Net Income Per Diluted Share of $1.84 and Non-GAAP Net Income Per Diluted Share of $1.90 for the Third Quarter, Both Exceeding GuidanceNet Sales of $988.6 Million for the Third QuarterRaises GAAP and Non-GAAP Net Income Per Diluted Share GuidanceMaintains Strong Cash and Availability PositionIntroduces First Ever Quarterly Dividend of $0.10 Per Share NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) (“G-III” or the “Company”) today reported results for the third quarter ...

Core Viewpoint - Nike is undergoing a significant restructuring and turnaround strategy under CEO Elliott Hill, which is reflected in its stock performance and leadership changes [3][4][5][6]. Company Overview - Nike, headquartered in Beaverton, Oregon, is a leading global designer, marketer, and retailer of athletic footwear, apparel, and sports equipment, with a market cap of approximately $97.1 billion [2]. Stock Performance - Nike's stock has seen a 20.3% pullback from its 52-week high of $82.44, closing at $65.82, and has declined 16.2% over the past year and 13% year-to-date [1]. Leadership Restructuring - The company is restructuring its senior leadership team to streamline decision-making and enhance consumer connections, with key changes including the elevation of Venkatesh Alagirisamy to Chief Operating Officer [4][5]. Turnaround Strategy - Nike's "Win Now" plan aims to rebuild its wholesale business, reignite innovation, and correct past missteps in its direct-to-consumer strategy, amidst internal restructuring and external economic pressures [6][7]. Financial Performance - In Q1 FY2026, Nike reported revenue of $11.7 billion, a 1% increase year-over-year, with wholesale revenue rising 7% to $6.8 billion, while Nike Direct revenues fell 4% to $4.5 billion [9][10]. - Gross margin decreased by 320 basis points to 42.2%, leading to a 31% drop in net income to $0.7 billion and a 30% decline in earnings per share to $0.49 [11]. Geographic Performance - North America saw a 4% revenue increase, while Greater China experienced a nearly 9% decline, impacting overall results [12]. Future Outlook - Management expressed cautious optimism, expecting Q2 revenues to decline in low single digits and gross margins to decrease by 300 to 375 basis points [13]. - Analysts predict EPS to be around $1.65 for fiscal 2026, down 23.6% year-over-year, but forecast a significant recovery to $2.58 in fiscal 2027 [13]. Analyst Expectations - RBC Capital maintains an "Outperform" rating with an $85 price target, citing progress in inventory management and a stronger operational position entering 2026 [14][15]. - The consensus rating for Nike stock is "Moderate Buy," with an average price target of $82.76, indicating a potential upside of 25.5% [16].

Core Viewpoint - NIKE Inc. is facing significant challenges due to channel disruption, margin pressure, and uneven regional recovery, leading to a decline in stock performance and profitability [2][3][27]. Financial Performance - NIKE's stock has dropped approximately 11.1% over the past three months, slightly outperforming the Shoes and Retail Apparel industry's decline of 12.1% but underperforming the broader sector's dip of 7.2% and the S&P 500 index's growth of 6.9% [4][5]. - The company anticipates a low-single-digit revenue decline for Q2 fiscal 2026, impacted by reduced promotions and a reset in digital demand [8][12]. - The Zacks Consensus Estimate indicates a 2.4% year-over-year sales decline and a 24.1% drop in earnings per share (EPS) for fiscal 2026, with a projected recovery in fiscal 2027 showing 5% sales growth and 54.2% EPS growth [17]. Operational Challenges - Greater China remains a significant operational challenge, characterized by weak store traffic, sluggish sell-through, and a highly promotional digital marketplace, negatively affecting revenue quality and margins [3][13]. - NIKE's classic footwear franchises are still in a reset phase, further hindering overall performance [3][13]. - The company is experiencing persistent margin pressure due to higher input costs, increased wholesale discounting, and rising tariffs, with gross margins expected to decline by 300-375 basis points in Q2 fiscal 2026 [14]. Strategic Initiatives - NIKE is focusing on cleaning up inventory and repositioning its digital business towards higher full-price selling, which is expected to reinforce long-term brand health [21]. - The company is implementing a strategic "Sport Offense" reorganization aimed at enhancing product focus, accelerating innovation, and strengthening brand storytelling across key sports [20]. Valuation Concerns - NIKE's current forward 12-month price-to-earnings (P/E) ratio stands at 31.33X, which is higher than the industry average of 27.13X and the S&P 500's average of 23.44X, raising concerns about whether the stock's valuation is justified [23][24]. - The elevated valuation reflects high investor expectations for growth, but the company may be vulnerable in a cautious market environment [26]. Long-term Outlook - Despite near-term pressures, NIKE's long-term fundamentals remain strong, with momentum in performance categories and early signs of wholesale recovery [20][28]. - The company's strategic initiatives and brand strength suggest potential for a durable rebound once market conditions stabilize [22][28].

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Core Viewpoint - G-III Apparel Group, Ltd. is set to release its third quarter fiscal 2026 earnings on December 9, 2025, with a conference call scheduled for 8:30 a.m. ET to discuss the results [1]. Company Overview - G-III Apparel Group, Ltd. is a global fashion leader specializing in design, sourcing, distribution, and marketing, owning and licensing over 30 prominent brands [3]. - The company owns ten iconic brands, including DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, and licenses more than 20 sought-after names in global fashion, such as Calvin Klein, Tommy Hilfiger, and Levi's [3]. Conference Call Details - Participants can register in advance for the conference call via a provided link, receiving a confirmation email with dial-in details [2]. - The call will also be accessible through a live audio webcast, with a replay available on the company's Investor Relations website [2].

Core Insights - The competitive landscape between NIKE Inc. and Steven Madden Ltd. highlights their distinct market positions, with NIKE as a leader in performance sports and Steven Madden focusing on fashion-forward casual footwear [1][2] NIKE Inc. (NKE) - NIKE's investment case is supported by its significant scale and leadership in the global athleticwear market, with Q1 fiscal 2026 revenue reaching $11.72 billion, indicating the effectiveness of its "Win Now" strategy [3][4] - The brand experienced a more than 20% surge in running sales, and North America saw an 11% increase in wholesale, maintaining its status as a leading sportswear brand among younger consumers [4][5] - NIKE's strategic initiatives include a new Sport Offense structure aimed at enhancing product innovation and cultural relevance, alongside efforts to reset classic franchises and focus on key growth categories [5][6] - Despite challenges such as digital softness and tariff pressures leading to a gross margin decline to 42.2%, NIKE's management remains confident in returning to double-digit margins over time [6] - The Zacks Consensus Estimate for NIKE's fiscal 2026 sales suggests a modest year-over-year growth of 0.8%, with EPS expected to decline by 24.1% [12] Steven Madden Ltd. (SHOO) - Steven Madden presents a differentiated investment case with strong brand equity and diversified category exposure, achieving a 6.9% revenue growth in Q3 and expanding gross margin to 43.4% [8][11] - The company benefits from a multi-brand portfolio and a robust presence with 397 stores and seven e-commerce sites, appealing to Gen Z and millennial consumers [7][10] - Product innovation and disciplined pricing strategies are driving demand, particularly in high-demand categories like boots and casual footwear [9][11] - The Zacks Consensus Estimate for Steven Madden's 2025 sales indicates a year-over-year growth of 10.3%, with EPS expected to decline by 40.1% [14] - Steven Madden's stock has increased by 37% over the past three months, reflecting improving analyst sentiment and expectations for continued growth [8][16] Valuation and Performance Comparison - NIKE shares have declined by 17.8% in the past three months, while Steven Madden's stock has seen significant growth [16] - NIKE is trading at a forward P/E multiple of 30.29X, slightly below its five-year median, indicating a potential opportunity for long-term investors [18][19] - In contrast, Steven Madden's forward P/E multiple is at 18.32X, above its historical median, suggesting elevated market expectations for continued recovery and growth [18][20] - The analysis indicates that NIKE is viewed as a stable leader, while Steven Madden is perceived as a growth story with higher expectations [21] Conclusion - NIKE remains a global icon with unmatched scale, but the near-term outlook favors Steven Madden due to stronger price performance and improving analyst expectations [25][26] - Steven Madden's relative affordability and operational improvements strengthen its investment case, making it a compelling opportunity for growth-focused investors [26][27]

Core Viewpoint - NIKE, Inc. is recognized as one of the top stocks to buy according to Wall Street analysts, with BTIG initiating coverage and giving it a Buy rating, setting a price target of $100 for the stock [1][2]. Group 1: Analyst Ratings and Projections - BTIG has projected that NIKE's earnings per share (EPS) will reach $1.70 for fiscal year 2026 and $2.75 for fiscal year 2027, indicating confidence in the company's recovery [2]. - The firm anticipates that NIKE can return to operating margins above 12% in the long term, with an estimated EPS of around $3.50 for fiscal year 2028 as the recovery progresses [2]. Group 2: Company Overview - NIKE, Inc. is a multinational corporation that designs, manufactures, and markets athletic footwear, apparel, equipment, and accessories under the Nike, Converse, and Jordan brands [3]. Group 3: Recovery Progress - BTIG noted that while NIKE has made solid progress in its recovery, there is still significant work to be done [1].

Core Viewpoint - Jim Cramer suggests that NIKE, Inc. is a stock to buy, emphasizing the need for a turnaround under new leadership, particularly focusing on revitalizing the distribution network and addressing challenges in the Chinese market [1] Group 1: Company Overview - NIKE, Inc. is an athletic and casual footwear, apparel, equipment, and accessories company, selling products under brands such as Nike, Jordan, and Converse [2] Group 2: Management and Strategy - The new CEO, Elliott Hill, is expected to reinvent the business by returning to traditional brick-and-mortar distribution and fostering innovation that was lacking under the previous management [1] - There is a significant amount of inventory in the system, which is currently suppressing earnings [1] - The management team is reportedly aligned and motivated, as Hill is well-regarded by employees [1] Group 3: Market Challenges - Analysts are recognizing that a quick turnaround for NIKE is unlikely, indicating that such transformations require time [1] - The company faces specific challenges in the Chinese market that cannot be resolved quickly [1]

Brand Performance - Nike's CEO Elliot Hill should consider selling the underperforming Converse footwear brand [1]

Group 1 - G-III Apparel Group, Ltd. is making significant investments to relaunch the DKNY, Donna Karan, and Karl Lagerfeld brands, which is expected to accelerate business growth [1] - The company has entered new agreements with brands such as Converse and BCBG, further enhancing its growth potential [1] - Ongoing digitization efforts and international expansion, particularly in Europe, are key strategies for the company's future growth [1]