Core Insights - The company reported a 12% year-over-year increase in net revenue for Q3, reaching $2.4 billion, with foreign currency movements contributing approximately 220 basis points to this growth [1] - Revenue growth on a constant currency basis was 10%, exceeding prior expectations of mid-single-digit growth [1] - The company anticipates full-year fiscal 2026 revenues to grow by high-single to low-double digits on a constant currency basis, an increase from earlier guidance of 5-7% [5] Revenue Breakdown - North America revenue increased by 8% to $1.1 billion, driven by a 7% rise in comparable store sales and an 11% increase in wholesale revenues [1] - In Europe, revenue rose 12% to $676 million on a reported basis, with a 4% increase in constant currency; digital commerce grew by 5%, while physical store sales declined by 1% [2] - Asia experienced a significant 22% revenue increase to $620 million, with comparable store sales growing by 20% [2] Profitability Metrics - The company's gross profit reached $1.7 billion, resulting in a gross margin of 69.9%, which is an increase of 150 basis points from the previous year [2] - Operating income rose to $471.3 million from $389.7 million [3] - Net income for the third quarter was $362 million, translating to $5.82 per diluted share, compared to $297 million or $4.66 per share in the previous year [3] Strategic Outlook - The CEO highlighted strong growth across geographies and consumer segments, enabling investments in long-term strategic priorities and brand elevation [4] - The company's strategy, termed "Next Great Chapter: Drive," is supported by multiple growth drivers and aims to deliver sustainable growth and long-term value creation [4]

中国内地市场成增长引擎。报告期内，加拿大鹅品牌持续优化零售布局，并在中国新开设两家专门店。 依托强劲的消费需求，抖音及天猫电商业务也实现了稳健增长。 通过拓展品类矩阵，增强品牌的四季适宜性。加拿大鹅方面指出，通过持续拓展的品类矩阵，吸引了更 广泛的消费群体，羽绒与非羽绒新品驱动消费者互动热度攀升，推动销量加速增长。报告期内，加拿大 鹅推出2025秋冬系列及Snow Goose by CanadaGoose 2025秋冬胶囊系列，推动复购率提升。 此外，门店扩张增强零售业务。目前，加拿大鹅强化关键市场零售布局，全球专门店总数增至81家。线 上体验持续升级，商品发现路径、页面导览、更新速度及品牌叙事均实现优化，多区域用户参与度显著 提升，退货率亦有效降低。库存水平同比基本持平，得益于强劲的市场需求与库存管理的精准把控。 北京商报讯（记者 刘卓澜）2月9日，Canada Goose加拿大鹅公布截至2025年12月28日的 2026 财年第三 季度财报显示，加拿大鹅第三季度总营收同比增长14.2%，直营渠道营收同比增长14.1%，直营渠道可 比销售额同比增长6.3%，连续四个季度实现正增长，北美市场及中国内地市场表现 ...

Company Overview - Ralph Lauren Corporation (NYSE:RL) is a prominent American apparel company recognized for its brands such as Polo and Purple Label [2] - The company's shares have increased by 27.5% over the past year but have decreased by 5.4% year-to-date [2] Financial Performance - Ralph Lauren reported its earnings for the fiscal third quarter, which showed stronger-than-expected revenue numbers [2] - Jefferies reduced the firm's share price target to $410 from $425 while maintaining a Buy rating [2] - UBS raised the share price target to $477 from $474, also keeping a Buy rating [2] Market Insights - Jim Cramer highlighted the positive performance of Ralph Lauren, noting that the company achieved comparable sales growth of 9%, exceeding expectations of 7% [2] - Cramer emphasized the company's strategy to expand into the top 30 cities, planning to open 250 stores soon, which is expected to capture significant market share [2] - Cramer suggested that despite recent stock price declines, there is a strong investment opportunity in Ralph Lauren, advocating for a gradual buying strategy as the stock price fluctuates [2]

Core Viewpoint - Kessler Investment Group has increased its stake in Canada Goose Holdings, indicating confidence in the luxury outerwear market despite recent stock price fluctuations [2][7]. Company Overview - Canada Goose Holdings designs and markets luxury outerwear and apparel, targeting affluent consumers globally through direct and wholesale channels [1][6]. - The company reported a total revenue of $1.04 billion and a net income of $15.01 million for the trailing twelve months (TTM) [5]. Recent Transactions - Kessler Investment Group acquired an additional 379,516 shares of Canada Goose, valued at approximately $5.05 million, increasing its position to 3.7% of its reportable assets under management [2][3]. - This purchase has made Canada Goose the tenth-largest holding in Kessler's portfolio [7]. Stock Performance - As of February 6, 2026, Canada Goose shares were priced at $11.24, reflecting a 14.7% increase over the past year, slightly outperforming the S&P 500 [4][5]. - Following the recent Q3 earnings report, the stock experienced a decline of over 10%, despite a 14% growth in total sales and a 20% increase in North American revenue [10]. Market Position and Strategy - Canada Goose offers a range of performance luxury apparel, including parkas and lightweight jackets, and generates revenue through both direct-to-consumer sales and wholesale distribution [9]. - The company has seen consistent growth in direct-to-consumer sales, marking its fourth consecutive quarter of such growth [10]. Valuation Insights - The stock is currently trading at a valuation of 1.1 times sales and 9 times free cash flow, which is considered attractive for a luxury brand [11]. - The company’s new product categories have seen sales double year over year, indicating strong consumer interest beyond traditional offerings [11].

Core Insights - Ralph Lauren Corporation reported a stronger-than-expected quarter, with solid demand across regions and robust global business momentum [1] - The company raised its full-year revenue growth outlook, supported by expanding margins and favorable pricing and product mix [1] Quarterly Metrics - Adjusted earnings per share for the third quarter were $6.22, surpassing the analyst consensus estimate of $5.81 [3] - Quarterly sales reached $2.406 billion, exceeding the expected $2.313 billion, with a reported revenue increase of 12% and a 10% increase in constant currency [3] Regional Performance - North America revenue increased 8% to $1.1 billion [4] - Europe revenue rose 12% to $676 million [4] - Asia revenue surged 22% to $620 million [4] Profitability - Gross profit for the third quarter was $1.7 billion, with a gross margin of 69.9%, reflecting a 150 basis points increase from the prior year [4] - Adjusted operating income was $503 million, with an operating margin of 20.9%, up 220 basis points from the previous year [5] Financial Position - The company ended the third quarter with $2.3 billion in cash and short-term investments, alongside $1.2 billion in total debt [5] Outlook - For fiscal 2026, the company now anticipates revenue growth in the high single to low double digits on a constant currency basis, an increase from the previous outlook of 5% to 7% [6] - Foreign currency is expected to contribute approximately 200 to 250 basis points to revenue growth in fiscal 2026 [6] - The operating margin for fiscal 2026 is projected to expand by approximately 100 to 140 basis points in constant currency, up from the previous estimate of 60 to 80 basis points [6]

Core Thesis - The investment case for Ermenegildo Zegna N.V. (ZGN) is based on its accelerating traction in the high-end market, with a focus on improving brand momentum and retail growth [7][8]. Financial Performance - ZGN's group revenues for the year reached €1.92 billion, with Q4 sales of €591 million aligning with expectations [4]. - Organic growth for the Zegna brand accelerated to 7.4% in Q4, up from 5.6% in Q3 and 2.6% in the first half, driven by retail and direct-to-consumer sales, which grew over 10% in the quarter [4]. - Group-wide organic growth was limited to 4.6% due to a slowdown in retail growth for Tom Ford Fashion and a significant decline in wholesale sales, which were down double digits in Q4 [5]. Market Dynamics - The company is repositioning towards the high-end market, where demand remains resilient, particularly in the US and Middle East, while Europe is contributing more consistently [5]. - Greater China remains a weakness with sales down approximately 5%, although trends have improved sequentially [5]. Future Outlook - Management anticipates continued shrinkage in wholesale, especially for Thom Browne and Tom Ford, while retail execution will remain a focus [6]. - Foreign exchange headwinds are expected to limit margin expansion, even if volumes increase [6]. Brand Positioning - The company is delivering better top-line quality quarter after quarter, with profitability expected to improve as brand repositioning and retail growth gain traction [7]. - Previous analyses highlighted ZGN's vertically integrated model, iconic brands, strong margins, and attractive free cash flow yield as key drivers of long-term growth, with the stock price appreciating by approximately 28% since November 2024 [8].

Core Thesis - V.F. Corporation (VFC) is experiencing a significant growth trajectory, with 75% of its business showing growth this quarter, an increase from 65%-70% last quarter and 60% in 1Q26, indicating a broad-based recovery across multiple segments and geographies [3][6] Financial Performance - As of February 5th, VFC's share price was $20.10, with trailing and forward P/E ratios of 37.16 and 18.42 respectively [1] - The Americas region has shown particularly strong performance, noted as one of the best in over three years, with positive gross margin trends and an optimistic outlook for reaching or exceeding a long-term target of 55% [4] Direct-to-Consumer Channel - Growth in the direct-to-consumer (DTC) channel is highlighted as a key driver of consumer demand, providing a fast lever for scaling new products, especially through digital platforms [4][6] Brand Performance - Vans brand is stabilizing despite facing revenue headwinds, with expected declines in the mid-single digits for 4Q26, while global e-commerce growth marks the first increase in over four years [5] - Altra is being cultivated as a high-potential brand, with a revenue target of $1 billion, emphasizing a disciplined approach to debt and a focus on organic growth [6] Management Strategy - Management maintains a transparent guidance philosophy aimed at achieving the top end of revenue ranges, with a focus on robust DTC and digital execution [6] - The company has seen a stock price appreciation of approximately 72% since previous bullish coverage, reflecting improved revenue, EPS, gross margins, and debt reduction [7]

Core Viewpoint - Under Armour Inc. (NYSE: UAA) experienced a significant stock surge of 22.5% week-on-week, driven by increased price targets from investment firms, despite reporting disappointing earnings for Q3 of fiscal year 2026 [1]. Group 1: Price Target Adjustments - Barclays raised its price target for Under Armour to $8 from $6, while Truist Securities increased its target to $8 from $5 [2]. - Barclays maintains a "neutral" stance on the stock, and Truist holds a "hold" recommendation [3]. Group 2: Earnings Performance - Under Armour reported a net loss of $430.8 million for Q3, a significant decline from a net income of $1.2 million in the same period the previous year [3]. - Net revenues fell by 7% to $1.3 billion compared to $1.4 billion year-on-year [4]. - For the nine-month period, the company's net loss widened by 238% to $452 million from $133.8 million in the same period a year earlier, with net revenues decreasing by 4.5% to $3.8 billion from $3.98 billion year-on-year [4].

Footwear manufacturers and apparel exporters emerged as major winners in the joint framework for an interim trade deal between the US and India, a development that will alleviate uncertainty for financial markets https://t.co/IxsMJmrLOg ...

Core Insights - The stock market in 2026 is experiencing significant volatility, particularly during the Q4 earnings season, which is leading to substantial post-earnings reactions [1] Group 1: Market Trends - The primary theme for investors is the ongoing volatility in the stock market, exacerbated by the Q4 earnings season [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing insights into current industry themes [1] - He has been a contributor on Seeking Alpha since 2017 and has been featured in various web publications, with his articles reaching popular trading apps like Robinhood [1]