Consensus $10.90. Raises FY23 revenue view to $7.77B-$7.84B from $7.6B-$7.7B, consensus $7.74B. "We’re raising our full-year guidance with confidence in the sustainability of an annual double-digit non-GAAP operating margin, which reflects current business trends and is now inclusive of Blue Nile," said Joan Hilson, chief financial and strategy officer. "We are entering this Holiday season with the healthiest and most consumer-inspired inventory in our history — down 2% despite tiering up our Accessible Luxury offering and with clearance at the lowest levels since our transformation began, excluding acquisitions. Today, nearly all of our inventory is immediately available to customers whenever, wherever and however they choose to browse, shop and buy with us which is driving inventory turns nearly double pre-transformation levels."
Published first on TheFly
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