Diluted EPS at the company, which has brands like Men's Warehouse, Jos. A. Bank and Moores in its portfolio, was down to $0.51 as against $0.98 in the prior fiscal's second quarter.
Total net sales declined marginally by 1.1 per cent year on year or $10.4 million, to $909.7 million in the second quarter of fiscal 2017. Of this, retail segment net sales decreased 3.4 per cent, while corporate apparel sales surged 30.0 per cent over the fiscal ago quarter.
As a percent of sales, total gross margin dropped 40 basis points to 45.1 per cent of net sales, mainly from the impact of clearance activity as Tailored Brands exited the factory/outlet business.
Operating income for the quarter under review stood at $59.6 million, also down from operating income of $98.1 million in the second quarter of fiscal 2016. (AR)
Fibre2Fashion News Desk – India
Textiles | On 22nd Oct 2016
The Central government is likely to extend the recently approved Rs...
Apparel/Garments | On 22nd Oct 2016
Reebok, a pioneer in the sporting goods industry, has brought sneaker ...
Max Fashion India
‘Traditional high-street retailers are now willing to offer franchisees to ...
Sunil Kumar Sharma
Loknayak JPNSSSG Ltd
'The blend of cotton–linen yarn has high demand in the domestic and...
Bridalwear is not about reds and whites anymore
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
"We should not compare India and the West. There are things we do that...
Apparel/Garments | On 21st Oct 2016