Foot Locker reported first-quarter results declined against challenging year-ago comparisons but earnings topped Wall Street estimates. Foot Locker now expects earnings and sales for the year to arrive at the upper end of revenue and earnings guidance. (Read More)
Ross Stores, Inc. reduced its guidance for sales and earnings in the full year due to a shortfall in same-store sales in the first quarter. (Read More)
Deckers Brands reported earnings vaulted 106 percent in the fiscal fourth quarter ended March 31 as sales gained 31.2 percent. Sales gained 24.7 for Ugg and 59.7 percent for Hoka One One. Sales for the year grew 24 percent and the company guided FY23 growth to be in the range of 10 percent to 11 percent. (Read More)
VF Corp. reported sales rose 12 percent on a currency-neutral basis in the fiscal fourth quarter ended April 2 with sales ahead 24 percent for The North Face and 2 percent for Vans. Earnings per share were ahead 67 percent with both earnings and sales in line with Wall Street targets. For the current fiscal year, VF's revenue is expected to climb at least 7 percent in constant dollars with low double-digit growth at The North Face and mid-single-digit growth at Vans. (Read More)
Canada Goose Holdings Inc forecast annual earnings and revenue above Wall Street expectations after reporting a surprise fiscal fourth-quarter profit. (Read More)
Kohl's reported earnings in the first quarter came in well below Wall Street's targets as same-store sales fell 5.2 percent. The retailer significantly lowered its guidance for the year. (Read More)
Kohl’s Corp. announced in a regulatory filing Wednesday that Chief Marketing Officer Greg Revelle is departing in June and Chief Merchandising Officer Doug Howe will leave immediately. (Read More)
Under Armour, Inc. announced that Patrik Frisk will step down as president and CEO and as a member of its Board of Directors effective June 1, 2022. The board has initiated an internal and external search for Frisk's replacement. Colin Browne, Under Armour's COO, has taken the helm as interim president and CEO effective June 1, 2022. (Read More)
