All Financial results articles

  • News briefs

    Yue Yuen turned around in Q1

    2021-04-30T14:38:00Z

    Yue Yuen Industrial estimates that it made a net profit of between $80 million and $90 million in the first quarter, against last year’s pandemic-triggered loss of $56 million for the period. The world’s largest shoe producer says it has enhanced the utilization and efficiency of its manufacturing operations, ...

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    Article

    Steve Madden beats its own expectations in Q1

    2021-04-30T07:47:00Z

    Steve Madden beat its own expectations in the first quarter of 2021 with revenues increasing by 0.5 percent to $361.0 million and a net income of $21.2 million, or $0.26 per diluted share, compared to net loss of $17.5 million, or $0.22 per diluted share, a year earlier. ...

  • crocs
    Article

    Crocs ups guidance after rising by over 60% in Q1

    2021-04-29T15:10:00Z

    Raising its guidance for the full financial year after a very strong first quarter, Crocs predicted that its revenues will grow by between 40 and 50 percent in 2021 from last year’s level of $1,386 million, up from its previous forecast of 20-25 percent growth. Posting the third ...

  • Stella
    Article

    Stella bounces back in Q1

    2021-04-26T10:04:00Z

    In a business update, Stella International said revenues for the first quarter increased by 15.3 percent to $303.4 million. This is mainly due to a favorable comparison base with last year’s first quarter, when the Chinese company’s revenues were affected by store and factory closures, as well as lower ...

  • News briefs

    Hermès’ leathergoods sales up by 18% in Q1

    2021-04-25T16:11:00Z

    The revenues of the French luxury goods group Hermès totaled €2,084 million in the first quarter, an increase of 44 percent year-on-year at constant exchange rates and 38 percent at current rates driven by Asia. The organic revenue growth was 33 percent. At constant currency rates, sales in ...

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    Article

    Skechers is boosted by international wholesale and digital

    2021-04-25T08:22:00Z

    Lifted by robust international demand, Skechers ’ revenues jumped by 15.0 percent in the first quarter to a record level of $1,428.4 million, as compared to a year ago. Sales outside of the U.S. soared by 20.2 percent to represent 58 percent of the total turnover. In particular, the ...

  • Kering
    News briefs

    Kering Q1 comparable sales up 25.8%

    2021-04-21T16:03:00Z

    Kering ’s revenues rose by 21.4 percent year-over-year in the first quarter to €3,890 million, with comparable sales up by 25.8 percent driven by Asia-Pacific and North America. The top line grew by 5.5 percent at constant exchange rates against the first quarter of 2019. Comparable revenues generated ...

  • Sequential Brands
    Article

    Sequential Brands cannot comply with its covenants

    2021-04-18T16:08:00Z

    Sequential Brands , a U.S. group that has a portfolio of consumer brands including Heelys , Avia and DVS , said that it is not expected to be able to comply over the next twelve months with certain of its financial covenants. It noted that if it fails ...

  • News briefs

    JD Sports Fashion posts resilient results

    2021-04-18T08:48:00Z

    J D Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021 despite the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before exceptional items and taxes of 421.3 ...

  • News briefs

    Big monthly sales jump for Yue Yuen

    2021-04-15T09:53:00Z

    Yue Yuen Industrial Corp. reported a 30 percent jump in total revenues to $870.9 million for the month of March as compared to a year ago, when the novel coronavirus pandemic shut down its manufacturing and retail operations in China. Revenues from manufacturing and retailing were up by 12 ...

  • News briefs

    LVMH fashion and leather goods sales surge in Q1

    2021-04-14T16:33:00Z

    Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 52 percent in the first quarter. On a reported basis, quarterly sales for the division were up by 45 percent to a record €6.738 billion. The group as a whole posted ...

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    Article

    ​Asos posts record profits on lockdown shopping boom

    2021-04-08T16:32:00Z

    In the first half ended Feb. 28, the British online retailer Asos more than tripled pre-tax profits to a record £106.4 million (€122.8m-$145.8m) and raised full-year expectations as it continues to benefit from the Covid-19 pandemic. While the switch to online shopping during lockdowns boosted trading, Asos was ...

  • Article

    Daphne International cuts its net loss as it changes business model

    2021-04-05T13:43:00Z

    The women’s footwear company Daphne International Holdings ended 2020 with a 77 percent reduction of its net loss to 242.0 million Hong Kong dollars (€26.5m-$31.1m) as an 83 percent drop in revenues to HK$ 363.9 million (€39.9m-$46.8m) resulted in a sharp fall in selling and distribution expenses as well ...

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    Article

    ​H&M March sales up by 55%

    2021-04-02T09:08:00Z

    In the period from March 1-28, Hennes Mauritz ( H M )’s net sales increased by 55 percent in local currencies, recovering from a 21 percent decline in the first quarter that ended Feb. 28. On a reported basis, the Swedish fashion and accessories retailer H ...

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    Article

    Record sales and earnings for Shoe Carnival

    2021-03-31T16:45:00Z

    Shoe Carnival had its best fourth quarter ever, with revenues reaching $253.9 million in the three months ended Jan. 30, 2021, a 5.8 percent increase from the year-ago quarter. Comparable-store sales increased by 6.4 percent. The American shoe retailer improved its gross margin by 1.7 percentage points to ...

  • News briefs

    ​Liu Jo’s footwear sales reach €45 million

    2021-03-29T08:37:00Z

    Eli , the company that manages the footwear of the Italian apparel brand Liu Jo, posted sales of €45 million in 2020, up by 33 percent from 2019. Fifty-five percent of the top line was achieved outside Italy, driven by strong growth in Russia, Belgium, Germany and Eastern Europe. ...

  • Pittards logo
    Article

    Pittards posts operating profit in H2

    2021-03-25T12:19:00Z

    Pittards , the British leather and leathergoods manufacturer, which owns the brand Daines Hathaway , posted a positive Ebitda of £0.3 million (€0.35m-$0.41m) in the second half of 2020, albeit down from £0.9 million (€1.0m-$1.2m) a year earlier. For the whole of 2020, the company posted a negative ...

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    Article

    Yue Yuen posts losses despite retail rebound

    2021-03-25T07:06:00Z

    Although China is resisting the pandemic much better than other markets, Yue Yen Industrial Holdings ended 2020 in the red, hampered by the global decline in the demand for shoes, especially in the casual segment. The company was strongly impacted by government measures to contain the spread of the ...

  • News briefs

    Aeffe posts a €21.4m net loss

    2021-03-22T09:16:00Z

    In 2020, Aeffe , the Italian fashion house that owns Pollini and other brands, posted a net loss of €21.4 million against a net profit of €11.7 million a year earlier due to the impact of the Covid-19 pandemic. The adjusted net loss, which excludes non-recurring costs of €5.1 ...

  • tempe
    News briefs

    Tempe’s sales fell to below €1 billion in 2020

    2021-03-22T09:15:00Z

    Last year, for the first time since 2014, Tempe posted annual sales of less than €1 billion due to the impact of the Covid-19 pandemic. The company booked revenues of €997 million, down by 28.7 percent from 2019, and a net profit of €62 million. The gross margin ...