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2 hours ago
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Brooks Running global revenue up nearly 20% in Q2
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Brooks Running's second-quarter global revenue jumped 19% year over year, the activewear brand announced Wednesday. The privately held company did not share precise sales figures. In the U.S., its performance running footwear market rose 9% year over year, driven by a 16% increase in premium footwear sales. Customers in the U.S. and Canada drove a 13% increase in North American sales compared to last year, per the press release. The company introduced eight footwear styles in the second quarter, which resulted in a 28% surge in unit growth in new footwear styles, the release said. Dive Insight: While Brooks Running is privately held, its sales results indicate the brand is continuing to perform well despite larger economic uncertainty. A year ago, the activewear brand reported a 15% increase in revenue, a 'record' for the company at that time. This year, its Q2 revenue 'set an all-time quarterly high' for the second consecutive quarter, per its Wednesday press release. In its latest earnings announcement, Brooks Running highlighted the success of its Disney partnership. The collaboration led to a collection of Disney-themed performance running shoes during the runDisney Springtime Surprise Weekend in April. The first batch of Disney-themed footwear sold out in 12 hours on the brand's website, and a second batch 'generated records for hourly e-commerce revenue' for the company, per the press release. 'Brooks continues to execute at a very high level, delivering outstanding value to our customers while adapting to a dynamic business environment,' Dan Sheridan, Brooks Running CEO, said in a statement. 'Our innovative product pipeline, the strength of our global business model, and our authentic touchpoints with consumers are a testament to our team's customer-first approach.' Brooks' financial announcement comes at a volatile time for the footwear industry. In April, the Footwear Distributors and Retailers of America sent a letter to President Donald Trump to consider tariff exemptions on shoe imports. Meanwhile, in Adidas' second-quarter earnings release, the company said it expects the U.S. tariffs to drive a 200-million-euro (roughly $230 million) impact on its product costs. U.S. department stores, apparel and footwear retailers will likely be hit the hardest by the U.S. tariffs, Moody's Ratings said in a report released last month. The ratings agency predicts that revenues will rise 3% at most. Shoppers have already begun pulling back their spending on footwear, research suggests. Under a third of U.S. consumers said they foresee spending less on work shoes (29%) and dress shoes (26%) this spring and summer, according to an AlixPartners survey from May. Spending on athleisure shoes is expected to decline by 17%, the report said. Recommended Reading The Container Store lowers Q3 sales guidance 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
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3 hours ago
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Trump Jr.'s crypto stock pick crashes 45%
Trump Jr.'s crypto stock pick crashes 45% originally appeared on TheStreet. Thumzup, a small-cap digital marketing firm with ambitions beyond social influence, made waves in the crypto space this week. While the company has built its brand on rewarding users for posting brand promotions on social media, it is now setting its sights on blockchain infrastructure. The pivot caught the attention of markets and investors alike, especially with one big name surfacing in recent regulatory filings: Donald Trump Jr. Trump Jr., whose name only appeared in filings last month, was revealed as a significant shareholder in Thumzup Media Corporation (TZUP), according to the company's July registration statement for a $50 million offering. Though it remains unclear when exactly he took a stake in the firm. Trump Jr. linked to sudden drop in Thumzup stock Shares of Thumzup Media Corporation (TZUP) dropped nearly 46% Tuesday after the company announced it would buy Dogehash Technologies, Inc., a North American crypto miner that is focused on Dogecoin and Litecoin. In the midday session, the stock had plummeted from $8.28 to $4.60 — one of its steepest single-day declines since going public. The market responded harshly to the deal, which will see Dogehash shareholders receive 30.7 million shares of Thumzup in exchange for their holdings. The combined company, to be called Dogehash Technologies Holdings, Inc., will trade on the Nasdaq under the new ticker symbol XDOG. Dogehash currently operates 2,500 Scrypt ASIC miners, most powered by renewable energy. The company also has plans to expand its output through 2026 and is working on Dogecoin Layer-2 infrastructure and DeFi staking initiatives. CEO Robert Steele said the acquisition 'accelerates our evolution from a digital-marketing platform into a diversified digital-asset infrastructure and treasury company." Trump Jr.'s stake adds political weight to Dogecoin pivot Although Trump Jr. has not publicly commented on the deal, his stake in the company puts a political spotlight on Thumzup's crypto ambitions. With Dogecoin already tied to meme culture and online personalities, the Trump family connection only amplifies the attention — and scrutiny. Thumzup's market value has taken a hit, sliding from around $75 million to nearly half that in less than 24 hours. Still, it trades above its 52-week low of $2.06, though well below its $16.49 peak. Trump Jr.'s crypto stock pick crashes 45% first appeared on TheStreet on Aug 19, 2025 This story was originally reported by TheStreet on Aug 19, 2025, where it first appeared. 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
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3 hours ago
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Can Energy Fuels Deliver on Its Low-Cost Uranium Strategy?
Energy Fuels Inc. UUUU is positioning itself to become one of the lowest-cost uranium producers globally. The company plans to achieve this by beginning to process low-cost ores from its Pinyon Plain mine in the fourth quarter of 2025 through the first quarter of 2025. During this period, it expects to produce 1.1-1.4 million pounds of finished uranium. This is expected to deliver exceptional cost advantages. Average mining and transportation costs to the White Mesa Mill are estimated at $10-$14 per pound of recovered uranium and milling costs at $13-$16 per pound. This will take the total weighted average cost of goods sold between $23 and $30 per pound of uranium recovered, among the lowest in the world. Initially, the high-grade Pinyon Plain ores will be blended and processed with the lower-grade, higher-cost La Sal/Pandora ores through early 2026. After this, Energy Fuels will have the flexibility to process Pinyon Plain ores alone to maximize margins, or continue to blend with other sources. As of June 30, 2025, the company's finished uranium inventories carried a weighted average cost of $53 per pound, reflecting historic production and purchases. With the integration of lower-cost Pinyon Plain output, the cost of goods sold for uranium sales is projected to fall to $50–$55 per pound through late 2025 and decline to $30–$40 per pound in early 2026. This steady reduction in costs, coupled with stable uranium pricing, is expected to significantly enhance Energy Fuels' gross margins, reinforcing its competitive advantage in the North American market. Energy Fuels' gross margin was 3.3% in the second quarter, mainly weighed down by a 52% plunge in revenues on lower uranium sales, even though costs applicable to revenues were down 0.7%. UUUU's gross margin was lower than the industry average of 35.76%. Meanwhile, peer Centrus Energy LEU reported a gross margin of 36% in the second quarter. Cameco Corp.'s CCJ gross margin was 35.51% in the second quarter. UUUU's Price Performance, Valuation & Estimates Energy Fuels shares have gained 101.6% so far this year compared with the industry's 3.2% growth. During this time, the Basic Materials sector has risen 14.8%, while the S&P 500 has gained 9.6%. Cameco and Centrus Energy shares have gained 167% year to date. Image Source: Zacks Investment Research UUUU is trading at a forward 12-month price/sales multiple of 24.93X, a significant premium to the industry's 2.74X. Cameco and Centrus Energy shares are trading at 13.17X and 6.68X, respectively. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Energy Fuels' 2025 loss is pegged at 33 cents per share. The bottom-line estimate for 2026 is pegged at earnings of one cent per share. Here is how the EPS estimates for 2025 and 2026 have been revised over the past 60 days. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cameco Corporation (CCJ) : Free Stock Analysis Report Energy Fuels Inc (UUUU) : Free Stock Analysis Report Centrus Energy Corp. (LEU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
