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    Jolie Wasserman

    Research Analyst at Stifel

    Jolie Wasserman is an Equity Research Analyst at Stifel, specializing in coverage of consumer and retail companies. She has covered major firms such as Nike, Lululemon, and Crocs, maintaining a solid track record with a TipRanks analyst ranking typically in the top third and a success rate around 60%, with her stock picks generating average annualized returns above sector benchmarks. Wasserman began her career in equity research after graduating from Belmont University, having joined Stifel in the early 2020s and previously held internship roles at boutique investment firms before assuming her current analyst role. She is registered with FINRA and holds relevant securities licenses such as the Series 7 and Series 63, earning recognition for her sector expertise and incisive investment calls.

    Jolie Wasserman's questions to Academy Sports & Outdoors (ASO) leadership

    Jolie Wasserman's questions to Academy Sports & Outdoors (ASO) leadership • Q3 2024

    Question

    Jolie Wasserman of Stifel inquired about the quarter-to-date holiday performance, including Black Friday and Cyber Week, and how it aligns with Q4 guidance given the compressed holiday calendar. She also asked for a breakdown of the Q3 gross margin decline drivers and the outlook for freight costs in Q4.

    Answer

    CEO Steve Lawrence noted that after a slow start to November, business accelerated significantly for Black Friday, which was the largest sales day in company history. He explained the calendar shift's impact and confirmed they are tracking to their forecast. CFO Carl Ford detailed the Q4 guidance, expecting a -4.5% comp and a 50 basis point gross margin improvement. Ford also quantified the Q3 margin decline, attributing 30 basis points to merchandise mix (strong outdoor sales) and 20 basis points to supply chain costs, which are not expected to persist at the same level in Q4.

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    Jolie Wasserman's questions to DICK'S SPORTING GOODS (DKS) leadership

    Jolie Wasserman's questions to DICK'S SPORTING GOODS (DKS) leadership • Q3 2024

    Question

    Jolie Wasserman, on for Christopher Horvers, asked for the updated view on Q4 merchandise margin, how Q3 shrink performed, and about the sales cadence during the quarter considering factors like weather and the election.

    Answer

    CFO Navdeep Gupta stated the expectation is for merchandise margin to increase again in Q4, and noted that Q3 shrink results came in slightly better than or in line with expectations. President and CEO Lauren Hobart clarified that despite warmer weather late in the quarter, it did not have a material impact, every month was strong, and no meaningful impact was seen from the election.

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