All Financial results articles – Page 24
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News briefs
Polygiene posts an operating loss in Q3 due to lower sales
Despite a 30 percent decline in third-quarter revenues to 28.7 million Swedish kroner (€2.4m) and a corresponding operating loss of SEK 2.4 million, Polygiene is optimistic about fourth-quarter results as early orders have exceeded expectations. The group, which said third-quarter results showed signs of a slow recovery, has shifted its ...
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News briefs
Doucal’s sees 2023 sales above €25m
Doucal’s, a producer of upmarket men’s and women’s shoes located in Montegranaro, in Italy’s Marche region, expects to post sales of more than €25 million this year, a slight increase from 2022. In an interview with the Italian business daily Il Sole 24 Ore, Gianni Giannini, who runs the family-owned ...
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ArticleDeckers raises full-year guidance again, plans to divest Sanuk
Bolstered by sales contribution from its Ugg brand and continued momentum in its Hoka business, Deckers Brands generated a 76 percent increase in second-quarter operating income to $224.6 million on nearly 25 percent total net sales growth to $1.09 billion for the three months ended Sept. 30. Net income was ...
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ArticleSkechers raises full-year earnings guidance as DTC continues to bolster Q3 sales gains
Skechers once again raised its earnings guidance for the full year after reporting better-than-expected results in the third quarter and despite continued uncertainty about the macroeconomic environment and consumer spending. Sales in the three months ended Sept. 30 reached a record $2,025.0 million, up by 7.8 percent compared to the ...
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ArticleHermès could consider investments in Italian shoe, fashion suppliers
Hermès could invest in some of its Italian footwear and fashion suppliers to further integrate its supply chain, said Eric du Halgouët, the company’s executive vice president of finance. “We could consider vertical integration with investments to consolidate partnerships with some suppliers that share our standards,” he said during a ...
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News briefs
Piquadro H1 sales up by 7.1%
The Italian leather goods company Piquadro reported revenues in the first half ended Sept. 30 of €85.9 million, up by 7.1 percent compared to the year earlier. Revenues from the Piquadro brand jumped by 12.1 percent to €39.5 million, with 17.5 percent growth in the wholesale sales channel and an ...
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News briefs
Zegna to directly manage the South Korean market from Q1
The Italian fashion house Ermenegildo Zegna will buy the entity managing the Zegna brand in South Korea from its local franchise partner. With the transaction, Zegna will directly operate its South Korean business, which comprises 15 stores, from the first quarter of 2024. The brand has been present in South ...
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ArticleStella benefits from demand for premium categories
Stella International Holdings, the Hong-Kong based footwear manufacturer and retailer, said that in the third quarter of 2023 it posted a decline in manufacturing revenues to $377.1 million from $453.6 million a year earlier as footwear shipment dropped to 12.2 million pairs from 15.0 million. Shipments were affected by a ...
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ArticleFerragamo misses sales expecations in Q3
In the third quarter of 2023, Salvatore Ferragamo’s sales fell by 16 percent to €244 million euros, about €5 million below the market consensus. Citi noted that the deterioration in third-quarter sales was expected, but stressed that the brand seems to have suffered more than its peers from macroeconomic headwinds. ...
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ArticleNice Footwear FY sales up 43.1%
In the full year ended on April 30, 2023, Nice Footwear posted sales of €46.9 million, up by 43.1 percent from a year earlier, while net profits surged by 122.7 percent to €2.8 million, beating the company’s own expectations. The Ebitda of the Italian footwear company rose by 75.0 percent ...
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ArticleShoe Zone's FY revenues rise 6.1%
Shoe Zone said that in the full year ended Sept. 30 revenues increased by 6.1 percent year-on-year to £165.7 million (€190.9 million), with store revenues growing to £134.8 million (€149.6m) from £129.8 million and digital revenues increasing to £30.9 million (€35.6m) from £26.4 million. Digital revenues now represent 18.7 percent ...
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News briefs
Footway’s sales fall, losses widen in Q3
Footway Group AB, the Swedish operator of specialized online stores, which has been undergoing restructuring since July 25 this year, has presented its latest figures for the third quarter of the current fiscal year. Sales amounted to 136 million Swedish kroner (€11.77m) compared to SEK 261.6 million (€22.63m) in the ...
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ArticleCCC Group posts softer sales in Q3 led by the CCC and eobuwie banners
With most of its fiscal third quarter over, CCC Group has registered softer sales, amid above average temperatures through September and weakened “but slowly recovering” consumer demand. In the period from Aug. 1 to Oct. 10, sales at the Polish footwear and fashion group were down by 4 percent compared ...
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ArticleLVMH’s sales growth slows down in Q3
LVMH’s fashion and leather goods division posted revenues of €30.912 billion in the first nine months of 2023, up by a reported 11 percent and by 16 percent organically. However, third-quarter sales only rose by an organic 9 percent year-over-year compared with a 20 percent growth in the first half ...
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ArticleCaleres to leverage lead brands to resume growth in 2024 after September sales disappoint
Caleres warned that its third-quarter and full-year sales are likely to come in at the lower end of guidance following a disappointing sales season in September, as unseasonably warm temperatures, higher interest rates and the impending Oct. 1 end to a student loan moratorium in the U.S. put a damper ...
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ArticleSpartoo’s H1 sales decline but earnings improve
In the first half of 2023, Spartoo saw its gross merchandise value (GMV) decrease by 2.6 percent compared to the year earlier to €101.6 million and revenues excluding value-added tax slipped to €72.9 million from €73.9 million. The percentage of GMV generated by brands owned by the French retailer increased ...
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ArticleBoohoo cuts its sales guidance
Boohoo has warned that full-year sales are likely to fall more than expected after a weak first half of the fiscal year. The British online fashion retailer said that in the six months to Aug. 31 revenues fell by 17 percent year-on-year to £729.1 million (€841.2m), with domestic sales down ...
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ArticleBirkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
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News briefs
Nike brand Q1 footwear sales up by 3.8%
Nike reported a 10 percent Ebit decline in the first quarter ended Aug. 31 to $1.65 billion on a 2 percent revenue expansion to $12.94 billion. Ebit margin dipped 2.00 percentage points to 12.5 percent from 14.5 percent in the year-ago period and fell in all geographic regions except ...
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ArticleC & J Clark International hit by post-Covid supply issues, but group results step ahead
C & J Clark International reported lower turnover and profits last calendar year as post-Covid pandemic supply chain issues hit stock availability. The company is the unit of the Clarks group that manages the activities in the U.K., all of the wholesale business in Asia as well as some of ...
