The company reported earnings per share of $1.59, net income of $527 million and sales of $5.3 billion for the 13 weeks ended 2024-08-03. For the prior-year period, earnings per share were $1.32 and net income was $446 million, and comparable store sales rose 4%.

1. 01

   The company reported earnings per share of $1.59, net income of $527 million and sales of $5.3 billion for the 13 weeks ended 2024-08-03. For the prior-year period, earnings per share were $1.32 and net income was $446 million, and comparable store sales rose 4%.

2. 02

   The company said operating margin for Q2 rose 115 basis points from the prior-year period to 12.5%. It cited higher sales and lower distribution and incentive costs as factors, which were partially offset by lower merchandise margins.

3. 03

   The company said it repurchased 1.8 million shares of common stock for $262 million in Q2 of fiscal 2024. It said it remains on track to buy back a total of $1.05 billion of common stock in fiscal 2024, under the 2-year $2.1 billion authorization approved by its Board of Directors in March 2024.

4. 04

   The company said it plans earnings per share of $1.35 to $1.41 for Q3 and $1.60 to $1.67 for Q4. It planned earnings per share of $6.00 to $6.13 for the 52 weeks ending 2025-02-01, versus $5.56 for the prior-year full year, which included an approximate $0.20 earnings per share benefit from the 53rd week.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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