All Financial results articles – Page 31
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News briefs
Zegna sees ‘encouraging recovery’ as China reopens
The Italian fashion house Ermenegildo Zegna has started 2023 with an “encouraging recovery led by the reopening in China following restrictions tied to Covid-19 and the robust growth in our business in the United States and Europe led by our retail, and for Zegna a healthy increase in productivity, which ...
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News briefs
Piquadro’s Q4 sales up by 22%
Piquadro generated revenues of €48.8 million in its fourth quarter ended March 31, up by 22 percent compared to the year earlier. For the full year, revenues increased by 17.5 percent to €175.6 million. In the fourth quarter, the Piquadro brand reported revenues of €23 million, up by 19.9 percent ...
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News briefs
3A expects sales of €105m in 2023
3A, an Italian distributor of international sportswear and fashion brands, posted revenues of €94 million, up by 27 percent in 2021. Despite an increase in costs, the Ebitda margin widened to 8 percent from 6 percent a year earlier. The company ended 2022 with a net profit of €4.8 million. ...
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News briefs
THG's operating loss widens
THG’s operating loss widened to £495.6 million (€562m) in 2022 from £137.5 million the year earlier, as profits were hit by the non-cash impairment of £275.4 million (€312m), in addition to certain non-recurring costs which continue to decline. Adjusted Ebitda for the year amounted to £64.1 million (€73m), in line ...
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ArticleDr. Martens lowers profits guidance again as distribution center blunder costs rise
Dr. Martens lowered its profit guidance for the third time in five months after admitting that operational blunders at its Los Angeles distribution center (DC) have cost more than anticipated. The company issued its second profit warning in January after problems at the center created bottlenecks. The previous warning, in ...
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News briefs
IMAC’s FY sales rise to €217m
IMAC, the Italian footwear company that owns the brands Igi&Co, Primigi, IMAC and Enval Soft, posted sales of €217 million in 2022, up by 10 percent from a year earlier. The group achieved 55 percent of its revenues in Italy. Sales by brand stood at €88 million for Primigi, €63 ...
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News briefs
La Sportiva's sales up by 30% in 2022
La Sportiva’s sales increased by 30 percent year-over-year to €216 million in 2022. International sales accounted for 80 percent of the company’s revenues. Sales in both Europe and the U.S. grew by double-digit rates, driven by the rising interest in outdoor activities. Founded in 1928 by Narciso Delladio, is still ...
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News briefs
Hermès sales up by 22% in Q1
Hermes’ first-quarter revenue reached €3,380 million, up by a reported 22 percent and by 23 percent at constant currency rates, with growth in all geographical areas and across all the business lines. The leather goods and saddlery division booked sales of €1,409 million, up by a reported 18 percent and ...
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News briefs
LVMH Q1 sales up by 18%
LVMH saw organic and reported sales of its fashion and leather goods division rise by 18 percent year-over-year in the first quarter to €10.728 billion. Sales for the whole French luxury-goods conglomerate were up by 17 percent to €21.035 billion. Europe and Japan, which enjoyed strong growth momentum, benefited from ...
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ArticleGolden Goose boosts FY sales above €500m
In 2022, Golden Goose increased its sales by 30 percent to €501 million, driven by a 55 percent rise in revenues in the Americas to €230.4 million. In Europe, Middle East and Africa sales grew by 33 percent to €193.1 million, but the top line was down by 4 percent ...
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News briefs
Zegna posts a full-year profit
The Italian fashion group Ermenegildo Zegna posted a net profit of €65.3 million in 2022 compared with a loss of €127.7 million in 2021 as revenues rose by 15.5 percent to €1,493 million. Last year’s loss was caused by costs incurred to merge with Investindustrial Acquisition Corp, a special purpose ...
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ArticleDeichmann to invest €500 mln in 2023
Deichmann plans to invest around €500 million this year, half of which is earmarked for Germany. Investments will focus on the modernization and expansion of the store network, as well as in international growth, digitalization and logistics. The German footwear retailer plans to open 200 new stores worldwide. At the ...
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ArticleH&M posts an operating profit in Q1
In the first quarter that ended Feb. 28, H&M unexpectedly posted an operating profit of SEK 750 million (€66.4m), up from a profit of SEK 458 million a year earlier. Financial analysts were expecting a loss of more than SEK 1.0 billion (€88.5m). The operating margin widened to 1.3 percent ...
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ArticleNext cautious on outlook but sees inflationary pressures easing
Next reported a better-than-expected annual profit but warned that it still expects sales and earnings to fall in a “very challenging” current fiscal year. Inflationary pressures were forecast to ease as freight costs drop and the cost of goods improve, but higher wages and energy costs are still expected to ...
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ArticleStella expects a decline in sales volumes in 2023
Stella International anticipates sales volumes to decline in 2023, especially in the first half of the year, driven by a decrease in orders for sports shoes. The drop is expected to be partially offset by additional customers in the luxury and the fashion categories. The Hong-Kong based footwear manufacturer and ...
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News briefs
Rexor sales swing back to near pre-pandemic levels
Rexor, the 70-year old German buying group controlled by ANWR, reported a 22 percent increase in central settlement sales to €216.9 million in 2022, up from €177.1 in 2021 and nearly returning to pre-pandemic levels. In Germany, the group’s sales last year increased by more than 10 percent from 2019, ...
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ArticleTempe’s FY sales rise nearly 8%
In fiscal 2022, Tempe increased its revenues by 7.9 percent to €1,408 million from €1,305 million a year and returned to pre-pandemic levels. In fiscal 2019, the last year before the onset of the Covid-19 pandemic in Spain, the company’s top line reached €1,399 million. Tempe is part of the ...
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ArticleShoe Carnival sees sales steadying after 7% decline in Q4
Shoe Carnival anticipates sales will be flat to up by 4.5 percent in its 2023 financial year after declining in the fourth quarter of fiscal 2022 and getting off to a “slow start” in the first quarter set to end in April amid economic uncertainty and cooler weather. In the ...
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ArticleSpartoo’s GMV drops slightly in 2022
In 2022, Spartoo saw its gross merchandise value (GMV) decrease by 1.9 percent compared to the year earlier to €209.6 million due to high inflation and a “slowdown in demand affecting all e-commerce players,” according to the French online retailer. GMV from B2C services slipped to €189.9 million from €192.8 ...
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News briefs
Xtep sales rise to record high
The publicly traded Chinese company Xtep International Holdings, whose business model consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, generated a 29.1 percent increase in 2022 ...
