FN keeps track of all of our earnings coverage for retailers and footwear companies here.

Sept. 29, 2022: Nike, Inc. (NKE)

Earnings: Net income was $1.5 billion in the first quarter of 2023, down 22%. Diluted earnings per share was $0.93, decreasing 20%.

Sales: Revenues increased 4% in Q1 to $12.7 billion compared to the prior year and were up 10% on a currency-neutral basis.

CEO Comments: “Our strong start to FY23 highlights the depth and breadth of NIKE’s global portfolio, as we continue to manage through volatility,” said John Donahoe, president and CEO of Nike, Inc. “Our competitive advantages, including the strength of our brand, deep consumer connections and pipeline of innovative product, continue to prove that our strategy is working. We expect our unrelenting focus on better serving the consumer to continue to fuel growth and create value like only Nike can.”

Sept. 7, 2022: Academy Sports and Outdoors, Inc. (ASO)

Earnings: GAAP net income decreased 0.9% to $188.8 million. Diluted earnings per share increased 11.6% to $2.22. Adjusted net income was $195 million. Adjusted diluted earnings per share were $2.30.

Sales: Net sales were down 5.8% to $1.69 billion.

CEO Comments: “Our performance this quarter was in line with our expectations as Academy continues to substantially outperform our pre-pandemic levels of sales and profits. We remain confident that the durability of our strong assortments and everyday value model positions us well to deliver consistent sales and profitability growth going forward,” said CEO and chairman Ken Hicks.

Outlook: The company reaffirmed its sales guidance and updated its EPS forecast for 2022 and expects adjusted diluted earnings per share to fall between $6.75 and $7.50.

Sept. 1, 2022: Lululemon Athletica Inc. (LULU)

Earnings: Diluted earnings per share were $2.26. Adjusted diluted earnings per share were $2.20.

Sales: Net revenue increased 29% to $1.9 billion.

CEO Comments: “The momentum in our business continued in the second quarter, fueled by strong guest response to our product innovations, community activations, and omni experience. I would like to express my gratitude to our teams around the world for their continued dedication and enthusiasm for our brand, which enabled us to generate this elevated level of performance. As we look ahead, we’re excited about our ability to successfully deliver against our Power of Three ×2 growth plan and create ongoing value for all our stakeholders,” said CEO Calvin McDonald.

Outlook: For 2022, the company expects net revenue to be in the range of $7.865 billion to $7.940 billion.

Sept. 1, 2022: Genesco, Inc. (GCO)

Revenue: Net earnings in the second quarter of 2023 were $7.6 million, down from $10.9 million the same time last year.

Sales: Net sales of $535.3 million, a decrease of 4% from $555.2 million last year and an increase of 10% from $487 million in the second quarter of fiscal 2020, prior to the pandemic.

CEO Comments: “Strength from our Schuh and Johnston & Murphy businesses and careful expense control helped offset softness late in the quarter versus expectations at Journeys to deliver earnings ahead of projections,” CEO Mimi Vaughn said in a statement. “While we’ve seen nicely improved trends through August and we saw a good start to the back-to-school season, sales didn’t achieve levels contemplated in our previous guidance. With these current trends and in light of the current impact inflation is having on consumer discretionary spending we believe it’s prudent to take a more conservative approach to our back half outlook.”

Outlook: Sales for fiscal 2023 are now expected to be down 3% to flat, compared to FY22, versus prior guidance of up 1% to 3%.

Aug. 31, 2022: Designer Brands Inc. (DBI)

Earnings: Net income was $46.2 million. Diluted earnings per share was $0.62. Adjusted net income was $46.1 million, with adjusted diluted EPS of $0.62.

Sales: Net sales increased 5.1% to $859.3 million.

CEO Comments: “Our second quarter was a continuation of the strength we have seen in both our direct-to-consumer and wholesale channels and we were pleased with our topline results,” said CEO Roger Rawlins. “We are seeing this trend continue into the third quarter as our back-to-school season, a new holiday period for Designer Brands, has been performing well, supported by an increased assortment of athletic and kid’s products.”

Outlook: For 2022, the company expects diluted EPS between $2.05 and $2.15.

Aug. 25, 2022: Gap Inc. (GPS)

Earnings: Net loss in the second quarter of 2022 of $49 million.

Sales: Net sales of $3.86 billion, down 8% compared to last year.

CEO Comments: “We are taking actions to better optimize profitability and cash flow in the near term, reducing operating costs as well as impairing unproductive inventory,” Bob Martin, executive chairman and interim CEO at Gap Inc., said in a statement. “While our elevated inventory and pressured margins are current realities against unsettled market conditions, they do not define our ability to capitalize on Gap Inc.’s strengths to win.”

Outlook: Given the actions the company has underway and in midst of a CEO transition, combined with the uncertain macro-environment, the company is withdrawing its prior fiscal 2022 outlook.

Aug. 25, 2022: Hibbett (HIBB)

Earnings: Net income was $24.7 million, or $1.86 per diluted share.

Sales: Net sales decreased 6.3% to $392.8 million.

CEO Comments: “We were pleased with the resiliency of our consumer and the strong loyalty for our key brands. We believe some of our back-to-school sales shifted into the third quarter as consumers delayed shopping until closer to school start dates. As expected, margins were affected by continued high freight costs and the deleveraging of store and other fixed costs,” said CEO and president Mike Longo.

Outlook: Hibbett expects supply chain challenges to impact results but raised its guidance for the year. The company expects total net sales to increase in the low single digit range.

Aug. 25, 2022: Shoe Carnival, Inc. (SCVL)

Earnings: Net income in the second quarter of 2022 was $28.9 million, or $1.04 per diluted share. This is down from $44.2 million in the same time last year.

Sales: Net sales in Q2 were $312 million up 16.4% over 2019, but down 6% compared to 2021.

CEO Comments: “The Shoe Carnival team delivered exceptional profitability in a challenging economic environment,” said Mark Worden, president and CEO. “The nearly $2.00 of EPS earned during the first half of 2022 is greater than any full year earnings in our 44 years of operation except for last year’s stimulus boosted results.”

Outlook: Net sales for fiscal 2022 are expected to between $1.29 billion and $1.34 billion.

Aug. 23, 2022: Nordstrom, Inc. (JWN)

Earnings: Net earnings in the second quarter of 2022 was $126 million, up from $80 million the same quarter last year.

Sales: Net sales increased 12% to $3.991 billion versus $3.565 billion in the same period last year.

CEO Comments: “We delivered solid results in the second quarter, with topline growth, increased profitability and continued progress in our strategic initiatives,” said Erik Nordstrom, CEO of Nordstrom, Inc. “While our quarterly results were consistent with our previous outlook, customer traffic and demand decelerated significantly beginning in late June, predominantly at Nordstrom Rack. We are adjusting our plans and taking action to navigate this dynamic in the short term, including aligning inventory and expenses to recent trends, and we remain confident in our ability to deliver on our long-term strategic and financial goals.”

Outlook: The company now expects revenue growth for fiscal 2022 to increase 5% to 7% versus its previous outlook of 6% to 8% growth.

Aug. 23, 2022: Caleres (CAL)

Earnings: Net earnings in the second quarter of 2022 of $51.2 million, compared to net earnings of $37.4 million in the same period last year.

Sales: Net sales were $738.3 million, up 9.3% from the second quarter of fiscal 2021.

CEO Comments: “We demonstrated again that our versatile structure provides a significant and differentiating strength that, over the long term, enables Caleres to drive exceptional results in strong market environments while still generating attractive levels of profitability in difficult macro environments,” Diane Sullivan, chairman and CEO of Caleres, said in a statement.