Financial Results

  • Article

    Yue Yuen H1 profits dragged down by Pou Sheng

    2022-08-12T12:04:00Z

    Yue Yuen reported a 2.8 percent increase in first-half net income of $175.0 million versus $170.3 million for the six months ended June 30. Six-month revenues fell by 2.0 percent to $4,709,792,000 from $4,807,087,000, however, manufacturing segment sales were up by 14.4 percent to $3.19 billion. Ebit declined 17.7 percent ...

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    Article

    Wolverine lowers FY forecast

    2022-08-12T12:02:00Z

    Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...

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    Article

    Jimmy Choo continues to grow strongly

    2022-08-11T08:02:00Z

    In the first quarter ended July 2, Jimmy Choo posted revenues of $172 million, up by 21.1 percent year-over-year on a reported basis and by 30.3 percent at constant currency rates. Excluding mainland China, which has been impacted by tough Covid-19 restrictions, revenues grew a reported 32 percent and 43 ...

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    Article

    Allbirds cuts costs and jobs as loss widens

    2022-08-09T14:20:00Z

    Allbirds reported a net loss of nearly $29.4 million in the second quarter ended June 30 against a loss of $7.6 million a year earlier. The operating loss was $29.3 million versus a loss of $4.17 million. Total revenues increased by15 percent, or 18 percent currency-neutral, to $78.2 million from ...

  • Rockey Brands
    Article

    Rocky Brands to hike prices in September to improve margins

    2022-08-08T07:59:00Z

    Despite having increased prices at the beginning of 2022, Rocky Brands suffered a significant decline in second-quarter gross margin due to higher product and inbound freight costs coupled with higher logistics expenses. The company now plans another round of price increases in September. ”We raised our prices at the start ...

  • Weyco
    Article

    Weyco’s main brands rise sharply, Forsake’s relaunch scheduled next year

    2022-08-08T07:59:00Z

    Weyco Group reported double-digit sales increases for its each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise ...

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    Article

    Crocs lowers its full-year outlook

    2022-08-05T14:08:00Z

    Crocs lowered its annual revenue guidance and reported a significant decline in its second-quarer operating margin,. The company is now forecasting 14 to 17 percent constant currency revenue growth for its Crocs brand (10 to 13 percent on a reported basis) for the fiscal year to a range of ...

  • alibaba
    Article

    Alibaba’s e-commerce sales decline

    2022-08-04T16:18:00Z

    In Alibaba’s first quarter ended on June 30 revenues fell very slightly to RMB 205.555 billion ($30.689bn) from RMB 205.740 billion a year earlier due to a 1 percent decline in revenues in the China commerce segment to RMB 141.935 billion ($21.190bn), offset by revenue growth of the cloud segment ...

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    Article

    Zalando sees return to growth in H2

    2022-08-04T15:44:00Z

    Zalando expects to return to growth in the second half of the year after posting a 4 percent drop in second-quarter revenues to €2.6 billion and seeing its adjusted Ebit slump to €77.4 million from €184.1 million a year ago. In the second quarter, the number of active customers grew ...

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    Article

    ​Geox expects a double-digit growth rate in annual revenues

    2022-08-01T07:11:00Z

    Following a strong second quarter and a good performance in physical shops, Geox confirmed its guideline for the full year. The Italian footwear company expects a double-digit growth rate in annual revenues to over €700 million. Geox reported €340.6 million of consolidated net sales for the first half of 2022 ...

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    Article

    VF suffers quarterly loss, but EMEA is strongest region

    2022-07-31T10:29:00Z

    VF Corp. reported a first-quarter loss, related mainly to a $92 million non-cash pension charge. Still, the EMEA region, The North Face and Timberland were the strongest performers for the company in the period ended June 30. In the face of expected currency headwinds, the company is maintaining its fiscal ...

  • Boot Barn
    Article

    ​Boot Barn will benefit from door expansion, own brands

    2022-07-31T09:21:00Z

    Boot Barn, the lifestyle Western and work-related retail chain, is targeting a 15.0 percent operating margin, annual operating income of $247 to $255 million, and 13 to 14 percent sales growth in the financial year ending in April 2023. With consolidated same store sales growth forecast to increase 2 percent ...

  • Deckers
    Article

    Hoka hits new heights, aims for more

    2022-07-29T15:14:00Z

    Deckers Brands is working to further enhance Hoka’s escalating sales trajectory and increase its brand awareness with a new “Fly Human, Fly” global marketing campaign, additional expansion outside the U.S. and a broader product reach that will tap into the trail, hike, walking, and lifestyle segments desired by key age ...

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    Article

    Steve Madden confirms full-year guidance despite a drop in consumer demand

    2022-07-28T16:12:00Z

    Steve Madden posted a strong second quarter, beating earnings and revenues expectations, and confirmed its full-year targets despite a slowdown in consumer demand. The company saw a 34.5 percent increase in revenues in the second quarter of 2022 to $535.0 million, up from $397.9 million a year earlier and better ...

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    Article

    Skechers adopts cautious H2 outlook, plans further distribution center investments

    2022-07-27T14:45:00Z

    Skechers – citing currency impacts, persistent supply chain woes, a slower pace of recovery in China, and an overall uncertain global economic environment – is taking a “cautious view” for the remainder of 2022 after reporting record quarterly revenues. Describing a volatile supply chain environment over the last 4 to ...

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    Article

    Capri plans to significantly boost shoe sales

    2022-07-25T09:04:00Z

    Capri Holdings aims to significantly increase the footwear and accessories sales of its brands Jimmy Choo, Versace and Michael Kors, For Versace, footwear revenues are forecast to rise from $200 million in the full year ended April 2, 2022, to $300 million over time, while for Michael Kors shoe sales ...

  • Zalando
    Article

    Zalando cuts its FY guidance again

    2022-06-25T07:47:00Z

    Zalando has further cut its full-year guidance as macroeconomic conditions deteriorated in the second quarter. The company had already issued a profit-warning in May with the release of its first-quarter results, which included the first decline in quarterly sales of the history of the German online fashion retailer. For the ...

  • JD Sports Fashion
    Article

    JD Sports’ FY earnings surge

    2022-06-22T11:29:00Z

    In the full year ended Jan. 29, JD Sports Fashion’s basic earnings per ordinary share rose to 7.17 pence (8.4 euro cents) from 4.61 pence as revenue grew to £8.563 billion (€9.977 bn) from £6.167 billion. Adjusted earnings per ordinary share doubled to £12.84 pence (€14.90) from 6.44 pence. The ...

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    Article

    Primark to trial a click-&-collect service in the U.K.

    2022-06-21T05:52:00Z

    The clothing, shoe and accessories retailer Primark is making its first move into online shopping in the U.K., where it will trial a ‘click-and-collect’ service as it reported a sharp rise in third-quarter sales. The company, owned by Associated British Foods (ABF), is launching the trial at 25 stores in ...

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    Article

    El Naturalista enjoys a strong rebound with its summer collection

    2022-06-20T07:18:00Z

    El Naturalista’s summer collection is benefiting from a 26 percent increase in sales compared with the previous year as the Spanish brand owned by The Art Company rebounds from the dip caused by the Covid-19 pandemic. In 2019, the company, which is owned by five shareholders, of which three are ...