Financial Results – Page 11
-
ArticleVF optimistic that EMEA will spearhead Vans’ turnaround
Having shed its Supreme business for $1.5 billion and moving forward with a transformation plan under CEO Bracken Darrell and a cast of new brand leaders, VF Corp. is expressing optimism that its flagging Vans segment is finally on the road to full recovery. And the EMEA appears to be ...
-
ArticleJimmy Choo’s Q1 sales drop on soft demand
In the fiscal first quarter ending June 29, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $173 million, down by 5.5 percent on a reported basis and by 3.8 percent on a constant currency basis compared to the prior year. This decline was driven primarily ...
-
ArticleAlpargatas turns Q2 profit but sales in Europe sag
After more than a year of work strengthening many aspects of its business model, Alpargatas is seeing signs that its recovery on the right track. In second quarter of 2024, the Brazilian footwear company that owns the Havaianas brand generated a net profit of $23 million Brazilian reais (€3.75m) against ...
-
ArticleBoot Barn raises its full-year guidance on better-than-expected first-quarter results
Thanks to better-than-expected first-quarter results, Boot Barn lifted its sales and earnings guidance for the full-year ending March 29, 2025. In the three months ended June 29, the US company increased net sales by 10.3 percent to $423.4 million thanks to higher comparable sales and the opening of 11 stores, ...
-
ArticleWeyco ‘cautiously optimistic’ about the autumn selling season
Weyco’s sales in the second quarter of 2024 dropped by 5 percent year-on-year to $63.9 million, driven lower by the North American wholesale business and the Florsheim Australia subsidiary. However, the group indicated that “retailer inventory levels are starting to normalize” in the US after an inventory pile-up last year ...
-
ArticleZalando posts revenue growth and improved profitability in Q2
Zalando showed accelerating growth and improved profitability in the second quarter. The German online fashion retailer said that its success is due in part to an expansion of its lifestyle offerings, with strong growth in Sports, Designer and Beauty, and in part to a boost in its assortment’s relevance, with ...
-
ArticleGeox’s H1 sales dragged down by the wholesale business
In the first half of 2024, Geox’s sales dropped by 9.4 percent, or by 8.0 percent at constant exchange rates, to €320.4 million due to the poor performance of its wholesale business. “The first half of 2024, consistent with what we have seen in the first months of the year, ...
-
ArticleFerragamo posts encouraging first-half results
In the first half of 2024, Salvatore Ferragamo posted a 12.8 percent year-over-year decline in revenues to €523 million. At constant exchange rates, the decline narrowed to 10.9 percent. However, second-quarter sales showed a significant improvement on the first three months of the year by declining by only 8.1 percent ...
-
ArticleNext lifts guidance on overseas sales surge and FatFace acquisition
Next has lifted its profit target for the eight time in a row as second-quarter sales defied wet British summer weather and the cost-of-living crisis, with overseas sales providing a boost along with the recently-acquired FatFace and Reiss, in which the UK fashion retailer now holds a majority 51 percent ...
-
ArticleCrocs delivers record Q2, outlook on ‘cautious consumers’ spooks investors
Shares in Crocs took a hit yesterday, closing down by nearly 2.7 percent, or $3.65, to $130.81 after the company issued a third-quarter guidance below analysts’ expectations. The CEO, Andrew Rees, cited the company’s exceptional first-half results and market share gains but also asserted the group’s guarded outlook on H2 ...
-
ArticleSteve Madden’s sales continue to be underpinned by Europe
In the second quarter of 2024, Steve Madden posted a 17.6 percent increase in revenues to $523.6 million, lifted by sales in the Europe, Middle East and Africa (EMEA) business region and the acquisition of Almost Famous in October 2023. Excluding Almost Famous, the top line grew by 7.5 percent. ...
-
ArticleRocky Brands doubles its operating profit in Q2
Amid an unpredictable consumer environment, Rocky Brands improved its second-quarter operating income by 104 percent year-over-year and lowered its net loss by 56 percent for the period ended June 30. The group attributed the better results to its diversified portfolio and recently started cost-saving initiatives. The quarterly operating income ...
-
ArticlePrada’s first-half results are driven higher by Miu Miu
Prada Group’s first-half sales totaled €2,549 million, up by a reported 14 percent and by 17 percent at constant exchange rates, driven by the Miu Miu brand and the Japanese market. Retail sales grew by 15 percent, and by 18 percent at constant exchange rates, to €2,263 billion. Wholesale revenues ...
-
ArticleSkechers’ Q2 sales driven higher by EMEA
Skechers’ revenues generated in the Europe, Middle East and Asia (EMEA) region, bolstered by a strong performance in the direct-to-consumer (DTC) channel, rose by 14 percent to $492.5 million. The DTC gain was however mitigated across the region by supply chain disruptions from the Red Sea crisis that pushed some ...
-
ArticleDeckers continues to be driven higher by Hoka and Ugg
Fueled by higher levels of full-price selling and double-digit sales gains for both its Hoka and Ugg brands, Deckers Outdoor reported 81 percent net income growth to $115.6 million for the first quarter that ended June 30 from $63.6 million a year earlier. The period marked the last earnings call ...
-
ArticleSabu doubles its 2023 profits
Sabu doubled its earnings in 2023, a year which proved to be one of the best ever for many of the companies part of the German shoe retail cooperative, as the Heilbronn-based firm continued on its recovery path after the Covid-19 pandemic thanks to a further rebound in sales. ...
-
ArticleH&M warns that business conditions are more challenging
H&M Hennes & Mauritz continues to expect a 10 percent operating margin this year but warned that conditions have become more challenging to achieve the target. In the fiscal second quarter, which ran from March 1 to May 31, the Swedish fashion retailer’s sales rose by 3 percent in both ...
-
ArticleVelasca plans new store openings but pushes back its €100m sales target
Velasca, an Italian startup launched in 2013 by Jacopo Sebastio, the chief executive officer, and Enrico Casati, continues to enjoy strong growth thanks to the extension of its product line and store openings, but warned that it may take longer than expected to reach its annual revenue objective of €100 ...
-
ArticleLeder & Schuh’s sales continued to grow in 2023
Austria’s Leder & Schuh, one of Europe’s largest shoe retailers, reported a further increase in sales last year, confirming a positive trend in 2022 and 2021 after the pandemic slump of 2020. Through its Humanic and Shoe4You brands, the company increased its sales by 4.5 percent to €367 million in ...
-
ArticleSchuh Mücke’s sales increase by nearly 2%, return to pre-pandemic levels
Schuh Mücke, the German shoe and sporting goods retail chain within the ANWR Group, reported strong full-year results for 2023, with sales swinging back to pre-pandemic levels. Sales rose by nearly 2 percent to €104.7 million from €102.8 million in 2022. The Bavarian retailer’s gross profit margin improved ...
