Earnings Report Archive

H&M Third Quarter Earnings Miss Estimates on Discounts

STOCKHOLM, Sweden  — Hennes & Mauritz AB reported third-quarter earnings short of analysts’ expectations as the Swedish fashion retailer marked down prices and the strong dollar raised garment costs. Pretax profit fell to 6.3 billion kronor ($730 million) in the three months through August from 6.94 billion kronor a year earlier, the Stockholm-based company said in a statement Friday. That compared with an average 6.37 billion-krona estimate …

Signet Misses Second Quarter Forecasts

HAMILTON, Bermuda — Signet Jewellers Ltd. on Thursday reported fiscal second-quarter net income of $81.9 million. On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $1.06. Earnings, adjusted for non-recurring costs, came to $1.14 per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share. The …

Prada Sales Slide on Weak Demand

MILAN, Italy — Prada SpA reported the first decline in opening-half sales since its 2011 listing as weak demand in China and terrorist attacks in Europe continued to weigh on the Italian luxury-goods maker. Revenue fell 15 percent to €1.55 billion ($1.8 billion), the Hong Kong-listed company said in a statement Friday, missing the €1.65 billion average analyst estimate compiled by Bloomberg. Earnings also declined, though …

Express Misses 2Q Forecasts

Source: Express Inc. COLUMBUS, United States — Express Inc. on Wednesday reported fiscal second-quarter net income of $10.1 million. The Columbus, Ohio-based company said it had net income of 13 cents per share. The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. The clothing and accessories chain …

Wal-Mart Profit Beats Expectations With Stocks Rising

BENTONVILLE, United States — Wal-Mart Stores Inc , the world’s largest retailer, reported a higher-than-expected quarterly profit on Thursday as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent. Excluding a non-cash gain from the sale of Wal-Mart’s e-commerce business in China and other items, earnings per share came to $1.07 in the second …

Perry Ellis Reports 2Q Loss

MIAMI, United States — Perry Ellis International Inc. on Thursday reported a loss of $3.6 million in its fiscal second quarter. The Miami-based company said it had a loss of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 15 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on …

Estée Lauder Forecast Trails Estimates as Skincare Struggles

NEW YORK, United States — Estée Lauder Companies forecast full-year profit that trailed analysts’ estimates as restructuring costs and softer sales of skin-care products weigh on earnings. Profit will be $3.38 to $3.44 a share, excluding some items, in the year through June, the New York-based company said Friday in a statement. Analysts projected $3.53, on average. The beauty company is going through a multiyear restructuring …

Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase

Nordstrom Store in the Rideau Centre shopping mall in Ottawa, Canada | Source: Shutterstock SEATTLE, United States — Nordstrom Inc., the largest US luxury department-store chain, posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain. Earnings were 67 cents a share in the quarter, the Seattle-based company said in a statement Thursday. Analysts predicted 57 cents, on average. …

JC Penney Reports Smaller Loss in 2Q as Sales Improve

Source: J.C. Penney PLANO, Texas — JC Penney Inc. reported a smaller loss in the second quarter as the department store operator’s sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store. Its shares rose more than 2 percent in premarket trading, The news is encouraging, but Penney still faces an uphill climb as it continues to claw …

Zalando Confirms Earnings Boost From Efficiency and New Brands

FRANKFURT, Germany — Zalando SE boosted earnings as the online apparel retailer added new brands like Kate Spade and got more bang for its marketing buck. Adjusted earnings before interest and taxes amounted to €80.9 million ($90.3 million) in the second quarter, Berlin-based Zalando said in a statement Thursday. That compares with €30.2 million a year earlier. The company said July 19 that earnings would …