Joining me now to discuss all this is Anthony Chakumba, consumer sector head at Loop Capital Markets. Anthony, you look at this and so many questions. The first one to my mind is what's the balance in the retail sector of people who are passing these incurred costs on in terms of rising prices and people who are just going to eat those costs and hit the bottom line.So what we have definitely seen is a lot of price increases and retailers are being very quiet about it because they don't want to incur the wra ...

Japan’s Suntory will consider price increases in line with consumer sentiment for ultra-premium whisky it exports to the US https://t.co/3xA6uu1Bpd ...

Financial Data and Key Metrics Changes - The company reported total revenue of $965 million, a 17% increase compared to the previous year [9][33] - Diluted earnings per share rose 24% to $0.93, up from $0.75 in the prior year [33] - Gross margin for the quarter was 55.8%, down 110 basis points from last year's 56.9% [33] Business Line Data and Key Metrics Changes - HOKA's global revenue increased 20% to $653 million, with wholesale up 30% and DTC up 3% [11][24] - UGG's global revenue rose 19% to $265 million, with wholesale increasing 30% while DTC decreased by 1% [24][33] Market Data and Key Metrics Changes - International revenue increased by 50%, with significant contributions from both HOKA and UGG [9] - EMEA and China were highlighted as key regions for growth, particularly for HOKA [12][25] Company Strategy and Development Direction - The company aims to build premium brands focused on authenticity, innovation, and purpose, with a disciplined investment strategy [10] - HOKA is expected to continue as the fastest-growing brand, while UGG is anticipated to grow internationally at a faster rate than in the U.S. [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating current uncertainties, citing strong brand performance and consumer engagement [43] - The company is cautious about macroeconomic factors, particularly regarding tariffs and their impact on consumer behavior [37][39] Other Important Information - The company repurchased approximately $183 million worth of shares during the first quarter [36] - The tax rate for the quarter was 24%, slightly higher than the previous year's 22.5% [34] Q&A Session Summary Question: HOKA's second quarter guidance and inventory status - Management indicated that HOKA is expected to grow 10% in Q2, with improvements in both wholesale and DTC channels [49][50] - Inventory for older models like Bondi Eight and Clifton Nine is largely cleared, with positive performance for new models [52] Question: DTC growth and retail strategy - Management confirmed expectations for balanced growth between wholesale and DTC, with improvements anticipated in the U.S. market [60][62] - The company plans to expand its retail footprint, with new stores opening in key locations [64] Question: Price increase strategy - Price increases have been implemented selectively, with expectations for further adjustments based on tariff impacts [73][76] - The company is evaluating price increases across various product lines, including both new and existing models [76] Question: HOKA's international performance - International growth is driven by strong sell-through rates and increased distribution, particularly in Europe and China [92] - Management noted healthy order books for the upcoming seasons, indicating robust demand [93] Question: SG&A outlook - SG&A expenses are expected to increase as the company invests in brand building and marketing efforts [95][98] - Management emphasized a disciplined approach to spending while maintaining efficiency [95]

Consumer discretionary is the worst sector of the year. Some of the biggest losers are retail names like Deckers, Lululemon, Ross Stores. Is the sector though prime for a rebound in the second half.Joining us now is Dana Telsey, Telsey Advisory Group CEO. Dana, good to see you. There's good to see you too.Thank you for having me. Yeah, it's good good to have you. Especially because there's such a mix of data.We were just talking about this labor report. Overall, great. the market's up, but underneath the su ...