The Coresight Research Corporate and Financial Developments Databank includes details of management changes, financial guidance updates and capital raised by major retail companies. Several of these metrics are tracked for companies in the Coresight 100, our focus list of retailers and brand owners, spanning the Americas, Europe, Asia and Australia. The Coresight 100 list was updated in January 2025 and this Databank tracks the latest list from the week of January 27, 2025. Our data analysts regularly check for relevant company updates. The Corporate and Financial Developments Databank includes: Management Changes at Selected Major Retail Companies: Changes of leadership at Coresight 100 companies, from the beginning of the Covid-19 outbreak. Financial Guidance Updates by Selected Major Retail Companies: Details of financial guidance revision and withdrawal by Coresight 100 companies. Capital Raising by Selected Major Retail Companies: Details of debt and equity raising actions by Coresight 100 companies. Layoff Announcements by Major Retail Companies: Details of plans to lay off staff by major retail companies worldwide, from the beginning of the Covid-19 outbreak. Layoff Announcements by Major Tech Companies: Details of plans to lay off staff by major technology companies worldwide, from October 2022. Furlough Announcements by Major Retail Companies (Archived): Details of plans to furlough staff by major retail companies during the height of the Covid-19 crisis; now archived. Management Changes at Selected Major Retail Companies Company Name Date of Announcement Date of Change Name Leave/Join Company (From) Title (From) Company (To) Title (To) PUMA SE 4/8/2025 Apr 2025 Bob Philion Leave PUMA SE President and CEO (North America) - - PUMA SE 4/8/2025 Apr 2025 Tara McRae - PUMA SE SVP (Brand and Strategy) PUMA SE President (North America) CVS Health Corporation 4/8/2025 5/19/2025 Amy Compton-Phillips Join Press Ganey President and Chief Physician Executive CVS Health Corporation EVP and Chief Medical Officer CVS Health Corporation 4/8/2025 5/12/2025 Tom Cowhey - CVS Health Corporation EVP and Chief Financial Officer CVS Health Corporation Strategic Advisor to the President and CEO CVS Health Corporation 4/8/2025 4/21/2025 Brian Newman Join UPS EVP and Chief Financial Officer CVS Health Corporation EVP and Chief Financial Officer Designate Coupang, Inc. 4/4/2025 Apr 2025 Sandeep Karwa Join Flipkart Vice President (Flipkart Ads Platform) Coupang, Inc. Country Head (Taiwan) Guess?, Inc. 4/3/2025 June 2025 Alberto Toni Join Flos B&B Italia Group S.p.A. Managing Director and CFO Guess?, Inc. CFO PUMA SE 4/3/2025 4/11/2025 Arne Freundt Leave PUMA SE CEO - - PUMA SE 4/3/2025 7/1/2025 Arthur Hoeld Join Adidas AG Chief Sales Officer PUMA SE CEO PUMA SE 4/3/2025 4/1/2025 Matthias Bäumer - PUMA SE VP (Business Unit Teamsport) PUMA SE Chief Commercial Officer VF Corporation 4/3/2025 4/3/2025 Abhishek Dalmia - VF Corporation EVP and Chief Strategy, Transformation and Digital Officer V.F. Corporation EVP, COO and Principal Operating Officer Kohl’s Corporation 4/1/2025 4/2/2025 Siobhán Mc Feeney Leave Kohl’s Corporation Chief Technology and Digital Officer - - Macy’s Inc. 4/1/2025 6/21/2025 Adrian Mitchell Leave Macy’s Inc. COO and CFO - - Macy’s Inc. 4/1/2025 6/22/2025 Thomas J. Edwards Join Capri Holdings Limited COO and CFO Macy’s Inc. COO and CFO PepsiCo 3/31/2025 4/7/2025 Mark Kirkham - PepsiCo SVP (Sparkling Beverages North America) PepsiCo Chief Marketing Officer (Beverages US) Foot Locker, Inc. 3/26/2025 3/26/2025 Franklin Bracken - Foot Locker, Inc. EVP and Chief Commercial Officer Foot Locker, Inc. President Macy’s Inc. 3/24/2025 24/03/2025 Daniel Leppo - Macy’s Inc. SVP and General Merchandising Manager (Bloomingdale’s) Macy’s Inc. SVP and General Merchandising Manager Capri Holdings Limited 3/13/2025 4/1/2025 Dario Vitale Join Miu Miu Design and Image Director Capri Holdings Limited Chief Creative Officer (Versace) Capri Holdings Limited 3/13/2025 4/1/2025 Donatella Versace - Capri Holdings Limited Chief Creative Officer (Versace) Capri Holdings Limited Chief Brand Ambassador (Versace) Ulta Beauty, Inc. 3/13/2025 Late spring 2025 Jodi Caro Leave Ulta Beauty, Inc. General Counsel, Chief Risk & Compliance Officer and Corporate Secretary - - PVH Corp. 3/11/2025 5/1/2025 Erik Graf - PVH Corp. SVP, External Reporting and Accounting PVH Corp. EVP, Corporate Controller (Principal Accounting Officer) PVH Corp. 3/11/2025 4/30/2025 James Holmes Leave PVH Corp. EVP, Controller (Principal Accounting Officer) - - The Kroger Co. 3/11/2025 3/11/2025 Yael Cosset - The Kroger Co. SVP and Chief Information Officer The Kroger Co. EVP and Chief Digital Officer Crocs, Inc 3/3/2025 5/1/2025 Adam Michaels Leave Crocs, Inc EVP and Chief Digital Officer - - Dollar Tree, Inc. 3/5/2025 3/30/2025 Stewart Glendinning - Dollar Tree, Inc. Chief Transformation Officer Dollar Tree, Inc. CFO The Home Depot 3/4/2025 Mar 2025 Vinod Nalajala - The Home Depot VP (Human Resources and Communications) The Home Depot President (Human Resources and Communications) The Home Depot 3/4/2025 6/6/2025 Tim Hourigan Leave The Home Depot EVP (Human Resources) - - The Home Depot 3/4/2025 Mar 2025 Stephanie Smith - The Home Depot SVP (Supply chain) The Home Depot EVP (Human Resources) The Home Depot 3/4/2025 Mar 2025 Michael Rowe - The Home Depot Divison President The Home Depot EVP (Pro Services & Contractor Supply) Albertsons Companies, Inc. 3/3/2025 5/1/2025 Vivek Sankaran Leave Albertsons Companies, Inc. CEO - - Albertsons Companies, Inc. 3/3/2025 5/1/2025 Susan Morris - Albertsons Companies, Inc. EVP and COO Albertsons Companies, Inc. CEO The Kroger Co. 3/3/2025 3/3/2025 Ronald Sargent - The Kroger Co. Director The Kroger Co. Chairman and Interim CEO The Kroger Co. 3/3/2025 3/3/2025 Rodney McMullen Leave The Kroger Co. Chairman and Interim CEO - - Mondelez International, Inc 2/28/2025 Feb 2025 Norberto Chaclin - Mondelez International, Inc SVP of R&D for Global Biscuits and Regional R&D Partner for North America Mondelez International, Inc EVP and Chief R&D Officer Unilever PLC 2/25/2025 3/1/2025 Fernando Fernandez - Unilever PLC CFO and Executive Director Unilever PLC CEO Unilever PLC 2/25/2025 3/1/2025 Hein Schumacher Leave Unilever PLC CEO - - Ross Stores, Inc 2/20/2025 10/1/2025 Bill Sheehan - Ross Stores, Inc SVP (Finance) Ross Stores, Inc SVP (Finance) and Deputy CFO Ross Stores, Inc 2/20/2025 9/30/2025 Adam Orvos Leave Ross Stores, Inc EVP and CFO - - Petco Health and Wellness Company, Inc 2/18/2025 2/24/2025 Jack Stout Join 7-Eleven, Inc. EVP and CMO Petco Health and Wellness Company, Inc CMO Petco Health and Wellness Company, Inc 2/18/2025 2/24/2025 Michael Romanko Join Five Below, Inc. Chief Merchandising and Marketing Officer Petco Health and Wellness Company, Inc Chief Customer and Product Officer Petco Health and Wellness Company, Inc 2/18/2025 2/17/2025 Sabrina Simmons Join Gap Inc. CFO Petco Health and Wellness Company, Inc CFO Marks and Spencer Group plc 2/17/2025 Jan 2025 Richard Davies - Marks and Spencer Group plc Head of Category for Brands Marks and Spencer Group plc International Partnerships Director Marks and Spencer Group plc 2/17/2025 Jan 2025 Victoria Jones Join Clarks (C. & J. Clark International Limited) Chief Product & Merchandising Officer Marks and Spencer Group plc Commercial Director, International Marks and Spencer Group plc 2/17/2025 Apr 2025 Manish Kapoor Join Pepe Jeans London Managing Director and CEO Marks and Spencer Group plc Managing Director for M&S India CVS Health Corporation 2/17/2025 Feb 2025 Edward DeVaney - CVS Health Corporation Interim President of CVS Caremark CVS Health Corporation President of CVS Caremark The Kroger Co. 2/12/2025 4/3/2025 Todd Foley Leave The Kroger Co. Interim CFO - - The Kroger Co. 2/12/2025 4/3/2025 David Kennerley Join PepsiCo SVP and CFO (Europe) The Kroger Co. SVP and CFO Macy’s Inc. 2/7/2025 2/16/2025 Barbie Cameron - Macy’s Inc. SVP, Interim Chief Stores Officer and Regional Director of Stores (East Region) Macy’s Inc. Chief Stores Officer Dollar General Corporation 2/3/2025 2/1/2025 Tracey Herrmann - Dollar General Corporation SVP (Store Operations) Dollar General Corporation EVP (Store Operations) Dollar General Corporation 2/3/2025 2/1/2025 Steve Deckard - Dollar General Corporation EVP (Store Operations & Development) Dollar General Corporation EVP (Strategy & Development) The Estée Lauder Companies Inc. 2/3/2025 4/1/2025 Michael Bowes - The Estée Lauder Companies Inc. SVP (Global Talent) The Estée Lauder Companies Inc. EVP and Chief People Officer The Estée Lauder Companies Inc. 1/31/2025 4/1/2025 Michael O'Hare Leave The Estée Lauder Companies Inc. Executive Vice President and Chief Human Resources Officer - - Kimberly-Clark Corporation 1/28/2025 6/1/2025 Andrew S. Drexler Leave Kimberly-Clark Corporation VP and Controller - - Kimberly-Clark Corporation 1/28/2025 6/1/2025 Andrew Scribner - Kimberly-Clark Corporation CFO (North America) Kimberly-Clark Corporation VP and Controller The Clorox Company 1/28/2025 4/1/2025 Luc Bellet - The Clorox Company VP and Treasurer The Clorox Company VP and CFO The Clorox Company 1/28/2025 4/1/2025 Kevin Jacobsen Leave The Clorox Company CFO - - Floor & Decor Holdings, Inc. 1/28/2025 4/28/2025 Bradley Paulsen Join Rentokil Initial plc CEO (North America) Floor & Decor Holdings, Inc. President Mondelez International, Inc 1/28/2025 2/10/2025 Michael Call, - Mondelez International, Inc Chief Accounting Officer Mondelez International, Inc SVP Finance (North America) Mondelez International, Inc 1/28/2025 2/10/2025 Brian Stevens Join Baxter International SVP, Chief Accounting Officer and Controller Mondelez International, Inc SVP, Corporate Controller and Chief Accounting Officer Ralph Lauren Corporation 1/20/2025 3/1/2025 Mercedes Abramo Join Cartier S.A. Deputy Chief Commercial Officer Ralph Lauren Corporation Regional CEO (North America) Ralph Lauren Corporation 1/20/2025 3/30/2025 Robert Ranftl - Ralph Lauren Corporation Regional CEO (North America) Ralph Lauren Corporation COO Weis Markets, Inc. 1/17/2025 1/13/2025 Robert Gleeson - Weis Markets, Inc. SVP of Merchandising and Marketing Weis Markets, Inc. COO Target Corporation 1/16/2025 2/2/2025 Sarah Travis - Target Corporation SVP of Roundel and Social Commerce Target Corporation EVP and Chief Digital and Revenue Officer Target Corporation 1/16/2025 2/2/2025 Prat Vemana - Target Corporation EVP and Chief Digital and Product Officer Target Corporation Chief Information and Product Officer Target Corporation 1/16/2025 2/2/2025 Brett Craig Leave Target Corporation EVP and Chief Information Officer - - Target Corporation 1/16/2025 2/2/2025 Adrienne Costanzo - Target Corporation SVP of Store Operations Target Corporation EVP and Chief Stores Officer Target Corporation 1/16/2025 3/29/2025 Mark Schindele Leave Target Corporation EVP and Chief Stores Officer - - Dollar Tree, Inc 1/10/2025 01/02/2025 (End of the company's fiscal 2024) Lawrence Gatta, Jr. Leave Dollar Tree, Inc Chief Merchandising Officer (Family Dollar) - - Carter's, Inc. 1/7/2025 1/7/2025 Richard F. Westenberger - Carter's, Inc. Senior Executive VP, CFO and COO Carter's, Inc. Senior Executive EVP, CFO, COO and Interim CEO Carter's, Inc. 1/7/2025 1/7/2025 Michael D. Casey Leave Carter's, Inc. Chairman and CEO - - Columbia Sportswear Company 1/6/2025 1/6/2025 Skip Potter Leave Columbia Sportswear Company EVP and Chief Digital Information Officer - - Ulta Beauty, Inc. 1/6/2025 1/6/2025 Kecia Steelman - Ulta Beauty, Inc. President and Chief Operating Office Ulta Beauty, Inc. President and CEO Ulta Beauty, Inc. 1/6/2025 1/6/2025 Dave Kimbell Leave Ulta Beauty, Inc. CEO - - Dollar Tree, Inc. 12/19/2024 12/19/2024 Michael C. Creedon, Jr. - Dollar Tree, Inc. Interim CEO Dollar Tree, Inc. CEO Ahold Delhaize 12/13/2024 5/1/2025 Meg Ham Leave Ahold Delhaize President (Food Lion) - - Ahold Delhaize 12/13/2024 5/1/2025 Greg Finchum - Ahold Delhaize EVP, Retail Operations (Food Lion) Ahold Delhaize President (Food Lion) Unilever PLC 12/9/2024 1/1/2025 Willem Uijen - Unilever PLC Chief Procurement Officer Unilever PLC Chief Supply Chain Officer Unilever PLC 12/9/2024 1/1/2025 Reginaldo Ecclissato - Unilever PLC Chief Business Operations and Supply Chain Officer Unilever PLC President (One Unilever Markets) Associated British Foods plc 12/6/2024 4/30/2025 Richard Reid Leave Associated British Foods plc Non-Executive Director - - Five Below, Inc. 12/4/2024 12/16/2024 Winnie Park Join Forever 21 CEO Five Below, Inc. CEO Dollar Tree, Inc. 12/4/2024 TBD Jeffrey A. Davis Leave Dollar Tree, Inc. CFO - - CVS Health Corporation 12/3/2024 12/3/2024 Lucille Accetta - CVS Health Corporation SVP & Head of CVS Specialty Operations CVS Health Corporation Chief Pharmacy Officer CVS Health Corporation 12/3/2024 12/3/2024 Len Shankman - CVS Health Corporation SVP and CFO (Pharmacy and Consumer Wellness) CVS Health Corporation President (Pharmacy and Consumer Wellness) Capri Holdings Limited 11/27/2024 TBD Cedric Wilmotte Leave Capri Holdings Limited CEO (Michael Kors) - - Capri Holdings Limited 11/27/2024 TBD Philippa Newma - Capri Holdings Limited President of Accessories and Footwear Capri Holdings Limited Chief Product Officer (Michael Kors) Capri Holdings Limited 11/27/2024 12/2/2024 John D. Idol - Capri Holdings Limited Chairman and CEO Capri Holdings Limited CEO (Michael Kors) Reckitt Benckiser Group 11/25/2024 TBD Dr. Alessio Fasano Join Massachusetts General Hospital Director of the Center for Celiac Research and Treatment Reckitt Benckiser Group Chief Science and Medical Officer Kohl’s Corporation 11/25/2024 1/15/2025 Ashley Buchanan Join The Michaels Companies, Inc. CEO Kohl’s Corporation CEO Kohl’s Corporation 11/25/2024 1/15/2025 Tom Kingsbury Leave Kohl’s Corporation CEO - - NIKE, Inc. 11/25/2024 1/6/2025 Monique Matheson Leave NIKE, Inc. EVP, Chief Human Resources Officer - - NIKE, Inc. 11/25/2024 1/6/2025 Treasure Heinle - NIKE, Inc. Chief Talent Officer NIKE, Inc. EVP and Chief Human Resources Officer The Kroger Co. 11/22/2024 12/31/2024 Mary Ellen Adcock - The Kroger Co. SVP (Operations) The Kroger Co. SVP (Operations), Chief Merchandising and Marketing Officer The Kroger Co. 11/22/2024 12/31/2024 Stuart Aitken Leave The Kroger Co. SVP, Chief Merchandising and Marketing Officer - - CVS Health Corporation 11/19/2024 TBD Mike Pykosz Leave CVS Health Corporation EVP and President (Health Care Delivery) - - CVS Health Corporation 11/19/2024 TBD Dr. Sreekanth Chaguturu - CVS Health Corporation EVP and Chief Medical Officer CVS Health Corporation EVP, Chief Medical Officer and President (Health Care Delivery) Petco Health and Wellness Company, Inc 11/13/2024 11/17/2024 Joe Venezia Join The Michaels Companies, Inc. EVP and Chief Operating Officer (Stores) Petco Health and Wellness Company, Inc Chief Revenue Officer Dollar Tree, Inc. 11/13/2024 11/13/2024 Jason Nordin - Dollar Tree, Inc. Chief of Stores (Dollar Tree Stores) Dollar Tree, Inc. President of Family Dollar Stores Dollar Tree, Inc. 11/13/2024 11/13/2024 Jocelyn Konrad - Dollar Tree, Inc. Chief of Stores (Family Dollar Stores) Dollar Tree, Inc. Chief of Dollar Tree Stores and Enterprise Store Operations Dollar Tree, Inc. 11/13/2024 11/13/2024 Steve Schumacher - Dollar Tree, Inc. Chief People Officer Dollar Tree, Inc. EVP and Chief People Officer BJ's Wholesale Club Holdings, Inc. 11/12/2024 11/12/2024 Jeff Desroches Leave BJ's Wholesale Club Holdings, Inc. EVP and Chief Operations Officer BJ's Wholesale Club Holdings, Inc. - BJ's Wholesale Club Holdings, Inc. 11/12/2024 11/12/2024 Krystyna Kostka - BJ's Wholesale Club Holdings, Inc. SVP (Operations) BJ's Wholesale Club Holdings, Inc. Chief Supply Chain Officer BJ's Wholesale Club Holdings, Inc. 11/12/2024 11/12/2024 Scott Schmadeke - BJ's Wholesale Club Holdings, Inc. SVP (Field and Fresh Operations) BJ's Wholesale Club Holdings, Inc. EVP and Chief Operations Officer Wayfair Inc. 11/7/2024 1/1/2025 Jon Blotner - Wayfair Inc. Chief Commercial Officer Wayfair Inc President (Commercial and Operations) Wayfair Inc. 11/7/2024 By the end of 2024 Dr. Thomas Netze Leave Wayfair Inc. Chief Operating Officer - - CVS Health Corporation 11/6/2024 11/6/2024 Steve Nelson Join ChenMed CEO CVS Health Corporation President (Aetna) CVS Health Corporation 11/6/2024 11/6/2024 Prem Shah - CVS Health Corporation EVP, Chief Pharmacy Officer, and President of Pharmacy and Consumer Wellness (CVS Health) CVS Health Corporation Group President Dollar Tree, Inc. 11/4/2024 11/3/2024 Edward J. Kelly, III - Dollar Tree, Inc. Lead Independent Director Dollar Tree, Inc. Chairman Dollar Tree, Inc. 11/4/2024 11/3/2024 Michael C. Creedon Jr - Dollar Tree, Inc. Chief Operating Officer Dollar Tree, Inc. Interim CEO Dollar Tree, Inc. 11/4/2024 11/3/2024 Rick Dreiling Leave Dollar Tree, Inc. Chairman and CEO - - Boohoo Group plc 11/1/2024 11/1/2024 Dan Finley Join Debenhams CEO Boohoo Group plc CEO NIKE, Inc. 10/30/2024 By the end of 2024 John Slusher Leave NIKE, Inc. EVP, Global Sports Marketing - - NIKE, Inc. 10/30/2024 By the end of 2024 Rob Leinwand - NIKE, Inc. VP and Deputy General Counsel NIKE, Inc. EVP and Chief Legal Officer NIKE, Inc. 10/30/2024 By the end of 2024 Ann Miller - NIKE, Inc. EVP and Chief Legal Officer NIKE, Inc. EVP, Global Sports Marketing The Estee Lauder Companies 10/30/2024 10/30/2024 William P. Lauder Leave The Estee Lauder Companies Executive Chairman - - The Estee Lauder Companies 10/30/2024 1/1/2025 Stéphane de La Faverie - The Estee Lauder Companies Executive Group President The Estee Lauder Companies President and CEO Levi Strauss & Co. 10/28/2024 12/2/2024 Dario Aguilar Join Sephora (Mexico) CEO Levi Strauss & Co. Managing Director (Latin America) Ross Stores, Inc 10/28/2024 2/2/2025 Barbara Rentler Leave Ross Stores, Inc CEO - - Ross Stores, Inc 10/28/2024 12/2/2024 James G. Conroy Join Boot Barn CEO Ross Stores, Inc CEO Columbia Sportswear Company 10/24/2024 9/1/2024 Matt Sutton Join FreshDirect Chief Marketing Officer Columbia Sportswear Company SVP and Head of Marketing (Columbia) Weis Markets, Inc 10/22/2024 10/16/2024 Jack O'Hara - Weis Markets, Inc SVP (Legal Affairs and Real Estate) and Assistant Secretary Weis Markets, Inc SVP (Legal Affairs and Real Estate) and Secretary Weis Markets, Inc 10/22/2024 10/16/2024 Jonathan H. Weis - Weis Markets, Inc Chairman, President and CEO Weis Markets, Inc Chairman, President, CEO and Interim Chief Operating Officer Weis Markets, Inc 10/22/2024 10/16/2024 Kurt A. Schertle Leave Weis Markets, Inc Chief Operating Office and Secretary - - Colgate-Palmolive Company 10/21/2024 12/1/2024 Samir Sing Join Unilever CMO, Chair of Unilever Asia and Head of Unilever Singapore Hub Colgate-Palmolive Company EVP (Marketing ) Asia-Pacific division CVS Health Corporation 10/18/2024 10/17/2024 Karen S. Lynch Leave CVS Health Corporation President and CEO - - CVS Health Corporation 10/18/2024 10/17/2024 David Joyner - CVS Health Corporation EVP (CVS Health) and President (CVS Caremark) CVS Health Corporation President and CEO Boohoo Group plc 10/18/2024 10/18/2024 John Lyttle Leave Boohoo Group plc CEO - - Floor & Decor Holdings, Inc 10/10/2024 12/12/2024 Bryan Langley - Floor & Decor Holdings, Inc EVP and CFO Floor & Decor Holdings, Inc EVP, CFO and Principal Accounting Officer Floor & Decor Holdings, Inc 10/10/2024 12/12/2024 Luke Olson Leave Floor & Decor Holdings, Inc VP, Chief Accounting Officer - - Kering SA 10/8/2024 1/1/2025 Stefano Cantino - Gucci Deputy CEO Gucci CEO Kering SA 10/8/2024 1/1/2025 Jean-François Palus Leave Gucci CEO - - Walgreens Boots Alliance Inc 10/7/2024 10/7/2024 Jason Stenta Join Optum SVP, Payer Sales Walgreens Boots Alliance Inc SVP and Chief Commercial Officer Walgreens Boots Alliance Inc 10/7/2024 10/7/2024 Ramita Tandon - Walgreens Boots Alliance Inc Chief Clinical Trials Officer Walgreens Boots Alliance Inc Chief Biopharma Services Officer Signet Jewelers Limited 10/1/2024 10/1/2024 Joan Hilson - Signet Jewelers Limited Chief Financial, Strategy and Services Officer Signet Jewelers Limited Chief Financial and Operating Officer Signet Jewelers Limited 10/1/2024 11/4/2024 J.K. Symancyk Join PetSmart, Inc CEO Signet Jewelers Limited CEO and Member of the Board Signet Jewelers Limited 10/1/2024 11/4/2024 Virginia Drosos Leave Signet Jewelers Limited CEO and Member of the Board - - The Estée Lauder Companies Inc 9/30/2024 1/1/2025 Tara Simon - The Estée Lauder Companies Inc Global Brand President, West Coast Brands The Estée Lauder Companies Inc President, North America The Estée Lauder Companies Inc 9/30/2024 1/1/2025 Amber English - The Estée Lauder Companies Inc Senior Vice President, E-Commerce/Digital The Estée Lauder Companies Inc President, Digital and Online, North America The Estée Lauder Companies Inc 9/30/2024 6/30/2025 Mark Loomis Leave The Estée Lauder Companies Inc President, North America - - PUMA 9/26/2024 9/30/2024 Hubert Hinterseher Leave PUMA CFO - - PUMA 9/26/2024 12/31/2024 Markus Neubrand Join Guess? CFO PUMA CFO and a member of the Management Board Marks and Spencer Group plc 9/26/2024 12/31/2024 Fiona Dawson - Marks and Spencer Group plc Non-executive Director of the Board Marks and Spencer Group plc Senior Independent Director Chow Tai Fook Jewellery Group Limited 9/26/2024 9/26/2024 Cheng Chi-Kong, Adrian - Chow Tai Fook Jewellery Group Limited CEO, Executive Director and Executive Vice Chairman of the company, Chairman of the Sustainability Committee Chow Tai Fook Jewellery Group Limited Non-executive Director and Non-executive Vice Chairman Chow Tai Fook Jewellery Group Limited 9/26/2024 9/26/2024 Ma Siu-Cheung - Chow Tai Fook Jewellery Group Limited COO Chow Tai Fook Jewellery Group Limited CEO of the company, Chairman of the Sustainability Committee NIKE, Inc. 9/19/2024 10/13/2024 John Donahoe Leave NIKE, Inc. President and CEO - - NIKE, Inc. 9/19/2024 10/14/2024 Elliott Hill Join Travis County Parks Foundation Board President NIKE, Inc. President and CEO Target Corporation 9/19/2024 9/22/2024 Jim Lee Join PepsiCo Deputy CFO Target Corporation CFO Ross Stores, Inc. 9/12/2024 12/1/2024 Karen Sykes - Ross Stores, Inc. EVP, Merchandising for Men’s and Children’s (Ross Dress for Less) Ross Stores, Inc. President and Chief Merchandising Officer (dd’s DISCOUNTS) Ross Stores, Inc. 9/12/2024 12/1/2024 Karen Fleming - Ross Stores, Inc. President and CMO (dd’s DISCOUNTS) Ross Stores, Inc. President and Chief Merchandising Officer (Ross Dress for Less) Under Armour, Inc 9/6/2024 10/1/2024 Eric Aumen - Under Armour, Inc Chief Accounting Officer Under Armour, Inc Principal Accounting Officer PVH Corp. 9/3/2024 4Q24 Fredrik Olsson Join Max Fashion CEO PVH Corp. CEO (EMEA) Floor & Decor Holdings, Inc. 9/3/2024 TBD Trevor Lang Leave Floor & Decor Holdings, Inc. President - - PUMA 8/28/2024 8/28/2024 Indrajeet Sen - PUMA Global Director (Sourcing & Development Footwear) PUMA SVP Group Sourcing Guess?, Inc. 8/19/2024 8/26/2024 Markus Neubrand Leave Guess?, Inc. CFO - - Guess?, Inc. 8/19/2024 8/26/2024 Dennis Secor - Guess?, Inc. EVP (Finance) Guess?, Inc. Interim CFO The Estée Lauder Companies Inc 8/19/2024 12/30/2025 Fabrizio Freda Leave The Estée Lauder Companies Inc CEO and President - - Walgreens Boots Alliance, Inc. 8/16/2024 8/16/2024 Tracey Koller Join Party City Chief Merchandising Officer Walgreens Boots Alliance, Inc. SVP and Chief Merchandising Officer Walgreens Boots Alliance, Inc. 8/16/2024 8/16/2024 Sharmila Sudhakar Join Tailored Brands, Inc. VP and General Manager Walgreens Boots Alliance, Inc. Group Vice President and Head of Digital Commerce CVS Health Corporation 8/14/2024 9/9/2024 Heidi Capozzi Join McDonald's EVP and Global Chief People Officer CVS Health Corporation EVP and Chief People Officer Target Corporation 8/13/2024 8/12/2024 Don Liu Leave Target Corporation Chief Legal and Compliance Officer - - Target Corporation 8/13/2024 8/25/2024 Amy Tu Join Tyson Foods Chief Administrative Officer and Group President(International Markets) Target Corporation Chief Legal and Compliance Officer Qurate Retail, Inc. 8/8/2024 7/31/2024 Mara Sirha Join Saks Fifth Avenue Chief Merchant and Brand Officer Qurate Retail, Inc. Chief Merchandise Officer The Estée Lauder Companies Inc. 8/7/2024 8/19/2024 Rashida La Lande Join The Kraft Heinz Company EVP and Global Chief Legal and Corporate Affairs Officer The Estée Lauder Companies Inc. EVP and General Counsel CVS Health Corporation 8/7/2024 8/7/2024 Brian Kane Leave CVS Health Corporation EVP (CVS Health Corporation) and President (Aetna) - - CVS Health Corporation 8/7/2024 8/7/2024 Katerina Guerraz - CVS Health Corporation EVP and Chief Strategy Officer CVS Health Corporation EVP, Chief Strategy Officer and Chief Operating Officer Under Armour, Inc. 8/6/2024 8/6/2024 Eric Liedtke Join UNLESS COLLECTIVE, INC. CEO and Co-Founder Under Armour, Inc. EVP (Brand Strategy) The Estée Lauder Companies Inc. 7/23/2024 11/1/2024 Akhil Shrivastava - The Estée Lauder Companies Inc. EVP and Corporate Controller The Estée Lauder Companies Inc. EVP and CFO Petco Health and Wellness Company, Inc. 7/17/2024 7/29/2024 Joel D. Anderson Join Five Below, Inc CEO Petco Health and Wellness Company, Inc. CEO Kimberly-Clark Corporation 7/16/2024 7/29/2024 Craig Slavtcheff Join Campbell Soup Company EVP, Chief Research & Development and Innovation Officer Kimberly-Clark Corporation Chief Research and Development Officer Kimberly-Clark Corporation 7/16/2024 7/31/2024 Robert Long Leave Kimberly-Clark Corporation Chief Research and Development Officer - - Five Below, Inc 7/16/2024 7/16/2024 Kenneth Bull - Five Below, Inc Chief Operating Officer Five Below, Inc Interim President and CEO Burberry Group plc 7/15/2024 7/17/2024 Joshua Schulman Join Michael Kors CEO Burberry Group plc CEO Burberry Group plc 7/15/2024 7/15/2024 Jonathan Akeroyd Leave Burberry Group plc CEO - - The Estée Lauder Companies Inc. 7/11/2024 6/30/2025 Tracey T. Travis Leave The Estée Lauder Companies Inc. EVP and Chief Financial Officer - - Macy's, Inc. 7/9/2024 - Keith Credendino - Macy's, Inc. SVP (Technology Product Development and Customer Experience) Macy's, Inc. Chief Information Officer Dollar General Corporation 6/21/2024 - Tony Rogers Join Signet Jewelers Chief Marketing Officer Dollar General Corporation SVP and Chief Marketing Officer Target Corporation 6/25/2024 - Christina Hennington - Target Corporation EVP and Chief Growth Officer Target Corporation Chief Strategy and Growth Officer Target Corporation 6/25/2024 - Rick Gomez - Target Corporation EVP and Chief food, essentials and beauty officer Target Corporation Chief Commercial Officer Target Corporation 6/25/2024 - Lisa Roath - Target Corporation EVP and Chief Marketing Officer Target Corporation Chief Merchandising Officer (Food, Essentials and Beauty) Lowe's Companies, Inc. 6/11/2024 - Jennifer Wilson - Lowe's Companies, Inc. SVP, Enterprise Brand and Marketing Lowe's Companies, Inc. SVP, Chief Marketing Officer Walmart Inc. 6/10/2024 - Jarred Crabtree - Walmart Inc. VP, Enterprise Security Coordination and Support Walmart Inc. VP, Chief Safety Officer Ralph Lauren Corporation 5/23/2024 - Justin Picicci - Ralph Lauren Corporation Enterprise CFO Ralph Lauren Corporation CFO Gildan Activewear Inc 5/23/2024 - Vince Tyra Leave Gildan Activewear Inc. President and CEO - - V.F. Corporation 6/3/2024 - Caroline Brown - V.F. Corporation Member (Board of Directors) V.F. Corporation Global Brand President (The North Face) PVH Corp. 6/4/2024 - Martijn Hagman Leave PVH Corp. CEO (Tommy Hilfiger Global and PVH Europe) - - PVH Corp. 6/4/2024 - Lea Rytz Goldman - PVH Corp. Global President (Tommy Hilfiger) - CEO and Global President (Tommy Hilfiger) PVH Corp. 6/4/2024 - David Savman - PVH Corp. EVP, Chief Supply Chain Officer PVH Corp. EVP, Chief Supply Chain Officer, and Interim CEO (PVH ), Europe Kimberly-Clark Corporation 6/5/2024 - Lisa Morden - Kimberly-Clark Corporation VP (Safety, Sustainability and Occupational Health) Kimberly-Clark Corporation Chief Sustainability Officer Petco Health + Wellness Company, Inc. 5/28/2024 - James Roth Join Abercrombie & Fitch Co. EVP (Stores) Petco Health + Wellness Company, Inc. Chief Stores Officer Petco Health + Wellness Company, Inc. 5/28/2024 - Shari White - Petco Health + Wellness Company, Inc. SVP (Consumables Merchandising & Owned Brand and Petco Global Brands) Petco Health + Wellness Company, Inc. Interim Chief Merchant Marks and Spencer Group plc 5/29/2024 - Alison Dolan Join Rightmove plc CFO Marks and Spencer Group plc CFO Compagnie Financière Richemont Sa 5/16/2024 - Nicolas Bos Join Van Cleef & Arpels President and CEO Compagnie Financière Richemont Sa CEO Kimberly-Clark Corporation 5/20/2024 - Patricia Corsi Join Bayer AG Chief Marketing, Digital & Information Officer Kimberly-Clark Corporation Chief Growth Officer Kimberly-Clark Corporation 5/20/2024 - Alison Lewis Leave Kimberly-Clark Corporation Chief Growth Officer - - Lululemon Athletica Inc 5/21/2024 - Sun Choe Leave Lululemon Athletica Inc. Chief Product Officer - - Lululemon Athletica Inc 5/21/2024 - Jonathan Cheung - SharpEnd Advisor Lululemon Athletica Inc SVP and Global Creative Director Lululemon Athletica Inc 5/21/2024 - Nikki Neuburger - Lululemon Athletica Inc. Chief Brand Officer Lululemon Athletica Inc Chief Brand and Product Activation Officer VF Corporation 5/22/2024 - Paul Vogel Join Spotify Technology S.A. CFO VF Corporation CFO Zalando SE 5/14/2024 - David Schneider - Zalando SE Co-CEO and Co-Founder Zalando SE Co-Founder Zalando SE 5/14/2024 - David Schröder - Zalando SE COO Zalando SE Co-CEO Crocs, Inc 5/7/2024 - Susan Healy Join IAA, Inc. CFO Crocs, Inc EVP and CFO Crocs, Inc 5/7/2024 - Anne Mehlman - Crocs, Inc EVP and CFO Crocs, Inc President Deckers Outdoor Corporation 4/24/2024 - Marco Ellerker - Deckers Outdoor Corporation SVP and General Manager, EMEA, Japan and Asia Pacific Deckers Outdoor Corporation President (Global Marketplace) Levi Strauss & Co 4/11/2024 - Gianluca Flore Join Burberry Group plc Chief Commercial Officer Levi Strauss & Co EVP and Chief Commercial Officer Under Armour, Inc 4/16/2024 - Tchernavia Rocker Leave Under Armour, Inc EVP and Chief People and Administrative Officer - - ASOS Plc 4/17/2024 - Dave Murray Join MatchesFashion CFO ASOS Plc Executive Director and CFO Walmart Inc. 3/25/2024 - Kyle Kinnard - Walmart Inc. SVP and General Merchandise Manager (Home) Walmart Inc. SVP (Neighborhood Market) Dollar General 3/29/2024 - Leslie Allen - Dollar General VP (Retail Human Resources) Dollar General SVP (Human Resources) Dollar General 3/29/2024 - Christine Connolly - Dollar General VP, Corporate Secretary and Assistant General Counsel (Securities & Governance) Dollar General SVP, Corporate Secretary and Assistant General Counsel (Securities and Governance) Dollar General 3/29/2024 - Melanie Cook - Dollar General VP, Assistant General Counsel (Labor and Employment) Dollar General SVP (Assistant General Counsel) Dollar General 3/29/2024 - Brian Haug - Dollar General Vice President (Merchandise Planning) Dollar General SVP (Margin Planning and Analytics) Dollar General 3/29/2024 - Tracey Herrmann Dollar General SVP (Popshelf - Store Operations, Merchandising and Marketing) Dollar General SVP (Store Operations) Dollar General 3/29/2024 - Amanda Martin Join Neiman Marcus Group, Inc. SVP and Chief Supply Chain Officer Dollar General SVP (Distribution) Dollar General 3/29/2024 - Amanda Mathis Join Bridgestone Americas EVP and CFO Dollar General SVP (Finance) Dollar General 3/29/2024 - Pooh Vichidvongsa - Dollar General VP and DMM (Health & Beauty Care) Dollar General SVP (Popshelf) Dollar General 3/29/2024 - Brittany Adams - Dollar General VP (Labor and Employment) Dollar General Senior Director (Labor and Employment Attorney) Dollar General 3/29/2024 - Jason Bates - Dollar General Senior Director (Business Law) Dollar General VP (Business Law) Dollar General 3/29/2024 - Elizabeth Inman - Dollar General Senior Director and Assistant Corporate Secretary Dollar General VP (Assistant Corporate Secretary) Dollar General 3/29/2024 - Kelly Ma - Dollar General Senior Director(Global Sourcing) Dollar General VP (Global Sourcing) Dollar General 3/29/2024 - Matt Metzger - Dollar General Senior Director (Learning and Development) Dollar General VP (Learning and Development) Dollar General 3/29/2024 - Sara Montgomery - Dollar General Senior Director (In-Store Experiences, Emerging Markets) Dollar General VP (Fixtures and Strategic Initiatives) Dollar General 3/29/2024 - Tricia Olson - Dollar General Senior Director (Business Law) Dollar General VP (Business Law) Dollar General 3/29/2024 - Riley Seals - Dollar General Senior Director (Distribution Centers) Dollar General VP (Distribution Centers) Dollar General 3/29/2024 - Mike Smith - Dollar General Senior Director (Market Planning) Dollar General VP (Market Planning) Dollar General 3/29/2024 - Wendy Wiemers - Dollar General Senior Director (Merchandise Planning) Dollar General VP (Merchandise Planning) Burlington Stores, Inc 3/20/2024 - Jeffrey Laub Leave Burlington Stores, Inc SVP and Chief Accounting Officer - - Burlington Stores, Inc 3/20/2024 - Stephen Ferroni - Burlington Stores, Inc VP (Corporate Accounting) Burlington Stores, Inc SVP and Chief Accounting Officer Herbalife Ltd. 3/20/2024 - John DeSimone - Herbalife Ltd. Special Advisor to the CEO Herbalife Ltd. CFO Marks and Spencer Group PLC 3/7/2024 - Katie Bickerstaffe - Marks and Spencer Group PLC Co-CEO Marks and Spencer Group PLC Non-Executive Director Petco Health and Wellness Company, Inc. 3/13/2024 - Michael Mohan - Petco Health and Wellness Company, Inc. Board Memeber Petco Health and Wellness Company, Inc. Interim CEO Petco Health and Wellness Company, Inc. 3/13/2024 - Ron Coughlin Leave Petco Health and Wellness Company, Inc. CEO, Chairman and member of the Board of Directors - - Foot Locker, Inc 3/13/2024 - Cindy Carlisle Join Stryker Corporation Group Vice President of Human Resources Foot Locker, Inc EVP and Chief Human Resources Officer Under Armour, Inc 3/13/2024 - Kevin Plank - Under Armour, Inc Founder, Executive Chair and Brand Chief Under Armour, Inc President and CEO Under Armour, Inc 3/13/2024 - Stephanie Linnartz Leave Under Armour, Inc President, CEO and member of the Board - - Unilever PLC 3/4/2024 - Heiko Schipper Join Bayer AG President (Bayer Consumer Health) Unilever PLC President (Nutrition Business Group) Floor & Decor Holdings, Inc. 2/22/2024 - David Christopherson - Floor & Decor Holdings, Inc. EVP, Secretary and General Counsel Floor & Decor Holdings, Inc. EVP, Chief Administrative Officer and Chief Legal Officer Walgreens Boots Alliance, Inc 2/26/2024 - Lanesha Minnix Join Ecolab, Inc EVP and General Counsel Walgreens Boots Alliance, Inc EVP and Global Chief Legal Officer Woolworths Group 2/20/2024 - Brad Banducci Leave Woolworths Group CEO - - Woolworths Group 2/20/2024 - Amanda Bardwell - Woolworths Group MD (WooliesX) Woolworths Group CEO PUMA 2/8/2024 - Julie Legrand Join H & M Hennes & Mauritz AB (publ) Global Brand Director PUMA Senior Director (Global Brand Strategy) Walgreens Boots Alliance, Inc 2/8/2024 - Manmohan Mahajan - Walgreens Boots Alliance, Inc SVP and Interim Global CFO Walgreens Boots Alliance, Inc EVP and Global CFO Weis Markets, Inc. 2/9/2024 - Harold G. Graber Leave Weis Markets, Inc. SVP (Real Estate and Development) - - Weis Markets, Inc. 2/9/2024 - John F. O’Hara - Weis Markets, Inc. VP (Legal Affairs and Real Estate) and Assistant Secretary Weis Markets, Inc. SVP (Legal Affairs and Real Estate) and Assistant Secretary Weis Markets, Inc. 2/9/2024 - Kurt Schertle - Weis Markets, Inc. COO Weis Markets, Inc. COO and Secretary Deckers Outdoor Corporation 2/12/2024 - Robin Green Join NIKE, Inc. Global VP (Men's Running and Fitness) Deckers Outdoor Corporation President (HOKA) Petco Health and Wellness Company Inc 2/13/2024 - Holly May Join Walgreens Boots Alliance, Inc EVP and Global Chief Human Resources Officer Petco Health and Wellness Company Inc Chief Human Resources Officer Crocs, Inc. 2/1/2024 - Anne Mehlman - Crocs, Inc. EVP and CFO Crocs, Inc. EVP, CFO and President (Crocs Brand) Crocs, Inc. 2/1/2024 - Michelle Poole Leave Crocs, Inc. EVP and President (Crocs Brand) - - Deckers Outdoor Corporation 2/1/2024 - David Powers Leave Deckers Outdoor Corporation President and CEO - - Deckers Outdoor Corporation 2/1/2024 - Stefano Carot - Deckers Outdoor Corporation Chief Commercial Officer Deckers Outdoor Corporation President and CEO Gap Inc. 2/2/2024 - Zac Posen Join Zac Posen Founder and Creative Director Gap Inc. EVP, Creative Director (Gap Inc.) and Chief Creative Officer (Old Navy) The Kroger Co 2/5/2024 - Gary Millerchip Leave The Kroger Co SVP and CFO Costco Wholesale Corporation EVP and CFO The Kroger Co 2/5/2024 - Todd Foley - The Kroger Co VP, Corporate Controller and Chief Accounting Officer The Kroger Co VP, Corporate Controller, Chief Accounting Officer and Interim Chief Financial Officer Costco Wholesale Corporation 2/6/2024 - Richard Galanti Leave Costco Wholesale Corporation CFO - - Costco Wholesale Corporation 2/6/2024 - Gary Millerchip Join The Kroger Co SVP and CFO Costco Wholesale Corporation EVP and CFO The TJX Companies, Inc. 2/6/2024 - John Klinger - The TJX Companies, Inc. EVP and CFO The TJX Companies, Inc. SEVP and CFO The TJX Companies, Inc. 2/6/2024 - Scott Goldenberg - The TJX Companies, Inc. SEVP (Finance) The TJX Companies, Inc. Executive advisory role V.F. Corporation 2/6/2024 - Matthew Pucket - V.F. Corporation EVP and CFO V.F. Corporation CFO Marks and Spencer Group plc 1/26/2024 - Rachel Higham Join WPP Chief Information Officer Marks and Spencer Group plc Chief Digital and Technology Officer Marks and Spencer Group plc 1/26/2024 - Mark Lemming - Marks and Spencer Group plc Clothing & Home Supply Chain & Logistics Director Marks and Spencer Group plc MD, International Kimberly-Clark Corporation 1/30/2024 - Grant McGee Join American Airlines VP, Deputy General Counsel and Corporate Secretary Kimberly-Clark Corporation SVP and General Counsel Ross Stores, Inc 1/31/2024 - Karen Fleming - Ross Stores, Inc Group EVP, Merchandising (dd’s) Ross Stores, Inc President and CMO (dd’s DISCOUNTS) H & M Hennes & Mauritz AB (publ) 1/31/2024 - Daniel Ervér - H & M Hennes & Mauritz AB (publ) Head of H&M (brand) H & M Hennes & Mauritz AB (publ) President and CEO H & M Hennes & Mauritz AB (publ) 1/31/2024 - Helena Helmersson Leave H & M Hennes & Mauritz AB (publ) CEO - - Target Corporation 1/18/2024 - Michael Fiddelke - Target Corporation EVP and CFO Target Corporation EVP, CFO and COO RH 1/18/2024 - Jarrett Stuhl Join Soho House & Co. Chief Operating Officer, Americas RH Chief Real Estate and Development Officer Boohoo Group plc 1/23/2024 - Shaun McCabe Leave Boohoo Group plc CFO - - Boohoo Group plc 1/23/2024 - Stephen Morana Join KM Capital Ltd Partner Boohoo Group plc CFO Academy Sports and Outdoors, Inc. 1/23/2024 - Robert (Rob) Howell Join Sysco Corporation Chief Supply Chain Strategy Officer Academy Sports and Outdoors, Inc. SVP and Chief Supply Chain Officer Carter’s, Inc 1/12/2024 - Brian J. Lynch Leave Carter’s, Inc President and COO - - Carter’s, Inc 1/12/2024 - Kendra D. Krugman - Carter’s, Inc EVP, Retail and CMO Carter’s, Inc Senior EVP and Chief Creative and Growth Officer Carter’s, Inc 1/12/2024 - Richard F. Westenberger - Carter’s, Inc EVP and CFO Carter’s, Inc Senior EVP, CFO and COO Gildan Activewear 1/12/2024 - Vince Tyr Join Houchens Industries, Inc SVP (Corporate Strategy, Mergers & Acquisitons) Gildan Activewear President and CEO Under Armour, Inc. 1/12/2024 - Yassine Saidi Join AGENC-Y Founder and Business Strategist Under Armour, Inc. Chief Product Officer Under Armour, Inc. 1/12/2024 - Kara Trent - Under Armour, Inc. MD, EMEA Under Armour, Inc. President, Americas Gap Inc. 1/12/2024 - Eric Chan Join LA Clippers CFO Gap Inc. Chief Business and Strategy Officer Gap Inc. 1/12/2024 - Amy Thompson Join Mattel, Inc. EVP, Chief People Officer Gap Inc. Chief People Officer Williams-Sonoma, Inc. 1/12/2024 - Marta Benson Leave Williams-Sonoma, Inc. CEO, Pottery Barn Brands - - Lowe's Companies, Inc. 1/12/2024 - Margi Vagell - Lowe's Companies, Inc. SVP and General Merchandising Manager Lowe's Companies, Inc. EVP (Supply Chain) Lowe's Companies, Inc. 1/12/2024 - Don Frieson Leave Lowe's Companies, Inc. EVP (Supply Chain) - - Academy Sports and Outdoors, Inc 1/16/2024 - Chad Fox Join Dollar General SVP and Chief Marketing Officer Academy Sports and Outdoors, Inc EVP and Chief Customer Officer CVS Health Corporation 1/5/2024 - Tom Cowhey - CVS Health Corporation SVP (Corporate Finance) and Interim CFO CVS Health Corporation CFO CVS Health Corporation 1/5/2024 - Mike Pykosz - CVS Health Corporation CEO and Interim Lead (Health Care Delivery) CVS Health Corporation President (Health Care Delivery) CVS Health Corporation 1/5/2024 - Shawn Guertin Leave CVS Health Corporation EVP and CFO - - Dollar General Corporation 1/5/2024 - Steve Sunderland Leave Dollar General Corporation EVP (Store Operations) - - Dollar General Corporation 1/5/2024 - Steve Deckard - Dollar General Corporation EVP (Growth and Emerging Markets) Dollar General Corporation EVP (Store Operations and Growth and Emerging Markets) Urban Outfitters, Inc. 1/8/2024 - Shea Jensen Join GOOD AMERICAN President Urban Outfitters, Inc. President (Urban Outfitters), North America Herbalife Ltd. 1/2/2024 - Stephan Gratziani - Herbalife Ltd. Chief Strategy Officer Herbalife Ltd. President Prada S.p.A. 12/21/2023 - Ying Kwai Yuen Leave Prada S.p.A. Compnay Secretary, Authorised Representative and Process Agent - - Prada S.p.A. 12/21/2023 - Wendy Pui Ting Tong - Prada S.p.A. Asia Corporate Affairs Counsel Prada S.p.A. Compnay Secretary, Authorised Representative and Process Agent Prada S.p.A. 12/21/2023 - Cynthia Wing Han Cheng - Prada S.p.A. Head of Regional Investor Relations Prada S.p.A. Alternate Authorised Representative Walgreens Boots Alliance, Inc. 12/21/2023 - Linh Peters Leave Walgreens Boots Alliance, Inc. SVP and Chief Marketing Officer - - Alibaba Group Holding Limited 12/20/2023 - Eddie Yongming Wu - Alibaba Group Holding Limited CEO and Chairman (Taobao and Tmall Group) Alibaba Group Holding Limited CEO (Alibaba Group, Taobao and Tmall Group) and Chairman (Taobao and Tmall Group) Compagnie Financière Richemont SA (SWX:CFR) 12/13/2023 - Riccardo Bellini Leave Compagnie Financière Richemont SA President and CEO (Chloé) - - Compagnie Financière Richemont SA (SWX:CFR) 12/13/2023 - Laurent Malecaze Join dunhill CEO Compagnie Financière Richemont SA President and CEO (Chloé) PVH Corp 12/13/2023 - Amba Subrahmanyam - PVH Corp EVP of People (PVH Americas and Calvin Klein Global) PVH Corp Chief People Officer PVH Corp 12/13/2023 - Julie Fuller Leave PVH Corp EVP and Chief People Officer - - PVH Corp 12/13/2023 - Sophia Hwang-Judiesch Join Hudson's Bay President PVH Corp President (Tommy Hilfiger), North America Dollar General Corporation 12/8/2023 - Macedonio Garza Join Ace Hardware International Country Manager Dollar General Corporation MD, Mexico Dollar General Corporation 12/8/2023 - Scott Kear Join GreatWater Garages COO Dollar General Corporation Divisional Vice President Dollar General Corporation 12/8/2023 - Jeff Rudy Join Brenntag SVP (Supply Chain & Operations), North America Dollar General Corporation SVP (Transportation) Dollar General Corporation 12/8/2023 - Jeff Mooney Join Child Development Schools President Dollar General Corporation SVP (Store Operations) Levi Strauss & Co. 12/7/2023 - Michelle Gass - Levi Strauss & Co. President Levi Strauss & Co. President and CEO Levi Strauss & Co. 12/7/2023 - Chip Bergh Leave Levi Strauss & Co. President and CEO - - Macy's, Inc. 12/5/2023 - Tracy Preston Join HanesBrands Inc. Chief Compliance Officer, Chief Legal Officer and Corporate Secretary Macy's, Inc. Chief Legal Officer and Corporate Secretary HanesBrands Inc. 12/1/2023 - Richard Mcleod Join Canada Goose SVP (Brand) HanesBrands Inc. VP and Chief Marketing Officer (Champion) Ulta Beauty, Inc. 11/30/2023 - Paula Oyibo - Ulta Beauty, Inc. SVP (Finance) Ulta Beauty, Inc. CFO Ulta Beauty, Inc. 11/30/2023 - Scott Settersten Leave Ulta Beauty, Inc. CFO - - Big Lots, Inc 11/30/2023 - Seth Marks Join Channel Control Merchants, LLC Chief Merchandising Officer Big Lots, Inc SVP (Extreme Value Sourcing) Big Lots, Inc 11/30/2023 - Kristen Cox Join Burlington Stores SVP (Human Resources) Big Lots, Inc SVP and Chief Stores Officer Macy’s, Inc 11/28/2023 - Sharon Otterman Join Caesars Entertainment, Inc. Chief Marketing Officer Macy’s, Inc EVP and Chief Marketing Officer Unilever PLC 11/22/2023 - Gayatri Makhijani Join Intel Corporation Head of Brand, Creative and Media Unilever PLC Head of Digital Hub Kohl's Corporation 11/20/2023 - Dave Alves Leave Kohl's Corporation President and COO - - Columbia Sportswear Company 11/16/2023 - Cory Long Join DC Shoes Global General Manager and Chief Global Merchant Columbia Sportswear Company President (SOREL) JD.com, Inc. 11/15/2023 - Sandy Ran Xu - JD.com, Inc. CEO (JD.com) JD.com, Inc. CEO (JD.com) and CEO (JD retail) NIKE, Inc. 11/14/2023 - John Hoke - NIKE, Inc. Chief Design Officer (NIKE) NIKE, Inc. Chief Innovation Officer (NIKE) NIKE, Inc. 11/14/2023 - Martin Lotti - NIKE, Inc. VP and Chief Design Officer (Jordan) NIKE, Inc. Chief Design Officer (NIKE) NIKE, Inc. 11/14/2023 - Nicole Hubbard Graham Join Adopt Co-Founder NIKE, Inc. Chief Marketing Officer (NIKE) NIKE, Inc. 11/14/2023 - Dirk-Jan van Hameren Leave NIKE, Inc. EVP and Chief Marketing Officer (NIKE) - - NIKE, Inc. 11/13/2023 - Muge Erdirik Dogan Join Amazon President (Amazon Fashion) NIKE, Inc. Chief Technology Officer PVH Corp. 11/8/2023 - Lea Rytz Goldman Join COS Managing Director PVH Corp. Global Brand President (Tommy Hilfiger) CVS Health Corporation 11/6/2023 - Mark Santos - CVS Health Corporation VP and Head (Diversified Commercial Solutions) CVS Health Corporation President (Aetna Medicaid) Walgreens Boots Alliance 11/1/2023 - Neal Sample Join Wellfield Technologies, Inc Chairman Walgreens Boots Alliance EVP and Chief Information Officer Sprouts Farmers Market, Inc 10/31/2023 - Curtis Valentine Join Sprouts Farmers Market, Inc Senior Vice President (FP&A) Sprouts Farmers Market, Inc CFO Sprouts Farmers Market, Inc 10/31/2023 - Lawrence Molloy Leave Sprouts Farmers Market, Inc CFO - - Macy's, Inc. 10/31/2023 - Wendy Beadles - Macy's, Inc. VP (Legal Business Operations) Macy's, Inc. Interim Chief Legal Officer and Secretary of the Company. VF Corporation 10/30/2023 - Kevin Bailey VF Corporation EVP VF Corp and Global President (Vans) VF Corporation Head of Reinvent Unilever PLC 10/26/2023 - Fernando Fernandez - Unilever PLC President (Beauty and Wellbeing) Unilever PLC CFO Unilever PLC 10/26/2023 - Priya Nair - Unilever PLC Chief Marketing Officer (Beauty & Wellbeing) Unilever PLC President (Beauty and Wellbeing) Unilever PLC 10/26/2023 - Hanneke Faber Leave Unilever PLC President (Nutrition) - - Unilever PLC 10/26/2023 - Matt Close Leave Unilever PLC President (Ice Cream) - - Unilever PLC 10/26/2023 - Peter ter Kulve - Unilever PLC President (Home Care) Unilever PLC President (Ice Cream) Unilever PLC 10/26/2023 - Eduardo Campanella - Unilever PLC Chief Marketing Officer (Home Care) Unilever PLC President (Home Care) Unilever PLC 10/26/2023 - Esi Eggleston Bracey - Unilever PLC CEO (Personal Care) North America and President (Uniliver USA) Unilever PLC Chief Growth and Marketing Officer Qurate Retail, Inc 10/26/2023 - Albert E. Rosenthaler Leave Qurate Retail, Inc Chief Corporate Development Officer - - The Home Depot, Inc. 10/26/2023 - Ann-Marie Campbell - The Home Depot, Inc. EVP (US Stores and Operations) The Home Depot, Inc. Senior EVP The Home Depot, Inc. 10/26/2023 - Hector Padilla - The Home Depot, Inc. EVP (Outside Sales and Service) The Home Depot, Inc. EVP (US Stores and Operations) Academy Sports and Outdoors, Inc. 10/23/2023 - Sam J. Johnson - Academy Sports and Outdoors, Inc. EVP (Retail Operations) Academy Sports and Outdoors, Inc. President Academy Sports and Outdoors, Inc. 10/23/2023 - Eric Friederich - Academy Sports and Outdoors, Inc. Regional Vice President (East Region Stores) Academy Sports and Outdoors, Inc. SVP (Retail Operations) Academy Sports and Outdoors, Inc. 10/23/2023 - Michael P. Mullican Leave Academy Sports and Outdoors, Inc. President - - Herbalife 10/20/2023 - Claire V. Groen Join Boston Consulting Group Senior Advisor Herbalife CHRO L’Oréal S.A 10/19/2023 - Fabrice Megarbane - L’Oréal S.A President (North Asia) and CEO (L’Oréal China) L’Oréal S.A Chief Global Growth Officer L’Oréal S.A 10/19/2023 - Frédéric Rozé Leave L’Oréal S.A Chief Global Growth Officer - - L’Oréal S.A 10/19/2023 - Vincent Boinay - L’Oréal S.A President (Travel Retail) L’Oréal S.A President (North Asia) and CEO (L’Oréal China) L’Oréal S.A 10/19/2023 - Laurence Ma - L’Oréal S.A General Manager (L’Oréal Luxe China) L’Oréal S.A Deputy CEO in Charge of Dvisions (L’Oréal China) L’Oréal S.A 10/19/2023 - Emmanuel Goulin - L’Oréal S.A President & Managing Director (L’Oréal Italy) L’Oréal S.A President (Travel Retail) Target Corporation 10/17/2023 - John Mulligan Leave Target Corporation COO - - Target Corporation 10/17/2023 - Matt Zabel - Target Corporation EVP and General Counsel Target Corporation EVP and Chief Corporate Affairs Officer Target Corporation 10/17/2023 - Kiera Fernandez - Target Corporation SVP (HR) and Chief Diversity & Inclusion Officer Target Corporation EVP and Chief Community Impact and Equity Officer CVS Health Corporation 10/16/2023 - Tom Cowhey - CVS Health Corporation SVP (Corporate Finance) CVS Health Corporation Interim CFO CVS Health Corporation 10/16/2023 - Mike Pykosz - CVS Health Corporation CEO (Oak Street Health) CVS Health Corporation Interim President (Health Services) Under Armour, Inc. 10/16/2023 - Shawn Curran Join Gap Inc. COO Under Armour, Inc. Chief Supply Chain Officer Dollar General Corporation 10/12/2023 - Jeff Owen Leave Dollar General Corporation CEO - - Dollar General Corporation 10/12/2023 - Todd Vasos - Dollar General Corporation Senior Business Advisor and Board Member Dollar General Corporation CEO Walgreens Boots Alliance, Inc. 10/11/2023 - Tim Wentworth Join Evernorth CEO Walgreens Boots Alliance, Inc. CEO Ross Stores, Inc. 10/11/2023 - Stephen Brinkley Join SportChek President Ross Stores, Inc. President (Operations) JD Sports Fashion Plc 10/10/2023 - Dominic Platt Join BGL Group CFO JD Sports Fashion Plc CFO Herbalife 10/5/2023 - Susan Brown Join Tyson Foods VP, Head of Global Corporate Communications Herbalife VP (Global Corporate Communications) NEXT plc 10/3/2023 - Amanda James Leave NEXT plc CFO - - NEXT plc 10/3/2023 - Jonathan Blanchard Join Reiss Group CFO and COO NEXT plc CFO Zalando SE 9/27/2023 - Morten Grubak Join Vice Media Global Executive Creative Director Zalando SE VP (Creative Direction) Ulta Beauty, Inc. 9/18/2023 - Kecia L. Steelman - Ulta Beauty, Inc. Chief Operating Officer Ulta Beauty, Inc. President and COO Academy Sports and Outdoors, Inc 9/18/2023 - Heather Davis Leave Academy Sports and Outdoors, Inc SVP (Accounting, Treasury and Tax) and Principal Accounting Officer - - Academy Sports and Outdoors, Inc 9/18/2023 - Earl Carlton Ford, IV - Academy Sports and Outdoors, Inc EVP and CFO Academy Sports and Outdoors, Inc EVP, CFO and Principal Accounting Officer Nordstrom, Inc. 9/13/2023 - Jamie Nordstrom - Nordstrom, Inc. Chief Stores Officer Nordstrom, Inc. Chief Merchandising Officer Nordstrom, Inc. 9/13/2023 - Fanya Chandler - Nordstrom, Inc. SVP and Regional Manager (Southwest) Nordstrom, Inc. President (Nordstrom Stores) Nordstrom, Inc. 9/13/2023 - Gemma Lionello - Nordstrom, Inc. SVP and Regional Manager (Northeast) Nordstrom, Inc. President (Nordstrom Rack) Macy’s, Inc. 9/12/2023 - Olivier Bron Join Central and Robinson Department Stores CEO Macy’s, Inc. CEO (Bloomingdale’s) Sprouts Farmers Market, Inc 9/11/2023 - James Bahrenburg Join Good Food Holdings, LLC, Chief Information Officer Sprouts Farmers Market, Inc Chief Technology Officer BJ’s Wholesale Club 9/11/2023 - Anjana Harve Join Fresenius Medical Care Global Chief Information Officer BJ’s Wholesale Club EVP, Chief Information Officer Alibaba Group Holding Limited 9/10/2023 - Eddie Wu - Alibaba Group Holding Limited CEO (Alibaba Group) Alibaba Group Holding Limited CEO and Chairman (Alibaba Cloud Intelligence Group) Alibaba Group Holding Limited 9/10/2023 - Daniel Zhang Leave Alibaba Group Holding Limited CEO and Chairman (Alibaba Cloud Intelligence Group) - - The Estee Lauder Companies 9/5/2023 - Quentin Roach Join Mondelez International SVP (Global Supply Chain) and Chief Procurement Officer The Estee Lauder Companies SVP and Chief Procurement Officer Dollar Tree, Inc. 9/5/2023 - Aditya Maheshwari Join Under Armour SVP (Finance) and Chief Accounting Officer Dollar Tree, Inc. SVP and Chief Accounting Officer Walgreens Boots Alliance, Inc 9/1/2023 - Ginger L. Graham - Walgreens Boots Alliance, Inc Lead Independent Director Walgreens Boots Alliance, Inc Interim CEO Walgreens Boots Alliance, Inc 9/1/2023 - Rosalind Brewer Leave Walgreens Boots Alliance, Inc CEO - - Reckitt Benckiser 9/1/2023 - Kris Licht - Reckitt Benckiser President (Health) and Chief Customer Officer Reckitt Benckiser CEO Reckitt Benckiser 9/1/2023 - Nicandro Durante Leave Reckitt Benckiser CEO - - Dollar General Corporation 8/31/2023 - Rod West - Dollar General Corporation SVP (Distribution) Dollar General Corporation EVP (Global Supply Chain) Crocs, Inc. 8/31/2023 - Erinn Murphy Join Piper Sandler MD (Consumer Equity Capital Markets) Crocs, Inc. SVP (Investor Relations and Corporate Strategy) Dollar Tree, Inc. 8/28/2023 - Jonathan Leiken Join Diebold Nixdorf, Inc., EVP, Chief Legal Officer and Secretary Dollar Tree, Inc. EVP, Chief Legal Officer and Secretary Floor & Decor Holdings, Inc. 8/28/2023 - Brian Robbins Leave Floor & Decor Holdings, Inc. EVP(Business Development Strategy) - - Foot Locker, Inc. 8/23/2023 - Bryon Milburn - Foot Locker, Inc. SVP, GM Foot Locker and Kids Foot Locker Foot Locker, Inc. SVP,Chief Merchandising Officer Reckitt Benckiser Group plc 8/23/2023 - Jeff Carr Leave Reckitt Benckiser Group plc CFO, Executive Director - - Reckitt Benckiser Group plc 8/23/2023 - Shannon Eisenhardt Join NIKE, Inc CFO Reckitt Benckiser Group plc CFO, Executive Director VF Corporation 8/22/2023 - Brent Hyder Join Salesforce President and Chief People Officer VF Corporation Chief People Office Williams-Sonoma, Inc 8/18/2023 - Monica Bhargava - Williams-Sonoma, Inc Chief Design Officer Williams-Sonoma, Inc President,( Pottery Barn) Columbia Sportswear Company 8/18/2023 - Tom Gyles Join PVH Corp. SVP(International Logistics & Distribution) Columbia Sportswear Company SVP (Global Distribution Network), Canada Walmart Inc. 8/16/2023 - Kieran Shanahan - Walmart Inc. EVP(International Operations) and CEO(Walmart International) Walmart Inc. EVP and COO (Walmart US) Walmart Inc. 8/16/2023 - Judith McKenna Leave Walmart Inc. President and CEO (Walmart International) - - Walmart Inc. 8/16/2023 - Kathryn McLay - Walmart Inc. President and CEO (Sam’s Club US) Walmart Inc. President and CEO (Walmart International) Walmart Inc. 8/16/2023 - Chris Nicholas - Walmart Inc. EVP and COO (Walmart US) Walmart Inc. President and CEO (Sam’s Club US) Macy’s, Inc. 8/15/2023 - Massimo Magni - McKinsey & Company, Inc. Senior Partner (NeXT Commerce) and Global Leader (Consumer Growth Practices) Macy’s, Inc. Chief Customer and Digital Officer Columbia Sportswear Company 8/14/2023 - Woody Blackford Join Canada Goose EVP, Chief Product Officer Columbia Sportswear Company SVP, Chief Product Officer (Columbia Brand) American Eagle Outfitters, Inc. 8/3/2023 - Michael Rempell Leave American Eagle Outfitters, Inc. EVP, COO – – Herbalife Ltd. 8/2/2023 - Stephan Gratziani - Herbalife Ltd. Independent Distributor (Founder's Circle) Herbalife Ltd. Chief Strategy Officer Herbalife Ltd. 8/2/2023 - John DeSimone - Herbalife Ltd. Chief Strategy Officer Herbalife Ltd. Special Advisor Sprouts Farmers Market, Inc. 8/1/2023 - Lawrence Molloy Leave Sprouts Farmers Market, Inc. CFO - - Columbia Sportswear Company 7/31/2023 - Tricia Shumavon Join Adidas AG Global VP (Women’s, Men’s and Kids Sportswear Apparel), Europe Columbia Sportswear Company President (prAna) Walgreens Boots Alliance, Inc. 7/27/2023 - James Kehoe Leave Walgreens Boots Alliance, Inc. EVP and Global CFO - - Walgreens Boots Alliance, Inc. 7/27/2023 - Manmohan Mahajan - Walgreens Boots Alliance, Inc. SVP, Global Controller and Chief Accounting Officer Walgreens Boots Alliance, Inc. Interim Global CFO Walgreens Boots Alliance, Inc. 7/27/2023 - Todd Heckman - Walgreens Boots Alliance, Inc. VP and Assistant Controller Walgreens Boots Alliance, Inc. Interim Global Controller The Gap, Inc. 7/26/2023 - Richard Dickson Join Mattel, Inc. President and Chief Operating Officer The Gap, Inc. President and CEO The Gap, Inc. 7/26/2023 - Bob Martin Leave The Gap, Inc. Interim CEO - - The Gap, Inc. 7/25/2023 - Chris Blakeslee Join Alo Yoga and Bella+Canvas President (Alo Yoga and Bella + Canvas) The Gap, Inc. President and CEO (Athleta) Bath & Body Works, Inc. 7/25/2023 - Eva Boratto Join Opentrons Labworks CFO Bath & Body Works, Inc. CFO Bath & Body Works, Inc. 7/25/2023 - Wendy Arlin Leave Bath & Body Works, Inc. CFO - - Wayfair Inc. 7/20/2023 - Bob Sherwin Leave Wayfair Inc. Chief Marketing Officer - - Wayfair Inc. 7/20/2023 - Paul Toms - Wayfair Inc. Chief People Officer Wayfair Inc. Chief Marketing Officer Wayfair Inc. 7/20/2023 - Ryan Gilchrist - Wayfair Inc. VP and Global Head (Central Talent) Wayfair Inc. Chief People Officer Kering SA 7/18/2023 - Francesca Bellettini - Kering SA President, CEO (Yves Saint Laurent) Kering SA President, CEO (Yves Saint Laurent) and Kering Deputy CEO (Brand Development) Kering SA 7/18/2023 - Marco Bizzarri Leave Kering SA President and CEO (Gucci) - - Kering SA 7/18/2023 - Jean-François Palus - Kering SA Kering Group Managing Director Kering SA President and CEO (Gucci) Kering SA 7/18/2023 - Jean-Marc Duplaix Kering SA CFO Kering SA Kering Deputy CEO (Operations and Finance) Target Corporation 7/12/2023 - Lisa Roath - Target Corporation SVP (Food and Beverage Merchandising) Target Corporation EVP and Chief Marketing Officer HanesBrands, Inc. 7/11/2023 - Scott Lewis - HanesBrands, Inc. Interim CFO HanesBrands, Inc. CFO Academy Sports + Outdoors, Inc. 7/11/2023 - Carl Ford - Academy Sports + Outdoors, Inc. SVP (Finance) Academy Sports + Outdoors, Inc. EVP and CFO Academy Sports + Outdoors, Inc. 7/11/2023 - Michael Mullican - Academy Sports + Outdoors, Inc. EVP and CFO Academy Sports + Outdoors, Inc. President Koninklijke Ahold Delhaize N.V. 7/5/2023 - Jolanda Poots-Bijl Join Van Oord CFO Koninklijke Ahold Delhaize N.V. CFO Under Armour, Inc. 6/29/2023 - Aditya Maheshwari Leave Under Armour, Inc. SVP, Principal Accounting Officer - - Under Armour, Inc. 6/29/2023 - David Bergman - Under Armour, Inc. CFO Under Armour, Inc. Principal Accounting Officer Under Armour, Inc. 6/28/2023 - James Dausch Join Marriott International, Inc. Chief Product and Digital Officer (Global) Under Armour, Inc. EVP and CCO Under Armour, Inc. 6/28/2023 - Danny Miles - Under Armour, Inc. CTO Under Armour, Inc. EVP and CTO Under Armour, Inc. 6/28/2023 - Colin Browne Leave Under Armour, Inc. COO - - Under Armour, Inc. 6/28/2023 - Lisa Collier Leave Under Armour, Inc. Chief Product Officer - - Under Armour, Inc. 6/28/2023 - Daniel Leraris - Under Armour, Inc. SVP, Head of Apparel Under Armour, Inc. Interim Chief Product Officer VF Corporation 6/28/2023 - Drieke Leenknegt Join VF Corporation Global Chief Marketing Officer (Timberland) VF Corporation Global Chief Marketing Officer (Vans) Academy Sports and Outdoors, Inc. 6/22/2023 - Matt McCabe - Academy Sports and Outdoors, Inc. SVP and General Merchandise Manager (Footwear) Academy Sports and Outdoors, Inc. EVP and Chief Merchandising Officer Alibaba Group Holding Limited’s 6/20/2023 - Joseph Tsai - Alibaba Group Holding Limited’s Executive Vice Chairman Alibaba Group Holding Limited’s Chairman Alibaba Group Holding Limited’s 6/20/2023 - Eddie Wu - Alibaba Group Holding Limited’s Chairman (Taobao and Tmall Group) Alibaba Group Holding Limited’s CEO Alibaba Group Holding Limited’s 6/20/2023 - Daniel Zhang - Alibaba Group Holding Limited’s Chairman Alibaba Group Holding Limited’s Chairman and CEO (Alibaba Cloud Intelligence Group) VF Corporation 6/20/2023 - Bracken Darrell Join Logitech International S.A. President and CEO VF Corporation President and CEO VF Corporation 6/20/2023 - Benno Dorer - VF Corporation Interim President, CEO and Board Member VF Corporation Board Member VF Corporation 6/20/2023 - Richard Carucci - VF Corporation Interim Chairman and Board Member VF Corporation Chair of the Board Lowe's Companies, Inc. 6/19/2023 - Quonta (Que) Vance - Lowe's Companies, Inc. SVP (Transportation and Final Mile) Lowe's Companies, Inc. EVP (Pro and Home Services) Five Below, Inc. 6/14/2023 - Kristy Chipman Join Ruth's Hospitality Group, Inc. EVP, CFO and COO Five Below, Inc. CFO and Treasurer PUMA SE 6/14/2023 - Adam Petrick Leave PUMA SE Chief Brand Officer (Global) - - PUMA SE 6/14/2023 - Richard Teyssier - PUMA SE GM, Europe PUMA SE GM, Europe and Director (Global Brand and Marketing) Wayfair Inc. 6/7/2023 - Steve Oblak Leave Wayfair Inc. Chief Commercial Officer - - Wayfair Inc. 6/7/2023 - Jon Blotner Join Wayfair Inc. VP (Platform, Global Merchandising, Proprietary Brands and Advertising/Media) Wayfair Inc. Chief Commercial Officer Columbia Sportswear Company 6/2/2023 - Mark Nenow Leave Columbia Sportswear Company President (SOREL brand) - - Columbia Sportswear Company 6/2/2023 - Craig Zanon - Columbia Sportswear Company SVP (Emerging Brands) Columbia Sportswear Company President (SOREL brand) Unilever Plc 5/30/2023 - Graeme Pitkethly Leave Unilever Plc CFO - - Unilever Plc 5/30/2023 - Conny Braams Leave Unilever Plc Chief Digital and Commercial Officer Dollar Tree, Inc. 5/26/2023 - Randy Guiler Leave Dollar Tree, Inc. VP (Investor Relations) - - Dollar Tree, Inc. 5/26/2023 - Robert LaFleur Join Chewy, Inc. VP and Head (Investor Relations) Dollar Tree, Inc. SVP (Investor Relations) Macy's, Inc. 5/26/2023 - Elisa Garcia Leave Macy's, Inc. EVP, Chief Legal Officer and Secretary - - Signet Jewelers Limited 5/25/2023 - Rob Ballew Join Krispy Kreme, Inc. VP (Investor Relations) Signet Jewelers Limited SVP (Investor Relations) Floor & Decor Holdings, Inc. 5/25/2023 - Wayne Rader Bridgewater Associates Finance Operations Manager Floor & Decor Holdings, Inc. Chief Executive Merchant NIKE, Inc. 5/24/2023 - Heidi O’Neill - NIKE, Inc. President (Consumer and Marketplace) NIKE, Inc. President (Consumer, Product and Brand) NIKE, Inc. 5/24/2023 - Craig Williams - NIKE, Inc. President (Jordan Brand) NIKE, Inc. President (Geographies and Marketplace) NIKE, Inc. 5/24/2023 - Matthew Friend - NIKE, Inc. EVP and CFO NIKE, Inc. EVP (Procurement, Global Places & Services and Demand and Supply Management) and CFO NIKE, Inc. 5/24/2023 - Sarah Mensah - NIKE, Inc. VP/GM (North America) NIKE, Inc. President (Jordan Brand) NIKE, Inc. 5/24/2023 - Scott Uzzell - NIKE, Inc. CEO (Converse) NIKE, Inc. VP/GM (North America) NIKE, Inc. 5/24/2023 - Andy Campion - NIKE, Inc. COO NIKE, Inc. Managing Director (Strategic Business Ventures) NIKE, Inc. 5/24/2023 - Michael Spillane Leave NIKE, Inc. President (Consumer Creation) - - Foot Locker, Inc. 5/19/2023 - Mike Baughn Join Kohl’s Corporation EVP (Finance) and Treasurer Foot Locker, Inc. EVP and CFO Foot Locker, Inc. 5/19/2023 - Robert Higginbotham - Foot Locker, Inc. Interim CFO Foot Locker, Inc. SVP (Investor Relations, Financial Planning and Analysis) Albertsons Companies, Inc. 5/19/2023 - Tom Moriarty Join CVS Health Corporation EVP, Chief Policy and External Affairs Officer, and General Counsel Albertsons Companies, Inc. EVP and General Counsel Tesco PLC 5/19/2023 - John Allan Leave Tesco PLC Chairman and Director - - Tesco PLC 5/19/2023 - Byron Grote - Tesco PLC Senior Independent Director and Chairman (Audit Committee) Tesco PLC Interim Chair Tesco PLC 5/19/2023 - Stewart Gilliland - Tesco PLC Independent Non-Executive Director Tesco PLC Senior Independent Director Tesco PLC 5/19/2023 - Karen Whitworth - Tesco PLC Independent Non-Executive Director Tesco PLC Chairman (Audit Committee) Big Lots, Inc. 5/17/2023 - Gene Burt Leave Big Lots, Inc. EVP, Chief Supply Chain Officer - - Lululemon Athletica 5/16/2023 - Phil Dickinson Leave Lululemon Athletica SVP, Global Creative Director - - Kohl’s Corporation 5/12/2023 - Tom Kingsbury - Kohl’s Corporation Interim CEO Kohl’s Corporation CEO JD Sports Fashion Plc 5/11/2023 - Dominic Platt Join BGL Group CFO JD Sports Fashion Plc CFO JD.com, Inc. 5/11/2023 - Sandy Ran Xu - JD.com, Inc. CFO JD.com, Inc. CEO and Executive Director JD.com, Inc. 5/11/2023 - Lei Xu Leave JD.com, Inc. CEO and Executive Director - - JD.com, Inc. 5/11/2023 - Ian Shan - JD.com, Inc. CFO (JD Logistics) JD.com, Inc. CFO Bath & Body Works, Inc. 5/10/2023 - Maurice Cooper Join Target Corporation SVP (Marketing Guest and Brand Experience) Bath & Body Works, Inc. Chief Customer Officer Nordstrom Inc. 5/10/2023 - Cathy R. Smith Join Bright Health Group CFO and Chief Administrative Officer Nordstrom Inc. CFO Foot Locker, Inc. 5/8/2023 - Blanca Gonzalez Join NIKE, Inc. VP (Product Merchandising), North America Foot Locker, Inc. SVP and GM (WSS banner) BJ’s Wholesale Club Holdings, Inc. 5/4/2023 - Bob Eddy - BJ’s Wholesale Club Holdings, Inc. President and CEO BJ’s Wholesale Club Holdings, Inc. Chairman, President and CEO BJ’s Wholesale Club Holdings, Inc. 5/4/2023 - Chris Baldwin - BJ’s Wholesale Club Holdings, Inc. Chairman BJ’s Wholesale Club Holdings, Inc. Director Guess? Inc. 5/3/2023 - Markus Neubrand Join MCM Worldwide Group CFO Guess? Inc. CFO Guess? Inc. 5/3/2023 - Dennis Secor - Guess? Inc. Interim CFO Guess? Inc. EVP Dollar Tree, Inc. 5/2/2023 - Mike Kindy Join Dollar General Corporation EVP (Global Supply Chain) Dollar Tree, Inc. Chief Supply Chain Officer Herbalife Nutrition Ltd. 5/2/2023 - Mark Schissel Leave Herbalife Nutrition Ltd. EVP (WW Operations), COO - - Herbalife Nutrition Ltd. 5/2/2023 - Frank Lamberti - Herbalife Nutrition Ltd. Regional President (Americas) Herbalife Nutrition Ltd. COO Herbalife Nutrition Ltd. 5/2/2023 - Ibi Montesino - Herbalife Nutrition Ltd. SVP, Managing Director (North Asia) Herbalife Nutrition Ltd. EVP and Chief of Staff Herbalife Nutrition Ltd. 5/2/2023 - Rob Levy - Herbalife Nutrition Ltd. EVP (Worldwide Distributor Affairs) Herbalife Nutrition Ltd. Regional President (Americas) The Estée Lauder Companies Inc. 4/28/2023 - Nancy Mahon - The Estée Lauder Companies Inc. SVP (Global Corporate Citizenship and Sustainability) The Estée Lauder Companies Inc. Chief Sustainability Officer The Estée Lauder Companies Inc. 4/28/2023 - Guillaume Jesel - The Estée Lauder Companies Inc. President (Global Brands, TOM FORD BEAUTY, BALMAIN BEAUTY, Luxury Business Development) The Estée Lauder Companies Inc. President and CEO (TOM FORD BEAUTY) The Estée Lauder Companies Inc. 4/28/2023 - Peter Hawkings - The Estée Lauder Companies Inc. SVP (TOM FORD BEAUTY, Menswear) The Estée Lauder Companies Inc. Creative Director (TOM FORD BEAUTY) Prada S.p.A. 4/27/2023 - Paolo Zannoni - Prada S.p.A. Chairman and Executive Director Prada S.p.A. Executive Director Academy Sports and Outdoors, Inc. 4/27/2023 - Ken Hicks - Academy Sports and Outdoors, Inc. Chairman, President and CEO Academy Sports and Outdoors, Inc. Executive Chairman Academy Sports and Outdoors, Inc. 4/27/2023 - Steven Lawrence - Academy Sports and Outdoors, Inc. EVP and Chief Merchandising Officer Academy Sports and Outdoors, Inc. CEO Academy Sports and Outdoors, Inc. 4/27/2023 - Michael Mullican - Academy Sports and Outdoors, Inc. EVP and CFO Academy Sports and Outdoors, Inc. President Academy Sports and Outdoors, Inc. 4/27/2023 - Samuel Johnson - Academy Sports and Outdoors, Inc. EVP (Retail Operations) Academy Sports and Outdoors, Inc. EVP (Retail Operations, Real Estate, Construction and Store Design) Reckitt Benckiser Group plc 4/26/2023 - Kris Licht - Reckitt Benckiser Group plc President (Health) and Global Chief Customer Officer Reckitt Benckiser Group plc CEO Designate The Estée Lauder Companies Inc. 4/25/2023 - Sara Moss Leave The Estée Lauder Companies Inc. Vice Chairman - - Dollar General Corporation 4/20/2023 - Kelly Dilts - Dollar General Corporation SVP (Finance) Dollar General Corporation EVP and CFO Dollar General Corporation 4/20/2023 - John Garratt Leave Dollar General Corporation President and CFO Dollar General Corporation President Levi Strauss & Co. 4/20/2023 - Kenneth Mitchell Join Snap Inc. Chief Marketing Officer Levi Strauss & Co. Chief Marketing Officer (Levi’s® brand) CVS Health Corporation 4/17/2023 - Brian Kane Join Humana CFO CVS Health Corporation EVP (CVS Health Corporation) and President (Aetna) CVS Health Corporation 4/17/2023 - Daniel Finke Leave CVS Health Corporation EVP (CVS Health Corporation) and President (Aetna) - - Herbalife Nutrition Ltd. 4/17/2023 - Eric Monroe - Herbalife Nutrition Ltd. Director (Investor Relations) Herbalife Nutrition Ltd. VP (North America Finance and Operations) Herbalife Nutrition Ltd. 4/17/2023 - Erin Banyas Join Stellantis N.V. VP (Global Investor Relations) Herbalife Nutrition Ltd. VP and Head (Investor Relations) Crocs, Inc. 4/17/2023 - Daniel P. Hart Leave Crocs, Inc. EVP, Chief Legal and Risk Officer - - Nordstrom Inc. 4/14/2023 - Jason Morris Join Walmart Inc. SVP (Enterprise Business Services—Walmart Global Tech) Nordstrom Inc. Chief Technology and Information Officer Dollar Tree, Inc. 4/14/2023 - Kathleen Mallas Leave Dollar Tree, Inc. Principal Accounting Officer - - Walmart Inc. 4/14/2023 - Charles Redfield Leave Walmart Inc. EVP and Chief Merchandising Officer - - Dollar General Corporation 4/12/2023 - Peggie Fort Join Wayfair Inc. Head (Planning and Allocation, Specialty Retail) Dollar General Corporation VP (Inventory and Demand Management) The Home Depot 4/12/2023 - Melanie Babcock-Brown - The Home Depot VP (Integrated Media) The Home Depot VP (Retail Media+ and Monetization) Lowe's Companies, Inc. 4/10/2023 - Juliette Pryor Join Albertsons Companies, Inc. EVP, General Counsel and Corporate Secretary Lowe's Companies, Inc. EVP, Chief Legal Officer and Corporate Secretary Lowe's Companies, Inc. 4/10/2023 - Bill McCanless Leave Lowe's Companies, Inc. EVP, General Counsel and Corporate Secretary - - Walmart Inc. 4/10/2023 - A. Denise Malloy-Deaderick Join Johnson Controls Senior Director (Market Strategy Diversity) Walmart Inc. Chief Belonging Officer Bath & Body Works, Inc. 4/6/2023 - Thilina Gunasinghe Join McDonald’s Corporation VP (Global), Chief Technology Architect and Data Officer Bath & Body Works, Inc. Chief Digital & Technology Officer Bath & Body Works, Inc. 4/6/2023 - Wendy Arlin Leave Bath & Body Works, Inc. CFO - - NIKE, Inc. 4/5/2023 - KeJuan Wilkins - NIKE, Inc. Vice President (Enterprise Communications) NIKE, Inc. EVP, Chief Communications Officer Kohl’s Corporation 4/5/2023 - Mari Steinmetz - Kohl’s Corporation SVP (Human Resources) Kohl’s Corporation Chief People Officer Kohl’s Corporation 4/5/2023 - Marc Chini Leave Kohl’s Corporation Chief People Officer Kohl’s Corporation - Burberry Group plc 4/3/2023 - Klaus Bierbrauer Join Alexander McQueen COO Burberry Group plc Chief Supply Chain and Industrial Officer Under Armour, Inc. 3/31/2023 - Stephen Curry Join National Basketball Association (NBA) Athlete Under Armour, Inc. President (Curry Brand) Coty Inc. 3/30/2023 - Caroline Andreotti - Coty Inc. EVP (Global premium skincare) Coty Inc. CCO (Prestige) Macy's, Inc. 3/29/2023 - Jeff Gennette Leave Macy's, Inc. Chairman and CEO - - Macy's, Inc. 3/29/2023 - Tony Spring - Macy's, Inc. EVP (Macy's, Inc.), Chairman and CEO (Bloomingdale) Macy's, Inc. President and CEO-Elect Macy's, Inc. 3/29/2023 - Adrian Mitchell - Macy's, Inc. CFO Macy's, Inc. CFO and COO Levi Strauss & Co. 3/22/2023 - Seth Jaffe Leave Levi Strauss & Co. Chief Legal Officer - - Levi Strauss & Co. 3/22/2023 - David Jedrzejek - Levi Strauss & Co. Deputy General Counsel Levi Strauss & Co. General Counsel Hanesbrands Inc. 3/16/2023 - Lorenzo Moretti Join Dr. Martens President, EMEA Hanesbrands Inc. President, (Champion) Europe Burberry Group plc 3/15/2023 - Kate Ferry Join McLaren Group CFO Burberry Group plc CFO and Executive Director The Home Depot 3/14/2023 - William Bastek - The Home Depot SVP (Hardlines) The Home Depot EVP (Merchandising) Five Below, Inc. 3/13/2023 - Kenneth Bull - Five Below, Inc. CFO and Treasurer Five Below, Inc. COO and Treasurer Gap Inc. 3/9/2023 - Asheesh Saksena Leave Gap Inc. Chief Growth Officer - - Gap Inc. 3/9/2023 - Mary Beth Laughton Leave Gap Inc. President and CEO (Athleta) - - PVH Corp. 3/8/2023 - Amber McCann Join Poshmark VP (Global Brand and Communications) PVH Corp. EVP and Chief Communications Officer The Estée Lauder Companies 3/6/2023 - Lahnie Strange - The Estée Lauder Companies SVP/GM (Estée Lauder and AERIN Beauty), North America The Estée Lauder Companies SVP, Global General Manager (Bobbi Brown Cosmetics) Carter's, Inc. 3/3/2023 - Patrick Moore Leave Carter's, Inc. EVP (Retail business), North America - - Carter's, Inc. 3/3/2023 - Kendra Krugman - Carter's, Inc. SVP (Carter's brands and Licensing), EVP (Merchandising and Design) Carter's, Inc. SVP (Carter's brands and Licensing), EVP (Merchandising and Design), Retail business, North America Kohl’s Corporation 2/28/2023 - Dave Alves Join Bealls Retail Group President and Chief Retail Officer Kohl’s Corporation President and COO Chow Tai Fook Jewellery Group Limited 2/28/2023 - Annie Wong - Chow Tai Fook Jewellery Group Limited CRM Director (Brand Marketing CRM) Chow Tai Fook Jewellery Group Limited COO J Sainsbury plc 2/27/2023 - Kevin O'Byrne Leave J Sainsbury plc CFO International Flavors & Fragrances Inc. Non-Executive Director J Sainsbury plc 2/27/2023 - Blathnaid Bergin Join The Business Of Food Director (Commercial and Retail Finance) J Sainsbury plc CFO Nike 2/22/2023 - Ratnakar Lavu Leave Nike Global Chief Digital Information Officer - - Foot Locker, Inc. 2/21/2023 - Robert Higginbotham - Foot Locker, Inc. SVP (Investor Relations, Financial Planning and Analysis) Foot Locker, Inc. Interim CFO, SVP (Investor Relations, Financial Planning and Analysis) Coles Group Limited 2/21/2023 - Leah Weckert - Coles Group Limited Chief Executive (Commercial and Express) Coles Group Limited CEO Coles Group Limited 2/21/2023 - Steve Cain Leave Coles Group Limited CEO - - ASOS Plc 2/10/2023 - Sean Glithero Join MatchesFashion CFO ASOS Plc Interim CFO ASOS Plc 2/10/2023 - Katy Mecklenburgh Leave ASOS Plc Interim CFO - - Koninklijke Ahold Delhaize N.V. 2/10/2023 - Johan Boeijenga Leave Koninklijke Ahold Delhaize N.V. Brand President (Super Indo) - - Kohl’s Corporation 2/9/2023 - Nick Jones Join Joules Group CEO Kohl’s Corporation Chief Merchandising and Digital Officer Tractor Supply Company 2/9/2023 - Cynthia Jamison Leave Tractor Supply Company Chairman - - Tractor Supply Company 2/9/2023 - Edna Morris - Tractor Supply Company Director Tractor Supply Company Chairman Walmart Inc. 2/3/2023 - Judy Werthauser Join Five Below, Inc. Chief Experience Officer Walmart Inc. EVP, Chief People officer (Walmart US) Walmart Inc. 2/3/2023 - Julie Murphy Leave Walmart Inc. EVP, Chief People officer (Walmart US) - - Kering SA 2/2/2023 - Raffaella Cornaggia Join The Estée Lauder Companies, Inc. SVP and GM, International Business (Estée Lauder and Aerin) Kering SA CEO (Kering Beauté) Kohl’s Corporation 2/2/2023 - Tom Kingsbury - Kohl’s Corporation Interim CEO Kohl’s Corporation CEO Unilever PLC 1/30/2023 - Hein Schumacher Join Royal FrieslandCampina CEO Unilever PLC CEO Williams-Sonoma, Inc. 1/30/2023 - Marta Benson - Williams-Sonoma, Inc. President (Pottery Barn) Williams-Sonoma, Inc. CEO (Pottery Barn) Williams-Sonoma, Inc. 1/30/2023 - Michelle Hummel - Williams-Sonoma, Inc. Interim Head (Global Business) Williams-Sonoma, Inc. Head (Global Business) Williams-Sonoma, Inc. 1/30/2023 - Abby Teisch - Williams-Sonoma, Inc. Interim Head (Marketing) Williams-Sonoma, Inc. Head (Cross-Brand Marketing) Dollar General Corporation 1/30/2023 - John Garratt Leave Dollar General Corporation President and CFO - - Prada S.p.A. 1/27/2023 - Andrea Guerra Join LVMH Strategic Advisor Prada S.p.A. Executive Director and CEO Prada S.p.A. 1/27/2023 - Miuccia Prada Bianchi - Prada S.p.A. Executive Director and CEO Prada S.p.A. Executive Director, Creative Director (Miu Miu and Prada) Prada S.p.A. 1/27/2023 - Patrizio Bertelli - Prada S.p.A. Executive Director and CEO Prada S.p.A. Executive Director Foot Locker, Inc. 1/26/2023 - Andrew I. Gray Leave Foot Locker, Inc. EVP, Global President (Foot Locker, Kids Foot Locker, Champs Sports and Sidestep) - - PVH Corp. 1/25/2023 - Donald Kohler Join Diesel S.p.A CEO (North America) PVH Corp. President (Calvin Klein Americas) Williams-Sonoma, Inc. 1/25/2023 - Day Kornbluth Join Ralph Lauren Corporation President (Ralph Lauren Home) Williams-Sonoma, Inc. President (West Elm) Dollar Tree, Inc. 1/24/2023 - Mike Witynski Leave Dollar Tree, Inc. CEO - - Dollar Tree, Inc. 1/24/2023 - Rick Dreiling - Dollar Tree, Inc. Executive Chairman Dollar Tree, Inc. CEO and Executive Chairman CVS Health Corporation 1/23/2023 - David Joyner - gWell Advisor CVS Health Corporation EVP and President (Pharmacy Services) CVS Health Corporation 1/23/2023 - Alan Lotvin Leave CVS Health Corporation Head of CVS Specialty, Chief Transformation Officer - - CVS Health Corporation 1/23/2023 - Amy Bricker Join Express Scripts Holding Company President CVS Health Corporation EVP, Chief Product Officer (Consumer) Capri Holdings Limited 1/23/2023 - Cedric Wilmotte Join Capri Holdings Limited COO (Versace) Capri Holdings Limited CEO (Michael Kors brand) Levi Strauss & Co. 1/19/2023 - Jason Gowans Join Nordstrom Inc. SVP (Digital Commerce) Levi Strauss & Co. SVP, Chief Digital Officer Burberry Group plc 1/18/2023 - Giorgio Belloli Join Farfetch Chief Commercial and Sustainability Officer Burberry Group plc Chief Digital, Customer and Innovation Officer Burberry Group plc 1/18/2023 - Delphine Sonder Join Yves Saint Laurent General Merchandising Director Burberry Group plc Chief Merchandising Officer ANTA Sports Products Limited 1/18/2023 - Ding Shizhong - ANTA Sports Products Limited Chairman and CEO ANTA Sports Products Limited Chairman ANTA Sports Products Limited 1/18/2023 - Ding Shijia - ANTA Sports Products Limited Deputy Chairman and VP (manufacturing operations, supply chain management) ANTA Sports Products Limited Deputy Chairman and VP (Manufacturing operations) ANTA Sports Products Limited 1/18/2023 - Zheng Jie - Anta Sports’ Outdoor Sports Group Executive Director, Group President and CEO ( Anta Sports’ Outdoor Sports Group and Amer Sports-affiliated businesses) Amer Sports Executive Director and CEO (Amer Sports-affiliated businesses) ANTA Sports Products Limited 1/18/2023 - Lai Shixian - ANTA Sports Products Limited CFO ANTA Sports Products Limited Co-CEO (All brands except the Fila) ANTA Sports Products Limited 1/18/2023 - Wu Yonghua - ANTA Sports Products Limited CEO (Performance Sports Group Limited) ANTA Sports Products Limited Co-CEO (FILA) ANTA Sports Products Limited 1/18/2023 - Bi Mingwei - ANTA Sports Products Limited Vice President and Executive Director ANTA Sports Products Limited CFO Nordstrom Inc. 1/13/2023 - Teri Bariquit Leave Nordstrom Inc. Chief Merchandising Officer - - CVS Health Corporation 1/12/2023 - Sam Khichi Join Becton Dickinson EVP (Corporate Development, Public Policy, Regulatory Affairs) and General Counsel CVS Health Corporation EVP, Chief Policy Officer and General Counsel CVS Health Corporation 1/12/2023 - Tom Moriarty Leave CVS Health Corporation EVP, Chief Policy and External Affairs Officer and General Counsel - - Hanesbrands Inc. 1/12/2023 - Michael Dastugue Leave Hanesbrands Inc. CFO - - Hanesbrands Inc. 1/12/2023 - Scott Lewis - Hanesbrands Inc. Chief Accounting Officer and Controller Hanesbrands Inc. Interim CFO LVMH Moët Hennessy - Louis Vuitton, Société Européenne 1/11/2023 - Pietro Beccari - Christian Dior Couture Chairman and CEO Louis Vuitton Chairman and CEO LVMH Moët Hennessy - Louis Vuitton, Société Européenne 1/11/2023 - Michael Burke - Louis Vuitton Chairman and CEO - - LVMH Moët Hennessy - Louis Vuitton, Société Européenne 1/11/2023 - Delphine Arnault - Louis Vuitton EVP Christian Dior Couture Chairman and CEO LVMH Moët Hennessy - Louis Vuitton, Société Européenne 1/11/2023 - Charles Delapalme - Christian Dior Couture EVP Christian Dior Couture Managing Director LVMH Moët Hennessy - Louis Vuitton, Société Européenne 1/11/2023 - Stéphane Bianchi - LVMH Moët Hennessy - Louis Vuitton, Société Européenne Chairman and CEO (Watches and Jewelry Division) Tiffany and Repossi Chairman and CEO, LVMH (Watches and Jewelry Division), and Head (Watches and Jewelry Division) Tiffany and Repossi Koninklijke Ahold Delhaize N.V. 1/10/2023 - Natalie Knight Leave Koninklijke Ahold Delhaize N.V. CFO - - The Procter & Gamble Company 1/5/2023 - Bala Purushothaman - The Procter & Gamble Company SVP (Global total rewards; Global employee; Labor relations; Corporate services) The Procter & Gamble Company Chief Human Resources Officer The Procter & Gamble Company 1/5/2023 - Tracey Grabowski Leave The Procter & Gamble Company Chief Human Resources Officer - - Under Armour, Inc. 12/21/2022 - Stephanie Linnartz Join Marriott International, Inc. President Under Armour, Inc. President and CEO Under Armour, Inc. 12/21/2022 - Colin Browne - Under Armour, Inc. Interim President and CEO Under Armour, Inc. Chief Operating Officer Ross Stores, Inc. 12/20/2022 - Jeffrey Burrill - Ross Stores, Inc. SVP, Corporate Controller Ross Stores, Inc. Chief Accounting Officer Levi Strauss & Co. 12/16/2022 - Seth Ellison Leave Levi Strauss & Co. EVP and Chief Commercial Officer - - PVH Corp. 12/14/2022 - Eva Serrano Join Inditex President, Greater China PVH Corp. Global Brand President (Calvin Klein) Sprouts Farmers Market, Inc. 12/8/2022 - Alisa Gmelich Join Auntie Anne’s Chief Brand Officer Sprouts Farmers Market, Inc. SVP, Chief Marketing Officer PUMA SE 12/8/2022 - Maria Valdes - PUMA SE GM (Sportstyle) PUMA SE Chief Product Officer, Member (Management Board) Allbirds, Inc. 12/8/2022 - Kate Ridley - Allbirds, Inc. SVP, Chief Brand Officer Allbirds, Inc. Chief Brand and Product Officer Allbirds, Inc. 12/8/2022 - Benny Joseph - Allbirds, Inc. CTO Allbirds, Inc. CTO and Culture Officer Nordstrom Inc. 12/7/2022 - Anne Bramman Leave Nordstrom Inc. CFO - - Nordstrom Inc. 12/7/2022 - Michael Maher - Nordstrom Inc. SVP, Chief Accounting Officer Nordstrom Inc. Interim CFO and Treasurer VF Corporation 12/5/2022 - Benno Dorer - VF Corporation Lead Independent Director VF Corporation Interim President and CEO VF Corporation 12/5/2022 - Steve Rendle Leave VF Corporation Chairman, President and CEO - - VF Corporation 12/5/2022 - Richard Carucci - VF Corporation Director VF Corporation Interim Chairman ASOS Plc 12/2/2022 - Katy Mecklenburgh Leave ASOS Plc Interim CFO Softcat Plc Chief Financial Officer Urban Outfitters, Inc. 12/2/2022 - Francis Pierrel Leave Urban Outfitters, Inc. President - - DICK'S Sporting Goods, Inc. 12/1/2022 - Ray Sliva Join Best Buy Co., Inc. Chief People Officer DICK'S Sporting Goods, Inc. EVP (Stores) Floor & Decor Holdings, Inc. 11/29/2022 - Bryan Langley - Floor & Decor Holdings, Inc. SVP (Finance) Floor & Decor Holdings, Inc. EVP and CFO Floor & Decor Holdings, Inc. 11/29/2022 - Trevor Lang - Floor & Decor Holdings, Inc. EVP and CFO Floor & Decor Holdings, Inc. President Foot Locker, Inc. 11/29/2022 - Frank Bracken - Foot Locker, Inc. COO Foot Locker, Inc. EVP, Chief Commercial Officer Foot Locker, Inc. 11/29/2022 - Elliott Rodgers Join project44 Chief People Officer Foot Locker, Inc. EVP, Chief Operations Officer Foot Locker, Inc. 11/29/2022 - Andrew Page Leave Foot Locker, Inc. CFO - - Foot Locker, Inc. 11/29/2022 - Rosalind Reeves - Foot Locker, Inc. VP (Talent, Diversity and Organization Capability) Foot Locker, Inc. EVP, CHRO Foot Locker, Inc. 11/29/2022 - Elizabeth Norberg Leave Foot Locker, Inc. CHRO - - Foot Locker, Inc. 11/29/2022 - Robert Higginbotham - Foot Locker, Inc. VP (Investor Relations) Foot Locker, Inc. SVP (Investor Relations and Financial Planning and Analysis) Chow Tai Fook Jewellery Group Limited 11/21/2022 - Theresa Lui Join Pandora A/S VP (Human Resources), Asia Pacific Chow Tai Fook Jewellery Group Limited Chief People Officer Marks and Spencer Group plc 11/18/2022 - Jeremy Townsend Join Rentokil Initial plc Group CFO Marks and Spencer Group plc Interim CFO Dollar Tree, Inc. 11/17/2022 - Jennifer Bohaty Join LL Flooring Global Chief of Ethics and Compliance Dollar Tree, Inc. Chief Compliance Officer Dollar Tree, Inc. 11/17/2022 - Terence Goods Join Southern Glazer's Wine and Spirits VP (Diversity and Inclusion) Dollar Tree, Inc. Chief Diversity Officer Dollar Tree, Inc. 11/17/2022 - Jennifer Silberman Join YETI VP (ESG) Dollar Tree, Inc. Chief Sustainability Officer Dollar Tree, Inc. 11/17/2022 - Kristin Tetreault Join Stanley Black & Decker VP (Enterprise and Executive Communications) Dollar Tree, Inc. Chief Communications Officer The TJX Companies, Inc. 11/16/2022 - John Klinger - The TJX Companies, Inc. EVP, Corporate Controller The TJX Companies, Inc. EVP, CFO The TJX Companies, Inc. 11/16/2022 - Scott Goldenberg - The TJX Companies, Inc. CFO The TJX Companies, Inc. SVP (Finance) Adidas AG 11/9/2022 - Bjørn Gulden Join PUMA SE CEO Adidas AG CEO Adidas AG 11/9/2022 - Kasper Rorsted Leave Adidas AG CEO - - Big Lots, Inc. 11/9/2022 - Margarita Giannantonio Join The TJX Companies, Inc. SVP and General Merchandise Manager, Canada Big Lots, Inc. EVP, Chief Merchandising Officer Big Lots, Inc. 11/9/2022 - John Alpaugh Join CyberMark CEO Big Lots, Inc. SVP, Chief Marketing Officer Kohl’s Corporation 11/8/2022 - Michelle Gass Leave Kohl’s Corporation CEO Levi Strauss & Co. President Kohl’s Corporation 11/8/2022 - Tom Kingsbury - Kohl’s Corporation Director Kohl’s Corporation Interim CEO PUMA SE 11/4/2022 - Bjorn Gulden Leave PUMA SE CEO and Chairman - - PUMA SE 11/4/2022 - Arne Freundt - PUMA SE Chief Commercial Officer PUMA SE CEO and Chairman The Kroger Co. 11/2/2022 - Jake Cannon - The Kroger Co. VP (operations for the Cincinnati/Dayton division) The Kroger Co. President (Louisville division) The Kroger Co. 11/2/2022 - Scott Hays Leave The Kroger Co. President (Cincinnati/Dayton division) - - The Kroger Co. 11/2/2022 - Ann Reed - The Kroger Co. President (Louisville division) The Kroger Co. President (Cincinnati/Dayton division) Bath & Body Works, Inc. 11/2/2022 - Gina Boswell - Unilever USA President (customer development) Bath & Body Works Inc. CEO DICK'S Sporting Goods, Inc. 11/1/2022 - Donald Germano Leave DICK'S Sporting Goods, Inc. EVP (Stores and Supply Chain) - - Herbalife Nutrition Ltd. 10/31/2022 - Michael Johnson - Herbalife Nutrition Ltd. Board Member Herbalife Nutrition Ltd. Chairman and Interim CEO Herbalife Nutrition Ltd. 10/31/2022 - John Agwunobi Leave Herbalife Nutrition Ltd. Chairman and CEO - - Bath & Body Works 10/26/2022 - Kelie Charles Join The Home Depot Senior Director (Diversity, Equity and Inclusion) Bath & Body Works VP, Chief Diversity Officer Nordstrom Inc. 10/17/2022 - Anne Bramman Leave Nordstrom Inc. CFO - - Nordstrom Inc. 10/17/2022 - Michael Maher - Nordstrom Inc. SVP, Chief Accounting Officer Nordstrom Inc. Interim CFO JD Sports Fashion plc 10/12/2022 - Neil Greenhalgh Leave JD Sports Fashion plc CFO - - CVS Health Corporation 10/6/2022 - Amar Desai Join Optum Pacific West President and CEO CVS Health Corporation President (Health Care Delivery) Nordstrom Inc. 10/5/2022 - Edmond Mesrobian Leave Nordstrom Inc. Chief Technology and Information Officer - - Target Corporation 10/5/2022 - Prat Vemana Join Kaiser Permanente SVP, Chief Digital Officer Target Corporation EVP, Chief Digital and Product Officer Under Armour, Inc. 10/5/2022 - David Baxter - Under Armour, Inc. SVP (Wholesale), Americas Under Armour, Inc. President, Americas Under Armour, Inc. 10/5/2022 - Mehri Shadman - Under Armour, Inc. Deputy General Counsel (Corporate and Risk) and Assistant Corporate Secretary Under Armour, Inc. Chief Legal Officer and Corporate Secretary Under Armour, Inc. 10/5/2022 - Stephanie Pugliese Leave Under Armour, Inc. President, Americas - - Under Armour, Inc. 10/5/2022 - John Stanton Leave Under Armour, Inc. Chief Legal Officer and Corporate Secretary - - The Estée Lauder Companies Inc. 9/30/2022 - Nathalie Berger Duquene - The Estée Lauder Companies Inc. SVP, Global Marketing, TOM FORD BEAUTY The Estée Lauder Companies Inc. SVP and Global GM, BALMAIN BEAUTY Woolworths Group Limited 9/29/2022 - Daniel Hake - Woolworths Group Limited Commercial Director (Woolworths Supermarkets) Woolworths Group Limited MD (BIG W) Woolworths Group Limited 9/29/2022 - Von Ingram - Woolworths Group Limited Chief Customer Transformation Officer Woolworths Group Limited MD (non-food) Burberry Group plc 9/28/2022 - Riccardo Tisci Leave Burberry Group plc Chief Creative Officer - - Burberry Group plc 9/28/2022 - Daniel Lee Join Kering Creative Director (Bottega Veneta) Burberry Group plc Chief Creative Officer Dollar Tree, Inc. 9/28/2022 - Pedro Voyer Join JAB Holding Company SVP, GM International (Panera) and SVP, COO International (Caribou Coffee and Einstein’s Bagel) Dollar Tree, Inc. Chief Development Officer Kimberly-Clark Corporation 9/28/2022 - Andrea Zahumensky Join CityBlock Health, Inc. Chief Marketing Officer and SVP (Member Engagement Operations) Kimberly-Clark Corporation President (Personal Care), North America boohoo group plc 9/27/2022 - Shaun McCabe Join Trainline CFO boohoo group plc CFO boohoo group plc 9/27/2022 - Neil Catto - boohoo group plc CFO boohoo group plc Executive Director Unilever PLC 9/26/2022 - Alan Jope Leave Unilever PLC CEO - - The Estée Lauder Companies Inc. 9/26/2022 - Guillaume Jesel - The Estée Lauder Companies Inc. President (TOM FORD BEAUTY) The Estée Lauder Companies Inc. President (Global Brands, TOM FORD BEAUTY, BALMAIN BEAUTY and Luxury Business Development) Dollar Tree, Inc. 9/26/2022 - Michael Creedon Join Advance Auto Parts EVP (US Stores) Dollar Tree, Inc. COO Burberry Group plc 9/23/2022 - Julie Brown Leave Burberry Group plc COO and CFO GSK PLC CFO The Estée Lauder Companies Inc. 9/23/2022 - Justin Boxford - The Estée Lauder Companies Inc. Global President (La Mer) The Estée Lauder Companies Inc. Global Brand President (Estée Lauder) The Estée Lauder Companies Inc. 9/23/2022 - Stéphane de La Faverie - The Estée Lauder Companies Inc. Global Brand President (Estée Lauder) The Estée Lauder Companies Inc. Executive Group President PVH Corp. 9/22/2022 - Sara Bland Join Kontoor Brands, Inc. EVP (Global Strategy) PVH Corp. EVP and Chief Strategy Officer Walgreens Boots Alliance, Inc. 9/20/2022 - John Standley Leave Walgreens Boots Alliance, Inc. EVP and President (Walgreen Co.) - - Skechers U.S.A., Inc. 9/15/2022 - Rick Graham Leave Skechers U.S.A., Inc. SVP (Domestic Sales) - - Skechers U.S.A., Inc. 9/15/2022 - Pete Calichman - Skechers U.S.A., Inc. VP (National Accounts) Skechers U.S.A., Inc. SVP (Domestic Sales) Williams-Sonoma, Inc. 9/14/2022 - Alex Bellos - Williams-Sonoma, Inc. President (West Elm) Williams-Sonoma, Inc. Co-CEO Williams-Sonoma, Inc. 9/14/2022 - Jeff Howie - Williams-Sonoma, Inc. EVP and Chief Administrative Officer Williams-Sonoma, Inc. CFO Williams-Sonoma, Inc. 9/14/2022 - Julie Whalen Leave Williams-Sonoma, Inc. CFO Expedia Group, Inc. CFO American Eagle Outfitters, Inc 9/12/2022 - Andrew McLean Leave American Eagle Outfitters, Inc President, International - - Kimberly-Clark Corporation 9/9/2022 - Tamera Fenske Join 3M SVP (Manufacturing and supply chain) Kimberly-Clark Corporation Chief Supply Chain Officer Walgreens Boots Alliance, Inc. 9/8/2022 - Danielle Gray Join Blue Cross NC SVP, Chief Legal and Administrative Officer Walgreens Boots Alliance, Inc. EVP and Global Chief Legal Officer Walgreens Boots Alliance, Inc. 9/8/2022 - Tracey Brown Join American Diabetes Association CEO Walgreens Boots Alliance, Inc. President (Retail Products) and Chief Customer Officer Target Corporation 9/7/2022 - Arthur Valdez Leave Target Corporation EVP and Chief Supply Chain and Logistics Officer - - Target Corporation 9/7/2022 - Gretchen McCarthy - Target Corporation SVP, Global Inventory Management Target Corporation EVP and Chief Supply Chain and Logistics Officer Qurate Retail Group 9/7/2022 - Soumya Sriraman Join Amazon Head (Prime Video Channels) Qurate Retail Group President (Streaming) Qurate Retail Group 9/7/2022 - Stacy Bowe Join G-III Apparel Group EVP Global E-Commerce & Digital Marketing Qurate Retail Group Chief Merchandising Officer (QVC), US Macy’s, Inc. 9/6/2022 - Pam Quintiliano Join Abercrombie & Fitch Co. Group VP (Investor Relations) Macy’s, Inc. Head (Investor Relations) Reckitt Benckiser Group plc 9/1/2022 - Laxman Narasimhan Leave Reckitt Benckiser Group plc CEO - - Reckitt Benckiser Group plc 9/1/2022 - Nicandro Durante - Reckitt Benckiser Group plc Senior Independent Director Reckitt Benckiser Group plc CEO Walgreens Boots Alliance, Inc. 8/30/2022 - Alethia Jackson - Walgreens Boots Alliance, Inc. VP, Federal Government Relations Walgreens Boots Alliance, Inc. SVP, ESG (Environmental, Social and Governance) and Chief DEI (Diversity, Equity and Inclusion) Officer PVH Corp 8/30/2022 - Trish Donnelly Leave PVH Corp. CEO, PVH Americas and Calvin Klein Global - - Dollar General Corporation 8/25/2022 - John Garratt - Dollar General Corporation CFO Dollar General Corporation President and CFO Dollar Tree, Inc. 8/25/2022 - Jeffrey Davis Join Qurate Retail Group, Inc. CFO Dollar Tree, Inc. CFO Adidas AG 8/22/2022 - Kasper Rorsted Leave Adidas AG CEO - - Foot Locker, Inc. 8/19/2022 - Richard Johnson Leave Foot Locker, Inc. CEO and President - - Foot Locker, Inc. 8/19/2022 - Mary Dillon Join Ulta Beauty, Inc. Chairman Foot Locker, Inc. CEO and President Foot Locker, Inc. 8/19/2022 - Dona Young - Foot Locker, Inc. Lead Independent Director Foot Locker, Inc. non-Executive Chair The Home Depot 8/18/2022 - Ted Decker - The Home Depot CEO and President The Home Depot Chairman, CEO and President Bath & Body Works, Inc. 8/17/2022 - Chris Cramer Leave Bath & Body Works, Inc. COO - - ASOS plc 8/17/2022 - Mat Dunn Leave ASOS plc CFO and COO - - Kohl's Corporation 8/15/2022 - Christie Raymond - Kohl's Corporation Interim Chief Marketing Officer Kohl's Corporation Chief Marketing Officer Petco Health and Wellness Company, Inc. 8/9/2022 - Jason Heffelfinger - Petco Health and Wellness Company, Inc. SVP (Services) Petco Health and Wellness Company, Inc. Chief Services Officer Petco Health and Wellness Company, Inc. 8/9/2022 - Darren MacDonald - Petco Health and Wellness Company, Inc. Chief Digital and Innovation Officer Petco Health and Wellness Company, Inc. Chief Digital and Innovation Officer and Chief Customer Officer Petco Health and Wellness Company, Inc. 8/9/2022 - Justin Tichy - Petco Health and Wellness Company, Inc. Chief Pet Care Center Officer Petco Health and Wellness Company, Inc. COO Tapestry, Inc. 8/4/2022 - Tom Glaser Leave Tapestry, Inc. COO - - Tapestry, Inc. 8/4/2022 - Scott Roe - Tapestry, Inc. CFO Tapestry, Inc. COO and CFO Floor & Decor Holdings, Inc 8/4/2022 - Trevor Lang - Floor & Decor Holdings, Inc EVP and CFO Floor & Decor Holdings, Inc President Koninklijke Ahold Delhaize N.V. 8/3/2022 - Jan Ernst de Groot - Koninklijke Ahold Delhaize N.V. Chief Legal Officer Koninklijke Ahold Delhaize N.V. Chief Sustainability and Legal Officer JD Sports Fashion plc 8/2/2022 - Régis Schultz Join Al-Futtaim Group President (Retail) JD Sports Fashion plc CEO JD Sports Fashion plc 8/2/2022 - Kath Smith - JD Sports Fashion plc CEO JD Sports Fashion plc Senior Independent Director Li Ning Company Limited 7/31/2022 - Zhao Dong Sheng Join Swire Coca-Cola (China) Co. Ltd General Manager (Finance) Li Ning Company Limited Group VP and CFO Colgate-Palmolive Company 7/29/2022 - Stephan Habif Join L’Oréal SVP (Research & Innovation) - L’Oréal Colgate-Palmolive Company Chief Technology Officer Colgate-Palmolive Company 7/29/2022 - Patricia Verduin Leave Colgate-Palmolive Company Chief Technology Officer - - Ocado Group plc 7/28/2022 - Mark Richardson - Ocado Group plc COO Ocado Group plc CEO Kimberly-Clark Corporation 7/28/2022 - Zack Hicks - Toyota Motors CEO (Toyota Connected) Kimberly-Clark Corporation Chief Digital and Technology Officer Marks and Spencer Group plc 7/21/2022 - Eoin Tonge Leave Marks and Spencer Group plc CFO Associated British Foods plc Finance Director Associated British Foods plc 7/21/2022 - Eoin Tonge Join Marks and Spencer Group plc CFO Associated British Foods plc Finance Director Dollar Tree, Inc. 7/21/2022 - Bobby Aflatooni Join The Howard Hughes Corporation EVP, Chief Information Officer Dollar Tree, Inc. Chief Information Officer Nordstrom, Inc. 7/20/2022 - Deniz Anders - Nordstrom, Inc. VP (Marketing) Nordstrom, Inc. SVP and Chief Marketing Officer Nordstrom, Inc. 7/20/2022 - Nina Barjesteh Join DICK's Sporting Goods Senior Executive Nordstrom, Inc. President (Nordstrom Product Group) PVH Corp. 7/19/2022 - David Savman Join H&M Group Head of Global Supply Chain PVH Corp. EVP and Chief Supply Chain Officer PVH Corp. 7/19/2022 - Sarah Clarke Leave PVH Corp. EVP and Chief Supply Chain Officer Amazon.com, Inc. 7/18/2022 - Dipashree Das Join Netflix Content and Brand Marketing Lead, South East Asia Amazon.com, Inc. Head of Partner Marketing, Asia Pacific and China (APAC) and Australia-New Zealand (ANZ) Tractor Supply Company 7/15/2022 - Kimberley Gardiner Join Volkswagen SVP and CMO Tractor Supply Company SVP and CMO Tractor Supply Company 7/15/2022 - Christi Korzekwa Leave Tractor Supply Company SVP and CMO - - Dollar General Corporation 7/12/2022 - Todd Vasos Leave Dollar General Corporation CEO Dollar General Corporation 7/12/2022 - Jeffery Owen - Dollar General Corporation COO Dollar General Corporation CEO Gap Inc. 7/11/2022 - Sonia Syngal Leave Gap Inc. President and CEO Gap Inc. 7/11/2022 - Bob Martin - Gap Inc. Executive chairman Gap Inc. President and CEO Gap Inc. 7/11/2022 - Horacio Barbeito Join Walmart Inc. President & CEO, Walmart Canada Gap Inc. President and CEO, Old Navy JD Sports Fashion plc 7/8/2022 - Andy Higginson Join Morrison Supermarkets plc Chairman JD Sports Fashion plc Chairman CVS Health Corporation 7/8/2022 - Tilak Mandadi Join MGM Resorts International Chief Strategy, Innovation & Technology Officer CVS Health Corporation EVP, Chief Data, Digital and Technology Officer Li Ning Company Limited 7/7/2022 - Tsang, Terence Wah-Fung Leave Li Ning Company Limited CFO - - Deckers Outdoor Corporation 7/6/2022 - Anne Spangenberg Join Nike, Inc Chief Merchant Deckers Outdoor Corporation President of Fashion Lifestyle J Sainsbury plc 7/5/2022 - Kevin O’Byrne Leave J Sainsbury plc CFO J Sainsbury plc 7/5/2022 - Bláthnaid Bergin - J Sainsbury plc Commercial and Retail Finance Director J Sainsbury plc CFO Albertsons Companies, Inc 6/28/2022 - Christine Rupp Leave Albertsons Companies, Inc EVP and Chief Customer and Digital Office - - Dollar Tree, Inc 6/28/2022 - Kevin Wample Leave Dollar Tree, Inc CFO - - Dollar Tree, Inc 6/28/2022 - William Old Leave Dollar Tree, Inc Chief Legal Officer and Corporate Secretary - - Dollar Tree, Inc 6/28/2022 - Thomas O’Boyle Leave Dollar Tree, Inc COO - - Dollar Tree, Inc 6/28/2022 - David Jacobs Leave Dollar Tree, Inc Chief Strategy Office - - Dollar Tree, Inc 6/28/2022 - Andy Paisley Leave Dollar Tree, Inc Chief Information Officer - - Foot Locker, Inc. 6/24/2022 - Andrew I. Gray - Foot Locker, Inc. EVP and Chief Commercial Officer Foot Locker, Inc. EVP (Global Lockers and Champs Sport) Boohoo Group plc 6/23/2022 - Shaun McCabe - Boohoo Group plc Non-Executive Director Boohoo Group plc CFO Boohoo Group plc 6/23/2022 - Neil Catto - Boohoo Group plc CFO Boohoo Group plc Executive Director Marks and Spencer Group plc 6/21/2022 - Alex Freudmann Join Dan Murphy's MD Marks and Spencer Group plc MD (Food) Amazon.com, Inc. 6/21/2022 - Doug Herrington - Amazon.com, Inc. SVP Amazon.com, Inc. CEO (Worldwide Amazon Stores) Unilever plc 6/20/2022 - Rahul Welde Leave Unilever plc EVP (Global Digital Transformation & Digital Business ) Entain Non-Executive Director ASOS Plc 6/16/2022 - José Antonio Ramos Calamonte - ASOS Plc Chief Commercial Officer ASOS Plc CEO ASOS Plc 6/16/2022 - Jgøren Lindemann - ASOS Plc Non-Executive Director ASOS Plc Chairman ASOS Plc 6/16/2022 - Ian Dyson Leave ASOS Plc Chairman - - Levi Strauss & Co. 6/15/2022 - Amisha Jain Join Zivame CEO Levi Strauss & Co. SVP and MD, South Asia, Middle East and Africa Colgate-Palmolive Company 6/13/2022 - Gregory Malcolm - Colgate-Palmolive Company VP and Assistant Controller Colgate-Palmolive Company VP and Controller Colgate-Palmolive Company 6/13/2022 - Philip G. Shotts Colgate-Palmolive Company Controller Colgate-Palmolive Company SVP (Finance) Deckers Outdoor Corporation 6/10/2022 - Angela Ogbechie - Deckers Outdoor Corporation SVP (Global Operations and Supply Chain Strategy) Deckers Outdoor Corporation Chief Supply Chain Officer Columbia Sportswear Company 6/9/2022 - Francois Guillon Join Tiffany & Co. Divisional Vice President (Global Planning) Columbia Sportswear Company SVP (Omni Planning and Fulfillment) Amazon.com, Inc. 6/3/2022 - David H. Clark Leave Amazon.com, Inc. CEO, Worldwide Consumer The Kroger Co. 6/1/2022 - Micheal Cristal has - The Kroger Co. VP (Operations), Fry's Division The Kroger Co. President, Delta Division The Kroger Co. 6/1/2022 - Victor Smith - The Kroger Co. President, Delta Division The Kroger Co. President, Atlanta Division Foot Locker, Inc. 6/1/2022 - Neil Bansal Join Constellation Brands SVP (Strategy, Insights and Analytics) Foot Locker, Inc. EVP and Chief Strategy and Transformation Officer Big Lots, Inc. 5/31/2022 - Jack A. Pestello Leave Big Lots, Inc. EVP, Chief Merchandising Officer - - Big Lots, Inc. 5/31/2022 - Derek Panfil - Big Lots, Inc. SVP Big Lots, Inc. Interim Co-Chief Merchandising Officer Big Lots, Inc. 5/31/2022 - Kevin Kuehl - Big Lots, Inc. SVP Big Lots, Inc. Interim Co-Chief Merchandising Officer Sprouts Farmers Market, Inc. 5/27/2022 - Gil Phipps - Sprouts Farmers Market, Inc. SVP and Chief Marketing Officer Sprouts Farmers Market, Inc. Senior Marketing Advisor Foot Locker, Inc. 5/27/2022 - W. Scott Martin Leave Foot Locker, Inc. EVP, Chief Strategy and Corporate Development Officer - - Burlington Stores, Inc. 5/26/2022 - Kristin Wolfe Join Ross Stores, Inc. Group SVP and Corporate Finance Burlington Stores, Inc. CFO JD Sports Fashion Plc 5/25/2022 - Peter Cowgill Leave JD Sports Fashion Plc Executive Chairman JD Sports Fashion Plc 5/25/2022 - Helen Ashton - JD Sports Fashion Plc NED and Chair of the Audit & Risk Committee JD Sports Fashion Plc Interim Non-Executive Chair JD Sports Fashion Plc 5/25/2022 - Kath Smith - JD Sports Fashion Plc NED and Senior Independent Director JD Sports Fashion Plc CEO Kohl's Corporation 5/19/2022 - Doug Howe Leave Kohl's Corporation Chief Merchandising Officer - - Kohl's Corporation 5/19/2022 - Greg Revelle Leave Kohl's Corporation Chief Marketing Officer - - Deckers Outdoor Corporation 5/19/2022 - Wendy Yang Leave Deckers Outdoor Corporation President (Performance Lifestyle) - - Deckers Outdoor Corporation 5/19/2022 - Stefano Caroti - Deckers Outdoor Corporation President (Omni-Channel) Deckers Outdoor Corporation President (Performance Lifestyle) Carter’s, Inc. 5/18/2022 - Hilary Duff Join Naturalena Brands Chief Brand Officer Carter’s, Inc. Chief Mom Officer Under Armour, Inc. 5/18/2022 - Patrik Frisk Leave Under Armour, Inc. President and CEO - - Under Armour, Inc. 5/18/2022 - Colin Browne - Under Armour, Inc. COO Under Armour, Inc. Interim President and CEO Bath & Body Works, Inc. 5/13/2022 - Andrew Meslow Leave Bath & Body Works, Inc. CEO - - Bath & Body Works, Inc. 5/13/2022 - Sarah E. Nash - Bath & Body Works, Inc. Chair (Board of Directors) Bath & Body Works, Inc. Executive Chairman and Interim CEO Amazon.com, Inc. 5/7/2022 - Anuradha Aggarwal Join Disney-Star India Head (Infotainment and kids cluster) Amazon Pay Director (User Growth) and CMO Costco Wholesale Corporation 5/6/2022 - Russ Miller - Costco Wholesale Corporation EVP and Chief Operating Officer, Southwest Division and Mexico Costco Wholesale Corporation SVP (Operations), US Walgreens Boots Alliance, Inc. 5/5/2022 - Linh Peters Join Calvin Klein Global Chief Marketing Officer Walgreens Boots Alliance, Inc. SVP and Chief Marketing Officer Walgreens Boots Alliance, Inc. 5/5/2022 - Luke Rauch - Walgreens Boots Alliance, Inc. Chief of Staff to the CEO Walgreens Boots Alliance, Inc. SVP and Chief Merchandising Officer Walgreens Boots Alliance, Inc. 5/5/2022 - Bala Visalatha Join Walmart Inc. VP (E-Commerce), Walmart US Walgreens Boots Alliance, Inc. SVP and Chief Product Officer Hanesbrands Inc. 5/5/2022 - Vanessa LeFebvre Join Adidas AG SVP (Commercial), North America Hanesbrands Inc. President (Global Activewear) Wayfair Inc. 5/5/2022 - Michael Fleisher Leave Wayfair Inc. CFO - - Wayfair Inc. 5/5/2022 - Kate Gulliver - Wayfair Inc. VP and Chief People Officer Wayfair Inc. SVP, CFO and CAO Target Corporation 5/5/2022 - Cara Sylvester - Target Corporation EVP and Chief Marketing and Digital Officer Target Corporation EVP and Chief Guest Experience Officer Target Corporation 5/5/2022 - Brett Craig - Target Corporation SVP (Digital) Target Corporation EVP and Chief Information Officer Target Corporation 5/5/2022 - Matt Zabel - Target Corporation SVP (Risk and employee and labor relations) Target Corporation EVP and GC Target Corporation 5/5/2022 - Christina Hennington - Target Corporation EVP and Chief Growth Officer Target Corporation EVP, Chief Growth Officer and Head, India NIKE, Inc. 5/5/2022 - Johanna Nielsen - NIKE, Inc. VP (Strategic Enterprise Capabilities) NIKE, Inc. Principal Accounting Officer NIKE, Inc. 5/5/2022 - Chris Abston Leave NIKE, Inc. Principal Accounting Officer - - Prada S.p.A. 5/3/2022 - Andrea Bonini Join Goldman Sachs MD Prada S.p.A. Group CFO Prada S.p.A. 5/3/2022 - Alessandra Cozzani Leave Prada S.p.A. CFO - - CVS Health 5/3/2022 - Dr Sree Chaguturu - CVS Health Chief Medical Officer (CVS Caremark) CVS Health EVP and Chief Medical Officer CVS Health 5/2/2022 - Sheryl Burke - CVS Health SVP (Cross-Enterprise Strategic Innovation) CVS Health SVP (Corporate Social Responsibility) Tapestry, Inc. 4/27/2022 - David L. Casey Join CVS Health SVP (Workforce Strategies) and Chief Diversity Officer Tapestry, Inc Chief Inclusion and Social Impact Officer Prada S.p.A. 4/25/2022 - Pamela Yvonne Culpepper - Prada S.p.A. Corporate Board Director Prada S.p.A. Chairwoman The Home Depot 4/19/2022 - Matt Carey - The Home Depot EVP and Chief Information Officer The Home Depot EVP (Customer Experience) The Home Depot 4/19/2022 - Fahim Siddiqui - The Home Depot SVP (Information Technology) The Home Depot EVP and Chief Information Officer The Procter & Gamble Company 4/14/2022 - Jon R. Moeller - The Procter & Gamble Company President and CEO The Procter & Gamble Company Chairman, President and CEO The Procter & Gamble Company 4/14/2022 - David Taylor Leave The Procter & Gamble Company Chairman Walmart Inc. 4/12/2022 - John Rainey Join PayPal CFO and EVP (Global Customer Operations) Walmart Inc. EVP and CFO Walmart Inc. 4/12/2022 - Brett Biggs Leave Walmart Inc. CFO Lowe's Companies, Inc. 4/8/2022 - Brandon Sink - Lowe's Companies, Inc. SVP (Retail Finance) Lowe's Companies, Inc. EVP and CFO Lowe's Companies, Inc. 4/8/2022 - Dave Denton Leave Lowe's Companies, Inc. EVP and CFO - - JD.com, Inc 4/7/2022 - Lei Xu - JD.com, Inc President JD.com, Inc CEO JD.com, Inc 4/7/2022 - Richard Liu JD.com, Inc CEO and Chairman JD.com, Inc Chairman The Kroger Co. 4/5/2022 - Erin Rolfes - The Kroger Co. Head (Technology and Digital Communications) The Kroger Co. Director (Corporate Communications and Media Relations) Nordstrom, Inc. 4/4/2022 - Scott Meden Leave Nordstrom, Inc. Chief Marketing Officer - - Nordstrom, Inc. 4/4/2022 - Ken Worzel - Nordstrom, Inc. Chief Operating Officer Nordstrom, Inc. Chief Customer Officer Nordstrom, Inc. 4/4/2022 - Jamie Nordstrom - Nordstrom, Inc. President (Nordstrom stores) Nordstrom, Inc. Chief Stores Officer Burlington Stores, Inc. 4/4/2022 - John Crimmins Leave Burlington Stores, Inc. CFO - - Target Corporation 3/31/2022 - Robert M. Harrison Leave Target Corporation Chief Accounting Officer Alibaba Group Holding Limited 3/31/2022 - Chen Jun Leave Alibaba Group Holding Limited SVP Prada S.p.A. 3/23/2022 - Andrea Bonini Join Goldman Sachs Group, Inc. MD Prada S.p.A. CFO Prada S.p.A. 3/23/2022 - Alessandra Cozzani Leave Prada S.p.A. CFO - - Kimberly-Clark Corporation 3/22/2022 - Maria Henry Leave Kimberly-Clark Corporation CFO - - Kimberly-Clark Corporation 3/22/2022 - Nelson Urdaneta Join Mondelēz International SVP and Treasurer Kimberly-Clark Corporation CFO Foot Locker, Inc. 3/21/2022 - Samantha Lomow Join Hasbro, Inc. President (Branded Entertainment) Foot Locker, Inc. President (Global Brands) Capri Holdings Limited 3/21/2022 - Emmanuel Gintzburger Join Alexander McQueen CEO Capri Holdings Limited CEO (Versace) DICK's Sporting Goods, Inc. 3/21/2022 - Lee Belitsky Leave DICK's Sporting Goods, Inc. EVP (Real Estate, Supply Chain and Gamechanger) - - VF Corporation 3/17/2022 - Kevin Bailey - VF Corporation EVP and Group President (Emerging Brands), Asia Pacific VF Corporation President (Vans) Guess?, Inc. 3/16/2022 - Dennis Secor Join Kristin School Member, Board of Governors Guess?, Inc. Interim CFO Guess?, Inc. 3/16/2022 - Katie Anderson Leave Guess?, Inc. CFO - - Hanesbrands, Inc. 3/15/2022 - Jon Ram Leave Hanesbrands, Inc. President (Global Activewear) - - Macy’s, Inc. 3/14/2022 - Emily Erusha-Hilleque Join Target Design Director (RTW, Young Contemporary and Design Partnerships) Macy’s, Inc SVP (Private Brands) The Estée Lauder Companies Inc. 3/11/2022 - Israel Assa - The Estée Lauder Companies Inc. President (Commercial and Travel Retail), Worldwide The Estée Lauder Companies Inc. Global President (Travel Retail), Worldwide The Estée Lauder Companies Inc. 3/11/2022 - Olivier Bottrie Leave The Estée Lauder Companies Inc. Global President (Travel Retail and Retail Development) The Estée Lauder Companies Inc. 3/11/2022 - Javier Simon - The Estée Lauder Companies Inc. President (Travel Retail), Asia Pacific The Estée Lauder Companies Inc. President (Commercial and Travel Retail), Worldwide The Estée Lauder Companies Inc. 3/11/2022 - Andrea Dorigo - The Estée Lauder Companies Inc. Head of Commercial, North America The Estée Lauder Companies Inc. SVP, GM (Global Retail) and Head of Commercial, North America Colgate-Palmolive Company 3/10/2022 - Ram Raghavan - Colgate-Palmolive Company MD and CEO, India Colgate-Palmolive Company President (Oral Care) Marks and Spencer Group plc 3/10/2022 - Steve Rowe Leave Marks and Spencer Group plc CEO - - Marks and Spencer Group plc 3/10/2022 - Stuart Machin - Marks and Spencer Group plc COO and MD (Foods) Marks and Spencer Group plc Co-CEO Marks and Spencer Group plc 3/10/2022 - Katie Bickerstaffe - Marks and Spencer Group plc Joint COO Marks and Spencer Group plc Co-CEO Marks and Spencer Group plc 3/10/2022 - Eoin Tonge Marks and Spencer Group plc CFO Marks and Spencer Group plc Chief Strategy and Finance Officer. Columbia Sportswear Company 3/9/2022 - Pri Shumat Join Airbnb Head of Marketing Experiences & Olympics Columbia Sportswear Company Chief Marketing Officer - Columbia Brand Capri Holdings Limited 3/7/2022 - Joshua Schulman Leave Capri Holdings Limited CEO, Michael Kors - - The Clorox Company 3/2/2022 - Tony Matta Leave The Clorox Company EVP and Chief Growth Officer - - The Clorox Company 3/2/2022 - Stacey Grier - The Clorox Company SVP, Chief Marketing and Strategy Officer The Clorox Company EVP and Chief Growth and Strategy Officer Qurate Retail, Inc. 3/2/2022 - Mike Fitzharris - Qurate Retail, Inc. Chief Commercial Office HSN and QVC, US Qurate Retail, Inc. President- QVC, US Qurate Retail, Inc. 3/2/2022 - Rob Muller - Qurate Retail, Inc. SVP (Global Strategy and Business Development QVC and HSN) Qurate Retail, Inc. President, HSN Qurate Retail, Inc. 3/2/2022 - Mary Campbell - Qurate Retail, Inc. Chief Content, Digital and Platforms Officer QVC, US and HSN Qurate Retail, Inc. President (Accelerating Streaming Innovation) Ralph Lauren Corporation 3/2/2022 - Howard Smith Leave Ralph Lauren Corporation EVP and Chief Commercial Officer - - The Estée Lauder Companies Inc. 2/28/2022 - John Demsey Leave The Estée Lauder Companies Inc. Executive Group President - - Floor & Decor Holdings, Inc. 2/24/2022 - Ersan Sayman - Floor & Decor Holdings, Inc. SVP (Merchandising) Floor & Decor Holdings, Inc. EVP (Merchandising) Sprouts Farmers Market, Inc. 2/24/2022 - Nicholas Konat Join Petco Health and Wellness Company, Inc. Chief Merchandising Officer Sprouts Farmers Market, Inc President and COO Bath & Body Works, Inc. 2/23/2022 - Andrew Meslow Leave Bath & Body Works, Inc. CEO - - Bath & Body Works, Inc. 2/23/2022 - Sarah E. Nash - Bath & Body Works, Inc. Chair Bath & Body Works, Inc Executive Chair and Interim CEO Hermès International S.A. 2/21/2022 - Agnès de Villers - Hermès International S.A. CEO - Hermès Parfums Hermès International S.A. President and CEO - Hermès Parfum et Beauté Dollar Tree, Inc. 2/18/2022 - Bob Sasser Leave Dollar Tree, Inc. Executive Chairman - - Levi Strauss & Co 2/15/2022 - Jennifer Sey Leave Levi Strauss & Co President (Global Brand) Wayfair Inc. 2/15/2022 - Sean Halligan Join Cardinal Health SVP (Supply Chain) Wayfair Inc. Chief Global Supply Chain Officer Petco Health and Wellness Company, Inc. 2/11/2022 - Amy College - Petco Health and Wellness Company, Inc. SVP (Operations and Strategy) and Territory General Manager Petco Health and Wellness Company, Inc. Chief Merchandising Officer The Kroger Co. 2/9/2022 - Victor Smith - The Kroger Co. President, Delta Division The Kroger Co. President, Atlanta Division PVH Corp 2/9/2022 - Jim Holmes - PVH Corp Interim CFO PVH Corp EVP and Controller PVH Corp 2/9/2022 - Zac Coughlin Join DFS Group Limited (a subsidiary of LVMH Group) Group CFO and COO - DFS Group PVH Corp. EVP and CFO The Kroger Co. 2/8/2022 - Mark Tuffin Leave The Kroger Co. SVP (Retail divisions) - - The Kroger Co. 2/8/2022 - Kenny Kimball - The Kroger Co. President (Smith division) The Kroger Co SVP (Retail divisions) Koninklijke Ahold Delhaize N.V. 2/4/2022 - Vassilis Stavrou Leave Koninklijke Ahold Delhaize N.V. President of Alfa Beta RH 2/4/2022 - Christina Hargarten - RH VP (Accounting) RH Chief Accounting officer Costco Wholesale Corporation 2/2/2022 - Ron Vachris - Costco Wholesale Corporation COO (Merchandising) Costco Wholesale Corporation President and COO Costco Wholesale Corporation 2/2/2022 - Craig Jelinek - Costco Wholesale Corporation President Costco Wholesale Corporation CEO The Estée Lauder Companies 2/1/2022 - Daniel Mahler - The Estée Lauder Companies EVP (Global Transformation and Category Leadership) The Estée Lauder Companies EVP (Strategy and Transformation) Compagnie Financière Richemont SA 2/1/2022 - Bérangère Ruchat Join Firmenich Group SVP (Sustainability) Compagnie Financière Richemont SA Chief Sustainability Officer ContextLogic Inc. 1/31/2022 - Vijay Talwar Join Foot Locker CEO, Europe, Middle East and Africa ContextLogic Inc. CEO ContextLogic Inc. 1/31/2022 - Piotr Szulczewski - ContextLogic Inc. CEO ContextLogic Inc. Member of the Board The Home Depot 1/27/2022 - Edward Decker - The Home Depot President and COO The Home Depot CEO and President The Home Depot 1/27/2022 - Craig Menear - The Home Depot Chairman and CEO The Home Depot Chairman Wayfair Inc. 1/26/2022 - Fiona Tan Join Wayfair Inc. Global Head (Customer and Supplier Technology) Wayfair Inc. Chief Technology Officer Wayfair Inc. 1/26/2022 - Jim Miller Leave Wayfair Inc. Chief Technology Officer NIKE, Inc. 1/26/2022 - Ann Miller - NIKE, Inc. VP, Corporate Secretary and Chief Ethics and Compliance Officer NIKE, Inc EVP and General Counsel NIKE, Inc. 1/26/2022 - Hilary Krane Leave NIKE, Inc. EVP, Chief Administrative Officer and General Counsel Stitch Fix, Inc 1/24/2022 - Sachin Dhawan Join Visa Inc SVP (Infrastructure and Operations) Stitch Fix, Inc. Chief Technology Officer Ulta Beauty, Inc. 1/17/2022 - Jeffrey J. Childs Leave Ulta Beauty, Inc. CHRO Ulta Beauty, Inc. 1/17/2022 - Anita Ryan - Ulta Beauty, Inc. SVP, Human Resources Ulta Beauty, Inc. CHRO VF Corporation 1/11/2022 - Nicole Otto Join Nike VP–Nike Direct, North America V.F. Corporation Global Brand President–The North Face VF Corporation 1/11/2022 - Steve Murray Leave V.F. Corporation Global Brand President–The North Face Unibail-Rodamco-Westfield 1/6/2022 - Christi Karandikar - Unibail-Rodamco-Westfield EVP, Human Resources (US) Unibail-Rodamco-Westfield Executive Managing Director, Group People Officer and member of the Executive Committee lululemon athletica inc 1/6/2022 - Michael Aragon Join Twitch (Amazon.com, Inc.) Chief Content Officer- Twitch lululemon athletica inc CEO (MIRROR) and lululemon Digital Fitness Zalando SE 12/16/2021 - Sandra Dembeck Join Compass Group Plc Corporate Finance Director Zalando SE CFO Zalando SE 12/16/2021 - David Schröder - Zalando SE CFO Zalando SE COO The Kroger Co. 12/15/2021 - Laura Gump - The Kroger Co. VP, Merchandising (Houston Division) The Kroger Co. President, Houston Division Grocery Outlet Holding Corp. 12/15/2021 - Pamela Burke - Grocery Outlet Holding Corp Chief Administrative Officer and General Counsel Grocery Outlet Holding Corp Chief Stores Officer Grocery Outlet Holding Corp. 12/15/2021 - Heather Mayo Leave Grocery Outlet Holding Corp Chief Sales & Merchandising Officer, East - - Ollie’s Bargain Outlet Holdings, Inc. 12/13/2021 - Mario Sampson Join Unique Industries SVP,Operations Ollie’s Bargain Outlet Holdings, Inc. SVP, Supply Chain Unibail-Rodamco-Westfield SE 12/9/2021 - Sylvain Montcouquiol - Unibail-Rodamco-Westfield SE Executive Managing Director of Human Resources Unibail-Rodamco-Westfield SE Chief Resources and Sustainability Officer (CRSO) and member of the Management Board Unibail-Rodamco-Westfield SE 12/9/2021 - Astrid Panosyan Leave Unibail-Rodamco-Westfield SE Chief Resources and Sustainability Officer Alibaba Group Holding Limited 12/5/2021 - Toby Xu - Alibaba Group Holding Limited Deputy CFO Alibaba Group Holding Limited CFO Alibaba Group Holding Limited 12/5/2021 - Maggie Wu Leave Alibaba Group Holding Limited CFO Walmart Inc. 11/29/2021 - Brett Biggs Leave Walmart Inc. EVP and CFO Canada Goose Holdings Inc. 11/24/2021 - Paul Cadman Join PMC Global Hong Kong Ltd CEO Canada Goose Holdings Inc. President, Asia-Pacific L’Oréal S.A. 11/24/2021 - Krishna Vilasini Bharadwaj Join Abbott Healthcare Pvt. Ltd. Head of Public Affairs L’Oréal S.A. Director, Corporate Affairs & Engagement The Kroger Co. 11/22/2021 - Rod Antolock Leave The Kroger Co. President - Harris Teeter - - The Kroger Co. 11/22/2021 - Tammy DeBoer - The Kroger Co. SVP (Merchandising, Operations, and Marketing) - Harris Teeter The Kroger Co. President - Harris Teeter The Estée Lauder Companies 11/19/2021 - Joy Fan Join The Estée Lauder Companies GM and VP, Asia Pacific The Estée Lauder Companies President and CEO, China The Estée Lauder Companies 11/19/2021 - Mark Loomis - The Estée Lauder Companies President, Asia Pacific The Estée Lauder Companies President, North America The Estée Lauder Companies 11/19/2021 - Matthew Growdon - The Estée Lauder Companies GM, Japan The Estée Lauder Companies SVP and GM, Asia Pacific Foot Locker, Inc. 11/18/2021 - Franklin R. Bracken - Foot Locker, Inc. EVP and CEO, North America Foot Locker, Inc COO Foot Locker, Inc. 11/18/2021 - Susan J. Kuhn - Foot Locker, Inc. SVP and GM, Europe Foot Locker, Inc President, EMEA and GM, Europe Stitch Fix, Inc. 11/18/2021 - Sarah Barkema Join Fortive VP (Finance and Reporting) Stitch Fix, Inc Chief Accounting Officer Capri Holdings Limited 11/17/2021 - Cedric Wilmotte - Capri Holdings Limited President, EMEA - Michael Kors Capri Holdings Limited Interim CEO - Versace The Estée Lauder Companies 11/16/2021 - Chris Good leave The Estée Lauder Companies Group President, North America - - Coty Inc. 11/16/2021 - Shimei Fan Join Shiseido (Americas Innovation Center) SVP Coty Inc. Chief Scientific Officer ContextLogic Inc. 11/10/2021 - Piotr Szulczewski Leave ContextLogic Inc. CEO - - RH 11/8/2021 - DeMonty Price Leave RH President and Chief Operating, Service and Values Officer - - RH 11/8/2021 - Stefan Duban - RH SVP and Chief Gallery Officer RH Chief Gallery and Customer Office RH 11/8/2021 - Fernando Garcia - RH President (Home Delivery) RH Chief Supply Chain Officer and President (Home Delivery) RH 11/8/2021 - Sandy Pilon - RH Chief People Officer RH Chief People and Values Office The Estée Lauder Companies Inc. 10/28/2021 - Peter Jueptner - The Estée Lauder Companies Inc. President ((EMEA) The Estée Lauder Companies Inc. Group President (International) The Estée Lauder Companies Inc. 10/28/2021 - Cedric Prouvé Leave The Estée Lauder Companies Inc. Group President (International) - - The Estée Lauder Companies Inc. 10/28/2021 - Nadine Graf - The Estée Lauder Companies Inc. Vice President, General Manager, EMEA Markets The Estée Lauder Companies Inc. Senior Vice President, General Manager, EMEA The Estée Lauder Companies Inc. (NYSE:EL) 10/26/2021 - Cedric Prouvé Leave The Estée Lauder Companies Inc. (NYSE:EL) Group President, International - - BJ’s Wholesale Club Holdings, Inc. 10/25/2021 - Rachael Vegas Join H-E-B SVP (E-Commerce Merchandising) BJ’s Wholesale Club Holdings, Inc. EVP and Chief Merchandising Officer BJ’s Wholesale Club Holdings, Inc. 10/25/2021 - Tim Morningstar - BJ’s Wholesale Club Holdings, Inc. SVP (Membership Acquisition and Loyalty) BJ’s Wholesale Club Holdings, Inc. EVP and Chief Membership Office BJ’s Wholesale Club Holdings, Inc. 10/25/2021 - Monica Schwartz - BJ’s Wholesale Club Holdings, Inc. SVP and Chief Digital Officer BJ’s Wholesale Club Holdings, Inc. EVP and Chief Digital Officer Contextlogic Inc. 10/25/2021 - Vivian Liu Join Shutterfly, Inc. SVP and CFO ContextLogic Inc. CFO Levi Strauss & Co. 10/25/2021 - Sanjeev Mohanty - Levi Strauss & Co. SVP and MD, South Asia-Middle East and Africa Levi Strauss & Co SVP and MD, US and Canada The Home Depot, Inc. 10/22/2021 - John Deaton - The Home Depot, Inc. SVP (Retail Operations) The Home Depot, Inc. VP (Supply Chain and Product Development) The Home Depot, Inc. 10/22/2021 - Mark Holifield Leave The Home Depot, Inc. VP (Supply Chain and Product Development) - - Burberry Group plc 10/20/2021 - Jonathan Akeroyd Join Capri Holdings Limited CEO, Versace Burberry Group plc CEO CVS Health Corporation 10/18/2021 - Joneigh Khaldun Join Michigan Department of Health and Human Services Chief Medical Executive and Chief Deputy Director CVS Health Corporation VP and Chief Health Equity Officer Under Armour, Inc. 10/14/2021 - Massimo Baratto - Under Armour, Inc. Managing Director, EMEA region Under Armour, Inc. EVP, Chief Consumer Officer Walgreens Boots Alliance, Inc. Announces 10/12/2021 - Holly Ma Join Abercrombie & Fitch Co Global Chief Human Resources Officer Walgreens Boots Alliance, Inc. Announces EVP and Global Chief Human Resources Officer Walgreens Boots Alliance, Inc. Announces 10/12/2021 - Anita Allemand Join Optum Senior Vice President of Health Solutions Walgreens Boots Alliance, Inc. Announces Chief Transformation and Integration Officer. ASOS Plc 10/11/2021 - Mat Dunn - ASOS Plc CFO ASOS Plc CFO and COO ASOS Plc 10/11/2021 - Nick Beighton Leave ASOS Plc CEO ASOS Plc 10/11/2021 - Ian Dyson - ASOS Plc Non-Executive Director ASOS Plc Chairman ASOS Plc 10/11/2021 - Katy Mecklenburgh - ASOS Plc Director (Group Finance) ASOS Plc Interim CFO ASOS Plc 10/11/2021 - Adam Crozier Leave ASOS Plc Chairman Walmart Inc. 10/6/2021 - Chris Nicholas - cc EVP and CFO, US Walmart Inc. COO, US Walmart Inc. 10/6/2021 - Seth Dallaire Join Instacart Chief Revenue Officer Walmart Inc. Chief Revenue Officer, US Walmart Inc. 10/6/2021 - Steve Schmitt - Walmart Inc. EVP and CFO (Omnichannel, US) Walmart Inc. CFO, US Kering SA 10/1/2021 - Thierry Marty Join Louis Vitton CEO, Korea Kering SA President, North and South-East Asia Pacific Koninklijke Ahold Delhaize N.V. 9/30/2021 - Natalia Wallenberg Join Syngenta Group Global Head of Human Resources (Crop Protection) Koninklijke Ahold Delhaize N.V. Chief Human Resources Officer Ross Stores, Inc. 9/29/2021 - Adam Orvos - Ross Stores, Inc. SVP (Supply Chain Administration) Ross Stores, Inc. EVP and CFO The RealReal, Inc. 9/21/2021 - Robert Julian Join Sportsman's Warehouse Holdings Inc. EVP and CFO The RealReal, Inc. CFO The RealReal, Inc. 9/21/2021 - Matt Gustke Leave The RealReal, Inc. CFO - - Tapestry, Inc. 9/17/2021 - Susan Kropf Leave Tapestry, Inc. Chairman - - eBay Inc. 9/10/2021 - Jae Hyun Lee Leave eBay Inc. SVP, International JD.Com, Inc. 9/6/2021 - Lijun Xin - JD.Com, Inc. Executive director and CEO - JD Health JD.Com, Inc. CEO - JD Retail JD.Com, Inc. 9/6/2021 - Enlin Jin - JD.Com, Inc. Head of Strategy and Investment - JD Health JD.Com, Inc. CEO - JD Health International JD.Com, Inc. 9/6/2021 - Lei Xu - JD.Com, Inc. CEO - JD Retail JD.Com, Inc. President Costco Wholesale Corporation 9/3/2021 - Joseph Portera leave Costco Wholesale Corporation EVP, Eastern and Canadian Divisions - - Costco Wholesale Corporation 9/3/2021 - Yoram Rubananko - Costco Wholesale Corporation SVP and GM, Southeast Region Costco Wholesale Corporation EVP, Northeast and Southeast Region Target Corporation 9/1/2021 - Mike McNamara leave Target Corporation Chief Information Officer - - PVH Corp 8/31/2021 - James W. Holmes - PVH Corp SVP and Controller PVH Corp EVP, Interim CFO and Controller Walgreens Boots Alliance, Inc 8/27/2021 - Danielle Gray Join Blue Cross and Blue Shield of North Carolina SVP, Chief Legal & Administrative Officer and Corporate Secretary Walgreens Boots Alliance, Inc EVP and Global Chief Legal Officer Walgreens Boots Alliance, Inc 8/27/2021 - Tracey Brown Join American Diabetes Association CEO Walgreens Boots Alliance, Inc President (Retail Products) and Chief Customer Officer Walgreens Boots Alliance, Inc 8/27/2021 - Jeff Gruener Join PVH Corp SVP (Finance & Strategy) Walgreens Boots Alliance, Inc SVP and CFO Target Corporation 8/25/2021 - Sarah Travis Join Google MD (Retail) Target Corporation President - Roundel Capri Holdings Limited 8/24/2021 - Joshua Schulman Join Tapestry, Inc CEO - Coach Capri Holdings Limited CEO, Michael Kors Capri Holdings Limited 8/24/2021 - Joshua Schulman Join Tapestry, Inc. President and CEO - Coach Capri Holdings Limited CEO - Michael Kors Dick's Sporting Goods 8/19/2021 - Navdeep Gupta - Dick's Sporting Goods SVP (Finance) and Chief Accounting Officer DICK'S Sporting Goods EVP and Chief Financial Officer Dick's Sporting Goods 8/19/2021 - Lee Belitsky - Dick's Sporting Goods EVP and Chief Financial Officer DICK'S Sporting Goods EVP Walmart Inc. 8/18/2021 - Matt Miner Join Lewis & Bockius LLP Partner Walmart Inc. EVP and Global Chief Ethics and Compliance Officer Ollie’s Bargain Outlet Holdings, Inc. 8/12/2021 - Ray Daugherty Leave Ollie’s Bargain Outlet Holdings, Inc. SVP (Supply Chain) - - HanesBrands 8/11/2021 - Maria Teza - HanesBrands VP and GM (Intimates) HanesBrands SVP (Champion Brand), U.S Albertsons Companies 8/10/2021 - Sharon McCollam Join - - Albertsons Companies President and CFO Albertsons Companies 8/10/2021 - Bob Dimond leave Albertsons Companies President and CFO - - Instacart 8/4/2021 - Carolyn Everson Join Facebook VP (Global Marketing Solutions) Instacart President Contextlogic Inc. 8/2/2021 - Tarun Jain Join Google Director (Product Management) Contextlogic Inc. Chief Product Officer. The Kroger Co. 7/27/2021 - Keith Shoemaker Join The Kroger Co. VP (Operations Dallas division) The Kroger Co President (Dallas division) The Kroger Co. 7/27/2021 - Adam Wampler Leave The Kroger Co. President (Dallas division) - - The Kroger Co. 7/22/2021 - Lori Raya Join SpartanNash Chief Merchandising and Marketing Officer The Kroger Co. President (Mid-Atlantic Division) The Kroger Co. 7/22/2021 - Paula Ginnett - The Kroger Co. President (Mid-Atlantic Division) The Kroger Co Group VP (Retail Operations) The Kroger Co. 7/21/2021 - Rob Quast - The Kroger Co. Director (Risk Management) The Kroger Co. Director (Investor Relations) Coty Inc 7/21/2021 - Constantin Sklavenitis Join MAC Cosmetics SVP and GM, North America Coty Inc Chief Prestige Brands Officer The Estée Lauder Companies 7/20/2021 - Daniel Mahler - The Estée Lauder Companies Co-Chair, Global Transformation Committee The Estée Lauder Companies EVP (Global Transformation and Category Leadership) Nordstrom, Inc. 7/20/2021 - Farrell Redwine - Nordstrom, Inc. SVP (Human Resources) Nordstrom, Inc. Chief Human Resources Officer. Walgreens Boots Alliance, Inc. 7/20/2021 - Manmohan Mahajan - Walgreens Boots Alliance, Inc. VP, Assistant Global Controller Walgreens Boots Alliance, Inc. SVP, Global Controller and Chief Accounting Office Estee Lauder Companies Inc 7/15/2021 - Sue Fox - Estee Lauder Companies Inc SVP and General Manager, UK and Ireland Estee Lauder Companies Inc President, UK and Ireland Burlington Stores, Inc. 7/15/2021 - Travis Marquette Join Ross Stores, Inc. EVP and CFO Burlington Stores, Inc. President and Chief Operating Officer Ross Stores, Inc. 7/14/2021 - Travis Marquette Leave Ross Stores, Inc. EVP and CFO - - The Kroger Co. 7/14/2021 - Valerie Jabbar - The Kroger Co. Group VP (Center Store Merchandising) The Kroger Co. SVP (Retail Divisions) The Kroger Co. 7/14/2021 - Steve McKinney Leave The Kroger Co. SVP (Retail Divisions) - - Qurate Retail, Inc. 7/13/2021 - David Rawlinson II Join NielsenIQ CEO Qurate Retail, Inc President and CEO Qurate Retail, Inc. 7/13/2021 - Mike George Leave Qurate Retail, Inc President and CEO - - Big Lots, Inc. 7/13/2021 - Gurmeet Singh Join Al Futtaim Group Chief Digital Officer Big Lots, Inc. EVP, Chief Technology Officer Big Lots, Inc. 7/13/2021 - Stew Wenerstrom Leave Big Lots, Inc. Chief Technology Officer - - ContextLogic Inc. 7/12/2021 - Farhang Kassaei Join Google Senior Director ContextLogic Inc. Chief Technology Officer Instacart 7/8/2021 - Fidji Simo Join Facebook Head (Facebook App) Instacart CEO Instacart 7/8/2021 - Apoorva Mehta - Instacart Founder and CEO Instacart Chairman Dollar General Corporation 7/7/2021 - Albert Wu Join McKinsey & Company Engagement Manager Dollar General Corporation VP and Chief Medical Officer The Estée Lauder Companies Inc. 7/1/2021 - Michelle Freyre - The Estée Lauder Companies Inc. SVP and Global General Manager - Clinique The Estée Lauder Companies Inc. Global Brand President - Clinique The Estée Lauder Companies Inc. 7/1/2021 - Glenn Evans - The Estée Lauder Companies Inc. SVP and General Manager - Smashbox The Estée Lauder Companies Inc. Global Brand President - Smashbox and GLAMGLOW Williams-Sonoma, Inc 6/30/2021 - Jason Edelman Join RH SVP (Merchandising - Furniture) Williams-Sonoma, Inc SVP (Williams Sonoma Home brand) ContextLogic Inc. 6/30/2021 - Rajat Bahri Leave ContextLogic Inc. CFO - - Burberry Group Plc 6/28/2021 - Marco Gobbetti Leave Burberry Group Plc CEO - - Stitch Fix, Inc. 6/28/2021 - Katrina Lake - Stitch Fix, Inc. Founder and CEO Stitch Fix, Inc Executive Chairperson Stitch Fix, Inc. 6/28/2021 - Elizabeth Spaulding - Stitch Fix, Inc. President Stitch Fix, Inc CEO Coty Inc. 6/25/2021 - Richard Jones Leave Coty Inc. Chief Supply Officer and Head (R&D) L’Oréal S.A. 6/24/2021 - Alexandre Popoff Leave L’Oréal S.A. President, Eastern Europe - - L’Oréal S.A. 6/24/2021 - Vianney Derville - L’Oréal S.A. President, Western Europe L’Oréal S.A. President, Europe Albertsons Companies, Inc. 6/16/2021 - Jennifer Saenz Join PepsiCo Global Chief Marketing Officer and President Albertsons Companies, Inc. EVP, Chief Merchandising Officer RH 6/16/2021 - Glenda Citragno Leave RH SVP and Chief Accounting Officer Unibail-Rodamco-Westfield SE 6/15/2021 - Caroline Puechoultres Join Carrefour Sales and Strategy director Unibail-Rodamco-Westfield SE Chief Customer Officer (CCO) PVH Corp 6/2/2021 - Mike Shaffer Leave PVH Corp Chief Operating and Financial Officer - - PVH Corp 6/2/2021 - Cheryl Abel-Hodges Leave PVH Corp CEO - Calvin Klein - - Capri Holdings Limited 6/1/2021 - Jenna A. Hendricks - Capri Holdings Limited SVP (Global Human Resource) Capri Holdings Limited SVP and Chief People Officer Amazon.com, Inc. 5/27/2021 - Jeff Bezos Leave Amazon.com, Inc. CEO - - Amazon.com, Inc. 5/27/2021 - Andy Jassy - Amazon.com, Inc. CEO (Amazon Web Services) Amazon.com, Inc. CEO Coty Inc. 5/26/2021 - Andrew Stanleick - Coty Inc. EVP, Americas Coty Inc. CEO - Kylie Jenner Beauty Brands Coty Inc. 5/21/2021 - Simona Cattaneo Leave Coty Inc. President (Luxury Brands) - - Walgreens Boots Alliance, Inc. 5/20/2021 - Heather Dixon Leave Walgreens Boots Alliance, Inc. SVP, Global Controller and Chief Accounting Officer - - CVS Health Corporation 5/18/2021 - Shawn Guertin Join DaVita Kidney Care and TriNet Member Board Of Directors CVS Health Corporation EVP and CFO eBay Inc. 5/17/2021 - Steve Priest Join JetBlue's CFO eBay Inc CFO Contextlogic Inc. 5/12/2021 - Jacqueline Reses - Square Financial Services LLC Executive Chairperson Contextlogic Inc. Executive Chairperson The Estée Lauder Companies Inc. 5/11/2021 - Meridith Webster Join Vox Media, Inc. COO The Estée Lauder Companies Inc. EVP Global Communications and Public Affairs The RealReal, Inc. 5/10/2021 - Matt Gustke Leave The RealReal, Inc. CFO - - Burlington Stores, Inc. 5/6/2021 - Fred Hand Leave Burlington Stores, Inc. COO Tuesday Morning CEO L’Oréal S.A. 5/5/2021 - Asmita Dubey - L’Oréal S.A. Chief Media Officer and Chief Digital Officer (Consumer Products Division) L’Oréal S.A. Chief Digital Officer eBay Inc. 5/5/2021 - Stefanie Jay Join Walmart VP and GM (Walmart Connect) eBay Inc. Chief Business and Strategy Officer Ollie’s Bargain Outlet Holdings, Inc. 5/3/2021 - Eric van der Valk Join Christmas Tree Shops President and COO Ollie’s Bargain Outlet Holdings, Inc. EVP and COO Walgreens Boots Alliance, Inc. 4/30/2021 - Alexander W. Gourlay - Walgreens Boots Alliance, Inc. Co-COO Walgreens Boots Alliance, Inc. Senior Advisor to CEO Walgreens Boots Alliance, Inc. 4/30/2021 - Ornella Barra - Walgreens Boots Alliance, Inc. Co-COO Walgreens Boots Alliance, Inc. COO, International Tapestry, Inc. 4/29/2021 - Scott A. Roe Join VF Corporation CFO Tapestry, Inc CFO Tapestry, Inc. 4/29/2021 - Andrea Shaw Resnick - Tapestry, Inc Interim CFO Tapestry, Inc Chief Communications Officer Tapestry, Inc. 4/29/2021 - Christina Colone - Tapestry, Inc VP (Investor Relations) Tapestry, Inc Global Head (Investor Relations) HanesBrands 4/29/2021 - Michael Dastugue Join Walmart,U.S EVP and CFO HanesBrands CFO Best Buy Co. 4/29/2021 - Mike Mohan Leave Best Buy Co President and COO - - Levi Strauss & Co. 4/26/2021 - Gavin Brockett Leave Levi Strauss & Co. SVP, Global Controller and Principal accounting officer - - Levi Strauss & Co. 4/26/2021 - Lisa Stirling - Levi Strauss & Co. VP and Assistant Global Controller. Levi Strauss & Co. Global Controller and principal accounting officer V.F. Corporation 4/22/2021 - Matt Puckett - V.F. Corporation VP (Global Financial Planning & Analysis) V.F. Corporation EVP and CFO V.F. Corporation 4/22/2021 - Scott Roe leave V.F. Corporation CFO - - Albertsons Companies, Inc. 4/22/2021 - Danielle Crop Join American Express Chief Data Officer Albertsons Companies, Inc SVP and Chief Data Office RH 4/22/2021 - David Stanchak Leave RH President and Chief Real Estate and Development Officer - - L’Oréal S.A 4/20/2021 - Jean-Paul Agon - L’Oréal S.A Chairman and CEO L’Oréal S.A Chairman L’Oréal S.A 4/20/2021 - Nicolas Hieronimus - L’Oréal S.A President (Luxury, Active Cosmetics, Professional Products) L’Oréal S.A CEO BJ's Wholesale Club Holdings, Inc. 4/19/2021 - Bill Werner - BJ's Wholesale Club Holdings, Inc. SVP (Strategic Planning and Investor Relations) BJ's Wholesale Club Holdings, Inc. EVP (Strategy and Development) BJ's Wholesale Club Holdings, Inc. 4/19/2021 - Paul Cichocki - BJ's Wholesale Club Holdings, Inc. EVP (Membership, Analytics and Business Transformation) BJ's Wholesale Club Holdings, Inc. EVP and Chief Commercial Office BJ's Wholesale Club Holdings, Inc. 4/19/2021 - Bob Eddy - BJ's Wholesale Club Holdings, Inc. Interim CEO, EVP and CFO BJ's Wholesale Club Holdings, Inc. President and CEO BJ's Wholesale Club Holdings, Inc. 4/19/2021 - Laura Felice - BJ's Wholesale Club Holdings, Inc. SVP and Controller BJ's Wholesale Club Holdings, Inc. EVP and CFO Intel Corporation 4/15/2021 - Dawn Jones - Intel Corporation Gobal director (Policy, Strategy and Partnerships) Intel Corporation Chief Diversity and Inclusion Officer and VP (Social Impact) Tapestry, Inc. 4/15/2021 - Todd Kahn - Tapestry, Inc. Interim CEO and Brand President - Coach Tapestry, Inc. CEO and Brand President - Coach Tapestry, Inc. 4/15/2021 - Joanne Crevoiserat - Tapestry, Inc. CEO Tapestry, Inc. President and CEO The Estée Lauder Companies 4/13/2021 - Alexandra Trower Leave The Estée Lauder Companies EVP (Global Communications) - - Dollar Tree, Inc. 4/13/2021 - Alasdair James Join Pier 1 Imports CEO Dollar Tree, Inc. EVP (Merchandising and Supply Chain) Stitch Fix, Inc. 4/13/2021 - Katrina Lake - Stitch Fix, Inc CEO Stitch Fix, Inc Chairman Stitch Fix, Inc. 4/13/2021 - Elizabeth Spaulding - Stitch Fix, Inc President Stitch Fix, Inc CEO Urban Outfitters, Inc. 4/12/2021 - Hillary Super Leave Urban Outfitters, Inc. Global CEO - Anthropologie Group - - x 4/12/2021 - Tricia D. Smith Join Tilly’s EVP and Chief Merchandising Officer Urban Outfitters, Inc. Global CEO - Anthropologie Group VF Corporation 3/31/2021 - Andreas Olsson - VF Corporation Director (Group Digital Accounts), EMEA VF Corporation General Manager - Dickies, EMEA VF Corporation 3/31/2021 - Massimo Ferrucci - VF Corporation GM (Emerging Markets) VF Corporation President - Napapijri and GM (Emerging Markets) VF Corporation 3/31/2021 - Argu Secilmis - VF Corporation VP(Global Apparel) - Timberland VF Corporation VP (Product and Marketing) - Napapijri VF Corporation 3/31/2021 - Stuart Pond - VF Corporation VP (Supply Chain), Asia Pacific region VF Corporation VP (Supply Chain Operations), EMEA VF Corporation 3/31/2021 - Timo Schmidt-Eisenhart Leave VF Corporation President - Napapijri - - VF Corporation 3/31/2021 - Darren Miller Leave VF Corporation VP (Supply Chain Operations), EMEA - - Qurate Retail, Inc. 3/31/2021 - David Gerbitz Join David Gerbitz, LLC Advisor and Executive Coach Qurate Retail, Inc. Chief People Officer Foot Locker, Inc. 3/25/2021 - Andrew E. Page Join Advance Auto Parts, Inc SVP, Chief Accounting Officer and Controller Foot Locker, Inc EVP and CFO Stitch Fix, Inc. 3/23/2021 - Sharon Chiarella Join Amazon VP (Community Shopping) Stitch Fix, Inc. Chief Product Officer Ulta Beauty Inc 3/11/2021 - Kecia Steelman - Ulta Beauty Inc Chief Store Operations Officer Ulta Beauty Inc Chief Operating Officer Ulta Beauty Inc 3/11/2021 - Dave Kimbell - Ulta Beauty Inc President Ulta Beauty Inc CEO Ulta Beauty Inc 3/11/2021 - Mary Dillon Leave Ulta Beauty Inc CEO Ulta Beauty Inc Executive Chairman Wayfair Inc. 3/11/2021 - Ed Macri Leave Wayfair Inc. Chief Product and Marketing Officer - - BJ's Wholesale Club Holdings, Inc. 3/9/2021 - Lee Delaney Leave BJ's Wholesale Club Holdings, Inc. President and CEO - - BJ's Wholesale Club Holdings, Inc. 3/9/2021 - Bob Eddy - BJ's Wholesale Club Holdings, Inc. EVP, Chief Administrative and Financial Officer BJ's Wholesale Club Holdings, Inc. Interim CEO BJ's Wholesale Club Holdings, Inc. 3/9/2021 - Christopher J. Baldwin - BJ's Wholesale Club Holdings, Inc. Chairman BJ's Wholesale Club Holdings, Inc. Executive Chairman NIKE, Inc. 3/9/2021 - Sarah Mensah NIKE, Inc. VP and GM, APLA NIKE, Inc. VP and GM, North America NIKE, Inc. 3/9/2021 - Ann Hebert NIKE, Inc. VP and GM, North America - - NIKE, Inc. 3/9/2021 - Amy Montagne NIKE, Inc. VP and GM (Global Merchandising) NIKE, Inc. VP and GM, APLA NIKE, Inc. 3/9/2021 - Aaron Cain NIKE, Inc. VP and GM (Men's), North America NIKE, Inc. VP and GM (Men’s) Hanesbrands Inc. 3/5/2021 - Tracy Preston Join The Neiman Marcus Group EVP, chief legal officer, corporate secretary and chief compliance office Hanesbrands Inc. General counsel, corporate secretary and chief compliance officer Foot Locker, Inc 3/5/2021 - Melody Ehsani Join Melody Ehsani Design Inc. CEO Foot Locker, Inc Creative Director ( women's business) Hanesbrands Inc. 3/3/2021 - Jane Newman - Hanesbrands Inc. Creative Director (Hanes Australasia Apparel Group) Hanesbrands Inc. Chief Design Officer (Global Innerwear) VF Corporation 3/3/2021 - Susie Mulder Join NIC+ZOE CEO VF Corporation Global Brand President - Timberland Capri Holdings Limited 3/2/2021 - Alejandro Martinez-Galindo Join Walgreens Boots Alliance Chief Information Officer Capri Holdings Limited Chief Information Officer The Kroger Co 3/1/2021 - Mike Donnelly Leave The Kroger Co EVP and COO - - Macy's, Inc. 3/1/2021 - John Harper Leave Macy's, Inc. COO - - Macy's, Inc. 3/1/2021 - Laura Miller Join InterContinental Hotel Group (IHG) Chief Information Officer Macy's, Inc. Chief Information Officer Macy's, Inc. 3/1/2021 - Marla Beck Leave Macy's, Inc. CEO and Co-Founder - Bluemercury - - Macy's, Inc. 3/1/2021 - Chuck DiGiovanna - Macy's, Inc. VP (Real Estate) Macy's, Inc. SVP (Real Estate) Macy's, Inc. 3/1/2021 - Douglas W. Sesler Leave Macy's, Inc. SVP (Real Estate) - - Dollar General 2/18/2021 - Mike Kind Leave Dollar General EVP (Global Supply Chain) - - Dollar General 2/18/2021 - Tony Zuazo - Dollar General SVP (Inventory and Transportation) Dollar General EVP (Global Supply Chain) Dollar General 2/18/2021 - Rod West - Dollar General VP (Perishables Growth and Development) Dollar General SVP (Distribution) Best Buy Co., Inc. 2/17/2021 - Whit Alexander Leave Best Buy Co., Inc. Chief Strategy Officer - - Pinduoduo Inc 2/17/2021 - Chen Lei - Pinduoduo Inc CEO Pinduoduo Inc CEO and Chairman Macy’s, Inc 2/16/2021 - Xingchu Liu Join The Home Depot President - BlackLocus Macy’s, Inc SVP (Enterprise Data and Analytics) Target Corporation 2/16/2021 - Christina Hennington - Target Corporation EVP and Chief Merchandising Officer Target Corporation EVP and Chief Growth Officer Target Corporation 2/16/2021 - Rick Gomez - Target Corporation Chief Marketing, Digital and Strategy Officer Target Corporation EVP and Chief Food and Beverage Officer Target Corporation 2/16/2021 - Cara Sylvester - Target Corporation SVP (Home) Target Corporation EVP and Chief Marketing and Digital Officer Target Corporation 2/16/2021 - Jill Sando - Target Corporation EVP and Chief Merchandising Officer (Style and Owned Brands) Target Corporation EVP and Chief Merchandising Officer Target Corporation 2/16/2021 - Katie Boylan - Target Corporation EVP and Chief Communications Officer Target Corporation EVP and Chief Communications Officer PVH Corp. 2/10/2021 - Trish Donnelly Join Urban Outfitters Group CEO PVH CEO, Americas L Brands, Inc. 2/4/2021 - Stuart Burgdoerfer Leave L Brands, Inc. CFO - - L Brands, Inc. 2/4/2021 - Martin Waters - L Brands, Inc. CEO (Lingerie) - Victoria’s Secret L Brands, Inc. CEO - Victoria’s Secret Nordstrom, Inc 2/2/2021 - Alix Box Join LCBO Chief Customer Officer Nordstrom, In SVP and Regional Manager, Canada Nordstrom, Inc 2/2/2021 - Michelle Haggard Leave Nordstrom, In SVP and Regional Manager, Canada - - Instacart 2/2/2021 - Asha Sharma Join Facebook VP (Product and Engineering) Instacart Chief Operating Officer Amazon.Com, Inc. 2/2/2021 - Jeff Bezos - Amazon.Com, Inc. CEO Amazon.Com, Inc. Executive chairman Amazon.Com, Inc. 2/2/2021 - Andy Jassy - Amazon.Com, Inc. CEO (Amazon Web Services) Amazon.Com, Inc. CEO Intel Corporation 1/27/2021 - Sunil Shenoy - SVP and GM (RISC-V) SiFive Intel Corporation SVP and GM (Design Engineering Group) Walgreens Boots Alliance, Inc. 1/26/2021 - Rosalind Brewer Join Starbucks Corporation COO and Group President Walgreens Boots Alliance, Inc. CEO The Estée Lauder Companies Inc. 1/25/2021 - Gregory F. Polcer leave The Estée Lauder Companies Inc. EVP (Global Supply Chain) - - The Estée Lauder Companies Inc. 1/25/2021 - Roberto Canevari Join Unilever PLC EVP (Supply Chain), Europe The Estée Lauder Companies Inc. EVP (Global Supply Chain) Tractor Supply Company 1/25/2021 - Matthew Rubin Join The Michaels Companies SVP ( Business Development and Growth) Tractor Supply Company SVP and GM (Petsense) Tractor Supply Company 1/25/2021 - Steve Neibergal leave Tractor Supply Company VP (Petsense) - - Intel Corporation 1/23/2021 - Todd M. Underwood leave Intel Corporation Corporate VP and CFO (Client Computing Group) - - Coty Inc. 1/22/2021 - Stéphane Delbos - Coty Inc. SVP (Transformation, Indirect and Procurement Operations) Coty Inc. Chief Procurement Officer Lowe's Companies, Inc. 1/21/2021 - Shiwani Varma Vyas Join Brillio Head (Internal Communications and Employer Branding) Lowe's Companies, Inc. Associate Director (Corporate Communications and CSR) Hanesbrands Inc. 1/21/2021 - Joe Cavaliere Join C&S Wholesale Grocers President and GM (Retail Chain Division) Hanesbrands Inc. Group president (Global Innerwear) Taubman Company LLC 1/21/2021 - Simon Leopold Leave Taubman Company LLC EVP and CFO - - Taubman Company LLC 1/21/2021 - Benjamin Meeker - Taubman Company LLC VP (Capital Markets) and Treasurer Taubman Company LLC SVP, CFO and Treasurer eBay Inc. 1/20/2021 - Cornelius Boone Join American Airlines VP (Human Resources) eBay Inc. SVP and Chief People Officer Walmart Inc 1/15/2021 - Marc Lore leave Walmart Inc President and CEO (eCommerce), U.S. - - The Estée Lauder Companies Inc. 1/15/2021 - Dave Smith Join Corning Incorporated Head (Corporate Venture Capital) and Director (M&A) The Estée Lauder Companies Inc. SVP (New Business Development) Canada Goose Holdings Inc 1/14/2021 - Scott Cameron Join Canada Goose Holdings Inc President, Greater China Canada Goose Holdings Inc President, APAC Intel Corporation 1/13/2021 - Bob Swan Leave Intel Corporation CEO - Intel Corporation 1/13/2021 - Pat Gelsinger Join VMware CEO Intel Corporation CEO Urban Outfitters, Inc 1/12/2021 - Trish Donnelly Leave Urban Outfitters, Inc CEO - - Urban Outfitters, Inc 1/12/2021 - Sheila Harrington - Urban Outfitters, Inc President Urban Outfitters, Inc CEO - Urban Outfitters Group and Free People Group Urban Outfitters, Inc 1/12/2021 - Gabrielle Conforti - Urban Outfitters, Inc Chief Merchandising Officer Urban Outfitters, Inc President, North America CVS Health Corporation 1/11/2021 - Laurie Havanec Join Otis Elevator Co. EVP and Chief People Officer CVS Health Corporation EVP and Chief People Officer CVS Health Corporation 1/11/2021 - Lisa Bisaccia Leave CVS Health Corporation EVP and Chief Human Resources Officer - - Tiffany & Co. 1/7/2021 - Mark J. Erceg Leave Tiffany & Co. CFO - - Tiffany & Co. 1/7/2021 - Anthony Ledru - LVMH Moët Hennessy Louis Vuitton SE EVP - Louis Vuitton LVMH Moët Hennessy Louis Vuitton SE CEO - Tiffany Tiffany & Co. 1/7/2021 - Alexandre Arnault - LVMH Moët Hennessy Louis Vuitton SE CEO - RIMOWA LVMH Moët Hennessy Louis Vuitton SE EVP (Product and Communications) - Tiffany Tiffany & Co. 1/7/2021 - Alessandro Bogliolo Leave Tiffany & Co. CEO - - Tiffany & Co. 1/7/2021 - Reed Krakoff Leave Tiffany & Co. Chief Artistic Director - - Tiffany & Co. 1/7/2021 - Daniella Vitale Leave Tiffany & Co. EVP and Chief Brand Officer - - Instacart 1/7/2021 - Nick Giovanni Join Goldman Sachs Head of Global Technology Media and Telecom Investment Banking Instacart CFO CVS Health Corporation 1/6/2021 - Michelle Peluso Join IBM SVP (Digital Sales) and Chief Marketing Officer CVS Health Corporation Chief Customer Officer Macy’s, Inc. 1/4/2021 - Nata Dvir - Macy’s, Inc. SVP and General Business Manager (Beauty and Center Core) Macy’s, Inc. Chief Merchandising Officer JD.Com, Inc 12/23/2020 - Yayun Li Leave JD.Com, Inc Chief Compliance Officer Jingdong Digits Technology Holding Co. Ltd CEO John Lewis Partnership plc 12/18/2020 - Rita Clifton Join Nationwide Building Society Non-Executive Director John Lewis Partnership plc Deputy Chairman Hanesbrands Inc. 12/18/2020 - Tanya Deans Join Bras N Things Group General Manager Hanesbrands Inc. President - Hanes, Australasia Foot Locker, Inc. 12/14/2020 - Himanshu Parikh Join The Michaels Companies, Inc. SVP and Chief Technology officer Foot Locker SVP and Global Chief Information Officer Unibail-Rodamco-Westfield SE 12/11/2020 - Kate Orwin Join Hammerson Leasing Director (UK) Unibail-Rodamco-Westfield SE Leasing Director (UK and Italy) Unibail-Rodamco-Westfield SE 12/11/2020 - Keith Mabbett - Unibail-Rodamco-Westfield SE Leasing Director (UK) Unibail-Rodamco-Westfield SE Senior Adviser (Business Development) Tractor Supply Company 12/10/2020 - Noni Ellison Join Carestream Dental General Counsel, Chief Compliance Officer and Corporate Secretary Tractor Supply Company SVP, General Counsel and Corporate Secretary Coty Inc. 12/9/2020 - Laurent Mercier - Coty Inc. Deputy CFO Coty Inc. CFO Walgreens Boots Alliance, Inc. 12/7/2020 - Kathleen Wilson-Thompson Leave Walgreens Boots Alliance, Inc. EVP and Chief Human Resource Officer - - Walgreens Boots Alliance, Inc. 12/7/2020 - Pamela Puryear Join Zimmer Biomet SVP and Chief Human Resource Officer Walgreens Boots Alliance, Inc. EVP and Chief Human Resource Officer Stitch Fix, Inc. 12/7/2020 - Dan Jedda Join Amazon VP (Finance) and CFO (Digital Video) Stitch Fix, Inc. CFO Zalando SE 12/6/2020 - Rubin Ritter Leave Zalando SE Co-CEO - - Urban Outfitters, Inc 12/3/2020 - Melanie Marein-Efron - Urban Outfitters, Inc Executive Director (Corporate Development and Finance) Urban Outfitters, Inc CFO Coty Inc. 12/2/2020 - Isabelle Bonfanti Join Huawei Consumer Business Group Senior Brand Strategist Coty Inc. Chief Commercial Officer (Luxury) Coty Inc. 12/2/2020 - Jean-Denis Mariani Join Guerlain Chief Digital Officer Coty Inc. Chief Digital Officer eBay Inc. 12/1/2020 - Julie Loeger Join Discover Financial Services EVP and President (US Cards) eBay Inc. Global Chief Growth Officer Foot Locker, Inc. 11/30/2020 - Lauren B. Peters Leave Foot Locker, Inc. VP and CFO - - DICK'S Sporting Goods, Inc 11/24/2020 - Edward W. Stack - DICK'S Sporting Goods, Inc Chairman and CEO DICK'S Sporting Goods, Inc. Chief Merchant DICK'S Sporting Goods, Inc 11/24/2020 - Lauren Hobart - DICK'S Sporting Goods, Inc President DICK'S Sporting Goods, Inc. CEO and president The Gap, Inc. 11/24/2020 - Asheesh Saksena Join Best Buy Health President The Gap, Inc. Chief Growth Officer The Gap, Inc. 11/24/2020 - Sandra Stangl Join MINE Co-Founder and Chief Merchant The Gap, Inc. President and CEO - Banana Republic Lululemon Athletica Inc. 11/20/2020 - Meghan Frank - Lululemon Athletica Inc. Interim Co-CFO Lululemon Athletica Inc. CFO Stitch Fix 11/19/2020 - Mike Smith Leave Stitch Fix President, COO and Interim CFO - - Unibail-Rodamco-Westfield SE 11/18/2020 - Jean-Marie Tritant - Unibail-Rodamco-Westfield SE President, US and Chairman - URW N.V. Unibail-Rodamco-Westfield SE Chairman and CEO Unibail-Rodamco-Westfield SE 11/18/2020 - Christophe Cuvillier Leave Unibail-Rodamco-Westfield SE CEO - - Unibail-Rodamco-Westfield SE 11/18/2020 - Dominic Lowe - Unibail-Rodamco-Westfield SE EVP (Development, Design and Construction), US Unibail-Rodamco-Westfield SE COO, US and Chairman - URW N.V. Unibail-Rodamco-Westfield SE 11/13/2020 - Colin Dyer Leave Unibail-Rodamco-Westfield SE Chairman Unibail-Rodamco-Westfield SE Member of the Board Unibail-Rodamco-Westfield SE 11/13/2020 - Jacques Stern Leave Unibail-Rodamco-Westfield SE Vice-Chairman - - Unibail-Rodamco-Westfield SE 11/13/2020 - Léon Bressler Join Aermont Managing Partner Unibail-Rodamco-Westfield SE Chairman Hanesbrands Inc. 11/12/2020 - Greg Hall Join Walmart SVP (Private Brands) Hanesbrands Inc. Chief Consumer Officer CVS Health Corporation 11/11/2020 - Daniel Finke - CVS Health Corporation EVP (Commercial Business and Markets) - Aetna CVS Health Corporation EVP and President (Health Care Benefits Segment) Hanesbrand Inc 11/10/2020 - Joia M. Johnson Leave Hanesbrand Inc CAO, General Counsel and Corporate Secretary - - CVS Health Corporation 11/6/2020 - Karen S. Lynch - CVS Health Corporation EVP and President - Aetna CVS Health Corporation President and CEO CVS Health Corporation 11/6/2020 - Larry J. Merlo Leave CVS Health Corporation President and CEO - - ASOS Plc 11/5/2020 - José Antonio Ramos Calamonte Join Salsa Jeans CEO ASOS Plc Chief Commercial Officer John Lewis Partnership plc 11/4/2020 - Patrick Lewis Leave John Lewis Partnership plc CFO John Lewis Partnership plc - John Lewis Partnership plc 11/4/2020 - Bérangère Michel - John Lewis Partnership plc Executive Director (Customer Service) John Lewis Partnership plc CFO VF Corporation 11/3/2020 - Lauren Guthrie - VF Corporation Co-Chair (ACE Diversity) VF Corporation VP (Inclusion and Diversity), Americas Vipshop Holdings Limited 11/2/2020 - Pengjun Lu Join JOYY Inc CTO Vipshop Holdings Limited Co-CTO Lululemon Athletica Inc. 10/30/2020 - Celeste Burgoyne - Lululemon Athletica Inc. EVP, Americas and Global Guest Innovation Teams. Lululemon Athletica Inc. President, Americas and Global Guest Innovation Teams Lululemon Athletica Inc. 10/30/2020 - André Maestrini Join Adidas AG Global GM (adidas Sport BUs) Lululemon Athletica Inc. EVP (International) Lululemon Athletica Inc. 10/30/2020 - Stacia Jones Join Abercrombie & Fitch Associate General Counsel and Chief Diversity and Inclusion Officer. Lululemon Athletica Inc. VP, Global Head (IDEA) Under Armour, Inc 10/30/2020 - Paul Fipps Leave Under Armour, Inc Chief Experience Officer - - Levi Strauss & Co 10/27/2020 - Liz O’Neill - Levi Strauss & Co EVP and President (Product, Innovation and Supply Chain ) Levi Strauss & Co COO Levi Strauss & Co 10/27/2020 - Seth Ellison - Levi Strauss & Co EVP and President, Europe Levi Strauss & Co Chief Commercial Officer Tapestry, Inc. 10/27/2020 - Joanne Crevoiserat - Tapestry, Inc. Interim CEO Tapestry, Inc. CEO Coty Inc. 10/21/2020 - Isabelle Bonfanti Join Huawei Consumer Business Group Senior Brand Strategist Coty Inc. Chief Commercial Officer (Luxury) Coty Inc. 10/21/2020 - Jean-Denis Marian Join Guerlain Chief Digital Officer Coty Inc. Chief Digital Officer Vipshop Holdings Limited 10/19/2020 - Donghao Yang - Vipshop Holdings Limited CFO Vipshop Holdings Limited Non-Executive Director Vipshop Holdings Limited 10/19/2020 - David Cui Join Huami Corp. CFO Vipshop Holdings Limited CFO The Estée Lauder Companies 10/16/2020 - Dennis McEniry Leave The Estée Lauder Companies President (Online Division) - - The Estée Lauder Companies 10/16/2020 - Gibu Thomas Join PepsiCo, Inc SVP and Global Head (E-Commerce) The Estée Lauder Companies President (Online Division) Microsoft Corporation 10/15/2020 - Marianne Janik - Microsoft Corporation MD, Switzerland Microsoft Corporation CEO, Germany Microsoft Corporation 10/15/2020 - Sabine Bendiek Leave Microsoft (Germany) Chairwoman SAP SE Chief People Officer and Labor Director The Procter & Gamble Company 10/15/2020 - Guy Persaud The Procter & Gamble Company SVP and GM (Fabric & Home Care and Brand), Latin America The Procter & Gamble Company President (New Business) Macy’s, Inc. 10/14/2020 - Adrian V. Mitchel Join Boston Consulting Group (BCG MD and Partner Macy’s, Inc. CFO Macy’s, Inc. 10/14/2020 - Felicia Williams - Macy’s, Inc. interim CFO CEO Action for Diversity & Inclusion Macy’s, Inc. Fellow L’Oréal S.A. 10/14/2020 - Nicolas Hieronimus - L’Oréal S.A. Deputy CEO L’Oréal S.A. CEO L’Oréal S.A. 10/14/2020 - Jean-Paul Agon - L’Oréal S.A. Chairman and CEO L’Oréal S.A. Chairman L’Oréal S.A. 10/14/2020 - Barbara Lavernos - L’Oréal S.A. Chief Technology and Operations Officer L’Oréal S.A. Deputy CEO Urban Outfitters, Inc 10/13/2020 - Meg Hayne - Urban Outfitters, Inc Chief Creative Officer Urban Outfitters, Inc Co-President and Chief Creative Officer Urban Outfitters, Inc 10/13/2020 - Frank Conforti - Urban Outfitters, Inc CFO and COO Urban Outfitters, Inc Co-President, CFO, and COO Urban Outfitters, Inc 10/13/2020 - Sheila Harrington - Urban Outfitters, Inc President - Free People Group Urban Outfitters, Inc CEO - Free People Group Urban Outfitters, Inc 10/13/2020 - Hillary Super - Urban Outfitters, Inc President - Anthropologie Group Urban Outfitters, Inc CEO - Anthropologie Group Urban Outfitters, Inc 10/13/2020 - Azeez Hayne - Urban Outfitters, Inc General Counsel Urban Outfitters, Inc Chief Administrative Officer and General Counsel Urban Outfitters, Inc 10/13/2020 - Dave Hayne - Urban Outfitters, Inc President - Nuuly Urban Outfitters, Inc CTO and President - Nuuly Urban Outfitters, Inc 10/13/2020 - Calvin Hollinger Leave Urban Outfitters, Inc COO - - The Estée Lauder Companies Inc. 10/12/2020 - André Branch - The Estée Lauder Companies Inc. SVP (Strategic Initiatives), North America The Estée Lauder Companies Inc. SVP and GM (MAC Cosmetics), North America The Gap, Inc. 10/8/2020 - Nancy Green - The Gap, Inc. President - Old Navy The Gap, Inc. President and CEO - Old Navy Tesco PLC 10/7/2020 - Imran Nawaz Join Tate & Lyle PLC CFO Tesco PLC CFO Kimberly-Clark Corporation 10/7/2020 - Sandi Karrmann Join Tenet Healthcare EVP and CHRO Kimberly-Clark Corporation SVP and CHRO adidas AG 10/7/2020 - Amanda Rajkumar Join BNP Paribas Head (Human Resources) adidas AG Head (Human Resources) Foot Locker, Inc. 10/6/2020 - Pawan Verma Leave Foot Locker, Inc. EVP and Chief information and Customer Connectivity Officer - - The Home Depot, Inc. 10/2/2020 - Edward "Ted" P. Decker - The Home Depot, Inc. EVP (Merchandising) The Home Depot, Inc. President and COO The Home Depot, Inc. 10/2/2020 - Ann-Marie Campbell - The Home Depot, Inc. EVP (US Stores) The Home Depot, Inc. EVP (U.S. stores and international operations) The Home Depot, Inc. 10/2/2020 - Jeff Kinnaird - The Home Depot, Inc. President, Canada The Home Depot, Inc. EVP (Merchandising) The Home Depot, Inc. 10/2/2020 - Michael Rowe - The Home Depot, Inc. VP (E-commerce, Marketing and Contractor Services) The Home Depot, Inc. President, Canada Lowe's Companies, Inc. 10/2/2020 - Dan Clayton Griggs, Jr - Lowe's Companies, Inc. VP and Corporate Controller Lowe's Companies, Inc. VP, Chief Accounting Officer and Principal Accounting Officer Lowe's Companies, Inc. 10/2/2020 - David M. Denton Lowe's Companies, Inc. EVP, CFO, Principal Financial Officer and Principal Accounting Officer Lowe's Companies, Inc. EVP, CFO and Principal Financial Officer PVH Corp. 9/30/2020 - Stefan Larsson - PVH Corp. President PVH Corp. CEO PVH Corp. 9/30/2020 - Manny Chirico Leave PVH Corp. CEO - - The Kroger Co. 9/29/2020 - Robert Clark Leave The Kroger Co. SVP (Supply Chain, Manufacturing and Enterprise Sourcing) - - The Kroger Co. 9/29/2020 - Gabriel Arreaga Join Mondelez International Inc. SVP (Supply Chain) The Kroger Co. SVP (Supply Chain) Dollar General Corporation 9/25/2020 - Emily Taylor - Dollar General Corporation SVP (Channel innovation) Dollar General Corporation VP and Chief Merchandising Officer Intel Corporation 9/22/2020 - Safroadu (Saf) Yeboah-Amankwah Join McKinsey & Company Senior Partner and Global head (Transformation Practice for the Telecom, Media and Technology Practice) Intel Corporation SVP and Chief Strategy Officer Wayfair Inc. 9/19/2020 - Fiona Tan Join Walmart, Inc SVP (US Technology) Wayfair Inc. Global Head (Customer and Supplier Technology) American Eagle Outfitters 9/19/2020 - Jennifer Foyle - American Eagle Outfitters Global Brand President - Aerie American Eagle Outfitters Chief Creative Officer L Brands, Inc. 9/18/2020 - Shelley Milano Leave L Brands, Inc EVP and Chief Human Resources Officer - - Procter & Gamble 9/16/2020 - Valarie L. Sheppard Leave Procter & Gamble Treasurer, Controller and EVP (Company Transition Leader) - - Microsoft Corporation 9/10/2020 - Cindy Rose - Microsoft Corporation CEO, UK Microsoft Corporation President, Western Europe Microsoft Corporation 9/10/2020 - Clare Barclay - Microsoft Corporation COO, UK Microsoft Corporation CEO, UK HP Inc. 9/9/2020 - Marie Myers - HP Inc. Chief Transformation Officer HP Inc. Acting CFO HP Inc. 9/9/2020 - Steve Fieler Leave HP Inc. CFO Alphabet Inc. Business Finance Officer Cisco Systems, Inc. 9/8/2020 - Christoph Koch - Cisco Systems, Inc. Lead Cyber Security and Defense, Swiss Digitization Acceleration Team Cisco Systems, Inc. Chief Technology Officer, Switzerland Hanesbrands Inc 9/8/2020 - Kristin Oliver Join Walgreens Boots Alliance SVP and CHRO Hanesbrands Inc CHRO XPO LOGISTICS INC 9/8/2020 - Erik Caldwell - XPO LOGISTICS INC COO (Supply Chain), Americas and Asia Pacific XPO LOGISTICS INC President (Last Mile Business Unit), North America Microsoft Corporation 9/7/2020 - Gavin Jackson Join UiPath CEO, EMEA Microsoft MD (Enterprise Commercial business), UK The Estée Lauder Companies 9/4/2020 - Tara Simon Join Ulta Beauty SVP (Merchandising) - Prestige Beauty The Estée Lauder Companies SVP and Global General Manager - Too Faced SAP SE 9/3/2020 - Sabine Bendiek Join Microsoft Managing Director, Germany SAP SE Chief People Officer and Labor Director Target Corporation 9/2/2020 - Maurice Cooper Join Wingstop Restaurants EVP and Chief Growth and Experience Officer Target Corporation SVP (Marketing) Intel Corporation 9/1/2020 - Barbara Whye - Intel Corporation Chief Diversity and Inclusion Officer and VP (Social Impact and Human Resources) Intel Corporation VP (Corporate) Walgreens Boots Alliance, Inc. 8/31/2020 - John Standley Join Rite Aid Corp President, CEO and Chairman Walgreens Boots Alliance, Inc. President Macy's, Inc. 8/28/2020 - Paul Griscom - Macy's, Inc. VP and Interim Principal Accounting Officer Macy's, Inc. SVP and Controller Dollar General Corporation 8/27/2020 - Kathy Reardon - Dollar General Corporation SVP and Chief People Officer Dollar General Corporation EVP and Chief People Officer Ocado Group plc 8/27/2020 - Duncan Tatton-Brown Join Ocado Group plc CFO Ocado Group plc Non-executive director (Ocado Retail Limited , Jones Food Company Limited and Karakuri Ltd.) Ocado Group plc 8/27/2020 - Stephen Daintith Leave Rolls-Royce Holdings plc CFO Ocado Group plc CFO Amazon.com, Inc. 8/21/2020 - Jeffrey Wilke Leave Amazon.com, Inc. CEO (Worldwide Consumer) Amazon.com, Inc. 8/21/2020 - Dave Clark Join Amazon.com, Inc. SVP (Worldwide Operations) Amazon.com, Inc. CEO (Worldwide Consumer) Amazon.com, Inc. 8/20/2020 - Courtney Ross Join Nashville Area Chamber of Commerce Chief Economic Development Officer Amazon.com, Inc. Senior Manager (External Affairs) Vipshop Holdings Limited 8/19/2020 - Donghao Yang Leave Vipshop Holdings Limited CFO Vipshop Holdings Limited Non-Executive Director Johnson Controls International plc 8/18/2020 - Olivier Leonetti Join Zebra Technologies CFO and Chief Information Officer Johnson Controls International plc EVP and CFO Johnson Controls International plc 8/18/2020 - Brian Stief Leave Johnson Controls International plc EVP and CFO Hudson's Bay Company 8/13/2020 - Michael Culhane Join ULINE, Inc CFO Hudson's Bay Company CFO Hudson's Bay Company 8/13/2020 - Edward Record Leave Hudson's Bay Company CFO PVH Corporation 8/12/2020 - Julie Fuller Join NIKE, Inc. VP (Global Talent and Organizational Effectiveness) PVH Corporation CHRO The Clorox Company 8/12/2020 - Eric Reynolds - The Clorox Company EVP (Household and Lifestyle) The Clorox Company EVP and COO Cisco Systems, Inc. 8/12/2020 - Kelly A. Kramer Leave Cisco Systems, Inc. EVP and CFO N/A N/A Johnson Controls International plc 8/11/2020 - Diane Schwarz Join Hunt Consolidated SVP, Chief Digital and Information Officer Johnson Controls International plc Chief Information Officer Ascena Retail Group, Inc. 8/10/2020 - Kevin Trolaro - Ascena Retail Group, Inc. VP (Financial Reporting) Ascena Retail Group, Inc. VP and Chief Accounting Officer Hanesbrands Inc. 8/10/2020 - David Bortolussi Leave Hanesbrands Inc. Group President (International Innerwear) A2 Milk CEO The Clorox Company 8/3/2020 - Linda Rendle - The Clorox Company President The Clorox Company CEO VF Corporation 8/3/2020 - Winnie Ma Join Unilever plc VP (Beauty & Personal Care Business), North Asia VF Corporation President, Greater China HP Inc. 7/31/2020 - Ketan Patel - HP Inc. VP and Head (Personal Systems), Greater Asia HP Inc. MD, Greater India Market HP Inc. 7/31/2020 - Vinay Awasthi - HP Inc. Head (Print Operations) HP Inc. SVP Hanesbrands Inc. 7/30/2020 - Stephen B. Bratspies Join Walmart Chief Merchandising Officer Hanesbrands Inc. CEO John Lewis Partnership plc 7/29/2020 - Nikki Humphrey Join Virgin Atlantic Chief People Officer John Lewis Partnership plc Executive Director (People) John Lewis Partnership plc 7/29/2020 - Tracey Killen Leave John Lewis Partnership plc Director (Personnel) N/A N/A Canada Goose Holdings Inc. 7/28/2020 - Adam Meek Join Sperry Global SVP (Product) Canada Goose Holdings Inc. GM (Footwear and Accessories) Intel Corporation 7/27/2020 - Ann Kelleher - Intel Corporation GM (Technology and Manufacturing) Intel Corporation Chief Technology Officer, SVP and GM (Technology Development) Intel Corporation 7/27/2020 - Venkata (Murthy) Renduchintala Leave Intel Corporation Chief Engineering Officer and Group President (Technology, Systems Architecture and Client Group) N/A N/A Intel Corporation 7/27/2020 - Mike Mayberr Leave Intel Corporation Chief Technology Officer, SVP and GM (Technology Development) N/A N/A Intel Corporation 7/27/2020 - Keyvan Esfarjani - Intel Corporation Corporate VP (World Wide Memory Manufacturing Group) Intel Corporation GM (Technology and Manufacturing) Intel Corporation 7/27/2020 - Josh Walden - Intel Corporation SVP and GM (Intel Product Assurance and Security Engineering Group) Intel Corporation Interim Head (Design Engineering) Walgreens Boots Alliance, Inc. 7/27/2020 - Stefano Pessina - Walgreens Boots Alliance, Inc. CEO and Executive Vice Chairman Walgreens Boots Alliance, Inc. Executive Chairman Walgreens Boots Alliance, Inc. 7/27/2020 - James Skinner - Walgreens Boots Alliance, Inc. Executive Chairman Walgreens Boots Alliance, Inc. Director Burlington Stores, Inc. 7/24/2020 - Fred Hand - Burlington Stores, Inc. Chief Customer Officer and Principal Burlington Stores, Inc. Principal and COO Foot Locker, Inc. 7/23/2020 - Andy Gray - Foot Locker, Inc. Chief Merchandising Officer, North America and GM (Foot Locker), US Foot Locker, Inc. EVP and Chief Commercial Officer Foot Locker, Inc. 7/23/2020 - Frank Bracken - Foot Locker, Inc. SVP and GM (Foot Locker and Kids Foot Locker), US Foot Locker, Inc. EVP and CEO, North America Foot Locker, Inc. 7/23/2020 - Scott Martin - Foot Locker, Inc. SVP and Chief Strategy and Development Officer Foot Locker, Inc. EVP and CEO, Asia Pacific and Chief Strategy and Development Officer Foot Locker, Inc. 7/23/2020 - Jake Jacob Leave Foot Locker, Inc. EVP and CEO, North America Foot Locker, Inc. 7/23/2020 - Lew Kimble Leave Foot Locker, Inc. EVP and CEO, Asia Pacific Rent the Runway, Inc. 7/22/2020 - Ellen Shultz Join The New York Times EVP (Talent and Inclusion) Rent the Runway, Inc. Chief People Officer Rent the Runway, Inc. 7/22/2020 - Larry Steinberg Join Rent the Runway, Inc. Consultant Rent the Runway, Inc. Chief Technology Officer NIKE, Inc. 7/22/2020 - Carl Grebert - NIKE, Inc. VP and GM, Asia Pacific and Latin America NIKE, Inc. VP and GM, EMEA NIKE, Inc. 7/22/2020 - Bert Hoyt Leave NIKE, Inc. VP and GM, Western Europe N/A N/A NIKE, Inc. 7/22/2020 - Sarah Mensah - NIKE, Inc. VP and GM (Nike Sportswear), Asia Pacific and Latin America NIKE, Inc. VP and GM, Asia Pacific and Latin America NIKE, Inc. 7/22/2020 - Amy Montagne - NIKE, Inc. VP and GM (Global Categories) NIKE, Inc. VP and GM (men’s) NIKE, Inc. 7/22/2020 - Whitney Malkiel - NIKE, Inc. VP and GM (Golf, Tennis and SB) NIKE, Inc. VP and GM (Women’s) NIKE, Inc. 7/22/2020 - McCallester Dowers - NIKE, Inc. VP and GM (Nike Young Athletes), North America NIKE, Inc. VP and GM (Kids) Tapestry, Inc. 7/21/2020 - Andrea Shaw Resnick - Tapestry, Inc. Global Head (Investor Relations and Corporate Communications) Tapestry, Inc. Interim CFO Tapestry, Inc. 7/21/2020 - Jide Zeitlin Leave Tapestry, Inc. CEO and Chairman N/A N/A Tapestry, Inc. 7/21/2020 - Joanne Crevoiserat - Tapestry, Inc. CFO Tapestry, Inc. Interim CEO Tapestry, Inc. 7/21/2020 - Todd Kahn - Tapestry, Inc. President, Chief Administrative Officer and Company Secretary Tapestry, Inc. Interim CEO and Brand President (Coach) Tapestry, Inc. 7/21/2020 - Susan Kropf - Tapestry, Inc. Lead Independent Director Tapestry, Inc. Chairman Dollar Tree, Inc. 7/20/2020 - Michael A. Witynski - Dollar Tree, Inc. Enterprise President Dollar Tree, Inc. President and CEO Dollar Tree, Inc. 7/20/2020 - Gary Philbin Leave Dollar Tree, Inc. President and CEO N/A N/A Big Lots, Inc. 7/20/2020 - Jack Pestello Join Walmart SVP and General Merchandise Manager (Grocery) Big Lots, Inc. EVP and Chief Merchandising Officer Big Lots, Inc. 7/20/2020 - Lisa Bachmann Leave Big Lots, Inc. EVP and Chief Merchandising Officer N/A N/A SAP SE 7/17/2020 - Kulmeet Bawa Join Resulticks COO SAP SE President and MD, Indian Subcontinent Coty Inc. 7/9/2020 - Anna von Bayern Join Bild Freelance Journalist Moderator Coty Inc. Chief Corporate Affairs Officer Coty Inc. 7/9/2020 - Kristin Blazewicz Join Keurig Dr Pepper Inc. VP and Assistant GC Coty Inc. Chief Legal Officer and GC B&M European Value Retail S.A. 7/9/2020 - Alex Russo Join Wilko Retail Ltd. CFO, WHSL B&M European Value Retail S.A. CFO B&M European Value Retail S.A. 7/9/2020 - Paul McDonald Leave B&M European Value Retail S.A. CFO N/A N/A SAP SE 7/9/2020 - Anuj Kapur Join Cisco Systems, Inc. Chief Strategy Officer SAP SE President (Corporate Development & Strategy) Levi Strauss & Co. 7/8/2020 - David Love Leave Levi Strauss & Co. EVP and President, Asia, Middle East and Africa N/A N/A The Kroger Co. 7/8/2020 - Joe Grieshaber Leave The Kroger Co. SVP and Chief Merchant N/A N/A The Kroger Co. 7/8/2020 - Stuart W. Aitken - The Kroger Co. SVP (alternative business) and CEO (84.51°) The Kroger Co. Chief Merchant and Marketing Officer The Kroger Co. 7/8/2020 - Yael Cosset - The Kroger Co. SVP and CIO The Kroger Co. SVP and CIO, SVP (alternative business) and CEO (84.51°) Coty Inc. 7/2/2020 - Sue Y. Nabi Join Orveda CEO Coty Inc. CEO Coty Inc. 7/2/2020 - Peter Harf - Coty Inc. Chairman and CEO Coty Inc. Executive Chairman Microsoft Corporation 7/1/2020 - Frank H. Brod Leave Microsoft Corporation Corporate VP (Finance and Administration) and Chief Accounting Officer N/A N/A Microsoft Corporation 7/1/2020 - Alice L. Jolla - Microsoft Corporation Corporate Controller Microsoft Corporation Corporate VP and Chief Accounting Officer Pinduoduo Inc. 7/1/2020 - Jianchong Zhu - Pinduoduo Inc. SVP Pinduoduo Inc. GC Pinduoduo Inc. 7/1/2020 - Jing Ma Join Chanel China Company Limited Corporate Director Pinduoduo Inc. VP (Finance) Pinduoduo Inc. 7/1/2020 - Lei Chen - Pinduoduo Inc. Chief Technology Officer Pinduoduo Inc. CEO Pinduoduo Inc. 7/1/2020 - Zheng Huang - Pinduoduo Inc. Chairman and CEO Pinduoduo Inc. Chairman adidas AG 7/1/2020 - Karen Parkin Leave adidas AG Global HR_x000D_ N/A N/A Compagnie Financière Richemont SA 6/26/2020 - Philippe Fortunato Join Givenchy CEO Compagnie Financière Richemont SA CEO (Fashion & Accessories Maisons) The Estée Lauder Companies Inc. 6/24/2020 - Jane Hertzmark Hudis - The Estée Lauder Companies Inc. Group President The Estée Lauder Companies Inc. Executive Group President The Estée Lauder Companies Inc. 6/24/2020 - Stéphane de La Faverie - The Estée Lauder Companies Inc. Global Brand President (Estée Lauder and AERIN) The Estée Lauder Companies Inc. Global Brand President (Estée Lauder and AERIN) and Group President Koninklijke Ahold Delhaize N.V. 6/24/2020 - Jan Hommen Leave Koninklijke Ahold Delhaize N.V. Chairman N/A N/A Koninklijke Ahold Delhaize N.V. 6/24/2020 - Peter Agnefjäll - Koninklijke Ahold Delhaize N.V. Vice Chairman Koninklijke Ahold Delhaize N.V. Chairman Lowe's Companies, Inc. 6/23/2020 - Janice Dupre Little - Lowe's Companies, Inc. SVP (Diversity & Talent Management) Lowe's Companies, Inc. EVP, HR NCR Corporation 6/22/2020 - Andre J. Fernandez Leave NCR Corporation EVP and CFO N/A N/A NCR Corporation 6/22/2020 - Timothy C. Oliver Join Spring Window Fashions, LLC President and CFO NCR Corporation EVP and CFO The Estée Lauder Companies Inc 6/18/2020 - Jane Lauder - The Estée Lauder Companies Inc Global Brand President (Clinique) The Estée Lauder Companies Inc EVP, Enterprise Marketing and Chief Data Officer The Estée Lauder Companies Inc 6/18/2020 - Michelle Freyre Join Johnson & Johnson President, US Beauty The Estée Lauder Companies Inc SVP, GM (Clinique) Tractor Supply Company 6/18/2020 - Melissa Kersey Join McDonald's Corporation SVP and Chief People Officer, US Tractor Supply Company EVP, CHRO Tractor Supply Company 6/18/2020 - Brian Evans Leave Tractor Supply Company Interim CHRO N/A N/A Canada Goose Holdings Inc. 6/16/2020 - Carrie Baker - Canada Goose Holdings Inc. EVP, Chief of Staff and Chief Communications Officer Canada Goose Holdings Inc. President, North America Canada Goose Holdings Inc. 6/16/2020 - Kara MacKillop - Canada Goose Holdings Inc. EVP (People & Culture) Canada Goose Holdings Inc. Chief of Staff and EVP (People & Culture) HanesBrands Inc. 6/9/2020 - Stephen B. Bratspies Join Walmart Inc. CMO HanesBrands CEO HanesBrands Inc. 6/9/2020 - Gerald W. Evans Jr. Leave HanesBrands CEO N/A N/A Tapestry, Inc. 6/8/2020 - Brian Satenstein Leave Tapestry, Inc. VP, Controller and Principal Accounting Officer N/A N/A Tapestry, Inc. 6/8/2020 - Manesh B. Dadlani - Tapestry, Inc. VP & Assistant Corporate Controller Tapestry, Inc. VP, Controller and Principal Accounting Officer PVH Corp. 6/2/2020 - Daniel Grieder Leave PVH Corp. CEO (Tommy Hilfiger, Global and PVH, Europe) N/A N/A PVH Corp. 6/2/2020 - Martijn Hagman - PVH Corp. COO (Tommy Hilfiger, Global and PVH Europe) and CFO (Tommy Hilfiger, Global) PVH Corp. CEO (Tommy Hilfiger, Global and PVH, Europe) Tesco PLC 6/2/2020 - Alan Stewart Leave Tesco PLC CFO N/A N/A Casey's General Stores, Inc. 6/1/2020 - Adrian Butler Join Dine Brands Global SVP, IT and CIO (Applebee's and IHOP) Casey's General Stores, Inc. CIO Coty Inc. 6/1/2020 - Peter Harf - Coty Inc. Chairman Coty Inc. Chairman and CEO Coty Inc. 6/1/2020 - Pierre Laubies Leave Coty Inc. CEO N/A N/A Coty Inc. 5/28/2020 - Gordon von Bretten Join KKR Capstone Managing Director Coty Inc. Chief Transformation Officer The Home Depot, Inc. 5/26/2020 - Stephen L. Gibbs - The Home Depot, Inc. VP and Corporate Controller The Home Depot, Inc. VP, Chief Accounting Officer and Corporate Controller Kimberly-Clark Corporation 5/22/2020 - Gustavo Ghory Join SmarterChains SA Chairman and Co-Founder Kimberly-Clark Corporation SVP and Chief Supply Chain Officer The RealReal, Inc. 5/20/2020 - Todd Suko Join OneMarket Limited Chief Financial and Legal Officer The RealReal, Inc. Chief Legal Officer and Secretary Marks and Spencer Group plc 5/20/2020 - Katie Bickerstaffe Join SSE Energy Services Executive Chair Marks and Spencer Group plc Chief Strategy and Transformation Officer Marks and Spencer Group plc 5/20/2020 - Eoin Tonge Join Greencore Group PLC CFO Marks and Spencer Group plc CFO Marks and Spencer Group plc 5/20/2020 - Will Smith Join Asda Stores Ltd. VP (Real Estate, Facilities and Market Development) Marks and Spencer Group plc Property Director Marks and Spencer Group plc 5/20/2020 - Stephen Langford Join Asda Stores Ltd. Commercial VP, George brand Marks and Spencer Group plc Head (Clothing and Home Online) Marks and Spencer Group plc 5/20/2020 - Helen Milford Join J Sainsbury plc Director (Retail), Argos Marks and Spencer Group plc Store Operations Director Marks and Spencer Group plc 5/20/2020 - Paul Babbs Join Adidas AG Chief Supply Chain Officer and SVP (Global Supply Chain Management) Marks and Spencer Group plc Head (Clothing and Home Supply Chain) Marks and Spencer Group plc 5/20/2020 - Craig Lovelace Join N Brown Group plc Group CFO Marks and Spencer Group plc Finance Director (Food) Macy's, Inc. 5/20/2020 - Felicia Williams - Macy's, Inc. EVP, Controller and Enterprise Risk Officer Macy's, Inc. Interim CFO Macy's, Inc. 5/20/2020 - Paula A. Price Leave Macy's, Inc. CFO N/A N/A Marks and Spencer Group plc 5/14/2020 - Richard Price Join F&F Clothing CEO Marks and Spencer Group plc MD (Clothing and Home) Casey’s General Stores 5/13/2020 - Steve Bramlage Join National HME COO Casey’s General Stores COO Salesforce.com, Inc. 5/13/2020 - Gavin Patterson - Aramark Corporation CFO Casey’s General Stores CFO Casey’s General Stores 5/13/2020 - Ena Williams Join Casey’s General Stores CFO Casey’s General Stores Executive Advisor Albertsons Companies, Inc. 5/13/2020 - Dan Dosenbach - Albertsons Companies, Inc. VP (HR and Labor Relations), ACME Markets Albertsons Companies, Inc. SVP (Labor Relations) Casey’s General Stores 5/13/2020 - Bill Walljasper - Albertsons Companies, Inc. EVP (HR, Labor Relations, Public Relations and Government Affairs) N/A N/A Albertsons Companies, Inc. 5/13/2020 - Andy Scoggin Leave Salesforce.com, Inc. President and CEO, Salesforce International Salesforce.com, Inc. President and Chief Revenue Officer Hanesbrands Inc. 5/7/2020 - Gerald W. Evans, Jr. Leave Hanesbrands Inc. CEO N/A N/A The Clorox Company 5/5/2020 - Linda Rendle - The Clorox Company EVP (Strategy and Operations and Cleaning, International) The Clorox Company President L Brands, Inc. 5/4/2020 - Leslie Wexner - L Brands, Inc. Chairman and CEO L Brands, Inc. Chairman Emeritus L Brands, Inc. 5/4/2020 - Sarah E. Nash - L Brands, Inc. Director L Brands, Inc. Chairman L Brands, Inc. 5/4/2020 - Stuart B. Burgdoerfer - L Brands, Inc. CFO L Brands, Inc. Interim CEO (Victoria's Secret) and CFO L Brands, Inc. 5/4/2020 - Andrew Meslow Join Bath & Body Works CEO L Brands, Inc. CEO Albertsons Companies, Inc. 5/4/2020 - Juliette Pryor Join Cox Enterprises GC and Corporate Secretary Albertsons Companies, Inc. EVP and GC Albertsons Companies, Inc. 5/4/2020 - Bob Gordon Leave Albertsons Companies, Inc. EVP and GC N/A N/A J. C. Penney Company, Inc. 5/1/2020 - Therace Risch Leave J. C. Penney Company, Inc. EVP and CIO American Electric Power SVP and Chief Information & Technology Officer Big Lots, Inc. 5/1/2020 - Lisa M. Bachmann Leave Big Lots, Inc. EVP, Chief Merchandising and Operating Officer GMS Inc Independent Director J Sainsbury plc 4/30/2020 - Simon Roberts - J Sainsbury plc Director (Retail and Operations) J Sainsbury plc CEO SAP SE 4/20/2020 - Christian Klein Join SAP SE Co-CEO SAP SE CEO Wayfair Inc. 4/20/2020 - James Miller (Jim) Join Wayfair Inc. Interim CTO Wayfair Inc. CTO SAP SE 4/20/2020 - Jennifer Morgan Leave SAP SE Co-CEO N/A N/A American Eagle Outfitters, Inc. 4/20/2020 - Mike Mathias Join American Eagle Outfitters, Inc. SVP and Head (Financial Planning and Analysis) American Eagle Outfitters, Inc. EVP and CFO American Eagle Outfitters, Inc. 4/20/2020 - Robert (Bob) Madore Leave American Eagle Outfitters, Inc. CFO N/A N/A Williams-Sonoma, Inc. 4/17/2020 - Adrian Bellamy Leave Williams-Sonoma, Inc. Chairman N/A N/A Williams-Sonoma, Inc. 4/17/2020 - Scott Dahnke Join L Catterton Global Co-CEO Williams-Sonoma, Inc. Chairman Under Armour, Inc. 4/15/2020 - Lisa Collier Join NYDJ Apparel LLC (Not Your Daughters Jeans) President and CEO Under Armour, Inc. Chief Product Officer NIKE, Inc. 4/14/2020 - Ann Hebert Join NIKE, Inc. VP (Global Sales) NIKE, Inc. VP and GM, North America NIKE, Inc. 4/14/2020 - Tom Peddie Leave NIKE, Inc. VP and GM, North America N/A N/A eBay Inc. 4/13/2020 - Jamie Iannone Join Walmart Inc. COO, Walmart E-Commerce eBay Inc. CEO Lowe's Companies, Inc. 4/10/2020 - Jennifer L. Weber Leave Lowe's Companies, Inc. EVP (HR) N/A N/A Ascena Retail Group, Inc. 4/10/2020 - Wendy Hufford Leave Ascena Retail Group, Inc. SVP, GC and Corporate Secretary N/A N/A International Business Machines Corporation 4/8/2020 - Tuhina Pandey Join Tech Mahindra Limited Head (Global Corporate Communications) International Business Machines Corporation Communications Leader, India and South Asia Tiffany & Co. 4/7/2020 - Pamela H. Cloud Leave Tiffany & Co. SVP, Chief Merchandising Officer N/A N/A ASOS Plc 4/7/2020 - Patrik Silén Join McKinsey & Company Partner ASOS Plc Chief Strategy Officer Macy's, Inc. 4/7/2020 - Paula Price Leave Macy's, Inc. EVP and CFO N/A N/A VF Corporation 4/2/2020 - Nina Flood Join VF Corporation President, Kipling (Americas) VF Corporation President, Eastpak BJ's Wholesale Club Holdings, Inc. 4/1/2020 - Paul Cichocki Join Bain & Company Partner BJ's Wholesale Club Holdings, Inc. EVP (Membership, Analytics and Business Transformation) Under Armour, Inc. 3/24/2020 - Kevin Eskridge Leave Under Armour, Inc. Chief Product Officer N/A N/A Albertsons Companies, Inc. 3/19/2020 - Evan Rainwater Join Albertsons Companies, Inc. SVP (Manufacturing) Albertsons Companies, Inc. EVP (Supply Chain and Manufacturing) The Procter & Gamble Company 3/18/2020 - Craig Buchholz Leave The Procter & Gamble Company Chief Communications Officer General Motors Company SVP (Global Communications) The Procter & Gamble Company 3/18/2020 - Damon Jones Join The Procter & Gamble Company VP (Global Communications and Advocacy) The Procter & Gamble Company Chief Communications Officer Salesforce.com, Inc. 3/17/2020 - Arundhati Bhattacharya Join State Bank of India Chairperson Salesforce.com, Inc.. CEO and Chairperson, India The Gap, Inc. 3/12/2020 - Katrina O'Connell Join The Gap, Inc. SVP (Strategy and Innovation) and CFO, Old Navy The Gap, Inc. EVP and CFO L Brands, Inc. 3/12/2020 - Sarah E. Nash Join Novagard Solutions Chair of the Board and CEO L Brands, Inc. Chairman The Gap, Inc. 3/12/2020 - Teri List-Stoll Leave The Gap, Inc. EVP and CFO N/A N/A Salesforce.com, Inc. 3/11/2020 - Efi Cohen Join Salesforce.com, Inc. SVP (Product and Engineering) Salesforce.com, Inc. SVP (Product and Engineering) and Head (R&D), Isreal Hanesbrands Inc. 3/11/2020 - Gerald W. Evans Jr. Leave Hanesbrands Inc. CEO N/A N/A Best Buy Co., Inc. 3/11/2020 - Hubert Joly Leave Best Buy Co, Inc. Executive Chairman N/A N/A Best Buy Co., Inc. 3/11/2020 - J. Patrick Doyle Join Best Buy Co, Inc. Lead Independent Director Best Buy Co, Inc. Chairman Tapestry, Inc. 3/9/2020 - Joshua Schulman Leave Tapestry, Inc. President and CEO, Coach N/A N/A EssilorLuxottica SA 3/6/2020 - Ariel Bauer Join EssilorLuxottica SA Investor Relations Director, Asia-Pacific EssilorLuxottica SA Co-Head (Investor Relations) Capri Holdings Limited 3/6/2020 - Cathy Marie Robinson Leave Capri Holdings Limited SVP and Chief Operations and Transformation Officer N/A N/A Cisco Systems, Inc. 3/6/2020 - David Goeckeler Leave Cisco Systems, Inc. EVP and GM (Networking) N/A N/A CVS Health Corporation 3/6/2020 - Derica W. Rice Leave CVS Health Corporation EVP and President, CVS Caremark N/A N/A EssilorLuxottica SA 3/6/2020 - Hilary Halper Leave EssilorLuxottica SA Co-CFO N/A N/A EssilorLuxottica SA 3/6/2020 - Véronique Gillet Leave EssilorLuxottica SA Co-Head (Investor Relations) N/A N/A The Gap, Inc. 3/5/2020 - Sonia Syngal Join The Gap, Inc. CEO, Old Navy The Gap, Inc. CEO Walmart Inc. 3/4/2020 - Jamie Iannone Join Walmart Inc. CEO (SamsClub.com) and EVP (Membership and Technology) Walmart Inc. COO, Walmart E-Commerce B&M European Value Retail S.A. 3/3/2020 - Alex Russo Join Wilko Retail Ltd. Group Finance Director B&M European Value Retail S.A. Executive Director and CFO PVH Corp. 3/3/2020 - Francis K. Duane Leave PVH Corp. CEO (Heritage Brands) and Vice Chairman N/A N/A B&M European Value Retail S.A. 3/3/2020 - Paul McDonald Leave B&M European Value Retail S.A. CFO N/A N/A JD.com, Inc. 3/2/2020 - Sidney Huang Leave JD.com, Inc. CFO N/A N/A Financial Guidance Updates by Selected Major Retail Companies Company Name Guidance Status Date Previous Guidance Date Guidance Updates Levi Strauss & Co. Revised 4/7/2025 1/29/2025 Company expectations for fiscal 2025: - Reported net revenue decline of 1%–2% (reiterating previous guidance) - Organic net revenue growth of 3.5%–4.5% (reiterating previous guidance) - Adjusted EBIT margin of 11.4%–11.6% with a 70–90-basis-point expansion from a 10.7% base (compared to previous guidance of 10.9%–11.1% with a 70–90-basis-point expansion from a 10.2% base) - Tax rate to be 23% (reiterating previous guidance) - Adjusted diluted EPS to be $1.20–$1.25, including an approximate $0.20 headwind from FX and a higher tax rate (reiterating previous guidance) RH Announced 4/2/2025 12/12/2024 Company expectations for the first quarter of fiscal 2025: - Revenue growth to be 12.5%–13.5% - Adjusted operating margin to be 6.5%–7.0% - Adjusted EBITDA margin to be 12.5%–13.0% Company expectations for fiscal 2025: - Revenue growth to be 10%–13% - Adjusted operating margin to be 14%–15% - Adjusted EBITDA margin to be 20%–21% PVH Corp. Announced 3/31/2025 12/4/2024 Company expectations for the first quarter of fiscal 2025: - Revenue to be flat to down 2% compared to the year-ago quarter - EPS to be $2.10–$2.25 on a non-GAAP basis, compared to $2.59 on a GAAP basis and $2.45 on a non-GAAP basis in the year-ago quarter - Interest expense to be $20 million, compared to $18 million in the year-ago quarter - Effective tax rate to be 18% Company expectations for fiscal 2025: - Revenue to be flat to up slightly compared to 2024 on a constant-currency basis - EPS to be $12.40–$12.75 on a non-GAAP basis, compared to $10.56 on a GAAP basis and $11.74 on a non-GAAP basis in 2024 - Operating margin to be flat to up slightly on a non-GAAP basis, compared to 10.0% on a non-GAAP basis in 2024 and 8.9% on a GAAP basis in 2024 - Interest expense to be $85 million, compared to $67 million in 2024 - Effective tax rate to be 22% Lululemon Athletica inc. Announced 3/27/2025 1/13/2025 Company expectations for the first quarter of fiscal 2025: - Net revenue to be $2.335–2.355 billion, representing growth of 6%–7% - Diluted EPS to be $2.53–$2.58 Company expectations for fiscal 2025: - Net revenue to be $11.15–11.30 billion, representing growth of 5%–7% (or 7%–8% excluding the 53rd week of 2024) - Diluted EPS to be $14.95–$15.15 NEXT plc Revised 3/27/2025 30/10/24 Company expectations for fiscal 2025/26: - Full-price sales to be £5.3 billion ($6.9 billion), from previous guidance of £5.2 billion ($6.7 billion) - Total group sales including markdown, subsidiaries and investments to be £6.6 billion ($8.5 billion), from previous guidance of £6.5 billion ($8.4 billion) - NEXT Group profit before tax to be £1,066 million ($1,379 million, from previous guidance of £1,046 million ($1,357 million) - Pre-tax EPS to be 919.6 pence from previous guidance of 900.2 pence - Post-tax EPS to be 690.7 pence from previous guidance of 676.0 pence Chewy, Inc. Announced 3/26/2025 5/29/2025 Company expectations for the first quarter of fiscal 2025: - Net sales to be $3.06–3.09 billion - Year-over-year net sales growth to be 6%–7% Company expectations for fiscal 2025: - Net sales to be $12.3–12.45 billion - Year-over-year net sales growth of 6%–7% - Adjusted EBITDA margin of 5.4%–5.7% - Net interest income of approximately $25–30 million - Effective tax rate to be 20%–22% Dollar Tree, Inc. Announced 3/26/2025 12/4/2024 Company expectations for the first quarter of fiscal 2025: - Net sales to be $4.5–4.6 billion - Comparable store net sales growth of 3%–5% - Diluted EPS for the quarter to be $1.10–$1.25 . Company expectations for fiscal 2025: - Net sales to be $18.5–19.1 billion - Comparable store net sales growth of 3%–5% - Adjusted diluted EPS to be $5.00–$5.50 Five Below, Inc. Announced 3/19/2025 12/4/2024 Company expectations for the first quarter of fiscal 2025: - Net sales to be $905–925 million - Approximately 50 new stores to be opened - Comparable sales to increase by 2.0% - Net income to be $25–31 million and adjusted net income to be $28–34 million - Diluted income per common share to be $0.44–$0.55 and adjusted diluted income per common share to be $0.50–$0.61 - Diluted weighted average shares outstanding to be 55.3 million Company expectations for fiscal 2025: - Net sales to be $4.21–4.33 billion - Approximately 150 new stores to be opened - Comparable sales to increase by 3.0% - Net income to be $216–250 million and adjusted net income to be $227–261 million - Diluted income per common share to be $3.90–$4.52 and adjusted diluted income per common share to be $4.10–$4.72 - Diluted weighted average shares outstanding to be 55.4 million - Gross capital expenditures to be $210–230 million Williams-Sonoma, Inc. Announced 3/19/2025 11/20/2024 Company expectations for fiscal 2025: - Net revenue to be (1.5)%–1.5%, with comparable sales (comps) to be flat to up 3% - Operating margin to be 17.4%–17.8%, including the impact of 20 bps from the 53rd week in fiscal 2024 - Annual net revenue growth to be in the mid- to high-single-digit range in percentage terms, with an operating margin in the mid- to high teens Ulta Beauty, Inc Announced 3/13/2025 12/5/2024 Company expectations for fiscal 2025: - Net sales to be $11.5–11.6 billion - Diluted EPS to be $22.50–$22.90 - Comparable sales growth of 0%–1% - Depreciation and amortization expenses to be $290–300 million - Operating margin to be 11.7%–11.8% - Effective tax rate to be 24.5% - Interest income to be $6 million - Capital expenditures to be $425–500 million Dollar General Corporation Announced 3/13/2025 12/5/2024 Company expectations for fiscal 2025: - Net sales growth of 3.4%–4.4% - Same-store sales growth of 1.2%–2.2% - Diluted EPS of $5.10–$5.80 - Capital expenditures to be $1.3–1.4 billion - Effective tax rate to be 23.5% Dick's Sporting Goods, Inc. Announced 3/11/2025 11/26/2024 Company expectations for fiscal 2025: - Net sales to be $13.6–13.9 billion - Diluted EPS to be $13.80–$14.40 - Diluted EPS based on effective tax rate to be approximately 24% - Comparable store sales to grow 1%–3% - Capital expenditures of $1.2 billion on a gross basis and $1.0 billion on a net basis Kohl’s Corporation Announced 3/11/2025 11/26/2024 Company expectations for fiscal 2025: - Net sales to decrease by 5%–7% - Operating margin to be 2.2%–2.6% - Comparable sales to decrease by 4%–6% - Diluted EPS to be $0.10–$0.60 - Capital expenditures to be $400–425 million Gap Inc. Announced 3/6/2025 11/21/2024 Company expectations for the first quarter of fiscal 2025: - Net sales to be flat to up slightly compared to $3.4 billion in the year-ago quarter - Gross margin to expand slightly from 41.2% in the year-ago quarter - Operating expense as a percentage of net sales to leverage slightly compared to 35.2% in the year-ago quarter Company expectations for fiscal 2025: - Net sales to increase by 1.0%–2.0% from $15.1 billion in fiscal 2024 - Operating income grow 8%–10% from $1.11 billion in fiscal 2024 - Net interest income of $15 million - Effective tax rate of 26% - 35 net store closures - Capital expenditures of $600 million Macy’s, Inc. Announced 3/6/2025 11/11/2024 Company expectations for fiscal 2025: - Net sales to be $21.0–21.4 billion - Comparable owned-plus-licensed sales to decline by 0.5%–2.0% year over year - Adjusted diluted EPS to be $2.05–$2.25 - Core adjusted EBITDA as a percentage of total revenue to be 8.0%–8.2% - Adjusted EBITDA as a percentage of total revenue to be 8.4%–8.6% BJ’s Wholesale Club Holdings, Inc. Announced 3/6/2025 11/21/2024 Company expectations for fiscal 2025: - Comparable club sales, excluding the impact of gasoline sales, to increase by 2.0%–3.5% year over year - Adjusted EPS to be $4.10–$4.30 - Capital expenditures of approximately $800 million Burlington Stores, Inc. Announced 3/6/2025 11/26/2024 Company expectations for the first quarter of fiscal 2025: - Total sales to increase by 5%–7% assuming comparable store sales will be flattish versus the first quarter of fiscal 2024 - Adjusted EBIT margin to decrease by 50–90 basis points (excludes $6 million of anticipated expenses associated with bankruptcy acquired leases vs. the same amount in the year-ago quarter) - Adjusted effective tax rate to be approximately 23% - Adjusted EPS to be $1.30–$1.45 (excludes $4 million, net of tax, related to bankruptcy acquired leases) Company expectations for fiscal 2025: - Total sales to increase by 6%–8% - Comparable store sales to increase by 0%–2% - Capital expenditures, net of landlord allowances, to be $950 million - 100 net new stores to open - Adjusted EBIT margin to increase by 0–30 basis points versus last year (excludes $13 million of anticipated expenses associated with bankruptcy acquired leases in fiscal 2025 vs. $16 million in fiscal 2024) - Net interest expense to be approximately $57 million - Adjusted effective tax rate to be approximately 25% - Adjusted EPS to be $8.70–$9.30 (excludes $10 million, net of tax, of anticipated expenses associated with bankruptcy acquired leases in fiscal 2025) The Kroger Co. Announced 3/6/2025 12/5/2024 Company expectations for fiscal 2025: - Identical sales growth rate, excluding fuel, to be 2.0%–3.0% - Adjusted net diluted EPS to be $4.60–$4.80 - Adjusted FIFO operating profit to be $4.7–4.9 billion - Adjusted free cash flow of $2.8 – $3.0 billion - Adjusted effective tax rate of 23% - Capital expenditures of $3.6–3.8 billion Abercrombie & Fitch Co. Announced 3/5/2025 1/13/2025 Company expectations for the first quarter of fiscal 2025: - Net sales growth of 4%–6% - Operating margin to be 8%–9% - Effective tax rate to be 25% - Net income per diluted EPS to be $1.25–$1.45 - Share repurchases to be $100 million - Diluted weighted average shares to be around $52 million Company expectations for fiscal 2025: - Net sales growth of 3%–5% - Operating margin to be 14%–15% - Effective tax rate to be 26% - Net income per diluted EPS to be $10.40–$11.40 - Share repurchases to be $400 million - Diluted weighted average shares to be around $51 million - Capital expenditures to be $200 million Foot Locker, Inc. Announced 3/5/2025 12/4/2024 Company expectations for fiscal 2025: - Sales growth of (1.0)%–0.5% - Comparable sales growth of 1.0%–2.5% - Licensing and other revenue to be $24 million - Gross margin to be 29.3%–29.7% - SG&A rate to be 24.3%–24.5% - Net interest of $12 million - Non-GAAP tax rate to be 32.5%–33.0% - Non-GAAP EPS to be $1.35–$1.65 - Capital expenditures to be $270 million - Adjusted capital expenditures to be $300 million Ross Stores, Inc Announced 3/4/2025 11/21/2024 Company expectations for the first quarter of fiscal 2025: - Comparable store sales growth of (3.0)% to flat (versus a 3% gain in the year-ago quarter) - EPS to be $1.33–$1.47 Company expectations for fiscal 2025: - Comparable store sales of (1)%–2% - EPS to be $5.95–$6.55 Best Buy Co., Inc. Announced 3/4/2025 11/26/2024 Company expectations for the first quarter of fiscal 2026: - Comparable sales to be slightly down compared to last year - Adjusted operating income rate to be 3.4% Company expectations for fiscal 2026: - Revenue of $41.4–42.2 billion - Comparable sales of 0%–2% - Non-GAAP operating income to be 4.2%–4.4% - Non-GAAP diluted EPS to be $6.20–$6.60 - Capital expenditures of $700–750 million - Adjusted effective income tax rate to be approximately 25% Target Corporation Announced 3/4/2025 1/16/2025 Company expectations for fiscal 2025: - Net sales growth of 1%; comparable sales growth to be flat - A modest year-over-year increase in operating margin - Effective tax rate to be 23%–24% - GAAP and adjusted EPS of $8.80–$9.80 Bath & Body Works, Inc. Announced 2/27/2025 11/25/2024 Company expectations for the first quarter of fiscal 2025: - Net sales growth to decline by 1%– 3% from $1.38 billion in the prior quarter - Diluted EPS to be $0.35–$0.43 from $0.38 in the prior quarter Company expectations for fiscal 2025: - Net sales to decline by 1%–3% from $7.31 billion in the prior year - Diluted EPS to be $3.25–$3.60 from $3.61 in the prior year - Adjusted diluted EPS to be $3.29 - Free cash flow to be $750–$850 million eBay Inc. Announced 2/26/2025 10/30/2024 Company expectations for the first quarter of fiscal 2025: - Revenue to be in the range of $2.52–2.56 billion - Gross merchandise volume to be $18.3–18.6 billion - GAAP diluted EPS to be $0.98–$1.02 - Non-GAAP diluted EPS to be $1.32–$1.36 The TJX Companies, Inc. Announced 2/26/2025 11/20/2024 Company expectations for the first quarter for fiscal 2026: - Comparable store sales to increase by 2%–3% - Quarterly pretax profit margin to be 10.0%–10.1% - EPS to be $0.87–$0.89 Company expectations for fiscal 2026: - Comparable sales to increase by 3% - Pretax profit margin to be 11.3%–11.4% - EPS to be $4.34–$4.43 Lowe's Companies, Inc. Announced 2/26/2025 11/19/2024 Company expectations for fiscal 2025: - Total sales to be $83.5–84.5 billion - Comparable sales to be flat to up 1% year over year - Operating margin to be 12.3%–12.4% - Net interest expenses to be $1.3 billion - Effective income tax rate to be 24.5% - Diluted EPS to be $12.15–$12.40 - Capital expenditures to be $2.5 billion The Home Depot, Inc. Announced 2/25/2025 11/12/2024 Company expectations for fiscal 2025: - Sales grow by 2.8% and comparable sales to grow by 1.0% - 13 new stores to open - Comparable sales to decline by 2.5% - Operating margin rate to be 13.0% - Adjusted operating margin rate to be 13.4% - Gross margin rate to be 33.4% - Tax rate to be 24.5% - Interest expense to be $2.2 billion - Diluted EPS to decline by 2.0% - Capital expenditure to be 2.5% of total sales Floor & Decor Holdings, Inc. Announced 2/20/2025 10/30/2024 Company expectations for fiscal 2024: - Net sales to be $4,740–4,900 million - Comparable store sales to be flat to around 3% growth - Diluted EPS to be $1.80–$2.10 - Adjusted EBITDA to be $540–575 million - Depreciation and amortization expense to be $245 million - Net interest expense to be $3 million - Tax rate to be 21%–22% - Diluted weighted average shares outstanding to be $109 million - 25 new warehouse stores to open in total - Capital expenditures to total $330–400 million Sprouts Farmers Market, Inc Announced 2/20/2025 10/30/2024 Company expectations for the first quarter of fiscal 2025: - Comparable store sales growth of 10%–11% - Adjusted diluted EPS to be $1.51–$1.55 Company expectations for fiscal 2025: - Net sales to growth to be 10.5%–12.5% - Comparable store sales growth of 4.5%–6.5% - Adjusted EBIT to be $590–610 million - Adjusted diluted EPS to be $4.52–$4.68 - At least 35 new stores to open - Capital expenditures (net of landlord reimbursements) to be $230–250 million Walmart Inc. Announced 2/20/2025 11/19/2024 Company expectations for the first quarter of fiscal 2026: - Net sales to increase by 3.0%–4.0% year over year, from $159.9 billion - Adjusted operating income to increase by 0.5%–2.0% year over year, from $7.1 billion - Adjusted EPS to be $0.57–$0.58, including an approximate $0.02 headwind from currency Company expectations for fiscal 2026: - Net sales to increase by 3.0%–4.0% from $674.5 billion in fiscal 2025 - Adjusted operating income to increase by 3.5%–5.5% from $29.5 billion in fiscal 2025 - Net interest to increase by $100–200 million - Effective tax rate to be 23.5%–24.5% - Adjusted EPS to be $2.50–$2.60, including an approximate $0.05 headwind from currency - Capital expenditures to be 3%–3.5% of net sales Crocs, Inc. Announced 2/13/2025 10/29/2024 Company expectations for the first quarter of 2025: - Revenue to down by 3.5% year over year, at currency rates as of the end of the last reported period (February 10, 2025), which includes an anticipated negative impact of approximately $19 million from foreign currency (Crocs brand to be down by 1% to flat; HEYDUDE brand to be down by 14%–16%) - Adjusted operating margin to be 21.5% including an anticipated negative impact of approximately 80 basis points from both foreign currency and announced and pending tariffs - Adjusted diluted EPS to be $2.38–$2.52 (not assuming any impact from potential future share repurchases) Company expectations for fiscal 2025: - Revenue growth to be 2%–2.5% year over year, at currency rates as of the end of the last reported period (February 10, 2025), which includes an anticipated negative impact of approximately $62 million from foreign currency (Crocs brand to grow 4.5%; HEYDUDE brand to be down by 7%–9%) - Adjusted operating margin of 24%, including an anticipated negative impact of approximately 60 basis points from both foreign currency and announced and pending tariffs - Combined GAAP tax rate to be 21.5%, and non-GAAP effective tax rate to be 18% - Adjusted diluted EPS to be $12.70–$13.15 (not assuming any impact from potential future share repurchases) - Capital expenditures to be $80–100 million CVS Health Corporation Announced 2/12/2025 10/18/2024 Company expectations for fiscal 2025: - GAAP-diluted EPS to be $4.58– $4.83 - Adjusted EPS to be $5.75–$6.00 - Cash flow from operations to be $6.5 billion The Coca-Cola Company Announced 2/11/2025 7/23/2024 Company expectations for the first quarter of fiscal 2025: - Comparable net revenues to include a 3%–4% currency headwind based on the current rates and including the impact of hedged positions, in addition to a 2%–3% headwind from acquisitions, divestitures and structural changes - Comparable EPS growth to include a 5%–6% currency headwind based on the current rates, the impact of hedged positions, and a 2%–3% headwind from acquisitions, divestitures and structural changes Company expectations for fiscal 2025: - Organic revenue growth to be 5%–6% - Comparable currency-neutral EPS growth of 8%–10% - Comparable EPS to grow 2%–3%, including a 6%–7% currency headwind based on the current rates, the impact of hedged positions, and a slight headwind from acquisitions, divestitures and structural changes - Underlying effective tax rate of 20.8% (versus 18.6% in 2024) - Free cash flow (excluding the fairlife contingent consideration payment) to be $9.5 billion Skechers USA, Inc. Announced 2/6/2025 10/24/2024 Company expectations for the first quarter of fiscal 2025: - Sales to be $2.40–2.43 billion - Diluted EPS to be $1.10–$1.15 Company expectations for fiscal 2025: - Sales to be $9.70–9.80 billion - Diluted EPS to be $4.30–$4.50 - Income tax rate to be 22%–23% - Capital expenditures to be $600–700 million Amazon.com, Inc. Announced 2/6/2025 10/31/2024 Company expectations for the first quarter of fiscal 2025: - Net sales to be $151.0–155.5 billion, representing 5%–9% year-over-year growth; this guidance anticipates a favorable impact of approximately 150 basis points from foreign exchange rates. - Operating income to be $14.0–18.0 billion, compared to $15.3 billion in the year-ago quarter - This guidance assumes, among other things, that no additional business acquisitions, restructurings or legal settlements are concluded. Ralph Lauren Corporation Announced 2/6/2025 11/7/2024 Company expectations for the fourth quarter of 2025: - Constant-currency revenue to grow 6%–7% - Operating margin growth to be 120–140 basis points in constant currency - Tax rate to be 24%–25% Company expectations for full-year 2025: - Constant-currency revenue to grow 6%–7% - Operating margin to be 120–160 basis points in constant currency - Tax rate to be 22%–23% - Capital expenditure to be $200–250 million Under Armour, Inc. Revised 2/6/2025 11/7/2024 Company expectations for fiscal 2025: - Revenue to decline by 10%, compared to previous guidance of a low-double-digit decline - Gross margin to increase by 10 basis points year over year, from previous guidnce of 125–150 basis points - SG&A expenses to increase at a high-single-digit percentage rate, primarily due to litigation settlement expenses - Operating loss to be $179–189 million, from previous guidance of $176–196 million - Diluted loss per share to be $0.48–$0.50, from previous guidance of $0.48–$0.51 - Adjusted diluted EPS to be $0.28–$0.30, from previous guidance of $0.24–$0.27 - Capital expenditures to be $170–180 million, from previous guidance of $190–210 million Tapestry, Inc. Announced 2/6/2025 5/9/2024 Company expectations for fiscal 2025: - Revenue to be $6.85 billion, representing 3.0% year-over-year growth (on a constant-currency basis) - Operating margin to expand by approximately 100 basis points - Net interest expenses to be approximately $35.0 million - Tax rate to be approximately 17%–18% - Weighted average diluted share count of approximately 223 million shares - Diluted EPS to be $4.85–$4.90 - Adjusted free cash flow to be $1.2 billion Mondelez International, Inc. Announced 2/4/2025 6/30/2024 Company expectations for fiscal 2025: - Organic net revenue to grow 5% - Adjusted EPS to decline approximately 10% on a constant-currency basis due to unprecedented cocoa cost inflation - Free cash flow to be $3 billion Columbia Sportswear Company Announced 2/4/2025 10/30/2024 Company expectations for the first quarter of fiscal 2025: - Net sales to be $749–769 million, representing a decline of 1%–3% from $770 million in the year-ago quarter - Operating margin to be 5.4%–5.6%, compared to 5.8% in the year-ago quarter - Diluted EPS to be $0.62–0.70 compared to $0.71 in the year-ago quarter Company expectations for the first half of fiscal 2025: - Net sales to be $1,352–1,378 million, representing an increase of 1%–3% from $1,340 million in the year-ago quarter - Operating margin to be 1.5%–2.2%, compared to 1.6% in the year-ago quarter - Diluted EPS to be $0.43–0.56, compared to $0.51 in the year-ago quarter Company expectations for fiscal 2025: - Net sales to increase by 1%–3%, resulting in net sales of $3.40–3.47 billion, compared to $3.37 billion in 2024 - Gross margin to expand by 80 basis points to 51% of net sales, compared to 50.2% in 2024 - SG&A expenses, as a proportion of net sales, to be 43.4%–44.1%, compared to 42.9% in 2024 - Operating margin of 7.7%–8.3%, compared to 8.0% in 2024 - Effective income tax rate to be 24.0%–25.0% - Diluted EPS of $3.80–$4.15, compared to $3.82 in 2024 - Operating cash flow to be $250 million - Capital expenditures to be $60–80 million PepsiCo, Inc. Announced 2/4/2025 10/10/2023 Company expectations for fiscal 2025: - Low-single-digit increase in organic revenue - Mid-single-digit increase in EPS (core constant currency) - Tax rate to be 20% - Total cash returns to shareholders of approximately $8.6 billion, which includes dividends of $7.6 billion and share repurchases of $1.0 billion The Clorox Company Announced 2/3/2025 10/30/2024 Company expectations for fiscal 2025: - Gross margin to be up 125–150 basis points (from previous guidance of 100–150 basis points), primarily due to the benefits of holistic margin management efforts, partially offset by cost inflation and higher trade promotion spending - Diluted EPS to be $5.52–$5.92 (from previous guidance of $5.17–$5.42), representing a year-over-year increase of 145%–163% and reflecting the lapping of several one-time charges recorded in the year-ago period - Adjusted EPS to be $6.95–$7.35 (from previous guidance of $6.65–$6.90), representing a year-over-year increase of 13%–19%. Adjusted EPS excludes about $0.70 of expense from long-term strategic investments in digital capabilities and productivity enhancements, a $0.94 charge in the first quarter from the loss on sale related to the divestiture of the Better Health VMS business, and a $0.21 benefit from cyberattack insurance recovery in the first half. - Net sales to be down 1% to up 2%, including 1–2 points of benefit from incremental shipments related to the Enterprise Resource Planning (ERP) transition, which is expected to reverse in the front half of the next fiscal year. Organic sales to be up 4%–7%, excluding about 2 points of negative impact from the divestiture of the company's business in Argentina and about 3 points of negative impact from the divestiture of the Better Health VMS business - Selling and administrative expenses to be 15%–16% of net sales, which includes about 150 basis points of impact from the company's strategic investments in digital capabilities and productivity enhancements - Advertising and sales promotion spending to be 11%–11.5% of net sales - Effective tax rate to be 26%. Excluding the impact of the VMS sale, the company expects its fiscal year adjusted effective tax rate to be about 23%. Deckers Outdoor Corporation Announced 1/30/2025 10/24/2024 Company expectations for fiscal 2025: - Net sales to be $4.09 billion (representing an increase of approximately 15%) - Gross margin to stay at or above 57% - SG&A expenses as a percentage of sales to be 35% - Operating margin to be 22% - Effective tax rate to be 23.5% - Diluted EPS to be $5.75–$5.80 Levi Strauss & Co. Announced 1/29/2025 10/2/2024 Company expectations for fiscal 2025: - Reported net revenue to decline by 1%–3% - Organic net revenues grow by 3.5%–4.5% - Adjusted EBIT margin to be 10.9%–11.1% - Tax rate to be 23% - Adjusted diluted EPS to be $1.20–$1.25, including an approximate $0.20 headwind from FX and a higher tax rate Kimberly-Clark Corporation Announced 1/28/2025 10/22/2024 Company expectations for fiscal 2025: - Organic net sales growth to outpace the weighted average growth across categories, which is 2% - Net sales to be negatively impacted by 300 basis points of currency translation and 240 basis points from divestitures - Adjusted EPS to grow at a mid- to high-single-digit rate on a constant-currency basis - Adjusted operating profit to grow at a high-single-digit rate on a constant-currency basis - EPS to be negatively impacted by approximately 350–400 basis points from currency translation Colgate-Palmolive Company Revised 1/24/2025 10/25/2024 Company expectations for fiscal 2024: - Net sales growth to be 3%–5%, including a mid-single-digit negative impact from foreign exchange - Organic sales growth to be 7%–8%, from previous guidance of 6%–8% - On a GAAP basis, gross profit margin is set to expand, with increased advertising investment and double-digit EPS growth - On a non-GAAP basis, gross profit margin is set to expand, with increased advertising investment and EPS growth of 10%–11% from previous guidance of 8%–11% The Procter & Gamble Company Announced 1/22/2025 10/18/2024 Company expectations for fiscal 2025: - All-in sales growth to be 2%–4% - Foreign exchange rates to negatively impact all-in sales growth by 1% - Organic sales growth to be 3%–5% - Diluted net EPS growth to be 10%–12% versus fiscal-2024 EPS of $6.02 - Core net EPS growth to be 5%–7% versus fiscal-2024 EPS of $6.59; this outlook equates to $6.91–$7.05 per share with a mid-point estimate of $6.98, or an increase of 6% - Commodity costs to be a headwind of $200 million after tax - Core effective tax rate to be 20%–21% - Capital spending to be 4%–5% of net sales - Adjusted free cashflow productivity to be 90%; total dividend payment to total $10 billion; repurchasing of common shares to total $6–7 billion Target Corporation Announced 1/16/2025 5/22/2024 Company expectations for the fourth quarter of 2024: – Comparable sales to grow by 1.5% – GAAP and adjusted EPS to be $1.85–$2.45 Company expectations for fiscal 2024: – Comparable sales to increase by 0–2% – GAAP and adjusted EPS to be $8.30–$8.90 Signet Jewelers Limited Revised 1/14/2025 12/5/2024 Company expectations for the fourth quarter of fiscal 2025: - Total sales to be $2.32–2.34 billion, from previous guidance of $2.38–2.46 billion - Adjusted operating income to be $337–347 million, from previous guidance of $397–427 million - Same-store sales to be (2.5)%–(2.0)%, from previous guidance of flat to 3.0% - Adjusted EBITDA to be $381–391 million, from previous guidance of $441–471 million American Eagle Outfitters, Inc. Announced 1/13/2025 12/4/2024 Company expectations for the fourth quarter of fiscal 2024: - Operating income to be $135 million, from previous guidance of $125–130 million - Total revenue to be down by 5% - Comparable sales to grow by 2% (building on 8% growth last year) Lululemon Athletica Inc. Announced 1/13/2025 12/5/2024 Company expectations for the fourth quarter of fiscal 2024: - Net revenue to be $3.560–3.580 billion, representing growth of 6%–7% year over year - Diluted EPS to be $5.81–$5.85 - Gross margin to increase by 30 basis points, year over year - Deleverage of SG&A (selling, general and administrative) expenses of 80–90 basis points, year over year - Tax rate to be 30% J Sainsbury plc Announced 1/10/2025 4/25/2024 Company expectations for fiscal 2025: - Underlying operating profit for the Retail segment to be £1,010–1,060 million ($1,234–1,295 million), representing 7% year-over-year growth - Free cash flow for the Retail segment to be at least £500 million ($611 million) - Underlying operating profit for total Financial Services segment to be around £30 million ($37 million) Nordstrom, Inc. Revised 1/10/2025 11/26/2024 Company expectations for fiscal 2024: - Revenue growth to be 1.5–2.5% (including retail sales and credit card revenues) - Comparable sales growth of 2.5%–3.5% Albertsons Companies, Inc. Revised 1/8/2025 12/11/2024 Company expectations for fiscal 2024: - Identical sales growth of 1.8%–2.0%, from previous guidance of 1.8%–2.2% - Adjusted EBITDA to be $3.95–3.99 billion, from previous guidance of $3.90–3.98 billion - Adjusted net income per share to be $2.25–$2.31, from previous guidance of $2.20–$2.30 - Effective tax rate to be 15%–16%, from previous guidance of 23% - Capital expenditures to be $1.8–1.9 billion NIKE, Inc Announced 12/19/2024 10/1/2024 Company expectations for the third quarter of fiscal 2025: - Revenues to be down by low double digits - Gross margin to decrease by 300–350 basis points - SG&A dollars to be slightly down year over year (including restructuring charges in the prior year) - Other income and expense (including net interest income) to be $30–40 million RH Announced 12/12/2024 3/27/2024 Company expectations for the fourth quarter of fiscal 2024: - Revenue growth to be 18%–20% - Demand growth to be 20%–22% - Adjusted operating margin to be 12.2%–13.2% - Adjusted EBITDA margin to be 18%–19% Company expectations for fiscal 2024: - Revenue growth to be 9.9%–10.4% - Demand growth to be 6.8%–7.2% - Adjusted operating margin to be 11.5%–11.7% - Adjusted EBITDA margin to be 17.2%–17.4% Albertsons Companies, Inc. Announced 12/11/2024 4/22/2024 Company expectations for fiscal 2024: - Identical sales to be approximately 1.8%–2.2% - Adjusted EBITDA to be $3.90–3.98 billion - Adjusted net income per share to be $2.20–$2.30 - Effective tax rate to be 23% - Capital expenditures to be $1.8–1.9 billion Macy's, Inc. Revised 12/11/2024 8/21/2024 Company expectations for fiscal 2024: – Net sales to be $22.3–22.5 billion, compared to previous guidance of $22.1–22.4 billion – Comparable owned-plus-licensed sales growth to be (1.0)% to flat, compared to previous guidance of (2.0)%–(0.5)% – Adjusted diluted EPS to be $2.25–$2.50, compared to previous guidance of $2.34–$2.69 – Gross margin rate to be 38.2%–38.3%, compared to previous guidance of 38.6%–38.8% – Adjusted EBITDA to be 8.0%–8.4%, compared to previous guidance of 8.2%–8.7% Academy Sports + Outdoors, Inc. Revised 12/10/2024 9/10/2024 Company expectations for fiscal 2024: - Net sales to be $5.90–5.94 billion, compared to previous guidance of $5.90–6.08 billion - Comparable sales growth of (6.0)%–(5.0)%, compared to previous guidance of (6.0)%–(3.0)% - Gross margin rate to be 34.3%–34.5%, compared to previous guidance of 34.3%–34.7% - Diluted EPS to be $5.50–$5.80, compared to previous guidance of $5.45–$6.20 - GAAP net income to be $400–425 million, compared to previous guidance of $400–460 million - Adjusted diluted EPS to be $5.80–$6.10, compared to previous guidance of $5.75–$6.50 - Adjusted net income to be $420–445 million, compared to previous guidance of $420–480 million - Capital expenditures to be $185–215 million, compared to previous guidance of $175–225 million Lululemon Athletica Inc. Announced 12/5/2024 8/29/2024 Company expectations for the fourth quarter of fiscal 2024: - Net revenue to be $3.475–3.510 billion, representing growth of 8%–10% - Diluted EPS to be $5.56–$5.64 - Tax rate to be 29.5% Company expectations for fiscal 2024: - Net revenue to be $10.452–10.487 billion, representing growth of 9% - Diluted EPS to be $14.08–$14.16 - Tax rate to be 30% Ulta Beauty, Inc. Revised 12/5/2024 8/29/2024 Company expectations for fiscal 2024: - Net sales to be $11.1–11.2 billion, compared to previous guidance of $11.0–11.2 billion - Diluted EPS to be $23.20–$23.75, compared to previous guidance of $22.60–$23.50 - Comparable sales to be (1.0)%–0%, compared to previous guidance of (2.0)%–0% - Depreciation and amortization expenses to be $265–270 million - Operating margin to be 12.9%–13.1%, compared to previous guidance of 12.7%–13.0% - Effective tax rate to be 24.0% - Interest income to be $13–14 million, compared to previous guidance of $13 million - Capital expenditures to be $400–425 million, compared to previous guidance of $400–450 million The Kroger Co. Revised 12/5/2024 6/20/2024 Company expectations for fiscal 2024: - Identical sales growth rate, excluding fuel, to be 1.2%–1.5% - Adjusted net earnings per diluted share to be $4.35–$4.45 - Adjusted FIFO operating profit to be $4.6–4.7 billion - Adjusted effective tax rate of 22.5% - Capital expenditure to be $3.6–3.8 billion Signet Jewelers Limited Announced 12/5/2024 9/12/2024 Company expectations for the fourth quarter of fiscal 2025: - Total sales to be $2.38–2.46 billion - Adjusted operating income to be $397–427 million - Same store sales flat to 3.0% - Adjusted EBITDA to be $441–471 million Company expectations for fiscal 2025: - Total sales to be $6.74–6.81 billion - Adjusted operating income to be $540–570 million - Adjusted diluted EPS to be $9.62–$10.08 - Same store sales to be (3.0)%–(2.0)% - Adjusted EBITDA to be $715–745 million Dollar General Corporation Revised 12/5/2024 8/29/2024 Company expectations for fiscal 2024: - Net sales growth of 4.8%–5.1% - Same-store sales to grow by 1.1%–1.4% - Diluted EPS of $5.50–$5.90 - Capital expenditures to be $1.3–1.4 billion - Effective tax rate to be 23% - 2,435 real estate projects to be completed (including 730 new store openings, 1,620 remodels and 85 store relocations) PVH Corp. Revised 12/4/2024 8/27/2024 Company expectations for the fourth quarter of fiscal 2024: - Revenue to decrease by 6.0%–7.0% - EPS to be $2.83–$2.98 on a GAAP basis and $3.05–$3.20 on a non-GAAP basis - Interest expense to decrease to $15 million, falling from $20 million last year - Effective tax rate to be approximately 20% Company expectations for fiscal 2024: - Revenue to decrease by 6.0%–7.0% - EPS to be $10.55–$10.70 on a GAAP basis and $11.55–$11.70 on a non-GAAP basis - Operating margin to be 9.2% - Interest expense to be $68 million - Effective tax rate to be approximately 15% American Eagle Outfitters, Inc. Announced 12/4/2024 8/29/2024 Company expectations for the fourth quarter of fiscal 2024: - Operating income to be $125–130 million - Total revenue to be down by 4%(including a roughly $85 million impact from the combination of the retail calendar shift and one less selling week) - Comparable sales to grow by 1% Company expectations for fiscal 2024: - Operating income to be $428–433 million - Total revenue to grow by 1% (including the impact of one less selling week) - Comparable sales increase by 3% Five Below, Inc. Announced 12/4/2024 8/28/2024 Company expectations for the fourth quarter of fiscal 2024: - Net sales to be $1.35–1.38 billion - Approximately 22 new stores to be opened - Comparable sales to decrease by 3.0%–5.0% - Net income to be $174–184 million and Adjusted net income to be $179–189 million - Diluted income per common share to be $3.15–$3.33 and adjusted diluted income per common share to be $3.23–$3.41 - Diluted weighted average shares outstanding to be 55.3 million Company expectations for fiscal 2024: - Net sales to be $3.84–3.87 billion - Approximately 227 new stores to be opened - Comparable sales to decrease by 3.0% - Net income to be $240–250 million and Adjusted net income to be $265–275 million - Diluted income per common share to be $4.34–$4.52 and Adjusted Diluted income per common share to be $4.78–$4.96 - Diluted weighted average shares outstanding to be 55.3 million - Gross capital expenditures to be $340 million Foot Locker, Inc. Revised 12/4/2024 8/28/2024 Company expectations for the fourth quarter of fiscal 2024: - Sales to be down 3.5%–1.5% - Comparable sales to be 1.5%–3.5% - Licensing revenue to be $4.0 million - Gross margin to be 29.0%–29.2% - SG&A rate to be 22.3%–22.5% - Interest to be $2.0 million - Non-GAAP tax rate to be 33.0%–34.0% - Non-GAAP EPS to be $0.70–$0.80 Company expectations for fiscal 2024: - Sales to be down 1.5%–1.0% - Comparable sales growth of 1.0%–1.5% - Licensing revenue to be $16.0 million - Gross margin to be 28.7%–28.8% - SG&A rate to be 24.0%–24.1% - Interest to be $8 million - Non-GAAP tax rate to be down by 34.0% - Non-GAAP EPS to be $1.20–$1.30 - Capital expenditures to be $270 million - Adjusted capital expenditures to be $320 million Dollar Tree, Inc. Announced 12/4/2024 9/4/2024 Company expectations for the fourth quarter of fiscal 2024: - Consolidated net sales to be $8.1–8.3 billion, based on comparable store net sales growth in the low, single digits for the enterprise and both the Dollar Tree and Family Dollar segments - Diluted EPS for the quarter to be $2.10–$2.30 . Company expectations for fiscal 2024: - Consolidated net sales to be $30.7–30.9 billion - Comparable store net sales growth in the low-single digits for the enterprise and both the Dollar Tree and Family Dollar segments - Diluted EPS to be $5.31–$5.51 Guess?, Inc. Announced 11/26/2024 8/28/2024 Company expectations for the fourth quarter of fiscal 2025: - Consolidated net revenue to increase by 2.2%–5.4% - GAAP diluted EPS to be $1.10–$1.22 - Adjusted diluted EPS to be $1.37–$1.52 - GAAP operating margin to be 12.2%–13.0% - Adjusted operating margin to be 12.2%–13.0% Company expectations for fiscal 2025: - Consolidated net revenue to increase by 7.1%–8.1% - GAAP diluted EPS to be $0.70–$0.82 - Adjusted diluted EPS to be $1.85–$2.00 - GAAP operating margin to be 6.1%–6.4% - Adjusted operating margin to be 6.2%–6.5% Nordstrom, Inc. Revised 11/26/2024 8/27/2024 Company expectations for fiscal 2024: - Revenue growth to be flat to 1% (including retail sales and credit card revenues) - EBIT margin to be 3.0%–3.4% of sales - Adjusted EBIT margin to be 3.6%–4.0% of sales - Comparable sales growth of 1%–2% - Income tax rate to be approximately 27% - EPS to be $1.40–$1.70 - Adjusted EPS to be $1.75–$2.05 Dick's Sporting Goods, Inc. Revised 11/26/2024 9/4/2024 Company expectations for fiscal 2024: - Net sales to be $13.2–13.3 billion - Diluted EPS to be $13.65–$13.95 - Diluted EPS based on effective tax rate to be approximately 23% - Comparable store sales to grow 3.6%–4.2% - Capital expenditures of $900 million on a gross basis and $800 million on a net basis Kohl’s Corporation Revised 11/26/2024 8/28/2024 Company expectations for fiscal 2024: - Net sales to decrease by 8%–7% - Operating margin to be 3.0%–3.2% - Comparable sales to decrease by 7%–6% - Diluted EPS to be $1.20–$1.50 - Capital expenditures to be $500 million, including expansion of Sephora partnership and other store-related investments Best Buy Co., Inc. Announced 11/26/2024 8/29/2024 Company expectations for the fourth quarter of fiscal 2025: - Comparable store sales to be flat to be down by 3% - Operating income rate to 4.6%–4.8% Company expectations for fiscal 2025: - Revenue to be $41.1–41.5 billion - Comparable sales to decline by 3.5%–2.5% - Non-GAAP operating income to be 4.1%–4.2% - Non-GAAP diluted EPS to be $6.10–$6.25 - Capital expenditures to be $750 million - Adjusted effective tax rate to be approximately 23.5% Burlington Stores, Inc. Announced 11/26/2024 8/29/2024 Company expectations for the fourth quarter of fiscal 2024: - Total sales to increase by 5%–7% - Comparable store sales to increase by 0%–2% - Adjusted EBIT margin to increase by 50–80 bps - Adjusted effective tax rate to be approximately 26% - Adjusted EPS to be $3.55–$3.75 Company expectations for fiscal 2024: - Total sales to increase by 9%–10% (including 10% from the 52nd week) - Comparable store sales to increase by 2% (including 4% from the 52nd week) - Capital expenditures, net of landlord allowances, to be $750 million - 101 net new stores to open - Adjusted EBIT margin to increase by 60–70 basis points versus last year - Net interest expense to be approximately $40 million - Adjusted effective tax rate to be approximately 26.0% - Adjusted EPS to be $7.76–$7.96 Bath & Body Works, Inc. Announced 11/25/2024 9/25/2024 Company expectations for the fourth quarter of fiscal 2024: - Net sales growth to decline by 6.5%– 4.5% from $2.91 billion in the prior quarter - Diluted EPS to be $1.94–$2.07 - Adjusted diluted EPS to be $2.06 Company expectations for fiscal 2024: - Net sales to decline by 2.5%–1.7% from $7.50 billion in the prior year - Diluted EPS to be $3.46–$3.59 - Adjusted diluted EPS to be $3.15–$3.28 Gap Inc. Revised 11/21/2024 11/12/2024 Company expectations for fiscal 2024: - Net sales to increase by 1.5%–2.0% compared to previous guidance by slightly up on a 52-week basis - Gross margin expansion to be around 220 basis points compared to previous guidance of 200 basis points - Operating expenses of $5.1 billion (no change from previous guidance) - Operating income grow 60% year over year (compared to previous guidance of 50% growth) - Tax rate to be 26.5% compared to previous guidance of 28.0% - Capital expenditures to be $500 million (no change from previous guidance) Ross Stores, Inc. Announced 11/21/2024 8/22/2024 Company expectations for the fourth quarter of fiscal 2024: - Comparable store sales to increase by 2.0%–3.0% - EPS to be $1.57–$1.64 Company expectations for fiscal 2024: - EPS to be $6.10–$6.17 - EPS benefit to be $0.20 from the 53rd week BJ’s Wholesale Club Holdings, Inc Announced 11/21/2024 8/22/2024 Company expectations for the fourth quarter for fiscal 2024: - Comparable club sales, excluding the impact of gasoline sales, to grow 2.5%–3.0% year over year - Adjusted EPS to be $0.78–$0.88 Company expectations for the fiscal 2024: - Comparable club sales, excluding the impact of gasoline sales, to increase by 1%–2% year over year - Adjusted EPS to be $3.75–$4.00 Williams-Sonoma, Inc. Announced 11/20/2024 8/22/2024 Company expectations for fiscal 2024: - Net revenue to decline by 1.5%–3.0%, with comps at (4.5)%–(3)% - Operating margin to be 18.4%–18.8%, including the impact of the first-quarter out-of-period adjustment of 60 basis points - Operating margin to be 17.8%–18.2%, without the out-of-period adjustment - Annual interest income to be $50 million - Annual effective tax rate to be 25% The TJX Companies, Inc. Announced 11/20/2024 8/21/2024 Company expectations for the fourth quarter for fiscal 2025: - Comparable store sales to increase by 2%–3% - Quarterly pretax profit margin to be 10.8%–10.9% - EPS to be $1.12–$1.14 Company expectations for fiscal 2025: - Comparable sales to increase by 3% - Pretax profit margin to be 11.3% - EPS to be $4.15–$4.17 Walmart Inc. Revised 11/19/2024 8/30/2024 Company expectations for fiscal 2025: - Consolidated net sales to increase by 4.8%–5.1% - Consolidated operating income to increase by 8.5%–9.25% - Net interest expense to be flat to last year, at $100 million - Effective tax rate to be 24.5% - Adjusted EPS to be $2.42–$2.47 - Capital expenditures to be 3.0%–3.5% of net sales Lowe's Companies, Inc. Announced 11/19/2024 8/20/2024 Company expectations for fiscal 2024: - Total sales to be $83.0–83.5 billion, compared to previous guidance of $82.7–83.2 billion - Comparable sales to be (3.0)%–(3.5)%, compared to previous guidance of (3.5)%–(4.0)% - Adjusted operating margin to be 12.3%–12.4%, compared to previous guidance of 12.4%–12.5% - Net interest expenses to be $1.3 billion - Adjusted effective income tax rate to be 24.5% - Adjusted diluted EPS to be $11.80–$11.90, compared to previous guidance of $11.70–$11.90 - Capital expenditures to be $2 billion The Home Depot, Inc. Announced 7/11/2024 13/08/24 Company expectations for fiscal 2024: - Sales to increase by 4% - Total sales to be $2.3 billion, with SRS (which it acquired in June 2024) to contribute $6.4 billion in incremental sales - 12 new stores to open - Comparable sales to decline by 2.5% - Operating margin rate to be 13.5% - Gross margin rate to be 33.5% - Tax rate to be 24% - Interest expense to be $2.1 billion - Diluted EPS to decline by 2.0% Under Armour, Inc. Announced 7/11/2024 8/8/2024 Company expectations for fiscal 2025: - Revenue to be down by a low-double-digit percentage (including a 14%–16% expected decline in North America) - Gross margin to be up by 125–150 bps year over year - Selling, general and administrative expenses to increase in the mid- to high-single-digit percentage range, primarily due to litigation settlement expenses - Operating loss to be $176–196 million - Diluted loss per share to be $0.48–$0.51 - Adjusted diluted EPS to be $0.24–$0.27 - Capital expenditures to be $190–210 million Hanesbrands Inc. Announced 7/11/2024 8/8/2024 Company expectations for the fourth quarter of fiscal 2024: - Net sales from continuing operations to be $900 million - GAAP operating profit from continuing operations to be $95 million - Pretax charges for restructuring and other action-related charges to be $20 million - Adjusted operating profit from continuing operations to be $115 million - Interest expenses to be $45 million - Tax expense to be $5 million - GAAP EPS from continuing operations to be $0.06 - Adjusted EPS from continuing operations to be $0.14 - Fully diluted shares outstanding of approximately 357 million Company expectations for fiscal 2024: - Net sales from continuing operations to be $3.61 billion - GAAP operating profit from continuing operations to be $174 million - Pretax charges for actions to be $243 million - Adjusted operating profit from continuing operations to be $417 million (projected headwind of approximately $8 million from changes in foreign currency exchange rates) - Adjusted interest and other expenses to be $195 million and $53 million, respectively - Tax expense to be $40 million - Adjusted EPS from continuing operations to be $0.39 - Cash flow from operations to be approximately $250 million - Capital investments to be approximately $50 million, consisting of $40 million of capital expenditures and $10 million of cloud-computing arrangements - Free cash flow to be approximately $210 million - Fully diluted shares outstanding to be $355 million Amazon.com, Inc. Announced 31/10/24 1/8/2024 Company expectations for the fourth quarter of fiscal 2024: - Net sales to be $138.0–143.5 billion, representing 8%–13% year-over-year growth; this guidance anticipates a favorable impact of approximately 40 basis points from foreign exchange rates. - Operating income to be $16.0–20.0 billion, compared to $13.2 billion in the year-ago quarter Gildan Activewear Inc. Revised 31/10/24 1/8/2024 Company expectations for fiscal 2024: - Revenue growth to be up by low-single digits, from previous guidance of flat to up by low-single digits. According to the company, its expectations reflect the expiration of the Under Armour sock license agreement on March 31, 2024, which has had "minimal impact" on profitability. Excluding the impact of this agreement, full-year revenue growth in 2024 is expected to be in the mid-single-digit range. - Adjusted operating margin to be slightly above 21%, from previous guidance of 18%–20% - Capex to be 5% of net sales - Adjusted diluted EPS to be $2.97–$3.02 (from previous guidance of $2.92–$3.07), up 15.5%–17.5% year over year - Free cash flow to be above 2023 levels, driven by increased profitability, lower working capitalinvestments and lower capital expenditures than in 2023 - Continued benefit through SG&A from the refundable jobs credit recently introduced by Barbados (where the company's sales and marketing operations are headquartered); the credit became applicable in the second quarter but was retroactive to January 1, 2024 - Factoring in the estimated impact of the recently enacted GMT (Global Mininum Tax) legislation in Canada and Barbados, which was retroactive to January 1, 2024, adjusted effective income tax rate to be 18% - Continued share repurchases under the NCIB (Normal-Course Issuer Bid) program, given the strength of the company's balance sheet, expected strong free cash flow and leverage framework target of 1.5X to 2.5X net debt to adjusted EBITDA The Clorox Company Revised 30/10/24 1/8/2024 Company expectations for fiscal 2025: - Gross margin to be up by around 100–150 basis points (from previous guidance of 100 basis points), primarily due to the benefits of holistic margin management efforts, partially offset by cost inflation and higher trade promotion spending - Diluted EPS to be $5.17–$5.42 (from previous guidance of $4.95–$5.20), representing a year-over-year increase of 130%–141% and reflecting the lapping of several one-time charges recorded in the year-ago period - Adjusted EPS to be $6.65–$6.90 (from previous guidance of $6.50–$6.80), representing a year-over-year increase of 8%–12%. Adjusted EPS excludes about $0.60 of expense from long-term strategic investments in digital capabilities and productivity enhancements, a $0.94 charge in the first quarter from the loss on sale related to the divestiture of the Better Health VMS business, and a $0.06 benefit from cyberattack insurance recovery in the first quarter. - Net sales to be flat to down 2%. Organic sales to be up 3%–5%, excluding about 2 points of negative impact from the divestiture of the company's business in Argentina and about 3 points of negative impact from the divestiture of the Better Health VMS business - Selling and administrative expenses to be 15%–16% of net sales, which includes about 150 basis points of impact from the company's strategic investments in digital capabilities and productivity enhancements - Advertising and sales promotion spending to be 11%–11.5% of net sales - Effective tax rate to be 28%, or 24% on an adjusted basis (excluding the impact of the Better Health VMS sale) Herbalife Ltd. Announced 30/10/24 31/07/24 Company expectations for the fourth quarter of fiscal 2024: - Net sales growth to be (3.0)% to +1.0%, from $1,215.0 million in the year-ago quarter - Adjusted EBITDA to be $105–135 million, compared to $108.8 million in the year-ago quarter - Capital expenditure to be $25–45 million, compared to $35.3 million in the year-ago quarter Herbalife Ltd. Revised 30/10/24 31/07/24 Company expectations for fiscal 2024: - Net sales to decrease by 1.0%–2.0% (from previous guidance of (3.5)% to 1.5%) from $5,062.4 million net sales in 2023 - Adjusted EBITDA to be $590–620 million (from previous guidance of $560–600 million), compared to $570.6 million in 2023 - Capital expenditure to be $120–140 million (from previous guidance of $120–150 million), compared to $135.0 million in 2023 Floor & Decor Holdings, Inc. Announced 30/10/24 1/8/2024 Company expectations for fiscal 2024: - Net sales to be $4,400–4,430 million - Comparable store sales to be (8.5)%–(7.5)% - Diluted EPS to be $1.65–1.75 - Adjusted EBITDA to be $490–500 million - Depreciation and amortization expense to be $235 million - Net interest expense to be $4 million - Tax rate to be 18% - Diluted weighted average shares outstanding to be 108 million - 30 new warehouse stores to open in total - Capital expenditure to total $360–390 million Columbia Sportswear Company Announced 30/10/24 25/07/24 Company expectations for the fourth quarter of fiscal 2024: - Net sales to be $1,040–1,110 million, representing a decline of 2%–5% from $1,060 million in the year-ago quarter - Operating income to be $123–151 million, resulting in operating margin of 11.8%–13.6%, compared to 10.7% in the year-ago quarter - Diluted EPS to be $1.68–2.03, compared to $1.55 in the year-ago quarter Company expectations for fiscal 2024: - Net sales to decrease by 3%–5% from previous guidance of a 2%– 4% decline, resulting in net sales of $3.31–3.38 billion (from previous guidance of $3.35–3.42 billion), compared to $3.49 billion in 2023 - Gross margin to expand 40–90 basis points from previous guidance of 40–60 basis points, to 50.0–50.5% of net sales (from previous guidance of 50.0–50.2%) compared to 49.6% in 2023 - SG&A expenses, as a proportion of net sales, to be 42.8%–43.0% (from previous guidance of 42.4%–43.0%), compared to 40.6% in 2023 - Operating income to be $257–284 million (from previous guidance of $256–288 million), resulting in operating margin of 7.7%–8.4% compared to 8.9% in 2023 - Net interest income to be $30 million, compared to previous guidance of $28 million - Effective income tax rate to be 24.0%– 25.0% - Net income to be $217–238 million (from previous guidance of $215–239 million), resulting in diluted EPS of $3.70–$4.05 (from previous guidance of $3.65–$4.05), based on estimated weighted average diluted shares of 58.7 million (from previous guidance of 59.3 million) - Foreign currency translation is expected to have a modestly unfavorable impact on full-year net sales - Foreign currency is expected to have an $0.01 negative impact on diluted EPS (from previous guidance of a $0.07 impact) due to negative foreign currency transactional effects from hedging of inventory production, partially offset by favorable foreign currency translation impacts - Operating cash flow to be $300 million (from previous guidance of $350 million) - Capital expenditures to be $60–70 million (from previous guidance of $60–80 million) Preliminary company expectations for the first half 2025: - Based on spring 2025 order book, global wholesale net sales growth to be a mid-single–digit percentage - Growth across all regions, and in the Columbia, prAna and Mountain Hardwear brands NEXT plc Revised 30/10/24 19/09/24 Company expectations for fiscal 2024/25: - Full-price sales to be £5.02 billion ($6.24 billion), representing 4.9% year-over-year growth, up from previous guidance of 4.0% growth to £4.98 billion ($6.19 billion) - Total group sales including markdown, subsidiaries and investments to be £6.27 billion ($7.80 billion), representing 7.4% year-over-year growth, up from previous guidance of 6.6% growth to £6.23 billion ($7.75 billion) - NEXT Group profit before tax to be £1,005 million ($1,250 million), representing 9.5% year-over-year growth, up from previous guidance of 8.4% growth to £995 million ($1,237 million) - Pre-tax EPS to be 839.3 pence, representing 10.8% year-over-year growth, up from previous guidance of 9.7% growth to 830.4 pence - Post-tax EPS to be 632.4 pence, representing 9.3% year-over-year growth, up from previous guidance of 8.1% growth to 625.7 pence Crocs, Inc. Revised 29/10/24 1/8/2024 Company expectations for fiscal 2024: - Revenue growth to be 3% year over year, at currency rates as of the end of the last reported period, from previous guidance of 3%–5% (Crocs Brand to grow 8%, from previous guidance of 7%–9%; HEYDUDE Brand to be down 14.5%, down from previous guidance of an 8%–10% decline) - Adjusted operating margin to be more than 25% - Non-GAAP adjustments of $28 million related to the implementation of a new enterprise resource planning (ERP) system for HEYDUDE, and costs to transition to a new HEYDUDE distribution center in Las Vegas, Nevada - Combined GAAP tax rate to be 21%, and non-GAAP effective tax rate to be 16% - Adjusted diluted EPS to be $12.82–$12.90 (not assuming any impact from potential future share repurchases), up from previous guidance of $12.45–$12.90 - Capital expenditures to be $90–100 million, from previous guidance of $100–110 million Crocs, Inc. Announced 29/10/24 1/8/2024 Company expectations for the fourth quarter of fiscal 2024: -Revenues to be flat to up slightly compared to the year-ago quarter, at currency rates as of the end of the last reported period (Crocs Brand to grow 2%; HEYDUDE Brand to be down 4%–6%) -Adjusted operating margin to be 19.5% -Adjusted diluted EPS to be $2.20–$2.28 VF Corporation Announced 28/10/24 6/8/2024 Company expectations for the third quarter of fiscal 2025: - Revenue to be $2.70–2.75 billion, down 1%–3% year over year in reported dollars, inclusive of an expected negative FX impact of approximately 100 basis points - Adjusted operating income to be $170–200 million (down from $218 million in the year-ago period) Company expectations for fiscal 2025: - Free cash flow from continuing operations plus proceeds from non-core physical asset sales to be $425 million, with core fundamentals in line with previous guidance of $600 million. The change reflects the sale of Supreme and additional reinvestment initiatives in the second half of fiscal 2025, which are partially offset by the greater-than-anticipated proceeds for non-core physical asset sales. Colgate-Palmolive Company Revised 25/10/24 26/07/24 Company expectations for fiscal 2024: - Net sales growth to be 3%–5%, including a mid-single-digit negative impact from foreign exchange - Organic sales growth to be 7%–8%, from previous guidance of 6%–8% - On a GAAP basis, gross profit margin is set to expand, with increased advertising investment and double-digit EPS growth - On a non-GAAP basis, gross profit margin is set to expand, with increased advertising investment and EPS growth of 10%–11% from previous guidance of 8%–11% Carter's, Inc. Announced 25/10/24 26/07/24 Company expectations for the fourth quarter of fiscal 2024: - Net sales to be $800–840 million - Adjusted operating income to be $70–90 million - Adjusted diluted EPS to be $1.32–$1.72 Company expectations for fiscal 2024: - Net sales to be $2.785–2.825 billion - Adjusted operating income to be $240–260 million - Adjusted diluted EPS to be $4.70–$5.15 excluding a non-cash, pre-tax partial pension plan settlement charge of $0.9 million - Operating cash flow to be in excess of $200 million - Capital expenditures to be $65 million Skechers USA, Inc. Announced 24/10/24 25/07/24 Company expectations for the fourth quarter of fiscal 2024: - Sales to be $2.165–2.215 billion - Diluted EPS to be $0.70–$0.75 Company expectations for fiscal 2024: - Sales to be $8.925–8.975 billion - Diluted EPS to be $4.20–$4.25 Deckers Outdoor Corporation Announced 24/10/24 25/07/24 Company expectations for fiscal 2025: – Net sales to be $4.08 billion (representing an increase of approximately 12%) – Gross margin to be 55.0%–55.5% – SG&A expenses as a percentage of sales to be 35% – Operating margin to be 20%–20.5% – Effective tax rate to be 23.0%–23.5% – Diluted EPS to be $5.15–$5.25 Tractor Supply Company Revised 24/10/24 25/07/24 Company expectations for fiscal 2024: - Net sales to be $14.85–15.0 billion, from previous guidance of $14.8–15.0 billion - Comparable store sales to be 0.0%–1.0%, from previous guidance of (0.5)%–1.0% - Operating margin rate to be 9.8%–10.1% - Net income to be $1.09–1.12 billion, from previous guidance of $1.08–1.12 billion - Diluted EPS to be $10.10–$10.40, from previous guidance of $10.00–$10.40 Unilever plc Announced 24/10/24 5/5/2024 Company expectations for 2024: - Sales growth to be 3%–5% - Operating margin to be 18% Kimberly-Clark Corporation Announced 22/10/24 23/07/24 Company expectations for fiscal 2024: - Organic net sales to grow by 3%–4% - Net sales to be negatively impacted by 400 basis points of currency translation and 120 basis points from divestitures - Adjusted EPS to grow at a mid- to high-teens percentage rate on a constant-currency basis - Adjusted operating profit to grow at a mid- to high-teens percentage rate on a constant-currency basis - Reported operating profit and reported EPS to be negatively impacted by approximately 650 basis points from currency translation The Procter & Gamble Company Announced 18/10/24 30/07/23 Company expectations for fiscal 2025: - All-in sales growth to be 2%–4% - Foreign exchange rates to negatively impact all-in sales growth by 1% - Organic sales growth to be 3%–5% - Diluted net EPS growth to be 10%–12% versus fiscal-2024 EPS of $6.02 - Core net EPS growth to be 5%–7% versus fiscal-2024 EPS of $6.59; this outlook equates to $6.91–$7.05 per share - Commodity costs to be a headwind of $200 million after tax - Core effective tax rate to be 20%–21% - Capital spending to be 4%–5% of net sales - Adjusted free cashflow productivity to be 90%; total dividend payment to total $10 billion; repurchasing of common shares to total $6–7 billion CVS Health Corporation Announced 18/10/24 7/8/2023 Company expectations for the third quarter of fiscal 2024: - GAAP-diluted EPS to be $0.03– $0.08 - Adjusted EPS to be $1.05–$1.10 Ulta Beauty, Inc. Announced 16/10/24 29/08/24 Company expectations for 2026 and beyond: - Net sales growth to be 4%–6% - Operating margin to be 12% of net sales (mid‐single‐digit operating profit growth) - Diluted EPS to grow by low double digits (in percentage terms) - Capital expenditure to be 4%–5% of net sales Walgreens Boots Alliance, Inc. Announced 15/10/24 12/10/2023 Company expectations for fiscal 2025: - Total sales to be $147–151 billion - Adjusted EPS to be $1.40–$1.80 - Adjusted operating income to be $1.6–2.0 billion Levi Strauss & Co Announced 2/10/2024 27/06/24 Company expectations for fiscal 2024: – Reported net revenues to grow 1% and constant-currency net revenues to grow 1.5%–2% – Adjusted diluted EPS to be at the midpoint of the previously guided range of $1.17–$1.27 NIKE, Inc Announced 1/10/2024 27/06/24 Company expectations for the second quarter of 2025: – Revenues to be down 8%–10% – Gross margin to be down 150 basis points Ocado Group plc Revised 19/09/24 16/07/24 Company expectations for fiscal 2024: – Revenue growth to be in the low-double-digit percentage range, up from the company's previous guidance of mid- to high-single-digit percentage growth – Adjusted EBITDA to be 2.5%, excluding Hatfield fees of £33.0 million ($42.0 million) per annum Signet Jewelers Limited Announced 12/9/2024 13/06/24 Company expectations for the third quarter of fiscal 2025: - Total sales to be $1.35–1.38 billion - Operating income to be $8–25 million - Same store sales to be (1.0)%–1.5% - Adjusted EBITDA to be $55–72 million Company expectations for fiscal 2025: - Total sales to be $6.66–7.02 billion - Operating income to be $590–675 million - Diluted EPS to be $9.90–$11.52 - Same store sales to be (4.5)%–0.5% - Adjusted EBITDA to be $780–865 million Petco Health and Wellness Company, Inc. Revised 10/9/2024 22/05/24 Company expectations for third quarter of fiscal 2024: - Net Revenue to be $1.5 billion - Adjusted EBITDA to be $76–80 million - Adjusted EPS to be $(0.03)–$(0.05) . Company expectations for fiscal 2024: - Net interest expense to be $145 million - Capital Expenditures to be $140 million Academy Sports and Outdoors, Inc. Announced 10/9/2024 11/6/2024 Company expectations for fiscal 2024: - Net sales to be $5.90–6.08 billion - Comparable sales to decline by (6.0)%–(3.0)% - Gross margin rate to be 34.3%–34.7% - Diluted EPS to be $5.45–$6.20 - GAAP net Income to be $400.0–460.0 million - Adjusted diluted EPS to be $5.75–$6.50 - Adjusted net income to be $420.0–480.0 million - Capital expenditures to be $175.0–225.0 million Dick's Sporting Goods, Inc Revised 4/9/2024 29/05/24 Company expectations for fiscal 2024: - Net sales to be $13.1–13.2 billion - Diluted EPS to be $13.55–$13.90 - Diluted EPS based on effective tax rate to be approximately 23% - Comparable store sales to grow 2.5%–3.5% - Capital expenditures of $900 million on a gross basis and $800 million on a net basis Dollar Tree, Inc Announced 4/9/2024 5/6/2024 Company expectations for the third quarter of fiscal 2024: - Consolidated net sales to be $7.4–7.6 billion, based on comparable store net sales growth in the low, single digits for the enterprise and both the Dollar Tree and Family Dollar segments - Diluted EPS for the quarter to be $1.05–$1.15 . Company expectations for fiscal 2024: - Consolidated net sales to be $30.6–30.9 billion - Comparable store net sales growth in the low, single digits for the enterprise and both the Dollar Tree and Family Dollar segments - Diluted EPS to be $5.20–$5.60 Lululemon Athletica Inc. Announced 29/08/24 5/6/2024 Company expectations for the third quarter of fiscal 2024: - Net revenue to be $2.340–2.365 billion, representing growth of 6%–7% - Diluted EPS to be $2.68–$2.73 - Tax rate to be 30% Company expectations for fiscal 2024: - Net revenue to be $10.375–10.475 billion, representing growth of 8%–9% - Diluted EPS to be $13.95–$14.15 - Tax rate to be 30% Ulta Beauty, Inc. Revised 29/08/24 30/05/24 Company expectations for fiscal 2024: - Net sales to be $11.0–11.2 billion, from previous guidance of $11.5–11.6 billion - Diluted EPS to be $22.60–$23.50, from previous guidance of $25.20–$26.00 - Comparable sales to be (2.0)%–0%, from previous guidance of 2.0%–3.0% - Depreciation and amortization expense to be $265–270 million, from previous guidance of $270–275 million - Operating margin to be 12.7%–13.0%, from previous guidance of 13.7%–14.0% - Tax rate to be 24.0% - Interest income to be $13 million The Gap, Inc Announced 29/08/24 30/05/24 Company expectations for the third quarter of fiscal 2024: – Net sales to be up slightly from $3.77 billion in the year-ago period – Operating expenses to be around $1.3 billion – Gross margin to expand by 50–75 bps Company expectations for fiscal 2024: – Net sales to be slightly up on a 52-week basis – Operating expenses to be $5.1 billion – Gross margin to expand by 200 bps – Operating income to grow in the mid-to-high 50% range – Tax rate to be 28% – Capital expenditure to be $500 million American Eagle Outfitters, Inc. Announced 29/08/24 29/05/24 Company expectations for the third quarter of fiscal 2024: - Operating income to be $120–125 million - Revenue to be slightly flat to up - Comparable sales to grow by 3%–4% Company expectations for fiscal 2024: - Operating income to be $455–465 million - Revenue to grow by 2%–3%(including a 1-point revenue headwind from the shift in the retail calendar) - Comparable sales increase by 4% Best Buy Co., Inc Announced 29/08/24 30/05/24 Company expectations for the third quarter of fiscal 2025: - Comparable store sales to decline by 1.0% - Operating income rate to be 3.7% Company expectations for fiscal 2025: - Revenue to be $41.3–41.9 billion - Comparable sales to decline by 1.5%–3% - Non-GAAP operating income to be 4.1%–4.2% - Non-GAAP diluted EPS to be $6.10–$6.35 - Capital expenditures to be $750 million - Adjusted effective tax rate to be approximately 24% Dollar General Corporation Revised 29/08/24 30/05/24 Company expectations for fiscal 2024: - Net sales growth of 4.7%–5.3% - Same-store sales to decline by 1.0%–1.6% - Diluted EPS of $5.50–$6.20 - Capital expenditures to be $1.3–1.4 billion - Effective tax rate to be 23% - To open 2,435 real estate projects (including 730 new store openings, 1,620 remodels and 85 store relocations) Burlington Stores, Inc Announced 29/08/24 30/05/24 Company expectations for the third quarter of fiscal 2024: - Total sales to increase by 10%–12% - Comparable store sales to increase by 0%–2% - Adjusted EBIT margin to increase by 60–80 bps - Adjusted effective tax rate to be approximately 25% - Adjusted EPS to be $1.45–$1.55 Company expectations for fiscal 2024: - Total sales to increase by 9%–10% (including 10% from the 52nd week) - Comparable store sales to increase by 2%–3% - Capital expenditures, net of landlord allowances, to be $750 million - To open 100 net new stores - Adjusted EBIT margin to increase by 50–70 basis points versus last year - Net interest expense to be approximately $40 million - Adjusted effective tax rate to be approximately 26.0% - Adjusted EPS to be $7.66–$7.96 Guess?, Inc. Announced 28/08/24 30/05/24 Company expectations for the third quarter of fiscal 2025: - Consolidated net revenue to increase by 14.5%–16.5% - GAAP diluted EPS to be $0.28–$0.38 - GAAP operating margin to be 4.7%–5.8% - Adjusted operating margin to be 4.7%–5.8% - Adjusted diluted EPS to be $0.33–$0.45 Company expectations for fiscal 2025: - Consolidated net revenue to increase by 9.5%–11.0% - GAAP diluted EPS to be $1.92–$2.14 - GAAP operating margin to be 7.2%–7.7% - Adjusted operating margin to be 7.3%–7.8% - Adjusted diluted EPS to be $2.42–$2.70 Five Below, Inc. Announced 28/08/24 16/07/24 Company expectations for the third quarter of fiscal 2024: - Net sales to be $780–800 million - Approximately 85 new stores to be opened - Comparable sales to decrease by a mid-single-digit percentage - Net loss of $2–13 million - Diluted income per common share to be $0.04–$0.24 - Diluted weighted average shares outstanding to be 55.3 million Company expectations for fiscal 2024: - Net sales to be $3.73–3.80 billion - Approximately 230 new stores to be opened - Comparable sales to increase by 4.0%–5.5% - Net income to be $220–244 million - Diluted income per common share to be $3.98–$4.41 - Diluted weighted average shares outstanding to be 55.3 million - Gross capital expenditures to be $335–345 million Kohl's Corporation Announced 28/08/24 30/05/24 Company expectations for fiscal 2024: - Net sales to decrease by 4%–6% - Operating margin to be 3.4%–3.8% - Comparable sales to decrease by 3%–5% - Diluted earnings per share to be $1.75–$2.25 - Capital expenditures to be $500 million, including expansion of Sephora partnership and other store-related investments Bath & Body Works, Inc. Announced 28/08/24 4/6/2024 Company expectations for fiscal 2024: - Net sales to decline by 2%–4% from $7.42 billion in the prior year - Diluted EPS to be $3.37–$3.57 - Adjusted diluted EPS to be $3.06–$3.26 Company expectations for the third quarter of fiscal 2024: - Net sales growth to be flat–2.5% from $1.56 billion in the prior quarter - Diluted EPS to be $0.41–$0.47 - Adjusted diluted EPS to be $0.48 Foot Locker, Inc. Announced 28/08/24 6/3/2024 Company expectations for fiscal 2024: - Sales growth of (1.0)%–1.0% - Comparable sales growth of 1.0%–3.0% - Licensing revenue to be $17.0 million - Gross margin to be 29.5%–29.7% - SG&A rate to be 24.1%–24.3% - Interest to be $10 million - Non-GAAP tax rate to be 33.0%–34.0% - Non-GAAP EPS to be $1.50–$1.70 - Capital expenditures to be $275 million - Adjusted capital expenditures to be $330 million PVH Corp Announced 27/08/24 4/6/2023 Company expectations for the third quarter of fiscal 2024: - Revenue to decrease by 6.0%–7.0% - EPS to be $2.30 on a GAAP basis and $2.90 on a non-GAAP basis - Interest expense to decrease to $17 million, falling from $22.0 million last year - Effective tax rate to be approximately 23% Company expectations for fiscal 2024: - Revenue to decrease by 6.0%–7.0% year over year (on a constant-currency basis) - EPS to be $11.20–$11.45 on a GAAP basis and $11.55–$11.80 on a non-GAAP basis - Interest expense to be $70 million - Effective tax rate to be approximately 16% Nordstrom, Inc. Revised 27/08/24 30/05/23 Company expectations for fiscal 2024: - Revenue growth of (1)%–1% (including retail sales and credit card revenues) - EBIT margin to be 3.0%–3.4% of sales - Comparable sales growth of 0%–2% - Income tax rate to be approximately 27% - EPS to be $1.40–$1.70 - Adjusted EPS to be $1.75–$2.05 JD Sports Fashion plc Announced 22/08/24 15/05/20 Company expectations for fiscal 2024: - Profit before tax and adjusting items to be £955–1,035 million ($1,250–1,355 million) on a pre-Hibbett basis - £15 million ($19.7 million) headwind at current exchange rates due to a stronger pound Ross Stores, Inc. Announced 22/08/24 18/05/23 Company expectations for the third quarter of fiscal 2024: - Total sales to increase by 3%–5% - EPS to be $1.35–$1.41 compared to $1.33 in the year-ago quarter Company expectations for the fourth quarter of fiscal 2024: - EPS to be $1.60–$1.67 compared to $1.82 in the year-ago quarter Company expectations for fiscal 2024: - EPS to be $6.00–$6.13 compared to $5.56 in the year-ago quarter - EPS benefit to be $0.20 from the 53rd week Williams-Sonoma, Inc. Announced 22/08/24 23/08/23 Company expectations for fiscal 2024: - Net revenue growth to be (4.0)%–(1.5)%, with comps at (5)%–(3)% - Operating margin to be 18.0%–18.4%, including the impact of the first-quarter out-of-period adjustment of 60bps - Operating margin to be 17.4%–17.8%, without the out-of-period adjustment - Annual interest income to be $45 million - Annual effective tax rate to be 25.5% The TJX Companies, Inc. Announced 21/08/24 28/02/24 Company expectations for the third quarter of fiscal 2025: - Comparable store sales to increase by 2%–3% - Pre-tax profit margin to be 11.8%–11.9% - Diluted EPS to be $1.06–$1.08 Company expectations for fiscal 2025: - Comparable sales to increase by 3% - Pre-tax profit margin to be 11.2% - Diluted EPS to be $4.09–$4.13 Macy's, Inc. Revised 21/08/24 21/05/24 Company expectations for fiscal 2024: – Net sales to be $22.1–22.4 billion, compared to previous guidance of $22.3–22.9 billion – Comparable owned-plus-licensed sales to be down (2.0)%–0.5% from previous guidance of (1.0)%–1.5% – Adjusted diluted EPS to be $2.55–$2.90 Lowe's Companies, Inc. Revised 20/08/24 21/05/24 Company expectations for fiscal 2024: - Total sales to be $82.7–83.2 billion compared to previous guidance of $84–85 billion - Comparable sales to be (3.5)%–4.0% compared to previous guidance of (2)%–(3)% - Adjusted operating margin to be 12.4%–12.5% compared to previous guidance of 12.6%–12.7% - Net interest expenses to be $1.4 billion - Adjusted effective income tax rate to be 24.5% from previous guidance of 25% - Adjusted diluted EPS to be $11.70–$11.90 compared to previous guidance of $12.00–$12.30 - Capital expenditures to be $2 billion The Estée Lauder Companies Inc. Announced 19/08/24 1/11/2023 Company expectations for the first quarter of 2025: - Reported and organic net sales to decrease by 5%–3% compared to the the previous year EPS Outlook: - Diluted net EPS to be $(0.09) to flat - Excluding restructuring and other charges and adjustments, diluted net EPS to be $0.02–$0.10 - Adjusted diluted EPS to decrease by 17%–89% and range between $0.01–$0.09 on a constant-currency basis Company expectations for fiscal 2025: - Organic net sales to be (1)%–2% compared to the previous year Earnings Per Share Outlook: - Diluted net EPS to be $2.52–$2.76 - Excluding restructuring and other charges and adjustments, diluted net EPS to be $2.75–$2.95 - Adjusted diluted EPS to increase by 7%–15% and range between $2.78–$2.98 on a constant-currency basis Walmart Inc Announced 15/08/24 16/05/24 Company expectations for the third quarter of fiscal 2025: - Consolidated net sales to increase by 3.25%–4.25% - Consolidated operating income to be 3.0%–4.5% - Adjusted EPS to be $0.51–$0.52 Company expectations for fiscal 2025: - Consolidated net sales to increase by 3.75%–4.75% - Consolidated operating income to increase by 6.5%–8.0% - Net interest expense to be $100 million - Effective tax rate to be at the lower end of original guidance of 25.0%–26.0% - Adjusted EPS to be $2.35–$2.43 - Capital expenditures to be 3.0%–3.5% of net sales The Home Depot, Inc. Revised 13/08/24 14/05/24 Company expectations for fiscal 2024: - Sales to increase by 2.5%–3.5% - Company to open 12 new stores - Comparable sales to decline by 3%–4% - Operating margin rate to be 13.5%–13.6% - Gross margin rate to be 33.5% - Tax rate to be 24% - Interest expense to be $2.2 billion - Diluted EPS to increase by 1%–3% Under Armour, Inc Announced 8/8/2024 16/05/24 Company expectations for fiscal 2025: - Revenue to be down by a low-double-digit percentage rate (including an expected 14%–16% decline in North America) - Gross margin to be up by 75–100 basis points - Operating loss to be $194–214 million - Diluted loss per share to be $0.53–$0.56 - Capital expenditures to be $200–220 million - Selling, general and administrative expenses (SG&A) to be up by a mid- to high-single-digit percentage rate due to litigation expenses - Adjusted diluted EPS to be $0.19–$0.22 Hanesbrands Inc. Announced 8/8/2024 9/5/2024 Company expectations for the third quarter of fiscal 2024: - Net sales from continuing operations to be $920–950 million - GAAP operating profit from continuing operations to be $85–110 million - Pretax charges for actions related to the Full Potential transformation plan and the global Champion performance plan to be $20 million - Adjusted operating profit from continuing operations to be $105–120 million - Interest expenses to be $50 million - Tax expense to be $12 million - GAAP EPS from continuing operations to be $0.03–$0.08 - Adjusted EPS from continuing operations to be $0.09–$0.14 - Fully diluted shares outstanding of approximately 354 million Company expectations for fiscal 2024: - Net sales from continuing operations to be $3.59–3.63 billion - GAAP operating profit from continuing operations to be $151–171 million - Pretax charges for actions to be $244 million - Adjusted operating profit from continuing operations to be $395–415 million (includes a projected headwind of $9 million from changes in foreign currency exchange rates) - Adjusted interest and other expenses to be $210 million and $40 million, respectively - Tax expense to be $45 million - Adjusted loss per share from continuing operations to be $(0.41)–$(0.35) - Cash flow from operations to be approximately $200 million - Capital investments to be approximately $50 million, consisting of $40 million of capital expenditures and $10 million of cloud computing arrangements - Free cash flow to be approximately $160 million - Fully diluted shares outstanding to be $353 million Ralph Lauren Corporation Announced 7/8/2024 23/05/24 Company expectations for the second quarter of 2025: - Revenue to increase in the low- to mid-single digits, year over year - Operating margin growth to be 80–120 basis points in constant currency - Tax rate to be 21%–22% Company expectations for full-year 2025: - Revenue to increase by a low-single-digit percentage rate, year over year - Operating margin to be 100–120 basis points in constant currency - Tax rate to be 22%–23% - Capital expenditure to be $300–325 million CVS Health Corporation Revised 7/8/2024 1/5/2024 Company expectations for full year 2024: - GAAP diluted EPS to be $4.95– $5.20 from previous guidance of $5.64– $7.06 - Adjusted EPS to be $6.40–$6.65 from previous guidance of $7.00–$8.30 - Cash flow from operations to be $9.0 billion from previous guidance of $10.5 billion NEXT plc Revised 1/8/2024 4/1/2024 Company expectations for fiscal 2025: - Profit before tax to be £980 million ($1,251 million) - EPS of 616.5 pence ($7.83) - Net debt (excluding lease liabilities) to be £625 million ($798 million) Gildan Activewear Inc. Announced 1/8/2024 1/5/2024 Company expectations for fiscal 2024: - Revenue growth to be flat to up by low-single digits - Adjusted operating margin slightly above the high end of the 18%–20% target range for 2024 - Capex to be at 5% of net sales - Adjusted diluted EPS to be $2.92–$3.07 Crocs, Inc. Announced 1/8/2024 7/5/2024 Company expectations for the third quarter of 2024: – Revenue change of (1.5)%–(0.5)% versus the third quarter of 2023 – Revenue for the Crocs brand to grow 3%–5% versus the third quarter of 2023 – Adjusted diluted EPS to be $2.95–$3.10 – Adjusted operating margin to be 24.5% Company expectations for fiscal 2024: – Revenue to grow 3%–5% – Revenue for the Crocs brand to grow 7%–9% – Revenue from the HEYDUDE brand to be down 10%–8% – Adjusted operating margin to be more than 25% – Combined GAAP tax rate of 21.5% and non-GAAP effective tax rate of 18.0% – Adjusted diluted EPS to be $12.45–$12.90 – Capital expenditures to be $100–110 million Amazon.com, Inc. Announced 1/8/2024 30/04/24 Company expectations for the third quarter of fiscal 2024: - Net sales to be $154–158.5 billion, or 8%–11% (which anticipates an unfavorable impact of approximately 90 basis points from foreign exchange rates) - Operating income to be $11.5–15 billion (which assumes, among other things, that no additional business acquisitions, restructurings or legal settlements are concluded) Floor & Decor Holdings, Inc Revised 1/8/2024 2/5/2024 Company expectations for fiscal 2024: - Net sales to be $4,400–4,490 million - Comparable store sales change of (8.5)%–(6.5)% - Diluted EPS to be $1.55–$1.75 - Adjusted EBITDA to be $480–505 million - Depreciation and amortization expense to be $235 million - Net nterest expense to be $6–7 million - Tax rate to be 18% - Diluted weighted average shares outstanding to be 108 million shares - 30 new warehouse-format stores to open - Capital expenditures to be $360–410 million The Clorox Company Announced 1/8/2024 30/04/24 Company expectations for fiscal 2025: - Net sales growth to be flat to (2)% - Organic sales to be 3%–5% (excluding about 2 points of negative impact from the divestiture of the company's business in Argentina and about 3 points of negative impact from the expected divestiture of the Better Health VMS business) - Gross margin to be up by 100 basis points, primarily due to the benefits of holistic margin management efforts, partially offset by cost inflation and higher trade promotional spending - Selling and administrative expenses to be 15%–16% of net sales (includes about 150 basis points of impact from the company's strategic investments in digital capabilities and productivity enhancements) - Advertising and sales promotion to be 11.0%–11.5% - Effective tax rate to be 28% - Diluted EPS to be $4.95–$5.20, an increase of 120%–131% - Adjusted EPS to be $6.55–$6.80, an increase of 6%–10% Herbalife Ltd Announced 31/07/24 1/5/2024 Company expectations for the third quarter of 2024: - Net sales to be (4.5)%–0% - Capital expenditures to be $35–45 million - Adjusted EBITD to be $125–155 million Company expectations for 2024: - Net sales to be (3.5)%–1.5% - Capital expenditures to be $120–150 million - Adjusted EBITD to be $560–600 million The Procter & Gamble Company Announced 30/07/24 19/04/24 Company expectations for fiscal 2025: - All-in sales growth to be 2%–4% - Foreign exchange rates to be a headwind of 1% to all-in sales growth - Organic sales growth to be 3%–5% - Diluted net EPS growth to be 10%–12% versus fiscal 2024 EPS of $6.02 - Core net EPS growth to be 5%–7% versus fiscal 2024 EPS of $6.59 .This outlook equates to a range of $6.91–$7.05 per share. - Unfavorable foreign exchange rates and commodity costs to be a headwind of $500 million after tax - Core effective tax rate to be 20%–21% - Capital spending to be 4%–5% of net sales - Adjusted free cashflow productivity to be 90%; total dividend payment of $10 billion; repurchasing of common shares to total $6–7 billion Sprouts Farmers Market, Inc Announced 29/07/24 1/5/2024 Company expectations for fiscal 2024: - Net sales to growth to be 9%–10% - Comparable store sales growth of 4%–5% - Adjusted EBIT to be $445–455 million - Adjusted diluted EPS to be $3.29–$3.37 - Unit growth of 35 new stores - Capital expenditures (net of landlord reimbursements) to be $225–245 million Company expectations for the third quarter of fiscal 2024: - Comparable store sales growth of 3.5%–4.5% - Adjusted diluted EPS to be $0.71–$0.75 Carter's, Inc Announced 26/07/24 26/04/24 Company expectations for fiscal 2024: - Net sales to be $2.785–2.825 billion - Adjusted operating income to be $240–260 million - Adjusted diluted earnings to be $4.60–$5.05 - Operating cash flow to be in excess of $200 million - Capital expenditures to be $75 million Company expectation for the third quarter of 2024: - Net sales to be $735–755 million - Adjusted operating income to be $60–70 million - Adjusted diluted earnings per share to be $1.10–$1.35 Colgate-Palmolive Company Revised 26/07/24 26/04/24 Company expectations for fiscal 2024: - Net sales growth to be 2%–5%, including a mid-single-digit negative impact from foreign exchange - Organic sales growth to be 6%–8%, from previous guidance of 5%–7% - On a GAAP basis, the company expects gross profit margin expansion, increased advertising investment and double-digit earnings-per-share growth. - On a non-GAAP basis, the company expects gross profit margin expansion, increased advertising investment and earnings-per-share growth of 8%–11%. Tractor Supply Company Revised 25/07/24 25/04/24 Company expectations for fiscal 2024: - Net sales to be $14.8–15.0 billion, from previous guidance of $14.7–15.1 billion - Comparable store sales to be (0.5)%–1.0%, from previous guidance of (1.0)%–1.5% - Operating margin rate to be 9.8%–10.1%, from previous guidance of 9.7%–10.1% - Net income to be $1.08–1.12 billion, from previous guidance of $1.06–1.13 billion - Earnings per diluted share to be $10.00–$10.40, from previous guidance of $9.85–$10.50 Columbia Sportswear Company Revised 25/07/24 25/04/24 Company expectations for fiscal 2024: - Net sales to be $3.35–3.42 billion, representing a decrease of 4%–2% - Net income to be $215–239 million, from previous guidance of $217–240 million - Operating income to be $256–288 million, from previous guidance of $259–291 million - Gross margin to be 50.0–50.2% of net sales, from previous guidance of 50.4%–50.8% - SG&A expense to be 42.4%–43.0% of net sales, from previous guidance of 43.0%–43.4% - Interest income to be $28 million - Income tax rate to be 24%–25% - Operating cash flow to be $350 million - Capital expenditures to be $60–80 million Company expectations for the third quarter of fiscal 2024: - Net sales to be $927–959 million, representing a decline of 6%–3% - Operating income to be $94–107 million, with an operating margin of 10.1%–11.2% - Diluted EPS to be $1.27–$1.43 Skechers U.S.A., Inc Announced 25/07/24 25/04/24 Company expectations for the third quarter of fiscal 2024: - Sales to be $2.30–2.35 billion - Diluted EPS to be $1.10–$1.15 Company expectations for fiscal 2024: - Sales to be $8.875–8.975 billion - Diluted EPS to be $4.08–$4.18 Reckitt Benckiser Group plc Revised 24/07/24 25/04/24 Company expectations for fiscal 2024: - Net revenue growth to be 1%–3%, from previous guidance of 2%–4% - Adjusted operating profit to grow ahead of net revenue growth - Adjusted net finance expense to be £300–320 million ($386–412 million) - Adjusted tax rate to be 25%–26% - Capital expenditure to be 3%–3.5% of net revenue Kimberly-Clark Corporation Announced 23/07/24 23/04/24 Company expectations for fiscal 2024: - Organic net sales to grow at mid-single-digit rate - Net sales to be negatively impacted by 400 basis points of currency translation and 120 basis points from divestitures - Adjusting EPS to grow at a mid-to-high teens percentage rate on a constant-currency basis - Adjusting operating profit is now expected to grow at a mid-to-high teens percentage rate on a constant-currency basis - Reported operating profit and reported EPS to be negatively impacted by approximately 700 basis points from currency translation Ocado Group plc Announced 16/07/24 26/03/23 Company expectations for fiscal 2024: – Revenue growth to be in the mid-high single digits percentage growth – Adjusted EBITDA to be 2.5%, excluding Hatfield fees of £33.0 million ($42.0 million) per annum – Cash flow to improve by £150.0 million ($190.0 million) – Capital expenditure to be £425.0 million ($539.0 million) Five Below, Inc Revised 16/07/24 5/6/2024 Company expectations for the Second Quarter of fiscal 2024: - Net sales to be $820.0–826.0 million, up from its previous guidance of $830–$850 million - Diluted income per common share to be $0.53–$0.56, up from its previous guidance of $0.57–$0.69 Burberry Group plc Announced 15/07/24 16/11/23 Company expectations for fiscal 2025: – The company expects to have operating profit to "be below current consensus" – Wholesales revenue to decline by 30.0% – Retail space to be broadly stable throughout the year – Capital expenditure to be £150.0 million ($190.0 million) – Operating profit and currency headwind of revenue to be £20.0–50.0 million ($25.0–70.0 million) Company expectations for the first half of fiscal 2025: – The company expects an operating profit loss – Wholesales revenue to decline by 25.0% NIKE, Inc. Announced 27/06/24 21/03/24 Company expectations for fiscal 2025: - Revenue to revenue to be down mid-single digits, in percentage terms - Gross margin expansion of 10–30 basis points on a reported basis - SG&A growth to be up slightly versus the prior year - Other income and expense, including net interest income, to be $250–300 million - Effective tax rate to be in the high-teens range, in percentage terms Company expectations for first half of Fiscal 2025 –Revenue to be down high single-digits Company expectations for the first quarter of Fiscal 2025 –Revenue to be down approximately 10% –Gross margin to be in line –SG&A to be up mid-single-digits Signet Jewelers Limited Announced 13/06/24 20/03/24 Company expectations for the Second Quarter of fiscal 2024: - Total sales to be $1.46–$1.52 billion - Operating income to be $50–$75 million - Same store sales to be (6)–(2)% - Adjusted EBITDA to be $98–$123 million Company expectations for fiscal 2025: - Total sales to be $6.66–$7.02 billion - Operating income to be $590–$675 million - Diluted EPS to increase $9.90–$11.52 - Same store sales to be (4.5)–0.5% - Adjusted EBITDA to be $780–$865 million Big Lots, Inc. Announced 6/6/2024 7/3/2024 Company expectations for the second quarter of fiscal 2024: - Comparable sales to be down in the mid to high-single-digit range,to improve sequentially relative to the first quarter. - Gross margin rate to up by 300 basis points, driven by reduced markdown activity and benefits from Project Springboard efforts - Adjusted SG&A dollars to be low to mid-single-digit percentage range versus 2023 - Share count of the company to be 29.3 million Dollar Tree, Inc. Announced 5/6/2024 13/03/24 Company expectations for fiscal 2024: - Consolidated net sales to be $31–$32 billion - Comparable store sales to be in low-to-mid-single digits (comprised of mid-single-digit increase in the Dollar Tree segment and a low-single-digits in the Family Dollar segment) - Diluted EPS to be $6.50–$7.30 Company expectations for the second quarter of fiscal 2024: - Consolidated net sales to be $7.3–$7.6 billion, based on a low-single-digit increase in same-store sales for the enterprise - Diluted EPS for the quarter to be in range of $1.00–$1.10 Five Below, Inc. Announced 5/6/2024 20/03/24 Company expectations for the Second Quarter of fiscal 2024: - Net sales to be $830–$850 million - Approximately 60 new stores to be opened - Comparable sales to be at mid-single digit decrease - Net income to be $32–$38 million - Diluted income per common share to be $0.57–$0.69 - Diluted weighted average shares outstanding to be 55.2 million Company expectations for fiscal 2024: - Net sales to be $3.79–$3.87 billion - Approximately 230 new stores to be opened - Comparable sales to increase by 3–5% - Net income to be $275–$297 million - Diluted income per common share to be $4.97–$5.37 - Diluted weighted average shares outstanding to be 55.3 million - Gross capital expenditures to be $345–$355 million Lululemon Athletica Inc. Announced 5/6/2024 21/03/24 Company expectations for the Second Quarter of fiscal 2024: - Net revenue to be $2.400–$2.420 billion, representing growth of 9–10% - Diluted EPS to be $2.92–$2.97 - Tax rate to be 30% Company expectation for fiscal 2024: - Net revenue to be $10.700–$10.800 billion, representing growth of 11–12% - Diluted EPS to be $14.27–$14.47 - Tax rate to be 30%. - Operating margin to be 23.3% Bath & Body Works, Inc. Announced 4/6/2024 29/02/24 Company expectations for the fiscal year 2024: –Net sales to decline 2.5% to flat. –Earnings per diluted share to be $3.05–$3.35 –The company’s full-year guidance includes the anticipated impact of $300 million cash deployed towards share repurchases Company expectations for the second quarter of 2024: –Net sales to decline 2.0% to flat. –Earnings per diluted share to be $0.31–$0.36 –The company’s second quarter guidance includes the anticipated impact of $75 million cash deployed towards share repurchases. Burlington Stores, Inc. Announced 30/05/24 7/3/2024 Company expectations for fiscal 2024: - Total sales to increase 8–10% (including 10% from the 52nd week) - Comparable store sales to increase 0–2% - Capital expenditures, net of landlord allowances, to be $750 million - To open 100 net new stores - Adjusted EBIT margin to increase 40–60 basis points versus last year - Net interest expense to be approximately $43 million - Adjusted Effective Tax Rate to be approximately 26.5% - Adjusted EPS to be in range of $7.35–$7.75 Company expectations for the second quarter of fiscal 2024: - Total sales to increase 9–11% - Comparable store sales to increase 0–2% - Adjusted EBIT margin to increase 30–50 basis points versus quarter - Adjusted Effective Tax Rate to be approximately 26% - Adjusted EPS to be in range of $0.83–$0.93, as compared to $0.63 in Adjusted EPS last year Dollar General Corporation Announced 30/05/24 14/03/24 Company expectations for fiscal 2024: - Net sales growth to be 6.0–6.7% - Same-store sales decline to be 2.0-2.7% - Diluted EPS to be in the range of $6.80–$7.55 - Capital expenditures to be $1.3–$1.4 billion - Effective tax rate to be 22.5-23.5% - To open 2,435 real estate projects (including 730 new store openings, 1,620 remodels, and 85 store relocations) compares to its previous guidance Company expectations for second quarter fiscal 2024: - Same-store sales growth in the low 2% range - Diluted EPS to be in the range of $1.70–$1.85 Kohl's Corporation Revised 30/05/24 12/3/2024 Company expectations for fiscal 2024: - Net sales to decrease of (2)–(4)% - Operating margin to be 3.0–3.5% - Comparable sales to decrease of (1)–(3)% - Diluted earnings per share to be $1.25–$1.85 - Capital expenditures to be $500 million Best Buy Co., Inc. Announced 30/05/24 29/02/24 Company expectations for fiscal 2025: - Revenue to be $41.3–$42.6 billion - Comparable sales to be decline by (3)–0% - Non-GAAP operating income to be 3.9–4.1% - Non-GAAP diluted EPS to be $5.75–$6.20 - Capital expenditures to be $750 million - Adjusted Effective Tax Rate to be approximately 25% Ulta Beauty, Inc. Revised 30/05/24 14/03/24 Company expectations for fiscal 2024: - Net sales to be $11.05–$11.06 billion from previous guidance of $11.07–$11.08 billion - Diluted EPS to be $25.20–$26.0 from previous guidance of $26.20–$27.0 - Comparable sales to be 2.0–3.0% from previous guidance of 4.0–5.0% - Depreciation and amortization expense to be $270–$275 million from previous guidance of $275–$280 million - Operating margin to be 13.7–14.0% from previous guidance of 14.0–14.3% - Tax rate to be 24.0% from previous guidance of 24.3% - Interest income to be $13 million from previous guidance of $11 million Guess?, Inc. Announced 30/05/24 20/03/24 Company expectations for the second quarter of fiscal 2025: - Consolidated net revenue to increase by 9–11% - GAAP diluted EPS to be $0.33–$0.40 - GAAP operating margin to be 5.3–6.1% - Adjusted operating margin to be 5.3–6.1% - Adjusted diluted EPS to be $0.38–$0.47 Company expectations for fiscal 2025: - Consolidated net revenue to increase by 10.7–12.7% - GAAP diluted EPS to be $2.59–$2.89 - GAAP operating margin to be 7.3–8.1% - Adjusted operating margin to be 7.7–8.5% - Adjusted diluted EPS to be $2.62–$3.00 The Gap, Inc. Revised 30/05/24 7/3/2024 Company expectations for the second quarter of fiscal 2024: –Net sales to be in Low-single-digit growth –Operating expenses to have a growth of 5% –Gross margin to have 300bps expansion Company expectations for the fiscal year 2024: –Net sales to be slightly up on a 52-week basis –Operating expenses to be $5.1 billion –Gross margin to have 150bps expansion –Operating income to have growth of mid 40% –Tax rate to be 28% –Capital expenditure to be 500 million Nordstrom, Inc. Announced 30/05/24 5/3/2024 Company expectations for fiscal 2024: - Revenue to decline to (2)–1% growth (including retail sales and credit card revenues) - EBIT margin to be 3.5–4.0% of sales - Comparable sales to be decline to (1)–2% growth - Income tax rate to be approximately 27% - EPS to be $1.65–$2.05 DICK'S Sporting Goods, Inc. Announced 29/05/24 14/03/24 Company expectations for fiscal 2024: - Net sales to be $13.1–$13.2 billion - Diluted EPS to be $13.35–$13.75 - Diluted EPS based on effective tax rate to be approximately 23% - Comparable store sales to grow 2–3% - Capital expenditures to be between $900 million on a gross basis - Capital expenditures to be between $800 million on a net basis American Eagle Outfitters, Inc. Announced 29/05/24 7/3/2024 Company expectations for the Second quarter of fiscal 2024: - Operating income to be $95–$100 million - Revenue to be up high-single digits (including $55 million positive impact from the retail calendar shift) Company expectations for the fiscal 2024: - Operating income to be $445–$465 million - Revenue to grow by 2–4%(including a 1-point revenue headwind from the shift in the retail calendar) Ralph Lauren Corporation Announced 23/05/24 8/2/2024 Company expectations for the First Quarter of 2025: - Revenue to be up slightly to last year on a constant currency basis.(including approximately 160 basis points of negative foreign currency impact on a reported basis) - Operating margin to be 60–80 basis points in constant currency - Tax rate to be 24–25% Company expectations for the full year of 2025: - Revenue to increase low-single digits to last year centered around 2–3% in constant currency . - perating margin to be 100–120 basis points in constant currency - Tax rate to be 23–24% - Capital expenditure to be of $300–$325 million Ross Stores, Inc Announced 23/05/24 5/3/2024 Company expectations for the second Quarter of fiscal 2024: - Comparable store sales to grow 2–3% - EPS to be $1.43–$1.49 compared to $1.32 last year Company expectations for fiscal 2024: - Comparable store sales to grow 2–3% - EPS to be $5.79–$5.98 - Earnings per share to be approximately $0.20 from the 53rd week Deckers Outdoor Corporation Announced 23/05/24 1/2/2024 Company expectations for fiscal 2025: – Net sales to increase by $4.07 billion – Gross margin to be 53.5% – SG&A expenses as a percentage of sales to be 34% – Operating margin to be 19.5% – Effective tax rate to be 22%–23% – Diluted earnings per share to be $29.50–$30.00 (the earnings per share guidance does not assume any impact from potential share repurchases) Target Corporation Announced 22/05/24 5/3/2024 Company expectations for the second qaurter of 2024: –Comparable sales to be increased by 0–2% – GAAP and Adjusted EPS to be $1.95–$2.35 Company expectations for full year of 2024: –Comparable sales to be increased by 0–2% – GAAP and Adjusted EPS to be $8.60–$9.60 The TJX Companies, Inc Revised 22/05/24 28/02/24 Company expectations for the fiscal year 2025: –Comparable store sales to be up 2–3% –Pretax profit margin to be 11.0–11.1% –Diluted earnings per share to be $4.03–$4.09 Company expectations for the second qaurter of 2025: –Comparable store sales to be up 2–3% –Pretax profit margin to be 10.4–10.5% –Diluted earnings per share to be $0.88–$0.90 Williams-Sonoma, Inc Revised 22/05/24 13/03/24 Company expectations for the Fiscal year 2024 : –Net revenue growth to be (3)–3% with an operating margin to be 17.6–18.0% – Annual interest income to be 40 million and Tax rate to be 25.5%. –Annual net revenue to be mid-to-high single-digit with operating margin to be mid-to-high teens. Lowe's Companies, Inc. Announced 21/05/24 27/02/24 Company expectations for fiscal 2024: - Total sales to be $84–$85 billion - Comparable sales to be (2)–(3)% - Operating margin to be 12.6–12.7% - Interest expense to be $1.4 billion - Adjusted effective income tax rate to be 25% - Adjusted diluted EPS to be $12.00–$12.30 - Capital expenditures to be $2 billion Macy's, Inc. Revised 21/05/24 27/02/24 Company expectations for fiscal 2024: –Net sales to be $22.3–$22.9 billion compared to $22.2–$22.9 billion previously –Comparable owned-plus-licensed sales change to be down 1–1.5% versus 2023 compared to down 1.5–1.5% versus 2023 previously –Adjusted diluted earnings per share to be $2.55–$2.90 compared to $2.45–$2.85 previously Zalando SE Announced 17/05/24 4/5/2023 Company expectations for fiscal 2024: - GMV to grow 0.0%–5.0% year over year - Revenue to grow 0.0%–5.0% year over year - Adjusted EBIT to be €380.0–€450.0 ($413.0–$489.0) million Under Armour, Inc. Announced 16/05/24 8/2/2024 Company expectations for fiscal 2025: - Revenue to be down by a low-double-digit percentage (including a 15.0%–17.0% expected decline in North America) - Gross margin to be up 75–100 bps year over year - Selling, general and administrative expenses to be down by 2.0%–4.0% year over year - Operating income to be $50.0–70.0 million - Diluted EPS to be $0.02–$0.05 - Adjusted diluted EPS to be $0.18–$0.21 - Capital expenditures to be $200.0–220.0 million The Home Depot, Inc. Announced 14/05/24 20/02/24 Company expectations for fiscal 2024: - Sales to grow by 1.0% year over year - Company to open 12 new stores - Comparable sales to decline by 1.0% year over year - Operating margin rate to be 14.1% - Gross margin rate to be 33.9% - Tax rate to be 24.5% - Interest expense to be $1.8 billion - Diluted EPS to grow by 1.0% year over year Tapestry, Inc. Announced 9/5/2024 17/08/23 Company expectations for fiscal 2024: - Revenue to be $6.6 billion - Revenue is expected to grow 1.0% year over year (on a constant-currency basis) - Net interest expenses to be approximately $12.0 million - Tax rate to be approximately 20% - Weighted average diluted share count of approximately 233 million shares - Diluted EPS to be $4.20–$4.25, representing 8–9% year-over-year growth Hanesbrands Inc. Announced 9/5/2024 15/02/24 Company expectations for fiscal 2024: - Net sales from continuing operations to be $5.4–5.5 billion - GAAP operating profit from continuing operations to be $430.0–450.0 million - Pretax charges for actions to be $70.0 million - Adjusted operating profit from continuing operations to be $500.0–520.0 million (including a projected headwind of $5.0 million from changes in foreign currency exchange rates) - Adjusted interest and other expenses to be $260.0 million and $36.0 million, respectively - Tax expenses to be $55.0 million - Adjusted EPS from continuing operations to be $0.42–$0.48 - Cash flow from operations to be approximately $400.0 million - Capital investments to be approximately $75 million, (including approximately $65 million in capital expenditures and approximately $10 million in “cloud computing arrangements”) - Free cash flow to be approximately $335 million - Outstanding fully diluted shares to be 354 million Company expectations for the second quarter of fiscal 2024: - Net sales from continuing operations to be $1.3–$1.4 billion - GAAP operating profit from continuing operations to be $96.0–$111.0 million - Pretax charges for actions related to the company’s “Full Potential” transformation plan and the “Global Champion” performance plan to be $19.0 million - Adjusted operating profit from continuing operations to be $115.0–$130.0 million - Interest expenses to be $67.0 million - Tax expenses to be $14.0 million - GAAP earning per share from continuing operations to be $0.02–$0.06 - Adjusted earnings per share from continuing operations to be $0.17–$0.11 - Fully diluted shares outstanding of approximately 353 million Crocs, Inc Announced 7/5/2024 15/02/24 Company expectations for the second quarter of fiscal 2024: – Revenue to grow 1.0%–3.0% year over year – Revenue for the Crocs brand to grow 7.0%–9.0% year over year – Adjusted operating margin to be 26.5% – Adjusted diluted EPS to be $3.40–$3.55 Company expectations for fiscal 2024: – Revenue to grow 3.0%–5.0% year over year – Revenue for the Crocs brand to grow 7.0%–9.0% year over year – Adjusted operating margin to be 25.0% – Adjusted diluted EPS to be $12.25–$12.73 Floor & Decor Holdings, Inc. Announced 2/5/2024 22/02/24 Company expectations for fiscal 2024: - Net sales to be $4.6–4.8 billion - Comparable store sales to decline by 2.0%–5.5% year over year - Diluted EPS to be $1.75–$2.05 - Adjusted EBITDA to be $520.0–560.0 million - Depreciation and amortization expenses to be $230.0 million - Net interest expenses to be $9.0–11.0 million - Tax rate to be 20.0% - Outstanding diluted weighted average shares to be approximately 109 million shares - The company plans to open 30–35 new warehouse-format stores - Capital expenditures to be $400.0–475.0 million CVS Health Corporation Revised 1/5/2024 7/2/2024 Company expectations for full year 2024: - GAAP diluted EPS to be $5.64– $7.06, down from previous guidance of $7.06–$7.26 - Adjusted EPS to be $7.00–$8.30, down from previous guidance of $8.30–$8.50 - Cash flow from operations to be $10.5–12.0 billion, down from previous guidance of $12.0–12.5 billion The Estée Lauder Companies Inc Announced 1/5/2024 5/2/2024 Company expectations for fiscal 2024: - Reported and organic net sales to decrease by 2.0%–3.0% year over year - Diluted net EPS to be $1.96–$2.09; excluding restructuring and other charges and adjustments, diluted net EPS to be $2.14–$2.24 - Adjusted diluted EPS to decrease by 33.0%–36.0% year over year on a constant-currency basis Company expectations for the fourth quarter fiscal 2024: - Reported net sales to increase by 5.0%–9.0% year over year - Organic net sales to increase by 6.0%–10.0% year over year - Diluted net EPS to be $0.11–$0.22; excluding restructuring and other charges and adjustments, diluted net EPS to be $0.18–$0.28 - Adjusted diluted EPS to increase by 100.0% on a constant-currency basis Sprouts Farmers Market, Inc Announced 1/5/2024 22/02/24 Company expectations for fiscal 2024: - Net sales to grow 7.0%–8.0% year over year - Comparable store sales to grow 2.5–3.5% year over year - Adjusted EBIT to be $415.0–425.0 million - Adjusted diluted EPS to be $3.05–$3.13 - Unit growth to be 35 new stores - Capital expenditures, “net of landlord reimbursements,” to be $225.0–245.0 million Company expectations for the second quarter of fiscal 2024: - Comparable store sales growth 3.0%–4.0% - Adjusted diluted EPS to be $0.75–$0.79 Herbalife Ltd Announced 1/5/2024 20/03/24 Company expectations for the second quarter of 2024: - Net sales to be flat or grow by up to 3.0% year over year - Capital expenditures to be $30.0–40.0 million - Adjusted EBITD to be $140.0–160.0 million Company expectations for 2024: - Net sales to be flat or grow by up to 5.0% year over year - Capital expenditures to be $120.0–150.0 million - Adjusted EBITD to be $550.0–590.0 million Amazon.com, Inc Announced 30/04/24 1/2/2024 Company expectations for the second quarter of fiscal 2024: - Net sales to be $144.0–149.0 billion, representing 7%–11% growth year over year (including the unfavorable impact of approximately 60 bps from foreign exchange rates) - Operating income to be $10.0–14.0 billion, compared to $7.7 billion in the second quarter of fiscal 2023 - According to Amazon, this guidance assumes, among other things, that the company will not conclude any additional business acquisitions, restructurings or legal settlements in the quarter The Clorox Company Revised 30/04/24 1/2/2024 Company expectations for fiscal 2024: - Net sales expected to be down by a low-single-digit percentage year over year - Gross margin to be 275 bps—compared to the company’s previous guidance of 200 bps—reflecting the combined benefit of pricing actions, cost savings and supply chain optimization, although these factors will be partially offset by supply chain inflation and the impact of a cyberattack - Selling and administrative expenses to be 16%–17% of net sales (including “2.5 points of impact related to investments to enhance the company's digital capabilities, implementation of the streamlined operating model and expenses resulting from the cyberattack”) - Effective tax rate to be 31.0%, up from the company’s previous guidance of 22.0%–23.0% - Diluted EPS to be $1.66–$1.81, down from the previous guidance of $3.06–$3.26 - Adjusted EPS to be $5.80–$5.95, up from the previous guidance of $5.30–$5.50 Carter's, Inc Announced 26/04/24 27/02/24 Company expectations for fiscal 2024: - Net sales to be $2.9–3.0 billion - Adjusted operating income to grow by mid-single-digit percentage - Adjusted diluted earnings to grow by low- to mid-single-digit percentage - Operating cash flow to be $250.0 million - Capital expenditures to be $80.0 million Company expectation for 2Q24: - Net sales to be $560.0–570.0 million - Adjusted operating income to be $25.0–30.0 million - Adjusted diluted earnings per share to be $0.35–$0.45 Colgate-Palmolive Company Revised 26/04/24 26/01/24 Company expectations for fiscal 2024: - Net sales growth to be 2.0%–5.0%, up from previous guidance of 1%–4%; this guidance includes a mid-single-digit percentage negative impact from foreign exchange rates - Organic sales growth to be 5.0%–7.0%, up from previous guidance of 3.0%–5.0% - On a GAAP basis, the company expects a gross profit margin expansion, increased advertising investments and double-digit percentage growth for its EPS - On a non-GAAP basis, the company expects a gross profit margin expansion, increased advertising investments and mid- to high-single-digit percentage growth for its EPS J Sainsbury plc (Sainsbury's) Announced 25/04/24 2/7/2024 Company expectations for fiscal 2025: - Retail underlying operating profit of between £1,010–1,060 million ($1,294– 1,358 million), which represents growth of 5%–10% versus last year Tractor Supply Company Announced 25/04/24 1/2/2024 Company expectations for fiscal 2024: - Net sales to be $14.7–15.1 billion - Comparable store sales growth to be (1.0)%–1.5% - Operating margin to be 9.7–10.1% - Net income to be $1.1–1.2 billion - Earnings per diluted share to be $9.85–$10.50 - Capital expenditures to be $625.0–700.0 million - Share repurchases to be $575.0–625.0 million - Plans to open 80 new Tractor Supply stores Columbia Sportswear Company Revised 25/04/24 1/2/2024 Company expectations for fiscal 2024: - Net sales to be $3.4–3.5 billion, or a 4.0%–6.0% decline - Net income to be $217.0–240.0 million, up from previous guidance of $207.0–231.0 million - Operating income to be $259.0–291.0 million, up from previous guidance of $256.0–288.0 million - Gross margin to be 50.4%–50.8% of net sales, down from previous guidance of 50.6%–51.1% - SG&A expenses to be 43.0%–43.4% of net sales, up from previous guidance of 43.2%–43.5% - Interest income to be $19.0 million, down from previous guidance of $28.0 million - Income tax rate to be 24%–25% - Diluted EPS to be $3.45–$3.85 - Capital expenditures to be $60.0–80.0 million Company expectations for 2Q24: - Net sales to be $557.0–576.0 million, or a 10.0%–7.0% decline - Operating loss to be $42.0–27.0 million - Operating margin to be (7.6)%–(4.7)% - Diluted EPS to be $(0.46)–$(0.26) Skechers U.S.A., Inc Announced 25/04/24 1/2/2024 Company expectations for fiscal 2024: - Sales to be around $8.8 billion - Diluted EPS to be $3.95–$4.10 Company expectations for 2Q24: - Sales to be around $2.2 billion - Diluted EPS to be $0.85–$0.90 Kimberly-Clark Corporation Revised 23/04/24 24/01/24 Company expectations for fiscal 2024: - Organic sales to grow by a mid-single-digit percentage - Net sales to be negatively impacted by 400 bps of currency translation and 120 bps from divestitures - Adjusted EPS to grow by a low-teens percentage on a constant-currency basis - Adjusted Operating Profit to grow by a low-teens percentage on a constant-currency basis ASOS plc Announced 45399 1/11/2023 Company expectations for fiscal 2024: - Net sales to decline by 5%–15% - Adjusted EBITDA to be positive - Stock to be £600.0 million ($728.0 million), the same as pre-Covid levels - Capital expenditure to be £130.0 million ($157.0 million) - Cash generation to be positive, the result of reducing net debt position Company expectations for fiscal 2025: - Revenue and return EBITDA margin growth to be same pre-Covid levels, around 6% Adidas AG Announced 45398 1/2/2024 Company expectations for fiscal 2024: - Revenue to increase by a mid- to high-single-digit percentage - Operating profit to be €700.0 million ($744.0 million) Gildan Activewear Inc Announced 45397 21/02/24 Company expectations for fiscal 2024: - Revenue to be flat to up by a low-single-digit percentage - Adjusted diluted EPS to be $2.92–$3.07 - Adjusted operating margin to be slightly above its annual target range of 18.0%–20.0% - Capex to be 5.0% of sales Company expectations for the first quarter of fiscal 2024: - Net sales to be $695.0 million (down 1.0% year over year) Levi Strauss & Co. Announced 45385 25/01/24 Company's expectations for fiscal 2024: - Net revenue to grow by 1%–3% year over year - Adjusted diluted EPS to be $1.17–$1.27 PVH Corp. Announced 45383 29/11/23 Company expectations for fiscal 2024: - Revenue to decrease by 6.0%–7.0% year over year on a constant-currency basis) - EPS to be $10.76 on a GAAP basis and $10.68 on a non-GAAP basis - Interest expense to be relatively flat year over year at $88.0 million - Effective tax rate to be approximately 21% Company expectations for the 1Q24: - Revenue to decrease by 11.0% year over year, and decrease by 10.0% year over year on a constant-currency basis - EPS to be $2.15 compared to $2.14 in 1Q23; this projection includes the estimated negative impact of approximately $0.05 per share due to currency exchange rates - Interest expense to decrease to $20.0 million, falling from $22.0 million last year - Effective tax rate to be approximately 21% Signet Jewelers Limited Announced 45371 31/08/23 Company expectations for the first quarter of fiscal 2025: - Total sales to be $1,470–1,530 million - Operating income to be $40–60 million - Adjusted EBITD to be $87–107 million Company expectations for fiscal 2025: - Total sales to be $6,660–7,020 million - Operating income to be $590–675 million - Diluted EPS to be $9.08–$10.48 - Adjusted EBITD to be $780–865 million Herbalife Ltd. Announced 45371 2/8/2023 Company expectations for the first quarter of fiscal 2024: - Net sales to grow 1%–3% - Capital expenditures to be $30–40 million - Adjusted EBITD to be $115–130 million Company expectations for fiscal 2024: - Net sales to grow 0%–5% - Capital expenditures to be $540–580 million - Adjusted EBITD to be $125–175 million Five Below, Inc Announced 45371 29/11/23 Company expectations for the first quarter of fiscal 2024: - Net sales to be $826–846 million - Approximately 55–60 new stores to open - Comparable sales to increase by 2% - Net income to be $32–38 million - Diluted income per common share to be $0.58–$0.69 - Diluted weighted average shares outstanding to be 55.6 million Company expectations for fiscal 2024: - Net sales to be $3,970–4,070 million - Over 235 new stores to open - Comparable sales to increase by 3% - Net income to be $318–346 million - Diluted income per common share to be $5.71–$6.22 - Diluted weighted average shares outstanding to be 55.6 million - Gross capital expenditures to be $365 million Guess?, Inc Announced 45371 21/11/23 Company expectations for fiscal 2025: - Consolidated net revenue to increase by 11.5%–13.5% - GAAP diluted EPS to be $2.08–$2.43 - GAAP operating margin to be 7.4%–8.4% - Adjusted operating margin to be 7.5%–8.5% - Adjusted diluted EPS to be $2.56–$3.00 Company expectations for the first quarter of fiscal 2025: - Consolidated net revenue to increase by 1%–2% - GAAP diluted EPS to be $(0.50)–$(0.46) - GAAP operating margin to be (3.5)%–(3.0)% - Adjusted operating margin to be (2.8)%–(2.3)% - Adjusted diluted EPS to be $(0.41)–$(0.37) Bath & Body Works, Inc. Announced 29/02/24 21/11/23 Company expectations for its fiscal 2024: - Net sales growth to fall between (3.0%) and flat growth, compared to $7.4 billion in net sales in fiscal 2023 - The 53rd week in fiscal 2023 represents an approximately 100-bp headwind to net sales growth in fiscal 2024 - Earnings per diluted share to be $3.00–$3.35, compared to $3.84 last year - The company’s full-year outlook includes the anticipated impact of approximately $300.0 million in cash deployed toward share repurchases Company expectation for the first quarter of its fiscal 2024: - Net sales to decline by 4.5%–2.0%, compared to $1.4 billion in 2023 - Earnings per diluted share to be $0.28–$0.33, compared to $0.35 last year - The company’s first-quarter outlook includes the anticipated impact of approximately $75.0 million in cash deployed toward share repurchases Best Buy Co., Inc. Announced 29/02/24 21/11/23 Company expectations for its full fiscal 2025: - Revenue from management projects to be $41.3–42.6 billion - Comparable sales growth to fall between (3.0) and flat growth - Adjusted operating margin to be 3.9%–4.1% - Adjusted earnings per share to be $5.75–$6.20 - Capital expenditures to be $750–800 million. Company expectations for the first quarter of its fiscal 2025: - A year-over-year comparable sales decline of 5.0% - Adjusted operating income rate to be 3.4% The TJX Companies, Inc. Announced 28/02/24 28/11/23 Company expectations for its fiscal 2025: - Comparable sales to increase 2%–3% - Pretax profit margin to be 10.9%–11.0% - EPS to be $3.90–$4.02 Company expectations for the first quarter of its fiscal 2025: - Overall comparable store sales to increase by 2%–3% - Quarterly pretax profit margin to be 10.5%–10.6%. - EPS to be $0.84–$0.86 Carter's, Inc. Announced 27/02/24 16/11/23 Company expectations for its full fiscal 2024: - Low-single-digit net sales growth, with net sales growing to $3.0 billion - Mid-single-digit growth in its adjusted operating income - Mid-single-digit growth in its adjusted diluted EPS - A 7% increase in quarterly dividend (up to $0.80 per share) - Operating cash flow to be in excess of $250 million - Capital expenditures to be $80 million Company expectations for the first quarter of its fiscal 2024: - Net sales to be $620–645 million versus $696 million in the first quarter of fiscal 2023 - Adjusted operating income to be $35–40 million versus $58 million last year - Adjusted diluted earnings per share to be $0.60–$0.70 versus $0.98 last year Lowe's Companies, Inc. Announced 27/02/24 21/11/23 Company expectations for its full fiscal 2024: - Total sales to be $84–85 billion - Comparable sales to be down 2.0%–3.0% compared to the prior year - Operating income as a percentage of sales (operating margin) to be 12.6%–12.7% - Interest expense to be $1.4 billion - Effective income tax rate to be 25.0% - Diluted earnings per share to be $12.00–$12.30 - Capital expenditures to be $2.0 billion Macy's, Inc. Announced 27/02/24 16/11/23 Company expectations for its full fiscal 2024: - Net sales to be $22.2–22.9 billion - Comparable owned plus licensed plus marketplace sales growth to fall between (1.5)% and 1.5% year over year - Adjusted diluted earnings per share to be $2.45–$2.85 Floor & Decor Holdings, Inc Announced 22/02/24 3/8/2023 Company expectations for fiscal 2024: - Net sales to be $4,600–$4,770 million - Comparable store sales to grow (5.5)%–(2.0)% - Diluted EPS to be $1.75–$2.05 - Adjusted EBITDA to be $520–$560 million - Depreciation and amortization expense to be $230 million - Interest expense, net to be $12–$14 million - Tax rate to be approximately 21%–22% - Diluted weighted average shares outstanding to be approximately 109 million shares - 30–35 new warehouse-format stores to open - Capital expenditures to be $400–475 million Sprouts Farmers Market, Inc Announced 22/02/24 31/10/23 Company expectations for fiscal 2023: - Net sales to grow 5.5%–7.5% - Comparable store sales growth by 1.5%–3.5% - Adjusted EBIT to be $397–412 million - Adjusted diluted EPS to be $2.85–$2.95 - Unit growth to be 35 new stores - Capital expenditures (net of landlord reimbursements) to be $225–245 million Company expectations for fourth quarter of fiscal 2023: - Comparable store sales growth to be 2.5%–3.5% - Adjusted diluted EPS to be $0.98–$1.02 Gildan Activewear Inc Announced 21/02/24 2/11/2023 Company expectations for fiscal 2024: - Revenue growth for the full year to be flat to up low-single digits - Adjusted diluted EPS to be $2.92–$3.07 - Adjusted operating margin to be 18%–20% of annual target - Capex to be 5% of sales The Home Depot, Inc. Announced 20/02/24 14/11/23 Company expectations for fiscal 2024: - Sales to grow 1% - Comparable sales to decline by 1% - Operating margin rate to be 14.1% - Gross margin rate to be 33.9% - Tax rate to be 24.5% - Interest expense to be $1.8 billion - Diluted earnings per share to grow 1% Walmart Inc. Announced 20/02/24 4/4/2023 Company expectations for the first quarter of fiscal 2025: - Consolidated net sales to increase by 4.0%–5.0% - Consolidated operating income to be 3.0%–4.5% - Adjusted earnings per share to be $1.48–$1.56 Company expectations for fiscal 2025: - Consolidated net sales to increase by 3.0%–4.0% - Consolidated operating income to increase by 4.0%–6.0% - Net interest expense to be $100–200 million - Effective tax rate to be 25.0%–26.0% - Adjusted earnings per share to be $6.70–$7.12 - Capital expenditures to be 3%–3.5% of net sales Crocs, Inc. Announced 15/02/24 8/1/2024 Company expectations for the first quarter of 2024: Revenue will be down 1.5–0.5% compared to the first quarter of 2023. – Revenue for the Crocs brand is expected to grow 6–8% compared to first quarter of 2023 – Adjusted diluted EPS to be $2.15–$2.25 Company expectations for fiscal 2024: – Revenue to grow 3–5% – Revenue for the Crocs brand to grow 4–6% – Revenue from the HEYDUDE brand to be flat to slightly up – Adjusted operating margin to be 25% Hanesbrands Inc. Announced 15/02/24 10/8/2023 Company expectations for fiscal 2024: - Net sales from continuing operations to be $5,350–5,470 million - GAAP operating profit from continuing operations to be $430–450 million - Pretax charges for actions to be $70 million - Adjusted operating profit from continuing operations to be $500–520 million (includes a projected headwind of $5 million from changes in foreign currency exchange rates) - Adjusted interest and other expenses to be $260 and $36 million respectively - Tax expense to be $55 million - Adjusted EPS from continuing operations to be $0.42–$0.48 - Cash flow from operations to be approximately $400 million - Capital investments to be approximately $75 million, consisting of approximately $65 million of capital expenditures and approximately $10 million of cloud computing arrangements - Free cash flow to be approximately $335 million - Fully diluted shares outstanding to be 354 million Company expectations for the first quarter of fiscal 2024: - Net sales from continuing operations to be $1,130–1,190 million - GAAP operating profit from continuing operations to be $45–65 million - Pretax charges for actions related to the Full Potential transformation plan and the global Champion performance plan to be $15 million - Adjusted operating profit from continuing operations to be $60–80 million - Interest and other expenses to be $70 million - Tax expense to be $15 million - GAAP earnings per share from continuing operations to be $(0.14)–$(0.08) - Adjusted earnings per share from continuing operations to be $(0.10)–$(0.04) - Fully diluted shares outstanding to be approximately 353 million Ralph Lauren Corporation Announced 8/2/2024 10/8/2023 Company expectations for the fourth quarter of fiscal 2024: - Revenue to be centered around 2% on a constant-currency basis - Operating margin to be 350–400 bps on a constant-currency basis - Tax rate to be 22%–23% Ralph Lauren Corporation Revised 8/2/2024 10/8/2023 Company expectations for fiscal 2024: - Revenue to increase by a low-single-digit percentage compared to last year on a constant-currency basis - Operating margin to increase by 30–50 bps on a constant-currency basis - Gross margin to increase by 140–180 bps on a constant-currency basis - Tax rate to be 19%–20% - Capital expenditures to be $200–225 million Unilever PLC Announced 8/2/2024 26/10/23 Company expectations for 2024: - Sales growth to be 3%–5% - Operating margin to see a modest improvement Under Armour, Inc. Revised 8/2/2024 8/11/2023 Company expectations for fiscal 2024: - Revenue to be down by 3%–4% compared to its prior guidance of 2%–4% - Gross margin to be up 120–130 bps compared to its prior guidance of 100–125 bps - Operating income to be $287–297 million compared to its prior guidance of $310–330 million - Diluted EPS to be $0.57–$0.59 - Capital expenditures to be $210–230 million compared to prior guidance of $230–250 million Coty Inc Announced 7/2/2024 7/11/2023 Company expectations for the second half of fiscal 2024: - Revenue growth to be 6%–8% Company expectations for fiscal 2024: - Revenue growth to be 9%–11% CVS Health Corporation Revised 7/2/2024 8/1/2024 Company expectations for fiscal 2024: - GAAP diluted EPS to be $7.06, down from its previous guidance of $7.26 - Adjusted EPS to be $8.30, down from its previous guidance of $8.50 - Cash flow from operations to be $12.5 billion, flat from its previous guidance The Estée Lauder Companies Inc Announced 5/2/2024 1/11/2023 Company expectations for the third quarter of fiscal 2024: - Reported net sales to increase by 3%–5% year over year - Organic net sales to increase by 4%–6% year over year - Diluted net EPS to be $0.35–$0.46 - Excluding restructuring and other charges and adjustments, diluted net EPS to be $0.36–$0.46 - Adjusted diluted EPS to grow by (18)%–3% on a constant-currency basis Company expectations for fiscal 2024: - Reported and organic net sales to grow by (1)%–1% year over year - Diluted net EPS to be $2.04–$2.20 - Excluding restructuring and other charges and adjustments, diluted net EPS to be $2.08–$2.23 - Adjusted diluted EPS to decrease by 38%–34% on a constant-currency basis Skechers U.S.A., Inc. Announced 1/2/2024 27/04/23 Company expectations for the first quarter for fiscal 2024: - Sales to be $2,175.0–2,250.0 million - Diluted EPS to be $1.05–$1.10 Company expectations for fiscal 2024: - Sales to be $8.60–8.80 billion - Diluted EPS to be $3.65–$3.85 - Capital expenditures to be $350–400 million The Clorox Company Announced 1/2/2024 26/10/2023 Company expectations for fiscal 2024: - Net sales are now expected to be down low single digits - Gross margin to be 200 basis points, reflecting the combined benefit of pricing actions, cost savings and supply chain optimization, partially offset by supply chain inflation and the impact from the cyberattack - Selling and administrative expenses to be 16%–17% of net sales (including about 2.5 points of impact related to investments to enhance the company's digital capabilities) - Effective tax rate to be 22%–23% - Diluted EPS to be $3.06–$3.26, an increase of 155%–172% - Adjusted EPS to be $5.30–$5.50, an increase of 4%–8% Columbia Sportswear Company Announced 1/2/2024 26/10/23 Company expectations for fiscal 2024: - Net sales to be $3.35–3.42 billion, representing a decrease of 4%–6% - Net income to be $207– 231 million - Operating income to be $256–288 million - Gross margin to be 50.6%–51.1% of net sales - SG&A expense to be 43.2%–43.5% of net sales - Interest income to be $19 million - Income tax rate to be 24%–25% - Gross margin to be 50.6%–51.1% - Diluted EPS to be $3.45–$3.85 - Capital expenditures to be $60–80 million Company expectations for the first quarter of 2024: - Net sales to be $730–753 million, representing a decline of 11%–8% - Operating income to be $16–28 million, with an operating margin of 2.2%–3.8% - Diluted EPS to be $0.30–$0.45 Company expectations for the first half of 2024: - Net sales to be $1,310–$1,352 million, representing a decline of 9%–6% - Operating income to be in the range of ($12)–$8 million - Diluted EPS to be $0.01–$0.26 Amazon.com, Inc. Announced 1/2/2024 26/10/23 Company expectations for the first quarter of fiscal 2024: - Net sales to be $138.0–$143.5 billion, or up 8%–13% (This guidance anticipates a favorable impact of approximately 40 basis points from foreign exchange rates) - Operating income to be $8–$12 billion, compared to $4.8 billion in 1Q23 Tractor Supply Company Announced 1/2/2024 26/10/23 Company expectations for fiscal 2024: - Net sales to be $14.7–$15.1 billion - Comparable store sales to grow (1.0)%–1.5% - Operating margin to be 9.7%–10.1% - Net income to be $1.1–$1.1 billion - Earnings per diluted share to be $9.9–$10.5 - Capital expenditure to be $625–$700 million - Share repurchases to be $575–$625 million Colgate-Palmolive Company Announced 26/01/24 11/1/2024 Company expectations for full fiscal 2024: - Net sales growth to be 1%–4%, including a low-single-digit negative impact from foreign exchange - Organic sales growth to be 3–5% - On a GAAP basis, the company expects a gross profit margin expansion, increased advertising investment and double-digit EPS growth. - On a non-GAAP (base business) basis, the company expects a gross profit margin expansion, increased advertising investment and mid- to high-single-digit EPS growth. Levi Strauss & Co Announced 25/01/24 6/10/2023 Company expectations for full fiscal 2024: - Reported net revenue growth to be 1%–3% year-over-year, including an expected 2-point negative impact primarily due to the strategic decision to exit the Denizen business; planned lower off-price sales; and FX partially offset by the fiscal year's 53rd week. - Adjusted diluted EPS to be $1.15–1.25, including an adverse impact of $0.05 from the net revenue items noted above and $0.12 from a higher, normalized tax rate versus the prior year. Kimberly-Clark Corporation Announced 24/01/24 24/10/23 Company expectations for full fiscal 2024: - Organic sales to see a low- to mid-single-digit percentage increase versus the prior year - Reported net sales growth to reflect two negative impacts: the first of approximately 300 bps due to currency translation and the second of approximately 60 bps due to the Brazil Tissue divestiture - Adjusted operating profit growth to be in the high-single-digit to low-double-digit range on a constant-currency basis versus the prior year - Adjusted EPS is expected to grow at a high-single-digit rate on a constant-currency basis versus the prior year - Reported operating profit growth and EPS to see an approximatley-400-bps negative impact from currency translation The Procter & Gamble Company Announced 23/01/24 9/1/2024 Company expectations for full fiscal 2024: - All-in sales growth to be 2%–4% year over year - Foreign exchange rates to be a headwind of 1%–2% to all-in sales growth - Organic sales growth to be 4%–5% - Diluted net earnings per share growth to be 6%–9% to a range of -1% to in-line versus fiscal 2023 EPS of $5.90.This change is due to the impairment of the Gillette intangible asset value discussed above and the two-year restructuring program announced by the Company last month - Core net earnings per share growth to be 6–9% to a range of 8–9% versus fiscal 2023 EPS. This outlook equates to a range of $6.37–6.43 per share - Unfavorable foreign exchange rates will be a headwind of $1 billion after tax - Net impact of interest expense and interest income to be a headwind of $100 million after tax.Tailwinds to be $800 million after tax due to favorable commodity costs for fiscal year 2024 - Core effective tax rate to be 21% in fiscal 2024 - Capital spending to be 4% of fiscal 2024 net sales. - Adjusted free cash flow productivity to be 90% and expects to pay more than $9 billion in dividends and to repurchase $5–6 billion of common shares in its fiscal 2024 Lululemon Athletica Inc Revised 8/1/2024 7/12/2023 Company expectations for the fourth quarter of fiscal 2023: - Net revenue to be $3.1–3.2 billion, representing 14%–15% growth year over year - Diluted EPS to be $4.96–$5.00 compared to the company’s prior guidance of $4.85–$4.93 - Gross margin to be 58.6%–58.7%, up from 58.3%–58.6% previously Crocs, Inc. Revised 8/1/2024 2/11/2023 Company expectations for the fourth quarter of 2023: – Revenue to grow 1%, compared to prior guidance of 1%–4% decline – Revenue for the Crocs brand to grow 10% – Revenue for the HEYDUDE brand to decline by 19% Company expectations for fiscal 2023: – Revenue to grow 11%, compared to prior guidance of 10%–11% growth – Revenue for the Crocs brand to grow 13%, compared to prior guidance of 12%–13% previously – Revenue for the HEYDUDE to be $949.0 million – Adjusted operating margin to be more than 27% Company expectations for fiscal 2024: – Revenue growth to be 3%–5% year over year and comprised of 4%–6% growth for the Crocs brand and flat to slight growth for the HEYDUDE Brand CVS Health Corporation Revised 8/1/2024 5/12/2023 Company expectations for fiscal 2023: - GAAP diluted EPS to be $6.53–$6.75, down from $6.90–$7.12 - Adjusted EPS to be $8.50–$8.70 - Cash flow from operations to be $12.5–13.5 billion NEXT plc Revised 4/1/2024 1/11/2023 Company expectations for fiscal 2024: - Full-price sales to increase by £4.8 billion ($6.1 billion), up from previous guidance of £4.7 billion ($6.0 billion) - NEXT profit before tax to be £905.0 million ($1.2 billion), up from £885.0 million ($1.1 billion) previously - Revised pre-tax EPS to be 746.3 pence, compared to prior guidance of 730.2 pence - Post-tax EPS to be 569.9 pence, compared to 557.7 pence previously NEXT plc Announced 4/1/2024 1/11/2023 Company expectations for fiscal 2025: - NEXT profit before tax to be £960.0 million ($1.2 billion) - Earnings per share to be 603.3 pence - Net debt (excluding lease liabilities) to be £625.0 million ($793.0 million) Dollar General Corporation Revised 7/12/2023 12/10/2023 Company expectations for fiscal 2023: - Net sales growth to be 1.5%–2.5% (including an anticipated negative impact of approximately 2.0 PPTs due to lapping its fiscal 2022's 53rd week) - Same-store sales to be between flat growth and a 1.0% decline - Diluted EPS to be $7.10–$7.60 (a 34.0%–29.0% decline) - Capital expenditures to be $1.6–1.7 billion - To open 3,110 real estate projects in the US (990 new store openings, 2,000 remodels and 120 store relocations) Lululemon Athletica Inc. Announced 7/12/2023 31/08/23 Company expectations for the fourth quarter of fiscal 2023: - Net revenue to be $3.1–3.2 billion, representing 13.0%-14.0% growth - Diluted EPS to be $4.85–$4.93 - Tax rate to be 30.0% Company expectation for fiscal 2023: - Net revenue to be $9.5–9.6 billion, representing 18.0% growth - Diluted EPS to be $11.77–$11.85 - Adjusted diluted EPS to be $12.34–$12.42 - Tax rate to be 29.5% RH Revised 7/12/2023 7/9/2023 Company expectations for fiscal 2023: - Net revenue growth to be approximately $3.1 million compared to $3.0–3.1 million previously - Adjusted operating margin to be 13.6%–14.0%, down from 14.5%–15.5% million previously CVS Health Corporation Announced 5/12/2023 1/11/2023 Company expectations for fiscal 2023: - Total revenue to be $351.5–357.3 billion - Operating income to be $13.6–14.0 billion - Adjusted operating income to be $17.2–17.6 billion - GAAP diluted EPS to be $6.37–$6.61 - Adjusted EPS to remain constant at $8.50–$8.70 - Cash flow from operations to remain constant at $12.5–13.5 billion CVS Health Corporation Announced 5/12/2023 1/11/2023 Company expectations for fiscal 2024: - Total revenue to be $366.0 billion - Operating income to be $15.0 billion - Adjusted operating income to be $17.2 billion - GAAP diluted EPS to be $7.26 - Adjusted EPS to be $8.50 - Cash flow from operations to be $12.5 billion Academy Sports and Outdoors, Inc Revised 30/11/23 31/08/23 Company expectations for fiscal 2023: - Net sales to be $6.1–6.2 billion, down from $6.2–6.4 billion previously - Comparable sales to decline by 7.5%–6.5% compared to its previous guidance of a 7.5%–4.5% decline - Gross margin rate to be 34.0%–34.2%, down from 34.0%–34.4% previously - Diluted EPS to be $6.70–$6.85 compared to its previous guidance of $6.65–$7.35 - Income before income taxes to be $670.0–680.0 million, down from its previous guidance of $675.0–750.0 million - Adjusted diluted EPS to be $7.05–$7.20 compared to its previous guidance of $6.95–$7.65 - Net income to be $520.0–530.0 million, down from $520.0–575.0 million previously - Capital expenditures to be $175.0–225.0 million, down from its previous guidance of $200.0–250.0 million Ulta Beauty, Inc. Revised 30/11/23 24/08/23 Company expectations for fiscal 2023: - Net sales to be $11.1–11.2 billion, in line with its previous guidance - Diluted EPS to be $25.20–$25.60, up from $25.10–$25.60 billion previously - Comparable sales growth to be 5.0%–5.5% compared to its previous guidance of 4.5%–5.5% - Share repurchases to be $950.0 million compared to its previous guidance of $900.0 million - Capital expenditures to be $400.0–425.0 million compared to its previous guidance of $400.0–475.0 million - Depreciation and amortization expenses to be $240.0–245.0 million, down from $245.0–250.0 million previously Dollar Tree, Inc. Announced 29/11/23 24/08/23 Company expectations for fiscal 2023: - Consolidated net sales to be $30.5–30.7 billion - Comparable store sales to be in the mid-single-digit range (comprised of a mid-single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment) - Selling square footage to be 3.0%–3.5% - Diluted EPS to be $5.81–$6.01 (including a $0.12 charge for the legal reserve taken in the first quarter) Company expectations for the fourth quarter of fiscal 2023: - Consolidated net sales to be $8.6–8.8 billion, based on a low-single-digit increase in same-store sales - Diluted EPS for the quarter to be $2.58–$2.78 Foot Locker, Inc. Revised 29/11/23 23/08/23 Company expectations for fiscal 2023: - Sales to decline by 8.0%–8.5%, revised from an 8.0–9.0% decline - Comparable sales are expected to be down 8.5%–9.0% compared to its previous guidance of down 9.0%–10.0% - Licensing revenue to be $14.0 million compared to its previous guidance of $17.0 million - Gross margin to be 27.8%–27.9% compared to its previous guidance of 27.8%–28.0% - SG&A rate to be 22.7%–22.9% compared to its previous guidance of 22.8%–22.9% - Interest to be $11.0 million compared to its previous guidance of $12 million - Non-GAAP tax rate to be 36.0%, up from its previous guidance of 33.0% - Non-GAAP EPS to be $1.30–$1.40, down from its previous guidance of $1.30–$1.50 - Adjusted capital expenditures to be $275.0 million compared to its previous guidance of $290.0 million Foot Locker, Inc. Announced 29/11/23 23/08/23 Company expectations for the fourth quarter of fiscal 2023: - Sales to be down 2.0%–4.0% - Comparable sales to be down 7.0%–9.0% - Licensing revenue to be $5.0 million - Gross margin to be 27.0%–27.2% - SG&A rate to be 22.7%–23.0% - Interest to be $4.0 million - Non-GAAP tax rate to be 33.0%–34.0% - Non-GAAP EPS to be $0.26–$0.36 Five Below, Inc Announced 29/11/23 30/08/23 Company expectations for fiscal 2023: - Net sales to be $3.5–3.6 billion - Comparable sales to increase by 2.5% - Net income to be $300.0–$310.0 million - Diluted income per common share to be $5.40–$5.56 - Diluted weighted average shares outstanding to be 55.6 million - Gross capital expenditures to be $335.0 million Company expectations for the fourth quarter of fiscal 2023: - Net sales to be $1.3–1.4 billion - Comparable sales to increase by 2.0%–3.0% - Net income to be $201.0–211.0 million - Diluted income per common share to be $3.64–$3.80 - Diluted weighted average shares outstanding to be 55.4 million PVH Corp. Announced 29/11/23 29/08/23 Company expectations for fiscal 2023: - Revenue to increase 1.0% year over year (on a constant currency basis) - EPS to be approximately $9.75 on a GAAP basis and $10.45 on a non-GAAP basis - Interest expense to increase $93.0 million (primarily due to higher interest rates) compared to $83.0 million last year - Effective tax rate to be approximately 22% Company expectations for the fourth quarter of fiscal 2023: - Revenue to decrease by 3.0%–4.0% year over year (on a constant currency basis) - EPS to be approximately $3.48 on a GAAP basis and $3.45 on a non-GAAP basis (this projection includes the estimated positive impact of approximately $0.03 per share related to foreign currency rates) - Interest expenses to increase $25.0 million compared to $22.0 million last year - Effective tax rate to be approximately 22% Guess?, Inc Announced 21/11/23 23/08/23 Company expectations for fiscal 2024: - Consolidated net revenue to be up 1.8%–2.4%, versus previous guidance of 2.5%–4.0% - GAAP diluted EPS to be $2.49–$2.55, versus previous guidance of $2.22–$2.37 - GAAP operating margin to be 8.7%–8.9%, versus previous guidance of 7.5%–8.3% - Adjusted operating margin to be 8.9%–9.1%, versus previous guidance of 7.5%–8.3% - Adjusted diluted EPS to be $2.67–$2.74, versus previous guidance of $0.55–$0.64 Company expectations for the fourth quarter of fiscal 2024: - Consolidated net revenue to increase 4%–6% - GAAP diluted EPS to be $1.22–$1.28 - GAAP operating margin to be 14.1%–14.4% - Adjusted operating margin to be 14.1%–14.4% - Adjusted diluted EPS to be $1.53–$1.60 Nordstrom, Inc Revised 21/11/23 24/08/23 Company expectations for fiscal 2023: - Revenue to be down 4.0%–6.0% (including retail sales and credit card revenues) - EBIT margin to be 1.8%–2.1% of sales (including the negative impact of charges related to the wind-down of Canadian operations), versus previous guidance of 1.5%–2.0% - Adjusted EBIT margin to be 3.8%–4.1% of sales (excluding charges related to wind-down of Canadian operations), versus previous guidance of 3.7%–4.2% of sales previously - Income tax rate to be approximately 21% (including an approximately 800-basis-point favorable impact primarily from the one-time Canada charges), versus previous guidance of 6% - EPS of $0.74–$0.94 (including the negative impact of charges related to wind-down of Canadian operations), excluding the impact of share repurchase activity, versus previous guidance of $0.60–$1.00 - Adjusted EPS (excluding charges related to the wind-down of Canadian operations) to be $1.90–$2.10 (excluding the impact of share repurchase activity), versus previous guidance of $1.80–$2.20 American Eagle Outfitters, Inc Revised 21/11/23 6/9/2023 Company expectations for fiscal 2023: - Operating income to be $340–350 million compared to $325–$350 million last year - Revenue to be up mid-single-digits with comps up low- to mid-single-digits American Eagle Outfitters, Inc Announced 21/11/23 6/9/2023 Company expectations for the fourth quarter of fiscal 2023: - Operating income to be $105–115 million - Revenue to be up high-single-digits (including a 4-point tailwind from the 53rd week) - Comparable sales to be up mid-single-digits - Selling, General and Administrative Expenses to be 20% Lowe's Companies, Inc Revised 21/11/23 22/08/23 Company expectations for fiscal 2023: - Total sales to be $86 billion, versus previous guidance of $87–89 billion - Comparable sales to be down 5%, versus previous guidance of (2)%–(4)% - Adjusted operating margin to be 13.3%, versus previous guidance of 13.4%–13.6% - Interest expense to be $1.4 billion versus previous guidance of $1.5 billion - Adjusted effective income tax rate to be 25% - Adjusted diluted EPS to be $13.00 versus previous guidance of $13.20–$13.60 - Capital expenditures to be $2 billion Kohl's Corporation (NYSE:KSS) Revised 21/11/23 24/05/23 Company expectations for fiscal 2023: - Net sales to be down 2.8%–4.0% (including the positive impact of the 53rd week, which is worth approximately 1.0% year over year) versus previous guidance of (2.0)%–(4.0)% - Operating margin to be 4.0%, the same as previous guidance - Diluted earnings per share to be $2.30–$2.70, versus previous guidance of $2.10–$2.70 - Capital expenditures to be $600–650 million DICK'S Sporting Goods, Inc Announced 21/11/23 23/05/23 Company expectations for fiscal 2023: - Diluted EPS to be $11.45–$12.05 (including $0.20 per diluted share for the 53rd week) - Diluted EPS on non-GAAP basis to be $12.00–$12.60 (excluding approximately $62.5 million of business optimization charges) - Diluted EPS based on effective tax rate of approximately 21% - Comparable store sales to be up 0.5%–2.0% on a 52-week basis - Capital expenditures to be $670–$720 million on a gross basis - Capital expenditures to be $550–$600 million on a net basis Best Buy Co Revised 21/11/23 29/08/23 Company expectations for fiscal 2024: - Revenue to be $43.1–43.7 billion, down from previous guidance of $43.8–$44.5 - Comparable sales to be down 6.0%–7.0%, down from previous guidance of 4.5%–6.0% previously - Non-GAAP operating income rate to be 4.0%–4.1%, compared to previous guidance of 3.9%–4.1% - Non-GAAP diluted EPS to be $6.00–$6.30 from $6.00–$6.40 previously - Capital expenditures to be $825 million, down from previous guidance of $850 million - Adjusted Effective Tax Rate to be approximately 24%, down from previous guidance of 24.5% million Best Buy Co Announced 21/11/23 29/08/23 Company expectations for the fourth quarter of fiscal 2024: - Comparable sales to decline by 3%–7% - Non-GAAP operating income rate to be 4.7%–5%, compared to 4.8% in fiscal 2023 Burlington Stores, Inc Announced 21/11/23 24/08/23 Company expectations for fiscal 2023: - Total sales to increase by 11% (including 2% from the 53rd week) compared to 7% decrease in fiscal 2022 - Comparable store sales to increase by 3% versus last year's decrease of 13% - Capital expenditures, net of landlord allowances, to be $560 million - To open 80 net new stores - Adjusted EBIT margin to increase by 70–80 basis points versus last year - Net interest expense to be approximately $60 million - Adjusted Effective Tax Rate to be approximately 26% - Adjusted EPS to be $5.52–$5.67 Company expectations for the fourth quarter of fiscal 2023: - Total sales to increase by 5%–7% - Comparable store sales to decrease by 2%–0% - Adjusted EBIT margin to decrease by 10–20 basis points versus the fourth quarter of 2022 - Adjusted Effective Tax Rate to be approximately 27% - Adjusted EPS to be $3.04–$3.19, compared to $2.83 in diluted EPS and $2.96 in Adjusted EPS last year BJ’s Wholesale Club Holdings Announced 17/11/23 22/05/23 Company expectations for the fourth quarter: - Comparable club sales, excluding the impact of gasoline sales, to grow (2)%–1% year over year Company expectations for the fiscal year 2023: - Comparable club sales, excluding the impact of gasoline sales, to increase by 1.0%–1.8% year-over-year - GAAP and adjusted EPS to be $3.80–$3.92 Gap Inc Announced 16/11/23 7/11/2023 Company expectations for the fourth quarter: - Net sales to be slightly negative compared to last year's net sales of $4.2 billion, as positive signs at Old Navy and Gap balance the continued work underway at Athleta and Banana Republic. Net sales to include approximately $90 million in sales for Gap China. - Adjusted operating expenses to be $1.4 billion Company expectations for the fiscal year 2023: - Net sales to be down mid-single digit compared to last year's net sales of $15.6 billion. As a reminder, fiscal 2022 net sales included approximately $300 million in sales for Gap China. - Adjusted operating expenses to be $5.15 billion - The company will close a net total of 50 Gap and Banana Republic stores this year, completing its plan to close 350 Gap and Banana Republic stores in North America by the end of fiscal 2023. - Open a net total of 15 to 20 Old Navy and Athleta stores Gap Inc Revised 16/11/23 7/11/2023 Company expectations for the fiscal year 2023: - Capital expenditures to be $475 million, compared to the previous guidance of $500–$525 million, due in part to fewer store openings Ross stores Announced 16/11/23 17/08/23 Company expectations for the fourth quarter: - Same store sales to be up 1%–2% - Earnings per share to be $1.56–$1.62 (compared to $1.31 in the prior year) including an $0.02 per share unfavorable impact from the timing of expenses that benefited the third quarter Company expectations for the fiscal year 2023: - Earnings per share to be $5.30–$5.36 versus $4.38 last year Williams-Sonoma Revised 16/11/23 14/09/23 Company expectations for the fiscal year: - Net revenue growth to be (10)%–(12)% with an operating margin of 16.0%–16.5% - Lower sales outlook to be offset by expected increased operating margin, producing higher implied EPS guidance - Annual net revenue to be up mid-to-high single-digit with an operating margin of 15% Bath & Body Works Announced 16/11/23 23/08/23 Company expectations for the fiscal year 2023: - Net sales to decline 2.5%–4% compared to $7.6 billion in 2022 - Earnings per diluted share to be $2.99–$3.19, compared to $3.40 in 2022 - Adjusted earnings per diluted share to be $2.90–$3.10 - Adjusted earnings per diluted share forecast excludes the gain on the early extinguishment of debt associated with the open market repurchase and retirement of $373 million principal amount of the company’s senior notes through the end of the third quarter - Net sales to be $85 million and 5 cents of earnings per diluted share. Company expectations for the fourth quarter of 2023: - Net sales to decline 1%–5% versus $2.9 billion in the fourth quarter of 2022 - Earnings per diluted share to be $1.70–$1.90, compared to $1.86 in the fourth quarter of 2022 - The company’s fourth quarter and full-year outlook exclude the impact of any future debt or share repurchase activity Macy's, Inc Revised 16/11/23 27/10/23 Company expectations for fiscal 2023: - Net sales to be $22.9–$23.2 billion compared to previous guidance of $22.8–$23.2 billion - Comparable owned-plus-licensed sales change to be down 7%–6% versus 2022, compared to previous guidance of down 7.5%–6% versus 2022 - Adjusted diluted earnings per share to be $2.88–$3.13 compared to previous guidance of $2.70–$3.20 Burberry Group plc Announced 16/11/23 14/07/23 Company expectations for fiscal 2024: - The company is confident in its strategy and remains committed to achieving its medium- and long-term targets. The slowdown in luxury demand globally is having an impact on current trading. - If the weaker demand continues, the company is unlikely to achieve its previously stated revenue guidance for FY24. In this context, adjusted operating profit to be £552m–£668m ($681–$824m) - High-single-digit revenue CAGR from FY20 base equating to low double-digit growth in FY24 YoY The TJX Companies, Inc Announced 15/11/23 19/09/23 Company expectations for the fiscal year 2024: - Pre-tax profit margin to be 10.8% - Diluted earnings per share to be $3.71–$3.74 - Pre-tax profit margin benefit to be 0.4 percentage points - Adjusted pre-tax profit margin to be 10.7% - Adjusted diluted earnings per share to be $3.61–$3.64 Company expectations for the fourth qaurter of 2024: - Overall comparable store sales to be up 3%–4% - Pre-tax profit margin to be 10.4%–10.6% - Diluted earnings per share to be $1.07–$1.10 - Adjusted pre-tax profit margin to be 10.0%–10.2% - Adjusted diluted earnings per share to be $0.97–$1.00 - These include a negative 0.4-percentage-point impact to adjusted pre-tax profit margin and a negative $0.03 impact to diluted earnings per share from the expected reversal of the third-quarter Fiscal 2024 benefit from the timing of expenses The TJX Companies, Inc Revised 15/11/23 19/09/23 Company expectations for fiscal 2024: - Diluted earnings per share benefit to be $0.10 due to the extra week in the Company’s fourth quarter Fiscal 2024 calendar - Comparable store sales to be up 4%–5% Target Corporation Announced 15/11/23 20/09/23 Company expectations for the fourth quarter of 2024: - Comparable sales to decline by mid-single-digits - GAAP and Adjusted EPS to be $1.90–$2.60 The Home Depot Revised 14/11/23 13/09/23 Company expectations for fiscal 2024: - Sales and comparable sales to decline by 3%–4% compared to fiscal 2022 - Operating margin rate to be 14.2%–14.1% - Tax rate to be 24.5% - Interest expense to be $1.8 billion - Diluted earnings-per-share-percent to decline by 9%–11% compared to fiscal 2022 Hanesbrands Inc. Announced 9/11/2023 10/8/2023 Company expectations for fiscal 2023: - Net sales from continuing operations to be $5.7 billion - GAAP operating profit from continuing operations to be $309 million - Pretax charges for actions to be $123 million - Adjusted operating profit from continuing operations to be $425 million (including a projected headwind of $10 million from changes in foreign currency exchange rates) - Adjusted interest and other expenses to be $317 and $310 million respectively - Tax expense to be $71 million - Adjusted EPS from continuing operations to be $0.12 - Cash flow from operations to be approximately $500 million - Capital investments to be approximately $100 million, consisting of approximately $50 million of capital expenditures and approximately $50 million of cloud computing arrangements - Free cash flow to be approximately $450 million - Fully diluted shares outstanding to be 351 million Company expectations for the fourth quarter of fiscal 2023: - Net sales from continuing operations to be $1.4 billion - GAAP operating profit from continuing operations to be $116 million. - Pretax charges for actions related to the full potential transformation plan and the global champion performance plan to be $15 million - Adjusted operating profit from continuing operations to be $131 million - Interest and other expenses to be $80 million - Tax expense to be $18 million - GAAP EPS from continuing operations to be $0.05 - Adjusted EPS from continuing operations to be $0.09 - Fully diluted shares outstanding of approximately 352 million Under Armour, Inc. Announced 8/11/2023 8/8/2023 Company expectations for fiscal 2024: - Revenue to be down 2%–4% - Gross margin to be up 100–125 basis points - Selling, general and administrative expenses to be flat to slightly down - Operating income to be $310–330 million - Effective tax rate to be in the low twenties percentage range - Diluted EPS to be $0.47–$0.51 - Capital expenditures to be $230–250 million Coty Inc. Revised 7/11/2023 22/08/23 Company expectations for fiscal 2024: - Revenue to be 9%–11% up from previous guidance of 8%–10% - Adjusted EBITDA to be $1,080–1,090 million based on current FX rates, versus previous guidance of $1,075–1,085 million - Adjusted EPS to be $0.44–$0.47, up by 16%–25% (excluding the benefit from the equity swap) Company expectations for the first half of fiscal 2024: - Revenue to be 11%–13%, up from previous guidance of 10%–12% Gildan Activewear Inc. Revised 2/11/2023 3/8/2023 Company expectations for fiscal 2023: - Revenues to be at the lower end of the range provided, compared to previous expectations of flat to down low-single-digits - Adjusted diluted EPS to be at the lower end of the range provided, compared to previous expectations of $2.55–$2.65 Crocs, Inc. Announced 2/11/2023 27/07/23 Company expectations for the fourth quarter of 2023: – Revenue to decline by 1%–4% compared to the fourth quarter of 2022, resulting in revenues of approximately $903–938 million at current currency rates – Adjusted operating margin to be 21% – Adjusted diluted earnings per share to be $2.05–$2.35 Company expectations for fiscal 2023: – Consolidated revenue growth to be 10%–11% compared to fiscal 2022, resulting in revenues of approximately $3,905–3,940 million at current currency rates – Revenue for the Crocs brand to grow 12%–13% on a reported basis – Revenue for the HEYDUDE brand to grow 4%–6% on a reported basis – Adjusted operating margin to be 27% – Non-GAAP adjustments to be $60 million and primarily related to distribution center investments to support growth and an anticipated non-cash impairment for our corporate headquarters – Combined GAAP tax rate to be 23%; Non-GAAP effective tax rate to be 20% – Adjusted diluted earnings per share to be $11.55–$11.85 (the adjusted diluted earnings per share guidance does not assume any impact from potential future share repurchases, per the company) – Capital expenditures to be $125–135 million, primarily related to distribution center investments, new technology implementation and a corporate facility expansion The Clorox Company Revised 1/11/2023 2/8/2023 Company expectations for fiscal 2024: - Net sales to be down mid- to high-single-digits, versus previous guidance of flat to up 2% - Gross margin to remain flat (primarily due to combined benefit of pricing actions, cost savings and supply chain optimization, offset by input cost inflation and the impact from the cyberattack), versus previous guidance of up 150–175 basis points previously - Selling and administrative expenses to be 16% of net sales, versus previous guidance of 15%–16% - Advertising and sales promotion costs to remain 11% of net sales - Effective tax rate to be 23%–24%, versus previous guidance of 24% - Diluted EPS to be $2.10–$2.60, versus previous guidance of $4.65–$4.95 - Adjusted EPS to be $4.30–$4.80, versus previous guidance of $5.60–$5.90 The Estée Lauder Companies Inc. Announced 1/11/2023 18/08/23 Company expectations for fiscal 2023: - Effective tax rate to be 28% - Reported net sales to grow (2)%–1% compared to the previous year - Organic Net sales to grow (2)%–1% compared to the previous year Earnings Per Share Outlook: - Diluted net EPS to be $2.08–$2.35 - Excluding restructuring and other charges and adjustments, diluted net EPS to be $2.17–$2.42 - Adjusted diluted EPS to decrease by 33%–25% on a constant currency basis Company expectations for the second quarter of 2023: - Reported net sales to decrease by 11%–9% compared to the the previous year - Organic Net sales to decrease by 10%–8% compared to the previous year Earnings Per Share Outlook: - Diluted net EPS to be $0.47–$0.57 - Excluding restructuring and other charges and adjustments, diluted net EPS to be $0.48–$0.58 - Adjusted diluted EPS to decrease by 66%–60% on a constant currency basis CVS Health Corporation Revised 1/11/2023 11/9/2023 Company expectations for fiscal 2023: - GAAP diluted EPS to be $6.37–$6.61, down from prior guidance of $6.53–$6.75 - Adjusted EPS to remain constant at $8.50–$8.70 - Cash flow from operations to remain constant at $12.5–$13.5 billion NEXT plc Revised 1/11/2023 21/09/23 Company expectations for fiscal 2024: - Full-price sales to increase by £4.74 billion ($5.75 billion), up from previous guidance of £4.72 billion ($5.72 billion) - NEXT profit before tax to be £885 million ($1,073 million), up from previous guidance of £875 million ($1,061 million) - Revised pre-tax EPS to be 730.2 pence, compared to previous guidance of 723.9 pence - Post-tax EPS to be 557.7 pence, compared to previous guidance of 552.9 pence ASOS Plc Announced 1/11/2023 26/09/23 Company expectations for fiscal 2024: - Net sales to decline by 5%–15% - Adjusted EBITDA to be positive - Stock to be £600 million ($728 million), the same as pre-Covid levels - Capital expenditure to be £130 million ($157 million) - Cash generation to be positive by reducing net debt position Sprouts Farmers Market, Inc. Announced 31/10/23 1/8/2023 Company expectations for fiscal 2023: - Net sales to grow 6.5%–7% - Comparable store sales growth to be 3% - Adjusted EBIT to be $387–393 million - Adjusted diluted EPS to be $2.77–$2.81 - Unit growth to be 30 new stores - Capital expenditures (net of landlord reimbursements) to be $190–210 million Company expectations for the fourth quarter of fiscal 2023: - Comparable store sales growth to be 3% - Adjusted diluted EPS to be $0.42–$0.46 V.F. Corporation Withdrawn/Revised 30/10/23 1/8/2023 Company expectations for fiscal 2024: - EPS and Revenue to be withdrawn from the previous guidance - Free cash flow to be $600 million, versus previous guidance of $900 million V.F. Corporation Announced 30/10/23 1/8/2023 Company expectations for the second half of fiscal 2024: - Revenue and profit to have a negative impact - Vans to not improve its performance Kimberly-Clark Corporation Revised 27/10/23 28/07/23 Company expectations for fiscal 2023: - Organic sales growth to be 4%–5%, up from 3%–5% previously - Net sales to be 1%–2%, up from 0%–2% previously - EPS (vs. adjusted EPS last year) to be 15%–17%, up from 10%–14% prviously - Tax rate to be 23%–24%, up from 23–25% previously Reckitt Benckiser Group plc Revised 27/10/23 28/07/23 Company expectations for fiscal 2023: - Net revenue growth to be 3%–5% in 2023, including the lapping of the "US Nutrition impact in 2022" - Adjusted net finance expense to be £250.0–280.0 million ($303.0–339.5 million) - Adjusted tax rate to be 24%–25% - Capital expenditure to be 3% of net revenue - Deliver free cashflow of over £2.0 billion ($2.2 billion) for the year - New £1.0 billion ($1.2 billion) share buyback program to begin "imminently" and last the next 12 months Tractor Supply Company Announced 26/10/23 3/8/2023 Company expectations for fiscal 2023: - Net sales to be $14.0–14.1 billion - Comparable store sales to be flat, up from its previous guidance of 1.3–2.5% - Operating margin rate to be 10.1%–10.2%, compared to its previous guidance of 10.2–10.3% - Net income to be $1.1–1.2 billion - Earnings per diluted share to be $10.00–$10.10, up from its previous guidance of $10.20–$10.40 - Company to open 70 Tractor Supply stores, including 10–15 new Petsense by Tractor Supply stores Skechers U.S.A., Inc. Announced 26/10/23 27/07/23 Company expectation for the fourth quarter of 2023: – Sales to be $1.9–2.0 billion – Diluted earnings per share to be $0.40–$0.50 Company expectation for fiscal 2023: – Sales to be $8.0–8.1 billion – Diluted earnings per share to be $3.33–$3.43 Deckers Outdoor Corporation Announced 26/10/23 27/04/23 Company expectations for fiscal 2024: – Net sales to be roughly $4.0 billion – Gross margin to be 52.5%–53.0% – SG&A expenses as a percentage of sales to be 34.0%–34.5% – Operating margin to be 18.5% – Effective tax rate to be 22.0%–23.0% – Diluted earnings per share to be $22.90–$23.25 (the earnings per share guidance does not assume any impact from potential share repurchases) Amazon.com, Inc. Announced 26/10/23 27/07/23 Company expectations for the fourth quarter of fiscal 2023: - Net sales to be $160.0–167.0 billion or 7.0%–12.0% (this guidance anticipates a favorable impact of approximately 40 basis points from foreign exchange rates) - Operating income to be $7.0–$11.0 billion, up from $2.7 billion previously (this guidance assumes, among other things, that no additional business acquisitions, restructurings or legal settlements are concluded) Carter's, Inc. Announced 25/10/23 26/07/23 Company expectations for fiscal 2023: - Net sales to be $2.9–3.0 billion - Adjusted operating income to be $325.0–335.0 million - Adjusted diluted earnings per share to be $5.95–$6.15 - Operating cash flow to be $350.0 million - Capital expenditures to be $65.0 million Company expectation for the fourth quarter of 2023: - Net sales to be $862.0–877.0 million - Adjusted operating income to be $133.0–143.0 million - Adjusted diluted earnings per share to be $2.50–$2.72 Colgate-Palmolive Compan Revised 24/10/23 25/04/23 Company expectations for fiscal 2023: - Net sales growth to be 6.0%–8.0%, up from 5.0%–8.0% previously - Organic sales growth to be 7.0%–8.0%, up from 5.0%–7.0% previously - On a GAAP basis, the company expects its gross profit margin to grow due to increased advertising investment and double-digit earnings-per-share growth - On a non-GAAP basis, the company expects its gross profit margin to grow due to increased advertising investments and earnings-per-share growth Walgreens Boots Alliance, Inc. Announced 12/10/2023 5/1/2023 Company expectations for fiscal 2024: - Total sales to be $141–145 billion - Adjusted EPS to be $3.20–$3.50 - Adjusted operating income to be $3.4–3.7 billion Dollar General Corporation Revised 12/10/2023 31/08/23 Company expectations for fiscal 2023: - Net sales growth to be 1.5%–2.5%, compared to previous expectations of 1.3%–3.3% - Same-store sales growth to be 1.0%–0.0%, compared to previous expectations of 1.0%–(1)% - Diluted EPS to decline by 34%–29%, compared to previous expectations of 34%–22% Levi Strauss & Co. Revised 5/10/2023 6/7/2023 Company revised expectations for fiscal 2023: - Reported net revenue will be flat to up 1.0%, compared to previous guidance of up 1.5%–2.5% - Adjusted diluted EPS to be at the lower end of the previous guidance of $1.10–$1.20 Boohoo Group plc Announced 3/10/2023 16/06/22 Company expectations for fiscal 2024: - Revenue to decline by 12.0%–7.0% compared to fiscal 2023 - Adjusted EBITDA margin to be 4.0%–4.5% - Capital expenditures to be £75.0 ($91.4) million ASOS Plc Revised 26/09/23 25/05/23 Company expectation for the second half of fiscal 2023: - EBIT to be at the bottom end of the previous guidance of £40–60 ($48.4– 72.5) million Coty Inc. Revised 20/09/23 22/08/23 Company expectations for the first half of fiscal 2024: - Revised revenue growth to be 10%–12% on a like-for-like (LFL) basis, up from 8%–10% previously Company expectations for fiscal 2024: - Core revenue growth to be 8%–10% on a LFL basis, up from 6%-8% previously The Kroger Co. Announced 8/9/2023 9/2/2023 Company expectations for fiscal 2023: - Identical sales growth rate, excluding fuel, to be 1.0%–2.0% - Adjusted diluted EPS to be $4.45–$4.60 - Adjusted FIFO operating profit to be $5.0–5.2 billion - Adjusted tax rate of 23.0% - Capital expenditure to be $3.4–3.6 billion RH Announced 7/9/2023 15/06/23 Company expectations for the third quarter of fiscal 2023: - Net revenue to be $740–760 million - Adjusted operating margin to be 8%–10% Company expectations for the fourth quarter of fiscal 2023: - Net revenue to be $760–800 million - Adjusted operating margin to be 14.4%–16.6% RH Announced 7/9/2023 9/2/2023 Company expectations for fiscal 2023: - Net revenue growth to be $3.0–3.1 million - Adjusted operating margin to be 14.5%–15.5% Dollar General Corporation Revised 31/08/23 1/6/2023 Company expectations for fiscal 2023: - Net sales growth to be 1.3%–3.3% from 3.5%–5.0% previously - Same-store sales growth to be 1.0% compared to growth of 1.0%–2.0% from previous guidance - Diluted EPS to grow by (34)%–(22)% compared previous guidance of to (8)%–0% Dollar General Corporation Announced 31/08/23 1/6/2023 Company expectations for fiscal 2023: - Capital expenditures to be $1.6–1.7 billion - Company to open 3,110 real estate projects in the US, including 990 new store openings, 2,000 remodels and 120 store relocations. Signet Jewelers Revised 31/08/23 1/9/2022 Company expectations for the third quarter of fiscal 2024: - Total sales to be $1.36–1.41 billion - Operating income to be $10–25 million Company expecations for fiscal 2024: - Net revenue to be $7.10–7.30 billion - Diluted EPS to be $9.55–$10.14 - Operating income to be $635–675 million Academy Sports and Outdoors, Inc. Revised 31/08/23 6/6/2023 Company expectations for fiscal 2023: - Diluted Earnings per Common Share to be $6.65–$7.35, versus previous guidance of $6.50–$7.20 - Adjusted Diluted Earnings per Common Share to be $6.95–$7.65, versus previous guidance of $6.85–$7.50 - Diluted Weighted Average Common Shares to be 78.1, versus previous guidance of 79.7 Lululemon Athletica Inc. Announced 31/08/23 1/6/2023 Company expectations for the third quarter of fiscal 2023: - Net revenue to be $2.16–2.19 billion, representing growth of 17%–18% - Diluted EPS to be $2.23–$2.38 - Tax rate to be 30.5% Company expecations for fiscal 2023: - Net revenue to be $9.51–9.57 billion, representing growth of 17%–18% - Diluted EPS to be $12.02–$12.17 - Tax rate to be 30% Best Buy Co., Inc. Revised 29/08/23 25/05/23 Company expectations for fiscal 2024: - Revenue to be $43.8–44.5 billion from $43.8–45.2 previously - Comparable sales to decline to 4.5%–6.0% from 3.0%–6.0% previously - Non-GAAP operating income to be 3.9%–4.1% compared to the previous range of 3.7%–4.1% - Non-GAAP diluted EPS to be $6.00–$6.40 from $5.70–$6.50 previously Best Buy Co., Inc. Announced 29/08/23 25/05/23 Company expectations for the third quarter of fiscal 2024: - Comparable sales to slightly better than the (6.2)% reported for the second quarter. PVH Corp. Announced 29/08/23 31/05/23 Company expectations for fiscal 2023: - Revenue to increase by 3%–4% (on a constant currency basis) - EPS to be approximately $9.60 on a GAAP basis and $10.35 on a non-GAAP basis. (EPS projection includes an estimated positive impact of approximately $0.15 per share related to foreign currency translation.) - Interest expense to increase to $100 million primarily due to higher interest rates - Effective tax rate to be approximately 22% Company expectations for the third quarter of fiscal 2023: - Revenue to increase by mid single-digits - EPS to be approximately $2.43 on a GAAP basis and $2.70 on a non-GAAP basis. (Third-quarter EPS projection includes estimated positive impact of $0.05 per share related to foreign currency translation.) - Interest expense to increase to $25 million - Effective tax rate to be approximately 22% Nordstrom, Inc. Announced 24/08/23 5/31/2023 Company expectations for fiscal 2023: - Revenue to decline 4.0–6.0% (including retail sales and credit card revenues) - EBIT margin to be 1.5–2.0% of sales (including the negative impact of charges related to the wind-down of Canadian operations) - Adjusted EBIT margin to be 3.7–4.2% of sales (excluding charges related to wind-down of Canadian operations) - Income tax rate to be approximately 6% (including a 2,100 basis point favorable impact primarily from one-time Canada charges) - EPS of $0.60–$1.00 (including the negative impact of charges related to wind-down of Canadian operations), excluding the impact of share repurchase activity - Adjusted EPS (excluding charges related to the wind-down of Canadian operations) to be $1.80–$2.20 (excluding the impact of share repurchase activity) The Gap, Inc. Announced 24/08/23 5/25/2023 Company expectations for the Third Quarter of fiscal 2023: - Net sales to decrease in the low double-digit range compared to last year's net sales of $4.04 billion - Adjusted operating expenses to be approximately $1.3 billion Company expectations for fiscal 2023: - Net sales to decrease in the mid-single digit range in comparison to last year's net sales of $15.6 billion (Fiscal 2023 will include a 53rd week estimated to positively impact net sales by $150 million) - Adjusted operating expenses to be approximately $5.15 billion - Capital expenditures to be $500–$525 million Ulta Beauty, Inc. Revised 24/08/23 5/25/2023 Company expectations for fiscal 2023: - Revised Net sales to be $11.5–$11.15 billion - Revised Diluted EPS to be $25.10–$25.60 - Revised Comparable sales to be 4.5–5.5% compared to 4–5% previously - Revised Operating margin to be 14.6% to 14.8% Burlington Stores, Inc. Announced 24/08/23 5/25/2023 Company expectations for fiscal 2023: - Total sales to increase 11–12% (including 2% from the 53rd week) - Comparable store sales to increase 3–4% - Capital expenditures, net of landlord allowances, to be $560 million - To open 70-80 net new stores - Adjusted EBIT margin to increase 60–80 basis points versus last year - Net interest expense to be approximately $60 million - Adjusted Effective Tax Rate to be approximately 26% - Adjusted EPS to be in range of $5.37–$5.67 Company expectations for the Third Quarter of fiscal 2023: - Total sales to increase 13–15% - Comparable store sales to increase 5–7% - Adjusted EBIT margin to increase 130–180 basis points versus the prior guidance - Adjusted Effective Tax Rate to be approximately 26% - Adjusted EPS to be in range of $0.86–$1.01, as compared to $0.26 in diluted EPS and $0.43 in Adjusted EPS last year Dollar Tree, Inc. Announced 24/08/23 5/25/2023 Company expectations for fiscal 2023: - Consolidated net sales to be $30.6–$30.9 billion - Comparable store sales to be in the mid-single-digit (comprised of mid-single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment) - Diluted EPS to be $5.78–$6.08 (including $0.12 charge for the legal reserve taken in the first quarter) Company expectations for the Third Quarter of fiscal 2023: - Consolidated net sales to be $7.3–$7.5 billion, based on a mid-single-digit increase in same-store sales for the enterprise, and for the Dollar Tree and Family Dollar segments - Diluted EPS for the quarter to be in range of $0.94–$1.04. Guess?, Inc. Announced 23/08/23 5/24/2023 Company expectations for the Third Quarter of Fiscal 2024: - Consolidated net revenue to increase 2.5–4.5% - GAAP diluted EPS to be $0.46–$0.53 - GAAP operating margin is 7.5–8.3% - Adjusted operating margin is 7.5–8.3% - Adjusted diluted EPS to be $0.55–$0.64 Guess?, Inc. Revised 23/08/23 5/24/2023 Company expectations for fiscal 2024: - Revised Consolidated net revenue to increase 2.5–4.0% - Revised GAAP diluted EPS to be $2.22–$2.37 - Revised GAAP operating margin is 8.9–9.3% - Revised Adjusted operating margin is 9–9.4% - Revised Adjusted diluted EPS to be $2.88–$3.08 Williams-Sonoma, Inc. Revised 23/08/23 5/23/2023 Company expectations for fiscal 2023: - Revised Net revenue growth to be (5)–(10)% with operating margin between 15–16% - Revised mid-to-high single-digit annual net revenue growth in the long term - Revised Operating margin to be above 15% in the long-term Foot Locker, Inc. Revised 23/08/23 5/19/2023 Company expectations for fiscal 2023: - Revised Sales to be down 8.0–9.0% - Revised Comparable Sales to be down 9–10.0% - Revised Licensing Revenue to be $17 million - Revised Gross Margin to be 27.8–28.0% - Revised SG&A Rate to be 22.7–22.9% - Revised Interest to be $12 million - Revised Non-GAAP Tax Rate to be approximately 33.0% - Revised Non-GAAP EPS to be $1.30–$1.50 - Revised Adjusted Capital Expenditures to be approximately $290 million Bath & Body Works, Inc. Announced 23/08/23 5/18/2023 Company expectations for fiscal 2023: - Net sales to decline to 1.5–3.5% compared to $7.56 billion in the prior quarter - Diluted EPS to be $2.85–$3.10, compared to $3.40 in 2022 - Adjusted diluted EPS to be $2.80–$3.10 Company expectations for Third Quarter of fiscal 2023: - Net sales to decline to 2.5–4.0% compared to $1.60 billion in the prior quarter - Diluted EPS to be $0.30–$0.40, compared to $0.40 in the prior quarter BJ's Wholesale Club Holdings, Inc. Announced 22/08/23 9/3/2023 Company expectations for fiscal 2023: - Comparable club sales to increase by 2% year over year - Membership fee income to increase by 5% year over year - Merchandise gross margins to increase by 50 basis points year over year - GAAP and Adjusted EPS is $3.80-$3.92 Coty Inc. Announced 22/08/23 6/6/2023 Company expectations for fiscal 2024: - Adjusted EBITDA to be $1065-$1075 million based on current FX rates - Adjusted EPS to be $0.44–$0.47 (Excluding equity swap) Lowe's Companies, Inc. Announced 22/08/23 5/23/2023 Company expectations for fiscal 2023: - Total sales to be $87–$89 billion - Comparable sales to be down 2–4% as compared to prior year - Adjusted operating margin to be 13.4–13.6% - Interest expense to be $1.5 billion - Adjusted effective income tax rate to be 25% - Adjusted diluted EPS to be $13.20–$13.60 - Capital expenditures to be $2 billion Ross Stores Announced 17/08/23 18/05/23 Company expectations for the third and fourth quarter of fiscal 2023: - Comparable store sales to be up 2%–3% and 1%–2% respectively. - EPS to be $1.16–$1.21 compared to $1.10 last year and $1.58–$1.64 compared to $1.31 last year respectively. Company expectations for the second half of fiscal 2023: - EPS to be $5.15–$5.26 compared to $4.38 last year Company expectations for fiscal 2023: - Earnings per share to be approximately $0.16 from the 53rd week Tapestry, Inc. Announced 17/08/23 11/5/2023 Company expectations for fiscal 2024: - Revenue to be $6.9 billion - Revenue to grow approximately 3–4% versus last year (on a constant currency basis) - Net interest expense to be $20 million - Tax rate to be 20% - Weighted average diluted share count of approximately 235 million shares. - Diluted EPS to be $4.10–$4.15, representing growth of 6–7% versus last year. The TJX Companies, Inc. Announced 16/08/23 17/05/23 Company expectations for the third quarter of fiscal 2024: - Overall comparable store sales to increase by 3%–4% - Pre-tax profit to be 11.3%–11.5% - Diluted EPS to be $0.95–$0.98 Company expectations for the fourth quarter of fiscal 2024: - Overall comparable store sales to increase by 3%–4% - Pre-tax profit to be 10.7%–10.9% - EPS to be $1.10–$1.13 - Adjusted pre-tax profit to be in the range of 10.3–10.5% - Adjusted diluted EPS to be $1.00–$1.03 Company expectations for fiscal 2024: - Overall comparable store sales to increase 3–4% - Pre-tax profit to be 10.7–10.8% - Diluted EPS to be $3.66–$3.72 - Adjusted pre-tax profit to be 10.6–10.7% - Adjusted diluted EPS to be $3.56–$3.62 Target Corporation Revised 16/08/23 17/05/23 Company expectations for fiscal 2023: - Expected comparable sales to be in a wide mid-single-digit range of decline for the remainder of the year. - GAAP EPS and Adjusted EPS both to be $7–$8 compared with the previous year's $7.75–$8.75 Company expectations for the first quarter of fiscal 2023: - Comparable sales to experience a wide range of mid-single digit decline for the remainder of the year. - GAAP EPS and Adjusted EPS both to be $1.20–$1.60 The Home Depot, Inc. Revised 15/08/23 16/05/23 Company expectations for fiscal 2023: - Sales and comparable sales to decline by 2–5% compared to fiscal 2022 - Operating margin rate to be 14.3–14.0% - Tax rate to be approximately 24.5% - Interest expense to be approximately $1.8 billion - Diluted earnings-per-share percentage decline to be 7–13% compared to fiscal 2022 HanesBrands Inc. Announced 10/8/2023 3/5/2023 Company expectations for fiscal 2023: - Net sales from continuing operations to be $5.8–5.9 billion (this includes a projected headwind of approximately $37 million from foreign currency exchange rates) - GAAP operating profit from continuing operations to be $376–426 million - Adjusted operating profit from continuing operations to be $425–475 million (this includes a projected headwind of approximately $5 million from foreign currency exchange rates) - "GAAP and Adjusted Interest and other expenses of approximately $312 million and $305 million, respectively" - Tax expense to be approximately $65 million - GAAP EPS from continuing operations to be $0.00–$0.14 - Adjusted EPS from continuing operations to be $0.16–$0.30 - Cash flow from operations to be approximately $500 million - Capital investments to be roughly $100 million, consisting of approximately $50 million in capital expenditures and approximately $50 million in cloud computing arrangements - Free cash flow to be approximately $450 million - Fully diluted shares outstanding of approximately 351 million Company expectations for the Third Quarter of fiscal 2023: - Net sales from continuing operations to be $1.5–1.6 billion (this includes a projected tailwind of approximately $3 million from foreign currency exchange rates) - GAAP operating profit from continuing operations to range from $120–140 million - Adjusted operating profit from continuing operations to range from $130–150 million with essentially no impact from changes in foreign currency exchange rates - "GAAP and Adjusted Interest and other expenses of approximately $80 million" - Tax expense to be approximately $25 million - GAAP EPS from continuing operations to range from $0.04–$0.10 - Adjusted EPS from continuing operations to be $0.07–$0.13 - Fully diluted shares outstanding to be 351 million Ralph Lauren Corporation Announced 10/8/2023 25/05/23 Company expectations for fiscal 2023: - Revenues to increase by a low-single-digit percentage on a constant currency basis compared to last year - Operating margin to increase by 30–50 basis points in constant currency, driven by gross margin expansion - Gross margin to increase approximately 100 basis points in constant currency, compared to the company's previous outlook of a 50–100-basis-point expansion - Tax rate to be in the range of 23–24% Company expectations for the Second Quarter of fiscal 2023: - Revenue to be flat to up slightly to last year in constant currency - Operating margin to be 9.5–10.0% on a reported basis and 9.0–9.5% on a constant currency basis - The company expects its constant currency gross margin to increase by 40–60 basis points - Tax rate to be in the range of 21–22% Capri Holdings Limited Withdrawn 10/8/2023 31/05/23 NEXT Plc Announced 3/8/2023 19/06/23 Company expectations for the second half of fiscal 2023: - Full-price sales to increase by 0.5% versus the sales recorded during the second half of the previous year. Company expectations for fiscal 2023: - Full-price sales to be up 1.8% NEXT Plc Revised 3/8/2023 19/06/23 Company expectations for fiscal 2024: - Full-price sales to increase by £4.68 billion ($5.95 billion), up from previous guidance of £4.67 billion ($5.93 billion) - NEXT profit before tax to be £845 million ($1,074 million), up from £835 million ($1,061 million) previously - Revised pre-tax EPS to be 700.1 pence (£7.00; $8.89), compared to prior guidance of 692.0 pence (£6.92; $8.79) - Post-tax EPS to be 535.3 pence (£5.35; $6.80), compared to 529 pence (£5.29; $6.72) previously Gildan Activewear Inc. Revised 3/8/2023 3/5/2023 Company expectations for fiscal 2023: - Revenues to be flat to down low-single-digits, compared to previous expectations of a low-single-digit year-over-year increase - Full-year adjusted operating margin to be slightly below the low end of the current annual target range of 18%–20% - Revised adjusted diluted EPS to be $2.55–$2.65 - Revised capital expenditures to be at the lower end of the current 6%–8% target range - Revised full-year free cash flow generation to be above $425 million Amazon.com, Inc. Announced 3/8/2023 27/04/23 Company expectations for the third quarter of fiscal 2023: - Net sales to be $138.0–$143.0 billion, or 9%–13% (this guidance anticipates a favorable impact of approximately 120 basis points from foreign exchange rates) - Operating income to be $5.5–$8.5 billion, compared to $2.5 billion previously (this guidance assumes, among other things, that no additional business acquisitions, restructurings or legal settlements are concluded) American Eagle Outfitters, Inc. Revised 3/8/2023 24/05/23 Company expectations for the second quarter of fiscal 2023: - Revised revenue to be flat compared to last year, up from its previous expectation of revenue to be down low-single digits - Revised operating income to exceed prior guidance of $25–$35 million CVS Health Corporation Revised 2/8/2023 3/5/2023 Company expectations for fiscal 2023: - GAAP diluted EPS to be $6.53–$6.75, down from prior guidance of $6.90–$7.12 - Revised adjusted EPS to be $8.50–$8.70 - Revised cash flow from operations to range from $12.5–$13.5 billion The Clorox Company Announced 2/8/2023 2/5/2023 Company expectations for fiscal 2024: - Net sales to be flat to up 2% - Organic sales to grow 2–4% - Gross margin to increase by 150–175 basis points (primarily due to the combined benefits of pricing, cost savings and supply chain optimization, offset by continued cost inflation) - Selling and administrative expenses to be 15%–16% of net sales - Advertising and sales promotion costs to be approximately 11% of net sales - Effective tax rate to be 24% - Diluted EPS to be $4.65–$4.95, an increase of 290%–316% - Adjusted EPS to be $5.60–$5.90, an increase of approximately 10%–16% (the adjusted EPS outlook excludes the long-term strategic investment in digital capabilities and productivity enhancements, estimated to be about 70 cents, and an estimated 25-cent charge related to the streamlined operating model) VF Corporation Announced 1/8/2023 23/05/23 Company expectations for fiscal 2024: - EPS to be $2.05–$2.25 - Revenue to be slightly down to flat - Free cash flow to be the same as prior guidance of approximately $900 million Sprouts Farmers Market, Inc. Announced 1/8/2023 1/5/2023 Company expectations for fiscal 2023: - Net sales to grow 5%–6% - Comparable store sales growth to be 2%–3% - Adjusted EBIT to be $378–$390 million - Adjusted diluted EPS to be $2.68–$2.76 - Unit growth to be 30 new stores - Capital expenditures (net of landlord reimbursements) to be $190–$210 million Company expectations for third quarter of fiscal 2023: - Comparable store sales growth to be low-single-digit comps - Adjusted diluted EPS to be $0.59–$0.63 Carter's, Inc Announced 28/07/23 18/05/23 Company expectation for the third quarter of 2023: – Net sales to be $770.0–790.0 million – Adjusted operating income to be $80.0–85.0 million – Adjusted diluted earnings per share to be $1.45–$1.55 – Continued macroeconomic pressure on consumer demand and cautious inventory commitments by wholesale customers – An improved gross margin, reflecting improved price realization and lower transportation and inventory costs – Comparable interest expense and a higher effective tax rate – Lower average number of shares outstanding Company expectation for fiscal 2023: – Net sales to be $2.9–3.0 billion – Adjusted operating income to be $325.0–340.0 million – Adjusted diluted earnings per share $5.95–$6.15 – Operating cash flow to be $300.0 million – Capital expenditures to be $75.0 million – Improved demand trend in the second half of the year as inflation moderates – A gross margin expansion, driven by improved price realization and lower transportation and inventory-related costs – Lower interest expense and a higher effective tax rate – Continued return of excess capital Colgate-Palmolive Announced 28/07/23 8/6/2023 Company expectations for fiscal 2023: – Net sales growth to be 5%–8%, including the benefit from acquisitions of pet food businesses and a low-single-digit negative impact from foreign exchange rates – Organic sales growth to be 5%–7% – On a GAAP basis, the company still expects a gross profit margin expansion, increased advertising investments and double-digit earnings-per-share growth – On a non-GAAP basis, the company still expects a gross profit margin expansion and increased advertising investment; however, it now expects earnings-per-share growth to be at the high end of the mid-single-digit range The Procter & Gamble Announced 28/07/23 11/7/2023 Company expectations for fiscal 2024: – All-in sales growth to be 3%–4% versus the prior year; the company expects foreign exchange to be a 1% headwind to all-in sales growth. – Organic sales growth to be 4%–5% – Diluted net earnings-per-share growth to be 6%–9% for an EPS of $6.25–$6.43 – Net benefit to be $400 million after-tax from favorable commodity costs net of unfavorable foreign exchange – Core effective tax rate to be 20% – Capital spending to be approximately 5% of net sales – Adjusted free cash flow productivity of 90%; the company also expects to pay more than $9 billion in dividends and to repurchase $5–6 billion of common shares Tractor Supply Revised 27/07/23 6/6/2023 Company's revised expectation for fiscal 2023: – Net sales to be $14.8–14.9 billion, down from $15.0–15.3 billion previously – Comparable store sales to be 1.3%–2.5%, down from 3.5%–5.5% previously – Operating margin rate to be 10.2%–10.3%, down from 10.1%–10.3% previously – Net income to be $1.1–1.2 billion, flat from previous expectations – Earnings per diluted share to be $10.20–$10.40, down from $10.30–$10.60 previously – Anticipated capital expenditures to be $800–850 million, down from $700–775 million previously – The opening of 70 new Tractor Supply stores, 10–15 new Petsense by Tractor Supply stores, and its 10th distribution center, as well as the continuation of its Project Fusion remodels and garden center transformations Crocs, Inc Announced 27/07/23 27/04/23 Company expectations for the second quarter of 2023: – Revenue growth to be 6%–9% compared to the second quarter of 2022, resulting in revenues of approximately $1.0–1.1 billion at current currency rates – Adjusted operating margin to be 26% – Adjusted diluted earnings per share to be $2.83–$2.98 Company expectations for fiscal 2023: – Consolidated revenue growth to be 11%–14% compared to fiscal 2022, resulting in revenues of approximately $3.9–4.0 billion at current currency rates – Revenue for the Crocs brand to grow 7%–9% on a reported basis – Revenue for the HEYDUDE brand to grow by a mid–20s percentage on a reported basis – Adjusted operating margin to be 26%–27% – Non-GAAP adjustments to be $30 million and primarily related to distribution center investments to support growth – Combined GAAP tax rate to be 23%; Non-GAAP effective tax rate to be 20% – Adjusted diluted earnings per share to be $11.17–$11.73 (the adjusted diluted earnings per share guidance does not assume any impact from potential future share repurchases, per the company) – Capital expenditures to be $165–180 million, primarily related to distribution center investments, new technology implementation and a corporate facility expansion Skechers U.S.A Announced 27/07/23 27/04/23 Company expectation for the third quarter of 2023: – Sales to be $1.9–2.0 billion – Diluted earnings per share to be $0.70–$0.75 Company expectation for fiscal 2023: – Sales to be $8.0–8.1 billion – Diluted earnings per share to be $3.25–$3.40 Deckers Outdoor Corporation Announced 27/07/23 25/05/23 Company expectations for fiscal 2024: – Net sales to be roughly $4.0 billion – Gross margin to be 52% – SG&A expenses as a percentage of sales to be 34% – Operating margin to be 18% – Effective tax rate to be 22%–23% – Diluted earnings per share to be $21.75–$22.25 (the earnings per share guidance does not assume any impact from potential future share repurchases, per the company) Reckitt Benckiser Group plc Announced 26/07/23 26/04/23 Company expectations for fiscal 2023: – Net revenue growth to be 3%–5% in 2023; this includes the lapping of the "US Nutrition impact in 2022" – Adjusted operating margins to be slightly above 2022 levels (when excluding one-off, 80-bps benefit in 2022 related to US Nutrition), compared to the company's previous guidance of “in line with or slightly above 2022 levels” Burberry Group plc Announced 14/07/23 18/01/23 Company expectations for fiscal 2024: - Medium-term target revenue to be £4 billion ($5 billion) - Revenues to be £150 million ($197 million) - Adjusted operating profit to be £70 million ($92 million) Coty Inc. Revised 6/7/2023 9/5/2023 Company's revised expectations for the fourth quarter of fiscal 2023: - Revenue growth to be 12%–15% on a like-for-like (LFL) basis, up from its previous guidance of 10% Company's revised expectations for fiscal 2023: - Core revenue to be up 10%–11% on a LFL basis (excluding the impact of the company's Russia exit), up from 9%–10% previously - Adjusted EBITDA to be $965–970 million, compared to its previous guidance of $955–965 million Levi Strauss & Co. Revised 6/7/2023 6/4/2023 Company's revised expectations for fiscal 2023: - Reported net revenues to be 1.5%–2.5% compared to 1.5%–3% previously - Adjusted diluted EPS to be $1.10–$1.20 versus previous guidance of $1.30–$1.40 NIKE, Inc Announced 29/06/23 4/5/2023 Company expectations for Fiscal 2024: –Revenue to grow mid-single digits, led by Nike Direct – Gross margins to be 140–160 basis points on a reported basis, which translates to 200 basis points of operational gross margin expansion, excluding 50 basis points of impact from foreign exchange headwinds –Continued structural gains from a focus on price value, including low single-digit price increases in FY24 –SG&A to grow slightly above revenue –Other income and expense, including net interest income, to be $225–275 million of income for the year –Effective tax rate to be similar to Fiscal 2023 Company expectations for the first quarter of Fiscal 2024 –Revenue growth to be flat to up low single-digits –Gross margin to be 50–75 basis points on a reported basis, which translates to 25–50 basis points of operational gross margin expansion, excluding the negative impact of 100 basis points of foreign exchange headwinds –SG&A to be low double-digits NEXT Plc Revised 19/06/23 4/5/2023 Company expectations for fiscal 2023: - Revised full price sales to be £4.7 billion ($6.0 billion), up from its previous guidance of £4.5 billion ($5.76 billion) - Revised profit before tax to be £835 million ($1.1 billion), up from its previous guidance of £795 million ($1.0 billion) ASOS Plc Announced 15/06/23 12/1/2023 Company expectations for the second half of fiscal 2023: - Adjusted EBIT to be £40–60 million ($51.0–76.5 million) - Over the course of the second half of 2023, the company plans to add to the more than £400 million ($510.0 million) in cash and undrawn facilities Company expectations for fiscal 2023: - Benefits to be around £300 million ($382.5 million), equating to around £385 million ($490.8 million) in gross annualized benefits Signet Jewelers Limited Announced 8/6/2023 1/9/2022 Company expectations for the second quarter of fiscal 2024: -Total sales to be $1.5–1.6 billion -Operating income to be $85–100 million Company expectations for fiscal 2024: -Total sales to be $7.1–7.3 billion -Operating income to be $635–675 million -Diluted EPS to be $9.49–$10.09 -Annual tax rate to be 19% Academy Sports and Outdoors, Inc. Revised 6/6/2023 16/03/23 Company expectations for fiscal 2023: - Net sales to be $6.2–6.4 billion, down from $6.5–6.7 billion previously - Comparable sales to be (7.5)%–(4.5)%, down from (2.0)%–1.0% previously - Gross margin rate to be 34.0%–34.4% - GAAP income before taxes to be $675–750 million, down from $705–780 million previously - GAAP net income to be $520–575 million, down from $535–595 million previously - GAAP diluted earnings per common share to be $6.50–$7.20, down from $6.70–$7.45 previously - Adjusted diluted earnings per common share to be $6.80–$7.50, down from $7.00–$7.75 previously - Capital expenditures to be $200–250 million - Adjusted free cash flow to be $400–450 million, down from $450–500 million previously Dollar General Corporation Revised 1/6/2023 16/03/23 Company expectations for fiscal 2023: - Revised net sales growth to be 3.5–5.0%, previously 5.5–6% - Revised same-store sales growth to be 1.0–2.0%, previously 3.0–3.5% - Revised diluted EPS to range from flat growth to 8.0% decline, compared to its previous growth of 4–6% - Revised diluted EPS to have negative impact of approximately four PPTs due to higher interest expenses in fiscal 2023, compared to the anticipated negative impact of three PPTs in prior guidance - Effective tax rate to be approximately 22.5%, revised from 22.5–23.0% previously - Revised capital expenditures to be $1.6–1.7 billion, previously $1.8–$1.9 billion - Revised real estate projects in the United States to be 3,110 (990 new store openings, 2,000 remodels and 120 relocations), compared to 3,170 real estate projects in fiscal 2023 (including 1,050 new store openings, 2,000 remodels, and 120 store relocations) Macy’s, Inc. Revised 1/6/2023 2/3/2023 Company expectations for fiscal 2023: - Revised net sales to be $22.8–23.2 billion, a decrease from $23.7–$24.2 billion previously - Revised comparable owned-plus-licensed sales to be down 7.5–6.0%, previously down 4–2% versus 2022 - Adjusted diluted EPS to be $2.70–$3.20, revised from $3.67–$4.11 Five Below, Inc. Announced 1/6/2023 15/03/23 Company expectations for the second quarter of fiscal 2023: - Net sales to be $755–765 million - Approximately 40 new stores to be opened - Comparable sales to increase by 2.0%–3.0% - Net income to be $44–48 million - Diluted income per common share to be $0.80–$0.85 - Diluted weighted average shares outstanding to be 55.9 million Company expectations for full fiscal 2023: - Net sales to be $3.5–3.6 billion - Over 200 new stores to be opened - Comparable sales to increase by 1.0–3.0% - Net income to be $297–319 million - Diluted income per common share to be $5.31–$5.71 - Diluted weighted average shares outstanding to be 55.9 million lululemon athletica inc. Announced 1/6/2023 28/03/23 Company expectations for the second quarter of fiscal 2023: - Net revenue to be $2.1–2.2 billion, representing growth of approximately 15.0% - Diluted EPS to be $2.47–$2.52 - Tax rate to be 30.0% Company expecations for full fiscal 2023: - Net revenue to be $9.4–9.5 billion, representing growth of approximately 17.0% - Diluted EPS to be $11.74–$11.94 - Tax rate to be 30.0% Capri Holdings Limited Announced 31/05/23 9/11/2022 Company expectations for the first and second half of fiscal 2024: - Revenues to be $2.6 billion in the first half and $3.1 billion in the second half - Adjusted operating margin to be 13.0% in the first half and 19.5% in the second half - Adjusted EPS to be $2.50 in the first half and $3.90 in the second half Company expectations for fiscal 2024: For Capri Holdings: - Total revenue to increase by $5.7 billion - Operating margin to be 16.5% - Net interest expense to be $20.0 million - Effective tax rate to be approximately 15.0% - Weighted average diluted shares outstanding to be approximately 122 million - Diluted EPS to be approximately $6.40 - Capital expenditures to be $260.0 million For Versace: - Total revenue to be $1.2 billion - Operating margin to be in the mid-teens range For Jimmy Choo: - Total revenue to be approximately $700.0 million - Operating margin to be in the high-single-digit range For Michael Kors: - Total revenue to be approximately $3.8 billion - Operating margin to be in the low-20% range Company expectations for the first quarter of fiscal 2024: For Capri Holdings: - Total revenue to be approximately $1.2 billion - Operating margin to be 8.5% - Net interest expense to be $4.0 million - Effective tax rate to be approximately 15% - Weighted average diluted shares outstanding to be approximately 120 million - Diluted earnings per share of approximately $0.70 For Versace: - Total revenue to be $245.0 million - Operating margin "of break-even" For Jimmy Choo: - Total revenue to be $180.0 million - Operating margin to be in the high-single-digit range For Michael Kors: - Total revenue to be $775.0 million - Operating margin to be in the mid-teens range PVH Corp. Announced 31/05/23 27/03/23 Company expectations for fiscal 2023: - Revenue to increase by 3.0%–4.0% on a constant currency basis - Operating margin to be approximately 10.0% - EPS to be approximately $10.00 on a GAAP basis and $8.97 on a non-GAAP basis (EPS projection includes estimated positive impact of approximately $0.15 per share related to foreign currency rates) - Interest expense to increase by $100.0 million primarily due to higher interest rates - Effective tax rate to be approximately 24.0% Company expectations for the second quarter of fiscal 2023: - Revenue to increase by a low single-digit percentage - EPS to be approximately $1.70 on a GAAP basis and $2.08 on a non-GAAP basis (second quarter EPS projection includes estimated positive impact of $0.05 per share related to foreign currency rates) - Interest expense to increase by $25.0 million - Effective tax rate to be approximately 26.0% Nordstrom, Inc. Announced 31/05/23 2/3/2023 Company expectations for fiscal 2023: - Revenue to decline by 4.0%–6.0% (including retail sales and credit card revenues) - EBIT margin to be 1.5%–2.0% of sales - Adjusted EBIT margin to be 3.7%–4.2% of sales - Income tax rate to be approximately 6.0% - EPS to be $0.60–$1.00 - Adjusted EPS to be $1.80–$2.20 Burlington Stores, Inc. Announced 25/05/23 2/3/2023 Company expectations for fiscal 2023: - Total sales to increase by 12%–14%, including 2% from the 53rd week - Comparable store sales to increase by 3%–5% - Capital expenditures, net of landlord allowances, to be $560 million - To open 70–80 net new stores - Adjusted EBIT margin to increase by 80–120 basis points versus last year - Net interest expense to be approximately $63 million - Adjusted Effective Tax Rate to be approximately 26% - Adjusted EPS to be $5.50–$6.00 Company expectations for the second quarter of fiscal 2023: - Total sales to increase 8–10% - Comparable store sales to increase 2–4% - Adjusted EBIT margin to increase by 10–50 basis points versus the second quarter of fiscal 2022 - Adjusted Effective Tax Rate to be approximately 25% - Adjusted EPS to be $0.35–$0.45, as compared to $0.18 in diluted EPS and $0.35 in Adjusted EPS last year Best Buy Co., Inc. Announced 25/05/23 2/3/2023 Company expectations for fiscal 2024: - Revenue to be $43.8–$45.2 billion - Comparable sales to decline by 3.0%–6.0% - Non-GAAP operating income to be 3.7%–4.1% - Non-GAAP effective income tax rate to be approximately 24.5% - Non-GAAP diluted EPS to be $5.70–$6.50 - Capital expenditures to be approximately $850 million Dollar Tree, Inc. Announced 25/05/23 1/3/2023 Company expectations for fiscal 2023: - Consolidated net sales to be $30.0–$30.5 billion - Comparable store sales to increase by low to mid-single digits, comprised of low to mid-single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment - Diluted EPS to be $5.73–$6.13, including an expected benefit of $0.29 from the 53rd week and the $0.12 charge for the legal reserve Company expectations for the second quarter of fiscal 2023: - Consolidated net sales to be $7.0–$7.2 billion, based on a mid-single-digit increase in same-store sales for the enterprise, and for the Dollar Tree and Family Dollar segments - Diluted EPS for the quarter to be in range of $0.79–$0.89 Ralph Lauren Corporation Announced 25/05/23 9/2/2023 Company expectations for fiscal 2024: - Revenues to increase by low single digits compared to last year on a constant currency basis - Operating margin to expand by 30–50 basis points in constant currency, driven by gross margin expansion - Gross margin to increase by 50–100 basis points in constant currency - Tax rate to be 24%–25%, assuming continuation of current tax laws - Capital expenditures to be $275–$300 million Company expectations for the first quarter for fiscal 2024: - Revenues to be flat to up slightly compared to last year on a constant currency basis - Revenues to be down slightly compared to prior year on a reported basis, including approximately 150 basis points of negative foreign currency impact - Operating margin to expand by 30–50 basis points in constant currency, driven by stronger gross margins - Gross margin to be driven by lower freight costs and continued AUR growth partially offset by increased product costs - Foreign currency to have a negative impact on operating and gross margins by approximately 50 basis points - Tax rate to be 23%–24% Ulta Beauty, Inc. Revised 25/05/23 9/3/2023 Company expectations for fiscal 2023: - Net sales to be $11,000–$11,100 million, against previous guidance of $10,950–$11,050 million. - Diluted EPS to be $24.70–$25.40 Deckers Outdoor Corporation Announced 25/05/23 2/2/2023 Company expectations for fiscal 2024: - Net sales to be approximately $3,950 million - Gross margin to be approximately 52% - SG&A expenses as a percentage of sales to be approximately 34% - Operating margin to be approximately 18% - Effective tax rate to be 22%–23% - Diluted EPS to be $21.10–$21.60 (Assuming no impact from potential future share repurchases) Gap Inc. Announced 25/05/23 9/3/2023 Company expectations for the second quarter of fiscal 2023: - Net sales to decrease by mid- to high-single digits compared to last year’s net sales of $3.86 billion - Adjusted SG&A to be approximately $1.3 billion Company expectations for fiscal 2023: - Net sales to decrease by low to mid-single digits compared to last year’s net sales of $15.6 billion - Net sales to be positively impacted by $150 million on a 53rd week estimate - Adjusted SG&A to be approximately $5.2 billion - Capital expenditures to be $500–$525 million Kohl’s Corporation Announced 24/05/23 1/3/2023 Company expectations for fiscal 2023: - Net sales to decrease by 2–4%, which includes the impact of the 53rd week, worth approximately 1% year over year - Operating margin to be approximately 4.0% - Diluted EPS to be $2.10–$2.70, excluding any non-recurring charges - Capital Expenditures to be $600–$650 million, including expansion of its Sephora partnership and store refresh activity Petco Health and Wellness Company, Inc. Announced 24/05/23 22/03/23 Company expectations for fiscal 2023: - Net Revenue to be $6.15–$6.28 billion - Adjusted EBITDA to be $520–$540 million - Adjusted EPS to be $0.40–$0.48 - Capital Expenditures to be $225–$250 million Guess?, Inc. Announced 24/05/23 14/03/23 Company expectations for the second quarter of fiscal 2024: - Consolidated net revenue to decrease by 1.5% to flat - GAAP diluted EPS to be $0.30–$0.36 Company expectations for fiscal 2024: - Consolidated net revenue to increase by 2.0–4.0% - GAAP diluted EPS to be $2.01–$2.25 American Eagle Outfitters, Inc. Announced 24/05/23 1/3/2023 Company expectations for the second quarter of fiscal 2023: - Revenue to be down by low-single digits - Operating income to be $25–$35 million - SG&A to increase by low to mid-single digits Company expectations for fiscal 2023: - Revenue to be flat to down low single digits - Operating income to be $250–$270 million Lowe's Companies, Inc. Announced 23/05/23 1/3/2023 Company expectations for fiscal 2023: - Total sales to be $87–89 billion - Comparable sales to be down 2–4% as compared to flat to down 2% in prior year - Adjusted operating margin to be 13.4%–13.6% - Interest expense to be approximately $1.5 billion - Adjusted effective income tax rate to be approximately 25% - Adjusted diluted EPS to be $13.20–$13.60, compared to $13.60–$14.00 of prior year - Capital expenditures to be $2 billion DICK'S Sporting Goods, Inc. Announced 23/05/23 7/3/2023 Company expectations for fiscal 2023: - Diluted EPS to be $12.90–$13.80, based on effective tax rate of approximately 21% - Comparable store sales to be flat to up 2.0% on a 52-week basis - Capital expenditures to be $670–$720 million on a gross basis, or $550–$600 million on a net basis Williams-Sonoma, Inc. Announced 23/05/23 16/03/23 Company expectations for fiscal 2023: - Net revenue growth to be (3)%–3%, with operating margin of 14%–15% - Annual net revenue growth to be mid- to high single-digit in the long term - Operating margin to be above 15% in the long term VF Corporation Announced 23/05/23 7/2/2023 Company expectations for fiscal 2024: - Total VF revenue to be flat to up slightly in constant dollars - Gross margin to be up 100 basis points - EPS to be $2.05–$2.25 Foot Locker, Inc. Revised 19/05/23 20/03/23 Company expectations for fiscal 2023: - Revised sales to be (6.5)%–(8.0)%, previously down from (3.5)–(5.5)% - Revised comparable sales to be (7.5)–(9.0)%, previously down (3.5)–(5.5)% - Licensing revenue to be $20 million, unchanged from previous guidance - Gross margin to be 28.6%–28.8%, revised from 30.8–31.0% - SG&A rate to be 22.4–22.6%, revised from 22.6–22.8% - Interest to be $16 million, revised from $12 million - Revised non-GAAP tax rate to be 32.9%–33.1%, previously 31.5–31.7% - Revised non-GAAP EPS to be $2.00–$2.25, previously $3.35–$3.65 (including $0.15 from the extra week) - Adjusted Capital Expenditures to be $305 million, unchanged from prior guidance Bath & Body Works, Inc. Announced 18/05/23 23/02/23 Company expectations for fiscal 2023: - Net sales to be flat with a mid-single digit decline compared to $7.6 billion in 2022 - Diluted EPS to be $2.70–$3.10, compared to $3.40 in 2022. - Adjusted diluted EPS to be $2.68–$3.08 Company expectations for second quarter of fiscal 2023: - Net sales to decline by low- to mid-single digits compared to $1.6 billion in the second quarter of 2022 - Diluted EPS to be $0.27–$0.32 Ross Stores, Inc. Announced 18/05/23 28/02/23 Company expectations for the second quarter of fiscal 2023: - Comparable store sales to be relatively flat - EPS to be $1.07–$1.14 compared to $1.11 last year Company expectations for fiscal 2023: - Comparable store sales to be relatively flat (based on first quarter results and second quarter guidance) - EPS to be $4.77–$4.99 - Earnings per share to be approximately $0.15 from the 53rd week Target Corporation Announced 17/05/23 28/02/23 Company expectations for the first quarter of fiscal 2023: - Comparable sales to experience a low-single-digit decline - Both GAAP EPS and Adjusted EPS to be $1.30–$1.70 Company expectations for fiscal 2023: - Comparable sales to be in a wide range from a low-single-digit decline to a low-single-digit increase - Operating income growth to be more than $1 billion - Both GAAP EPS and Adjusted EPS to be $7.75 to $8.75 The TJX Companies, Inc. Announced 17/05/23 22/02/23 Company expectations for the second quarter of fiscal 2024: - Overall comparable store sales to increase by 2%–3% - Diluted EPS to be $0.72–$0.75 Company expectations for fiscal 2024: - Overall comparable store sales to increase 2–3% - Diluted EPS to be $3.49–$3.58 - Adjusted diluted EPS to be in the range of $3.39–$3.48 (excluding these expected benefits) The Home Depot, Inc. Announced 16/05/23 21/02/23 Company expectations for fiscal 2023: - Sales and comparable sales to decline 2–5% compared to fiscal 2022 - Operating margin rate to be 14.3%–14.0% - Tax rate to be approximately 24.5% - Interest expense to be approximately $1.8 billion - Diluted earnings-per-share percentage decline to be 7–13% compared to fiscal 2022 Tapestry, Inc. Announced 11/5/2023 9/2/2023 Company expectations for fiscal 2023: - Revenue to be $6.7 billion - Revenue to grow approximately 3% versus last year - Net interest expense to be approximately $30 million - Tax rate to be approximately 19.0% - Diluted EPS to be $3.85–$3.90 representing low double-digit growth versus last year (Non-GAAP basis) Coty Inc. Revised 9/5/2023 15/03/23 Company expectations for fiscal 2023: - Revenue to be 9–10%, an increase from original guidance of 6–8% - Adjusted EBITDA to be $955–$965 million based on current FX rates - Adjusted EPS to be $0.52–$0.53, reflecting over 85% growth (including the benefit from the equity swap and assuming the current share price holds) - Revised adjusted EPS growth of approximately 35% to be $0.38–0.39 (excluding any mark-to-market adjustments on the equity swap), an increase from its previous adjusted EPS of $0.35–0.36 Under Armour, Inc. Announced 9/5/2023 8/2/2023 Company expectations for fiscal 2023: - Revenue to be flat to up slightly - Gross margin to be up 25–75 basis points compared to the prior year's rate of 44.9% - Selling, general & administrative expenses to be flat to up slightly - Operating income to be $310–$330 million - Effective tax rate to be in the low twenties percentage range - Diluted EPS to be $0.47–$0.51 - Capital expenditures to be $250–$270 million NEXT plc Announced 4/5/2023 5/1/2023 Company expectations for fiscal 2023: - Full price sales to be down 1.5% - Profit before tax to be £795 million - Pre-tax EPS to be 656.1 pence - Post-tax EPS to be 501.9 pence Zalando SE Announced 4/5/2023 8/4/2022 Company expectations for fiscal 2023: - GMV to grow 1%–7% - Revenue to grow (1)%–4% - Adjusted EBIT to be €280–350 million Floor & Decor Holdings, Inc. Announced 4/5/2023 23/02/23 Company expectations for fiscal 2023: - Net sales to be $4,610–$4,750 million - Comparable store sales to be approximately (3.0)% to flat - Diluted EPS to be $2.55–$2.85 - Adjusted EBITDA to be $605–$650 million - Depreciation and amortization expense to be $190 million - Interest expense, net to be $17–$18 million - Tax rate to be approximately 23% - Diluted weighted average shares outstanding to be approximately 108 million shares - 32–35 new warehouse-format stores to open - Capital expenditures to be $620–$675 million Gildan Activewear Inc. Announced 3/5/2023 22/02/23 Company expectations for fiscal 2023: - Revenue growth to be in the low-single-digit range - Adjusted operating margin to be 18%–20% - Capex to be at the lower end of the previously stated 6%–8% range CVS Health Corporation Revised 3/5/2023 8/2/2023 Company expectations for fiscal 2023: - Revised GAAP diluted EPS to be $6.90–$7.12, revised from $7.73–$7.93 - Revised adjusted EPS to be $8.50–$8.70, revised from $8.70–$8.90 - Confirmed cash flow from operations to be $12.5–$13.5 billion The Estée Lauder Companies Inc. Announced 3/5/2023 2/2/2023 Company expectations for fiscal 2023: - Effective tax rate to increase by approximately 27% - The TOM FORD brand acquisition to be $.03–$.04 dilutive to full year diluted earnings per common share - Net sales to decrease between 12%–10% Earnings Per Share Outlook: - Diluted net EPS to be $2.62–$2.76 - Excluding restructuring and other charges and adjustments, diluted net EPS to be $3.29–$3.39 - Adjusted diluted EPS to decrease by 51%–50% on a constant currency basis HanesBrands Inc. Announced 3/5/2023 2/2/2023 Company expectations for fiscal 2023: - Net sales from continuing operations to be $6.05–$6.20 billion - GAAP operating profit from continuing operations to be $446–$496 million - Adjusted operating profit from continuing operations to be $500–$550 million - Adjusted interest and other expenses to be $300 million - Tax expense to be $90–$100 million - GAAP EPS from continuing operations to be $0.14–$0.25 - Adjusted EPS from continuing operations to be $0.31–$0.42 - Cash flow from operations to be approximately $500 million - Capital investments to be approximately $150 million, consisting of approximately $70 million of capital expenditures and approximately $80 million of cloud computing arrangements - Free cash flow to be approximately $430 million - Fully diluted shares outstanding to be 352 million Company expectations for the second quarter of fiscal 2023: - Net sales from continuing operations to be $1.42–$1.47 billion - GAAP operating profit from continuing operations to be $55–$75 million - Adjusted operating profit from continuing operations to be $70–$90 million - Interest and other expenses to be $80 million - Tax expense to be $10 million - GAAP loss per share from continuing operations to be $0.09–$0.04 - Adjusted loss per share from continuing operations to be $0.05–$0.00 - Fully diluted shares outstanding of approximately 351 million The Clorox Company Revised 2/5/2023 2/2/2023 Company expectations for fiscal 2023: - Revised net sales to be 1%–2%, previously from a decrease of 2–1% increase - Revised organic sales to increase 3–4%, compared previously to between a flat and 3% increase - Revised gross margin to increase by between 250 and 300 basis points, compared to a prior increase of about 200 basis points - Revised selling and administrative expenses to be 16% of net sales, compared previously to 15–16% of net sales - Revised effective tax rate to be about 37%, compared previously to 24% - Diluted EPS to be $0.45–$0.60, or an 88%–84% decrease, respectively, revised from $3.20–$3.45, or a 14% to 8% decrease, respectively - Adjusted EPS to be $4.35–$4.50, or a 6%–10% increase, respectively, revised from $4.05–$4.30, or a decrease of 1–5% increase, respectively Sprouts Farmers Market, Inc. Announced 1/5/2023 3/2/2023 Company expectations for fiscal 2023: - Net sales to be 5%–6% - Comparable store sales growth: 2%–3% - Adjusted EBIT to be $370–$385 million - Adjusted diluted EPS to be $2.58–$2.68 - Unit growth of 30 new stores, 11 store closures, and acquisition of 2 previously licensed stores - Capital expenditures (net of landlord reimbursements) to be $210–$230 million Company expectations for the second quarter of fiscal 2023: - Comparable store sales to be approximately 3% - Adjusted diluted EPS to be $0.61–$0.65 Columbia Sportswear Company Revised 27/04/23 2/2/2023 Company expectations for fiscal 2023: - Net sales to be $3.6–3.7 billion, representing net sales growth of 3%–6%, remaining unchanged compared to 2022 - Revised operating income to be $413.0–431.0 million for an operating margin of 11.6–11.8%, from 11.6–12.2% previously - Diluted EPS to be $5.15–$5.40, from $5.15–$5.55 previously Unilever PLC Announced 27/04/23 26/07/22 Company expectations for fiscal 2023: - Sales growth for fiscal 2023 to be 3%–5%—the company expects underlying price growth will remain high in the first half and soften through the year - Operating margin in the first half will be "at least" 16% Tractor Supply Company Announced 27/04/23 26/01/23 Company expectations for fiscal 2023: - Net sales to be $15.0–$15.3 billion - Comparable store sales to be 3.5%–5.5% - Operating margin rate to be 10.1%–10.3% - Net income to be $1130–$1170 million - Diluted EPS to be $10.30–$10.60 Crocs, Inc. Announced 27/04/23 16/02/23 Company expectations for the second quarter for fiscal 2023: - Revenues to grow approximately 6%–9%, resulting in revenues of approximately $1,026–$1,049 million at current currency rates - Adjusted operating margin to be 26.0% - Adjusted diluted EPS to be $2.83–$2.98 Company expectations for fiscal 2023: - Consolidated revenue growth to be 11%–14%, resulting in revenues of approximately $3,945–$4,045 million at current currency rates - Crocs Brand revenues to be 7%–9% on a reported basis - HEYDUDE Brand revenues to increase by mid-20% on a reported basis - Adjusted operating margin to be 26.0%–27.0% - Non-GAAP adjustments to be approximately $30 million - Combined GAAP tax rate to be 23% and Non-GAAP effective tax rate to be 20% - Adjusted diluted EPS to be $11.17–$11.73 - Capital expenditures to be $165–$180 million Amazon.com, Inc. Announced 27/04/23 2/2/2023 Company expectations for the second quarter for fiscal 2023: - Net sales to be $127.0–$133.0 billion, or to grow 5%–10% - Operating income to be $2.0–$5.5 billion, compared with $3.3 billion in the second quarter of 2022 Sketchers U.S.A., Inc. Announced 27/04/23 2/2/2023 Company expectations for the second quarter for fiscal 2023: - Sales to be $1850–$1900 million - Diluted EPS to be $0.40–$0.50 Company expectations for fiscal 2023: - Sales to be $7.9–$8.1 billion - Diluted EPS to be $3.00–$3.20 Reckitt Benckiser Group plc Announced 26/04/23 26/10/22 Company expectations for fiscal 2023: - Group LFL net revenue to grow 3%–5% Kimberly-Clark Corporation Announced 25/04/23 25/01/23 Company expectations for fiscal 2023: - Organic sales to be 2%–4% - Net sales to be 0%–2% - Operating profit to be up low-double digits, compared to previous guidance of up mid- to high-single digits. - EPS (vs. adjusted EPS last year) to be 6%–10% - Tax rate to be 23%–25% - Share repurchases to be $100–$150 million Levi Strauss & Co. Announced 6/4/2023 25/01/23 Company reaffirmed sales guidance for fiscal 2023: - Net revenues to be $6.3–6.4 billion, reflecting 1.5%–3.0% year-over-year revenue growth - Adjusted diluted EPS to be $1.30–$1.40 Walmart Inc. Announced 4/4/2023 21/02/23 Company expectations for the first quarter of fiscal 2024: - Consolidated net sales to increase to 4.5%–5.0% in constant currency - Consolidated operating income to be 3.5%–4.0% - Adjusted earnings per share to be $1.25–$1.30 Company expectations for fiscal 2024: - Consolidated net sales to be 2.5%–3.0% in constant currency - Walmart US comp sales to be 2.0%–2.5%, ex. fuel - Sam’s Club US comp sales to be about 5.0%, ex. fuel - Walmart's international net sales to be about 6% in constant currency - Consolidated operating expenses to increase slightly as a percentage of net sales constant currency - Consolidated operating income to be approximately 3.0% in constant Currency - Net interest expense to be about $750 million - Effective tax rate range of 25.5%–26.5% - Adjusted earnings per share to be $5.90–$6.05 - Capital expenditures to be up slightly in total dollars versus last year with a focus on technology, supply chain and customer-facing initiatives Walgreens Boots Alliance, Inc. Announced 28/03/23 5/1/2023 Company expectations for fiscal 2023: - Adjusted EPS guidance to be $4.45–$4.65, projecting percentage growth in the mid-20s in the second half of fiscal 2023 py Announced 28/03/23 9/1/2023 Company expectations for first quarter of fiscal 2023: - Net revenue to be $1.89–$1.93 billion, representing growth of approximately 18% - Diluted EPS to be $1.93–$2.00 - Tax rate to be 30% Company expectations for fiscal 2023: - Net revenue to be $9.3–$9.4 billion, representing growth of approximately 15% - Diluted EPS to be $11.50–$11.72 - Tax rate to be 30% Ocado Group plc Announced 28/03/23 14/09/21 Company expectations for fiscal 2023: - Retail revenue to see mid-single-digit growth - Retail EBIT to be marginally positive - Total capital expenditure to be £550.0 million ($678.7 million), of which 10.0% will go to retail PVH Corp. Announced 27/03/23 30/11/22 Company expectations for fiscal 2023: - Revenue to grow 3%–4% (2%–3% on a constant currency basis) - Operating margin to be 10% - EPS to be $10.00 Company expectations for the first quarter of fiscal 2023: - Revenue to be flat - EPS to be approximately $1.90 - Effective tax rate is to be 24% Ocado Group plc Revised 45011 28/03/23 Company expectations for fiscal 2023: - Retail revenue to see mid-single-digit growth Petco Health and Wellness Company, Inc. Announced 22/03/23 30/11/22 Company expectations for fiscal 2023: - Net revenue to be $6.15–$6.28 billion - Adjusted EBITDA to be down approximately $10 million to up approximately $10 million from fiscal 2022 - Adjusted EPS to fall by $0.21–$0.13 - Capital expenditures to be $225–$250 million Lululemon Athletica Inc. Announced 45006 8/1/2024 Company expectations for the first quarter of fiscal 2024: - Net revenue to be $2,175–$2,200 million, representing growth of 9%–10% - Diluted EPS to be $2.35–$2.40 - Tax rate to be 29%–29.5% Company expectations for fiscal 2024: - Net revenue to be $10,700–$10,800 million, representing growth of 11%–12% - Diluted EPS to be $14.00–$14.20 - Tax rate to be 30% Foot Locker, Inc. Announced 20/03/23 18/11/22 Company expectations for fiscal 2023: - Sales change to be down 3.5%–5.5%, including 1% from the extra week in the fiscal year - Comparable sales change to be down 3.5%–5.5% - Licensing revenue to be $20.0 million - Gross margin to be 30.8%–31.0% - SG&A rate to be 22.6%–22.8% - Interest to be $12.0 million - Tax rate to be 31.5%–31.7% - Non-GAAP EPS to be $3.35–$3.65, including $0.15 from the extra week - Adjusted capital expenditures to be $305.0 million - Total square footage to be down by 4% Li Ning Company Limited Announced 17/03/23 25/06/21 Company expectations for fiscal 2023: - Revenue growth to be between (10)%–20% - Net profit margin to be between (10)%–20% Williams-Sonoma, Inc. Announced 16/03/23 17/11/22 Company expectations for fiscal 2023: - Annual net revenue to grow (3.0)%–3.0% - Operating margin to be 14.0%–15.0% - Annual net revenue growth to be in the mid- to high-single-digit range in the long term - Operating margin to be above 15.0% in the long term Academy Sports and Outdoors, Inc. Announced 16/03/23 12/7/2022 Company expectations for fiscal 2023: - Net sales to be $6.5–$6.7 billion - Comparable sales to grow (2.0)%–1.0% - Gross margin rate to be approximately 34% - GAAP income before taxes to be $705–$780 million - GAAP net income to be $535–$595 million - GAAP diluted earnings per common share to be $6.70–$7.45 - Adjusted diluted earnings per common share to be $7.00–$7.75 - Opening approximately 13–15 new stores Five Below, Inc. Announced 15/03/23 30/11/22 Company expectations for the first quarter of fiscal 2023: - Net sales to be $723–$735 million - Comparable store sales to increase by 2.5%–4.0% - Net income to be $33–$37 million - Diluted income per common share to be $0.59–$0.65 - Opening approximately 25 new stores Company expectations for fiscal 2023: - Net sales to be $3.5–$3.6 billion - Net income to be $295–$323 million - Diluted income per common share to be $5.25–$5.76 - Gross capital expenditures to be approximately $325 million Coty Inc. Revised 15/03/23 8/11/2022 Company expectations for fiscal 2023: - Core LFL sales growth to be at the upper end, from 6%–8% growth previously Dollar General Corporation Announced 14/03/23 7/12/2023 Company expectations for fiscal 2024: - Net sales growth to be 6%–7% - Same-store sales decline to be 2.0%–2.7% - Diluted EPS to be $6.80–$7.55 - Capital expenditures to be $1.3–1.4 billion - To open 2,385 real-estate projects (including 800 new store openings, 1,500 remodels, and 85 store relocations) Company expectations for the first quarter of fiscal 2024: - Same-store sales decline to be 1.5%–2.0% - Diluted EPS to be $1.50–$1.60 DICK'S Sporting Goods, Inc Announced 14/03/23 21/11/23 Company expectations for fiscal 2024: - Net sales to be $13.0–$13.1 billion - Diluted EPS to be $12.85–$13.25 - Effective tax rate to be approximately 24% - Comparable store sales to be up 1%–2% - Capital expenditures to be approximately $900 million on a gross basis - Capital expenditures to be approximately $800 million on a net basis Ulta Beauty, Inc. Announced 14/03/23 30/11/23 Company expectations for fiscal 2024: - Net sales to be $11,070–$11,080 million - Diluted EPS to be $26.20–$27.00 - Comparable sales to be 4.0%–5.0% - Share repurchases to be $1,000 million - Capital expenditures to be $415–$490 million - Depreciation and amortization expense to be $275–$280 million - Operating margin to be 14.0%–14.3% - Tax rate to be 24.3% - Interest income to be $11 million Guess?, Inc. Announced 14/03/23 11/22/2022 Company expectations for first quarter of fiscal 2024: - Consolidated net revenue to decrease by 7.0%–6.0% - GAAP operating margin to be (1.2)%–(0.5)% - GAAP diluted loss per share to be $0.25–$0.19 - Adjusted diluted earnings loss per share to be $0.31–$0.25 Company expectations for fiscal 2024: - Consolidated net revenue to increase 1.0%–3.0% - GAAP operating margin to be 8.0%–9.0% - GAAP diluted earnings per share to be $2.08–$2.36 - Adjusted diluted earnings per share to be $2.45–$2.80 Dollar Tree, Inc. Announced 13/03/23 29/11/23 Company expectations for fiscal 2023: - Consolidated net sales to be $31–32 billion - Comparable store sales to be up mid-single-digits (comprised of a mid-single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment) - Diluted EPS to be $6.70–$7.30 Company expectations for the fourth quarter of fiscal 2023: - Consolidated net sales to be $7.6–$7.9 billion, based on a low-single-digit increase in same-store sales for the enterprise - Diluted EPS for the quarter to be $1.33–$1.48 Petco Health and Wellness Company, Inc. Announced 13/03/23 24/05/23 Company expectations for fiscal 2024: - Tax rate to be 26% - Net interest expense to be $145 million - Capital Expenditures to be $140 million Company expectations for first quarter of fiscal 2024: - Net Revenue to be $1.5 billion - Adjusted EBITDA to be $70 million - Adjusted EPS to be $0.06 - Capital Expenditures to be $225–250 million Williams-Sonoma, Inc Announced 13/03/23 16/11/23 Company expectations for fiscal 2024 : –Net revenue growth to be (3)%–3% with an operating margin of 16.5%–16.8% –Annual net revenue to grow mid-to-high single-digits with an operating margin in the mid-to-high teens Kohl's Corporation Announced 12/3/2023 21/11/23 Company expectations for fiscal 2024: - Net sales to grow (1)%–1% - Operating margin to be 3.6%–4.1% - Comparable sales to grow 0%–2% - Diluted earnings per share to be $2.10–$2.70 excluding any non-recurring charges - Capital expenditures to be $500 million Ulta Beauty, Inc. Announced 9/3/2023 12/1/2022 Company expectations for fiscal 2023: - Net sales to be $11.0–11.1 billion - Diluted earnings per share to be $24.70–$25.40 - Comparable sales to be 4%–5% - Net new stores to be 25–30 - Remodel and relocation projects to be 20–30 - Operating margin to be 14.7%–15.0% - Share repurchases to be $900 million - Effective tax rate to be 24.6% - Capital expenditures to be $400–475 million - Depreciation and amortization expense to be $245–250 million Gap Inc. Announced 9/3/2023 11/7/2022 Company expectations for first quarter of fiscal 2023: - Comparable net sales to decrease in mid-single digit range - SG&A to be approximately $1.2 billion Company expectations for fiscal 2023: - Comparable net sales to decrease by a low- to mid-single-digit percentage - SG&A to be approximately $5.2 billion - Capital expenditures to be $500–550 million BJ's Wholesale Club Holdings, Inc. Announced 9/3/2023 17/11/22 Company expectations for fiscal 2023: - Comparable club sales to increase by 4%–5% - Membership fee income to increase by 5%–6% - Merchandise gross margins to increase by 40 basis points year over year - EPS to remain flat year over year - Capital expenditure to be $450 million Burlington Stores, Inc Announced 7/3/2023 21/11/23 Company expectations for fiscal 2024: - Total sales to increase by 9%–11% - Comparable store sales to increase by 2% - Capital expenditures, net of landlord allowances, to be $750 million - To open 100 net new stores - Depreciation & amortization expense to be $350 million - Adjusted EBIT margin to increase by 10–50 basis points versus last year - Net interest expense to be approximately $43 million - Adjusted Effective Tax Rate to be approximately 27% - Adjusted EPS to be $7.00–$7.60 Company expectations for the first quarter of fiscal 2024: - Comparable store sales to increase by 2% - Adjusted EBIT margin to increase by 20–60 basis points - Adjusted Effective Tax Rate to be approximately 29% - Adjusted EPS to be $0.95–$1.10, as compared to $0.84 Adjusted EPS last year Big Lots, Inc. Announced 7/3/2023 3/3/2022 Company expectations for the first quarter of fiscal 2024: - Comparable sales to be down by mid-single-digits - Gross margin rate to be up by 200-250 basis points, driven by reduced markdown activity, lower freight costs, and cost reduction and productivity initiatives - Adjusted SG&A dollars to be down by a low-single digit percentage versus 2023 - Share count of the company to be 29.4 million BJ's Wholesale Club Holdings, Inc. Announced 7/3/2023 17/11/23 Company expectations for fiscal 2024: - Comparable club sales, excluding the impact of gasoline sales, to increase by 1.0%–2.0% year over year - Merchandise gross margins to improve by 20 basis points year over year - Adjusted EPS to be $3.75–$4.00 - Capital expenditures to be $500 million The Kroger Co. Announced 7/3/2023 8/9/2023 Company expectations for fiscal 2024: - Identical sales excluding fuel to grow 0.25%–1.75% - Adjusted diluted EPS to be $4.30–$4.50 - Adjusted FIFO operating profit to be $4.6–$4.8 billion - Adjusted Free Cash Flow to be $2.5–$2.7 billion - Adjusted effective tax rate to be 23% - Capital expenditure to be $3.4–$3.6 billion American Eagle Outfitters, Inc. Announced 7/3/2023 21/11/23 Company expectations for the first quarter of fiscal 2024: - Operating income to be $65–$70 million - Revenue to be up mid-single digits (including a 1-point positive impact from the retail calendar shift) Company expectations for fiscal 2024: - Operating income to be $445–$465 million - Revenue to grow 2%–4% (including a 1-point revenue headwind from the shift in the retail calendar) The Gap, Inc. Announced 7/3/2023 6/11/2023 Company expectations for the fourth quarter of fiscal 2024: - Net sales to be flat - Operating expense to be $1.2 billion - Gross margin to see 100-bps expansion Company expectations for fiscal 2024: - Net sales to be roughly flat on a 52-week basis - Operating expense to be $5.1 billion - Gross margin to see 50-bps expansion - Operating income to see low-to-mid-teens growth - Tax rate to be 28% - Capital expenditure to be 500 million DICK'S Sporting Goods, Inc. Announced 7/3/2023 22/11/22 Company expectations for fiscal 2023: - Earnings per diluted share to be $12.90–$13.80 - Comparable store sales to be flat to up 2.0% - Capital expenditures on gross basis to be $670–720 million - Capital expenditures on net basis to be $550–600 million Foot Locker, Inc. Announced 6/3/2023 29/11/23 Company expectations for its full fiscal 2025: - Sales to be down (1.0)%–2.0% - Comparable sales to grow 1.0%–3.0% - Licensing revenue to be $17.0 million - Gross margin to be 29.8–30.0% - SG&A rate to be 24.4–24.6% - Interest to be $12.0 million - Non-GAAP tax rate to be 35.0%–36.0% - Non-GAAP EPS to be $1.50–$1.70 Target Corporation Announced 5/3/2023 15/11/23 Company expectations for the first quarter of its fiscal 2024: – Comparable sales to decline by 3%–5% – GAAP and Adjusted EPS to be $1.70–$2.10 Company expectations for its full fiscal 2024: – Comparable sales growth to range from flat to 2% – GAAP and adjusted EPS to be $8.60–$9.60 Ross Stores, Inc. Announced 5/3/2023 16/11/23 Company expectations for the first quarter of its fiscal 2024: - Comparable store sales to grow 2.0%–3.0% - EPS to be $1.29–$1.35, compared to $1.09 last year Company expectations for its full fiscal 2024: - Comparable store sales to grow 2.0%–3.0% - EPS to be $5.64–$5.89 - Earnings per share to be approximately $0.20, in part due to the 53rd week Nordstrom, Inc. Announced 5/3/2023 21/11/23 Company expectations for its full fiscal 2024: - Revenue growth (including retail sales and credit card revenues) to fall between (2.0)% and 1.0% - EBIT margin to be 3.5%–4.0% of sales - Comparable sales growth to be between (1.0)% and 2% - Income tax rate to be approximately 27% - EPS to be $1.65–$2.05 Sprouts Farmers Market, Inc. Announced 2/3/2023 8/11/2022 Company expectations for the first quarter of fiscal 2023: - Comparable store sales growth to be 1.5%–2.5% - Adjusted diluted earnings per share to be $0.83–$0.87 Company expectations for fiscal 2023: - Net sales growth to be 4%–6% - Comparable store sales growth to be in the low single-digits - Adjusted EBIT to be $355–370 million - Effective tax rate to be 26% - Adjusted diluted earnings per share to be $2.41–$2.53 - 30 new stores, 11 stores closing - Capital expenditures to be $210–230 million Burlington Stores, Inc. Announced 2/3/2023 22/11/22 Company expectations for the first quarter of fiscal 2023: - Total sales to increase 12%–14% - Comparable store sales to increase 5%–7% - Adjusted EBIT margin to increase 120–150 basis points - Effective tax rate to be 26% - Adjusted EPS to be $0.85–$0.95 Company expectations for fiscal 2023: - Total sales to increase 12%–14% - Comparable store sales to increase by 3%–5% - Capital expenditures to be $560 million - Open 70 to 80 net new stores - Depreciation and amortization to be $320 million - Adjusted EBIT margin rate to increase by 80–120 basis points - Net interest expense to be $66 million - The effective tax rate to be 26% - Adjusted EPS to be $5.50–$6.00 Nordstrom, Inc. Announced 2/3/2023 19/01/23 Company expectations for fiscal 2023: - Revenue to decline 4.0%–6.0% - EBIT margin to be 1.2%–2.1% of sales - Adjusted EBIT margin to be 3.7%–4.2% of sales - Income tax rate to be 32% - EPS to be $0.20–$0.80 - Adjusted EPS to be $1.80–$2.20 The Kroger Co. Announced 2/3/2023 12/1/2022 Company expectations for fiscal 2023: - Identical sales (excluding fuel) to be 1.0%–2.0%, with underlying growth of 2.5%–3.5% - Adjusted net earnings per diluted share to be $4.45–$4.60, including an estimated $0.15 benefit from the 53rd week - Adjusted FIFO operating profit to be $5.0–5.2 billion - Effective tax rate to be 23% - Capital expenditures to be $3.4–3.6 billion - Adjusted free cash flow to be $2.3–2.5 billion Best Buy Co., Inc. Announced 2/3/2023 22/11/22 Company expectations for fiscal 2024: - Revenue to be $43.8–45.2 billion - Comparable sales to be 3.0%–6.0% - Enterprise non-GAAP operating income rate to be 3.7%–4.1% - Non-GAAP effective income tax rate to be 24.5% - Non-GAAP diluted EPS to be $5.70–$6.50 - Capital expenditures to be $850 million Macy's, Inc. Announced 2/3/2023 6/1/2023 Company expectations for fiscal 2023: - Net sales to be in the range of $23.7–$4.2 billion (down 1.0%–3.0%) - Comparable owned plus licensed sales change to be down 2%–4% - Adjusted diluted earnings per share to be $3.67–$4.11 American Eagle Outfitters, Inc. Announced 1/3/2023 22/11/22 Company expectations for the first quarter of fiscal 2023: - Revenue to be flat to up by a low single-digit - Operating income to be flat Company expectations for fiscal 2023: - Revenue to be flat to up by a low single-digit - Operating income to be $270–310 million Dollar Tree, Inc. Announced 1/3/2023 22/11/22 Company expectations for fiscal 2023: - Consolidated net sales to be $29.9–30.5 billion - Comparable store sales to increase by a low or mid-single-digit, comprised of a low single-digit increase in the Dollar Tree segment and a mid-single-digit increase in the Family Dollar segment - Diluted EPS to be $6.30–$6.80 Company expectations for the first quarter of fiscal 2023: - Consolidated net sales to be $7.2–7.4 billion - Same-store sales to increase by a mid-single-digit, with low single-digit comp growth at Dollar Tree and mid-single-digit comp growth at Family Dollar. - Diluted EPS to be $1.46–$1.56. Kohl's Corporation Announced 1/3/2023 8/11/2022 Company expectations for fiscal 2023: - Net sales to decrease of (2)%–(4)% - Operating margin to be 4.0% - Diluted earnings per share to be $2.10–$2.70 - Capital expenditures to be $600–650 million Lowe's Companies, Inc. Announced 1/3/2023 16/11/22 Company expectations for fiscal 2023: - Total sales to be approximately $88–90 billion - Comparable sales to be flat to down (2)% - Operating margin to be 13.6%–13.8% - Diluted earnings per share to be $13.60–$14.00 - Effective income tax rate to be 25% - Capital expenditures to be $2 billion Ross Stores, Inc. Announced 28/02/23 17/11/22 Company expectations for the 52 weeks ending January 27, 2024: - Comparable store sales to be relatively flat Company expectations for the 53 weeks ending February 3, 2024: - Earnings per share to be $4.65–$4.95 - Benefit to earnings per share to be $0.15 Company expectations for the 13 weeks ending April 29, 2023 - Comparable store sales to be relatively flat - Earnings per share to be $0.99–$1.05 Target Corporation Announced 28/02/23 16/11/22 Company expectations for the first quarter of fiscal 2023: - Comparable sales to be between a low-single-digit decline and a low-single-digit increase - Operating income margin rate to be 4%–5% - GAAP EPS and adjusted EPS both to be $1.50–$1.90 Company expectations for fiscal 2023: - Comparable sales to be between a low-single-digit decline and a low-single-digit increase - Operating income to grow by more than $1 billion - GAAP EPS and adjusted EPS both to be $7.75–$8.75 Carter's, Inc. Announced 24/02/23 28/10/22 Company expectations for the first quarter of fiscal 2023: - Net sales to be $630–650 million - Adjusted operating income to be $30–40 million - Adjusted diluted earnings per share to be $0.35–$0.55 Company expectations for fiscal 2023: - Net sales to be $3.0 billion - Adjusted operating income to be $350 million - Adjusted diluted earnings per share to be $6.15 - Operating cash flow to be $300 million - Capital expenditures to be $75 million Floor & Decor Holdings, Inc. Announced 23/02/23 3/11/2022 Company expectations for fiscal 2023: - Net sales to be $4.6–4.8 billion - Diluted EPS to be $2.55–$2.85 - Comparable store sales to be (3.0)% to flat - Adjusted EBITDA to be $605–650 million - Depreciation and amortization expense to be $190 million - Interest expense, net to be $17–18 million - Tax rate to be 24% - Diluted weighted average shares outstanding to be 108 million shares - Capital expenditures to be $620 million–675 million - To open 32–35 new warehouse-format stores Bath & Body Works, Inc. Announced 23/02/23 16/11/22 Company expectations for the first quarter of fiscal 2023: - Net sales to decline by a low- to mid-single digit percentage - Earnings from continuing operations per diluted share to be between $0.17–$0.27 Company expectations for fiscal 2023: - Net sales to be from flat to down a mid-single digit percentage - Earnings from continuing operations per diluted share is expected to be between $2.50–$3.00 Gildan Activewear Inc. Announced 22/02/23 23/02/22 Company expectations for fiscal 2023: - Revenue to grow by a low single-digit percentage - Adjusted diluted EPS in line with FY22 - Share repurchases expected to be 5% The TJX Companies, Inc. Announced 22/02/23 16/11/22 Company expectations for the first quarter of fiscal 2024: - Comparable store sales to be up 2%–3% - Pretax profit margin to be 9.2%–9.5% - Diluted earnings per share to be $0.68–$0.71 Company expectations for fiscal 2024: - Comparable store sales to be up 2%–3% - Pretax profit margin to be 10.1%–10.3% - Diluted earnings per share to be $3.39–$3.51 - Pretax margin benefit to be 0.1 percentage point - Diluted earnings per share benefit to be $0.10 - Adjusted pretax profit margin to be 10.0%–10.2% - Adjusted diluted earnings per share to be $3.29–$3.41 Walmart Inc. Announced 21/02/23 25/07/22 Company expectations for the first quarter of fiscal 2024: - Net sales growth to be 4.5%–5.0% - Consolidated operating income growth to be 3.5%–4.0% - Adjusted earnings per share to be $1.25–$1.30 Company expectations for fiscal 2024: - Net sales growth to be 2.5%–3.0% - Walmart US comp sales to be 2.0%–2.5% - Sam’s Club US comp sales to be 5.0% - Walmart International net sales to be 6.0% - Consolidated operating expenses to increase slightly as a percentage of net sales - Consolidated operating income to increase by 3.0% - Net interest expense to Increase by $750 million - Effective tax rate to be 25.5%–26.5% - Noncontrolling interest to be $0.12 - Adjusted earnings per share to be $5.90–$6.05 - Capital expenditures to be flat to slightly up in total dollars The Home Depot, Inc. Announced 21/02/23 15/11/22 Company expectations for fiscal 2023: - Sales growth and comparable sales growth to be flat - Operating margin to be 14.5% - Tax rate to be 24.5% - Diluted earnings per share to decline by mid-single-digit percentage Crocs, Inc. Announced 16/02/23 10/1/2023 Company expectations for the first quarter of fiscal 2023: - Revenues to grow 27%–30% -GAAP diluted earnings per share to be $1.91–$2.04 - Adjusted operating margin to be 24%–25% - Adjusted diluted earnings per share of $2.06–$2.19 Company expectations for fiscal 2023: - Revenue to grow 10%–13%, resulting in full-year revenues of $3.9–$4.0 billion - Revenue of Crocs Brand to grow 6%–8% and 9%–11% in constant currency - Revenue of HEYDUDE Brand to grow by mid-20% on a reported basis -GAAP diluted earnings per share to be $10.54–$10.85 - Non-GAAP adjustments to be $30 million - Adjusted operating margin to be 26.0% - Combined GAAP tax rate to be 24% and non-GAAP effective tax rate to be 20% - Adjusted diluted earnings per share to be $11.00–$11.31 - Capital expenditures to be $165–$180 million Ralph Lauren Corporation Announced 9/2/2023 10/11/2022 Company expectations for fiscal 2023: - Revenues to increase high-single digits, about 8% - Operating margin to be 13.5%–14.0% - Foreign currency to negatively impact operating margin by 180 basis points - Gross margin is expected to be about flat - Foreign currency to negatively impact gross margins by 150 basis points Company expectations for fourth quarter of fiscal 2023: - Revenue to increase mid- to high-single digits - Foreign currency to negatively impact revenue growth by 500 basis points -Operating margin to be 5.5% - Foreign currency to negatively impact operating margin by 160 basis points and gross margin by 140 basis points Tapestry, Inc. Announced 9/2/2023 10/11/2022 Company expectations for fiscal 2023: - Revenue to be approximately $6.6 billion, up 2%–3% from the prior year - Net interest expense to be $30–$35 million - Tax rate of approximately 20% - Weighted average diluted share count to be 242 million shares - Share repurchases to be $700 million - Earnings per diluted share to be $3.70–$3.75 RH Revised 9/2/2023 12/8/2022 Company expectations for fiscal 2022: - Revenue growth to be (3.5)%–(4.5)%, from (3.5)%–(5.5)% previously - Adjusted operating margin to be 21.5%–22.0%, from 21.0%–21.5% previously Under Armour, Inc. Announced 8/2/2023 3/11/2022 Company expectations for fiscal 2023: - Diluted EPS to be $0.71–$0.75 - Revenue growth to be low single-digit % increase on a reported basis, up at a mid-single-digit % on a currency-neutral basis - Gross margin to decline at the higher end of the previously provided 375–425 basis point range - Selling, general & administrative expenses to be down at a low-single-digit % - Operating income to be $270–$290 million - Adjusted operating income to be $290–$310 million - Adjusted diluted EPS to be $0.52–$0.56 - Capital expenditures to be $200 million Capri Holdings Limited Announced 8/2/2023 9/11/2022 Company expectations for fiscal 2023: - Total revenue to be $5.56 billion - Diluted earnings per share to be $6.10 - Operating margin to be 16.0% - Net interest expense and foreign currency gains to be $12 million - Effective tax rate to be 7% - Weighted average diluted shares outstanding to be 134 million For Versace, - Total revenue to be $1.1 billion - Operating margin to be 15% For Jimmy Choo, - Total revenue to be $610 million - Operating margin to be 4% For Michael Kors, - Total revenue to be $3.83 billion Operating margin to be 22% Company expectations for the fourth quarter of fiscal 2023: - Total revenue to be $1.275 billion - Operating margin to be 8.5% - Net interest expense to be $11 million - Effective tax rate to be (20)% - Weighted average diluted shares outstanding to be 126 million - Diluted earnings per share to be $0.90-$0.95 For Versace - Total revenue to be $280 million - Operating margin to be 10% For Jimmy Choo - Total revenue to be $130 million - Operating margin to be (14)% For Michael Kors - Total revenue to be $865 million - Operating margin to be 15% Company expectations for fiscal 2024: - Total revenue to be $5.8 billion - Diluted EPS to be $6.40 - Operating margin to be 16.5% - Effective tax rate to be in the mid-teens For Versace - Total revenue to be $1.25 billion - Operating margin to be in the mid-teens For Jimmy Choo - Total revenue to be $650 million - Operating margin to be in the high-single-digits For Michael Kors - Total revenue to be $3.9 billion - Operating margin to be in the low-20% range CVS Health Corporation Announced 8/2/2023 9/1/2023 Company expectations for fiscal 2023: - GAAP diluted EPS to be $7.73–$7.93 - Adjusted EPS to be $8.70–$8.90 - Cash flow from operations to be $12.5–$13.5 billion V.F. Corporation Announced 7/2/2023 5/12/2022 Company expectations for fiscal 2023: - Revenue to up 3% in constant dollars - Adjusted gross margin to be down 200 basis points - Adjusted operating margin to be 9.5% - Adjusted EPS to be $2.05–$2.15 - Adjusted cash flow from operations to be $0.7 billion - Capital expenditures to be $200 million - Inventory is expected to reduce by $300 million For Vans ® - Revenue to decline by high-single digit % in constant dollars For The North Face ® - Revenue to be up by at least 14% in constant dollars Company expectations for fiscal 2024: - Revenue to be up by at least low-single digit % in constant dollars - Operating earnings to grow by double-digits - Operating cash flow to grow faster than earnings The Clorox Company Revised 2/2/2023 1/11/2022 Company expectations for fiscal 2023: - Net sales to be between (2)%–1%, up from (4)%–2% previously - Organic sales to be between flat to 3%, up from (3)%–3% previously - Diluted EPS to be $3.20–$3.45, a decrease of 14%–8%, up from $3.10–$3.47 previously - Adjusted EPS to be $4.05–$4.30, for (1)%–5% growth, up from $3.85–$4.22 previously Amazon.com, Inc. Announced 2/2/2023 27/10/22 Company expectations for the first quarter of fiscal 2023: - Net sales to be $121.0–$126.0 billion, or to grow by 4%–8% compared with first quarter 2022 - Operating income to be $0–$4.0 billion Hanesbrands Inc. Announced 2/2/2023 12/1/2023 Company expectations for the first quarter of fiscal 2023: - Net sales from continuing operations to be in the range of $1.35–$1.40 billion - GAAP operating profit from continuing operations to be in the range of $39–$59 million - Adjusted operating profit from continuing operations to be in the range of $50–$70 million - Adjusted interest and other expenses to be $65 million - Tax expense to be in the range of $17–$20 million - GAAP loss per share from continuing operations to be in the range of $0.14–$0.09 - Adjusted loss per share from continuing operations to be in the range of $0.09–$0.04 - Fully diluted shares outstanding to be 350 million Company expectations for fiscal 2023: - Net sales from continuing operations to be in the range of $6.05–$6.20 billion - GAAP operating profit from continuing operations to be$446–$496 million - Adjusted operating profit from continuing operations to be $500–$550 million - Adjusted interest and other expenses to be $300 million - Tax expense to be $90–$100 million - GAAP earnings per share from continuing operations to be in the range of $0.14–$0.25 - Adjusted earnings per share from continuing operations to be in the range of $0.31–$0.42 - Cash flow from operations to be $500 million - Capital investments to be $150 million The Estée Lauder Companies Inc. Announced 2/2/2023 2/11/2022 Company expectations for the third quarter of fiscal 2023: - Net sales to decrease by 14%–12% - Organic net sales to decrease by 10%–8% - Diluted net earnings per common share to be $0.32–$0.43 - Diluted net earnings per common share, Eecluding restructuring and other charges to be $0.37–$0.47 - Adjusted diluted earnings per common share to decrease by 79%–73% Company expectations for fiscal 2023: - Net sales to decrease by 7%–5% - Organic net sales to be down 2% to flat - Diluted net earnings per common share to be $4.25–$4.44 - Diluted net earnings per common share, excluding restructuring and other charges to be $4.87–$5.02 - Adjusted diluted earnings per common share to decrease by 29% –27% Colgate-Palmolive Company Announced 27/01/23 28/10/22 Company expectations for fiscal 2023: - Net sales growth to be 2%–5% - Organic sales growth to be toward the high-end of the 3%–5% range - On a GAAP basis, the company expects its gross profit margin to grow due to increased advertising investment and double-digit earnings-per-share growth. - On a non-GAAP basis, the company expects its gross profit margin to grow due to increased advertising investment and low- to mid-single-digit earnings-per-share growth. Tractor Supply Company Announced 26/01/23 20/10/22 Company expectations for fiscal 2023: - Net sales to be $15.0–15.3 billion - Net income to be $1.1–1.2 billion - Earnings per diluted share to be $10.30–$10.60 - Comparable store sales to increase by 3.5%–5.5% - Operating margin rate to be 10.1%–10.3% - Capital expenditures to be $700–775 million - Share repurchases to be $575–675 million Levi Strauss & Co. Announced 25/01/23 6/10/2022 Company expectations for fiscal 2023: - Net revenue to be $6.3–6.4 billion, reflecting reported revenue growth of 1.5%–3% year-over-year - Adjusted diluted EPS to be $1.30–$1.40 Kimberly-Clark Corporation Announced 25/01/23 25/10/22 Company expectations for fiscal 2023: - Net sales to increase by 0%–2% - Organic sales growth to be 2%–4% - Foreign currency exchange rates to be 2% - Operating profit to be up mid- to high single digits - Diluted earnings per share to be 2%–6% - Effective tax rate to be 23%–25% - Dividend to increase by 1.7% to $1.18 per share Nordstrom, Inc. Announced 19/01/23 22/11/22 Company expectations for fiscal 2023: - EPS to be $1.33–$1.53 - Adjusted EPS to be $1.50–$1.70 - Net earnings as a % of net sales to be 1.4%–1.6%. - Revenue growth to be 5%–7% - EBIT to be 2.8%–3.1% - Adjusted EBIT margin to be of 3.1%–3.3% The Procter & Gamble Company Revised 19/01/23 19/10/22 Company expectations for fiscal 2023: -Sales to be down from 1% to in-line, from down 3%–1% previously -Organic sales growth to be 4%–5%, from 3%–5% previously -Diluted EPS growth to be in line to up 4% versus EPS of $5.81 in fiscal 2022 Burberry Group plc Revised 18/01/23 15/07/22 Company expectations for fiscal 2022: - Revenue to be £160 ($197.71) million, from £170 ($210.07) million previously. Hanesbrands Inc. Announced 12/1/2023 9/11/2022 Company expectations for the fourth quarter of fiscal 2022: - Net sales to be slightly above the top end of its outlook range - Adjusted operating profit to be at the midpoint of the range ASOS Plc Announced 12/1/2023 11/10/2021 Company expectations for fiscal 2023: -The free cash flow of (£100 million) - £0 million to remain unchanged. -Adjusted gross margin, cash, and undrawn facilities to be fairly similar to P1 FY23 in the first half of FY23. -First half of FY23 to have a loss due to normal profit phasing, headwinds from inflation and annualization of high return rates. These headwinds are expected to persist into H2 FY23. Crocs, Inc. Announced 10/1/2023 3/11/2022 Company expectations for the fourth quarter of fiscal 2022: - Revenue to grow approximately 60% compared to 2021 Company expectations for fiscal 2022: - Revenues to be approximately $3.55 billion, representing growth of 53% compared to 2021. -Non-GAAP operating margin to be approximately 27% Company expectations for fiscal 2023: -Revenues to be $3.9–4.0 billion, representing growth of 10%–13% compared to 2022 Lululemon Athletica Inc. Revised 9/1/2023 12/8/2022 Company expectations for the fourth quarter of fiscal 2022: -Net revenue to be $2,660–$2,700 million, from $2,605–$2,655 million previously -Diluted earnings per share to be $4.22–$4.27, from $4.20–$4.30 previously. CVS Health Corporation Revised 9/1/2023 2/11/2022 Company expectations for fiscal 2022: - Revenue to exceed previous guidance of $309–$314 billion Macy's, Inc. Revised 6/1/2023 17/11/22 Company expectations for the fourth quarter of fiscal 2022: -Net sales will be at the low to mid-point of $8.2–$8.4 billion - Adjusted diluted EPS to be $1.47–$1.67, as per previous guidance NEXT plc Announced 5/1/2023 2/11/2022 Company expectations for fiscal 2023: -Full-year full-price sales to be £4.6 billion ($5.47 billion) -Group profit before tax to be £860 million ($1.0 billion) -EPS to be £5.67 ($6.75) Company expectations for fiscal 2024: -Full-year full-price sales to be £4.5 billion ($5.36 billion) -Group profit before tax to be £795.0 million ($946.3 million) -Pre-tax EPS to be £6.59 ($7.84) -Effective tax rate to be 24.0% -Post-tax EPS to be £5.01 ($5.96) Walgreens Boots Alliance, Inc. Announced 5/1/2023 31/03/21 Company expectations for fiscal 2023: -Adjusted EPS to be $4.45–$4.65 -Sales to be $133.5–137.5 billion, reflecting the Summit Health acquisition, currency rates and first-quarter sales ahead of expectations -Summit Health has raised its sales target for fiscal 2025 to $14.5–16.0 billion, up from $11–12.0 billion previously, with positive adjusted EBITDA for the healthcare segment by the end of fiscal 2023. -Long-term growth strategy of low-teens adjusted EPS growth in fiscal 2025 and beyond RH Revised 8/12/2022 8/9/2022 Company expectations for fiscal 2022: -Net revenue growth to be (3.5)%–(4.5)%, from (3.5)%–(5.5)% previously -Adjusted operating margin to be 21.5%–22.0%, from 21.0%–21.5% previously Lululemon Athletica Inc. Announced 8/12/2022 2/6/2022 Company expectations for the fourth quarter of fiscal 2022: -Net revenue to be $2.61–$2.66 billion -Diluted earnings per share to be $4.20–$4.30 -Company expectations for fiscal 2022: -Net revenue to be $7.94–7.99 billion -Diluted earnings per share to be $9.94–$10.04 -Adjusted diluted earnings per share to be $9.87–$9.97 Academy Sports and Outdoors, Inc. Revised 7/12/2022 7/9/2022 Company expectations for fiscal 2022: -Net sales to be $6.43–$6.49 billion, from $6.43–$6.63 billion previously -Comparable sales to be (6.0)%–(5.0)%, from (6.0)%–(3.0)% previously -Gross margin to be 34.0%–34.5%, from 33.0%–33.5% previously -GAAP income before taxes to be $790.0–$810.0 ,from $725.0–$805.0 previously -GAAP net income to be $610–$620 million, from $550–$615 million previously -Diluted GAAP earnings per common share to be $7.25–$7.40, from $6.50–$7.25 previously -Diluted adjusted earnings per common share to be $7.50–$7.65, from $6.75–$7.50 previously -Diluted weighted average common shares outstanding to be 84.0, from 85.0 previously Signet Jewelers Limited Announced 6/12/2022 1/9/2022 Company expectations for the fourth quarter of fiscal 2023: -Total sales to be $2.59–$2.66 billion -Operating income to be $363–$404 million Company expectations for fiscal 2023: -Total sales to be $7.77–$7.84 billion -Operating income to be $809–$850 million -Diluted EPS to be $11.40–$12.00 V.F. Corporation Revised 5/12/2022 26/10/22 Company expectations for the second half of fiscal 2023: - Total revenue growth to be slightly lower than previous guidance Company expectations for fiscal 2023: - Revenue to be 3%–4%, lower than previous guidance of 5%–6% - Adjusted diluted EPS to be $2.00–$2.20, down from $2.40–$2.50 previously Ulta Beauty, Inc. Announced 1/12/2022 8/25/2022 Company expectations for fiscal 2023: -Diluted earnings per share to be $22.60–$22.90 -Operating margins to be 15.5%–15.6% of sales Dollar General Corporation Announced 1/12/2022 8/25/2022 Company expectations for the fourth quarter of fiscal 2022: -Same-store sales growth to be 6%–7% -Diluted EPS to be $3.15–$3.30 Dollar General Corporation Revised 1/12/2022 8/25/2022 Company expectations for fiscal 2022: -Same-store sales to be at the upper end of the previous guidance of 4.0%–4.5% -Diluted EPS to grow 7%–8%, compared to the previous range of 12%–14% -Net sales to be 11% The Kroger Co. Revised 1/12/2022 6/16/2022 Company expectations for full-year fiscal 2022: -Adjusted identical sales to be 5.1%–5.3% -Adjusted EPS to be $4.05–$4.15 -Operating Profit $4.8–4.9 billion -Tax rate to be 22.0% -Capital Expenditure to be $3.2–3.4 billion -Free Cash Flow to be $2.3–2.5 billion Ulta Beauty, Inc. Revised 1/12/2022 8/25/2022 Company expectations for full-year fiscal 2022: -Net sales to be $9.95–$10.00 billion, up from $9.65–$9.75 billion -Comparable sales to be 12.6%–13.2%, up from 9.5%–10.5% -New stores opening to be 47, down from previous guidance of 50 -Remodel and relocation projects to be 35, up from 33 -Operating margin to be 15.5%–15.6%, up from 14.6%–14.8% -Diluted earnings per share to be $22.60–$22.90, up from $20.70–$21.20 previously -Capital expenditures to be $300–350 million, down from $350–400 million Five Below, Inc. Announced 30/11/22 8/31/2022 Company expectations for the fourth quarter of fiscal 2022: -Net sales to be $1,085–1,110 million -Net income to be $164–173 million -Diluted income per common share to be $2.93–$3.09 -Open 48 net new stores Company expectations for full-year fiscal 2022: -Net sales to be $3,038–3,063 million -Net income to be $254–263 million -Diluted income per common share to be $4.55–$4.71 -Open 150 new stores PVH Corp. Announced 30/11/22 8/30/2022 Company expectations for full-year fiscal 2022: -Revenue to decrease by 3% -EPS on a GAAP basis to be $1.37 and on a non-GAAP basis to be $8.25 -Interest expense to be $85 million -Effective tax rate to be 64% on a GAAP basis and 24% on a non-GAAP basis Company expectations for the fourth quarter of fiscal 2022: -Revenue to decrease by 4% -EPS on a GAAP basis to be $0.45 and on a non-GAAP basis to be $1.65 -Interest expense to be flat -Effective tax rate to be 80% on a GAAP basis and 25% on a non-GAAP basis Petco Health and Wellness Company, Inc. Revised 30/11/22 8/24/2022 Company expectation for full-year fiscal 2022: -Adjusted EPS to be $0.75–$0.79, down from the previous guidance of $0.77–$0.81 American Eagle Outfitters, Inc. Announced 22/11/22 7/9/2022 Company expectations for the fourth quarter of fiscal 2022: -Revenues to be down by mid-single digits -Gross margin to be 32%–33% Burlington Stores, Inc. Announced 22/11/22 8/25/2022 Company expectations for the fourth quarter of fiscal 2022: -Comparable store sales to be (9)%–6% -Adjusted EBIT margins to be flat to up 70 basis points in comparison to the previous year -Adjusted EPS to be $2.45–$2.75 Company expectations for full-year fiscal 2022: -Comparable store sales to be (15)%–(14)% -To open 87 net new stores -Adjusted EBIT margin to be down by 400 basis points to 370 basis points compared to last year -Net interest expenses to be $63 million -Tax rate to be 25% -Adjusted EPS to be $3.77–$4.07 Best Buy Co., Inc. Announced 22/11/22 8/30/2022 Company expectations for fiscal 2023: -Comparable sales to decline by around 10% -Adjusted operating income rate to be slightly greater than 4% Dollar Tree, Inc. Revised 22/11/22 8/25/2022 Company expectations for fiscal 2022: -Consolidated net sales to be $28.14–28.28 billion -Comparable store sales to increase in the mid-single-digit range, comprising a high-single-digit increase for the Dollar Tree segment and a low-single-digit increase in the Family Dollar segment -Selling square footage to grow by approximately 2.8% Dollar Tree, Inc. Announced 22/11/22 8/25/2022 Company expectations for fourth quarter of fiscal 2022: -Net sales to be $7.54–7.68 billion DICK's Sporting Goods, Inc. Revised 22/11/22 8/23/2022 Company expectations for fiscal 2022: -Comparable store sales to be (3.0)%–(1.5)%, up from previous guidance of (6.0)%–(2.0)% -EPS to be $10.50–$11.10, up from previous guidance of $8.85–$10.55 -Non-GAAP EPS to be $11.50–$12.10, up from previous guidance of $10.00–$12.00 Nordstrom, Inc. Announced 22/11/22 23/08/22 Company reaffirmed sales guidance for fiscal 2022: -Revenue growth to be 5%–7% -EBIT margin, as percentage of sales, to be 4.1%–4.4% -Adjusted EBIT margin to be 4.3%–4.7% -Income tax rate to be 27% -EPS to be $2.13–$2.43 -Adjusted EPS to be $2.30–$2.60 -Leverage ratio to be below 2.9 times by year-end Guess?, Inc. Announced 22/11/22 8/24/2022 Company expectations for the fourth quarter of fiscal 2023: -Revenues to be down 3.5% -GAAP diluted EPS to be $1.09 -GAAP operating margin to be 13.2% -Adjusted diluted EPS to be $2.35 Company expectations for full-year fiscal 2023: -Revenues to be up 2.0% -GAAP diluted EPS to be $1.82 -GAAP operating margin to be 9.3% -Adjusted diluted EPS to be $1.32 Foot Locker, Inc. Revised 18/11/22 8/19/2022 Company expectations for full-year fiscal 2022: -Total sales to be 4.0%–5.0%, down from 6.0%–7.0% previously -Comp sales to be 4.0%–5.0%, down from 8.0%–9.0% previously -Square footage to be slightly lower than versus previous guidance of down 1.0%–2.0% -Gross margin to be 31.7%–31.8%, up from 31.1%–31.2% previously -SG&A rate to be 22.0%, up from 21.3%–21.4% previously -D&A to be $210.0 million, down from $213.0 million previously -Interest to be $17.0 million, down from $20.0 million previously -Tax rate to be 30.7%, up from 30.0%–30.5% previously -Non-GAAP EPS to be $4.42–$4.50, up from $4.25–$4.45 previously Foot Locker, Inc. Announced 18/11/22 8/19/2022 Company expectations for the fourth quarter of fiscal 2022: -Total sales to be 8.0%–10.0% -Comp sales to be 6.0%–8.0% -Square footage to be slightly down -Gross margin to be 29.0%–29.3% -SG&A rate to be 23.3%–23.4% -D&A to be $53.0 million -Interest to be $4.0 million -Tax rate to be 32.5% -Non-GAAP EPS to be $0.45–$0.53 Williams-Sonoma, Inc. Announced 17/11/22 8/24/2022 Company expectations for full-year fiscal 2022: -Net revenue growth to be in mid- to high-single-digit range -Operating margins to be in line with fiscal 2021 operating margins Ross Stores, Inc. Revised 17/11/22 8/18/2022 Company expectations for the fourth quarter of fiscal 2022: -Same-store sales to be flat to down 2%, down from 4%–7% growth previously -EPS to be $1.13–$1.26, up from $1.04–$1.21 previously Company expectations for full-year fiscal 2022: -EPS to be $4.21–$4.34, up from $3.84–$4.12 previously Macy's, Inc. Announced 17/11/22 23/08/22 Company reaffirmed sales guidance for fiscal 2022: -Net sales to be $24.3–24.6 billion -Adjusted EBITDA as a percent of sales to be 10.5% -Adjusted diluted earnings per share to be $4.07–$4.27, up from its previous guidance of $4.00–$4.20 BJ's Wholesale Club Holdings, Inc. Announced 17/11/22 18/08/22 Company expectations for fiscal 2022: -Comparable club sales growth to be 5.0%–5.5% -EPS to be $3.70–$3.80 Bath & Body Works, Inc. Announced 16/11/22 17/08/22 Company expectations for the fourth quarter of fiscal 2022: -Earnings per diluted share to be $1.45–$1.65 Bath & Body Works, Inc. Revised 16/11/22 17/08/22 Company expectations for fiscal 2022: -Earnings per diluted share to be $3.00–$3.20, from $2.70–$3.00 previously The TJX Companies, Inc. Announced 16/11/22 17/08/22 Company expectations for fiscal 2023: -Pretax profit margin to be 9.3%–9.4% -Adjusted pretax profit margin to be 9.8%–9.9% -Diluted earnings per share to be $2.93–$2.97 -Adjusted diluted earnings per share to be $3.07–$3.11 -US comparable store sales to decrease by 1.0%–2.0% Company expectations for the fourth quarter of fiscal 2023: -Pretax profit margin to be 9.5%–9.8% -Diluted earnings per share to be $0.85–$0.89 -US comparable store sales from flat to up 1.0% Target Corporation Announced 16/11/22 17/08/22 Company expectations for fourth quarter of fiscal 2022: -Fourth quarter to have a wide range of sales -Comparable sales to decline around low single digit -Operating margin rate to have a wide range which is centered around 3.0% Lowe's Companies, Inc. Announced 16/11/22 17/08/22 Company expectations for fiscal 2022: -Total sales to be $97.0–98.0 billion -Total sales growth to be 0.7%–1.8% -Comparable sales to be flat to down (1.0)% compared to the prior year -Gross margin rate to be up slightly compared to the prior year -Depreciation and amortization to be $1.8 billion -Adjusted operating income as a percentage of sales (operating margin) to be 13.0% -Interest expense to be $1.1–1.2 billion -Adjusted effective income tax rate to be 25% -Adjusted diluted earnings per share to be $13.65–$13.80, up from its previous guidance of $13.10–$13.60 -Total share repurchases to be $13.0 billion, up from its prior guidance of $12.0 billion -Adjusted ROIC to be over 37.0% -Capital expenditure to be $2.0 billion The Home Depot, Inc. Announced 15/11/22 16/08/22 Company expectations for fiscal 2022: -Comparable sales to grow by 3% -Operating margin to be 15.4% -Net interest expenses to be $1.6 billion -Tax rate to be 24.6% -Diluted earnings-per-share-percent-growth to be in the mid-single digits Ralph Lauren Corporation Announced 10/11/2022 9/8/2022 Company expectations for fiscal 2023: -Revenues to increase in the high single digits compared to last year, or about 8% -Operating margin to be at the end of its previous range of 14.0%–14.5% -The gross margin to increase by 30 to 50 basis points Company expectations for the third quarter of fiscal 2023: -Revenue to rise by low- to mid-single digits in constant currency compared to last year -Operating margin to be in the 17.3%–17.8% range -Gross margin to decrease 170 basis points Tapestry, Inc Announced 10/11/2022 18/08/22 Company expectations for fiscal 2023: -Revenue to be $6.5–6.6 billion -Revenue growth to be 2%–4% in constant currency -Net interest to be $30–35 million -Tax rate to be 20% -Earnings per diluted share to be $3.60 –$3.70, representing mid-single-digit growth compared to the prior year and including a currency headwind of about $0.50 Hanesbrands Inc. Announced 9/11/2022 11/8/2022 Company expectations for the fourth quarter of fiscal 2022: -Net sales to be $1.40–1.45 billion, representing a 19% decline in comparison to the prior year at the midpoint -GAAP operating profit to be $53–$83 million -Adjusted operating profit to be $70–100 million -Interest and other expenses to be $54 million -Tax rate to be 17% on both a GAAP and an adjusted basis -GAAP earnings per share from continuing operations to be $0.00–$0.07 -Adjusted earnings per share from continuing operations to be $0.04–$0.11 Company expectations for fiscal 2022: -Net sales to be $6.16–$6.21, representing a 6% decline -GAAP operating profit from continuing operations to be $512–542 million -Adjusted operating profit from continuing operations to be $567–597 million -Interest and other expenses to be $167 million -Tax rate to be 17% on both a GAAP and adjusted basis -GAAP earnings per share from continuing operations to be $0.82–$0.89 -Adjusted earnings per share from continuing operations to be $0.95–$1.02 -Capital expenditure to be $90 million -Fully diluted shares outstanding to be $351 million Capri Holdings Limited Announced 9/11/2022 9/8/2022 Company expectations for the third quarter of fiscal 2023: -Total revenue to be $1.53 billion -Operating margin to be 20.5% -Net interest expense to be $6 million -Effective tax rate to be 5% -Weighted average diluted shares outstanding to be $133 million -Diluted earnings per share to be $2.20 For Versace -Total revenue to be $240 million -Operating margin to be in the high-single-digit range For Jimmy Choo -Total revenue to be $180 million -Operating margin to be in the high-single-digit range For Michael Kors -Total revenue to be $1.11 billion -Operating margin to be in the mid-to-high 20% range Company expectations for the fourth quarter of fiscal 2023: -Revenue to be $1.40 billion -Adjusted operating margin to be 14.0% -Adjusted EPS to be $1.35 Company expectations for fiscal 2023: -Total revenue to be $5.7 billion -Gross margin expansion to be 50 basis points -Operating margin to be 18.3% -Net interest expense to be $6 million -Effective tax rate to be 10% -Weighted average diluted shares outstanding to be $136 million -Diluted earnings per share to be $6.85 -Ending inventory to be below prior year For Versace: -Total revenue to be $1.15 billion -Operating margin to be 16% For Jimmy Choo: -Total revenue to be $640 million -Operating margin to be 5% For Michael Kors: -Total revenue to be $3.91 billion -Operating margin to be 25% Kohl's Withdrawn 8/11/2022 8/11/2022 Company did not provide guidance for the fourth quarter and also withdrew its prior full-year 2022 guidance due to volatility in business trends, macroeconomic headwinds and its CEO transition. Sprouts Farmers Market, Inc. Announced 8/11/2022 3/8/2022 Company expectations for fiscal 2022: -Net sales growth to be 4.5%–5.0% -Comparable store sales growth to be 2.0% -Adjusted diluted earnings per share to be $2.32–$2.36 -Plans to open 16 new stores -Capital expenditure to be $120–135 million Company expectations for the fourth quarter of fiscal 2022: -Comparable store sales growth to be 2.0% -Adjusted diluted earnings per share to be $0.35–$0.39 Kohl's Corporation Announced 8/11/2022 18/08/22 Company expectations for third quarter of fiscal 2022: -Comparable sales to decrease by 6.9% -Net sales to decrease by 7.2% -Operating margin to be 4.7% -Diluted earnings per share to be $0.82 Coty Inc. Announced 8/11/2022 13/06/22 Company's continued guidance for fiscal 2023: -Revenue to grow 6%–8% on like-for-like basis -Sales to be negatively impacted by 2%, due to the exit from Russia -FX headwinds on revenues to be 6%–8% -Adjusted EPS growth to be in the mid-teens to $0.32–0.33 -Adjusted EBITDA to be $955–965million Associated British Foods plc Announced 8/11/2022 8/9/2022 Company did not provide financial guidance for fiscal 2023 but expects: -Sales to see significant growth in the group -Adjusted operating profit and adjusted earnings per share to be lower than the previous financial year -Primark's adjusted operating profit margin to be lower than 8% Floor & Decor Holdings, Inc. Announced 3/11/2022 4/8/2022 Company expectations for fiscal 2022: -Net sales to be $4,250–$4,285 million -Comparable store sales growth to be 9%–10% -Diluted EPS to be $2.65–$2.75 -Adjusted EBITDA to be $565–$575 million -Depreciation and amortization expense to be $153 million -Interest expense, net of $11 million -Tax rate to be 24%, excluding tax benefits -Diluted weighted average shares to be 107.5 million shares -Capital expenditures to be $445–$465 million Crocs, Inc. Announced 3/11/2022 4/8/2022 Company expectations for fiscal 2023: -Revenues to be $3.455–3.520 billion, representing an increase of 49%–52% -Revenues for the Crocs brand to be $2.605–2.630 billion, representing growth of 17% on a constant currency basis and 13% on a reported basis -HEYDUDE brand revenue to be $850–890 million on a reported basis, implying $940–$980 million, including the period of time before the closing of the acquisition -Adjusted operating income to be $920–$950 million -Adjusted operating margin to be 27% -GAAP tax rate to be 25% and non-GAAP effective tax rate to be 21% -Adjusted diluted earnings per share to be $9.95–$10.30 -Capital expenditures to be $150–$170 million Under Armour, Inc. Revised 3/11/2022 3/8/2022 Company expectations for fiscal 2023: -Revenue to grow at a low-single-digit percentage rate, from 5%–7% previously -Gross margin to be down by 375-425 basis points -Operating income to be $270–290 million, down from $300–325 million previously -Adjusted operating income to be $290–310 million, down from $310–335 million previously -Diluted earnings per share to be $0.56–$0.60, down from $0.61–$0.67 previously -Adjusted diluted earnings per share to be $0.44–$0.48, from $0.47–$0.53 previously The Estée Lauder Companies Inc. Announced 2/11/2022 18/08/22 Company expectations for fiscal 2023: -Net sales to decrease by 8%–6% -Organic net sales to be flat up to an increase by 2% -Diluted net earnings per common share to be $5.01–$5.21 -Diluted net earnings per common share to be $5.25–$5.40, excluding restructuring and other charges -Adjusted diluted earnings per common share are to decrease by 21%–19% Company expectations for the second quarter of fiscal 2023: -Net sales to decline by 19%–17% -Organic net sales to decline by 11%–9% -Diluted net earnings per common share to be $1.14–$1.26 -Diluted net earnings per common share to be $1.19–$1.29, excluding restructuring and other charges -Adjusted diluted earnings per common share are to decrease by 50%–54% CVS Health Corporation Revised 2/11/2022 3/8/2022 Company expectations for fiscal 2022: -GAAP diluted EPS to be in the range of $3.12–$3.22, from $7.23–$7.43 previously - Adjusted EPS to be in the range of $8.55–$8.65, from $8.40–$8.60 previously -Cash flow from operations to be in the range of $13.5–14.5 billion, from $12.5–$13.5 billion previously The Clorox Company Announced 1/11/2022 3/8/2022 Company expectations for fiscal 2023: -Net sales to be in the range of (4)%–2% -Organic sales to be in the range of (3)%–3% -Gross margin to increase by about 200 basis points -Selling and administrative expenses to be 15%–16% of net sales -Effective tax rate to be 24% -Diluted EPS to be $3.10–$3.47, a decrease of 17%–7% -Adjusted EPS to be $3.85–$4.22, a decrease of 6% to an increase of 3% Herbalife Nutrition Ltd. Withdrawn 31/10/22 2/8/2022 Colgate-Palmolive Company Announced 28/10/22 29/07/22 Company expectations for fiscal 2022: -Net sales growth to be 1%–4% -Organic sales growth to be in the range of 6%–7%, from 5%–7% previously -The gross profit margin will decrease on both a GAAP basis and a non-GAAP basis -Earnings per share to decline 7% to 8% Carter's, Inc. Announced 28/10/22 25/02/22 Company expectations for fiscal 2022: -Net sales to be $3.145–3.185 billion -Adjusted operating income to be $355–$385 million -Adjusted diluted earnings per share to be $6.05–$6.65 Company expectations for the fourth quarter of fiscal 2022: -Net sales to be $845–885 million -Adjusted operating income to be $85–115 million -Adjusted diluted earnings per share to be in the range of $1.40–$2.00 Amazon.com, Inc. Announced 27/10/22 28/07/22 Company expectations for the fourth quarter of fiscal 2022: -Net sales to be $140.0–$148.0 billion, or to grow between 2%–8% compared to the fourth quarter of 2021 -Operating income to be in the range of $0–$4 billion Columbia Sportswear Company Announced 27/10/22 27/07/22 Company expectations for fiscal 2022: -Net sales to be $3.44–3.50 billion, representing net sales growth of 10%–12% compared to 2021 -Operating income to be $410–443 million representing operating margin of 11.9%–12.7% -Diluted earnings per share to be $5.00–$5.40 -Gross margin to contract 250–220 basis points -SG&A expense, as a percent of net sales, to be 37.4%–37.8% -Net income to be $315–$340 million -Diluted earnings per share to be $5.00–$5.40 Company expectations for the fourth quarter of fiscal 2022: -Net sales to be $1.14–$1.21 billion -Diluted earnings per share to be $2.07–$2.47 Deckers Outdoor Corporation Announced 27/10/22 28/07/22 Company expectations for fiscal 2023: -Net sales to be $3.45–$3.50 billion -Gross margin to be approximately 50.5% -SG&A expenses as a percentage of sales to be approximately 33% -Operating margin to be in the range of 17.5%–18.0% -Effective tax rate to be approximately 22% -Diluted earnings per share to be in the range of $17.50–$18.35 V.F. Corporation Revised 26/10/22 28/09/22 Company expectations for fiscal 2023: -Total revenue to be up 5%–6% -Adjusted gross margin to be down 100–150 basis points, from 50 basis points previously -Adjusted operating margin to be 11.0%, from 12.0% previously -Adjusted EPS to be $2.40–$2.50, from $2.60–$2.70 previously -Adjusted cash flow from operations to be $0.9 billion, from $1.0 billion previously -Capital expenditures to be $230 million, from $240 million previously Skechers U.S.A., Inc. Announced 25/10/22 26/07/22 Company expectations for the fourth quarter of fiscal 2022: -Sales to be $1.725–1.775 billion -Diluted EPS to be $0.30–$0.40 Kimberly-Clark Corporation Revised 25/10/22 26/07/22 Company expectations for fiscal 2022: -Net sales to grow 2%–4% -Adjusted effective tax rate to be 22%–23%, from 22–24% previously -Organic sales growth to be 5%–7% -Adjusted earnings per share to be $5.60–$6.00 -Capital spending to be $0.9–1.0 billion, down from $1.0–1.1 billion previously adidas AG Revised 21/10/22 26/07/22 Company expectations for fiscal 2022: -Gross margin to be 47.5% for the year, down from 49% -Operating margin to be around 4%, down from 7% Tractor Supply Company Revised 20/10/22 21/07/22 Company expectations for fiscal 2022: -Net sales to be $14.06–14.12 billion, up from previous guidance of $13.95–14.05 billion -Comparable store sales to be 5.4%–5.8%, up from previous guidance of 5.2%–5.8% -Operating margin rate to be 10.10%–10.15%, up from previous guidance of 10.2% -Net income to be $1.07–1.08 billion, up from previous guidance of $1.065–1.085 billion -Earnings per diluted share to be $9.55–$9.63, up from previous guidance of $9.48–$9.60 -Capital expenditures to be $650– 700 million, including the opening of approximately 60–70 new Tractor Supply stores and 10 Petsense stores The Procter & Gamble Company Announced 19/10/22 29/07/22 Company expectations for fiscal 2023: -Sales to be down from 3%–1% -Organic sales growth to be 3%–5% -Diluted EPS growth to be in line to up 4% versus EPS of $5.81 in fiscal 2022 Levi Strauss & Co. Announced 6/10/2022 7/7/2022 Company expectations for fiscal 2022: -Net revenues to grow 6.7%–7.0%, representing 11.5%–12% on a constant currency basis -Adjusted diluted EPS to be $1.44–$1.49 NIKE, Inc Announced 29/09/22 27/06/22 Company expectations for the second quarter of fiscal 2023: -Revenue growth to be in the low double digits -Gross margins to decline by 350–400 basis points versus the prior year V.F. Corporation Announced 28/09/22 28/07/22 Company expectations for the second quarter of fiscal 2023: -Revenue to be up by a low-single digit -Adjusted EPS to be $0.70–$0.75 Company expectations for fiscal 2023: -Total revenue to be up 5%–6% versus the previous outlook of 7% -Adjusted gross margin to be down approximately 50 basis points versus the previous outlook of up slightly -Adjusted operating margin to be 12% versus the previous outlook of 13.2% -Adjusted EPS to be $2.60 –$2.70 -Adjusted cash flow from operations to be $1.0 billion -Capital expenditures to be $240 million RH Announced 8/9/2022 29/06/22 Company expectations for the third quarter of fiscal 2022: -Net revenue growth to be (15)%–(18)% -Adjusted operating margin to be 18.5%–19.0% Company expectations for fiscal 2022: -Net revenue growth to be (3.5)%–(5.5)% -Adjusted operating margin to be 21.0%–21.5% Associated British Foods plc Announced 8/9/2022 25/02/21 Company expectations for fiscal 2023: -Total sales to be around £7.7 billion ($8.96 billion), 40% higher than reported sales last year and 44% higher when adjusted to a comparable 52-week basis. -Primark adjusted operating profit margin to be 9.6% in the first half and 8.0% in the second half Company expectations for the fourth quarter -Total sales to be 7% higher than last year, adjusted to a comparable 52-week basis, due to increased selling space and 6% year-over-year like-for-like sales growth -Like-for-like sales to be 9% lower than in the pre-Covid-19 period American Eagle Outfitters, Inc. Announced 7/9/2022 26/05/22 Company expectations for the third quarter of fiscal 2022: -Revenues to decline by high single digits -Gross margin to be in the mid-30s Company expectations for the fourth quarter of fiscal 2022: -Gross margin to be in the low-30s Academy Sports and Outdoors, Inc Revised 7/9/2022 7/6/2022 Company expectations for fiscal 2022: -Net sales to be $6,430–6,630 million as expected previously -Comparable sales to be (6.0)%–(3.0)% as expected previously -Gross margin to be 33.0%–33.5% as expected previously -GAAP income before taxes to be $725.0–$805.0 as expected previously -GAAP net income to be $550.0–$615.0 million as expected previously -Diluted GAAP Earnings per Common Share to be $6.50–$7.25 from previous guidance of $6.30–$7.00 -Diluted Adjusted Earnings per Common Share to be $6.75–$7.50 from previous guidance of $6.55–$7.25 -Diluted Weighted Average Common Shares Outstanding to be 85.0 from previous guidance of 88.0 Lululemon Athletica Inc Announced 1/9/2022 2/6/2022 Company expectations for the third quarter of fiscal 2022: -Net revenue to be in the $1.780–1.805 billion, representing a three-year CAGR of about 25% -Diluted EPS to be in the $1.90–1.95 range Company expectations for fiscal 2022: -Net revenue to be in the $7.865 billion to 7.940 billion range, representing a three-year CAGR of about 26% -Diluted EPS to be in the $9.82–9.97 range -Adjusted diluted earnings per share to be in the $9.75–9.90 range Five Below, Inc Announced 31/08/22 8/6/2022 Company expectations for the third quarter of fiscal 2022: -Net sales are to be in the $600–619 million range, with approximately 45 new stores opening -Comparable sales to decline by 7%–9% -Net income to be $4–11 million -Diluted EPS to be $0.08–0.19 Company expectations for fiscal 2022: -Net sales to be $2.97 –3.02 billion, with approximately 160 new stores opening -Comparable sales to decline by 3%–5% Net income to be in the $238–255 million range -Diluted EPS to be $4.26–4.56 PVH Corp Announced 30/08/22 1/6/2022 Company expectations for fiscal 2022: -Revenue to decrease by 4%–3% -Operating margin to be approximately 9% -EPS on a non-GAAP basis to be approximately $8.00 Company expectations for the third quarter of fiscal 2022: -Revenue to decrease by 4%–5% reflecting a 2% reduction due to the impact of the war in Ukraine -EPS to be $2.10–$2.15 Best Buy Co., Inc. Announced 30/08/22 27/07/22 Company expectations for fiscal 2023: -Sales to decline by around 11% -Non-GAAP operating income rate to be 4% Company expectations for the third quarter of fiscal 2023: -Non-GAAP operating income rate to be similar to or slightly higher than the 4.1% rate reported in the second quarter of fiscal 2023 -Comparable sales to decline slightly more than the 12.1% reported for the second quarter of fiscal 2023 Ulta Beauty, Inc. Revised 25/08/22 26/05/22 Company expectations for fiscal 2022: -Net sales to be $9.65–$9.75 billion, up from previous guidance of $9.35–$9.55 billion -Comparable sales to be 9.5%–10.5%, up from previous guidance of 6%–8% -Operating margin to be 14.6%–14.8%, up from previous guidance of 14.1%–14.4% -Diluted earnings per share to be $20.70–$21.20, up from previous guidance of $19.20–$20.10 -Capital expenditures to be $350–$400 million, down from previous guidance of $375–$425 million -Depreciation and amortisation expense to be approximately $250 million, down from previous guidance of $250–$255 million Dollar Tree, Inc Announced 25/08/22 26/05/22 Company expectations for the third quarter of fiscal 2022: - Net sales to be $27.85–$28.10 billion -Comparable store sales to increase by mid-single digits, with the Dollar Tree segment increasing by high single digits and the Family Dollar segment increasing by single digits - Selling square footage to increase by 3.5% -Diluted earnings per share to be $7.10–$7.40, representing a 25.0% year-over-year increase -Consolidated net sales to be $6.75–$6.87 billion -Earnings per share diluted to be $1.05–$1.20 Burlington Stores, Inc. Announced 25/08/22 26/05/22 Company expectations for the third quarter of fiscal 2022: -Comparable store sales to decline by 18%–15%, resulting in a three-year geometric comparable store sales stack of 4%–1% -Adjusted EBIT margin to be down 360–260 basis points from last year -Tax rate to be 25% -Adjusted earnings per share to be $0.36–$0.66 Company expectations for fiscal 2022: -Comparable store sales to decline by 15%–13% -Capital expenditures to be $640 million -90 net new stores will be opened in Fiscal 2022 -Depreciation and amortisation to be $280 million -Adjusted EBIT margin to be 410–360 basis points lower than last year. -Net interest expense to be $61 million -Adjusted EPS to be $3.70–$4.30, up from $6.00 on a GAAP basis and $8.41 on a non-GAAP basis last year Dollar General Corporation Revised 25/08/22 26/05/22 Company expectations for fiscal 2022: -Net sales growth to be 11%, up from the previous guidance of 10.0%–0.5% Same-store sales growth be 4.0%–4.5%, up from 3.0%–3.5% previously -Diluted EPS growth to be approximately 12%–14% -Tax rate to be 22.0%–22.5%, as opposed to the previous guidance of 22.5%–23.0% -Share repurchases of approximately $2.75 billion -Capital expenditures to be $1.4–$1.5 billion -The Company intends to complete 2,930–2,980 real estate projects, including 1,010–1,060 new store openings, approximately 1,795 remodels and 125 store relocations. This compares to its previous projection of completing 2,980 real estate projects, which included 1,110 new store openings, 1,750 remodels and 120 store relocations Williams-Sonoma, Inc. Announced 24/08/22 25/05/22 Company expectations for fiscal 2022: -Net revenue to grow in the mid-to-high single-digit range for 2022 -Revenue to reach $10 billion by fiscal 2024 -Operating margins to be in line with fiscal 2021, at 16.9%–17.1% Guess?, Inc. Announced 24/08/22 25/05/22 Company expectations for the third quarter of fiscal 2022: -Revenue to be down 4.5% in US dollar terms and up 4.5% on a constant currency basis versus the third quarter of fiscal 2022 -Adjusted operating margin to be 8.1% -GAAP diluted EPS to be $0.45 -Adjusted diluted EPS to be $0.55 Company expectations for fiscal 2022: -Revenue to be up 1.5% in US dollar terms and up 9.5% on a constant currency basis versus fiscal 2022 -Adjusted operating margin to be 10% -GAAP diluted EPS to be $2.11 -Adjusted diluted EPS to be $2.65 Petco Health and Wellness Company, Inc. Revised 24/08/22 24/05/22 Company expectations for fiscal 2022: -Net revenue to be $5.975–6.05 billion, down from previous guidance of $6.15–6.25 billion -Adjusted EBITDA to be $580–595 million, down from previous guidance of $630–645 million -Adjusted EPS to be $0.77–$0.81, down from previous guidance of $0.97–$1.00 -Capital expenditure to be $250–275 million, down from previous guidance of $275–325 million Nordstrom, Inc. Revised 23/08/22 24/05/22 Company expectations for fiscal 2022: -Revenue growth, including retail sales and credit card revenue, to be 6%–8%, up from previous guidance of 5%–7% -EBIT margin to be 5.8%–6.2%, up from previous guidance of 4.5%–4.9% -Adjusted EBIT margin to be 5.6%–6.0%, up from previous guidance of 4.3%–4.7% -EPS, excluding the impact of share repurchase activity, to be in the range of $3.38–$3.68, up from previous guidance of $2.45–$2.75 -Adjusted EPS, excluding the impact of share repurchase activity, to be in the range of $3.20–$3.50, up from previous guidance of $2.30–$2.60 -Leverage ratio by year-end to be approximately 2.5 times, compared to previous guidance of below 2.9 times Macy's, Inc. Announced 23/08/22 26/05/22 Company expectations for the third quarter of fiscal 2022: -Net sales to be $5.16–5.23 billion -Net sales growth rate to be (3.14)%–(4.6)% -Adjusted earnings per share to be $0.15–$0.21 -Diluted EPS growth to be (72)%–(80)% DICK'S Sporting Goods, Inc. Revised 23/08/22 25/05/22 -Earnings per diluted share to be in the range of $8.85–$10.55 -Earnings per diluted growth rate to be in the range of (23.9)%–(36)% -Comparable store sales to be in the range of (6)%–(2)% -Capital expenditures to be in the range of $400–$425 million on a gross basis and $340–$365 million on a net basis Macy's, Inc. Revised 23/08/22 26/05/22 Company expectations for fiscal 2022: -Net sales to be $24.34–24.58 billion, down from previous guidance of $24.46–24.70 billion -Adjusted EBITDA as a percent of sales to be 10.5%, down from previous guidance of 11.2%–11.7% -Adjusted diluted earnings per share to be $4.00–$4.20, down from previous guidance of $4.53–$4.95 Foot Locker, Inc. Revised 19/08/22 20/05/22 Company expectations for fiscal 2022: -Sales decline to be 4%–6%, versus prior guidance of a 6%–7% decline -Comparable sales growth to be down 8%–10% from down 8%–9% -Square footage growth to be down 1%–2%, in line with the orginal guidance -Gross margin to be 30.6%–30.8%, down from 31.1%–31.2% -SG&A rate to be 20.7%–20.9%, down from 21.3%–21.4% -D&A to be $214 million, down from $213 million -Tax rate (Non-GAAP) to be in 29%–30%, down from 30.0%–30.5% -Non-GAAP EPS to be $4.25–$4.60, from $4.25–$4.45 Ross Stores, Inc. Announced 18/08/22 19/05/22 Company expectations for the third quarter of fiscal 2022: -Same-store sales to decline by 7%–9%, compared to a 14% increase last year -Earnings per share to be $0.72–$0.83, compared to $1.09 last year Company expectations for the fourth quarter of fiscal 2022: -Same-store sales to decline by 4%–7%, compared to a 9% increase last year -Earnings per share to be $1.04–$1.21, compared to $1.04 in 2021 Company expectations for fiscal 2022: - Earnings per share to be $3.84–$4.12, compared to $4.87 last year Kohl's Corporation Announced 18/08/22 19/05/22 Company expectations for fiscal 2022: -Net sales to decline by 5%–6% -Operating margin to be 4.2%–4.5% -Earnings per share to be $2.80–$3.20, excluding any non-recurring charges BJ's Wholesale Club Holdings, Inc. Revised 18/08/22 19/05/22 Company expectations for fiscal 2022: -Comparable club sales growth to be 4–5%, up from original guidance of low single digits -EPS will be $3.50–$3.60, up from previous guidance of $3.25 Tapestry, Inc. Announced 18/08/22 10/2/2022 Company expectations for fiscal 2023: -Revenue to be $6.9 billion, with a reported increase of 3%-4% (including approximately 300 basis points of FX pressure) - Revenue growth to be 6%-7% in constant currency -Net interest expense to be $35 million -Tax rate to be 21.0% -Weighted average diluted share count to be approximately 242 million shares, including approximately $700 million in expected share repurchases -Earnings per diluted share to be $3.80–$3.90, representing double-digit growth over the prior year The Estée Lauder Companies Inc. Announced 18/08/22 3/5/2022 Company expectations for fiscal 2023: -Net sales to increase by 3%–5%, including a 1% decline as a result of the company's termination of license agreements for the Donna Karan New York, DKNY, Michael Kors, Tommy Hilfiger and Ermenegildo Zegna product lines on June 30, 2022, as well as a 1% negative impact from Russia and Ukraine, a 3% decrease due to currency translation and 1% impact due to the effects of foreign currency transactions in key international travel retail markets -Organic net sales to rise 7%–9%, with diluted net earnings per common share of $7.11–$7.33 -Diluted net earnings per common share of $7.39–$7.54 after restructuring and other charges Company expectations for the first quarter of fiscal 2023: -Net sales to decline by 8%–10% -Organic net sales to decline by 4%–6%, with net earnings per common share of $1.16–$1.28 -Diluted net earnings per common share of $1.22–$1.32 after restructuring and other charges Bath & Body Works, Inc. Announced 17/08/22 7/20/20222 Company expectations for the third quarter of fiscal 2022: -Earnings from continuing operations per diluted share to be $0.10–$0.20 Company expectations for fiscal 2022: -Earnings from continuing operations per diluted share to be $2.70–$3.00 The TJX Companies, Inc. Revised 17/08/22 18/05/22 Company expectations for fiscal 2023: -Pretax profit margin to be 9.3%–9.5% -Adjusted pretax profit margin to be 9.7%–9.9%, versus previous guidance of 9.2%–9.4% -Diluted earnings per share to be $2.87–$2.95 versus previous guidance of $2.94–$3.01 -Adjusted diluted earnings per share to be $3.05–$3.13 versus previous guidance of $3.13–$3.20 -US comparable store sales to decrease by 2%–3%, versus previous guidance of an increase of 1%–2% The TJX Companies, Inc. Announced 17/08/22 18/05/22 Company expectations for the third quarter of fiscal 2023: -Pretax profit margin to be 10.1%–10.4% -Diluted earnings per share to be $0.77–$0.81 - US comparable store sales to decrease by 3%–5% versus a 16% increase in the third quarter of fiscal 2022 Company expectations for the fourth quarter of fiscal 2023: -Pretax profit margin to be 10.1%–0.4% -Earnings per share to be $0.92–$0.96. -US comparable store sales to be flat to down 1%, versus a 13% increase in the fourth quarter of fiscal 2022 Target Corporation Announced 17/08/22 7/6/2022 Company expectations for fiscal 2022: -Full-year revenue growth to be in the low- to mid-single-digit range -Operating margin rates in the second half of the year to be 6% Lowe's Companies, Inc. Announced 17/08/22 18/05/22 Company expectations for fiscal 2022: -Total sales to be $97–99 billion -Total sales growth to be 0.7%–2.7% -Comparable sales growth to be (1%)–1% -Gross margin rate to be up slightly compared to the prior year -Depreciation and amortization to be $1.75 billion -Operating income as a percentage of sales (operating margin) to be 12.8%–13.0% -Interest expense to be $1.1–1.2 billion -Effective income tax rate to be 25% -Diluted earnings per share to be $13.10–$13.60 -Total share repurchases to be $12 billion -ROIC to be over 36% -Capital expenditure to be $2 billion The Home Depot, Inc. Announced 16/08/22 17/05/22 Company expectations for fiscal 2022: -Total and comparable sales growth to be 3% -Operating margin to be 15.4% -Net interest expense to be $1.6 billion -Tax rate to be 24.6% -Diluted EPS growth to be in the mid-single digits Hanesbrands Inc. Announced 11/8/2022 5/5/2022 Company expectations for the third quarter of fiscal 2022: -Net sales to be $1.73–1.78 billion -GAAP operating profit to be $129–149 million -Adjusted operating profit to be $160–180 million -Interest and other expenses to be $44 million -Tax rate to be 17% on both a GAAP and adjusted basis -GAAP earnings per share from continuing operations to be $0.20–$0.25 -Adjusted earnings per share from continuing operations to be $0.27–$0.32 -Net sales to decline by 4% and by roughly 2% decline in comparison to the prior year at the midpoint Company expectations for fiscal 2022: -Net sales from continuing operations to be $6.45–$6.55 billion at the midpoint, representing a 2% decline compared to the prior year on a constant currency basis and a 4% decline on a reported basis -GAAP operating profit from continuing operations to be $570–620 million -Adjusted operating profit from continuing operations to be $630–680 million -Interest and other expenses to be $161 million -Tax rate is to be 17% on both a GAAP and adjusted basis -GAAP earnings per share from continuing operations to be $0.97–$1.09 -Adjusted earnings per share from continuing operations to be $1.11–$1.23 -Capital expenditure to be in the range of $150–175 million -Fully diluted shares outstanding to be $351 million Ralph Lauren Corporation Announced 9/8/2022 24/05/22 Company expectations for the second quarter of fiscal 2023: -Revenue growth to be around 11% -Operating margin to be 15.4%–15.7% in constant currency -Gross margin to contract 40–80 basis points Company expectations for fiscal 2023: -Revenue to increase by high single digits with an outlook of 8% - Operating margin to be 14.0%–14.5% -Gross margin to increase by 30–50 basis points in constant currency Signet Jewelers Limited Revised 9/8/2022 17/05/22 Company expectations for fiscal 2023: -Total revenue to be $7.60–7.70 billion, compared with prior fiscal 2023 guidance of $8.03–8.25 billion -Non-GAAP operating income to be $787–828 million compared to $921–974 million Signet Jewelers Limited Announced 9/8/2022 17/05/22 Company expectations for the second quarter of fiscal 2023: -Non-GAAP operating income to be $192 million -Total revenue to be $1.75 billion Floor & Decor Holdings, Inc. Revised 4/8/2022 24/02/22 Company expectations for fiscal 2022: -Net sales to be $4.29–4.33 billion, compared to prior guidance of $4.285–4.375 billion -Comparable store sales growth to be 10%–11%, compared to prior guidance of 10.5%–13% Wayfair Inc. Announced 4/8/2022 4/11/2021 Company expectations for the third quarter of fiscal 2022: -Net sales for the third quarter to be lower than second-quarter sales Crocs, Inc. Announced 4/8/2022 5/5/2022 Company expectations for fiscal 2023: -Consolidated revenues to be $915–955 million, representing an increase of 46%–53% -Revenues for the Crocs brand to be $680–700 million, representing growth of 15%–18% on a constant currency basis and 9%–12% in reported terms -HEYDUDE brand sales to be $235–255 million NEXT plc Announced 4/8/2022 6/1/2022 Company expectations for fiscal 2023: -H1 full price sales to grow 12.4% -H2 full price sales growth to be in the range of (3.0)% – 5.0% -Full year full price sales to be in the range of 4.0%–8.4% -Profit before tax to be in the range of £820–890 million ($995.5–1,080.5 million) -Profit before tax growth to be in the range of (0.4)%–8.1% -Earnings Per Share to be in the range of $5.43–$5.88 -Earnings Per Share growth to be in the range of 2.3%–10.9% The Clorox Company Announced 3/8/2022 2/5/2022 Company expectations for fiscal 2023: -Net sales to grow in the range of (4)%–(2)% -Organic sales to be in the range of (3)%–3% -Gross margin to increase by about 200 basis points -Selling and administrative expenses to be in the range of 15%–16% of net sales -Effective tax rate to be about 24% -Diluted EPS to be in the range of $3.10–$3.47, a decrease of 17%–7% -Adjusted EPS to be in the range of $3.85–$4.22, a decrease of 6%–3% Sprouts Farmers Market, Inc. Announced 3/8/2022 4/5/2022 Company expectations for fiscal 2022: -Net sales growth to be in the range of 4.0%–5.0% -Comparable store sales growth to be in the range of 1.0%–2.0% -Adjusted diluted earnings per share to be in the range of $2.18–$2.26 -Plans to open 15–17 new stores -Capital Expenditures to be in the range of $130–$150 million Company expectations for the third quarter of fiscal 2022: -Comparable store sales growth to be in the range of 1.0%–2.0% -Adjusted diluted earnings per share to be in the range of $0.49–$0.53 Under Armour, Inc. Revised 3/8/2022 6/5/2022 Company expectations for fiscal 2023: -Gross margin to be down by 375-425 basis points, down from the previous guidance of a fall of 150-200 basis points -Operating income to reach $300–325 million, versus to the previous guidance of $375–400 million -Diluted earnings per share to be $0.61–$0.67, down from the previous guidance of $0.79–$0.84 -Adjusted diluted earnings per share to be $0.47–$0.53, down from the previous guidance of $0.63–$0.68 CVS Health Corporation Revised 3/8/2022 5/4/20222 Company expectations for fiscal 2022: -GAAP diluted EPS to be in the range of $7.23–$7.43, up from the previous guidance of $6.93–$7.13 - Adjusted EPS to be in the range of $8.40–$8.60, up from the previous guidance of $8.20–$8.40 -Cash flow from operations to be in the range of $12.5–13.5 billion, up from the previous guidance of $12.0–$13.0 billion Herbalife Nutrition Ltd. Announced 2/8/2022 3/5/2022 Company expectations for fiscal 2022: -Volume Point Growth to be in the range of (12.5)%–(6.5)% -Net Sales growth to be in the range of (10.0)%–(4.0)% -Adjusted Diluted EPS to be in the range of $3.25–$3.75 -Adjusted EBITDA to be in the range of $680–740 million -Cap Ex to be in the range of $175–225 million Company expectations for the third quarter of fiscal 2022: -Volume Point Growth to be in the range of (14.0)%–(8.0)% -Net Sales growth to be in the range of (9.0)%–(3.0)% -Adjusted Diluted EPS to be in the range of $0.70–$0.95 -Adjusted EBITDA to be in the range of $160–180 million Colgate-Palmolive Company Announced 29/07/22 29/04/22 Company expectations for fiscal 2022: -Net sales growth to be at the higher end of 1%–4% -Organic sales growth to be in the range of 5%–7% -On a GAAP basis, EPS is expected to grow by double-digits -On a non-GAAP basis, the EPS of the "base business" is expected to decline in by a mid-single-digit The Procter & Gamble Company Announced 29/07/22 20/04/22 Company expectations for fiscal 2023: -Net sales growth to range from flat to up 2% -Organic sales growth to be in the range of 3–5% -Diluted net earnings per share to increase to up to 4%, with the midpoint of the guidance at $5.93 -Tax rate to be in the range of 19%–19.5% -Capital spending to be approximately 5% of net sales - Share repurchases to be $6 –8 billion Deckers Outdoor Corporation Announced 28/07/22 19/05/22 Company expectations for fiscal 2023: -Net sales to be in the range of $3.45–$3.50 billion -Gross margin to be approximately 51.5% -SG&A expenses as a percentage of sales to be approximately 34% -Operating margin to be in the range of 17.5%–18.0% -Effective tax rate to be approximately 22%–23% -Diluted earnings per share to be in the range of $17.50–$18.35 V.F. Corporation Announced 28/07/22 28/01/22 Company expectations for fiscal 2023: -Adjusted EPS to be in the range of $3.05–$3.15, implying 4%–% growth versus the prior year on a constant dollar basis -Total revenue to be up at least 7% -Adjusted gross margin up slightly versus previous outlook of up by approximately 50 basis points -Adjusted operating margin to be 13.2% versus previous outlook of approximately 13.6% -Adjusted cash flow from operations approximately to be $1.2 billion -Capital expenditures to be approximately $250 million Amazon.com, Inc. Announced 28/07/22 28/04/22 Company expectations for the third quarter of fiscal 2022: -Net sales to be in the range of $125.0–$130.0 billion, or to grow between 13%–17% compared with third quarter 2021. -Operating income to be in the range of $0–$3.5 billion Best Buy Co., Inc. Announced 27/07/22 24/05/22 Company expectations for the second quarter of fiscal 2023: -Comparable sales to decline by approximately 13% -Revenue to be approximately 7.5% higher than pre-pandemic 2Q20 -Non-GAAP operating income rate to be around 3.7% Columbia Sportswear Company Announced 27/07/22 3/2/2022 Company expectations for fiscal 2022: -Net sales to be $3.44–3.50 billion, representing net sales growth of 10%–12% compared to 2021 -Operating income to be $415–449 million, representing operating margin of 12.1%–12.8% -Diluted earnings per share to be $5.00–$5.40 Skechers U.S.A., Inc. Announced 26/07/22 26/04/22 Company expectations for fiscal 2022: -Sales to be $7.2–7.4 billion -Diluted earnings per share to be $2.60–$2.70 Company expectations for the third quarter of fiscal 2022: -Sales to be $1.80–1.85 billion -Diluted earnings per share to be $0.70–$0.75 Kimberly-Clark Corporation Revised 26/07/22 22/04/22 Company expectations for fiscal 2022: -Diluted net income per share to be $5.67–$6.10 -Organic sales growth to be 5%–7% compared to prior outlook of 4%–6% -Adjusted earnings per share to be $5.60–$6.00 Albertsons Companies, Inc. Revised 26/07/22 12/4/2022 Company expectations for fiscal 2022: -Identical sales to be approximately 3%–4% (previously 2%–3%) -Adjusted EBITDA to be $4.25–4.35 billion (previously $4.15–4.25 billion) -Adjusted net income per share to be $2.80–$2.95 (previously $2.70–$2.85) -Effective tax rate to be 23%–24% excluding discrete items (unchanged) -Capital expenditures to be $2.0–2.1 billion (unchanged) Unilever PLC Announced 26/07/22 21/10/21 Company expectations for fiscal 2022: -Sales growth to be 4.5%–6.5% -Operating margin to be 16%, which is within the guided range of 16%–17% Walmart Inc. Revised 25/07/22 17/05/22 Company expectations for fiscal 2022: -Net sales growth to be about 4.5% -Net sales growth to be about 5.5% excluding divestitures -Walmart US comp sales growth, excluding fuel, to be about 3% in the back half of the year -Operating income to decline by 10%–12% -Adjusted earnings per share to decline by 10%–12% Company expectations for the second quarter of fiscal 2022: -Consolidated net sales growth to be about 7.5% -Operating income to decline by 13%–14% -Adjusted earnings per share to decline by around 8%–9% Tractor Supply Company Revised 21/07/22 6/6/2022 Company expectations for fiscal 2022: -Net sales to be $13.95–14.05 billion, up from previous guidance of $13.6–13.8 billion -Comparable store sales to be 5.2%–5.8%, up from previous guidance of 3.0%–4.5% -Operating margin rate to be 10.2%, compared to previous guidance of 10.1%–10.3% -Net income to be $1.065–1.085 billion, up from previous guidance of $1.04–1.08 billion -Earnings per diluted share to be $9.48–$9.60, up from previous guidance of $9.20–$9.50 Bath & Body Works, Inc. Announced 20/07/22 18/03/22 Company expectations for fiscal 2022: -Sales to be down by mid- to high-single digits -Operating income rate as a percentage of sales to be in the mid-teens Company expectations for the second quarter of fiscal 2022: -Sales to fall in the range of 6%–7% -Continuing operations profits per diluted share to be $0.40–$0.42 Burberry Group plc Announced 15/07/22 5/18/2022 Company expectations for fiscal 2023: -Sales growth to be in the mid-single digits and margins of 20% in the medium term Fast Retailing Co., Ltd Revised 14/07/22 14/10/21 Company expectations for fiscal 2022: -Revenue to be up 5.5% to ¥175 billion ($1.3 billion) -Operating profit to grow 16.5% to ¥295 billion ($2.1 billion) -Profit before income taxes to grow 38.4% to ¥368 billion ($2.8 billion) The Gap, Inc. Announced 11/7/2022 26/05/22 Company expectations forthe second quarter of fiscal 2022: -Net income to decrease in the high single digits Levi Strauss & Co. Revised 7/7/2022 6/4/2022 Company expectations for fiscal 2022: -Net revenue to grow 11%–13% to $6.4–6.5 billion -Adjusted diluted EPS to be in the range of $1.50–$1.56 RH Announced 29/06/22 29/03/22 Company expectations for the second quarter of fiscal 2022: - Net revenue growth to be (3)%–(1)% - Adjusted operating margin to be 23.0%–23.5% RH Revised 29/06/22 29/03/22 Company expectations for fiscal 2022: -Net revenue growth to be (5%)–(2%) -Adjusted operating margin to be 21.0%–22.0% NIKE, Inc. Announced 27/06/22 21/03/22 Company expectations for fiscal 2022: - Revenue growth to be in low double digits on a currency-neutral basis Company expectations for the first quarter of fiscal 2022: - Revenue growth to be flat to slightly up due to pandemic disruption in China Zalando SE Announced 23/06/22 5/5/2022 Company expectations for the second quarter of fiscal 2022: -Gross Merchandise Volume (GMV) growth to be 5.0% -Revenue growth to be 1.5% -Adjusted EBIT to be €104 million ($109.9 million) Zalando SE Revised 23/06/22 5/5/2022 Company expectations for fiscal 2022: -Gross Merchandise Volume (GMV) to grow by 3%–7% to €14.8–15.3 billion ($18.2–$18.8 billion) -Revenue to grow by 0%–3% to €10.4–10.7 billion euros ($15.6–$16.2 billion) -Adjusted EBIT to be €180–€260 million ($190.1–$274.6 million) -Capital expenditure is expected to be in the range of €350–€400 million ($369.6–$422.4 million) The Kroger Co Announced 16/06/22 3/3/2022 Company expectations for fiscal 2022: -Identical sales without fuel to be in the range of 2.5%–3.5% -Adjusted FIFO operating profit to be in the range of $4.3–$4.4 billion -Adjusted net earnings per diluted share to be in the range of $3.85–$3.95 -Sustainable earnings growth and total shareholder returns to be in the range of 8%–11% Boohoo Group PLC Announced 16/06/22 16/12/21 Company expectations for fiscal 2023: -Revenue growth to be in the low single digits, with a return to growth in Q2, and growth rates will rise in the second half of the year -Adjusted EBITDA margins to range from 4%–7% Coty Inc. Revised 13/06/22 8/11/2021 Company expectations for the fourth quarter of fiscal 2022: -Low double digits LFL sales growth Company expectations for fiscal 2022: -LFL's sales growth to be in the low-to-mid teens -Adjusted EBITDA to be $900 million -Adjusted EPS to be in the range of $0.23–$0.27 Signet Jewelers Limited Announced 9/6/2022 17/03/22 Company expectations for the second quarter of fiscal 2022: -Total revenue to be $1.79–1.82 billion -Operating income to be $188–204 million Company expectations for fiscal 2022: -Total revenue to be $8.03–8.25 billion -Operating income to be $921–974 million -Diluted EPS to be $12.72–$13.47 Five Below, Inc. Announced 8/6/2022 30/03/22 Company expectations for the second quarter of fiscal 2022: -Net sales to be $675–695 million -Approximately 30 new store openings -Comparable sales to be (5)%–(2)% -Net income to be $4–48 million -Diluted income per common share to be $0.74–$0.86 Company expectations for fiscal 2022: -Net sales to be $3.0–3.1 billion -Approximately 160 new store openings -Comparable sales to be around (2)% -Net income to be $271–293 million -Diluted income per common share to be $4.85–$5.24 -Gross capital expenditures to be approximately $225 million Academy Sports and Outdoors, Inc. Revised 7/6/2022 29/03/22 Company expectations for fiscal 2022: -Total net sales to be $6.4–6.6 billion -Comparable sales to be (6.0)%–(3.0)% -GAAP income before taxes to be $725–805 million -GAAP net income to be $550–615 million -GAAP diluted EPS to be $6.30–$7.00, up from previous guidance of $6.55–$7.10 -Adjusted diluted EPS to be $6.55–$7.25, up from previous guidance of $6.70–$7.25 -Effective tax rate to be around 24.0% Tractor Supply Company Announced 6/6/2022 21/04/22 Company expectations for the second quarter of fiscal 2022: -Net sales growth to be 8% -Comparable store sales growth to be 5% -Diluted earnings per share to be at least $3.48 RH Announced 2/6/2022 29/03/22 Company expectations for fiscal 2022: -Net revenue growth to be 0%–2% -Adjusted operating margin to be 23.0%–24.0% Company expectations for the second quarter of fiscal 2022: -Net revenue to be (1)% –(3)% -Adjusted operating margin to be 23.0%–23.5% Lululemon Athletica Inc. Announced 2/6/2022 29/03/22 Company expectations for the second quarter of fiscal 2022: -Net revenue to be $1.7–$1.8 billion -Diluted earnings per share to be $1.89–$1.94 -Adjusted diluted earnings per share to be $1.82–$1.87 -Company expectations for fiscal 2022: -Net revenue to be $7.6–7.7 billion -Diluted earnings per share to be $9.42–$9.57 -Adjusted diluted earnings per share to be $9.35–$9.50 PVH Corp. Announced 1/6/2022 29/03/22 Company expectations for the second quarter of fiscal 2022: -Revenue to decrease by 3%–4% -Earnings per share on a GAAP basis to be approximately $2.20 -Earnings per share on a non-GAAP basis to be approximately $2.00 -Interest expense to decrease to approximately $20 million -Effective tax rate to be approximately 30% Company expectations for fiscal 2022: -Revenue to increase by 1%–2%, and to increase by 6%–7% on a constant-currency basis -Operating margin to be approximately 10% -Earnings per share on a GAAP basis to be approximately $9.20 -Earnings per share on a non-GAAP basis to be approximately $9.00 -Interest expense to decrease to approximately $90 million -Effective tax rate to increase to 28.5%–29.5% Capri Holdings Limited Announced 1/6/2022 9/3/2022 Company expectations for the first quarter of fiscal 2023: -Revenue to be $1.3 billion -Adjusted operating margin to be 16.5% -Adjusted EPS to be $1.35 Company expectations for the second quarter of fiscal 2023: -Revenue to be $1.42 billion -Adjusted operating margin to be 17.0% -Adjusted EPS to be $1.60 Company expectations for the third quarter of fiscal 2023: -Revenue to be $1.725 billion -Adjusted operating margin to be 23.5% -Adjusted EPS to be $2.55 Company expectations for the fourth quarter of fiscal 2023: -Revenue to be $1.50 billion -Adjusted operating margin to be 14.5% -Adjusted EPS to be $1.35 Capri Holdings Limited Announced 1/6/2022 9/3/2022 Company expectations for fiscal 2023: -Total revenue to be $5.9 billion, increasing by approximately 5% year over year on a reported basis and by approximately 10% in constant currency -Gross margin to be flat -Operating margin to be 18% -Net interest income to be $35 million -Effective tax rate to be 11% -Weighted average diluted shares outstanding to be 144 million -Diluted earnings per share to be $6.85 -Capital expenditures to be $300 million For Versace, -Total revenue to be $1.2 billion, increasing by 13% on a reported basis and 23% in constant currency -Operating margin to be 16% For Jimmy Choo, -Total revenue to be $650 million, increasing by approximately 6% on a reported basis and approximately 9% in constant currency -Operating margin to be 5% For Michael Kors, -Total revenue to be $4.1 billion, increasing by approximately 3% on a reported basis and approximately 6% in constant currency -Operating margin to be 24% Capri Holdings Limited Announced 1/6/2022 9/3/2022 Company expectations for the first quarter of fiscal 2023: -Total revenue to be $1.3 billion, increasing by approximately 4% year over year and by 9% in constant currency -Operating margin to be 16.5% -Net interest income to be $9 million -Effective tax rate to be 12% -Outstanding weighted average diluted shares of approximately 146 million -Diluted earnings per share to be $1.35 For Versace, -Total revenue to be $265 million, increasing by approximately 11% on a reported basis and approximately 20% in constant currency -Operating margin to be in the low-double-digit range For Jimmy Choo, -Total revenue to be $155 million, increasing by approximately 9% on a reported basis and approximately 13% in constant currency -Operating margin to be in the mid-single-digit range For Michael Kors, -Total revenue to be approximately $880 million, increasing by approximately 1% on a reported basis and approximately 5% in constant currency -Operating margin to be in the low-to-mid-20s range in percentage terms American Eagle Outfitters, Inc. Announced 26/05/22 2/3/2022 Company expectations for the second quarter of fiscal 2022: -Top-line growth to trend similarly to the first quarter -Gross margin rate to be 33% Company expectations for fiscal 2022: -Operating profit to be above $314 million -Total revenue to grow in the low single digits The Gap, Inc. Announced 26/05/22 3/3/2022 Company expectations for fiscal 2022: -Revenue to decline in the low to mid-single digit range -Gross margin to 36.5%–37.5% -Operating margin to be 1.8%–2.8% -Adjusted operating margin to be 1.5%–2.5% -Diluted earnings per share to be $0.40–$0.70 -Adjusted diluted EPS to be $0.30–$0.60 -Net interest to be $80 million -Effective tax rate to be 27% -Capital expenditures to be $700 million Ulta Beauty, Inc. Revised 26/05/22 10/3/2022 Company expectations for fiscal 2022: -Net sales to be $9.05–9.15 billion, down from prior guidance of $9.35–9.55 billion -Comparable sales to be 3% –4%, down from prior guidance of 6%–8% -Operating margin to be 13.7%–14.0%, down from prior guidance of 14.1%–14.4% -Diluted EPS to be $18.20–$18.70, down from prior guidance of $19.20–$20.10 Dollar Tree, Inc Revised 26/05/22 2/3/2022 Company expectations for fiscal 2022: -Diluted EPS tobe $7.80–$8.20, up from previous guidance of $7.60–$8.00 -Consolidated net sales to be $27.76–28.14 billion, up from previous guidance of $27.22–27.85 billion Dollar Tree, Inc Announced 26/05/22 2/3/2022 Company expectations for the second quarter of fiscal 2022: -Consolidated net sales to be $6.65–6.78 billion, based on a low-to-mid single-digit increase in same-store sales -Diluted EPS to be $1.45–$1.55 Macy's, Inc Revised 26/05/22 22/02/22 Company expectations for fiscal 2022: -Adjusted EBITDA as a percent of sales to be 11.2%–11.7%, up from prior guidance of 11.0%–11.5% -Adjusted EPS to be $4.53–$4.95, up from prior guidance of $4.13–$4.52 Dollar General Corporation Announced 26/05/22 17/05/22 Company expectations for fiscal 2022: -Net sales to grow 10.0%–10.5% -Same-store sales growth to be 3.0%–3.5% -Diluted EPS growth to be 12%–14% -Diluted EPS guidance effective tax rate to be 22.5%–23.0% -Share repurchases to be $2.75 billion -Capital expenditures to be $1.4–1.5 billion -2,980 real estate projects executed in fiscal 2022, including 1,110 new store openings, 1,750 remodels and 120 store relocations Williams-Sonoma, Inc. Announced 25/05/22 16/03/22 Company expectations for fiscal 2022: -Financial performance to be in line with long-term financial goals of mid-to-high single-digit annual net sales growth -Revenue to reach $10 billion by fiscal year 2024 -Operating margin to be same as fiscal year 2021 DICK's Sporting Goods, Inc. Announced 25/05/22 8/3/2022 Company expectations for fiscal 2022: -Earnings per diluted share to be $7.95–$10.15 -Comparable store sales to be (8)%–(2)% -Capital expenditures to be $400–425 million on a gross basis and $340–365 million on a net basis Nordstrom, Inc. Announced 24/05/22 1/3/2022 Company expectations for fiscal 2022: -Revenue growth to be 6%–8% -EBIT margin to be 5.6%–6.0% of sales -Earnings per share to be $3.38–$3.68 -Adjusted EPS to be $3.20 –$3.50 Ralph Lauren Corporation Announced 24/05/22 3/2/2022 Company expectations for fiscal 2023: -Constant currency revenues to increase by high-single digits -Operating margin to be 14.0%–14.5% -Gross margin to increase by 30–50 basis points on a constant currency basis -Capital expenditures to be $290–310 million Company expectations for the first quarter of fiscal 2022: -Revenue growth to be in a range centered around 8% -Operating margin to be in a range centered around 13.5% -Gross margin to be down slightly on a constant currency basis Petco Health and Wellness Company, Inc. Announced 24/05/22 23/03/22 Company expectations for fiscal 2022: -Net revenue to be $6.15–6.25 billion -Adjusted EBITDA to be $630–645 million -Adjusted EPS to be $0.97–1.00 -Capital expenditures to be $275–325 million Best Buy Co., Inc Revised 24/05/22 3/3/2022 Company expectations for fiscal 2023: -Revenue to be $48.3–49.9 billion, up from previous guidance of $49.3–50.8 billion -Comparable sales to decline by 3.0%–6.0%, up from previous guidance of 1.0%–4.0% -Enterprise non-GAAP operating income rate to be 5.2%–5.4%, compared to previous guidance of approximately 5.4% -Non-GAAP effective income tax rate to be 24.0%, down from previous guidance of approximately 24.5% -Non-GAAP diluted EPS to be $8.40–$9.00, compared to the previous guidance of $8.85–$9.15 Foot Locker, Inc Announced 20/05/22 25/02/22 Company expectations for fiscal 2022: -Net sales to grow by 4%–6% -Comparable sales to grow by 8%–10% -Growth in square footage to slow by 1%–2% -Gross margin to be between 30.6% and 30.8% -SG&A rate of 20.7%–20.9% -Interest to be $20 million -Tax rate to be 29%–30% -Non-GAAP EPS to be $4.25–$4.60 -Capital expenditure of around $275 million Deckers Outdoor Corporation Announced 19/05/22 3/2/2022 Company expectations for fiscal 2023: -Net sales to be in the range of $3.45–3.50 billion -Gross margin to be approximately 51.5% -SG&A expenses as a percentage of sales to be approximately 34% -Operating margin to be in the range of 17.5%–18.0% -Effective tax rate to be approximately 22%–23% -Diluted earnings per share to be in the range of $17.40–$18.25 Ross Stores, Inc. Announced 19/05/22 1/3/2022 Company expectations for the second quarter of fiscal 2022: -Same store sales to decrease in the range of 4%–6% -Earnings per share to be in the range of $0.99–$1.07 Company expectations for fiscal 2022: -Store sales to decline in the range of 2%–4% -Earnings per share to be in the range of $4.34–$4.58 Kohl's Corporation Announced 19/05/22 1/3/2022 Company expectations for fiscal 2022: -Net sales to grow in the range of 0%–1% -Operating margin to be in the range of 7.0%–7.2% -Earnings per share to be in the range of $6.45–$6.85 BJ's Wholesale Club Holdings, Inc. Announced 19/05/22 3/3/2022 Company expectations for fiscal 2023: -EPS to be flat year over year Bath & Body Works, Inc. Announced 18/05/22 23/02/22 Company expectations for fiscal 2022: -Earnings from continuing operations per diluted share to be in the range of $3.80–$4.15 Company expectations for the second quarter of fiscal 2022: -Earnings from continuing operations per diluted share to be in the range of $0.60–$0.65 The TJX Companies, Inc. Announced 18/05/22 23/02/22 Company expectations for the second quarter of fiscal 2022: -US comparable store sales to be (1)% –(3)% -Diluted EPS to be $0.65–$0.69 Company expectations for fiscal 2022: -US comparable store sales to be up 1%–2% -Pretax margin to be 9.2%–9.4% -Adjusted pretax margin to be 9.6%–9.8% -Diluted EPS to be $2.94–$3.01 -Adjusted diluted EPS to be $3.13–$3.20 Target Corporation Announced 18/05/22 1/3/2022 Company expectations for the second quarter of fiscal 2022: -Operating income margin to be in a wide range centered around the first-quarter operating margin rate of 5.3% Company expectations for fiscal 2022: -Revenue growth to be in the low to mid-single digits -Operating income margin rate to be in a range centered around 6% Lowe's Companies, Inc. Announced 18/05/22 23/02/22 Company expectations for fiscal 2022: -Total sales to be $97–99 billion -Comparable sales to be (1)%–1% -Gross margin rate up slightly compared to prior year -Depreciation and amortization to be $1.75 billion -Operating income as a percentage of sales to be 12.8%–13.0% -Interest expense of $1.0–$1.1 billion -Effective income tax rate to be 25% -Diluted EPS to be $13.1–$13.6 -Total share repurchases to be $12 billion -Return on invested capital to be over 36% -Capital expenditures to be $2 billion Burberry Group plc Announced 18/05/22 16/07/21 Company expectations for fiscal 2023: -High single-digit revenue growth and significant margin expansion -£159 million ($166.97 million) revenue boost from currency in 2023 Walmart Inc. Revised 17/05/22 17/02/22 Company expectations for fiscal 2023: -Consolidated net sales to increase by 4% in constant currency, up from previous guidance of 3% -Consolidated net sales excluding divestitures to increase by 4.5%–5%, up from previous guidance of 4% -Comp sales growth of Walmart US to be 3.5%, up from previous guidance of 3% -Consolidated operating income to decrease to 1% in constant currency, down from previous guidance of a 3% increase -EPS to decrease by about 1%, down from previous guidance of a mid-single-digit increase Company expectations for the second quarter of fiscal 2023: -Consolidated net sales to increase by more than 5% -Comp sales growth ex. fuel for Walmart US to increase by 4%–5% -Consolidated operating income to be flat to up slightly, down from previous guidance of a low to mid-single-digit increase -EPS to be flat to up slightly, down from previously guidance of low to mid-single-digit increase The Home Depot, Inc. Announced 17/05/22 22/02/22 Company expectations for fiscal 2022: -Sales growth and comparable sales growth to be 3.0% -Operating margin to be 15.4% -Net interest expense to be $1.6 billion -Tax rate to be 24.6% -Diluted EPS percentage growth to be in the mid-single digits Koninklijke Ahold Delhaize N.V Announced 6/5/2022 16/02/22 Company expectations for fiscal 2022: -Operating margin to be at least 4% -Ahold Delhaize's Save for Our Customers project to save more than €850 million ($884 million) -Free cash flow to be over €1.7 billion ($1.8 billion) -Net capital expenditures to not exceed €2.5 billion ($2.6 billion) -Dividend payout ratio of 40%–50% and year-over-year increase in dividend per share -Share buyback of €1 billion (just over $1 billion) Under Armour, Inc. Announced 6/5/2022 6/5/2022 Company expectations for fiscal 2023: -Revenue to increase by 5–7% -Gross margin to be down 150–200 basis points -Operating income to be in the range of $375–$400 million -Diluted EPS to be in the range of $0.79–$0.84 -Adjusted diluted EPS to be in the range of $0.63–$0.68 Floor & Decor Holdings, Inc. Revised 5/5/2022 24/02/22 Company expectations for fiscal 2022: -Net revenues to be in the range of $4.29–$4.38 billion -Sales growth in comparable stores to be in the range of 10.5%–13.0% -Diluted EPS to be in the range of $2.75–$3.00 -Adjusted EBITDA to be in the range of $575–$610 million -The cost of depreciation and amortization to be $151 million -Interest costs to be around $7 million -The tax rate to be around 24% -32 new warehouse-style storefronts and four small design studios to be opened -Capital expenditures to be in the range of $550–$590 million Hanesbrands Inc. Announced 5/5/2022 3/2/2022 Company expectations for the second quarter of fiscal 2022: -Net sales to be in the range of $1.68–$1.73 billion -GAAP operating profit to be in the range of $155–$175 million -Adjusted operating profit from continuing operations to be in the range of $170–$190 million -The midpoint of adjusted operating profit to be approximately 10.5% -Interest and other expenses to be $37 million -An effective tax rate to be approximately 17% on both a GAAP and adjusted basis -GAAP earnings per share from continuing operations to be in the range of $0.28–$0.32 -Adjusted earnings per share from continuing operations to be in the range of $0.32–$0.36 Company expectations for fiscal 2022: -Net sales to be in the range of $7.0–$7.15 billion -GAAP operating profit from continuing operations to be in the range of $780–$850 million -Adjusted operating profit to be in the range of $840–$910 million, which includes a projected headwind of approximately $17 million from changes in foreign currency exchange rates -Tax rate of approximately 17% on both a GAAP and adjusted basis. -GAAP earnings per share from continuing operations to be in the range of $1.50–$1.67 -Adjusted earnings per share from continuing operations to be in the range of $1.64–$1.81 -Cash flow from operations to be $400 million -Capital expenditures to be in the range of $150–$175 million Crocs, Inc. Announced 5/5/2022 16/02/22 Company expectations for fiscal 2022: -Revenues to be in the range of $918–$957 million, representing a 43%–49% increase -Crocs brand revenue growth to be in the range of 17%–20% in constant currency and 12%–15% in reported currency, implying revenues to be in the range of $718–$737 million on a regular basis -HEYDUDE brand revenues to be in the range of $200–$220 million -Adjusted operating margin to be around 26% Zalando SE Announced 5/5/2022 3/11/2021 Company expectations for fiscal 2022: -GMV growth to be at the low end of 16%–23% -Revenue growth to be at the low end of 12%–19% -Adjusted EBIT to be in the range of €430–€510 million ($454.46–$539.01 million) -Capital expenditure to be between €400– €500 million ($422.76–$528.44 million) Sprouts Farmers Market, Inc Announced 4/5/2022 24/02/22 Company expectations for fiscal 2022: -Total sales growth to be at the low end of 4.0%–6.0% -Comparable store sales growth to be at the low end of 0.0%–2.0% -Earnings per share to be at the low end of $2.14– $2.24 -Company plans open between 15–20 new stores Company expectations for the second quarter of fiscal 2022: -Comparable stores sales growth to be relatively flat -Diluted earnings per share to be in the range of $0.49–$0.53 CVS Health Corporation Revised 4/5/2022 9/2/2022 Company expectations for fiscal 2022: -GAAP diluted EPS guidance to be in the range of $6.93–$7.13, up from previous guidance of $7.04–$7.24 -Adjusted EPS guidance to be in the range of $8.20–$8.40, up from previous guidance of $8.10–$8.30 -Cash flow from operations to be in the range of $12.0–$13.0 billion Herbalife Nutrition Ltd. Announced 3/5/2022 23/02/22 Company expectations for the second quarter of fiscal 2022: -Net sales growth to be in the range of (17.5%)–(11.5%) -Adjusted diluted EPS to be in the range of $0.60–$0.80 -Adjusted EBITDA to be in the range of $135–$155 million Company expectations for fiscal 2022: -Net sales growth vs 2021 to be in the range of (10.0%)–(4.0%) -Adjusted diluted EPS to be in the range of $3.50–$4.00 -Adjusted EBITDA to be in the range of $680–$740 million -Capital expenditure to be in the range of $175–$225million Colgate-Palmolive Company Announced 29/04/22 28/01/22 Company expectations for fiscal 2022: -Net sales growth to be in the range of 1%–4% -Organic net sales growth to be in the range of 4%–6% -GAAP basis gross profit margin to decline due to increased advertising investment -GAAP basis earnings-per-share growth to be in double digits -Non-GAAP basis gross profit margin to decline due to increased advertising investment -Non-GAAP earnings-per-share to decline to the mid-single-digits Amazon.com, Inc. Announced 28/04/22 3/2/2022 Company expectations for the second quarter of fiscal 2022: -Net sales to be in the range of $116.0–$121.0 billion, or to grow between 3%–7% -Operating income to be in the range of $(1.0)–$3.0 billion -Prime Day will be in the third quarter of 2022 Puma Se Announced 27/04/22 23/02/22 Company expectations for fiscal 2022: -Sales growth of at least 10% -EBIT in the range of €600–€700 million ($630.6–$735.7 million) Skechers U.S.A., Inc. Announced 26/04/22 3/2/2022 Company expectations for fiscal 2022: -Sales in the range of $7.2–$7.4 billion -Diluted earnings per share in the range of $2.75–$2.95 Company expectations for the second quarter of fiscal 2022: -Sales in the range of $1.75–$1.80 billion -Diluted earnings per share in the range of $0.50–$0.55 Kimberly-Clark Corporation Revised 22/04/22 25/02/22 Company expectations for fiscal 2022: -Net sales growth in the range of 2%–4%, up from previous guidance of 1%–2% -Organic sales growth in the range of 4%–6%, up from previous guidance of 3%–4% -Acquisition of Thinx to increase sales slightly -Adjusted operating profit down low to mid-single digits -Adjusted effective tax rate in the range of 22%–24% -Adjusted earnings per share in the range of $5.60–$6.00 Tractor Supply Company Announced 21/04/22 27/01/22 Company expectations for fiscal 2022: -Net sales in the range of $13.6–$13.8 billion -Comparable store sales in the range of 3.0%–4.5% -Operating margin in the range of 10.1%–10.3% -Net income in the range of $1.04–$1.08 billion -Earnings per diluted share in the range of $9.20–$9.50 The Procter & Gamble Company Revised 20/04/22 19/01/22 Company expectations for fiscal 2022: -Sales growth to be 4%–5%, up from previous guidance of 3%–4% -Organic sales to be 6%–7%, up from previous guidance of 4%–5% -Earnings per share growth to be 3%–6% -Tax rate to be 18%–19% -Capital spending to be 4%–5% of net sales -The company expects to pay out over $8 billion in dividends, repurchase almost $10 billion in common stock and return more than $18 billion in cash to shareholders. Guess?, Inc. Announced 13/04/22 16/03/22 Company expectations for fiscal 2023: -Revenue to be $2.7 billion Albertsons Companies, Inc. Announced 12/4/2022 11/1/2021 Company expectations for fiscal 2022: -Identical sales to be in the range of 2%–3% -Adjusted EBITDA to be range of $4.15–$4.25 billion -Adjusted net income per share to be in the range of $2.70–$2.85 -Effective tax rate to be in the range of 23%–24% excluding discrete items -Capital expenditures to be in the range of $2.0–$2.1 billion Levi Strauss & Co. Announced 6/4/2022 26/01/22 Company expectations for fiscal 2022: -Net revenues to grow 11%–13% and to be in the range of $6.4–$6.5 billion -Adjusted diluted EPS to be in the range of $1.50–$1.56 Five Below, Inc. Announced 30/03/22 10/1/2022 Company expectations for the first quarter of fiscal 2022: -Net sales to be in the range of $644–$658 million -To open 35 new stores -Comparable sales growth to be approximatly (2)%–0% -Net income to be in the range of $30–$35 million -Diluted income per common share to be in the range of $0.54–$0.62 Company expectations for fiscal 2022: -Net sales to be in the range of $3.16–$3.26 billion -To open 160 new stores -Comparable sales growth to be approximatly 0%–3% -Net income to be in the range of $292–$320 million -Diluted income per common share to be in the range of $5.19–$5.70 RH Announced 29/03/22 8/12/2021 Company expectations for the first quarter of fiscal 2022: -Net revenue growth to be in the range of 7% –8% -Adjusted operating margin to be in the range of 23.0%–23.5% Company expectations for fiscal 2022: -Net revenue growth to be in the range of 5%–7% -Adjusted operating margin to be in the range of 25.0% –26.0% PVH Corp. Announced 29/03/22 1/12/2021 Company expectations for the first quarter of fiscal 2022: -Revenue is expected to be relatively flat -Earnings per share to be in a range of $1.55–$1.60 -Net interest expense to decrease to approximately $23 million -Effective tax rate will be in the range of 29%–30% Company expectations for fiscal 2022: -Revenue to increase by 2%–3% -Operating margin to be approximately 10% -Earnings per share to be approximately $9.00 -Net interest expense to decrease to approximately $90 million -Effective tax rate to be in the range of 29%– 30%. Lululemon Athletica Inc. Announced 29/03/22 10/1/2022 Company expectations for the first quarter of fiscal 2022: - Net revenue to be in the range of $1.525–1.550 billion, representing growth of 24%–26% -Diluted earnings per share to be in the range of $1.38–$1.43 Company expectations for fiscal 2022: -Net revenue to be in the range of $7.490–7.615 billion, representing growth of 20%–22% -Diluted earnings per share to be in the range of $9.15–$9.35 for the year Academy Sports and Outdoors, Inc. Announced 29/03/22 10/12/2021 Company expectations for fiscal 2022: -Net sales to be in the range of $6.56–6.77 billion -Comparable sales to be in the range of (4)%–(1)% -Income before taxes to be in the range of $780–845 million -Net income to be in the range of $590–640 million -GAAP earnings per share-diluted to be in the range of $6.55–$7.10 -Non-GAAP earnings per share-diluted to be in the range of $6.70–$7.25 -Diluted weighted average shares outstanding to be 90.5 million Petco Health and Wellness Company, Inc. Announced 23/03/22 8/3/2022 Company expectations for fiscal 2022: -Net revenue to be $6.15–6.25 billion -Adjusted EBITDA to be $630–645 million -Adjusted earnings per share to be $0.97–$1.00 -Capital expenditures to be $275–325 million NIKE, Inc. Announced 21/03/22 20/12/21 Company expectations for fiscal 2022: -Revenue to increase by mid-single digits Dollar General Corporation Announced 17/03/22 2/12/2021 Company expectations for the first quarter of fiscal 2022: -Same-store sales to decline by 2%–1% -Diluted earnings per share to be in the $2.25–$2.35 range Company expectations for fiscal 2022: -Net sales growth to be 10%, including an estimated benefit of approximately 2 percentage points from the 53rd week -Same-store sales growth to be 2.5% -Diluted EPS growth to be 12%–14%, including an estimated benefit of approximately 4 percentage points from the 53rd week -Effective tax rate to be 22.5%–23.0% -Share repurchases to be approximately $2.75 billion -Capital expenditures to be $1.4–1.5 billion -The company will complete 2,980 real estate projects in fiscal year 2022, including 1,110 new store openings, 1,750 remodels and 120 store relocations. Signet Jewelers Limited Announced 17/03/22 20/01/22 Company expectations for the first quarter of fiscal 2023: -Total revenue to be in the range of $1.78–1.82 billion -Operating income to be in the range of $177–186 million Company expectations for fiscal 2023: -Total revenue to be in the range of $8.03–8.25 billion -Operating income to be in the range of $921–974 million -Earnings per share to be in the range of $12.28–$13.00 Williams-Sonoma, Inc. Announced 16/03/22 Company expectations for fiscal 2022: -Operating margins to be in line with those of fiscal year 2021 -Annual net sales growth to be in the mid-to-high-single digits Guess?, Inc. Announced 16/03/22 Company expectations for the first quarter of fiscal 2023: -Revenues to be up in the low-teens Company expectations for fiscal 2023: -Revenues to be up in the low-single digits -Operating margin to reach approximately 10.5% Ulta Beauty, Inc. Announced 10/3/2022 2/12/2021 Company expectations for fiscal 2022: -Net sales to be in the range of $9.05–9.15 billion -Comparable sales to be 3%–4% -50 new stores to open and 35 stores to be remodeled or relocated -Operating margin to be 13.7%–14.0% -Diluted EPS to be $18.20–$18.70 -Share repurchases to be approximately $900 million -Effective tax rate to be approximately 24.5% -Capital expenditures to be $375–425 million -Depreciation and amortization expenses to be $250–255 million Capri Holdings Limited Announced 9/3/2022 2/2/2022 Company expectations for fiscal 2022: -Total revenue to be $5.56 billion -Operating margin to be 19% -Diluted EPS to be $6.00 Company expectations for fiscal 2023: -Total revenue to be $6.1 billion -Operating margin to be 19% -Diluted EPS to be $6.60 DICK's Sporting Goods, Inc. Announced 8/3/2022 23/11/21 Company expectations for fiscal 2022: -Diluted EPS to be $9.96–$11.13 -Non-GAAP diluted EPS to be $11.70–$13.10. -Consolidated same-store sales to be in the (4)%–flat range -Capital expenditures to be $400–425 million on a gross basis and to be $340–365 million on a net basis Petco Health and Wellness Company, Inc. Announced 8/3/2022 18/11/21 Company expectations for fiscal 2022: -Net revenue to be in the range of $6.15–6.25 billion -Adjusted EBITDA to be in the range of $630–645 million -Adjusted EPS to be in the range of $0.97–$1.00 -Capital expenditures to be in the range of $275–325 million -Adjusted EPS projection anticipates $76 million in interest expenses -Weighted average diluted share count to be 267 million The Gap, Inc. Announced 3/3/2022 23/11/21 Company expectations for fiscal 2022: -Diluted EPS to be $1.95–$2.15 -Adjusted diluted EPS to be in the $1.85–$2.05 range -Revenue growth to be in low single digits compared to fiscal 2021 -Operating margin to be 6.3%–6.8% on a reported basis and 6.0%–6.5% on an adjusted basis -Net interest expense to be around $70 million -Capital expenditures to be around $700 million -Gap to open 30–40 Old Navy and Athleta stores each in North America, and to close 50–60 Gap and Banana Republic stores in North America as part of its 350-store closure plan The Kroger Co. Announced 3/3/2022 2/12/2021 Company expectations for fiscal 2022: -Identical sales growth rates, excluding fuel, to be 2.0%–3.0% -Adjusted EPS to be $3.75–$3.85 -Adjusted FIFO operating profit to be $4.2–4.3 billion Best Buy Co., Inc Announced 3/3/2022 23/11/21 Company expectations for fiscal 2023: -Revenue to be in the range of $49.3–50.8 billion -Comparable sales to decline by 1.0%–4.0% -Enterprise non-GAAP operating income rate to be approximately 5.4% -Share repurchases to be approximately $1.5 billion -Non-GAAP diluted EPS to be in the range of $8.85–$9.15 Company expectations for fiscal 2025: -Enterprise revenue to be in the range of $53.5–56.5 billion -Enterprise non-GAAP operating income rate to be in the range of 6.3%–6.8% -Enterprise non-GAAP operating income to be in the range of $3.4–$3.8 billion BJ's Wholesale Club Holdings, Inc. Announced 3/3/2022 5/3/2020 Company expectations for fiscal 2022: -Merchandise comparable club sales to increase in the low single digits -Net sales to increase in the mid-single digits -Membership fee income to grow in the mid-single digits -Merchandise margins to remain flat year on year -The excess gas margin of roughly $40 million owing to market conditions in 2021 to unwind -EPS to stay flat year over year due to pending Burris asset acquisition -The Burris acquisition will be complete in the second quarter and generate approximately $0.07 in EPS Big Lots, Inc. Announced 3/3/2022 3/12/2021 Company expectations for the first quarter of fiscal 2022: -Diluted earnings per share to be in the range of $1.10–$1.20 - Comparable sales to increase by 10% from the first quarter of 2019 -Gross margin rate to decrease by about 50 basis points due to higher-than-expected freight charges Company expectations for fiscal 2022: -Comparable sales and gross margin rates to be roughly flat with the prior year -Operating expenses deleveraging modestly owing to inflationary effects and growth-related investments American Eagle Outfitters, Inc. Announced 2/3/2022 11/1/2022 Company expectations for fiscal 2022: -Operating profit to be $550-600 million -There is a chance of a decline in net income in the first half, followed by a rebound in the second half as a result of elevated air freight due to manufacturing closures and inventory flow issues last year. Dollar Tree, Inc. Announced 2/3/2022 23/11/21 Company expectations for the first quarter of fiscal 2022: -Net sales to be $6.63–6.78 billion -Diluted earnings per share to be $1.95–$2.10 Company expectations for fiscal 2022: -Consolidated net sales to be $27.22–27.85 billion, based on a low-to-mid single-digit increase in same-store sales and a 2.8% increase in selling square footage -Earnings per share diluted to $7.60–$8.00 -The company plans to open 590 new stores and refurbish 800 existing Family Dollar locations. The new stores are scheduled to include 190 Dollar Tree locations and 400 Family Dollar locations. Roughly 350 of the new Family Dollar locations will be Combo Stores. -The company also plans to expand its $3 and $5 assortment to more than 1,500 Dollar Tree stores. Ross Stores, Inc. Announced 1/3/2022 18/11/21 Company expectations for the first quarter of fiscal 2022: -Comparable store sales to be down 2%–4% on top of a 13% gain in the same quarter last year -Earnings per share to be in the range of $0.93–$0.99 versus $1.34 last year due to larger headwinds from higher freight and wage costs Company expectations for fiscal 2022: -Comparable store sales to be flat to up 3% versus a 13% gain last year -Earnings per share to be $4.71–$5.12 compared to $4.87 last year Nordstrom, Inc. Announced 1/3/2022 23/11/21 Company expectations for fiscal 2022: -Revenue to grow 5%–7% year over year, including retail sales and credit card revenue -EBIT margin to be 5.6%–6.0% of sales -Earnings per share to be $3.15– $3.50, excluding the impact of share repurchase activities Kohl's Corporation Announced 1/3/2022 11/18/2021 Company expectations for fiscal 2022: -Net sales to increase by 2%–3% -Operating margin to be 7.2%–7.5% -Earnings per share to be $7.00 –$7.50 Target Corporation Announced 1/3/2022 11/17/2021 Company expectations for fiscal 2022: -Revenue growth to be in the low to mid-single digits -Operating margin rate to be 8% or higher -Operating margin dollars to increase by low to mid-single digits -Adjusted earnings per share growth to be in the high-single digits Company expectations for the first quarter of fiscal 2022: -Operating margin rate to be favorable in comparison to past performance but significantly lower than the 9.8% recorded in the same quarter of fiscal 2021 Company expectations for fiscal 2023: -Total revenue growth to be in the mid-single digits -Operating income growth to be in the mid-single digits -Adjusted earnings per share growth to be in the high-single digits -Capital expenditure to be $4–5 billion -After-tax return on invested capital to be in the high 20%–30% range Qurate Retail, Inc. Announced 25/02/22 - Company expectations for fiscal 2022: -Net sales to be negatively impacted as a result of lost inventory as well as increased warehouse and logistics costs Foot Locker, Inc. Announced 25/02/22 19/11/21 Company expectations for fiscal 2022: -Sales change to be down 4%–6% -Comparable sales growth to be down 8%–10% -Square footage growth to be down 1%–2% -Gross margin to be 30.1%–30.3% -SG&A rate to be 20.2%–20.4% -D&A to be around $210 million -Interest to be around $22 million -Tax rate to be around 28.7% -Non-GAAP EPS to be $4.25–$4.60 -Capital expenditure to be up to $275 million Carter's, Inc. Announced 25/02/22 29/10/21 Company expectations for the first quarter of fiscal 2022: -Net sales to be $740– 750 million -Adjusted operating income to be $85–90 million -Adjusted diluted earnings per share to be $1.25–$1.35 Company expectations for the first half of fiscal 2022: -Net sales to be $1.55–1.565 billion -Adjusted operating income to be $195–205 million -Adjusted diluted earnings per share to be $3.05–$3.25 Company expectations for fiscal 2022: -Net sales to increase by 2%–3% -Adjusted operating income to increase by 4%–6% -Adjusted diluted earnings per share to increase by 12%–14% Floor & Decor Holdings, Inc. Announced 24/02/22 Company expectations for fiscal 2022: -Net sales to be $4.285–4.375 billion -Comparable store sales growth to be 10.5%–13.0% -Diluted EPS to be $2.75–$3.00 -Adjusted EBITDA to be $575–610 million -Depreciation and amortization expense to be approximately $151 million -Interest expense to be approximately $7 million -Tax rate to be approximately 24% -32 new warehouse-format stores and four small design studios to be opened -Capital expenditures to be $550–590 million Sprouts Farmers Market, Inc. Announced 24/02/22 4/11/2021 Company expectations for the first quarter of fiscal 2022: -Comparable store sales growth to be 0.0%–2.0% -Adjusted diluted earnings per share to be $0.69–$0.73 Company expectations for fiscal 2022: -Net sales growth to be 4.0%–6.0% -Unit expansion of 15–20 new stores -Comparable store sales growth to be 0.0%–2.0% -Adjusted EBIT to be $330–345million -Adjusted diluted earnings per share to be $2.14– $2.24 -Effective tax rate to be approximately 25% -Capital expenditures to be $150–170 million Herbalife Nutrition Ltd. Announced 24/02/22 2/11/2021 Company expectations for the first quarter of fiscal 2022: -Volume point growth vs. 2021 to be (9.5)%–(3.5)% -Net sales growth vs. 2021 to be (10.0)%–(4.0)% -Adjusted diluted EPS to be $0.80–$1.00 -Adjusted EBITDA to be $165–$185 Company expectations for fiscal 2022: -Volume point growth vs. 2021 to be (2.0)%–4.0% -Net sales growth vs. 2021 to be 0.0%–6.0% -Adjusted diluted EPS to be $4.25–$4.75 -Adjusted EBITDA to be $785–$845 -Capital expenditure to be $175–$225 Bath & Body Works, Inc. Announced 24/02/22 6/1/2022 Company expectations for the first quarter of fiscal 2022: -Earnings per share from continuing operations to be in $0.47–$0.55 Company expectations for fiscal 2022: -Earnings per share from continuing operations to be $4.30–$4.70 The TJX Companies, Inc. Announced 23/02/22 24/02/21 Company expectations for the first quarter of fiscal 2023: -Comparable store sales to be up 1%–3% -Diluted earnings per share to be $0.58–$0.61 Company expectations for fiscal 2023: -Comparable store sales to be up 3%–4% Lowe's Companies, Inc. Announced 23/02/22 15/12/21 Company expectations for fiscal 2022: -Total sales to be $97–99 billion -Comparable sales to be (1)% –1% -Gross margin rate to be up slightly -Depreciation and amortization to be $1.75 billion -Operating margin to be 12.8%–13.0% -Interest expense to be $1.0–$1.1 billion -Effective income tax rate to be 25% -Diluted earnings per share to be $13.10–13.60 -Total share repurchases to be approximately $12 billion -Capital expenditures to be approximately $2 billion Macy's, Inc. Announced 22/02/22 18/11/21 Company expectations for fiscal 2022: -Net sales to be in the range of $24.460–$24.700 billion -Net sales to be flat to up 1.0% growth versus 2021 -Comparable owned plus licensed sales three-year CAGR to be 1.1%–1.4% -Adjusted EBITDA as a percent of sales to be 11.0%–11.5% -Adjusted diluted earnings per share to be $4.13–$4.52 The Home Depot, Inc. Announced 22/02/22 25/02/20 Company expectations for fiscal 2022: -Sales and comparable sales growth to be positive -Operating margins to be approximately flat -Tax rate to be 24.6% -Diluted earnings per share to be in the low single digits Walmart Inc. Announced 17/02/22 16/11/21 Company expectations for fiscal 2023: -Consolidated net sales to increase about 3% on a constant currency basis -Comp sales growth excluding fuel for Walmart US to be slightly above 3% -Consolidated operating income to increase about 3% on a constant currency basis -Effective tax rate to be in the range of 25%–26% -EPS growth to be in the mid single-digits -Capital expenditures to be in the upper end of the 2.5%–3% range Reckitt Benckiser Group PLC Announced 17/02/22 27/08/21 Company expectations for fiscal 2022: -Net revenue is expected to grow in the range of 1%–4% -Adjusted operating margins to be around of 22.9% -Like-for-like net revenue growth to be in the mid single-digits Crocs, Inc. Announced 16/02/22 10/1/2022 Company expectations for the first quarter of fiscal 2022: -Revenues to be in the range of $605–$630 million -Excluding HEYDUDE, Crocs brand revenues to be in the range of $520–$535 million -Organic growth to be in the range of 13%–16% -Adjusted operating margin to be around 22% -Non-GAAP adjustments of $30 million in SG&A costs, principally linked to the HEYDUDE acquisition Company expectations for fiscal 2022: -Crocs revenue, excluding HEYDUDE, to grow around 20% -HEYDUDE's revenue is expected to reach between $700–$750 million -Gross margin to include an incremental $75 million of air freight in the first half of 2022 -The adjusted operating margin to be roughly 26% -The combined GAAP tax rate to be approximately 25% -Non-GAAP effective tax rate to be around 22% -Adjusted diluted earnings per share to be in the range of $9.70–$10.25 -Capital expenditures to be in the range of $170–$200 million Koninklijke Ahold Delhaize N.V. Announced 16/02/22 17/02/21 Company expectations for fiscal 2022: -The operating margin is expected to be at least 4.0 % -Underlying EPS is likely to fall by the low to mid single-digits -The free cash flow will be around €1.7 billion ($1.93 billion) -Net capital expenditures will be around €2.5 billion ($2.84 billion) -Full-year dividend to be €0.95 ($1.08) per share -Share repurchase expenditure to be €1 billion ($1.14 billion) Under Armour, Inc. Announced 11/2/2022 2/11/2021 Company expectations for the first quarter of fiscal 2022: -Revenue to grow by mid-single digits -Gross margin to be down 200 basis points -Operating income to be $30–35 million -Diluted earnings per share to be $0.02–$0.03 Tapestry, Inc. Revised 10/2/2022 19/08/21 Company expectations for fiscal 2022: -Revenue to be $6.75 billion, up from the previous forecast of $6.6 billion -Net interest expense to be $60–65 million -Tax rate to be 18.5% -Weighted average diluted share count to be 274 million -Earnings per diluted share to be in the range of $3.60–$3.65, up from previous guidance of $3.4–$3.50 CVS Health Corporation Revised 9/2/2022 11/1/2022 Company expectations for fiscal 2022: -GAAP diluted EPS from continuing operations to be $7.04–$7.24 -Adjusted EPS to be $8.10–$8.30 -Cash flow from operations to be $12.0–13.0 billion, from previous guidance of $12.5–13.0 billion The Clorox Company Announced 3/2/2022 1/11/2021 Company expectations for fiscal 2022: -Net sales to decline by 1%–4% -Gross margin to decline by around 750 basis points -Diluted EPS to be $3.80–$4.05, representing a decrease of 32%–27% -Adjusted EPS to be $4.25–$4.50, representing a decrease of 41%–38% -Company's investment in long-term strategic digital capabilities to be around $90 million -Effective tax rate to be 22%–23% Columbia Sportswear Company Announced 3/2/2022 28/10/21 Company expectations for fiscal 2022: -Net sales to be $3.63–3.69 billion, representing a rise of 16%–18% -Operating income to be in the range of $472–498 million, with an operating margin of 13.0%–13.5% -Diluted EPS to be $5.50–$5.80 Deckers Outdoor Corporation Announced 3/2/2022 28/10/21 Company expectations for fiscal 2022: -Net sales to be $3.03–3.06 billion -Gross margin to be around 51.5% -SG&A expenses as a proportion of sales to be around 34.0% -Operating margin to be around 17.5% -Effective tax rate to be around 21.5% -Diluted EPS to be $14.50–$15.15 Skechers U.S.A., Inc Announced 3/2/2022 28/10/21 Company expectations for the first quarter of fiscal 2022: -Net sales to be $1.675–1.725 billion -Diluted EPS to be $0.70–$0.75 Company expectations for fiscal 2022: -Sales to be in the range of $7.0–7.2 billion -Diluted EPS to be $2.70–$2.90 Amazon.com, Inc. Announced 3/2/2022 28/10/21 Company expectations for the first quarter of fiscal 2022: -Net sales to be $112.0–117.0 billion, representing growth of 3%–8% -Operating income to be $3.0–$6.0 billion Ralph Lauren Corporation Announced 3/2/2022 2/11/2021 Company expectations for the fourth quarter of fiscal 2022: -Revenues to increase in the range of 17%–18% -Operating margin to be approximately 4.2% -Tax rates to be in the range of 21%–22% Ralph Lauren Corporation Revised 3/2/2022 2/11/2021 Company expectations for fiscal 2022: -Revenue growth to be around 39%–41%, compared to its previous forecast of 34%–36% growth -Operating margin to be about 13%, up from a previous range of 12%–12.5% -Gross margin to rise 70–90 basis points, up from previous guidance of 50–70 basis points Hanesbrands Inc. Announced 3/2/2022 4/11/2021 Company expectations for the first quarter of fiscal 2022: -Net sales from continuing operations to be in the range of $1.51– $1.57 billion -GAAP operating profit from continuing operations to be in the range of $120–$150 million -Adjusted operating profit from continuing operations to be in the range of $135–$165 million -Interest and other expenditures to be around $35 million -Effective tax rate to be around 17% -GAAP profits per share from continuing operations to be in the range of $0.20–$0.27 -Earnings per share from ongoing operations to be in the range of $0.24–$0.31 The Estée Lauder Companies Inc Announced 3/2/2022 2/11/2021 Company expectations for the third quarter of fiscal 2022: -Net sales to rise in the range of 10%–12% -Diluted net earnings per common share to to be in the range of $1.51–$1.63 -Adjusted diluted earnings per common share on a constant currency basis to be in the range of (5%)–1% Company expectations for fiscal 2022: -Net sales to grow in the range of 13%–16% -Diluted net earnings per common share to be in the range of $7.28–$7.48 -Adjusted diluted net earnings per common share is expected to be in the range of $7.43–$7.58 -Adjusted diluted profits per common share to grow in the range of 14–17% Capri Holdings Limited Announced 2/2/2022 3/11/2021 Company expectations for the first quarter of fiscal 2023: -Revenue to be around $1.35 billion -Adjusted operating margin to be around 18.5% -Adjusted EPS to be around $1.45 Company expectations for the second quarter of fiscal 2023: -Revenue to be around $1.45 billion -Adjusted Operating margin to be around 18.0% -Adjusted EPS to be around $1.60 Company expectations for the third quarter of fiscal 2023: -Revenue to be around $1.75 billion -Adjusted operating margin to be around 23.5% -Adjusted EPS to be around $2.50 Company expectations for the fourth quarter of fiscal 2023: -Revenue to be around $1.55 billion -Adjusted operating margin to be around 15.0% -Adjusted EPS to be around $1.05 Capri Holdings Limited Announced 2/2/2022 3/11/2021 Company expectations for the fourth quarter of fiscal 2022: -Total revenue to be around $1.4 billion -Operating margin to be around 13.5% -Net interest income to be around $5 million -Effective tax rate to be around 38% -Weighted average diluted shares outstanding to be around 151 million -Diluted earnings per share to be around $0.80 -For Versace, -Total revenue to be around $310 million -Operating margin to be around 15% -For Jimmy Choo, -Total revenue to be around $140 million -Operating margin to be around (10)% -For Michael Kors, -Total revenue to be around $950 million -Operating margin to be around 20% Company expectations for fiscal 2022: -Total revenue to be around $5.56 billion -Operating margin to be around 19% -Net interest income to be around $17 million -Effective tax rate to be around 14% -Weighted average diluted shares outstanding to be around 153 million -Diluted earnings per share to be around $6.00 -For Versace, -Total revenue to be around $1.08 billion -Operating margin to be around 17% -For Jimmy Choo, -Total revenue to be around $600 million -Operating margin to be around 2% -For Michael Kors, -Total revenue to be around $3.88 billion -Operating margin to be around 25% Tractor Supply Company Announced 27/01/22 21/10/21 Company expectations for fiscal 2022: -Net sales in the range of $13.6–13.8 billion -Comparable store sales in the range of 3.0%–4.5% -Operating margin rate in the range of 10.1%–10.3% -Net income in the range of $1.04–1.08 billion -Earnings per diluted share in the range of $9.20–$9.50 -Effective tax rate in the range of 22.6%–23.1% -Capital expenditures in the range of $625–675 million -Share repurchases in the range of $700–800 million Tesco PLC Announced 13/01/22 13/01/22 Company expectations for fiscal 2022: -Retail operating profit to be slightly higher than the top end of the previous range of £2.5–2.6 billion ($3.4–3.6 billion), as a result of stronger-than-expected sales to date -Bank operating profit to be £160–200 million ($219–274 million) as a result of the effect of more favorable economic expectations American Eagle Outfitters Announced 11/1/2022 14/04/21 Company expectations for the fourth quarter of fiscal 2021: -Revenue to increase by a mid-to-high teens rate -Operating income to be in the range of $90–100 million American Eagle Outfitters Revised 11/1/2022 14/04/21 Company expectations for fiscal 2023: -Revenue to be $5.8 billion, up from previous guidance of $5.5 billion -Operating income to be $800 million, up from previous guidance of $550 million -Operating margin to be 13.5%, up from previous guidance of 10% -Aerie revenue to increase at a compound annual growth rate of 20% from fiscal 2019 to fiscal 2023, reaching $2.2 billion -American Eagle sales to be up slightly higher than fiscal 2019, at over $3.6 billion, due to increased profitability Albertsons Companies, Inc. Revised 11/1/2022 18/10/21 Company expectations for fiscal 2021: -Identical sales to be (0.8)%–(1.2)%, up from previous guidance of (2.5)%–(3.5)% -Adjusted EBITDA to be $4.25–4.30 billion, up from previous guidance of $3.95–4.05 billion -Adjusted net income per Class A common share to be $2.90–$2.95, up from previous guidance of $2.50–$2.60 -Effective tax rate to be 22.5%–23.5%, down from previous guidance of 23%–24% -Capital spending to be $1.8–1.9 billion, down from previous guidance of $1.9–2.0 billion CVS Health Corporation Revised 11/1/2022 18/11/21 Company expectations for fiscal 2021: -Total revenues to be at least $290.3 billion, up from previous guidance of $286.5–290.3 billion -GAAP diluted EPS to be $5.50–$5.61, up from previous guidance of $5.46–$5.67 -Adjusted operating income be at least $16.6 billion, up from previous guidance of $16.4–16.6 billion -Adjusted EPS to be at least $8.00, up from previous guidance of $7.90–$8.00 -Cash flow from operations be at least $13.5 billion, up from previous guidance of $13.0–13.5 billion CVS Health Corporation Announced 11/1/2022 18/11/21 Company expectations for fiscal 2022: -Revenue to be $304.0–309.0 billion -GAAP diluted EPS to be $7.04–$7.24 -Adjusted operating income to be $16.7–17.1 billion -Adjusted EPS to be $8.10–$8.30 -Cash flow from operations to be $12.5–13.0 billion Five Below, Inc. Announced 10/1/2022 1/12/2021 Company expectations for the fourth quarter of fiscal 2021: -Net sales to be $985–1,005 million -Comparable sales to grow 2%–4% -Diluted income per common share to be $2.36–$2.48 -Outstanding diluted weighted average shares to be around 56.4 million Company expectations for fiscal 2021: -Net sales to be $2.84–2.86 billion -Comparable sales to grow around 30% -Diluted income per common share to be $4.82–$4.94 -Outstanding diluted weighted average shares to be around 56.4 million Lululemon Athletica Inc. Announced 10/1/2022 8/8/2021 Company expectations for the fourth quarter of fiscal 2021: -Net revenue to be around the low end of previous guidance of $2.125–2.165 billion -Adjusted diluted earnings per share to be toward the low end of previous guidance of $3.25–$3.32 Bath & Body Works, Inc. Revised 6/1/2022 17/11/21 Company expectations for the fourth quarter of fiscal 2021: -Earnings per share will be at the high end of the company's previous estimate of $2.10–$2.25 Next plc Revised 6/1/2022 3/11/2021 Company expectations for fiscal 2022: -Full-price sales to be £4.3 billion ($4.86 billion), up from previous guidance of £4.2 billion ($4.74 billion) -Group profit before tax to be £822 million ($928.90 million), up from previous guidance of £800 million ($905.4 million) -Basic profit per share to be £5.3 ($7.163), up from previous guidance of £5.17 ($7.034) Company expectations for fiscal 2023: -Full-price sales to be £4.6 billion ($5.20 billion) -Profit before tax to be £860 million ($971.84 million ) -Basic earnings per share of £5.34 ($7.214) Vipshop Holdings Limited Revised 27/12/21 18/11/21 Company expectations for the fourth quarter of fiscal 2021: -Net revenue to be ¥34.0–35.8 billion ($5.34–5.62 billion), representing year-over-year growtth of (5)% to flat NIKE, Inc. Factored for impact of Covid-19 20/12/21 24/06/21 Company expectations for the third quarter of fiscal 2022: -Revenue to grow by low-single digits in percentage terms versus the prior year Company expectations for fiscal 2022: -Revenue to grow by mid-single digits in percentage terms versus the prior year -Gross margin to increase by 150 basis points versus the prior year -Effective tax rate to be in the low teens in percentage terms Boohoo Group plc Revised 16/12/21 30/08/21 Company expectations for fiscal 2022: -Net sales growth to be in the range of 12%–14%, compared to the previous guidance range of 20%–25% -Adjusted EBITDA margin to be in the range of 6%–7%, compared to the previous guidance range of 9%–9.5% -Cash-exceptional items to total around £33 million ($44.5 million), compared to the previous guidance of £22.5 million ($33.3 million) Lowe's Companies, Inc. Factored for impact of Covid-19 15/12/21 17/11/21 Company expectations for fiscal 2021: -Total sales to be $95 billion, representing a two-year comparable sales increase of 33% -Gross margin rate to be 33.1% -Operating income as a percentage of sales to be 12.4% -Total share repurchases of $12 billion with a return on investment of over 33% Company expectations for fiscal 2022: -Total sales to range from $94–97 billion -Total sales increased by nearly $1.0–1.5 billion in the 53rd week of fiscal 2022 -Comparable sales to be in the range of (3)%-0% -Gross margin growth rate to be flat -Depreciation and amortization to be approximately $1.7 billion -Operating margin to be 12.5%–12.8% -Interest expense to be $1.0–1.1 billion -Tax rate to be 25% -Diluted earnings per share to be in the range of $12.25–$13.00 -Total share repurchases of approximately $12 billion -Return on invested capital to be approximately 35% RH Factored for impact of Covid-19 8/12/2021 8/9/2021 Company expectations for fiscal 2021: -Revenue to grow 32%–33%, up from previous guidance of 31%–33% -Adjusted operating margins to be in the range of 25.3%–25.5%, up from previous guidance of 24.9%–25.5% Rent the Runway, Inc. Factored for impact of Covid-19 8/12/2021 Company expectations for the fourth quarter of fiscal 2021: -Revenue to be in the range of $62.8–63.3 million -Adjusted EBITDA margin of (8)% Company expectations for fiscal 2021: -Revenue to be in the range of $202.0–202.5 million -Adjusted EBITDA margin of (9)% Stitch Fix, Inc. Factored for impact of Covid-19 7/12/2021 21/09/21 Company expectations for the second quarter of fiscal 2022: -Net revenue to be in the range of $505–520 million -Net revenue growth to be in the range of 0%–3% -Adjusted EBITDA to be in the range of ($5)–5 million Company expectations for fiscal 2022: -Net revenue to grow at a high single-digit rate -Adjusted EBITDA margin to be in the range of 1%–2% Big Lots, Inc. Factored for impact of Covid-19 3/12/2021 31/08/21 Company expectations for the fourth quarter of fiscal 2021: -Diluted earnings per share to be in the range of $2.05–$2.20 -Gross margin to be down approximately 150 basis points Company expectations for fiscal 2021: -Comparable sales to decrease in the low single-digits -Diluted earnings per share to be in the range of $5.70–$5.85 Ulta Beauty, Inc. Revised 2/12/2021 25/08/21 Company expectations for fiscal 2021: -Net sales to be $8.5–8.6 billion, up from previous guidance of $8.1–8.3 billion -Comparable sales to grow 36%–37%, up from previous guidance of 30%–32% -Remodel and relocation projects down from 18 to 17 -Operating margin to be 14.3%–14.5%, up from previous guidance of 13% -Diluted earnings per share to be in the range of $16.70–$17.10, up from previous guidance of $14.50–$14.70 -Effective tax rate to be 24.4%, down from previous guidance of 24.8% -Capital expenditures to be $200–225 million, down from previous guidance of $225–250 million Ollie's Bargain Outlet Holdings Inc. Factored for impact of Covid-19 2/12/2021 26/08/21 Company expectations for fiscal 2021: -Net sales to be in the range of $1.762–$1.772 billion -Comparable store sales to grow in the range of 3.5%–4.0% as compared to fiscal 2019 -Gross margin rate to be in the range of 38.6%–38.8% -Adjusted net income to be in the range of $150–153 million -Adjusted net income per diluted share to be in the range of $2.30–$2.35 The Kroger Co. Factored for impact of Covid-19 2/12/2021 4/3/2021 Company expectations for fiscal 2021: -Comparable sales stack on an adjusted basis to grow in the range of (0.4)%–(0.2)%. -Earnings per share on an adjusted basis to grow in the range of $3.40–$3.50 -Operating profit on an adjusted basis to be in the range of 22.1%–22.5% -Comparable sales stack on a two-year basis to be in the range of 13.7%–13.9%. - Earnings per share on a two-year basis to grow in the range of 25%–26%. -Operating profit on a two-year basis to be in the range of 17%–18.4% Dollar General Corporation Revised 2/12/2021 26/08/21 Company expectations for fiscal 2021: -Net sales growth of 1.0%–1.5%, compared to the 0.5%–1.5% previously forecast -Diluted EPS to be in the range of $9.90–$10.20, reflecting a compound annual growth rate of 22%–24% compared to its previous projection in the range of $9.60–$10.20 over a two-year period -Effective tax rate of around 22%, compared to a range of 22%–22.5% previously -Capital expenditures to be in the range of $1.1–1.2 billion -Open 1,050 new stores, remodel 1,750 stores and relocate 100 stores -Share repurchses to be $2.4 billion Five Below, Inc. Factored for impact of Covid-19 1/12/2021 1/9/2021 Company expectations for the fourth quarter of fiscal 2021: -Net sales to be in the range of $985–$1,005 million -Comparable sales to grow 2%–4% -Net income to be $133–140 million -Diluted income per common share to be in the range of $2.36–$2.48 Company expectations for fiscal 2021: -Comparable sales to grow 30% -Net sales to be in the range of $2.83–2.85 billion -Net income to be in the range of $272–279 million -Diluted weighted average shares outstanding to be around 56.4 million -Diluted income per common share to be in the range of $4.82–$4.94 PVH Corp. Revised 1/12/2021 31/08/21 Company expectations for fiscal 2021: -Revenue to grow 27%–28% -On a GAAP basis earnings per share to be around $10.75, compared to $(15.96) in 2020 -Non-GAAP earnings per share to be around $9.25, compared to $(1.97) in 2020 -On a GAAP basis, net interest expense to drop to around $105 million in 2021, down from $121 million in 2020 -On a GAAP basis, effective tax rate to be in the range of 7.5%–8.5% -On a non-GAAP basis, effective tax rate to be in the range of 16%–17% PVH Corp. Factored for impact of Covid-19 1/12/2021 31/08/21 Company expectations for the fourth quarter of fiscal 2021: -Revenue to rise by 11%–14% -On a GAAP basis, earnings per share to be around $3.00, up from $(0.81) in the prior-year period -On a non-GAAP basis, earnings per share to be around $1.94, up from $(0.38) in the prior-year period -Effective tax rate on a GAAP basis will be in the range of (190)%–(230)% -Effective tax rate on a non-GAAP basis will be in the range of (85)%–(115)%. This includes an estimated discrete tax benefit to be recorded in the fourth quarter resulting from a tax accounting method change made in conjunction with its 2020 US federal income tax return. Guess?, Inc. Revised 23/11/21 25/08/21 Company expectations for the fourth quarter of fiscal 2021: -Revenues will be down mid-single digits compared to the fourth quarter of fiscal 2020 -Operating margin of 13.1% Company expectations for fiscal 2021: -Revenues will be down low-single digits compared to fiscal 2020 -Operating margin of 11.0% The Gap, Inc. Factored for impact of Covid-19 23/11/21 26/08/21 Company expectations for fiscal 2021: -Net sales to grow by around 20% -Diluted earnings per share to be in the range of $0.45–$0.60 -Net interest expense of $163 million, versus previous estimate of $47 million -Operating margin to be around 4.5% -Adjusted operating margin to be around 5% -Tax rate to be approximately 23%. -Adjusted effective tax rate of around 26% -Capital expenditures to be around $800 million Nordstrom, Inc. Factored for impact of Covid-19 23/11/21 24/08/21 Company expectations for fiscal 2021: -Retail sales and credit card revenues to grow more than 35% -EBIT margin to be approximately 3.0%–3.5 % of sales -Income tax rate to be approximately 27% -Leverage ratio to be approximately 3x by year-end Dick's Sporting Goods, Inc. Factored for impact of Covid-19 23/11/21 25/08/21 Company expectations for fiscal 2021: -Net sales to be in the range of $12.12–12.19 billion -Consolidated same-store sales to be in the range of 24.0%–25.0% -Income before income taxes to be in the range of $1.86–1.89 billion -Income as a percentage of net sales to be in the range of 15.3%–15.5% -Income before income taxes, non-GAAP to be in the range of $1.89–1.92 billion -Income before income taxes, non-GAAP as a percentage of net sales to be in the range of 15.6%–15.8% -Earnings per diluted share to be in the range of $12.88–$13.06 -Earnings per diluted share, non-GAAP to be in the range of $14.60–$14.80 -Weighted average diluted shares to be 110.5 million -Non-GAAP weighted average diluted shares to be 99 million -Gross capital expenditures to be in the range of $370–395 million -Net capital expenditures to be in the range of $300–325 million Dollar Tree, Inc. Factored for impact of Covid-19 23/11/21 26/08/21 Company expectations for the fourth quarter of fiscal 2021: -Net sales will range from $7.02–7.18 billion, -Same-store sales to grow by low single digits -Diluted earnings per share to be in the range of $1.69–$1.79 Company expectations for fiscal 2021: -Net sales to range from $26.25–26.41 billion, -Same-store sales to grow by low single digits -Square footage growth to be around 3.3% -Diluted earnings per share to be in the range of $5.48–$5.58 Best Buy Co., Inc. Factored for impact of Covid-19 23/11/21 24/08/21 Company expectations for the fourth quarter of fiscal 2021: -Revenue to be in the range of $16.4–16.9 billion -Comparable sales growth to be in the range of (2.0)%–1.0% -Non-GAAP gross profit rate to decline by approximately 30 basis points compared to last year -Non-GAAP SG&A dollar growth to be approximately 8% compared to last year -Non-GAAP effective income tax rate to be 24.0% Best Buy Co., Inc. Revised 23/11/21 24/08/21 Company expectations for fiscal 2022: -Revenue to be $51.8–52.3 billion, up from the previous forecast of $51.0–52.0 billion. -Comparable sales growth to be in the range of 10.5%–11.5%, up from the previous forecast of 9%–11% growth -Non-GAAP SG&A increase of about 9.5%, compared to a previous forecast of 9% Foot Locker, Inc Factored for impact of Covid-19 19/11/21 19/11/21 Company expectations for fiscal 2021: -Sales growth to be in the high teens -Comparable sales to grow in the mid-teens -Gross margin rate to grow 540–550 basis points versus 2020 Alibaba Group Holding Limited Factored for impact of Covid-19 18/11/21 13/05/21 Company expectations for fiscal 2022: -Revenue to grow 20%–23% year over year Williams-Sonoma, Inc Factored for impact of Covid-19 18/11/21 25/08/21 Company expectations for fiscal 2021: -Net revenue to grow 22%–23% -Non-GAAP operating margin to be in the range of 16.9%–17.1% Ross Stores, Inc. Factored for impact of Covid-19 18/11/21 19/08/21 Company expectations for fiscal 2021: -Earnings per share to be $4.65–$4.75 -Comparable store sales to grow 12%–13% Kohl's Corporation Revised 18/11/21 19/08/21 Company expectations for fiscal 2022: -Net sales to grow in the mid-twenties range, compared to previous expectations of a low-twenties percentage range increase -Operating margin to be 8.4%–8.5%, compared to the previous expectation of 7.4%–7.6% -Adjusted earnings per share excluding any non-recurring charges to be $7.10–$7.30, compared to the previous expectations of $5.80–$6.10 Macy's, Inc. Revised 18/11/21 19/08/21 Company expectations for fiscal 2022: -Net sales to be in the range of $24.12–$24.28 billion compared to previous guidance of $23.55–$23.95 billion -Adjusted diluted earnings per share to be in the range of $4.57–$4.76, compared to previous guidance of $3.41–$3.75 -Adjusted EBITDA as a percent of sales to be greater than 12.5%, compared to previous guidance of 11%–11.5% Company expectations for the fourth quarter of fiscal 2021: -Comparable sales to grow 2%–4% in comparison to 2019 Vipshop Holdings Limited Factored for impact of Covid-19 18/11/21 18/08/21 Company expectations for the fourth quarter of fiscal 2021: -Net revenue to be ¥35.8–37.6 billion ($5.61–5.89 billion), representing year-over-year growth rate of 0%–5% Bath & Body Works, Inc. Factored for impact of Covid-19 17/11/21 18/08/21 Company expectations for the fourth quarter of fiscal 2021: -Earnings per share to be $2.10–$2.25, compared to $1.96 in 2020 and $1.41 in 2019 Lowes Companies, Inc Revised 17/11/21 18/08/21 Company expectations for fiscal 2021: -Revenue to be over $95 billion, indicating two-year comparable sales growth of around 33%, up from previous guidance of $92 billion -Operating income as a percentage of sales to be 12.4%, up from previous guidance of 12.2% -Total share repurchases will be approximately $12 billion, up from previous gidance of $9 billion Target Corporation Revised 17/11/21 18/08/21 Company expectations for the fourth quarter of fiscal 2021: -Comparable sales growth to be in the high-single digits to low-double digits, compared to previous guidance of a high-single-digit increase Company expectations for fiscal 2021: -Operating income margin rate to be at least 8% Walmart Inc. Revised 16/11/21 17/08/21 Company expectations for fiscal 2022: -Comparable sales excluding fuel in the US to grow by more than 6%, up from previous guidance of 5%–6% -GAAP EPS to be around $5.00 -Adjusted EPS to be roughly $6.40, up from previous guidance of $6.20–$6.35 -Capital expenditures of around $13 billion Grocery Outlet Holding Corp. Factored for impact of Covid-19 9/11/2021 10/8/2021 Company expectations for the fourth quarter of fiscal 2021: -Comparable store sales to be in the range of (3.5)%–(2.5)% -Eight new stores to open, with a total of 36 new stores in fiscal 2021 Coty Inc. Revised 8/11/2021 26/08/21 Company expectations for fiscal 2022: -Like for like sales to grow in the low-to-mid teens, up from previous guidance of low teens growth -Adjusted EBITDA to be at least $900 million - Adjusted EPS to be in the range of $0.19–$0.23 Canada Goose Holdings Inc. Revised 5/11/2021 11/8/2021 Company expectations for fiscal 2022: -Total revenue to be in the range of $1.125–1.175 billion, compared to a previous guidance of over $1.0 billion -Non-IFRS adjusted EBIT to be in the range of $186–208 million, representing a 16.5%–7.7% adjusted EBIT margin -Non-IFRS adjusted net income per diluted share to be in the range of $1.17 –$1.33 Hanesbrands Inc. Factored for impact of Covid-19 4/11/2021 5/8/2021 Company expectations for the fourth quarter of fiscal 2021: -Net sales to be in the range of $1.71–1.78 billion -GAAP operating profit to be in the range of $182–202 million -Adjusted operating profit to be in the range of $200–220 million -Charges for actions related to Full Potential to be around $18 million -Effective tax rate to be 12% on both a GAAP and an adjusted basis -GAAP earnings per share from continuing operations to be in the range of $0.24–$0.29 -Adjusted earnings per share from continuing operations to be in the range of $0.40–$0.45 Company expectations for fiscal 2021: -Net sales to be in the range of $6.76 –6.83 billion -GAAP operating profit from continuing operations to be in the range of $825–845 million -Adjusted operating profit from continuing operations to be in the range of $910–930 million -GAAP earnings per share from continuing operations to be in the range of $1.53–$1.58 -Adjusted earnings per share from continuing operations to be in the range of $1.79–$1.84 -Cash flow from operations to be around $550– 600 million -Capital expenditures to be around $75–85 million Wayfair Inc. Factored for impact of Covid-19 4/11/2021 6/4/2021 Company expectations for the fourth quarter of fiscal 2021: - Net revenue to be higher than in the third quarter CVS Health Corporation Revised 3/11/2021 4/8/2021 Company expectations for fiscal 2021: -GAAP diluted EPS to be $6.13–$6.23, up from previous guidance of $6.35–$6.45 -Adjusted EPS to be $7.90–$8.00, up from previous guidance of $7.70–$7.80 -Cash flow from operations to be $13.0–13.5 billion, up from previous guidance of $12.5–13.0 billion. Capri Holdings Limited Factored for impact of Covid-19 3/11/2021 30/07/21 Company expectations for the third quarter of fiscal 2022: -Total revenue of $1.46 billion -Operating margin of 20% -Diluted earnings per share of $1.65 Versace: -Total revenue to be around $235 million -Operating margin to be in the low-double-digit range Jimmy Choo: -Total revenue to be around $145 million -Operating margin to be in the negative mid-single-digit range Michael Kors: -Total revenue to be around $1.08 billion -Operating margin to be in the high 20% range Company expectations for fiscal 2022: -Total revenue to be $5.4 billion -Operating margin to be 18% -Net interest income to be $10 million -Effective tax rate to be 17% -154 million outtanding weighted average diluted shares -Diluted earnings per share to be $5.30 Versace: -Total revenue to be around $1.06 billion -Operating margin to be around in the mid-teens range Jimmy Choo: -Total revenue to be $575 million -Operating margin to be slightly negative Michael Kors: -Total revenue of $3.765 billion -Operating margin to be in the mid-20% range Next plc Factored for impact of Covid-19 3/11/2021 29/09/21 Company expectations for the fourth quarter of fiscal 2021: -Full-price sales to increase by 10% Company expectations for fiscal 2021: -Full-price sales to increase by 11% The Macerich Company Factored for impact of Covid-19 3/11/2021 4/8/2021 Company expectations for fiscal 2021: -Diluted EPS to be in the range of $0.09–$0.17 Zalando SE Factored for impact of Covid-19 3/11/2021 5/8/2021 Company expectations for fiscal 2021: -Gross merchandise value to grow 31%–36% to €14.0–14.6 billion ($16.2–$16.9) -Revenue to increase by 26%–31% to €10.1–10.5 billion ($11.7–12.1 billion) -Adjusted EBIT to be in the upper part of the indicated range of €400–475 million ($462.5–549.2 million) Ralph Lauren Corporation Factored for impact of Covid-19 2/11/2021 3/8/2021 Company expectations for the third quarter of fiscal 2022: -Revenue to grow 14%–16% on a constant currency basis -Operating margin to be 13.0%–13.5% -Effective tax rate to be 22%–23% Company expectations for fiscal 2022: -Revenue to grow 34%–36% -Operating margin to be 12.0%–12.5% -Gross margin to increase at the high end of previous guidance of 50–70 basis points -Effective tax rate to be 21%–22% The Estée Lauder Companies Inc. Factored for impact of Covid-19 2/11/2021 19/08/21 Company expectations for the second quarter of fiscal 2022: -Net sales to grow in the range of 11–13% -Organic net sales to grow in the range of 8–10% -Diluted net earnings per common share to be in the range of $2.47–$2.59 -Diluted net earnings per common share, excluding restructuring and other charges and adjustments, to be in the range of $2.51–$2.61 -Charges for the Post-Covid Business Acceleration Program to be in the range of $10–20 million, or $0.02–0.04 per diluted common share -Adjusted diluted profits per common share are expected to be flat to (4)% on a constant currency basis Company expectations for fiscal 2022: -Net sales to grow in the range of 12–15%, ahead of the company's long-term aim of 6–8% -Organic net sales to grow in the range of 9–12% -Diluted net earnings per common share to be in the range of $7.09–$7.30 -Diluted net profits per common share, excluding restructuring and other charges and adjustments, to be in the range of $7.23–$7.38 -Charges for the Post-Covid Business Acceleration Program to be in the range of $40–$70 million, or $0.8–$0.14 per diluted common share -Adjusted diluted earnings per common share to grow by 11–14% on a constant currency basis Under Armour, Inc. Factored for impact of Covid-19 2/11/2021 3/8/2021 Company expectations for fiscal 2021: -Revenue to increase approximately 25%, up from previous guidance of a low-twenties percentage increase -Gross margin is expected to grow by 130 basis points, compared to the previous guidance of an approximately 50–70 basis point -Operating income to be $425 million, up from previous guidance of $215–$225 million. -Adjusted operating income to be $475 million, up from previous guidance of $340–$350 million. -Diluted earnings per share to be $0.55, up from previous guidance of diluted earnings per share of $0.14–$0.16. -Adjusted diluted earnings per share to be $0.74, up from previous guidance of $0.50–$0.52. Simon Property Group, Inc. Factored for impact of Covid-19 1/11/2021 2/8/2021 Company expectations for fiscal 2021: -Net income per diluted share to be in the range of $6.61–6.71 -Funds from operation per diluted share to be in the range of $11.55–11.65 Amazon.com, Inc. Factored for impact of Covid-19 28/10/21 29/07/21 Company expectations for the fourth quarter of fiscal 2021: -Net sales to be around $130.0–140.0 billion, representing a growth rate of 4–12% -Operating income to be around $0–3.0 billion, compared to $6.9 billion in the fourth quarter of 2020 eBay Inc. Factored for impact of Covid-19 27/10/21 11/8/2021 Company expectations for the fourth quarter of fiscal 2021: -Revenue to be in the range of $2.57–2.62 billion -Organic FX-Neutral year-over-year growth to be in the range of 3%–5% -GAAP diluted EPS to be in the range of $0.72–$0.76 -Non-GAAP diluted EPS to be in the range of $0.97–$1.01 V.F. Corporation Revised 22/10/21 30/07/21 Company expectations for fiscal 2021: -Revenue to be over $12.0 billion, representing a 30% increase, with the Supreme® brand contributing around $600 million -Outdoor revenue to increase by 25%–27%, up from a previous expectation of 24%–26% -Active revenue to increase by 35%–37%, up from a previous expectation of 37%–39% -Work revenue to increase by 19%–21%, up from a previous expectation of 16%–18% -International income to grow in the range of 24%–26% -Direct-to-consumer revenue to grow 34%–36% -Digital revenue to increase by 20% -Gross margin to be around 56% after adjustments -Adjusted operating margin to be roughly 13% -Adjusted earnings per share to be $3.20, with the Supreme® brand contributing $0.25 -Adjusted cash flow from operations to surpass $1.0 billion -Tax rate to be around 15% -Capital expenditures to be around $350 million Tractor Supply Company Factored for impact of Covid-19 21/10/21 19/07/21 Company expectations for fiscal 2021: -Net Sales is expected to be $12.6 billion, up from previous guidance of $12.1–$12.3 billion -Comparable Store Sales to grow by 16%, up from previous guidance of 11–13% -Operating Margin Rate is expected to be in the range of 10.2–10.3%, up from previous guidance of 9.7 –9.9% -Net Income to be in the range of $972–$985 million, up from previous guidance of $895–$930 million -Earnings per Diluted Share to be in the range of $8.40–$8.50, up from previous guidance of $7.70–$8.00 -Effective Tax Rate to be in the range of 22.1–22.3%, up from previous guidance of 22.1–22.4% -Capital Expenditures to be in the range of $550–$600 million, up from previous guidance of $500–$600 million -Share Repurchases to be in the range of $750–$800 million, up from previous guidance of $700–$800 million Albertsons Companies, Inc. Revised 18/10/21 29/07/21 Company expectations for fiscal 2021: -Identical sales to be in the range of (2.5)%–(3.5)%, up from previous guidance of (5)%–(6)%, indicating two-year stacked growth of 13.4%–14.4%, up from 10.9%–11.9% -Adjusted EPS for Class A common shares to be $2.50–$2.60 up from previous guidance of $2.20–$2.30 per share -Adjusted EBITDA to be in the range of $3.95–$4.05 billion, up from previous guidance of $3.7–$3.8 billion -The effective tax rate to be 23%–24% -Budgeted capital expenditures to be unchanged at $1.9–$2.0 billion Fast Retailing Co., Ltd Factored for impact of Covid-19 14/10/21 9/7/2020 Company expectations for fiscal 2022: -Consolidated revenue of ¥2.2 trillion ($0.19 trillion), equating to an increase of 3.1% year over year -Operating profit of ¥270.0 billion ($2.36 billion), equating to an increase of 8.4% year over year -Profit before income taxes of ¥270.0 billion ($2.36 billion), a 1.6% year-over-year increase -Profit attributable to the Parent's owners of ¥175.0 billion ($1.53 billion), a 3.0% increase year-over-year -From September 1, 2021, to February 28, 2022 revenue and profit will drop, owing to the belief that Covid-19 restrictions and temporary store closures will persist to some level, as well as our choice to factor in some negative impact from manufacturing or shipping delays. -Revenue will increase and earnings will increase dramatically in the second half of 2022, from March 1 to August 31. ASOS Plc Factored for impact of Covid-19 11/10/2021 1/2/2021 Company expectations for the First half of fiscal 2021: -Revenue growth to be in the mid-single digits Company expectations for fiscal 2021: -Free Cash Flow generation is expected to be neutral -Sales to grow in the range of 10–15%. -Adjusted PBT projections to be in the range of £110–140 million ($150–$191 million) Levi Strauss & Co. Factored for impact of Covid-19 6/10/2021 8/7/2021 Company expectations for the fourth quarter of fiscal 2021: -Adjusted diluted EPS to be in the range of $0.38–$0.40 -Net revenue to grow 20%–21% Company expectations for fiscal 2021: -Adjusted diluted EPS to be in the range of $1.43–$1.45 Boohoo Group plc Factored for impact of Covid-19 30/09/21 15/06/21 Company expectations for fiscal 2021: -Sales to grow 20%–25% -Adjusted EBITDA margins to be 9.0%–9.5%, compared to previous guidance of 9.5%–10.0% -Capex to be £275 million ($318 million), slightly up from previous guidance of £250 million ($290 million) Company expectations for the second half of fiscal 2021: -Sales to grow by 20%–30% Next plc Revised 29/09/21 21/06/21 Company expectations for the second half of fiscal 2021: -Full-price sales to increase by 12%, up from previous guidance of 6% Company expectations for fiscal 2021: -Full-price sales to increase by 11% Stitch Fix, Inc. Factored for impact of Covid-19 21/09/21 7/6/2021 Company expectations for the first quarter of fiscal 2021: -Net revenue to be $560–575 million, representing 14.0%–17.0% growth -Adjusted EBITDA to be $15–20 million, representing a margin of 2.7%–3.5% Company expectations for fiscal 2021: -Net revenue to increase by 15.0% -The margin on adjusted EBITDA to improve by 2.0% RH Revised 8/9/2021 9/6/2021 Company expectations for fiscal 2021: -Revenue to grow in the range of 31%–33%, up from previous guidance of 25%–30% -Adjusted operating margins to be in the range of 24.9%–25.5%, up from previous guidance of 23.5%–24.3% -Return on invested capital to be around 70%, up from previous guidance of 60% Lululemon Athletica Inc. Factored for impact of Covid-19 8/9/2021 3/6/2021 Company expectations for the third quarter of fiscal 2021: -Net revenue to be in the range of $1.400–1.430 billion -Diluted earnings per share to be in the range of $1.28–$1.33 -Adjusted diluted earnings per share to be in the range of $1.33–$1.38 Company expectations for fiscal 2021: -Net revenue to be in the range of $6.190–6.260 billion - Diluted earnings per share to be in the range of $7.16–$7.26 -Adjusted diluted earnings per share to be in the range of $7.38–$7.48 Five Below, Inc. Factored for impact of Covid-19 1/9/2021 3/6/2021 Company expectations for the third quarter of fiscal 2021: -Net sales to be in the range of $550–565 million -Comparabale sales to grow by mid-single-digits -Net income to be in the range of $12.8–16.7 million -Outstanding diluted weighted average shares to be around 56.4 million -Diluted income per common share to be in the range of $0.23–$0.30 Big Lots, Inc. Factored for impact of Covid-19 31/08/21 28/05/21 Company expectations for the third quarter of fiscal 2021: -Diluted loss per share to be $0.10–$0.20, compared to $0.76 in earnings per diluted share in the third quarter of 2020 Company expectations for fiscal 2021: -Profits per share to be in the range of $5.90–$6.05 PVH Corp. Factored for impact of Covid-19 31/08/21 23/06/21 Company expectations for fiscal 2021: -Revenue to increase by 26–28% -Earnings per share on a GAAP basis to be around $8.80 -Earnings per share on a non-GAAP basis to be around $8.50 -Net interest expense to decrease to $105 million -Effective tax rate to be in the range of 17–18% Company expectations for the third quarter of fiscal 2021: -Revenue to grow in the range of 11–13% -Earnings per share on a GAAP basis to be in the range of $3.00–$3.05 -Earnings per share on a non-GAAP basis to be in the range of $1.95–$2.00 -Net interest on a GAAP basis to decrease by $25 million -Effective tax rate to be in the range of 26–28% Burlington Stores, Inc. Revised 26/08/21 5/3/2021 Company expectations for fiscal 2021: -Capital expenditure to be approximately $510 million, up from previous guidance of $470 million -Depreciation and amortization to be approximately $255 million, versus previous guidance of approximately $260 million -Interest expense to be approximately $70 million, versus previous guidance of approximately $80 million -Effective tax rate is to be approximately 22–23%, versus previous guidance of 24–25% Dollar General Corporation Revised 26/08/21 27/05/21 Revised expectations for fiscal 2021: -Same-store sales to decline by 2.5–3.5%, reflecting growth of approximately 13–14% on a two-year stack basis -Net sales to grow 0.5–1.5%, up from to its previous guidance of a decline of 3–5% -Diluted earnings per share to be in the range of $9.60–$10.20, implying a compound annual growth rate of 20–24% -Effective tax rate to be in the range of 22–22.5% -Share repurchases to be around $2.4 billion -Capital expenditure to be in the range of $1.1–1.2 billion The Gap, Inc. Revised 26/08/21 27/05/21 Revised expectations for fiscal 2021: -Diluted earnings per share guidance to be in the range of $1.90–$2.05, up from previous guidance of $1.55–$1.70 -Diluted earnings per share on an adjusted basis to be in the range of $2.10–$2.25, up from previous guidance of $1.60–$1.75 -Net sales growth to be about 30%, up from previous guidance of 20–25% -Operating margin to be around 7%, up from previous guidance of around 6% -Adjusted operating margin to be around 7.5%, up from previous guidance of around 6% -Effective tax rate to be about 25%, up from previous guidance of around 24% -Adjusted effective tax rate to be about 26%, up from previous guidance of around 24% -Inventory levels to be up by mid-single digits relative to the third quarter of fiscal 2020 Coty Inc. Factored for impact of Covid-19 26/08/21 10/5/2021 Company expectations for the first quarter of fiscal 2022: -Continued growth in the fragrance industry in the US and China, with signs of recovery in the EMEA region and in color cosmetics in all regions -Like-for-like sales growth to be in the high teens for the first quarter of 2021 Company expectations for fiscal 2021: -Like-for-like sales growth to be in the low teens -Adjusted EBITDA of $900 million in constant currency, representing an excellent EBITDA margin increase year over year Dollar Tree, Inc. Factored for impact of Covid-19 26/08/21 27/05/21 Company expectations for the third quarter of 2021: -Net sales to be in the range of $6.40–6.52 billion, based on a low single-digit increase in same-store sales -Diluted earnings per share to be in the range of $0.88–$0.98 Company expectations for fiscal 2021: -Consolidated net sales to be in the range of $26.19–26.44 billion, based on a low single-digit increase in same-store sales and 3.4% square footage growth -Diluted earnings per share to be in the range of $5.40–$5.60 -Freight costs to be $1.50–$1.60 higher per diluted share than fiscal 2020, which includes $0.60–$0.65 per diluted share of additional frieght cost since the company’s previous guidance Ollie's Bargain Outlet Holdings, Inc. Factored for impact of Covid-19 26/08/21 21/06/21 Company expectations for the third quarter of fiscal 2021: -Comparable store sales to increase by 5–7% on a two-year stack basis Nordstrom, Inc. Revised 25/08/21 25/05/21 Company expectations for the second half of fiscal 2021: -Revenue growth, including retail sales and credit card revenues grow around 35%, up from previous guidance of 25% -EBIT margin as a percentage of sales to be in the range of 3.0–3.5%, up from previous guidance of 3% Ulta Beauty, Inc. Revised 25/08/21 27/05/21 Revised expectations for fiscal 2021 -Net sales to be in the range of $8.1–8.3 billion, up from previous guidance of $7.7–7.8 billion -Comparable sales to be in the range of 30–32%, up from previous guidance of 23–25% -44 new stores to open, up from previous guidance of 40 stores -Remodel numbers revised to 18 locations, down from previous guidance of 19 locations -Operating margin to be around 13%, up from previous guidance of 11% -Diluted earnings per share to be in the range of $14.50–$14.70, up from previous guidance of $11.50–$11.95 Williams-Sonoma, Inc. Revised 25/08/21 26/05/21 Revised expectations for fiscal 2021 -Net revenue growth in the high teens to low twenties, versus previous guidance of low-double-digit and mid-teens growth -Non-GAAP operating margins to increase by 16–17% Dick's Sporting Goods, Inc. Factored for impact of Covid-19 25/08/21 26/05/21 Company expectations for fiscal 2021: -Net sales to be in the range of $11.52–11.72 billion -Consolidated same-store sales to grow in the range of 18–20% -Income before income taxes to be in the range of $1.58–1.64 billion -Income before income taxes as a percentage of net sales to be in the range of 13.7–14.0% -Non GAAP income before income taxes to be in the range of $1.61–1.67 billion -Non GAAP income before income taxes as a percentage of net sales to be in the range of 14.0–14.2% -Earnings per diluted share to be in the range of $11.00–$11.45 -Non-GAAP earnings per diluted share to be in the range of $12.45–$12.95 -Weighted average diluted shares to be around 109.5 million -Non GAAP weighted average diluted shares to be around 98.5 million -Gross capital expenditure to be in the range of $370–395 million -Net capital expenditure to be in the range of $300–325 million Guess?, Inc. Factored for impact of Covid-19 25/08/21 31/03/21 Company expectations for the third quarter of fiscal 2022: -Revenues to be slightly negative to flat versus the third quarter of fiscal 2020 Company expectations for fiscal 2021: -Revenues to be down by mid-single digits -Operating margin to be around 10.0% Urban Outfitters, Inc Factored for impact of Covid-19 25/08/21 Company expectations for the third quarter of fiscal 2021: -Net sales to grow in the low double digits Best Buy Co., Inc. Revised 24/08/21 27/05/21 Company expectations for fiscal 2022: -Revenue to be in the range of $51.0–52.0 billion -Comparable revenue to grow in the range of 9–11%, up from previous guidance of 3–6% growth -Non-GAAP gross profit is higher than last year, compared to previous guidance of about flat -Non-GAAP SG&A2 to grow around 9%, compared to previous guidance of 6–7% growth -Non-GAAP effective income tax rate to be around 20% -Share repurchases to be more than $2.5 billion, compared to previous guidance of $2.5 billion Best Buy Co., Inc. Factored for impact of Covid-19 24/08/21 27/05/21 Company expectations for the third quarter of fiscal 2022: -Revenue to be in the range of $11.4–$11.6 billion -Comparable sales to decline by 1–3% -Non-GAAP gross profit to decline by approximately 30 basis points -Non-GAAP effective income tax rate to be around 25.0% -Non-GAAP SG&A2 dollars to be roughly flat Kohl's Corporation Revised 19/08/21 20/05/21 Revised expectations for fiscal 2021 -Net sales to grow percentage in the low twenties, up from previous guidance of mid-to-high teens growth -Operating margin to be in the range of 7.4–7.6%, up from previous guidance of 5.7–6.1% -Adjusted profits per share to be in the range of $5.80–$6.10, excluding any non-recurring expenses, up from previous guidance of $3.80–$4.20 Macy's, Inc. Revised 19/08/21 21/05/21 Revised expectations for fiscal 2021: -Net sales to be in the range of $23.55–23.95 billion up from previous guidance of $21.73–22.23 billion -Adjusted diluted earnings per share to be in the range of $3.41–$3.75, up from previous guidance of $1.71–$2.12 -Adjusted EBITDA as a percent of sales to be in the range of 11–11.5% up from previous guidance of 9–9.5% Macy's, Inc. Factored for impact of Covid-19 19/08/21 21/05/21 Company expectations for the third quarter of fiscal 2021: -Net sales to be in the range of $5.0–5.2 billion -Adjusted diluted EPS to be in the range of $0.17–$0.26 Ross Stores, Inc. Factored for impact of Covid-19 19/08/21 5/202/2021 Company expectations for the third quarter of fiscal 2021: -Earnings per share to be in the range of $4.20–$4.38 -Comparable store sales to grow 10–11% Tapestry, Inc. Factored for impact of Covid-19 19/08/21 6/5/2021 Company expectations for fiscal 2022: -Revenue of $6.4 billion, representing mid-teens growth -Tax rate of around 18.5% -Earnings per diluted share to be around $3.30–$3.35 -Weighted average diluted share count to be around $283 million The Estée Lauder Companies Inc. Factored for impact of Covid-19 19/08/21 3/5/2021 Company expectations for the first quarter of fiscal 2022: -Net sales to grow 17–19%. -Organic net sales to grow 11–13% -Diluted net earnings per common share to be in the range of $1.49–$1.61 -Diluted net earnings per common share, excluding restructuring and other charges and adjustments, to be in the range of $1.55–$1.65 -Charges for the Post-Covid Business Acceleration Program to be in the range of $20–$30 million, or $0.04–0.06 per diluted common share -Adjusted diluted profits per common share to grow by 4–11% on a constant currency basis Company expectations for fiscal 2022: -Net sales to grow 13–16%, ahead of the company's long-term aim of 6–8% -Organic net sales to grow 9–12% -Diluted net earnings per common share to be in the range of $7.04–$7.26 -Diluted net profits per common share, excluding restructuring and other charges and adjustments, to be in the range of $7.23–$7.38 -Charges for the Post-Covid Business Acceleration Program to be in the range of $50–90 million, or $0.12–0.19 per diluted common share -Adjusted diluted earnings per common share to grow by 9–12% on a constant currency basis -Negative currency exchange rate to impact $0.19 of diluted profits per share for fiscal 2022, based on August 13, 2021 spot rates -The increase in DECIEM shareholding to add $0.03 to diluted earnings per common share Lowe's Companies, Inc Factored for impact of Covid-19 18/08/21 9/12/2021 Company expectations for fiscal 2021: -Revenue to be $92 billion, indicating a 30% increase in comparable sales over the past two years -Gross margin rate to incerease slightly -Operating margin to be around 12.2% -Stock repurchase to be at least $9 billion Bath & Body Works, Inc Factored for impact of Covid-19 18/08/21 13/07/21 Company expectations for the third quarter of fiscal 2021: -Adjusted profits per share from continuing operations to be between $0.55–$0.60 compared to $0.83 in 2020 and $0.20 in 2019 Target Corporation Factored for impact of Covid-19 18/08/21 19/05/21 Company expectations for the second half of fiscal 2021: -Comparable sales to increase in the high single digits Company expectations for fiscal 2021: -Operating income margin to be 8% or greater Vipshop Holdings Limited Factored for impact of Covid-19 18/08/21 19/05/21 Company expectations for the third quarter of fiscal 2021: -Total net revenues to be in the range of ¥24.3–25.5 billion, ($3.75–3.93 billion), indicating 5–10% growth Walmart Inc. Revised 17/08/21 18/05/21 Company expectations for fiscal 2022: -Consolidated net sales to grow 6–7%, up from previous guidance of low-to-mid-single-digit growth -Walmart US comparable sales to grow 5–6%, up from previous guidance of low-to-mid-single-digit growth -Sam's Club comparable sales to grow 7.5–8.5%, up from previous guidance of low-to-mid-single-digit growth -Walmart International net sales including divestitures to fall 1.5–22.5% on a constant currency basis -Walmart International net sales excluding divestitures to grow 7–8%, up from previous guidance of a mid-single-digit increase -Consolidated operating income to grow 9–11.5% on a constant currency basis -Consolidated operating income excluding divestitures to grow 11.5–14%, up from previous guidance of high single-digit growth -Operating income at Walmart US to grow 11–13.5%, up from previous guidance of high single-digit growth -Earnings per share excluding divestitures to be in the range of $6.2–$6.35 Walmart Inc. Factored for impact of Covid-19 17/08/21 18/05/21 Company expectations for the third quarter of fiscal 2022: -US Walmart comparable sales growth to increase by 6–7%, excluding fuel -EPS to be in the range of $1.30–$1.40 ContextLogic Inc. Factored for impact of Covid-19 12/8/2021 12/5/2021 Company expectations for the third quarter of fiscal 2021: -Revenue to fall at least 40% -Adjusted EBITDA loss to be in the range of $65–70 million Canada Goose Holdings Inc. Revised 11/8/2021 13/05/21 Revised expectations for the second quarter of fiscal 2022: -Wholesale revenue growth to be in the double digits -DTC revenue to be around one-and-a-half higher than last year eBay Inc. Factored for impact of Covid-19 11/8/2021 28/04/21 Company expectations for the third quarter of fiscal 2021: -Revenue to be in the range of $2.42–2.47 billion -Organic FX-Neutral Y/Y Growth to be in the range of 6–8% -Diluted GAAP EPS to be in the range of $0.64–$0.68 -Diluted Non-GAAP EPS to be in the range of $0.86–$0.90 Grocery Outlet Holding Corp. Factored for impact of Covid-19 10/8/2021 11/5/2021 Company expectations for the third quarter of fiscal 2021: -Open 36–38 new locations with plans to close one -Comparable store sales to be in the negative mid-single digits -Capital spending to be around $130 million Hanesbrands Inc Revised 5/8/2021 14/05/21 Revised expectations for fiscal 2021: -Net sales to be $6.75–6.85 billion, up $550 million from the previous range of $6.2–6.3 billion. Includes a $116 million benefit from foreign currency exchange rate adjustments -Net sales growth to be around 11% higher than the previous year, up 12%, adjusted for the 53rd week in 2020, at the midpoint -Net sales at the midpoint to rise by 29% compared to the period in the prior year, accounting for PPE and the 53rd week in 2020.Net sales at the midpoint to increase by 13% compared to rebased 2019. -GAAP operating profit to range from $795–825 million, up from $730–760 million -Adjusted operating profit to be $880–910 million, up $65 million from the previous range of $815–845 million -At the midpoint, adjusted operating profit to increase by 15% year over year and 9% on a two-year basis. The midpoint of the adjusted operating profit guidance range shows a 13.2% operating margin. -On a GAAP basis, effective tax rate to be 13% and 15% on an adjusted basis -GAAP earnings per share to be $1.50–$1.58 -Adjusted earnings per share to be $1.68–$1.76, compared to $1.51$–1.59 previously -Cash flow from operations to be $500 million, compared to $500–550 million in the previous period -Capital expenditures to be $100 million Zalando SE Revised 5/8/2021 6/5/2021 Revised expectations for fiscal 2021: -GMV to grow in the range of 31–36% -Revenue growth to be in the range of 26–31% -Negative net working capital and Capex of roughly €350 million ($410.87 million), previously: €350–400 million ($410.87–469.57 million) -EBIT in the upper half to be €400–475 million ($469.57–557.61 million) adidas AG Factored for impact of Covid-19 5/8/2021 7/5/2021 Company expectations for fiscal 2021: -Net income to be in the range of €1.4–1.5 billion ($1.64–1.76 billion) Hanesbrands Inc Factored for impact of Covid-19 5/8/2021 14/05/21 Company expectations for the third quarter of fiscal 2021: -Net sales to be in the range of $1.78–1.81 billion, representing about 6% growth at the midpoint -Net sales at the midpoint of the guidance range, excluding PPE to increase by 19% -Net sales to grow 11% at the midpoint compared to the rebased third quarter of 2019 -GAAP operating profit to be in the range of $216–226 million -Adjusted operating profit to be between $235–245 million, representing a margin of 13.4% at the midpoint, compared to a 14.3% adjusted operating margin in the third quarter of 2020 -Approximately $19 million in charges for acts relating to Full Potential -Interest and other costs to be around $45 million -GAAP effective tax rate to be around 12% -Adjusted effective tax rate to be around 15% -GAAP earnings per share to be in the range of $0.42–$0.45 -Adjusted earnings per share to be in the range of $0.45–$0.48 Company expectations for the fourth quarter of fiscal 2021: -Net sales to be $1.71–1.78 billion, representing approximately 3% growth at the midpoint -Net sales at the midpoint of the guidance and accounting for PPE and the 53rd week of 2020 to grow 8% -Net sales to rise by 15% at the midpoint compared to rebased fourth-quarter 2019 figures -Operating profit to be in the range of $200–220 million, representing a margin of 12% at the midpoint and compared to a 13.5% adjusted operating margin in the fourth quarter of 2020 -Approximately $28 million in charges for acts linked to Full Potential -Approximately $46 million in interest and other expenditures -GAAP and adjusted effective tax rate to be around 15% -GAAP earnings per share to be in the range of $0.29–$0.34 -Adjusted earnings per share to be in the range of $0.37–$0.42 CVS Health Corporation Revised 4/8/2021 4/5/2021 Revised expectations for fiscal 2021: -GAAP diluted EPS to be $6.35–$6.45, up from $6.24–$6.36 -Adjusted EPS to be $7.70–$7.80, up from $7.56–$7.68 -Cash flow from operations to be $12.5–13.0 billion, up from $12.0–12.5 billion. The Macerich Company Factored for impact of Covid-19 4/8/2021 11/5/2021 Company expectations for fiscal 2021: -Diluted EPS to be in the range of ($0.06)–$0.09 Ralph Lauren Corporation Factored for impact of Covid-19 3/8/2021 10/5/2021 Company expectations for the second quarter of fiscal 2021: -Revenues to grow in the range of 20–22% on a constant currency basis -Operating margin to be around 13–14% -Effective tax rate to be 24–25% Company expectations for fiscal 2022: -Revenues to grow in the range of 25–30% -Operating margin to be around 12–12.5% -Gross margin to rise by 50–70 basis points -Effective tax rate to be around 24% Under Armour, Inc Revised 2/8/2021 4/5/2021 Company expectations for fiscal 2021: -Revenue to increase at a low-twenties percentage rate, up from previous guidance of a high-teens percentage rate -Gross margin is expected to grow by 50–70 basis points, up from previous guidance of growth of 50 basis points -Operating income to reach $215–225 million, up from previous guidance of $105–115 million -Adjusted operating income to be $340–350 million, up from previous guidance of $230–$240 million -Diluted earnings per share to be $0.14–$0.16, up from previous guidance of a diluted loss per share of $0.02–$0.04 -Adjusted diluted earnings per share to be $0.50–0.52, up from previous guidance of $0.28–$0.30 Simon Property Group, Inc. Factored for impact of Covid-19 2/8/2021 10/5/2021 Company expectations for fiscal 2021: -Net income to be in the range of $5.47–5.57 per diluted share -FFO to be in the range of $10.70–$10.80 per diluted share Capri Holdings Limited Revised 30/07/21 29/06/21 Company expectations for fiscal 2022: -Total revenue of around $5.3 billion, up from previous guidance of $5.1 billion -Operating margin of approximately 16%, up from precious guidance of 14% -Net interest expense to be around $5 milion -Effective tax rate of around 17%, up from previous guidance of 15% -Earnings per share diluted to around $4.50, up from previous guidance of $3.70–$3.80 Versace: -Total revenue to be around $1.025 billion -The operating margin is in the low double digits. The Company anticipates the following for Jimmy Choo. -Total revenue to be around $550 million -The operating margin to be in the negative low single digits. The Company anticipates the following for Michael Kors. -Total revenue to be around $3.725 billion -Operating margin to be in the mid 20% range V.F. Corporation Revised 30/07/21 21/05/21 Revised expectations for the second half of fiscal 2021: -Revenue to be at least $12.0 billion, representing a 30% increase, up from previous guidance of around $11.8 billion, which corresponded to a 28% increase -Revenue for Outdoor to increase between 24–26%, versus previous guidance of a 23–25% -Revenue for Active to increase between 37–39%, versus previous guidance of a 34–36% -Revenue for Work to increase between 16–18%, versus previous guidance of a 10% -International income will rise by 25–27% -Revenue in the EMEA region to grow by 29–31% -Revenue in the Asia Pacific area to grow by 18–20% -Revenue in the Americas (non-US) region to grow by 28–30% -Direct-to-consumer revenue to grow by 39–41%, versus previous guidance of 38–40 %, with digital revenue increasing by 29–31% -Adjusted gross margin to surpass 56%, representing an increase of more than 270 basis points -Adjusted operating margin to rise by more than 500 basis points to over 13.0%, compared to the previous guidance of 12.8% -Adjusted earnings per share to reach at least $3.20, up from previous guidance of around $3.05 -Adjusted cash flow from operations to exceed $1.0 billion -Effective tax rate to be around 15% -Capital expenditures to be around $350 million Capri Holdings Limited Factored for impact of Covid-19 30/07/21 29/06/21 Company expectations for the second quarter of fiscal 2021: -Total revenue to be around $1.25 billion -Operating margin to be approximately 13% -Earnings per share diluted to around $0.90 Versace: -Total revenue to be around $260 million -Operating margin to be in the low double digits Jimmy Choo: -Total revenue to be around $120 million -Operating margin to be in the negative low double digits Michael Kors: -Total revenue to be around $870 million -Operating margin to be in the low 20% range Albertsons Companies, Inc. Revised 29/07/21 26/04/21 Company expectations for fiscal 2021: -Comparable sales to decline in the range of 5–6%, up from previous guidance of 6–7.5% -Adjusted net income per Class A common share to be in the range of $2.20–$2.30 per share, up from previous guidance of $1.95–$2.05 per share -Adjusted EBITDA to be in the range of $3.7–3.8 billion, up from previous guidance of $3.5–3.6 billion Amazon.com, Inc. Factored for impact of Covid-19 29/07/21 29/04/21 Company expectations for the third quarter of fiscal 2021: -Net sales to be around $106.0–112.0 billion, representing a 10–16% increase over the third quarter of 2020 -Operating income to be around $2.5–$6.0 billion, down from $6.2 billion in the third quarter of 2020 Next plc Revised 21/07/21 6/5/2021 Revised expectations for second half of fiscal 2021: - Full price sales will grow to 6%, up from previous guidance of 3% Tractor Supply Company Factored for impact of Covid-19 19/07/21 22/04/21 Company expectations for fiscal 2021: -Net sales to be in the range of $12.1–12.3 billion -Comparable store sales to grow in the range of 11–13% -Operating margin rate to be in the range of 9.7–9.9% -Net income to be in the range of $895–930 million -Earnings per diluted share to be in the range of $7.70–$8.00 -Effective income tax rate to be around 22.1 –22.4% Burberry Group plc Factored for impact of Covid-19 16/07/21 13/05/21 Company expectations for fiscal 2022: -Foreign exchange to be a £114m headwind on sales and a £40m headwind on adjusted operating profit Company expectations for first half of fiscal 2022: -Wholesale sales to grow by around 60% year over year due to a bigger order book L Brands, Inc. Revised 13/07/21 19/05/21 Revised expectations for the second quarter of fiscal 2021: -Earnings per share between $1.20–$1.30, up from previous guidance of $0.80–$1.00 -Operating income for Bath & Body Works section to be more than $400 million -Operating income for Victoria's Secret segment to be more than $200 million Levi Strauss & Co. Factored for impact of Covid-19 8/7/2021 8/4/2021 Company expectations for the second half of fiscal 2021: -Net revenue will grow 28–29% compared to the second half of fiscal 2020 -Adjusted diluted EPS of $0.72–$0.76 Company expectations for fiscal 2021: -Adjusted diluted EPS outlook of $1.29–$1.3 Ocado Group plc Factored for impact of Covid-19 6/7/2021 18/03/21 Company expectations for fiscal 2021: -Revenue in the UK Solutions & Logistics segment will grow in the double digits -International Solutions income from OSP partners to be around £50 million ($68.8 million) -Costs for invoiced International Solutions to grow around 30% -Additional cost due to accelerated investment in technology and platform to be around £30 million ($41.2 million) Capri Holdings Limited Revised 29/06/21 26/05/21 Revised expectations for fiscal 2021: -Revenue to be around $5.15 billion, up from previous guidance of $5.10 billion -Earnings per share to be $3.80–$3.90, up from previous guidance of $3.70–$3.80 NIKE, Inc. Factored for impact of Covid-19 24/06/21 25/06/20 Company expectations for fiscal 2022: -Revenue to grow in the low double digits and surpass $50 billion -Gross margin to increase by 125–150 basis points -Effective tax rate to be in the mid-teens PVH Corp. Revised 23/06/21 2/6/2021 Revised expectations for fiscal 2021: -Revenue to grow 22–24%, down from previous guidance of 24–26% -Revenue to grow 19–21% on a constant currency basisc, down from previous guidance of 21–23% -GAAP earnings per share to be $6.60, up from previous guidance of $5.50 RH Revised 9/6/2021 9/9/2020 Revised expectations for fiscal 2021: -Revenue growth to be in the range of 25–30%, up from previous guidance of 15–20% Stitch Fix, Inc. Factored for impact of Covid-19 7/6/2021 9/3/2021 Company expectations for the fourth quarter of fiscal 2021: -Net revenue to be in the range of $540–550 million with year-over-year growth of 21.8–24.0% -Adjusted EBITDA to be in the range of $15–20 million with a margin of 2.8–3.6% Company expectations for fiscal 2021: -Net revenue to be in the range of $2.07–2.08 billion with year-over-year growth of 20.9–21.5% -Adjusted EBITDA to be in the range of $25–30 million with a margin of 1.2–1.4% Five Below, Inc. Factored for impact of Covid-19 3/6/2021 17/03/21 Company expectations for the second quarter of fiscal 2021: -Open around 30 new stores -Net sales to be in the range of $640–$660 million. -Net income to be in the $56.9–$63.7 million range. -Outstanding diluted weighted average shares to be around 56.4 million -Diluted income per common share will be in the range of $1.01–1.13. Lululemon Athletica Inc. Factored for impact of Covid-19 3/6/2021 30/03/21 Company expectations for the second quarter of fiscal 2021: -Net revenue to be in the $1.300–1.330 billion range. -Diluted earnings per share to range of $1.05–$1.10 -Adjusted diluted earnings per share to be in the range of $1.10–$1.15 Company expectations for fiscal 2021: -Net sales to be in the range of $5.825–5.905 billion -Diluted earnings per share to be in the range of $6.52–$6.65 -Adjusted diluted earnings per share to be in the range of $6.73–$6.86 PVH Corp Factored for impact of Covid-19 2/6/2021 30/03/21 Company expectations for the second quarter of fiscal 2021: -Revenue to grow in the range of 34–36% -GAAP earnings per share to be in the range of $0.79–$0.82 -Non-GAAP earnings per share to be in the range of $1.15–$1.18 -Effective tax rate to be in the range of 44–46% on a GAAP basis and 36–38% on a non-GAAP basis Company expectations for fiscal 2021: -Revenue to grow by 24–26% -GAAP earnings per share to be around $5.50 -Non-GAAP earnings per share to be around $6.50 -Effective tax rate to be in the range of 17.5 –19% Ulta Beauty, Inc. Revised 27/05/21 11/3/2021 Revised expectations for fiscal 2021: -Net sales to be in the range of $7.7–$7.8 billion, up from previous guidance of $7.2 billion–7.3 billion -Comparable sales to grow between 23%–25%, up from previous guidance of 15–17% -Remodel and relocation projects reduced from 21 to 19 -Operating margin to be around 11%, up from previous guidance of 9% -Diluted earnings per share to be $11.50–$11.95, up from previous guidance of $8.85–$9.30. -Capital expenditures to be in the range of $225–250 million, up from previous guidance of $200–250 million Best Buy Co., Inc. Factored for impact of Covid-19 27/05/21 25/02/21 Company expectations for the second quarter of fiscal 2022: -Enterprise comparable sales to grow almost 17% -Enterprise non-GAAP gross profit rate to be flat compared to the FY21 rate of 22.9 % in Q2 FY21. -Enterprise non-GAAP SG&A to grow around 20% Company expectations for fiscal 2022: -Enterprise comparable sales to grow around 36% -Enterprise non-GAAP gross profit rate to be approximately flat compared to the fiscal 2021 rate of 22.4% -Enterprise comparable sales growth of 3%–6% -Enterprise non-GAAP SG&A to grow in the range of of 6%–7% -Approximately $2.5 billion in stock repurchases -Capital expenditure to be in the range of $750–850 million Big Lots, Inc. Factored for impact of Covid-19 27/05/21 9/3/2021 Company expectations for the second quarter of fiscal 2021: -Diluted earnings per share to be in the $1.00–$1.15 range -Comparable sales to be up roughly 20%. Dollar General Corporation Factored for impact of Covid-19 27/05/21 18/03/21 Company expectations for fiscal 2021: -Net sales to change between a 1% drop and a 1% rise, compared to previous year. -Same-store sales to decline between 5–3% -Diluted EPS to be in the range of $9.50–$10.20 -Effective tax rate to be in the range of 22–23%. -Approximately $2.2 billion in stock repurchases, up from previous guidance of $1.8 billion. Guess?, Inc. Factored for impact of Covid-19 27/05/21 31/03/21 Company expectations for fiscal 2021: -Revenues to be down by mid-single digits -Operating margin to be 8.6% The Gap, Inc. Factored for impact of Covid-19 27/05/21 4/3/2021 Company expectations for fiscal 2021: -Diluted earnings per share to be in the range of $1.55–$1.70 -Diluted earnings on an adjusted basis to be in the range of $1.60–$1.75 -Net sales to grow by a percentage in the low-to-mid 20s -Operating margin to be around 6% -The effective tax rate to be around 24% -Net interest expense to be around $210 million -Up to $200 million in share repuchases -Capital investment to be around $800 million -To open about 30–40 Old Navy and 20–30 Athleta stores, as well as to close approximately 75 Gap and Banana Republic stores in North America DICK'S Sporting Goods, Inc. Revised 26/05/21 9/3/2021 Revised expectations for fiscal 2022: -Net sales to be in the range of $10.515–10.806 billion -Income before income tax to be in the range of $990 million to 1.08 billon, representing 9.4–10.0% of net sales -Non-GAAP income before income tax to be in the range of $1.02–1.11 billion, representing 9.7–10.3% of net sales -Earnings per diluted share to be in the range of $7.05–$7.68 -Earnings per diluted share non-GAAP to be in the range of $8.00–$8.70 -Weighted average diluted shares to be 107 -Non-GAAP weighted average diluted shares to be 97 -Gross capital expenditure to be in the range of $370–395 million -Net capital expenditure to be in the range of $300–325 million Williams-Sonoma, Inc. Revised 26/05/21 17/03/21 Revised expectations for fiscal 2022: -Net sales to increase to between low double digits and mid-teens -Year-over-year non-GAAP operating margin to grow Capri Holdings Limited Factored for impact of Covid-19 26/05/21 3/2/2021 Company expectations for fiscal 2022: -Total revenue to be $5.1 billion -Gross margin to expand by approximately 50 basis points, owing to advantages from strategic efforts, slightly offset by increasing transportation costs -Operating margin to be 14% -Net interest expense to be $20 million -Effective tax rate of approximately 15% -Weighted average diluted shares outstanding of approximately 156 million -Diluted earnings per share to be $3.70–$3.80 -Capital expenditure to be $200 million Company expectations for the first quarter of fiscal 2022: -Total revenue of $1.1 billion -Gross margins to shrink by about 100 basis points, owing to a larger wholesale channel mix -Operating margin to be 12% -Net interest expense to be an estimated $5 million -Effective tax rate to be 9% -155 million outstanding diluted shares on a weighted average basis -Earnings per share diluted to be around $0.75 Company expectations for the second quarter of fiscal 2022: -Total revenue of $1.2 billion -Operating margin to be about 11% -Earnings per share diluted in the range of $0.70–$0.75 Company expectations for the third quarter of fiscal 2022: -Total revenue of $1.4 billion -Operating margin to be around 20% -Earnings per share diluted between $1.65–$1.70 Company expectations for the fourth quarter of fiscal 2022: -Total revenue of $1.4 billion -Operating margin to be around 12% -Earnings per share diluted in the range of $0.55–$0.60 Nordstrom, Inc. Factored for impact of Covid-19 25/05/21 2/3/2021 Company expectations for the first half of fiscal 2021: -EBIT to be around breakeven, reflecting approximately 45% of total year sales Company expectations for fiscal 2021: -Revenues, including retail sales and credit card revenues to grow by more than 25% -EBIT margin to be around 3% of sales -Income tax rate to be around 27% -Leverage ratio to be approximately 3x by the end of the year V.F. Corporation Factored for impact of Covid-19 21/05/21 27/01/21 Company expectations for fiscal 2022: -Revenue to be around $11.8 billion, representing a 28% increase, with the Supreme® brand contributing around $600 million -Outdoor revenue to increase by 23–25%, active revenue to increase by 34–36% and work revenue to increase by 10–12% -International revenue to rise by 25–27%, comprising a rise of 29–31% in the EMEA region, 18–20% in the Asia Pacific region and 28–30% in the Americas (non-US) region -Direct-to-consumer revenue to rise by 38–40%, with digital revenue increasing by 29–31% -Adjusted gross margin to surpass 56%, adjusted operating margin to be about 12.8% -Adjusted earnings per share to be about $3.05, with the Supreme® brand contributing about $0.25 -Effective tax rate to be about 15% and $350 million expected in capital expenses Ralph Lauren Corporation Factored for impact of Covid-19 20/05/21 4/2/2021 Company expectations for fiscal 2022: -Revenues to grow 20–25% year over year -Operating margin to be 11%, an increase of around 620 basis points on a reported basis -Tax rate to be in the range of 26–27% Company expectations for the first quarter of fiscal 2022: -Revenues to grow 140–150% compared to the first quarter of fiscal 2021 -Operating margin to be in the range of 7–7.5%, an increase of around 575 basis points on a reported basis -The tax rate to be in the range of 22–24% Ross Stores, Inc. Factored for impact of Covid-19 20/05/21 2/3/2021 Company expectations for the second quarter of fiscal 2021: -Same-store sales to grow in the range of 5–7% -Profits per share to be in the range of $0.80–$0.89 compared to $1.14 in fiscal 2019. Company expectations for fiscal 2021: -Comparable store sales to grow 7–9% -Earnings per share to be in the range of $3.93–$4.20 L Brands, Inc. Factored for impact of Covid-19 19/05/21 11/5/2021 Company expectations for the second quarter of fiscal 2021: -Adjusted earnings per share excluding one-time expenses related to the spin-off of Victoria's Secret to be between $0.80–$1.00, compared to $0.25 in 2020 and $0.24 in 2019. Target Corporation Factored for impact of Covid-19 19/05/21 3/3/2021 Company expectations for the second quarter of fiscal 2021: -Comparable revenue growth to be in the mid-to-high single digits. -Operating margin rate to be higher than the second-quarter 2019 rate of 7.2%, but not exceed last year's unprecedented 10% Company expectations for fiscal 2021: -Comparable revenue to grow by single digits in the last two quarters of the year - Operating margin rate to be well above the 2020 rate of 7%, with the potential to hit 8% or higher. Vipshop Holdings Limited Factored for impact of Covid-19 19/05/21 25/02/21 Company expectations for the second quarter of fiscal 2021: -Net sales to grow 20–25% year over year and be in the range of ¥28.9–30.1 billion ($4.49–4.67 billion) Macy's, Inc. Revised 18/05/21 23/02/21 Revised expectations for fiscal 2021: -Net revenues to be between $21.73–22.23 billion, up from previous guidance of $19.75–22.75 billion -Adjusted diluted earnings per share to be in the range of $1.71–$2.12 per share, up from previous guidance of $0.4–$0.9 -Adjusted EBITDA as a percentage of revenue to be 9–9.5%, up from previous guidance of 7–7.5% Walmart Inc. Revised 18/05/21 18/02/21 Revised expectations for fiscal 2022: -Consolidated net sales to decline in the low single digits in constant currency -Walmart's international net sales to drop 20–25 % in constant currency -Consolidated cost leverage to maintain rate or slightly leverage -Consolidated operating income to rise in the mid-single digits in constant currency -Walmart's operating income in the US to increase in the double digits -EPS to rise in the high single digits Revised expectations for the second quarter of fiscal 2021: -Walmart US comp sales growth to be in the low single digits, ex. fuel -Consolidated operating income to fall by low-to-mid single digits -EPS to fall in the low single digits Alibaba Group Holding Limited Factored for impact of Covid-19 13/05/21 22/05/20 Company expectations for fiscal 2022: -Revenue to be over ¥930 billion ($144.4 billion) Burberry Group plc Factored for impact of Covid-19 13/05/21 12/3/2021 Company expectations for fiscal 2021: -Revenue to grow by a high single-digit percentage compound annual growth rate -Comparable store sales growth to be in the mid-single digits -Adjusted operating margin progression to be impacted by operating expense normalization and increased investment to accelerate growth Canada Goose Holdings Inc. Factored for impact of Covid-19 13/05/21 11/8/2020 Company expectations for fiscal 2022: -Total revenue to reach $1 billion -Annual DTC revenue to reach 70% of overall revenue -Annual wholesale revenue to be in-line with fiscal 2021 Company expectations for the first quarter of fiscal 2022: -Total revenue to be less than $52.2 million, compared to $26.1 million in 1Q21 Farfetch Limited Factored for impact of Covid-19 13/05/21 - Company expectations for fiscal 2021: -Digital platform gross merchandise value (GMV) to be in the range of $3.725–3.865 billion, reflecting 35–40% year-over-year growth -Adjusted EBITDA margin to be 1–2% Company expectations for the second quarter of fiscal 2021: -Digital platform GMV to be $910–$945 million, representing a 40–45% year-over-year increase -Brand platform GMV to be in the range of $50–60 million, representing a 40–45% year-over-year increase -Adjusted EBITDA to be in the range of $(23)–(25) million ContextLogic Inc. Factored for impact of Covid-19 12/5/2021 8/3/2021 Company expectations for the second quarter of fiscal 2021: -Revenue to be in the range of $715–730 million -Year-over-year growth to be in the range of 2–4% -Adjusted EBITDA to be in the range of $(60)–(55) million -Adjusted EBITDA to be in the range of (8)–(7)% of revenue The Macerich Company Revised 11/5/2021 26/03/21 Revised expectations for fiscal 2021: -Diluted loss per share to be in the range of $(0.55)–$(0.35), up from previous guidance of $(0.90)–$(0.70) -Funds from operation per diluted share to be in the range of $1.77–$1.97 Grocery Outlet Holding Corp. Factored for impact of Covid-19 11/5/2021 2/3/2021 Company expectations for the second quarter of fiscal 2021: -Comparable store revenues to be in the negative low double digits -Capital expenses to be around $130.0 million Hanesbrands Inc Factored for impact of Covid-19 11/5/2021 9/2/2021 Company expectations for fiscal 2021: -Net revenues from continuing operations to grow around 2% and be in the range of $6.2–6.3 billion - Net sales excluding PPE to rise by around 19% -GAAP operating profit from continuing operations to be in the range of $730–760 million -Adjusted operating profit from continuing operations to be in the range of $815–845 million - Operating margin of 13.3% based on the midpoint of adjusted operating profit -Additional brand marketing investment of $50 million compared to 2020 -Around $85 million in charges for conduct attributable to Full Potential and $185 million in interest and other expenditures -Effective tax rate on a GAAP basis to be around 14%, and on an adjusted basis to be around 15% -GAAP earnings per share to range from $1.33–$1.41 -Adjusted earnings per share to range from $1.51–$1.59 Company expectations for the second quarter of fiscal 2021: - Net sales to grow around 2% and to be in the range of $1.56–1.59 billion - Excluding PPE, net sales are expected to rise around 69% -GAAP operating profit from continuing operations to be in the range of $179–189 million. -Adjusted operating profit from ongoing operations is expected to be in the $200–210 million range. -Effective tax rate of approximately 15% on a GAAP and adjusted basis. -GAAP earnings per share are expected to be in the range of $0.32–$0.35. - Adjusted earnings per share are expected to be in the range of $0.37–$0.40. L Brands, Inc Factored for impact of Covid-19 11/5/2021 26/03/21 Company expectations for the first quarter of fiscal 2021: -Earnings per share to be around $0.97 -Adjusted earnings per share to be around $1.25 -Total operating income of approximately $570 million, including approximately $380 million at Bath & Body Works and approximately $245 million at Victoria's Secret Simon Property Group, Inc. Factored for impact of Covid-19 10/5/2021 8/2/2021 Company expectations for fiscal 2021: -Net income per diluted share range to be in the range of $4.47–$4.57 -Funds from operations per diluted share to be in the range of $9.70–$9.80, up from previous guidance of $9.50–$9.75 adidas AG Factored for impact of Covid-19 7/5/2021 10/3/2021 Company expectations for the second quarter of fiscal 2021: -Revenue to grow by around 50% [!!production, please can you remove the space between - and Revenue!!] Company expectations for fiscal 2021: -Revenue to grow in the high teens -Gross margin to be around 52% -Operating margin to be in the range of 9–10% -Net income from continuing operations to be between €1.25–1.45 billion ($1.52–$1.76 billion) Zalando SE Revised 6/5/2021 20/04/21 Revised expectations for fiscal 2021: -MV to grow by 31–36% to €14.0–14.6 billion ($17.0–$17.8 billion), up from previous guidance of a 27–32% increase - Sales to increase by 26–31% to €10.1–10.5 billion($12.3– $12.8 billion), up from previous guidance of a 24–29% increase -Adjusted EBIT to be in the range of €400–475 million ($486.4–$577.6 million), up from previous guidance of €350–425 million ($425.6–$516.7 million) Tapestry, Inc. Factored for impact of Covid-19 6/5/2021 4/2/2021 Company expectations for fiscal 2021: -Revenue for the fiscal year to rise in the mid-teens compared to the previous year -Operating income and earnings per diluted share to rise compared to fiscal 2019 boohoo group plc Factored for impact of Covid-19 5/5/2021 14/01/21 Company expectations for fiscal 2021–2022: -Revenue growth to be around 25%, with newly acquired brands contributing around 5% of this growth -Adjusted EBITDA to be in the range of 9.5–10% -Adjusted EBITDA margin to be about 10% CVS Health Corporation Revised 4/5/2021 16/02/21 Company expectations for the full year fiscal 2021: -GAAP diluted EPS guidance to be in the range of $6.24–$6.36, up from previous guidance of $6.06–$6.22 -Adjusted EPS guidance to be in the range of $7.56–$7.68, up from previous guidance of $7.39–$7.55 -Cash flow from operations to be in the range of $12.0–12.5 billion Under Armour, Inc. Revised 4/5/2021 10/2/2021 Company expectations for the full year fiscal 2021: -Revenue to rise by a high-teen percentage rate, up from previous guidance of a high single-digit percentage increase -Gross profit to be up approximately 50 basis points versus the prior year, up from previous guidance of "up slightly" -Operating income to be in the range of $105–115 million, up from the previous range of $5–25 million -Adjusted operating income, excluding the effects of restructuring efforts, to be between $230–240 million, up from previous guidance of $130–150 million -Diluted loss per share to be in the range of $0.02–$0.04, up from previous guidance of $0.18–$0.20 -Adjusted diluted earnings per share to be in the range of $0.28–$0.30, up from previous guidance of $0.12–$0.14 The Estée Lauder Companies Inc. Factored for impact of Covid-19 3/5/2021 5/2/2021 Company expectations for the full year fiscal 2021: -Net sales to grow in the range of 11–12% -DECIEM's acquisition to have a minor impact on the company's overall revenue growth -Net revenues excluding currency fluctuation to grow in the range of 9–10% -Diluted net earnings per common share to be in the range of $5.31–$5.48 -Diluted net earnings per common share, excluding restructuring and other costs, to be in the range of $6.05–$6.15 -On a constant currency basis, adjusted diluted earnings per common share to grow in the range of 45–47% -Leading Beauty Forward charges to be in the range of $8–$14 million, which equates to $0.02–$0.03 per diluted common share -Charges of $199–$229 million under the Post-COVID Business Acceleration Program,which equates to $0.42–$0.48 per diluted common share Amazon.com, Inc Factored for impact of Covid-19 29/04/21 2/2/2021 Company expectations for the second quarter of fiscal 2021: -Net revenues to be in the range of $110.0–$116.0 billion, representing a 24–30% increase over the previous year -Operating income to range between $4.5–$8.0 billion, up from $5.8 billion in the second quarter of 2020, assuming impacts of Covid-19 cost around $1.5 billion -Prime Day to take place in the second quarter of 2021 eBay Inc. Factored for impact of Covid-19 28/04/21 3/2/2021 Company expectations for the second quarter of fiscal 2021: -Revenue to be $2.98–3.03 billion -Organic FX-neutral year-over-year revenue growth to be in the range of 8–10% -Diluted GAAP EPS to be in the range of $0.67–$0.72 -Diluted Non-GAAP EPS to be in the range of $0.91–$0.96 Albertsons Companies, Inc. Factored for impact of Covid-19 26/04/21 12/1/2021 Company expectations for the full year fiscal 2021: -Identical sales growth to be approximately (6)–(7.5)%, reflecting two-year stacked growth of 9.4–10.9% -Adjusted net income per Class A common share in the range of $1.95–$2.05 per share, reflecting a 37–40% compound annual growth rate over fiscal 2019 -Effective tax rate to be around 25% excluding specific items -Adjusted EBITDA to be in the range of $3.5–3.6 billion, reflecting compound annual growth of 12–14% compared to fiscal 2019 -Capital spending to be in the range of $1.9–2.0 billion Coty Inc. Revised 23/04/21 14/04/21 Revised expectations for fiscal year 2021: -Adjusted EBITDA to be around $750 million -Net sales to be between $4.5–4.6 billion Tractor Supply Company Revised 22/04/21 28/01/21 Revised expectations for fiscal year 2021: -Net sales to be in the range of $11.4–$11.7 billion, up from previous guidance of $10.7–$11.0 billion -Comparable store sales to grow in the range of 5–8%, up from previous guidance of (2)–1% growth -Operating margin rate to be in the range of 9.4–9.7%, up from previous guidance of 9.3–9.6% -Net income to be in the range of $820–$860 million, up from previous guidance of $750–$800 million -Earnings per diluted share to be in the range of $7.05–$7.40, up from previous guidance of $6.50–$6.90 Intel Corporation Factored for impact of Covid-19 22/04/21 21/01/21 Company expectations for the full year fiscal 2021: -GAAP revenue to be $77.0 billion, non-GAAP Revenue to be $72.5 billion -GAAP gross margin to be 54.5%, non-GAAP gross margin to be 56.5% -GAAP tax rate to be 19%, non-GAAP tax rate to be 13% -GAAP earnings per share to be $4.00, non-GAAP earnings per share to be $4.60 -GAAP full-year capital spending to be $19.0–$20.0 billion, non-GAAP full-year capital spending to be $19.0–$20.0 billion -Non-GAAP free cash flow to be $10.5 billion Company expectations for the first quarter of fiscal 2021: - GAAP Revenue to be $18.9 billion, Non-GAAP Revenue to be $17.8 billion -GAAP Gross Margin to be 55%, Non-GAAP Gross Margin to be 57% -GAAP Tax rate to be 13%, Non-GAAP Tax rate to be 13% - GAAP Earnings per share to be $1.05, Non-GAAP Earnings per share to be $1.05 Zalando SE Revised 20/04/21 15/03/21 Revised expectations for the first quarter of 2021: -Gross merchandise volume (GMV) to increase to 54.5–56.5%, amounting to €3.13–€3.17 billion ($3.76–$3.81 billion), from the prevision expectation of 50% -Sales to increase by 46–48% to €2.22–€2.26 billion ($2.67–$2.72 billion) -Adjusted EBIT to be €80–€100 million ($96.22–$120.28 billion) American Eagle Outfitters, Inc. Revised 14/04/21 3/3/2021 Revised expectations for the first quarter of fiscal 2021: -Operating profits to be $120 million, compared to $48 million in the first quarter of fiscal 2019 Levi Strauss & Co. Factored for impact of Covid-19 8/4/2021 27/01/21 Company expectations for the first half of 2021: -Net sales to grow by 24–25% -Adjusted EPS of $0.41–$0.42 -Second-quarter dividend to raise $0.06 per share Guess?, Inc. Factored for impact of Covid-19 31/03/21 2/12/2020 Company expectations for the first quarter of fiscal 2021: -Revenues to be down in the high single digits Company expectations for fiscal 2021–2022: -Revenues to be down in the high single digits Lululemon Athletica Inc. Factored for impact of Covid-19 30/03/21 11/1/2021 Company expectations for the first quarter of fiscal 2021: -Net revenue to be in the range of $1.100–$1.130 billion -Diluted earnings per share to be in the range of $0.81–$0.85 -Adjusted earnings per share to be in the range of $0.86–$0.90 Company expectations for fiscal 2021: -Net revenue to be in the range of $5.55–$5.65 billion -Diluted earnings per share to be in the range of $6.10–$6.25 - Adjusted earnings per share to be in the range of from $6.30–$6.45 PVH Corp. Factored for impact of Covid-19 30/03/21 3/12/2020 Company expectations for fiscal 2021: -Revenues to rise by 22–24% -GAAP earnings per share to be around $5.00, compared to a loss per share of $15.96 in 2020 -Non-GAAP earnings per share to be about $6.00, compared to a loss per share of $1.97 in 2020 -The effective tax rate to be between 17.5–19.5% Company expectations for the first quarter of fiscal 2021: -Revenues to rise by 42–44% -GAAP earnings per share to be in the range of $0.28–$0.31, compared to a loss per share of $15.37 in the first quarter of 2020 -Non-GAAP earnings per share to be in the range of $0.80–$0.83, compared to a loss per share of $3.03 in the first quarter of 2020 -On a GAAP basis, the effective tax rate to be around 50% and around 40% on a non-GAAP basis L Brands, Inc Revised 26/03/21 12/3/2021 Revised expectations for the first quarter of fiscal 2021: -Earnings per share to be in the range of $0.85–$1.00, up from previous guidance of $0.55–$0.65 -Both Bath & Body Works and Victoria's Secret have raised their first-quarter forecasts Dollar General Corporation Factored for impact of Covid-19 18/03/21 12/3/2020 Company expectations for fiscal 2021–2022: -Net revenues to decrease by 2% to remain stable -Same-store sales to decline by 4–6%, and grow by approximately 10–12% on a two-year stack basis -Diluted EPS to be in the range of $8.80–$9.50, reflecting a two-year CAGR of 15–20% (or 14–19% on an adjusted basis) -Effective tax rate to be 22–23% -Share repurchases of approximately $1.8 billion -Capital expenditures to be in the range of $1.05–$1.15 billion, including investments in the company's strategic initiatives Ocado Group plc Factored for impact of Covid-19 18/03/21 9/2/2021 Company expectations for the second quarter of fiscal 2021: - Positive revenue growth compared to the same time last year Williams-Sonoma, Inc Factored for impact of Covid-19 17/03/21 21/11/19 Company expectations for fiscal 2021: -Net sales to grow by mid-to-high single digits -Year-over-year non-GAAP operating margin to expand Company expectations for the next five years: -Net sales to grow by mid-to-high single digits -Year-over-year non-GAAP operating margin to expand -Net revenues to be $10 billion -Non-GAAP operating margins to be 15% Five Below, Inc. Factored for impact of Covid-19 17/03/21 12/1/2021 Company expectations for the first quarter of fiscal 2021: -Open approximately 60 new stores -Net sales to be in the range of $540–$560 million -Net income to be in the range of $31.6–$38.4 million -Diluted income per common share to be in the range of $0.56–$0.68 -Roughly 56.4 million diluted weighted average shares to be outstanding Zalando Factored for impact of Covid-19 15/03/21 8/10/2020 Company expectations for the first quarter of fiscal 2021: -Gross merchandise value (GMV) to grow 50% Company expectations for fiscal 2021: -GMV to grow 27–32% to €13.6–€14.1 billion ($16.22–$16.81 billion) -Revenue to grow 24–29% or €9.9–€10.3 billion ($11.81–$12.28 billion) -Adjusted EBIT of €350–425 million ($417.41–$506.86 million) -Capital expenditure to be in the range of €350–€400 million ($417.4–$477 million) L Brands, Inc Revised 12/3/2021 24/02/20 Revised expectations for the first quarter of fiscal 2021: -Increased first-quarter earnings outlook for earnings per share from $0.35–$0.45 to $0.55–$0.65, excluding any charges related to the early extinguishment of debt Burberry Group plc Factored for impact of Covid-19 12/3/2021 15/07/20 Company expectations for the fourth quarter of fiscal 2021: -Retail revenues to grow by 28–32% compared to the same quarter last year. Company expectations for fiscal 2021: -Drop in sales of about 10%–11% -Estimated operating margin to be 15.5–16.5% Adidas AG Factored for impact of Covid-19 11/3/2021 10/11/2020 Company expectations for fiscal 2021: -Currency neutral net profits to grow in the mid to high teens -Gross margin to grow to about 52% -Operating margin to rebound to 9–10% -Net income from ongoing activities to be in the range of €1.25–1.45 billion($1.50–1.74 billion) Ulta Beauty, Inc Factored for impact of Covid-19 11/3/2021 3/12/2020 Company expectations for fiscal 2021: -Open up to 40 net new stores and complete approximately 21 remodel or relocation projects -Net revenues to be between $7.2–$7.3 billion -Comparable sales growth to be approximately 15–17% -Increase operating profit to about 9% of sales -Adjusted earnings per share to be in the range of $8.85–$9.30, including the impact of approximately $850 million in share repurchases -Effective tax rate to be around 24.8% -Capital Expenditures to be in the range of $200–$250 million -Depreciation and amortization expense to be in the range of $270–$280 million Wm Morrison Supermarkets plc Factored for impact of Covid-19 11/3/2021 12/5/2020 Company expectations for fiscal 2021–2022: -Strong free cash flow and a substantial decrease in net debt -Net debt/EBITDA to be no more than the 2019/20 ratio of 2.4X. -Earnings before tax and exceptionals, including taxes charged, will be higher than the £431 million ($602.5 million) profit generated in 2020/21, excluding the £230 million ($321.5 million) in waived rates relief -300 McColl's stores to be converted to Morrisons Daily over the next three years -Plan for a 100% carbon-neutral direct British farm supply chain by 2030 DICK'S Sporting Goods, Inc Factored for impact of Covid-19 9/3/2021 10/3/2020 Company expectations for fiscal 2021: -Net Sales to be in the range of $9.544–$9.935 billion -Consolidated same store sales to be (2)–2% -Income before income taxes, non-GAAP to be $520–$620 million -Percentage of net sales to be in the range of 5.4–6.2% -Non-GAAP income before income taxes to be in the range of $550–$650 million -Non-GAAP income before income taxes as a percentage of net sales to be 5.8–6.5% -Earnings per diluted share to be $3.81–4.55 -Non-GAAP earnings per diluted share to be $4.40–5.20 -Weighted average diluted shares to be 105 -Non-GAAP weighted average diluted shares to be 96 -Gross capital expenditures to be $345–370 million -Net capital expenditures to be $275–300 million ContextLogic Inc. Factored for impact of Covid-19 8/3/2021 - Company expectations for the first quarter of fiscal 2021: -Revenue to be in the range of $735 –$750 million -Year over year growth to be in the range of 67–70% -Adjusted EBITDA to be ($85)–($80) million -Adjusted EBITDA to be (12)–(11)% of revenue Big Lots, Inc. Factored for impact of Covid-19 5/3/2021 13/01/21 Company expectations for the first quarter of fiscal 2021: -Diluted earnings per share in the range of $1.30–$1.45 based on a low-single-digit comparable boost in sales -Expected equity repurchases under the $500 million share repurchase authorization approved by the company's Board of Directors on August 27, 2020 are not included in the foregoing first quarter guidance Burlington Stores Factored for impact of Covid-19 4/3/2021 20/03/20 Company expectations for fiscal 2021: -Capital investments, net of landlord allowances, to be approximately $470 million -Open 100 new stores and relocate or close 25 others, with a total of 75 net new stores -Depreciation and amortization, exclusive of favorable lease costs, to be approximately $260 million -Interest cost to be about $80 million, inclusive of $32 million in non-cash interest on convertible bonds -The effective tax rate to be in the range of 24–25% The Gap, Inc Factored for impact of Covid-19 4/3/2021 24/11/20 Company expectations for fiscal 2021: -Diluted earnings per share to be in the range of $1.20 –$1.35 -Net revenue will rise in the mid to high teens compared to fiscal year 2020 -Operating margin to be approximately 5% -Net interest expense to be approximately $210 million -Effective tax rate to be approximately 25% -Capital investment is expected to be approximately $800 million -Open 30 to 40 Old Navy stores and 20 to 30 Athleta stores, and close around 100 Gap and Banana Republic stores worldwide, 75 of which will be in North America The Kroger Co Factored for impact of Covid-19 4/3/2021 3/12/2020 Company expectations for the full year 2021: - Adjusted odentical sales to be (3.0)–(5.0)% -Adjusted operating profit to be $3.3–$3.5 billion -Adjusted EPS to be $2.75–$2.95 -Adjusted capital expenditure will be $3.4–$3.6 billion -Adjusted tax rate will be 23% - Adjusted free cash flow to be $1.6–$1.8 billion -Sum of actual 2020 identical sales and 2021 guidance to grow 9.1–11.1% over a two year period -EPS to grow at a compound annual growth rate (CAGR) of 12–16% over a two year period -Adjusted operating profit to grow at a CAGR of 5.4–8.5% over a two year period -Free cash flow to be $2.9–$3.0 billion over a two year period Ross Stores, Inc. Factored for impact of Covid-19 3/3/2021 3/3/2020 Company expectations for the first quarter of fiscal 2021: -Comparable retail sales to be down 1–5% -Earnings per share expected to range from $0.74 to $0.86 Company expectations for fiscal 2021: -Open approximately 40 Ross Dress for Less stores and 20 dd's DISCOUNTS stores Grocery Outlet Holding Corp. Factored for impact of Covid-19 2/3/2021 10/11/2020 Company expectations for fiscal 2021: -Open between 36 and 38 stores and close one store -Normalized tax rate of 28% -Net tenant improvement allowances to be approximately $130.0 million Company expectations for the first quarter of fiscal 2021: -Comparable revenues for the first quarter to fall in the negative high-single digits Kohl's Corporation Factored for impact of Covid-19 2/3/2021 4/2/2021 Company expectations for the full year 2021: -Net revenues to witness a rmid-teens rise -Operating margin to be in the range of 4.5–5.0% -Earnings per share excluding non-recurring costs to be in the range of $2.45 –$2.95 Nordstrom, Inc Factored for impact of Covid-19 2/3/2021 4/2/2021 Company expectations for fiscal 2021: -Revenue, including online purchases and credit card revenue, to increase by more than 25%, with digital accounting for about 50% of all sales -EBIT margin to be around 3% of sales -Income tax rate to be around 27% -Leverage ratio to be around 3x by year-end Company expectations for first half of fiscal 2021: -EBIT is expected to be roughly breakeven reflecting approximately 45% of total year sales Associated British Foods plc Factored for impact of Covid-19 25/02/21 24/02/20 Company expectations for the first half of fiscal 2021: -Primark revenue to be around £2.2 billion ($3.07 billion) -Adjusted operating result to be slightly better than break-even -The group's effective tax rate to be around 30% -83% of the company's retail selling space should be open by 26 April Best Buy Co. Factored for impact of Covid-19 25/02/21 25/08/20 Company expectations for the first quarter of fiscal 2022: -Comparable sales to be about 20% -Non-GAAP gross profit rate to be slightly smaller than the 1Q21 rate of 23% -Non-GAAP SG&A growth to be around 10% Company expectations for the full fiscal year 2022: -Comparable sales growth to be in the range of (2)–1% -Digital channels to account for about 40% of all domestic sales -Non-GAAP gross profit rate to be marginally smaller than the FY21 rate of 22.4% -Non-GAAP SG&A growth to be in the low single digits -Share repurchase of at least $2.0 billion -Capital expenditures to be in the range of $750–$850 million Vipshop Holdings Limited Factored for impact of Covid-19 25/02/21 13/11/20 Company expectations for the first quarter of fiscal 2021: -Total net profits to be in the range of ¥27.2–¥28.2 billion ($4.20– $4.36 billion), with a growth rate of around 45% to 50% year over year L Brands, Inc Factored for impact of Covid-19 24/02/21 5/2/2021 Company expectations for the first quarter of fiscal 2021: -Earnings to be in the range of $0.35–$0.45 per share The TJX Companies, Inc. Factored for impact of Covid-19 24/02/21 19/08/20 Company expectations for the first quarter of fiscal year 2022: -Total sales, pre-tax margin and earnings per share to be negatively impacted due to temporary store closures Macy's, Inc Factored for impact of Covid-19 23/02/21 21/05/20 Company expectations for the full year 2021: -Net sales to be in the range of $19.75–$20.75 billion -Adjusted diluted earnings per share to be in the range of $0.40–$0.90 -Asset sale gains to be in the range of $60–$90 million Walmart Inc Factored for impact of Covid-19 18/02/21 18/02/20 Company expectations for the full year 2021: -Consolidated net sales growth to be in low single-digits -Comp growth in sales in both Walmart US and Sam's Club to be in low single-digits upwards -Consolidated operating income to decline -Consolidated expense leverage to maintain pace or slightly deleverage -Effective tax rate to be 24.5–25.5% -EPS to decline slightly -Capital spending to be around $14 billion focusing on automation, customer-facing projects, technologies and the supply chain Koninklijke Ahold Delhaize N.V. (ENXTAM:AD) Factored for impact of Covid-19 17/02/21 4/11/2020 Company expectations for the full year 2021: -Company net online customer revenue will increase by more than 30% -Underlying operating margin to be at least 4% -Underlying EPS to grow by mid-to-high-single-digits relative to 2019 -Capital expenditure to be around €2.2 billion ($2.7 billion) -Free cash flow to be about €1.6 billion ($1.93 billion), resulting in total free cash flow of €5.6 billion ($6.76 billion) from 2019 to 2021, exceeding the 2018 Capital Markets Day estimate of €5.4 billion ($6.5 billion) CVS Health Corporation Factored for impact of Covid-19 16/02/21 6/11/2020 Company expectations for the full year 2021: -GAAP diluted EPS to be in the range of $6.06–$6.22 from ongoing activities -Adjusted EPS to be in the range of $7.39–$7.555 -Cash flow from operations to be in the range of $12.0–$12.5 billion The Macerich Company Factored for impact of Covid-19 11/2/2021 6/2/2020 Company expectations for the full year 2021: -Diluted EPS to be in the range of ($0.90–$0.70) Under Armour, Inc Factored for impact of Covid-19 10/2/2021 30/10/20 Company expectations for the full year 2021: -Revenues to grow by high single-digits -Gross margin to rise slightly compared to the adjusted gross margin rate of 48.66 last year -Operating income to be in the range of $5–$25 million -Adjusted operating income to be in the range of $130–$150 million -Diluted losses per share to be in the range of $0.18–$0.20 -Diluted adjusted earnings per share to be in the range of $0.12–$0.14 Hanesbrands Inc. Factored for impact of Covid-19 9/2/2021 5/11/2020 Company expectations for the first quarter of fiscal year 2021: -Net sales to be in the range of $1.485–$1.515 billion -Net sales year-over-year growth to be 14% and 10% growth expected on constant currency basis -Operating profit from GAAP to be in the range of $140–$150 million -Adjusted operating profit to be in the range of $150–$160 million -Tax rate to be approximately 6% on a GAAP basis and approximately 16% on an adjusted basis - GAAP and adjusted earnings per share to be in the range of $0.24–$0.27 Ocado Group plc Factored for impact of Covid-19 9/2/2021 10/12/2020 Company expectations for the full year 2021: -UK Solutions and Logistics revenues to grow by double-digits -Revenues from International Solutions to grow to about £50 million ($69 million) - Two openings of Customer Fulfillment Center sites are planned for the first half of 2021 Simon Property Group, Inc. Factored for impact of Covid-19 8/2/2021 4/2/2020 Company expectations for the full year 2021: -Net income per diluted share to be in the range of $4.60–$4.85 -Funds from operations per diluted share to be in the range of $9.50–$9.75 L Brands, Inc. Revised 5/2/2021 7/1/2021 Company expectations for the fourth quarter of fiscal year 2021: -EPS to be approximately $2.95–$3.00, compared to prior estimates of $2.80–$2.70. -Comparable sales to increase 10%, consisting of a 22% rise at Bath & Body Works and a 3% decline at Victoria's Secret The Estée Lauder Companies Inc. Factored for impact of Covid-19 5/2/2021 2/11/2020 Company expectations for the third quarter of 2021: -Net sales to grow 13–14% compared to the previous year -Net sales, excluding currency impact, to increase between 10% and 11% -Diluted net earnings per common share to be between $0.99–$1.11 -Diluted net earnings per common share excluding restructuring and other charges and adjustments to be between $1.10–$1.20 -Adjusted diluted earnings per common share to increase 26–38% on a constant currency basis Ralph Lauren Corporation Factored for impact of Covid-19 4/2/2021 29/10/20 Company expectations for the fourth quarter of 2021: - Revenues to decline approximately mid-to-high single digits compared to last year - Gross margin to grow at a more modest rate compared to the first three quarters of the year. - Operating expenses to decrease low single-digit compared to last year. Company expectations for the fiscal year 2021: - Capital expenditures to be approximately $130–$140 million Tapestry, Inc Factored for impact of Covid-19 4/2/2021 6/2/2020 Company expectations for the full year 2021: - Revenue to increase at a high-single digit rate on a 52-week basis and around 10% on 53-week basis eBay Inc Factored for impact of Covid-19 3/2/2021 28/10/20 Company expectations for the first quarter of 2021: -Revenue to be in the range of $2.94–$2.99 billion -Organic FX-Neutral YoY Growth to be in the range of 35–37% -GAAP EPS to be in the range of $0.81–$0.86 -Non-GAAP EPS to be in the range of $1.03–1.08 Amazon.com, Inc. Factored for impact of Covid-19 2/2/2021 29/10/20 Company expectations for the first quarter of 2021: -Net sales to grow in the range of $100.0–$106.0 billion (33–40%) compared with first quarter 2020 -Approximately 300 basis points favorable impact from foreign exchange rates -Operating income to be in the range of $3.0–$6.5 billion, compared with $4.0 billion in first quarter 2020 -Approximately $2.0 billion in costs related to Covid-19 ASOS Plc Factored for impact of Covid-19 1/2/2021 12/8/2020 Company expectations for the full year 2022: -Incremental revenues in 2022 will be broadly flat compared to 2020 -Generate growth on the ASOS website and through strategic retail partnerships -Produce a double-digit return on capital (after tax) V.F. Corporation Announced 28/01/21 22/10/21 Company expectations for fiscal 2022: -Revenue to be $11.85 billion, representing a 28% increase -Outdoor revenue to grow 26%–28% -Active revenue to grow 31%–33% -Work revenue to grow 19%–21% -International revenue to grow 22%–24% -EMEA region revenue to grow 28%–30% -Asia Pacific region revenue to grow 7%–9% -Revenue in the Americas (non-US) region to grow 33%–35% -Direct-to-consumer revenue to grow 32%–34% -Digital revenue growth to be greater than 15% -Adjusted gross margin to be at least 55% -Adjusted operating margin to increase by at least 500 basis points to at least 13% -Adjusted earnings per share to be around $3.20 -Adjusted cash flow from operations to be around $1.0 billion -Effective tax rate to be approximately 14% -Capital expenditures to be around $350 million Tractor Supply Company Factored for impact of Covid-19 28/01/21 22/10/20 Company expectations for the full year 2021: -Net sales to be in the range of $10.7–$11.0 billion -Comparable store sales to be in the range of (2%) to 1% -Operating margin rate to be in the range of 9.3% to 9.6% -Net income to be in the range of $750–$800 million. -Earnings per diluted Share to be in the range of $6.50 to $6.90 -Capital expenditures to be in the range of $450–$550 million -Effective income tax rate to be in the range of 22.5% to 22.8% V. F. Corporation Factored for impact of Covid-19 27/01/21 16/10/20 Company expectations for the full year 2021: -Revenues to be in the range of $9.1 billion to $9.2 billion, representing an adjusted decline of 12% to 13% -Adjusted EPS to be around $1.30, representing a decline of approximately 51% -Adjusted free cash flow to be $650 million, revised from the previous expectation of more than $600 million American Eagle Outfitters, Inc. Factored for impact of Covid-19 21/01/21 4/3/2020 Company expectations for the fourth quarter of 2020: -Adjusted operating profits to reach $95 million -Revenue to decline by low single digits -Digital sales to grow by double digits across labels -Aerie's revenue to grow at the high 20% level -American Eagle revenue to decline by low double digits Intel Corporation Factored for impact of Covid-19 21/01/21 22/10/20 Company expectations for the first quarter of 2021: -GAAP net revenue to be approximately $18.6 million -Non-GAAP revenue to be approximately $17.5 billion -GAAP operating margin to be approximately 27% -Non-GAAP operating margin to be approximately 30% -GAAP tax rate to be approximately 14.5% -Non-GAAP tax rate to be higher than 14.5% -GAAP EPS to be approximately $1.03 -Non-GAAP EPS to be approximately $1.10 boohoo group plc Factored for impact of Covid-19 14/01/21 30/09/20 Company expectations for the fiscal year ending February 28, 2021 -Group revenue growth to be in the range of 36–38% -Adjusted EBITDA margin for the year to be around 10% -Growth in sales per annum to be 25% Big Lots, Inc. Factored for impact of Covid-19 13/01/21 1/10/2020 Company expectations for the fourth quarter of 2020: -Diluted EPS to be in the range of $2.40–$2.50 Nordstrom, Inc. Factored for impact of Covid-19 13/01/21 3/3/2020 Company expectations for the fourth quarter of 2020: -EBIT margin to deleverage by approximately 500 basis points relative to the prior year, primarily due to lower sales volumes Albertsons Companies, Inc. Factored for impact of Covid-19 12/1/2021 20/10/20 Company expectations for the full-year 2020: -Identical sales to be roughly 16.5 % in 2020, previously at least 15.5% -Adjusted EPS to be in the range of $3.05–$3.15 per share, previously $2.75–$2.85 per share -Modified EBITDA to be between $4.4–4.5 billion, previously between $4.15–4.25 billion -Capital expenditures to be in the range of $1.65–1.75 billion, previously $1.9 billion Five Below, Inc Factored for impact of Covid-19 12/1/2021 18/03/21 Company expectations for the fourth quarter of 2020: -Net sales to be in the range of $835–840 million or 21.5–22.2% growth -Comparable sales to grow nearly 11% - Outstanding diluted earnings of $2.08–$2.12 per common share on around 56.2 million forecast weighted average shares Company expectations for the full year 2020: -Net revenues to be in the range of $1.939–1.944 billion, or 5.0–5.2% growth -A comparable drop in sales of around 6.5% -Outstanding diluted income of $2.07–$2.11 per common share on around 56.2 million forecast weighted average shares Lululemon Athletica Inc. Revised 11/1/2021 1/13/2020 Company revised earnings guidance for the fourth quarter of fiscal year 2021: -Revenue to be at the upper end of their previous range of $1.370–1.380 billion -Net sales to be at the upper end of its mid-to-high teens guidance -Adjusted Diluted earnings per share to be at the high end of its mid-single digits guidance L Brands, Inc. Factored for impact of Covid-19 7/1/2021 28/07/20 Company expectations for the fourth quarter of 2021: -Earnings per share to range between $2.70 and $2.80. Ocado Group plc Factored for impact of Covid-19 10/12/2020 19/03/20 Company expectations for the full-year 2021: -Full year EBITDA expected to be over £70 million ($93 million) Lowe's Companies, Inc. Factored for impact of Covid-19 9/12/2020 18/11/20 Company expectations for the full-year 2020: -Total sales to increase by approximately 22% -Comparable sales to increase by approximately 23% -Operating margin to increase by 200 basis points -Adjusted operating income to increase by 170 basis points -Effective income tax rate is to be approximately 25% -Diluted earnings per share to be between $7.53 and $7.63 for the fiscal year ending January 29, 2021 -Adjusted diluted earnings per share to be $8.62–$8.72 Guess?, Inc. Factored for impact of Covid-19 3/12/2020 10/6/2020 Company expectations for the fourth quarter of 2020: -Revenues is expected to be down in the low to mid-twenties. Ulta Beauty, Inc Factored for impact of Covid-19 3/12/2020 12/3/2020 Company expectations for the fourth quarter of 2020: -Comparable store sales are expected to decline in the range of 12–14% Company expectations for fiscal year 2020: -Open approximately 30 new stores and relocate five projects -Operational costs related to PPE and Covid-19 to be around $180–190 million -Reduction in SG&A expenditures of approximately $51 million as a result of the CARES Act -Incur $30–40 million in conjunction with the decision to cancel planned expansion to Canada PVH Corp. Factored for impact of Covid-19 2/12/2020 11/6/2020 Company expectations for the fourth quarter of 2020: -Revenue to decline approximately 20% compared to the previous year Gap Inc. Factored for impact of Covid-19 24/11/20 4/6/2020 Company expectations for the fourth quarter of 2020: -Net sales to be equal to or slightly higher than the previous year -Gross margin rate to be equal to the previous year -Operating expenses to be 33–34% of company sales Tiffany & Co. Factored for impact of Covid-19 24/11/20 15/10/20 Company expectations for the fourth quarter of 2020: -Total net sales to decline by a mid-single-digit percentage relative to the same period in the previous year -Operating earnings to increase by a low-double-digit percentage relative to the same period in the previous year -Diluted earnings per share to increase by a high-single-digit percentage relative to the same period in the previous year Foot Locker Withdrawn 20/11/20 17/03/20 Target Corporation Withdrawn 18/11/20 20/05/20 Vipshop Holdings Limited Factored for impact of Covid-19 13/11/20 19/08/20 Company expectations for the fourth quarter of 2020: -Total net revenue to be in the range of ¥33.7–35.2 billion ($5.13–5.36 billion), representing year-over-year growth of 15–20% Grocery Outlet Holding Corp Factored for impact of Covid-19 10/11/2020 20/04/20 Company expectations for the fourth quarter of 2020: -34 stores to open this year with no additional closures, in order to build the real estate pipeline to support 10% annual unit growth -Quarter-to-date comparable store sales growth is in the positive mid-single digits; the company expects comps for the full fourth quarter to remain consistent at these levels -A normalized tax rate of 28%, excluding the impact of discrete items -Weighted average diluted share count to be approximately 100 million shares CVS Health Corporation Factored for impact of Covid-19 6/11/2020 5/8/2020 Company expectations for fiscal year 2020: -Raised GAAP diluted EPS guidance range to $5.60–$5.70 from $5.16–$5.29 -Raised Adjusted EPS guidance range to $7.35–$7.45 from $7.14–$7.27 -Raised cash flow from operations guidance range to $12.75–$13.25 billion from $11.0–$11.5 billion Canada Goose Holdings Inc. Withdrawn 5/11/2020 7/2/2020 Hanesbrands Inc. Factored for impact of Covid-19 5/11/2020 30/04/20 Company expectations for the fourth quarter of 2020: -Net sales to be in the range of $1.60 billion to $1.66 billion -Operating profit to be in the range of $154 million to $174 million -Pre-tax restructuring and other action-related charges of approximately to be $6 million and will be reflected in the operating profit -Interest expense and other expenses to be $50 million combined -An annual effective tax rate to be in the range of approximately 17.5% -Earnings per share will be from $0.24 to $0.29 -Cash flow from operating activities will be in the range of $70 to $170 million, which includes the impact from higher-than-anticipated PPE inventory Koninklijke Ahold Delhaize N.V. Factored for impact of Covid-19 4/11/2020 5/8/2020 Company expectations for fiscal year 2020: -EPS to rise to the high 20% range from previous low to mid-20% growth -Net consumer online sales to reach goal of €7 billion($8.3 billion), one year ahead of plan -Underlying operating margin in 2020 to be higher than 2019 -Free cash flow of at least €1.7 billion ($2.6 billion), including the effect of paying a €577 million ($680.8 million) pre-tax obligation -Capital expenditure of around €2.5 billion ($2.9 billion), reflecting accelerated investments in digital and omnichannel capabilities -Authorized €1 billion ($1.2 billion) share buyback program to start at the beginning of 2021 The Estée Lauder Companies Inc. Factored for impact of Covid-19 2/11/2020 20/08/20 Company expectations for the second quarter of 2020: -Net sales to decline by 3–5% versus the prior-year period -Diluted net earnings per common share to be between $1.41 and $1.57 - Excluding restructuring and other charges and adjustments, diluted net earnings per common share to be between $1.45 and $1.60 - Excluding the $0.03 per share dilution related to acquisitions, adjusted diluted earnings per common share to decrease by 24–31% on a constant-currency basis Under Armour, Inc. Revised 30/10/20 31/07/20 Revises earnings guidance for the fourth quarter of fiscal year 2020: -Revenue to be down at a low-teen percentage rate, versus the previously expected decrease of 20% to 25% -Gross margin to be up 20 to 40 basis points versus 2019 due to channel mix benefits and supply chain efficiencies, offset mainly by discounting related to Covid-19 - Gross margin pressure primarily related to expectations around a more promotional environment relative to the prior year -Operating loss to reach approximately $800–860 million; Excluding the impact of restructuring and impairment charges, adjusted operating loss is expected to reach approximately $140–150 million -Adjusted interest and other expense net is expected to be approximately $55 million -Adjusted diluted loss per share is expected to be in the range of $0.47–$0.49 -Inventory is expected to be up by approximately 10% at the end of 2020 -Capital expenditures are planned at approximately $80 million, compared to $144 million in 2019 Amazon.com, Inc Factored for impact of Covid-19 29/10/20 30/07/20 Company expectations for the fourth quarter of 2020: -Net sales to be between $112.0–121.0 billion, or to grow between 28%–38% compared with fourth quarter 2019 -Operating income to be between $1.0–4.5 billion, compared with $3.9 billion in fourth quarter 2019. This guidance assumes approximately $4.0 billion of costs related to Covid-19 Ralph Lauren Corporation Factored for impact of Covid-19 29/10/20 13/02/20 Company expectations for the third quarter and full fiscal year 2021: -Financial results will continue to be negatively impacted by the pandemic and extended demand recovery Tapestry, Inc. Factored for impact of Covid-19 29/10/20 6/2/2020 Company expectations for fiscal year 2021: -Topline inflection in the second half of the fiscal year, with both revenue and bottom-line growth Tractor Supply Company Factored for impact of Covid-19 22/10/20 23/07/20 Company expectations for the fourth quarter of 2020: -Net sales to be $2.6–2.7 billion -Net income to be $163–175 million -Comparable store sales will be in range of 15.0–20.0% -Earnings per diluted share will be in the range of $1.37 to $1.47. VF Corporation Factored for impact of Covid-19 16/10/20 31/07/20 Company expectations for fiscal year 2021: - Revenue to be at least $9.0 billion, reflecting a decrease of approximately 14% on an adjusted basis, including low-single-digit growth in the second half driven by a return to growth in the fourth quarter -Adjusted EPS to be at least $1.20, reflecting a decrease of approximately 55% (down approximately 56% in constant-dollar terms) -Adjusted free cash flow to exceed $600 million Tiffany & Co. Factored for impact of Covid-19 15/10/20 27/08/20 Company expectations for the fourth quarter of 2020: -Sales to decline by a mid-single digit percentage year over year. -Operating earnings to increase by a mid-single digit percentage year over year - Diluted earnings per share to increase by a mid-to-high single digit percentage year over year on an as-reported basis International Business Machines Corporation Factored for impact of Covid-19 8/10/2020 21/01/20 Company expectations for the third quarter of fiscal year 2020: - Revenue to be $17.6 billion - GAAP diluted earnings per share from continuing operations to be $1.89 - Operating (non-GAAP) EPS to be $2.58 Zalando SE Factored for impact of Covid-19 8/10/2020 11/8/2020 Company expectations for fiscal year 2020: -Gross merchandise volume (GMV) to grow in the range of 25–27% -Revenues to grow 20–22% Company expectations for the third quarter of fiscal year 2020: -Gross merchandise volume (GMV) to grow in the range of 28–31% to €2.43–2.48 billion ($2.87–2.93 billion) -Revenues to grow in the range of 20–23% to €1.83–1.87 billion ($2.16–2.21 billion) Levi Strauss & Co. Factored for impact of Covid-19 6/10/2020 30/01/20 Company expectations for the fourth quarter of 2020: -Revenues will be down 14–15% year over year Big Lots, Inc. Factored for impact of Covid-19 1/10/2020 26/06/20 Company expectations for the third quarter of fiscal year 2020: - Comparable sales to grow in the mid-teens - Diluted EPS to be in the range of $0.50–$0.70 Boohoo Group plc Factored for impact of Covid-19 30/09/20 17/06/20 Company expectations for fiscal year 2021: - Revenue growth to be in the range of 28–32%, up from 25% previously guided - Adjusted EBITDA margin to be 10%, up from the 9.5–10% previously guided - Medium-term guidance for 25% sales growth per annum and a 10% adjusted EBITDA margin remains unchanged Adobe Inc. Factored for impact of Covid-19 15/09/20 12/3/2020 Company expectations for the fourth quarter 2020: - Total revenue to be approximately $3.35 billion - Digital Media segment year-over-year revenue growth of approximately 18% - Digital Media annualized recurring revenue to be approximately $540 million - Digital Experience segment revenue will be approximately flat year over year - Digital Experience subscription revenue to grow by approximately 1% year over year, or 12% when excluding Advertising Cloud revenue. - Tax rate of approximately (90)% on a GAAP basis and 10% on a non-GAAP basis - GAAP earnings per share of approximately $4.29 - Non-GAAP earnings per share of approximately $2.64 The Kroger Co. Factored for impact of Covid-19 11/9/2020 18/06/20 Company expectations for the full year 2020: - Identical Sales to exceed 13% - EPS growth to be in the range of 45–50% RH Factored for impact of Covid-19 9/9/2020 28/03/19 Company expectations for the full year 2020: - Revenues to grow by 5% - Operating margins to reach 20% Guess Factored for impact of Covid-19 2/9/2020 10/6/2020 Company expectations for the third and fourth quarters of fiscal 2021: - Revenues to decline in the mid-teens range PVH Corp. Factored for impact of Covid-19 2/9/2020 12/2/2020 Company expectations for the second half of 2020: - Revenues to decline by 25% compared to the prior-year period HP Inc. Factored for impact of Covid-19 27/08/20 27/05/20 Company expectations for the fourth quarter 2020: - GAAP diluted net EPS to be $0.32–$0.36 - Non-GAAP diluted net EPS to be $0.50–$0.54 Company expectations for the full fiscal year 2020: - GAAP diluted net EPS to be $1.83–$1.87 - Non-GAAP diluted net EPS to be $2.16–$2.20 - Free cash flow to be in the range of $2.5–3.0 billion Tiffany & Co. Factored for impact of Covid-19 27/08/20 26/12/19 Company expectations for the fourth quarter 2020: -Sales to decline mid-single digit compared to the same quarter for fiscal year 2019 -EPS for the fourth quarter of 2020 to improve in the high single-digits on a reported basis and a low single-digit improvement on a non-GAAP basis, as compared to the same quarter for fiscal year 2019. Dick's Sporting Goods, Inc. Withdrawn 26/08/20 6/3/2020 Best Buy Co., Inc. Factored for impact of Covid-19 25/08/20 27/02/20 Company expectations for the third quarter of fiscal year 2020: - Sales to increase compared to previous year but likely will not continue at the current quarter-to-date level of approximately 20% growth The Estée Lauder Companies Inc. Factored for impact of Covid-19 20/08/20 1/5/2020 Company expectations for fiscal year 2021: - Long-term growth targets of 6–8% sales growth Company expectations for the first quarter of fiscal year 2021: - Net sales to decline 12–13% year over year - Dr. Jart+ will contribute 2.5% to the Company’s overall sales growth - Non-GAAP EPS to be in the range of $0.77–$0.83 - GAAP EPS to be in the range of $0.80–$0.85 The TJX Companies, Inc Factored for impact of Covid-19 19/08/20 19/05/20 Company expectations for the third quarter of fiscal year 2020: - Overall open-only comp store sales to decrease in the range of 10–20% Vipshop Holdings Limited Factored for impact of Covid-19 19/08/20 27/05/20 Company expectations for the third quarter of fiscal year 2020: - Net revenues to be in the range of ¥20.6–21.6 billion ($2.98–3.12 billion) representing year-over-year growth of 5–10% ASOS Plc Revised 12/8/2020 15/07/20 Company revised expectations for fiscal year ending August 31, 2020: - Revenue growth to be in the range of 17–19% - Profit before taxes to be in the range of £130–150 million (around $171–197 million) Cisco Systems, Inc Factored for impact of Covid-19 12/8/2020 13/05/20 Company expectations for the first quarter of fiscal year 2021: - Revenue to decline 9–11% year over year - Non-GAAP gross margin rate to be in the range of 64–65% - Non-GAAP operating margin rate to be in the range of 30–31% - Non-GAAP tax provision rate to be 19% - Non-GAAP EPS to be in the range of $0.69–$0.71 - GAAP EPS to be in the range of $0.41–$0.47 Grocery Outlet Holdings Factored for impact of Covid-19 10/8/2020 11/5/2020 Company expectations for fiscal year 2020: - Open between 30 and 32 stores - Quarter-to-date comparable store sales growth is approximately 10% and is expected to moderate as the economy reopens - Normalized tax rate of 28% - Weighted average diluted share count to be approximately 100 million shares CVS Health Corporation Revised 5/8/2020 6/5/2020 Company revised expectations for fiscal year 2020: - GAAP diluted EPS to be $5.59–$5.72 (previously $5.47–$5.60) - Adjusted EPS to be in the range of $7.14–$7.27 (previously $7.04–$7.17) - Cash flow from operations to be in the range of $11.0–11.5 billion (previously $10.5–11.0 billion) The Clorox Company Factored for impact of Covid-19 3/8/2020 1/5/2020 Company expectations for fiscal year 2021: - Organic sales growth to be flat to low single digits - Diluted EPS to be in the range of a mid-single-digit decrease to a mid-single-digit increase - Advertising and sales promotion spending to increase to about 11% of sales - Selling and administrative expenses to be about 14% of sales - Effective tax rate to be in the range of 22–23% Amazon.com, Inc. Factored for impact of Covid-19 31/07/20 21/05/20 Company expectations for the third quarter of fiscal year 2020: - Net sales in the range of $87–93 billion, a growth in range of 24–33% compared to the third quarter of 2019 - Operating income to be in the range of $2–5 billion, compared to $3.2 billion in the third quarter of 2019 Johnson Controls International plc Factored for impact of Covid-19 31/07/20 1/5/2020 Company expectations for the fourth quarter of fiscal year 2020: - Organic revenue to decline by 9–11% - Net EBIT to decrease in the low teens - Adjusted EPS to be in the range of $0.68–$0.72 Company expectation for fiscal year 2020: - Adjusted EPS to be in the range of $2.16–$2.20, representing year-over-year growth of 10–12% Under Armour, Inc. Factored for impact of Covid-19 31/07/20 11/5/2020 Company expectation for the second half of 2020: - Retail sales to fall between 20–25% VF Corporation Factored for impact of Covid-19 31/07/20 15/05/20 Company expectations for the second quarter fiscal year 2021: - Revenues are expected to be down by less than 25% Company expectations for fiscal year 2021: - Free cash flow to exceed $600 million The Procter & Gamble Company Factored for impact of Covid-19 30/07/20 17/04/20 Company expectations for fiscal year 2021: - Sales growth in the range of 1–3% versus fiscal year 2020 - GAAP diluted net EPS growth in the range of 6–10% versus fiscal 2020 GAAP EPS of $4.96 - Effective tax rate in the range of 18–19% - Capital spending to be in the range of 4–5% of net sales - Adjusted free cash flow productivity of 90% - Pay approximately $8 billion in dividends and repurchase $6–8 billion of common shares eBay Inc Factored for impact of Covid-19 28/07/20 4/6/2020 Company expectations for the third quarter of 2020: - Net revenues to be in the range of $2.64–2.71 billion - Organic revenues (foreign currency-neutral) growth of 14%–17% - GAAP earnings per diluted share to be in the range of $0.58–$0.64 - Non-GAAP earnings per diluted share to be in the range of $0.81–$0.87 Company expectations for fiscal year 2020: - Net revenues to be in the range of $10.56–10.75 billion - Organic revenues (foreign currency-neutral) growth of 12%–14% - GAAP earnings per diluted share to be in the range of $2.85–$3.00 - Non-GAAP earnings per diluted share to be in the range of $3.47–$3.59 Intel Corporation Factored for impact of Covid-19 23/07/20 23/04/20 Company expectations for the full year 2020: - Revenues to be approximately $75 billion - Tax rate to be approximately 14.5% - Cash from operations to be $32.5 billion - Full-year capital spending to be $15 billion - Non-GAAP free cash flow to be $17.5 billion - GAAP operating margin to be 30% and non-GAAP operating margin to be 32% Company expectations for the third quarter 2020: - Revenues to be approximately $18.2 billion - GAAP operating margin to be 28% and non-GAAP operating margin to be 30% - Tax rate to be approximately 15.5% - GAAP EPS to be $1.02 and non-GAAP EPS to be $1.10 Kimberly-Clark Corporation Factored for impact of Covid-19 22/07/20 22/04/20 Company expectations for the full year 2020: - Net sales to increase by 1–2% - Organic sales to increase by 4–5% - Adjusted operating profit growth to be in the range of 6–9% - Adjusted effective tax rate of 23–24% - Adjusted EPS to be in range of $7.40–7.60, compared to $6.89 in 2019 - Capital spending to be in range of $1.2–1.3 billion - Share repurchases in the range of $700–900 million, subject to market conditions Tractor Supply Company Factored for impact of Covid-19 22/07/20 7/4/2020 Company expectations for the third quarter: - Net sales to be in the range of $2.30–2.42 billion - Comparable store sales to be in the range of 12–18% - Net income to be in the range of $136–162 million - Earnings per diluted share to be in the range of $1.15–1.35 Ollie’s Bargain Outlet Holdings, Inc Factored for impact of Covid-19 21/07/20 28/05/20 Company expectations for the second quarter: - Total net sales to be approximately $515 million - Comparable store sales growth to be approximately 40% - Gross margin to be approximately 39% of net sales - Operating margin to be approximately 16% of net sales Zalando SE Revised 15/07/20 6/5/2020 Company revised its expectation for the fiscal year 2020: - GMV to be in the range of 20–25%, previously 10–20% - Revenues to be in the range of 15–20%, previously 10–20% - Adjusted EBIT of €250–300 million ($285–399 million), previously €100–200 million ($114–228 million) ASOS Plc Factored for impact of Covid-19 15/07/20 23/01/20 Company expection for the fiscal year ending August 21: - Total retail sales to be £2.53 billion ($3.2 billion) compared to the previous year's £2.65 million ($3.34 billion) Burberry Group Plc Factored for impact of Covid-19 15/07/20 22/01/20 Company expectation for the second quarter: - Comp retail sales to decline by 15–20%. Company expectations for the first half of fiscal year: - Wholesale sales decline to be in range of 40–50% - Gross margin to decline by 200–300 basis points year over year - Operating expenses to reduce by a mid-teens percentage compared to last year Capri Holdings Limited Factored for impact of Covid-19 1/7/2020 5/2/2020 Company expectation for the first quarter of fiscal year 2021: - Revenues to decline by approximately 70% compared to the prior year - Due to lower revenue and resulting deleveraging, the company anticipates a significant loss per share Big Lots, Inc Factored for impact of Covid-19 26/06/20 29/05/20 Company expectation for the second quarter of fiscal year 2020: - Comparable sales to be up by a mid- to high-20s percentage, - Adjusted diluted EPS to be between $2.50 and $2.75, versus $0.53 in the second quarter of 2019 Boohoo Group Factored for impact of Covid-19 17/06/20 14/01/20 Company expectation for the fiscal year ending February 2021: - Revenue growth to be approximately 25% - Adjusted EBITDA margin of 9.5–10% - Capital expenditure to be in the region of £60–80 million ($75.5–100.2 million) PVH Corp. Factored for impact of Covid-19 11/6/2020 12/2/2020 The company expects that its revenue decline in the second quarter will be more pronounced than its first-quarter decline of 43% Guess?, Inc Factored for impact of Covid-19 10/6/2020 18/03/20 The company estimates that revenues for the second quarter of fiscal year 2021 will see a decline similar to the 52% decrease in the first quarter eBay Inc Revised 4/6/2020 29/04/20 Company's revised expectations for the second quarter of 2020: - Revenue to be in the range of $2.75–2.8 billion, previously $2.38–2.48 billion - Non-GAAP EPS to be in the range of $1.02–$1.06, previously $0.73–$0.80 Big Lots, Inc. Factored for impact of Covid-19 29/05/20 30/03/20 Company expectation for the second quarter of 2020: - Diluted EPS to be in the range of $0.65–$0.80 HP Inc Factored for impact of Covid-19 27/05/20 24/02/20 Company expectations for the third quarter 2020: - GAAP diluted net EPS to be in the range of $0.35 to $0.41 - Non-GAAP diluted net EPS to be in the range of $0.39 to $0.45 Vipshop Holdings Limited Factored for impact of Covid-19 27/05/20 5/3/2020 Company expectation for the second quarter of 2020 - Diluted EPS to be in the range of $0.65–$0.80 Tractor Supply Company Factored for impact of Covid-19 26/05/20 30/01/20 Company expectations for 2Q20: - Net sales growth of 24–29% - Comparable store sales growth of 20–25% - Net incremental operating expenses related to the Covid-19 pandemic are estimated to be at the high end of $30–50 million - Diluted EPS to be in the range of $2.45 to $2.65 Alibaba Group Factored for impact of Covid-19 22/05/20 15/05/19 Company expectations for fiscal year 2021: - Net Revenues ¥650 billion ($91.1 billion) Macy's Factored for impact of Covid-19 21/05/20 25/02/20 Company expectations for the first quarter 2020: - Net sales of $3–3.03 billion compared to $5.5 billion in 1Q 2019 - Operating income loss of $0.9–1.1 billion compared to $203 million in profit in 1Q 2019 - Cash and cash equivalents of $1.5 billion compared to $737 million in 1Q 2019 - Total debt of $5.65 billion compared to $4.72 billion in 1Q 2019 L Brands, Inc Withdrawn 20/05/20 20/02/20 Lowes Withdrawn 20/05/20 26/02/20 Target Corporation Withdrawn 20/05/20 26/03/20 The Home Depot Withdrawn 19/05/20 25/02/20 Walmart, Inc Withdrawn 19/05/20 18/02/20 JD.com Factored for impact of Covid-19 15/05/20 2/3/2020 Company expectations for the second quarter 2020: - Net revenues of ¥180–195 billion ($25.3–27.4 billion) - Growth rate of 20–30% compared with the second quarter of 2019 VF Corp. Factored for impact of Covid-19 15/05/20 23/03/20 The company expects: - Revenues in the first quarter of fiscal year 2021 to be down slightly more than 50% - Free cash flow in the full fiscal year 2021 to exceed $600 million Cisco Systems Factored for impact of Covid-19 13/05/20 12/2/2020 Company expectations for the third quarter 2020: - Revenue to decline in range of (1.5)–(3.5)% year over year - Non-GAAP gross margin rate in range of 64.5–65.5% - Non-GAAP operating margin rate in range of 32.5–33.5% - Non-GAAP tax provision rate 20% - Non-GAAP EPS in range $0.79–$0.81 Wm Morrisons Supermarket Factored for impact of Covid-19 12/5/2020 8/1/2019 The company estimates that 2020/21 costs relating directly to Covid-19 are likely to be broadly offset by the in-year business-rates cost saving Grocery Outlet Holdings Withdrawn 11/5/2020 20/04/20 Simon Property Group Withdrawn 11/5/2020 4/2/2020 Loblaw Companies Limited Withdrawn 29/04/20 20/02/20 Unilever PLC Withdrawn 23/04/20 30/01/20 Kimberly-Clark Corporation Withdrawn 22/04/20 23/01/20 IBM Withdrawn 20/04/20 20/01/20 SAP Revised 20/04/20 28/01/20 Updated 2020 outlook: - Non-IFRS total revenue in a range of €27.8–28.5 billion ($30.6–30.8 billion) previously €29.2–29.7 billion ($31.6–32.1 billion) - Non-IFRS operating profit in a range of €8.1–8.7 billion ($8.8–9.4 billion) previously €8.9–9.3 billion ($9.6–10.0 billion) The Procter & Gamble Company Revised 17/04/20 23/01/20 The company expects fiscal year 2020 all-in sales growth of 3–4% (previously 4–5%). Fast Retailing Co., Ltd. Revised 9/4/2020 9/4/2020 For the fiscal year ending August 31, 2020: - Revenue of ¥2.09 trillion ($19.49 billion) down from ¥2.34 trillion ($21.82 billion) - Operating profit of ¥145 billion ($1.35 billion) down from ¥245 billion ($2.28 billion) - Basic EPS of ¥979.60 ($9.13) down from ¥1,616.50 ($15.07) Stitch Fix, Inc. Withdrawn 8/4/2020 NA Levi Strauss & Co. Withdrawn 7/4/2020 30/01/20 Tractor Supply Company Withdrawn 7/4/2020 30/01/20 Under Armour, Inc. Withdrawn 3/4/2020 11/2/2020 Casey's General Stores, Inc. Withdrawn 2/4/2020 9/9/2019 Walgreens Boots Alliance, Inc. Withdrawn 2/4/2020 2/4/2020 Dollar Tree, Inc. Withdrawn 31/03/20 4/3/2020 Big Lots, Inc. Withdrawn 30/03/20 27/02/20 RH Withdrawn 30/03/20 5/12/2019 Zalando SE Withdrawn 30/03/20 27/02/20 EssilorLuxottica SA Withdrawn 27/03/20 6/3/2020 Diebold-Nixdorf Withdrawn 27/03/20 11/2/2020 Target Corporation Withdrawn 26/03/20 15/01/20 The Gap, Inc. Withdrawn 26/03/20 12/3/2020 Hanesbrands Inc. Withdrawn 25/03/20 7/2/2020 Nordstrom, Inc. Withdrawn 25/03/20 3/3/2020 Unibail-Rodamco-Westfield Withdrawn 23/03/20 12/2/2020 VF Corp. Withdrawn 23/03/20 23/01/20 Gildan Activewear Inc. Revised 23/03/20 20/02/20 Gildan provided qualitative guidance: - A significant decline in point of sale and shipments for 2Q20 - Sales outlook combined with the impact of fixed cost absorption will result in "a significant earnings loss" in 2Q20 Best Buy Co., Inc. Withdrawn 21/03/20 27/02/20 Burlington Stores, Inc. Withdrawn 20/03/20 5/3/2020 Coty Inc. Withdrawn 20/03/20 5/2/2020 Macy's, Inc. Withdrawn 20/03/20 25/02/20 Kering SA Revised 20/03/20 20/03/20 The company provided qualitative guidance: - A sharp impact on 2Q20 revenue driven by the pandemic's effect on local clientele and tourism - 1H20 recurring operating margin in decline Kohl's Corporation Withdrawn 19/03/20 3/3/2020 Ross Stores, Inc. Withdrawn 19/03/20 1/2/2020 The TJX Companies, Inc. Withdrawn 19/03/20 26/02/20 Burberry Group plc Revised 19/03/20 16/05/19 Fiscal year 2020 comparable retail store sales to represent a 30% decline Skechers U.S.A., Inc. Withdrawn 18/03/20 6/2/2020 Steven Madden, Ltd. Withdrawn 18/03/20 27/02/20 The Estée Lauder Companies Inc. Withdrawn 18/03/20 18/03/20 Williams-Sonoma, Inc. Withdrawn 18/03/20 21/11/19 American Eagle Outfitters, Inc. Withdrawn 17/03/20 4/3/2020 Foot Locker, Inc. Withdrawn 17/03/20 28/02/20 The Real Real Withdrawn 17/03/20 25/02/20 Ulta Beauty, Inc. Withdrawn 17/03/20 12/3/2020 J. C. Penney Company, Inc. Withdrawn 27/02/20 20/03/20 Microsoft Factored for impact of Covid-19 26/02/20 29/01/20 In the fourth quarter 2020, the company expects the cost of goods sold to total $11.55–11.75 billion and operating expenses of $11.8–11.9 billion Ralph Lauren Corporation Revised 13/02/20 4/2/2020 The company expects 4Q20 sales to be negatively impacted by $55 million to $70 million in sales (previously expected it to be "up slightly") Canada Goose Holdings Inc. Revised 7/2/2020 29/05/19 FY20 revenue growth of 13.8–15.0%, down from 20% growth. FY20 adjusted EBIT margin contraction of 330 basis points to 280 basis points; previously expected expansion of at least 40 basis points. Macerich Company Withdrawn 6/2/2020 6/2/2020 Capri Holdings Limited Revised 5/2/2020 6/11/2019 Fiscal year 2020 outlook: - Total revenue of approximately $5.65 billion (down from $5.8 billion) - Operating margin of approximately 13.7% (down from 15.0%) - Diluted EPS of $4.45 to $4.50 (down from $4.95) The Clorox Company Revised 4/2/2020 31/10/19 The company expects the following: - Low single-digit decrease to 1% increase in sales, with flat to 2% organic sales growth (previously 1–3% organic sales growth) - Diluted EPS in the range of $6.10–$6.25 (previously $6.05–$6.25) Capital Raising by Selected Major Retail Companies Company Name Announcement Date Amount (USD Mil.) Type Brief Details Danone 4/1/2025 864.1 Debt Danone, a French multinational food-products corporation, has announced the issuance of an €800 million bond with an eight-year term and a 3.438% coupon. The bond will be settled on April 7, 2025, and is scheduled to mature on April 7, 2033. Target Corporation 3/25/2025 1,000.0 Debt Target Corporation has announced the closing of its sale of $1.0 billion in aggregate principal amount of its 5.000% notes due in 2035. Albertsons Companies, Inc. 2/19/2025 600.0 Debt Grocery chain Albertsons has announced the pricing of its private offering of $600 million in aggregate principal amount of its 6.250% senior notes due in 2033. Aritzia Inc 2/11/2025 46.7 Equity Aritzia Inc, a Canadian clothing retail company, announced a $46.71 ( CAD$66) million secondary offering of subordinate voting shares. Founder and Executive Chair Brian Hill, along with entities he controls, is selling 950,000 shares at $69.85 each. PepsiCo, Inc. 2/7/2025 3,500.0 Debt Global food and beverage company PepsiCo has announced a debt offering of $500 million aggregate principal amount of its 4.400% Senior Notes due 2027, $750 million aggregate principal amount of its 4.450% Senior Notes due 2028, $1 billion aggregate principal amount of its 4.600% Senior Notes due 2030, and $1.25 billion aggregate principal amount of its 5.000% Senior Notes due 2035. PepsiCo received net proceeds of approximately $3,483 million, after deducting underwriting discounts and estimated offering expenses payable by PepsiCo. Tapestry, Inc. 12/4/2024 1,500.0 Debt Tapestry, an American multinational fashion holding company (whose brands include Coach, Kate Spade and Stuart Weitzman), announced the pricing of its offering of $750 million in aggregate principal amount of 5.100% senior unsecured notes due 2030 and $750 million in aggregate principal amount of 5.500% senior unsecured notes due 2035. Gildan Activewear Inc. 11/21/2024 500.0 Debt Gildan Activewear, a Canadian clothing company, announced an offering of C$700 million (nearly $500 million) in senior unsecured notes. The issuance includes C$500 million ($353 million) of 4.362% notes due 2029 (Series 1) and C$200 million ($143 million) of 4.711% notes due 2031 (Series 2). Alibaba Group Holding Limited 11/19/2024 2,650.0 Debt China-based technology and e-commerce company Alibaba Group announced a $2.65 billion offering of US-dollar-denominated Senior Unsecured Notes, comprising a $1 billion aggregate principal amount for its 4.875% notes due 2030, a $1.15 billion aggregate principal amount for its 5.250% notes due 2035 and a $500 million aggregate principal amount for its 5.625% notes due 2054. Coty Inc 11/6/2024 250.0 Debt Multinational beauty company Coty announced its offer to purchase up to $250 million in aggregate principal amount of its outstanding 5.000% Senior Secured Notes due 2026. The Kroger Co 10/2/2024 7,442.0 Debt The Kroger Co. announced that it has extended the expiration date of the previously announced offers to exchange any and all outstanding notes (the "ACI Notes") of Albertsons Companies Inc., New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company and cash. Additionally, Kroger announced that it has extended the expiration date for the related solicitations of consents to adopt certain proposed amendments (the "Proposed Amendments") to the indentures governing the ACI Notes, solely with respect to the Unconsented Series. Ocado Group plc 8/1/2024 574.6 Debt Ocado Group plc, a British company operating in the online grocery shopping space, has issued £450 million in senior unsecured notes due 2029 with a 10.5% coupon. Coty Inc 05/22/2024 541.8 Debt Beauty company Coty Inc. issued €500 million ($535.2 million) in Senior Secured Notes at an interest rate of 4.5%, due in 2027. Big Lots, Inc 04/18/2024 200.0 Debt Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, announced today it has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. Herbalife Ltd 04/01/2024 700.0 Debt Herbalife, a global company that develops and sells dietary supplements and promotes, announced its intention to offer a $700 million aggregate principal amount of senior secured notes due 2029. Herbalife expects to use the proceeds from the offering to “repay indebtedness, including borrowings outstanding under the company’s senior secured credit facility and a portion of the company’s 7.9% senior notes due 2025.” The Estée Lauder Companies Inc. 02/13/2024 650.0 Debt The Estée Lauder Companies, the American multinational cosmetics company and one of the largest cosmetics companies in the world, announced the offering and pricing of $650.0 million aggregate principal amount of its 5.000% Senior Notes, due 2034. Coty Inc 11/22/2023 400.0 Debt Coty Inc., the American multinational beauty company, has announced the early results of cash tender offers for up to $400 million in outstanding debt securities. This includes an Unsecured Tender Offer of $150 million aggregate principal amount for its 6.5% senior notes due 2026 and a Secured Tender Offer of $250 million aggregate principal amount for its 5% senior notes due 2026. Tapestry, Inc. 11/15/2023 4,500.0 Debt Tapestry, Inc. a house of iconic accessories and lifestyle brands, announced the pricing of $4,500 million aggregate principal amount of senior unsecured notes, namely a $500 million aggregate principal amount for its 7.05% senior notes due November 27, 2025; a $750 million aggregate principal amount for its 7% senior notes due November 27, 2026; a $100 million aggregate principal amount for its 7.35% senior notes due November 27, 2028; a $1,000 million aggregate principal amount for its 7.70% senior notes due November 27, 2030; and a $1,250 million aggregate principal amount for its 7.8% senior notes due November 27, 2033. Coty Inc. 9/25/2023 389.0 Equity Coty announced an offering of 33 million shares as part of its plan to list on Euronext Paris. The stock offering is valued at about $389 million based on Coty's closing price in New York on Sptember 25, 2023. This move aims to tap into the European market's deep understanding of the luxury goods industry and is expected to increase the appeal of the French bourse as a global hub for luxury stocks. Reckitt Benckiser Group plc 9/14/2023 1,879.0 Debt Reckitt Benckiser Group, together with Reckitt Benckiser Treasury Services PLC ("the Issuer"), announced the launch and pricing of the following notes under the £1,000.0 million ($1,879.0 million) "Medium Term Note Programme" of the Issuer and Reckitt Benckiser Treasury Services (Nederland), - €650.0 million ($697.2 million) 3.6% fixed-rate senior notes due September 14, 2028 - €750.0 million ($805.0 million) 3.9% fixed-rate senior notes due September 14, 2033 - £300.0 million ($377.0 million) 5.6% fixed-rate senior notes due December 14, 2038 Coty Inc. 9/12/2023 500.0 Debt Coty Inc. announced the pricing of €500.0 million ($537.3 million) aggregate principal amount of 5.8% senior secured notes due in 2028. Unilever Capital Corporation 9/8/2023 1,500.0 Debt Unilever Capital Corporation, a fast-moving consumer goods company, announced $700.0 million 4.9% senior notes due in 2028 and $800.0 million 5.0% senior notes due in 2033. Coty Inc. 7/26/2023 750.0 Debt Coty Inc., together with its wholly-owned subsidiaries, HFC Prestige Products, Inc., and HFC Prestige International U.S. LLC, completed its previously announced offering of 6.6% senior secured notes due 2030 in an aggregate principal amount of $750 million in a private offering. ASOS Plc 5/25/2023 99.0 Equity ASOS, a British online fashion and cosmetics retailer, has filed a Follow-on Equity Offering in the amount of £80 million ($98.9 million). ANTA Sports Products Limited 4/18/2023 1,500.0 Equity Sportswear maker Anta Sports Products is seeking to raise HK$11.8 billion ($1.5 billion) VF Corporation 2/23/2023 529.0 Debt VF Corporation announced the pricing of €500 million ($529 million) aggregate principal amount of unsecured senior notes due 2026 at 99.704% of the aggregate principal amount with a coupon of 4.125%; and €500 million ($529 million) aggregate principal amount of unsecured senior notes due 2029 at 99.570% of the aggregate principal amount with a coupon of 4.250%. Hanesbrands Inc. 2/10/2023 600.0 Debt HanesBrands Inc. announced that it has priced its previously announced unregistered offering of $600 million aggregate principal amount of 9.0% senior unsecured notes due 2031. Albertsons Companies, Inc 2/6/2023 750.0 Debt Albertsons Companies, Inc. announces the pricing of its private offering of $750 million aggregate principal amount of its 6.5% senior notes due 2028. Amazon.com, Inc. 12/1/2022 1,250.0 Debt Amazon.com, Inc. closes the sale of $1.25 billion (aggregate principal amount) of its 4.700% notes due 2024. Lowe's Companies, Inc. 9/6/2022 4,750.0 Debt Lowe's Companies, Inc. will sell $1.0 billion of 4.400% notes due 2025, $1.25 billion of 5.000% notes due 2033, $1.5 billion of 5.625% notes due 2053 and $1.0 billion of 5.800% notes due 2062. Ocado Group plc 6/20/2022 706.0 Debt Ocado Group plc annouces a follow-on equity offering of £576.95892 million ($706.23 million). Kering SA 4/28/2022 158.0 Debt Kering SA issues a dual-tranche bond for €1.5 billion ($1.57 billion), consisting of a €750 million ($788.17 million) tranche with a three-year maturity and a 1.25% coupon, and a €750 million ($788.17 million ) tranche with an eight-year maturity and a 1.875% coupon. Lowe's Companies, Inc 3/22/2022 5,000.0 Debt Lowe's Companies, Inc. will sell $750 million of 3.350% notes due 2027, $1.5 billion of 3.750% notes due 2032, $1.5 billion of 4.250% notes due 2052 and $1.25 billion of 4.450% notes due 2062. Coty Inc. 11/22/2021 500.0 Debt Coty Inc. announces pricing of $500 million in an aggregate principal amount of 4.750% senior secured notes due 2029. Tapestry, Inc. 11/17/2021 500.0 Debt Tapestry, Inc. announces the pricing of $500 million in an aggregate principal amount of 3.050% senior unsecured notes due 2032. Foot Locker, Inc. 9/29/2021 400.0 Debt Foot Locker, Inc. announces pricing of $400 million in an aggregate principal amount for its 4.000% senior notes due 2029. Lowe's Companies, Inc 9/13/2021 2,000.0 Debt Lowe's Companies, Inc. announces $1 billion in 1.700% notes due 2028 and $1 billion in 2.800% notes due 2041. Alibaba Group Holding Limited 2/4/2022 GAP 9/13/2021 1,500.0 Debt The Gap, Inc. announces pricing of $750 million in 3.625% senior notes due 2029 and $750 million in 3.875% Senior Notes due 2031. Simon Property Group, Inc. 8/9/2021 1,250.0 Debt Simon Property Group, Inc. will sell $550 million in 1.375 % senior notes due 2027 and $700 million in 2.250 percent senior notes due 2032. The two new senior notes issuance have a weighted average period of 8.2 years and a weighted average coupon rate of 1.865 % when taken together. On August 18, 2021, the offering is slated to close. Coty Inc. 6/9/2021 852.0 Debt Coty Inc. announces pricing of €700 million ($852 million) of 3.875% senior secured notes due 2026. eBay Inc. 5/3/2021 2,500.0 Debt eBay Inc. announces $2.5 billion in senior unsecured notes, consisting of $750 million in 1.40% notes due 2026, $750 million in 2.60% notes due 2031 and $1 billion in 3.65% notes due 2051. Coty Inc. 4/17/2021 150.0 Debt Coty Inc. announces pricing of $150 million in 5.000% senior secured notes due 2026 in addition to its previosuly announced sum of $750 million. Coty Inc. 4/15/2021 750.0 Debt Coty Inc. announces offering private transactions, up to $750 million aggregate principal amount of senior secured notes. Lowe's Companies, Inc. 3/30/2021 2,000.0 Debt Lowe's Companies, Inc. announces an offering of $1.5 billion of 2.625% notes due 2031 and $500 million of 3.500% notes due 2051. The Macerich Company 3/26/2021 500.0 Equity The Macerich Company files a follow-on equity offering of $500 million. Nordstrom, Inc. 3/24/2021 675.0 Debt Nordstrom announces a $250 million offering of its 2.300% senior notes due 2024 and a $425 million offering of its 4.250% senior notes due 2031. NIKE, Inc. 3/19/2021 1,000.0 Debt NIKE, Inc. enters into a $1 billion 364-day revolving credit facility with the several banks and other financial institutions. Koninklijke Ahold Delhaize N.V. 3/11/2021 717.0 Debt Ahold Delhaize announces its inaugural Sustainability-Linked Bond, amounting to €600 million ($716.71 million) with a term of nine years, due on March 18, 2030. The Estée Lauder Companies Inc. 3/2/2021 600.0 Debt The Estée Lauder Companies Inc. announces the offering of a $600 million aggregate principal sum at 1.950% in senior notes due in 2031. Levi Strauss & Co. 2/2/2021 500.0 Debt Levi Strauss & Co. announces the launch of a $500 million aggregate principal sum in senior notes due 2031 for private placement. The Macerich Company 2/1/2021 500.0 Equity The Macerich Company files a follow-on equity offering of $500 million. Walgreens Boots Alliance, Inc. 12/29/2020 3,500.0 Debt Walgreens Boots Alliance, Inc. enters into a revolving credit agreement with the designated creditors and lenders headed by Wells Fargo Bank, with National Association acting as the administrative agent and swing line lender. The debt arrangement includes a $1.25 billion senior unsecured 364-day revolving credit facility and a $2.25 billion senior unsecured 18-month revolving credit facility. Albertsons Companies, Inc. 12/2/2020 600.0 Debt Albertsons Companies, Inc. announces the offering of $600 million in senior notes due 2029 at 3.500%. Unibail-Rodamco-Westfield 11/25/2020 2,000.0 Debt Unibail-Rodamco-Westfield (URW) issues a €2 billion ($2.38 billion) two-tranche senior bond offering. The offering includes a €1 billion ($1.19 billion) bond with maturity of 6 years and 5 months maturity, a 0.625% fixed coupon, a €1 billion bond with an 11-year maturity and a 1.375% fixed coupon. Simon Property Group, Inc. 11/18/2020 1,396.0 Equity Simon Property Group, Inc. files a follow-on equity offering of $1,396 million. The offering is expected to close on November 23, 2020. Pinduoduo Inc. 11/16/2020 1,750.0 Equity Pinduoduo Inc. files a follow-on equity offering of fixed-rate senior unsecured notes due December 1, 2025 for $1,750 million. Tractor Supply Company 11/5/2020 700.0 Debt Tractor Supply Company enters into a three-year unsecured senior credit facility that consists of a $200 million term loan and a $500 million revolving credit facility. The Macerich Company 11/5/2020 191.0 Debt The Macerich Company secures an extension on the $191 million loan on its Danbury Fair site to April 1, 2021. The amount of the loan and the interest rate are unchanged after the extension. Lowe's Companies, Inc. 10/7/2020 4,000.0 Debt Lowe's Companies, Inc. issues an aggregate of $4.0 billion of unsecured notes: - 1.300% notes worth $1 billion due April 15, 2028; - 1.700% notes worth $1.25 billion due October 15, 2030; and - 3.00% notes worth $1.75 billion due October 15, 2050. Dufry AG 10/6/2020 765.0 Equity Dufry AG has filed a follow-on equity offering for the amount of $765.40 Million (CHF 700 million). L Brands, Inc. 9/16/2020 750.0 Debt L Brands, Inc. is offering to sell senior notes worth $750 million in aggregate principal amount due 2030. L Brands, Inc. 9/16/2020 1,000.0 Debt L Brands, Inc. is upsizing its previously announced offering of senior notes worth $750 million in aggregate principal amount due 2030 to an aggregate principal amount of $1 billion, priced with a coupon of 6.625%. Burberry Group plc 9/15/2020 386.0 Debt Burberry Group Plc announces pricing for its inaugural Sustainability Bond. The final terms are for a £300 Million ($386 million) 1.125% bond due 21 September 2025. Brookfield Property Partners L.P 8/28/2020 384.0 Debt Brookfield Property Partners issues CAD $500 million ($384.4 million) in 5-year medium-term notes at a fixed rate of 3.93%. NCR Corporation 8/17/2020 1,100.0 Debt NCR Corporation announces its intention to offer an aggregate principal amount of $1.1 billion in senior notes due 2028 and senior notes due 2030. Albertsons Companies, Inc. 8/11/2020 1,500.0 Debt Albertsons Companies Inc. announces the pricing of $750 million aggregate principal amount of new 3.25% senior notes due 2026 and $750 million aggregate principal amount of new 3.5% senior notes due 2029. Kering SA 7/28/2020 2,100.0 Debt Kering extends its credit facilities from its banking pool in an aggregate of €1.8 billion ($2.1 billion). Steven Madden Ltd 7/27/2020 150.0 Debt Steven Madden Ltd enters into a $150 million revolving credit agreement with various lenders and is scheduled to mature on July 22, 2025. Diebold Nixdorf 7/20/2020 1,100.0 Debt Diebold Nixdorf announces pricing of its previously announced offering of $700 million aggregate principal amount of 9.375% senior secured notes due 2025 and €350 million ($400 million) aggregate principal amount of 9% senior secured notes due 2025. Foot Locker, Inc. 7/14/2020 200.0 Debt Foot Locker Inc. amends its credit agreement to extend the maturity date of the revolving credit facility to July 14, 2025, and increase the aggregate amount of the revolving credit facility to $600 million from $400 million. Diebold Nixdorf 7/9/2020 700.0 Debt Diebold Nixdorf announces pricing of its previously announced offering of $700 million aggregate principal amount of 9.375% senior secured notes due 2025. Casey's General Stores 7/7/2020 650.0 Debt Casey's General Stores announces pricing of $650 million aggregate principal amount of senior notes: $325 million aggregate principal amount of 2.85% senior notes due August 7, 2030; and $325 million aggregate principal amount of 2.96% senior notes due August 6, 2032. Diebold Nixdorf 7/7/2020 690.0 Debt Diebold Nixdorf announced pricing of $690 million aggregate principal amount of senior secured notes due 2025. PVH Corp. 7/6/2020 500.0 Debt PVH Corp. announces offering of $500 million principal amount of senior notes due 2025. Simon Property Group 7/6/2020 2,000.0 Debt Simon Property announces offering of $500 million principal amount of its 3.500% senior notes due September 2025, $750 million principal amount of its 2.650% senior notes due June 2030, and $750 million principal amount of its 3.800% senior notes due June 2050. IBM (International Business Machines Corporation) 7/2/2020 2,500.0 Debt IBM entered into a new $2.5 billion 364-day credit agreement with the several banks and other financial institutions. B&M European Value Retail 7/1/2020 437.0 Debt B&M European Value Retail announces pricing of £350 million ($437.1 million) of senior secured notes due 2025. Lululemon Athletica 6/29/2020 300.0 Debt Lululemon enters into a 364-day credit agreement providing a $300 million unsecured revolving credit facility. HP 6/23/2020 868.0 Debt HP to redeem its remaining $472.3 million 3.750% global notes due December 1, 2020. The company also plans to redeem the nearly $395.2 million in 4.300% global notes due June 1, 2021. The redemption price will be 100% of the principal amount plus a make-whole premium and accrued and unpaid interest. Unibail-Rodamco-Westfield 6/22/2020 845.0 Debt Unibail-Rodamco-Westfield announces pricing of a €750 million ($845 million) senior bond offering due 2032. JD.com 6/17/2020 4,600.0 Equity JD.com raises HK$30.1 billion ($3.9 billion) in its Hong Kong initial public offering. Ocado Group 6/11/2020 830.0 Equity Ocado Group plc completes a follow-on equity offering in the amount of £657 million ($830 million). Macy's 6/8/2020 3,150.0 Debt Macy's enters into a new $3.15 billion asset-based credit agreement that will mature in May 2024 and a short-term facility of $300 million that will mature in December 2020. eBay Inc. 6/8/2020 750.0 Debt eBay Inc. announces pricing of $300 million of 1.9% notes due 2025 and $450 million of 2.7% notes due 2030. L Brands 6/4/2020 1,250.0 Debt L Brands announces a $750 million offering of senior secured notes due 2025 and $500 million offering of senior notes due 2025. Microsoft 6/1/2020 10,000.0 Debt Microsoft issues a $6,250 million aggregate principal amount of its 2.525% notes due 2050 and a $3,750 million aggregate principal amount of its 2.675% notes due 2060. HP 5/29/2020 1,000.0 Debt HP Inc enters into a 364-day revolving credit facility providing a senior, unsecured revolving credit facility with aggregate lending commitments of $1 billion. Canada Goose 5/29/2020 37.0 Debt Canada Goose enters into a Second Amended and Restated Credit Agreement with a revolving facility of C$50 million ($36.68 million). Macy's 5/27/2020 200.0 Debt Macy’s announces an increase in its offering of senior secured notes due 2025 to $1.3 billion from $1.1 billion. Macy's 5/26/2020 1,100.0 Debt Macy’s announces the offering of $1.1 billion aggregate principal amount of senior secured notes due 2025. Williams-Sonoma 5/15/2020 200.0 Debt Williams-Sonoma extends the maturity date for the $300 million unsecured term loan facility by one year and enters into a 364-day credit facility that allows the company to borrow up to $200 million additional unsecured revolving credit. Boohoo Group 5/15/2020 244.0 Equity Boohoo Group raises £197.7 million ($244 million) through a follow-on equity offering. Under Armour 5/12/2020 1,100.0 Debt Under Armour amends its revolving credit facility commitments available under the amended credit agreement from $1.25 billion to $1.1 billion. Gap 5/7/2020 2,250.0 Debt Gap announces closing of $2.25 billion of senior secured notes offering due April 2021. Gap 5/7/2020 1,870.0 Debt Gap enters into an asset-backed revolving credit facility with $1.87 billion in initial aggregate principal amount. Ross Stores 5/6/2020 500.0 Debt Ross Stores enters into a 364-day credit facility that allows it to borrow up to $500 million at any time on a revolving credit basis. Hanesbrands 4/30/2020 700.0 Debt Hanesbrands announces the offering of $700 million in 5.375% senior unsecured notes due 2025. L Brands 4/30/2020 1,000.0 Debt L Brands amends its credit facility to an asset-backed loan revolving credit facility at $1 billion due 2024. Loblaw Companies Limited 4/30/2020 350.0 Debt Loblaw Companies announces the pricing of $350 million of senior unsecured notes due May 2030. Coty 4/29/2020 350.0 Debt Coty amends its existing credit agreement to include a quarterly minimum liquidity covenant of $350 million due March 2021. Five Below 4/29/2020 225.0 Debt Five Below enters into a credit agreement for the senior secured asset-based revolving credit facility of up to $225 million due 2023; it has the option to increase the total commitment under the credit facility to $375 million, subject to certain conditions. Dufry AG 4/24/2020 155.0 Equity Dufry AG successfully completes the placement of 5 million new shares worth CHF151.3 million ($154.8 million). The new shares are expected to be listed and admitted to trading on SIX Swiss Exchange on April 27, 2020. PVH Corp. 4/24/2020 189.0 Debt PVH announces an offering of €175 million ($189 million) of unsecured senior notes due 2027. American Eagle Outfitters 4/22/2020 400.0 Debt American Eagle Outfitters announces plans to offer $400 million aggregate principal amount of convertible unsecured senior notes due 2025. Grocery Outlet 4/22/2020 510.0 Equity Grocery Outlet announces the pricing of an underwritten public offering of 15 million shares of the company’s common stock, including the selling stockholder affiliated with Hellman & Friedman, at an initial price to the public of $34.00 per share. PVH Corp. 4/21/2020 189.0 Debt PVH announces an additional offering of €175 million ($188.7 million) of senior unsecured notes due 2024. PVH Corp. 4/21/2020 377.0 Debt PVH announces an offering of €350 million ($377.4 million) of senior unsecured notes due 2024. VF Corporation 4/21/2020 3,000.0 Debt VF Corporation announces offering of $3 billion of senior unsecured notes. The offering consists of four tranches: $1 billion aggregate principal amount of 2.05% unsecured senior notes due 2022, $750 million aggregate principal amount of 2.4% unsecured senior notes due 2025, $500 million aggregate principal amount of 2.8% unsecured senior notes due 2027 and $750 million aggregate principal amount of 2.95% unsecured senior notes due 2030. The notes offering is expected to close on April 23, 2020, subject to customary closing conditions. Kohl's Corporation 4/17/2020 1,500.0 Debt Kohl's enters into a credit agreement with $1.5 billion worth of senior secured notes. Nordstrom 4/16/2020 600.0 Debt Nordstrom announces the amendment of $800 million revolving line of credit and the closing of its offering of $600 million of 8.75% senior secured notes. Adidas 4/14/2020 3,230.0 Debt Adidas receives approval for syndicated loans amounting to €3 billion ($3.23 billion) through German bank KfW at customary market conditions Levi Strauss & Co. 4/14/2020 500.0 Debt Levi Strauss announces pricing of $500 million in 5% senior unsecured notes due 2025. Levi Strauss & Co. 4/14/2020 300.0 Debt Levi Strauss announces private offering of $300 million in 5% senior unsecured notes due 2025. Burlington Stores 4/13/2020 300.0 Debt Burlington Stores announces private offering of $300 million in senior secured notes due 2025. NCR Corporation 4/13/2020 400.0 Debt NCR Corporation closes its offering of $400 million in 8.125% senior unsecured notes due 2025. ASOS 4/8/2020 304.0 Equity ASOS Plc raises £247 million ($304 million) via a share placing to help it strengthen its finances in the event of a prolonged coronavirus pandemic decline. The retailer placed 15.8 million new shares at a price of £15.60 ($19.5) per share, equivalent to 18.8% of its ordinary share capital prior to the placing. Estée Lauder 4/8/2020 700.0 Debt Estée Lauder announces the offering of $700 million of its 2.6% senior notes due 2030. H&M 4/8/2020 1,050.0 Debt H&M signs a new 12-month €980 million ($1.05 billion) revolving credit facility, with a six-month extension option in order to further strengthen its liquidity buffer and financial flexibility in response to the Covid-19 situation. This is in addition to the company’s undrawn €700 million ($762 million) revolving credit facility signed in 2017 and maturing in 2024. PVH Corp. 4/8/2020 275.0 Debt PVH enters into a credit agreeemnt with Barclays Bank consisting of $275 million in revolving credit. The revolving credit facility will mature on April 7, 2021. Ross Stores 4/7/2020 2,000.0 Debt Ross Stores agrees to issue $2 billion in unsecured senior notes comprising the following: $70 million aggregate principal amount of 4.6% senior notes due 2025, $40 million aggregate principal amount of 4.7% senior notes due 2027, $40 million aggregate principal amount of 4.8% senior notes due 2030, and $50 million aggregate principal amount of 5.45% senior notes due 2050 in an underwritten public offering. VF Corporation 4/7/2020 1,000.0 Debt VF Corporation announces that it will draw down the remaining $1 billion available under its current senior, unsecured revolving credit facility to support employees and advance its enterprise-protection strategy in response to Covid-19. Walgreens Boots Alliance 4/7/2020 500.0 Debt Walgreens Boots Alliance enters into revolving credit agreement with HSBC Bank, including a $500 million unsecured senior credit facility. Capri Holdings 4/6/2020 300.0 Debt Capri Holdings elects to draw down in full on the remaining approximately $300 million available under its revolving credit facility. Walgreens Boots Alliance 4/6/2020 3,100.0 Debt Walgreens announces that it has entered into a new $3.1 billion revolving credit agreement with JPMorgan Chase Bank. In addition, the company has, subject to the satisfaction of certain conditions, extended a $1 billion facility scheduled to mature in 2020 to May 2021. Dollar General 4/1/2020 1,500.0 Debt Dollar General announces the pricing of an offering of $1.5 billion senior notes comprising $1 billion of its 3.5% senior notes due 2030 and $500 million of its 4.125% senior notes due 2050. TJX Companies 4/1/2020 4,000.0 Debt TJX Companies announces the completion of the sale of $1.25 billion aggregate principal amount of 3.5% notes due 2025, $750 million aggregate principal amount of 3.75% notes due 2027, $1.25 billion aggregate principal amount of 3.875% notes due 2030 and $750 million aggregate principal amount of 4.5% notes due 2050. DICK'S Sporting Goods 3/31/2020 500.0 Debt Dick’s Sporting Goods, Dick’s Merchandising & Supply Chain and its other subsidiaries enter into an amendment to the senior secured revolving credit facility from $1.6 billion to $2.1 billion with Wells Fargo Bank and other lender parties, subject to existing or new lenders agreeing to provide additional revolving commitments. Ahold Delhaize 3/26/2020 542.0 Debt Koninklijke Ahold Delhaize prices seven-year €500 million ($542 million) fixed-rate bonds due in 2027. Kontoor Brands 3/26/2020 475.0 Debt Kontoor Brands draws down $475 million from its revolving credit facility to increase financial flexibility, strengthen its near-term cash position and provide additional funding for working capital. Kontoor Brands 3/26/2020 375.0 Debt Kontoor Brands and its subsidiary Lee Wrangler borrowed a principal amount of $375 million under its revolving credit facility Tapestry 3/26/2020 700.0 Debt Tapestry elects to draw down $700 million in the aggregate under the credit agreement funded on March 30, 2020 as a precautionary measure, in order to increase its cash position and preserve financial flexibility. Following the draw down, the company had remaining borrowing capacity of $200 million under the credit agreement. Lowe's 3/24/2020 4,000.0 Debt Lowe's agrees to sell $750 million of 4% notes due 2025, $1.25 billion of 4.5% notes due 2030, $750 million of 5% notes due 2040 and $1.25 billion of 5.125% notes due 2050. Lowe's 3/24/2020 1,020.0 Debt Lowe's enters into a $1.02 billion, five-year, unsecured revolving credit agreement with Bank of America, US Bank National Association, Citibank, Goldman Sachs Bank USA, JPMorgan Chase Bank and Wells Fargo Bank. Ulta Beauty 3/23/2020 800.0 Debt Ulta Beauty draws down $800 million under its revolving credit facility. Capri Holdings 3/20/2020 267.0 Debt Capri Holdings amends its revolving and term loan credit agreement by extending the maturity due of Tranche A-1 term loans from December 2020 to December 2023 for $267 million of the outstanding balance of $315 million. Diebold Nixdorf 3/20/2020 326.0 Debt Diebold Nixdorf and Diebold Self-Service Solutions announce plans to draw down the entire available amount $325.9 million under the revolving facility. Ross Stores 3/19/2020 800.0 Debt Ross Stores elects to draw down $800 million under its revolving credit facility. Tractor Supply Company 3/18/2020 200.0 Debt Tractor Supply Company enters into a term-loan agreement with Wells Fargo Bank and Regions Bank to increase its term-loan capacity under the senior credit facility by $200 million, which is in addition to the senior credit facility's existing term-loan and revolving credit facility, with the term expiring on March 16, 2022. L Brands 3/17/2020 950.0 Debt L Brands elects to draw down $950 million from its revolving credit facility due in May 2024. Simon Property Group 3/16/2020 6,000.0 Debt Simon Property Group announces the ammendment and extension of its existing $4 billion, senior, unsecured, multi-currency revolving credit facility, with a $6 billion, senior, unsecured credit facility. This comprises a $4 billion multi-currency revolving credit facility and a $2 billion delayed-draw-term loan facility. The revolving facility will mature on June 30, 2024, and the term facility will mature on June 30, 2022. The maturity date of each facility may be extended for a period of up to one year. Ulta Beauty 3/16/2020 0.0 Debt Ulta Beauty amends its secured credit facily with Wells Fargo Bank by extending the maturity of the facility to March 11, 2025; provides maximum revolving loans equal to the lesser of $1.0 billion or a percentage of eligible owned inventory and eligible owned receivables. Avery Dennison 3/11/2020 500.0 Debt Avery Dennison closes its previously announced sale of $500 million aggregate principal amount of 2.65% senior notes due 2030. eBay 3/11/2020 2,000.0 Debt eBay enters into a credit agreement with JPMorgan Chase Bank, Citibank, Deutsche Bank Securities, Bank of America, HSBC Bank USA, Wells Fargo Bank and BofA Securities for an unsecured $2 billion five-year revolving credit facility. VF Corporation 2/18/2020 1,090.0 Debt VF Corporation announces the sale of €500 million ($543 million) aggregate principal amount of 0.25% senior notes due 2028 and €500 million ($543 million) aggregate principal amount of 0.625% senior notes due 2032. VF Corporation 2/18/2020 650.0 Debt VF Corporation announces cash tender offers for any and all of its $300 million aggregate principal amount of outstanding 6% notes due 2033 and $350 million aggregate principal amount of outstanding 6.45% notes due 2037. Burlington Stores 2/10/2020 961.0 Debt Burlington Stores reprices its debt and plans to amend its $961 million senior secured term loan credit facility that matures in 2024 in order to reduce the LIBOR interest-rate margin from 2% to 1.75%. Kimberly-Clark 2/7/2020 500.0 Debt Kimberly-Clark issues $500 million aggregate principal amount of 2.88% notes due 2050. Albertsons 2/5/2020 2,350.0 Debt Albertsons Companies, along with its subsidiaries Safeway, New Albertsons and Albertsons's LLC, issues a $750 million in aggregate principal amount of new 3.5% senior notes due 2023, $600 million in aggregate principal amount of additional 4.63% senior notes due 2027 and $1 billion in aggregate principal amount of new 4.88% senior notes due 2030. Adobe 2/3/2020 3,150.0 Debt Adobe completes the previously announced offering of $500 million aggregate principal amount of 1.7% notes due 2023, $500 million aggregate principal amount of 1.9% notes due 2025, $850 million aggregate principal amount of 2.15% notes due 2027 and $1.3 billion aggregate principal amount of 2.3% notes due 2030. IBM 2/3/2020 2,900.0 Debt IBM notifies the Bank of New York Mellon that it will redeem its $500 million aggregate principal amount of 2.9% notes due 2021, $1.5 billion aggregate principal amount of 2.8% notes due 2021 and $900 million aggregate principal amount 2.25% notes due 2021. Grocery Outlet Holding 1/29/2020 528.0 Equity Grocery Outlet announces the pricing of an underwritten public offering of 16 million shares of the company’s common stock, including the selling stockholder affiliated with Hellman & Friedman, at an initial price to the public of $33.00 per share. Alimentation Couche-Tard 1/22/2020 1,500.0 Debt Alimentation Couche-Tard announces that it has priced a private offering of $750 million principal amount of 2.95% senior unsecured notes due 2030 and $750 million principal amount of 3.8% senior unsecured notes due 2050. Lowe's 1/9/2020 1,000.0 Debt Lowe’s Companies enters into a $1 billion unsecured 364-day term loan facility with Wells Fargo Bank. Layoff Announcements by Major Retail Companies Company Announcement Date Number of Layoffs Region Goodwill 4/14/2025 90 US Catalyst Brands 4/11/2025 9% Global Hudson’s Bay 4/1/2025 200 Canada Zomato 4/1/2025 600 India QVC Group 3/27/2025 900 US Morrisons 3/24/2025 365 Global Kroger 3/19/2025 - US Amazon 3/17/2025 14,000 Global HelloFresh 3/17/2025 273 US Puma 3/13/2025 500 Global Wayfair 3/7/2025 350 US Forever 21 3/3/2025 700 US ANS commerce 3/2/2025 100% India Grocery Outlet 2/26/2025 40 US Saks Global 2/26/2025 - Global eBay 2/26/2025 10% Isrel Quiz Clothing 2/19/2025 200 UK Catalyst Brands 2/21/2025 250 Global Walmart 2/4/2025 827 US Kohl's 1/29/2025 10% US Tesco 1/29/2025 400 UK Puma 1/24/2025 - Global Morrisons 1/23/2025 200 UK Sainsbury’s 1/23/2025 3,000 UK Amazon 1/17/2025 200 North America Chrono24 1/16/2025 110 Global Albertsons 1/15/2025 225 US Wayfair 1/10/2025 730 Germany REI 1/9/2025 428 US Epicery 12/31/2024 100% France OfferUp 12/11/2024 22% Global L.L.Bean 12/13/2024 50-75 US Carousell 12/6/2024 76 Global UNFI (United Natural Foods, Inc.) 12/4/2024 121 US VF Corporation 11/15/2024 242 US Walgreens Boots Alliance 10/31/2024 256 US Wayfair 10/31/2024 218 US Beyond 10/23/2024 20% Global Parkland 10/21/2024 100 US GoWild 10/10/2024 100% US BeepKart 10/8/2024 130 India Amazon 10/5/2024 14,000 US Orvis 10/4/2024 112 Global Dyson 10/1/2024 - Singapore Patagonia 10/1/2024 41 US Bayer 10/1/2024 57 US Johnson & Johnson 10/1/2024 231 US CVS Health 10/1/2024 2,900 US Reverb 9/20/2024 40 Global Amazon 9/16/2024 321 US Goop 9/6/2024 18% US DFS Group 8/27/2024 80 Macau Purple 8/26/2024 - US Yankee Candle 8/26/2024 100 US Sephora 8/21/2024 400 China Kaiyo 8/21/2024 100% US Mister Spex 8/15/2024 0 Germany Reliance Industries 8/11/2024 25,200 India REI 8/5/2024 7 US Frasers Group 7/26/2024 45 UK Saks Fifth Avenue 7/25/2024 - Global SpartanNash 7/23/2024 141 US Mercari U.S. 7/17/2024 50% US Rodan and Fields 7/17/2024 100 US Express 7/8/2024 75 US Burberry 7/7/2024 - UK THG 7/6/2024 171 UK eBay 6/26/2024 N/A Israel Tupperware 6/18/2024 148 US Ladenzeile 6/11/2024 1 Germany Dollar Tree 5/28/2024 N/A US Under Armour 5/16/2024 N/A Global Walmart 5/14/2024 N/A US HelloFresh 5/10/2024 727 US Selfridges 5/9/2024 70 UK Carpetright 5/7/2024 25% UK Heureka Group 4/28/2024 100 Czech Republic Lululemon 4/22/2024 128 US Nike 4/22/2024 740 US The Good Glamm Group 4/18/2024 150 India Trendsalees 4/8/2024 N/A Denmark Lightspeed Commerce 4/3/2024 280 Global Boardriders 4/2/2024 600 US Lands’ End 3/29/2024 10% US Family Dollar 3/28/2024 N/A US GameStop 3/27/2024 N/A Global Canada Goose 3/26/2024 17% Global Frasers Group 3/18/2024 50 UK Outdoor Voices 3/16/2024 N/A Global Alshaya Group 3/8/2024 2000 Global The Container Store 2/29/2024 100 Global Sainsbury’s 2/29/2024 1500 UK Daraz 2/26/2024 - Global Meati 2/20/2024 13% US Tails.com 2/20/2024 55 UK HanesBrands 2/20/2024 160 US Nike 2/19/2024 1,600 Global Farfetch 2/16/2024 N/A Global Rite Aid 2/16/2024 241 US Away 2/14/2024 25% US Instacart 2/13/2024 250 US Licious 2/9/2024 80 India Blissclub 2/9/2024 30 India The Estée Lauder Companies 2/5/2024 3000 Global Walgreens 2/2/2024 145 US Thinx 1/31/2024 95 US United Parcel Service 1/30/2024 12000 Global H&M 1/27/2024 588 Spain REI 1/26/2024 357 US Levi's 1/26/2024 15% Global Lowe's 1/26/2024 N/A US Fruit of the Loom 1/25/2024 119 US Veho 1/25/2024 19% US Swiggy 1/25/2024 400 India Rona 1/24/2024 300 Canada eBay 1/24/2024 9% Global Boohoo Group 1/23/2024 400 UK Wayfair 1/19/2024 1650 Global Macy's 1/18/2024 2350 Global Mastermind Toys 1/17/2024 N/A Canada Boohoo Group 1/13/2024 100 UK Renewcell 1/12/2024 30 Sweden Rent the Runway 1/9/2024 37 US Body Shop 1/4/2024 200 Canada Wolverine World 1/4/2024 150 US Trigo 1/4/2024 15% Israel Best Buy 1/1/2024 N/A US Nike 12/25/2023 N/A US Kaspien 12/19/2023 100% of workforce US Udaan 12/18/2023 100–150 India Delivery Hero 12/18/2023 N/A Germany eBay 12/17/2023 25 Israel Etsy 12/13/2023 225 US Hasbro 12/11/2023 1100 US Zulily 12/11/2023 800 US VF Corp 11/30/2023 500 US Saks 11/29/2023 90 US Alerzo 11/21/2023 100 Nigeria Continental 11/20/2023 N/A Germany Amazon 11/17/2023 N/A US Chewy Faces 11/14/2023 200 US SleepNumber 11/13/2023 500 US Amazon 11/11/2023 180 US Walgreens 11/10/2023 267 US Amazon 11/8/2023 N/A US BigCommerce 11/8/2023 0.07 US ManoMano 10/18/2023 230 France REI Co-op 10/13/2023 275 US Stitch Fix 10/9/2023 558 US Target 10/2/2023 158 US Lululemon Athletica 9/29/2023 120 US Meati Foods 9/25/2023 10% of workforce US Dunzo 9/22/2023 150–200 India Foodpanda 9/22/2023 N/A Singapore Hooray foods 9/18/2023 100% of workforce US Joann 9/14/2023 N/A US Torrid 9/7/2023 5% US Hodinkee 9/5/2023 20% of workforce US Matches 8/30/2023 N/A UK Omuni 8/30/2023 35% of workforce India Mitchell Gold + Bob Williams 8/29/2023 533 US Getir 8/22/2023 10% of its global team Global Dick’s Sporting Goods 8/21/2023 250 US Express 8/18/2023 150 US Away 8/14/2023 22 US Neiman Marcus 8/14/2023 Less than 1% US Shtterfly 8/12/2023 246 US Amyris 8/11/2023 260 US Bukalapak 8/11/2023 Less than 5% Indonesia Meesho 8/8/2023 250 India Pentland 8/4/2023 90 UK Funko 8/3/2023 180 US FedEx 8/3/2023 220 US CVS Health Corporation 8/2/2023 5000 US Wish 8/2/2023 255 US Amazon 7/14/2023 80 US Stitch Fix 7/12/2023 393 US Smashbox Beauty Cosmetics 6/30/2023 37 US Too Faced Cosmetics 6/30/2023 22 US Children’s Place 6/29/2023 181 US Ted Baker 6/29/2023 200 UK Under Armour 6/23/2023 50 US Zulily 6/16/2023 N/A US Mamaearth 6/14/2023 100 India United Natural Foods, Inc. 6/13/2023 150 US Grubhub 6/12/2023 400 US Meati Foods 6/3/2023 5% of workforce US Frasers Group 6/2/2023 200 UK Mensa Brands 5/30/2023 30 India Walgreens Boots Alliance 5/26/2023 504 US Reliance JioMart 5/23/2023 1,000 India The Container Store 5/16/2023 15% of support center and 3% of store and distribution center operations workforce US Allbirds, Inc. 5/10/2023 21 Global Dollar Tree, Inc. 5/10/2023 90 US Meesho 5/5/2023 251 India Internet Fusion Group 5/1/2023 Over 100 UK New Look 4/26/2023 4 UK Gap Inc. 4/25/2023 1,800 Global Gap Inc. 4/25/2023 500 Global Flink 4/24/2023 8,000 Global Lyft Inc. 4/21/2023 1,200 US Farmison & Co 4/15/2023 75 UK David’s Bridal 4/14/2023 9,236 US MilkRun 4/11/2023 100% of workforce Global Avocargo 4/6/2023 16 Global Dunzo 4/6/2023 30% of workforce India Marks & Spencer Group plc 4/2/2023 N/A UK Wolverine World Wide 3/29/2023 N/A UK Disney 3/29/2023 7,000 US J. Crew Group 3/28/2023 Less than 3% of workforce US Blue Nile 3/28/2023 119 US Kettle Interiors 3/27/2023 126 UK Bed Bath & Beyond Inc. 3/27/2023 1,300 US Walmart 3/24/2023 200 US Just Eat 3/21/2023 1,700 UK New Look 3/20/2023 70 UK Amazon 3/20/2023 9,000 Global Livspace 3/17/2023 100 Global Runtastic 3/16/2023 70 Austria Dukaan 3/16/2023 80 India Boxed.com 3/15/2023 32 US Fetch 3/14/2023 100 US Shopee 3/9/2023 200 Indonesia Gopuff 3/9/2023 2% of workforce Global Zulily 3/7/2023 N/A US Nordstrom 3/3/2023 2,500 Canada Hotel Chocolat 3/2/2023 N/A UK Wahl Clippers 3/1/2023 40 US QVC 3/1/2023 400 US The Iconic 2/24/2023 69 Australia Poshmark 2/24/2023 2% of workforce Global Zalando 2/22/2023 N/A Europe Bolt 2/21/2023 17 Nigeria The RealReal 2/17/2023 230 US Lidl 2/17/2023 200 US Wilko 2/16/2023 400 UK New Look 2/16/2023 500 UK Neiman Marcus 2/14/2023 5% of workforce US Misfits Market 2/13/2023 121 US Deliveroo 2/9/2023 350 Global Bark 2/9/2023 126 Global Misfits Market 2/9/2023 446 US Disney 2/9/2023 7,000 Global eBay 2/8/2023 500 Global Daraz 2/6/2023 11% of workforce Global Ruggable 2/2/2023 100 Global Pep&Co 2/2/2023 30 UK REI 2/2/2023 167 US Delivery Hero 2/2/2023 156 US Kohl’s 2/1/2023 60 US Wish (ContextLogic Inc) 1/31/2023 150 Global Tesco 1/31/2023 1,750 UK Groupon 1/30/2023 500 Global Chrono24 1/30/2023 13% of workforce China, Germany, US Glovo 1/30/2023 250 Spain Nate 1/27/2023 N/A Global DealShare 1/27/2023 100 India SSense 1/27/2023 138 Canada Asda 1/26/2023 300 UK Shutterfly 1/25/2023 360 US Best Buy 1/25/2023 700 US 3M 1/24/2023 2,500 Global Hudson's Bay 1/24/2023 250 Canada Morrisons 1/24/2023 160 UK Newell Brands 1/23/2023 13% of workforce Global Saks.com 1/22/2023 100 US Wayfair 1/20/2023 1,750 Global Boohoo 1/19/2023 50 UK Save A Lot 1/19/2023 N/A US Swiggy 1/19/2023 8–10% of workforce India Redbubble 1/18/2023 14% of workforce Australia THG 1/17/2023 2000 UK Lightspeed 1/17/2023 300 Global Dunzo 1/16/2023 3% of workforce India Boohoo 1/13/2023 100 UK GoBOLT 1/11/2023 55 Canada Specialized 1/11/2023 8% of workforce, 120 in US Global Bed Bath & Beyond 1/11/2023 N/A US Moglix 1/5/2023 40 India Everlane 1/5/2023 30 US UpScalio 1/5/2023 25 India Stitch Fix 1/5/2023 20% of workforce Global Amazon 1/5/2023 18,000 Global BigCommerce 12/15/2022 13.00% US JD.ID 12/14/2022 200 Indonesia PharmEasy 12/13/2022 N/A India Blue Apron 12/9/2022 10% of its corporate staff US Primer 12/9/2022 85 UK PepsiCo 12/6/2022 N/A North America GameStop 12/6/2022 N/A US DoorDash 12/1/2022 1250 US H&M 11/30/2022 1500 Global Lyst 11/29/2022 25% of its employees UK United Furniture Industries 11/28/2022 2700 US GoodGood 11/23/2022 1 Toronto Sirclo 11/23/2022 8% of its staff Indonesia Trax 11/22/2022 8% of its workforce Global Zomato 11/19/2022 4% of its total workforce India Sea Ltd 11/14/2022 N/A Singapore Made.com 11/9/2022 400 UK Party City 11/8/2022 19% of corporate workforce Global Udaan 11/4/2022 350 India StockX 11/3/2022 80 US Meituan 10/31/2022 N/A China Asos 10/31/2022 100 UK Philips 10/24/2022 4000 Global Fabric.com 10/21/2022 N/A US Foot Locker 10/19/2022 210 US HelloFresh 10/15/2022 600 US IKEA 10/14/2022 10000 Russia Walmart 10/10/2022 1458 US Amazon Scout 10/7/2022 N/A US Tesco 10/6/2022 325 UK Peloton 10/6/2022 600 US Peloton 10/6/2022 500 US Instacart 9/24/2022 NA US Made.com 9/22/2022 35% of its staff UK Nordstrom 9/21/2022 231 US Gap, Inc. 9/20/2022 500 US and Asia Sea Ltd 9/19/2022 3% of Shopee staff in Indonesia Indonesia Amazon 9/15/2022 400 US Rent the Runway 9/12/2022 24% of corporate workforce US Sea Ltd 9/10/2022 NA Latin America Care Medical 9/8/2022 236 US Amazon Care 9/8/2022 159 US Pomelo Fashion Pte 9/8/2022 8% of staff Thailand ByteDance 9/6/2022 N/A China Foodpanda 9/5/2022 N/A Southeast Asia Shopify 9/1/2022 70 Canada Amazon 9/1/2022 353 US Bed Bath & Beyond 8/31/2022 20% of its corporate and supply chain staff US PVH 8/31/2022 10% of its global workforce Global Nate 8/31/2022 30 US Meesho 8/29/2022 300 India ShipBob 8/25/2022 7% of its group of workers US Loja Integrada 8/25/2022 25 Brazil FreshDirect 8/25/2022 40 US Packable 8/23/2022 138 US Kogan 8/23/2022 N/A Australia Wayfair 8/16/2022 870 Global ThredUp 8/16/2022 15% of its corporate workforce US Best Buy 8/12/2022 N/A US Peloton 8/12/2022 784 US Warby Parker 8/11/2022 63 US Marketforce 8/11/2022 54 Kenya Groupon 8/9/2022 500 US MadeiraMadeira 8/9/2022 3% of its total workforce Brazil Alibaba 8/6/2022 9241 China Article 8/5/2022 216 Canada iRobot 8/5/2022 140 US MEJURI 8/5/2022 50 Canada Walmart 8/4/2022 200 US StubHub 8/4/2022 N/A US Allbirds 8/3/2022 8% of workforce US Love Brownies 7/27/2022 70 UK Shopify 7/26/2022 1000 Global Boosted Commerce 7/26/2022 5% of its staff US 7-Eleven 7/21/2022 880 US Lunchbox 7/21/2022 33% of its staff US Just Eat 7/20/2022 390 Netherlands United Furniture 7/19/2022 270 US SellerX 7/19/2022 28 Germany Heroes 7/15/2022 24 UK Project44 7/15/2022 5% of its global workforce Global ChowNow 7/14/2022 100 US Tonal 7/14/2022 35% of its workforce US ChowNow 7/14/2022 100 US Tonic Fitness Technology 7/13/2022 570 Taiwan Fabric 7/13/2022 40% of its staff US Gopuff 7/12/2022 10% of its global workforce Global Victoria’s Secret 7/12/2022 160 US Shopify 7/6/2022 50 Canada Nate 6/30/2022 30 US Enjoy Technology 6/30/2022 400 UK & US StockX 6/30/2022 8% of its workforce US Ace Hardware 6/30/2022 44 US Udaan 6/27/2022 180 India Feather 6/24/2022 25 US Ritual 6/22/2022 23 Canada Voly 6/22/2022 NA Australia Bonsai 6/20/2022 30 Canada Trax 6/20/2022 12% of its workforce Israel and Singapore CityMall 6/19/2022 191 India Docon Technologies 6/16/2022 40 India Jokr 6/15/2022 50 Global Swappie 6/15/2022 250 Finland Shopee 6/14/2022 N/A Global Stitch Fix 6/9/2022 15% of its salaried staff US The Grommet 6/9/2022 44 US Yaari 5/31/2022 60% of its workforce India VTEX 5/26/2022 200 Brazil Getir 5/26/2022 14% of its global staff Turkey Gorillas 5/24/2022 300 Global Zulily 5/16/2022 10% of corporate workforce US Alibaba 5/14/2022 40% of employees Russia Hy-vee 5/6/2022 57 US Reef 5/6/2022 750 US Ideoclick 5/6/2022 40 US Ideoclick 5/4/2022 40 US Thrasio 5/2/2022 NA US Hy-vee 4/27/2022 500 US Robinhood 4/26/2022 9% of its full-time employees US Clyde 4/25/2022 19 US Facliy 4/20/2022 30% of the employees Brazil Food52 4/5/2022 20 US Workrise 4/5/2022 NA US Sofa Workshop 3/31/2022 77 UK Sony 3/31/2022 90 US Gopuff 3/31/2022 450 US Grove 3/29/2022 NA US Furlenco 3/26/2022 180–200 India Hy-Vee 3/24/2022 121 US Walmart 3/24/2022 187 US JD.com 3/22/2022 400 China Curology Inc. 3/16/2022 150 US Zulily 3/15/2022 504 US Tencent 3/15/2022 3800 China Alibaba 3/14/2022 20% of group buying unit MMC China JC Rook & Sons 3/14/2022 155 UK Peloton 2/8/2022 2800 US Glossier 1/27/2022 80 US Reebok 1/26/2022 150 US Garbarino 11/18/2021 1800 US Nice Tuan 8/24/2021 N/A China JTF Mega Discount Warehouse 7/21/2021 500 UK John Lewis 7/14/2021 1,000 UK Mercury Fuel 7/9/2021 112 US General Mills 7/1/2021 1,200 Global Amanda Wakeley 5/14/2021 N/A UK JCPenney 5/6/2021 650 US Asda 4/14/2021 1,200 UK H&M 4/6/2021 349 Spain John Lewis 3/24/2021 1,500 UK Novartis Pharmaceuticals 3/24/2021 204 US NIKE 3/19/2021 N/A US Amway 3/18/2021 900 Global Nokia 3/18/2021 1,500 India Nokia 3/16/2021 10,000 Global Thorntons 3/16/2021 600 UK Asda 2/26/2021 5,000 UK Best Buy 2/26/2021 5,000 US Best Buy 2/10/2021 N/A US Heineken 2/10/2021 8,000 Global Hudson's Bay Company 2/2/2021 600 Canada Jenners store 1/25/2021 200 UK Instacart 1/22/2021 1,877 US Marks & Spencer 1/15/2021 233 UK Debenhams 1/13/2021 320 UK Edinburgh Woollen Mill Group 1/13/2021 485 UK Arcadia 1/10/2021 700 UK Fiesta Tableware Co 12/29/2020 81 US Jaeger 12/18/2020 103 UK Coca-Cola 12/17/2020 2,200 Global Arcadia 12/7/2020 13,500 UK New Balance 12/4/2020 63 US Walmart 12/2/2020 1,241 US H&M 11/24/2020 60 India Danone 11/23/2020 2,000 Global Cardinal Health 11/22/2020 350 US Amazon 11/20/2020 N/A US Macy's 11/17/2020 83 US WH Smith 11/12/2020 200 UK Printemps 11/10/2020 428 France Edinburgh Woollen Mill Group 11/6/2020 866 UK J. Sainsbury 11/5/2020 3,000 UK John Lewis 11/4/2020 1,500 UK NIKE 11/2/2020 700 US Lord & Taylor 10/2/2020 150 US Neiman Marcus 9/24/2020 N/A US Asda 9/22/2020 50 UK Brookfield Properties 9/22/2020 20% of retail division US Ralph Lauren 9/22/2020 3,600 Global Kohl’s 9/16/2020 15% of corporate workforce US Mall of America 9/8/2020 221 US Bed Bath & Beyond 8/25/2020 2,800 US Estée Lauder 8/20/2020 2,000 Global Marks & Spencer 8/18/2020 7,000 UK Debenhams 8/12/2020 2,500 UK Glossier 8/10/2020 200 US M&Co 8/5/2020 380 UK WH Smith 8/5/2020 1,500 UK Dixons Carphone 8/4/2020 800 UK Walmart 7/31/2020 N/A US L Brands 7/29/2020 850 US Selfridges 7/28/2020 450 UK Oak Furnitureland 7/27/2020 163 UK Sonos 7/26/2020 174 Global David Yurman 7/22/2020 98 US Tailored Brands 7/22/2020 20% of corporate workforce US Galeria Karstadt Kaufhof 7/21/2020 6,000 Germany Nordstrom 7/21/2020 521 US G-Star Raw 7/20/2020 200 Global Harvey Nichols 7/20/2020 N/A UK Marks & Spencer 7/20/2020 950 UK Stella McCartney 7/20/2020 N/A US Ted Baker 7/19/2020 500 UK Burberry 7/15/2020 500 Global JCPenney 7/15/2020 1,000 US PVH Corporation 7/15/2020 450 North America DFS Furniture 7/14/2020 N/A UK Recreational Equipment 7/13/2020 400 US Peter Jones (China) 7/10/2020 67 UK Herschel Supply 7/9/2020 79 Canada Walgreens Boots Alliance 7/9/2020 4,000 UK Zilingo 7/8/2020 46 Thailand, India and Vietnam Levi’s 7/7/2020 700 US Arcadia 7/1/2020 500 UK Esprit 7/1/2020 1,200 Germany Harrods 7/1/2020 680 UK John Lewis 7/1/2020 N/A UK TM Lewin 7/1/2020 600 UK Kendo 6/29/2020 50 US Sur La Table 6/29/2020 27 US The Sill 6/26/2020 20 US Macy's 6/25/2020 3,900 US Bed Bath & Beyond 6/22/2020 148 US Nokia 6/22/2020 1,233 France Bed Bath & Beyond 6/16/2020 221 US Monsoon Accessorize 6/10/2020 545 UK Quiz 6/10/2020 93 UK Mulberry 6/8/2020 375 Global Funko 6/5/2020 250 Global La-Z-Boy 6/4/2020 850 US Belk 6/2/2020 N/A US Reitmans 6/1/2020 1,400 Canada Stitch Fix 6/1/2020 1,400 US Debenhams 5/29/2020 1,400 UK Caliva 5/27/2020 20 US Canada Goose Holdings 5/21/2020 125 N/A Clarks 5/21/2020 900 UK Antler 5/19/2020 164 UK Office Depot 5/15/2020 13,100 N/A Rag & Bone 5/15/2020 N/A Global Aldo Group 5/8/2020 270 Canada Rockets of Awesome 5/3/2020 N/A US Gap 5/1/2020 10% of corporate workforce N/A Oasis and Warehouse 4/30/2020 200 UK StockX 4/24/2020 100 US Casper Sleep 4/22/2020 78 US and Europe Cath Kidston 4/21/2020 908 UK The RealReal 4/15/2020 235 US Groupon 4/13/2020 2,800 Global Mejuri 4/9/2020 36 US and Canada Away 4/8/2020 60 US GNC Holdings 4/7/2020 N/A N/A Le Tote 4/7/2020 N/A US 1stdibs 4/4/2020 70 US ThirdLove 4/3/2020 10 US Everlane 4/1/2020 42 US Sephora 4/1/2020 117 US Iris Nova 3/31/2020 N/A US Rent the Runway 3/28/2020 N/A US BrightHouse 3/27/2020 2,400 UK Oh My Green 3/27/2020 115 US b8ta 3/26/2020 N/A US Universal Standard 3/26/2020 N/A US Eight Sleep 3/23/2020 10 US Laura Ashley 3/23/2020 721 UK Leafly 3/23/2020 91 US Donghia 3/20/2020 N/A US Tuft & Needle 3/19/2020 N/A US Hy-Vee 3/11/2020 300 US Pandora 3/5/2020 180 US Minted 3/4/2020 147 US Layoff Announcements by Major Tech Companies Company Announcement Date Number of Layoffs Region Five9 4/14/2025 4% Global Google 4/11/2025 - Global Tract 4/3/2025 100% UK Automattic 4/2/2025 280 Global Canva 4/2/2025 10 Australia WhyHive 3/31/2025 100% Australia 2U 3/31/2025 200 Global Palantir Technologies Inc. 3/28/2025 60% Global Block 3/25/2025 931 Global Niantic 3/25/2025 68 US Prefect 3/25/2025 20 US IBM 3/25/2025 9,000 US Brightcove 3/19/2025 198 US Acxiom 3/19/2025 3.5% Global Armis 3/17/2025 45 Global ActiveFence 3/13/2025 22 Isrel D-ID 3/10/2025 22 Isrel Arrival 3/9/2025 100% UK Zonar Systems 3/9/2025 - Global TikTok 3/6/2025 300 Ireland LiveRamp 3/5/2025 65 Global Ola Electric 3/3/2025 >1,000 India Rec Room 3/3/2025 16% Global HP Inc. 2/27/2025 2,000 Global Autodesk 2/27/2025 1,350 Global Google 2/27/2025 - Global Commercetools 2/26/2025 10% Global Flywire 2/25/2025 10% Global Expedia Group 2/25/2025 - US Skybox Security 2/24/2025 300 Global Ibotta 2/22/2025 8% Global Zendesk 2/21/2025 5% US SeatGeek 2/20/2025 15% Global Vendease 2/20/2025 120 Nigeria Riskified 2/19/2025 - Global Logically 2/17/2025 - Global Sophos 2/13/2025 6% Global Zepz 2/12/2025 20% Global Unity 2/11/2025 - Global Meta 2/11/2025 3,600 Global Justworks 2/10/2025 200 Global Bird 2/10/2025 120 Global Sprinklr 2/6/2025 500 US Infosys 2/7/2025 400 India Workday 2/5/2025 1,750 Global Tabnine 2/5/2025 15 Global Hugging Face 2/5/2025 15 US Okta 2/4/2025 180 US AppsFlyer 2/4/2025 100 Global Tripadvisor 2/4/2025 150 Global Salesforce 2/4/2025 1,000 Global Cushion 1/30/2025 100% US Amazon 1/30/2025 - Global Digital River 1/29/2025 122 US Moon Active 1/27/2025 - Global Stripe 1/26/2025 300 Global Pocket FM 1/15/2025 75 India Aurora Solar 1/15/2025 58 US ShareChat 1/15/2025 5% India Textio 1/15/2025 15 US Meta 1/14/2025 5% Global Alza 1/14/2025 100% US Amazon 1/13/2025 432 US Icon Technologies 1/9/2025 114 Global Altruist 1/8/2025 10% Global Cloud Software Group 1/7/2025 - Global Microsoft 1/7/2025 <1% Global Boston Dynamics 1/7/2025 45 Global SolarEdge 1/5/2025 - Global Lilium 12/23/2024 1,000 Global BionicHIVE 12/22/2024 100% Israel Thrive 12/14/2024 100% India Yahoo 12/12/2024 25% Global Bluevine 12/12/2024 100 Global Calendly's 12/12/2024 70 Global Canoo 12/11/2024 20 US Mixtroz 12/6/2024 100% Global Stash 12/5/2024 88 Global Booking Holdings 12/4/2024 60 Global 2U 12/4/2024 - Global Lightspeed Commerce 12/2/2024 200 Global Klub 11/29/2024 60 India Ola Electric 11/22/2024 500 India Linkedin 11/21/2024 202 Global Own 11/19/2024 - Global Truelayer 11/15/2024 25% Global Kuku FM 11/12/2024 100 India AMD 11/12/2024 1000 Global AppLovin 11/12/2024 120 US Chegg 11/12/2024 319 Global Forward 11/12/2024 200 US New Relic 11/12/2024 - Global 23andMe 11/12/2024 40% Global Enphase Energy 11/11/2024 500 US Monarch Tractor 11/8/2024 10% Global Booking.com 11/8/2024 - Global Exosonic 11/8/2024 100% US BigCommerce 11/8/2024 - Global Freshworks 11/7/2024 660 Global Just Eat 11/7/2024 300 Global Akamai Technologies 11/7/2024 2.5% Global ShareFile 11/7/2024 199 US Personio 11/7/2024 115 Germany iRobot 11/6/2024 105 Global Outreach 11/6/2024 9% Global Avaya 11/6/2024 - Global The Mozilla Foundation 11/5/2024 30% Global Incredibuild 11/4/2024 18 Israel Bowery Farming 11/4/2024 100% Global Atera 11/3/2024 6% US Maven Clinic 11/1/2024 60 Global Dropbox 10/30/2024 528 Global Kraken 10/30/2024 15% Global ConsenSys 10/29/2024 163 Global Kyte 10/25/2024 40% US Upwork 10/23/2024 21% Global Venminder 10/21/2024 100 US Jellysmack 10/21/2024 22 US CapWay 10/17/2024 100% US Meta 10/16/2024 - Global Gigamon 10/15/2024 69 US Fable 10/15/2024 100% Global Toplyne 10/11/2024 100% India Bytedance 10/11/2024 - Malaysia Grabango 10/9/2024 100% US Kaspersky 10/8/2024 - UK Zapp 10/8/2024 90% UK PubMatic 10/7/2024 1% US XR Games 10/5/2024 72 UK Xylem Services USA LLC 10/4/2024 84 US Samsung Electronics 10/4/2024 10% Global Activision Blizzard 9/27/2024 400 US Drata 9/26/2024 40 Global Blink Charging 9/25/2024 14% Global Asurion 9/24/2024 <200 Global Northvolt 9/24/2024 1600 Global F5 9/24/2024 0.25% Global Olo 9/22/2024 9% Global Healthy.io 9/22/2024 40 Global Notable Labs 9/20/2024 65% Global Qualcomm 9/19/2024 226 US CarTrawler 9/19/2024 40 Global ApplyBoard 9/19/2024 4% Global Aakash 9/18/2024 - India IBM 9/18/2024 - Global Cisco 9/17/2024 - Global Runtastic 9/16/2024 170 Austria Microsoft 9/12/2024 650 Global Amperity 9/12/2024 13% Global InsurStaq.ai 9/9/2024 100% India WeTransfer 9/8/2024 75% Global Motif Foodworks 9/6/2024 100% US ChargePoint 9/4/2024 250 Global Lyft 9/4/2024 1% US Matter Labs 9/3/2024 16% Global Dozee 9/2/2024 40 India Dunzo 8/31/2024 150 India Character.AI 8/29/2024 5% US Brave 8/28/2024 27 US Apple 8/28/2024 100 US IBM 8/27/2024 <1,000 China Cisco 8/26/2024 53 US Five9 8/20/2024 7% Global GoPro 8/19/2024 139 Global Localize 8/19/2024 - US Regrow Ag 8/16/2024 19% Global Intuitive 8/15/2024 20% Israel Formlabs 8/15/2024 <40 Global PacketFabric 8/15/2024 - US Sonos 8/14/2024 100 Global Grail 8/13/2024 350 Global DayTwo 8/13/2024 100% Israel Tally 8/12/2024 100% US Cisco 8/9/2024 4,000 US Branch.io 8/9/2024 - US READY Robotics 8/9/2024 100% US Fastly 8/8/2024 11% Global Eventbrite 8/7/2024 100 Global Dell Technologies 8/7/2024 12,500 Global LegalZoom 8/7/2024 15% Global Teradata 8/6/2024 13% Global Infineon 8/5/2024 1,400 Global Jam City 8/5/2024 85 US Dell 8/5/2024 - US ShareChat 8/3/2024 5.00% India Intel 8/1/2024 15,000 Global Bungie 7/31/2024 220 Global Match Group 7/31/2024 6% Global NerdWallet 7/30/2024 15% Global Moxion Power 7/29/2024 100% US OrCam 7/28/2024 - Israel Pocket FM 7/27/2024 200 India WayCool 7/26/2024 200 India Webflow 7/25/2024 8% US Humble Games 7/23/2024 100% US Cohere 7/23/2024 20 Canada bluelearn 7/22/2024 1 India Magic Leap 7/19/2024 75 US Aqua Security 7/17/2024 50 Global EverC 7/17/2024 16 Israel Lex 7/17/2024 - US Kaspersky 7/16/2024 - US ON 7/16/2024 60 US SolarEdge 7/15/2024 400 Global Salesforce 7/15/2024 300 US Intuit 7/10/2024 1,800 Global CyberProof 7/10/2024 7.5% Global UIPath 7/9/2024 420 Global UKG 7/8/2024 2,200 US Upside Foods 7/3/2024 26 US Microsoft 7/3/2024 - Global Sightful 7/3/2024 20 Israel Unacademy 7/2/2024 250 India Koo 7/2/2024 100% India Lightricks 7/1/2024 70 Global Cint Group 7/1/2024 10% Sweden Planet 6/26/2024 180 US Moxion Power 6/26/2024 101 Global Perion 6/25/2024 20 Global BeReal 6/25/2024 - Global Flutterwave 6/24/2024 30 Global Trade Republic 6/23/2024 - Germany Ginkgo Bioworks 6/20/2024 158 US Bluevine 6/20/2024 12% Israel ReshaMandi 6/20/2024 80% India Moovit 6/19/2024 10% Israel Wex 6/19/2024 375 Global PayPal 6/18/2024 85 Ireland Rapyd 6/18/2024 30 Israel C2FO 6/18/2024 - US Fisker 6/18/2024 100% US Satellogic 6/18/2024 70 US Chegg 6/17/2024 441 Global Stackpath 6/17/2024 100% US Unit 6/17/2024 15% Global Care/of 6/15/2024 100% Global Running Tide 6/15/2024 100% US Cypress.io 6/14/2024 11 US Medtronic 6/13/2024 - Global ByteDance 6/12/2024 450 Indonesia Paxos 6/12/2024 65 Global VRChat 6/12/2024 30% Global Paytm 6/10/2024 - India Kissflow 6/10/2024 45 India Copia 6/6/2024 1060 Global Revel 6/6/2024 1000 US Simpl 6/6/2024 30 India Oda 6/5/2024 150 Global Pagaya 6/5/2024 20% Global Aleph Farms 6/5/2024 30% Israel MoonPay 6/5/2024 10% Global Yext 6/5/2024 12% Global OrCam 6/3/2024 100 Global Microsoft 6/3/2024 N/A Global Google 6/3/2024 N/A Global Tropic 5/31/2024 40 US Gro Intelligence 5/31/2024 100% US Jasper Health 5/31/2024 N/A US Cirium 5/31/2024 37 US Walnut 5/29/2024 15 Global Fisker 5/29/2024 N/A Global Funding Circle 5/29/2024 120 UK Lucid Motors 5/24/2024 400 US Foursquare 5/23/2024 105 Global Guild 5/22/2024 300 US Cue Health 5/22/2024 100% Global Silo 5/22/2024 30% US Joonko 5/19/2024 100% Israel Toshiba 5/16/2024 4000 Japan Wefox 5/16/2024 60 Germany Replit 5/16/2024 30 Global Gopuff 5/16/2024 6% US Atmosphere 5/15/2024 N/A US Singularity 6 5/15/2024 36 US Mainvest 5/14/2024 100% US Indeed 5/13/2024 1000 Global Motional 5/10/2024 550 US Rivian 5/10/2024 120 US Google 5/10/2024 57 US Vacasa 5/9/2024 800 Global PrepLadder 5/8/2024 145 India Simpl 5/8/2024 160 India Arkane Studios 5/8/2024 96 US Brilliant 5/8/2024 100% US Hopin 5/7/2024 40% Global Tesla 5/6/2024 N/A Global Enovix 5/6/2024 170 US Cue Health 5/3/2024 230 US Luminar 5/3/2024 140 US Sprinklr 5/3/2024 116 Global Bakkt 5/3/2024 28 Global Peloton 5/2/2024 15% US Google 4/30/2024 N/A US Getir 4/29/2024 6000 Global HealthifyMe 4/27/2024 150 India True Anomaly 4/26/2024 30 Global Grin 4/26/2024 N/A Global Expedia 4/26/2024 64 US Freenome 4/25/2024 100 US 98point6 4/23/2024 N/A US Homie 4/19/2024 N/A US Stability AI 4/18/2024 20 Global Pax8 4/18/2024 5% Google 4/18/2024 N/A Global Connectwise 4/17/2024 N/A Global Take-Two Interactive 4/16/2024 579 Global Tome 4/16/2024 59 Global Tesla 4/15/2024 10% Global Criteo 4/12/2024 4% Global Glovo 4/12/2024 25 Spain TikTok 4/11/2024 250 Ireland Fabric 4/11/2024 30 Global Hinge Health 4/12/2024 10% Global Zoe 4/12/2024 20% UK Uber 4/10/2024 200 US Scaler 4/10/2024 150 India Checkr 4/10/2024 382 Global Intel 4/9/2024 62 US Singularity 6 4/8/2024 35% Global Fisson 4/7/2024 100% Global Bolt.Earth 4/6/2024 N/A India Apple 4/4/2024 600 US Agility Robotics 4/4/2024 N/A US Ghost Autonomy 4/4/2024 100 US Amazon 4/3/2024 N/A Global Kaseya 4/3/2024 150 US Relic Entertainment 4/3/2024 41 US Yummly 4/3/2024 100% Global Byju's 4/3/2024 500 India Lentra 4/2/2024 N/A India Thepeer 4/2/2024 100% Nigeria Osso VR 4/1/2024 67 US Identiq 4/1/2024 20 Global Rezi 4/1/2024 100% US ChowNow 3/28/2024 30 Global Nintendo of America 3/27/2024 N/A US Dell 3/25/2024 6,000 Global Synctera 3/26/2024 17 Global Verily Life Sciences 3/22/2024 15% US Cybereason 3/20/2024 N/A Global ShopBack 3/19/2024 195 Global Orbotech 3/19/2024 100 Israel Airmeet 3/19/2024 20% India Flock Freight 3/16/2024 54 Global Chipper Cash 3/15/2024 20 Global Blueboard 3/15/2024 100% Global Textio 3/14/2024 14 US Stash 3/13/2024 25% Global Phantom Auto 3/12/2024 100% Global IBM 3/12/2024 - Global Deadspin 3/11/2024 100% US Niche 3/8/2024 7% US Inscribe 3/8/2024 40% US Turnitin 3/7/2024 15 US Totango 3/7/2024 N/A Global Sorare 3/6/2024 13% Global Meta 3/6/2024 N/A US Bird 3/5/2024 90 Global Form Energy 3/5/2024 N/A US Verbit 3/5/2024 N/A Global Edgio 3/4/2024 80 Global Melio 3/4/2024 7% Global Our Next Energy 3/4/2024 40 US Project Ronin 3/1/2024 100% US Pristyn Care 3/1/2024 120 India Gro Intelligence 3/1/2024 60% Global Fisker 2/29/2024 15% Global Electronic Arts 2/28/2024 670 Global Treasury Prime 2/28/2024 N/A US Motional 2/28/2024 5% US Bumble 2/27/2024 350 Global PropertyGuru 2/27/2024 79 Global Apple 2/27/2024 N/A US Expedia 2/26/2024 1500 Global WayCool 2/26/2024 70 India Sony 2/27/2024 900 Global Supermassive 2/26/2024 90 UK Carbon Health 2/23/2024 56 US Finder 2/21/2024 60 Global Rivian 2/22/2024 10% US Aptiv 2/20/2024 250 Poland KnownOrigin 2/20/2024 30% Global Affirm 2/18/2024 60 US Voi 2/16/2024 120 Sweden Toast 2/16/2024 550 Global Gro Intelligence 2/15/2024 20 Global CodeSee 2/15/2024 100% of workforce US May Mobility 2/15/2024 13% Global Cisco 2/14/2024 4,250 Global Wint Wealth 2/14/2024 20% India Redesign Health 2/13/2024 77 US Mozilla 2/13/2024 60 Global Riskified 2/13/2024 6% Global Everybuddy 2/13/2024 100% of workforce Global Wisense 2/13/2024 100% of workforce Global Pure Storage 2/8/2024 275 Global Getaround 2/8/2024 30% USA Journera 2/8/2024 100% of workforce Global Grammarly 2/7/2024 230 Global Fireblocks 2/7/2024 20 Israel Tenable 2/7/2024 5% Global Workfellow 2/7/2024 100% of workforce Finland Xerox 2/6/2024 400 Global Snap 2/5/2024 500 Global Top Hat 2/2/2024 35 Canada Okta 2/1/2024 400 Global Zoom 2/1/2024 150 Global Illumina 2/1/2024 111 US Polygon 2/1/2024 60 Global Indigo 2/1/2024 N/A US Proofpoint 1/31/2024 280 Global Trove Recommerce 1/31/2024 130 US Innoviz 1/31/2024 13% Global The Messenger 1/31/2024 100% US Zuora 1/31/2024 8% Global PayPal 1/30/2024 2500 Global Block 1/30/2024 1000 Global Kiwi.com 1/30/2024 216 Global Aurora solar 1/30/2024 100 US Wattapad 1/30/2024 20 Canada Techcrunch 1/30/2024 8 US Noom 1/30/2024 N/A US iRobot 1/29/2024 31% US Salesforce 1/26/2024 700 US Flexport 1/26/2024 20% US Amperity 1/25/2024 20 US Business Insider 1/25/2024 8% US Cova 1/25/2024 100% of workforce Nigeria Jamf 1/25/2024 6% US Microsoft 1/25/2024 1900 Global Storytel 1/24/2024 80 Global Aurora 1/24/2024 3% US Desktop Metal 1/24/2024 20% US HubSpot 1/24/2024 20 US SAP 1/23/2024 8000 Global Vroom 1/23/2024 800 Global Brex 1/23/2024 20% US Cure.fit 1/23/2024 150 India GoTo 1/23/2024 29 US Seedr 1/23/2024 15% Spain and Sweden GoStudent 1/23/2024 - Austria Xendit 1/22/2024 - Indonesia 2U 1/22/2024 - Global TikTok 1/22/2024 60 Global Riot Games 1/22/2024 530 Global SolarEdge 1/21/2024 900 Israel Amazon (Buy with Prime unit) 1/18/2024 30 US YouTube 1/17/2024 100 Global SonderMind 1/16/2024 49 US First Mode 1/16/2024 42 US ALI Technologies 1/16/2024 100% of workforce Japan Thursday 1/16/2024 70% UK Veeam 1/12/2024 300 US GrabCAD 1/12/2024 13 Estonia Artifact 1/12/2024 100% of workforce US Vendr 1/12/2024 - US New Work SE 1/11/2024 - Germany Playtika 1/11/2024 400 Israel Discord 1/11/2024 17% US InMobi 1/11/2024 125 India Amazon (Audible) 1/11/2024 100 US Sisense 1/11/2024 100 US 888 1/11/2024 - Israel Certinia 1/11/2024 - US Dextrous Robotics 1/11/2024 100% US Google 1/10/2024 - US IAC 1/10/2024 330 US Beam Benefits 1/10/2024 74 US Instagram 1/10/2024 60 US Amazon (Prime Video, Studios) 1/10/2024 US ChargePoint 1/10/2024 12% US Citrix 1/10/2024 12% US SoFi 1/10/2024 7% US Twitch 1/9/2024 500 US Branch 1/9/2024 85 US Nevro 1/9/2024 63 US Uber Freight 1/9/2024 US Humane 1/9/2024 4% US Trend Micro 1/9/2024 2% Japan Unity 1/8/2024 1800 US Pitch 1/8/2024 80 Germany BenchSci 1/8/2024 70 Canada Flexe 1/8/2024 38% US Cue Health 1/5/2024 94 US Lever 1/5/2024 - US NuScale Power 1/5/2024 40% US InVision 1/4/2024 100% of workforce US VideoAmp 1/4/2024 20% US Orca Security 1/3/2024 15% Israel Frontdesk 1/2/2024 200 US The Messenger 1/2/2024 24 US Bolt.Earth 12/29/2023 35% India Strake 12/28/2023 100% of workforce US Paytm 12/25/2023 1000 India Intel 12/21/2023 311 US Hyperloop One 12/21/2023 100% of workforce US Palmetto Clean Technology 12/21/2023 N/A US ShareChat 12/20/2023 200 India InSightec 12/19/2023 100 Israel Enphase Energy 12/18/2023 10% Global Checkout.com 12/18/2023 80 UK Arm Holdings 12/18/2023 70 China Superpedestrian 12/15/2023 N/A US Cruise 12/14/2023 900 US Bolt 12/14/2023 29% US Curbio 12/14/2023 N/A US Flyhomes 12/14/2023 N/A US Stellar Pizza 12/14/2023 50% US Invitae 12/13/2023 N/A US Sojern 12/13/2023 20% US SmileDirectClub 12/9/2023 100% of workforce US Sunfolding 12/9/2023 100% of workforce US D2iQ 12/8/2023 100% of workforce US Simplilearn 12/7/2023 200 India Atmosphere 12/7/2023 N/A US Tidal 12/6/2023 10% US ZestMoney 12/5/2023 150 India Navan 12/5/2023 145 US Incredibuild 12/5/2023 43 Israel Bill.com 12/5/2023 15% US Contentful 12/5/2023 50 Germany Course Hero 12/5/2023 N/A US Pivo 12/5/2023 100% of workforce Nigeria Spotify 12/4/2023 1500 Sweden Twilio 12/4/2023 5% US Filmic 12/1/2023 100% of workforce US Loco 11/30/2023 36% India Zepz 11/30/2023 30 UK Domo 11/30/2023 7% US Pipedrive 11/30/2023 N/A Estonia Vox media 11/30/2023 4% US Unity 11/28/2023 3.8% US Dataminr 11/28/2023 150 US Multiverse 11/28/2023 44 UK Tier Mobility 11/28/2023 22% Germany VMware 11/27/2023 2800 US Bytedance 11/27/2023 N/A China Our Next Energy 11/27/2023 128 US Veev 11/26/2023 100% of workforce US Anar 11/25/2023 100% of workforce India McMakler 11/21/2023 60 Germany Tulip Retail 11/21/2023 25 Canada C3.ai 11/20/2023 N/A US Jodo 11/20/2023 100 India Physics Wallah 11/19/2023 100 India NextGen Healthcare 11/17/2023 84 US Buildertrend 11/17/2023 16% US Zazuu 11/17/2023 100% of workforce UK Sierra Space 11/16/2023 165 US Paystack 11/16/2023 33 Nigeria Beamery 11/16/2023 25% UK FintechOS 11/15/2023 N/A Romania FreshBooks 11/15/2023 6% Canada Landing 11/15/2023 N/A UK Uleet 11/15/2023 100% of workforce US Cake Group 11/14/2023 30% Singapore Halodoc 11/14/2023 N/A Indonesia Markforged 11/14/2023 10% US Ping Identity 11/14/2023 N/A US Humble Games 11/14/2023 N/A US Carta 11/9/2023 N/A US OSlash 11/9/2023 100% of workforce India Snapchat 11/8/2023 20 US City Storage Systems (CSS) 11/8/2023 N/A US Google 11/8/2023 N/A US Zillow 11/7/2023 24 US Nextdoor 11/7/2023 25% US Zeus Living 11/7/2023 100% of workforce US Ava Labs 11/6/2023 12% US Homie 11/6/2023 N/A US Moore Threads 11/6/2023 N/A China Pico Interactive 11/6/2023 N/A US F5 11/3/2023 120 US NIO 11/3/2023 10% China OpenSea 11/3/2023 50% US Viasat 11/2/2023 800 US Beyond Meat 11/2/2023 65 US OpenSpace 11/2/2023 N/A US Orchard 11/2/2023 N/A US Informatica 11/1/2023 10% US Splunk 11/1/2023 500 US Sana 11/1/2023 73 US Olive 10/31/2023 100% of workforce US StepStone 10/30/2023 215 Germany Hubilo 10/30/2023 50 US Resmed 10/30/2023 5% US Karat Financial 10/27/2023 N/A US Hippo Insurance 10/26/2023 120 US Graphy 10/26/2023 20-30% India Salsify 10/25/2023 110 US F-Secure 10/25/2023 N/A Finland Virgio 10/25/2023 33% India Exabeam 10/25/2023 20% US Slync 10/25/2023 100% of workforce US SiFive 10/24/2023 130 US Pebble 10/24/2023 100% of workforce US Shipt 10/24/2023 3.5% UK Parity Technologies 10/23/2023 100 UK Roblox China 10/23/2023 15 China Nomad Health 10/20/2023 17% US Tropic 10/20/2023 26 US Nokia 10/19/2023 14000 Finland Convoy 10/19/2023 N/A US Bullhorn 10/19/2023 N/A US LegalZoom 10/19/2023 N/A US StellerAlgo 10/19/2023 21 Canada Google 10/18/2023 40 US Plume 10/18/2023 N/A US Made renovation 10/18/2023 100% US Expedia 10/17/2023 100 US Waymro 10/17/2023 N/A US LinkedIn 10/16/2023 668 US Bandcamp 10/16/2023 50% US Stack overflow 10/16/2023 28% US PokerStars 10/15/2023 N/A UK Adda247 10/14/2023 300 India Flexport 10/13/2023 20% US Qualcomm 10/12/2023 1258 US Lending Club 10/12/2023 172 US MariaDB 10/12/2023 84 US Deepgram 10/11/2023 20% US Acronics 10/11/2023 N/A Switzerland Stitch Fix 10/9/2023 558 US Braid 10/9/2023 100% US Juniper 10/9/2023 400 US Amazon 10/9/2023 1% of Amazon's global communications team (Amazon Studios, Amazon Prime Video, and Amazon Music divisions) US Blue Origin 10/9/2023 40 US Invest cloud 10/6/2023 80 US Brave 10/6/2023 9% US Yuga labs 10/6/2023 N/A US Enovix 10/5/2023 185 US Bizongo 10/5/2023 50 India SchoolMint 10/5/2023 14.50% US SeekOut 10/5/2023 16 US Ledger 10/5/2023 12% France Qualtrics 10/4/2023 780 US Hopper 10/4/2023 30% Canada Bird 10/4/2023 N/A US Block 10/4/2023 N/A US Meta 10/4/2023 N/A US Dare 10/3/2023 N/A UK Sendoso 10/3/2023 N/A US Twitch 10/3/2023 N/A US Chainalysis 10/2/2023 150 US Synapse 10/2/2023 86 US Chia Network 10/2/2023 26 US IronNet 10/2/2023 100% of workforce US Sono motors 10/2/2023 - Germany Cowbell 9/29/2023 28 US Andgo 9/29/2023 9 Canada 7shifts 9/29/2023 30 Canada Epic 9/28/2023 16% of workforce US Neobank Fi 9/27/2023 10% of workforce India Snap 9/27/2023 170 US Lucid Software 9/25/2023 75 US Appsmith 9/22/2023 35 US Roblox 9/22/2023 30 US Recast 9/22/2023 100% of workforce Scotland DealShare 9/21/2023 130 India Merative 9/21/2023 100 Ireland Robinhood 9/21/2023 7% of workforce US Outreach 9/20/2023 12% of workforce US Grabango 9/18/2023 N/A US Cisco 9/17/2023 350 US 7shifts 9/15/2023 7% of workforce Canada Velocity 9/15/2023 14% of workforce India Airtable 9/14/2023 27% of workforce US R3 9/14/2023 NA US Akili Labs 9/13/2023 40% of workforce US Google 9/13/2023 NA US Evolve 9/12/2023 20% of workforce US Binance.US 9/12/2023 NA US Paper 9/12/2023 87 Canada Homeday 9/12/2023 NA Germany At-Bay 9/12/2023 27 US Eurora 9/11/2023 111 Global Divvy Homes 9/12/2023 94 US Eurora 9/11/2023 111 Global Chargebee 9/11/2023 10% of workforce US Mollie 9/11/2023 80 Netherlands Dunzo 9/10/2023 200 India ChargePoint 9/8/2023 10% of workforce US Sensor Tower 9/8/2023 40 US Drift 9/7/2023 30 US Hijra 9/7/2023 NA Indonesia Roku 9/6/2023 10% of workforce US ForeScout 9/6/2023 40 Israel Blue Origin 9/6/2023 NA US iSpecimen 9/6/2023 20% of workforce US MaxMilhas 9/5/2023 18% of workforce Brazil Absci 9/5/2023 30 US At-Bay 9/5/2023 NA US Talent.com 9/5/2023 NA Canada mPharma 9/4/2023 150 Africa Xolo 09/04/2023 24 Estonia Nexar 09/04/2023 17 US Lunchtime 09/04/2023 100% of workforce Czech Republic Gated 09/02/2023 100% of workforce US Pegasystems 09/02/2023 240 US Clearcover 09/01/2023 28% of workforce US Khatabook 09/01/2023 40 India Malwarebytes 08/31/2023 100 US Biofourmis 08/31/2023 120 global Expedia 08/31/2023 NA US Volition 08/31/2023 100% of workforce US SkyKick 08/30/2023 140 US Huma 08/30/2023 45 UK Ada Developers Academy 08/30/2023 NA US Barstool Sports 08/30/2023 25% of employees US Kenko Health 08/29/2023 20% of its employees India Zebra Technologies 08/28/2023 700 US CoinSwitch 08/28/2023 44 India Clockwork 08/28/2023 100% of workforce US SenseTime 08/28/2023 10%–15% of workforce China HackerRank 08/27/2023 53 US Cuemath 08/26/2023 100 India Fortinet 08/25/2023 NA US Chingari 08/24/2023 Over 50% of employees India T-Mobile 08/24/2023 5000 US General Motors 08/23/2023 936 US Atlas 08/23/2023 NA US Veriff 08/23/2023 101 Estonia BlackLine 08/23/2023 95 US Cellulant 08/23/2023 20% of workforce Africa CoinDCX 08/22/2023 12% of workforce India Datagen 08/22/2023 NA Israel Recur 08/21/2023 100% of workforce US Spartan Poker 08/19/2023 125 India Times Internet 08/18/2023 100 India Zylo 08/18/2023 10% of workforce US Illumina 08/17/2023 151 US AppFolio 08/17/2023 9% of workforce US Intel 08/17/2023 140 US StreamElements 08/17/2023 60 Israel TikTok 08/17/2023 7 US FlexCar 08/16/2023 20 US iQIYI Smart 08/15/2023 N/A China Noice 08/15/2023 N/A Indonesia SecureWorks 08/14/2023 300 US CoinDesk 08/14/2023 45% of editorial staff US NCC Group 08/11/2023 N/A UK Hike 08/10/2023 55 India SHINE Technologies 08/10/2023 59 US Shutterfly 08/10/2023 246 US Quizy 08/09/2023 100% of workforce India Blend 08/09/2023 150 US Niantic 08/09/2023 100 US Dealtale 08/09/2023 70 Israel Babylon Health 08/09/2023 94 UK MPL 08/08/2023 350 India Sendy 08/08/2023 100% of workforce Kenya 23andMe 08/08/2023 71 US Rapid7 08/08/2023 470 US Doximity 08/08/2023 100 US Qomplx 08/04/2023 60 US Astra 08/04/2023 25% of workforce US Big Cabal Media 08/04/2023 19% of workforce Nigeria Bardee 08/03/2023 30 Australia Ayoconnect 08/03/2023 10% of workforce Indonesia Finastra 08/03/2023 N/A Israel Spinny 08/02/2023 300 India Tekion 08/02/2023 300 India, US BetterUp 08/02/2023 100 US Augury 08/02/2023 70 US Gem 08/02/2023 70 US Gupy 08/02/2023 58 Brazil FamPay 08/02/2023 18 India Actyv.ai 08/02/2023 65 India ConnectedH 08/02/2023 100% of workforce India DICE 08/02/2023 N/A UK Vesttoo 08/01/2023 150 Israel Planet 08/01/2023 117 US Paper 08/01/2023 106 Canada Archipelago Analytics 08/01/2023 40 US Increff 08/01/2023 60 India inDrive 08/01/2023 10% of workforce US Outreach 08/01/2023 5% of workforce US HackerOne 08/02/2023 50 US Discord 08/03/2023 37 US Aware 08/03/2023 Fewer than 50 US CodeClan 08/04/2023 57 UK Top Hat 08/04/2023 42 Canada Telus Corp 08/04/2023 6,000 Canada Dell 08/07/2023 N/A US Dunzo 07/24/2023 200 India Bundle 07/21/2023 100% of workforce Nigeria Square Roots 07/21/2023 NA US Lamudi Indonesia 07/21/2023 NA Indonesia Viaplay 07/20/2023 25% of workforce Sweden Stoa 07/20/2023 80 US Phunware 07/20/2023 33% of workforce US saarthi.ai 07/20/2023 NA India Inspirato 07/20/2023 50 US Microsoft 07/18/2023 1,000 US Cameo 07/18/2023 80 US Sarcos 07/17/2023 75 US Ezoic 07/17/2023 NA US IBM 07/17/2023 NA Israel Code42 07/17/2023 NA US Binance 07/14/2023 1,000 Cayman Island PayScale 07/14/2023 14 US Factorial 07/14/2023 20 Spain Navi Technologies 07/13/2023 200 India Skill-Lync 07/13/2023 20% of its total workforce India Audiocodes 07/13/2023 80 Israel Temp Automation Holdings Inc. 07/13/2023 62 US Uber Freight 07/13/2023 40 US Deepwatch 07/13/2023 30 US Centr 07/13/2023 22 Australia Peloton Interactive, Inc. 07/13/2023 11 US Netlify 07/13/2023 NA US SAS Institute 07/13/2023 NA US Dapper Labs 07/13/2023 51 Canada DeepVerge 07/12/2023 100% of workforce Ireland Freightos 07/12/2023 50 US Circle 07/12/2023 NA US CyberGRX 07/11/2023 NA US Expedia Group 07/11/2023 NA US Waycool 07/11/2023 300 India Matterport, Inc. 07/11/2023 170 US EverQuote 07/11/2023 100 US Sisense 07/11/2023 100 US Built Technologies 07/11/2023 N/A US Butterfly Network, Inc. 07/11/2023 25% of workforce US Dukaan 07/11/2023 90% of customer service workforce India Jasper 07/11/2023 NA Canada Shift Technologies 07/11/2023 34% of its employees US FrontRow 07/10/2023 100% of workforce India IntelyCare 07/10/2023 NA US Latch 07/10/2023 59% of workforce US and Taiwan Microsoft 07/10/2023 276 US Evernote 07/07/2023 NA US and Chile Trellix 07/07/2023 NA US Circles.Life 07/07/2023 30 Singapore ConnectRN 07/07/2023 57 US Crunchbase 07/07/2023 52 US Amdocs 07/06/2023 2000 US FNZ 07/06/2023 1000 Global TytoCare 07/06/2023 20 US DayTwo 07/06/2023 115 US Viaplay Group 07/05/2023 NA Sweden Vista Group 07/05/2023 6–8% of workforce Global Highsnobiety 07/03/2023 24 Germany Zip 07/03/2023 20% of workforce Australia Buzzer 06/30/2023 100% of workforce US MediaMath 06/30/2023 100% of workforce US Insider Intelligence 06/30/2023 20 US Niantic 06/29/2023 230 US Headspace 06/29/2023 181 US Artsy 06/29/2023 35 US Candy Digital 06/29/2023 30 US Xiaomi 06/29/2023 30 India Torii 06/29/2023 28 US, Israel Merama 06/29/2023 8%–9% of workforce Mexico Stripe 06/29/2023 40 Ireland Vowel 06/29/2023 1 US Karat 06/28/2023 47 US Plex 06/29/2023 37 US Ludia 06/28/2023 55 US Zapier 06/28/2023 10% of workforce US Loopio 06/28/2023 9% of workforce Canada New Relic 06/27/2023 255 Global Tibber 06/27/2023 50 Norway Waze 06/27/2023 NA US Payoneer 06/26/2023 200 US Convoy 06/26/2023 NA US Joonko 06/25/2023 100% of workforce US Eyowo 06/27/2023 100% of workforce Nigeria Robinhood 06/26/2023 150 US IRL 06/23/2023 100% of workforce US Anaplan 06/23/2023 300 US Ritual Technologies Inc. 06/23/2023 40% of workforce Global Retool 06/22/2023 9% of workforce US Uber Technologies 06/21/2023 200 Global Tackle.io 06/21/2023 75 US Friday Health Plans 06/21/2023 322 US Grab Holdings 06/20/2023 1000 Singapore OLX Group 06/20/2023 800 Global Karakuri 06/20/2023 100% of workforce UK Chingari 06/19/2023 48 India Panther 06/19/2023 100% of workforce US Fuzzy 06/18/2023 100% of workforce US Mojocare 06/17/2023 170 India Nikola 06/17/2023 270 US Binance 06/17/2023 50 US Karshare 06/16/2023 100% of workforce UK Tada 06/16/2023 45 South Korea Cerner 06/16/2023 NA US CareRev 06/15/2023 100 US FrontRow 06/15/2023 90% of workforce India TrueCar 06/15/2023 102 US Synapse 06/15/2023 18% of workforce US Bitwise 06/14/2023 100% of workforce US Sonos 06/14/2023 130 US Olo 06/14/2023 81 US Chegg 06/13/2023 80 Global dot.LA 06/12/2023 100% of workforce US Tiki 06/11/2023 100% of workforce Singapore Pendo 06/12/2023 100 US GoCardless 06/12/2023 150 UK TaxBit 06/11/2023 80 US Sumo Logic 06/10/2023 NA US Trybe 06/09/2023 128 Brazil Expel 06/09/2023 60 US Newsela 06/09/2023 102 US Highspot 06/08/2023 140 US Cohesity 06/08/2023 NA US Freshworks 06/08/2023 NA US Opora Technologies 06/08/2023 100% of workforce US Ursa Major 06/08/2023 14 US Byju's 06/07/2023 1,000 India Nubank 06/07/2023 296 Brazil HashiCorp 06/07/2023 8% of workforce US Reddit 06/06/2023 90 US Dragos, Inc. 06/06/2023 50 US Flex 06/06/2023 43 US Unity Technologies 06/06/2023 50 US Coherent 06/06/2023 196 US Mara 06/06/2023 6 Kenya Linktree 06/06/2023 60 Australia Spotify 06/05/2023 200 Sweden Azibo 06/05/2023 8 US Zume Inc. 06/03/2023 100% of workforce US Zoominfo 06/02/2023 3% of its workforce US Staffbase 06/02/2023 90 Germany Haven Technologies 06/01/2023 280 US Mural 06/01/2023 NA US Glamyo Health 06/01/2023 NA India Outbrain 06/01/2023 90 US Cloud Trucks 06/01/2023 40% of workforce US Coachhub 06/01/2023 10% of global workforce Global Fractal Software 06/01/2023 28 US SentinelOne 06/01/2023 5% of workforce US Vendr 06/01/2023 100 US Zendesk 05/31/2023 8% of the workforce US ZipRecruiter, Inc. 05/31/2023 270 Global McMakler 05/31/2023 60 Germany Taxfix 05/31/2023 120 Germany Coupa Software 05/31/2023 NA US Nansen 05/30/2023 30% of workforce Singapore PacketFabric 05/30/2023 NA US Qualcomm 05/23/2023 30 Israel AppFolio 05/27/2023 62 US Project44 05/26/2023 130 Global BenevolentAI 05/25/2023 180 UK Airmeet 05/25/2023 75–90 India Circus Kitchens 05/25/2023 35 Germany Kabam 05/25/2023 12% of workforce US Guild 05/25/2023 172 US WillowTree 05/25/2023 120 US Flink 05/24/2023 100 Europe Brainly 05/24/2023 30% of workforce Europe Alibaba 05/23/2023 7% of the workforce China SoundCloud 05/23/2023 8% of workforce Germany Tractable 05/23/2023 N/A US FemTec Health Inc. 05/23/2023 N/A US Nuance Communications 05/20/2023 N/A US Clearbit 05/18/2023 N/A US dbt Labs 05/18/2023 15% of workforce Global L1ght 05/18/2023 22 Israel Nextbite 05/18/2023 N/A US TuSimple 05/18/2023 330 Global Stash 05/18/2023 40 US Formstack 05/16/2023 40% of workforce US Oracle 05/19/2023 3,000 US Zepz 05/16/2023 420 UK Lemonade 05/16/2023 45 US DroneUp 05/16/2023 N/A US Quanto 05/16/2023 85% of workforce Brazil Cana 05/13/2023 100% of workforce US Nuro 05/12/2023 340 US Telenav, Inc. 05/10/2023 172 Romania Happay 05/12/2023 160 India Toothsi 05/12/2023 30 India Everlaw 05/12/2023 10% of workforce Global Tessera 05/12/2023 100% of workforce US Cornershop 05/11/2023 250 US CS Disco 05/11/2023 47 Global Microsoft 05/10/2023 158 US Redbubble 05/10/2023 75 Australia Stack Overflow 05/10/2023 58 US Nuro 05/10/2023 N/A US Akamai Technologies 05/10/2023 300 US Sonatype 05/10/2023 100 US, Global AudioCodes 05/09/2023 80 Israel Buzzer 05/09/2023 N/A US Marqeta 05/09/2023 15% of workforce US LinkedIn 05/09/2023 716 US Cuemath 05/08/2023 100 India Teachmint 05/05/2023 70 India Sabre 05/04/2023 1,100 US Autograph 05/04/2023 30 US Shopify 04/05/2023 2,300 Canada Earnix 04/05/2023 30 Israel Unity 05/03/2023 600 US Upwork 05/03/2023 137 US Healthy.io 05/03/2023 70 Global Brightline 05/03/2023 20% of workforce US Bishop Fox 05/03/2023 50 US Cogito 04/29/2023 177 India N26 04/28/2023 71 Germany Dropbox 04/27/2023 500 Global Vroom 04/27/2023 120 US Greenhouse 04/27/2023 100 US Airtasker 04/27/2023 45 Australia Chief 04/28/2023 43 US Tickertape 04/27/2023 29 India Alteryx 04/27/2023 11% of the workforce US Clubhouse 04/27/2023 50% of the workforce US Extramarks 04/26/2023 300 India Skill-Lync 04/25/2023 400 India RapidAPI 04/25/2023 115 US Red Hat 04/24/2023 4% of its global workforce Global Benchling 04/21/2023 74 US Pluralsight 04/22/2023 20% of workforce US BuzzFeed 04/20/2023 180 Global Koo 04/20/2023 30% of workforce India Insider 04/20/2023 10% of workforce US Lenovo 04/20/2023 N/A US F5 04/20/2023 623 US WalkMe 04/19/2023 112 US Fampay 04/17/2023 50 India Kumu 04/17/2023 N/A Philippines QuaDream 04/16/2023 100% of workforce Israel Community Gaming 04/15/2023 17 US Astronomer 04/01/2023 76 US Snyk 04/13/2023 128 US Bluepad 04/13/2023 100% of workforce India Heygo 04/13/2023 100% of workforce UK Lazerpay 04/13/2023 100% of workforce Nigeria Mediafly 04/13/2023 N/A US Pear Therapeutics 04/07/2023 N/A US Workit health 04/07/2023 100 US ZestMoney 03/31/2023 100 India Absolute Software 04/06/2023 40 Global Amplitude 04/05/2023 99 Global Apple 04/04/2023 N/A US 1K Kirana 04/04/2023 200 Global Boost 04/04/2023 15 US Domestika 03/31/2023 89 Spain Hulu 03/30/2023 200 China Roku 03/30/2023 200 US GitHub 03/28/2023 142 India Unacademy 03/30/2023 380 India CoverMyMeds 03/29/2023 815 US Electronic Arts 03/29/2023 780 US Rackspace 03/27/2023 275 US Takeoff Technologies 03/24/2023 80 Global Veeam 03/23/2023 200 Global Slite 03/23/2023 10 Global Accenture 03/23/2023 19000 US Indeed 03/22/2023 2200 US Glassdoor 03/22/2023 140 US Rewind 03/22/2023 N/A Global Marvell 03/21/2023 320 US Workhuman 03/21/2023 130 Global FreshBooks 03/21/2023 80 Global Xing 03/21/2023 68 Global Mr Yum 03/21/2023 40 Global Smallcase 03/21/2023 15 India Huuuge Games 03/20/2023 10% of workforce Global Candor Technology 03/17/2023 N/A US Course Hero 03/16/2023 42 US Bonusly 03/16/2023 30% of workforce US Freshworks 03/16/2023 N/A US and India Klaviyo 03/15/2023 140 US Microsoft 03/14/2023 7 Global Anchorage Digital 03/15/2023 75 Global Waymo 02/03/2023 209 Emrbark Trucks 03/03/2023 230 CNET 03/03/2023 12 Airbnb 04/03/2023 27 Global Kaleidoscope 03/14/2023 30% of workforce US Meta 03/14/2023 10,000 Global Samsung 03/13/2023 3% of its employees from chip division in the US US Loft 03/03/2023 340 Global Xero 03/09/2023 800 Global GoTo 03/10/2023 600 Global Atlassian 03/06/2023 500 Global Jabil Inc. 02/02/2023 200 US Palantir 02/27/2023 Less than 2% of workforce Global Twitter 02/27/2023 200 Global Polygon 02/21/2023 100 Global MyGate 02/21/2023 30% of workforce India DocuSign 02/17/2023 680 Global Apple 02/18/2023 N/A Global Wix 02/15/2023 370 US Sprinklr 02/15/2023 4% of workforce Global Rigetti 02/14/2023 28% of workforce Global CommerceHub 02/14/2023 371 Global LinkedIn 02/14/2023 N/A Global Twilio 02/14/2023 1,500 Global TikTok 02/10/2023 40 India GitLab 02/09/2023 130 Global Olive AI 02/09/2023 215 US Yahoo 02/09/2023 1,700 Global GoDaddy 02/09/2023 8% of workforce Global Affirm 02/09/2023 19% of workforce Global Infosys 02/07/2023 600 Global Zoom 02/07/2023 1,300 Global Dell 02/06/2023 6,650 Global Cellulant 02/03/2023 30% of workforce Nigeria Finder 02/03/2023 15% of workforce Global Protocol Labs 02/03/2023 89 Global FarEye 02/03/2023 90 Global Autodesk 02/03/2023 250 Global Bittrex 02/02/2023 83 US BYJU’S 02/02/2023 1,000 Global Match 02/02/2023 8% of workforce Global Pinterest 02/02/2023 150 Global DraftKings 02/02/2023 140 Global Splunk 02/01/2023 325 Global PayPal 02/01/2023 2,000 Global Intel 02/01/2023 340 US HubSpot 02/01/2023 7% of workforce Global NetApp 02/01/2023 8% of workforce Global OLX 01/30/2023 15% of workforce Global CoinTracker 01/28/2023 19 Global #paid 01/27/2023 19 Canada Venngage 01/27/2023 11 Canada PartnerStack 01/27/2023 20% of workforce Canada Matrixport 01/27/2023 10% of workforce Global Shakepay 01/27/2023 21 Canada Luno 01/27/2023 35% of workforce Global SAP 01/26/2023 3,000 Global IBM 01/26/2023 3,900 Global Prosus 01/25/2023 30% of workforce Global Disco 01/26/2023 9% of workforce US SirionLabs 01/25/2023 15% of workforce Global PagerDuty 01/24/2023 7% of workforce Global Spotify 01/24/2023 6% of workforce Global InMobi 01/23/2023 3% of workforce Global Genpact 01/23/2023 1,000 US Wipro 01/22/2023 452 India Alphabet 01/20/2023 12,000 Global nCino 01/19/2023 117 Global Hootsuite 01/18/2023 7% of workforce, 70 employees Canada Benevity 01/18/2023 14% of workforce, 137 employees Canada Microsoft 01/18/2023 5% of workforce Global Unity 01/17/2023 284 Global Exotel 01/17/2023 142 India Paddle 01/17/2023 8% of workforce UK Pagseguro PagBank 01/17/2023 7% of workforce Brazil ShareChat 01/17/2023 400 India Till Payments 01/16/2023 120 Australia Crypto.com 01/13/2023 20% of workforce Global Greenlight 01/13/2023 104 Global Carta 01/12/2023 10% of workforce Global Parler 01/11/2023 75% of workforce US Beamery 01/11/2023 12% of workforce Global Tipalti 01/11/2023 123 US Thinkific 01/11/2023 75 Canada Informatica 01/11/2023 7% of workforce US Flexport 01/11/2023 20% of workforce Global Coinbase 01/10/2023 20% of workforce Global Esper 01/10/2023 21% of workforce Global Scale AI 01/10/2023 20% of workforce Global Salesforce 01/04/2023 10% of workforce Global Pegasystems 01/03/2023 4% of workforce Global Back Market 12/23/2022 93 Global PayU 12/26/2022 150 India Micron Technology 12/25/2022 10% of workforce US Briza 12/20/2022 26 Toronto Chope 12/20/2022 65 Singapore TuSimple 12/17/2022 700 US Grover 12/07/2022 10% of workforce Germany Google 11/23/2022 10,000 Global Assure 11/23/2022 100% of workforce US HP 11/22/2022 6,000 Global GloriFi 11/21/2022 100% of workforce US Metaplex 11/18/2022 NA US Cisco 11/17/2022 4,100 US Chili Piper 11/17/2022 58 US Homepoint 11/17/2022 113 US Capitolis 11/17/2022 37 US Yotpo 11/16/2022 70 US Similarweb 11/16/2022 120 US Salsify 11/16/2022 90 US Lokalise 11/16/2022 76 US Kite 11/16/2022 100% of workforce US Asana 11/15/2022 97 US The Zebra 11/15/2022 90 US OwnBackup 11/15/2022 170 US OfferUp 11/15/2022 19% of workforce US Amazon 11/14/2022 10,000 US Intercom 11/14/2022 124 US Sema4 11/14/2022 500 US Snyk 11/12/2022 198 US IronNet 11/12/2022 55 US Veev 11/11/2022 100 US RingCentral 11/10/2022 10% Of Workforce US Zendesk 11/10/2022 300 US SoundHound 11/10/2022 45 US Ocavu 11/10/2022 20 US Wavely 11/10/2022 100% of workforce US Wistia 11/10/2022 40 US Reforge 11/10/2022 NA US Cameo 11/09/2022 80 US Salesforce 11/09/2022 950 US SADA 11/09/2022 11% Of Workforce US Meta 11/09/2022 11,000 Global Amobee 11/09/2022 NA US Coursera 11/09/2022 NA US Stripe 11/07/2022 1120 Global Twitter 11/07/2022 3,700 Global Code42 11/07/2022 15% of workforce US Varonis Systems 11/06/2022 110 US Exodus 11/04/2022 59 US Mythical Games 11/04/2022 10% Of Workforce US Faire 11/03/2022 7% of workforce US Shippo 11/03/2022 20% of its workforce US Lyft 11/03/2022 700 US Stripe 11/03/2022 1,000 US Chargebee 11/02/2022 142 US Chime 11/02/2022 156 US Opendoor 11/02/2022 550 US Gem 11/02/2022 100 US Upstart 11/01/2022 140 US Booking.com 11/01/2022 226 US Equitybee 10/31/2022 25 US Notarize 10/31/2022 25% of workforce US Intel 10/28/2022 1,000 Global Advata 10/28/2022 32 US Recharge 10/27/2022 84 US Furlough Announcements by Major Retail Companies wdt_ID Company Announcement Date Paid/Unpaid Healthcare Benefits # of Furloughed Employees Region Length 1 GameStop 04/21/2020 Unpaid N/A N/A N/A 2 Foot Locker 04/21/2020 Unpaid x N/A US, Canada, Australia N/A 3 Lumber Liquidators 04/20/2020 Paid 300 Global 2 weeks 4 Columbia Sportswear 04/16/2020 Unpaid x N/A N/A Until May 1, 2020 5 Best Buy 04/15/2020 Unpaid x N/A US N/A 6 ZAGG 04/15/2020 Unpaid x N/A Global N/A 7 J.Jill 04/15/2020 Unpaid N/A N/A N/A 8 True Religion 04/14/2020 Unpaid N/A N/A N/A 9 Burlington Stores 04/13/2020 Unpaid x N/A N/A N/A 10 Purple Innovation 04/13/2020 Unpaid 298 US N/A 11 David Yurman 04/09/2020 N/A x N/A N/A N/A 12 At Home Group 04/09/2020 Unpaid x 1,456 US N/A 13 Charles & Colvard, Ltd. 04/09/2020 Unpaid x 32 US N/A 14 Ulta Beauty 04/08/2020 Unpaid N/A N/A N/A 15 Party City Holdco Inc. 04/08/2020 Unpaid x N/A Global N/A 16 CarMax Inc. 04/08/2020 Unpaid 15,500 US N/A 17 Hanesbrands 04/07/2020 Unpaid x N/A N/A N/A 18 TJX Companies 04/07/2020 Unpaid N/A N/A N/A 19 Levi Strauss & Co. 04/07/2020 Unpaid x 4,000 US N/A 20 Dick's Sporting Goods 04/07/2020 Unpaid x N/A N/A N/A 21 Rent-A-Center 04/07/2020 Unpaid N/A N/A N/A 22 Nissan Motor Co., Ltd. 04/07/2020 Unpaid 10,000 US N/A 23 Tesla 04/07/2020 Unpaid x N/A N/A Until May 4, 2020 24 Group 1 Automotive 04/07/2020 Unpaid N/A N/A N/A 25 John Lewis Partnership 04/06/2020 N/A 14,000 UK TBD This report is for Premium subscribers only. 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