Core Viewpoint - American Eagle is facing significant challenges, including a $75 million write-off of spring and summer merchandise, slow sales, and has withdrawn its full-year guidance due to an uncertain economic environment [1][6]. Financial Performance - The company expects first-quarter revenue to be approximately $1.1 billion, reflecting a decline of about 5% year-over-year [2]. - Comparable sales are anticipated to drop by 3%, with a notable 4% decline expected in the intimates brand Aerie [2]. - An operating loss of around $85 million is projected, with an adjusted operating loss of about $68 million for the quarter, attributed to higher-than-planned discounting and the $75 million inventory charge [4]. Management Commentary - CEO Jay Schottenstein expressed disappointment with the company's execution in the first quarter, citing ineffective merchandising strategies that led to increased promotions and excess inventory [5]. - The company has entered the second quarter with inventory better aligned to sales trends and is actively evaluating forward plans to strengthen product performance [6]. Market Conditions - The company has withdrawn its fiscal 2025 guidance due to macroeconomic uncertainty and is reviewing its forward plans in light of first-quarter results [6]. - There is uncertainty regarding the impact of recent tariff policy changes on American Eagle's operations [6].

Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Lululemon (LULU), and highlights the potential misalignment of interests between brokerage firms and retail investors [1][5]. Brokerage Recommendations - Lululemon has an average brokerage recommendation (ABR) of 1.98, indicating a position between Strong Buy and Buy, based on recommendations from 31 brokerage firms [2]. - Out of the 31 recommendations, 16 are Strong Buy and 2 are Buy, which account for 51.6% and 6.5% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations for investment decisions may not be advisable, as studies suggest they have limited success in guiding investors towards stocks with high price appreciation potential [5]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, issuing five "Strong Buy" recommendations for every "Strong Sell" [6][10]. Zacks Rank as an Alternative - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) and is considered an effective indicator of near-term stock price performance [8][11]. - The Zacks Rank is based on earnings estimate revisions, which are strongly correlated with stock price movements, providing a more timely and balanced assessment compared to the ABR [11][12]. Current Earnings Estimates for Lululemon - The Zacks Consensus Estimate for Lululemon's earnings for the current year remains unchanged at $14.91, indicating steady analyst views on the company's earnings prospects [13]. - Due to the unchanged consensus estimate and other factors, Lululemon holds a Zacks Rank 3 (Hold), suggesting caution despite the Buy-equivalent ABR [14].

Core Viewpoint - LightInTheBox has successfully transformed into a brand-focused apparel company, achieving four consecutive quarters of profitability despite a challenging e-commerce environment [1][3]. Financial Performance - Total revenues for Q1 2025 were $47.0 million, a 34% decrease year over year, reflecting a strategic focus on margin preservation over market share [6]. - Gross profit was $30.6 million, down from $41.4 million in the same quarter last year, but gross margin improved to 65.2%, up from 58.2% [6]. - Operating expenses decreased by 33% year over year to $30.5 million, driven by effective cost management [6]. - Net income reached $0.1 million, a significant improvement from a net loss of $3.8 million in the same quarter last year [6]. Strategic Initiatives - The company launched proprietary brands like Ador, which contributed to higher repurchase rates and margins compared to its legacy e-commerce business [3]. - LightInTheBox aims to expand distribution channels, enhance brand awareness, and deepen customer loyalty to support sustainable growth [3]. Share Repurchase Program - The board of directors authorized a share repurchase program allowing the company to repurchase up to $0.7 million of its ordinary shares by June 30, 2025 [4]. Leadership Update - Mr. Suhai Ji has been appointed as Chief Financial Officer, effective May 12, 2025, succeeding Ms. Yuanjun Ye [5][7].

Core Insights - Hanesbrands Inc. (HBI) reported a year-over-year increase in both net sales and earnings for Q1 2025, with adjusted earnings per share of 7 cents, surpassing the Zacks Consensus Estimate of 3 cents, while net sales of $760 million missed the estimate of $766 million [1][8] Financial Performance - Adjusted gross profit rose 6% year over year to $316 million, with an adjusted gross margin of 41.6%, up nearly 165 basis points, attributed to reduced input costs and effective cost-saving initiatives [2] - Adjusted SG&A costs decreased by 5% year over year to $235 million, with a reduction in percentage of net sales to 31%, largely due to disciplined expense management [3] - Adjusted operating profit increased 61% year over year to $81 million, with an adjusted operating margin of 10.7%, up 390 basis points [3] Segment Performance - U.S. Segment: Net sales decreased 1.4% year over year to $536.2 million, impacted by softness in the Intimate Apparel segment, although growth was seen in Basics, Active, and New business lines [4] - The segmental operating margin improved to 20.9%, up almost 285 basis points, driven by cost-saving initiatives and a favorable product mix [5] - International Segment: Net sales decreased 2.2% to $195.5 million, with a $12 million headwind from unfavorable foreign exchange rates; however, on a constant-currency basis, sales increased 4% year over year [6] Guidance - For Q2 2025, the company projects net sales from continuing operations of $970 million, with an estimated $15 million foreign currency exchange rate headwind [10] - Operating profit from continuing operations is estimated at $129 million, with adjusted operating profit expected at $136 million, excluding restructuring charges [11] - For the full year 2025, net sales are expected between $3.47 billion and $3.52 billion, with an estimated $60 million headwind from foreign currency exchange rates [12] Cash Flow and Debt - The company ended the quarter with cash and cash equivalents of $175.9 million, long-term debt of $2.32 billion, and total stockholders' equity of $43.4 million [8] - The company reported negative $108 million in net cash from operating activities and negative $119 million in free cash flow for the first quarter [8]

BM模式的易复制性，恰恰印证了其背后存在可被拆解的公式。 核心要素首先是产品风格与空间设计。2019年BM在上海安福路开出第一家店（记住这个年份，后面要考），凭借"一码通穿"的均码策略与甜酷少女风迅 速破圈，露腰短上衣、格纹、碎花等经典元素，成了BM风最鲜明的特色。 8/2 1 Aris 200 a UHDI HL LLE BERES 1 Alle D A l l C 20 ic State 119 24 la , 10, 9 你发现了吗？BM风的服装选择早已不局限于Brandy Melville了（以下简称BM）。 如今诸多城市，仓储式女装店成为必备的打卡风景——从最初BM的独占鳌头，到如今BF、WM、OF等以双字母缩写为名的仓储女装品牌遍地开花。 有趣的是，尽管品牌名称不断变更，店铺场景却始终相似：走进任何一家门店，都挤满了年轻女孩们穿梭在货架间选购，试衣间的队伍长到在店内环绕。 当BM有了平替，BM风还会火吗？ 可复制的品牌公式 BM会严格筛选具备优越身材外貌的店员，作为移动的人形广告。不仅满足消费者与网络红人合影的需求，还在潜移默化中向消费者心中植入"穿上BM= 身材优越"的印象，BM安福路门店都一度 ...

Core Insights - Interparfums, Inc. (IPAR) reported first-quarter 2025 results with earnings of $1.32 per share, a 4% increase from $1.27 in the prior year, surpassing the Zacks Consensus Estimate of $1.13 per share [3] - Consolidated net sales reached $339 million, up 5% from $324 million year-over-year, with a 7% organic growth driven by strong performance in key fragrance brands [3][4] - The company reaffirmed its 2025 guidance, projecting net sales of $1.51 billion and earnings per share of $5.35, both reflecting a 4% year-over-year increase [13] Financial Performance - The gross margin improved to 63.7%, a 120-basis point increase from 62.5% in the prior year, attributed to a favorable brand and channel mix [6] - Operating income rose 10% to $75 million, with the operating margin expanding to 22.2%, up from 21% in the previous year [10] - Selling, general and administrative (SG&A) expenses were 41.6% of net sales, a slight increase of 10 basis points year-over-year, driven by higher advertising and promotional spending [7] Regional Sales Performance - North America and Western Europe saw sales increases of 14% and 1%, respectively, while Eastern Europe rebounded with a 46% rise in sales [4] - Sales in the Asia/Pacific region declined by 3%, Central and South America decreased by 10%, and the Middle East and Africa experienced a 16% decline, largely due to macroeconomic challenges and the exit from the Dunhill license [5] Inventory and Supply Chain Management - IPAR maintained steady inventory levels while accelerating raw material conversion to finished goods in anticipation of potential supply chain constraints [2] - The company is realigning its supply chain with key markets and exploring alternative sourcing outside China, planning selective price increases of 4% to 6% in August 2025 to offset recent tariffs [2] Financial Health - At the end of the quarter, IPAR had cash and cash equivalents of $96.6 million, long-term debt of $107.4 million, and total equity of $1,007.5 million [12] - The company announced a cash dividend of 80 cents per share, payable on June 30, 2025 [12]

深圳商报·读创客户端记者 肖欣静 通讯员 郑翠丹 美食文化节、传统英歌舞表演、纳凉晚会、街舞比赛……在刚刚过去的"五一"假期，龙华区大浪街道文 旅市场迎来一轮游玩和消费热潮。大浪街道抢抓文旅市场旺季，加强宣传引流，提升服务品质、打造精 品线路、文旅活动精彩纷呈，吸引众多游客纷至沓来，文旅消费活力十足。 文旅结合拉动消费热潮 漫步商圈街巷、追寻"舌尖美味"和国潮非遗成为了假日旅游的热门选择。后浪新天地精心策划推出"赛 事计划、美食计划、快乐计划"三大板块系列活动，为游客市民献上一场传统与潮流相融的假日盛 宴。"五一"期间，以"潮起后浪，厝边潮味"为主题的潮汕美食文化节汇聚了超40家潮汕特色摊位，潮州 粿汁、澄海卤鹅、隆江绿豆饼等摊位吸引了众多游客排队品尝，活动将持续至6月初。与此同时，一天 四场的潮汕英歌舞巡演成为游客打卡热点，铿锵有力的鼓点与矫健舞姿吸引大批市民驻足，为商圈增添 了浓厚的节日氛围。据统计，"五一"期间后浪新天地客流量达35万人次，实现营业收入约2500万元，展 现出强劲的消费活力与文旅融合新气象。 为促进消费，大浪时尚小镇在"五一"期间开展了一系列促销活动。卡尔丹顿、影儿、梵思诺、歌力思、 百 ...

Group 1 - The article highlights Lululemon Athletica Inc (NASDAQ:LULU) as a stock to avoid in May, based on historical performance data [1][2] - Over the past decade, LULU has averaged a loss of 2.8% in May, finishing lower 80% of the time [2] - In 2025, LULU has experienced a significant decline of 27%, with current trading around $279.46 after attempting to rebound from a low of $234.84 [3] Group 2 - The stock has seen a high call/put volume ratio of 1.79, indicating bullish sentiment, but also leaves room for bearish movements if this sentiment changes [4] - LULU's Schaeffer's Volatility Index (SVI) is at 41%, which is in the 23rd percentile of its annual range, suggesting options are currently affordable [4]

Financial Data and Key Metrics Changes - The company reported a net sales increase of 6.2% in Q4 fiscal 2024, reaching $80 million compared to $75.3 million in Q4 fiscal 2023. Excluding the impact of an extra week in the previous year, net sales increased approximately 9% [15] - Adjusted operating margin improved by 100 basis points despite relatively flat sales performance compared to the prior year [13] - Gross profit for Q4 was $40.1 million, representing 50.1% of net sales, up from 45.4% in the same quarter last year, driven by lower promotional activity and reduced product costs [16] Business Line Data and Key Metrics Changes - The wholesale segment saw a significant increase of 26.7%, which offset an 8.1% decline in the direct-to-consumer segment [15] - The direct-to-consumer business was impacted by store closures, remodels, and relocations, leading to inconsistent store sales performance [7][16] Market Data and Key Metrics Changes - The company continues to source over 60% of its cost of goods sold from China, with plans to reduce this exposure by moving about one-third of its sourcing outside of China [8][20] - The company is actively working on mitigation strategies to address the impact of evolving tariff policies on consumer behavior [7][20] Company Strategy and Development Direction - The company is focused on navigating the current dynamic environment while enhancing operational efficiencies and product costs [4][9] - There is an emphasis on expanding the men's business and enhancing relationships with wholesale partners, which are seen as critical for growth [6][7] - The transformation plan has delivered over $10 million in savings, which will now shift to manage tariff mitigation [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current challenges due to the strong foundation built over the past year [4][9] - The company will not provide full-year guidance due to increased uncertainty regarding tariffs and consumer behavior [9][21] - For Q1 fiscal 2025, the company expects a sales decline of approximately 5% compared to the prior year, driven by planned store activities and shifts in wholesale shipments [23] Other Important Information - A non-cash goodwill impairment charge of $32 million was recorded due to a change in control of ownership [17] - The company is evaluating strategic price increases to absorb increased costs while maintaining value for consumers [9][33] Q&A Session Summary Question: What is the potential for expanding new product categories and store count? - Management is enthusiastic about expanding categories, particularly accessories, and has plans for new store openings in the U.S. and internationally [30][31] Question: How will the company market to core customers who can absorb price increases? - The focus is on full-price customers, with strategies in place to support this segment amid potential price increases [33] Question: Can the company quantify the revenue shift in wholesale? - The shift in wholesale revenue was not material for Q4, but it has significant implications for Q1 fiscal 2025 [39] Question: Will the tariff issue change product introduction plans? - There will be some SKU reduction, but the company is working to protect key items while adjusting sourcing strategies [41][42] Question: Has the strategy of shifting from airfreight to ship freight changed? - The company is currently using both methods to maintain flexibility in response to evolving tariff situations [44][45]

Group 1 - Abercrombie & Fitch Co. will host its quarterly earnings conference call on May 28, 2025, at 8:30 a.m. ET, with a press release on first quarter results expected at 7:30 a.m. ET [1] - Participants must register to obtain a dial-in phone number and access code for the conference call [2] - A live webcast of the call will be available on the company's investor relations website, with a replay accessible shortly after the call ends [7] Group 2 - Abercrombie & Fitch Co. is a global, digitally led omnichannel specialty retailer of apparel and accessories, targeting kids through millennials [4] - The company operates approximately 790 stores across North America, Europe, Asia, and the Middle East, along with several e-commerce sites [5] - The family of brands includes Abercrombie and Hollister, focusing on quality and comfort for their customers [5]