Papa John’s International (PZZA) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Thank you for standing by. Welcome to Papa John's First Quarter twenty twenty five Conference Call and Webcast. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer To ask a question during this session, you'll need to press 11 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press 11 ag ...

D-Wave Quantum (QBTS) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Good morning, everyone, and welcome to D Wave's First Quarter of Fiscal Year twenty twenty five Earnings Conference Call. Today's call is being recorded. At this time, I'd like to turn the floor over to Kevin Hunt of Investor Relations. Please go ahead. Speaker1 Thank you, and good morning. With me today are Doctor. Alan Barris, our Chief Executive Officer and John Hakavich, our Chief Financial Officer. Before we begin, I'd like t ...

Financial Data and Key Metrics Changes - In Q1 2025, the company reported a non-GAAP operating income of $7.6 million, reflecting a margin improvement of 530 basis points year over year [10] - The annual revenue run rate (ARR) reached $351 million, a year-over-year increase of 3% [25] - Total revenue for the quarter was $82.4 million, also growing 3% year over year, with operating cash flow approximately $400,000, an improvement of nearly $4 million year over year [10][25] - Non-GAAP gross margin strengthened to 80.3%, up 240 basis points year over year, while non-GAAP operating income margin finished at 9.2%, up 530 basis points from Q1 2024 [25] Business Line Data and Key Metrics Changes - The company serves 5,825 enterprise accounts, with average revenue per enterprise account exceeding $45,000, a 9% increase year over year [25] - B2B continues to grow as a percentage of overall business, with new capabilities tailored to complex B2B needs being released [15][16] - In B2C, the company is focusing on operationally complex categories outside traditional sectors, achieving successful launches with brands like Euro Optic and Kittery Trading Post [17][18] Market Data and Key Metrics Changes - The company is closely monitoring global trade and tariff changes, which could impact customers operating across borders [28] - Partner and services revenue (PSR) constitutes approximately 25% of total revenues, driven by transaction volumes from technology partners [28] Company Strategy and Development Direction - The company has set three strategic priorities for 2025: accelerating revenue growth profitably, disciplined operational execution, and executing a go-to-market transformation plan [9] - Key initiatives include launching a self-serve version of MakeSwift and Feedonomics, and developing bundled solutions with partners [20][21] - AI is a major focus area, with plans to leverage AI for sales and support efficiency, as well as enhancing product data syndication [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that 2025 will be challenging but sees tremendous opportunities ahead [11] - The company is maintaining a cautious view on macroeconomic uncertainties and is prepared to provide flexible solutions to customers [28][29] - Guidance for Q2 expects revenue between $82.5 million and $83.5 million, with a full-year revenue guidance range widened to $335 million to $351 million [30] Other Important Information - The company has reduced its net debt position to $32.2 million, a 59% decrease year over year [26] - The leadership team has been strengthened with new hires in key positions, enhancing product and engineering capabilities [14] Q&A Session Summary Question: Can you discuss the encouraging signs mentioned regarding the pipeline? - Management noted a significant increase in the size of the pipeline, particularly in B2B, and highlighted the completion of the leadership team as a positive internal indicator [35] Question: How flexible is the company regarding investment levels in light of macro changes? - Management indicated a cautious approach to spending while maintaining the ability to invest in high ROI areas, particularly in AI [39][40] Question: What is the status of the payment strategy and its integration with existing partners? - The company aims to provide optionality to customers, with Klarna becoming a preferred partner and plans for an integrated payment solution expected in early 2026 [54][56] Question: How does the company handle potential downgrades in subscription tiers due to GMV changes? - Management explained that their pricing model is based on order volume, which moderates the impact of sudden changes in GMV, making revenue more predictable [60][61] Question: What is the profile of the new sales representatives added? - The company is focusing on hiring experienced sales representatives while also bringing in younger talent, with an expected onboarding period of about six months [66][70] Question: What needs to happen for the company to reach the high end of its guidance? - Management indicated that continued pipeline growth and effective marketing investments are crucial, while avoiding recessionary pressures is also important [48][49]

Financial Data and Key Metrics Changes - The company reported consolidated profit growth in the first quarter, with U.S. operating profit increasing by $164 million and U.S. operating margin expanding by 110 basis points [38] - Last year, the company generated $6.3 billion in free cash flow and ended the year with over $6 billion in cash on the balance sheet [48] Business Line Data and Key Metrics Changes - The company plans to reduce Amazon's volume by more than 50% by June 2026, focusing on profitable segments while exiting unprofitable fulfillment center outbound volume [36][37] - Health care revenue totaled $10.5 billion last year and is expected to grow mid-single digits in 2025, with plans to acquire targeted companies to enhance capabilities [41][42] Market Data and Key Metrics Changes - The U.S. import volume is approximately 400,000 pieces per day, representing less than 2% of total global average daily volume and about 5% of consolidated revenue [50] - The company has seen strong growth in small and medium-sized businesses (SMBs), with SMBs making up 31.2% of total U.S. volume, the highest concentration in ten years [42] Company Strategy and Development Direction - The company is undertaking the largest network reconfiguration in its history, planning 164 operational closures, including 73 buildings, to improve cost structure and profitability [39][60] - The focus is on revenue quality and growth in key markets such as health care, international, and SMBs, while leveraging technology and automation to enhance efficiency [41][60] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macro environment and emphasized the need for meaningful actions to improve performance and create additional value [19][20] - The company is confident that its strategic actions will lead to improved profitability, cash generation, and higher returns on invested capital, which should positively impact share price over time [46] Other Important Information - The company has maintained its dividend policy, marking the sixteenth consecutive year of dividend increases, and prioritizes reinvestment in the business [48][49] - The company is actively managing risks associated with voluntary carbon reduction commitments and trade policy changes, while also exploring opportunities in the evolving market landscape [16][50] Q&A Session Summary Question: Why is UPS reducing its volume from Amazon, and why now? - The company is exiting unprofitable Amazon fulfillment center outbound volume, which has pressured U.S. operating margins, while retaining profitable segments [36][37] Question: When will UPS redesign its network and reduce costs to grow profit? - The company has already begun profit growth, reporting a $164 million increase in U.S. operating profit and plans to remove $3.5 billion in expenses through network reconfiguration [38][39] Question: What plans do you have to grow the business, especially with reduced exposure to large customers? - The company expects growth by focusing on health care, international markets, and SMBs, with specific acquisitions planned to enhance capabilities [41][42] Question: Can you comment on investor confidence and stock performance? - Management expressed disappointment in stock performance but highlighted actions taken to improve profitability and cash generation, which should lead to higher share prices over time [44][46] Question: What is the status of the dividend policy and buybacks? - The dividend remains a hallmark of financial strength, with a focus on reinvestment, maintaining a strong financial condition, and using excess cash for share repurchases [48][49] Question: How will UPS be affected by tariff changes? - The company is well-positioned to manage complex trade policies but acknowledges exposure to potential price increases and consumer demand impacts due to tariffs [50][52] Question: How does RFID technology provide a competitive advantage? - RFID technology improves efficiency and visibility, with a significant reduction in manual scans, and the company plans to expand its deployment internationally [53][54] Question: How will UPS maintain competitiveness with closing drop-off locations? - The company continues to lead in service reliability and will remain accessible through a network of UPS stores and drop-off points, despite building closures [56][57] Question: Has there been a change in the cleanliness of package cars and driver appearance? - The company maintains high standards for vehicle cleanliness and has updated driver uniform guidelines to enhance comfort and visibility [58][59]

Financial Data and Key Metrics Changes - Total revenue grew 22% year over year to $106.5 million in Q1 2025, driven by increased sales for VivGuard, Zejula, and NUZYRA [27] - Operating loss improved by 20% to $56.3 million, and adjusted loss from operations decreased by 25% to $37.1 million, reflecting operational efficiency [15][27] - The company reaffirmed its full-year revenue guidance of $560 million to $590 million, anticipating significant sales growth in the latter part of the year [6][28] Business Line Data and Key Metrics Changes - VivGuard sales are expected to grow faster than total revenue growth, with a rebound in patient volumes observed in March and April after a seasonal decline [11][12] - Other products, including Zejula and NUZYRA, showed sequential growth supported by NRDL access, with early contributions from newly launched products like OGTYRO and ZACDURO [14] - The company is preparing for the upcoming NRDL cycle targeting IV renewal for gMG and initial listing of the SC formulation, effective January 1, 2026 [12] Market Data and Key Metrics Changes - The company noted a significant opportunity in the gMG market in China, with approximately 70,000 patients, and less than 10% currently receiving newer biologic therapies [60] - The competitive landscape for gMG is expected to benefit from the introduction of new therapies, which will enhance overall market education and treatment options [60] Company Strategy and Development Direction - The company aims to expand its global R&D pipeline, with a focus on innovative therapies and maintaining a balanced approach between in-house development and business development opportunities [8][100] - Investments are being made to accelerate the global R&D pipeline, with a commitment to advancing at least one global product to IND submission stage every year [23] - The company is focused on achieving profitability by Q4 2025, leveraging operational efficiencies and a robust late-stage pipeline [15][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability by Q4 2025, citing strong business fundamentals and strategic direction [6][27] - The company anticipates accelerating sales growth in the next three quarters, which will translate into significant operating leverage [6] - Management highlighted the importance of new product launches and regulatory approvals in driving future growth [15][28] Other Important Information - The company ended the quarter with a strong cash position of $857.3 million, providing a solid foundation for future investments and growth initiatives [29] - The company is actively pursuing regulatory reviews for multiple products, including CAR XT for schizophrenia and TIVDAC for cervical cancer [15] Q&A Session Summary Question: Can you describe the sequential change in VIBGART sales? - Management indicated that the sequential decline was influenced by seasonal trends and inventory dynamics, with a strong recovery in patient volumes observed in March and April [31][32] Question: Are you comfortable with the current consensus for VIBGART and fiscal year revenues? - Management reaffirmed confidence in the revenue guidance range of $560 million to $590 million, indicating that VIBGART sales are expected to grow faster than overall sales growth [41] Question: How do recent FDA changes and tariffs impact Zai Lab? - Management noted no anticipated impact from tariffs, as local manufacturing is in place for many products, and FDA interactions have remained productive [46][50] Question: What is the competitive landscape for gMG in China? - Management expressed optimism about the competitive dynamics, stating that new approvals will benefit the overall market and enhance treatment options for patients [60] Question: What is the strategy regarding in-house developed assets versus in-licensing? - Management indicated a balanced approach, continuing to pursue both in-house development and high-quality external opportunities [100]

Financial Data and Key Metrics Changes - The company reported total revenue gains of 8% at constant currency, with record third quarter earnings per share increasing by 27% compared to the prior year [5][10][29] - Gross margin reached 76.1%, the highest quarterly gross margin in over fifteen years, reflecting operational outperformance [32][92] - Operating margin increased by 140 basis points, driving profit expansion ahead of expectations [33] Business Line Data and Key Metrics Changes - Coach brand delivered a standout performance with 15% top line growth, driven by strong demand and effective brand positioning [11][30] - Kate Spade experienced a revenue decline of 12% at constant currency, while profit met expectations due to gross margin expansion [20][21] - Stuart Weitzman is in the process of being sold to Caleres, with the transaction expected to close in the summer [25] Market Data and Key Metrics Changes - International revenue rose 8%, led by a 35% increase in Europe, while North America saw a 9% revenue increase [6][30] - In Greater China, revenue growth accelerated to 5%, indicating strong consumer engagement in the region [6][30] - The APAC region overall saw a 4% sales increase, with specific growth in Australia, South Korea, and Thailand [6][30] Company Strategy and Development Direction - The company is focused on building strong emotional connections with consumers and enhancing brand relevance through innovative product offerings [50][72] - There is a commitment to reducing promotional activity to build a healthier brand and improve gross margins [23][24] - The strategy includes leveraging a diversified and agile supply chain to navigate external challenges and maintain competitive advantages [51][45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal year 2025 earnings in the area of $5 per share, consistent with previous targets [11][46] - The company acknowledges the increasingly complex external environment but remains focused on its competitive advantages and long-term growth strategies [27][46] - Management highlighted the importance of capturing new and younger consumers, particularly Gen Z and Millennials, to drive sustainable growth [7][72] Other Important Information - The company plans to return over $2 billion to shareholders in fiscal 2025 through dividends and share repurchase programs [34] - Adjusted free cash flow for the third quarter was reported at $135 million, with expectations of approximately $1.3 billion for the fiscal year [37][41] - The company is committed to maintaining a solid investment grade rating and a long-term gross leverage target of below 2.5 times [36] Q&A Session Summary Question: What is driving the strong performance at Coach? - Management attributed the success to strong emotional connections with consumers, high margins, and an agile supply chain that allows for quick responses to market demands [48][50] Question: Can you provide insights on the impact of tariffs for 2026? - Management indicated that they have taken actions to mitigate tariff impacts and emphasized their focus on maintaining innovation and quality [57][59] Question: How is new customer acquisition impacting growth? - The company highlighted that acquiring new and younger consumers is crucial for long-term growth, with a focus on emotional connections to enhance customer retention [67][72] Question: What is the strategy for Coach's performance across different channels? - Management discussed the "One Coach" strategy, which integrates full-price products into outlet channels, enhancing consumer experience and maintaining brand value [101][103]

Groupon (GRPN) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Hello, and welcome to Groupon's First Quarter twenty twenty five Financial Results Conference Call. On the call today are Chief Executive Officer, Dushan Sanketfel Chief Financial Officer and Senior Vice President of Finance, Rana Keshat. At this time, all participants are in a listen only mode. Today's call will be a question and answer session only. The company has posted earnings materials, including its earnings commentary on the com ...

Financial Data and Key Metrics Changes - Acacia recorded total revenue of $124.4 million during the first quarter, a significant increase compared to the same quarter last year [21] - The company reported first quarter GAAP operating income of $38.3 million, compared to a GAAP operating loss of $2.1 million in the same quarter last year [23] - GAAP net income attributable to Acacia was $24.3 million or $0.25 per share, compared to a net loss of $0.2 million or $0 per share in the prior year period [24] - Adjusted net income attributable to Acacia was $33.1 million or $0.34 per share [24] - Cash, cash equivalents, and equity securities at fair value totaled $290 million as of March 31, 2025, compared to $297 million at December 31, 2024 [25] Business Line Data and Key Metrics Changes - Energy operations generated $18.3 million in revenue for the quarter, compared to $1.9 million in the same quarter of last year [21] - Manufacturing operations generated $28.5 million in revenue [21] - Industrial operations generated $7.7 million in revenue during the quarter, a slight decrease from $8.8 million in the same quarter last year [21] - Intellectual property operations generated $69.9 million in licensing and other revenue during the quarter, compared to $13.6 million in the same quarter last year [22] Market Data and Key Metrics Changes - Benchmark's energy segment has hedged over 70% of its production through the end of 2027, providing price protection and cash flow predictability [11] - Approximately 51% of Benchmark's last twelve months (LTM) revenue and 78% of LTM production was driven by gas and natural gas liquids, which have remained resilient [11] Company Strategy and Development Direction - The company focuses on acquiring and building businesses with stable long-term cash flow generation and scalability [6] - Acacia is actively evaluating strategic acquisitions and organic growth initiatives across its verticals [27] - The company is exploring avenues to monetize its Cherokee position and is monitoring attractive M&A targets due to recent oil price softness [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Acacia's resilience amid macroeconomic uncertainties and believes the current environment presents compelling opportunities [27] - The company is focused on disciplined cost management and operational excellence to navigate volatile periods [16] - Management highlighted the strong performance driven by realized gains from the intellectual property business and the integration of Revolution assets [7][14] Other Important Information - Total consolidated G&A expense was $17.3 million during the first quarter, an increase from $12.5 million in the same quarter last year, primarily due to the addition of Deflecto [22] - The company has zero capital commitments from a drilling perspective, allowing it to remain cash flow positive even in challenging price environments [11] Q&A Session Summary Question: Can you detail the total winnings from the WiFi portfolio? - Management indicated that since Q1 2023, approximately $178 million has been generated from the WiFi assets, with ongoing cases potentially adding more value [31] Question: Are you seeing prices coming down in M&A? - Management noted they are looking at three verticals: energy, industrials, and mature technology, with ongoing evaluations of acquisition opportunities [33][34] Question: What is the calculus on protecting tax attributes versus share buybacks? - Management confirmed they completed a $20 million buyback while monitoring tax attributes to determine the optimal time for further buybacks [40] Question: Does the recent settlement put pressure on the defendant in the $37 million judgment case? - Management expressed uncertainty but hoped that the recent settlement would encourage a quicker resolution [49]

NeueHealth (NEUE) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Good morning, and welcome to New Health's First Quarter twenty twenty five Earnings Conference Call. As a reminder, this call is being recorded. Leading the call today are New Health's President and CEO, Mike Mikan and CFO, Jay Matuszak. Before we begin, we want to remind you that this call may contain forward looking statements under U. S. Federal securities laws. These statements are subject to risks and uncertainties that could cau ...

AxoGen (AXGN) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Good morning, everyone. Joining me on today's call is Michael Dale, AxoGen's Chief Executive Officer and Director Nir Naor, Chief Financial Officer and Jens Kemp, Chief Marketing Officer. Michael will discuss first quarter twenty twenty five financial results and corporate highlights. Nir will then provide an analysis of our financial performance and guidance and discuss our outlook for the year, followed by a question and answer session. ...