Report
Cedric Rossi

Fashion & E-Commerce: Q2 FY20 earnings beat forecasts but prudent margin outlook

Fashion & E-Commerce
Q2 FY20 earnings beat forecasts but prudent margin outlook

Q2 sales topped CS expectations despite poor US trends
Q2 EPS beat thanks to a significant reduction in demand creation
FY outlook confirmed but cautious GM guidance over Q3
Robust trends in China and Europe but ADS is about to react…
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Cedric Rossi

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