The dramatic pullback in spending by consumers reduced Jones Apparel Group Inc.’s third-quarter earnings to a fraction of what they were a year ago, but still a hair above Wall Street’s expectations.
For the three months ended Oct. 4, net income fell 93.1 percent to $27.3 million, or 33 cents a diluted share, compared with $400.1 million, or $3.97, in the year-ago quarter. Adjusted earnings per share for continuing operations were 34 cents, 1 cent higher than the consensus estimate of analysts.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)