All Financial results articles – Page 19
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ArticleDeckers raises sales and earnings guidance after better-than-expected Q3
Deckers Brands raised its sales and earnings guidance for the full financial year after revenues in the third quarter ended Dec. 31 rose by 13.3 percent to $1,346 million, beating analysts’ expectations for a top line of about $1,250 million and supported by a near doubling in sales of the ...
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ArticleSkechers looks to produce in India as Q4 sales jump 14%
Skechers said it is planning to begin production in India, one of its fastest growing markets in the Asia Pacific region. Sales in the country displayed “particular strength” in the fourth quarter of 2022, as the company’s overall top line jumped by 13.5 percent to $1,878.8 million billion to reach ...
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ArticleLloyd reports strong sales increase, expects to return to pre-Covid sales in 2023
Lloyd Shoes posted a strong sales growth in 2022 and anticipates a bright year ahead. The German shoe maker recorded a 47 percent increase in sales in 2022 to €114.95 million, driven by improvements across all business areas, and expects to return to pre-pandemic sales levels in the current ...
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ArticleGeox eyes operating profit as 2022 sales jump 21%
Geox said it expects to post an operating profit in 2022 after three years in the red, as it benefits from higher-than-expected sales and a restructuring that has allowed it to cut costs and channel investments to more strategic areas of its business. According to preliminary figures from the Italian ...
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News briefs
Castañer’s FY sales rise 25%
Castañer posted a 25 percent increase in revenues to €24 million in 2022, lifting the top line of the Spanish footwear company back to pre-Covid-19 levels. The company noted that online sales grew by more than 20 percent year-over-year.
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LVMH’s FY fashion and leather goods organic sales up 20%
LVMH saw organic sales of its fashion and leather goods division rise by 20 percent in 2022. On a reported basis, the division of the French luxury goods conglomerate posted increased sales by 25 percent to €38.648 billion. The division’s full-year profit from recurring operations grew by 22 percent to ...
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News briefs
Aku posts 28.6% sales growth in 2022
Aku posted revenues of €29.2 million in 2022, representing a 28.6 percent increase from the previous year, primarily driven by international sales. Export accounted for 82 percent of the company’s sales. Europe recorded a 14 percent sales increase, while Asian sales jumped by 99 percent. In 2022, the Italy-based outdoor ...
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ArticleBoot Barn continues with openings as new stores drive 6% Q3 sales growth
Boot Barn expects to open 10 more stores in the fourth quarter ended April 1, 2023, bringing new openings in the full financial year to 43, as it sets its sights on expanding its future store count to about 900, nearly triple its current level. New stores were responsible for ...
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ArticleFerragamo posts weak Q4 sales due to China
Salvatore Ferragamo’s total full-year revenues reached €1.252 billion, up by 10.2 percent year-on-year on a reported basis and by 5.7 percent at constant currency rates. Total revenues were dented by a €25.7 million hedging loss and missed market expectations by about €20 million due to a weak final quarter. The ...
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ArticleH&M posts a Q4 loss on higher costs
In the fiscal full year ended Nov. 30, H&M’s net profit fell to SEK 3.566 billion (€318m) from SEK 11.010 billion a year earlier, after posting a loss of SEK 864 million (€77m) in the fourth quarter compared with a profit of SEK 4.621 billion a year earlier. Financial analysts ...
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News briefs
Aeffe’s full-year footwear, leather goods sales up 17%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, saw its 2022 sales rise by 8.4 percent to €352 million. At constant currency rates, the top line grew by 7.7 percent. Sales of the footwear and leathergoods business reached €163.6 million, up by 16.9 percent both on a ...
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ArticleTod’s breaks through €1 bn sales threshold, sees ‘excellent’ start to 2023
Diego Della Valle, the chairman and CEO of Tod’s, said he is “very confident” about future results of the Italian footwear company due to an “excellent” start to 2023 in stores and the solidity of its order portfolio for next season. Della Valle’s optimism came as Tod’s announced preliminary results ...
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ArticleZegna’s Q4 revenues dip 0.5% but shoes post ‘exceptional performance’
The Italian fashion house Ermenegildo Zegna generated revenues of €407 million in the fourth quarter of 2022, down by a reported 0.5 percent on the year earlier and 2.9 percent lower at constant exchange rates, as sales were hit by new Covid-19 restrictions affecting the Greater China region. The owner ...
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ArticlePrimark posts a rise in Christmas sales
Primark reported a rise in Christmas sales as consumers continued returning to city shopping centers and retail parks after the easing of Covid-19 restrictions. Revenues in the 16 weeks to Jan. 7 stood at £3.145 billion (€3.562 bn), up by 18 percent on a reported basis and by 15 percent ...
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ArticleBoohoo lowers its guidance on declining sales
Boohoo has lowered its full-year revenue guidance after sales fell sharply in the last four months of 2022 due to longer delivery times and shoppers returning to physical stores. But more worrisome, the British online fashion retailer is losing market share in the U.S. and Continental Europe. Company’s sales fell ...
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ArticleDr. Martens stumbles again due to supply bottlenecks in the U.S.
Dr. Martens issued its second profit warning in three months after the iconic British brand was hit by a bottleneck at its new Los Angeles distribution center and weak trading in the U.S. direct-to-consumer (DTC) segment. The company estimates lost wholesale revenues and incurred costs will cut full-year Ebitda by ...
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News briefs
THG’s FY sales rise 3.3%
THG said that in 2022 revenues rose by a reported 3.3 percent to £2.253 billion (€2.544bn). Excluding Russia, the top line grew by 4.1 percent. The British online company said that it normalized inventory levels through the second half of 2022, with an about £75 million (€84.7m) reduction in group ...
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News briefs
Caleres confirms FY outlook
Caleres confirmed its financial outlook for consolidated sales, adjusted earnings per share and inventory position for fiscal year 2022. The U.S. footwear company expects full-year sales up by between 4 percent and 6 percent year-over-year, adjusted earnings per share to come in between $4.30 and $4.40 and inventory to ...
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ArticleWolverine Worldwide’s profitability will be impacted by inventory reductions
Wolverine Worldwide reduced its fourth quarter inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s full year and fourth quarter adjusted diluted earnings. Wolverine warned that final earning results, when reported next month, will be at ...
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ArticleAsos insists turnaround plans on track despite sales fall
Asos insisted its turnaround remained on track, despite a slide in sales over the Christmas trading period and plans to cut more than £300 million (€338.5m) in costs this year to boost profitability. The British fast-fashion online retailer said that group revenues fell by 6 percent year-on-year in the four ...
