All Financial results articles – Page 21
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ArticleZalando near operating breakeven in Q1
Zalando was close to breakeven at operating level in the first quarter, but investors were spooked by news that demand remained “muted” and that orders came in below expectations, prompting a decline in the share price of the German online fashion retailer. Gross merchandise volume (GMV) rose by 2.8 percent ...
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BasicNet’s Q1 direct sales lifted by K-Way France acquisition
BasicNet’s Ebit was flat at €10.8 million in the first quarter while Ebitda improved by 5.5 percent to €14.8 million for the period that ended March 31. Consolidated revenues grew by 27.7 percent to €108.0 million, including 36 percent direct sales growth to €91.4 million, aided by the group’s April ...
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ArticleVulcabras posts strong Q1 results
Despite unstable macroeconomic conditions and a challenging retail environment, the Brazilian Vulcabras group reported record revenues and strong gross margin and Ebit growth in Q1, which ended March 31. Ebit rose by 45 percent to 93.2 million Brazilian reais (€16.7m) as the year-over-year gross margin grew by 430 basis points ...
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ArticleAuthentic Brands Group buys the rights to the Vince brand
Authentic Brands Group (ABG) is purchasing the intellectual property of the Vince brand from Vince Holding Corp. for $76.5 million and a 25 percent stake ABG Vince, the vehicle through which the acquisition is being made. A part of the deal, Vince Holding will enter into an exclusive, long-term license ...
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ArticleSkechers lifts full-year guidance after strong Q1, but braces for continued domestic wholesale headwinds
Skechers raised its guidance for earnings and revenues for the full year after reporting better-than-expected results in the first quarter, when its top line rose by a reported 10.0 percent compared to the year earlier to reach a new record for the period of $2,001.9 million, coming in above an ...
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Lanvin increases its FY contribution profit
The Chinese luxury goods Lanvin Group, which owns various brands including the Italian shoemaker Sergio Rossi, said that its contribution profit, which corresponds to the gross profit less selling and marketing expenses, rose to €13.2 million in 2022, an improvement of about €9 million from the €4.4 million posted in ...
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Kering’s Q1 sales rise slightly
In the first quarter of 2023, Kering’s revenues totalled €5,077 million, up by 2 percent as reported and by 1 percent on a comparable basis. Revenues in the directly operated store network, including e-commerce, rose by 4 percent on a comparable basis. The increase was driven by good momentum in ...
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ArticleCrocs raises FY revenue outlook, banking on markets outside U.S. to pace growth
Markets outside the U.S. are forecast to generate Crocs’ highest FY23 revenue growth rates and help the group deliver 11 to 14 percent reported sales expansion this fiscal year to a range of $3.95 to $4.05 billion. Crocs brand sales are projected to increase by 7 to 9 percent with ...
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ArticleInterim sales rise at Primark, but caution sounded on outlook
Primark reported a sharp rise in half-year sales, driven by higher prices and a return to physical stores after the Covid-19 pandemic, but remained cautious about its future performance amid the cost-of-living crisis and persistent inflation affecting European and U.S. clients. Associated British Foods (ABF), the parent company of the ...
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ArticlePhoenix International’s credit rating outlook is raised
The rating agency Infomerics Valuation and Rating Limited (IVR) has reaffirmed the long-term rating of “IVR BBB-“ for 124.00 crore rupee (€13.8m) of long-term bank loan facilities contracted by the Indian group Phoenix International. Infomerics also improved its credit outlook to “stable” from “negative” thanks to an improvement in lease ...
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ArticleFerragamo posts weak Q1 sales as its relaunch remains uncertain
As expected by financial analysts, Salvatore Ferragamo released weak sales figures for the first quarter of 2023, down by 4.0 percent to €278.0 million. At constant currency rates, the decline reached 6.5 percent year-over-year. The contribution Maximilian Davis, who became the creative director of the Italian fashion house on March ...
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ArticleFootway sees sales drop in Q1, but grows internationally
Several Swedish media outlets have reported on Footway Group’s first-quarter figures, which show that the Swedish e-commerce group’s sales fell 7.9 percent year-on-year to SEK 215.9 million (€19.08m). Operating profit (Ebitda) for the quarter was SEK -24.5 million (-€2.17m), an improvement from SEK -71.2 million a year earlier. According to ...
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ArticleStella’s Q1 sales drop as clients clear out inventories
In the first quarter of 2023, Stella International suffered a 25.8 percent drop in manufacturing revenues to $277.4 million from $374.6 million a year earlier as footwear shipments declined by 31.4 percent to 9.6 million pairs from 14.0 million as certain sport and casual customers pulled back on ordering to ...
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Zegna sees ‘encouraging recovery’ as China reopens
The Italian fashion house Ermenegildo Zegna has started 2023 with an “encouraging recovery led by the reopening in China following restrictions tied to Covid-19 and the robust growth in our business in the United States and Europe led by our retail, and for Zegna a healthy increase in productivity, which ...
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Piquadro’s Q4 sales up by 22%
Piquadro generated revenues of €48.8 million in its fourth quarter ended March 31, up by 22 percent compared to the year earlier. For the full year, revenues increased by 17.5 percent to €175.6 million. In the fourth quarter, the Piquadro brand reported revenues of €23 million, up by 19.9 percent ...
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3A expects sales of €105m in 2023
3A, an Italian distributor of international sportswear and fashion brands, posted revenues of €94 million, up by 27 percent in 2021. Despite an increase in costs, the Ebitda margin widened to 8 percent from 6 percent a year earlier. The company ended 2022 with a net profit of €4.8 million. ...
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THG's operating loss widens
THG’s operating loss widened to £495.6 million (€562m) in 2022 from £137.5 million the year earlier, as profits were hit by the non-cash impairment of £275.4 million (€312m), in addition to certain non-recurring costs which continue to decline. Adjusted Ebitda for the year amounted to £64.1 million (€73m), in line ...
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ArticleDr. Martens lowers profits guidance again as distribution center blunder costs rise
Dr. Martens lowered its profit guidance for the third time in five months after admitting that operational blunders at its Los Angeles distribution center (DC) have cost more than anticipated. The company issued its second profit warning in January after problems at the center created bottlenecks. The previous warning, in ...
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IMAC’s FY sales rise to €217m
IMAC, the Italian footwear company that owns the brands Igi&Co, Primigi, IMAC and Enval Soft, posted sales of €217 million in 2022, up by 10 percent from a year earlier. The group achieved 55 percent of its revenues in Italy. Sales by brand stood at €88 million for Primigi, €63 ...
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La Sportiva's sales up by 30% in 2022
La Sportiva’s sales increased by 30 percent year-over-year to €216 million in 2022. International sales accounted for 80 percent of the company’s revenues. Sales in both Europe and the U.S. grew by double-digit rates, driven by the rising interest in outdoor activities. Founded in 1928 by Narciso Delladio, is still ...
