All Financial results articles – Page 43
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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 ...
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Article
VF suffers quarterly loss, but EMEA is strongest region
VF Corp. reported a first-quarter loss, related mainly to a $92 million non-cash pension charge. Still, the EMEA region, The North Face and Timberland were the strongest performers for the company in the period ended June 30. In the face of expected currency headwinds, the company is maintaining its fiscal ...
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ArticleBoot Barn will benefit from door expansion, own brands
Boot Barn, the lifestyle Western and work-related retail chain, is targeting a 15.0 percent operating margin, annual operating income of $247 to $255 million, and 13 to 14 percent sales growth in the financial year ending in April 2023. With consolidated same store sales growth forecast to increase 2 percent ...
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News briefs
Amazon Q2 sales rise 7%
Amazon significantly increased its revenue in the second quarter despite high inflation and recession worries. Revenues increased by 7 percent year-on-year to $121.2 billion. Although operating profit fell from $7.7 billion to $3.3 billion, it exceeded experts’ expectations. On the bottom line, Amazon posted a net loss of $2.0 billion, ...
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Article
Hoka hits new heights, aims for more
Deckers Brands is working to further enhance Hoka’s escalating sales trajectory and increase its brand awareness with a new “Fly Human, Fly” global marketing campaign, additional expansion outside the U.S. and a broader product reach that will tap into the trail, hike, walking, and lifestyle segments desired by key age ...
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ArticleSteve Madden confirms full-year guidance despite a drop in consumer demand
Steve Madden posted a strong second quarter, beating earnings and revenues expectations, and confirmed its full-year targets despite a slowdown in consumer demand. The company saw a 34.5 percent increase in revenues in the second quarter of 2022 to $535.0 million, up from $397.9 million a year earlier and better ...
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ArticleSkechers adopts cautious H2 outlook, plans further distribution center investments
Skechers – citing currency impacts, persistent supply chain woes, a slower pace of recovery in China, and an overall uncertain global economic environment – is taking a “cautious view” for the remainder of 2022 after reporting record quarterly revenues. Describing a volatile supply chain environment over the last 4 to ...
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News briefs
Shoe Zone improves its FY guidance
Shoe Zone has increased its full-year guidance and now expects adjusted profit before tax to be not less than £9.5 million (€11.5m). The forecast excludes the profit on the sale of freehold property and foreign exchange revaluations. The previous guidance for the full year ending on Oct. 2 was for ...
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News briefs
JD Sports like-for-like sales up 5%
JD Sports Fashion said that total sales in like-for-like businesses were up by 5 percent year-over-year in the period ending June 30, which corresponds to the first five months of its fiscal year. The group confirmed its guidance for the fiscal year ending Jan. 28, 2023 of profit before ...
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ArticleCapri plans to significantly boost shoe sales
Capri Holdings aims to significantly increase the footwear and accessories sales of its brands Jimmy Choo, Versace and Michael Kors, For Versace, footwear revenues are forecast to rise from $200 million in the full year ended April 2, 2022, to $300 million over time, while for Michael Kors shoe sales ...
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News briefs
Richemont Q1 sales up 12% in local currencies
In the first quarter ended June 30, Richemont generated €5.264 billion in sales, up by a reported 20 percent year-over-year and 12 percent higher at constant exchange rates. At constant currency rates, retail sales for the Swiss luxury goods group were up by 18 percent, online retail sales rose by ...
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News briefs
Dr. Martens trading in line with its expectations
Dr. Martens said that trading since the start of its fiscal year is in line with its expectations and reiterated its full-year guidance. The company’s fiscal year runs from April 1 to March 31. The British shoemaker previously said that it expected full-year revenue growth reaching a high-teen rate thanks ...
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News briefsFarfetch posted a strong increase in sales of sustainable products in 2021
Farfetch experienced 92 percent growth year-over-year in gross merchandise value (GMV) for “conscious products” in 2021, with 7.4 percent of GMV being “conscious,” according to the 2021 ESG Report of the British online fashion retailer. It noted that there was an 84 percent increase of conscious products available on its ...
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News briefs
Calzados Bestard H1 sales up 2.5%
Calzados Bestard generated revenues of €3 million in the first half of 2022, for a year-on-year gain of 2.5 percent. With its €7 million in sales, however, last year was exceptional – the best ever for the Spanish producer of mountaineering, hiking and trekking boots. Sales this year have improved ...
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News briefs
H&M Q2 sales up 12% in local currencies
In the second quarter running from March 1 to May 31, H&M grew net sales by 17 percent to SEK 54.504 billion (€5.96bn) with a 12 percent increase in local currency terms. Excluding Russia, Belarus and Ukraine, sales were up by 17 percent in local currencies. Gross profit increased to ...
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News briefs
Shoe Zone sees FY adjusted pretax profit of at least £8.5m
Shoe Zone expects adjusted profit before tax for the full year ending on Oct. 2, to be “not less” than £8.5 million (€9.8m). The British footwear retailer said that since the publication of its interim results in May its business has been trading well and has also seen strong margin ...
