US workwear retailer's fiscal Q2 sales fell 7.8% yr/yr
Net income, adjusted EPS for Q2 rose, helped by $16.3 mln tariff refunds
Company raised full-year adjusted EBITDA outlook, affirms sales guidance
Result drivers
Tariff refunds - $16.3 mln in tariff refunds contributed to net income and gross margin expansion
Inventory discipline - 15.5% reduction in inventory improved working capital
Higher prices, lower promotions - Gross margin expansion driven by higher average unit retail prices from reduced promotional activity and improved product costs via direct to factory sourcing
