Core Viewpoint - The 8th China International Import Expo (CIIE) officially opened on November 5, showcasing a vibrant consumer exhibition area that attracted numerous visitors, including a fashionable robot that recently attended Paris Fashion Week [1] Group 1 - The CIIE features a consumer exhibition area that is engaging and entertaining, drawing significant public interest [1] - A notable highlight includes a robot, recognized as a fashion influencer, showcasing Burberry's latest products [1]

Core Insights - Under Armour Inc. reported second-quarter fiscal 2026 results that exceeded Wall Street expectations for earnings per share but fell short on full-year earnings guidance, leading to a more than 5% decline in share price during intra-day trading [1] Financial Performance - Earnings per share for the quarter were $0.04, surpassing consensus estimates of $0.02 [1] - Revenue for the quarter was $1.33 billion, slightly above the forecast of $1.31 billion, but represented a 5% decline year over year, or a 6% decline on a currency-neutral basis [1] - Gross margin decreased by 250 basis points to 47.3%, impacted by supply chain costs, higher tariffs, and an unfavorable product and regional mix [2] - Adjusted operating income, excluding transformation and restructuring expenses, was reported at $53 million [2] Future Guidance - For fiscal 2026, Under Armour projected earnings per share between $0.03 and $0.05, which is below the consensus estimate of $0.06 [3] - The company expects revenue to decline by 4% to 5%, with high-single-digit sales declines anticipated in North America and Asia-Pacific, partially offset by similar growth in EMEA [3] - Gross margin is expected to contract by 190 to 210 basis points, primarily due to increased U.S. tariffs, although favorable pricing and currency effects may mitigate some of the downside [3]

Core Insights - Ralph Lauren Corporation (RL) reported strong second-quarter fiscal 2026 results, with both revenue and earnings exceeding expectations and showing year-over-year growth, highlighting the company's brand strength and strategic execution [1][2][8] Financial Performance - Adjusted earnings per share reached $3.79, surpassing the consensus estimate of $3.45, and increased by 49% from $2.54 in the same quarter last year [2] - Net revenues grew by 17% year over year to $2,010 million, exceeding the Zacks Consensus Estimate of $1,896 million; on a constant-currency basis, revenues increased by 14% [2] - Global direct-to-consumer comparable store sales rose by 13%, supported by positive retail performance across all regions and channels [3][8] Regional Performance - North America: Revenues increased by 13% year over year to $832 million, with retail channel comps rising by 13% [4] - Europe: Revenues grew by 22% year over year to $688 million, with retail channel comps up by 10% [5] - Asia: Revenues rose by 17% year over year to $446 million, with comps increasing by 16% [6][9] Margins and Costs - Adjusted gross profit margin expanded by 100 basis points year over year to 68%, driven by a favorable product mix and lower cotton costs [10] - Adjusted operating income was $283 million, with an adjusted operating margin of 14.1%, an increase of 130 basis points year over year [11] Financial Position - As of the end of the second quarter, the company had cash and short-term investments of $1.6 billion, total debt of $1.2 million, and total shareholders' equity of $2.5 billion [12] - Inventory increased by 12% year over year to $1.3 billion [12] - The company repurchased nearly $63 million of Class A Common Stock and returned about $420 million to shareholders through dividends and stock repurchases [13] Outlook - Ralph Lauren raised its full-year fiscal 2026 guidance, expecting revenue growth of 5-7% and margin expansion, reflecting strong brand momentum [15][16] - For the fiscal third quarter, the company anticipates mid-single-digit revenue growth on a constant currency basis, with operating margin expected to expand by approximately 60 to 80 basis points [18]

Core Insights - Tapestry, the owner of Coach and Kate Spade, reported record revenue and a 16% sales growth for its fiscal Q1, yet shares fell by double digits despite these strong results [1][3][4] Financial Performance - The company achieved broad-based growth with double-digit increases, including high teens growth in North America and China, and over 30% growth in Europe [3] - Tapestry raised its outlook for the year, indicating confidence in both topline and earnings growth [4] Brand Performance - Coach was the primary driver of revenue, showing a standout performance with 21% growth, while Kate Spade experienced a 9% decline in sales [4][6] - Kate Spade's performance was slightly ahead of expectations, with ongoing efforts to reset the brand and a new marketing campaign launched [5][6] Consumer Trends - The consumer landscape shows resilience, with consumers being active and responsive to innovation and emotional connections with brands [7] - Tapestry is successfully acquiring younger consumers, leading to higher retention rates and increased frequency of purchases [8] Market Positioning - The company is expanding its market share by targeting young consumers, which is seen as a strategic move to grow the overall market [14] - Tapestry's handbags are positioned at a competitive price point, attracting consumers from higher-priced luxury brands [13][16] Holiday Outlook - The company remains optimistic about the holiday season, with strong performance continuing into Q2 and a focus on delivering value to consumers [10][11][12]

Core Insights - H&M collaborates with luxury ski and lifestyle brand Perfect Moment to launch a 28-piece capsule collection for the holiday season, featuring a mix of outerwear, knitwear, and accessories designed for après-ski and urban wear [1][2][3] Product Details - The collection includes key pieces such as a burgundy faux fur down-filled puffer jacket, a black and white star-print puffer jacket, burgundy leather trousers, a loop knit cardigan, and a matching knitted set [4] - Accessories feature in the collection include faux fur tall moon boots, short padded moon boots, pom-pom hats, wraparound sunglasses, and an oversized star-print wool and mohair scarf [4] Design and Aesthetic - The color palette incorporates Perfect Moment's signature black, white, and silver, along with new shades of burgundy and icy blue [5] - Materials used in the collection include faux fur, leather, lurex knit, merino wool, mohair, and cashmere blends, with design elements such as oversized hoods and jacquard trims enhancing both function and style [5]

Under Armour swung to a fiscal second-quarter loss as sales of its sportswear fell, a trend it warned is likely to continue during the balance of its fiscal year, as it struggles to regain a foothold in the key North America market https://t.co/9a3EpKkhTC ...

Core Insights - Tapestry Inc., the parent company of Coach and Kate Spade, reported record quarterly revenue and stronger-than-expected earnings [1] - The company raised its full-year guidance following the positive financial results [1] Financial Performance - Tapestry achieved record quarterly revenue, indicating robust sales growth [1] - Earnings exceeded market expectations, showcasing the company's strong operational performance [1] Future Outlook - The company has raised its full-year guidance, reflecting confidence in continued growth and performance [1]

Market Overview - Pre-market indexes are showing positive movement after a period of volatility, particularly since the government shutdown began in early October [1] - Among major indexes, only the small-cap Russell 2000 has been positive over the past five trading days, but it remains negative for the past month [2] Labor Market Indicators - Challenger Job Cuts for October reached 153,704, marking a +183% increase month over month and +175% year over year, indicating the worst October for job layoffs since 2009 [3] - The Chicago Fed Labor Market Indicator shows an unchanged unemployment estimate at +4.36%, with a +40% probability that this figure may be higher [4] Q3 Earnings Results - ConocoPhillips (COP) reported a +15% earnings beat with $1.61 per share, but shares are down -10% year to date [5] - AstraZeneca (AZN) had a modest earnings beat of 5 cents, with shares up +3.5% in early trading, having gained nearly +24% year to date [5] - Ralph Lauren (RL) outperformed expectations with earnings of $3.79 per share, boosting shares by +1.9% and up +37% year to date [6] - Planet Fitness (PLNT) reported earnings of 80 cents per share, exceeding expectations, and is now positive year to date with a +15.3% gain [6] - TripAdvisor (TRIP) saw a +7.9% gain after an +11% earnings beat, indicating strong consumer demand for vacations [7] - Tapestry (TPR) posted earnings of $1.38 per share, exceeding estimates, but shares are down -9% due to projected revenue slowdowns [7] - Moderna (MRNA) outperformed expectations by +76.3% with a loss of -$0.51 per share, but shares are still down more than -30% year to date [8]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive specializes in medium and small-cap markets while also keeping the community updated on blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Boxihe Outdoor Sports Group Co., Ltd. 伯 希 和 戶 外 運 動 集 團 股 份 有 限 公 司 (the ''Company'') The publication of this Appli ...