All Financial results articles – Page 7
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ArticlePrada Group’s sales driven higher by Miu Miu
The Prada Group posted net revenues of €1,341 million in the first quarter of 2025, up by 13 percent year-on-year both on a reported basis and at constant exchange rates thanks to the Miu Miu brand. At actual and constant exchange rates, retail sales were up by 13 percent to ...
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ArticlePrimark committed to US expansion
Primark said it is committed to the expansion of its store network in the US despite the unreliable approach to tariffs by the US President Donald Trump. The current chain of 29 US stores accounts for about 5 percent of Primark’s sales. It has also signed leases on an extra ...
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ArticleLowa’s sales rise nearly 2% in 2024
German outdoor footwear brand Lowa Sportschuhe GmbH announced that it achieved the second-best financial result in its history in fiscal 2024, posting revenues of €233.9 million, an increase of 1.9 percent year-over-year. The company also sold 2.97 million pairs of shoes, up 0.8 percent compared to the previous year. “Our ...
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ArticleAsos narrows its losses as the turnaround plan takes hold
Asos reported lower sales in the first half of its fiscal year as it continued to clear excess inventory, but said its new business model was showing signs of progress and left it better placed to deal with the impact of US trade tariffs. The company narrowed pre-tax losses to ...
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Zegna's Q1 revenues slip nearly 1%
Ermenegildo Zegna posted revenues of €458.8 million for the first quarter of 2025, down by a reported 0.9% year-on-year and 1.2 percent organically. ”We are encouraged by these early positive results but also mindful of the recent geopolitical and economic uncertainties. And while we have not observed significant changes ...
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ArticleSkechers pulls FY guidance amid trade uncertainty after ‘exceptional’ Q1
Skechers withdrew its sales and earnings guidance for the full year amid heightened macroeconomic uncertainty and signs of weakening US consumer sentiment due to global trade policy developments. “As we began 2025, we communicated our belief reflected in our annual guidance that this would be another year of growth on ...
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ArticleHermès plans to hike prices in the US due to tariffs
Hermès plans to increase prices in the US to fully compensate for the 10 percent tariff on most imported introduced by the administration of US President Donald Trump. The price increase will become effective from May 1 on all of Hermès’ product categories, said Eric Halgouët, the Chief Financial Officer ...
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ArticleC-Suite interview: Rohde expects to continue growing in 2025
After increasing revenues by 4.5 percent in 2024 to €24.2 million, Rohde expects to continue growing this year as it expands its fledgling US and online businesses. “In 2025, we should go up by another 10-11 percent to €27 million in turnover,’ says the Chief Executive Officer, Renato Lo Presti, ...
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News briefs
LVMH’s sales slip in Q1
LVMH’s fashion and leather goods division posted revenues of €10.108 billion in the first quarter of 2025, down by a reported 4 percent year-over-year and down by 5 percent organically. Sales for the whole French luxury-goods conglomerate were down by a reported 2 percent to €20.311 billion. Organic sales ...
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Castañer’s sales slow down in 2024
Castañer posted a 2.6 percent increase in revenues to €30.8 million in 2024, a slowdown from the 25.3 percent jump posted in 2023. The Spanish footwear manufacturer noted that online sales grew by 14.2 percent year-over-year in 2024.
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ArticleDeichmann’s 2024 revenues up 2.3%
Deichmann said that it “had a very successful 2024,” posting gross revenues of about €8.7 billion, or a net €7.4 billion, compared with €8.5 billion a year earlier. Currency-adjusted growth was 2.3 percent. “Good sales of higher-priced brand models have driven up the average price of the models sold,” commented ...
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ArticleEcco had to shore up its balance sheet in 2024 due to unsatisfactory results
Last year, shareholders had to inject €48 million to reinforce the balance sheet of Ecco Sko A/S, the parent company of the Danish footwear, accessories and leather giant, in the wake of unsatisfactory results. The cash call “supported the solidity ratio” of the parent company “despite the unsatisfactory results of ...
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Zegna’s full-year net profit slips on higher tax rate
Ermenegildo Zegna posted a net profit of €90.9 million in 2024, down from €135.7 million the year earlier, in part due to the group’s effective tax rate returning to a more standard level of 30 percent from 20 percent in the previous year. The gross margin increased to 66.6 percent ...
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ArticleNext hikes its sales and earnings guidance
Annual pre-tax profits at Next passed £1 billion (€1.2bn) for the first time as the UK fashion retailer boosted its sales and earnings outlook after a strong start to the current fiscal year, but warned of deteriorating consumer confidence amid higher living costs. Pre-tax profits rose by 10.1 percent to ...
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ArticleH&M’s sales rise slightly in Q1
H&M Hennes & Mauritz said that in the first quarter ended Feb. 28 net sales rose a reported 3 percent to SEK 55.333 billion (€5.10bn). The top line inceased by 2 perent in local currencies with 3 percent fewer stores compared with the same period last year. In March, H&M ...
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ArticleC-Suite interview: Valleverde expects stable revenues in 2025 and calls for European import duties
Valleverde is one of Italy’s most famous footwear brands with a presence of more than 40 years in its home market. Known for its comfort shoes and television commercials with the American actor Kevin Costner, Valleverde nevertheless filed for bankruptcy protection at the end of 2013. After six bankruptcy auctions ...
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ArticleSpartoo’s sales drop but its cash flow improves
In 2024, Spartoo suffered a 7.7 percent decline in gross merchandise value (GMV) to €184.7 million, resulting in an 8.7 percent drop in revenues to €130.5 million. The French omnichannel fashion retailer generated €114.9 million of its GMV in France, down 6.9 percent year-over-year, and €69.8 million abroad, down by ...
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News briefs
Shoe Carnival hikes its dividend
Shoe Carnival increased its quarterly dividend by 11.1 percent to $0.15 per share, bringing the annualized dividend rate to $0.60 per share. The quarterly cash dividend will be paid on April 21 to shareholders of record as of the close of business on April 7. “This marks our 52nd consecutive ...
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ArticleDesigner Brands resumes comparable sales growth in Q4, sees more ahead in FY25
Designer Brands expects to see profitable sales growth in the current fiscal year despite signs of consumer caution, after it returned to comparable sales growth in the fourth quarter ended Feb. 1 for the first time in nine quarters. The company, which owns the DSW chain, The Shoe Company and ...
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ArticleStella’s operating income rises 15.7% in 2024
Stella International Holdings improved its operating profit margin, shipping volumes, and revenues for the 12 months ended Dec. 31, surpassing the dual targets of its three-year strategic plan. Stella’s annual operating income rose 1.20 percentage points to 11.9 percent, fueled by an expanded and diversified customer portfolio and the relocation ...
