Investors are putting a bright face on an objectively terrible quarter.Shares of Cleveland-Cliffs (CLF 12.66%), one of the nation's biggest steelmakers, soared 13.7% through 1:20 p.m. ET Monday after beating on earnings this morning.Analysts had forecast a rough quarter for Cleveland-Cliffs, with $0.63 per share in losses expected on sales of $4.9 billion. The company nailed the revenue target, and beat on earnings with a loss of "only" $0.50 per share. Cleveland-Cliffs' Q2 earningsCleveland-Cliffs set a n ...

Core Insights - Estee Lauder has launched its storefront on Amazon.ca Premium Beauty Store, enhancing its digital presence in Canada and providing access to its high-performance skincare, makeup, and fragrances [1][8] - The launch includes a curated selection of best-selling products, making it easier for Canadian shoppers to purchase Estee Lauder items online [2][4] - The collaboration with Amazon aims to combine Estee Lauder's luxury brand with Amazon's trusted service, offering a seamless shopping experience [4] Product Offerings - Estee Lauder's storefront features popular products such as Advanced Night Repair Serum, Double Wear Stay-In-Place Foundation, and Revitalizing Supreme+ [2][8] - The store is designed to provide an informative shopping experience, helping customers discover and learn about Estee Lauder's iconic products [3] Strategic Focus - Estee Lauder is implementing its Beauty Reimagined strategy to regain growth momentum, focusing on expanding consumer reach and enhancing brand presence on digital platforms like Amazon and TikTok Shop [9] - The company reported share gains in key markets, including Southeast Asia, the United States, the United Kingdom, and Canada, driven by strong performances from brands like Clinique and La Mer [9] Financial Performance - As of the third quarter of fiscal 2025, Estee Lauder has approved over 2,600 net position reductions and streamlined middle management by 20% to support long-term performance and restore sustainable sales growth [10] - The company's stock has gained 9.8% in the past month, while the industry and S&P 500 have grown by 14.8% and 2.4%, respectively [11]

Core Insights - The Estee Lauder Companies Inc. reported third-quarter fiscal 2025 results with both net sales and earnings declining year over year, primarily due to weak consumer sentiment and reduced conversion rates in China [1][2] Financial Performance - Adjusted earnings were 65 cents per share, surpassing the Zacks Consensus Estimate of 29 cents, but down 33% from 97 cents in the prior year [2] - Quarterly net sales reached $3,550 million, exceeding the Zacks Consensus Estimate of $3,507.2 million, but reflecting a 10% decline year over year [2] - Organic net sales decreased by 9% to $3,605 million [2] Category-Wise Revenue Results - Skin Care sales fell 12% year over year to $1,807 million, impacted by weak consumer sentiment and lower conversion rates among Chinese shoppers [3] - Makeup revenues declined 9% to $1,035 million, primarily due to weaker sales from key brands like M·A·C and Estée Lauder [4] - Fragrance revenues decreased 3% to $557 million, largely due to lower performance from Clinique and Estee Lauder [4] - Hair Care sales totaled $126 million, down 12% year over year, mainly due to Aveda's weaker performance [5] Regional Revenue Results - Sales in the Americas fell 6% year over year to $1,052 million [6] - Revenues in the EMEA region declined 18% to $1,358 million [6] - Asia-Pacific region sales tumbled 3% to $1,140 million [6] Margin Analysis - Adjusted gross margin improved by 310 basis points to 75%, driven by the Profit Recovery and Growth Plan (PRGP) [7] - Adjusted operating margin contracted by 270 basis points to 11.4%, due to increased investments and sales volume deleverage [8] Financial Health - The company exited the quarter with cash and cash equivalents of $2,631 million, long-term debt of $7,298 million, and total equity of $4,345 million [9] - Net cash flow from operating activities for the nine months ended March 31, 2025, was $671 million, with capital expenditures of $395 million [10] Restructuring and Future Outlook - The PRGP aims to transform the operating model, with expected restructuring charges between $1.2 billion and $1.6 billion before taxes [12][13] - The company anticipates a decline in reported net sales of 8-9% for fiscal 2025, with adjusted organic net sales expected to fall by the same percentage [14] - Adjusted EPS is projected to slump by 40-50%, ranging from $1.30 to $1.55 for fiscal 2025 [15]

Kimco Realty (KIM) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Rainey Mancini - SVP, IRStéphane de La Faverie - President and Chief Executive OfficerAkhil Shrivastava - Executive Vice President & Chief Financial OfficerLauren Lieberman - Managing Director Conference Call Participants Stephen Powers - AnalystBonnie Herzog - AnalystFilippo Falorni - AnalystPeter Grom - Equity Research AnalystDara Mohsenian - AnalystBryan Spillane - Analyst Operator Good day, everyone, and welcome to Th ...