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28 Mar

PVH Revenues Top Estimates With Strength at Tommy and Calvin

by Beauty Tips
Fashion, Featured
Stefan Larsson is feeling positive.  Tommy Hilfiger and Calvin Klein powered through an uncertain holiday season, pushing PVH Corp. to better-than-expected fourth-quarter sales gains with strength across the globe. That counts as a proof point for Larsson, who leads the corporate as chief executive officer and laid out his PVH+ strategic plan almost a 12 months ago.  Larsson told WWD that the plan — which starts with crucial products and backs them up with a 360-degree push for consumer engagement — has brought a recent sort of focus to the brands and that it's showing up within the firm’s financial results. “We got here into the vacation season and the tip of the 12 months mindful of the unprecedented combination of macro challenges and our...
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25 Jan

Levi Strauss Tops Q4 Estimates, Sees Slower Growth for 2023

by Beauty Tips
Fashion, Featured
Chip Bergh isn’t quite able to make his last lap at Levi Strauss & Co. — however the chief executive officer, who’s preparing at hand the reins over to Michelle Gass, is actually seeking to finish strong.  The corporate on Wednesday topped estimates in what was a tougher fourth-quarter and continued to realize in what turned out to be a decidedly mixed yr for the style industry.  For the fiscal yr ended Nov. 27, Levi’s tallied net income of $569 million and adjusted earnings per share of $1.50 on $6.2 billion in sales, a gain of seven percent on a reported basis and a 12 percent increase in constant currencies.  “We’re really completely happy with the yr,” Bergh told WWD. “It was a yr...
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25 Aug

Ulta Beauty Surpasses Estimates in Q2, Raises Full 12

by Beautifaire101
Beauty
Ulta has raised its full-year outlook on the back of better-than-expected second-quarter results as consumers proceed to open their wallets at the wonder counter despite an uncertain economic backdrop. Net sales increased 16.8 percent year-over-year to $2.3 billion within the second quarter of the fiscal yr, in comparison with $2 billion in the identical period a yr earlier attributable to the “favorable impact from the continued resilience of the wonder category, the impact of recent brands and product innovation, and the easing of COVID-19 restrictions,” the corporate said. Analysts had forecasted sales of around $2.2 billion, in line with a Factset poll. All major categories exceeded Ulta’s expectations, and the retailer increased market share in prestige beauty versus last yr. In comparison...
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