The company said net sales for the quarter ended May 3, 2025 were $13.1 billion, an increase of 5% compared to $12.5 billion in the prior-year quarter, and consolidated comp sales increased 3%.

1. 01

   The company said net sales for the quarter ended May 3, 2025 were $13.1 billion, an increase of 5% compared to $12.5 billion in the prior-year quarter, and consolidated comp sales increased 3%.

2. 02

   The company said diluted earnings per share for Q1 of fiscal 2026 were $0.92, lower than $0.93 in the prior-year quarter, and the pre-tax profit margin was 10.3%, a decrease of 0.8 percentage points compared to 11.1% in the prior-year quarter.

3. 03

   The company said the cost of sales ratio, including buying and occupancy costs, was 70.5%, an increase of 0.5 percentage points, and the SG&A expense ratio was 19.4%, an increase of 0.2 percentage points. It cited as factors the year-over-year impact from mark-to-market adjustments on inventory hedges, the employee retention credit reserve release benefit in the prior year, and incremental store wage and payroll costs.

4. 04

   The company said operating cash inflows for Q1 (3 months) of fiscal 2026 were $394 million, lower than $737 million in the prior-year period, and it returned $1 billion to shareholders through share repurchases and dividends.

Key figures

Quarter ended May 3, 2025

Revenue

$13.1B

Net income

$1.0B

EPS

$0.92

Operating cash flow

$394M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.