Financial Results – Page 19
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ArticleCrocs hikes guidance as Heydude outperforms
Crocs increased its full-year guidance after the recently acquired Heydude brand beat expectations in the first quarter of 2022. “Underlying momentum is exceptional for Heydude,” said Andrew Rees, Crocs’ chief executive officer in a conference call with financial analysts. The acquisition of the brand was completed on Feb. 17, and ...
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ArticleEMEA paces Havaianas’ growth for Alpargatas
Alpargatas realized 17 percent currency-neutral growth for its rubber sandal brand outside of Brazil in the first quarter to 342 million Brazilian reais (€58.2m) as total pairs sold increased 11 percent to 8.9 million. The EMEA region led Havaianas’ sales gains internationally, rising 25 percent currency-neutral to R$207.9 million (€35.4m) ...
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ArticleZalando launches a profit warning as sales decline for the first time
Zalando posts the first decline in quarterly sales of its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion, but a 1.5 percent decline in revenues ...
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ArticleBoohoo to source closer to U.K. as profits fall
Boohoo reported plunging annual profits as it was hit by Covid-19-related costs and surging return rates. In an effort to optimize its operations, the British online fashion retailer plans to increase sourcing from suppliers closer to the U.K., reduce inventory levels and cut costs. It will also focus resources and ...
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ArticleRocky Brands posts strong Q1 sales, profits
Net income rose 61 percent to $7.34 million from $4.49 million for the period ended March 31, as total sales soared 90.5 percent to $167.03 million from $87.67 million. But the parent of the Durango and Xtratuf brands, among others, admittedly has work to be done cutting expenses and inventories ...
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ArticleVulcabras bolstered by sports brands, e-commerce
Vulcabras’ net income soared by 270 percent to 54.0 million Brazilian reais (€9.2m) in the first quarter of 2022. Operating earnings (Ebit) jumped by 203 percent to R$64.4 million (€10.9m) in the period ended March 31, as the gross margin increased by 1.2 percent to 35.2 percent versus 34.0 percent ...
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ArticleWeyco Q1 sales nearly double in Q1
Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when sales were heavily impacted by the Covid-19 pandemic. Revenues were 10 percent higher than the first quarter of 2019, ahead ...
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ArticleGrendene’s sales driven lower by Brazilian market
Grendene’s first-quarter gross revenues fell by 2.1 percent to 630.8 million reais (€120.3m) driven by an 8.9 percent drop in domestic sales to R$429.9 million (€82.0m), partially offset by a 16.4 percent increase in export revenues to R$200.9 million (€38.3m). Brazilian sales were affected by a challenging economic environment, characterized ...
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ArticleSteve Madden lacks visibility for year end
After posting stronger-than-expected first-quarter revenues, Steve Madden warned that it suffers a lack of visibility about the fourth quarter of 2022 due to the potential headwinds stemming from the macroeconomic environment. Despite renewed lockdowns in China, due to the country’s zero-Covid policy, the U.S. footwear and apparel company has not ...
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Skechers performs despite China, supply chain concerns
Net income jumped 23 percent to $121.2 million in the first quarter ended March 31 on 27 percent revenue growth to a record $1.82 billion versus $1.43 billion a year earlier. Skechers’ top and bottom-line gains were accomplished despite a challenging environment in the APAC region and persistent higher unit ...
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ArticleTHG sees FY Ebitda margin in line with 2021
In 2021, THG, also known as the The Hut Group, suffered a decline in its gross operating margins due to adverse foreign exchange movements, investments, increasing raw material costs and freight costs which saw a marked acceleration in the second half of the year. The British online retailer expects this ...
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ArticleAsos warns about surging inflation
The British online fashion retailer Asos reported a plunge in first-half profits due to supply chain issues and warned its expectations for a much better second half could be hit by surging inflation. The company also revealed a £14 million (€16.8m) hit from its decision to stop selling clothes in ...
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ArticleDesigner Brands upgrades its full-year guidance
Designer Brands improved its guidance for the fiscal year ending in January 2023 and now expects earnings per share (EPS) to be $1.80-$1.90, up from a previous guidance of $1.75-$1.85. The U.S. footwear company is also reinstating a dividend of 0.05 dollars per share for the first quarter of fiscal ...
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ArticleSpartoo 2021 GMV up by 10.3%
In 2021, Spartoo’s gross merchandise volume (GMV) rose by 10.3 percent year-over-year to €213.7 million. The increase of GMV was in line with the company’s target for growth exceeding 10 percent. GMV achieved through B2C services increased by 9.5 percent to €192.8 million and that related to third-party services grew ...
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ArticleNext sees £85m sales hit from Ukraine war, lowers profit guidance
The British fashion retailer Next cut its profit guidance as the closure of websites in both Russia and Ukraine will knock a predicted £85 million (€102m) off its sales forecasts for the current financial year. The company also expects an 8 percent rise in selling prices in the second half, ...
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ArticlePittards enjoys a strong start to the year, expands business with Vivobarefoot
The British leather and leather goods company Pittards has started 2022 with the highest level of orders in three years and it expects shoe production in its factories in Addis Ababa, Ethiopia, to grow faster than in 2021. “We have started the current year with a better order book than ...
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ArticleShoe Carnival plans expansion after strongest results in 43 years
Shoe Carnival’s operating income soared by 164 percent to $27.9 million in the fourth quarter ended on Jan. 29 from $10.6 million a year earlier. Net income was $20.6 million against $7.4 million. Revenues jumped by 23 percent to $313.4 million from $253.9 million as the U.S. retail chain closed ...
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ArticleCaleres delivers strong results
Caleres’ operating income was $43.8 million in the fourth quarter ended Jan. 29 against a loss of $55.4 million a year earlier. Net income came in at $33.9 million against a loss of $77.1 million. Total period revenues increased by 19.0 percent to $679.3 million from $571.0 million as gross ...
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ArticleYue Yuen turns around despite a volatile operating environment
The annual net income of the world’s largest maker of athletic, casual and outdoor footwear hit $115.1 million in 2021 against a loss of $90.8 million in the prior year. Yue Yuen (YY) made an operating profit (Ebit) of $175.4 million for the year against an operating loss of $51.4 ...
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ArticlePrada full-year profits above pre-pandemic levels
Prada posted a net profit of €294 million in 2021, up from a €54 million loss last year and above a €256 million profit in 2019, before the outbreak of the Covid-19 pandemic. The bottom line also largely exceeded the consensus of analysts’ forecasts set at €253 million. Full-year revenues ...
