Delta Air Lines (NYSE:DAL) Q4 2025 Earnings call January 13, 2026 10:00 AM ET Company ParticipantsJulie Stewart - VP for Investor Relations and Corporate DevelopmentJoe Esposito - Executive Vice President and Chief Commercial OfficerMichael Goldie - VP for Equity ResearchEd Bastian - CEOJohn Godyn - Managing DirectorDuane Pfennigwerth - Senior Managing Director for Equity ResearchGlen Hauenstein - PresidentDan Janki - CFOConference Call ParticipantsDavid Vernon - VP and Senior AnalystRavi Shankar - Managing ...

Kura Sushi USA (NasdaqGM:KRUS) FY 2026 Conference January 13, 2026 10:00 AM ET Company ParticipantsBen Porten - SVP of IR and Business DevelopmentJimmy Uba - CEOJeff Uttz - CFOConference Call ParticipantsTodd Brooks - Restaurant AnalystTodd BrooksMorning, everybody. My name's Todd Brooks, the restaurant analyst at Benchmark StoneX, and I'm pleased to be hosting today's fireside chat with the senior team from Kura Sushi, which is provided by The Benchmark. Joining us today from management are CEO Jimmy Uba, ...

WD-40 Company (NasdaqGS:WDFC) FY 2026 Conference January 13, 2026 10:00 AM ET Company ParticipantsSteve Brass - CEOSara Hyzer - CFOSara HyzerGood morning, everyone. Thanks. Welcome to the WD-40 presentation. We're thrilled to have them here. Presenting for the company, Sara Hyzer is going to start, the CFO, and then Steve Brass is also here, and Wendy Kelley with IR is also back in the audience. So take it away, sir.Steve BrassAll right. Great. Thank you, everyone. All right. Is my mic working? I'm good.Sar ...

Delta Air Lines (NYSE:DAL) Q4 2025 Earnings call January 13, 2026 10:00 AM ET Company ParticipantsJulie Stewart - VP for Investor Relations and Corporate DevelopmentJoe Esposito - Executive Vice President and Chief Commercial OfficerMichael Goldie - VP for Equity ResearchEd Bastian - CEOJohn Godyn - Managing DirectorDuane Pfennigwerth - Senior Managing Director for Equity ResearchGlen Hauenstein - PresidentTrevor Banstetter - Managing Director of Global Corporate and Executive CommunicationsDan Janki - CFOC ...

Kura Sushi USA (NasdaqGM:KRUS) FY 2026 Conference January 13, 2026 10:00 AM ET Company ParticipantsBen Porten - SVP of IR and Business DevelopmentJimmy Uba - CEOJeff Uttz - CFOConference Call ParticipantsTodd Brooks - Restaurant AnalystTodd BrooksMorning, everybody. My name's Todd Brooks, the restaurant analyst at Benchmark StoneX, and I'm pleased to be hosting today's fireside chat with the senior team from Kura Sushi, which is a buy-rated stock at Benchmark. Joining us today from management are CEO Jimmy ...

Delta Air Lines (NYSE:DAL) Q4 2025 Earnings call January 13, 2026 10:00 AM ET Speaker10Good morning, everyone, and welcome to the Delta Air Lines Fourth Quarter Fiscal Year 2025 Earnings Conference Call. My name is Matthew, and I'll be your coordinator. At this time, all participants are on a listen-only mode until we conduct a question-and-answer session following the presentation. As a reminder, today's call is being recorded. If you have any questions or comments during the presentation, you may press St ...

Financial Data and Key Metrics Changes - The company achieved gross margins over 55% in the past year, recovering from a low of 49% [6][31] - The company targets mid- to high single-digit growth on a year-over-year basis, with a consistent performance over the years [5][15] - The company aims to achieve EBITDA margins of 20% to 22% in the midterm, recovering from inflationary headwinds [31] Business Line Data and Key Metrics Changes - The WD-40 Multi-Use Product represents nearly 80% of revenues and is the flagship brand with over 2,000 documented uses [7][10] - The WD-40 Specialist line has grown to an $82 million business, with a compound annual growth rate (CAGR) of about 14% [12][26] - The company is divesting its cleaning and home care brands to focus on maintenance products, which are expected to drive significant growth [10][11] Market Data and Key Metrics Changes - The U.S. market accounts for 35% of the business, while international markets represent 65%, with significant growth opportunities identified in Asia-Pacific [14][21] - The company has seen a five-year CAGR of 6.5% in the U.S. market, indicating continued growth despite high market penetration [21] - Emerging markets like China and India are highlighted as having the most substantial growth potential, with India already being the second-largest market globally [22][23] Company Strategy and Development Direction - The company focuses on a few key products that drive the majority of sales, adhering to the principle of "few things, many places" [10] - The strategy includes geographic expansion and premiumization of products, with a focus on maintaining high gross margins [32][34] - The company emphasizes a people-first culture, with high employee engagement scores and low turnover rates, which contribute to sustainable growth [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to maintain mid- to high single-digit growth rates despite economic fluctuations [15][16] - The company sees significant growth opportunities in international markets, particularly in Asia, and plans to leverage its strong brand equity [19][20] - Management highlighted the importance of digital channels and e-commerce as accelerators of growth [27] Other Important Information - The company has a robust balance sheet and strong free cash flow generation, allowing for shareholder-friendly capital allocation [6][28] - The company has a long history of paying dividends, with a commitment to return over 50% of earnings to shareholders [34][35] - Recent initiatives include an 8% increase in dividends and a plan to double share repurchases [35][36] Q&A Session Summary Question: What are the growth opportunities in emerging markets? - Management highlighted that China and India present the largest growth opportunities, with India already being the second-largest market and showing a CAGR of 35% over the past five years [22][23] Question: How does the company plan to maintain its competitive advantage? - The company focuses on its iconic brand, operational efficiency, and a strong culture to drive sustainable growth and maintain its competitive moat [12][14] Question: What is the company's approach to capital allocation? - The company prioritizes dividends and share repurchases, with a commitment to return a significant portion of earnings to shareholders while maintaining a strong balance sheet [34][35]

Kura Sushi USA (NasdaqGM:KRUS) FY 2026 Conference January 13, 2026 10:00 AM ET Speaker3Morning, everybody. My name's Todd Brooks, the restaurant analyst at Benchmark, and I'm pleased to be hosting today's fireside chat with the senior team from Kura Sushi, which is provided by The Benchmark. Joining us today from management are CEO Jimmy Uba, CFO Jeff Uttz, and Senior Vice President of IR and Business Development Ben Porten. The team at Kura Sushi is building really the first nationally scaled sushi brand i ...

Financial Data and Key Metrics Changes - The company is targeting a 10% operating margin by fiscal 2028 and is trending on plan towards that goal [15] - There has been a decline in revenue, necessitating modest revenue growth to return to baseline levels [18] - The company is confident in achieving free cash flow growth this year, supported by operating income growth and improved inventory management [42][43] Business Line Data and Key Metrics Changes - The company has seen 70% of its portfolio return to growth, excluding the Dickies business [11] - The North Face brand is underdeveloped in the U.S. compared to Europe and APAC, indicating significant growth opportunities [28] - Vans is undergoing a turnaround with new product launches and marketing strategies, although financial outcomes have yet to reflect these changes [21][24] Market Data and Key Metrics Changes - The consumer environment is showing mixed signals, with a slight increase in negative commentary from medium and lower-end consumers [12] - The U.S. market remains strong for direct-to-consumer sales, with 70% of Vans' business coming from this channel [25] Company Strategy and Development Direction - The company aims to create a multi-brand organization that leverages best-in-class processes across its brands [5] - There is a focus on elevating brand positioning and expanding distribution, particularly for Timberland and North Face [32][28] - The company is committed to minimizing markdowns and using promotions strategically during key sales periods [41] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the consumer's resilience, particularly in the U.S., despite some signs of shifting trends [12][13] - The company is focused on long-term growth trajectories rather than short-term fluctuations, aiming for consistent upward trends over the next three to five years [26] Other Important Information - The company is implementing integrated business planning and markdown management to improve gross margins and operational efficiency [16][41] - There is a strong emphasis on training and aligning leadership teams to ensure a unified vision for the company's future [9][10] Q&A Session Questions and Answers Question: What is the company's plan to offset tariffs by fiscal 2027? - The company is on a run rate to offset all tariffs within fiscal 2027, having established a pricing plan and worked closely with supplier partners [39][40] Question: How does the company plan to drive favorable promotions? - The company aims to minimize markdowns and use promotions as a strategic tool during key moments rather than as a regular practice [41] Question: What is the outlook for cash flow and deleveraging the balance sheet? - The company is confident in its free cash flow growth and plans to pay down debt, supported by operating income growth and improved working capital management [42][43]

FAT Brands (NasdaqCM:FAT) FY 2026 Conference January 13, 2026 09:30 AM ET Company ParticipantsKen Kuick - CFOAndy Wiederhorn - CEOMichelle Michalski - Senior VPMichelle MichalskiGood morning. Hi, I'm Michelle Michalski, Senior Vice President at ICR. Here with me today is Andy Wiederhorn, CEO of FAT Brands, and Ken Kuick, CFO. FAT Brands is a leading global franchise company that strategically acquires, markets, and develops fast casual, quick service, casual dining, and polished casual dining concepts aroun ...