Skillz (SKLZ) Q3 2025 Earnings Call Transcript

Kraft Heinz launched Philadelphia Mike’s Hot Honey Whipped Cream Cheese, a sweet-and-spicy cream cheese, at Walmart, with a national rollout planned for January 2027. The company is investing $700 million in innovation and marketing to boost sales amid consumer demand pressure. Second-quarter sales were $6.26 billion, down 1.4% year-over-year but beating expectations.

Scholar Rock (SRRK) shares fell 14% after Barclays downgraded it to Equal Weight, citing concerns about its pipeline despite FDA approval for Isembyld. The stock's P/S ratio is high, reflecting growth expectations, but profitability remains weak. Insider activity is balanced, and the GF Score™ is 29/100.

Lockheed Martin (LMT) secured a $1.21B contract from the U.S. Army for the Precision Strike Missile Increment 2 program. The deal, running through 2031, covers the early operational phase. The contract is structured as cost-plus-fixed-fee and firm-fixed-price, with work locations and funding determined per order. The missile system is designed for long-range precision strikes and future upgrades.

Analysts upgraded Medical Properties Trust (MPT) and Netflix (NFLX) while downgrading Oracle (ORCL) and lululemon (LULU). MPT was upgraded due to reduced refinancing risk and attractive valuation. NFLX was upgraded for its competitive position and profitability. ORCL was downgraded due to capital-intensity concerns, and LULU for falling revenue and operational weakness.

Boeing is close to finalizing a deal with Turkish Airlines for 150 737 MAX jets, part of a larger 225-jet agreement. The deal was previously stalled due to a dispute with engine manufacturer CFM over maintenance agreements, but negotiations have since resolved the issue. The signing is expected next week, according to sources familiar with the matter.

S&P Global Ratings revised Estee Lauder's outlook to stable from negative, citing improved operating results and credit metrics. The agency expects adjusted leverage to fall to 1.9x by fiscal 2027, with mid-single-digit revenue growth and expanded EBITDA margins. Cash flows are projected to decline due to restructuring and investments, but the company plans to use cash balances for debt repayment.