All Financial results articles – Page 23
-
ArticleTod’s’ sales growth stalls in Q3
Tod’s‘ sales in the third quarter of 2023 rose by 1 percent year-over-year to €259.0 million due to a challenging comparison base and adverse exchange rates. At constant currency rates, the top line grew by 5 percent. In the first half of the year, the Italian fashion group had enjoyed ...
-
News briefs
Bata India’s sales slip on inflationary pressure
Bata India said that in the second quarter end Sept. 30 revenues fell by 1.3 percent year-on-year to 8,191 million rupee (€92.0m), despite expanding its retail network, as inflationary pressure affected demand. In September, annual inflation in India stood at 5.02 percent, down from 6.83 percent in August. Ebitda rose ...
-
ArticleWolverine lowers outlook as overhaul moves forward
Wolverine World Wide’s third-quarter results weren’t pretty, but they did exceed Street estimates on several fronts as the Merrell, Saucony, and Sweaty Betty parent moved forward with numerous initiatives aimed at reducing annualized costs by $215 million and turning the company’s fortunes in the right direction again. Net income ...
-
ArticleAlpargatas reports a Q3 loss despite improving trends
Despite reporting 23 percent less unit volume to 51 million pairs, a 10.4 percent drop in period revenues to $896 million (€171.7m), and a net loss of R$8.5 million (€1.6m), Alpargatas realized improving trends in product sellthrough levels in the third quarter ended Sept. 30. The result was a normalization ...
-
ArticleAllbirds sees Q4 sales down by 15-22%
Citing a negative impact on revenues due to its transition to a direct selling model in both Canada and South Korea, as well as plans for “heightened” promotional activity during the holiday season, Allbirds expects fourth-quarter revenues to sink by 15 to 22 percent to a range of $66 million ...
-
ArticleSteve Madden enjoys strong growth in Europe
In the third quarter of 2023, Steve Madden enjoyed strong growth in Europe, but the performance in the region was not sufficient to enable the U.S. company to increase overall sales during the three-month period. “Our EMEA (Europe, Middle East and Africa) region was a standout,” commented Edward Rosenfeld, the ...
-
ArticleWeyco expects another sales decline in Q4
Weyco Group said it anticipates another decline in sales in the fourth quarter of 2023 in the face of a drop in consumer demand and an inventory backlog among wholesalers. “Not only are we going up against a strong fourth quarter last year, but retail market conditions remain challenging as ...
-
ArticlePrimark expected to grow sales and earnings in 2024
Primark, the fast-fashion retailer owned by Associated British Foods (ABF), posted sales of £9.0 billion (€10.4bn) in the full year ended Sept. 16, up by 17 percent at actual exchange rates and 15 percent at constant currency rates. Like-for-like sales growth was 8.5 percent for the year. ”Trading was much ...
-
News briefs
BasicNet’s sales rise, Ebit declines
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, said that in the first nine months of 2023 consolidated revenues rose by 5.3 percent year-on-year to €297.5 million, while aggregate group brands revenues slipped by 7.6 percent to €858.4 million. Meanwhile, Ebitda increased by ...
-
News briefs
Amazon posts 13% sales increase and more than triples net income in Q3
Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales rose by ...
-
ArticleBoot Barn cuts guidance as sales continue to soften through October
Boot Barn cut its guidance for the full year after its sales performance progressively worsened during the second quarter ended on Sept. 30 and continued to soften at the start of its third quarter, amid signs of slowing consumer demand. Boot Barn now expects to post full-year sales of $1,677 ...
-
News briefs
Lenzing to axe 500 jobs
Lenzing plans to reduce global personnel costs by up to €30 million, or the equivalent of around 500 full-time jobs, by not filling positions that fall vacant due to retirements and natural attrition, as well as by job cuts. The move is part of a larger plan to achieve €100 ...
-
News briefs
Relaxo’s sales rise nearly 9% in H1
Relaxo Footwears, an Indian group that sells shoes under various brands including Relaxo, Flite, Bahamas and Sparx, posted revenues from operations of 1,454 crore rupee (€163.1m) in the first half ended Sept. 30, up by 8.75 percent year-on-year. Total income grew by 9.28 percent to INR 1,472 crore (€165.2m). In ...
-
ArticleCrocs taking steps to reset Heydude business
There will be some immediate pain, largely negative wholesale growth in the fourth quarter, as Crocs takes additional steps to shore up the fortunes of its Heydude business. Those efforts are focused on distribution clean-up, greater segmentation by distribution channel coupled with stronger control of digital pricing, and the establishment ...
-
ArticleRocky Brands margins, profits rise in Q3 despite 15% sales decline
Rocky Brands posted higher profits and margins in the third quarter of 2023, benefiting from lower freight costs, improved distribution center efficiencies and an increased share of higher-margin retail sales. Profitability gains came despite a decline in the top line, which decreased by 14.8 percent to $125.6 million in the ...
-
ArticleZalando cuts its full-year guidance for GMV, revenues
After third-quarter revenues were affected by a “macroeconomic environment of low consumer sentiment and declining online sales”, Zalando cut its full-year gross merchandise volume (GMV) and revenues expectations due to continued pressure on demand for the rest of the year. “The quarter was also adversely impacted by the warmest September ...
-
News briefs
Vulcabras’ sales rise by double-digits for 13th consecutive quarter
Despite a challenging retail environment and some unfavorable macroeconomic circumstances, the Brazilian Vulcabras group generated record quarterly sales, Ebitda, and gross margin for the period ended Sept. 30. Third-quarter revenues rose by 10.2 percent to 731.4 million Brazilian reais (€136.7m) as Ebit improved by 42 percent to R$149.1 million (€27.9m). ...
-
News briefs
Asos posts a full-year loss
Asos posted an adjusted pretax loss of £70.3 million (€80.8m) in the fiscal year ended Sept. 3, compared with a profit of £22 million the prior year, as adjusted revenues fell by a like-for-like 11 percent to £3,538 million (€4,068m). Adjusted Ebitda fell to £124.5 million (€143.1m) from £183.9 million ...
-
ArticleNext hikes its FY guidance again
Next reported in the third quarter ended Oct. 28 full-price sales up by 4.0 percent on last year, £23 million (€26.5m) ahead of the British fashion retailer’s guidance which was for a 2.0 percent increase. Full-price sales achieved online were up by 6.5 percent year-over-year in the quarter, and by ...
-
ArticleVF drops guidance, launches turnaround plan
Admitting its U.S. business “isn’t working well” and its cost structure is too high, VF Corp. reported its second-quarter results with a comprehensive plan to turn around its flagging businesses under CEO Bracken Darrell, who joined the group in late July. Key elements of the strategy focus on fixing its ...
