Group 1 - Fossil Group, Inc. will report its fourth quarter and full year 2025 financial results on March 11, 2026, after market close [1] - A conference call to discuss the financial results will take place at 5:00 p.m. ET on the same day, accessible via the company's investor relations website [1] - The call will be archived for replay, allowing investors to access the information at a later time [1] Group 2 - Fossil Group, Inc. specializes in lifestyle accessories, including watches, jewelry, handbags, small leather goods, belts, and sunglasses [2] - The company operates a diverse portfolio of both owned and licensed brands, such as Fossil, Michele, Relic, Skagen, Zodiac, Armani Exchange, Diesel, Emporio Armani, Michael Kors, Skechers, and Tory Burch [2] - Fossil Group is committed to design and innovation, supported by an extensive distribution network across various geographies, categories, and channels [2]

Tapestry recently reported better than expected earnings driven by outperformance in its coach brand. Bloomberg's Romaine Bostick and Katie Greifeld spoke with Koch CEO Todd Kohn about the brand's recent resurgence gen-z shopping trends and the accessible luxury landscape. We focused very much on trying to figure out Gen Z.I often say we're an overnight success story, six years in the making, and Stuart and I many years ago recognized among other people at Coach as well that we we were too much often consid ...

Core Insights - Fossil Group, Inc. has appointed Shannon Freeze as Chief People and Communications Officer, effective February 23, 2026, reporting to CEO Franco Fogliato [1][2] - Freeze will oversee global communications, engagement, diversity, human resources, talent management, and total rewards [1] Group 1: Leadership Appointment - Shannon Freeze brings extensive international experience and a diverse industry background to Fossil Group [2] - Her previous role was at Texas Instruments, where she held various HR leadership positions for 13 years [3] - Freeze aims to enhance the company's talent strategy and leadership effectiveness while supporting its long-term strategic plan [4] Group 2: Company Overview - Fossil Group, Inc. specializes in lifestyle accessories, including watches, jewelry, handbags, and more [5] - The company operates under a diverse portfolio of owned and licensed brands, including Fossil, Michele, and Michael Kors [5] - Fossil Group is committed to design and innovation across its brand offerings and has a broad distribution network [5]

Financial Data and Key Metrics Changes - The company reported a total revenue growth of 10% for the third quarter, exceeding the mid-single-digit outlook, with Asia leading at 22% growth, followed by North America at 8% and Europe at 4% [23][32] - Adjusted gross margin expanded by 140 basis points to 69.8%, driven by average unit retail (AUR) growth and a favorable mix shift towards full-price businesses [24][34] - AUR grew by 18% in the third quarter, significantly above the initial guidance of high single digits, supported by strong full-price selling trends and reduced discounting [24][55] Business Line Data and Key Metrics Changes - Core product sales grew in low double digits, driven by strong demand in categories such as cotton cable knits and children's programs [13][24] - High-potential categories, including women's apparel and handbags, increased in high teens, outpacing total company growth [13][15] - The direct-to-consumer (DTC) business in North America increased by 7%, with significant quality of sales gains across channels [26] Market Data and Key Metrics Changes - Asia's revenue increased by 22%, with retail comp growth of 20%, driven by strong performance in China, which grew over 30% [30][32] - North America saw a revenue increase of 8%, with retail comps up 7%, while Europe experienced a 4% revenue increase, maintaining strong brand momentum [25][27] - The digital ecosystem sales grew in mid-teens, reflecting growth across all regions, particularly led by Asia [23][30] Company Strategy and Development Direction - The company is focused on its three-year strategic plan, "Next Great Chapter: Drive," which aims to elevate the lifestyle brand, drive core products, and expand in key cities [8][20] - The strategy emphasizes a shift towards full-price DTC sales and reducing reliance on off-price channels, with a commitment to operational agility and leveraging advanced technology [7][20] - The company plans to continue expanding its consumer ecosystems in top cities globally, enhancing customer engagement through immersive experiences [16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's resilience and relevance across generations, despite navigating an uncertain global environment [20][39] - The outlook for fiscal 2026 has been raised, expecting constant currency revenues to increase high single to low double digits, reflecting strong execution and improved market conditions [32][34] - Management remains cautious about the North American operating environment due to ongoing consolidation in the wholesale channel [32][33] Other Important Information - The company added 2.1 million new consumers to its DTC businesses in the third quarter, building on last year's record results [11] - The launch of "Ask Ralph," an AI-powered digital shopping assistant, is expected to enhance customer engagement and provide valuable first-party data [18][80] - The company opened 32 new stores globally, including key locations in China and Europe, as part of its expansion strategy [18] Q&A Session Summary Question: How to sustain longer-term brand momentum with increased marketing budget? - Management emphasized the importance of cultural moments and experiences in attracting consumers, alongside consistent execution across marketing and product offerings [43][45] Question: What are the drivers of the raised outlook for the fourth quarter? - Management noted continued global momentum across regions and channels, with solid underlying demand despite expected moderation in growth due to timing of wholesale receipts [47][48] Question: What drove the 18% AUR growth and is there price resistance? - Management attributed AUR growth to reduced promotional activity and strong full-price demand, with no observed price resistance from core customers [51][55] Question: Can you quantify the performance spread between full-price stores and outlets in Europe? - Management confirmed that full-price stores led growth, allowing for a strategic pullback on outlet promotions, which is part of a long-term brand elevation strategy [59][62] Question: What is the impact of increased marketing investment on Europe margins? - Management indicated that increased marketing investments in Europe pressured margins but were necessary for long-term growth, with strong returns expected [70][73]

Core Insights - J.C. Penney experienced declines in both net sales and net income in Q3, but noted progress in customer engagement and marketing efforts [3][4][7] - The retailer's marketing initiatives led to a 1% increase in trip frequency, marking the 18th consecutive month of improvement in this metric [4] - Celebrity partnerships, including those with Shaquille O'Neal and Ashley Graham, are expected to continue as part of the brand's strategy [3] Financial Performance - Total Q3 net sales decreased by 3.8% year over year to $1.36 billion, while total revenues fell 5.4% to just over $1.4 billion [7] - The net loss for Q3 widened by 488% to $100 million, although consolidated adjusted EBITDA for the first nine months of the fiscal year rose significantly to $172 million from $66 million in 2024 [7] - Gross margin contracted from 38.7% to 38%, with improvements noted in beauty, home, and children's categories [7] Market Position and Strategy - J.C. Penney gained 20% more loyalty customers and outperformed rivals in store traffic by approximately 180 basis points in Q3 [4] - The company aims to be a key shopping destination for diverse working families, despite challenges faced by its target demographic [5] - Analysts suggest that while a 3.8% sales decline positions J.C. Penney lower in the department store sector, the trend indicates potential stabilization in sales [6]

分组1 - Zacks Premium offers various tools for investors to enhance their stock market confidence and knowledge, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum characteristics [2][6] 分组2 - The Value Score identifies attractive and discounted stocks using financial ratios such as P/E and Price/Sales, appealing to value investors [3] - The Growth Score focuses on a company's future prospects by analyzing projected and historical earnings, sales, and cash flow, catering to growth investors [4] - The Momentum Score assists investors in capitalizing on price trends by evaluating recent price changes and earnings estimate revisions [5] 分组3 - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investment strategies [6] - The Zacks Rank, a proprietary stock-rating model, relies on earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +23.81% since 1988, significantly outperforming the S&P 500 [7][8] 分组4 - To maximize returns, investors should target stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while also considering stocks with a 3 rank if they possess high Style Scores [9] - The direction of earnings estimate revisions is crucial when selecting stocks, as a stock with a low rank but high Style Scores may still face downward price pressure [10] 分组5 - Wolverine World Wide, Inc. specializes in designing, manufacturing, and distributing a variety of footwear and apparel, recognized for brands like Merrell and Hush Puppies [11] - Currently, Wolverine World Wide holds a 3 (Hold) Zacks Rank with a VGM Score of A, and a Momentum Style Score of A, having seen a 9.1% increase in shares over the past four weeks [12] - With positive earnings estimate revisions and a strong earnings surprise average of +31.8%, Wolverine World Wide is positioned as a noteworthy investment opportunity [12][13]

Core Insights - lululemon athletica inc. (LULU) and Guess? Inc. (GES) are positioned differently in the global apparel market, with LULU focusing on premium athleisure and GES as a heritage lifestyle brand [2][3] Group 1: lululemon (LULU) - LULU has achieved a 7% revenue growth in Q3 of fiscal 2025, with international revenues increasing by 33% and China Mainland revenues up by 46% in constant currency [5][6] - The company's "Power of Three x2" plan aims to double men's, digital, and international revenues by 2026, emphasizing product innovation and category expansion [6] - Despite its premium positioning, LULU faces challenges from rising trade and tariff pressures, which have impacted gross margins [7][8] - LULU's stock trades at a forward P/E of 15.97X, which is below its 3-year median of 37.04X but above GES's 9.7X [21][22] Group 2: Guess (GES) - GES has a strong international presence, particularly in Europe and Asia, and focuses on categories like denim and handbags [9][10] - In Q3 of fiscal 2026, GES reported improved gross margins due to lower promotions and better inventory discipline, despite macro pressures [13] - GES's stock has shown a total return of 47.4% over the past six months, outperforming LULU's decline of 9% [19] - The company is prioritizing margin expansion and cash generation, with ongoing investments in digital platforms and omni-channel capabilities [12][13] Group 3: Comparative Analysis - The Zacks Consensus Estimate for GES suggests an 8% year-over-year sales growth for fiscal 2026, while LULU's estimate indicates a 4.5% growth [14][16] - Recent estimate revisions for GES reflect growing investor confidence, while LULU's estimates show a decline in EPS [14][18][26] - Overall, GES is viewed as a more compelling investment choice due to its attractive valuation, steady international growth, and disciplined cost management [25][26]

Core Insights - J.Jill reported quarterly earnings of $0.76 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, but down from $0.89 per share a year ago, resulting in an earnings surprise of +31.03% [1] - The company generated revenues of $150.53 million for the quarter ended October 2025, surpassing the Zacks Consensus Estimate by 1.57%, although this represents a decline from $151.26 million year-over-year [2] - J.Jill shares have declined approximately 40.3% year-to-date, contrasting with the S&P 500's gain of 16.3% [3] Earnings Outlook - The future performance of J.Jill's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $142.5 million, and for the current fiscal year, it is $2.41 on revenues of $598.3 million [7] Industry Context - The Retail - Apparel and Shoes industry, to which J.Jill belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - The performance of J.Jill's stock may also be influenced by the overall industry outlook, as empirical research shows a strong correlation between stock movements and earnings estimate revisions [5]

Financial Data and Key Metrics Changes - Total company net sales for Q3 increased by 6.2% to $85.1 million compared to $80.2 million in Q3 of fiscal 2024 [10] - Gross profit was $41.9 million, representing 49.2% of net sales, down from 50% in the same period last year [11] - Net income for Q3 was $2.7 million, or $0.21 per share, compared to $4.3 million, or $0.34 per share in Q3 of the previous year [14] Business Line Data and Key Metrics Changes - The wholesale channel increased by 6.7%, while the direct-to-consumer segment grew by 5.5% [10] - The e-commerce site saw triple-digit growth in site traffic late in the quarter, contributing to strong performance [6] Market Data and Key Metrics Changes - The company experienced record sales during the Black Friday and Cyber Monday weekend in the direct-to-consumer segment [8] - Inventory at the end of Q3 was $75.9 million, up from $63.8 million a year ago, primarily due to higher inventory carrying value from tariffs [15] Company Strategy and Development Direction - The company is focusing on enhancing customer experience through e-commerce improvements and strategic price increases [4][5] - A new dropship strategy was launched, initially focusing on shoes, with plans to expand into other categories [6] - The company is beginning to reinvest in marketing initiatives that had been previously scaled back [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory and the ability to navigate tariff challenges while maintaining quality [8] - The outlook for Q4 anticipates net sales growth of approximately 3%-7%, with adjusted operating income expected to be flat to 2% [16] Other Important Information - The company is managing supply chain disruptions effectively, with goods flowing smoothly despite sourcing changes [5] - The increase in income tax expense is attributed to the application of the estimated annual effective tax rate [14] Q&A Session Summary Question: Discussion on licensed products and future potential - Management is optimistic about the dropship initiative and its impact on e-commerce and store utilization [23] Question: Collaboration with other fashion brands - The company is exploring partnerships, particularly in denim, to enhance product offerings [24] Question: Store openings and future opportunities - Management is pleased with the reception of new stores and is monitoring e-commerce impacts, with cautious expansion plans [26] Question: Revenue growth drivers - Revenue growth was supported by stable unit sales despite price increases, indicating strong customer acceptance [36] Question: Trends in freight costs - Freight costs are increasing due to sourcing changes and timing, rather than inherent contract pricing [41]

Financial Data and Key Metrics Changes - Total company net sales for Q3 increased by 6.2% to $85.1 million compared to $80.2 million in Q3 of fiscal 2024 [10] - Gross profit was $41.9 million, representing 49.2% of net sales, down from 50% in the same period last year [11] - Net income for Q3 was $2.7 million, or $0.21 per share, compared to $4.3 million, or $0.34 per share in Q3 of the previous year [14] Business Line Data and Key Metrics Changes - The wholesale channel increased by 6.7%, while the direct-to-consumer segment grew by 5.5% [10] - The women's assortment saw price increases exceeding the overall average of approximately 6%, with unit sales remaining nearly flat compared to last year [4] Market Data and Key Metrics Changes - The company experienced triple-digit growth in site traffic late in the quarter, contributing to strong performance in the direct-to-consumer segment [6] - Record sales were achieved during the Black Friday and Cyber Monday weekend in the direct-to-consumer business [8] Company Strategy and Development Direction - The company is focusing on enhancing customer experience through e-commerce improvements and strategic price increases [4][5] - A new dropship strategy was launched, initially focusing on shoes, with plans to expand into other categories [6] - The company is beginning to reinvest in marketing initiatives that had been previously scaled back, seeing positive returns on these investments [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory and the ability to navigate tariff challenges while maintaining quality [8] - The outlook for the fourth quarter anticipates net sales growth of approximately 3%-7%, with direct-to-consumer growth expected to outpace total net sales growth [16] Other Important Information - Selling, general, and administrative expenses were $36.5 million, or 42.8% of net sales, compared to $34.3 million, or 42.8% of net sales in the same period last year [12] - The company expects approximately $4 million to $5 million of incremental tariff costs in the upcoming quarter [16] Q&A Session Summary Question: Discussion on licensed products and future potential - Management is optimistic about the dropship initiative and its impact on e-commerce and store utilization, particularly for new categories [21] Question: Collaboration with other fashion brands - The company is exploring partnerships in denim and is pleased with the collaboration with Citizens of Humanity [23] Question: Store openings and future opportunities - Management is satisfied with the reception of new stores in Nashville and Sacramento and is monitoring e-commerce impacts [25] Question: Inventory constraints and sales performance - Overall inventory position is good, and logistics improvements have helped maintain timely store refills [31] Question: Revenue growth drivers - Revenue growth was supported by stable unit sales at higher price points, with customers trading up [33] Question: Trends in freight costs - Freight costs are increasing due to changes in sourcing and timing, rather than inherent contract pricing [39]