Goal Corp. turned in a really profitable second quarter and simply topped bottom line expectations, after cutting inventory and pulling back on discretionary categories like apparel.
But a cautious consumer and sales weakness is anticipated to catch as much as the retailer, which also cut its outlook for the yr.
Net income for the quarter shot up greater than 4 times to $835 million, or $1.80 a diluted share, from $183 million, or 39 cents, a yr earlier.
Earnings per share got here in 37 cents ahead of the $1.43 analysts expected, in keeping with FactSet.
Still revenues for the three months ended July 29 fell 4.9 percent to $24.8 billion from $26 billion. And comparable sales dropped 5.4 percent with growth within the...
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