""consumer distraction due to world events""
""the direct consumer continues to be a little bit more price sensitive than our retail consumer.""
""We have not yet seen the return of the strong full-price customer we saw earlier this year.""
""significantly improved initial margins as well as lower markdown rates at all brands.""
J.Jill reported Q3 revenue down 0.5% and earnings down 25%, with gross margin contracting 60 basis points to 71.4% due to elevated freight costs and additional markdowns. Direct-channel customers showed increased price sensitivity and shifted into markdowns, while bottoms benefited from a Ponte Pant campaign and dresses remained soft. Urban Outfitters posted 12.3% revenue growth, 16.4% earnings growth, a gross profit rate gain of over 500 basis points, and operating income up 90% to $109 million on record $1.3 billion quarterly revenue. Nuuly rental revenue grew 86% and core brands delivered 6% retail comps, illustrating portfolio diversification and improved product margins versus single-brand vulnerability.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]