All Financial results articles – Page 11
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ArticleAzzas 2154 sees modest growth in footwear sales in Q3
Azzas 2154, the Brazilian company formed earlier this year from the merger of Arezzo & Co and the apparel company Grupo Soma, reported modest growth in its footwear and accessories business in the third quarter of 2024, as solid growth in its direct-to-consumer (DTC) business was largely offset by lower ...
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Pollini’s sales decline slows down sharply in Q3
Pollini, the luxury footwear brand wholly-owned by the Italian fashion house Aeffe, posted sales of €23.6 million in the first nine months of 2024, down by 9.5 percent from a year earlier. The brand represented 11.4 percent of the group’s revenues, up from 10.3 percent a year earlier as it ...
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ArticleGeox reshapes distribution model in US and China as wholesale continues to drag on sales
Geox said it would close direct operations by the end of the year in both the US and China as it seeks to increase efficiency and better meet its distribution needs in what have so far proved to be marginal markets. The company said it intends to continue serving both ...
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ArticleBoohoo raises £39.3 m in fresh cash
Boohoo has raised £39.3 million (€47.0m), before fees and expenses, in fresh capital by issuing new shares at 31 pence per share (0.37 euro cents). The funds will be used to repay debt and provide the company with ”additional strategic flexibility.” The UK online fast fashion group collected the funds ...
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Alibaba's quarterly sales up 5%
In the fiscal second quarter ended Sept. 30, Alibaba posted revenues of 236.503 billion yuan renminbi (€33.0 billion) and income from operations of RMB 35.246 billion (€4.8 billion), both up by 5 percent year-over-year. The Chinese online retailer Alibaba said that diluted earnings per share grew by 69 percent to ...
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ArticleYue Yuen posts strong manufacturing but weak retail results
Yue Yuen, the world’s largest footwear manufacturer, generated strong manufacturing results in the first nine months of 2024. But the group’s retail arm, Pou Sheng Intl., suffered from soft sales momentum with weak traffic across various Chinese cities “amid a mixed consumption landscape.” Profit attributable to company owners rose ...
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ArticleSteve Madden fast tracks plan to cut Chinese production
Steve Madden said it is accelerating plans to reduce its reliance on manufacturing in China, amid expectations that Donald Trump will follow through on his pledge to slap hefty tariffs on imports from China after being re-elected on Nov. 5 to a second term as president of the United States. ...
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ArticleWolverine lifts its FY guidance
In the third quarter of 2024, Wolverine Worldwide, Inc (WWW) posted an operating income of $35.2 million, up by 29 percent from $27.3 million a year earlier. The gross margin soared by 4.50 percentage points to 45.3 percent from 40.8 on lower supply chain costs and end-of-life inventory sales. Net ...
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ArticleJimmy Choo’s sales rise and operating loss diminishes
In the fiscal second quarter ended Sept. 28, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $140 million, up by 6.1 percent on a reported basis and by 5.3 percent on a constant currency basis compared to the prior year driven by the wholesale channel. ...
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ArticleStuart Weitzman’s sales rise driven by North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $53.7 million in the fiscal first quarter ended Sept. 28, up by 2 percent year-on-year both on a reported basis and at constant currency rates, as growth in North America offset “softness” in Greater China. ...
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ArticleGolden Goose’s sales rise by 12% at constant exchange rates
In the first nine months of 2024, Golden Goose’s net revenues rose by 12 percent at constant exchange rates to €466 million, driven by direct-to-consumer (DTC) sales and the Europe, Middle East and Africa (EMEA) business region. The premium Italian sneaker brand achieved 49 percent of its revenues in EMEA, ...
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ArticleGrendene's Q3 revenues jump 10% despite decline in exports
Grendene’s gross revenues in the third quarter of 2024 grew by 10.0 percent compared to the year earlier to reach 926.5 million reais (€149.6m), fueled by the strength of its domestic market despite a consumption scenario the company said continues to be challenging. The group’s domestic sales rose by 13.2 ...
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News briefs
Alpargatas posts a Q3 profit
In the third quarte of 2024, the Brazilian group Alpargatas reported a net income of R$57.3 million reais (€8.8m) against a loss of R$8.5 million a year earlier. The gross margin widened by 7.10 percentage points year-over-year to 47.7 percent as total sales increased by nearly 16 percent to ...
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ArticleAllbirds signs distribution agreements for Europe and Latin America
Allbirds has signed agreements with distributors in Europe and Latin America as part of the expansion of its international distributor model. Effective July 1, 2025, Chris Sports will be the exclusive Allbirds distributor across Austria, France, Germany, Italy, Liechtenstein and Switzerland. Chris Sports, founded 30 years ago, is based in ...
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Vulcabras’ profit rises 35 percent in Q3
For Vulcabras, the Brazilian footwear group, net income increased by 35 percent to 172.2 million Brazilian reais (€27.3m) as Ebitda margin expanded by 0.90 percentage points to 25.1 percent in the quarter ended Sept. 30. Gross margin inched up by 0.20 percentage points to 43.1 percent from 42.9 percent. Shipped ...
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ArticleWeyco sales slump amid lower demand, warm weather
Weyco generated sales of $74.3 million in the third quarter of 2024, down by 12 percent compared to the year earlier, driven by sharp declines in the wholesale business for its Nunn Bush, Stacy Adams and Bogs labels amid soft consumer demand as consumers made cuts in discretionary spending. Net ...
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ArticleAsos’ loss widens as sales fall by 16% like-for-like
In the full year ended Sept.1, Asos’ adjusted revenues fell by 16 percent like-for-like to €2.896 billion (€3.450bn), in line with the guidance given in September. On a reported basis, the top line was down by 18 percent to £2.906 billion. The gross margin dipped to 43.4 percent from 44.2 ...
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ArticlePrimark sees 2025 sales up by about 5%
Primark is targeting a mid-single-digit sales growth rate in the fiscal year ending in September 2025 as it continues to open stores in growth markets in Europe and the US and to focus on an increase in like-for-like sales in more mature markets. ”This will be supported by investment in ...
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ArticleZalando swings to a third-quarter profit
Zalando posted a net profit of €44.3 million in the third quarter of 2024 against a net loss of €8.2 million a year earlier, driven by higher revenues and operating profits. The gross merchandise volume (GMV) rose by 7.8 percent to €3.5 billion and revenues increased by 5.0 percent to ...
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News briefs
BasicNet’s 9-month Ebitda dips by 9%
BasicNet, the Italian parent of Kappa, Robe di Kappa, Superga and Sebago, realized a 9.1 percent decline in nine-month Ebitda to €40.6 million from €44.7 million a year earlier. Nine-month Ebit slipped by 16.4 percent to €26.9 million. Consolidated nine-month revenues declined by 0.5 percent to €296.1 million from ...
