First, Ralph Lauren saw stronger results from Europe and Asia compared to other retail players. Second, its gross margins and operating profit margins are up year over year, which Sozzi calls a"really interesting sign," as it the company was able to grow its profit margins in a very promotional environment. Finally, Ralph Lauren saw mixed results in its North America business. Same-store sales in physical stores rose 3% while e-commerce fell 4% and wholesale fell 13%.
And then you look at perhaps one reason why inventory level down 13% over a year immediately signals to me companies not dealing with any inventory challenges.And last but not least if you were going to ding the company on anything, it was mixed results out of the North America business.But that wholesale business, those sales down 30%.
Well, but I think the big question saz is, are they going to be immune to the consumer headwinds that are so clearly emerging here? I encourage everyone, the millions of people that watch Yahoo Finance to read that story because I think that really explain some of the weakness we're seeing, uh, out of, uh Disney.He didn't want to come out and say, uh that consumers are pulling back or resisting against prices.
Family and friends of Quincy Hall looked on as he came from behind to win Wednesday's men's 400 meter race in Paris.The Briton was forced to settle for silver, as American Quincy Hall produced the fourth-fastest time in history to steal goldDow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. Robinhood Markets and HubSpot were key earnings late. The stock market opened solidly higher Wednesday, but gains faded and turned into losses.
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