All Financial results articles – Page 10
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ArticleC-Suite interview: Valleverde expects stable revenues in 2025 and calls for European import duties
Valleverde is one of Italy’s most famous footwear brands with a presence of more than 40 years in its home market. Known for its comfort shoes and television commercials with the American actor Kevin Costner, Valleverde nevertheless filed for bankruptcy protection at the end of 2013. After six bankruptcy auctions ...
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ArticleSpartoo’s sales drop but its cash flow improves
In 2024, Spartoo suffered a 7.7 percent decline in gross merchandise value (GMV) to €184.7 million, resulting in an 8.7 percent drop in revenues to €130.5 million. The French omnichannel fashion retailer generated €114.9 million of its GMV in France, down 6.9 percent year-over-year, and €69.8 million abroad, down by ...
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News briefs
Shoe Carnival hikes its dividend
Shoe Carnival increased its quarterly dividend by 11.1 percent to $0.15 per share, bringing the annualized dividend rate to $0.60 per share. The quarterly cash dividend will be paid on April 21 to shareholders of record as of the close of business on April 7. “This marks our 52nd consecutive ...
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ArticleDesigner Brands resumes comparable sales growth in Q4, sees more ahead in FY25
Designer Brands expects to see profitable sales growth in the current fiscal year despite signs of consumer caution, after it returned to comparable sales growth in the fourth quarter ended Feb. 1 for the first time in nine quarters. The company, which owns the DSW chain, The Shoe Company and ...
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ArticleStella’s operating income rises 15.7% in 2024
Stella International Holdings improved its operating profit margin, shipping volumes, and revenues for the 12 months ended Dec. 31, surpassing the dual targets of its three-year strategic plan. Stella’s annual operating income rose 1.20 percentage points to 11.9 percent, fueled by an expanded and diversified customer portfolio and the relocation ...
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News briefs
Tempe's earnings surge by 44%
In fiscal 2024, Tempe increased its revenues by 7 percent to €1,614 million, while net profits grew by 44 percent to €205 million. Founded in 1989, Tempe is 50 percent owned by Inditex. The remainder of the capital is in the hands of Promociones Azarbe, the holding company of the ...
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ArticleCaleres sees sales continuing to fall in Q1 amid consumer headwinds, retailer caution
Caleres expects sales in the first quarter of fiscal year 2025 to fall by 5-6 percent compared to the year earlier, a result encompassing the “very challenging business” it saw in February and an improvement in the first three weeks of March. Earnings per diluted share for the quarter are ...
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ArticleShoe Carnival ramps up Shoe Station rebannering plans
Shoe Carnival announced plans to convert some 175 stores to its higher-priced Shoe Station banner in the next 24 months, in an aggressive rebannering strategy that will see Shoe Station grow to represent a majority of its store fleet and is expected to give a significant mid-term boost to both ...
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News briefs
Asos sees H1 revenues in line, adjusted Ebitda ahead of consensus
Asos expects first-half revenue growth to be in line with market consensus and adjusted Ebitda ahead of expectations. The company-compiled consensus for the first half based on nine contributors indicates total sales growth at constant exchange rates of down 13 percent, adjusted Ebitda of £34 million (€41m) and an adjusted ...
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News briefs
Aeffe’s footwear and leather goods sales decline in 2024
In 2024, the revenues of Aeffe’s footwear and leather goods division amounted to €106.2 million, down by 25.3 percent, both at constant and current exchange rates, compared to 2023. The division comprises the luxury footwear brand Pollini. The adjusted Ebitda of the footwear and leather goods division was €7 million ...
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ArticleAllbirds banking on new assortments, initiatives to fly high again in late 2025
Allbirds believes new product assortments in the fall will bolster its fortunes and topline starting in the fourth quarter of 2025 after a transitional year in 2024. The San Francisco-based group reduced its fourth-quarter operating loss by 55 percent to a loss of $25.8 million from a loss of $57.6 ...
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ArticleGolden Goose’s sales accelerate in Q4
In 2024, Golden Goose’s net revenues rose by 13 percent at constant exchange rates to €654.6 million. In the sole fourth quarter, the top line was up by 14 percent to €188.6 million. Full-year direct-to-consumer (DTC) net revenues reached €503.6 million, accounting for 77 percent of total turnover and growing ...
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ArticleAzzas 2154’s footwear sales growth accelerates as DTC shines and franchise sales recover
The footwear and accessories business of the Brazilian footwear and apparel group Azzas 2154 reported gross revenues of 1,332.7 million reais (€210.0m) in the fourth quarter of 2024, up by 4.5 percent compared to the year earlier and accelerating from the 3.2 percent growth seen in the previous quarter, as ...
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ArticleBoohoo to rebrand as Debenhams in bid to arrest sales slump
Boohoo is rebranding as Debenhams Group as part of new Chief Executive Dan Finley’s plans to turn around the fortunes of the British online fast fashion amid an ongoing tough trading environment. Boohoo said Debenhams, which it bought out of administration after its collapse in 2021, was now growing rapidly ...
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ArticleInditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent. But, sales growth slowed down in the opening weeks of the new fiscal year. In fiscal ...
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ArticleYue Yuen reports improved FY results on manufacturing rebound
Yue Yuen posted a 47 percent increase in 2024 Ebit to $572.1 million versus $390.2 million in 2023. Net profit attributable to owners of the Chinese group rose by 43 percent to $392.4 million from $274.7 million. Annual operating costs contracted by 4.9 percent or $75.1 million. Annual revenues grew ...
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ArticleGenesco sees steady sales as store closures, remodels continue to be a focus
Genesco expects sales in fiscal year 2026 to be flat to up 1 percent compared to the $2,325 million it reported in fiscal year 2025, as it continues with plans to close underperforming stores and remodel a sizeable portion of its fleet of Journeys stores amid that banner’s accelerating turnaround. ...
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ArticleTecnica Group’s FY sales slip, Lowa outperforms
Tecnica Group, an Italian manufacturer of outdoor footwear and winter sports equipment, reported full-year revenues of €517 million, reflecting a 4 percent year-over-year decline, but saw a recovery in the fourth quarter. Adjusted Ebitda stood at €79 million, down 13.5 percent from 2023, while net profit remained steady at €25.2 ...
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ArticleGeox’s sales fall nearly 8% in 2024
In 2024, Geox’s sales fell by 7.8 percent to €663.8 million, driven lower by the wholesale business and store closures. At constant exchange rates, the top line was down by 7.1 percent. In the fourth quarter alone, group sales rose by a reported 0.5 percent to €138 million. For the ...
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ArticleCoats upgrades targets as footwear sales, earnings stride ahead
Coats upgraded its medium-term targets as it reported a jump in annual earnings, driven by its footwear and apparel divisions. The pre-tax profit of the British industrial thread and shoe component maker jumped to $172.1 million from $155.8 million a year earlier. Operating profit increased to almost $200 million from ...
