shares slipped lower in pre-market trading after the iconic clothing maker slashed its full-year profit forecasts, citing a pullback in consumer spending, following weaker-than-expected third quarter sales.
Gross margins were also hit, falling 1.3% to 55.6%, thanks in part to deeper promotions needed to shift inventory that piled up as a result of a warmer-than-expected summer that slowed store traffic and higher product costs. “In the third quarter, we delivered double-digit growth in our direct-to-consumer business, driven by strong comp-store gains, which helped offset continued softness in the wholesale channel, primarily in the U.S.,” said CEO Chip Bergh.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: