Financial Results – Page 29
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Article
Hoka hits new heights, aims for more
Deckers Brands is working to further enhance Hoka’s escalating sales trajectory and increase its brand awareness with a new “Fly Human, Fly” global marketing campaign, additional expansion outside the U.S. and a broader product reach that will tap into the trail, hike, walking, and lifestyle segments desired by key age ...
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ArticleSteve Madden confirms full-year guidance despite a drop in consumer demand
Steve Madden posted a strong second quarter, beating earnings and revenues expectations, and confirmed its full-year targets despite a slowdown in consumer demand. The company saw a 34.5 percent increase in revenues in the second quarter of 2022 to $535.0 million, up from $397.9 million a year earlier and better ...
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ArticleSkechers adopts cautious H2 outlook, plans further distribution center investments
Skechers – citing currency impacts, persistent supply chain woes, a slower pace of recovery in China, and an overall uncertain global economic environment – is taking a “cautious view” for the remainder of 2022 after reporting record quarterly revenues. Describing a volatile supply chain environment over the last 4 to ...
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ArticleCapri plans to significantly boost shoe sales
Capri Holdings aims to significantly increase the footwear and accessories sales of its brands Jimmy Choo, Versace and Michael Kors, For Versace, footwear revenues are forecast to rise from $200 million in the full year ended April 2, 2022, to $300 million over time, while for Michael Kors shoe sales ...
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ArticleZalando cuts its FY guidance again
Zalando has further cut its full-year guidance as macroeconomic conditions deteriorated in the second quarter. The company had already issued a profit-warning in May with the release of its first-quarter results, which included the first decline in quarterly sales of the history of the German online fashion retailer. For the ...
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ArticleJD Sports’ FY earnings surge
In the full year ended Jan. 29, JD Sports Fashion’s basic earnings per ordinary share rose to 7.17 pence (8.4 euro cents) from 4.61 pence as revenue grew to £8.563 billion (€9.977 bn) from £6.167 billion. Adjusted earnings per ordinary share doubled to £12.84 pence (€14.90) from 6.44 pence. The ...
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ArticlePrimark to trial a click-&-collect service in the U.K.
The clothing, shoe and accessories retailer Primark is making its first move into online shopping in the U.K., where it will trial a ‘click-and-collect’ service as it reported a sharp rise in third-quarter sales. The company, owned by Associated British Foods (ABF), is launching the trial at 25 stores in ...
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ArticleEl Naturalista enjoys a strong rebound with its summer collection
El Naturalista’s summer collection is benefiting from a 26 percent increase in sales compared with the previous year as the Spanish brand owned by The Art Company rebounds from the dip caused by the Covid-19 pandemic. In 2019, the company, which is owned by five shareholders, of which three are ...
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ArticleBoohoo Q1 sales slip but company sees better second half
Boohoo reported a fall in first-quarter sales amid tougher trading conditions due to higher returns amid falling consumer confidence. The U.K. online fashion group, which sells clothing, shoes, accessories and beauty products, saw revenues fell by 8 percent to £445.7 million (€520m) in the three months to May 31. Like ...
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ArticleAsos issues a profit warning as customer returns surge
Asos has warned that profits could slump to as little as £20 million (€23.4m) in the full year ending in August, down from more than £190 million a year earlier as rising inflation prompted customers to return more items. In an unscheduled trading update, the British online fashion retailer ...
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ArticleScarpa FY sales €134m, up 22%
Scarpa, an Italian producer of outdoor footwear, posted sales of €134 million in 2021, up by 22 percent year-over-year, following a 4 percent increase in 2020, as more people took up walking during the Covid-19 pandemic. Last year, the company achieved 82 percent of its revenues outside Italy. Its main ...
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ArticleInditex posts highest gross margin in a decade
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted a 36 percent increase in revenues to €6.74 billion in the first quarter ended April 30 thanks to a strong performance across all geographies with the exception of Ukraine, Russia and China. The ...
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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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Article
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 ...
