NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, today reports an increase in U.S. holiday spending beyond traditional retail, with consumers driving triple-digit year- over-year growth across entertainment (+130%), experiences (+115%) and automotive products (100%), such as vehicle maintenance and repairs, from December 1 through Monday, December 22, signaling a clear shift toward experiential and high-value practical purchases this season. The results underscore s ...

There was no shortage of legal issues affecting the footwear industry in 2025. While trademark complaints made up the bulk of the legal dramas this year, other disputes made headlines as well. More from WWD From White Mountain’s battle with Birkenstock to Steve Madden sparring with Adidas, FN rounds up 9 of the biggest legal dramas in footwear in 2025. White Mountain Footwear Hits Back on Birkenstock Clog ‘Knockoff’ Lawsuit White Mountain Footwear and its parent company American Exchange Group are fig ...

Key Takeaways November CPI rose 2.7% year over year, below expectations, easing pressure on Federal Reserve policy meeting.AS expects 21.5% earnings growth next year, with current-year earnings estimates up 10.7% in the past 60 days.ROKU's current-year earnings growth tops 100%, and its earnings estimates jumped 83.3% over the past 60 days.The Federal Reserve cut interest rates in December but signaled only one rate cut in 2026, given that inflation remains high. However, a soft inflation reading for Novemb ...

Nike slumped 9.6%, as the impact from tariffs overshadowed an otherwise strong quarterly profit report. Frozen potato maker Lamb Weston fell 19.8%, despite also beating Wall Street's profit and revenue forecasts. Stocks rose in morning trading on Wall Street Friday and further trimmed losses from earlier in the week for several major indexes. The S&P 500 jumped 0.8%, adding to gains made on Thursday. The Dow Jones Industrial Average rose 283 points, or 0.6%, as of 10:05 a.m. Eastern. The Nasdaq jumped 1% an ...

Core Insights - Carnival Corporation & plc (CCL) reported strong fourth-quarter fiscal 2025 results, with adjusted earnings exceeding estimates while revenues fell slightly short [1][4][9] Financial Performance - Adjusted earnings per share (EPS) for Q4 was 34 cents, surpassing the Zacks Consensus Estimate of 25 cents, and up from 14 cents in the same quarter last year [4][9] - Revenues for the quarter reached $6.33 billion, a 6.6% increase year-over-year, but below the consensus estimate of $6.36 billion [4][9] - Adjusted net income rose over 60% to $454 million compared to $186 million in the prior-year quarter [6][9] - Adjusted EBITDA for the quarter was $1.48 billion, up from $1.22 billion year-over-year [6] Operational Highlights - Passenger ticket revenues increased to $4.05 billion from $3.85 billion in the prior-year quarter, aligning with estimates [5] - Onboard and other revenues grew to $2.27 billion from $2.08 billion year-over-year, also exceeding estimates [5] Balance Sheet and Liquidity - As of November 30, 2025, cash and cash equivalents stood at $1.9 billion, up from $1.2 billion in the prior-year period, with total liquidity of $6.4 billion [7] - Total debt decreased to $26.64 billion from $27.48 billion year-over-year [7] Future Outlook - The company anticipates continued momentum into fiscal 2026, projecting double-digit earnings growth and return on invested capital to exceed 13.5% [3][9] - For Q1 fiscal 2026, adjusted EBITDA is expected to be approximately $1.24 billion, with adjusted net income near $235 million and adjusted EPS of 17 cents [13] - For the full fiscal 2026, adjusted EBITDA is projected at approximately $7.63 billion, with adjusted net income anticipated to be nearly $3.5 billion and adjusted EPS of $2.48 [13] Booking and Demand Trends - Strong booking momentum is evident, with two-thirds of capacity for the upcoming year already secured at higher prices [8][10] - Total customer deposits as of November 30, 2025, were $7.25 billion, up from $6.77 billion in the previous quarter [11]

Key Takeaways ONON's APAC sales rose 94% Y/Y in Q3, now making up 18.2% of total revenue versus 11.7% last year.China, Japan, and Southeast Asia drove ONON's 106.6% nine-month APAC sales increase to CHF 384.6M.A Tokyo flagship and athletic exposure are boosting ONON's brand presence across key APAC markets.The Asia-Pacific (APAC) region has emerged as the primary engine for On Holding AG’s (ONON) next phase of global expansion. During the third quarter of 2025, APAC delivered its fourth consecutive period o ...

Upgrades - Keefe Bruyette upgraded Bain Capital Specialty Finance (BCSF) to Outperform from Market Perform with an unchanged price target of $16, citing attractive entry point for shares [2] - JPMorgan upgraded Paccar (PCAR) to Overweight from Neutral with a price target of $133, increased from $108, due to offsetting tariff-related headwinds following the latest Section 232 proclamation [3] - Wells Fargo upgraded Generac (GNRC) to Overweight from Equal Weight with a price target of $195, up from $186, highlighting a "near-free call option" on data center growth after recent share pullback [4] - Barclays upgraded Cummins (CMI) to Overweight from Equal Weight with a price target of $546, increased from $515, reflecting new emissions rules and reduced R&D expenses [5] - Citizens upgraded Stryker (SYK) to Outperform from Market Perform with a price target of $440, citing reasonable valuation at current share levels [5] Downgrades - Wedbush downgraded Lyft (LYFT) to Underperform from Neutral with a price target of $16, down from $20, due to risks from autonomous vehicle disruption in the U.S. ridesharing market [6] - JPMorgan downgraded Lockheed Martin (LMT) to Neutral from Overweight with a price target of $515, up from $465, based on out-year cash flow estimates being below consensus [6] - Raymond James downgraded Allegiant Travel (ALGT) to Outperform from Strong Buy with a price target of $98, up from $78, citing valuation concerns after recent share strength [6] - Deutsche Bank downgraded Elevance Health (ELV) to Hold from Buy with a price target of $320, down from $332, due to reduced estimates and challenging macro environment [6] - Williams Trading downgraded Birkenstock (BIRK) to Hold from Buy with a price target of $51, down from $75, following earnings report and lack of clarity from management [6]

Core Insights - NIKE Inc. reported second-quarter fiscal 2026 results with revenues of $12.43 billion, a 1% year-over-year increase, and earnings per share (EPS) of 53 cents, a 32% decline from the previous year, but above the Zacks Consensus Estimate [1][2][9] Financial Performance - EPS of 53 cents fell 32% year-over-year but exceeded the Zacks Consensus Estimate of 37 cents [2] - Revenues improved 1% year-over-year to $12.43 billion, surpassing the consensus estimate of $12.14 billion [2] - NIKE Direct revenues decreased 8% to $4.6 billion, driven by a 14% drop in NIKE Brand Digital and a 3% decline in NIKE-owned stores [3] - Wholesale revenues increased 8% to $7.5 billion, primarily due to growth in North America [3] Regional Performance - North America revenues rose 9% year-over-year to $5.63 billion, despite a 10% decline in NIKE Direct [7] - EMEA revenues increased 3% year-over-year to $3.39 billion, but were flat on a currency-neutral basis [8] - Greater China revenues plummeted 17% year-over-year to $1.42 billion, with NIKE Digital down 36% [9] - APLA revenues decreased 4% year-over-year to $1.67 billion [10] Cost and Margin Analysis - Gross profit fell 6.3% year-over-year to $5.05 billion, with gross margin contracting 300 basis points to 40.6% due to higher product costs and inventory obsolescence [11] - Selling and administrative expenses rose 1% to $4.04 billion, while demand creation expenses increased 13% to $1.27 billion [12][13] Balance Sheet and Shareholder Returns - Cash and cash equivalents stood at $7 billion, down nearly 13% year-over-year, with short-term investments totaling $1.37 billion [14] - Inventories totaled $7.7 billion, down 3% year-over-year, and the company returned $598 million to shareholders in the fiscal second quarter [15] Future Outlook - Management projects Q3 revenues to decline low single digits, with modest growth in North America [16] - Anticipated gross margin decrease of 175-225 basis points, with SG&A expenses expected to rise in low single digits [17]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - WhiteFiber, Inc. (WYFI) is up 21% at $17.35 [3] - Rising Dragon Acquisition Corp. (RDAC) is up 21% at $12.63 [3] - Julong Holding Limited (JLHL) is up 13% at $3.45 [3] - Linkhome Holdings Inc. (LHAI) is up 11% at $12.50 [3] - A SPAC III Acquisition Corp. (ASPC) is up 9% at $13.09 [3] - Intuitive Machines, Inc. (LUNR) is up 7% at $11.61 [3] - Ascent Solar Technologies, Inc. (ASTI) is up 7% at $3.31 [3] - Bitmine Immersion Technologies, Inc. (BMNR) is up 6% at $30.39 [3] - Velo3D, Inc. (VELO) is up 5% at $12.10 [3] - Gain Therapeutics, Inc. (GANX) is up 4% at $2.36 [3] Premarket Losers - cbdMD, Inc. (YCBD) is down 17% at $1.60 [4] - Mega Fortune Company Limited (MGRT) is down 16% at $7.33 [4] - Cassava Sciences, Inc. (SAVA) is down 14% at $2.43 [4] - NIKE, Inc. (NKE) is down 10% at $59.01 [4] - InMed Pharmaceuticals Inc. (INM) is down 6% at $1.21 [4] - Datacentrex, Inc. (DTCX) is down 5% at $3.23 [4] - Abundia Global Impact Group Inc (AGIG) is down 5% at $1.50 [4] - PSQ Holdings, Inc. (PSQH) is down 5% at $1.00 [4] - Paranovus Entertainment Technology Ltd. (PAVS) is down 4% at $2.34 [4] - Worksport Ltd. (WKSP) is down 4% at $2.09 [4]

UK-based Birkenstock reported fiscal year 2025 (FY25) revenue of €2.09bn ($2.44bn) for the year ended 30 September 2025, surpassing the company’s previously issued guidance. It represents a 16% year-on-year increase and on a constant currency basis, revenue rose 18%, ahead of its 15-17% growth outlook. Net profit increased 82% to €348.3m while earnings per share (EPS) rose to €1.87 from €1.02 a year earlier. Adjusted net profit grew 44% to €345.6m and adjusted earnings per share increased 45% to €1.85. ...