reported a net revenue of $18.8 million for Q4 2025, a decrease of 10.0% from $20.9 million in Q4 2024 [1] - The company's gross profit margin for Q4 2025 was 24.2%, down from 25.6% in Q4 2024, attributed to reduced manufacturing overhead absorption [1] - For the fiscal year 2025, net revenue increased by 2.0% to $115.4 million from $113.2 million in fiscal 2024 [3] Financial Performance - The operating loss for Q4 2025 was ($0.2) million, compared to an operating income of $1.2 million in Q4 2024, due to lower gross profit margins and higher SG&A expenses [2] - The company had net non-operating income of $1.9 million in Q4 2025, down from $2.5 million in Q4 2024 [2] - Net income for Q4 2025 was $1.9 million, an increase from $1.5 million in Q4 2024 [2] Yearly Overview - For the year ended September 30, 2025, the gross profit margin was relatively stable at 27.5%, compared to 27.7% in fiscal 2024 [3] - Operating income for fiscal 2025 was $14.0 million, up from $13.7 million in fiscal 2024, driven by increased sales [5] - The effective income tax rate for fiscal 2025 was 22.5%, down from 29.8% in fiscal 2024 [7] Expenses and Income - Product engineering and development expenses decreased by $555,000 to $2.758 million in fiscal 2025, while SG&A expenses increased by $610,000 to $14.937 million [4] - Interest and dividend income for the year ended September 30, 2025, was $4.373 million, up from $3.435 million in the previous year [6] - Net other income for the year was $6.181 million, down from $7.043 million in fiscal 2024 [6] Balance Sheet and Cash Position - As of September 30, 2025, the company had $136.3 million in cash and marketable securities, an increase of $20.9 million from $115.4 million in 2024 [8] - The company's working capital rose to $197.7 million at September 30, 2025, compared to $182.2 million at the same time in 2024 [8] - Gencor had no short-term or long-term debt as of September 30, 2025 [8] Market Position and Outlook - The company's backlog was $23.6 million as of December 1, 2025, a significant decrease from $56.2 million a year earlier [8] - Gencor's President noted that the company faced increased competition but still achieved improved net income and cash reserves [9] - The company is a diversified heavy machinery manufacturer focused on highway construction materials and environmental control machinery [10]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - Watches of Switzerland Group PLC (WOSGF) is a leading luxury-watch retailer with a strong presence in the UK and US markets, focusing on high-end timepieces and exceptional customer service [1] Financial Performance - On December 4, 2025, WOSGF reported earnings per share of $0.25, exceeding the estimated $0.23, indicating strong financial performance [2] - For the first half of 2026, the company experienced a 10% increase in group revenue to £845 million, primarily driven by a 20% revenue growth in the US market, which accounted for nearly 60% of profitability [3] - Despite a decrease in EBIT margin to 8.1%, adjusted earnings before interest and taxes rose by 6% to £69 million, with strong free cash flow reported at £48 million, reflecting financial stability [4][6] Market Valuation Metrics - WOSGF has a price-to-earnings (P/E) ratio of approximately 20.85, a price-to-sales ratio of about 0.66, and an enterprise value to sales ratio of around 1.01, indicating its market valuation relative to earnings and sales [5] - The company's debt-to-equity ratio is approximately 1.20, suggesting balanced financial leverage, while a current ratio of around 1.95 indicates a strong ability to cover short-term liabilities [5]

Core Insights - HealthEquity, Inc. is a leading player in the medical services industry, focusing on health savings accounts (HSAs) and related financial services, with a strong emphasis on financial performance and strategic initiatives to enhance member savings and investment strategies [1] Financial Performance - For Q3 2026, HealthEquity reported earnings of $1.01 per share, exceeding the Zacks Consensus Estimate of $0.90 per share, resulting in a 12.22% earnings surprise and an increase from $0.78 per share in the same quarter last year [3] - The company's revenue for the quarter ending October 2025 was $322.16 million, surpassing the Zacks Consensus Estimate by 0.69% and reflecting a 7% increase from $300.43 million reported in the same period last year [4][6] Strategic Initiatives - HealthEquity returned $93.7 million to shareholders through stock repurchases and implemented a $2.25 billion 5-year Treasury bond hedge to mitigate HSA cash repricing risk [5] - Total HSA assets grew by 15% to $34.4 billion, demonstrating the company's commitment to enhancing member savings and investment strategies [5] Market Position and Analyst Ratings - Citigroup maintained an "Outperform" rating for HealthEquity with a stock price of $98.64 and raised the price target from $117 to $122, indicating positive expectations for the company's future performance [2][6]

Core Insights - Thor Industries, Inc. is a leading player in the recreational vehicle (RV) industry, recognized for its diverse range of RV manufacturing and strong market position [1] Financial Performance - The company reported earnings per share (EPS) of $0.40, significantly exceeding the estimated loss of $0.11, resulting in a 472.73% positive surprise compared to analyst estimates [2][6] - Thor Industries achieved revenue of approximately $2.39 billion for the quarter ended October 2025, surpassing the estimated $1.98 billion and reflecting an 11.5% year-over-year growth [3][6] - The gross profit for the quarter grew by 14% year over year to $321 million, with the gross margin expanding by 30 basis points to 13.4% [4] - The adjusted EBITDA rose by 21.5% year over year to $131 million, indicating strong operational efficiency [4][6] Cash Flow and Financial Stability - Despite reporting an operating cash outflow of $44.9 million for the quarter, the company ended the period with $509.9 million in cash and equivalents, demonstrating a strong liquidity position [5] - Thor Industries maintains a low debt-to-equity ratio of nearly 0.00066, highlighting its financial stability and attractiveness to investors [5]

Core Viewpoint - American Eagle Outfitters (AEO) has demonstrated strong financial performance, exceeding market expectations and raising its outlook for the holiday quarter and the entire year [2][3]. Financial Performance - AEO reported earnings per share (EPS) of $0.52, surpassing the estimated $0.43 and last year's EPS of $0.48, indicating positive growth [2]. - The company's revenue for the quarter was approximately $1.36 billion, exceeding the estimated $1.32 billion [2]. Sales Outlook - AEO anticipates a rise in comparable sales by 8% to 9%, driven by improved sales trends and a strong start to the holiday season [3]. Valuation Metrics - AEO has a price-to-earnings (P/E) ratio of approximately 16.88 and a price-to-sales ratio of about 0.66 [3]. - The enterprise value to sales ratio is around 0.97, while the enterprise value to operating cash flow ratio is approximately 12.63 [3]. Financial Stability - AEO's debt-to-equity ratio is 1.08, indicating slightly more debt than equity, but it has a current ratio of 1.63, demonstrating good liquidity to cover short-term liabilities [4]. - The company's financial health, combined with strong sales momentum, supports confidence in its future prospects [4].