All Financial results articles – Page 47
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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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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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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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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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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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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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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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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 ...
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ArticleZalando cuts its FY guidance again
Zalando has further cut its full-year guidance as macroeconomic conditions deteriorated in the second quarter. The company had already issued a profit-warning in May with the release of its first-quarter results, which included the first decline in quarterly sales of the history of the German online fashion retailer. For the ...
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ArticleJD Sports’ FY earnings surge
In the full year ended Jan. 29, JD Sports Fashion’s basic earnings per ordinary share rose to 7.17 pence (8.4 euro cents) from 4.61 pence as revenue grew to £8.563 billion (€9.977 bn) from £6.167 billion. Adjusted earnings per ordinary share doubled to £12.84 pence (€14.90) from 6.44 pence. The ...
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ArticlePrimark to trial a click-&-collect service in the U.K.
The clothing, shoe and accessories retailer Primark is making its first move into online shopping in the U.K., where it will trial a ‘click-and-collect’ service as it reported a sharp rise in third-quarter sales. The company, owned by Associated British Foods (ABF), is launching the trial at 25 stores in ...
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ArticleEl Naturalista enjoys a strong rebound with its summer collection
El Naturalista’s summer collection is benefiting from a 26 percent increase in sales compared with the previous year as the Spanish brand owned by The Art Company rebounds from the dip caused by the Covid-19 pandemic. In 2019, the company, which is owned by five shareholders, of which three are ...
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ArticleBoohoo Q1 sales slip but company sees better second half
Boohoo reported a fall in first-quarter sales amid tougher trading conditions due to higher returns amid falling consumer confidence. The U.K. online fashion group, which sells clothing, shoes, accessories and beauty products, saw revenues fell by 8 percent to £445.7 million (€520m) in the three months to May 31. Like ...
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ArticleAsos issues a profit warning as customer returns surge
Asos has warned that profits could slump to as little as £20 million (€23.4m) in the full year ending in August, down from more than £190 million a year earlier as rising inflation prompted customers to return more items. In an unscheduled trading update, the British online fashion retailer ...
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ArticleScarpa FY sales €134m, up 22%
Scarpa, an Italian producer of outdoor footwear, posted sales of €134 million in 2021, up by 22 percent year-over-year, following a 4 percent increase in 2020, as more people took up walking during the Covid-19 pandemic. Last year, the company achieved 82 percent of its revenues outside Italy. Its main ...
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ArticleInditex posts highest gross margin in a decade
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted a 36 percent increase in revenues to €6.74 billion in the first quarter ended April 30 thanks to a strong performance across all geographies with the exception of Ukraine, Russia and China. The ...
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ArticleCCC’s sales and margins grow in Q1
In the fiscal first quarter ended in April, the CCC Group posted sales of 1.9 billion zloty (€413m), up by 33 percent from a year earlier, with e-commerce contributing to 55 percent of revenues. The group pointed out that it achieved growth in all segments and that its spring-summer collection ...
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ArticleDesigner Brands gains market share in North America
Designer Brands, the parent company of the footwear retailers DSW Designer Shoe Warehouse, Shoe Company and Shoe Warehouse, claims that it has gained market share in the U.S. and in Canada during the first quarter ended April 30 as it focuses on leading brands, as well as its own labels, ...
