Latest news with #PYYX
Yahoo
11-06-2025
- Business
- Yahoo
Academy Sports and Outdoors Inc (ASO) Q1 2025 Earnings Call Highlights: Navigating Challenges ...
Net Sales: $1.35 billion, down 0.9% year-over-year. Comparable Sales: Decline of 3.7%. E-commerce Sales: Increased by 10%, with penetration over 10%. Gross Margin: 34%, up 60 basis points from last year. SG&A Expenses: 28.8% of sales, increased by 290 basis points. Operating Income: $69.3 million. Diluted EPS: $0.68; Adjusted EPS: $0.76. Inventory: Units per store up 6.5%; dollars per store up 7.8%. Cash and Liquidity: $285 million in cash; $1 billion untapped revolver. Store Count: 303 stores, with 5 new locations opened in Q1. Guidance: Sales expected between $5.97 billion to $6.26 billion; EPS between $5.10 to $5.90. Warning! GuruFocus has detected 6 Warning Signs with PYYX. Release Date: June 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Academy Sports and Outdoors Inc (NASDAQ:ASO) reported a 10% increase in e-commerce sales, with online penetration growing by 100 basis points to over 10%. The company successfully launched the Jordan Brand in 145 stores and online, with initial sales tracking ahead of expectations. Academy Sports and Outdoors Inc (NASDAQ:ASO) opened five new store locations in Q1, including its first locations in Pennsylvania and Maryland, and remains on track to open 20 to 25 new stores this year. The company has effectively mitigated the impact of tariffs by pulling forward inventory at pre-tariff prices and reducing exposure to Chinese imports. Academy Sports and Outdoors Inc (NASDAQ:ASO) saw an increase in foot traffic from customers with household incomes over $100,000, indicating a shift towards value-seeking behavior among higher-income consumers. Net sales for the first quarter were $1.35 billion, down 0.9% from the previous year, with a negative 3.7% comp. The company experienced softness in certain categories, such as ammunition, basketball, and golf, which impacted overall sales performance. SG&A expenses increased by 290 basis points, driven by new store support, higher labor costs, and investments in digital and supply chain technologies. The company faces a challenging consumer environment with inflationary pressures and choppy consumer shopping patterns. Academy Sports and Outdoors Inc (NASDAQ:ASO) has widened its comp sales guidance to account for an expanded range of outcomes due to uncertainties related to tariffs and consumer spending. Q: How is Academy Sports and Outdoors retaining higher-income consumers who started shopping with them six months ago? A: Earl Ford, CFO, stated that they have seen a demographic shift with more customers earning over $100,000 shopping more frequently. These customers are not only purchasing national brands but also experiencing the value of Academy's private brands. Retention of these customers has been strong, with them shopping across various categories. Q: Can you provide insights into the sales performance in May and the impact of the Jordan Brand launch? A: Steven Lawrence, CEO, mentioned that while the Jordan Brand continues to perform well, May sales were down slightly in low single digits. However, they remain optimistic about Q2, with significant shopping events like Father's Day and back-to-school season expected to drive sales. Q: How is Academy Sports and Outdoors managing the impact of tariffs on gross margins? A: Earl Ford, CFO, explained that they have pulled forward inventory at pre-tariff prices and shifted sourcing away from China to mitigate tariff impacts. They are confident in maintaining their gross margin guidance through strategic inventory management and pricing strategies. Q: What is the outlook for new store openings given the current tariff situation? A: Steven Lawrence, CEO, stated that while they have slowed the pace of signing new leases to assess construction costs, they remain on track to open 20 to 25 new stores this year. They are maintaining flexibility to adjust the timing of openings based on the evolving tariff landscape. Q: How is Academy Sports and Outdoors addressing the competitive landscape with the potential DICK'S and Foot Locker merger? A: Steven Lawrence, CEO, emphasized that Academy's broad assortment, including outdoor and recreational products, differentiates them from competitors. They focus on providing value and serving a different customer base, which includes younger families and those in midsized markets. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
ADF Group Inc (ADFJF) Q1 2026 Earnings Call Highlights: Navigating Tariff Challenges with ...
Revenue: $55.5 million for the three-month period ended April 30, 2025, compared to $107.4 million for the same period in 2024. Gross Margin: $12.2 million, decreased by $19.1 million from the previous year; gross margin percentage decreased from 29.2% to 22%. Net Income: $8.7 million or $0.30 per share, compared to $15.3 million or $0.47 per share in the previous year. Selling and Administrative Expenses: $3.4 million, a decrease of $6.3 million from the previous year. Cash and Cash Equivalents: $75.3 million, $15.3 million higher than the January 31, 2025, ending balance. Working Capital: $108.6 million with a ratio of 2.45:1. CapEx: $1.6 million for the quarter, with full-year CapEx expected to be under $8 million. Order Backlog: $330.4 million as of April 30, 2025. Share Repurchase: 699,000 subordinate voting shares repurchased for $5.1 million during the quarter; total NCIB program repurchase of 1.8 million shares for $14.1 million. Warning! GuruFocus has detected 6 Warning Signs with PYYX. Release Date: June 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ADF Group Inc (ADFJF) reported a strong order backlog exceeding $300 million as of April 30, 2025, indicating potential future revenue growth. The company closed the first quarter with a robust cash and cash equivalents position of $75.3 million, which is $15.3 million higher than the previous quarter. Net income for the quarter was $8.7 million, benefiting from lower net financial expenses and a $2.9 million foreign exchange gain. ADF Group Inc (ADFJF) successfully completed its NCIB program, repurchasing 1.8 million shares, which reflects confidence in the company's value. The company anticipates an increase in revenues and profitability in the second half of the fiscal year ending January 31, 2026, based on current market conditions. Revenues for the quarter decreased significantly to $55.5 million from $107.4 million in the same period last year, primarily due to US tariffs. Gross margin decreased by $19.1 million, with margins dropping from 29.2% to 22% year-over-year, impacted by tariffs and increased steel prices. The uncertainty surrounding US tariffs has caused delays in fabrication hours, particularly affecting the Terrebonne plant in Quebec. The company faced a loss of certain business opportunities due to the imposition of tariffs, affecting its US client base. Selling and administrative expenses decreased by $6.3 million, but this was mainly due to adjustments in market value of deferred share units and performance share units, not operational improvements. Q: Can you clarify if the expected growth in the second half of the year implies year-over-year growth back to the $80 million plus level, or is it growth over the quarter reported today? A: Based on current knowledge, we expect revenues to return to levels seen last year, around $80 to $85 million, assuming current conditions remain unchanged. - Jean Paschini, CEO Q: How are contract discussions going with clients regarding exemptions? Are you seeing more receptiveness, and should we expect new contracts soon? A: We anticipate new contracts in the coming months, though it's uncertain if they will be US contracts due to ongoing tariff uncertainties. Conversations with clients are positive, but the situation remains fluid. - Jean-Francois Boursier, CFO Q: Are you seeing any momentum with Canadian clients, given that this quarter was almost entirely US-focused? A: Yes, there is significant momentum with Canadian clients, and we see substantial potential in this area. - Jean-Francois Boursier, CFO Q: With the NCIB completed and a large cash balance, what are your plans for capital allocation? Are you considering paying down debt or any CapEx projects? A: We are exploring various CapEx projects and scenarios to utilize our cash effectively, focusing on projects within our shop. - Jean-Francois Boursier, CFO Q: What are your expectations for the second half of the fiscal year in terms of revenue and profitability? A: We expect an increase in revenues and profitability for the second half of the fiscal year, supported by a strong order backlog exceeding $300 million. - Jean Paschini, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
11-06-2025
- Business
- Yahoo
Pyxus International Inc (PYYX) Q4 2025 Earnings Call Highlights: Strong Revenue Growth and Debt ...
Revenue: Increased by 22% to $2.5 billion for fiscal year 2025. Gross Profit: Increased by 10% to $343 million for fiscal 2025. Operating Income: Increased by 12% to $153 million for the year. Net Income: Achieved $15 million compared to $3 million in the prior year. Adjusted EBITDA: Reached $208 million, up from $194 million in the prior year. Adjusted Free Cash Flow: Generated $152 million during the fiscal year. Debt Reduction: Reduced long-term debt by approximately 25% since March 2024. Fourth Quarter Revenue: Increased by 25% to $502 million. Fourth Quarter Gross Profit: Grew to $67 million from $58 million in the prior year. Fourth Quarter Operating Income: More than doubled to $14 million from $7 million last year. SG&A Expenses: Increased to $171 million from $161 million in the prior year. Interest Coverage Ratio: Improved to 1.6 times from 1.5 times in fiscal year 2024. Inventory: Total inventory at year-end was $762 million compared to $932 million last year. Warning! GuruFocus has detected 6 Warning Signs with PYYX. Release Date: June 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Pyxus International Inc (PYYX) reported a 22% increase in full-year sales, reaching $2.5 billion. The company achieved a 10% increase in annual gross profit, amounting to $343 million for fiscal 2025. Operating income rose by 12% to $153 million, and net income increased to $15 million from $3 million in the prior year. Pyxus International Inc (PYYX) successfully reduced long-term debt by approximately 25% since March 2024. The company reported a significant improvement in its credit profile, with leverage reduced from 4.8 times to 3.7 times, the lowest in over a decade. SG&A expenses increased to $171 million, driven by higher personnel costs and non-cash equity-based compensation expenses. Interest expense remained consistent with the prior year due to increased borrowings from seasonal lines of credit. The company anticipates sales for fiscal year 2026 to be weighted towards the second half, indicating potential volatility in cash flow. Despite debt reduction, the company still faces high-cost debt, with no immediate plans for refinancing. Inventory levels were low at the end of fiscal 2025, necessitating significant investment in inventory replenishment in fiscal 2026. Q: Could you provide more color on why you'd expect sales to be weighted towards the second half of the year? Also, do you expect EBITDA to be weighted to the second half of the year as well? A: As we ended the fiscal year with low inventories, we are replenishing these in the first half of the year. Shipments are expected to be more weighted to the second half as we purchase, commit, process, and then ship. Both volume and EBITDA are driven by these characteristics. - J. Pieter Sikkel, President, CEO Q: Your guidance is for revenue to be down slightly year over year at the midpoint, and EBITDA up mid-single digits. What does that assume for full-year volumes and the pricing environment? A: We anticipate larger crop sizes leading to reduced pricing. We are positioned to purchase tobacco according to quality and transfer those prices to customers. This results in increased volumes, higher gross margins, and reflects in our guidance. - J. Pieter Sikkel, President, CEO Q: Given your lower-than-normal inventory balance at the end of the year, what's your view on free cash flow? Can you sustain the lower net debt balance? A: We expect a more normalized purchasing pattern and will continue our disciplined working capital approach. We were cash generative before working capital changes, highlighting our focus on disciplined management and improved operating performance. - Dustin Styons, Interim CFO Q: Could you update us on what's happening with the Philip Morris International heat-not-burn product in the United States? A: We are involved in the supply chain for these products, which aligns with our strategy to meet reduced risk product requirements. We see this as positive for our business, but we don't have a specific launch date for the U.S. yet. - J. Pieter Sikkel, President, CEO Q: I noticed there was no entry for the share repurchase in your cash flow statement. Why is that? A: The repurchase is captured in the statement of stockholders' equity and is included in the cash flow, though not highlighted separately. It is clear on the shareholders' equity statement. - Dustin Styons, Interim CFO Q: With improved credit metrics, what are your thoughts on improving your capital structure or refinancing high-cost debt? A: We are continuing to evaluate our strategic options, but there are no key updates related to refinancing efforts at this time. - Dustin Styons, Interim CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Pyxus: Fiscal Q4 Earnings Snapshot
MORRISVILLE, N.C. (AP) — MORRISVILLE, N.C. (AP) — Pyxus International Inc. (PYYX) on Tuesday reported a loss of $5.1 million in its fiscal fourth quarter. On a per-share basis, the Morrisville, North Carolina-based company said it had a loss of 20 cents. The tobacco company posted revenue of $501.7 million in the period. Pyxus expects full-year revenue in the range of $2.3 billion to $2.5 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PYYX at Sign in to access your portfolio
Washington Post
10-06-2025
- Business
- Washington Post
Pyxus: Fiscal Q4 Earnings Snapshot
MORRISVILLE, N.C. — MORRISVILLE, N.C. — Pyxus International Inc. (PYYX) on Tuesday reported a loss of $5.1 million in its fiscal fourth quarter. On a per-share basis, the Morrisville, North Carolina-based company said it had a loss of 20 cents. The tobacco company posted revenue of $501.7 million in the period.
