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Tag: outlook cuts
Abercrombie & Fitch cuts outlook as Q3 profit slides
2014-12-03 16:11:00| Daily apparel & textile news and comment - from just-style.com
US teen apparel retailer Abercrombie & Fitch has cut its full-year outlook and revealed a drop in third-quarter earnings driven by weak traffic, a highly promotional environment and a challenging international business.
Tags: profit
outlook
cuts
slides
Macy's cuts outlook despite Q3 profit boost
2014-11-12 16:00:00| Daily apparel & textile news and comment - from just-style.com
Department store retailer Macy's has lowered its full-year earnings and sales guidance despite booking a double-digit increase in third-quarter net profit.
Tags: profit
outlook
cuts
boost
Sprint lowers EBITDA outlook, plans 2,000 job cuts
2014-11-04 08:51:00| Telecompaper Headlines
(Telecompaper) Sprint's new CEO has announced plans to reduce operating costs by USD 1.5 billion and cut 2,000 jobs at the operator. The workforce reduction is expected to save USD 400 million a year. The company is also reviewing the rest of its management and plans to add more new candidates, both external and from parent company Softbank. Appointed in August, the new CEO Marcelo Claure aims to reposition Sprint as the 'best value in wireless'. In addition to cutting operating costs, Sprint is working to complete its network upgrade and LTE roll-out, which has been impacting the customer experience and increasing churn. Sprint lost 336,000 retail postpaid customers in Q3. Prepaid customers fell by 20,000, while the operator gained 840,000 wholesale connections. This left it with just over 55 million customers at the end of September. Postpaid ARPU fell to USD 60.24 from USD 61.65 in Q2 and USD 63.48 a year ago. Total revenues fell to USD 8.49 billion from USD 8.68 billion a year earlier, while adjusted EBITDA rose slightly year-on-year to USD 1.386 billion or 18.6 percent of revenue. The company said the loss of customers and pressure on wireless revenue, as well as increased selling costs for new tariff plans, will put pressure on results in the last quarter. Sprint lowered its adjusted EBITDA forecast for 2014 to USD 5.8-5.9 billion from a previous estimate of USD 6.7-6.9 billion.
SuperGroup cuts profit outlook on warmer weather
2014-10-31 10:14:00| Daily apparel & textile news and comment - from just-style.com
Superdry brand owner SuperGroup is offering a cautious outlook for the remainder of the year, cutting its profit guidance, as warmer autumn weather hit sales in the second quarter.
Tags: weather
profit
outlook
cuts
Steve Madden cuts outlook after "disappointing" Q3
2014-10-20 16:33:00| Daily apparel & textile news and comment - from just-style.com
US footwear and accessories specialist Steve Madden has lowered its full-year outlook on the back of "disappointing" third-quarter results.
Tags: steve
outlook
cuts
disappointing
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