Burberry Group Plc ’s sales rose more than expected at the end of the fiscal year, indicating the turnaround under Chief Executive Joshua Schulman is paying off with a focus on its signature scarves and trench coats. Like-for-like sales rose 5% in the fourth quarter, Burberry said Thursday, ahead of analyst estimates of 4.6%. Schulman halted his predecessors’ push to take the brand up-market when ...
Burberry Group Plc ’s sales rose more than expected at the end of the fiscal year, indicating the turnaround under Chief Executive Joshua Schulman is paying off with a focus on its signature scarves and trench coats. Like-for-like sales rose 5% in the fourth quarter, Burberry said Thursday, ahead of analyst estimates of 4.6%. Schulman halted his predecessors’ push to take the brand up-market when he took the helm in 2024 following a significant drop in sales. The Coach and Michael Kors veteran lowered prices, cut jobs and returned mannequins to the store floor to make Burberry accessible and affordable to more shoppers. Burberry said William Jackson, founder and former CEO of private equity firm Bridgepoint Group, will take over as chair when Gerry Murphy retires in November. Shares of Burberry were down 8.4% this year through Wednesday’s close.
Rizky Ade Jonathan/iStock Editorial via Getty Images I've turned "Neutral" on PT Telekomunikasi Indonesia Tbk ( TLK ). The company's near-term prospects are negative judging by its financial performance and management outlook. But I like how it's rationalizing the business portfolio. Also, 5G-related worries seem to be overdone. With my prior September 11, 2025, write-up , I outlined the encouragi...
Rizky Ade Jonathan/iStock Editorial via Getty Images I've turned "Neutral" on PT Telekomunikasi Indonesia Tbk ( TLK ). The company's near-term prospects are negative judging by its financial performance and management outlook. But I like how it's rationalizing the business portfolio. Also, 5G-related worries seem to be overdone. With my prior September 11, 2025, write-up , I outlined the encouraging read-throughs from TLK's "Analyst Day" and its parent's investor relations event. Results and Guidance Were a Let-Down The firm released its FY2025 financials in a 6-K filing on Tuesday, May 12. In late April, TLK disclosed the need for "additional time to finalize its financial statements" because of "accounting policy changes." The latter had an unfavorable impact on the group's recent full-year performance. Its bottom line was 24.7% lower at IDR 179.8/share last year. That's 19% short of the sell-side's projection as per S&P Capital IQ data. My take is that the poor showing was largely attributable to a 10.1% rise in "Depreciation & Amortization (D&A)" costs. At the analyst call (S&P Capital IQ transcript), TLK highlighted a "decrease in the useful life of drop-cable fiber assets to 5-10 years" from a quarter of a century. Management explained that the revision was done to "better reflect the customer and technology lifecycle." This led to the recognition of an additional IDR 5 trillion in D&A expense for FY25. Also, I think its EPS was hurt by a new "Early Retirement Program/ERP" initiated during December of the previous year. TLK's 4Q25 ERP-related compensation amounted to IDR 0.94 trillion. That was the main driver of a 17% rise in staff costs between the third and fourth quarters of 2025. Looking ahead, management is anticipating a 2% topline expansion and an EBITDA-to-sales metric of 50% for FY2026. This is disappointing in my opinion. The consensus's revenue growth forecast was a superior +4%. The guide implies limited improvement from last year's 49.9% EBITDA m...
Earnings Call Insights: Doximity (DOCS) Q4 fiscal 2026 Management View "Q4 ended above the high end of our guidance, with a record $107 million in free cash flow, our first ever 9-digit free cash flow quarter." (Co-Founder, CEO & Chairperson Jeffrey Tangney) "Our benchmark workflow engagement reached over 800,000 unique quarterly active prescribers in Q4, up roughly 30% year-on-year" and "nearly h...
Earnings Call Insights: Doximity (DOCS) Q4 fiscal 2026 Management View "Q4 ended above the high end of our guidance, with a record $107 million in free cash flow, our first ever 9-digit free cash flow quarter." (Co-Founder, CEO & Chairperson Jeffrey Tangney) "Our benchmark workflow engagement reached over 800,000 unique quarterly active prescribers in Q4, up roughly 30% year-on-year" and "nearly half of all these active prescribers used our AI tools in Q4." (CEO Tangney) "As of today, 140 health systems have purchased our clinical AI suite, including 7 of the top 20 hospitals." (CEO Tangney) "We've forecasted minimal AI revenue contribution this fiscal year while allowing for a wider range of AI investments and related expenses meaning higher R&D, compute and marketing spend that will weigh on near-term margins." (CEO Tangney) "As we announced last month, Anna Bryson made the difficult decision to step down as CFO after being on medical leave." (CEO Tangney) "Non-GAAP gross margin in the fourth quarter was 89% versus 91% in the prior year period, driven by AI compute costs." (Head of Investor Relations Perry Gold) "For the full fiscal year, we expect revenue in the range of $664 million to $676 million" and "we expect adjusted EBITDA in the range of $323 million to $335 million, representing a 49% adjusted EBITDA margin." (Head of Investor Relations Gold) Outlook "For the first fiscal quarter of 2027, we expect a revenue range of $151 million to $152 million" and "adjusted EBITDA in the range of $68.5 million to $69.5 million." (Head of Investor Relations Gold) "We are witnessing a continuation of the trend discussed on our last call, with short-term demand in the HCP digital pharma ad market soft and visibility is still limited." (Head of Investor Relations Gold) "We expect overall market growth to be modest this year, likely at or below 5%." (Head of Investor Relations Gold) "We began selling the product in late April" and "we do anticipate a more notable ramp as ...
(RTTNews) - Spanish telecom major Telefónica SA (TELFY) reported Thursday narrower net loss in its first quarter, and higher adjusted EBITDA, amid slightly higher revenues. Further, the firm maintained fiscal 2026 outlook and dividend plan.
(RTTNews) - Spanish telecom major Telefónica SA (TELFY) reported Thursday narrower net loss in its first quarter, and higher adjusted EBITDA, amid slightly higher revenues. Further, the firm maintained fiscal 2026 outlook and dividend plan.
JHVEPhoto ENEOS Holdings ( JXHLY ) said on Thursday it will acquire Chevron's ( CVX ) 50% stake in Singapore Refining Company along with additional assets across Southeast Asia and Australia in a $2.2B deal. “This investment represents a significant step in strengthening the business platform that connects Japan with Southeast Asia and Oceania, while bringing together the competitive strengths dev...
JHVEPhoto ENEOS Holdings ( JXHLY ) said on Thursday it will acquire Chevron's ( CVX ) 50% stake in Singapore Refining Company along with additional assets across Southeast Asia and Australia in a $2.2B deal. “This investment represents a significant step in strengthening the business platform that connects Japan with Southeast Asia and Oceania, while bringing together the competitive strengths developed across each market to advance our Group’s growth to the next stage,” said Eneos Holdings CEO Miyata Tomohide. The parties expect the transaction to close in calendar year 2027. More on Chevron, ENEOS Holdings, Inc. Chevron: Attractive Total Return Potential Over 3- To 5-Year Horizon Chevron Can See Significant Upside From Spot And Oil-Linked LNG Sales Chevron: Growth, Rising Oil Prices, Favorable Setup Federal gas tax holiday could deplete Highway Trust Fund by 2027 Insider trades: Intel, Bank of America, and Pinterest among notable names
The U.S. has cleared around 10 Chinese firms to buy Nvidia's second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks a breakthrough in China this week. Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an invi...
The U.S. has cleared around 10 Chinese firms to buy Nvidia's second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks a breakthrough in China this week. Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an invitation from President Donald Trump, a source said. Trump picked him up in Alaska en route to a summit with Chinese President Xi Jinping, raising hopes the trip could finally unlock stalled efforts to sell the H200 chips in China. The stakes are significant, highlighting how the U.S.-China tech rivalry is now snarling even approved trade, leaving the world's most valuable company and dominant chipmaker caught between dueling national priorities. Before U.S. export curbs tightened, Nvidia commanded about 95% of China's advanced chip market. China once accounted for 13% of its revenue, and Huang has previously estimated the country's AI market alone would be worth $50 billion this year. The U.S. Commerce Department has approved around 10 Chinese companies including Alibaba 9988.HK, Tencent 0700.HK, ByteDance and JD.com 9618.HK to purchase Nvidia's NVDA.O H200 chips, according to the sources, who spoke on condition of anonymity due to the sensitivity of the matter. A handful of distributors including Lenovo 0992.HK and Foxconn 2317.TW have also been approved, they said. Buyers are permitted to purchase either directly from Nvidia or through those intermediaries and each approved customer can purchase up to 75,000 chips under the U.S. licensing terms, two of them said. The identities of the approved buyers, and the nature of their relationships with Nvidia and the authorized distributors involving the coveted AI chip, have not been previously reported. A spokeswoman for the U.S. Department of Commerce, which oversees export controls like those on H200 semiconductors, declined co...
Hong Kong authorities have delayed plans to lower the age threshold for mandatory medical certification for taxi and other commercial vehicle drivers, as well as to require annual check-ups, with legislative proposals now expected in the second half of the year. “The government is carefully reviewing the views of various stakeholders to finalise the details and refine the legislative proposals,” a...
Hong Kong authorities have delayed plans to lower the age threshold for mandatory medical certification for taxi and other commercial vehicle drivers, as well as to require annual check-ups, with legislative proposals now expected in the second half of the year. “The government is carefully reviewing the views of various stakeholders to finalise the details and refine the legislative proposals,” a Transport Department spokesman said in response to the South China Morning Post on Thursday. He...
SoFi Stock’s Next Test: Can It Justify Its Premium Valuation?OppFi (NYSE:OPFI) reported higher first-quarter 2026 revenue but lower adjusted earnings as elevated charge-offs offset growth in receivables, while management emphasized a series of strategic moves aimed at reshaping t
SoFi Stock’s Next Test: Can It Justify Its Premium Valuation?OppFi (NYSE:OPFI) reported higher first-quarter 2026 revenue but lower adjusted earnings as elevated charge-offs offset growth in receivables, while management emphasized a series of strategic moves aimed at reshaping t
(RTTNews) - The Federal Court in Australia has found that Coles Supermarkets Australia (COL.AX) misled customers through its "Down Down" discount promotions, a statement from the Australian Competition and Consumer Commission (ACCC) shows.
(RTTNews) - The Federal Court in Australia has found that Coles Supermarkets Australia (COL.AX) misled customers through its "Down Down" discount promotions, a statement from the Australian Competition and Consumer Commission (ACCC) shows.