All Financial results articles – Page 5
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ArticleWolverine’s inventory and debt are below expectations at the end of 2023
Wolverine World Wide confirmed its sales and earnings guidance released in November, while inventory and net debt are below expectations. The U.S. company expects full-year and fourth-quarter revenues of approximately $2.24 billion and $527 million, respectively. The annual and quarterly revenues for the ongoing business are estimated at $2.20 billion ...
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ArticleCrocs hikes its FY guidance
Crocs now expects to post record 2023 revenues of approximately $3.95 billion, which would represent more than 11 percent growth year-over-year, compared with the previous guidance of a 10-11 percent increase. “2023 was a strong year for Crocs, Inc. that culminated in a successful holiday season with market share gains ...
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Piquadro’s revenues up by 3.7% in first 9 months
The Italian leather goods company Piquadro generated revenues of €131.5 million in the nine months ended Dec. 31, up by 3.7 percent compared to the previous year. At constant exchange rates, revenues rose by 4.8 percent. Revenues at the Piquadro brand increased by a reported 9.8 percent, and by 11.7 ...
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Boot Barn reports a sharp drop in same-store sales
In the fiscal third quarter ended Dec. 30, Boot Barn estimated that net sales grew by 1.1 percent year-over-year to $520.4 million thanks to new store openings. The company opened 11 new stores in the third quarter, or 37 stores year-to-date, bringing the total store count to 382. Same-store sales ...
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ArticleNext lifts guidance again but warns of potential stock delays from Red Sea shipping attacks
Next has lifted annual guidance for the fifth time in eight months after full-price sales came in £38 million (€44m) more than expected during November and December, but warned that attacks on shipping in the Red Sea by Iran-backed Yemeni Houthi militants could cause supply delays. Full-price sales in the ...
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ArticleJD Sports cuts profit guidance as sales disappoint
JD Sports Fashion’s sales came in lower than expected in the 22 weeks to Dec. 30 and the British retailer cut its full-year profit guidance. The company reported that constant currency organic revenue growth was 6.0 percent during the 22-week period, while like-for-like growth was 1.8 percent. “This was slightly ...
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ArticlePikolinos’ full-year sales rise to a record €138m
In the fiscal year ending on April 30, 2023, Pikolinos Group posted a record turnover of €138 million, up by 29 percent from the previous year primarily fuelled by the success of its flagship brand, Pikolinos. The year was the first under the full leadership of the second generation of ...
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H&M misses sales expectations
In the fourth quarter ended Nov. 30, H&M’s sales were virtually flat year-on-year totaling SEK 62.629 billion (€5.57bn) and fell by 4 percent in local currencies. Market expectations were for sales of SEK 62.9 billion. Excluding Russia and Belarus, sales of the Swedish fashion retailer rose by 3 percent, but ...
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Inditex 9-month sales up by 14.9% at constant exchange rates
In the nine months to October 31, Inditex’s sales grew by 11.1 percent to €25.6 billion, showing “very satisfactory” development both in stores and online, the Spanish fashion fast group said in a statement. Sales at constant currency rates rose by 14.9 percent. Gross profit increased by 12.3 percent to ...
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ArticleCCC Group starts Q4 with 10% sales boost led by HalfPrice
CCC Group said that in November it posted its highest monthly sales figure ever, with sales at its off-price banner HalfPrice surging as consumers continue to seek bargains in the uncertain economic backdrop and new store openings bear fruit. In the period from Nov. 1 to Nov. 25, at the ...
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ArticleDesigner Brands slashes guidance after sharp decline in Q3 boot sales, post-Cyber Monday ‘lull’
Designer Brands slashed its guidance for the full year after reporting lower-than-expected sales and earnings in the third quarter ended Oct. 28 as consumers continued to be selective and an industry-wide decline in seasonal footwear had an “outsized” impact on the U.S. footwear group given its large seasonal assortment. “The ...
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Zegna sees sales up over 10% annually in the medium term
Zegna aims for a compound annual growth rate (CAGR) in revenues at group level of over 10 percent in the medium term and adjusted Ebit growth of around 20 percent. “This will generate significant cash surplus even while taking into consideration higher, targeted investments in marketing and capital expenditure to ...
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ArticleGenesco sees promotional activity driving sales, pressuring margins in Q4
Genesco has raised its guidance for full-year sales while lowering expectations for profit margins following a strategic decision to increase promotional activity going into the holiday season as retailers continue to compete for more selective consumers. In the third quarter ended Oct. 28, group sales decreased by 4 percent compared ...
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ArticleDr. Martens cuts its guidance as it continues to struggle in the U.S.
Dr. Martens cut its guidance for its full fiscal year as it warned that it is taking longer than anticipated for a turnaround of its business in the U.S., where it faces an increasingly difficult consumer environment and lacks visibility on wholesale sales. The U.K. footwear company said it now ...
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ArticleCaleres sees Famous Footwear sales continuing decline in Q4, growth at Brand Portfolio
Caleres expects sales at its Famous Footwear chain will continue to decline in the fourth quarter of its financial year at roughly the same pace seen in the third quarter, while its Brand Portfolio segment is poised to resume year-on-year growth. In the third quarter ended Oct. 28, sales at ...
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ArticleGolden Goose’s revenues rise by 19% in the first nine months
Golden Goose’s revenues in the first nine months of 2023 stood at €421 million, up by 19 percent year-over-year and up by 60 percent compared with 2021. The brand achieved 69 percent through direct-to-consumer channels. In the sole third quarter of 2023, revenues of the Italian sneaker brand were up ...
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ArticleCoats’ sales trends improve in H2
In the four months running from July 1 to Oct. 31, Coats’ overall revenues fell by a reported 9 percent year-on-year, while organic revenues dropped by 12 percent at constant currency rates, an improvement on the first half of the year. In the first six months of 2023, organic growth ...
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ArticleShoe Carnival sees Q4 comparable sales down 9-12%, cuts FY guidance after disappointing Q3
Shoe Carnival forecast that comparable sales would decrease by 9 to 12 percent in its fourth quarter ending in January 2024 and cut its guidance for the full year, amid limited visibility on consumers’ buying behavior in the upcoming holiday season and after unseasonably hot weather in September and October ...
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Scarpa could sell a 25% stake to an outside investor
Scarpa is believed to have hired the investment bank Finint to find an investor ready to buy an about 25 percent in the Italian footwear company, according to the daily Corriere della Sera. The transaction would enable the company to raise funds to accelerate its expansion, which could include acquisitions, ...
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Burberry issues a profit warning as demand for luxury goods slows down
Burberry warned that due to a slowdown in luxury demand globally it is unlikely to achieve its revenues target for the year ending at the end of March and in this context the adjusted operating profit is now expected to come in towards the lower end of the £552 million ...
