Financial Results – Page 12
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ArticleANWR Group is confident about the future
At the annual general meeting of the international trade cooperation ANWR Group eG on June 5 in Mainhausen, Germany, the executive board presented the strategic fields of action for the coming years under the motto “We make trade successful”. In the future, the ANWR Group will strongly focus on the ...
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ArticleDesigner Brands expands in Canada as Q1 sales inch up
Designer Brands returned to modest sales growth in its first quarter ended May 4, as it bolstered its presence in Canada with the acquisition of the Canadian footwear retailer Rubino and its 28 stores. “Rubino currently operates stores that offer nearly identical atmospheres and assortments to that of our own ...
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ArticleClarks swings to annual loss as ‘discount-hungry’ consumers spurn full prices
C&J Clark (No1) Limited, the parent company of the Clarks brand, swung to a full-year loss as it grappled with inflation, weak demand for full-price stock, global conflict, oversupply and a large asset impairment charge in 2023. Revenues for the 12 months to December 31 rose by 14 percent to ...
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ArticleGenesco Q1 sales fall 5% but beat expectations as Journeys makes progress
Sales at Genesco declined by a reported 5 percent to $457.6 million in the first quarter of fiscal year 2025 but were above management expectations of a mid-to high percentage decrease amid signs of progress at Journeys, the division whose turnaround remains the company’s main priority. At constant-currency rates, sales ...
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ArticleCaleres maintains outlook after Q1 sales fall short of expectations
Caleres maintained its guidance for a top line this year that is flat to up 2 percent compared to the year earlier after reporting sales in the first quarter ended May 4 that were slightly worse than expectations. First-quarter sales at Caleres fell by 0.5 percent to $659.2 million, versus ...
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ArticleJimmy Choo suffers from softening demand for luxury goods
In the fourth quarter ended March 30, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $137 million, down by 9.3 percent on both a reported and constant currency basis. The group said that the decline was driven primarily by “softening demand globally for fashion luxury ...
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ArticleDr. Martens targets up to £25m in cost savings as FY sales, profits slump
Dr. Martens is targeting up to £25 million (€29.3m) in cost savings and maintained its full-year guidance outlined in its profit warning last month as continuing woes in the US led to a slump in annual revenue and profit. Previously, the company indicated that overall earnings could slump by as ...
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ArticleBirkenstock hikes FY guidance after record Q2 revenues
Birkenstock Holdings increased its full-year guidance after reporting record sales in the second quarter ended March 31. The group now expects full-year revenues to grow by 20 percent at constant exchange rates, up from a previous guidance of 17-18 percent, and predicts an adjusted Ebitda margin of 30.0 to 30.5 ...
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ArticleShoe Carnival continues to eye M&A as Rogan’s contributes to solid Q1 sales growth
Shoe Carnival expects that mergers and acquisitions (M&A) will remain a key part of its growth strategy after the recently acquired the US work and family footwear brand Rogan’s Shoes contributed to solid growth in its top line in the first quarter of its 2024 fiscal year. “Going forward, we ...
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ArticleDeckers sees FY25 sales up 10%
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. ...
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ArticleVF Corp. fails to deliver yet again
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 ...
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ArticleShoe Zone cuts full-year earnings guidance on higher costs
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 ...
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ArticleGrendene’s Q1 sales are underpinned by the Brazilian market
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 ...
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ArticleGeox sees 2024 sales decline after wholesale sales suffer in Q1
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 ...
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ArticleAlpargatas maps out new business strategy, turns Q1 profit
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 ...
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ArticleFootwear drags Tod’s’ sales lower
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 ...
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ArticleBoot Barn sees sales growth in new fiscal year as store openings continue
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 ...
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ArticleYue Yuen’s profits double in Q1
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 ...
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ArticleArezzo sales jump 23% in Q1, looks to bolster U.S. business
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 ...
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ArticleAllbirds confirms FY guidance as Q1 sales plummet
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 ...
