All Financial results articles – Page 43
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ArticleGeox confirms sales outlook despite Ukraine conflict
Geox confirmed a full-year target for sales of over €700 million after posting strong and accelerating growth in the year to date, although it warned the target could be challenging should there not be a rapid resolution to the conflict in Ukraine and highlighted persistent pressures on margins due to ...
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News briefs
Golden Goose’s annual sales reach €386m
The Italian footwear and apparel company Golden Goose, known for its premium sneakers, posted sales of €385.6 million in 2021, up by 45 percent from a year earlier and by 328 percent from 2019. Revenues in the Americas rose by 75 percent compared with 2020 and by 111 percent from ...
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News briefs
Eli Group 2021 revenues reach €70.5m
Eli Group, the company that manages the footwear of the Italian apparel brand Liu Jo, posted sales of €70.5 million in 2021, up from €45 million in 2020. Sixty percent of the top line was achieved outside Italy. The company beat the €50 million target set in its business plan. ...
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News briefsPollini’s Q1 sales rise 43.5%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, booked revenues of €101.6 million in the first quarter of 2022, up by 26.8 percent on the year earlier on a reported basis and up by 26.5 percent at constant currency rates. Pollini’s sales grew by 43.5 percent and ...
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ArticleYue Yuen's profit dips on retail drag
Yue Yuen Industrial reported a 10.8 percent drop in first-quarter net profit to $97.1 million compared to $108.4 million in the year-ago period ended March 31, as growing manufacturing capacity was overshadowed by weak sales at its Pou Sheng Intl. retail subsidiary due to the resurgence of Covid-19 in mainland ...
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News briefsJD Sports lifts annual guidance despite footwear shortages
Britain’s JD Sports Fashion raised its annual profit outlook, despite a global shortage of key footwear styles and indicated upbeat sales so far this year. The company said it now expected profit before tax and exceptional items for the year to January 29 to be about £940 million (€1.1bn) and ...
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ArticleHotter Shoes posts double-digit rise in Q1 sales but warns of ‘challenging’ year
The British retailer Hotter Shoes reported a double-digit increase in first-quarter sales and maintained its annual guidance, but warned of challenging conditions for the rest of the fiscal year. Owned by Unbound Group, Hotter Shoes also reported an improvement in gross margin despite the macroeconomic backdrop of rising inflation, supply ...
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ArticleTod’s is confident about 2022 after posting positive Q1 results
In the first quarter of 2022, Tod’s reported sales of €229.6 million, up by 23 percent year-over-year. At constant exchange rates, top line growth was 20 percent growth. The revenues of the Italian luxury goods manufacturer beat market expectations of €212 million and were above pre-pandemic levels. Among the group’s ...
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ArticleWolverine Worldwide hires Boston Consulting for strategic review
Wolverine Worldwide is maintaining its full-year outlook that calls for total FY22 revenues of $2.775 to $2.850 billion. This represents a 15 to 18 percent year-over-year increase with the DTC segment representing approximately 30 percent of global revenues and the international segment another 35 percent. Wolverine’s top three brands, Saucony, ...
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ArticleFerragamo to double revenues by 2026
Salvatore Ferragamo is targeting €2.3 billion in revenues by 2026, doubling sales thanks to a three-year investment plan of €400 million, as well as “significantly” boost its operating profit. The Italian leather goods maker is also trying to reduce its dependence on the Chinese market, where it achieved 30 percent ...
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ArticleBoot Barn targets $1.740 bn in sales in 2023 after a record 2022
Boot Barn is forecasting $1.740 billion in sales for 2023, after a 66.6 percent growth to $1.488 billion in fiscal 2022. In the full year ended March 26, the California-based shoe retailer posted a better than expected growth in net sales that lead to a $575.1 million gross profit, 38.6 ...
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ArticleAllbirds adopts more cautious FY22 outlook
Allbirds, citing logistics, currency effects, and lower international sales as significant year-over-year headwinds, is taking a more cautious view of FY22. The six-year-old company is forecasting annual sales of $335 to $345 million, 18 percent gross profit improvement to a range of $170 to $177.5 million and adjusted Ebitda of ...
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ArticleCrocs hikes guidance as Heydude outperforms
Crocs increased its full-year guidance after the recently acquired Heydude brand beat expectations in the first quarter of 2022. “Underlying momentum is exceptional for Heydude,” said Andrew Rees, Crocs’ chief executive officer in a conference call with financial analysts. The acquisition of the brand was completed on Feb. 17, and ...
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ArticleEMEA paces Havaianas’ growth for Alpargatas
Alpargatas realized 17 percent currency-neutral growth for its rubber sandal brand outside of Brazil in the first quarter to 342 million Brazilian reais (€58.2m) as total pairs sold increased 11 percent to 8.9 million. The EMEA region led Havaianas’ sales gains internationally, rising 25 percent currency-neutral to R$207.9 million (€35.4m) ...
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ArticleZalando launches a profit warning as sales decline for the first time
Zalando posts the first decline in quarterly sales of its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion, but a 1.5 percent decline in revenues ...
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ArticleBoohoo to source closer to U.K. as profits fall
Boohoo reported plunging annual profits as it was hit by Covid-19-related costs and surging return rates. In an effort to optimize its operations, the British online fashion retailer plans to increase sourcing from suppliers closer to the U.K., reduce inventory levels and cut costs. It will also focus resources and ...
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News briefs
Next Q1 sales in line with guidance
In the thirteen weeks to April 30, which corresponds to its fiscal first quarter, Next’s full price sales rose by 21.3 percent year-over-year, in line with the guidance of the British apparel retailer. The company maintained its full-year guidance of full price sales up by 5.0 percent, profits before tax ...
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ArticleRocky Brands posts strong Q1 sales, profits
Net income rose 61 percent to $7.34 million from $4.49 million for the period ended March 31, as total sales soared 90.5 percent to $167.03 million from $87.67 million. But the parent of the Durango and Xtratuf brands, among others, admittedly has work to be done cutting expenses and inventories ...
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ArticleVulcabras bolstered by sports brands, e-commerce
Vulcabras’ net income soared by 270 percent to 54.0 million Brazilian reais (€9.2m) in the first quarter of 2022. Operating earnings (Ebit) jumped by 203 percent to R$64.4 million (€10.9m) in the period ended March 31, as the gross margin increased by 1.2 percent to 35.2 percent versus 34.0 percent ...
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ArticleWeyco Q1 sales nearly double in Q1
Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when sales were heavily impacted by the Covid-19 pandemic. Revenues were 10 percent higher than the first quarter of 2019, ahead ...
