IMMEDIATE CALL POSTMORTEMS

The first take, while it still matters.

After earnings, most sell-side research takes a day or more to publish, and much of it repeats the press release. An Immediate Call Postmortem is our unfiltered first read: posted on X within minutes of the call ending, then archived here and on Substack. It’s free, it’s short, and it focuses on what actually changed. We only write one when a call gives us something worth saying, and a much more thoughtful Upon Further Review report tends to follow within 3–5 business days.

Why speed matters: read Confessions of a Sell-Side Analyst →

Matthew McClintock 11/12/26 Matthew McClintock 11/12/26

Wolverine Worldwide: 3Q26 Immediate Call Postmortem

Immediate Call Postmortem on Wolverine Worldwide's 3Q26 earnings call.

Matthew McClintock 10/29/26 Matthew McClintock 10/29/26

Floor & Decor: 3Q26 Immediate Call Postmortem

Immediate Call Postmortem on Floor & Decor's 3Q26 earnings call.

Matthew McClintock 10/28/26 Matthew McClintock 10/28/26

VF Corp: 2Q27 Immediate Call Postmortem

Immediate Call Postmortem on VF Corp's 2Q27 earnings call.

Matthew McClintock 10/22/26 Matthew McClintock 10/22/26

Deckers Brands: 2Q27 Immediate Call Postmortem

Immediate Call Postmortem on Deckers Brands' 2Q27 earnings call.

Matthew McClintock 10/22/26 Matthew McClintock 10/22/26

Tractor Supply: 3Q26 Immediate Call Postmortem

Immediate Call Postmortem on Tractor Supply's 3Q26 earnings call.

Matthew McClintock 10/1/26 Matthew McClintock 10/1/26

Nike: 1Q27 Immediate Call Postmortem

Immediate Call Postmortem on Nike’s 1Q27 earnings call.

Matthew McClintock 9/10/26 Matthew McClintock 9/10/26

Restoration Hardware: 2Q26 Immediate Call Postmortem

They might have beat revenue and earnings this quarter, but we also got a necessary guide down for the rest of the year.

Matthew McClintock 9/3/26 Matthew McClintock 9/3/26

Lululemon: 2Q26 Immediate Call Postmortem

Setting Heidi up to win is one thing. And boy did Meghan and Andre say many things that made it sound like the wheels have fallen off the bus.

Matthew McClintock 8/26/26 Matthew McClintock 8/26/26

Williams Sonoma: 2Q26 Immediate Call Postmortem

Laura believes that they have now proven the business can succeed regardless of the housing market. Home furnishings industry was essentially flat during the quarter, so all their growth was market share gains.

Matthew McClintock 8/25/26 Matthew McClintock 8/25/26

Dick’s Sporting Goods: 2Q26 Immediate Call Postmortem

Inventory levels building up across parts of the industry (specifically called out “legacy footwear” and “apparel franchises” that aren’t resonating the way it once did), leading to a promotional environment. Athletes increasingly responding to newness, innovation, and “a broader set of brands”.

Matthew McClintock 8/19/26 Matthew McClintock 8/19/26

Target Corp: 2Q26 Immediate Call Postmortem

“Broad based strength” is the headline that Fiddelke leads with on many fronts: guest demographics, categories, cadence, etc. “Continuing to invest in newness, convenience, and an elevated shopping experience”.

Matthew McClintock 8/18/26 Matthew McClintock 8/18/26

Amer Sports 2Q26 Immediate Call Postmortem

What is there to say other than wow. Difficult to criticize anything for this quarter.

Matthew McClintock 8/13/26 Matthew McClintock 8/13/26

Wolverine Worldwide 2Q26 Immediate Call Postmortem

After than On debacle earlier this week, is Wolverine Worldwide the only footwear company left that’s seemingly not facing problems in the US? The main word being used by management is “confidence”.

Matthew McClintock 8/11/26 Matthew McClintock 8/11/26

On Holding AG 2Q26 Immediate Call Postmortem

Well it had to happen at some point: On finally feels pressure from the “heavily promotional environment”. Clearly management previously thought the brand an immune unicorn or else they wouldn’t be guiding revenue down today.

Matthew McClintock 6/30/26 Matthew McClintock 6/30/26

Nike 4Q26 Immediate Call Postmortem

“The real story isn’t the celebration. The real story is everything it took to get there.”

Matthew McClintock 6/11/26 Matthew McClintock 6/11/26

Restoration Hardware 1Q26 Immediate Call Postmortem

Gary sounded a lot more upbeat right off the bat. Still a ton of “trust me” for a guy that has said that for many years now only to not deliver on anything new in over a decade (international in particular).

Matthew McClintock 6/9/26 Matthew McClintock 6/9/26

Academy Sports 1Q26 Immediate Call Postmortem

Bit surprised by the stock strength as quarter itself largely non-event on topline given updated guidance heading into the investor day awhile back – management stated quarter came in as expected.

Matthew McClintock 5/21/26 Matthew McClintock 5/21/26

Williams Sonoma: 1Q26 Immediate Call Postmortem

The answer to Sigman’s question probably sums everything up: Seeing broad based comp levers and very excited to see it across channels. Thrilled to see furniture recovering.

Matthew McClintock 5/21/26 Matthew McClintock 5/21/26

Deckers Brands 4Q26 Immediate Call Postmortem

Double digit revenue growth with 20%+ EBIT margins and the stock trades at 13x on sandbagged earnings? Can the bears remind me once again why they hate this stock?

Matthew McClintock 5/20/26 Matthew McClintock 5/20/26

VF Corp 4Q26 Immediate Call Postmortem

Bracken explicitly communicated these takeaways: Return to growth in FY26 and expect to keep growing in FY27. Seeing tangible signs of momentum at Vans, led by Americas DTC.