Financial Results – Page 2

  • coats-logo
    Article

    Coats sees recovery in footwear as customer destocking winds down

    2024-03-11T10:15:00Z

    Coats expects modest revenue growth in 2024 as its markets started to recover in the second half of last year, helping it to deliver higher 2023 profits. The British group, which makes threads and components for the footwear and clothing industries, said destocking of inventories by footwear customers had lagged ...

  • Salvatore Ferragamo
    Article

    Ferragamo’s full-year profits shrink on weaker sales, higher investments

    2024-03-07T18:26:00Z

    Salvatore Ferragamo’s full-year net profit plummeted by 59 percent to €26 million as total revenues fell by a reported 7.6 percent, and 8.1 percent in local currencies, to €1,157 million, with all categories, channels and regions, except the Europe, Middle East and Africa (EMEA) area, lower. The company had already ...

  • Grendene
    Article

    Grendene’s Q4 bottom line underpinned by lower raw material costs

    2024-03-07T18:25:00Z

    Grendene realized 13 percent year-over-year Ebitda growth to 168.2 million Brazilian reais (€31.3m) in the fourth quarter of 2023, while the net profit grew by 20 percent higher to R$243.0 million (€45.2m) as lower raw material costs offset weak sales. Fourth-quarter net revenues slipped by 0.4 percent to R$760.8 million ...

  • Birkenstock logo IPO
    Article

    Birkenstock reassures investors on profits, makes progress in closed-toe shoe sales

    2024-03-04T09:57:00Z

    Birkenstock reassured investors that the pressure on profits from its ongoing production capacity investments is only temporary and will set the stage for future expansion. The company confirmed its guidance for top-line growth of 17-18 percent at constant foreign exchange rates in the current fiscal year. Sales in the first ...

  • Rockey Brands
    Article

    Rocky Brands’ Q4 sales fall 9.3% amid unexpected headwinds

    2024-03-01T10:50:00Z

    Rocky Brands reported sales of $126.0 million in the fourth quarter of 2023, down by 9.3 percent compared to the year earlier but still an improvement on the previous quarter and the slowest rate of sales decline for the year. Sales were down by 6 percent when service brand sales, ...

  • steve madden logo
    Article

    Steve Madden’s Q4 results beat expectations

    2024-02-28T16:43:00Z

    In the fourth quarter of 2023, Steve Madden’s revenues and bottom line come in above the group’s expectations. Quarterly sales increased by 10.4 percent year-on-year to $519.7 million, while the gross profit margin slipped to 41.3 percent from 42.2 percent. The adjusted gross profit margin was 41.7 percent. The turnover ...

  • Sergio Rossi 2
    Article

    Sergio Rossi posts a decline in FY revenues due to a weak H2

    2024-02-23T17:48:00Z

    Sergio Rossi, the Italian shoemaker owned by the Chinese luxury goods firm Lanvin Group, finished 2023 with a 4 percent decline in revenues to €60 million after suffering a 24 percent drop in the top line to €27 million during the second half of the year. During the first six ...

  • ccc_logo
    Article

    CCC Group posts record Q4 sales as margins rise sharply

    2024-02-23T16:47:00Z

    CCC Group generated revenues of 2.5 billion zloty (€579.4m) in its fourth quarter ended Jan. 31, 2024, a new quarterly record and up from the PLN 2.4 billion posted the year earlier, as off-price banner Halfprice continued to lead the way with 53 percent growth in its top line. The ...

  • Wolverine
    Article

    Wolverine makes progress on turnaround but more bumps likely

    2024-02-22T10:29:00Z

    Six months on the job, Wolverine World Wide’s president and CEO, Chris Hufnagel, had to oversee changes in many aspects of the group’s overall business, including excess inventory, shedding businesses, lowering debt levels, and improving the supply chain. Progress has been made, but the turnaround will take more time ...

  • crocs
    Article

    ​Crocs brand starts 2024 with momentum but $5bn sales target will take longer to reach

    2024-02-16T16:37:00Z

    The Crocs brand has started 2024 “with momentum,” after sales in 2023 jumped by 14 percent to $3.0 billion, but management now expects it will take a bit longer to reach a $5.0 billion 2026 sales target unveiled in 2021. “I don’t think it’s realistic to achieve the $5 billion ...

  • Shoe-Carnival-Logo
    Article

    Shoe Carnival buys Rogan Shoes

    2024-02-16T12:40:00Z

    Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 stores in Wisconsin, Minnesota and Illinois which trade under the Rogan’s Shoes banner, for a purchase price of $45 million. The US footwear retailer expects the acquisition to be immediately accretive to its fiscal 2024 ...

  • BasicNet-33410-logo
    Article

    BasicNet’s revenues inch up 3%

    2024-02-14T09:51:00Z

    BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...

  • alpargatas logo
    Article

    Alpargatas’ Q4 results hit by write-offs

    2024-02-12T17:05:00Z

    Write-offs totalling 64 million Brazilian reais (€12.0m) in raw materials and finished goods affected fourth-quarter adjusted Ebitda at Alpargatas. The Brazilian footwear group ramped up its capital discipline in the latter months of 2023 because of a “significant reduction” in sell-ins, itself due to high levels of inventory at retail. ...

  • Jimmy Choo logo
    Article

    Jimmy Choo’s Q3 sales and profitability decline

    2024-02-09T17:27:00Z

    In the third fiscal quarter ended on Dec. 30, Jimmy Choo posted revenues of $166 million, down by 1.2 percent compared with the prior year on a reported basis and by 3.0 percent at constant currency rates. The brand’s retail sales were approximately flat, while wholesale revenue decreased by a ...

  • VF_Blue_Ball_New_Logo
    Article

    VF starts a strategic review of its assets

    2024-02-07T15:13:00Z

    VF Corp., whose current portfolio includes The North Face, Vans, Timberland and Dickies, has initiated a strategic review of its brand assets. The announcement comes after the company’s shareholder Engaged Capital made in October a presentation “highlighting the actionable and significant opportunities for long-term value creation at the company.” According ...

  • Deckers
    Article

    Deckers announces CEO change as record-breaking streak continues

    2024-02-02T17:23:00Z

    After another record-breaking quarter, Deckers has announced that Dave Powers will retire as president and chief executive officer on Aug. 1 and will be replaced by the current chief commercial officer, Stefano Caroti. Powers retires after 13 years at the helm, during which Deckers grew explosively, although he will continue ...

  • Skechers_SKX_BLK-logo
    Article

    Skechers cautiously optimistic on wholesale sales turnaround, DTC growth seen continuing

    2024-02-02T16:00:00Z

    Skechers is cautiously optimistic about prospects for a turnaround in its wholesale business in 2024. Its direct-to-consumer (DTC) business is expected to continue growing, although likely at a slower pace than last year, as it reports that sales in the last quarter of 2023 inched up by 4.4 percent to ...

  • Boot Barn
    Article

    Boot Barn sees Q4 sales drop as same-store sale headwinds continue, bad weather hurts business

    2024-02-02T10:28:00Z

    Boot Barn now expects sales for fiscal year 2024 to stagnate, once again cutting its top-line guidance as revenues from new stores are offset by a continued decline in same-store sales and after poor weather in January led to a “significant disruption” in business and contributed to a sharp decline ...

  • H&M logo
    Article

    H&M appoints a new CEO

    2024-02-01T15:01:00Z

    The board of H&M Hennes & Mauritz has appointed Daniel Ervér, responsible for the H&M brand, as the new president and CEO of the Swedish fashion retailer, with immediate effect. He succeeds Helena Helmersson, who has decided to step down as CEO and leave the group. Ervér, born in 1981, ...

  • tods 3
    Article

    Tod’s hints at positive profit news as sales momentum continues

    2024-01-29T09:35:00Z

    Diego Della Valle, the chairman and CEO of Tod’s, said he was “very positive” about profits and growth potential at the Italian fashion house after it reported 2023 figures that showed continuing sales momentum. Full-year sales increased by 11.9 percent last year to reach €1,127 million, growing by 14.0 percent ...