Consumer Discretionary
Apparel Retail
$140.35B
349K
Key insights and themes extracted from this filing
The company reported a 6% increase in net sales, rising to $12.5 billion for the first quarter of fiscal 2025, compared to $11.8 billion in the same period last year. This growth was driven by both a 3% increase in comp store sales and a 3% increase from non-comp store sales.
Diluted earnings per share increased to $0.93 for the first quarter of fiscal 2025, compared to $0.76 for the same period in fiscal 2024. This represents a substantial improvement in profitability.
The pre-tax profit margin increased to 11.1% for the first quarter of fiscal 2025, an 0.8 percentage point increase compared to 10.3% in the first quarter of fiscal 2024, indicating improved profitability.