Core Viewpoint - Capri Holdings (CPRI) is expected to report a quarterly loss of $0.16 per share, reflecting a year-over-year decline of 138.1%, with anticipated revenues of $982.81 million, down 19.6% from the previous year [1] Revenue Estimates - The consensus estimate for 'Revenue- Versace' is $195.54 million, indicating a decline of 25.9% from the prior-year quarter [3] - Analysts predict 'Revenue- Michael Kors' will reach $660.03 million, representing a decrease of 19.7% from the year-ago quarter [4] - 'Geographic Revenue- Americas' is expected to be $527.03 million, down 18.5% from the previous year [4] - 'Geographic Revenue- Asia' is projected at $168.26 million, indicating a decline of 24.9% from the prior-year quarter [5] - 'Geographic Revenue- EMEA' is anticipated to reach $292.33 million, reflecting a decrease of 17% from the year-ago quarter [5] Operational Income - The average prediction for 'Income from operations- Michael Kors' is $36.42 million, a significant drop from $116 million reported in the same quarter of the previous year [6] Stock Performance - Capri Holdings shares have increased by 13% over the past month, outperforming the Zacks S&P 500 composite, which rose by 8.2% [6]

Financial Performance - Ralph Lauren Corporation reported fourth-quarter sales growth of 8% year-on-year to $1.70 billion, exceeding analyst expectations of $1.64 billion [1] - Adjusted EPS for the quarter was $2.27, surpassing the consensus estimate of $2.00 [1] Future Outlook - For Fiscal Year 2026, the company anticipates low-single-digit revenue growth on a constant currency basis, primarily in the first half of the fiscal year [3] - The company projects revenue growth of around single digits for the first quarter compared to the same period last year on a constant currency basis [2] Stock Performance and Analyst Ratings - Following the earnings announcement, Ralph Lauren shares fell 1.4% to $273.58 [3] - Analysts have adjusted their price targets for Ralph Lauren, with Jefferies raising it from $250 to $328 and Barclays from $260 to $321, while BMO Capital raised it from $197 to $205 [8]

Core Insights - Canada Goose reported a robust financial performance for Q4 of fiscal year 2025, demonstrating resilience and strategic foresight in a complex market environment [1] - The company achieved a 7.4% year-over-year revenue growth, driven by direct-to-consumer (DTC) channels and strong performance in the Asia-Pacific region [2][4] - The brand's innovative product strategies and effective retail execution have solidified its competitive edge in the high-end functional apparel market [5][11] Revenue Growth and Market Performance - In Q4 of fiscal year 2025, Canada Goose's global revenue reached CAD 1.3484 billion, reflecting a 1.1% increase year-over-year [2] - The DTC channel saw a comparable sales growth of 6.8%, contributing significantly to overall revenue growth [2] - The Asia-Pacific region experienced a revenue increase of 15.2%, with Greater China showing a 7.9% growth, validating the effectiveness of localized strategies [4] Product Innovation and Brand Strategy - Canada Goose has focused on product innovation, launching new collections such as the Sea Mantra series and eyewear, which led to a 19% increase in global brand search volume [5] - The introduction of the Snow Goose capsule collection by creative director Haider Ackermann has enhanced brand storytelling and market presence [5] - The brand's diverse product offerings, including lightweight down jackets and accessories, have attracted a broader customer base while reinforcing its position in the functional apparel sector [5] Retail Operations and Supply Chain Efficiency - The company has optimized retail operations through enhanced customer experience and supply chain improvements, resulting in a significant increase in comparable store conversion rates [7] - Canada Goose's inventory management has shown a positive trend, with inventory decreasing by 13.75% year-over-year to CAD 384 million, marking the sixth consecutive quarter of decline [7] - The brand's high proportion of locally manufactured products has ensured supply chain stability and reduced trade risks, enhancing the high-end market experience [7] Strategic Focus for Future Growth - For fiscal year 2026, Canada Goose plans to concentrate on marketing investment, category expansion, retail business development, and operational efficiency as core strategic areas [8][9] - The brand aims to increase marketing spending as a percentage of overall revenue to enhance brand visibility and cultural relevance [8] - Canada Goose will continue to refine its product structure, focusing on core items while innovating within existing categories to meet diverse consumer needs [9] Integrated Strategic Framework - Canada Goose's four strategic pillars are interconnected, creating a dynamic cycle of demand insight, product innovation, experiential delivery, and efficiency support [11] - The brand's approach transforms high-end brand attributes into tangible consumer experiences and measurable operational efficiency, solidifying its position in the high-end market [11] - The company's financial report serves as a model for navigating market cycles, emphasizing direct consumer engagement, localized marketing, and product innovation to build resilience against external risks [11][12]

Group 1 - Superior Group of Companies, Inc. (SGC) will participate in the Barrington Research Spring Investment Conference on May 29, 2025, with virtual investor meetings hosted by CEO Michael Benstock and CFO Mike Koempel [1] - Established in 1920, Superior Group of Companies operates in three business segments: Healthcare Apparel, Branded Products, and Contact Centers, targeting large and growing markets [2] - The company focuses on enhancing shareholder value through a combination of organic growth and strategic acquisitions, emphasizing service, quality, advanced technology, and omnichannel commerce as competitive advantages [2]

Core Insights - Ralph Lauren reported an 8% revenue growth in Q4 and 7% for the full fiscal year 2025, exceeding guidance due to strong international performance [1][3] - Adjusted operating profits increased by 24%, supported by a significant rise in gross margins [2][3] Revenue Performance - International markets, particularly Europe and Asia, now account for the majority of total revenue, with Europe growing by 16% and Asia by 13%, while China exceeded 20% revenue growth [2][3] - The company achieved record revenues in its international businesses, contributing to overall revenue diversification and reducing reliance on North American markets [3] Profitability and Margins - Adjusted gross margin increased by 260 basis points to 69.2% in Q4, contributing to the 24% rise in adjusted operating profit [2] - The company has reported eight consecutive years of average unit retail growth, driven by proactive pricing strategies and supply chain diversification [4] Supply Chain Strategy - Ralph Lauren has diversified its supply chain to mitigate tariff risks, ensuring no single country accounts for more than 20% of production [4][5] - The company employs pricing power and supply chain optimization to protect gross margins amid macroeconomic challenges [5] Capital Allocation - Free cash flow for fiscal 2025 reached $1 billion, allowing for $625 million in shareholder returns through buybacks and dividends, alongside a new $1.5 billion share repurchase authorization [6][7] - The company is strategically investing in real estate, exemplified by the acquisition of its New York Soho Polo flagship [6] Future Guidance - For fiscal 2026, revenue growth is projected in the low-single-digit percentages, with cautious assumptions for the second half due to tariffs and consumer uncertainty [9] - Operating margin is expected to expand modestly, with gross margin remaining flat as AUR growth and discount reductions offset tariff impacts [9]

Core Viewpoint - V.F. Corporation (VFC) reported a narrower-than-expected loss per share in the fourth quarter of fiscal 2025, despite a sales miss, with revenues declining year over year but improvements in earnings and margins [1][2][3] Financial Performance - Adjusted loss per share was 13 cents, better than the Zacks Consensus Estimate of a loss of 15 cents, and improved from a loss of 30 cents per share in the same quarter last year [2] - Net revenues were $2.14 billion, down 5% year over year, and below the consensus estimate of $2.18 billion [2] - Adjusted gross margin expanded by 560 basis points to 53.4% due to lower material costs and improved inventory quality [3] Revenue Breakdown - Revenues in the Americas fell 6% year over year, while EMEA revenues decreased by 4% and APAC revenues were flat [5] - Wholesale revenues declined by 4%, and direct-to-consumer revenues were down 5% year over year [6] - The Outdoor segment saw a revenue increase of 5% to $1.28 billion, while the Active segment declined by 18% to $645.3 million [7] Future Outlook - Management projects a revenue decline of 3-5% on a constant dollar basis for the first half of fiscal 2026, with Q1 expected to be the smallest quarter of the fiscal year [11] - An operating loss of $110-$125 million is anticipated for Q1, with gross margins expected to rise year over year [12] - Adjusted operating income is forecasted to expand year over year in fiscal 2026, with higher free cash flow expected compared to fiscal 2025 [13] Cost-Saving Initiatives - The company has achieved its initial target of $300 million in gross cost savings by the end of fiscal 2025 and aims for $500-$600 million in net operating income expansion through the next phase of its Reinvent program [10]

Core Insights - Ralph Lauren Corporation (RL) reported strong fourth-quarter fiscal 2025 results, with both top and bottom lines increasing year over year and exceeding the Zacks Consensus Estimate, highlighting the company's brand momentum and strategic execution [1][2] Financial Performance - Adjusted earnings per share for RL were $2.27, surpassing the consensus estimate of $2.00, and reflecting a 32.7% increase from $1.71 in the same quarter last year [2] - Net revenues grew 8% year over year to $1,697 million, exceeding the Zacks Consensus Estimate of $1,635 million, with a 10% increase on a constant-currency basis [2] - Global direct-to-consumer comparable store sales increased by 13%, supported by brand elevation and positive retail comps across all regions and channels [3] Segment Performance - North America: Revenues increased 6% year over year to $705 million, with retail channel comps rising 9% [4] - Europe: Revenues rose 12% year over year to $526 million, with retail channel comps up 18% and digital sales increasing by 25% [5] - Asia: Revenues increased 9% year over year to $432 million, with comps up 15% [6] Margins and Costs - Adjusted gross profit margin expanded by 200 basis points year over year to 68.6%, driven by favorable product mix and lower cotton costs [8] - Adjusted operating expenses rose 9% year over year to $990 million, with operating margin increasing by 160 basis points to 10.3% [9] Financial Position - As of the end of fiscal 2025, RL had cash and short-term investments of $2.1 billion, total debt of $1.1 million, and total shareholders' equity of $2.6 billion [10] - The company repurchased nearly $425 million of Class A Common Stock in fiscal 2025 and announced a new $1.5 billion share repurchase program [11] Shareholder Returns - RL returned approximately $625 million to shareholders through dividends and stock repurchases, with a 10% increase in the quarterly cash dividend to $0.9125 per share [12] Outlook - For fiscal 2026, RL anticipates low-single-digit revenue growth in constant currency, with stronger momentum expected in the first half [14] - Management expects operating margin to expand modestly, with capital expenditures projected to be 4% to 5% of revenues [16]

Core Insights - Ralph Lauren reported revenue of $1.7 billion for the quarter ended March 2025, reflecting an 8.3% increase year-over-year and a surprise of +3.83% over the Zacks Consensus Estimate of $1.63 billion [1] - The company's EPS for the quarter was $2.27, up from $1.71 in the same quarter last year, resulting in an EPS surprise of +13.50% compared to the consensus estimate of $2.00 [1] Revenue Performance - North America net revenues were $704.70 million, exceeding the average estimate of $690.73 million, with a year-over-year change of +5.5% [4] - Other Licensing net revenues were $35.50 million, slightly above the average estimate of $35.47 million, but down -3.3% year-over-year [4] - Asia net revenues reached $431.60 million, surpassing the average estimate of $424.40 million, marking a +9.5% year-over-year increase [4] - Europe net revenues were $525.50 million, exceeding the average estimate of $494.79 million, with a year-over-year change of +12% [4] - Retail net revenues totaled $1.06 billion, above the estimated $1.02 billion, representing an +11.4% change year-over-year [4] - Wholesale net revenues were $602.50 million, exceeding the average estimate of $585.58 million, with a +3.9% year-over-year change [4] Stock Performance - Ralph Lauren shares have returned +28.9% over the past month, outperforming the Zacks S&P 500 composite's +13.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - The company reported an 8% top line growth for the full year, with adjusted operating profits growing 24% [9] - Fourth quarter revenue growth was 10%, exceeding the 6% to 7% outlook, driven by strong performance in both direct-to-consumer and wholesale channels [26] - Total company adjusted gross margin expanded by 260 basis points to 69.2%, driven by average unit retail (AUR) growth and favorable mix shifts [27] Business Line Data and Key Metrics Changes - Core product sales grew low double digits in the fourth quarter, with notable growth in cable knit sweaters and outerwear [16] - High potential categories, including women's apparel, outerwear, and handbags, increased by high teens [17] - Direct-to-consumer (DTC) sales, which comprise two-thirds of the business, saw a 13% increase in comparable sales [18] Market Data and Key Metrics Changes - By region, Europe led performance with a 16% sales increase, followed by Asia at 13% and North America at 6% [26] - In China, sales grew more than 20%, supported by strong consumer engagement and marketing activations [34][110] - North America maintained healthy trends with mid-single-digit growth, despite exiting 60 department store doors [30] Company Strategy and Development Direction - The company is focused on elevating its lifestyle brand, driving core product growth, and expanding in key cities through a consumer ecosystem [10][18] - Investments will continue in brand desirability, market share, and technology to enhance consumer engagement [10] - The company plans to remain agile and prudent in resource allocation while pursuing long-term growth opportunities [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging global operating environment, including uncertainties around tariffs and consumer behavior [9][22] - Despite macro pressures, the company is well-positioned due to a transformed business model and strong balance sheet [9][10] - The outlook for fiscal 2026 anticipates low single-digit revenue growth, with a cautious view on the second half of the year due to macroeconomic indicators [37][38] Other Important Information - The company generated $1 billion in free cash flow, returning $625 million to shareholders through dividends and repurchases [25] - Marketing investments increased to 7.3% of sales, with plans to maintain this level in the upcoming fiscal year [28][76] - The company acquired its global Polo flagship location in SoHo, Manhattan, as part of its real estate strategy [36][80] Q&A Session Summary Question: How is the company thinking about the health of consumers across regions in today's uncertain backdrop? - Management noted strong brand momentum and resilience in their business model, with no change in the underlying trajectory across regions [49][52] Question: How should the company approach pricing strategy for fiscal 2026? - The company plans to assess pricing actions to offset tariff impacts while maintaining AUR growth [58][62] Question: Can you provide more detail on revenue expectations by geography for the first quarter? - The company expects high single-digit growth in Asia, mid-single-digit growth in Europe, and a cautious outlook for North America [71] Question: What are the plans for marketing spend and high-potential categories? - Marketing spend is expected to remain at 7.3% of revenue, with continued focus on women's apparel, outerwear, and handbags [76][78] Question: What is the outlook for the U.S. wholesale channel? - The company is encouraged by stabilization in the wholesale channel and plans to continue refining its distribution strategy [86][89] Question: How is the company performing in Europe and what is the outlook for operating margins? - Europe delivered strong growth with a focus on key city strategies, and management is optimistic about continued momentum [96][99]

Financial Data and Key Metrics Changes - The company reported a 10% revenue growth in Q4, exceeding the 6% to 7% outlook, driven by strong performance in both direct-to-consumer and wholesale channels [24][22] - For the full year, total revenue growth was 8%, with adjusted operating profits increasing by 24% [8][22] - Adjusted gross margin expanded by 260 basis points to 69.2%, supported by average unit retail (AUR) growth and favorable product mix [26][22] - Free cash flow for the year was $1 billion, with $625 million returned to shareholders through dividends and repurchases [23][22] Business Line Data and Key Metrics Changes - Core product sales grew low double digits in Q4, with notable growth in cable knit sweaters and outerwear [15][16] - High potential categories, including women's apparel, outerwear, and handbags, increased by high teens [16][15] - Digital ecosystem sales grew in the high teens, led by Europe [25][24] Market Data and Key Metrics Changes - North America revenue increased by 6%, with retail comps up 9% [28][30] - Europe saw a 16% revenue increase, with retail comps up 18% [30][31] - Asia's revenue grew by 13%, with China leading at over 20% growth [32][33] Company Strategy and Development Direction - The company is focused on elevating its lifestyle brand, driving core product sales, and expanding in key cities [10][11] - Investments in technology, data, AI, and analytics are prioritized to enhance consumer engagement and operational efficiency [10][21] - The company aims to maintain a strong balance sheet while navigating macroeconomic challenges [21][34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging global operating environment but expressed confidence in the brand's resilience and growth potential [8][21] - The outlook for fiscal 2026 anticipates low single-digit revenue growth, with a cautious view on the second half of the year due to macroeconomic pressures [35][36] - The company plans to assess additional pricing actions to mitigate tariff impacts [37][38] Other Important Information - The company opened 83 new stores globally, focusing on key cities, particularly in Asia [18][30] - Marketing investments increased to 7.3% of sales, with plans to maintain this level in the upcoming fiscal year [27][72] - The acquisition of the global Polo flagship location in SoHo is part of a strategy to enhance key city ecosystems [34][76] Q&A Session Summary Question: How is the company thinking about the health of consumers across regions in today's uncertain backdrop? - Management noted strong brand momentum and resilience among elevated consumers, despite general consumer pressure from the geopolitical and economic environment [48][49] Question: How should the company approach pricing strategy for fiscal 2026? - The company plans to assess pricing actions and leverage its diversified supply chain to manage cost headwinds effectively [56][58] Question: What is the outlook for the U.S. wholesale channel? - The company is encouraged by stabilization in the wholesale channel and plans to continue refining its distribution strategy [82][84] Question: Can you discuss the strong performance in China? - China delivered a strong quarter with over 20% growth, supported by effective marketing activations and expanding store footprint [100][104] Question: What are the expectations for gross margin in fiscal 2026? - The company expects gross margins to be flat for the year, with a stronger first half due to durable tailwinds from AUR growth and discount reductions [106][106]