Financial Results – Page 7
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ArticleCoats upgrades targets as footwear sales, earnings stride ahead
Coats upgraded its medium-term targets as it reported a jump in annual earnings, driven by its footwear and apparel divisions. The pre-tax profit of the British industrial thread and shoe component maker jumped to $172.1 million from $155.8 million a year earlier. Operating profit increased to almost $200 million from ...
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ArticleGeox’s sales fall nearly 8% in 2024
In 2024, Geox’s sales fell by 7.8 percent to €663.8 million, driven lower by the wholesale business and store closures. At constant exchange rates, the top line was down by 7.1 percent. In the fourth quarter alone, group sales rose by a reported 0.5 percent to €138 million. For the ...
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ArticleFerragamo cautious about the short-term
Salvatore Ferragamo posted a loss in 2024 and expressed caution about short-term developments. ”Considering the uncertainties over demand by luxury consumers, we remain cautious on short-term expectations,” the Italian fashion house said when releasing its final full-year results. Ferragamo had already released its sales figures on Jan. 30. In 2024, ...
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ArticleWeyco’s sales steady in Q4
The sales of Weyco Group steadied in the fourth quarter of 2024, with sales of $80.5 million, flat compared to the $80.6 million seen the year earlier after declines in the previous three quarters. Timid growth in both its wholesale and retail businesses in North America was offset by a ...
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ArticleZalando sees GMV, revenues up 4-9% in 2025
Zalando expects gross merchandise volume (GMV) and revenues to grow by between 4 percent and 9 percent this year, driven by the successful execution of its ecosystem strategy across both business-to-consumer (B2C) and business-to-business (B2B) growth vectors. In 2024, the German online fashion retailer posted a GMV of €15.296 billion, ...
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ArticlePrada’s full-year sales rise 15%
In 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €5,432 million. At constant exchange rates, top-line revenue grew by 17 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 16 percent at actual exchange rates and by 18 percent at ...
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ArticleGrendene’s Q4 sales rise 13% as exports grow
Grendene reported gross revenues in the fourth quarter of 2024 of 1,043.5 million reias (€170.9m), up by 12.9 percent compared to the year earlier and led by a surge in sales on foreign markets despite a host of challenges including global economic and political uncertainty, shipment delays, growing signs of ...
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ArticleSteve Madden sees double-digit sales growth from Kurt Geiger acquisition amid ‘meaningful headwinds’
Steve Madden anticipates that sales will increase this year by 17-19 percent, as its top line is boosted by the recently announced acquisition of Kurt Geiger. Excluding the British company, for which Steve Madden anticipates deal closing on May 1, sales are seen rising by a low-single-digit percentage. “We are ...
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ArticleRocky Brands cautiously optimistic after better-than-expected Q4
Rocky Brands is cautiously optimistic about the prospects for 2025 after posting better-than-expected sales in the fourth quarter of 2024 and seeing continued momentum at the start of 2025. Sales in the fourth quarter ended Dec. 31 increased by 1.7 percent to $128.1 million versus the year earlier, with growth ...
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ArticleAlpargatas books more inventory write-offs
Alpartagas, the parent company of Havaianas, took an inventory write-off of 164.3 million Brazilian reais (€27.4m) in the fourth quarter of 2024 and R$227.3 million (€37.1m) for the full year. The company had generated inventory surplus in 2021 and 2022. Alpartagas said that it following the write-off it ”is now ...
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ArticleBirkenstock’s Q1 sales come in below expectations
In the fiscal first quarter ended Dec. 31, Birkenstock Holding, the UK-based owner of the German sandal maker Birkenstock, posted revenues of €361.7 million, a year-over-year increase of 19 percent on a reported and constant currency basis but below market expectations by about €10 million. The top line was underpinned ...
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ArticleFirst phase of Wolverine’s turnaround is complete
Wolverine Worldwide, the parent company of Merrell and Saucony parent, in reporting its fourth-quarter results, said the first phase of its turnaround strategy is completed with cost cuts and margin expansions as key highlights of the effort. However, the company continues to face macroeconomic uncertainties within retail and possible tariff ...
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ArticleCrocs looks to international business to drive sales growth in 2025 and beyond
Crocs is looking to its international business to drive sales growth once again in 2025, as it also lays the groundwork for a new wave of expansion in its home market through diversification efforts away from its core clogs. In 2025, enterprise revenues for Crocs are expected to increase by ...
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ArticleStuart Weitzman’s sales hit by softness in direct sales in Greater China and North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $69.7 million in the fiscal second quarter ended Dec. 28, down by a reported 15 percent year-on-year and by 16 percent at constant currency rates primarily due to softness in direct channels in Greater China ...
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ArticleSkechers sees solid growth despite China challenges, forex headwinds
Skechers anticipates another year of solid growth in 2025, despite expectations of only a gradual improvement in the important Chinese market, along with foreign exchange and other headwinds. In 2025, Skechers projects sales of $9.70-9.80 billion, reflecting growth of about 8.7 percent at the midpoint, with foreign exchange headwinds seen ...
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ArticleJimmy Choo’s sales decline in Q3 and are expected to fall next year
Jimmy Choo posted a decline in sales and an operating loss for its fiscal third quarter, and the brand is expected to continue seeing flagging revenues and book a loss next year. In the three months ended Dec. 28, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted ...
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ArticleBoot Barn raises guidance as it starts Q4 strongly, prepares to protect margins as tariffs loom
Boot Barn raised its guidance for the fiscal year ending in March 2025 after starting out the fourth quarter strongly. Management also indicated the company was prepared to take actions to protect margins in the face of tariffs on imports from Mexico and China, including passing a portion of the ...
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ArticleFerragamo posts “encouraging” DTC sales in Q4
In the fourth quarter of 2024, Salvatore Ferragamo posted overall revenues of €291 million, down by a reported 6.7 percent and by 4.0 percent at constant exchange rates, partly due to a decline in the hedging cash flow to €0.2 million from €4.0 million a year earlier. Net sales in ...
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ArticleDeckers sees headwinds in Q4 after ‘superb’ Q3, winding down Koolaburra
Deckers Outdoor warned of headwinds in the fourth quarter of its financial year, after posting record earnings and sales in what management described as a “superb” third quarter. Sales in the third quarter ended Dec. 31 grew by 17.1 percent compared to the year earlier to $1.827 billion, with 16.6 ...
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ArticleH&M’s Q4 sales up 3% in local currencies
H&M Hennes & Mauritz’s net sales in the fourth quarter, ended Nov. 30, amounted to SEK 62.193 billion (€5.42bn), down from SEK 62.650 billion a year earlier. In local currencies, net sales increased by 3 percent. RBC Capital Markets’ analyst Richard Chamberlain pointed out that the fourth-quarter sales growth was ...
