May 30, 2025
To read our weekly Bespoke Report newsletter and access everything else Bespoke’s research platform offers, start a two-week trial to Bespoke Premium. In this week’s report, we take a look at why it’s not a good sign when traders have to rely on lawyers. We also recap the strong market performance in May despite weak showings for bonds and health care, review the improved sentiment signals from a number of economic data releases this week, and where global markets sit after a huge rebound from April lows. Give it a read!
May 30, 2025
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) Q3 2025 earnings call.
Costco (COST) operates a global chain of membership-based warehouse clubs offering everything from groceries and fresh food to electronics, apparel, and home furnishings. A standout aspect of its business is the Kirkland Signature private label. With nearly 914 warehouses worldwide, Costco provides insights into consumer behavior, discretionary spending, and value-seeking trends, especially during economic uncertainty. Its membership model generates steady recurring revenue, with US and Canada renewal rates at 92.7%. COST posted strong Q3 results with net income of $1.9B ($4.28 per share), up 13%, and total comp sales rising 5.7% (8% ex-gas/FX). US traffic rose 5.5%, and e-commerce comps jumped 14.8%. Management highlighted tariff mitigation efforts through regional sourcing, continued price investments, and digital expansion, including an Affirm Buy Now Pay Later (BNPL) program and scan-and-go pilots. While inflation in non-foods triggered a $130M LIFO charge, margins benefited from commodity deflation. The stock climbed 4% on 5/30 in response to better-than-expected results…
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May 30, 2025
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 Dell’s (DELL) Q1 2026 earnings call.
Dell (DELL) Technologies is a global leader in IT infrastructure, enterprise solutions, and personal computing. Best known for its servers, storage systems, and commercial PCs, Dell also plays a growing role in AI infrastructure, edge computing, and hybrid cloud environments. The company serves a wide range of customers, from governments and Fortune 500 companies to small businesses and consumers, through hardware, software, and integrated solutions. Dell’s deep relationships with partners like NVIDIA, AMD, and Microsoft, along with its end-to-end engineering and deployment capabilities, offer valuable insight into global tech demand trends, enterprise AI adoption, and data center modernization. Dell posted Q1 revenues of $23.4B (+5% YoY) and $1.55 EPS (+17%), fueled by surging AI server demand. The company booked $12.1B in AI server orders, more than the total for all of FY2025, and expects to ship $7B in AI servers in Q2 alone. Its AI pipeline grew across enterprises and sovereigns, now including over 3,000 customers. Despite strong commercial PC demand, the consumer segment remains soft. Tariffs were managed without price hikes, and Dell sees deflationary input costs near term. In response to the report, shares of DELL traded down over 3% in midday trading on 5/30…
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May 30, 2025
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.
To access our newest Matrix of Economic Indicators, start a two-week free trial to either Bespoke Premium or Bespoke Institutional now!
Bespoke-Summary-of-Economic-Indicators-123024-tpy9756
May 30, 2025
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 e.l.f. Beauty’s (ELF) Q4 2025 earnings call.
e.l.f. Beauty (ELF) is a digitally native cosmetics and skincare company known for its affordable, cruelty-free products targeted primarily at Gen Z and Millennial consumers. Its brand portfolio includes e.l.f. Cosmetics, e.l.f. SKIN, Naturium, Well People, and Keys Soulcare. ELF has grown into a top player in mass cosmetics while expanding rapidly internationally. The company just wrapped its 25th straight quarter of net sales and share growth, driven by a 28% sales increase in FY25 and 60% international growth. The company addressed the impact of newly raised 55% US tariffs on China-sourced goods, exposing $50M in annualized COGS, and discussed mitigation plans via a $1 global price hike, supply chain diversification, and non-US sales mix expansion. A $1B acquisition of Hailey Bieber’s Rhode brand dominated the call, with plans for a Sephora rollout and deeper international presence. Despite macro headwinds, ELF was optimistic, citing standout product launches like Glow Reviver Lip Balm and strong consumer engagement. Historically, ELF has been a triple play machine, with seven straight during a golden age from August 2022 through February 2024. After pulling back almost 20% after last quarter’s weaker results, ELF beat estimates on the top and bottom lines this quarter, helping the stock climb as much as 27.6% on 5/29, on top of the news of the Rhode acquisition…
Continue reading our Conference Call Recap for ELF 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:
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May 30, 2025
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 Veeva Systems’ (VEEV) Q1 2026 earnings call.
Veeva Systems (VEEV) is a cloud software provider specializing in solutions for the global life sciences industry. Its platforms help pharmaceutical and biotech companies manage clinical trials, regulatory compliance, customer engagement, and commercial operations. Veeva’s products include Vault (for R&D and quality management) and Commercial Cloud (for CRM, data, and analytics), with recent moves into AI-powered tools and new applications like Crossix for marketing optimization. It serves nearly all of the top 20 global pharma companies. Veeva surpassed expectations with $759M in revenue. Vault CRM adoption accelerated, with 80+ customers now live and 200 expected by next year. Crossix usage-based revenue was a standout, growing 30%+ and driving commercial momentum. Veeva AI also took center stage. CEO Peter Gassner expects it to improve industry efficiency by 15% by 2030. Despite global unease, management sees no material pipeline weakness. Veeva also outlined plans to expand beyond life sciences with a new horizontal CRM platform, signaling a potentially major market shift. After reporting a triple play, its first since 2021, the stock rose as much as 20% on 5/29. The company has notably topped revenue and EPS estimates in 32 consecutive earnings reports…
Continue reading our Conference Call Recap for VEEV 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:
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