All Financial results articles – Page 22
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ArticlePikolinos’ full-year sales rise to a record €138m
In the fiscal year ending on April 30, 2023, Pikolinos Group posted a record turnover of €138 million, up by 29 percent from the previous year primarily fuelled by the success of its flagship brand, Pikolinos. The year was the first under the full leadership of the second generation of ...
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News briefs
H&M misses sales expectations
In the fourth quarter ended Nov. 30, H&M’s sales were virtually flat year-on-year totaling SEK 62.629 billion (€5.57bn) and fell by 4 percent in local currencies. Market expectations were for sales of SEK 62.9 billion. Excluding Russia and Belarus, sales of the Swedish fashion retailer rose by 3 percent, but ...
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News briefs
Inditex 9-month sales up by 14.9% at constant exchange rates
In the nine months to October 31, Inditex’s sales grew by 11.1 percent to €25.6 billion, showing “very satisfactory” development both in stores and online, the Spanish fashion fast group said in a statement. Sales at constant currency rates rose by 14.9 percent. Gross profit increased by 12.3 percent to ...
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ArticleCCC Group starts Q4 with 10% sales boost led by HalfPrice
CCC Group said that in November it posted its highest monthly sales figure ever, with sales at its off-price banner HalfPrice surging as consumers continue to seek bargains in the uncertain economic backdrop and new store openings bear fruit. In the period from Nov. 1 to Nov. 25, at the ...
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ArticleDesigner Brands slashes guidance after sharp decline in Q3 boot sales, post-Cyber Monday ‘lull’
Designer Brands slashed its guidance for the full year after reporting lower-than-expected sales and earnings in the third quarter ended Oct. 28 as consumers continued to be selective and an industry-wide decline in seasonal footwear had an “outsized” impact on the U.S. footwear group given its large seasonal assortment. “The ...
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News briefs
Zegna sees sales up over 10% annually in the medium term
Zegna aims for a compound annual growth rate (CAGR) in revenues at group level of over 10 percent in the medium term and adjusted Ebit growth of around 20 percent. “This will generate significant cash surplus even while taking into consideration higher, targeted investments in marketing and capital expenditure to ...
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ArticleGenesco sees promotional activity driving sales, pressuring margins in Q4
Genesco has raised its guidance for full-year sales while lowering expectations for profit margins following a strategic decision to increase promotional activity going into the holiday season as retailers continue to compete for more selective consumers. In the third quarter ended Oct. 28, group sales decreased by 4 percent compared ...
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ArticleDr. Martens cuts its guidance as it continues to struggle in the U.S.
Dr. Martens cut its guidance for its full fiscal year as it warned that it is taking longer than anticipated for a turnaround of its business in the U.S., where it faces an increasingly difficult consumer environment and lacks visibility on wholesale sales. The U.K. footwear company said it now ...
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ArticleCaleres sees Famous Footwear sales continuing decline in Q4, growth at Brand Portfolio
Caleres expects sales at its Famous Footwear chain will continue to decline in the fourth quarter of its financial year at roughly the same pace seen in the third quarter, while its Brand Portfolio segment is poised to resume year-on-year growth. In the third quarter ended Oct. 28, sales at ...
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ArticleGolden Goose’s revenues rise by 19% in the first nine months
Golden Goose’s revenues in the first nine months of 2023 stood at €421 million, up by 19 percent year-over-year and up by 60 percent compared with 2021. The brand achieved 69 percent through direct-to-consumer channels. In the sole third quarter of 2023, revenues of the Italian sneaker brand were up ...
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ArticleCoats’ sales trends improve in H2
In the four months running from July 1 to Oct. 31, Coats’ overall revenues fell by a reported 9 percent year-on-year, while organic revenues dropped by 12 percent at constant currency rates, an improvement on the first half of the year. In the first six months of 2023, organic growth ...
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ArticleShoe Carnival sees Q4 comparable sales down 9-12%, cuts FY guidance after disappointing Q3
Shoe Carnival forecast that comparable sales would decrease by 9 to 12 percent in its fourth quarter ending in January 2024 and cut its guidance for the full year, amid limited visibility on consumers’ buying behavior in the upcoming holiday season and after unseasonably hot weather in September and October ...
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News briefs
Scarpa could sell a 25% stake to an outside investor
Scarpa is believed to have hired the investment bank Finint to find an investor ready to buy an about 25 percent in the Italian footwear company, according to the daily Corriere della Sera. The transaction would enable the company to raise funds to accelerate its expansion, which could include acquisitions, ...
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News briefs
Burberry issues a profit warning as demand for luxury goods slows down
Burberry warned that due to a slowdown in luxury demand globally it is unlikely to achieve its revenues target for the year ending at the end of March and in this context the adjusted operating profit is now expected to come in towards the lower end of the £552 million ...
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ArticleBelow-average order rates continue to impact Yue Yuen
Profit attributable to Yue Yuen fell by 49 percent to $137.7 million for the nine months ended Sept. 30 from $270.1 million a year earlier, as sales declined by 14.1 percent to $5.99 billion from $6.97 billion. Manufacturing revenues declined by 20.9 percent year-over-year to $3.79 billion. Ebit sunk by ...
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ArticleArezzo sales up 13% in Q3 despite lower shoe, handbag volumes
Arezzo & Co posted gross revenues of 1,583 million Brazilian reais (€300.4m) in the third quarter of 2023, up by 12.7 percent compared to the year earlier and underpinned by an increase in full-price sales that helped to offset a drop in sales volumes for shoes and handbags. The number ...
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ArticlePollini’s sales growth turns negative
Pollini, the luxury footwear brand owned by the Italian fashion house Aeffe, posted sales of €8.9 million in the third quarter of 2023, down by 16.5 percent from a year earlier, resulting in a 4.2 percent drop in the first nine months to €26.1 million. In the first half of ...
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ArticleJimmy Choo’s sales fall on weaker consumer demand
In the second quarter ended Sept. 30, Jimmy Choo posted revenues of $132 million, down by 7.0 percent year-over-year on a reported basis and by 9.2 percent at constant currency rates due primarily to a softening in consumer demand, mainly in the Americas. Revenues in the Americas declined by 11.6 ...
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ArticleStuart Weitzman sales drop on lower off-price shipments, slower recovery in China
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $52.6 million in the fiscal first quarter ended on Sept. 30, down by 19 percent year-over-year on a reported basis and by 18 percent at constant currency rates. “Results in the quarter were pressured against ...
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ArticleGeox’s store rationalization ‘almost’ completed
Geox said that the rationalization of its network of mono-brand stores is “almost” completed. The Italian footwear company has slashed the network from 974 units at the end of 2019 to 656 at the end of September and expects to finish 2023 with 655 stores. Over the past 12 months, ...
