Financial Results – Page 18
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ArticleCCC’s sales and margins grow in Q1
In the fiscal first quarter ended in April, the CCC Group posted sales of 1.9 billion zloty (€413m), up by 33 percent from a year earlier, with e-commerce contributing to 55 percent of revenues. The group pointed out that it achieved growth in all segments and that its spring-summer collection ...
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ArticleDesigner Brands gains market share in North America
Designer Brands, the parent company of the footwear retailers DSW Designer Shoe Warehouse, Shoe Company and Shoe Warehouse, claims that it has gained market share in the U.S. and in Canada during the first quarter ended April 30 as it focuses on leading brands, as well as its own labels, ...
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Lululemon’s shoe launch exceeds expectations
Lululemon, a Canadian producer of performance apparel for yoga, running and training, said that the response to the launch in March of its first shoe, Blissfeel, was ”enthusiastic” and exceeded expectations. The company plans to increase inventories after running out of stock. ”We introduced our first shoe, Blissfeel, in March, ...
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ArticleJimmy Choo posts record sales
In the fourth quarter ended ended April 2, Jimmy Choo posted revenues of $156 million, up by 25.8 percent year-over-year on a reported basis and by 29.1 percent at constant currency rates. For the full year, sales reached a record $613 million, up from $418 million a year earlier, as ...
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ArticleDr. Martens lifts revenue guidance due to price hikes
Dr. Martens raised its sales guidance on the back of price increases that will take effect with the forthcoming autumn-winter collection, while its expectations regarding volume growth remain unchanged. The revised outlook comes after the iconic British brand sold a record number of boots and shoes in the full year ...
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ArticleGenesco expects promotional activity to rise as inventory levels normalize
Genesco’s gross margins have been supported by full-price sales, but the company believes that markdowns are likely to rise as inventories return to more normal levels and consumers become choosier in the face of high inflation and slowing economic growth. Due mainly to increased markdown activity, but also as a ...
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ArticleAlibaba does not provide guidance due to Covid uncertainty
The Chinese e-commerce group Alibaba did not provide a guidance for the full year ending in March 2023 due the uncertainty generated by the re-emergence of the Covid-19 pandemic in China which has been affecting its domestic business. “Since mid-March 2022, our domestic businesses have been significantly affected by the ...
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ArticleCaleres hikes sales, earnings outlook after record Q1
Caleres raised its guidance for revenues and profits for the full year after posting its best-ever first quarter for sales, gross margin and earnings. Sales in the three months ended April 30 grew by 15.1 percent to $735.1 million, comfortably above an analyst consensus for a top line of about ...
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ArticleDeckers’ FY revenues top $3 bn for first time, Hoka set to surpass $1 bn
Net income rose by 106 percent to $68,819,000 from $33,458,000 for the three months ended March 31 as total revenues grew by 31 percent to $736.0 million from $561.2 million. Operating income rose to 11.0 percent from 10.1 percent. Deckers Brands’ gross margin declined to 48.7 percent from 53.2 percent, ...
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ArticleArezzo & Co posts best Q1 sales ever
Arezzo & Co posted record sales for a first quarter, with gross revenues reaching 1,042 billion Brazilian reais (€200.7m), up by 64 percent from the previous year and by 125 percent compared with the first quarter of 2019. The Brazilian company achieved 28 percent of its gross revenues with franchisees, ...
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ArticleShoe Carnival returns to a normal product sales split
Shoe Carnival saw a return to retail normality in the fiscal first quarter, as the sales split moved back to the pre-pandemic division of 50 percent athletic and 50 percent non-athletic footwear. As expected, sales and earnings dipped in the three months ended April 30, as the U.S. retail chain’s ...
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ArticleShoe Zone resumes dividend distribution after paying back Covid loan
Shoe Zone reinstated dividend payments after having fully paid off the outstanding balance of 4.4 million pounds (€5.2m) of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The scheme was launched to during the Covid-19 pandemic to help medium and large sized businesses access loans and other kinds of finance ...
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ArticleStuart Weitzman sales continue to recover
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, posted in the third quarter ended April 2 sales of $63.9 million, up by 11 percent on a reported basis and 10 percent at constant currency rates. Digital sales represented 20 percent of quarterly revenues. The group pointed out ...
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ArticleGeox confirms sales outlook despite Ukraine conflict
Geox confirmed a full-year target for sales of over €700 million after posting strong and accelerating growth in the year to date, although it warned the target could be challenging should there not be a rapid resolution to the conflict in Ukraine and highlighted persistent pressures on margins due to ...
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ArticleYue Yuen's profit dips on retail drag
Yue Yuen Industrial reported a 10.8 percent drop in first-quarter net profit to $97.1 million compared to $108.4 million in the year-ago period ended March 31, as growing manufacturing capacity was overshadowed by weak sales at its Pou Sheng Intl. retail subsidiary due to the resurgence of Covid-19 in mainland ...
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ArticleHotter Shoes posts double-digit rise in Q1 sales but warns of ‘challenging’ year
The British retailer Hotter Shoes reported a double-digit increase in first-quarter sales and maintained its annual guidance, but warned of challenging conditions for the rest of the fiscal year. Owned by Unbound Group, Hotter Shoes also reported an improvement in gross margin despite the macroeconomic backdrop of rising inflation, supply ...
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ArticleTod’s is confident about 2022 after posting positive Q1 results
In the first quarter of 2022, Tod’s reported sales of €229.6 million, up by 23 percent year-over-year. At constant exchange rates, top line growth was 20 percent growth. The revenues of the Italian luxury goods manufacturer beat market expectations of €212 million and were above pre-pandemic levels. Among the group’s ...
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ArticleWolverine Worldwide hires Boston Consulting for strategic review
Wolverine Worldwide is maintaining its full-year outlook that calls for total FY22 revenues of $2.775 to $2.850 billion. This represents a 15 to 18 percent year-over-year increase with the DTC segment representing approximately 30 percent of global revenues and the international segment another 35 percent. Wolverine’s top three brands, Saucony, ...
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ArticleFerragamo to double revenues by 2026
Salvatore Ferragamo is targeting €2.3 billion in revenues by 2026, doubling sales thanks to a three-year investment plan of €400 million, as well as “significantly” boost its operating profit. The Italian leather goods maker is also trying to reduce its dependence on the Chinese market, where it achieved 30 percent ...
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ArticleBoot Barn targets $1.740 bn in sales in 2023 after a record 2022
Boot Barn is forecasting $1.740 billion in sales for 2023, after a 66.6 percent growth to $1.488 billion in fiscal 2022. In the full year ended March 26, the California-based shoe retailer posted a better than expected growth in net sales that lead to a $575.1 million gross profit, 38.6 ...
