All Financial results articles – Page 2
-
ArticleWolverine lifts its FY guidance
In the third quarter of 2024, Wolverine Worldwide, Inc (WWW) posted an operating income of $35.2 million, up by 29 percent from $27.3 million a year earlier. The gross margin soared by 4.50 percentage points to 45.3 percent from 40.8 on lower supply chain costs and end-of-life inventory sales. Net ...
-
ArticleJimmy Choo’s sales rise and operating loss diminishes
In the fiscal second quarter ended Sept. 28, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $140 million, up by 6.1 percent on a reported basis and by 5.3 percent on a constant currency basis compared to the prior year driven by the wholesale channel. ...
-
ArticleStuart Weitzman’s sales rise driven by North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $53.7 million in the fiscal first quarter ended Sept. 28, up by 2 percent year-on-year both on a reported basis and at constant currency rates, as growth in North America offset “softness” in Greater China. ...
-
ArticleGolden Goose’s sales rise by 12% at constant exchange rates
In the first nine months of 2024, Golden Goose’s net revenues rose by 12 percent at constant exchange rates to €466 million, driven by direct-to-consumer (DTC) sales and the Europe, Middle East and Africa (EMEA) business region. The premium Italian sneaker brand achieved 49 percent of its revenues in EMEA, ...
-
ArticleGrendene's Q3 revenues jump 10% despite decline in exports
Grendene’s gross revenues in the third quarter of 2024 grew by 10.0 percent compared to the year earlier to reach 926.5 million reais (€149.6m), fueled by the strength of its domestic market despite a consumption scenario the company said continues to be challenging. The group’s domestic sales rose by 13.2 ...
-
News briefs
Alpargatas posts a Q3 profit
In the third quarte of 2024, the Brazilian group Alpargatas reported a net income of R$57.3 million reais (€8.8m) against a loss of R$8.5 million a year earlier. The gross margin widened by 7.10 percentage points year-over-year to 47.7 percent as total sales increased by nearly 16 percent to ...
-
ArticleAllbirds signs distribution agreements for Europe and Latin America
Allbirds has signed agreements with distributors in Europe and Latin America as part of the expansion of its international distributor model. Effective July 1, 2025, Chris Sports will be the exclusive Allbirds distributor across Austria, France, Germany, Italy, Liechtenstein and Switzerland. Chris Sports, founded 30 years ago, is based in ...
-
News briefs
Vulcabras’ profit rises 35 percent in Q3
For Vulcabras, the Brazilian footwear group, net income increased by 35 percent to 172.2 million Brazilian reais (€27.3m) as Ebitda margin expanded by 0.90 percentage points to 25.1 percent in the quarter ended Sept. 30. Gross margin inched up by 0.20 percentage points to 43.1 percent from 42.9 percent. Shipped ...
-
ArticleWeyco sales slump amid lower demand, warm weather
Weyco generated sales of $74.3 million in the third quarter of 2024, down by 12 percent compared to the year earlier, driven by sharp declines in the wholesale business for its Nunn Bush, Stacy Adams and Bogs labels amid soft consumer demand as consumers made cuts in discretionary spending. Net ...
-
ArticleAsos’ loss widens as sales fall by 16% like-for-like
In the full year ended Sept.1, Asos’ adjusted revenues fell by 16 percent like-for-like to €2.896 billion (€3.450bn), in line with the guidance given in September. On a reported basis, the top line was down by 18 percent to £2.906 billion. The gross margin dipped to 43.4 percent from 44.2 ...
-
ArticlePrimark sees 2025 sales up by about 5%
Primark is targeting a mid-single-digit sales growth rate in the fiscal year ending in September 2025 as it continues to open stores in growth markets in Europe and the US and to focus on an increase in like-for-like sales in more mature markets. ”This will be supported by investment in ...
-
ArticleZalando swings to a third-quarter profit
Zalando posted a net profit of €44.3 million in the third quarter of 2024 against a net loss of €8.2 million a year earlier, driven by higher revenues and operating profits. The gross merchandise volume (GMV) rose by 7.8 percent to €3.5 billion and revenues increased by 5.0 percent to ...
-
News briefs
BasicNet’s 9-month Ebitda dips by 9%
BasicNet, the Italian parent of Kappa, Robe di Kappa, Superga and Sebago, realized a 9.1 percent decline in nine-month Ebitda to €40.6 million from €44.7 million a year earlier. Nine-month Ebit slipped by 16.4 percent to €26.9 million. Consolidated nine-month revenues declined by 0.5 percent to €296.1 million from ...
-
ArticleDune London’s parent company posted a full-year loss
Dune Topco, the parent company of the British footwear retailer Dune London, posted a loss in the full year ended Jan. 27, 2024, due to a difficult business environment. In the full year, sales were virtually unchanged, rising to £142.0 million (€169.4m) from £141.5 million the previous year, with like-for-like ...
-
ArticleRocky Brands sees FY sales falling to low end of guidance
Rocky Brands expects sales for the full year to come in at the low end of its $450 million to $460 million guidance range, down slightly from the $461.8 million reported last year, following a decline in third-quarter sales and amid expectations it will not be able to completely make ...
-
ArticleCrocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows
Crocs Inc. posted better-than-expected results in the third quarter ended Sept. 30, but management acknowledged that a turnaround at its Heydude brand is taking longer than expected, and it has become more cautious on prospects for China this year. As a result, the company now anticipates full-year sales growth at ...
-
News briefs
Next hikes its profit guidance again
Next said that in the 13 weeks to Oct. 26, corresponding to its third quarter, full-price sales were up by 7.6 percent year-on-year and 2.6 percentage points ahead of its guidance. “We believe the strong performance was driven by the early arrival of colder weather this year, versus an unusually ...
-
News briefs
Prada’s 9-month sales rise 18% in local currencies
In the first nine months of 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €3,829 million. At constant exchange rates, the top line grew by 18 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 15 percent at actual exchange ...
-
ArticleBoot Barn raises FY guidance as the CEO prepares to leave
Boot Barn said it was off to a “solid start” in its fiscal third quarter and raised its guidance for the full year in the wake of better-than-expected results for the second quarter ended Sept. 28. The strong showing came as Jim Conroy, the CEO and President, announced he was ...
-
News briefs
Yue Yuen sees full-year net profit up by 140-145%
Yue Yuen expects its attributable net profit to increase by 140 percent to 145 percent in the first nine months of 2024, compared to the $137.7 million posted a year earlier. In the first half of 2024, the world’s largest footwear manufacturer saw the profit attributable to company owners grow ...
