Welcome back. Shares of Lemonade are surging today after the AI powered insurance company posted a third quarter beat on the top and bottom lines. The stock has nearly doubled this year, still down more than 50% from its all-time high in 2021.Joining us now first on CNBC to break down the quarter is Lemonade co-founder and CEO Daniel Shriber. Daniel, it's good to have you back on. I mean, you're definitely back on the radar because the stock has been incredible lately um coming off of those lows.So what wha ...

Core Insights - PVH Corporation is facing challenges in a promotional retail environment, particularly in the U.S. and China, leading to a decline in consumer demand and a gross margin drop of 240 basis points to 57.7% in Q2 FY2025 [1][7] - The company is experiencing increased tariff pressures, with tariffs expected to reduce EBIT by $70 million in FY2025, which is a revision from earlier estimates [2][7] - Despite these challenges, PVH is focusing on cost discipline and operational efficiencies, aiming for a 200 basis point improvement in operating margin by year-end [3][7] - PVH's brand strength in Calvin Klein and Tommy Hilfiger, along with digital growth, is expected to provide resilience against margin pressures [4] Financial Performance - In Q2 FY2025, PVH's gross margin decreased by 240 basis points to 57.7% due to heightened promotional activities [1][7] - Tariffs are projected to impact EBIT by approximately $70 million in FY2025, indicating a significant increase in cost pressures [2][7] - The company anticipates that cost-saving measures will contribute an additional 200 basis points to operating margin by the end of the fiscal year [3][7] Market Position - PVH's stock has outperformed the broader Consumer Discretionary sector, gaining 30.4% over the past three months, while the sector fell by 3.3% [5] - The current forward P/E ratio for PVH is 7.55X, which is below the industry average of 11.58X and the sector average of 19.94X, indicating a modest discount relative to peers [8]

Core Viewpoint - Eldorado Gold Corporation (EGO) is expected to report a significant year-over-year improvement in earnings for Q2 2025, driven by rising gold prices, with an estimated earnings per share of 48 cents, reflecting a 45% increase from the previous year [1][4]. Earnings Estimates - The Zacks Consensus Estimate for EGO's Q2 2025 earnings has increased by 23.1% over the past 60 days [1]. - EGO's earnings surprise history shows that the company has outperformed estimates in three of the last four quarters, with an average surprise of 5.95% [2][3]. Production and Guidance - In Q1 2025, EGO produced 115,893 ounces of gold, a slight 1% decline year-over-year [6]. - The full-year 2025 production guidance is set at 460,000–500,000 ounces, indicating a 4–12% decline from 2024 [7]. - Specific mine outputs for Q2 2025 are expected to be lower than the previous year, with Kisladag and Lamaque showing declines [8][9][10][11]. Gold Prices and Market Conditions - Average gold prices in Q2 2025 are projected to be around $3,301.42 per ounce, marking a 41% year-over-year increase [12]. - Factors contributing to rising gold prices include tariff threats, financial uncertainty, geopolitical tensions, and strong demand from central banks [12]. Cost Pressures - Higher gold prices are anticipated to increase royalty expenses in Greece and Türkiye, while rising contractor, labor, and fuel costs are expected to elevate overall production costs for EGO [13]. Stock Performance - EGO shares have increased by 8.5% over the past three months, outperforming the Zacks Mining - Gold industry, which grew by 7.9% [14]. - EGO is currently trading at a forward price/sales ratio of 2.18, compared to the industry's 3.42 [17]. Long-term Outlook - EGO's long-term demand prospects are supported by its high-quality asset portfolio and solid mining jurisdictions, with plans to increase annual gold production to 660,000-720,000 ounces by 2027 [19]. - The company is also expected to start copper production in 2026, reaching 70 million pounds by 2027 [19].

Strategic Initiatives - The company is focused on profitable growth, operational efficiencies, solution selling, building the right products, and increasing software & recurring revenue[20] - The company launched the G96 product, featuring real-time battery performance data monitoring, higher energy capacities, and zero emissions[22, 23, 25, 27] - The company is piloting the SkyEMS AI platform with select customers to support the full life cycle of intelligent batteries, aiming to have every battery cloud-connected[28, 30, 31] Operational Updates - The company is rapidly reviewing and accelerating the evaluation of new suppliers to respond to tariffs[38] - The company is committed to LFP (Lithium Iron Phosphate) while investigating new chemistries[38] - The company is focusing on partnership, supplier diversification, and strengthening the diversified supply chain for the long term[39] - The company is focusing on US capacity expansion, accelerated R&D, tariff-resistant product design, innovation partnerships, margin preservation, sustainable growth, and long-term competitiveness[46]