All Financial results articles – Page 46
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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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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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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 ...
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ArticleGrendene’s sales driven lower by Brazilian market
Grendene’s first-quarter gross revenues fell by 2.1 percent to 630.8 million reais (€120.3m) driven by an 8.9 percent drop in domestic sales to R$429.9 million (€82.0m), partially offset by a 16.4 percent increase in export revenues to R$200.9 million (€38.3m). Brazilian sales were affected by a challenging economic environment, characterized ...
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News briefs
Amazon's operating income tumbles
Amazon’s first-quarter revenue rose by 7.3 percent year-over-year to $116.44 billion. Operating income, however, decreased to $3.7 billion and net loss was $3.8 billion. On a diluted basis, this resulted in a loss per share of $7.56.According to Amazon, this was mainly due to a $7.6 billion loss from the ...
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News briefsStella’s Q1 revenues up 26%
In the first quarter of 2022, Stella International increased revenues by 26.3 percent to $383.3 million from $303.4 million a year earlier, driven by higher orders from its manufacturing business, which led to full utilization of its production capacity. Manufacturing revenues grew to $374.6 million from $299.8 million and shipment ...
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ArticleSteve Madden lacks visibility for year end
After posting stronger-than-expected first-quarter revenues, Steve Madden warned that it suffers a lack of visibility about the fourth quarter of 2022 due to the potential headwinds stemming from the macroeconomic environment. Despite renewed lockdowns in China, due to the country’s zero-Covid policy, the U.S. footwear and apparel company has not ...
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Article
Skechers performs despite China, supply chain concerns
Net income jumped 23 percent to $121.2 million in the first quarter ended March 31 on 27 percent revenue growth to a record $1.82 billion versus $1.43 billion a year earlier. Skechers’ top and bottom-line gains were accomplished despite a challenging environment in the APAC region and persistent higher unit ...
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News briefs
Gucci’s Q1 sales disappoint
Kering reported revenues of €4.956 billion in the first quarter of 2022, up by a reported 27 percent and by 21 percent on a comparable basis. Sales of the key Gucci brand amounted to €2.591 billion in the quarter, an increase of 20 percent on a reported basis and 13 ...
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ArticleTHG sees FY Ebitda margin in line with 2021
In 2021, THG, also known as the The Hut Group, suffered a decline in its gross operating margins due to adverse foreign exchange movements, investments, increasing raw material costs and freight costs which saw a marked acceleration in the second half of the year. The British online retailer expects this ...
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News briefs
Castañer 2021 sales rise to over €19m
Castañer said that it posted a signficiant increase in sales last year to €19.3 million, however without giving an exact figure for the rise. The Spanish producer of espadrilles indicated that retail sales rose by 45 percent, with the gross margin improving by 2 percentage points, and digital revenues grew ...
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News briefs
Fratelli Rossetti 2021 sales rise by 40%
Fratelli Rossetti posted sales of €40 million in 2021, up by 40 percent year-over-year. In an interview with the daily Corriere della Sera, Diego Rossetti, the chairman of the Italian luxury footwear producer, indicated that the company does not rule out opening its capital to investment funds to finance ...
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News briefs
Velasca sales up by 80% in Q1
Velasca, the Italian footwear company launched in 2013, increased first-quarter sales by 80 percent year-over-year and expects to generate sales of about €18 million this year compared with some €13 million in 2021. The brand, which has its shoes produced in Montegranaro in the Italian Marche region, initially focused on ...
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News briefs
Marsèll sees 2022 sales above €16m
The Italian footwear and leather goods company Marsèll expects 2022 sales to rise to above €16 million from more than €14 million in 2021, when the top line grew by 57 percent compared with 2020 and by 26 percent from 2019. The company, which was founded in 2001 in the ...
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News briefs
Hermès Q1 sales up by 33%
In the first quarter of 2022, Hermès posted revenues of €2,765 million, up by 33 percent on a reported basis and 27 percent at constant exchange rates. Sales were particularly dynamic in group stores, especially in America and Europe, driven by the acceleration in all the business lines and the ...
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News briefs
LVMH enjoys a strong start to the year
LVMH saw organic sales of its fashion and leatherwoods division rise by 30 percent in the first quarter of 2022 compared to the same quarter of 2021, as the French luxury goods conglomerate said that it has enjoyed a “good start to the year.” On a reported basis, the division ...
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ArticleAsos warns about surging inflation
The British online fashion retailer Asos reported a plunge in first-half profits due to supply chain issues and warned its expectations for a much better second half could be hit by surging inflation. The company also revealed a £14 million (€16.8m) hit from its decision to stop selling clothes in ...
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ArticleDesigner Brands upgrades its full-year guidance
Designer Brands improved its guidance for the fiscal year ending in January 2023 and now expects earnings per share (EPS) to be $1.80-$1.90, up from a previous guidance of $1.75-$1.85. The U.S. footwear company is also reinstating a dividend of 0.05 dollars per share for the first quarter of fiscal ...
