FL Q1 Loss Meets Estimates, Comparable Sales Decline 2.6% Y/Y
Foot Locker, Inc. price-consensus-eps-surprise-chart | Foot Locker, Inc. Quote
The athletic shoes and apparel retailer posted an adjusted loss of seven cents per share. The figure significantly decreased from adjusted earnings of 22 cents in the prior-year quarter. (Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.)Total revenues of $1,788 million decreased 4.6% from the year-ago period. Excluding the impacts of foreign-currency fluctuations, total revenues decreased 4.5%. Revenues missed the Zacks Consensus Estimate of $1,826 million. Comparable sales declined 2.6% year over year, including a 0.5% decrease in the North American region. In the company's international operations, comparable sales dropped 8.5%, primarily due to weakness in Foot Locker Europe.
Gross profit was $514 million, down 5.5% year over year. FL's gross margin rate increased 40 basis points (bps) year over year to 28.7%. Merchandise margins fell 10 bps, while occupancy costs, as a percentage of sales, rose 30 bps year over year. We expected the gross margin to be 28.3% in the quarter under review.Selling, general and administrative (SG&A) costs declined 0.7% year over year to $458 million. This metric, as a percentage of sales, deleveraged 100 basis points compared with the prior-year period, due to the impact of lower sales and investments in technology that outweighed the benefits of the cost optimization program and continued expense discipline. We anticipated SG&A expenses, as a percentage of sales, to deleverage 90 bps.
In the first quarter, the company opened nine new stores and closed 56 stores, including locations in South Korea, Denmark, Norway, Sweden, Greece and Romania. FL also remodeled or relocated 11 stores and updated 69 stores to reflect its revised design standards, which feature key elements of the current brand guidelines.As of May 3, 2025, the company operated 2,363 stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. Additionally, 236 licensed stores were operating in the Middle East, Europe and Asia. These licensed operations include the Greece and Romania businesses, which were sold to the company's license partner in April 2025.As announced on May 15, 2025, Foot Locker and DICK'S Sporting Goods have finalized a definitive merger agreement, under which DKS will acquire Foot Locker.
FL Stock Past Three-Month Performance
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This Zacks Rank #4 (Sell) company ended the fiscal first quarter with cash and cash equivalents of $343 million. Long-term debt and obligations under finance leases amounted to $440 million. Shareholders' equity totaled $2.61 billion. As of May 3, 2025, merchandise inventories were $1.67 billion, up 0.4% from the year-earlier quarter.Over the past three months, FL shares have gained 33.7% compared with the industry's 4.9% growth.
Some better-ranked stocks are Urban Outfitters Inc. URBN, Genesco Inc. GCO and Allbirds Inc. BIRD.Urban Outfitters is a lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home decor and gift products. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for URBN's fiscal 2025 earnings and sales implies growth of 20.9% and 8%, respectively, from the year-ago actuals. URBN delivered a trailing four-quarter average earnings surprise of 29%.Genesco is a Nashville-based specialty retail and branded company that sells footwear and accessories in retail stores. It currently has a Zacks Rank #2 (Buy).The Zacks Consensus Estimate for GCO's fiscal 2025 earnings and sales implies growth of 62.8% and 0.6%, respectively, from the year-ago actuals. Genesco delivered a trailing four-quarter average earnings surprise of 37.2%.Allbirds is a lifestyle brand that uses naturally derived materials to make footwear and apparel products. It carries a Zacks Rank of 2 at present.The Zacks Consensus Estimate for BIRD's current financial-year's earnings implies growth of 16.1% from the year-ago actual. The company delivered a trailing four-quarter average earnings surprise of 21.3%.
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- Business Wire
Strategic Storage Trust VI, Inc. Reports Second Quarter 2025 Results
LADERA RANCH, Calif.--(BUSINESS WIRE)--Strategic Storage Trust VI, Inc. ('SST VI'), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA), announced operating results for the three and six months ended June 30, 2025. "Q2 was another strong quarter of performance, underscoring the resilience of our business model and the continued demand for high-quality self-storage solutions," commented H. Michael Schwartz, President and CEO of Strategic Storage Trust VI, Inc. "We achieved second quarter revenue growth of 9.6%, driven by strategic pricing initiatives and sustained occupancy levels across our portfolio. Year-to-date, our revenue has grown 10.3%, reflecting the strength of our operational execution and customer engagement in leasing up our non-stabilized properties. Our focus on operational efficiency also delivered solid results, with same-store NOI increasing 9.6% for the quarter and 11.5% year-to-date. These gains demonstrate our team's commitment to driving value and optimizing asset performance. As we look ahead, we remain confident in our ability to deliver consistent growth and long-term value for our shareholders." Key Highlights for the Three Months Ended June 30, 2025: Total revenues were approximately $7.7 million, an increase of approximately $0.7 million when compared to the same period in 2024. Increased same-store revenues and NOI by 5.1% and 9.6%, respectively, for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. Decreased same-store average physical occupancy by approximately 0.7% to 92.2% as of June 30, 2025 from 92.9% as of June 30, 2024. Increased same-store annualized rent per occupied square foot by approximately 4.3% to $17.38 for the three months ended June 30, 2025 from $16.67 for the three months ended June 30, 2024. Key Highlights for the Six Months Ended June 30, 2025: Total revenues were approximately $15.0 million, an increase of approximately $1.4 million when compared to the same period in 2024. Increased same-store revenues and NOI by 5.9% and 11.5%, respectively, for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. Decreased same-store average physical occupancy by approximately 0.7% to 92.2% as of June 30, 2025 from 92.9% as of June 30, 2024. Increased same-store annualized rent per occupied square foot by approximately 4.0% to $17.20 for the six months ended June 30, 2025 from $16.54 for the six months ended June 30, 2024. Opening of three joint venture development properties: On April 16, 2025, SST VI announced the opening of an operating unconsolidated real estate venture located in York, Toronto. The property offers approximately 121,500 net rentable square feet of climate-controlled storage space, encompassing approximately 1,500 units. On June 2, 2025, SST VI announced the opening of an operating unconsolidated real estate venture location in the Greater Montreal Area. The property, which is located in Dorval, Quebec, a suburb of Montreal, offers approximately 112,000 net rentable square feet of climate-controlled storage space, encompassing approximately 1,250 units. On June 3, 2025, SST VI announced the opening of an operating unconsolidated real estate venture location in North York, Toronto. The property offers approximately 98,500 net rentable square feet of climate-controlled storage space, encompassing approximately 1,200 units. Declared Distributions: On June 27, 2025, our board of directors declared a daily distribution rate of approximately $0.001698 per day per share on the outstanding shares of common stock payable to Class A, Class T, Class W, Class P, Class Y and Class Z stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on July 1, 2025 and ending September 30, 2025. In connection with this distribution, stockholders who hold Class T and Class Y shares, will be paid an amount equal to approximately $0.001698 per day less the stockholder servicing fee payable per share per day. Such distributions payable to each stockholder of record during a month will be paid the following month. Suspension of Share Redemption Program: On August 6, 2025, our board of directors approved the suspension of our share redemption program for stockholders who purchased Class P shares in the private offering and our share redemption program for stockholders who purchased Class A, Class T, Class W, Class Y and Class Z shares in the public offering (collectively, the 'Share Redemption Program') effective September 6, 2025, except with respect to redemption requests made in connection with the death, commitment to a long-term care facility, qualifying disability or bankruptcy of a stockholder. Accordingly, all pending redemption requests in the third quarter or subsequent thereto that were not made in connection with the death, commitment to a long-term care facility, qualifying disability or bankruptcy of a stockholder will be not be redeemed. The Share Redemption Program shall remain suspended as discussed above until such time, if any, as our board of directors may determine. About Strategic Storage Trust VI, Inc. (SST VI): SST VI is a public non-traded REIT that elected to qualify as a REIT for federal income tax purposes. SST VI's primary investment strategy is to invest in income-producing and growth self-storage facilities and related self-storage real estate investments in the United States and Canada. As of August 14, 2025, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 9,015 units and 1,079,395 rentable square feet (including parking); 11 properties with approximately 10,205 units and 1,067,715 rentable square feet (including parking) in Canada, joint venture interests in four operational and one development property in two Canadian provinces (Ontario and Québec) and one wholly owned development property in Ontario. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE:SMA), is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of August 14, 2025, SmartStop has an owned or managed portfolio of 230 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 167,200 units and 18.7 million rentable square feet. SmartStop and its affiliates own or manage 44 operating self-storage properties in Canada, which total approximately 39,000 units and 3.9 million rentable square feet. Additional information regarding SmartStop is available at June 30, 2025 (Unaudited) December 31, 2024 ASSETS Real estate facilities: Land $ 113,089,669 $ 109,097,324 Buildings 386,244,539 375,539,122 Site improvements 14,005,509 13,655,534 513,339,717 498,291,980 Accumulated depreciation (34,668,838 ) (27,645,170 ) 478,670,879 470,646,810 Construction in process 15,192,125 9,144,864 Real estate facilities, net 493,863,004 479,791,674 Cash and cash equivalents 14,392,668 10,827,415 Restricted cash 1,777,999 6,738,149 Investments in unconsolidated real estate ventures 21,191,293 18,207,135 Other assets, net 8,464,984 13,564,907 Total assets $ 539,689,948 $ 529,129,280 LIABILITIES, TEMPORARY EQUITY AND EQUITY Debt, net $ 288,182,694 $ 274,056,356 Accounts payable and accrued liabilities 14,354,968 13,433,815 Distributions payable 4,433,422 4,409,505 Due to affiliates 18,899,515 13,877,191 Total liabilities 325,870,599 305,776,867 Commitments and contingencies Redeemable common stock 10,212,876 10,279,772 Series B Convertible Preferred Stock, $0.001 par value; 150,000 shares authorized; 150,000 issued and outstanding at June 30, 2025 and December 31, 2024, with aggregate liquidation preferences of $153,122,671 and $153,148,361 at June 30, 2025 and December 31, 2024, respectively 148,599,723 148,599,723 Equity: Strategic Storage Trust VI, Inc.: Preferred Stock, $0.001 par value; 200,000,000 shares authorized; none issued and outstanding at June 30, 2025 and December 31, 2024 — — Class P Common stock, $0.001 par value; 30,000,000 shares authorized; 11,439,366 and 11,280,098 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 11,439 11,280 Class A Common stock, $0.001 par value; 230,000,000 shares authorized; 3,424,865 and 3,383,583 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 3,425 3,384 Class T Common stock, $0.001 par value; 100,000,000 shares authorized; 5,415,942 and 5,373,889 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 5,416 5,374 Class W Common stock, $0.001 par value; 70,000,000 shares authorized; 714,861 and 704,761 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 715 705 Class Y Common stock, $0.001 par value; 200,000,000 shares authorized; 5,358,472 and 4,049,909 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 5,358 4,050 Class Z Common stock, $0.001 par value; 70,000,000 shares authorized; 571,194 and 346,393 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 571 346 Additional paid-in capital 222,039,298 207,773,199 Distributions (39,658,319 ) (32,142,866 ) Accumulated deficit (127,679,168 ) (111,392,263 ) Accumulated other comprehensive loss (4,552,685 ) (4,432,786 ) Total Strategic Storage Trust VI, Inc. equity 50,176,050 59,830,423 Noncontrolling interests in our Operating Partnership (159,716 ) 225,081 Noncontrolling Series C Subordinated Units in our Operating Partnership 4,990,416 4,417,414 Total noncontrolling interest 4,830,700 4,642,495 Total equity 55,006,750 64,472,918 Total liabilities, temporary equity and equity $ 539,689,948 $ 529,129,280 Expand STRATEGIC STORAGE TRUST VI, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenues: Self storage rental revenue $ 7,612,852 $ 6,946,834 $ 14,916,493 $ 13,524,421 Ancillary operating revenue 57,788 49,554 103,505 88,878 Total revenues 7,670,640 6,996,388 15,019,998 13,613,299 Operating expenses: Property operating expenses 2,831,451 2,765,425 5,770,531 5,694,139 Property operating expenses – affiliates 1,331,452 1,287,048 2,571,719 2,567,643 General and administrative 1,678,129 1,593,060 3,381,937 3,147,798 Depreciation 3,280,079 3,172,390 6,398,481 6,347,622 Intangible amortization expense — 838,548 — 1,878,146 Acquisition expense – affiliates 104,656 135,630 212,532 314,053 Other property acquisition expenses 43,058 49,801 57,078 103,842 Total operating expenses 9,268,825 9,841,902 18,392,278 20,053,243 Operating loss (1,598,185 ) (2,845,514 ) (3,372,280 ) (6,439,944 ) Other income (expense): Interest expense (4,176,197 ) (4,532,579 ) (8,283,492 ) (9,242,874 ) Interest expense – debt issuance costs (180,518 ) (277,667 ) (668,915 ) (553,925 ) Derivative fair value adjustment - 147,357 (531,449 ) 1,763,673 Other income (expense) (9,829 ) 157,331 69,183 345,149 Equity in loss of unconsolidated real estate ventures (385,074 ) — (607,602 ) — Foreign currency adjustment 3,304,699 (1,151,535 ) 3,108,763 (3,357,638 ) Net loss (3,045,104 ) (8,502,607 ) (10,285,792 ) (17,485,559 ) Less: Distributions to preferred stockholders (3,122,671 ) (3,085,113 ) (6,211,027 ) (6,251,155 ) Net loss attributable to the noncontrolling interests in our Operating Partnership 60,396 202,777 213,131 428,150 Net loss attributable to Strategic Storage Trust VI, Inc. common stockholders $ (6,107,379 ) $ (11,384,943 ) $ (16,283,688 ) $ (23,308,564 ) Net loss per Class P share—basic and diluted $ (0.23 ) $ (0.50 ) $ (0.63 ) $ (1.06 ) Net loss per Class A share—basic and diluted $ (0.23 ) $ (0.50 ) $ (0.63 ) $ (1.06 ) Net loss per Class T share—basic and diluted $ (0.23 ) $ (0.50 ) $ (0.63 ) $ (1.06 ) Net loss per Class W share—basic and diluted $ (0.23 ) $ (0.50 ) $ (0.63 ) $ (1.06 ) Net loss per Class Y share—basic and diluted $ (0.23 ) $ (0.50 ) $ (0.63 ) $ (1.06 ) Net loss per Class Z share—basic and diluted $ (0.23 ) $ (0.50 ) $ (0.63 ) $ (1.06 ) Weighted average Class P shares outstanding—basic and diluted 11,409,948 11,163,181 11,385,103 11,150,159 Weighted average Class A shares outstanding—basic and diluted 3,409,389 3,369,755 3,399,741 3,360,831 Weighted average Class T shares outstanding—basic and diluted 5,405,833 5,322,378 5,396,180 5,291,281 Weighted average Class W shares outstanding—basic and diluted 712,450 695,344 709,961 687,983 Weighted average Class Y shares outstanding—basic and diluted 5,068,605 1,872,410 4,721,402 1,406,340 Weighted average Class Z shares outstanding—basic and diluted 480,721 143,445 424,038 114,803 Expand STRATEGIC STORAGE TRUST VI, INC. AND SUBSIDIARIES COMPUTATION OF SAME-STORE OPERATING RESULTS (UNAUDITED) Same-Store Facility Results – three months ended June 30, 2025 and 2024 The following table sets forth operating data for our same-store facilities (stabilized and comparable properties that have been included in the consolidated results of operations since January 1, 2024) for the three months ended June 30, 2025 and 2024. We consider the following data to be meaningful as this allows for the comparison of results without the effects of acquisition, lease up, or development activity. Same-Store Facilities Non Same-Store Facilities Total 2025 2024 % Change 2025 2024 % Change 2025 2024 % Change Revenues (1) $ 3,543,957 $ 3,372,625 5.1 % $ 4,126,683 $ 3,623,763 N/M $ 7,670,640 $ 6,996,388 9.6 % Property operating expenses (2) 1,409,158 1,424,364 (1.1 )% 1,893,139 1,756,219 N/M 3,302,297 3,180,583 3.8 % Net operating income $ 2,134,799 $ 1,948,261 9.6 % $ 2,233,544 $ 1,867,544 N/M $ 4,368,343 $ 3,815,805 14.5 % Number of Facilities 12 12 12 12 24 24 Rentable square feet (3) 892,610 892,665 1,254,500 1,204,615 2,147,110 2,097,280 Average physical occupancy (4) 92.2 % 92.9 % -0.7 % 88.7 % 83.4 % N/M 90.2 % 87.5 % 2.7 % Annualized rent per occupied square foot (5) $ 17.38 $ 16.67 4.3 % N/M N/M N/M $ 16.76 $ 16.31 Expand N/M Not meaningful (1) Revenue includes rental revenue, ancillary revenue, administrative and late fees. (2) Property operating expenses excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization expense and acquisition expenses, but includes property management fees. (3) Of the total rentable square feet, parking represented approximately 199,780 and 247,900 square feet as of June 30, 2025 and 2024, respectively. On a same-store basis, for the same periods, parking represented approximately 43,000 square feet. (4) Determined by dividing the sum of the month-end occupied square feet for the applicable group of facilities for each applicable period by the sum of their month-end rentable square feet for the period. (5) Determined by dividing the aggregate realized rental income for each applicable period by the aggregate of the month-end occupied square feet for the period. Properties are included in the respective calculations in their first full month of operations, as appropriate. We have excluded the realized rental revenue and occupied square feet related to parking herein for the purpose of calculating annualized rent per occupied square foot. Expand Our increase in same-store revenue of approximately $0.2 million was primarily the result of decreased average physical occupancy of approximately 0.7% and an increase in revenue per occupied square foot of approximately 4.3% for the three months ended June 30, 2025 over the three months ended June 30, 2024. Our same-store property operating expenses decreased by approximately $15,000 or 1.1% for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. Net Operating Income ('NOI') NOI is a non-GAAP measure that SST VI defines as net income (loss), computed in accordance with GAAP, generated from properties, before corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, acquisition expenses and other non-property related expenses. SST VI believes that NOI is useful for investors as it provides a measure of the operating performance of its operating assets because NOI excludes certain items that are not associated with the ongoing operation of the properties. Additionally, SST VI believes that NOI is a widely accepted measure of comparative operating performance in the real estate community. However, SST VI's use of the term NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing this amount. The following table presents a reconciliation of net loss as presented on our consolidated statements of operations to NOI, as stated above, for the periods indicated: (1) Asset management fees are included in Property operating expenses – affiliates in the consolidated statements of operations. (2) Includes amortization of Advisor contract of approximately $0.3 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively. Expand Same-Store Facility Results – six months ended June 30, 2025 and 2024 The following table sets forth operating data for our same-store facilities (stabilized and comparable properties that have been included in the consolidated results of operations since January 1, 2024) for the six months ended June 30, 2025 and 2024. We consider the following data to be meaningful as this allows for the comparison of results without the effects of acquisition, lease up, or development activity. Same-Store Facilities Non Same-Store Facilities Total 2025 2024 % Change 2025 2024 % Change 2025 2024 % Change Revenues (1) $ 7,010,595 $ 6,618,986 5.9 % $ 8,009,403 $ 6,994,313 N/M $ 15,019,998 $ 13,613,299 10.3 % Property operating expenses (2) 2,834,775 2,874,382 (1.4 )% 3,852,034 3,627,421 N/M 6,686,809 6,501,803 2.8 % Net operating income $ 4,175,820 $ 3,744,604 11.5 % $ 4,157,369 $ 3,366,892 N/M $ 8,333,189 $ 7,111,496 17.2 % Number of Facilities 12 12 12 12 24 24 Rentable square feet (3) 892,610 892,665 1,254,500 1,204,615 2,147,110 2,097,280 Average physical occupancy (4) 92.2 % 92.9 % -0.7 % 88.7 % 83.4 % N/M 90.2 % 87.5 % 2.7 % Annualized rent per occupied square foot (5) $ 17.20 $ 16.54 4.0 % N/M N/M N/M $ 16.52 $ 16.12 Expand N/M Not meaningful (1) Revenue includes rental revenue, ancillary revenue, administrative and late fees. (2) Property operating expenses excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization expense and acquisition expenses, but includes property management fees. (3) Of the total rentable square feet, parking represented approximately 199,780 and 247,900 square feet as of June 30, 2025 and 2024, respectively. On a same-store basis, for the same periods, parking represented approximately 43,000 square feet. (4) Determined by dividing the sum of the month-end occupied square feet for the applicable group of facilities for each applicable period by the sum of their month-end rentable square feet for the period. (5) Determined by dividing the aggregate realized rental income for each applicable period by the aggregate of the month-end occupied square feet for the period. Properties are included in the respective calculations in their first full month of operations, as appropriate. We have excluded the realized rental revenue and occupied square feet related to parking herein for the purpose of calculating annualized rent per occupied square foot. Expand Our increase in same-store revenue of approximately $0.4 million was primarily the result of decreased average physical occupancy of approximately 0.7% and an increase in revenue per occupied square foot of approximately 4.0% for the six months ended June 30, 2025 over the six months ended June 30, 2024. Our same-store property operating expenses decreased by approximately $40,000 or 1.4% for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The following table presents a reconciliation of net loss as presented on our consolidated statements of operations to NOI, as stated above, for the periods indicated: (1) Asset management fees are included in Property operating expenses – affiliates in the consolidated statements of operations. (2) Includes amortization of Advisor contract of approximately $0.5 million and $0.4 million for the six months ended June 30, 2025 and 2024, respectively. Expand Forward-Looking Statements Certain of the matters discussed in this earnings release, other than historical facts, constitute forward-looking statements within the meaning of the federal securities laws, and we intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in such federal securities laws. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as 'may,' 'will,' 'expect,' 'intend,' 'anticipate,' 'estimate,' 'believe,' 'continue,' or other similar words, or the negative of such terms or other comparable terminology, or by discussions of strategy. We may also make additional forward-looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by us or on our behalf, are also expressly qualified by these cautionary statements. Such statements include, but are not limited to statements concerning our plans, strategies, initiatives, prospects, objectives, goals, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. Such statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those projected or anticipated, including, without limitation: disruptions in the economy, including debt and banking markets and foreign currency, including changes in the Canadian Dollar ("CAD")/U.S. Dollar ("USD") exchange rate; significant transaction costs, including financing costs, and unknown liabilities; whether we will be successful in the pursuit of our business plan and investment objectives; changes in the political and economic climate, economic conditions and fiscal imbalances in the United States, and other major developments, including tariffs, wars, natural disasters, epidemics and pandemics, military actions, and terrorist attacks; changes in tax and other laws and regulations, including tenant protection programs and other aspects of our business; difficulties in our ability to attract and retain qualified personnel and management; the effect of competition at our self-storage properties or from other storage alternatives, which could cause rents and occupancy rates to decline; failure to close on pending or future acquisitions on favorable terms or at all; our reliance on information technologies, which are vulnerable to, among other things, attack from computer viruses and malware, hacking, cyberattacks and other unauthorized access or misuse; increases in interest rates; and failure to maintain our REIT status. All forward-looking statements, including without limitation, management's examination of historical operating trends and estimates of future earnings, are based upon our current expectations and various assumptions. Our expectations, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them, but there can be no assurance that management's expectations, beliefs and projections will result or be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this report is filed with the Securities and Exchange Commission (the 'SEC') and are not intended to be a guarantee of our performance in future periods. We cannot guarantee the accuracy of any such forward-looking statements contained in this earnings release, and we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information regarding risks and uncertainties associated with our business, and important factors that could cause our actual results to vary materially from those expressed or implied in such forward-looking statements, please refer to the factors listed and described under 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and the 'Risk Factors' sections of the documents we file from time to time with the SEC, including, but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2024, as supplemented by the risk factors included in Part II, Item 1A of our Form 10-Qs, copies of which may be obtained from our website at
Business Wire
2 hours ago
- Business Wire
Your Poker Crew Just Got Bigger: Zynga Poker Launches on Steam
SAN MATEO, Calif.--(BUSINESS WIRE)-- Zynga Inc., a wholly-owned publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) and a global leader in interactive entertainment, today announced that Zynga Poker, one of the largest and longest-running, free-to-play poker games, is now available to play on Steam with full crossplay functionality. Launched in 2007 as Zynga's first-ever game, the legendary title is raising the stakes as the label's first game to launch on Steam. With one account, players can now move freely between mobile (iOS and Android), web browsers at and now PC via Steam. For almost 18 years, Zynga Poker has been the go-to destination for millions of poker fans around the world, no matter the platform – from Facebook to mobile and now to Steam. Zynga Poker lets anyone jump in and play, delivering action-packed gameplay that brings an authentic experience straight to your screen. On Steam, the game showcases the same high-stakes energy and fresh features players know and love, including rotating poker modes and Multi-Table Tournaments. Existing players can pick up right where they left off, with collections, events, and friends carrying over for seamless cross-platform support. Watch Launch Trailer Here. 'Since day one, Zynga's mission has been to connect the world through games, and with Zynga Poker, it's always been about delivering the best Texas Hold'Em experience possible to players, whenever and wherever they're playing,' said Yaron Leyvand, Executive Vice President, Mobile Games, Zynga. 'Bringing Zynga Poker to Steam gives our audience a chance to play, compete, and connect on the largest PC platform. This milestone reflects our awesome community that's kept the virtual tables full for nearly two decades.' First-time players logging in via Steam will be rewarded up to 26,000,000 in-game chips, giving poker fans a solid stack to try their hand on the new platform. Challenge your Steam friends, keep your poker action all in one place, and experience the same trusted gameplay. Join in on the action and download Zynga Poker on Steam now! To find supporting assets, click here. Zynga is a wholly-owned publishing label of Take-Two Interactive Software, Inc. About Zynga, Inc. Zynga is a global leader in interactive entertainment with a mission to connect the world through games and a wholly-owned subsidiary of Take-Two Interactive Software, Inc. (NASDAQ: TTWO). With massive global reach in more than 175 countries and regions, the combined diverse portfolio of popular game franchises has been downloaded more than 10 billion times on mobile, including CSR Racing™, Dragon City, Empires & Puzzles™, FarmVille™, Game of Thrones: Legends, Golf Rival™, Hair Challenge™, Harry Potter: Puzzles & Spells™, High Heels!™, Match Factory, Merge Dragons!™, Merge Magic!™, Monster Legends, Screw Jam, Seat Away, Toon Blast™, Top Eleven, Toy Blast™, Two Dot s, Words With Friends™, and Zynga Poker™. Founded in 2007, Zynga is headquartered in California with locations in North America, Europe, and Asia. For more information, visit or follow Zynga on X, Instagram, Facebook, or the Zynga blog About Take-Two Interactive Software Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe. We develop and publish products principally through Rockstar Games, 2K, and Zynga. Our strategy is to create hit entertainment experiences, delivered on every platform relevant to our audience through a variety of sound business models. Our pillars - creativity, innovation, and efficiency - guide us as we strive to create the highest quality, most captivating experiences for our consumers. The Company's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at All trademarks and copyrights contained herein are the property of their respective holders. Cautionary Note Regarding Forward-Looking Statements The statements contained herein, which are not historical facts, including statements relating to Take-Two Interactive Software, Inc.'s ("Take-Two," the "Company," "we," "us," or similar pronouns) outlook, are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "should," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for our future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including risks relating to the timely release and significant market acceptance of our games; the risks of conducting business internationally, including as a result of unforeseen geopolitical events; the impact of changes in interest rates by the Federal Reserve and other central banks, including on our short-term investment portfolio; the impact of inflation; volatility in foreign currency exchange rates; our dependence on key management and product development personnel; our dependence on our NBA 2K and Grand Theft Auto products and our ability to develop other hit titles; our ability to leverage opportunities on PlayStation®5 and Xbox Series X|S; factors affecting our mobile business, such as player acquisition costs; and the ability to maintain acceptable pricing levels on our games. Other important factors and information are contained in the Company's most recent Annual Report on Form 10-K, including the risks summarized in the section entitled "Risk Factors," the Company's most recent Quarterly Report on Form 10-Q, and the Company's other periodic filings with the SEC, which can be accessed at All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Business Wire
2 hours ago
- Business Wire
Ulta Beauty to Report Second Quarter Fiscal 2025 Results on August 28, 2025
BOLINGBROOK, Ill.--(BUSINESS WIRE)--Ulta Beauty, Inc. (NASDAQ: ULTA) today announced that its financial results for the second quarter of fiscal year 2025 will be released Thursday, August 28, 2025, after the market closes. The Company will host a webcast and conference call at 4:30 p.m. ET / 3:30 p.m. CT to discuss the financial results. Information about Ulta Beauty's financial results, including a link to the live webcast, will be available on the Company's Investor Relations website at There will also be an archived webcast available for a limited time thereafter. Please register for the live event at About Ulta Beauty Ulta Beauty (NASDAQ: ULTA) is the largest specialty beauty retailer in the U.S. and a leading destination for cosmetics, fragrance, skincare, haircare, wellness and salon services. Since opening its first store in 1990, Ulta Beauty has grown to approximately 1,500 stores across the U.S. and redefined beauty retail by bringing together All Things Beauty. All in One Place®. With an expansive product assortment, professional salon services and its beloved Ulta Beauty Rewards loyalty program, the company delivers seamless, personalized experiences across stores, and the Ulta Beauty App – where the possibilities are truly beautiful. Ulta Beauty is also expanding its presence internationally through a joint venture in Mexico, a franchise in the Middle East, and its subsidiary, Space NK, a luxury beauty retailer operating in the U.K. and Ireland. For more information, visit
