🔹 Revenue: $2.53B (Est. $2.54B) 🔴; UP +7% YoY
🔹 EPS: $3.10 (Est. $2.87) 🟢; flat YoY
🔹 Comparable Sales: UP +1% YoY
FY Guidance (lowered):
🔹 Revenue: $10.85B–$11B (Est. $11.20B) 🔴; UP +2–4% YoY
🔹 EPS: $12.77–$12.97 (Est. $14.61) 🔴
Q3 Guidance:
🔹 Revenue: $2.47B–$2.50B (Est. $2.56B) 🔴; UP +3–4% YoY
🔹 EPS: $2.18–$2.23 (Est. $2.90) 🔴"
Other Q2 Metrics:
🔹 Gross Profit: $1.5B; UP +5% YoY
🔹 Gross Margin: 58.5%; DOWN -110 bps YoY
🔹 Operating Income: $523.8M; DOWN -3% YoY
🔹 Operating Margin: 20.7%; DOWN -210 bps YoY
Segment / Regional Results:
🔹 Americas Revenue: UP +1% YoY
🔹 International Revenue: UP +22% YoY (20% constant currency)
🔹 Americas Comparable Sales: DOWN -4% YoY (-3% constant currency)
🔹 International Comparable Sales: UP +15% YoY (13% constant currency)
Other Metrics:
🔹 Tax Rate: 30.5% (vs. 29.6% prior year)
🔹 Cash & Equivalents: $1.2B
🔹 Inventories: $1.7B; UP +21% YoY (units +13% YoY)
🔹 Share Repurchases: 1.1M shares for $278.5M
🔹 Store Count: 784 (added 14 net new in Q2)
CEO Commentary:
🔸 “We continued to see positive momentum internationally, but are disappointed with U.S. results and product execution.”
🔸 “We are taking actions to strengthen our merchandise mix and accelerate our business.”
🔸 “We remain confident in our long-term growth opportunity.”
CFO Commentary:
🔸 “EPS exceeded expectations, but revenue fell short, driven by U.S. weakness and higher tariffs.”
🔸 “We revised our FY outlook to reflect these dynamics, while maintaining financial discipline and growth investments.”