Financial Results – Page 32
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ArticleRocky Brands targets savings as Q4 net sales soar
U.S. footwear company Rocky Brands said it is targeting cost savings and synergies after integrating Honeywell International’s performance and lifestyle footwear business last year as it reported a 93.4 percent surge in fourth-quarter net sales. The company, which called the $230m acquisition “transformational”, said sales for the three months to ...
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ArticleZalando releases a disappointing 2022 guidance
Zalando posted better-than-expected sales in 2021 but released a disappointed guidance for 2022, which prompted the company’s share price to drop nearly 10 percent on the day. In the full year ended Dec. 31, the German online fashion retailer posted a 29.7 percent increase in revenues to €10.35 billion, compared ...
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ArticleFarfetch profitability improves on lower markdowns
Farfetch posted a strong improvement in its gross operating profit thanks to a reduction in markdowns. In a conference call, José Neves, the company’s founder and chief executive, said that out of the 10 brands on its marketplace “five now follow a full-price strategy for their e-concessions” while the retailer’s ...
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ArticleSteve Madden eyes DTC, Europe and apparel for more growth
Steve Madden reported a net income of $66.0 million in the fourth quarter against $22.6 million a year earlier. On adjusted basis, the bottom line grew to $70.4 million from $21.8 million. Total revenues rose by 65 percent to $575.1 million for the quarter ended Dec. 31. Sales highlights included ...
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ArticleGeox starts 2022 strongly but Ukraine conflict casts shadow
Geox said it has started 2022 strongly, but highlighted uncertainty about the potential impact of the conflict in Ukraine on its results. The Italian footwear company could not currently quantify the impact of the conflict and economic sanctions against Russia on its performance. In 2021, the company achieved €51 million ...
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ArticleGrendene’s export business shines in challenging year
Grendene, despite facing persistent supply chain challenges and an uneven recovery around the globe from the Covid-19 pandemic, generated strong export sales gains in the fourth quarter and in 2021. Strong recoveries in the European and in Latin American markets contributed to the improvement. The Brazilian footwear maker, whose portfolio ...
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ArticleWolverine posts better-than-expected Q4 results
Wolverine Worldwide narrowed its fourth-quarter losses, boosted by its recent acquisition of Sweaty Betty, the U.K.-based brand of women’s fitness apparel, and it forecast sales growth of 15-18 percent for 2022. The Michigan-based owner of Merrell, Saucony, Sperry, Keds and other brands reported a net loss of $14.6 million for ...
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ArticleDriving toward breakeven results, Allbirds preps a wholesale strategy
Allbirds reported positive adjusted Ebitda of $0.4 million for the fourth quarter of 2021, compared with a loss of $5.3 million in the corresponding period of 2020, thanks to higher revenues combined with a reduction in marketing expenses from 29.8 percent to 19.1 percent of sales. The company attributed the ...
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ArticleBasicNet sees significant sales growth in Q4
BasicNet said it posted “significant” growth at the end of 2021, with consolidated revenues in the fourth quarter jumping by 26.5 percent from the year-earlier period to €80.0 million, marking an improvement of over 14 percent on 2019. BasicNet, the Italian-based parent company for brands such as Kappa, K-Way, Superga ...
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ArticleHotter Shoes in tie-up with M&S as revenues rise
Unbound Group, the parent company of Hotter Shoes, announced that the footwear brand enjoyed a surge in fourth-quarter revenues and will sell its comfort shoes through the British retailer chain Marks & Spencer (M&S). Unbound said that M&S will immediately start selling 32 Hotter products on its “Brands at M&S” ...
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ArticleGabor 2021 sales drop 13.6% as Covid continued to weigh
The German shoe manufacturer Gabor took a hit from the coronavirus pandemic for a second straight year as extended lockdowns in the first half of the year, supply chain disruptions and rising procurement and logistics costs weighed on results. The Rosenheim-based company’s sales stood at €260 million in 2021, ...
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ArticleCrocs targets $6 bn in sales in 2026
Crocs exceeded $2.3 billion in revenues last year and expects to reach a turnover of $6 billion in 2026, thanks to the takeover of Heydude and organic growth driven by its digital business. The U.S. footwear company posted a strong fourth quarter with an increase of 42.6 percent in sales ...
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ArticleOver 12 million pairs of Havaianas sold in EMEA in 2021
Havaianas, the Alpargatas-owned sandal brand, generated the equivalent of €115.4 million in revenues in Europe, the Middle East and Africa (EMEA) last year, representing a 35 percent year-over-year increase. Results were driven by the Sparkle flip-flop line and the Beyond Core category that grew 28 percent in unit volume. The ...
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ArticleStuart Weitzman sales return to pre-Covid levels
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, returned to pre-Covid sales levels in the second quarter ended Jan.1, and posted an operating profit. In the quarter, Stuart Weitzman increased sales to $115.8 million from $84.5 million. At constant currency rates, sales were up by 37 percent ...
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ArticleSkechers sets its sights on metaverse after a record 2021
Skechers revealed plans to seek growth opportunities in the metaverse after posting better-than-expected results in the fourth quarter of 2021 and sales records in every quarter of the year. Revenues in the three months ended Dec. 31 increased by 24.4 percent to $1,648 million, topping analysts expectations by about $100 ...
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ArticleUGG and Hoka grow but higher costs hit Deckers’ margins
UGG and Hoka One One drove Deckers Brands’ growth in the third quarter ended Dec. 31, but higher transport costs and supply chain bottlenecks impacted negatively on the company’s margins. The company noted that the most significant impact of supply chain disruptions are extended transit lead times and cost pressures ...
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ArticleCapri expects to post record full-year earnings
In the fiscal third quarter, Capri Holdings’ revenues and earnings exceeded the company’s own expectations. This prompted the luxury goods conglomerate, that owns Versace, Jimmy Choo and Michael Kors, to raise its full-year adjusted diluted earnings per share guidance to $6.00, the highest level in its history, while targeting double-digit ...
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ArticleNice Footwear posts positive results despite headwinds
Nice Footwear announced ”substantially positive” first-half results despite the negative impact of the Covid-19 pandemic and the rising of shipping costs and duties. In the six month ended Oct. 30, 2021, the Italian footwear group reported €14.8 million in total revenues, of which €7.37 million generated in Italy and €7.49 ...
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ArticleANWR posted a decline in footwear sales in 2021
A diversification across many activities, industries and regions helped the ANWR Group weather the pandemic and offset a decline in the footwear business. In 2021, the group increased its revenues by 11 percent to €19.8 billion, thanks to the contribution of its financial services businesses DZB Bank and Aktivbank. In ...
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ArticleFerragamo Q4 sales up by nearly 21%
Salvatore Ferragamo reported preliminary results that showed that fourth-quarter sales increased by 20.8 percent year-over-year to €350.2 million, thanks to a strong contribution from North America and its digital channel. At constant currency rates, revenues were up by 23.5 percent. Analysts at the broker Websim said the Italian fashion house’s ...
