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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16 Aug

Goal’s Discretionary Pullback Results in Profit Gains, But Outlook Cut

by Beautifaire101

Beauty, Featured

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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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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27 Jan

H&M Q4 Operating Profit Hit By Russia Exit, One-Time Cost

by Beauty Tips

Fashion, Featured

PARIS – H&M Group’s Russia exit and one-time costs caused the retailer’s profits to plunge within the three months to Nov. 30. Within the fourth quarter of its most up-to-date fiscal 12 months, H&M’s operating profit totaled 821 million Swedish kronor, or $79.7 million, versus 6.26 billion kronor in the identical prior-year period, representing an 86.9 percent decrease. “The lower profit within the fourth quarter compared with the identical quarter within the previous 12 months is principally explained by the negative external aspects, lack of the operating profit previously contributed by Russia and the one-time cost of the associated fee and efficiency program,” the Swedish fast-fashion retailer said on Friday. The group in September unveiled a cost-cutting program through which it hoped...

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