United States

Apparel & Accessories Retailers

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Foot Locker Inc Q2 sales $1.701 billion

Friday, 18 Aug 2017 06:45am EDT

Aug 18 (Reuters) - Foot Locker Inc :Foot Locker Inc reports 2017 second quarter results.Q2 non-GAAP earnings per share $0.62 excluding items.Q2 sales $1.701 billion versus I/B/E/S view $1.8 billion.Q2 earnings per share $0.39.Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S.At July 29, 2017, company's merchandise inventories were $1,290 million, 3.7 percent lower than at end of Q2 last year.Excluding effect of foreign currency fluctuations, total sales for Q2 decreased 4.3 percent.Qtrly result included $50 million pre-tax litigation charge related to appeals court decision in lawsuit against co involving conversion of pension plan in 1996.During Q2, company opened 24 new stores, remodeled or relocated 38 stores, and closed 19 stores..Qtrly comparable-store sales decreased 6.0 percent.

Hibbett Sports reports Q2 loss per share $0.15

Friday, 18 Aug 2017 06:30am EDT

Aug 18 (Reuters) - Hibbett Sports Inc ::Hibbett reports second quarter fiscal 2018 results.Q2 loss per share $0.15.Q2 sales $188 million vs I/B/E/S view $190.2 million.Q2 same store sales fell 11.7 percent.Q2 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S.‍Updates fiscal 2018 outlook​.Sees ‍2018 comparable store sales in negative mid to high single-digit range​.Looking forward, expect external environment to remain challenging."Continued soft sales for remainder of year due to a challenging retail environment".Co sees reduction in gross margin rate of 250 to 285 basis points in FY 2018.Experienced very difficult retail environment in quarter, with significant decline in transactions and resulting pressure on gross margin.Hibbett Sports sees FY 2018 earnings per diluted share in range of $1.25 to $1.35, which compares with previous guidance of $2.35 to $2.55.

Hudson's Bay names Edward Record chief financial officer

Thursday, 17 Aug 2017 05:00pm EDT

Aug 17 (Reuters) - Hudson's Bay Co -:HBC names Edward Record chief financial officer.Hudson's Bay Co - ‍record succeeds Paul Beesley, who, as previously announced is leaving HBC​.Hudson's Bay Co - ‍ prior to JCP, Record most recently served as executive VP, COO of stage stores, and previously as its chief financial officer​.Hudson's Bay Co - ‍ Record joins HBC after more than three years as chief financial officer for J. C. Penney Company, Inc​.

Gap Inc Q2 earnings per share $0.68

Thursday, 17 Aug 2017 04:15pm EDT

Aug 17 (Reuters) - Gap Inc :Gap Inc reports second quarter results.Q2 sales $3.8 billion versus I/B/E/S view $3.77 billion.Sees FY 2017 adjusted earnings per share $2.02 to $2.10 excluding items.Sees FY 2017 earnings per share $2.12 to $2.20.Q2 earnings per share $0.68.Gap Inc - ‍at end of Q2 of fiscal year 2017, total inventory was up 5 percent​.Q2 adjusted earnings per share $0.58 excluding items.Gap Inc - company continues to expect capital spending to be approximately $625 million for fiscal year 2017.Gap Inc - ‍continues to expect comparable sales for fiscal year 2017 to be flat to up slightly​.Q2 same store sales rose 1 percent.Gap Inc - ‍company continues to expect store count to be about flat at end of fiscal year 2017 compared with fiscal year 2016​.FY earnings per share view $2.00, revenue view $15.53 billion -- Thomson Reuters I/B/E/S.Gap Inc - ‍ net sales for fiscal year 2017 are expected to be slightly below comparable sales guidance.Q2 earnings per share view $0.52 -- Thomson Reuters I/B/E/S.Gap Inc - ‍company expects to spend about $100 million on share repurchases in Q3 of fiscal year 2017​.


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