Wednesday, May 24 2017 - 9:30pm
Wednesday, May 24 2017 - 9:00pm
Wednesday, May 24 2017 - 1:00pm
Wednesday, May 24 2017 - 12:30pm
Wednesday, May 24 2017 - 12:00pm
$IPAR's gross margin for European based operations for 1Q16 rose to 67.3% from 64.7% in the previous year quarter. About 40% of the increase is related to currency fluctuation, while balance is result of favorable product mix driven greatly by its Rochas brand, which generated gross profit margins in excess of 75%.
$SAFM reported a jump in 2Q17 earnings reflecting benign feed costs, continued favorable demand for poultry products from retail grocery store customers, higher volume, and an improving export environment. Net income rose to $66.94MM or $2.94 per share from $47.6MM or $2.11 per share last year. Sales grew to $802.04MM from $692.09MM.
For FY18, $GCO cut down its adjusted diluted EPS outlook to $3.90-4.05 compared to the previous outlook of $4.40-4.55. The company has adopted a more conservative outlook for store-based sales due to the year-to-date low level of mall traffic and the shift in consumer spending from stores to online. Comp sales are estimated to be flat to up to 1%.
During 1Q18, $BBY grew Enterprise comparable sales by 1.6%, improved adjusted operating income rate by 70BP to 3.5% and delivered adjusted diluted EPS of $0.60, up 40% compared to 1Q17. Revenue was higher than expectations due to strong performance in gaming and better-than-expected results in mobile.
Footwear designer $GCO posted a lower profit in 1Q18. Net earnings nosedived to $0.885MM or $0.05 per share compared to $10.4MM or $0.50 per share a year ago. Recently ended quarter results reflect a pretax asset impairment charge of $0.1MM and 1Q17 results reflect pretax asset impairment charges of $3.4MM. Sales decreased 0.85% to $643MM.