Ferragamo issues a profit warning
In the wake of third-quarter results, Salvatore Ferragamo warned that it expects its full-year operating result to be at the lowest end of analysts’ estimates due to persisting uncertainties over demand by luxury consumers.
Zalando hikes its full-year guidance
Zalando has increased its 2024 forecast following a solid third-quarter performance. The Berlin-based fashion and lifestyle e-commerce giant, which has seen steady growth in its customer base and online demand, now expects higher full-year results for its gross merchandise volume (GMV), revenues and adjusted Ebit, marking a positive outlook for ...
Spartoo improves its cash flow despite lower sales
In the first half of 2024, Spartoo suffered a decline in revenues but continued to improve its cash flow thanks to a reduction in working capital as inventories decreased.
H&M posts disappointing Q3 results
H&M Hennes & Mauritz posted lower-than-expected third-quarter results and cut its full-year guidance.
Footasylum posts record sales and earnings
Footasylum posted record results in the fiscal year that ended on Jan. 27, 2024. Revenues rose by 7 percent to £319.5 million (€382.2m) for the British footwear retailer. The top line was driven by online sales, which grew by 15 percent to £134.9 million, or 42.2 percent of overall revenues, ...
Next lifts guidance again as overseas sales boost H1 profits
Next has lifted its annual profit guidance for the second time in two months to almost £1 billion (€1.2bn) thanks to a sharp jump in overseas sales in the first half of its financial year and strong trading in recent weeks.
Caleres unveils cost-cutting measures, lowers guidance after falls short in Q2
Caleres said it was accelerating cost-cutting measures and cutting guidance for its full fiscal year, after missing sales and earnings guidance in the second quarter ended Aug. 3.
Designer Brands cuts guidance as dress, seasonal footwear suffer
Designer Brands said it was cutting its sales and earnings guidance for the full year after posting worse-than-expected results in its second quarter ended Aug. 3, as the outperformance of its growing athleisure offering was not enough to offset difficulties with dress and seasonal footwear.
Inditex’s H1 sales growth outpaces costs
In the first half ended July 31, Inditex posted sales of €18.1 billion, up by a reported 7.2 percent and by 10.2 percent at constant exchange rates, with store openings in 34 markets bringing the group to a total of 5,667 stores. The top line outpaced operating expenses, which increased ...
Golden Goose H1 sales up by 12% driven by DTC
At constant exchange rates, Golden Goose posted a 12 percent year-on-year increase in first-half net revenues to €307 million driven by its direct-to-consumer (DTC) business.