All Financial results articles – Page 8
-
News briefs
Tempe's earnings surge by 44%
In fiscal 2024, Tempe increased its revenues by 7 percent to €1,614 million, while net profits grew by 44 percent to €205 million. Founded in 1989, Tempe is 50 percent owned by Inditex. The remainder of the capital is in the hands of Promociones Azarbe, the holding company of the ...
-
ArticleCaleres sees sales continuing to fall in Q1 amid consumer headwinds, retailer caution
Caleres expects sales in the first quarter of fiscal year 2025 to fall by 5-6 percent compared to the year earlier, a result encompassing the “very challenging business” it saw in February and an improvement in the first three weeks of March. Earnings per diluted share for the quarter are ...
-
ArticleShoe Carnival ramps up Shoe Station rebannering plans
Shoe Carnival announced plans to convert some 175 stores to its higher-priced Shoe Station banner in the next 24 months, in an aggressive rebannering strategy that will see Shoe Station grow to represent a majority of its store fleet and is expected to give a significant mid-term boost to both ...
-
News briefs
Asos sees H1 revenues in line, adjusted Ebitda ahead of consensus
Asos expects first-half revenue growth to be in line with market consensus and adjusted Ebitda ahead of expectations. The company-compiled consensus for the first half based on nine contributors indicates total sales growth at constant exchange rates of down 13 percent, adjusted Ebitda of £34 million (€41m) and an adjusted ...
-
News briefs
Aeffe’s footwear and leather goods sales decline in 2024
In 2024, the revenues of Aeffe’s footwear and leather goods division amounted to €106.2 million, down by 25.3 percent, both at constant and current exchange rates, compared to 2023. The division comprises the luxury footwear brand Pollini. The adjusted Ebitda of the footwear and leather goods division was €7 million ...
-
ArticleAllbirds banking on new assortments, initiatives to fly high again in late 2025
Allbirds believes new product assortments in the fall will bolster its fortunes and topline starting in the fourth quarter of 2025 after a transitional year in 2024. The San Francisco-based group reduced its fourth-quarter operating loss by 55 percent to a loss of $25.8 million from a loss of $57.6 ...
-
ArticleGolden Goose’s sales accelerate in Q4
In 2024, Golden Goose’s net revenues rose by 13 percent at constant exchange rates to €654.6 million. In the sole fourth quarter, the top line was up by 14 percent to €188.6 million. Full-year direct-to-consumer (DTC) net revenues reached €503.6 million, accounting for 77 percent of total turnover and growing ...
-
ArticleAzzas 2154’s footwear sales growth accelerates as DTC shines and franchise sales recover
The footwear and accessories business of the Brazilian footwear and apparel group Azzas 2154 reported gross revenues of 1,332.7 million reais (€210.0m) in the fourth quarter of 2024, up by 4.5 percent compared to the year earlier and accelerating from the 3.2 percent growth seen in the previous quarter, as ...
-
ArticleBoohoo to rebrand as Debenhams in bid to arrest sales slump
Boohoo is rebranding as Debenhams Group as part of new Chief Executive Dan Finley’s plans to turn around the fortunes of the British online fast fashion amid an ongoing tough trading environment. Boohoo said Debenhams, which it bought out of administration after its collapse in 2021, was now growing rapidly ...
-
ArticleInditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent. But, sales growth slowed down in the opening weeks of the new fiscal year. In fiscal ...
-
ArticleYue Yuen reports improved FY results on manufacturing rebound
Yue Yuen posted a 47 percent increase in 2024 Ebit to $572.1 million versus $390.2 million in 2023. Net profit attributable to owners of the Chinese group rose by 43 percent to $392.4 million from $274.7 million. Annual operating costs contracted by 4.9 percent or $75.1 million. Annual revenues grew ...
-
ArticleGenesco sees steady sales as store closures, remodels continue to be a focus
Genesco expects sales in fiscal year 2026 to be flat to up 1 percent compared to the $2,325 million it reported in fiscal year 2025, as it continues with plans to close underperforming stores and remodel a sizeable portion of its fleet of Journeys stores amid that banner’s accelerating turnaround. ...
-
ArticleTecnica Group’s FY sales slip, Lowa outperforms
Tecnica Group, an Italian manufacturer of outdoor footwear and winter sports equipment, reported full-year revenues of €517 million, reflecting a 4 percent year-over-year decline, but saw a recovery in the fourth quarter. Adjusted Ebitda stood at €79 million, down 13.5 percent from 2023, while net profit remained steady at €25.2 ...
-
ArticleCoats upgrades targets as footwear sales, earnings stride ahead
Coats upgraded its medium-term targets as it reported a jump in annual earnings, driven by its footwear and apparel divisions. The pre-tax profit of the British industrial thread and shoe component maker jumped to $172.1 million from $155.8 million a year earlier. Operating profit increased to almost $200 million from ...
-
ArticleGeox’s sales fall nearly 8% in 2024
In 2024, Geox’s sales fell by 7.8 percent to €663.8 million, driven lower by the wholesale business and store closures. At constant exchange rates, the top line was down by 7.1 percent. In the fourth quarter alone, group sales rose by a reported 0.5 percent to €138 million. For the ...
-
ArticleFerragamo cautious about the short-term
Salvatore Ferragamo posted a loss in 2024 and expressed caution about short-term developments. ”Considering the uncertainties over demand by luxury consumers, we remain cautious on short-term expectations,” the Italian fashion house said when releasing its final full-year results. Ferragamo had already released its sales figures on Jan. 30. In 2024, ...
-
ArticleWeyco’s sales steady in Q4
The sales of Weyco Group steadied in the fourth quarter of 2024, with sales of $80.5 million, flat compared to the $80.6 million seen the year earlier after declines in the previous three quarters. Timid growth in both its wholesale and retail businesses in North America was offset by a ...
-
ArticleZalando sees GMV, revenues up 4-9% in 2025
Zalando expects gross merchandise volume (GMV) and revenues to grow by between 4 percent and 9 percent this year, driven by the successful execution of its ecosystem strategy across both business-to-consumer (B2C) and business-to-business (B2B) growth vectors. In 2024, the German online fashion retailer posted a GMV of €15.296 billion, ...
-
ArticlePrada’s full-year sales rise 15%
In 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €5,432 million. At constant exchange rates, top-line revenue grew by 17 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 16 percent at actual exchange rates and by 18 percent at ...
-
ArticleGrendene’s Q4 sales rise 13% as exports grow
Grendene reported gross revenues in the fourth quarter of 2024 of 1,043.5 million reias (€170.9m), up by 12.9 percent compared to the year earlier and led by a surge in sales on foreign markets despite a host of challenges including global economic and political uncertainty, shipment delays, growing signs of ...
