Ralph Lauren Beats Sales and Profit Estimates in Q2

9 Nov

Updated Nov. 8 3:45 p.m. Ralph Lauren Corp. continued to play its game well within the fiscal second quarter — despite weakness within the North American wholesale business and a tougher economy. The corporate has been on a campaign to raise its brand and kept at it this quarter, boosting average unit retail prices at its own stores and on its website by 10 percent, on top of an 18 percent increase a yr earlier. Overall, the brand has pushed its prices up a complete of greater than 70 percent over the past six years. That march higher has been driven by quite a lot of components — from the form of products sold to the costs charged to where they’re sold. Along the way...

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2 Aug

E.l.f. Beats Wall Street Estimates, Raises Full-year Forecasts –

by Beautifaire101

Beauty, Featured

E.l.f. Beauty began fiscal 2024 with a bang. The Oakland, California-based beauty company, whose brands include Well People and Soulcare in addition to its namesake cosmetics and skincare lines, once more blew through Wall Street estimates on each the highest and bottom lines, allowing it to lift its full-year forecasts. Net sales increased 76 percent to $216.3 million for the three months ended June 30, compared with $122.6 million a 12 months earlier, primarily driven by strength in each retailer and e-commerce channels. Analysts polled by Factset had on average penciled in sales to are available in at $206 million. “This marks our 18th consecutive quarter of delivering each net sales growth and market share gains. We're one in all only five publicly traded...

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1 Jun

Lululemon Powers On, Topping Estimates and Raising Its Outlook

by Beauty Tips

Fashion, Featured

The economic realities of the moment — with frightened consumers, high inflation and high rates of interest — don’t appear to apply to Lululemon Athletica Inc. Shares of the buzzy energetic company shot up 13.7 percent on Thursday to $373.37 after it continued to grow rapidly, topping first-quarter profit and sales projections and raising its outlook for the yr. That puts Lululemon’s market capitalization at about $47.5 billion, one in every of the best valuations in all of fashion, although still lower than half of energetic leader Nike with a market cap of $159.3 billion. But the concept actually seems for Lululemon to catch up. The corporate’s earnings jumped 53 percent to $290.4 million, or $2.28 a share — 32 cents ahead of the...

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17 May

Goal Tops Profit Estimates, Projects $500M Shrink Hit This Yr

by Beauty Tips

Fashion, Featured

Goal Corp. topped first quarter estimates, but warned shrink would take a $500 million bite out of its annual earnings. Still the discounter maintained its full-year guidance and is attempting to keep agile a tricky yr for consumer-oriented corporations. Brian Cornell, chair and chief executive officer, said: “We got here into the yr clear-eyed in regards to the challenges consumers are facing, and we were determined to construct on the trust we’ve established with our guests. It’s required agility and the power to flex across our multi-category portfolio as we lean into value and the product categories our guests need most right away. Due to the team’s dedication, we saw a rise in guest traffic in Q1, with total sales increasing and...

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