What changed
Q2 FY27 adjusted EPS of $0.26 rose from $0.25 last year. Revenue fell 10% YoY to $554M. FY27 adjusted EPS guidance was raised to $2.20-$2.30, with Q3 FY27 guided to $1.35-$1.45. Gross margin expanded 440 bps to 45.2%, driven by price increases and mix shift toward higher-margin owned brands.
Why it matters
Q2 FY27 adjusted EPS of $0.26 rose from $0.25 last year. Revenue fell 10% YoY to $554M. FY27 adjusted EPS guidance was raised to $2.20-$2.30, with Q3 FY27 guided to $1.35-$1.45. Gross margin expanded 440 bps to 45.2%, driven by price increases and mix shift toward higher-margin owned brands.