All Financial results articles – Page 9
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ArticleGolden Goose continues to post a double-digit growth rate
Golden Goose, the Italian brand of premium sneakers controlled by the investment firm Permira, said that in the first half of 2025 net revenues rose by 13 percent year-over-year at constant exchange rates to €342.1 million, driven by the direct-to-consumer (DTC) channel. In the sole second quarter, the top line ...
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ArticleGenesco raises sales outlook as Journeys' momentum continues but margins under pressure
Genesco raised its sales guidance for the full year, as the momentum of the Journeys banner continues to drive better-than-expected top-line growth. The footwear retailer now anticipates total sales growth for the year of 3-4 percent and comparable sales growth of 4-5 percent, an improvement on prior guidance for a ...
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News briefs
Alibaba’s revenues decline in Q1
Alibaba announced that revenues for the fiscal first quarter ended June 30, were up by 2 percent year-on-year to 247.652 billion yuan renminbi ($34.571 billion). Excluding revenues from the disposed businesses of Sun Art and Intime, like-for-like revenues for the Chinese e-commerce retailer increased by 10 percent. Diluted earnings per ...
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BasicNet’s revenues decline slightly in H1
BasicNet, which owns Kappa, Superga, Sebago and other brands, reported consolidated revenues of €172.6 million for the first half of 2025, down by 0.7 percent year-over-year. Ebitda dropped by 14.2 percent to €15.1 million. Aggregate brand sales for the Italian group grew by 4.3 percent to €567.1 million, with revenues ...
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News briefs
JD’s sales slip in Q2
JD Sports Fashion said that in the second quarter, or the 13 weeks to Aug. 2, sales fell by a like-for-like 3.0 percent to £3.106 billion (€3.601bn), but were up by 2.2 percent organically. In the first half, sales totaled £5.940 billion (€6.887bn), down a like-for-like 2.5 percent and up ...
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News briefs
Manolo Blahnik’s 2024 sales down 19%
Manolo Blahnik reported that it posted a 19 percent drop in sales to €86.4 million in 2024, after suffering a 10 percent decline in 2023. Last year’s decrease was due to the company’s focus on direct-to-consumer (DTC) channels and macroeconomic headwinds. DTC sales grew by 13 percent to represent 32 ...
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Vulcabras’ domestic sales surge
Domestic sales at the Brazilian footwear group Vulcabras grew by 19 percent to 861.2 million (€136.5m) in the second quarter of 2025, while revenues outside the country dipped by 10.4 percent to R$33.6 million (€5.3m). The group reported a 153 percent year-over-year increase in quarterly net income to R$353.3 million ...
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ArticleBirkenstock’s sales lifted by higher volumes and average selling price
In the fiscal third quarter ended June 30, Birkenstock Holding, the UK-based parent company of the German sandal maker, posted revenues of €635.0 million, up by 12 percent on a reported basis and by 16 percent in constant currency rates compared to the previous year. Revenue growth was supported by ...
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News briefs
Shoe Zone halves its earnings guidance again
Shoe Zone halved its full-year guidance for adjusted profit before tax to approximately £2.5 million pounds (€2.9m) from previous expectations of £5.0 million due to poor trading conditions. It also withdrew its current dividend policy. The financial year of the British footwear retailer ends on Sept. 27. In December 2024, ...
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ArticleSabu reports steady performance for 2024 after a record 2023
The German shoe retail cooperative Sabu reported stable results for 2024, with its wholesale unit, Sabu Schuh & Marketing GmbH, posting a sales drop following record figures in 2023, while Unitex GmbH saw an increase in sales. Sabu said it was satisfied with the overall performance and confirmed that member ...
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ArticleYue Yuen’s manufacturing business underpins revenues
Yue Yuen recorded higher shipment volumes, driven by increased orders from multiple brands in the first half of 2025, as well as a rebound in average selling prices. However, the world’s largest manufacturer of footwear was again saddled with uneven production leveling and higher labor costs, both of which ...
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ArticleSkechers surprises with strong Q2
After a varied start to the year, Skechers surprised with strong momentum in the second quarter – thanks mainly to a boom in demand in Europe and positive currency effects. While US markets are stagnating and China is weakening, the company is benefiting from its strong international presence. Sales rose ...
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ArticleAzzas 2154’s adjusted footwear sales rise slightly
The Brazilian footwear and apparel group Azzas 2154 said that gross revenues for its footwear and accessories business unit fell by 2.0 percent in the second quarter of 2025 compared to the year earlier, reaching 1,105 million reais (€173.2m). But, when adjusted to only continued brands, the top line of ...
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ArticleAlpargatas’ Q2 earnings surge
In the second quarter, Alpargatas posted net sales of 1.101 billion Brazilian reais (€174.0m), up 8.3 percent, with the key Havaianas brand also rising by 8.3 percent to R$ 1.090 billion. The Brazilian footwear group sold 48.8 million pairs during the three months ended June 30, representing a 5.7 percent ...
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ArticleGrendene’s Q2 sales driven higher by exports
In the second quarter of 2025, Grendene’s gross revenues rose by 25.1 percent year-over-year to 756.2 million Brazilian reais (€119.6m), thanks to an 88.0 percent rise in international sales to R$ 183.7 million (€29.0m) and a 13.0 percent rise in domestic sales to 572.5 million (€90.5m). The volume of pairs ...
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ArticleAllbirds cuts its sales guidance but still sees growth in Q4
Allbirds cut its sales guidance for the full year but still expects initiatives focused on new products, marketing and ”customer experience” will help the US footwear group return to a sales growth in the fourth quarter. In the second quarter of 2025, net revenues come in at $39.7 million, ...
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Articles.Oliver expands its management to include the Rellecke brothers
The German clothing and footwear group s.Oliver reported positive results for 2024 and announced a restructuring of its management team as it continues to adjust its strategic direction. Effective Sept. 1, the brothers Julian and Johannes Rellecke will join the management team, with the former overseeing product, design and ...
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ArticleCrocs expects sales decline in Q3; omits full-year guidance
In the second quarter of 2025, Crocs reported an operating loss of $428 million versus a year-ago profit of $326 million, despite higher sales and an improved gross margin. The loss stems from asset impairments totaling $737 million for the Heydude trademark and goodwill. Sales grew by 2.7 percent at ...
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ArticleWeyco’s revenues decline in Q2 as US tariffs hit consumption
In the second quarter of 2025, Weyco’s net sales fell by 9 percent to $58.2 million, with all its key brands declining. The company blamed so-called reciprocal trade tariffs introduced in April by the US President, Donald Trump, of impacting consumer purchases in the US. “The tariff environment created headwinds ...
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ArticleSaucony, Merrell fuel growth for Wolverine in Q2
Wolverine Worldwide reported strong second-quarter results with gains in revenues, gross margin and operating income. The group’s results were driven by its key Saucony and Merrell brands. “Our second quarter results exceeded our expectations, which led to the strongest revenue growth we’ve seen in several years. This growth, coupled with ...
