Sign in

    Ike Boruchow • Wells Fargo

    Ike Boruchow's questions to Tapestry Inc (TPR) leadership

    Ike Boruchow's questions to Tapestry Inc (TPR) leadership • Q4 2025

    Question

    Ike Boruchow inquired about the data supporting confidence in lapping strong prior-year comparisons, particularly regarding new customer growth, and asked how the increased tariff headwind (from $90M to $160M) affects the company's ability to maintain margins.

    Answer

    CEO Joanne Crevoiserat explained that strong acquisition of younger customers with higher retention rates is building a durable growth foundation. Coach CEO Todd Kahn added that product newness drives frequent return visits. CFO & COO Scott Roe stated that while the tariff impact is significant and recent, the company's operating margins are still guided to expand, and they have confidence in fully offsetting the impact over time without sacrificing business momentum.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to RealReal Inc (REAL) leadership

    Ike Boruchow's questions to RealReal Inc (REAL) leadership • Q2 2025

    Question

    Ike Boruchow of Wells Fargo inquired about the drivers behind The RealReal's strong Q2 revenue beat and impressive guidance, asking for details on recent business cadence. He also asked about the margin profile, specifically if the take rate will continue to decline due to a mix shift towards higher-value items.

    Answer

    President and CEO Rati Sahi Levesque confirmed that the momentum from a 'breakout' Q2 is continuing into Q3, driven by double-digit new seller growth and successful growth playbook reinvestments. CFO Ajay Gopal explained that while the take rate declines with higher average order values (AOV), this brings in higher gross profit dollars. He noted the anchor is the strong consignment gross margin (89.3%) and expects total gross margin to remain in the 74% to 75% range.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to Kontoor Brands Inc (KTB) leadership

    Ike Boruchow's questions to Kontoor Brands Inc (KTB) leadership • Q2 2025

    Question

    Ike Boruchow of Wells Fargo inquired about the specific EBIT contribution and annualized revenue and EBIT run-rate for the newly acquired Helly Hansen brand. He also asked for an initial outlook on fiscal 2026, focusing on growth sustainability, the impact of Helly Hansen on corporate margins, and overall operating margin trajectory.

    Answer

    EVP, CFO & Global Head of Operations, Joe Alkire, clarified that Helly Hansen's annualized revenue is approximately $680 million with around $50 million in operating income, noting this has evolved with tariff impacts. For the second half, Helly is expected to contribute about $425 million in revenue and $0.32 of EPS accretion. For 2026, Alkire provided a framework expecting organic growth from Wrangler, a transition year for Lee, and scaling benefits from Project Genius to help offset tariff headwinds, while reiterating the goal to double Helly's operating margins over time.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to Capri Holdings Ltd (CPRI) leadership

    Ike Boruchow's questions to Capri Holdings Ltd (CPRI) leadership • Q1 2026

    Question

    Ike Boruchow of Wells Fargo & Company asked if the current guidance includes any quarterly growth for Michael Kors this year and which channel is expected to inflect first. He also requested an update on the balance sheet outlook following the Versace sale.

    Answer

    Chairman & CEO John Idol clarified that no year-over-year growth is baked into the guidance for any channel yet, but the full-price retail channel is getting close and is expected to be the first to turn positive. Interim CFO Rajal Mehta confirmed that proceeds from the Versace sale will be used to substantially reduce debt, leaving a strong balance sheet with minimal debt. The company will then re-evaluate a share repurchase program.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to Canada Goose Holdings Inc (GOOS) leadership

    Ike Boruchow's questions to Canada Goose Holdings Inc (GOOS) leadership • Q1 2026

    Question

    Ike Boruchow of Wells Fargo questioned the sustainability of the strong DTC momentum into the key winter season and asked if the wholesale business could return to growth given its healthy order book.

    Answer

    Management expressed confidence in the sustainability of DTC momentum, attributing it to controllable factors like product, marketing, and execution. CFO Neil Bowden noted continued strength, with softness confined to the UK and Japan. Regarding wholesale, CEO Dani Reiss and President of Brand & Commercial Carrie Baker stated that while they are prudently not planning for growth this year, they see no fundamental reason it cannot grow and expect it to be a strong channel long-term.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to Canada Goose Holdings Inc (GOOS) leadership • Q1 2025

    Question

    An analyst on behalf of Ike Boruchow asked about the full-year plan for the wholesale channel and its growth trajectory beyond the current fiscal year.

    Answer

    President Carrie Baker explained the strategy is to elevate the wholesale channel by optimizing partners, tightening inventory, and improving brand presentation, noting positive partner feedback. She confirmed the full-year wholesale revenue is expected to decline by approximately 20%, attributing the significant Q1 drop to timing. The long-term outlook was not detailed.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to Bath & Body Works Inc (BBWI) leadership

    Ike Boruchow's questions to Bath & Body Works Inc (BBWI) leadership • Q1 2025

    Question

    Ike Boruchow asked CFO Eva Boratto if the company would have raised its full-year guidance if not for the impact of tariffs. He also questioned what provides confidence in the back-half revenue growth forecast, given tougher comparisons.

    Answer

    CFO Eva Boratto confirmed that, all else being equal, guidance would have been raised without the recent tariff changes. She noted that at current tariff levels, results would likely be in the lower half of the guidance range. Her confidence in the second half stems from a strong innovation pipeline, including a new elevated ceramic candle, additional collaborations, and an exciting Halloween product launch.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to GPS leadership

    Ike Boruchow's questions to GPS leadership • Q1 2026

    Question

    Ike Boruchow of Wells Fargo asked for quantification of the gross margin impact from the lapping of the credit card benefit in Q2 and sought clarity on the implied back-half margin trajectory, both with and without the estimated tariff impact.

    Answer

    CFO Katrina O'Connell confirmed the Q2 gross margin headwind is roughly 60 basis points, almost entirely due to lapping the prior year's credit card benefit. She reiterated the full-year outlook for slight underlying margin leverage. Regarding tariffs, she calculated the $100-150M net impact equates to a potential 80-90 basis point annual headwind, but stressed the situation remains dynamic and subject to policy changes.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to Burlington Stores Inc (BURL) leadership

    Ike Boruchow's questions to Burlington Stores Inc (BURL) leadership • Q1 2025

    Question

    Ike Boruchow of Wells Fargo & Company inquired about the monthly comp sales trend during the first quarter and into May, and asked for a breakdown of the Q1 earnings beat, including the expense shift to Q2.

    Answer

    EVP & CFO Kristin Wolfe reported that Q1 comps were down 2% in February but recovered to up 1% for the combined March-April period, with May trends continuing near the midpoint of Q2 guidance. Wolfe attributed the $0.30 EPS beat to two main drivers: approximately half ($0.14) was from a timing shift of expenses into Q2, and the remainder resulted from proactive cost-saving initiatives implemented to offset future tariff impacts.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to Burlington Stores Inc (BURL) leadership • Q1 2025

    Question

    Ike Boruchow of Wells Fargo inquired about the monthly comparable sales trend cadence during the first quarter (February, March, April) and any color on the trend for May to date. He also asked for a breakdown of the sources of the first quarter earnings upside and the details of the expense shift into the second quarter.

    Answer

    EVP & CFO Kristin Wolfe addressed the questions, stating that February comps were down ~2% due to weather and tax refund timing, but the combined March-April period saw comps increase by 1%. The trend in May-to-date has been similar to the March-April period. Regarding the Q1 earnings beat of about $0.30 per share, Wolfe explained that roughly half (~$0.14) was due to a timing shift of expenses from Q1 into Q2, while the other half came from proactive cost-saving initiatives implemented to offset anticipated tariff impacts.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to Signet Jewelers Ltd (SIG) leadership

    Ike Boruchow's questions to Signet Jewelers Ltd (SIG) leadership • Q4 2025

    Question

    Ike Boruchow of Wells Fargo Securities inquired about Signet's strategic thinking on the mix between its bridal and fashion categories and how that could shift, alongside the comp cadence and holiday assumptions embedded in the fiscal 2025 guidance.

    Answer

    CEO James Symancyk clarified the strategy is to grow both bridal and fashion categories distinctly, not merely shift the mix. He noted an opportunity to reinvigorate natural diamonds in bridal while using lab-grown diamonds to expand the fashion segment. COO & CFO Joan Hilson added that the full-year guidance reflects a measured consumer environment and does not assume a significant 'hockey stick' recovery during the holiday season.

    Ask Fintool Equity Research AI

    Ike Boruchow's questions to PVH Corp (PVH) leadership

    Ike Boruchow's questions to PVH Corp (PVH) leadership • Q2 2024

    Question

    A representative for Ike Boruchow asked for an update on the G-III licensing agreement and the progress on recapturing that business for Calvin Klein and Tommy Hilfiger.

    Answer

    CEO Stefan Larsson confirmed that PVH is on track with its multi-year plan to take back the licensed businesses. He noted the company has established strong partnerships with key wholesale accounts and has built the necessary sourcing and product engines to support the transition, with Calvin Klein sportswear scheduled as the first launch in Spring '25.

    Ask Fintool Equity Research AI