All Financial results articles – Page 17
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ArticleAllbirds confirms FY guidance as Q1 sales plummet
In the first quarter of 2024, Allbirds’ net revenues decreased by 27.6 percent to $39.3 million primarily due to lower overall demand, as well as the impact of the transition to distribution models in some foreign markets and store closures in the US. The company has completed the transition to ...
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ArticleArezzo’s sales lifted driven by e-commerce and own stores
Arezzo & Co posted gross revenues of 1,358 million Brazilian reais (€244.2m) in the first quarter of 2024, up by 5.6 percent compared to the year earlier driven by e-commerce and own stores. The number of shoes sold rose by 1.3 percent year-on-year to 4.653 million pairs the three-month period, ...
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ArticleFerragamo’s Q1 sales decline sharply
Salvatore Ferragamo’s first-quarter revenues fell by 18.3 percent to €227 million, with sharp declines in all regions and missing market expectations by about €3 million. At constant exchange rates, the drop was limited at 16.6 percent. Net sales, which exclude certain revenues such as licenses, dropped by 19.2 percent as ...
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ArticleWolverine starts to see the signs of a turnaround
In a self-proclaimed “transition year,” Wolverine Worldwide is beginning to witness ”proof points” of its efforts to turn around its business. These developments in the first quarter, when the company exceeded Wall Street’s revenue expectations, included higher gross margins, less promotion in the direct-to-consumer channel, a sharply lower inventory level, ...
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ArticleStuart Weitzman books lower sales and a loss in Q3
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $56.1 million in the fiscal third quarter ended March 30, down by 18 percent year-on-year on a reported basis and by 17 percent at constant currency rates. During the quarter, the brand posted an operating ...
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ArticleWeyco posts weaker sales but expects an improvement in H2
Weyco’s net sales in the first quarter of 2024 dropped by 17 percent year-on-year to $71.6 million, driven by the Bogs brand in the North American wholesale channel. “Although we expect sales to remain soft through the second quarter, we are optimistic that demand will improve in the back half ...
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ArticleBoohoo losses widen as Shein, weak demand hit revenues globally
Boohoo, the British online fashion retailer which is facing competition from rival Shein, weak demand and high return rates, reported wider annual losses after revenues fell by 17 percent. Boohoo posted a loss before tax of £160 million (€186.6m), compared with a £90.7 million loss a year earlier. Adjusted Ebitda ...
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News briefs
Zalando posted an operating profit in Q1
Zalando said that adjusted Ebit in the first quarter rose to a positive €28.3 million, representing a margin of 1.3 percent, compared to a negative €0.7 million in the prior-year period. “The substantial improvement in profitability was driven by lower fulfilment costs and successful inventory management, leading to an improved ...
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News briefs
Lowa's 2023 sales slip slightly
Lowa’s production volume was stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly the ...
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News briefsNext warns on Q2 but confirms FY guidance
Next said first-quarter sales came in ahead of forecasts and maintained its guidance for the full year but warned that the next three months would be weaker due to wet spring weather. Full-price sales in the thirteen weeks to April 27 were up by 5.7 percent year on year, slightly ...
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ArticleSteve Madden’s Q1 sales lifted by Europe
In the first quarter of 2024, Steve Madden posted a 19.1 percent growth in revenues to $552.4 million. Almost Famous, the business the group bought in October 2023 to expand its apparel business, contributed $41 million in revenues during the quarter. Excluding Almost Famous, revenues rose by 10.3 percent. Steve ...
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ArticleRocky Brands' Q1 sales lifted by Durango and Xtratuf
Bolstered by double-digit sales increases for its Durango and Xtratuf footwear brands, Rocky Brands reported a 2.2 percent jump in first-quarter revenues to $112.9 million from $110.4 million. Excluding Servus, a brand divested in March, sales rose by 7.6 percent year-over-year. First-quarter wholesale sales were $79.8 million compared to $80.1 ...
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ArticleSkechers raises sales, profit guidance for 2024 as wholesale sales recovery kicks in
Skechers expects its sales will rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its direct-to-consumer (DTC) business. The guidance is ...
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News briefs
Hermès’ sales beat market expectations
Hermès’ revenues amounted to €3,805 million in the first quarter of 2024, up by 12.6 percent at current exchange rates and by 17.0 percent at constant exchange rates from the previous year with growth in all geographical areas. The top line beat market expectations by about €120 million. Sales of ...
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News briefs
Zegna weighed down by Thom Browne
Ermenegildo Zegna’s revenues stood at €463.2 million in the first quarter, up by 8.1 percent year-on-year. The top line was up by 10.7 percent at constant currency but fell by 5.3 percent on an organic basis. Revenues for the Zegna segment amounted to €324.9 million, up by a reported 1.7 ...
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News briefs
Diadora’s sales totaled €304m in 2023
Diadora’s sales totaled €304 million in 2023, a year during which the Italian brand terminated some commercial partnerships to focus on its core categories: running, tennis and soccer. Sales for the core categories were up by 16 percent compared with 2022, according to the daily Il Sole 24 Ore. The ...
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ArticlePrada Group’s sales driven higher by Miu Miu
In the first quarter of 2024, Prada Group’s revenues rose by 11 percent to €1,187 million, driven by the Miu Miu brand and beating market expectations by nearly €50 million. At constant exchange rates, the top line was up by 16 percent. Retail sales totaled €1,071 million, up by 12 ...
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ArticlePrimark’s sales, earnings rise
A strong rise in half-year profits at Primark helped Associated British Foods (ABF), the parent company of the fast-fashion retailer, lift its annual earnings guidance. Primark’s revenues rose by 7.5 percent to £4.5 billion (€5.23bn), while adjusted operating profit – the company’s preferred measure – was 46 percent higher at ...
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ArticleGolden Goose’s revenues rise 11% in Q1
Golden Goose said that in the first quarter of 2024 revenues rose by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates, while “maintaining strong margins.” Revenues of the direct-to-consumer channel grew by a reported 18 percent and 20 percent at constant exchange rates, ...
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News briefs
Stella sales up nearly 19% in Q1
Stella International reported an 18.9 percent increase in consolidated first-quarter revenues to $338.4 million from $284.6 million a year. Revenues from manufacturing grew by 17.6 percent to $326.3 million. Shipment volume increased by 21.9 percent year-over-year, led by the sports category, to 11.7 million pairs. However, the average selling price ...
