All Financial results articles – Page 48
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ArticleZalando releases a disappointing 2022 guidance
Zalando posted better-than-expected sales in 2021 but released a disappointed guidance for 2022, which prompted the company’s share price to drop nearly 10 percent on the day. In the full year ended Dec. 31, the German online fashion retailer posted a 29.7 percent increase in revenues to €10.35 billion, compared ...
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ArticleFarfetch profitability improves on lower markdowns
Farfetch posted a strong improvement in its gross operating profit thanks to a reduction in markdowns. In a conference call, José Neves, the company’s founder and chief executive, said that out of the 10 brands on its marketplace “five now follow a full-price strategy for their e-concessions” while the retailer’s ...
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ArticleSteve Madden eyes DTC, Europe and apparel for more growth
Steve Madden reported a net income of $66.0 million in the fourth quarter against $22.6 million a year earlier. On adjusted basis, the bottom line grew to $70.4 million from $21.8 million. Total revenues rose by 65 percent to $575.1 million for the quarter ended Dec. 31. Sales highlights included ...
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ArticleGeox starts 2022 strongly but Ukraine conflict casts shadow
Geox said it has started 2022 strongly, but highlighted uncertainty about the potential impact of the conflict in Ukraine on its results. The Italian footwear company could not currently quantify the impact of the conflict and economic sanctions against Russia on its performance. In 2021, the company achieved €51 million ...
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ArticleGrendene’s export business shines in challenging year
Grendene, despite facing persistent supply chain challenges and an uneven recovery around the globe from the Covid-19 pandemic, generated strong export sales gains in the fourth quarter and in 2021. Strong recoveries in the European and in Latin American markets contributed to the improvement. The Brazilian footwear maker, whose portfolio ...
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News briefs
Wildberries books record sales of fashion items
A record 336 billion rubles (€3.85bn) in fashion goods were sold on Russia’s largest e-commerce marketplace, Wildberries, in 2021. Revenues are 55 percent higher than in the previous year, partially thanks to an increase in demand for warm clothing and footwear. Growth was underpinned by an increase in shopping frequency. ...
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ArticleWolverine posts better-than-expected Q4 results
Wolverine Worldwide narrowed its fourth-quarter losses, boosted by its recent acquisition of Sweaty Betty, the U.K.-based brand of women’s fitness apparel, and it forecast sales growth of 15-18 percent for 2022. The Michigan-based owner of Merrell, Saucony, Sperry, Keds and other brands reported a net loss of $14.6 million for ...
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ArticleDriving toward breakeven results, Allbirds preps a wholesale strategy
Allbirds reported positive adjusted Ebitda of $0.4 million for the fourth quarter of 2021, compared with a loss of $5.3 million in the corresponding period of 2020, thanks to higher revenues combined with a reduction in marketing expenses from 29.8 percent to 19.1 percent of sales. The company attributed the ...
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News briefs
Hermès' full-year results surge
In 2021 Hermès posted sales of €8.982 billion, up by 30 percent compared with the pre-pandemic year of 2019. The operating margin reached a record 39.3 percent in 2021, compared with 34 percent in 2019 and 31 percent in 2020. The net profit was €2.445 billion, nearly €1 billion higher ...
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Kering posts record full-year sales
Kering achieved record revenues in 2021 at €17.019 billion, up by 34 percent as reported and up by 35 percent on a comparable basis. The recurring operating income rose by 60 percent year-on-year to a record €5.017 billion. Online sales continued to grow, up by 55 percent. The online channel’s ...
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ArticleBasicNet sees significant sales growth in Q4
BasicNet said it posted “significant” growth at the end of 2021, with consolidated revenues in the fourth quarter jumping by 26.5 percent from the year-earlier period to €80.0 million, marking an improvement of over 14 percent on 2019. BasicNet, the Italian-based parent company for brands such as Kappa, K-Way, Superga ...
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ArticleGabor 2021 sales drop 13.6% as Covid continued to weigh
The German shoe manufacturer Gabor took a hit from the coronavirus pandemic for a second straight year as extended lockdowns in the first half of the year, supply chain disruptions and rising procurement and logistics costs weighed on results. The Rosenheim-based company’s sales stood at €260 million in 2021, ...
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ArticleHotter Shoes in tie-up with M&S as revenues rise
Unbound Group, the parent company of Hotter Shoes, announced that the footwear brand enjoyed a surge in fourth-quarter revenues and will sell its comfort shoes through the British retailer chain Marks & Spencer (M&S). Unbound said that M&S will immediately start selling 32 Hotter products on its “Brands at M&S” ...
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ArticleCrocs targets $6 bn in sales in 2026
Crocs exceeded $2.3 billion in revenues last year and expects to reach a turnover of $6 billion in 2026, thanks to the takeover of Heydude and organic growth driven by its digital business. The U.S. footwear company posted a strong fourth quarter with an increase of 42.6 percent in sales ...
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ArticleOver 12 million pairs of Havaianas sold in EMEA in 2021
Havaianas, the Alpargatas-owned sandal brand, generated the equivalent of €115.4 million in revenues in Europe, the Middle East and Africa (EMEA) last year, representing a 35 percent year-over-year increase. Results were driven by the Sparkle flip-flop line and the Beyond Core category that grew 28 percent in unit volume. The ...
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ArticleStuart Weitzman sales return to pre-Covid levels
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, returned to pre-Covid sales levels in the second quarter ended Jan.1, and posted an operating profit. In the quarter, Stuart Weitzman increased sales to $115.8 million from $84.5 million. At constant currency rates, sales were up by 37 percent ...
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News briefs
Piquadro Q3 sales up over 36%
In the third quarter ended Dec. 31, the Italian leather goods firm Piquadro posted sales of €45.7 million, up by 36.4 percent from a year earlier. In the first nine months of the fiscal year, it posted revenues of €109.4 million, up by 33.3 percent. The company had a net ...
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Pittards sees 25% increase in January sales order book
Pittards, the British producer of leather and luxury leather goods, said its sales order book in January increased by 25 percent compared to the year earlier, with sales momentum continuing after revenues in 2021 jumped by 30 percent to £19.8 million (€23.5m). In a trading update on 2021 financial results, ...
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News briefs
Rexor posts positive results in 2021
Rexor, the German buying group controlled by ANWR, posted positive results in 2021. Despite months-long lockdowns and delivery bottlenecks rippling through the supply chain, the Düsseldorf-based company reported a sales increase of 0.4 percent to €177.1 million. In Belgium, where lockdowns had a smaller impact on retail, the company outperformed ...
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ArticleSkechers sets its sights on metaverse after a record 2021
Skechers revealed plans to seek growth opportunities in the metaverse after posting better-than-expected results in the fourth quarter of 2021 and sales records in every quarter of the year. Revenues in the three months ended Dec. 31 increased by 24.4 percent to $1,648 million, topping analysts expectations by about $100 ...
