All Financial results articles – Page 13
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News briefs
Ferragamo expects €70-90m in impairments
Salvatore Ferragamo expects to book between €70 million and €90 million in asset write-downs on its 2024 results due to the slowdown affecting the luxury goods market. The final amount of the write-downs will be defined during an impairment test to be made by March 2025. The impairments will not ...
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ArticleDr. Martens sees early signs of recovery in US as new products sell well
Dr. Martens reported signs of “encouraging” trading since the start of the autumn/winter season, with new products selling well in the US, despite the troubled footwear maker swinging to a loss for the half year on weak demand across all regions. The outgoing Chief Executive, Kenny Wilson, said the company ...
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ArticleShoe Carnival accelerates store rebranding as hurricanes, warm weather hurt Q3 sales
Shoe Carnival is accelerating with plans to rebrand some of its Shoe Carnival stores into the higher-priced Shoe Station banner, after the success of an initial 10 stores that have made the switch. The company said it is expanding its store rebranding strategy to an additional 25 stores in the ...
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ArticleGolden Goose’s adjusted Ebit rises 8%
In the first nine months of 2024, Golden Goose’s adjusted Ebitda rose by 11 percent to €163 million, resulting in an Ebitda margin of 35.0 percent against 34.9 percent a year earlier. Meanwhile, adjusted Ebit was up by 8 percent to €118.5 million. The premium Italian sneaker brand reiterated that ...
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ArticleFast growth in footwear operations helps drive sales at Coats
Coats expects full-year results to be in line with expectations and forecasts an operating margin of around 18 percent, driven by strong sales growth in its footwear and apparel operations. Sales growth for the British group, which produces industrial threads and components for footwear, improved to 11 percent at constant ...
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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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News briefs
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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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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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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News briefs
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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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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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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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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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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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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News briefs
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 ...
