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qwant news | Abercrombie & Fitch Q1 2026 Earnings Call Transcript - Abercrombie & Fitch (NYSE:ANF)
AI generated summary, Read the full article for complete information.
Abercrombie & Fitch reported a record first‑quarter FY 2026 net sales of $1.1 billion, up 2 % year‑over‑year, with operating margin of 8 % and earnings per share of $1.47, and returned $105 million to shareholders via a 3 % share‑repurchase program. Sales grew strongly in the Americas (+3 %) and especially in APAC (+24 %), while EMEA fell 10 % as regional conflicts in the Middle East suppressed demand. The company highlighted the successful rollout of an upgraded merchandising ERP, continued investments in marketing, digital channels, new store openings (including a flagship Soho location), and brand collaborations such as the Sperry partnership, while noting progress on AI initiatives to improve forecasting and customer experience. Management reaffirmed its full‑year outlook of 3‑5 % net‑sales growth, operating margins of 12‑12.5 %, and diluted EPS of $10.2‑$11, with plans for approximately 130 new store projects, $225 million in capital expenditures, and $450 million of share repurchases, while navigating tariff, freight and geopolitical headwinds.
qwant news | Full Transcript: Capri Holdings Q4 2026 Earnings Call - Capri Holdings (NYSE:CPRI)
AI generated summary, Read the full article for complete information.
Capri Holdings reported a 4 % decline in FY 2026 Q4 revenue to $796 million, but widened gross margin by 490 basis points to 64.8 % as it phased in strategic initiatives to boost brand desirability, storytelling and product innovation for Michael Kors and Jimmy Choo. Michael Kors saw a 5 % revenue drop but posted higher full‑price sell‑through, improved AURs and stronger consumer engagement, supported by store‑renovation programs and a data‑analytics‑driven customer experience; Jimmy Choo posted a 5 % revenue increase and is on track to return to profitability in FY 2027. The company expects low‑single‑digit revenue growth for FY 2027, a 200‑basis‑point gross‑margin expansion, a 60 % rise in operating income and a 40 % EPS increase, while repurchasing $79 million of shares in Q4 and planning $200 million more in FY 2027, financing further store renovations and brand‑building initiatives.
Home - CBSNews.com | BP ousts recently appointed chair over "conduct issues"
AI generated summary, Read the full article for complete information.
BP abruptly removed its chair, Albert Manifold, on Tuesday after the board identified “serious governance and conduct concerns,” ending his tenure less than a year after his appointment. The board voted unanimously to remove Manifold as both chair and director, with senior independent director Amanda Blanc describing the issues as “unacceptable.” BP named Ian Tyler—chair of Grafton Group and a BP board member since April 2025—as interim chair while it begins a search for a permanent replacement. Manifold, formerly the head of Dublin‑based CRH, had been hired to help steer BP amid a downturn; the company’s 2025 earnings fell 16% to $7.49 billion as Brent crude prices dropped nearly 17%, and its shares slid about 5% on the NYSE following the announcement.
Read more: https://www.cbsnews.com/news/bp-chair-albert-manifold-removed-governance-conduct-concerns/
#BP #AlbertManifold #AmandaBlanc #IanTyler #NYSE #MeganCerullo
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