Executive

Guess Q3 earnings jump, declares dividend

11 days ago   |   By Fashion United

Image: Guess website
Guess, Inc. for the third quarter of fiscal 2022, recorded GAAP net earnings of 29.9 million dollars, a 140.5 percent increase from 12.4 million dollars for the third quarter of fiscal 2020. GAAP diluted EPS increased 150 percent to 45 cents compared to 18 cents for the third quarter of fiscal 2020.
The company's adjusted net earnings were 41.6 million dollars, a 178.8 percent increase from 14.9 million dollars for the third quarter of fiscal 2020 and adjusted diluted EPS increased 181.8 percent to 62 cents.
Commenting on the company's performance, Carlos Alberini...
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Nordstrom Q3 net sales increase 18 percent

11 days ago   |   By Fashion United

Image: Nordstrom media center
Nordstrom, Inc. reported third quarter net earnings of 64 million dollars or 39 cents per diluted share, with EBIT of 127 million dollars. Net sales for the quarter increased 18 percent versus the same period in fiscal 2020 and decreased 1 percent versus the same period in fiscal 2019.
“We're taking action to improve performance at Nordstrom Rack, including optimizing inventory levels, better balancing price points and increasing brand awareness. Work is also underway to improve merchandise margin across the company and ensure we have the visibility and...
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Supply chain disruptions impact Gap's Q3

11 days ago   |   By Fashion United

Image: Gap media center
Gap Inc. reported a third quarter fiscal year 2021 diluted loss per share of 40 cents. The company said, third quarter net sales of 3.9 billion dollars were down 1 percent compared to 2019 with supply chain disruption driving an estimated 8 percentage point negative impact due to constrained inventory.
The company noted that while supply chain constraints continue, it is leveraging increased air freight and port diversification to navigate ongoing delivery challenges for holiday.
“While we entered the third quarter with growing momentum, acute supply chain headwinds...
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