Financial Results

  • Deckers
    Article

    Deckers sees FY25 sales up 10%

    2024-05-24T14:42:00Z

    Deckers Brands, the parent company of the Hoka and Ugg brands, ended a successful fiscal year by reporting a 36.3 percent operating income increase in the fourth quarter to $144.3 million from $105.9 million. Gross margin expanded by 6.20 percentage points to 56.2 percent in the quarter ended March 31. ...

  • VF_Logo_Vert_FullColor_NoReg_CMYK-medium
    Article

    VF Corp. fails to deliver yet again

    2024-05-23T13:54:00Z

    VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face, Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent on the day of the announcement. The operating loss was ...

  • Shoe Zone logo
    Article

    Shoe Zone cuts full-year earnings guidance on higher costs

    2024-05-21T15:33:00Z

    Shoe Zone has cut its full-year earnings guidance due to higher labor and shipping costs as well as additional expenses stemming from store closures. The British footwear retailer cut its full-year profit before tax forecast to £13.8 million (€16.2m) from £15.2 million. It noted that the original forecast was based ...

  • Grendene logo black
    Article

    Grendene’s Q1 sales are underpinned by the Brazilian market

    2024-05-20T11:56:00Z

    Grendene maintained its first-quarter revenues stable thanks to domestic sales led by the Melissa brand. Gross revenues rose by 0.7 percent year-over-year to 662.4 million reais (€119.0m) in the first quarter of 2024, with domestic sales up by 6.7 percent to R$528.3 million (€94.9m) and exports down by 17.5 percent ...

  • Geox
    Article

    Geox sees 2024 sales decline after wholesale sales suffer in Q1

    2024-05-17T15:47:00Z

    Geox now expects sales to fall by a mid-single-digit percentage this year, after revenues in the first quarter tumbled by a reported 13.5 percent to €193.6 million led by a steep decline in wholesale sales. At constant currency rates, sales were down by 11.7 percent. Geox, which had previously forecast ...

  • alpargatas logo
    Article

    Alpargatas maps out new business strategy, turns Q1 profit

    2024-05-17T12:36:00Z

    Alpargatas spent much of the first quarter working on cash generation, capitalizing on efficiencies, and simplifying its business. The effort, largely focused on its home market, included better alignment between sell-in and sell-out levels and cash generation of $260 million Brazilian reais (€46.7m) versus cash consumption of R$271 million a ...

  • tods-logo again
    Article

    Footwear drags Tod’s’ sales lower

    2024-05-17T09:55:00Z

    Tod’s‘ sales in the first quarter of 2024 fell by 6.7 percent year-over-year to €252.3 million due to the weakness of the Chinese market. At constant currency rates, the top line declined by 4.7 percent. Shoes were the weakest product category with quarterly sales down by 8.3 percent, or by ...

  • Boot Barn
    Article

    Boot Barn sees sales growth in new fiscal year as store openings continue

    2024-05-16T11:44:00Z

    Boot Barn expects to resume sales growth in fiscal year 2025, after closing off the fourth quarter of fiscal 2024 with a nearly 9 percent decline in revenues, as new store openings are seen more than offsetting a continued projected decline in same-store sales. With the opening of a planned ...

  • Yue Yuen
    Article

    Yue Yuen’s profits double in Q1

    2024-05-14T14:13:00Z

    Profit attributable to owners of the Chinese group Yue Yuen increased by 97 percent year-over-year to $100.0 million for the first quarter ended March 31 from $50.8 million a year earlier. Ebit rose by 82 percent to $145.1 million from $79.7 million despite a 4.9 percent decline in total revenues ...

  • Arezzo & Co
    Article

    Arezzo sales jump 23% in Q1, looks to bolster U.S. business

    2024-05-13T13:34:14.783Z

    Arezzo & Co reported sales of 1,286 million reais (€231.8m) in the first quarter of 2023 rising by 23.4 percent compared with the year earlier and coming on top of the roughly 64 percent growth in the top line seen in the first quarter of 2022. The sellout in the ...

  • Allbirds
    Article

    Allbirds confirms FY guidance as Q1 sales plummet

    2024-05-13T07:37:00Z

    In the first quarter of 2024, Allbirds’ net revenues decreased by 27.6 percent to $39.3 million primarily due to lower overall demand, as well as the impact of the transition to distribution models in some foreign markets and store closures in the US. The company has completed the transition to ...

  • Arezzo & Co
    Article

    Arezzo’s sales lifted driven by e-commerce and own stores

    2024-05-13T07:24:00Z

    Arezzo & Co posted gross revenues of 1,358 million Brazilian reais (€244.2m) in the first quarter of 2024, up by 5.6 percent compared to the year earlier driven by e-commerce and own stores. The number of shoes sold rose by 1.3 percent year-on-year to 4.653 million pairs the three-month period, ...

  • Salvatore Ferragamo
    Article

    Ferragamo’s Q1 sales decline sharply

    2024-05-13T07:23:00Z

    Salvatore Ferragamo’s first-quarter revenues fell by 18.3 percent to €227 million, with sharp declines in all regions and missing market expectations by about €3 million. At constant exchange rates, the drop was limited at 16.6 percent. Net sales, which exclude certain revenues such as licenses, dropped by 19.2 percent as ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine starts to see the signs of a turnaround

    2024-05-10T14:07:00Z

    In a self-proclaimed “transition year,” Wolverine Worldwide is beginning to witness ”proof points” of its efforts to turn around its business. These developments in the first quarter, when the company exceeded Wall Street’s revenue expectations, included higher gross margins, less promotion in the direct-to-consumer channel, a sharply lower inventory level, ...

  • Stuart Weitzman
    Article

    Stuart Weitzman books lower sales and a loss in Q3

    2024-05-10T06:51:00Z

    Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $56.1 million in the fiscal third quarter ended March 30, down by 18 percent year-on-year on a reported basis and by 17 percent at constant currency rates. During the quarter, the brand posted an operating ...

  • Weyco
    Article

    Weyco posts weaker sales but expects an improvement in H2

    2024-05-09T14:50:00Z

    Weyco’s net sales in the first quarter of 2024 dropped by 17 percent year-on-year to $71.6 million, driven by the Bogs brand in the North American wholesale channel. “Although we expect sales to remain soft through the second quarter, we are optimistic that demand will improve in the back half ...

  • boohoo logo
    Article

    ​Boohoo losses widen as Shein, weak demand hit revenues globally

    2024-05-09T14:00:00Z

    Boohoo, the British online fashion retailer which is facing competition from rival Shein, weak demand and high return rates, reported wider annual losses after revenues fell by 17 percent. Boohoo posted a loss before tax of £160 million (€186.6m), compared with a £90.7 million loss a year earlier. Adjusted Ebitda ...

  • steve madden logo
    Article

    Steve Madden’s Q1 sales lifted by Europe

    2024-05-03T10:50:00Z

    In the first quarter of 2024, Steve Madden posted a 19.1 percent growth in revenues to $552.4 million. Almost Famous, the business the group bought in October 2023 to expand its apparel business, contributed $41 million in revenues during the quarter. Excluding Almost Famous, revenues rose by 10.3 percent. Steve ...

  • Rocky Brands
    Article

    Rocky Brands' Q1 sales lifted by Durango and Xtratuf

    2024-05-02T16:16:00Z

    Bolstered by double-digit sales increases for its Durango and Xtratuf footwear brands, Rocky Brands reported a 2.2 percent jump in first-quarter revenues to $112.9 million from $110.4 million. Excluding Servus, a brand divested in March, sales rose by 7.6 percent year-over-year. First-quarter wholesale sales were $79.8 million compared to $80.1 ...

  • Skechers_Logo
    Article

    Skechers raises sales, profit guidance for 2024 as wholesale sales recovery kicks in

    2024-04-29T13:28:00Z

    Skechers expects its sales will rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its direct-to-consumer (DTC) business. The guidance is ...