Alibaba does not provide guidance due to Covid uncertainty
The Chinese e-commerce group Alibaba did not provide a guidance for the full year ending in March 2023 due the uncertainty generated by the re-emergence of the Covid-19 pandemic in China which has been affecting its domestic business.
Caleres hikes sales, earnings outlook after record Q1
Caleres raised its guidance for revenues and profits for the full year after posting its best-ever first quarter for sales, gross margin and earnings.
Deckers’ FY revenues top $3 bn for first time, Hoka set to surpass $1 bn
Net income rose by 106 percent to $68,819,000 from $33,458,000 for the three months ended March 31 as total revenues grew by 31 percent to $736.0 million from $561.2 million. Operating income rose to 11.0 percent from 10.1 percent. Deckers Brands’ gross margin declined to 48.7 percent from 53.2 percent, ...
Arezzo & Co posts best Q1 sales ever
Arezzo & Co posted record sales for a first quarter, with gross revenues reaching 1,042 billion Brazilian reais (€200.7m), up by 64 percent from the previous year and by 125 percent compared with the first quarter of 2019.
Shoe Carnival returns to a normal product sales split
Shoe Carnival saw a return to retail normality in the fiscal first quarter, as the sales split moved back to the pre-pandemic division of 50 percent athletic and 50 percent non-athletic footwear. As expected, sales and earnings dipped in the three months ended April 30, as the U.S. retail chain’s ...
Shoe Zone resumes dividend distribution after paying back Covid loan
Shoe Zone reinstated dividend payments after having fully paid off the outstanding balance of 4.4 million pounds (€5.2m) of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The scheme was launched to during the Covid-19 pandemic to help medium and large sized businesses access loans and other kinds of finance ...
Geox confirms sales outlook despite Ukraine conflict
Geox confirmed a full-year target for sales of over €700 million after posting strong and accelerating growth in the year to date, although it warned the target could be challenging should there not be a rapid resolution to the conflict in Ukraine and highlighted persistent pressures on margins due to ...
Stuart Weitzman sales continue to recover
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, posted in the third quarter ended April 2 sales of $63.9 million, up by 11 percent on a reported basis and 10 percent at constant currency rates. Digital sales represented 20 percent of quarterly revenues.
Yue Yuen's profit dips on retail drag
Yue Yuen Industrial reported a 10.8 percent drop in first-quarter net profit to $97.1 million compared to $108.4 million in the year-ago period ended March 31, as growing manufacturing capacity was overshadowed by weak sales at its Pou Sheng Intl. retail subsidiary due to the resurgence of Covid-19 in mainland ...
Hotter Shoes posts double-digit rise in Q1 sales but warns of ‘challenging’ year
The British retailer Hotter Shoes reported a double-digit increase in first-quarter sales and maintained its annual guidance, but warned of challenging conditions for the rest of the fiscal year.