All Financial results articles – Page 2

  • Allbirds
    Article

    Allbirds names a new CEO as losses continue to grow

    2024-03-13T16:25:00Z

    Allbirds appointed its chief operating officer, Joe Vernachio, as its new CEO and member of the board of directors, effective March 15. He succeeds Joey Zwillinger, the co-founder and CEO, who will continue to serve as a member of the board and as a special advisor to the company. With ...

  • News briefs

    Shoe Zone warns it is trading below expectations on higher wages, Red Sea attacks

    2024-03-13T15:10:00Z

    Shoe Zone warned that it was trading “marginally” below expectations, because of a rise in the UK’s minimum wage, the National Living Wage, higher costs and attacks of commercial shipping in the Red Sea which have disrupted supply chains. The chief executive, Anthony Smith, said there had also been “higher ...

  • Genesco logo short
    Article

    ​Genesco sees sales decline continuing as Journeys turnaround takes times

    2024-03-11T10:16:00Z

    Genesco expects another decline in sales this year, after revenues in the year ended Feb. 3 fell by 2.5 percent to $2.3 billion, landing in the middle of its latest guidance of a 2-3 percent drop. The company expects total sales in the current financial year to fall by 2 ...

  • Logo-Prada
    Article

    Prada posts strong fourth-quarter results

    2024-03-11T10:15:00Z

    Prada Group finished 2023 on a strong note with its top line growing by 18.1 percent year-over-year at constant currency rates and retail sales up by 17.4 percent in the fourth quarter. “In addition to Prada’s solid momentum, Miu Miu ended an amazing year with remarkable growth,” pointed out the ...

  • coats-logo
    Article

    Coats sees recovery in footwear as customer destocking winds down

    2024-03-11T10:15:00Z

    Coats expects modest revenue growth in 2024 as its markets started to recover in the second half of last year, helping it to deliver higher 2023 profits. The British group, which makes threads and components for the footwear and clothing industries, said destocking of inventories by footwear customers had lagged ...

  • News briefs

    Arezzo posts record revenues ahead of its merger with Soma

    2024-03-11T10:15:00Z

    Arezzo & Co posted record gross revenues of 6,088 million Brazilian reais (€1,117m) in 2023, up by 16.4 percent compared to the year earlier ahead of its merger with the fashion Brazilian group Soma. The company posted higher operating margins, with the recurring gross margin up to 54.5 percent from ...

  • informa-markets-logo-vector
    Article

    Informa hikes its 2024 guidance

    2024-03-11T10:15:00Z

    Informa is enjoying “strong” trading in the first quarter of 2024 and forward visibility, prompting it to increase its guidance for 2024. It noted that more than £500 million (€587m) of revenues were already delivered in 2024, with a further £1 billion (€1.2bn) in subscriptions and other forward booked revenues ...

  • Salvatore Ferragamo
    Article

    Ferragamo’s full-year profits shrink on weaker sales, higher investments

    2024-03-07T18:26:00Z

    Salvatore Ferragamo’s full-year net profit plummeted by 59 percent to €26 million as total revenues fell by a reported 7.6 percent, and 8.1 percent in local currencies, to €1,157 million, with all categories, channels and regions, except the Europe, Middle East and Africa (EMEA) area, lower. The company had already ...

  • Grendene
    Article

    Grendene’s Q4 bottom line underpinned by lower raw material costs

    2024-03-07T18:25:00Z

    Grendene realized 13 percent year-over-year Ebitda growth to 168.2 million Brazilian reais (€31.3m) in the fourth quarter of 2023, while the net profit grew by 20 percent higher to R$243.0 million (€45.2m) as lower raw material costs offset weak sales. Fourth-quarter net revenues slipped by 0.4 percent to R$760.8 million ...

  • News briefs

    Footasylum’s annual sales and profits surge

    2024-03-04T15:25:00Z

    The British retailer Footasylum saw its sales and profits for the year to Jan. 27, 2024 surge, driven by store openings and the implementation of an omnichannel point-of-sale system. The retailer opened a 1,850 square meter flagship in London’s Oxford Street in September, among other openings. Revenues in the year ...

  • News briefs

    Falc’s 2023 sales total €95m

    2024-03-04T10:16:00Z

    Falc finished 2023 with sales of nearly €95 million and expects to grow slightly in 2024, which marks the 50th anniversary of the Italian footwear group, the CEO Salina Ferretti, told fashionmagazine.it. Created in 1974, Falc has six brands: Falcotto, Naturino, Voile Blanche, W6YZ, Flower Mountain and Candice Cooper. ...

  • Birkenstock logo IPO
    Article

    Birkenstock reassures investors on profits, makes progress in closed-toe shoe sales

    2024-03-04T09:57:00Z

    Birkenstock reassured investors that the pressure on profits from its ongoing production capacity investments is only temporary and will set the stage for future expansion. The company confirmed its guidance for top-line growth of 17-18 percent at constant foreign exchange rates in the current fiscal year. Sales in the first ...

  • Rockey Brands
    Article

    Rocky Brands’ Q4 sales fall 9.3% amid unexpected headwinds

    2024-03-01T10:50:00Z

    Rocky Brands reported sales of $126.0 million in the fourth quarter of 2023, down by 9.3 percent compared to the year earlier but still an improvement on the previous quarter and the slowest rate of sales decline for the year. Sales were down by 6 percent when service brand sales, ...

  • steve madden logo
    Article

    Steve Madden’s Q4 results beat expectations

    2024-02-28T16:43:00Z

    In the fourth quarter of 2023, Steve Madden’s revenues and bottom line come in above the group’s expectations. Quarterly sales increased by 10.4 percent year-on-year to $519.7 million, while the gross profit margin slipped to 41.3 percent from 42.2 percent. The adjusted gross profit margin was 41.7 percent. The turnover ...

  • Sergio Rossi 2
    Article

    Sergio Rossi posts a decline in FY revenues due to a weak H2

    2024-02-23T17:48:00Z

    Sergio Rossi, the Italian shoemaker owned by the Chinese luxury goods firm Lanvin Group, finished 2023 with a 4 percent decline in revenues to €60 million after suffering a 24 percent drop in the top line to €27 million during the second half of the year. During the first six ...

  • ccc_logo
    Article

    CCC Group posts record Q4 sales as margins rise sharply

    2024-02-23T16:47:00Z

    CCC Group generated revenues of 2.5 billion zloty (€579.4m) in its fourth quarter ended Jan. 31, 2024, a new quarterly record and up from the PLN 2.4 billion posted the year earlier, as off-price banner Halfprice continued to lead the way with 53 percent growth in its top line. The ...

  • Wolverine
    Article

    Wolverine makes progress on turnaround but more bumps likely

    2024-02-22T10:29:00Z

    Six months on the job, Wolverine World Wide’s president and CEO, Chris Hufnagel, had to oversee changes in many aspects of the group’s overall business, including excess inventory, shedding businesses, lowering debt levels, and improving the supply chain. Progress has been made, but the turnaround will take more time ...

  • crocs
    Article

    ​Crocs brand starts 2024 with momentum but $5bn sales target will take longer to reach

    2024-02-16T16:37:00Z

    The Crocs brand has started 2024 “with momentum,” after sales in 2023 jumped by 14 percent to $3.0 billion, but management now expects it will take a bit longer to reach a $5.0 billion 2026 sales target unveiled in 2021. “I don’t think it’s realistic to achieve the $5 billion ...

  • Shoe-Carnival-Logo
    Article

    Shoe Carnival buys Rogan Shoes

    2024-02-16T12:40:00Z

    Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 stores in Wisconsin, Minnesota and Illinois which trade under the Rogan’s Shoes banner, for a purchase price of $45 million. The US footwear retailer expects the acquisition to be immediately accretive to its fiscal 2024 ...

  • BasicNet-33410-logo
    Article

    BasicNet’s revenues inch up 3%

    2024-02-14T09:51:00Z

    BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...