All Financial results articles – Page 38
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News briefs
BasicNet posts strong 9-month results
BasicNet, the Italian parent of various brands including Kappa, K-Way, Sebago, Superga and Sabelt, generated a 31 percent increase in Ebitda to €44.1 million from €33.6 million for the nine months ended Sep. 30. Ebit increased 37 percent to €33.3 million over the period. A 30 percent improvement in consolidated ...
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Article
VF braces for weaker consumer environment, lowers FY outlook
VF Corp is maintaining its full-year revenue growth guidance of 5-6 percent, citing its balanced portfolio and a building recovery in China as two examples, but has lowered expectations on some key financial metrics due to currency headwinds, higher inventory levels and a more promotional environment. The North Face parent ...
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ArticleBoot Barn lowers its full-year guidance
Boot Barn topped expectations in the second fiscal quarter but slightly reduced its full-year guidance due to market uncertainty. In the three months ended Sept. 24, the California-based shoe retailer posted sales of $351.5 million, up by 12.4 percent compared to the previous year, better than the company’s expectations of ...
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ArticleZegna Q3 sales up 27.5%
The Italian fashion house Ermenegildo Zegna, owner of the Zegna and Thom Browne brands, generated revenues of €357 million in the third quarter of 2022, up by 27.5 percent compared to the year earlier. Revenues for the first nine months of the year reached €1.09 billion, 22.9 percent higher than ...
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ArticleSkechers cuts Q4 outlook as Q3 net dips
Skechers, impacted by $50 million in incremental freight and logistics costs and elevated operating expenses, reported a 17 percent decline in third-quarter profit to $85.9 million from $103.1 million for the period ended Sept. 30. Operating expenses were nearly 20 percent higher at $754.0 million, and gross margin was down ...
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ArticleShoe Zone lifts earnings guidance as revenues surge
Shoe Zone lifted its earnings guidance after full-year revenues surged by a third as stores were fully open during the business year after the easing of Covid-19 related lockdowns. The British footwear retailer now expects adjusted pre-tax profits for the year ended on Oct. 1 to be at least £11 ...
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News briefs
THG’s sales rose 2.1% in Q3
THG, also known as the The Hut Group, posted a 2.1 percent increase in revenues to £518.6 million (€597m) in the third quarter of 2022 and an 8.8 percent rise to £1,595 million (€1,838m) in the first nine months of the year. The British online retailer said revenue growth was ...
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News briefs
Stella’s sales slow down
In the third quarter of 2022, Stella International increased overall revenues by 4.8 percent year-over-year to $460.5 million, with manufacturing revenues rising to $453.6 million from $431.6 million. In the first nine months of the year, revenues increased by 13.5 percent to $1,288 million, with manufacturing sales increasing to $1,261 ...
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News briefs
Kering’s Q3 sales up 23%
In the third quarter of 2022, Kering’s revenues rose by 23 percent to €5,137 million. On a comparable basis, the top line was up by 14 percent. Sales at the group’s key Gucci brand totaled €2,581 million, up by 18 percent as reported and by 9 percent on a comparable ...
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News briefs
Nordic countries weigh on Footway’s results
Habit.se reports that Swedish e-commerce company Footway Group posted an operating loss of SEK 13.5 million (€1.2m) in the third quarter, compared with SEK 0.8 million (€72,700) in the corresponding period last year. Overall, the company posted sales of SEK 261.6 million (€23.8m) in the third quarter – SEK 76.3 ...
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News briefsHermès 9-month sales up by 30.0%
In the first nine months of the year, Hermès’ sales stood at €8,611 million, up by 30.0 percent on reported basis and 24.0 percent at comparable exchange rates. Sales for the sole leather goods and saddlery business were up by a reported 19.1 percent and by 12.5 percent at ...
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ArticleAsos to write off stock as new CEO launches reorganization
Asos is writing off up to £130 million (€150m) of stock and starting a price slashing program to reduce inventory as it embarks on a reorganization of the business under the leadership of its new chief executive, José Antonio Ramos Calamonte. The company had built up inventory to cope with ...
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News briefs
Piquadro sales up by 25% in H1
In the first half ended Sept. 30, the Italian leather goods firm Piquadro posted sales of €80.2 million, up by 25 percent from a year earlier. Sales rose by 23.4 percent to €37.2 million in Italy and were up by 30.9 percent to €40.9 million in the rest of Europe. ...
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News briefs
Manolo Blahnik revenues up 65% in 2021
Manolo Blahnik posted revenues of €69.9 million in 2021, up by 65 percent year-over-year thanks to a triple-digit growth rate in digital sales. On a comparable basis, the top line rose by 47 percent. Ebitda improved to €8.8 million from €0.5 million. The company returned to a profit, with pretax ...
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ArticleSpartoo H1 GMV falls 1.6% as demand slows
Spartoo saw its gross merchandise volume (GMV) in the first half ended June 30 decrease by 1.6 percent compared to the year earlier to €104.3 million, as consumer demand slowed in the face of accelerating inflation and uncertainty tied to the war in Ukraine. GMV from B2C services was the ...
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Article
VF Corp. maps out growth strategy, trims FY23 outlook
VF Corp., which counts a dozen brands in its portfolio, is targeting a five-year compounded annual revenue growth rate in the mid-to high single digits, earnings per share expansion of high single to low double digits and an operating margin of approximately 15 percent by FY27. The U.S. parent of ...
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ArticleBoohoo issues profit warning as H1 sales slump, product returns increase
Boohoo has issued a profit and sales warning after a 10 percent fall in first-half revenues driven by the cost-of-living crisis. The fast-fashion online retailer, whose brands include Pretty Little Thing and Nasty Gal, said revenues fell to £882million (€986.7m) in the six months to Aug. 31 and forecast annual ...
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ArticlePittards sees ‘strong’ order book after H1 sales rise 7%
Pittards, the British leather and leather goods company, posted revenues in the first half ended June 30 of £10.4 million (€11.7m), up by 7 percent on the year earlier, as its sales order book remained “strong” across market sectors. The gross margin in the six-month period widened to 30 percent ...
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ArticleHotter Shoes lifts sales but notes pressure on consumer spending
Hotter Shoes’ owner, Unbound Group, reported higher half-year sales and margins driven by strong demand, despite the tougher economic outlook. Unbound, formerly known as Electra Private Equity, said revenues rose to £27.6 million (€31.60m) from £25.0 million, driven by its multi-channel sales model. It posted a pre-tax loss of £2.14 ...
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ArticleNice Footwear’s sales and profits rise sharply
Nice Footwear posted strong top line and bottom line growth in the full year ended on April 30, 2022, despite a rise in costs. Revenues grew by 51 percent to €32.8 million, with €17.1 million of sales achieved in Italy and €15.7 million abroad. The top line of Italian footwear ...
