
Victoria’s Secret Profit Tripled in Second Quarter Despite Sales Miss
Full-price selling lifted merchandise margins and prompted an upgrade to full-year guidance even as top-line revenue fell short of market expectations.
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14 stories in this topic

Full-price selling lifted merchandise margins and prompted an upgrade to full-year guidance even as top-line revenue fell short of market expectations.

A 9 per cent drop in second-quarter comparable sales and steep declines in North America push the yogawear maker into its second guidance downgrade of the year.

Private label sales climbed 10.3 per cent to account for nearly a fifth of total turnover as the snack retailer defended margins against cross-border shopping competition.

Operating profit rose nearly fourfold to RMB524.7 million as the Chinese teahouse operator cut costs and pushed beyond Greater China.

Outdoor labels Descente and Kolon Sport led expansion with a 44.2 per cent sales surge while the flagship Anta brand grew at a more modest 4.8 per cent pace.

Double-digit revenue and profit gains show budget-conscious consumers continued buying accessories despite tightened household spending.

Chemist Warehouse store expansion and surging demand for GLP-1 treatments pushed full-year earnings past the billion-dollar threshold.

Operating revenue reached 1,654 million baht as the Bangkok-listed lifestyle chain added 37 stores and weighed expansion into neighbouring Southeast Asian markets.

Revenue rose 17.6 per cent to $938.8 million on rapid network rollout and double-digit sales gains across the Americas and Europe.

Group EBITDA surged 154 per cent to $774.4 million following higher retail fuel margins and the integration of Liberty Convenience.

Parent company SM Prime generated 71.7 billion pesos in first-half revenue across its network of 90 Philippine shopping malls.

Underlying profit reached $34.6 million as the Australian retailer cut net debt by $20 million to $47.6 million.

Full-year sales rose 1.3 per cent to $12.2 billion at Australia’s largest liquor merchant, but deep discounting at Dan Murphy’s and BWS eroded operating profit.

Group revenue rose 23.8 per cent to RMB17.17 billion in the first half, supported by double-digit sales growth across mainland China.
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