Financial Performance - Total Revenue increased by 40% from $1154614 thousand in FY24 to $1201333 thousand in FY25[38] - Same Store Revenue decreased by 37% from $1029251 thousand in FY24 to $990678 thousand in FY25[38] - Adjusted EBITDA increased from $361497 thousand in FY24 to $367687 thousand in FY25, with margins of 313% and 306% respectively[43] - Net loss was reduced from $83581 thousand in FY24 to $10022 thousand in FY25[43] Acquisitions and Capital Deployment - The company deployed $700 million of capital into acquisitions over the past three years[23] - Acquired AMF for $310 million in 2013, leading to an estimated value creation of $13-$15 billion[22] - Acquired Brunswick for $260 million in 2014, reducing the purchase price to $60 million after a Sale Leaseback transaction[22, 23, 26] Operational Metrics - The company has 370 operating locations as of August 2025[25] - The company owns 75 properties with an estimated value between $600 million and $700 million[35] - The company sold 260000 Summer Season Passes in FY25[20]

Third Quarter Key Messages - The company delivered strong top-line growth, supported by each segment[7] - Bottom-line results were pressured by a steep rise in commodity input costs[7] - Leadership is aligned on a clear mission of profitable growth[7] Retail Segment Performance (FY25 Q3 YoY) - Retail volume increased by 5%[18] - Retail net sales increased by 5%[18] - Retail segment profit decreased by 4%[18] Foodservice Segment Performance (FY25 Q3 YoY) - Foodservice organic volume increased by 2%[22] - Foodservice organic net sales increased by 7%[22] - Foodservice segment profit decreased by 1%[22] International Segment Performance (FY25 Q3 YoY) - International volume increased by 8%[24] - International net sales increased by 6%[24] - International segment profit decreased by 13%[24] Fiscal Year 2025 Outlook (Revised) - Net sales are expected to be in the range of $12.1 billion to $12.2 billion[29] - Operating income is expected to be in the range of $0.98 billion to $1.00 billion[29] - Adjusted operating income is expected to be in the range of $1.05 billion to $1.07 billion[29] - Adjusted diluted earnings per share are expected to be in the range of $1.43 to $1.45[29] - Capital expenditures are targeted at approximately $300 million[30] - The Transform & Modernize initiative is expected to contribute incremental benefits in the range of $100 million to $150 million[30]

Financial Performance - Consolidated - Q4 Net Sales increased by 39% to $378.7 million compared to $273.2 million in FY24[13] - Q4 Adjusted EBITDA increased by 49% to $50.0 million compared to $33.4 million in FY24[13] - Full Year Net Sales increased by 27% to $1,296.2 million compared to $1,017.7 million in FY24[16] - Full Year Adjusted EBITDA increased by 65% to $183.7 million compared to $111.2 million in FY24[16] Financial Performance - Animal Health - Q4 Animal Health Net Sales increased by 53% to $292.5 million[11,19] - Q4 Legacy Animal Health Net Sales increased by 3% to $197.9 million[11,19] - Full Year Animal Health Net Sales increased by 36% to $962.8 million[11,22] - Full Year Legacy Animal Health Net Sales increased by 7% to $754.6 million[11,22] Financial Guidance - Fiscal Year 2026 - The company projects Net Sales between $1.425 billion and $1.475 billion[12] - The company projects Adjusted EBITDA between $225 million and $235 million[12]

Fiscal Year 2025 Performance - Malibu Boats Inc's net sales decreased by 2.6% year-over-year, reaching $807.6 million[19,40] - Adjusted EBITDA decreased by 9.1% year-over-year to $74.8 million[19,44] - Adjusted net income per share for fiscal year 2025 was $1.58, compared to $2.01 in fiscal year 2024[17] - The company generated $29 million of free cash flow in fiscal year 2025[15,54] - Gross margin increased by 10 bps year-over-year to 17.8%[19,43] Q4 Fiscal Year 2025 Performance - Net sales for Q4 2025 were $158.7 million, compared to $207.0 million in Q4 2024[34] - Gross margin for Q4 2025 was 7.9%, compared to 15.8% in Q4 2024[37] - Adjusted EBITDA for Q4 2025 was $(4.1) million, compared to $19.7 million in Q4 2024[38] Fiscal Year 2026 Outlook - The company anticipates consolidated net sales to be flat to down mid-single digits[46] - The company projects an adjusted EBITDA margin between 8% and 9%[46]

Financial Performance - Net sales reached $1.5 billion, a 1.5% increase year-over-year, hitting the high end of guidance[28, 57, 60] - Gross profit rate improved by 30 basis points to 41.3%[28, 57] - Adjusted operating income was $172 million, a 6% decrease year-over-year[28] - Adjusted earnings per diluted share were $0.37, flat compared to the previous year[28] Channel Performance - Store sales in the U S and Canada accounted for 77% of net sales, totaling $1.2 billion, a 5% increase year-over-year[53, 55] - Direct sales in the U S and Canada represented 17% of net sales, amounting to $267 million, a 10% decrease year-over-year[53, 55] - International sales contributed 6% of net sales, totaling $86 million, a 3% decrease year-over-year, while international system-wide retail sales increased by 9%[54, 55] Loyalty Program - Over 80% of U S sales in Q2 2025 were driven by loyalty members, a 2 percentage point increase year-over-year[50] - The company has approximately 39 million active loyalty members, a 5% increase year-over-year[50] Full Year 2025 Guidance - Net sales are projected to increase by 1.5% to 2.7%[63, 66] - Adjusted earnings per diluted share are expected to be between $3.35 and $3.60[29, 63, 66] - The company plans to increase share repurchases to $400 million, up from the previous guidance of $300 million[66, 69]

Second Quarter FY2026 Earnings Conference Call August 28, 2025 Safe Harbor Statement Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the federal securities laws. Statements about our beliefs and expectations and statements containing the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar expressions may constitute forward-looking statements. Except for historical in ...

Financial Performance (Q2 2025) - Net sales increased by 3% to $14591 million compared to $14172 million in 2024[7] - Comparable store sales increased by 4% compared to a decrease of 5% in 2024[7] - Gross profit increased by 4% to $5194 million from $5014 million in 2024[7] - Operating income decreased by 12% to $551 million from $623 million in 2024[7] - Net income attributable to Victoria's Secret & Co decreased by 15% to $269 million from $315 million in 2024[7] - Net income per diluted share attributable to Victoria's Secret & Co decreased by 18% to $033 from $040 in 2024[7] Financial Performance (First Half 2025) - Net sales increased by 1% to $28121 million compared to $27766 million in 2024[9] - Comparable store sales increased by 2% compared to a decrease of 6% in 2024[9] - Operating income decreased by 15% to $868 million from $1019 million in 2024[9] - Net income attributable to Victoria's Secret & Co decreased by 16% to $341 million from $406 million in 2024[9] 2025 Outlook - The company projects net sales of approximately $633 billion to $641 billion for the full year[13]

Financial Performance - Sales reached $546 million, a 4% increase compared to Q2 FY2025 [7] - E-commerce sales accounted for 22% of total retail sales [7] - Gross margin was 458%, a decrease of 100 basis points compared to Q2 FY2025 [7] - GAAP EPS was ($179) and Non-GAAP EPS was ($114) [7] - The company is reiterating its full-year EPS outlook inclusive of tariffs and raising sales [8] Segment Performance - Journeys Group comps increased by 9% [7, 43, 44] - Schuh Group comps decreased by 4% [43] - Johnston & Murphy Group comps increased by 1% [43] Strategic Initiatives - The company is focused on creating leading footwear brands and becoming the destination for consumers' favorite fashion footwear [10] - Key strategic initiatives include maximizing physical and digital presence, deepening consumer insights, reshaping the cost base, pursuing growth and acquisitions, accelerating digital capabilities, and intensifying product innovation [12] - Journeys is expanding its reach among teens with a focus on females [17] Capital Allocation - Total liquidity is approximately $322 million [46] - Inventory is $501 million, an 11% increase compared to Q2 FY2025 [46] - Capital expenditures were $15 million, with approximately 80% allocated to stores and 20% to other areas [46]

Q3 2025 Financial Performance - Reported net income was $3.3 billion, with an EPS of $1.89[11] - Adjusted net income reached $3.9 billion, with an EPS of $2.20, a 7% year-over-year increase[11,27] - Adjusted PTPP (Pre-Tax, Pre-Provision) grew by 12.6% year-over-year[11] - The bank's total assets amounted to $2.0 trillion[11] - The CET 1 ratio stood at 14.8%[11] Strategic Actions and Business Updates - TD sold its 10.1% stake in Schwab, releasing approximately $15 billion in capital[9] - The company has an $8 billion NCIB (Normal Course Issuer Bid) underway, adjusting capital deployment[9] - TD identified $550 million to $650 million pre-tax of expected annual cost savings from the 2025 restructuring program[10] - U S Retail loans are down 7% YoY, or up 2% YoY excluding loan portfolios identified for sale or run-off[13] Digital Adoption and Sustainability - Canadian Personal & Commercial Banking digital adoption reached 66.1%, a 140 bps increase year-over-year[15] - TD Bank N A earned an "Outstanding" rating on the Community Reinvestment Act performance evaluations[18]

Third Quarter 2025 Earnings Conference Call August 28, 2025 1 R51 G63 B72 #333F48 R0 G40 B85 #002855 R116 G255 B11 #74FF6F R201 G244 B255 #C9F4FF Primary Colors: Secondary Colors: R52 G119 B98 #337761 R255 G199 B44 #FFC72C R0 G113 B206 #0070CD R234 G118 B34 #F07623 Safe Harbor and Presentation Note FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words "may," "will," "expect," "intend," " ...