Caleres (NYSE:CAL) Q3 2026 Earnings Call December 09, 2025 10:00 AM ET Company ParticipantsJay Schmidt - President and CEOJack Calandra - Senior Vice President and Chief Financial OfficeLiz Dunn - Senior Vice President of Corporate Development and Strategic CommunicationsJack Calandra - Senior Vice President and CFODana Telsey - CEO and Chief Research OfficerConference Call ParticipantsMitch Kummetz - AnalystAshley Owens - Vice President and Equity Research AnalystOperatorGreetings. Welcome to Caleres Incor ...

Caleres (NYSE:CAL) Q3 2026 Earnings Call December 09, 2025 10:00 AM ET Company ParticipantsJay Schmidt - President and CEOJack Calandra - Senior Vice President and Chief Financial OfficeLiz Dunn - Senior Vice President of Corporate Development and Strategic CommunicationsJack Calandra - Senior Vice President and CFODana Telsey - CEO and Chief Research OfficerConference Call ParticipantsMitch Kummetz - AnalystAshley Owens - Vice President and Equity Research AnalystOperatorGreetings. Welcome to Caleres Incor ...

Financial Data and Key Metrics Changes - Net sales for Q3 2025 were approximately $1.38 billion, up 3% year-over-year, with a comparable store sales (comp) decrease of 0.9% [25][28] - Gross margin increased to 35.7%, up 170 basis points from the previous year, driven by merchandise margin growth and improved freight costs [9][26] - Operating income grew 9.7% to approximately $100 million, and diluted earnings per share increased over 14% to $1.05 [28][30] Business Line Data and Key Metrics Changes - Sports and recreation division saw a 6% increase, driven by growth in baseball, outdoor cooking, fitness equipment, and bicycles [9] - Apparel sales grew 3%, supported by strong performance from national brands like Nike and Jordan, as well as private brands [9] - Footwear business grew 2%, with strong sales from performance running brands [10] Market Data and Key Metrics Changes - The top two income quintiles (households earning over $100,000) now represent approximately 40% of sales, with traffic from these cohorts growing in the high single digits [12] - The company continues to see market share growth across key categories, including apparel, footwear, and sporting goods [13] - Firearms market share has grown for over 18 consecutive months, despite softness in the ammunition segment [13] Company Strategy and Development Direction - The company plans to open 20-25 new stores in 2026, focusing on legacy and existing markets [16][15] - E-commerce sales grew 22% in Q3, with a penetration rate of 10.4% of total sales, indicating a strong omnichannel strategy [16][25] - The company is investing in technology and talent to enhance the customer experience and drive growth in the dot-com business [17][18] Management's Comments on Operating Environment and Future Outlook - Management noted that consumers are shopping episodically and seeking value due to rising prices [4] - The company is optimistic about the upcoming holiday season, with strong promotional pricing and inventory management strategies in place [9][31] - Management expects trends of upper-income consumers trading into Academy to continue, despite challenges in the lower-income segments [50][51] Other Important Information - Free cash flow was negative $9 million due to tariff payments, but the company maintains strong liquidity with $290 million in cash [29][30] - The company has over $530 million remaining on its share repurchase authorization and plans to resume repurchases in Q4 [30] Q&A Session Summary Question: Can you discuss the average ticket increase and pricing dynamics? - Management indicated that average unit retails (AUR) were up mid- to high-single digits, while units per transaction (UPT) were down mid-single digits, reflecting a trade-off between AUR and unit sales [34][35] Question: What is the contribution of the Jordan brand at the store level? - The Jordan and Nike brands combined saw high single-digit comp growth, with plans to roll out more apparel and footwear in spring [42] Question: How does the company view the health of its customer base? - The company is seeing continued growth in upper-income consumers, while lower-income consumers are pulling back, but the overall customer base is becoming healthier [50][51] Question: How did Black Friday promotions compare to last year? - Promotions were consistent with last year, and the company is monitoring customer response to promotions as a key factor for the holiday season [65] Question: What are the potential pressure points for Q4 gross margin? - The health of the consumer and their response to promotions will be critical for Q4 gross margin outlook [61]

Caleres (NYSE:CAL) Q3 2026 Earnings Call December 09, 2025 10:00 AM ET Speaker2Greetings. Welcome to Caleres Incorporated's third quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Liz Dunn, SVP, Corporate D ...

AutoZone (NYSE:AZO) Q1 2026 Earnings Call December 09, 2025 10:00 AM ET Speaker1Good day, everyone, and welcome to AutoZone's 2026 Q1 Earnings Release Conference Call. At this time, all participants are placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. At this time, the company would like to provide its forward-looking statement. Before we begin, please note that today's call includes forward-looking statements that are subject to the Safe Harbo ...

Open Text (NasdaqGS:OTEX) FY 2025 Annual General Meeting December 09, 2025 10:00 AM ET Speaker1Hello, and welcome to the annual meeting of shareholders of OpenText Corporation. Please note that today's meeting is being recorded. If you participate in today's meeting and disclose personal information, you will be deemed to consent to the recording, transfer, and use of same. If you disclose personal information of another person in today's meeting, you will be deemed to represent and warrant to Computershare ...

Compass Minerals International (NYSE:CMP) Q4 2025 Earnings Call December 09, 2025 09:00 AM ET Company ParticipantsBen Nichols - Chief Commercial OfficerBrent Collins - VP of Treasury and Investor RelationsPat Merrin - Chief Operations OfficerPeter Feldman - CFOEdward Dowling - President and CEOConference Call ParticipantsDavid Begleiter - Managing Director and Senior Equity Research AnalystJeffrey Zekauskas - Managing Director and Senior Equity AnalystOperatorGood morning and welcome, everyone, to the Compa ...

Compass Minerals International (NYSE:CMP) Q4 2025 Earnings Call December 09, 2025 09:00 AM ET Company ParticipantsBen Nichols - Chief Commercial OfficerBrent Collins - VP of Treasury and Investor RelationsPat Merrin - Chief Operations OfficerPeter Feldman - CFOEdward Dowling - President and CEOConference Call ParticipantsDavid Begleiter - Managing Director and Senior Equity Research AnalystJeffrey Zekauskas - Managing Director and Senior Equity AnalystOperatorGood morning and welcome, everyone, to the Compa ...

Financial Data and Key Metrics Changes - The company reported consolidated operating earnings of $12 million for Q4 2025, an improvement from an operating loss of $30 million in the same period last year [11] - Consolidated net loss was $7.2 million, improving from a net loss of $48 million a year ago [11] - Adjusted EBITDA for Q4 increased to $42 million from approximately $16 million the previous year [11] - For the full fiscal year, consolidated revenue was approximately $1.25 billion, up 11% year over year [11] - The company reported a consolidated net loss of $80 million for the full year, compared to a net loss of $206 million the previous year [12] - Adjusted EBITDA for the year was $199 million, compared to $206 million last year, with a modified adjusted EBITDA increasing by approximately 4% year over year [12] Business Line Data and Key Metrics Changes - Salt business revenue in Q4 was $182 million, compared to $163 million a year ago, with total volumes up 13% [12] - Highway de-icing volumes increased by 20% year over year, while CNI volumes declined by 3% [13] - For the full fiscal year, revenue from the salt segment totaled over $1 billion, up 13% year over year [14] - Plant nutrition segment saw a 9% decline in volumes in Q4, but pricing increased by 8% to $670 per ton [16] - For the full year, plant nutrition volumes were 326,000 tons, a 19% increase year over year, with average pricing down approximately 4% to $634 per ton [17] Market Data and Key Metrics Changes - The company experienced a more average winter compared to the weak 2023-2024 de-icing seasons, contributing to improved sales volumes [14] - Inventory values and volumes for highway de-icing were lower by 33% and 36% respectively compared to the prior year [18] Company Strategy and Development Direction - The company is focused on a back-to-basic business model, improving financial position, and enhancing operational efficiency [4][10] - Strategic decisions included scaling back production to address excess inventory and rationalizing corporate costs [5] - The company aims to improve operational aspects, including safety systems and production processes, particularly in the salt and plant nutrition segments [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's improved stability and financial flexibility following a successful refinancing [19] - The guidance for total company Adjusted EBITDA for 2026 is projected to be between $200 million and $240 million, with salt segment Adjusted EBITDA expected to improve [20] - The company anticipates a decline in sales volumes for 2026, primarily due to a reversion to typical winter weather patterns [21] Other Important Information - The company resolved several legal and tax matters, including a class action lawsuit and a mining tax dispute, which alleviated uncertainties for stakeholders [19] - Liquidity at the end of the quarter was $365 million, consisting of $60 million in cash and $305 million in revolving capacity [19] Q&A Session Summary Question: Could you address the volume decline forecast in highway de-icing? - Management indicated that the decline is a reversion to typical winter assumptions, moving away from the previous year's high commitment levels [27] Question: What drivers could impact the full-year guidance range? - The primary driver for reaching the upper end of the guidance would be favorable winter weather and operational efficiencies [28] Question: Given expected lower volumes, will inventories grow next year? - Management confirmed that they will align inventories with production levels to meet demand, with no plans to build excess inventory [29][30] Question: Why were volumes pulled forward in plant nutrition? - The market behavior allowed the company to serve business and monetize inventory effectively in fiscal 2025 [31] Question: Why isn't plant nutrition expected to generate more EBITDA next year? - The expected price upside in the P&L will primarily drive the EBITDA projections, despite lower volumes [32]

Ollie's Bargain Outlet (NasdaqGM:OLLI) Q3 2026 Earnings Call December 09, 2025 08:30 AM ET Company ParticipantsEric van der Valk - President and CEORobert Helm - EVP and CFOJohn Rouleau - Managing Director of Corporate Communications and Business DevelopmentNone - Company RepresentativeLauren Ng - Equity Research AssociateEd Kelly - Managing Director of Equity ResearchMark Carden - Director of Equity ResearchSarah Morin - Equity Research AssociateJosh Young - Equity Research Senior AssociateMary Sport - Equ ...