Financial Results
-
Article
Crocs looks to international business to drive sales growth in 2025 and beyond
Crocs is looking to its international business to drive sales growth once again in 2025, as it also lays the groundwork for a new wave of expansion in its home market through diversification efforts away from its core clogs. In 2025, enterprise revenues for Crocs are expected to increase by ...
-
Article
Stuart Weitzman’s sales hit by softness in direct sales in Greater China and North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $69.7 million in the fiscal second quarter ended Dec. 28, down by a reported 15 percent year-on-year and by 16 percent at constant currency rates primarily due to softness in direct channels in Greater China ...
-
Article
Jimmy Choo’s sales decline in Q3 and are expected to fall next year
Jimmy Choo posted a decline in sales and an operating loss for its fiscal third quarter, and the brand is expected to continue seeing flagging revenues and book a loss next year. In the three months ended Dec. 28, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted ...
-
Article
Skechers sees solid growth despite China challenges, forex headwinds
Skechers anticipates another year of solid growth in 2025, despite expectations of only a gradual improvement in the important Chinese market, along with foreign exchange and other headwinds. In 2025, Skechers projects sales of $9.70-9.80 billion, reflecting growth of about 8.7 percent at the midpoint, with foreign exchange headwinds seen ...
-
Article
Boot Barn raises guidance as it starts Q4 strongly, prepares to protect margins as tariffs loom
Boot Barn raised its guidance for the fiscal year ending in March 2025 after starting out the fourth quarter strongly. Management also indicated the company was prepared to take actions to protect margins in the face of tariffs on imports from Mexico and China, including passing a portion of the ...
-
Article
Ferragamo posts “encouraging” DTC sales in Q4
In the fourth quarter of 2024, Salvatore Ferragamo posted overall revenues of €291 million, down by a reported 6.7 percent and by 4.0 percent at constant exchange rates, partly due to a decline in the hedging cash flow to €0.2 million from €4.0 million a year earlier. Net sales in ...
-
Article
Deckers sees headwinds in Q4 after ‘superb’ Q3, winding down Koolaburra
Deckers Outdoor warned of headwinds in the fourth quarter of its financial year, after posting record earnings and sales in what management described as a “superb” third quarter. Sales in the third quarter ended Dec. 31 grew by 17.1 percent compared to the year earlier to $1.827 billion, with 16.6 ...
-
Article
H&M’s Q4 sales up 3% in local currencies
H&M Hennes & Mauritz’s net sales in the fourth quarter, ended Nov. 30, amounted to SEK 62.193 billion (€5.42bn), down from SEK 62.650 billion a year earlier. In local currencies, net sales increased by 3 percent. RBC Capital Markets’ analyst Richard Chamberlain pointed out that the fourth-quarter sales growth was ...
-
Article
VF Corp. transition for Vans’ business moving forward
VF Corp. will reveal more about its strategy for Vans at an investor day on March 6. In detailing third-quarter results, President and CEO Bracken Darrell said the company is continuing to expand into different forms of demand creation and action sports.
-
Article
Dr. Martens’ US sales ‘on track’ for recovery despite weak Q3
Third-quarter sales at Dr. Martens staged a partial recovery, with the troubled US division “on track” for a return to positive growth as the British bootmaker held annual guidance despite deep discounting in Europe. Group revenues still fell 3 percent on a reported basis in the third quarter ended Dec. ...
-
Article
Shoe Zone FY profits plunge on weak second half
A tough second half has hit annual results at Shoe Zone with unseasonal summer weather, poor store sales, declining consumer confidence and higher costs denting the bottom line of the British retailer. Pre-tax profit in the year to Sept. 28 plunged 38 percent to £16.2 million (€19.2m) after sales fell ...
-
Article
Boot Barn sees growth underpinned by store openings
Boot Barn expects sales growth to continue to be underpinned by store openings, as it approaches the halfway mark of a goal to have 900 stores operating in the US in the next four or five years. Jim Watkins, the Chief Financial Officer of the US footwear retailer, explained during ...
-
Article
Stella’s revenues slip in the fourth quarter
In the final quarter of 2024, Stella International’s revenues declined by 0.7 percent to $377.7 million from $380.3 million a year earlier. Shipment volume rose by 3.0 percent to 13.6 million pairs, but the average selling price (ASP) dipped by 3.1 percent to $27.90. In the full year, revenues increased ...
-
Article
Next lifts prices to cover wage, tax costs and warns of slower growth
Next is increasing prices to offset higher wage and tax costs while anticipating slower growth but still managed to lift full-year guidance again after better-than-expected December sales. Like-for-like prices will rise by 1 percent, raising £13 million (€15.7m), in response to the £73 million (€88m) in extra wage and national ...
-
Article
Shoe Zone sees full-year profits halved as sales fall on weak consumer confidence, weather
Shoe Zone has halved earnings forecasts in another profit warning and claimed that recent tax and wage measures in the recent British government’s budget would force it to close an unspecified number of stores. The low-cost UK footwear retailer said it had experienced “very challenging trading conditions” between the start ...
-
Article
Birkenstock posts higher-than-expected Q4 results
Birkenstock reported revenues of €456 million in its fourth quarter ended Sept. 30, up by 22 percent on the year earlier on both a reported and constant currency basis. Financial analysts were expecting a top line of €440 million. The sandal maker posted strong double-digit revenue growth across all segments, ...
-
Article
Designer Brands continues to ‘de-weatherize‘ business as Q3 boot sales slump 27%
Designer Brands said it would continue to take steps to reduce its reliance on seasonal footwear after sales of boots slumped 27 percent in the third quarter ended Nov. 2, nearly double the 15 percent decline it had forecast. Slumping boot sales came amid unseasonably warm weather in September and ...
-
Article
Ecco has a new CEO
Ecco’s CEO, Panos Mytaros, has stepped down and been replaced by the group’s Chief Commercial Officer, Thomas Gøgsig. No explanation was given regarding the change at the helm. However, since Russia’s invasion of Ukraine on Feb. 24, 2022, the Danish footwear group has been criticized by the country’s Prime Minister, ...
-
Article
Genesco more optimistic on outlook as Journeys turnaround gains pace
Genesco raised its sales and earnings guidance for its 2025 fiscal year, as the turnaround of its Journeys division accelerates, offsetting softer demand and a more cautious outlook for its Schuh and Johnston & Murphy businesses. Management now expects group sales for the full year to be flat to down ...
-
Article
Caleres cuts earnings guidance, sees more balanced international growth
Caleres once again cut its sales and earnings guidance for its full fiscal year, after a slump in boot sales made the biggest contribution to disappointing financial results for the third quarter ended Nov. 2. Third-quarter sales fell by 2.8 percent to reach $740.9 million, worse than the company’s guidance ...