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Lululemon Says Q2 Outlook Reflects Modest Impact From Potential New Tariffs - Conf Call

Thursday, 13 Jun 2019

June 12 (Reuters) - Lululemon Athletica Inc ::OVER THE NEXT 5 YRS EXPECT ANNUAL GROWTH IN CORE WOMEN'S BUSINESS TO BE IN LOW DOUBLE DIGITS- CEO CALVIN MCDONALD, CONF CALL.OVER THE NEXT 5 YEARS, MEN'S IS PLANNED TO GROW AT 20% PER YEAR-CEO.IN Q1 CONTINUED TO SEE ROBUST PERFORMANCE IN WOMEN'S BUSINESS WITH PARTICULAR STRENGTH IN BOTTOMS, COMPS UP OVER 19% DRIVEN BY BOTH LEGGINGS AND JOGGER STYLES.OUR Q2 GUIDANCE REFLECTS A MODEST IMPACT FROM POTENTIAL NEW TARIFFS - PATRICK GUIDO, CFO.Q2 GUIDANCE REFLECTS ADDITIONAL COSTS TO AIRFREIGHT PRODUCTS IN ORDER TO AVOID ANTICIPATED PORT CONGESTION IN ASIA REGION DUE TO PENDING TARIFF INCREASES- CFO.NEGATIVE IMPACT OF THESE COSTS WILL BE ABOUT 20 TO 25 BASIS POINTS WITHIN GROSS MARGIN & ABOUT $0.04 TO $0.05 ON EPS FOR FY 2019-CFO.MOST OF THE IMPACT WOULD COME IN THE BACK HALF OF THE YEAR WITH THE MAJORITY IN Q3.

Destination Maternity Reports Q1 Results

Thursday, 13 Jun 2019

June 12 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY REPORTS FIRST QUARTER FISCAL 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.04.Q1 EARNINGS PER SHARE $0.01.Q1 SALES FELL 8.7 PERCENT TO $94.2 MILLION.Q1 SAME STORE SALES FELL 7.2 PERCENT.MARLA RYAN, BY MUTUAL AGREEMENT WITH BOARD, WILL STEP DOWN AS CHIEF EXECUTIVE OFFICER, EFFECTIVE JUNE 13.BOARD HAS CREATED AN OFFICE OF CEO ON AN INTERIM BASIS.BOARD IS NOW CONDUCTING A COMPREHENSIVE REVIEW OF COMPANY'S STRATEGIC INITIATIVES.DESTINATION MATERNITY - FOR FY 2019, NOW EXPECTS ANNUAL ADJUSTED EBITDA GUIDANCE TO BE IN $13 MILLION TO $17 MILLION RANGE.

Destination Maternity Corporation Announces Senior Leadership Transition And Appoints New Board Member

Thursday, 13 Jun 2019

June 12 (Reuters) - Destination Maternity Corp ::DESTINATION MATERNITY CORPORATION ANNOUNCES SENIOR LEADERSHIP TRANSITION AND APPOINTS NEW BOARD MEMBER.DESTINATION MATERNITY CORP - BOARD INITIATES CEO SEARCH.DESTINATION MATERNITY CORP - COMPANY ADDS GENE DAVIS TO BOARD OF DIRECTORS.DESTINATION MATERNITY CORP - LISA GAVALES NAMED CHAIR OF NEWLY CREATED INTERIM OFFICE OF CEO.DESTINATION MATERNITY CORP - UPON APPOINTMENT, DAVIS WILL SERVE AS CHAIRMAN OF DESTINATION MATERNITY BOARD OF DIRECTORS.

Oxford Industries Inc Reports Q1 Results

Thursday, 13 Jun 2019

June 12 (Reuters) - Oxford Industries Inc ::OXFORD: OWNER OF TOMMY BAHAMA, LILLY PULITZER AND SOUTHERN TIDE REPORTS FIRST QUARTER FISCAL 2019 RESULTS.SEES Q2 2019 ADJUSTED EARNINGS PER SHARE $1.80 TO $1.90.SEES Q2 GAAP EARNINGS PER SHARE $1.79 TO $1.89.SEES FY 2019 GAAP EARNINGS PER SHARE $4.42 TO $4.62.Q1 ADJUSTED EARNINGS PER SHARE $1.30.Q1 GAAP EARNINGS PER SHARE $1.29.Q1 SALES $282 MILLION VERSUS REFINITIV IBES ESTIMATE OF $276.8 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.21 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $4.45 TO $4.65.QTRLY CONSOLIDATED COMPARABLE SALES INCREASE 2%.AFFIRMS FULL-YEAR GUIDANCE."PROPOSED CHINA TARIFFS HAVE CREATED SOME NEAR-TERM UNCERTAINTY IN MARKETPLACE".INVENTORY WAS $157.2 MILLION AT MAY 4, 2019 COMPARED TO $132.3 MILLION AT END OF Q1 OF FISCAL 2018.FOR Q2 OF FISCAL 2019 EXPECTS NET SALES TO BE BETWEEN $300 MILLION AND $310 MILLION.OXFORD INDUSTRIES - CO'S Q3 EXPECTED TO REMAIN SMALLEST SALES & EARNINGS QUARTER DUE TO SEASONALITY OF TOMMY BAHAMA, LILLY PULITZER DIRECT TO CONSUMER OPERATIONS.EXPECTS Q3 EARNINGS TO BE COMPARABLE TO Q3 OF FISCAL 2018.EXPECTS TO SEE MEANINGFUL EARNINGS GROWTH IN Q4.CAPITAL EXPENDITURES IN FISCAL 2019 ARE EXPECTED TO BE BETWEEN $45 MILLION AND $50 MILLION.OXFORD - "CONTINUES TO MITIGATE RISKS FROM POTENTIAL TARIFF INCREASES ON APPAREL, RELATED PRODUCTS MADE IN CHINA BY SHIFTING PRODUCTION OUT OF CHINA".

Lululemon Athletica Inc Reports Q1 Results

Thursday, 13 Jun 2019

June 12 (Reuters) - Lululemon Athletica Inc ::. ANNOUNCES FIRST QUARTER FISCAL 2019 RESULTS.Q1 EARNINGS PER SHARE $0.74.SEES FY 2019 REVENUE $3.73 BILLION TO $3.77 BILLION.SEES Q2 2019 REVENUE $825 MILLION TO $835 MILLION.Q1 REVENUE ROSE 20 PERCENT TO $782 MILLION.Q1 REVENUE ESTIMATE $586 MILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE ESTIMATE $0.40 -- REFINITIV IBES DATA.SEES Q2 2019 EARNINGS PER SHARE $0.86 TO $0.88.SEES FY 2019 EARNINGS PER SHARE $4.51 TO $4.58.FOR Q2 FISCAL 2019, EXPECT TOTAL COMPARABLE SALES INCREASE IN LOW DOUBLE DIGITS ON A CONSTANT DOLLAR BASIS.BASED ON A SHIFTED CALENDAR, QTRLY TOTAL COMPARABLE SALES INCREASED 14%, OR UP 16% ON A CONSTANT DOLLAR BASIS.LULULEMON ATHLETICA - INVENTORIES AT END OF Q1 FISCAL 2019 INCREASED 19% TO $443.0 MILLION COMPARED TO $373.4 MILLION AT END OF Q1 FISCAL 2018.LULULEMON ATHLETICA - FOR FULL FISCAL 2019, NOW EXPECT TOTAL COMPARABLE SALES INCREASE IN LOW DOUBLE DIGITS ON A CONSTANT DOLLAR BASIS.

Lululemon Athletica Q1 Earnings Per Share $0.74

Thursday, 13 Jun 2019

June 12 (Reuters) - Lululemon Athletica Inc ::LULULEMON ATHLETICA INC ANNOUNCES FIRST QUARTER FISCAL 2019 RESULTS.Q1 EARNINGS PER SHARE $0.74.SEES FY 2019 REVENUE $3.73 BILLION TO $3.77 BILLION.SEES Q2 2019 REVENUE $825 MILLION TO $835 MILLION.Q1 REVENUE ROSE 20 PERCENT TO $782 MILLION.SEES Q2 2019 EARNINGS PER SHARE $0.86 TO $0.88.SEES FY 2019 EARNINGS PER SHARE $4.51 TO $4.58.FOR Q2 FISCAL 2019, EXPECT TOTAL COMPARABLE SALES INCREASE IN LOW DOUBLE DIGITS ON A CONSTANT DOLLAR BASIS.BASED ON A SHIFTED CALENDAR, QTRLY TOTAL COMPARABLE SALES INCREASED 14%, OR UP 16% ON A CONSTANT DOLLAR BASIS.LULULEMON ATHLETICA - INVENTORIES AT END OF Q1 FISCAL 2019 INCREASED 19% TO $443.0 MILLION COMPARED TO $373.4 MILLION AT END OF Q1 FISCAL 2018.LULULEMON ATHLETICA - FOR FULL FISCAL 2019, NOW EXPECT TOTAL COMPARABLE SALES INCREASE IN LOW DOUBLE DIGITS ON A CONSTANT DOLLAR BASIS.Q2 EARNINGS PER SHARE VIEW $0.88, REVENUE VIEW $834.4 MILLION -- REFINITIV IBES DATA.FY EARNINGS PER SHARE VIEW $4.62, REVENUE VIEW $3.77 BILLION -- REFINITIV IBES DATA.Q1 REVENUE ESTIMATE $755.3 MILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE ESTIMATE $0.70 -- REFINITIV IBES DATA.

Crystal International To Increase Pace Of Program Of Reallocation Of Capacity From PRC To Non-PRC Bases

Wednesday, 12 Jun 2019

June 12 (Reuters) - Crystal International Group Ltd <2232.HK>::COMPANY HAS RECENTLY CONCLUDED ITS REVIEW OF ITS MULTI-COUNTRY PRODUCTION PLATFORM.DECIDED TO INCREASE PACE OF PROGRAM OF REALLOCATION OF CAPACITY FROM PRC TO NON-PRC PRODUCTION BASES.PLANS TO INCREASE ITS PRODUCTION CAPACITY IN ITS NON-PRC PRODUCTION BASES, PARTICULARLY VIETNAM.GROUP'S DENIM DIVISION WILL BE MOST AFFECTED BECAUSE ITS PRODUCTION HAS BEEN CONCENTRATED IN PRC.PLANS TO CONTINUE REDUCE PRODUCTION CAPACITY IN PRC, EXPECTED TO RESULT IN ONE-OFF COSTS OF ABOUT US$14 MILLION IN FIRST HALF 2019.FOLLOWING REALLOCATION , EXPECTS REVENUE FROM PRC PRODUCTION BASE TO US MARKET WILL DECREASE TO 6% IN SECOND HALF OF 2019.

Quiz Says FY Group Revenue £130.8 Mln

Tuesday, 11 Jun 2019

June 11 (Reuters) - QUIZ PLC ::FY GROUP REVENUE £130.8M VERSUS £116.4M.FY UNDERLYING PROFIT BEFORE TAX £0.6M VERSUS £9.6M.FY PROFIT BEFORE TAX £0.2M VERSUS £8.5M.FY DIVIDEND PER SHARE 1.20P.GROSS COST SAVINGS OF £2-3 MILLION TARGETED IN MEDIUM TERM.GOING FORWARD, A MAJOR FOCUS WILL BE ON STABILISING UK'S TRADING PERFORMANCE.

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