Apparel

Search documents
Capri (CPRI) - 2026 Q1 - Earnings Call Transcript
2025-08-06 13:30
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]
Capri (CPRI) - 2026 Q1 - Earnings Call Presentation
2025-08-06 12:30
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]
Solo Brands, Inc. Announces Second Quarter 2025 Results
Globenewswire· 2025-08-06 11:30
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]
Release of Marimekko's Half-year Financial Report, 1 January–30 June 2025
Globenewswire· 2025-08-06 10:30
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]
X @The Wall Street Journal
The Wall Street Journal· 2025-08-06 02:30
James Dean wore their shoes. So did Elvis. Brad Pitt wears them today. The inside story of a trio of classic sneaker makers—SeaVees, Jack Purcells and P.F. Flyers—founded by a tire company.👟 https://t.co/Ul15eY1ezm https://t.co/AvcxydldnT ...
Superior of panies(SGC) - 2025 Q2 - Earnings Call Presentation
2025-08-05 21:00
SUPERIOR GROUP OF COMP INVESTOR PRESENTATION August 2025 HEALTHCARE APPAREL Kale& Avocados& Blueberries& Chocolate& instacart Family. Safe Harbor Statement This presentation may contain forward-looking statements about Superior Group of Companies within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and all rules and regulations issued there under. Such statements are based upon management's current expectations, projectio ...
Superior Group of Companies Reports Second Quarter 2025 Results
Globenewswire· 2025-08-05 20:05
Core Insights - The company reported total net sales of $144.0 million for the second quarter of 2025, representing a 9% increase from $131.7 million in the same period of the previous year [1][3] - Net income rose to $1.6 million, up from $0.6 million in the prior year second quarter, translating to earnings of $0.10 per diluted share compared to $0.04 per diluted share previously [1][3] - EBITDA for the quarter was $6.1 million, reflecting a 9% increase from $5.6 million in the second quarter of 2024 [1][3] Financial Performance - The company achieved a 9% growth in revenue, primarily driven by a 14% increase in Branded Products sales, indicating strong sequential improvement from the first quarter [2] - The pretax earnings for the second quarter were $1.8 million, up from $0.7 million in the same quarter of 2024 [3] - The company maintained its full-year revenue outlook in the range of $550 million to $575 million [6] Shareholder Returns - The Board of Directors declared a quarterly dividend of $0.14 per share, payable on August 29, 2025, to shareholders of record as of August 18, 2025 [4] - During the second quarter, the company allocated $4.0 million to repurchase approximately 390,000 shares, with $12.3 million remaining under its existing repurchase authorization at quarter end [5] Operational Strategy - The company is leveraging diverse sourcing channels and marketing strategies to navigate changing market conditions and invest for future growth [2] - The company continues to execute its stock repurchase plan, viewing it as a compelling value [2]
The spark of Hawy | Yassin Mohammed, Abdullah Oweis & Alex Avakian | TEDxYouth@BedayiaSchool
TEDx Talks· 2025-08-05 15:48
حاوي ماركه مصريه 100% بنحاول ان احنا نخلي التين ايجرز يعبروا عن نفسهم ويستاند اوت من خلال اللبس احنا في حي مش بس بنبيع لبس احنا بنساعد البيئه ان احنا بنعمل هدومنا في 99% قطن طبيعي مصري احنا لقينا مشكلتين هم ان احنا اولا مش لاقين مقاساتنا كتين ايدجز وثانيا عايزين نشتري هدوم ولبس باحسن كواليتي بسعر متنافس ومناسب ده اثنين يونيك بوينتسما ان احنا اولا بنستهدف جمهور واسع بان احنا عندنا مقاسات اطفال من سن 8 ل 11 وعندنا سن تين ايجز من سن 12 ل 19 وعندنا ادالتس فروم 20 بلس دي كده اول يونيك بوينت تاني يونيك بوينت هي ا ...
Stay Ahead of the Game With Under Armour (UAA) Q1 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2025-08-05 14:15
Wall Street analysts forecast that Under Armour (UAA) will report quarterly earnings of $0.03 per share in its upcoming release, pointing to a year-over-year increase of 200%. It is anticipated that revenues will amount to $1.13 billion, exhibiting a decrease of 4.3% compared to the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timef ...
*ST步森: 第七届董事会第二次会议决议公告
Zheng Quan Zhi Xing· 2025-08-04 16:35
Group 1 - The company held its seventh board meeting, with all nine directors present, complying with relevant laws and regulations [1][2] - The board approved a proposal to borrow RMB 20 million from Fangwei Tongchuang due to cash flow difficulties in daily operations, with an interest rate of 5.00% [1][2] - The management is authorized to handle the borrowing process and sign necessary contracts [1]