Lululemon 4Q25 Immediate Call Postmortem
Is Lululemon’s BOD trying to send a message to Chip Wilson that a different “Chip” is the better answer? Almost certainly not the same quality level of at least one of Chip Wilson’s candidates in Marc Maurer.
Adidas 4Q25 Immediate Call Postmortem
“In a complicated world with many negative things there are also great sport events” – CEO Bjorn Gulden. Have to say, really like Bjorn a lot.
On Holding 4Q25 Immediate Call Postmortem
David tells an amazing story about how athletic brands are going to crush life going forward. The “movement class” is the future and they have a desire for vitality.
Arhaus 4Q25 Immediate Call Postmortem
High level it seems the story is Arhaus doesn’t want to be like all the other shitty furniture retailers and instead wants to break out of the group’s reputation like Williams Sonoma did.
Amer Sports 4Q25 Immediate Call Postmortem
Women's and footwear up roughly 40% or more. They had strong double-digit growth in Veilance – I certainly hope so given Arc’teryx store count is up approximately 30%.
Floor & Decor 4Q25 Immediate Call Postmortem
At least Tom Taylor did the beginning commentary for the call. Sadly, it sounds like he won’t do it anymore though.
Under Armour 3Q26 Immediate Call Postmortem
Kevin talked about the one-off items as “frustrating”. Shareholders are way past that word when talking about this company.
Deckers 3Q26 Immediate Call Postmortem
Global Hoka and Ugg performance exceeded expectations and was “exceptional” with balanced growth across DTC and wholesale. Americas accelerated.
VF Corp 3Q26 Immediate Call Postmortem
Main story management selling seems to be they are back to growth again (first time since FY23). Lot of green shoots in every direction.
Nike 2Q26 Immediate Call Postmortem
Every region (and Converse) except for North America missed consensus revenue expectations with China the most notable shortfall.
Lululemon 3Q25 Immediate Call Postmortem
Calvin stepping down is what everyone wanted well now you have it. As much as people love hating on him, he did oversee a massive period of growth (tripled revenue) into an approximate tie with Nike for world largest athletic apparel brand.
Restoration Hardware 3Q25 Immediate Call Postmortem
Am I the only person that read the shareholder letter and felt like Gary was angrily typing various sentences in all caps because he thinks everyone else is stupid?
On Holding 3Q25 Immediate Call Postmortem
First the bad. Not only did they miss the Americas revenue consensus estimate, but they also barely had double digit growth to begin with and everybody remembers what happened to Deckers (DECK) after domestic revenue growth cracked that level.
Under Armour 2Q26 Immediate Call Postmortem
Kevin is talking more about innovation this quarter than we have heard in quite a long time. Of course, he had to bring up the backpack again but this time around he added a lot of other products and even started talking about the NEOLAST technology they have had a partnership with for past year (lead times).
VF Corp 2Q26 Immediate Call Postmortem
Got a treat today with a video conference call. “It was a good quarter” – Bracken.
Tractor Supply: 3Q25 Immediate Call Postmortem
Going to call this quarter a lesson in reality. Even if management really thought it was possible to do a 4% comp this year, they never should have had that scenario in guidance given the aggressive acceleration required in 2H25 (7%+).
Deckers 2Q26 Immediate Call Postmortem
As much as people want to penalize the company on domestic sales being down, the trend got sequentially better (just like management said would happen) and international continues to grow at an exceptionally impressive rate despite having the best result in years last quarter.
Lululemon 2Q25 Immediate Call Postmortem
Down 4% Americas comp despite massive discounting in July is disappointing but we kinda already knew the entire athletic apparel industry is facing issues (that includes signs at FinX favorites Alo and Vuori BTW).
Academy Sports 2Q25 Immediate Call Postmortem
Is this really the second quarter in a row where they miss earnings but increase the guidance range? Even that is kind of a mess as they lowered adjusted net income on the high end while raising adjusted EPS (likely due to share repurchases but still a lot of noise here).
Dick's Sporting Goods 2Q25 Immediate Call Postmortem
Main message that management wanted to send is they are seeing strength across the board. All channels.