All Financial results articles – Page 15
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ArticleFirst phase of Wolverine’s turnaround is complete
Wolverine Worldwide, the parent company of Merrell and Saucony parent, in reporting its fourth-quarter results, said the first phase of its turnaround strategy is completed with cost cuts and margin expansions as key highlights of the effort. However, the company continues to face macroeconomic uncertainties within retail and possible tariff ...
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Hermès’ Q4 sales rise nearly 18%
Hermès generated sales of €3.962 billion in the fourth quarter of 2024, up by 17.7 percent on a reported basis and 17.6 percent at constant exchange rates. In the full year, revenues amounted to €15.170 billion, up by 13.0 percent on a reported basis and 14.7 percent at constant ...
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BasicNet reports record revenue growth for 2024
BasicNet, the Italian parent company of K-Way, Kappa, Robe di Kappa, Superga and Sebago, reported record consolidated revenues of €409.2 million for 2024, a 3.1 percent increase from €396.8 million in 2023. The group also posted an all-time high Ebitda of €61.1 million, reflecting a 5.1 percent year-over-year growth. ...
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ArticleCrocs looks to international business to drive sales growth in 2025 and beyond
Crocs is looking to its international business to drive sales growth once again in 2025, as it also lays the groundwork for a new wave of expansion in its home market through diversification efforts away from its core clogs. In 2025, enterprise revenues for Crocs are expected to increase by ...
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Yue Yuen sees 2024 net profit up 55-60%
Yue Yuen is projecting a 55 to 60 percent increase in profits attributable to shareholders in 2024 from a profit of $274.7 million the previous year due to a “substantial rise” in branded customers demand for manufactured footwear. The group said that factor coupled with strong order fulfillment and a ...
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ArticleStuart Weitzman’s sales hit by softness in direct sales in Greater China and North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $69.7 million in the fiscal second quarter ended Dec. 28, down by a reported 15 percent year-on-year and by 16 percent at constant currency rates primarily due to softness in direct channels in Greater China ...
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ArticleJimmy Choo’s sales decline in Q3 and are expected to fall next year
Jimmy Choo posted a decline in sales and an operating loss for its fiscal third quarter, and the brand is expected to continue seeing flagging revenues and book a loss next year. In the three months ended Dec. 28, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted ...
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ArticleSkechers sees solid growth despite China challenges, forex headwinds
Skechers anticipates another year of solid growth in 2025, despite expectations of only a gradual improvement in the important Chinese market, along with foreign exchange and other headwinds. In 2025, Skechers projects sales of $9.70-9.80 billion, reflecting growth of about 8.7 percent at the midpoint, with foreign exchange headwinds seen ...
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ArticleBoot Barn raises guidance as it starts Q4 strongly, prepares to protect margins as tariffs loom
Boot Barn raised its guidance for the fiscal year ending in March 2025 after starting out the fourth quarter strongly. Management also indicated the company was prepared to take actions to protect margins in the face of tariffs on imports from Mexico and China, including passing a portion of the ...
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The Platform Group’s GMV rises 28% in 2024
The German e-commerce company The Platform Group (TPG), the owner of online footwear retailer Schuhe24 and other e-commerce platforms, said that it has exceeded its own forecast for 2024, driven by strong organic growth in the second half of the year, an increase in the number of partners, growth in ...
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ArticleFerragamo posts “encouraging” DTC sales in Q4
In the fourth quarter of 2024, Salvatore Ferragamo posted overall revenues of €291 million, down by a reported 6.7 percent and by 4.0 percent at constant exchange rates, partly due to a decline in the hedging cash flow to €0.2 million from €4.0 million a year earlier. Net sales in ...
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ArticleDeckers sees headwinds in Q4 after ‘superb’ Q3, winding down Koolaburra
Deckers Outdoor warned of headwinds in the fourth quarter of its financial year, after posting record earnings and sales in what management described as a “superb” third quarter. Sales in the third quarter ended Dec. 31 grew by 17.1 percent compared to the year earlier to $1.827 billion, with 16.6 ...
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ArticleH&M’s Q4 sales up 3% in local currencies
H&M Hennes & Mauritz’s net sales in the fourth quarter, ended Nov. 30, amounted to SEK 62.193 billion (€5.42bn), down from SEK 62.650 billion a year earlier. In local currencies, net sales increased by 3 percent. RBC Capital Markets’ analyst Richard Chamberlain pointed out that the fourth-quarter sales growth was ...
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ArticleVF Corp. transition for Vans’ business moving forward
VF Corp. will reveal more about its strategy for Vans at an investor day on March 6. In detailing third-quarter results, President and CEO Bracken Darrell said the company is continuing to expand into different forms of demand creation and action sports.
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LVMH’s sales improve in Q4
LVMH’s fashion and leather goods division posted revenues of €41.060 billion in 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 1 percent compared with a 5 percent decline in the third quarter. Profit from recurring ...
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ArticleDr. Martens’ US sales ‘on track’ for recovery despite weak Q3
Third-quarter sales at Dr. Martens staged a partial recovery, with the troubled US division “on track” for a return to positive growth as the British bootmaker held annual guidance despite deep discounting in Europe. Group revenues still fell 3 percent on a reported basis in the third quarter ended Dec. ...
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Zegna’s full-year revenues rise slightly
Ermenegildo Zegna’s 2024 revenues rose by 2.2 percent to €1.946 billion. Organic growth stood at 1.9 percent. Fourth-quarter revenues grew by 3.3 percent to €589 million, with organic growth of 2.9 percent. In the full year, sales in Europe, the Middle East and Africa (EMEA) rose by €680.3 million, with ...
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ArticleShoe Zone FY profits plunge on weak second half
A tough second half has hit annual results at Shoe Zone with unseasonal summer weather, poor store sales, declining consumer confidence and higher costs denting the bottom line of the British retailer. Pre-tax profit in the year to Sept. 28 plunged 38 percent to £16.2 million (€19.2m) after sales fell ...
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Caleres cuts its guidance after holiday sales disappoint
Caleres cut its sales and earnings guidance for fiscal year 2024 after reporting disappointing sales in the holiday season and into January, partially due to weather-related closures at some of its Famous Footwear stores. The US company is now expecting a 3.0 to 3.5 percent decline in full-year sales compared ...
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ArticleBoot Barn sees growth underpinned by store openings
Boot Barn expects sales growth to continue to be underpinned by store openings, as it approaches the halfway mark of a goal to have 900 stores operating in the US in the next four or five years. Jim Watkins, the Chief Financial Officer of the US footwear retailer, explained during ...
