18
May
Category: Beauty
Bath & Body Works beat Wall Street forecast on each the highest and bottom lines on Thursday.
The corporate reported net sales of nearly $1.4 billion for the primary quarter ended April 29, a decrease of 4 percent in comparison with the identical period a 12 months earlier, but above analysts’ expectations.
Net income was $81 million, down from $155 million, the corporate said. Adjusted earnings per diluted share got here in at 33 cents for the primary quarter, down from 64 cents a 12 months ago, but additionally beating analyst forecasts of 26 cents.
Bath & Body Works updated its full-year forecast to reflect better-than-expected bottom line results and the impact of the gain on the early extinguishment of debt in the...
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Goal Corp. held its ground in the primary quarter.
However the discounter has loads of competition and continued to get battered in discretionary goods within the early innings of 2023. The corporate also warned that the growing and industry-wide problem of inventory shrink would sap a further $500 million out of its earnings this yr.
“We got here into the yr clear-eyed about what consumers are facing with persistent inflation and rising rates of interest,” said Brian Cornell, chair and chief executive officer, on a conference call with Wall Street analysts. “And we were determined to construct on the trust our guests have had in Goal by unifying as a team to deliver inexpensive joy each and every single day.”
Inexpensive joy, it...
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From IRL fashion shows and club nights to social media and Reddit threads, individuals are turning to the magical to make sense of the chaotic world around them
Taken from the spring 2023 issue of Dazed. You possibly can buy a replica of our latest issue here
It’s January, and I’m sitting within the smokers’ area of a south London club as a man tries to persuade me that the silver crucifix around his neck is spiritual protection against the night, which he claims is a “pagan reverse psy-op”. We’re here for gr1n, the newest in a series of experimental nights in town exploring the connection between technology and the spiritual. Ravers wearing white...
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