All Financial results articles – Page 49
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ArticleUGG and Hoka grow but higher costs hit Deckers’ margins
UGG and Hoka One One drove Deckers Brands’ growth in the third quarter ended Dec. 31, but higher transport costs and supply chain bottlenecks impacted negatively on the company’s margins. The company noted that the most significant impact of supply chain disruptions are extended transit lead times and cost pressures ...
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ArticleCapri expects to post record full-year earnings
In the fiscal third quarter, Capri Holdings’ revenues and earnings exceeded the company’s own expectations. This prompted the luxury goods conglomerate, that owns Versace, Jimmy Choo and Michael Kors, to raise its full-year adjusted diluted earnings per share guidance to $6.00, the highest level in its history, while targeting double-digit ...
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LVMH fashion and leather goods business posts strong Q4
LVMH saw organic sales of its fashion and leatherwoods division rise by 51 percent in the fourth quarter of 2021 compared to the same quarter of 2019, as the French luxury goods conglomerate expressed confidence in “its ability to maintain its current growth momentum.” For the full year, reported revenues ...
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ArticleANWR posted a decline in footwear sales in 2021
A diversification across many activities, industries and regions helped the ANWR Group weather the pandemic and offset a decline in the footwear business. In 2021, the group increased its revenues by 11 percent to €19.8 billion, thanks to the contribution of its financial services businesses DZB Bank and Aktivbank. In ...
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ArticleNice Footwear posts positive results despite headwinds
Nice Footwear announced ”substantially positive” first-half results despite the negative impact of the Covid-19 pandemic and the rising of shipping costs and duties. In the six month ended Oct. 30, 2021, the Italian footwear group reported €14.8 million in total revenues, of which €7.37 million generated in Italy and €7.49 ...
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ArticleFerragamo Q4 sales up by nearly 21%
Salvatore Ferragamo reported preliminary results that showed that fourth-quarter sales increased by 20.8 percent year-over-year to €350.2 million, thanks to a strong contribution from North America and its digital channel. At constant currency rates, revenues were up by 23.5 percent. Analysts at the broker Websim said the Italian fashion house’s ...
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VF Corp. cuts sales guidance after a good quarter
VF Corp. - the owner of brands including Vans, The North Face and Timberland - cut its sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment while increasing that for ...
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ArticleH&M sales up 20% in December-January
Between Dec. 1 and Jan. 31, 2022, H&M expects sales in local currencies to increase by 20 percent compared with the same period last year. Despite the rise, it noted that the period was negatively affected by the latest wave of the Covid-19 pandemic in many of its larger markets. ...
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ArticleBoot Barn aims to boost annual sales to $2bn in 3 years
Boot Barn exceeded a billion in sales in the nine months ended Dec. 25 and aims to achieve annual revenues of $2 billion in less than three years by expanding its store network and e-commerce business. The net sales of the California-based shoe retailer increased by 74.1 percent to $1.1 ...
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Aeffe full-year footwear, leather goods sales up 30%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, posted overall revenues of €324.6 million in 2021, up a reported 20.8 percent on the year earlier and 20.6 percent higher at constant exchange rates. The group highlighted an acceleration of sales in the U.S., up by 41.4 percent, ...
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ArticleDr. Martens’ wholesale business suffers from Covid impact
Dr. Martens suffered a slowdown in revenue growth in the third quarter compared with the first half of its fiscal year due to a drop in wholesale revenues as the company prioritized e-commerce and its own stores, which offer higher margins. But, news of weak wholesale revenues prompted a significant ...
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News briefsTod’s looks to 2022 with optimism after sales top expectations
Tod’s is looking towards 2022 with optimism after reporting higher-than-expected sales in 2021 and receiving positive initial feedback on its new spring/summer 2022 collections. Preliminary sales figures for the Italian footwear company showed that sales increased by 38.7 percent in 2021 compared to the year earlier to €884 million and ...
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Metro Brands Q3 sales up by 59%
In the third quarter ended on Dec. 31, the Indian footwear retailer Metro Brands posted a 59.0 percent surge in consolidated sales to 4,840 million rupees (€57.3m-$65.0m) lifted by an expansion of the store network and the lifting of anti Covid-19 measures. The quarter was the first since March 2020 ...
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Stella's full-year sales rise to $1.5 bn
A sales increase in consolidated revenues of 44.9 percent to $405.8 million in the fourth quarter of 2021 is expected to lead to an increase of 35.6 percent to around $1.5 billion for the full financial year, said Stella International, thanks to a continued recovery in orders for its shoe ...
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Online and wholesale revenues up at Oliver Sweeney
According to Draper’s, Oliver Sweeney enjoyed a 31 percent year-on-year increase in online sales for the eight weeks ended on Dec. 26. Wholesale revenues were up “significantly” year-on-year as well. The U.K. footwear retailer reportedly accomplished this with less promotion than usual. Drapers reported in 2020 that Oliver Sweeney had ...
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Prada FY sales up 41%
In 2021, Prada posted sales of €3.364 billion, up by 41 percent from 2020 and by 8 percent from 2019 at constant currency rates driven by its retail business. In the second half of 2021, the Italian fashion house enjoyed a sharp improvement in sales, operating margins and cash generation. ...
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ArticleJD raises its profit forecast again
JD Sports Fashion expects that its pre-tax profit for the financial year ending Jan. 29 year will reach a level of at least £875 million (€1,050m-$1,197m), well ahead of the analysts’ consensus averaging £810 million, as its sales went up by more than 10 percent on a same-store basis in ...
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ArticleAsos’ Christmas season revenues disappoint
Asos reported weaker-than-expected sales over the Christmas period due to “challenging” market conditions. Nevertheless, it announced plans to transfer to the London Stock Exchange’s main list by the end of February to be more appealing to large investors. in the four months to Dec. 31, total revenues for the British ...
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Premiata launches a ready-to-wear collection
Premiata launched its first ready-to-wear collection at the 101st edition of Pitti Immagine Uomo, held in Florence from Jan. 11 to 14, as part of its product diversification. The Italian footwear company known for its sneakers launched a collection of backpacks early last year. The cloths are genderless and manufactured ...
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Caleres hikes its full-year guidance
Caleres raised its earnings per share outlook for the fiscal year ending Jan. 29. The U.S. footwear company now anticipates reported earnings of $3.29-3.39 per share. Adjusted earnings per share is seen reaching a record $4.00-4.10.
