All Financial results articles – Page 28
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News briefs
Next increases full-year guidance after strong start to Q2
Next increased its full-year guidance after a strong start to its fiscal second quarter thanks to warmer weather and higher household incomes in the wake of annual salary increases. In the first seven weeks of the second quarter, full price sales were up by 9.3 percent year-over-year. Over the ...
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Mansèll’s FY sales rise 16.2%
Mansèll, the Italian brand specialized in leather shoes and accessories, expects to open its first monobrand early 2024 in Via della Spiga, in the heart of Milan’s fashion district. Eurasia, the company that owns the brand, also announced that 2022 sales rose by 16.2 percent to €16.5 million, with wholesale ...
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Munich’s 2022 sales reach €74.3m
Munich, the Spanish brand of sneakers, increased 2022 sales by 40 percent to €74.3 million. The brand has 29 monobrand stores in Spain and plans to open two more in the coming weeks. It is also building up its collection of fashion footwear, whose sales rose by 35 percent in ...
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ArticleAsos returns to profitability and Frasers Group lifts its stake
Asos, the struggling British online fashion retailer, returned to profitability in the third quarter and said its turnaround strategy was starting to bear fruit, prompting Frasers Group to lift its stake in the company to 10.6 percent. Adjusted Ebit rose more than £20 million (€23.3m) in the three months to ...
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H&M Q2 sales ‘flattish’ in local currencies
H&M said that in the period from March 1 to May 31, corresponding to its second fiscal quarter, net sales came in at SEK 57.616 billion (€4.97bn), up by 6 percent year-over-year on a reported basis while in local currencies sales were “flattish”. “Sales in the second quarter were affected ...
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Rene Caovilla sees 2023 sales up at least 15%
The Italian luxury footwear maker Rene Caovilla expects sales to rise by at least 15 percent this year after growing about 50 percent in 2022. In an interview with the daily Corriere della Sera, the chairman and creative director, René Fernando Caovilla, who took over the company created by his ...
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News briefs
Yue Yuen’s industrial utilization rate is improving
Yue Yuen’s facility utilization rate is estimated to have improved based on the company’s monthly sales figures, according to the analysts of the U.S. bank Citi. In May, the company’s operating revenues fell by 7.5 percent year-over-year to $701.0 million after declining by 8.2 percent to $684.6 million in April. ...
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Piquadro FY net profit up 46%
Piquadro said that in the full year ended March 31 its net profit rose by more than 46 percent to €6.5 million euros as sales grew by 17.5 percent to €175.6 million euros. EBITDA totaled €27.7 million euros, up from €25.3 million a year earlier, while adjusted EBITDA increased by ...
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Scarpa's FY sales reach €169m
Scarpa posted consolidated sales of €169 million for 2022, which marks a 26 percent increase from 2021. The Ebitda of €21.5 million compares to an Ebitda of €18.8 million in 2021. In 2022, the Italian outdoor footwear specialist further strengthened its commitment to sustainability through the launch of LIFE Re-Shoes, ...
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ArticleDesigner Brands to resume selling Nike in Q4
Designer Brands unexpectedly announced that it will resume selling Nike shoes from the fourth quarter of this year, as the U.S. sportwear brand reverses its policy of dropping wholesale clients to focus on direct-to-consumer channels. Earlier, on June 1, Macy’s announced that it would be selling Nike apparel from October, ...
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ArticleInditex’s Q1 sales rise 13%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the first quarter ended April 30 sales reached €7.6 billion, up by 13 percent year-over-year on a reported basis and grew 15 percent in constant currencies. Gross profit rose by 14 ...
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ArticleDr. Martens warns of declining margins in the current fiscal year
Shares in Dr. Martens nosedived as the British bootmaker warned that operating margins for the full year ending in March 2024 could be lower than in the previous 12 months because of extra costs stemming from blunders at its Los Angeles distribution center. Current full-year Ebitda margins are expected to ...
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ArticleCaleres launches a cost-savings program as business softens
Caleres is the latest of string of footwear companies announcing weaker-than-expected sales because of a “challenging” U.S. retailing environment. To maintain its adjusted earnings guidance for the full year, the group launched a cost-saving program. In the first quarter ended April 29, net sales were down by 9.8 percent year-over-year ...
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ArticleJimmy Choo posts record sales and is set to continue growing
In the full year end April 1, Jimmy Choo posted record revenues of $633 million, up by a reported 3.3 percent year-over-year and by 11.4 percent at constant currency rates, while its operating margin widened to 6.0 percent from 2.1 percent. The footwear brand is expected to increase sales in ...
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Article
Hoka sales seen rising 20% in FY24, continuing to underpin Deckers growth
Deckers Brands expects Hoka will continue to lead sales growth in the current financial year, forecasting the brand will see a 20 percent increase in its top line after a 58.5 percent jump in the financial year that ended March 31. The majority of Hoka’s growth is expected to come ...
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ArticleGenesco slashes its FY earnings guidance on “dramatic” change in consumer sentiment
Genesco will seek more “newness” across its brands and products and accelerate store closures as it reported a loss in the first quarter ending April 29 and slashed its earnings guidance for the full year. The Nashville, Tennessee, based specialty footwear retailer cited a “dramatic change in consumer sentiment” as ...
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News briefs
Autry’s FY sales up by 200%
The sneaker brand Autry increased its 2022 sales by 200 percent to €90 million from €30 million in 2021, as Ebitda grew to €27 million from €9 million. Autry was founded in 1982 in Dallas, Texas, by Jim Autry, but it largely went into hibernation for decades following Autry’s death. ...
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Golden Goose's Q1 sales up by 20%
Golden Goose’s first-quarter revenues totalled €133.3 million, up by 20 percent year-on-year and by 66 percent compared with 2021. The Italian sneaker brand said that growth was driven by ongoing investments and the expansion of its retail network. Direct-to-consumer sales totalled 67 percent of the brand’s sales. Sales were up ...
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ArticleVF Corp. has a “realistic” turnaround strategy in place
VF Corp., which has begun a rigorous six- to 12-month process to find a new CEO, says it has a plan in place that will improve its sales and profitability fortunes over the next 12 months. It centers on continued growth for its The North Face (TNF), EMEA, and direct-to-consumer ...
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ArticleUnbound puts itself up for sale as funding crisis continues
Unbound, the owner of Hotter Shoes, is putting itself up for sale as the beleaguered British retailer started another restructuring of its operations amid an ongoing funding crisis. The firm said that it was facing constraints after failing to secure fresh cash in light of weaker-than-expected first-quarter trading. It expects ...
