Women’s apparel chain New York & Co. Inc. raised its guidance Friday after reporting that second-quarter profits more than doubled, lifted by retooled promotional strategies and cost cutting.
The New York-based company posted net income of $8.8 million, or 14 cents a diluted share, for the quarter ended Aug. 2, compared with profits of $3.5 million, or 6 cents, for the year-ago period. Same-store sales fell 2.2 percent compared with a 4.9 percent jump a year ago. Total sales rose 3.8 percent to $295.7 million from $285 million. Analysts expected earnings per share of 9 cents on revenue of $283.6 million, according to Yahoo Finance.
"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)
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