Q1 2025 financial results

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Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunction with its Nasdaq Listing Process
Globenewswire· 2025-06-05 21:00
Core Insights - Kyivstar Group reported strong financial results for Q1 2025, with total operating revenue reaching USD 255 million, a 37.1% increase year-on-year in USD terms and 49.6% in local currency [2][5][6] - The company achieved a profit of USD 44 million for the period, reflecting a 22.2% year-on-year increase in USD and a 33.7% increase in local currency terms, resulting in a profit margin of 17.3% [2][5][6] - Adjusted EBITDA for Q1 2025 was USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency, with an adjusted EBITDA margin of 54.9% [2][5][6] Financial Performance - Total operating revenue for Q1 2025 was USD 255 million, up 37.1% year-on-year in USD and 49.6% in local currency [2][5][6] - Profit for the period amounted to USD 44 million, a 22.2% increase year-on-year in USD and 33.7% in local currency [2][5][6] - Adjusted EBITDA reached USD 140 million, representing a 50.5% year-on-year increase in USD and 64.6% in local currency [2][5][6] Customer Growth - The Multiplay customer base increased by 40.7% year-on-year to 6.1 million, representing 29.5% of one-month-active mobile customers [6] - Total digital monthly active users across Kyivstar Group's digital applications reached 10.3 million in Q1 2025, up 32.9% from 7.7 million a year earlier [6] Strategic Initiatives - The company completed the acquisition of Uklon, a leading ride-hailing business, for approximately USD 155.2 million and increased its stake in Helsi, Ukraine's largest digital health platform, from 69.99% to 97.99% [5][14] - Kyivstar Group is progressing towards a listing on the Nasdaq Stock Market, with a registration statement filed in conjunction with a business combination with Cohen Circle [8][10]
Petco Health + Wellness Company, Inc. Reports First Quarter 2025 Financial Results
Prnewswire· 2025-06-05 20:05
Reaffirms Fiscal 2025 Net Sales and Earnings Outlook*SAN DIEGO, June 5, 2025 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced its first quarter 2025 financial results.Q1 2025 Overview Net sales of $1.5 billion decreased 2.3% year over year in line with the company's first quarter outlook Comparable sales decreased 1.3% year over year Gross profit margin expanded approximately 30 basis points to 38.2% as a percentage of net sales Operating Income improved $33.1 million t ...
Rent the Runway, Inc. Announces First Quarter 2025 Results
GlobeNewswire News Room· 2025-06-05 20:01
Core Insights - Rent the Runway reported the strongest quarterly customer retention in four years and a return to subscriber growth with over 147,000 active subscribers, the highest count in the company's history [2][3][4] Business Strategy and Performance - The company is undergoing a multi-year corporate strategy transformation, focusing on aggressive inventory acquisition, enhancing product experience, and rebuilding customer relationships, which has led to improved subscriber growth and retention [3][4] - A significant investment in inventory has resulted in a 24% increase in new inventory receipts in Q1 2025 compared to Q1 2024, with expectations for a 134% year-over-year increase for the remainder of the year [5][10] - The launch of 36 new brands and over 1,000 new styles in Q1 2025 has contributed to increased customer engagement, with metrics showing a 23% higher share of views and 46% more hearts compared to the previous year [5][10] Financial Highlights - Revenue for Q1 2025 was $69.6 million, a decrease of 7.2% from $75.0 million in Q1 2024 [10] - The company reported a net loss of $26.1 million, compared to a net loss of $22.0 million in the same quarter of the previous year, with a net loss as a percentage of revenue at 37.5% [10][27] - Adjusted EBITDA for Q1 2025 was $(1.3) million, down from $6.5 million in Q1 2024, indicating a significant decline in operational performance [10][27] Subscriber Metrics - Ending active subscribers increased by 1% to 147,157 from 145,837 at the end of Q1 2024, while average active subscribers decreased by 2% [10] - The total number of subscribers decreased by 2% to 182,209 from 185,346 in the same period last year [10] Future Outlook - The company expects double-digit growth in ending active subscribers for fiscal year 2025, indicating confidence in the effectiveness of its new strategies [6][7] - Revenue guidance for the second quarter of 2025 is projected between $76 million and $80 million, with an adjusted EBITDA margin expected to range from -2% to +2% [10][7]
Victoria's Secret & Co. Announces New Date for First Quarter 2025 Earnings Release and Earnings Call Webcast
GlobeNewswire News Room· 2025-06-05 12:00
Core Viewpoint - Victoria's Secret & Co. is set to release its first quarter 2025 financial results on June 11, 2025, following a delay due to a security incident involving its IT systems [1] Group 1: Earnings Release Information - The earnings release will occur before market open on June 11, 2025, with a live webcast scheduled for 8:30 a.m. ET [1][2] - Financial information will be available on the company's investor relations website approximately one hour prior to the webcast [1] Group 2: Company Overview - Victoria's Secret & Co. is a specialty retailer offering a range of products including bras, lingerie, apparel, and fragrances, with a commitment to empowering over 30,000 associates across approximately 1,380 retail stores in nearly 70 countries [3]
Yiren Digital to Report First Quarter 2025 Financial Results on June 12, 2025
Prnewswire· 2025-06-05 09:30
BEIJING, June 5, 2025 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in Asia, announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2025 before U.S. market opens on Thursday, June 12, 2025.Yiren Digital's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on June 12, 2025 (or 8:00 p.m. Beijing/Hong Kong Time on June 12, ...
Five Below, Inc. Announces First Quarter Fiscal 2025 Financial Results
Globenewswire· 2025-06-04 20:01
Core Insights - Five Below, Inc. reported a 19.5% increase in net sales to $970.5 million for Q1 2025, with comparable sales rising by 7.1% [1][8] - The company announced a GAAP diluted EPS of $0.75 and an adjusted diluted EPS of $0.86 for the same quarter [1][8] - Five Below raised its full-year 2025 sales guidance and increased the low end of its EPS guidance range [1][8] - A transition in the CFO position was announced, with the COO taking on the interim role [5][6] Financial Performance - Net sales for Q1 2025 were $970.5 million, up from $811.9 million in Q1 2024 [8] - Operating income increased to $50.8 million from $36.2 million year-over-year [8] - Adjusted operating income rose to $59.6 million compared to $38.1 million in Q1 2024 [8] - Net income for the quarter was $41.1 million, up from $31.5 million in the prior year [8] - Adjusted net income was $47.5 million, compared to $33.0 million in Q1 2024 [8] Store Expansion - Five Below opened 55 new stores, bringing the total to 1,826 stores across 44 states, representing a 13.8% increase in store count from the previous year [8] Guidance and Outlook - For Q2 2025, the company expects net sales between $975 million and $995 million, with comparable sales projected to increase by 7% to 9% [12] - Full-year 2025 net sales are anticipated to be in the range of $4.33 billion to $4.42 billion, with a comparable sales increase of 3% to 5% [12]
DNUT INVESTORS: Kirby McInerney LLP Reminds Krispy Kreme, Inc. Investors of Important Deadline and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-04 00:00
Core Viewpoint - A class action lawsuit has been filed against Krispy Kreme, Inc. for failing to disclose significant declines in demand for its products at McDonald's locations, which has impacted its financial performance and partnership with McDonald's [1][5]. Financial Performance - Krispy Kreme reported net revenue of $375.2 million for Q1 2025, reflecting a decline of 15.3% compared to the previous year [4]. - The company experienced a net loss of $33.4 million in Q1 2025, compared to a net loss of $6.7 million in the prior year [4]. - Following the financial results announcement, Krispy Kreme's share price dropped by $1.07, or approximately 24%, from $4.33 on May 7, 2025, to $3.26 on May 8, 2025 [4]. Partnership with McDonald's - Krispy Kreme began a small-scale test of offering donuts at McDonald's in Louisville, Kentucky, in October 2022, and announced a nationwide expansion of this partnership starting in the second half of 2024 [3]. - The company is reassessing its deployment schedule with McDonald's and has withdrawn its prior full-year outlook due to uncertainties surrounding this partnership [4]. Allegations in the Lawsuit - The lawsuit alleges that Krispy Kreme failed to disclose that demand for its products at McDonald's locations declined significantly after the initial marketing launch [5]. - It is claimed that this decline in demand was a key factor in decreasing average sales per door per week and that the partnership with McDonald's was not profitable [5]. - The lawsuit also states that these issues posed a substantial risk to maintaining the partnership and that the company would pause expansion into new McDonald's locations as a result [5].
Xcel Brands to Host Fourth Quarter 2024 combined with First Quarter 2025 Earnings Call on June 4, 2025
Globenewswire· 2025-06-03 20:05
Core Viewpoint - Xcel Brands, Inc. is set to report its first quarter 2025 financial results on June 4, 2025, alongside a conference call to discuss the fourth quarter 2024 earnings released on May 28, 2025 [1] Group 1: Company Overview - Xcel Brands, Inc. is a media and consumer products company involved in the design, licensing, marketing, live streaming, and social commerce sales of various branded products [3] - The company was founded in 2011 with a vision to innovate shopping, entertainment, and social media through social commerce [3] - Xcel owns several brands including Halston, Judith Ripka, and C. Wonder, and has collaborations with brands like TowerHill by Christie Brinkley and LB70 by Lloyd Boston [3] Group 2: Business Strategy and Performance - Xcel Brands employs a modern consumer products sales strategy that includes interactive television, digital live-stream shopping, social commerce, and e-commerce channels [3] - The company's brands have generated over $5 billion in retail sales through livestreaming and digital channels, with more than 20,000 hours of content production in live-stream and social commerce [3] - Xcel's brand portfolio reaches over 40 million social media followers and has a broadcast reach into 200 million households [3] Group 3: Leadership and Expertise - The executive team at Xcel Brands possesses significant experience in live streaming, production, merchandising, design, marketing, retailing, and licensing [3] - The team has a proven track record of success in enhancing branded consumer products companies [3]
EuroDry Ltd. Sets Date for the Release of First Quarter 2025 Results, Conference Call and Webcast
Globenewswire· 2025-06-03 13:10
Core Viewpoint - EuroDry Ltd. is set to release its financial results for the first quarter ended March 31, 2025, on June 5, 2025, before the market opens in New York [1]. Group 1: Financial Results Announcement - The financial results will be discussed in a conference call and webcast scheduled for June 5, 2025, at 10:00 a.m. Eastern Time [2]. - Participants can join the call by dialing in 10 minutes prior to the scheduled time using specific numbers provided [3]. - An audio webcast of the conference call will be available live and archived on the company's website [5]. Group 2: Company Overview - EuroDry Ltd. was established on January 8, 2018, to consolidate the drybulk fleet of Euroseas Ltd. into a separate public company and trades on NASDAQ under the ticker EDRY [7]. - The company operates in the dry cargo and drybulk shipping market, managing a fleet of 12 vessels with a total cargo capacity of 843,402 dwt [7]. - After the delivery of two Ultramax vessels in 2027, the fleet will expand to 14 vessels with a total carrying capacity of 970,402 dwt [7].
Kane Biotech Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-29 21:05
Financial Performance - Total revenue for Q1 2025 was $412,513, a significant increase from $51,886 in Q1 2024, primarily driven by contract animal health manufacturing revenue for Dechra Veterinary Products, Inc. [8] - Gross profit for Q1 2025 was $42,447, compared to $40,051 in Q1 2024 [8]. - Total operating expenses for Q1 2025 were $1,203,505, down from $1,228,153 in Q1 2024 [8]. - Net loss for Q1 2025 was $(1,218,497), an improvement from a net loss of $(1,346,825) in Q1 2024 [8]. Corporate Developments - On April 28, 2025, the company announced a restructuring strategy focusing on its revyve™ biofilm dispersion technology-based wound care product portfolio [2]. - The company closed a $1.2 million private placement and a $1.0 million unsecured loan on May 5, 2025, and is implementing cost reduction initiatives to lower monthly operating costs [3]. - Two insiders surrendered a total of 3,372,095 RSUs for cancellation on May 9, 2025, as part of their commitment to the company [4]. - The former CEO filed a legal action for $445,000 related to his employment agreement, which the company plans to vigorously defend [4]. Strategic Focus - The interim CEO, Dr. Robert Huizinga, emphasized the execution of the restructuring strategy to create shareholder value by focusing on commercial opportunities in the US and streamlining operations to preserve cash [5]. - The company is committed to strengthening product distributor relationships, advancing its pipeline, and delivering long-term value to patients, partners, and shareholders [5]. Product Development - Kane Biotech is developing novel wound care treatments that target biofilms, which contribute to antibiotic resistance in wounds, with its revyve™ product line addressing both biofilms and wound bacteria [6].