All Financial results articles – Page 14
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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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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 ...
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ArticleDune London’s parent company posted a full-year loss
Dune Topco, the parent company of the British footwear retailer Dune London, posted a loss in the full year ended Jan. 27, 2024, due to a difficult business environment. In the full year, sales were virtually unchanged, rising to £142.0 million (€169.4m) from £141.5 million the previous year, with like-for-like ...
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ArticleRocky Brands sees FY sales falling to low end of guidance
Rocky Brands expects sales for the full year to come in at the low end of its $450 million to $460 million guidance range, down slightly from the $461.8 million reported last year, following a decline in third-quarter sales and amid expectations it will not be able to completely make ...
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ArticleCrocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows
Crocs Inc. posted better-than-expected results in the third quarter ended Sept. 30, but management acknowledged that a turnaround at its Heydude brand is taking longer than expected, and it has become more cautious on prospects for China this year. As a result, the company now anticipates full-year sales growth at ...
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News briefs
Prada’s 9-month sales rise 18% in local currencies
In the first nine months of 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €3,829 million. At constant exchange rates, the top line grew by 18 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 15 percent at actual exchange ...
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Next hikes its profit guidance again
Next said that in the 13 weeks to Oct. 26, corresponding to its third quarter, full-price sales were up by 7.6 percent year-on-year and 2.6 percentage points ahead of its guidance. “We believe the strong performance was driven by the early arrival of colder weather this year, versus an unusually ...
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ArticleBoot Barn raises FY guidance as the CEO prepares to leave
Boot Barn said it was off to a “solid start” in its fiscal third quarter and raised its guidance for the full year in the wake of better-than-expected results for the second quarter ended Sept. 28. The strong showing came as Jim Conroy, the CEO and President, announced he was ...
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Yue Yuen sees full-year net profit up by 140-145%
Yue Yuen expects its attributable net profit to increase by 140 percent to 145 percent in the first nine months of 2024, compared to the $137.7 million posted a year earlier. In the first half of 2024, the world’s largest footwear manufacturer saw the profit attributable to company owners grow ...
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ArticleVF Corp.’s turnaround continues to take shape
VF Corp. continues to make progress on its turnaround plan, delivering sequential sales improvement, a year-over-year increase in gross margin, and a 13 percent reduction in inventories in the second quarter that ended September 30.
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ArticleSkechers sees India rebound as China stumbles in Q3
Skechers’ revenues in India jumped by 24 percent in the third quarter of 2024, rebounding after suffering in the previous quarter in the face of changing regulatory requirements, while sales in the Chinese market declined by 5.7 percent to $252.4 million as an economic slowdown in that market affects consumer ...
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ArticleDeckers raises guidance as Hoka continues to shine in better-than-expected Q2
Deckers Outdoor raised sales and profit guidance for its full financial year as growth at its Hoka brand accelerated and it announced better-than-expected group results in the second quarter ended Sept. 30. Second-quarter revenues increased by 20.1 percent to $1.31 billion, above a $1.20 billion analyst consensus, with growth continuing ...
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News briefs
Hermès’ sales up over 10% in Q3
Hermès generated sales of €3.704 billion in the third quarter of 2024, up by 10.1 percent on a reported basis and 11.3 percent at constant exchange rates. All regions showed growth, despite a “particularly high” comparison base in Europe and Asia Pacific. In the first nine months of the year, ...
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ArticleBoohoo’s CEO steps down
Boohoo’s CEO, John Lyttle, is stepping down after five years with the British fast fashion online retailer. He will continue to work with the leadership team and the board over the coming months while a successor is found and to ensure a smooth transition, the company said. Boohoo added that ...
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News briefs
Piquadro H1 sales up slightly
The Italian bag and leather goods manufacturer Piquadro generated revenues of €87.8 million in the first half ended Sept. 30, up by 2.1 percent compared to the year earlier. All group brands saw growth, with sales at the Piquadro brand up by 0.8 percent to €39.8 million, sales at The ...
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News briefs
LVMH continues to post weak sales
LVMH’s fashion and leather goods division posted revenues of €29.922 billion in the first nine months of 2024, down by a reported 3 percent year-over-year and down by 1 percent organically. In the sole third quarter, organic sales dropped by 5 percent. Sales for the whole French luxury-goods conglomerate were ...
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ArticleFerragamo issues a profit warning
In the wake of third-quarter results, Salvatore Ferragamo warned that it expects its full-year operating result to be at the lowest end of analysts’ estimates due to persisting uncertainties over demand by luxury consumers. The brokerage Equita noted that the Italian luxury goods group now expects a full-year Ebit of ...
