All Financial results articles – Page 40
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ArticleStuart Weitzman is profitable again despite a weak Q4
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, posted higher sales and returned to an operating profit in the full year ended on July 2 despite a weak fourth quarter. Revenues for the full year increased by 12 percent to $317.7 million, or by 11 percent on ...
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News briefs
TJX’s sales decline in Q2 and are expected to be weak in H2
TJX rerported that in the second quarter ended July 30 net sales fell by 2 percent year-on-year to $11.8 billion as U.S. comparable store sales decreased by 5 percent. Net income for the second quarter was $809 million, and diluted earnings per share (EPS) were $0.69 versus $0.64 a year ...
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News briefsVulcabras’ sales, profits soar in Q2
Vulcabras’ net income rose by 207 percent to 95.0 million Brazilian reais (€18.1m) from R$30.9 million for the period ended June 30. Operating earnings (Ebit) increased 73 percent to R$236.2 million (€45.1m). Ebitda was 30 percent higher at R$133.4 million (€25.5m) as the year-on-year gross margin percentage improved to 36.0 ...
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ArticleAlpargatas sees Havaianas’ revenues fall double-digit rates in U.S., China
Alpargatas suffered double-digit rate declines in the sales of its rubber sandal brand in both the U.S. and China during the second quarter but realized an 11.8 percent increase in price per pair during the period. Havaianas’ sales declined 46.3 percent in China to 8.7 million Brazilian reais (€1.7m) due ...
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News briefsThredUP loses $28 million in Q2, to axe 15% of headcount
ThredUP, a Californian company operating in the apparel resale market that also provides a platform for third-party brands, announced its financial results for the second quarter ended June 30. Revenues increased by 27 percent to $76.4 million, while active buyers increased by 29 percent to 1.7 million. The gross margin ...
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Article
Yue Yuen H1 profits dragged down by Pou Sheng
Yue Yuen reported a 2.8 percent increase in first-half net income of $175.0 million versus $170.3 million for the six months ended June 30. Six-month revenues fell by 2.0 percent to $4,709,792,000 from $4,807,087,000, however, manufacturing segment sales were up by 14.4 percent to $3.19 billion. Ebit declined 17.7 percent ...
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ArticleWolverine lowers FY forecast
Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...
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ArticleJimmy Choo continues to grow strongly
In the first quarter ended July 2, Jimmy Choo posted revenues of $172 million, up by 21.1 percent year-over-year on a reported basis and by 30.3 percent at constant currency rates. Excluding mainland China, which has been impacted by tough Covid-19 restrictions, revenues grew a reported 32 percent and 43 ...
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ArticleAllbirds cuts costs and jobs as loss widens
Allbirds reported a net loss of nearly $29.4 million in the second quarter ended June 30 against a loss of $7.6 million a year earlier. The operating loss was $29.3 million versus a loss of $4.17 million. Total revenues increased by15 percent, or 18 percent currency-neutral, to $78.2 million from ...
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ArticleWeyco’s main brands rise sharply, Forsake’s relaunch scheduled next year
Weyco Group reported double-digit sales increases for its each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise ...
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ArticleRocky Brands to hike prices in September to improve margins
Despite having increased prices at the beginning of 2022, Rocky Brands suffered a significant decline in second-quarter gross margin due to higher product and inbound freight costs coupled with higher logistics expenses. The company now plans another round of price increases in September. ”We raised our prices at the start ...
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ArticleCrocs lowers its full-year outlook
Crocs lowered its annual revenue guidance and reported a significant decline in its second-quarer operating margin,. The company is now forecasting 14 to 17 percent constant currency revenue growth for its Crocs brand (10 to 13 percent on a reported basis) for the fiscal year to a range of ...
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ArticleAlibaba’s e-commerce sales decline
In Alibaba’s first quarter ended on June 30 revenues fell very slightly to RMB 205.555 billion ($30.689bn) from RMB 205.740 billion a year earlier due to a 1 percent decline in revenues in the China commerce segment to RMB 141.935 billion ($21.190bn), offset by revenue growth of the cloud segment ...
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ArticleZalando sees return to growth in H2
Zalando expects to return to growth in the second half of the year after posting a 4 percent drop in second-quarter revenues to €2.6 billion and seeing its adjusted Ebit slump to €77.4 million from €184.1 million a year ago. In the second quarter, the number of active customers grew ...
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News briefs
Next Q2 sales ahead of expectations
In the second quarter ended on July 30, Next’s full-price sales rose by 5.0 percent versus last year and were £50 million (€59.4m) more than it had expected. The British apparel retailer maintained its full-price sales growth guidance second half at 1.0 percent. But, Next increased its full-year profit guidance ...
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News briefsCoats’ Apparel & Footwear sales up 21% in H1
The British thread manufacturer Coats posted sales of $801 million in the first half of 2022, up by a reported 14 percent and by 19 percent at constant currency rates driven by its Apparel & Footwear (A&F) division. The top line benefited from favourable underlying market conditions and early pricing ...
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News briefs
Pollini’s H1 sales surge
Pollini, the luxury footwear brand owned by the Italian fashion house Aeffe, posted sales of €16.5 million in the first half of 2022 compared with €11.2 million a year earlier. Meanwhile, Aeffe booked revenues of €176.5 million during the period, up by 13.9 percent on the year earlier on a ...
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News briefs
Footwear was Prada’s fastest growing category in H1
Footwear was the fastest growing category for the Prada Group in the first half of 2022, rising by 39 percent year-over-year at constant currency rates to represent €320 million in retail sales. Meanwhile, ready-to-wear was up by 31 percent to €461 million and leather goods increased by 18 percent to ...
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News briefs
Hermès H1 sales up 29%
In the first half of 2022, Hermès’ attributable net income rose to €1,641 million from €1,174 million a year earlier as revenues reached €5,475 million, up by 29 percent at current rates and by 23 percent at constant rates. Sales for the leather goods and saddlery business totaled €2,358 million, ...
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ArticleGeox expects a double-digit growth rate in annual revenues
Following a strong second quarter and a good performance in physical shops, Geox confirmed its guideline for the full year. The Italian footwear company expects a double-digit growth rate in annual revenues to over €700 million. Geox reported €340.6 million of consolidated net sales for the first half of 2022 ...
