All Financial results articles – Page 34
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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 ...
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News briefs
Aeffe swings to a full-year loss
Aeffe, the Italian fashion house that owns the footwear brand Pollini, posted a net loss of €9 million in 2022 compared with a net profit of €12 million in 2021, which included non-recurring tax benefits of €9.5 million. The group’s revenues totaled €352 million, up by 8.4 percent on a ...
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ArticleDesigner Brands anticipates sales, earnings decline amid economic uncertainty
Designer Brands expects sales in the financial year ending January 2024 to decline by a mid-single digit percentage, while earnings are also expected to fall as consumers remain cautious on purchases amid fears of a recession. “With the continued uncertainty in the macroeconomic environment and evolving patterns of consumer discretionary ...
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ArticleBrand portfolio drives Caleres higher in Q4
Caleres reported fourth-quarter results that exceeded expectations, bolstered by strong sales, profit and margin gains by its Brand Portfolio and solid results from its Famous Footwear segment that has begun sharpening its focus to reach more Millennial consumers. Operating income within the brand portfolio rose by 78 percent to $19.3 ...
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News briefs
H&M Q1 sales up by 12%
H&M released preliminary results for the first quarter ended Feb. 28 that showed that net sales increased by 12 percent to SEK 54.872 billion (€4.91bn). The top line was 3 percent higher in local currencies. Excluding Russia, Belarus and Ukraine the increase was 16 percent on a reported basis and ...
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News briefsInditex posts record sales
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted record sales of €32.6 billion in the full year ended Jan. 31, up by a reported 17.5 percent and by 18 percent at constant currency rates. Constant currency growth was driven by rises ...
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ArticleTod’s returns to the black, sees sales rising 7% in 2023
Tod’s reported a net profit of €23.1 million in 2022 compared to a bottom line loss of €5.9 million the year earlier but nonetheless decided to skip a dividend payment for the fourth year running. Emilio Macellari, the chief financial officer, indicated in a conference call with analysts that a ...
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News briefs
BasicNet FY Ebitda rises by 38%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, reported a net profit of €11.2 million in 2022 against earnings of €65.7 million a year earlier, which was bloated by a €60.9 million contribution from K-Way. Annual Ebitda rose by 38 percent to €60.9 ...
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ArticlePrada’s footwear business outperformed in 2022
In 2022, the Prada group’s footwear business outperformed the other main product categories by increasing retail sales by 29 percent at constant currency rates to €691 million, driven by both formal and lifestyle products. Meanwhile, ready-to-wear jumped by 27 percent to €1,086 million and leather goods grew by 18 percent ...
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News briefs
Gap makes management changes as it streamlines
Gap Inc., which manages the banners Old Navy, Gap, Banana Republic and Athleta, announced several changes to its executive leadership team and additional cost-cutting measures. The U.S. retailer said that it will further simplify and optimize its operating mode, including decreasing management layers to improve the quality and speed of ...
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ArticleArezzo starts 2023 with 23% growth in DTC sellout after record 2022
Arezzo & Co began 2023 with continued momentum after a record sales performance in 2022, wrapping up two acquisitions and registering a 22.8 percent increase in direct-to-consumer (DTC) sellout to 611 million reais (€110.2m) in the first two months of the year. Management said that the performance in January and ...
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News briefs
Vibram aims to double its footwear sales
Vibram, the Italian sole producer, aims to double its sales of own-brand footwear which reached €18 million in 2022, Paolo Manuzzi, the chief executive of the Italian sole producer, said in an interview with the daily Il Sole 24 Ore. Last year, the group’s overall sales rose by 50 percent ...
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ArticleGeox confirms sales growth targets, to continue with DOS closures
Geox confirmed its 2023 targets for 6-8 percent sales growth and a further improvement in profitability, as it revealed a €4.3 million operating profit in 2022 after three years of losses. The result compared to an operating loss of €44.9 million in 2021 and was achieved as a restructuring aimed ...
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ArticleGenesco to focus on cost-cutting this year
Citing a rapidly changing consumer environment, Genesco is making numerous changes to its business as it braces for a challenging first half ahead of an anticipated better second half of the year. The current full-year outlook calls for total sales of flat to up 2 percent and earnings per share ...
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News briefsHugo Boss sees 2023 sales up about 5%
Hugo Boss expects to post a mid-single-digit percentage rate increase in sales in 2023 while Ebit is seen rising by 5 to 12 percent from 2022 levels to €350 million to €375 million. For both, EMEA and the Americas region, the company anticipates growth in the low- to mid-single-digit percentage ...
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ArticleWeyco sales inch down in Q4 due to North American wholesale
Weyco Group posted sales of $99.0 million in the fourth quarter of 2022, a decline of 2 percent compared to the year earlier that had been expected due to the fact some wholesale orders in the third quarter of 2021 had been shifted to the fourth quarter amid supply chain ...
