Financial Results – Page 4

  • golden-goose-logo-directory
    Article

    Golden Goose’s revenues rise by 19% in the first nine months

    2023-11-23T14:51:00Z

    Golden Goose’s revenues in the first nine months of 2023 stood at €421 million, up by 19 percent year-over-year and up by 60 percent compared with 2021. The brand achieved 69 percent through direct-to-consumer channels. In the sole third quarter of 2023, revenues of the Italian sneaker brand were up ...

  • coats-logo
    Article

    Coats’ sales trends improve in H2

    2023-11-22T16:54:00Z

    In the four months running from July 1 to Oct. 31, Coats’ overall revenues fell by a reported 9 percent year-on-year, while organic revenues dropped by 12 percent at constant currency rates, an improvement on the first half of the year. In the first six months of 2023, organic growth ...

  • Shoe-Carnival-Logo
    Article

    Shoe Carnival sees Q4 comparable sales down 9-12%, cuts FY guidance after disappointing Q3

    2023-11-20T12:15:00Z

    Shoe Carnival forecast that comparable sales would decrease by 9 to 12 percent in its fourth quarter ending in January 2024 and cut its guidance for the full year, amid limited visibility on consumers’ buying behavior in the upcoming holiday season and after unseasonably hot weather in September and October ...

  • Yue Yuen
    Article

    Below-average order rates continue to impact Yue Yuen

    2023-11-15T14:28:00Z

    Profit attributable to Yue Yuen fell by 49 percent to $137.7 million for the nine months ended Sept. 30 from $270.1 million a year earlier, as sales declined by 14.1 percent to $5.99 billion from $6.97 billion. Manufacturing revenues declined by 20.9 percent year-over-year to $3.79 billion. Ebit sunk by ...

  • Arezzo & Co
    Article

    Arezzo sales up 13% in Q3 despite lower shoe, handbag volumes

    2023-11-13T16:34:00Z

    Arezzo & Co posted gross revenues of 1,583 million Brazilian reais (€300.4m) in the third quarter of 2023, up by 12.7 percent compared to the year earlier and underpinned by an increase in full-price sales that helped to offset a drop in sales volumes for shoes and handbags. The number ...

  • Aeffe
    Article

    Pollini’s sales growth turns negative

    2023-11-13T16:31:00Z

    Pollini, the luxury footwear brand owned by the Italian fashion house Aeffe, posted sales of €8.9 million in the third quarter of 2023, down by 16.5 percent from a year earlier, resulting in a 4.2 percent drop in the first nine months to €26.1 million. In the first half of ...

  • Jimmy Choo logo
    Article

    Jimmy Choo’s sales fall on weaker consumer demand

    2023-11-13T09:52:00Z

    In the second quarter ended Sept. 30, Jimmy Choo posted revenues of $132 million, down by 7.0 percent year-over-year on a reported basis and by 9.2 percent at constant currency rates due primarily to a softening in consumer demand, mainly in the Americas. Revenues in the Americas declined by 11.6 ...

  • Stuart Weitzman
    Article

    ​Stuart Weitzman sales drop on lower off-price shipments, slower recovery in China

    2023-11-13T09:50:00Z

    Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $52.6 million in the fiscal first quarter ended on Sept. 30, down by 19 percent year-over-year on a reported basis and by 18 percent at constant currency rates. “Results in the quarter were pressured against ...

  • tods-logo again
    Article

    ​Tod’s’ sales growth stalls in Q3

    2023-11-13T09:50:00Z

    Tod’s‘ sales in the third quarter of 2023 rose by 1 percent year-over-year to €259.0 million due to a challenging comparison base and adverse exchange rates. At constant currency rates, the top line grew by 5 percent. In the first half of the year, the Italian fashion group had enjoyed ...

  • Geox
    Article

    Geox’s store rationalization ‘almost’ completed

    2023-11-13T09:50:00Z

    Geox said that the rationalization of its network of mono-brand stores is “almost” completed. The Italian footwear company has slashed the network from 974 units at the end of 2019 to 656 at the end of September and expects to finish 2023 with 655 stores. Over the past 12 months, ...

  • AllBirds-Logo
    Article

    Allbirds sees Q4 sales down by 15-22%

    2023-11-10T14:10:00Z

    Citing a negative impact on revenues due to its transition to a direct selling model in both Canada and South Korea, as well as plans for “heightened” promotional activity during the holiday season, Allbirds expects fourth-quarter revenues to sink by 15 to 22 percent to a range of $66 million ...

  • alpargatas logo
    Article

    Alpargatas reports a Q3 loss despite improving trends

    2023-11-10T14:10:00Z

    Despite reporting 23 percent less unit volume to 51 million pairs, a 10.4 percent drop in period revenues to $896 million (€171.7m), and a net loss of R$8.5 million (€1.6m), Alpargatas realized improving trends in product sellthrough levels in the third quarter ended Sept. 30. The result was a normalization ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine lowers outlook as overhaul moves forward

    2023-11-10T14:10:00Z

    Wolverine World Wide’s third-quarter results weren’t pretty, but they did exceed Street estimates on several fronts as the Merrell, Saucony, and Sweaty Betty parent moved forward with numerous initiatives aimed at reducing annualized costs by $215 million and turning the company’s fortunes in the right direction again. Net income ...

  • steve madden logo
    Article

    Steve Madden enjoys strong growth in Europe

    2023-11-10T12:21:00Z

    In the third quarter of 2023, Steve Madden enjoyed strong growth in Europe, but the performance in the region was not sufficient to enable the U.S. company to increase overall sales during the three-month period. “Our EMEA (Europe, Middle East and Africa) region was a standout,” commented Edward Rosenfeld, the ...

  • Weyco
    Article

    Weyco expects another sales decline in Q4

    2023-11-09T17:04:00Z

    Weyco Group said it anticipates another decline in sales in the fourth quarter of 2023 in the face of a drop in consumer demand and an inventory backlog among wholesalers. “Not only are we going up against a strong fourth quarter last year, but retail market conditions remain challenging as ...

  • primark logo
    Article

    Primark expected to grow sales and earnings in 2024

    2023-11-07T18:28:00Z

    Primark, the fast-fashion retailer owned by Associated British Foods (ABF), posted sales of £9.0 billion (€10.4bn) in the full year ended Sept. 16, up by 17 percent at actual exchange rates and 15 percent at constant currency rates. Like-for-like sales growth was 8.5 percent for the year. ”Trading was much ...

  • Boot Barn
    Article

    ​Boot Barn cuts guidance as sales continue to soften through October

    2023-11-04T09:50:00Z

    Boot Barn cut its guidance for the full year after its sales performance progressively worsened during the second quarter ended on Sept. 30 and continued to soften at the start of its third quarter, amid signs of slowing consumer demand. Boot Barn now expects to post full-year sales of $1,677 ...

  • crocs
    Article

    Crocs taking steps to reset Heydude business

    2023-11-03T11:58:00Z

    There will be some immediate pain, largely negative wholesale growth in the fourth quarter, as Crocs takes additional steps to shore up the fortunes of its Heydude business. Those efforts are focused on distribution clean-up, greater segmentation by distribution channel coupled with stronger control of digital pricing, and the establishment ...

  • rocky-brands
    Article

    Rocky Brands margins, profits rise in Q3 despite 15% sales decline

    2023-11-03T11:38:00Z

    Rocky Brands posted higher profits and margins in the third quarter of 2023, benefiting from lower freight costs, improved distribution center efficiencies and an increased share of higher-margin retail sales. Profitability gains came despite a decline in the top line, which decreased by 14.8 percent to $125.6 million in the ...

  • Zalando
    Article

    Zalando cuts its full-year guidance for GMV, revenues

    2023-11-02T16:54:00Z

    After third-quarter revenues were affected by a “macroeconomic environment of low consumer sentiment and declining online sales”, Zalando cut its full-year gross merchandise volume (GMV) and revenues expectations due to continued pressure on demand for the rest of the year. “The quarter was also adversely impacted by the warmest September ...