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Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Costco’s (COST) Q2 2025 earnings call.
Costco (COST) operates a global network of membership-based warehouse clubs, offering bulk goods at competitive prices. The company generates revenue through both product sales and lucrative membership fees, with executive members accounting for nearly 74% of sales. COST reported Q2 net sales of $62.53 billion (+9.1% YoY), with US comparable sales up 8.3%. E-commerce grew 20.9%, driven by strong demand for bullion, home furnishings, and sporting goods. The company expanded gas station hours and plans 25 net new warehouses this year. Tariff uncertainty looms, and COST working to mitigate cost increases. Inflation remains low overall but is rising in fresh food, particularly meat and bakery. Membership fee income grew 7.4%, and Costco continues expanding executive membership internationally. Retail media is emerging as a new revenue driver, with 10 ad campaigns live and more planned. On mixed results, COST fell as much as 8% through midday on 3/7…
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An earnings triple play is a stock that reports earnings and manages to 1) beat analyst EPS estimates, 2) beat analyst sales estimates, and 3) raise forward guidance. You can read more about “triple plays” at Investopedia.com where they’ve given Bespoke credit for popularizing the term. We like triple plays as an indication that a company’s business is firing on all cylinders, with better-than-expected results and an improving outlook. A triple play is indicative of positive “fundamental momentum” instead of pure fundamentals, and there are always plenty of names with both high and low valuations on our quarterly list.
Bespoke’s Triple Play Report highlights companies that have recently reported earnings triple plays, and it features commentary from management on triple-play conference calls, company descriptions and analysis, and price charts. Bespoke’s Triple Play Report is available at the Bespoke Institutional level only. You can sign up for Bespoke Institutional now and receive a 14-day trial to read this week’s Triple Play Report, which features 32 new stocks. To sign up, choose either the monthly or annual checkout link below:
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LegalZoom (LZ) is an example of a company that recently reported an earnings triple play; its first since November 2023. Reporting after the close on 2/26, the stock rallied 13.2% the following day, stacking on top of last quarter’s 13.1% move higher on 11/7 after beating estimates on the top and bottom lines and holding guidance inline. LZ is a beaten down stock since its IPO in June 2021, but it has rebounded more than 80% from August lows.
Here’s how AI describes the company: LegalZoom.com (LZ) is an American online legal technology company. The company offers a variety of legal services, including the creation of legal documents such as wills, living trusts, business formation documents, copyright registrations, and trademark applications. Additionally, LegalZoom provides attorney referrals and registered agent services. In August 2023, LegalZoom launched LZ Books, an online accounting solution tailored for solopreneurs and small business owners. LZ Books offers features such as automated income and expense categorization, unlimited custom-branded proposals and invoices, 24/7 client payment options, and insights into cash flow trends. This integration aims to simplify bookkeeping and tax preparation for entrepreneurs.
In its most recent earnings report, management made note of the company’s progressing in moving to a subscription-driven business model. LZ reported revenue of $162 million, up 2% YoY, with subscription revenue growing 2% due to strong demand for compliance-related services. Despite a 15% decline in business formations to 96,000, LZ countered by mentioning its focus on attracting higher-value customers rather than maximizing volume. The company ended the quarter with 1.8 million active subscriptions, up 14% from the prior year. Some highlights were bundling compliance and business management solutions, adjusting pricing to align with customer value, and integrating AI-powered tools like an estate planning assistant and business name generator.
Looking at the snapshot below from our Earnings Explorer, LegalZoom results have been a bit of mixed bag, but they’ve been trending more favorably recently. The stock has gained 13% on each of its last two earnings reaction days as it continues to trend higher.
You can read more about LZ and the 31 other triple plays we covered in our newest report by starting a Bespoke Institutional trial today.
Bespoke Investment Group, LLC believes all information contained in these reports to be accurate, but we do not guarantee its accuracy. None of the information in these reports or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. This is not personalized advice. Investors should do their own research and/or work with an investment professional when making portfolio decisions. As always, past performance of any investment is not a guarantee of future results. Bespoke representatives or clients may have positions in securities discussed or mentioned in its published content.
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Best Buy’s (BBY) Q4 2025 earnings call.
Best Buy (BBY) is a leading retailer of consumer electronics, appliances, and tech services, serving both individual consumers and businesses across the US and Canada. Best Buy operates a vast network of stores with a strong e-commerce presence as well, offering everything from laptops and TVs to gaming consoles and smart home devices. The company’s Geek Squad services provide tech support, repairs, and installation, making it a one-stop shop for electronics. Best Buy posted better-than-expected Q4 earnings, with 0.5% comparable sales growth despite ongoing consumer caution. Digital sales accounted for nearly 40% of total domestic revenue, with the Best Buy app hitting No. 1 on Black Friday. The company is preparing for tariff-related cost increases, estimating a 1% hit to comps if the new 10% China tariffs remain. Best Buy’s Marketplace platform launches mid-year to expand product selection without holding inventory, and its Ads business is ramping up with new leadership. Appliance sales remained soft due to low housing turnover, but upcoming gaming releases, including a new Nintendo Switch and GTA VI, could drive a sales boost later in the year. The stock tumbled 13.4% on tariff-related news from the company…
Continue reading our Conference Call Recap for BBY by becoming a Bespoke Institutional subscriber. You can sign up for Bespoke Institutional now and receive a 14-day trial to read our newest Conference Call Recap. To sign up, choose either the monthly or annual checkout link below:
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Campbell’s (CPB) Q2 2025 earnings call.
Campbell’s (CPB) is a major player in the packaged food industry, known for its soups, sauces, snacks, and ready-to-eat meals. Its portfolio includes household staples like Campbell’s soup, Pepperidge Farm, Goldfish, Snyder’s of Hanover, Prego, Swanson, and Rao’s. The company serves a broad consumer base, from budget-conscious shoppers to premium-category buyers, and provides insight into consumer demand trends, grocery spending habits, and shifting food preferences. CPB’s acquisition of Sovos Brands, which includes Rao’s, has bolstered its presence in the industry. CPB’s Q2 results showed mixed performance, with 9% revenue growth due to the Sovos acquisition, but organic sales declined 2% as the snacks business struggled. Goldfish and Snyder’s pretzels saw competitive pressure, and promotional spending hurt margins in the Snacks unit. Meals & Beverages remained stable, with Rao’s and Prego growing 5% in sales, though broth faces private-label headwinds. Tariffs on Canadian steel and canola oil pose cost risks, but mitigation efforts are underway. On mixed results, CPB opened 4.7% lower on 3/5 but recovered partially throughout the session…
Continue reading our Conference Call Recap for CPB by becoming a Bespoke Institutional subscriber. You can sign up for Bespoke Institutional now and receive a 14-day trial to read our newest Conference Call Recap. To sign up, choose either the monthly or annual checkout link below:
Our Matrix of Economic Indicators provides a concise summary analysis of the US economy’s momentum. We combine trends across the dozens and dozens of economic indicators in various categories like manufacturing, employment, housing, the consumer, and inflation to provide a directional overview of the economy.
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