Core Insights - e.l.f. Beauty, Inc. reported strong fiscal first-quarter results for 2026, with both net sales and earnings surpassing expectations, although earnings decreased compared to the previous year [1][3][9] Financial Performance - Adjusted earnings per share were 89 cents, exceeding the Zacks Consensus Estimate of 84 cents, but down from $1.10 in the same quarter last year [3][9] - Net sales increased by 9% year-over-year to $353.7 million, slightly above the consensus estimate of $353 million, driven by strong performance in retail and e-commerce channels [3][9] Market Position - The company gained 210 basis points in market share, marking 26 consecutive quarters of category-leading growth, attributed to a strong value proposition, innovation, and effective marketing [2][9] Cost and Margin Analysis - Gross margin contracted by 215 basis points to 69%, influenced by tariffs, though partially offset by favorable foreign exchange impacts [4] - Adjusted selling, general, and administrative expenses rose by $12.9 million to $177.3 million, primarily due to increased professional fees and marketing costs, despite reductions in compensation and operational costs [5] EBITDA and Cash Flow - Adjusted EBITDA was $87.1 million, reflecting a 12% increase from the previous year, with an adjusted EBITDA margin of 25% [6] - The company ended the quarter with cash and cash equivalents of $170 million and net cash from operating activities of $27.2 million [7] Future Outlook - The company has not provided a full-year financial outlook for fiscal 2026 due to tariff uncertainties but expects net sales growth in the first half to exceed the 9% increase reported in Q1 [8][9] - Adjusted EBITDA margins for the first half of fiscal 2026 are anticipated to be around 20%, down from approximately 23% in the same period of fiscal 2025, primarily due to higher tariff costs [8]

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Financial Data and Key Metrics Changes - Consolidated revenues for Q2 2025 were $1,110 million, representing a 4% year-over-year decrease, primarily due to decreased revenue in the Active Lifestyle segment [29] - Q2 adjusted EBITDA was $196 million, a 5% year-over-year decrease, mainly due to decreased revenue and incremental tariffs [30] - The company raised its full-year revenue guidance to a range of $3,800 million to $3,920 million, reflecting an increase of over $30 million at the midpoint compared to prior guidance [35] Business Line Data and Key Metrics Changes - Golf equipment revenue for Q2 was approximately flat year-over-year at $412 million, exceeding expectations [30] - Active Lifestyle segment revenue decreased by $36 million year-over-year to $214 million, primarily due to the sale of Jack Wolfskin and soft market conditions [31] - Topgolf Q2 revenue decreased by 2% year-over-year, primarily due to a 6% decline in same venue sales, partially offset by higher revenue from new venues [32] Market Data and Key Metrics Changes - Market conditions in the U.S. for golf equipment remain healthy, with rounds played approximately flat on a playable hour adjusted basis [8] - Conditions in the UK and Northern Europe markets are strong, while Asia and Central Europe are softer year-over-year [9] - The athleisure category in the Active Lifestyle segment is down mid to high single digits during Q2 [11] Company Strategy and Development Direction - The company closed the sale of Jack Wolfskin, enabling greater business focus and financial flexibility for Topgolf [4] - The company is committed to ongoing cost reduction and margin improvement initiatives, which have been beneficial in the current operating environment [6] - The strategic process for Topgolf is ongoing, with both a spin and sale being evaluated, although a spin is now impractical for the second half of the year [15][80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the golf equipment segment, citing healthy consumer engagement and upcoming product launches [10] - The company is optimistic about the improving trends in same venue sales at Topgolf, driven by value initiatives and enhanced customer experience [12][39] - Management acknowledged the challenges posed by tariffs, increasing the estimated impact from $25 million to $40 million for the year [5][45] Other Important Information - The company reported an increase in available liquidity to $1,160 million as of June 30, 2025, primarily due to cash proceeds from the sale of Jack Wolfskin [32] - Net debt decreased to $2,390 million, down from $2,620 million year-over-year, reflecting improved cash balances [33] - The company expects to be free cash flow positive at both the total company and Topgolf in 2025 [38] Q&A Session Summary Question: Can you talk about the robust process regarding the spin and sale of Topgolf? - Management confirmed that the strategic direction remains unchanged, with only the timing of a potential spin being affected due to leadership changes [42][80] Question: What is the current health of the golf industry and drivers of the improving golf equipment business? - Management noted that the golf equipment business remains healthy, with consumer engagement strong and sell-through up low single digits [49] Question: What were the biggest contributors to the value initiatives at Topgolf? - Management highlighted the success of the Sunday Fun Pass and other value offerings, which significantly increased traffic and improved customer perception [57] Question: Can you provide an update on cost reduction efforts and labor efficiency initiatives? - Management indicated that teams have executed well on cost reduction, with improvements in labor efficiency and service speed contributing to stable margins [66] Question: How is the TravisMathew business trending? - Management reported that while the athleisure market is down, the women's category within TravisMathew continues to perform well [72]

Core Insights - Gildan Activewear has appointed S&S Activewear as the exclusive wholesale distributor for its brands in the Canadian imprintables market, effective December 28, 2025 [1][3]. Group 1: Partnership Details - The partnership aims to enhance product availability and streamline the ordering process for Gildan's Canadian customers through S&S Activewear's distribution network [2][3]. - S&S Activewear will provide improved service with inventory depth that allows for one and two-day service to over 99% of the Canadian population [3]. Group 2: Company Background - Gildan is a leading manufacturer of basic apparel, offering products such as activewear, underwear, and socks, marketed under various brands including Gildan, American Apparel, and Champion [4][5]. - The company operates large-scale manufacturing facilities primarily in Central America, the Caribbean, North America, and Bangladesh, with a strong commitment to ESG practices [5]. Group 3: S&S Activewear Overview - S&S Activewear, founded in 1988, is a major distributor of apparel and accessories in North America, offering over 100 brands and operating more than 6 million square feet of warehouse space [6]. - The company serves a diverse customer base, including retail brands, e-commerce companies, and garment decorators [6].

Financial Data and Key Metrics Changes - Total company revenue decreased 6% year-over-year to $797 million, with earnings per share at $0.50, reflecting a sequential improvement in trends across all regions [5][27][30] - Net income was $60 million, resulting in diluted earnings per share of $0.50, exceeding expectations due to better-than-anticipated results at both Michael Kors and Jimmy Choo [27][30] - Gross margin was approximately flat at 63%, with higher tariffs negatively impacting gross margin by 30 basis points [30][31] Business Line Data and Key Metrics Changes - At Michael Kors, revenue decreased 6% year-over-year, with retail and wholesale channels showing similar trends [5][28] - Jimmy Choo's revenue decreased 6.4% year-over-year, with retail sales declining mid-single digits and wholesale declining double digits [16][29] - Accessories at Michael Kors saw strong full-price sell-throughs, while footwear revenue was down double digits, driven by a decline in the dress category [12][17] Market Data and Key Metrics Changes - Revenue in The Americas decreased 9%, while EMEA revenue increased 6%, and Asia revenue declined 15% [28] - Michael Kors revenue in The Americas decreased 8%, while EMEA increased 9% and Asia declined 16% [28] - Jimmy Choo's revenue in The Americas decreased 12%, with EMEA increasing 1% and Asia decreasing 14% [29] Company Strategy and Development Direction - The company is focused on stabilizing its business in fiscal 2026 while laying a foundation for growth in fiscal 2027, with strategic initiatives aimed at reenergizing its luxury brands [4][5][24] - A significant store renovation program is planned, targeting approximately 50% of the store fleet over the next three years to enhance consumer experience [14][39] - The company aims to achieve $4 billion in revenues for Michael Kors and $800 million for Jimmy Choo over time, leveraging data analytics and consumer insights [15][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about early signs of strategic initiatives working, with expectations for trends to improve in the second half of fiscal 2026 [24][41] - The global macroeconomic environment remains dynamic, with updated guidance reflecting increased tariff rates impacting cost of goods sold [34][37] - The company anticipates a gradual sequential improvement in trends supported by new product deliveries and marketing initiatives [38][39] Other Important Information - The Versace transaction is expected to close in 2025, with proceeds aimed at substantially reducing debt [72][74] - The company is focused on reducing promotional activity, particularly in the outlet channel, to improve gross margins [60][62] Q&A Session Summary Question: Can you elaborate on recent sell-through trends on product launches across direct-to-consumer and wholesale? - Management noted that strategic storytelling and marketing changes have led to improved consumer engagement and sell-throughs, particularly in full-price channels [44][46] Question: How do you expect pricing trends to translate to margins in the back half of this fiscal year? - Management indicated that while tariffs will impact margins, strategic initiatives and reduced promotional activity are expected to support gross margin expansion in fiscal 2027 [54][58] Question: Are you seeing signs that consumers are following you into the retail channel? - Management confirmed that closing underperforming stores has led to a reevaluation of market presence, with plans to reopen stores in certain areas where the brand was previously absent [93][95]

Financial Performance - Capri Holdings' revenue decreased by 60% (-77% Constant Currency) in 1Q Fiscal Year 2026 [11] - Michael Kors' revenue decreased by 59% (-73% Constant Currency) in 1Q26 [18] - Jimmy Choo's revenue decreased by 64% (-92% Constant Currency) in 1Q26 [25] - The adjusted EPS was $050, driven by better than anticipated results at Michael Kors and Jimmy Choo as well as a discrete tax benefit [11] Strategic Initiatives & Outlook - Capri Holdings expects revenue of approximately $815 - $835 million for 2Q26 and approximately $3375 - $345 billion for Fiscal Year 2026 [27] - The company anticipates net interest income of approximately $15 million for 2Q26 and approximately $85 - $95 million for Fiscal Year 2026 [27] - The company expects a diluted earnings per share (Continuing Operations) of approximately $010 - $015 for 2Q26 and approximately $120 - $140 for Fiscal Year 2026 [27] Versace Sale - Capri Holdings entered into an agreement to sell Versace to Prada for $1375 billion in cash [6] - The transaction is expected to close in the second half of calendar 2025 [6] - Capri plans to use the proceeds to substantially reduce debt levels, invest in future growth, and reinstate a share repurchase program in the future [8] Customer Database - The customer database increased by 9% versus prior year [11] - Global database increased 9% year-over-year for Michael Kors [18] - Global database increased 9% year-over-year for Jimmy Choo [25]

Core Insights - Solo Brands, Inc. reported a significant focus on transforming into a smaller, profit-driven business model, achieving nearly $11 million in cash from operations for Q2 2025 [2][3] - The company faced challenges in the Solo Stove segment due to excessive inventory and a shift away from a promotional sales strategy, while Chubbies showed strong growth with a 13.1% increase in sales [2][5] - The company successfully refinanced its debt, eliminated the going concern disclaimer, and reinstated trading of its Class A common stock under the new ticker symbol SBDS [2][12] Financial Performance - For Q2 2025, net sales decreased to $92.3 million, down 29.9% from $131.6 million in Q2 2024, primarily due to declines in the Solo Stove segment [5][9] - Gross profit for Q2 2025 was $56.6 million, representing 61.3% of net sales, a decrease of 150 basis points compared to the prior year [5][9] - Operating expenses decreased by $14.0 million to $66.4 million, a reduction of 17.4%, mainly due to lower marketing and distribution costs [5][9] Segment Performance - Solo Stove segment net sales fell to $38.3 million, a decline of 45.8%, primarily due to reduced direct-to-consumer sales [5][9] - Chubbies segment net sales increased to $44.5 million, up 13.1%, with segment EBITDA improving to $11.5 million, or 25.8% of net sales [9][25] - Adjusted EBITDA for the company was $10.5 million, or 11.4% of net sales, compared to $15.5 million, or 11.7% of net sales in the prior year [5][9] Balance Sheet and Cash Flow - As of June 30, 2025, cash and cash equivalents were $18.1 million, up from $12.0 million at the end of 2024, while inventory decreased to $84.1 million from $108.6 million [8][27] - The company reported a net loss of $20.8 million for Q2 2025, compared to a net loss of $4.0 million in Q2 2024 [5][9] - Total liabilities included $10.0 million in borrowings under the revolving credit facility and $241.2 million under the term loan as of June 30, 2025 [10][11]

Core Viewpoint - Marimekko Corporation will release its Half-year Financial Report for the period of January 1 to June 30, 2025, on August 14, 2025, at 8:00 a.m. EEST, with related materials available on its website [1][2] Company Overview - Marimekko is a Finnish lifestyle design company known for its original prints and colors, offering a product portfolio that includes high-quality clothing, bags, accessories, and home décor items [2] - Founded in 1951, Marimekko has established a strong identity through its unique printed fabrics [2] - In 2024, the company reported net sales of EUR 183 million and a comparable operating profit margin of 17.5 percent [2] - The company operates approximately 170 stores globally and serves customers in 39 countries through its online store [2] - Key markets for Marimekko include Northern Europe, the Asia-Pacific region, and North America [2] - The company employs around 480 people and is listed on Nasdaq Helsinki Ltd [2]

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Business Overview - Superior Group of Companies operates three diversified businesses: Branded Products, Healthcare Apparel, and Contact Centers[9] - The company has shown revenue growth across all business segments, with a consolidated Compound Annual Growth Rate (CAGR) of 8%[11] - The company has paid uninterrupted dividends since 1977[10] Financial Performance - In 2024, total revenue was $566 million, compared to $377 million in 2019[12] - Branded Products revenue was $354 million in 2024, up from $228 million in 2019[12] - Healthcare Apparel revenue was $118 million in 2024, slightly up from $119 million in 2019[12] - Contact Centers revenue significantly increased to $93 million in 2024 from $31 million in 2019[12] Segment EBITDA (2024) - Branded Products EBITDA was $36287 thousand[87] - Healthcare Apparel EBITDA was $8749 thousand[87] - Contact Centers EBITDA was $12176 thousand[87]