Trueblue (NYSE:TBI) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Company ParticipantsCarl Schweihs - EVP and CFOJessica Loos - Equity Research AssociateTaryn Owen - President and CEOConference Call ParticipantsMarc Riddick - Senior Equity AnalystMark Marcon - Senior Research Analyst covering Human Capital Technology & SolutionsOperatorGreetings, and welcome to the TrueBlue fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will f ...

The Cheesecake Factory (NasdaqGS:CAKE) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Company ParticipantsAndy Barish - Managing DirectorDavid Gordon - PresidentDavid Overton - Chairman and CEOEtienne Marcus - VP of Investor Relations and FinanceJeff Farmer - Managing DirectorMatt Clark - EVP and CFOConference Call ParticipantsBrian Harbour - Equity Research AnalystBrian Mullan - Equity Research AnalystBrian Vaccaro - Equity Research AnalystJeffrey Bernstein - Equity Research AnalystJim Salera - Equity ...

Financial Data and Key Metrics Changes - The company expects 2026 EBITDA margin to be slightly up compared to 2025, excluding Deliveroo, which is projected to contribute about $200 million of EBITDA [10][11][39] - The U.S. restaurant business contribution margin was up year-over-year in Q4, with expectations for continued margin improvement in 2026 [41][42] Business Line Data and Key Metrics Changes - New verticals, including retail and grocery, had a strong quarter and year, with 30% of miles in the U.S. coming from categories outside of restaurants [24][48] - The company aims to increase the percentage of miles from grocery and retail to 100% over time, with improvements in selection and efficiency driving growth [24][41] Market Data and Key Metrics Changes - The company reported high growth rates in the grocery sector, with no significant impact from competition, particularly from Amazon [47][50] - The company is expanding its capabilities with DashMart Fulfillment Services to enhance quality and compete effectively against larger players [50] Company Strategy and Development Direction - The company is focused on building an operating system for local commerce, integrating software, warehousing, and delivery infrastructure to support small and medium businesses [19][22] - Investments are being made in autonomous delivery platforms, with a vision for a fleet of vehicles to serve both urban and suburban areas [39][85] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position in Europe, highlighting faster growth compared to the U.S. and successful integration of Deliveroo [8][9] - The management emphasized the importance of maximizing long-term free cash flow through strategic investments in technology and service offerings [11][12] Other Important Information - The company is making significant investments in its global tech stack, with expectations for improved efficiency and feature development velocity [60][76] - The DashPass program is seen as critical for driving consumer engagement and order frequency, with plans to enhance its value proposition [66][69] Q&A Session Summary Question: Competitive intensity in Europe and investment levels for 2026 and 2027 - Management noted strong positioning in Europe and faster growth post-Deliveroo acquisition, with consistent investment levels expected [8][10] Question: Details on longer distance and higher effort deliveries - Management discussed the evolution of Dashers and the integration of software to support complex deliveries, emphasizing the need for improved pay models [18][22] Question: Strategy for autonomous delivery platform - Management outlined plans for a fleet of delivery vehicles, emphasizing the orchestration of deliveries between Dashers and autonomous vehicles [39][40] Question: Reasons for lower unit economics improvement in U.S. restaurant business - Management indicated that while margins are improving, the pace will be slower due to ongoing investments and seasonal factors [41][42] Question: Growth in grocery and perishables amid competition - Management reported continued high growth rates in grocery, asserting that consumer preference for choice supports their strategy [47][50] Question: Insights from Deliveroo acquisition - Management highlighted early successes and identified numerous small improvements that can enhance customer offerings [58][59] Question: Update on storefront software business and tech stack timing - Management confirmed positive integration with SevenRooms and expects significant tech stack benefits to materialize throughout 2026 [72][76]

The Macerich Company (NYSE:MAC) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Company ParticipantsAlexander Goldfarb - Managing DirectorAlexandra Johnstone - VP of Finance and Investor RelationsBrad Miller - Senior VP of Portfolio ManagementCaitlin Burrows - VPDan Swanstrom - Senior EVP and CFODoug Healey - Senior EVP of LeasingFloris van Dijkum - Managing DirectorGreg McGinniss - DirectorHaendel St. Juste - Managing DirectorJackson Hsieh - President and CEOMichael Griffin - DirectorOmotayo Okusanya - ...

Bausch Health (NYSE:BHC) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Company ParticipantsGaren Sarafian - VP and Head of Investor RelationsGlen Santangelo - Managing DirectorJJ Charhon - EVP and CFOJonathan Sadeh - CMO and Head of Research and DevelopmentLes Sulewski - VP of Spec Pharma and Biotech Equity ResearchThomas Appio - CEOUmer Raffat - Equity Research of Biotech, Pharma-major, and Specialty PharmaConference Call ParticipantsMichael Freeman - Equity Research AnalystNone - AnalystNone - Analy ...

Financial Data and Key Metrics Changes - The first quarter same-store sales for Jack in the Box decreased by 6.7%, with franchise restaurant same-store sales down 7% and company-owned same-store sales down 4.7% [17] - Jack's restaurant level margin percentage decreased to 16.1%, down from 23.2% [17] - Consolidated adjusted EBITDA was $68.2 million, down from $88.8 million in the prior year [23] - Earnings from continuing operations were $14.4 million for the first quarter of 2026, compared to $31 million for the same quarter a year ago [22] - GAAP diluted earnings per share from continuing operations for the first quarter was $0.75, compared to $1.61 in the same period of the prior year [23] Business Line Data and Key Metrics Changes - Franchise level margin was $84.1 million or 38.6% of franchise revenues, compared to $97.1 million or 40.9% a year ago [19] - There were 6 restaurant openings and 14 restaurant closures in the quarter [19] Market Data and Key Metrics Changes - Food and packaging costs as a percentage of sales were 29.7% for the quarter, increasing 380 basis points from the prior year due to commodity inflation of 7.1% [18] - Labor costs as a percentage of sales were 35.3%, increasing 200 basis points from the prior year [18] Company Strategy and Development Direction - The company is focused on simplifying the business and has made progress since the last quarter, including the sale of Del Taco and a significant paydown on debt [6][7] - The Jack OnTrack plan aims to bolster long-term financial performance by strengthening the balance sheet and positioning the company for sustainable growth [24] - The company is modernizing restaurants with cost-effective refreshes that improve curb appeal, generating modest sales lifts [14] Management's Comments on Operating Environment and Future Outlook - Management noted that Q1 results were choppy but broadly in line with expectations, with improvements starting in January [8] - The company expects steady improvement on the top line as it moves through 2026, focusing on fundamentals essential for sustainable growth [10] - Management remains confident that actions taken will lead to a stronger, more stable platform for growth [10] Other Important Information - The effective tax rate for continuing operations for the first quarter of 2026 was 32.4%, compared to 30% for the same quarter a year ago [22] - The company generated $10.9 million of proceeds from real estate sales in the first quarter, with associated gains of approximately $6.3 million [26] Q&A Session Summary Question: Trends observed in January and impact of weather - Management noted that January showed meaningful improvements, with same-store sales performing better than in Q1, even factoring in weather impacts [31] Question: Chicago performance and labor inefficiencies - Management acknowledged ongoing challenges in Chicago, citing a tough labor market and the need to dial in operations after opening multiple restaurants [34] Question: Support for franchisees amid margin pressures - Management indicated that while franchisees are facing pressure on margins, they are not providing blanket assistance but are evaluating individual cases [40] Question: Price-value equation in the current environment - Management has been able to take more price on the company side while ensuring value for customers, including lowering prices on certain bundles [44] Question: Breakfast performance relative to competitors - Breakfast has remained consistent for the company, with all-day breakfast being a core offering [65] Question: Regional performance and California market challenges - Management noted that California has been challenging, impacting both sales and profitability due to labor pressures [84]

Clearwater Paper (NYSE:CLW) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Company ParticipantsAmit Prasad - Equity Research AssociateArsen Kitch - President and CEOSean Steuart - Managing Director in Equity ResearchSherri Baker - SVP and CFOSloan Bohlen - Investor RelationsConference Call ParticipantsMike Roxland - Managing Director and Senior Equity Research AnalystOperatorHello, everyone. Thank you for joining us, and welcome to the Clearwater Paper fourth quarter and full year 2025 earnings confere ...

AVITA Medical (NasdaqCM:RCEL) Update / briefing February 18, 2026 05:00 PM ET Company ParticipantsBen Atkins - VP of Investor Relations and Corporate CommunicationsCary Vance - Interim CEODavid O'Toole - CFOCary VanceUnderstanding, trying to understand our business, wanting to become more, predictable, forecastable, credible, to, to understand how we might remove some of the noise and distraction as well around our, our covenants. And, the goal over the fourth quarter was not only to start, understanding ou ...

Figma (NYSE:FIG) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Company ParticipantsArjun Bhatia - Co-Group Head–Technology, Media, and CommunicationBrendan Mulligan - General Counsel and Corporate SecretaryDylan Field - Co-Founder and CEOGabriela Borges - Managing Director in Software Equity ResearchJack McShane - Equity Research AssociatePraveer Melwani - CFORishi Jaluria - Managing Director of Software Equity ResearchConference Call ParticipantsAlex Zukin - Senior Analyst for Enterprise SoftwareBill ...

Financial Data and Key Metrics Changes - The company reported Q4 2025 revenue of $304 million, representing a year-over-year growth rate of 40% [5][25] - For the full year 2025, total revenue reached $1.056 billion, up 41% year-over-year [25][29] - The non-GAAP operating margin for Q4 was 14%, with adjusted free cash flow margin at 13% [5][32] - The company ended the year with $1.7 billion in cash, cash equivalents, and marketable securities [5][32] Business Line Data and Key Metrics Changes - The net dollar retention rate for customers with more than $10,000 in ARR increased to 136%, up five percentage points quarter-over-quarter [5][26] - Weekly active users of Figma Make grew over 70% quarter-over-quarter, with over 50% of paid customers spending more than $100,000 in ARR using it weekly [12][25] - The company added 951 net customers spending more than $10,000 in ARR in Q4, and 143 net customers spending more than $100,000 in ARR, a 46% year-over-year growth [26][27] Market Data and Key Metrics Changes - International revenue grew 45% year-over-year, with international users representing approximately 85% of monthly active users and accounting for 54% of revenue in Q4 [28][29] - The company launched in India in November 2025, indicating ongoing international expansion efforts [29] Company Strategy and Development Direction - The company plans to continue investing in AI-native workflows and enhancing product capabilities to support customer adaptation to new working methods [33][34] - Figma aims to unify its product surfaces, particularly between Figma Make and Figma Design, to enhance user experience and drive adoption [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term cash-generating profile of the business despite a decline in adjusted free cash flow due to investments in infrastructure and AI [32][34] - The company anticipates revenue for Q1 2026 to be in the range of $315 million to $317 million, implying 38% growth at the midpoint [34] Other Important Information - The company acquired Weavy, enhancing its AI image, video, animation, and motion generation capabilities [20][24] - Stock-based compensation was elevated in 2025 due to various factors, but the company expects improvement as revenue scales [33] Q&A Session Summary Question: Insights on UI and UX with Emerging Agentic Layers - Management believes that while agents will take on more tasks, the need for human-readable visual interfaces will remain crucial, emphasizing the importance of design [39][40] Question: 2026 Guidance and Credit Consumption Monetization - Management indicated that guidance is based on observed seat adoption behavior and usage trends, with expectations for refinement as new features are introduced [42][43] Question: User Types and Figma Make Adoption - The company is seeing new user types, including product managers, engaging with Figma Make, which could lead to seat expansion [48][49] Question: Pricing and Revenue Impact - Management explained that the pricing changes implemented last year will continue to contribute to revenue growth, with a bell curve effect expected [54][57] Question: Competition in Prototyping Space - Management noted that over 80% of full seat users of Figma Make also use Figma Design, indicating a strong integration and potential for unifying product surfaces [61][62]