(GOOS)Įarnings: Net loss of $62.4 million (CAD) in the first quarter of 2023, an increase of 8.5% from the $57.5 million (CAD) loss in the same period last year. Outlook: While the company is planning cautiously for the remainder of the year, current trends support the company’s prior guidance for full-year revenue growth in the low- to mid-single digit range, and an operating margin rate in a range around 6% in the back half of the year.Īug. “While these inventory actions put significant pressure on our near-term profitability, we’re confident this was the right long-term decision in support of our guests, our team and our business.”
Sales: Net sales in the second quarter were $26.04 billion, up 3.5% from the same quarter last year.ĬEO Comments: “I’m really pleased with the underlying performance of our business, which continues to grow traffic and sales while delivering broad-based unit-share gains in a very challenging environment,” said Brian Cornell, chairman and CEO of Target Corporation.
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Outlook: For the full year fiscal 2023, the company is updating its expectation for diluted earnings per share to $2.87 to $2.95 and adjusted diluted earnings per share to $3.05 to $3.13, versus its previous guidance for diluted earnings per share of $2.94 to $3.01 and adjusted diluted earnings per share of $3.13 to $3.20.Įarnings: Net earnings were $183 million in the second quarter, down 89.9% from $1.82 billion the same quarter last year. In addition, it was good to see the improved profitability of our international divisions.” “While we saw more softness in our home categories, we were very pleased that comp sales in our overall apparel business at Marmaxx were slightly positive every month of the quarter. comp sales for the second quarter came in lighter than we expected as we believe historically high inflation impacted consumer discretionary spending,” Ernie Herrman, president and CEO of TJX, said in a statement.
Sales: Net sales for the second quarter of fiscal 2023 were $11.8 billion, a decrease of 2% versus the second quarter last year.ĬEO Comments: “As to the top-line, U.S. This represents an increase of 3% to 4% on a reported basis.Įarnings: Net income for the second quarter of fiscal 2023 was $809 million, and diluted earnings per share were $.69 versus $.64 per share in the same time last year. Outlook: Tapestry expects revenue in the area of $6.9 billion for fiscal 2023. “Through an unwavering focus on the consumer, supported by our transformed and diversified business model, we increased AUR, reached $2 billion in global Digital sales and acquired 7.7 million new customers in North America alone in FY22.” And net sales totaled $6.68 billion for the full year as compared to $5.75 billion in the prior year, representing a year-over-year increase of 16% on a reported basis.ĬEO Comments: “We drove standout results this fiscal year and delivered accelerated revenue and profit growth across our portfolio – a direct reflection of the vibrancy of our brands and our team’s successful execution of the Acceleration Program,” CEO Joanne Crevoiserat said in a statement. Sales: Net sales totaled $1.62 billion for the fourth quarter compared to $1.62 billion in the prior year, representing a year-over-year increase of approximately 1% on a reported basis. This compared to net income of $834 million and earnings per diluted share of $2.95 in the prior year. Net income was $856 million on a reported basis for the full fiscal year 2022, with earnings per diluted share of $3.17. (TPR), which owns Coach, Stuart Weitzman and Kate Spade reported its fourth quarter and full fiscal 2022 results.Įarnings: Net income was $189 million on a reported basis for the fourth quarter of 2022, with earnings per diluted share of $0.75, which compares to net income of $200 million and earnings per diluted share of $0.69 in the prior year period.
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