Financial Results – Page 12
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ArticleAlpargatas swings to Q4 loss as inflation erodes purchasing power
Alpargatas, the Brazilian owner of the flip-flop sandal brand Havaianas, reported a decline in sales volumes and a bottom-line loss in the fourth quarter of 2022, rounding out a year that fell short of management expectations as inflation cut into households’ disposable income. In January, overall annual inflation in Brazil ...
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ArticleStuart Weitzman’s Q2 sales down nearly 24%
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $85 million in the fiscal second quarter ended Dec. 31, down 23.6 percent year-on-year at constant currency rates. “Revenue declined in the quarter, impacted by the brand’s significant exposure to China as well as a ...
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ArticleVF takes action to improve performance, divesting pack brands
VF Corp. is vowing to take all necessary actions to improve its operating performance heading into its FY24
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ArticleANWR Group FY revenues rise nearly 10%
ANWR Group reported a 9.6 percent increase in business volumes to €21.7 billion in 2022 driven by the footwear, sports and leather goods divisions, which posted double-digit growth. “This is a remarkable development given the challenging conditions we faced in 2022,” said Frank Schuffelen, the CEO of the German ...
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ArticleJimmy Choo’s quarterly sales hit by Covid resurgence in China
In the fiscal third quarter ended Dec. 31, Jimmy Choo posted revenues of $168 million, down by 5.6 percent year-over-year on a reported basis but up by 3.4 percent at constant currency rates. The brand’s performance was affected by the surge in Covid-19 cases in China as the country reopened. ...
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ArticleDeckers raises sales and earnings guidance after better-than-expected Q3
Deckers Brands raised its sales and earnings guidance for the full financial year after revenues in the third quarter ended Dec. 31 rose by 13.3 percent to $1,346 million, beating analysts’ expectations for a top line of about $1,250 million and supported by a near doubling in sales of the ...
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ArticleSkechers looks to produce in India as Q4 sales jump 14%
Skechers said it is planning to begin production in India, one of its fastest growing markets in the Asia Pacific region. Sales in the country displayed “particular strength” in the fourth quarter of 2022, as the company’s overall top line jumped by 13.5 percent to $1,878.8 million billion to reach ...
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ArticleGeox eyes operating profit as 2022 sales jump 21%
Geox said it expects to post an operating profit in 2022 after three years in the red, as it benefits from higher-than-expected sales and a restructuring that has allowed it to cut costs and channel investments to more strategic areas of its business. According to preliminary figures from the Italian ...
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ArticleLloyd reports strong sales increase, expects to return to pre-Covid sales in 2023
Lloyd Shoes posted a strong sales growth in 2022 and anticipates a bright year ahead. The German shoe maker recorded a 47 percent increase in sales in 2022 to €114.95 million, driven by improvements across all business areas, and expects to return to pre-pandemic sales levels in the current ...
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ArticleBoot Barn continues with openings as new stores drive 6% Q3 sales growth
Boot Barn expects to open 10 more stores in the fourth quarter ended April 1, 2023, bringing new openings in the full financial year to 43, as it sets its sights on expanding its future store count to about 900, nearly triple its current level. New stores were responsible for ...
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ArticleFerragamo posts weak Q4 sales due to China
Salvatore Ferragamo’s total full-year revenues reached €1.252 billion, up by 10.2 percent year-on-year on a reported basis and by 5.7 percent at constant currency rates. Total revenues were dented by a €25.7 million hedging loss and missed market expectations by about €20 million due to a weak final quarter. The ...
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ArticleH&M posts a Q4 loss on higher costs
In the fiscal full year ended Nov. 30, H&M’s net profit fell to SEK 3.566 billion (€318m) from SEK 11.010 billion a year earlier, after posting a loss of SEK 864 million (€77m) in the fourth quarter compared with a profit of SEK 4.621 billion a year earlier. Financial analysts ...
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ArticleTod’s breaks through €1 bn sales threshold, sees ‘excellent’ start to 2023
Diego Della Valle, the chairman and CEO of Tod’s, said he is “very confident” about future results of the Italian footwear company due to an “excellent” start to 2023 in stores and the solidity of its order portfolio for next season. Della Valle’s optimism came as Tod’s announced preliminary results ...
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ArticleZegna’s Q4 revenues dip 0.5% but shoes post ‘exceptional performance’
The Italian fashion house Ermenegildo Zegna generated revenues of €407 million in the fourth quarter of 2022, down by a reported 0.5 percent on the year earlier and 2.9 percent lower at constant exchange rates, as sales were hit by new Covid-19 restrictions affecting the Greater China region. The owner ...
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ArticlePrimark posts a rise in Christmas sales
Primark reported a rise in Christmas sales as consumers continued returning to city shopping centers and retail parks after the easing of Covid-19 restrictions. Revenues in the 16 weeks to Jan. 7 stood at £3.145 billion (€3.562 bn), up by 18 percent on a reported basis and by 15 percent ...
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ArticleBoohoo lowers its guidance on declining sales
Boohoo has lowered its full-year revenue guidance after sales fell sharply in the last four months of 2022 due to longer delivery times and shoppers returning to physical stores. But more worrisome, the British online fashion retailer is losing market share in the U.S. and Continental Europe. Company’s sales fell ...
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ArticleDr. Martens stumbles again due to supply bottlenecks in the U.S.
Dr. Martens issued its second profit warning in three months after the iconic British brand was hit by a bottleneck at its new Los Angeles distribution center and weak trading in the U.S. direct-to-consumer (DTC) segment. The company estimates lost wholesale revenues and incurred costs will cut full-year Ebitda by ...
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ArticleWolverine Worldwide’s profitability will be impacted by inventory reductions
Wolverine Worldwide reduced its fourth quarter inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s full year and fourth quarter adjusted diluted earnings. Wolverine warned that final earning results, when reported next month, will be at ...
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ArticleAsos insists turnaround plans on track despite sales fall
Asos insisted its turnaround remained on track, despite a slide in sales over the Christmas trading period and plans to cut more than £300 million (€338.5m) in costs this year to boost profitability. The British fast-fashion online retailer said that group revenues fell by 6 percent year-on-year in the four ...
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ArticleGenesco lowers FY earnings guidance
Genesco trimmed its full-year earnings forecast in the wake of its sale performance in the first eight weeks of its fiscal fourth quarter. In the eight weeks ended Dec. 24, Genesco’s comparable sales, including both stores and direct sales, increased by 3 percent year-over-year. Same store sales decreased by 2 ...
