All Financial results articles – Page 6
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ArticleBelow-average order rates continue to impact Yue Yuen
Profit attributable to Yue Yuen fell by 49 percent to $137.7 million for the nine months ended Sept. 30 from $270.1 million a year earlier, as sales declined by 14.1 percent to $5.99 billion from $6.97 billion. Manufacturing revenues declined by 20.9 percent year-over-year to $3.79 billion. Ebit sunk by ...
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ArticleArezzo sales up 13% in Q3 despite lower shoe, handbag volumes
Arezzo & Co posted gross revenues of 1,583 million Brazilian reais (€300.4m) in the third quarter of 2023, up by 12.7 percent compared to the year earlier and underpinned by an increase in full-price sales that helped to offset a drop in sales volumes for shoes and handbags. The number ...
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ArticlePollini’s sales growth turns negative
Pollini, the luxury footwear brand owned by the Italian fashion house Aeffe, posted sales of €8.9 million in the third quarter of 2023, down by 16.5 percent from a year earlier, resulting in a 4.2 percent drop in the first nine months to €26.1 million. In the first half of ...
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ArticleJimmy Choo’s sales fall on weaker consumer demand
In the second quarter ended Sept. 30, Jimmy Choo posted revenues of $132 million, down by 7.0 percent year-over-year on a reported basis and by 9.2 percent at constant currency rates due primarily to a softening in consumer demand, mainly in the Americas. Revenues in the Americas declined by 11.6 ...
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ArticleStuart Weitzman sales drop on lower off-price shipments, slower recovery in China
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $52.6 million in the fiscal first quarter ended on Sept. 30, down by 19 percent year-over-year on a reported basis and by 18 percent at constant currency rates. “Results in the quarter were pressured against ...
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ArticleGeox’s store rationalization ‘almost’ completed
Geox said that the rationalization of its network of mono-brand stores is “almost” completed. The Italian footwear company has slashed the network from 974 units at the end of 2019 to 656 at the end of September and expects to finish 2023 with 655 stores. Over the past 12 months, ...
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ArticleTod’s’ sales growth stalls in Q3
Tod’s‘ sales in the third quarter of 2023 rose by 1 percent year-over-year to €259.0 million due to a challenging comparison base and adverse exchange rates. At constant currency rates, the top line grew by 5 percent. In the first half of the year, the Italian fashion group had enjoyed ...
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News briefs
Bata India’s sales slip on inflationary pressure
Bata India said that in the second quarter end Sept. 30 revenues fell by 1.3 percent year-on-year to 8,191 million rupee (€92.0m), despite expanding its retail network, as inflationary pressure affected demand. In September, annual inflation in India stood at 5.02 percent, down from 6.83 percent in August. Ebitda rose ...
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ArticleWolverine lowers outlook as overhaul moves forward
Wolverine World Wide’s third-quarter results weren’t pretty, but they did exceed Street estimates on several fronts as the Merrell, Saucony, and Sweaty Betty parent moved forward with numerous initiatives aimed at reducing annualized costs by $215 million and turning the company’s fortunes in the right direction again. Net income ...
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ArticleAlpargatas reports a Q3 loss despite improving trends
Despite reporting 23 percent less unit volume to 51 million pairs, a 10.4 percent drop in period revenues to $896 million (€171.7m), and a net loss of R$8.5 million (€1.6m), Alpargatas realized improving trends in product sellthrough levels in the third quarter ended Sept. 30. The result was a normalization ...
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ArticleAllbirds sees Q4 sales down by 15-22%
Citing a negative impact on revenues due to its transition to a direct selling model in both Canada and South Korea, as well as plans for “heightened” promotional activity during the holiday season, Allbirds expects fourth-quarter revenues to sink by 15 to 22 percent to a range of $66 million ...
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ArticleSteve Madden enjoys strong growth in Europe
In the third quarter of 2023, Steve Madden enjoyed strong growth in Europe, but the performance in the region was not sufficient to enable the U.S. company to increase overall sales during the three-month period. “Our EMEA (Europe, Middle East and Africa) region was a standout,” commented Edward Rosenfeld, the ...
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ArticleWeyco expects another sales decline in Q4
Weyco Group said it anticipates another decline in sales in the fourth quarter of 2023 in the face of a drop in consumer demand and an inventory backlog among wholesalers. “Not only are we going up against a strong fourth quarter last year, but retail market conditions remain challenging as ...
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ArticlePrimark expected to grow sales and earnings in 2024
Primark, the fast-fashion retailer owned by Associated British Foods (ABF), posted sales of £9.0 billion (€10.4bn) in the full year ended Sept. 16, up by 17 percent at actual exchange rates and 15 percent at constant currency rates. Like-for-like sales growth was 8.5 percent for the year. ”Trading was much ...
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News briefs
BasicNet’s sales rise, Ebit declines
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, said that in the first nine months of 2023 consolidated revenues rose by 5.3 percent year-on-year to €297.5 million, while aggregate group brands revenues slipped by 7.6 percent to €858.4 million. Meanwhile, Ebitda increased by ...
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News briefs
Amazon posts 13% sales increase and more than triples net income in Q3
Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales rose by ...
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ArticleBoot Barn cuts guidance as sales continue to soften through October
Boot Barn cut its guidance for the full year after its sales performance progressively worsened during the second quarter ended on Sept. 30 and continued to soften at the start of its third quarter, amid signs of slowing consumer demand. Boot Barn now expects to post full-year sales of $1,677 ...
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News briefs
Lenzing to axe 500 jobs
Lenzing plans to reduce global personnel costs by up to €30 million, or the equivalent of around 500 full-time jobs, by not filling positions that fall vacant due to retirements and natural attrition, as well as by job cuts. The move is part of a larger plan to achieve €100 ...
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News briefs
Relaxo’s sales rise nearly 9% in H1
Relaxo Footwears, an Indian group that sells shoes under various brands including Relaxo, Flite, Bahamas and Sparx, posted revenues from operations of 1,454 crore rupee (€163.1m) in the first half ended Sept. 30, up by 8.75 percent year-on-year. Total income grew by 9.28 percent to INR 1,472 crore (€165.2m). In ...
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ArticleCrocs taking steps to reset Heydude business
There will be some immediate pain, largely negative wholesale growth in the fourth quarter, as Crocs takes additional steps to shore up the fortunes of its Heydude business. Those efforts are focused on distribution clean-up, greater segmentation by distribution channel coupled with stronger control of digital pricing, and the establishment ...
