Analyst
Evercore ISI
Equibles does not estimate personal net worth.
Michael Benetti is recorded as Analyst at Evercore ISI. Michael Benetti has spoken on 13 earnings calls across 10 companies, most recently for KOHLS Corp on August 26, 2026. Those appearances were for Ross Stores, Inc. (ROST), Revolve Group, Inc. (RVLV), KOHLS Corp (KSS), Canada Goose Holdings Inc. (GOOS), Amer Sports, Inc. (AS) and 5 other companies. The companies whose calls Michael Benetti spoke on are classified in the Consumer Cyclical sector.
“I guess just a few on the guidance that, you know, the high end of the range for the back half embeds, you know, maybe call it 25 basis points of operating margin improvement on a little less than a, you know, plus one comp call it.”
“So if we strip out the tariff refund, Jesse, I think the flow-through was a little lower than it's been in a few quarters, but I can hear you guys feel good on the business and where you're at. is it is it safe to say that you took the opportunity to invest when you got the refund or that you invested more than you…”
“I guess as we – let me think about that – the last answer there is, you know, we de-levered SG&A on a 17 comp. It sounds like there's some potential investment in incentive comp.”
“I want, I want to just double click on that a little bit. I'm a little confused with low single-digit revenue growth in total with pricing in place, store growth, and expected same-store sales growth, and wholesale expected to be positive.”
Evercore ISI
Analyst
Transcript header (unverified)
ROST
Apparel Retail · Consumer Cyclical
RVLV
Internet Retail · Consumer Cyclical
KSS
Department Stores · Consumer Cyclical
Apparel Manufacturing · Consumer Cyclical
FERRARI N.V.
Auto Manufacturers · Consumer Cyclical
Apparel Manufacturing · Consumer Cyclical
TPR
Luxury Goods · Consumer Cyclical
Department Stores · Consumer Cyclical
GROUP RESULTS FOR 4TH QUARTER AND FULL-YEAR 2025
FERRARI N.V.
