All Financial results articles – Page 18
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ArticlePrada’s footwear sales rise 20% in H1
In the first half of 2023, footwear sales for the Prada group in the retail channel rose by 20 percent at constant currency rates to €374 million. Shoes represented 19 percent of the group’s quarterly retail sales. The group posted growth in all footwear collections: lifestyle, sneakers and formal. Growth ...
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Converse's FY revenues rise 3%
Converse’s revenues in the fiscal year ended May 31 rose by 3 percent to nearly $2.43 billion. Currency-neutral sales increased by 8 percent last year due to revenue growth in North America, Western Europe and licensee markets that was partially offset by declines in Asia, according to the financial report ...
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SUN68 sees 2023 sales rising to €80m
SUN68, the Italian fashion brand created in 2005 by Enrico Spinazzé, increased its sales by 20 percent to €73 million and expects to reach a turnover of €80 million this year. The brand started by selling only apparel and now achieves half its sales thanks to footwear. The brand, which ...
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ArticleStella Q2 sales momentum improves in Q2
Stella International, the Hong-Kong based footwear manufacturer and retailer, said that in the second quarter of 2023 it posted a 3.1 percent decline in manufacturing revenues to $419.5 million from $432.8 million as footwear shipments dropped by 6.7 percent to 14.0 million pairs from 15.0 million a year earlier. The ...
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ArticleFootway launches a capital hike as its liquidity is under pressure
Footway announced a SEK100 million (€8.7m) capital increase and a reduction of its inventory as its liquidity “is under pressure” due to tighter credit terms from suppliers in an ”already weak market.” On July 14, Swedish e-commerce company had a market capitalization of SEK 825 million (€72m). During the first ...
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Shoe Zone lifts guidance again after ‘exceptional’ trading month
Shoe Zone has lifted its full-year profit forecast for the second time in five weeks after an “exceptional” month of sales since its last update on June 9 as consumers seek value amid the U.K.’s cost-of-living crisis. “Trading has significantly exceeded management expectations due to continued strong demand with volumes ...
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Dr. Martens trading in line with its expectations
Dr. Martens said that trading since the start of the current financial year, which kicked off on April 1, has been in line with expectations. The fiscal first quarter is the British company’s smallest period of the year as it is marked by the end of spring/summer trading. The firm ...
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H&M’s profits continue to be hit by costs and dollar
H&M said that in the second quarter ended May 31 operating profit fell to SEK 4.741 billion (€400.6m) from SEK 4.988 billion the year earlier, with the operating margin narrowing to 8.2 percent from 9.2 percent as high raw material and freight costs and a strong U.S. dollar continued to ...
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SportsShoes.com's Q1 sales up 20%
SportsShoes.com has announced sales figures for its first quarter of the fiscal year that began March 1, 2023. According to the report, the British e-tailer, which was founded in 1982, saw its sales surge by 20 percent year-on-year to £83.8 million (€97.3m). At the same time, it added 140,000 new ...
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ArticleJD Sports’ growth slows down in May
JD Sports Fashion said that it benefited from ”further positive trading in all regions” through May with overall growth in organic sales at constant exchange rates up around 8 percent year-on-year. In the first three months of the company’s fiscal year, which ends on Feb. 3, 2024, growth in organic ...
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ArticlePrimark’s Q3 sales up 13%
In the 12 weeks to May 27, corresponding to its third fiscal quarter, Primark’s sales rose by 13 percent at constant currency rates to £1,998 million (€2,327m), with like-for-like sales up by 7 percent, thanks to higher average selling prices. In the first nine months of the fiscal year, revenues ...
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ArticleEcco’s 2022 sales rise by 30% to €1,586m but earnings remain below pre-Covid levels
In 2022, Ecco’s revenues rose by 30 percent to €1,586 million from €1,218 million a year earlier and exceeded a pre-Covid-19 turnover of €1,360 million posted in 2019. Comparable sales were up by 18 percent. In January 2022, the Danish footwear and leather group acquired a controlling interest in Ecco ...
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Santoni expects 20% sales growth in 2023
Santoni, the Italian luxury footwear brand, expects to increase sales by 20 percent in 2023 from the €98.8 million posted the previous year. The brand aims to develop direct-to-consumer sales with the opening of monobrand stores in Europe and by increasing the share of online revenues to 12 percent of ...
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Next increases full-year guidance after strong start to Q2
Next increased its full-year guidance after a strong start to its fiscal second quarter thanks to warmer weather and higher household incomes in the wake of annual salary increases. In the first seven weeks of the second quarter, full price sales were up by 9.3 percent year-over-year. Over the ...
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Mansèll’s FY sales rise 16.2%
Mansèll, the Italian brand specialized in leather shoes and accessories, expects to open its first monobrand early 2024 in Via della Spiga, in the heart of Milan’s fashion district. Eurasia, the company that owns the brand, also announced that 2022 sales rose by 16.2 percent to €16.5 million, with wholesale ...
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Munich’s 2022 sales reach €74.3m
Munich, the Spanish brand of sneakers, increased 2022 sales by 40 percent to €74.3 million. The brand has 29 monobrand stores in Spain and plans to open two more in the coming weeks. It is also building up its collection of fashion footwear, whose sales rose by 35 percent in ...
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ArticleAsos returns to profitability and Frasers Group lifts its stake
Asos, the struggling British online fashion retailer, returned to profitability in the third quarter and said its turnaround strategy was starting to bear fruit, prompting Frasers Group to lift its stake in the company to 10.6 percent. Adjusted Ebit rose more than £20 million (€23.3m) in the three months to ...
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H&M Q2 sales ‘flattish’ in local currencies
H&M said that in the period from March 1 to May 31, corresponding to its second fiscal quarter, net sales came in at SEK 57.616 billion (€4.97bn), up by 6 percent year-over-year on a reported basis while in local currencies sales were “flattish”. “Sales in the second quarter were affected ...
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Rene Caovilla sees 2023 sales up at least 15%
The Italian luxury footwear maker Rene Caovilla expects sales to rise by at least 15 percent this year after growing about 50 percent in 2022. In an interview with the daily Corriere della Sera, the chairman and creative director, René Fernando Caovilla, who took over the company created by his ...
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Yue Yuen’s industrial utilization rate is improving
Yue Yuen’s facility utilization rate is estimated to have improved based on the company’s monthly sales figures, according to the analysts of the U.S. bank Citi. In May, the company’s operating revenues fell by 7.5 percent year-over-year to $701.0 million after declining by 8.2 percent to $684.6 million in April. ...
