Group 1 - Wall Street analysts expect Levi Strauss (LEVI) to report quarterly earnings of $0.14 per share, reflecting a year-over-year decline of 12.5% [1] - Revenues are anticipated to be $1.37 billion, down 5.2% from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts' reassessment of their initial estimates [1][2] Group 2 - Analysts estimate 'Geographic Revenues- Americas' will reach $712.89 million, showing a year-over-year change of +0.1% [4] - 'Geographic Revenues- Europe' is projected to be $356.88 million, indicating a change of +0.8% from the prior-year quarter [4] - 'Geographic Revenues- Other Brands' is expected to be $34.25 million, suggesting a significant decline of -70.2% year over year [4] Group 3 - 'Geographic Revenues- Asia' is estimated at $261.86 million, reflecting a year-over-year change of +0.7% [5] - Over the past month, shares of Levi Strauss have returned +10.6%, outperforming the Zacks S&P 500 composite's +5.2% change [5] - Currently, LEVI holds a Zacks Rank 3 (Hold), indicating its performance may align with the overall market in the near future [5]

Core Viewpoint - The Singapore High Court has ordered Dynamic Treasure Group Ltd to return a 15.5% stake in SMCP to European Topsoho S.à r.l. This order must be complied with within one week of notification, although it remains subject to potential appeal [1][2]. Group 1: Company Overview - SMCP is a global leader in the accessible luxury market, featuring four Parisian brands: Sandro, Maje, Claudie Pierlot, and Fursac. The company operates in 53 countries and has over 1,600 stores globally, along with a strong digital presence [3]. - The company is led by CEO Isabelle Guichot and was founded by Evelyne Chetrite and Judith Milgrom in Paris in 1984 and 1998, respectively. Claudie Pierlot and Fursac were acquired by SMCP in 2009 and 2019 [3]. - SMCP is listed on the Euronext Paris regulated market, with the ISIN Code FR0013214145 and ticker SMCP [3].

By signing Cooper Flagg, Shohei Ohtani, Coco Gauff and other young superstars, the 119-year-old sneaker and apparel brand is on a mission to redefine its place in the sports hierarchy.Read more: https://t.co/EOJjszjTW8 https://t.co/ZZfD9Q1M2z ...

Core Viewpoint - Adidas AG has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The Zacks rating upgrade for Adidas reflects an improvement in the company's earnings outlook, which is expected to lead to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [5]. - Institutional investors often rely on earnings estimates to determine the fair value of a company's shares, leading to significant stock price movements based on their buying or selling activities [5]. Performance of Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Adidas to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [11]. Current Earnings Estimates for Adidas - Analysts expect Adidas to earn $4.32 per share for the fiscal year ending December 2025, with a 4.5% increase in the Zacks Consensus Estimate over the past three months [9].

Nike will face pressure to raise prices higher than expected after the US and Vietnam reportedly reached a new trade agreement that boosts tariffs https://t.co/Tf0xqERUtI ...

Core Viewpoint - Nike's stock experienced a significant rally of nearly 15% following its fourth-quarter earnings report, despite reporting a 12% drop in revenue and an 86% decline in profits, indicating a shift in investor sentiment towards a potential recovery story [1][2]. Financial Performance - Nike reported quarterly earnings of $0.14 per share, surpassing analyst expectations, which signals management's control over the business [3]. - The company's inventories remained flat year-over-year at $7.5 billion, a positive sign as it indicates effective inventory management and the ability to sell products at full price [4][5]. Strategic Developments - Nike introduced a new strategy called "sport offense," aimed at revitalizing its market position and focusing on innovative product launches [6][9]. - The company is intentionally reducing marketing for older sneaker lines, leading to a 26% drop in direct-to-consumer digital sales, which is viewed as a necessary short-term sacrifice for long-term gains [7][8]. Market Outlook - Analysts have upgraded their outlook on Nike, reflecting a growing belief in the company's recovery potential, with an average price target of $77.19 and some as high as $115.00 [9][10][11]. - The market is now focusing on Nike's comeback plan, moving past its historical struggles, which is seen as a vote of confidence in the company's future [10][11].

Core Viewpoint - Nike is undergoing a turnaround effort called "Win Now" to refocus on its performance-driven brand identity, despite recent financial challenges [4][10]. Financial Performance - For the fiscal 2025 fourth quarter, Nike reported revenue of $11.1 billion, a decrease of 12% from the previous year, and net income of $200 million, down 86% [9][10]. - The Converse brand experienced a significant revenue drop of 26%, totaling $357 million [9]. - For the full fiscal year, Nike's revenue was $46.3 billion, down 10%, with net income at $3.2 billion, reflecting a 44% decline [10]. Strategic Initiatives - The "Win Now" initiative focuses on fewer, more impactful products, with the running segment growing by high single digits and the Vomero 18 shoe achieving $100 million in sales within 90 days [5]. - Nike plans to enhance its digital presence and collaborate more closely with wholesale partners, including increased retail marketing efforts [6]. - The company is streamlining its leadership structure, with CEO Elliott Hill replacing 11 of 15 direct reports and reorganizing teams into sport-specific units [7]. Tariff and Production Challenges - Nike faces challenges from the U.S.-China trade/tariff war, with 16% of its footwear imports coming from China, which are subject to potential tariffs [11]. - The company is taking steps to reduce production in China to the high single digits by 2026 and plans to implement a "surgical price increase" in the U.S. due to tariffs, estimating a $1 billion cost from the tariff war [12][13]. Investment Considerations - Despite a recent 15% stock increase, there is still potential for long-term investment in Nike as it navigates its turnaround and tariff issues [14][15]. - Nike's stock is currently 57% below its all-time high from 2021, suggesting opportunities for gradual investment through dollar-cost averaging [15].

中国商务部：中方注意到美国与越南达成贸易协议的相关情况，正在开展评估。中国乐见各方通过平等磋商解决与美方经贸分歧，但坚决反对任何一方以牺牲中方利益为手段达成交易。如果出现这样的情况，将坚决予以反击。外汇交易员 (@myfxtrader):特朗普宣布，越南将对美国出口支付20%的关税，将对任何转口贸易支付40%的关税。越南市场对美国全面开放，越南将对美国商品实施零关税。#行情 耐克瞬间抹除超过3%的涨幅并短暂转跌。 ...

Core Insights - lululemon athletica inc.'s international business is a significant growth driver, with revenues in China Mainland increasing by 22% and Rest of World by 17% in constant currency for the first quarter of fiscal 2025 [1][10] - The company maintains its fiscal 2025 growth targets of 25-30% in China and 20% in other global markets [1] - Store expansion is a key strategy, with recent openings in Denmark and Turkey, and plans to enter Italy and launch in Belgium and the Czech Republic later in fiscal 2025 [2] North American Market Performance - North America, particularly the U.S., is showing signs of consumer caution, with revenues rising only 2% in the fiscal first quarter and comparable sales in the Americas declining by 1% [3][10] - The U.S. performance is attributed to softer traffic trends and a more discerning consumer, despite market share gains in premium activewear [3] - Canada experienced a 9% constant-currency growth, contrasting with the U.S. performance [3] International Growth vs. Domestic Challenges - The ability of international strength to offset North American softness remains uncertain, but lululemon's balance sheet and pricing power provide flexibility [4] - Early successes in overseas markets present a promising growth hedge, but long-term success depends on revitalizing demand in the U.S. while maintaining international momentum [4] Competitive Landscape - lululemon's key rivals, NIKE Inc. and Guess?, are facing their own challenges in the U.S. market, with NIKE emphasizing product innovation and Guess experiencing mixed results [5][6][7] - NIKE is focusing on growth in China and EMEA, while Guess has a strong international presence, particularly in Europe and Latin America [6][7] - lululemon's focus on the Asia-Pacific, especially China, creates limited overlap with its competitors in terms of geographic reach [8] Financial Metrics - lululemon shares have declined by 35.9% year to date, compared to the industry's decline of 24.7% [9] - The company trades at a forward price-to-earnings ratio of 16.33X, significantly higher than the industry's 11.46X [11] - The Zacks Consensus Estimate for fiscal 2025 earnings implies a year-over-year decline of 1%, while fiscal 2026 suggests growth of 8.3% [12]

Financial Data and Key Metrics Changes - Consolidated revenues for Q3 2025 were $610.8 million, an increase of 1.2% from $603.3 million in Q3 2024 [6][12] - Consolidated operating income decreased to $48.2 million from $48.5 million, a decline of 0.6% [12] - Net income increased to $39.7 million or $2.13 per diluted share, up from $38.1 million or $2.03 per diluted share [12] - Consolidated adjusted EBITDA increased to $85.8 million from $84.8 million, reflecting a 1.2% growth [12] - Effective tax rate increased to 25.7% compared to 22.9% in the prior year [12] Business Line Data and Key Metrics Changes - Core Laundry operations revenues were $533.2 million, an increase of 0.9% from the previous year [13] - Core Laundry organic growth was 1.1%, adjusting for acquisitions and currency fluctuations [14] - Specialty Garments segment revenues increased to $47.8 million from $47.6 million, a growth of 0.5% [15] - First Aid segment revenues increased to $29.8 million from $27.3 million, reflecting a 9% growth [17] Market Data and Key Metrics Changes - Customer retention improved compared to Q3 2024, although there was some softness in customer wearer levels [8] - Direct sales revenues were lower compared to the same quarter last year, impacting overall growth [9][66] Company Strategy and Development Direction - The company is focused on enhancing customer experience and operational execution through investments in people, technology, and infrastructure [5][10] - The ongoing ERP project is expected to drive long-term benefits, with current costs being capitalized rather than expensed [41][42] - The company aims to improve strategic pricing, procurement sourcing, and inventory management [10] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious mood among existing customers regarding investments, particularly in manufacturing sectors [21] - The pricing environment remains challenging, with potential future impacts from tariffs on vendor costs [24][45] - The company maintains its annual revenue guidance between $2.422 billion and $2.432 billion, while increasing diluted earnings per share guidance to $7.6 to $8 [18] Other Important Information - The company incurred approximately $5.7 million in advisory and legal costs during the quarter, with some related to prior strategic discussions [17][58] - Cash, cash equivalents, and short-term investments totaled $211.9 million, with no long-term debt [17] Q&A Session Summary Question: Can you unpack organic growth further? - Management characterized the existing customer base as cautious, with some targeted reductions in employment levels impacting growth [21][22] Question: Can you provide insight into pricing dynamics? - Management noted a fluid situation regarding pricing, with companies recovering from high inflation and potential tariff impacts [24][25] Question: How is the new sales environment today? - Management indicated that new sales have shown incremental positive momentum compared to six months ago, but not dramatically different [31] Question: What is the status of key initiatives and cost reductions? - Key initiative costs are primarily related to the ongoing ERP implementation, which is progressing well [40][41] Question: What impact are tariffs expected to have on costs? - Management explained that tariffs could impact garment sourcing costs, but the situation remains fluid [45][47] Question: How are labor costs currently? - Labor costs are stable, with improvements in execution and efficiency noted [55] Question: Can you clarify the strategic advisory and legal expenses? - The costs were related to prior strategic discussions and an ongoing legal matter, with an increased reserve built for the latter [58]