Financial Results

  • steve madden logo

    Steve Madden beats its own expectations in Q1


    Steve Madden beat its own expectations in the first quarter of 2021 with revenues increasing by 0.5 percent to $361.0 million and a net income of $21.2 million, or $0.26 per diluted share, compared to net loss of $17.5 million, or $0.22 per diluted share, a year earlier. ...

  • crocs

    Crocs ups guidance after rising by over 60% in Q1


    Raising its guidance for the full financial year after a very strong first quarter, Crocs predicted that its revenues will grow by between 40 and 50 percent in 2021 from last year’s level of $1,386 million, up from its previous forecast of 20-25 percent growth. Posting the third ...

  • Stella

    Stella bounces back in Q1


    In a business update, Stella International said revenues for the first quarter increased by 15.3 percent to $303.4 million. This is mainly due to a favorable comparison base with last year’s first quarter, when the Chinese company’s revenues were affected by store and factory closures, as well as lower ...

  • Skechers_Logo

    Skechers is boosted by international wholesale and digital


    Lifted by robust international demand, Skechers ’ revenues jumped by 15.0 percent in the first quarter to a record level of $1,428.4 million, as compared to a year ago. Sales outside of the U.S. soared by 20.2 percent to represent 58 percent of the total turnover. In particular, the ...

  • Sequential Brands

    Sequential Brands cannot comply with its covenants


    Sequential Brands , a U.S. group that has a portfolio of consumer brands including Heelys , Avia and DVS , said that it is not expected to be able to comply over the next twelve months with certain of its financial covenants. It noted that if it fails ...

  • Asos logo

    ​Asos posts record profits on lockdown shopping boom


    In the first half ended Feb. 28, the British online retailer Asos more than tripled pre-tax profits to a record £106.4 million (€122.8m-$145.8m) and raised full-year expectations as it continues to benefit from the Covid-19 pandemic. While the switch to online shopping during lockdowns boosted trading, Asos was ...

  • Article

    Daphne International cuts its net loss as it changes business model


    The women’s footwear company Daphne International Holdings ended 2020 with a 77 percent reduction of its net loss to 242.0 million Hong Kong dollars (€26.5m-$31.1m) as an 83 percent drop in revenues to HK$ 363.9 million (€39.9m-$46.8m) resulted in a sharp fall in selling and distribution expenses as well ...

  • H&M 2

    ​H&M March sales up by 55%


    In the period from March 1-28, Hennes Mauritz ( H M )’s net sales increased by 55 percent in local currencies, recovering from a 21 percent decline in the first quarter that ended Feb. 28. On a reported basis, the Swedish fashion and accessories retailer H ...

  • Shoe-Carnival-Logo

    Record sales and earnings for Shoe Carnival


    Shoe Carnival had its best fourth quarter ever, with revenues reaching $253.9 million in the three months ended Jan. 30, 2021, a 5.8 percent increase from the year-ago quarter. Comparable-store sales increased by 6.4 percent. The American shoe retailer improved its gross margin by 1.7 percentage points to ...

  • Pittards logo

    Pittards posts operating profit in H2


    Pittards , the British leather and leathergoods manufacturer, which owns the brand Daines Hathaway , posted a positive Ebitda of £0.3 million (€0.35m-$0.41m) in the second half of 2020, albeit down from £0.9 million (€1.0m-$1.2m) a year earlier. For the whole of 2020, the company posted a negative ...

  • Yue Yuen 3

    Yue Yuen posts losses despite retail rebound


    Although China is resisting the pandemic much better than other markets, Yue Yen Industrial Holdings ended 2020 in the red, hampered by the global decline in the demand for shoes, especially in the casual segment. The company was strongly impacted by government measures to contain the spread of the ...

  • Stella

    Stella cautiously optimistic about first half of 2021


    Stella International is “cautiously optimistic” about order levels for the upcoming spring and summer 2021 season, although it still has low visibility for the second half of the year due to the recent new Covid-driven lockdowns in many countries around the world. Steady volume growth and margin improvement will ...

  • Caleres

    Caleres cuts debt to below pre-Covid levels


    Caleres posted lower sales and a net loss in the fourth quarter, but thanks to strong cash generation it continued to significantly deleverage its balance sheet, pushing debt below pre-pandemic levels. In the fourth quarter alone, it reduced credit facility borrowings by $50 million to $250 million, or $25 million ...

  • Designer Brands store

    ​Designer Brands’ sales of athletic shoes rose sharply in Q4


    Designer Brands improved its fourth-quarter sales from the previous three months as it continues to increase its exposure to athleisure and children’s footwear and develop its digital capabilities. The company has streamlined its offer to focus on the top 50 brands in the U.S. and top 30 in Canada. ...

  • genesco

    Genesco sees supply chain disruption easing this summer


    Congestion in maritime shipping, due to the lack of containers, is causing four to six weeks in delays in footwear deliveries. But, the situation is expected to improve and the supply chain to be “in much better shape” in summer, when the back-to-school season kicks off, according to Mimi Vaughn ...

  • Weyco logo

    Bogs keeps momentum going


    Even with low precipitation in November and December across the U.S., demand for Bogs , a footwear brand best known for its waterproof boots, remained strong in the fourth quarter, as consumers continue to spend more time outside during the pandemic. It continued to diversify its product mix, selling more ...

  • Zara-Symbol

    Inditex posts a first-ever decline in floor space


    Inditex , the Spanish group that owns the brands Zara , Pull Bear , Massimo Dutti , Bershka , Stradivarius , Oysho , Zara Home and Uterqüe , experienced its first ever decline in floor space in the full year that ended on Jan. 31. The Spanish group had ...

  • Prada

    Prada returned to pre-Covid profitability in H2


    Thanks to cost containment measures and a rebound in sales, Prada returned to pre-Covid-19 profitability levels in the second half of 2020. The recovery, however, was not sufficient to post a net profit for the full year, which was compromised by the decline in activity suffered in the first ...

  • Vulcabras

    Vulcabras’ sales rise nearly 23% in Q4


    Vulcabras posted double-digit growth in the last three months of the year, despite the impact of the pandemic on the shoe market in Brazil. Revenues rose by 22.8 percent from the year-ago quarter to 459.1 million Brazilian reais (€66.7m-$79.4m) and net income jumped by 21.1 percent to R$54.6 million ...

  • Shoe Zone logo

    Shoe Zone warns on profits


    Shoe Zone has warned that profits are unlikely to return to pre-Covid pandemic levels for the “foreseeable future,” after it swung to a full-year loss, citing the impact of store closures during lockdowns. The company said revenues for the year to Oct. 3, 2020 slumped by 24 percent ...