All Financial results articles – Page 49
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ArticleStuart Weitzman improves profitability in Q1
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, enjoyed an improved operating margin in the first quarter ended Oct. 2, boosting its confidence of returning to profitability in the current fiscal year. In the quarter, Stuart Weitzman increased sales by 18 percent year-over-year to $66.5 million. At ...
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ArticleGeox starts Q4 with 50% rise in like-for-like DOS sales, prepares new business plan
Geox has posted an increase in like-for-like sales at directly-operated stores (DOS) of about 50 percent so far in the fourth quarter, bringing them 3 percent above the comparable period in 2019 at week 44 in its fiscal year and continuing with a recovery underway in this channel since the ...
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ArticleSaucony, Sperry underpin Wolverine's Q3 sales
Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the recent acquisition of Sweaty Betty, which saw pro forma sales growth of over 50 percent in the quarter, and the strong ...
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ArticleMizuno license helps lift Vulcabras’ sales
A relaxation of anti-Covid measures in Brazil and the addition of Mizuno’s license for the country, which was effectively transferred from Alpargatas to Vulcabras on June 30, helped to boost the latter’s revenues by 40.0 percent to a record 535.9 million Brazilian reais (€86.5m-$99.1m) in the third quarter as compared ...
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ArticleTod’s returns to pre-pandemic levels in Q3
Tod’s’ revenues beat market expectations and were slightly above pre-pandemic levels in the third quarter of 2021. The Italian luxury footwear company reported sales of €224.3 million in the period, up by 14.6 percent year-over-year and by 0.5 percent compared to the same period of 2019, and above the €208 ...
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ArticleFerragamo fails to provide full-year guidance despite better-than-expected Q3 sales
Salvatore Ferragamo posted better-than-expected third-quarter sales but declined to provide full-year estimates, citing a “volatile” market scenario. The lack of visibility prompted investors to sell the stock. Ferragamo’s shares closed at €19.13 in the Nov. 10 session, down by 4.23 percent on the previous day. The stock market retreat came ...
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ArticleSteve Madden sees European sales above $60m this year
Steve Madden continues to enjoy strong growth in Europe, where sales are expected to be above $60 million this year, representing growth of more than 85 percent compared with 2019. When including the Middle East and Africa, the EMEA region could post sales close to $100 million. In April, the ...
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ArticleRocky Brands Q3 hit by warehouse congestion after brands acquisition
In the third quarter, Rocky Brands suffered congestion issues at its Ohio warehouse as well as a surge in operating and interest costs due to the integration of Honeywell International’s performance and lifestyle footwear business. In the period ended Sept. 30, the U.S. footwear company reported “temporary fulfillment challenges” and ...
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ArticleWeyco sees an improvement in supply deliveries in Q4
The U.S. group Weyco enjoyed a rebound in sales and earnings in the third quarter of 2021, but bottlenecks in the supply chain caused delays in the delivery of merchandise from suppliers and hurt the sales of its outdoor brand Bogs. In October, however, the company began to see an ...
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ArticleJimmy Choo improves its full-year guidance
In the second quarter ended Sept. 25, Jimmy Choo posted revenues of $137 million, up by 12 percent from the prior year. The top line grew by 5 percent on a constant currency basis. The brand posted an operating income of $1 million, and the operating margin improved slightly to ...
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ArticleShoe Zone lifts profit forecasts again
The British retailer Shoe Zone has lifted its profit guidance after recent sales were better than expected. The company now anticipates annual profits to surpass pre-pandemic levels, less than two weeks after providing a trading update in which it warned that supply-chain constraints and inflation still presented challenges in the ...
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ArticleAlpargatas to invest €92 million to finance Havaianas expansion
Alpargatas will invest 600 million Brazilian reais (€92.0m-$106.4m) in 2022 to meet growing demand for its Havaianas brand. The investment will be destined to the expansion of manufacturing capacity and of the logistics network, especially in Brazil, as well as to product development. The Havaianas is the company’s key brand ...
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ArticleGrendene’s Q3 sales rise thanks to higher prices
The Brazilian shoemaker Grendene posted third-quarter gross revenues of 818.3 million reais (€125.5m-$145.2m), up by 5.9 percent from a year earlier despite a decline in sales volumes, which was offset by higher prices per pair. It was the company’s highest ever third-quarter revenues. Unit sales fell by 17.1 percent to ...
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ArticlePons Quintana expects stable sales in 2021
The Menorcan footwear company Pons Quintana expects 2021 sales to be stable compared with last year when the top line dropped by 17 percent due to the impact of the Covid-19 pandemic. The company exports about 80 percent of its footwear, its main foreign markets being Italy, Germany, France, the ...
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ArticleA strong quarter and a new CFO for Boot Barn
Boot Barn posted a strong recovery from last’s year Covid-19-related lockdowns and appointed a new chief financial officer. Net sales of the California-based shoe retailer were $312.7 million in the second fiscal quarter ended Sept. 28, up from by 69.5 percent year-over-year and up by 67.1 percent from the same ...
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News briefs
Puma raises FY sales guidance
Puma raised its outlook for full-year sales after reporting solid growth in sales and earnings in the third quarter ended Sept. 30 despite persistent supply chain headwinds and difficulties for Western brands in China. Sales in the three month period increased by a reported 20.0 percent to a quarterly record ...
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News briefs
BasicNet boosts sales, Ebitda
BasicNet said its Ebitda for the third quarter ended Sept. 30 was 23.7 percent higher than in the same period of a year ago and 6.3 percent higher than in the third quarter of 2019. Without providing a quarterly breakdown for other key indicators, the Italian-based parent company of Kappa, ...
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ArticleSkechers sees 19% sales gain in Q3, but supply chain woes will stretch into 2022
Skechers saw revenues in the third quarter ended Sept. 30 rise by 19.2 percent to a record $1,551 million, an achievement that the company described as “remarkable” amid supply chain bottlenecks that have constrained sales growth and are seen extending into 2022. At constant currency rates, sales rose by 17.1 ...
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ArticleDeckers’ Q2 sales grow by 16% on Hoka’s gains, but margins are squeezed
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings ...
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ArticleStella remains ‘cautiously optimistic’ for the remainder of 2021
The Hong Kong-based footwear manufacturer and retailer Stella International has posted a 27.5 percent year-over-year increase in third quarter revenues to $439.3 million. The quarter marked a slowdown from the first half, due to a tougher comparative basis. In the first nine months of the year, the top line grew ...
