Retail segment growth - Comparable net sales increased across all brands, driven by high single-digit digital sales growth and mid single-digit retail store sales growth.
Subscription segment expansion - Subscription segment net sales rose 28.6%, mainly due to a 30.4% increase in average active subscribers.
Wholesale segment sales - Wholesale segment net sales increased 18.6%, led by FP Group sales to specialty customers and department stores.
Outlook and key details
The company did not provide specific guidance for future quarters or the full year.
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.66 bln
$1.63 bln (10 Analysts)
Q2 Adjusted EPS
$1.72
Q2 EPS
$2.78
Q2 Net Income
$240.65 mln
Q2 Gross Profit
$721.55 mln
Q2 Operating Income
$288.74 mln
Q2 Pretax Profit
$298.54 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the apparel and accessories retailers peer group is "buy".
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