TPR

American Eagle Outfitters, Inc. AEO reported solid first-quarter fiscal 2026 results wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. Meanwhile, revenues increased from the prior-year figures.AEO posted earnings of 14 cents per share in the fiscal first quarter, surpassing the Zacks Consensus Estimate of 11 cents. American Eagle Outfitters, Inc. price-consensus-eps-surprise-chart | American Eagle Outfitters, Inc. Quote The company benefited from strong demand across its portfolio, led by continued momentum at Aerie, which delivered standout multi-channel performance and profitability. Management credited compelling product assortments and the ongoing resonance of the “100% Aerie REAL” campaign for deepening customer connection and supporting growth. Total net revenues of $1.20 billion jumped 10% year over year and surpassed the Zacks Consensus Estimate of $1.18 billion. This was backed by consolidated comparable sales (comps) and positive results across Aerie brand. Comps edged up 8% in the quarter. Our model predicted positive comps of 7.4% for the fiscal first quarter.Brand-wise, revenues inched down 2.2% year over year to $678.5 million at the American Eagle brand. Also, comps for the brand declined 2%.Revenues jumped 33.6% year over year to $480.8 million for the Aerie brand. Comps for the Aerie brand rose 25%. We expected sales growth of 4.1% year over year at the American Eagle brand and a 13.3% rise at Aerie for the reported quarter. Gross profit inched up 41% year over year to $456 million. The gross margin of 38.2% expanded 860 basis points (bps) from the prior-year period, reflecting a meaningfully stronger merchandise margin profile and better cost leverage. The gain was mainly driven by a 710-basis-point lift in merchandise margins, largely because the prior-year period included a $75 million inventory write-down. In addition, buying, occupancy and warehousing (BOW) costs improved by 150 bps, helped by higher sales and ongoing cost-optimization efforts.Selling, general and administrative (SG&A) expenses increased 11% year over year to $376 million. As a percentage of sales, SG&A expenses increased 40 bps year over year. The increase was led by planned investments in advertising, somewhat offset by leverage in the rest of the expense base.Operating income came in at $28 million, a notable improvement from an operating...

Bath & Body Works BBWI posted first-quarter fiscal 2026 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. However, sales and adjusted earnings declined year over year, reflecting persistent pressure from cautious consumer spending, category mix challenges and tariff-related cost inflation. Management noted that underlying business trends remained consistent with the softness seen in recent quarters.Despite the pressured environment, the company highlighted encouraging progress from its Consumer First Formula strategy, which is designed to drive sustainable long-term growth. The initiative focuses on strengthening hero categories, accelerating disruptive product innovation, modernizing the brand, improving digital and marketplace capabilities, and operating with greater speed and efficiency.Management stated that early proof points from these efforts are beginning to resonate with consumers and expects momentum to build through the remainder of 2026 and into 2027. As a result, BBWI shares gained 9.7% yesterday. Bath & Body Works, Inc. price-consensus-eps-surprise-chart | Bath & Body Works, Inc. Quote Bath & Body Works reported adjusted earnings of 32 cents per share in the fiscal first quarter, surpassing the Zacks Consensus Estimate of 29 cents. However, adjusted earnings declined 34.7% from 49 cents in the year-ago quarter.Net sales declined 3.2% year over year to $1,378 million but exceeded the Zacks Consensus Estimate of $1,370 million. Performance reflected softer demand trends across several categories, partially offset by growth in soaps, sanitizers and international markets.Net sales for Stores - U.S. and Canada declined 4.3% year over year to $1.06 billion, which met the Zacks Consensus Estimate. Direct - U.S. and Canada net sales slipped 1.5% year over year to $246 million, surpassing the consensus estimate of $228.3 million. Management noted that normalized for the free shipping threshold change, stores and digital performed comparably during the first quarter. Buy Online, Pickup In Store represented approximately 20% of the total direct demand.International and Other net sales increased 9% year over year to $70 million, which includes domestic third-party wholesale revenues. This surpassed the Zacks Consensus Estimate of $68.1 million. International net sales increased 5%, while system-wide retail sales rose 11% dur...

Dollar Tree, Inc. DLTR posted solid first-quarter fiscal 2026 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Both metrics increased year over year. Quarterly results benefited from stronger comparable-store sales and improved margins, supported by better product markups, lower freight costs and reduced shrinkage.Dollar Tree’s adjusted earnings per share (EPS) from continuing operations jumped 38% year over year to $1.74 and beat the Zacks Consensus Estimate of $1.53. Dollar Tree, Inc. price-consensus-eps-surprise-chart | Dollar Tree, Inc. Quote Shares of Dollar Tree climbed more than 15% in the pre-market session following stronger-than-expected first-quarter results and upbeat investor sentiment around margin improvement and comparable-store sales growth. Shares of this Zacks Rank #3 (Hold) company have gained 5.9% in the past year compared with the industry’s 12.6% growth. Image Source: Zacks Investment Research Net sales increased 7.2% year over year to $4.97 billion and surpassed the Zacks Consensus Estimate of $4.96 billion. Same-store sales (comps) grew 3.5% year over year. The company’s comps benefited from a 4.5% increase in the average ticket, partly offset by 1% lower traffic.Profitability improved meaningfully as gross profit margin expanded 120 basis points (bps) year over year. Management attributed the increase primarily to higher mark-on, lower freight costs and lower shrink, which more than offset higher tariff costs and higher markdowns. We estimated a year-over-year increase of 6.5% in gross profit and a 20-bps contraction in the gross margin.Selling, general and administrative (SG&A) costs were 27.8% of sales, up 50 bps from the year-earlier quarter. The increase was mainly reflecting higher marketing and general liability spending as well as greater depreciation, partly offset by lower payroll costs. On an adjusted basis, SG&A, including net transition services agreement income, increased 10 basis points as a share of total revenue.Adjusted operating income jumped 22% year over year to $473.3 million. The operating margin rose 110 basis points to 9.5%. Dollar Tree ended the fiscal first quarter with cash and cash equivalents of $1 billion, no borrowings under its credit facilities and no commercial paper outstanding. It had a net long-term debt, excluding the current portion, of $2.93 billion and shareho...

DICK'S Sporting Goods, Inc. DKS posted first-quarter fiscal 2026 results, wherein the top line beat the Zacks Consensus Estimate and increased year over year. However, earnings missed the consensus mark and declined from the prior-year quarter. The company delivered a strong first-quarter fiscal 2026 performance, with net sales rising sharply year over year and beating the Zacks Consensus Estimate, supported by continued momentum in the core DICK’S business and contributions from the Foot Locker acquisition. However, profitability was softer, as non-GAAP earnings declined from the prior-year quarter and missed estimates despite healthy comparable sales growth across the business.The company reported adjusted earnings of $2.90 per share in the fiscal first quarter, lagging the Zacks Consensus Estimate of $2.91 and declining from $3.37 recorded in the year-ago quarter. DICK'S Sporting Goods, Inc. price-consensus-eps-surprise-chart | DICK'S Sporting Goods, Inc. Quote Net sales of $5.17 billion increased 62.7% year over year and surpassed the consensus estimate of $5.06 billion. The upside was driven by the addition of the Foot Locker business, along with continued strength in the core DICK’S business. Consolidated comps for DICK'S Business grew 6% year over year, on growth in average ticket and transactions and broad-based momentum across footwear, apparel and hardlines.Results reflected the inclusion of the Foot Locker business and the dilutive impact of shares issued for the acquisition, while core demand stayed healthy. Pro forma consolidated comparable sales increased 4.1% in the quarter. Gross profit rose 44.5% year over year to $1.68 billion and came in line with our estimates. Meanwhile, the gross margin contracted 411 bps.The SG&A expense rate of 22.5% fell 220 bps year over year. SG&A expenses, in dollar terms, grew almost 48.2% year over year to $1.16 billion and were lower than our estimate of $1.31 billion. DICK’S Sporting ended the fiscal first quarter with cash and cash equivalents of $998.3 million. Inventories totaled $5.42 billion, up 52%, reflecting the addition of Foot Locker inventory, while long-term debt and financing lease obligations stood at $1.91 billion.This Zacks Rank #3 (Hold) company repurchased 0.7 million shares under its share repurchase program for $141.2 million in the first quarter of fiscal 2026. It had $3 billion remaining...

Capri Holdings Limited CPRI delivered fourth-quarter fiscal 2026 results, with revenues missing the Zacks Consensus Estimate and declining year over year. However, earnings surpassed the consensus estimate and improved significantly from the prior-year quarter. Management highlighted that strategic initiatives introduced last year are gaining traction, with improving trends visible across both Michael Kors and Jimmy Choo. The company noted that actions taken to strengthen product innovation, brand desirability and consumer engagement are resonating well with consumers, providing early validation of its transformation efforts. Capri Holdings also emphasized that fiscal 2026 was focused on stabilizing the business and building a stronger foundation for long-term growth. Looking ahead, management expressed confidence in returning to revenue and earnings growth in fiscal 2027, projecting low-single-digit revenue growth and nearly 40% earnings-per-share growth. Longer term, the company aims to grow Michael Kors revenues to $4 billion and Jimmy Choo revenues to $800 million while significantly improving profitability and delivering sustainable long-term shareholder value. Capri Holdings Limited price-consensus-eps-surprise-chart | Capri Holdings Limited Quote Capri Holdings reported adjusted earnings of 22 cents per share for the fourth quarter, which surpassed the Zacks Consensus Estimate of 11 cents. The bottom line improved significantly from an adjusted loss of $4.55 per share reported in the year-ago period. On a reported basis, the company posted a loss of one cent per share compared with a loss of $4.90 in the prior-year quarter. Total revenues came in at $796 million, missing the Zacks Consensus Estimate of $804 million. The top line declined 3.7% year over year on a reported basis and 7% on a constant-currency basis.By geography, The Americas remained the largest region but was also the main drag, with revenues of $433 million compared with $493 million in the year-ago quarter. EMEA improved to $246 million from $223 million, while Asia edged up to $117 million from $111 million, partially offsetting softness in the Americas.Gross profit increased to $516 million from $495 million in the year-ago quarter. Gross margin expanded 490 basis points to 64.8%, aided by a $40 million reduction in the cost of goods sold tied to estimated IEEPA tariff refunds. Oper...

Ross Stores, Inc. ROST reported first-quarter fiscal 2026 results, with earnings and sales surpassing the Zacks Consensus Estimate. Net sales and earnings per share (EPS) also increased from the prior-year period.Ross Stores posted first-quarter earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.70 and exceeding the company’s guidance of $1.60 to $1.67. The bottom line rose 37% from $1.47 per share in the prior-year period. Ross Stores, Inc. price-consensus-eps-surprise-chart | Ross Stores, Inc. Quote Total sales reached $6 billion, rising 21% year over year and beating the Zacks Consensus Estimate of $5.6 billion. Comparable store sales (comps) increased 17% year over year, driven by an increase in the number of transactions.We expected comps growth of 5% in the first quarter of fiscal 2026.Ross Stores' stock gained more than 5% in after-hours trading yesterday following the off-price retailer's report of better-than-expected first-quarter fiscal 2026 results, and it raised its full-year outlook. Investor sentiment was boosted by the company’s strong earnings beat and improved fiscal 2026 EPS guidance. The upbeat results reflected strong customer traffic, compelling merchandise assortments, successful Spring product transitions, effective marketing initiatives and an enhanced in-store shopping experience, signaling continued momentum in ROST’s underlying business fundamentals.Shares of the Zacks Rank #3 (Hold) company have gained 7.6% in the past three months compared with the industry's 4% growth. Image Source: Zacks Investment Research Cost of goods sold (COGS) rose 18.1% year over year to $4.2 billion. COGS, as a percentage of sales, declined 145 basis points (bps) year over year. The company’s merchandise margin improved by 85 basis points, while occupancy costs as a percentage of sales decreased by 60 basis points due to strong sales growth.Our model predicted COGS to increase 7.8% year over year and contract 10 bps to 71.7%, as a percentage of sales, in the fiscal first quarter.Distribution and domestic freight costs fell by 15 and 10 bps, respectively. However, these gains were partly offset by a 25-basis-point increase in buying costs and SG&A expenses, mainly due to higher incentive compensation following the company’s strong earnings performance. Marketing and store-related costs improved as a percentage of sales.The company’s...

Deckers Outdoor Corporation DECK reported fourth-quarter fiscal 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. DECK reported earnings of 96 cents per share, down 4% year over year but surpassed the Zacks Consensus Estimate of 81 cents by 18.5%. Net sales increased 9.6% year over year to $1,119.4 million and topped the consensus estimate of $1,082 million by 3.4%. On a constant-currency basis, net sales grew 7.7% year over year.The company delivered record fourth-quarter revenues driven by continued momentum in the HOKA brand, strong UGG demand, robust international growth and disciplined full-price selling across channels. Management highlighted that strategic investments in innovation, brand marketing and marketplace execution continue to strengthen Deckers’ competitive positioning while supporting long-term profitable growth. As a result, shares of the company gained 4.6% yesterday. Deckers Outdoor Corporation price-consensus-eps-surprise-chart | Deckers Outdoor Corporation Quote The HOKA brand continued to deliver strong momentum in the fourth quarter, with net sales increasing 14.5% year over year to $671.2 million, exceeding our projected $665.5 million. Growth was driven by robust demand across both direct-to-consumer and wholesale channels, supported by healthy gains in the U.S. and international markets. Management highlighted that the performance reflected growing consumer adoption of HOKA’s innovative performance and lifestyle offerings, continued success of franchise families such as Bondi, Clifton and Mafate, as well as disciplined marketplace management that supported high levels of full-price selling. The brand also benefited from strong international demand and accelerating consumer awareness globally.The UGG brand also delivered solid fourth-quarter results, with net sales increasing 9.2% year over year to $408.6 million, beating our estimate of $373.2 million. Growth was primarily driven by strength in the direct-to-consumer channel, seasonal product extensions and continued traction from newer categories including sneakers, sandals and clogs. Management noted strong consumer engagement across the global marketplace, supported by successful product launches such as the Lowmel sneaker and Golden collection, which further reinforced UGG’s positioning as a premium lifestyle brand.Meanwhile, net sales fo...

Urban Outfitters, Inc. URBN reported strong first-quarter fiscal 2027 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Also, both metrics improved from the prior-year quarter’s reported figures. The company delivered record first-quarter sales and profits, marking its seventh consecutive quarter of record performance.Management highlighted that broad-based momentum across the Retail, Subscription and Wholesale segments, along with disciplined execution and strong customer engagement, supported the quarter’s performance.During the quarter, all Retail segment brands posted positive comparable sales growth, led by standout performances at FP Group and Urban Outfitters. Nuuly continued to scale rapidly with strong subscriber growth and improving profitability, while the Wholesale segment delivered robust gains, driven by specialty account strength. Management also noted that investments in AI initiatives, customer acquisition and platform diversification are supporting long-term growth opportunities. Urban Outfitters, Inc. price-consensus-eps-surprise-chart | Urban Outfitters, Inc. Quote This lifestyle specialty retailer delivered earnings per share of $1.30, rising 12.1% year over year and surpassing the Zacks Consensus Estimate of $1.20 by 8.3%.Net sales increased 11.4% year over year to $1,481.3 million, beating the consensus mark of $1,456 million by 1.7%. Strength spanned Retail, Wholesale and Subscription, supported by positive comparable sales at all retail brands and continued subscriber growth at Nuuly. Total Retail segment net sales rose 8% year over year to $1.22 billion, while comparable Retail segment sales increased 5.6%. Growth in comparable sales was driven by high-single-digit gains in digital channel sales and mid-single-digit growth in retail store sales. The Comparable Retail segment sales increased 9.8% at FP Group, 9.3% at Urban Outfitters and 1.9% at Anthropologie. We estimated the Retail segment’s sales to increase 5.8% year over year.Within the FP Group, total sales increased 16.6% year over year to $411.7 million due to continued momentum across both Wholesale and Retail segments. Free People brand sales increased 12%, while FP Movement brand sales jumped 32% during the quarter.The Wholesale segment posted net sales growth of 24.8% to $93.2 million, driven by a 26.2% increase in FP Group wholesale revenues...

Tapestry’s first quarter was marked by significant operational momentum, as management credited robust customer acquisition and heightened brand engagement—particularly among Gen Z consumers—as key drivers behind the company’s revenue and profit growth. CEO Joanne Crevoiserat highlighted the “compounding benefits” of Tapestry’s Amplify strategy, which focuses on early consumer engagement and product innovation. Despite these achievements and strong operational metrics, management acknowledged the competitive environment and the need for ongoing innovation amid external pressures. Is now the time to buy TPR? Find out in our full research report (it’s free). Revenue: $1.92 billion vs analyst estimates of $1.78 billion (21.2% year-on-year growth, 7.6% beat) EPS (GAAP): $1.65 vs analyst estimates of $1.28 (29.5% beat) Adjusted EBITDA: $469.5 million vs analyst estimates of $382.8 million (24.4% margin, 22.7% beat) The company lifted its revenue guidance for the full year to $7.95 billion at the midpoint from $7.75 billion, a 2.6% increase EPS (GAAP) guidance for the full year is $6.95 at the midpoint, beating analyst estimates by 8.8% Operating Margin: 22.3%, up from 16% in the same quarter last year Locations: 1,290 at quarter end, down from 1,376 in the same quarter last year Constant Currency Revenue rose 23% year on year (8% in the same quarter last year) Market Capitalization: $26.81 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Bob Drbul (BTIG) asked about growth trajectory beyond 2026. CEO Joanne Crevoiserat said Tapestry aims for mid-single-digit revenue growth as a floor, driven by ongoing customer acquisition and brand investments. Irwin Boruchow (Wells Fargo) questioned Coach’s ability to sustain high growth next year. CFO Scott Roe said growth would normalize to at least mid-single digits, underpinned by AUR and unit increases plus selective store expansion. Matthew Boss (JPMorgan) pressed on the impact of new Gen Z customers for future unit growth. Crevoiserat explained that early engagement leads to higher repeat rates and lifetime value, compounding over time. Adrienne Yih-Tennant (Barclays) inq...

Boot Barn Holdings, Inc. BOOT posted fourth-quarter fiscal 2026 results, with both the top and bottom lines surpassing the Zacks Consensus Estimate. Both the top and bottom lines saw strong year-over-year growth. The company reported earnings of $1.45 per share, which rose 18.9% from $1.22 per share in the year-ago period. The metric surpassed the Zacks Consensus Estimate of $1.43. Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart | Boot Barn Holdings, Inc. Quote Net sales increased 18.7% year over year to $538.8 million from $453.7 million in the prior-year period, and came in ahead of the Zacks Consensus Estimate of $533 million. The increase was driven by incremental sales from new stores and higher consolidated same-store sales. Consolidated same-store sales rose 6.1%, which was higher than the Zacks Consensus Estimate of 4.4% growth. This growth was mainly driven by a 5.2% increase in retail store same-store sales and a 14.1% increase in e-commerce same-store sales. Boot Barn opened 25 new stores during the quarter, bringing its store count to 539 at quarter's end. Gross profit increased 16.1% to $195.7 million from $168.6 million in the prior-year period, supported by higher sales growth. However, gross margin declined 80 basis points to 36.3% from 37.1% in the prior-year period, mainly due to deleverage in buying, occupancy and distribution center costs, along with a 30-basis-point decline in merchandise margin. The merchandise margin decline reflected the impact of cycling unusually low shrink and freight expenses from the prior year, partially offset by improved buying scale efficiencies and higher penetration of exclusive brands. Selling, General & Administrative expenses (SG&A) were $138.5 million, up 16.5% from $118.9 million in the prior-year period. SG&A, as a percentage of sales, was 25.7% compared with 26.2% a year ago. Higher store payroll and store-related expenses tied to a larger fleet, along with increased marketing spend, drove the year-over-year dollar increase, while leverage on the higher sales base helped the rate improve. Income from operations increased 15.2% year over year to $57.2 million from $49.7 million. The operating income margin declined 40 basis points to 10.6% from 11% in the prior-year period. Boot Barn ended fiscal 2026 with cash and cash equivalents of $141 million, up from $69.8 million at the prior-year e...

Investors were disappointed with the weak earnings posted by Tapestry, Inc. (NYSE:TPR ). While the headline numbers were soft, we believe that investors might be missing some encouraging factors. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. The ratio shows us how much a company's profit exceeds its FCF. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. Tapestry has an accrual ratio of -0.43 for the year to March 2026. That indicates that its free cash flow quite significantly exceeded its statutory profit. In fact, it had free cash flow of US$1.8b in the last year, which was a lot more than its statutory profit of US$662.8m. Tapestry's free cash flow improved over the last year, which is generally good to see. Having said that, there is more to the story. The accrual ratio is reflecting the impact of unusual items on statutory profit, at least in part. Check out our latest analysis for Tapestry That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Tapestry's profit was reduced by unusual items worth US$983m in the last twelve months, and this helped it produce high cash conversion, as reflected by its unusual items. In a scenario where those unusual items included non-cash charges, we'd expect to see a strong accrual ratio, which is exactly what has happened in this case. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. W...

Sally Beauty Holdings, Inc. SBH delivered second-quarter fiscal 2026 results, wherein both the top and bottom lines increased year over year and surpassed the Zacks Consensus Estimate. SBH delivered adjusted earnings of 44 cents per share for the second quarter of fiscal 2026, beating the Zacks Consensus Estimate of 41 cents. The figure increased 4.8% from 42 cents in the year-ago quarter. Sally Beauty Holdings, Inc. price-consensus-eps-surprise-chart | Sally Beauty Holdings, Inc. Quote The company posted consolidated net sales of $903 million, up 2.3% year over year from $883.1 million and above the Zacks Consensus Estimate of $899.3 million. Net sales included a 150-basis-point favorable impact from foreign currency translation despite operating 47 fewer stores. Comparable sales growth was 1.3%, supported by strong 4.4% growth at Sally U.S. and Canada, partially offset by a 30-basis-point decline at Beauty Systems Group (BSG). Global e-commerce sales increased 13% year over year to $108 million, representing 12% of fiscal second-quarter net sales. In the Sally Beauty Supply segment, net sales rose 4.1% year over year to $521.2 million from $500.6 million, which came above the Zacks Consensus Estimate of $510 million. The segment delivered comparable sales growth of 2.5%, which also came higher than the Zacks Consensus Estimate of 1.1% growth. The Global Sally Beauty segment benefited from strong Color category growth of 11%, while the Care category declined 6% year over year. Sally Beauty’s e-commerce sales increased 21% year over year to $50 million and represented 10% of the segment's net sales, with Sally Beauty’s U.S. and Canada e-commerce sales rising 28%. Gross margin expanded 10 basis points to 61.3%, supported by higher product margin from the Fuel for Growth program, while segment operating margin declined 40 basis points to 15% due to higher planned expenses. BSG delivered net sales of $382.2 million, down 0.1% year over year from $382.6 million. The Zacks Consensus Estimate for segment sales is pegged at $389 million. The BSG segment’s comparable sales were down 0.3%. BSG benefited from 3% growth in the Color category, while Care sales remained flat. E-commerce sales increased 7% to $57 million and represented 15% of segment net sales. Gross margin expanded 110 basis points to 40.9%, supported by higher product margins from the Fuel for Growth p...