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Fox News
3 days ago
- Business
- Fox News
Will Levis says losing Titans' starting job to Cam Ward 'sucks,' but he's staying positive
Two years ago, Will Levis found himself falling in the NFL Draft after once being rumored to be a possible No. 2 overall pick. Instead, he was selected in the second round, prompting awkward moments in the draft green room. Today, Levis finds himself out of a starter's job after his Tennessee Titans selected Cam Ward with the first overall pick. It is a less than ideal situation for the third-year quarterback who once thought he would be the future of the franchise. "Anyone who's ever been in my situation would agree that it sucks," Levis said Wednesday, via Main Street Nashville. But the chin stays up, and the mentality stays the same. "I'm just trying to do the best I can to not let it affect me and just being the same dude every day in the building and being there for the guys however I can and just trying to get better every day," Levis said. Despite a new role, Levis plans on treating every day like he has in the last few years. "I haven't been a backup in a while, but I don't plan on shifting my mindset, regardless of what the situation is," he said. "I'm just going to be ready to play quarterback whenever my name is called." Levis showed promise early on, throwing four touchdowns in his NFL debut. But, overall, it's been less than stellar. In 21 games, he has a 5-16 record and has thrown for 3,899 yards and 21 touchdowns against 16 interceptions. He's completed just 61% of his passes. Levis figures to be the favorite to win the backup job against Tim Boyle and Brandon Allen. Follow Fox News Digital's sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.
Washington Post
21-05-2025
- Sport
- Washington Post
Signed, sealed and ready: No. 1 pick Cam Ward signs rookie deal with the Titans
NASHVILLE, Tenn. — The Tennessee Titans have known they wanted Cam Ward with the No. 1 overall draft pick for a long time, and now they have their rookie quarterback signed to his first NFL contract. The Titans announced Wednesday that Ward has signed his deal but did not share financial details. Ward's deal is worth reportedly $48.7 million over four years. That leaves only two of Tennessee's nine draft picks still unsigned ahead of the third phase of offseason, which starts Monday. The 6-foot-2, 219-pound Ward played 57 games over five seasons starting at Incarnate Word in 2020, Washington State in 2022 and then his final year in college last season at Miami. He finished with career 18,184 yards passing and set a Division I record with 158 touchdown passes. Ward was an All-American and Heisman finalist after throwing for 4,313 yards and 39 touchdowns and leading the Hurricanes to their first 10-win season since 2017. The Titans have made clear Ward will have to win the starting job over Will Levis, the 33rd overall pick in 2023. They also have veteran backup quarterbacks Brandon Allen and Tim Boyle. ___ AP NFL:
Associated Press
21-05-2025
- Sport
- Associated Press
Signed, sealed and ready: No. 1 pick Cam Ward signs rookie deal with the Titans
NASHVILLE, Tenn. (AP) — The Tennessee Titans have known they wanted Cam Ward with the No. 1 overall draft pick for a long time, and now they have their rookie quarterback signed to his first NFL contract. The Titans announced Wednesday that Ward has signed his deal but did not share financial details. Ward's deal is worth reportedly $48.7 million over four years. That leaves only two of Tennessee's nine draft picks still unsigned ahead of the third phase of offseason, which starts Monday. The 6-foot-2, 219-pound Ward played 57 games over five seasons starting at Incarnate Word in 2020, Washington State in 2022 and then his final year in college last season at Miami. He finished with career 18,184 yards passing and set a Division I record with 158 touchdown passes. Ward was an All-American and Heisman finalist after throwing for 4,313 yards and 39 touchdowns and leading the Hurricanes to their first 10-win season since 2017. The Titans have made clear Ward will have to win the starting job over Will Levis, the 33rd overall pick in 2023. They also have veteran backup quarterbacks Brandon Allen and Tim Boyle. ___ AP NFL:
Yahoo
16-05-2025
- Business
- Yahoo
COLM Q1 Earnings Call: Solid Q1 Amid Tariff Uncertainty and Cautious U.S. Outlook
Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 1.1% year on year to $778.5 million. The company expects next quarter's revenue to be around $587.5 million, close to analysts' estimates. Its non-GAAP profit of $0.75 per share was 14.2% above analysts' consensus estimates. Is now the time to buy COLM? Find out in our full research report (it's free). Revenue: $778.5 million vs analyst estimates of $756.9 million (1.1% year-on-year growth, 2.9% beat) Adjusted EPS: $0.75 vs analyst estimates of $0.66 (14.2% beat) Adjusted EBITDA: $75.01 million vs analyst estimates of $76.45 million (9.6% margin, 1.9% miss) Revenue Guidance for Q2 CY2025 is $587.5 million at the midpoint, roughly in line with what analysts were expecting Operating Margin: 6%, in line with the same quarter last year Free Cash Flow was -$47.6 million, down from $91.98 million in the same quarter last year Constant Currency Revenue rose 5% year on year (-5% in the same quarter last year) Market Capitalization: $3.68 billion Columbia Sportswear's first quarter results reflected resilient global demand and strategic inventory management, as management emphasized late season strength in winter products and healthy international growth—particularly in the Asia-Pacific and European regions. CEO Tim Boyle pointed to late winter weather and early spring shipments driving wholesale sales, while also highlighting the company's diversified supply chain and strong cash position. Boyle acknowledged persistent softness in U.S. direct-to-consumer channels and ongoing promotional headwinds impacting digital sales, noting, 'Challenging outdoor category trends and consumer uncertainty affected late season demand.' Looking ahead, management withdrew full-year guidance due to heightened uncertainty around U.S. tariffs and their impact on product costs, consumer demand, and retailer behavior. Boyle described the current trade environment as "unprecedented" and cited the lack of clarity in U.S. policy as a key reason for pulling guidance. The company's focus for the remainder of the year is on maximizing marketplace opportunities, containing discretionary spend, and adapting inventory and pricing strategies as the tariff situation evolves. Columbia Sportswear's management attributed the quarter's revenue outperformance to strategic global execution, while also outlining the operational adjustments and risks introduced by new U.S. tariffs. The call focused on supply chain flexibility, international momentum, and planned investments in brand and demand creation. International market growth: Robust sales in Asia-Pacific (particularly China and Japan) and Europe, driven by local product innovation and expanded retail presence, offset softer U.S. trends. Tariff mitigation actions: The company domesticated U.S. inventory ahead of April's tariff increases, accelerated shipments, and plans to further diversify sourcing to mitigate future cost pressures. Boyle stressed, "We have very little direct exposure to tariffs on products from China." Marketing and brand investment: A new global marketing platform is set to launch in August, with increased and more efficient spending aimed at reinforcing Columbia's brand distinctiveness, particularly in an environment where competitors may pare back investments. Cost control and supply chain optimization: Management highlighted ongoing efforts to achieve $150 million in annualized cost reductions across distribution, labor, and discretionary spend, with a goal to restore operating margins to double-digit levels over time. Product innovation and collaborations: New product launches, such as the Omni-MAX Konos Featherweight shoe and collaborations for the PFG fishing line, were cited as drivers of category momentum and consumer engagement, especially in international markets. Looking forward, Columbia Sportswear's outlook is shaped by ongoing tariff-related uncertainty, international market expansion, and a cautious approach to U.S. retail trends. Tariff headwinds and mitigation: Management expects higher U.S. tariffs to increase costs by $40–$45 million in the second half of the year, with much of this impact absorbed rather than passed on to consumers. Strategies under consideration for 2026 include product redesign, repricing, and further supply chain adjustments. International expansion priorities: The company is prioritizing investment in China, Japan, and Europe, leveraging localized product, new store formats, and premium brand positioning to drive growth outside the U.S., where consumer trends remain healthier. Marketing and demand creation: A significant step-up in marketing spend is planned, with a focus on digital and social channels. Management believes this will support brand momentum and help offset competitive pressures, especially as some peers may be constrained by higher costs or supply chain disruptions. Laurent Vasilescu (Exane BNP Paribas): Asked about the stability of the fall order book and market share opportunities from tariff impacts; management confirmed minimal cancellations and highlighted competitive advantages from supply chain diversification. Peter McGoldrick (Stifel): Inquired about market share gains and demand creation plans; CEO Boyle cited opportunities from competitors' China exposure and detailed increased, more efficient marketing investments starting in August. Krista Zuber (TD Cowen): Probed cost-saving initiatives and China market progress; CFO Jim Swanson explained ongoing operational savings and outlined growth potential from localized product and retail expansion in China. Mitch Kummetz (Seaport Global): Questioned U.S. retail partner behavior and inventory strategy; management discussed cautious inventory buys, leveraging outlet channels, and the ability to shift product globally to optimize margin. Paul Kearney (Barclays): Sought clarity on inventory rationalization and pricing decisions, especially as competitors may raise prices; management reiterated its conservative approach and focus on taking share from private label and smaller brands reliant on China. In the coming quarters, our analysts will be watching (1) the pace and effectiveness of Columbia's tariff mitigation actions, including supply chain adjustments and vendor negotiations; (2) signs of sustained international sales growth, particularly in China and Japan, where localized strategies are ramping; and (3) the impact of increased marketing investments on both brand engagement and sell-through in key product categories. The evolution of U.S. trade policy and any further cost or pricing actions will also be closely monitored. Columbia Sportswear currently trades at a forward P/E ratio of 18.9×. At this valuation, is it a buy or sell post earnings? See for yourself in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
07-05-2025
- Business
- Yahoo
Columbia Sportswear withdraws 2025 forecast despite positive Q1
In Q1 Columbia Sportswear's net sales climbed by 1% to $778.45m from $769.98m in the same period the previous year. This growth was attributed to an uptick in wholesale net sales, spurred by an increase in orders for the Spring '25 collection. The sales upturn was predominantly propelled by performance in the Latin America, Asia Pacific (LAAP), and Europe, Middle East and Africa (EMEA) markets. However, this was somewhat counterbalanced by a downturn in the Canadian and US markets, notes the company. Columbia Sportswear chairman, president and CEO Tim Boyle stated: 'I'm encouraged by our first quarter results, with net sales and earnings exceeding our guidance range. We generated healthy growth in nearly all our international markets, including double-digit percent growth in the LAAP region and high-single-digit percent constant currency growth in the EMEA region.' Columbia Sportswear key metrics for Q1 FY25 In Q1 FY25, Columbia Sportswear's net income remained relatively unchanged at $42.25m or $0.75 per diluted share. Operating income saw a 4% increase to $46.51m compared to $44.68m in Q1 FY24, representing 5.8% of net sales at that time. Gross profit of the company ascended to $396.06m in Q1 FY25 from $389.56m in Q1 FY24 and gross margin widened by 30 basis points to 50.9% of net sales from 50.6% for the corresponding period in 2024. This margin expansion is credited to a combination of factors including reduced outbound shipping expenses, improved closeout margins, and favourable costs for spring 2025 products inputs; these were partially negated by less advantageous FX hedging rates. Selling, general, and administrative (SG&A) expenses increased slightly to $354.47m or 45.5% of net sales from $349.27m or 45.4% of net sales for the same period in the prior year. Notable changes within SG&A were heightened direct-to-consumer (DTC) and demand creation expenses which were offset by decreased supply chain costs. Inventories experienced a 3% increase to $623.7m in Q1 FY25. Columbia Sportwear's outlook During the earnings call, Boyle said: 'Given the heightened uncertainty regarding tariff rates and the impact this will have on product costs and consumer demand, we are withdrawing our full year 2025 outlook.' He outlined the company's strategy for the remainder of the year. Before the tariff increases, the company was positioned to meet its full-year financial goals. For the second quarter, Columbia expects net sales to increase between 1% and 5% compared to the previous year, aligning with the net sales forecast for the first half that was shared in February, he noted.
