The company reported net revenues of $1,836,760 thousand for Q2 (13 weeks ended August 3, 2025), versus $1,788,307 thousand a year earlier, and comparable brand revenue of +3.7%. The company said all brands again posted positive comps.

1. 01

   The company reported net revenues of $1,836,760 thousand for Q2 (13 weeks ended August 3, 2025), versus $1,788,307 thousand a year earlier, and comparable brand revenue of +3.7%. The company said all brands again posted positive comps.

2. 02

   The company said operating income for Q2 was $328 million, with an operating margin of 17.9%, +240 basis points versus a year earlier. Gross margin was 47.1%, +220 basis points. The company cited merchandise margin gains of +190 basis points and supply chain efficiencies of +30 basis points as factors.

3. 03

   The company said diluted earnings per share for Q2 were $2.00, +19.8% from a year earlier. Net earnings for the same quarter were $247,562 thousand, versus $216,855 thousand a year earlier.

4. 04

   The company raised its net revenue outlook for fiscal 2025 to +0.5% to +3.5% growth, with comps of +2.0% to +5.0%, and kept its operating margin outlook at 17.4% to 17.8%. The company said it expects tariff costs to pressure the flow-through of incremental revenue to profit.

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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