Research library

After 2Q26: RH Estates should help, but Europe keeps dragging on profits; we see 2026 EPS of $5.00 to $7.00.

Academy's new-store comp boost can't offset negative comps, and its other growth drivers look thin.

Under Armour has cut costs for years without margin gains; its hits, like Bouncy Tee, aren't reaching enough scale.

After laminate and vinyl turned commoditized, is porcelain tile next? What that means for Floor & Decor's business model.

VF Corp comes down to trusting management; results are improving, but Vans remains the pain point.

Heavy discounting of Arc'teryx footwear at retailers like REI is the first real warning sign; the rest of Amer looks healthy.

A state-of-the-union on Lululemon: discounting, merchandising, IT and Asia store checks, and why a return to health is underway.

Tractor Supply dropped the long-term targets we long called unrealistic; what the withdrawal means for the stock.

Wolverine raised Saucony's outlook but not Merrell's, implying a sharp slowdown as outdoor footwear competition heats up.

Store visits in Hong Kong and Japan support Deckers' call for faster international growth in the second half for HOKA and UGG.

Every bear worry from last year proved wrong, yet Deckers stock hasn't moved despite about 20% higher earnings.

Store checks at athletic retailers in Hong Kong and Japan: HOKA, On and Arc'teryx look strong while Nike is heavily discounted in Japan.

Dick's Media Network is starting to lift gross margin for the first time, which could push margins past their usual ceiling.

Williams-Sonoma's multi-brand model covers more of the home furnishings market than any peer, a rare competitive advantage.

Why laminate and vinyl flooring have become too commoditized for Floor & Decor's model, and why top investors left.

Nike's soft World Cup push in soccer risks handing US ground to Adidas just as the tournament comes to America.

Why On needs its own stores to succeed in apparel, since wholesale rarely explains innovative clothing to shoppers.

Parallels to Tractor Supply's 2016-17 sell-off, as its 'needs-based' categories look more discretionary than claimed.

Why conglomerates usually fail in athletic brands, why Amer is different, and the case for Amer bidding for Lululemon.

Why Lululemon's board chair and board are repeating Nike's strategic mistakes, and what that means for the proxy fight.

ASICS keeps matching or beating Nike on major marathon podiums; a deep look at its performance running business.

How Adidas is outpacing Nike in running and soccer heading into the World Cup.

Is Merrell and Saucony's recent success lasting, or just a strong outdoor footwear cycle that competitors are now chasing?

Is Canada Goose more than a niche outerwear brand? Why its costly year-round store expansion story is hard to believe.

4Q25 was RH's first quarter since 2014 with no adjustments to operating income, and what that rare change may signal.

Arhaus talks up its outdoor collection but hasn't released an outdoor catalog; how its outdoor and bath businesses compare with RH.

Floor & Decor's post-IPO margin slump offers a playbook for today's 50% drawdown, also tied to distribution center expansion.

Under Armour still has an authentic brand built on creating, not copying; can the turnaround finally turn that into results?

Columbia's solid niche outerwear business has broader appeal than hyped peers, making it a possible 2026 turnaround story.

RH's restaurant push, compared with Ralph Lauren's Chicago spot, plus our visit to RH Paris.