All Financial results articles – Page 22
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News briefs
Hermès sales up by 22% in Q1
Hermes’ first-quarter revenue reached €3,380 million, up by a reported 22 percent and by 23 percent at constant currency rates, with growth in all geographical areas and across all the business lines. The leather goods and saddlery division booked sales of €1,409 million, up by a reported 18 percent and ...
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LVMH Q1 sales up by 18%
LVMH saw organic and reported sales of its fashion and leather goods division rise by 18 percent year-over-year in the first quarter to €10.728 billion. Sales for the whole French luxury-goods conglomerate were up by 17 percent to €21.035 billion. Europe and Japan, which enjoyed strong growth momentum, benefited from ...
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ArticleGolden Goose boosts FY sales above €500m
In 2022, Golden Goose increased its sales by 30 percent to €501 million, driven by a 55 percent rise in revenues in the Americas to €230.4 million. In Europe, Middle East and Africa sales grew by 33 percent to €193.1 million, but the top line was down by 4 percent ...
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Zegna posts a full-year profit
The Italian fashion group Ermenegildo Zegna posted a net profit of €65.3 million in 2022 compared with a loss of €127.7 million in 2021 as revenues rose by 15.5 percent to €1,493 million. Last year’s loss was caused by costs incurred to merge with Investindustrial Acquisition Corp, a special purpose ...
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ArticleDeichmann to invest €500 mln in 2023
Deichmann plans to invest around €500 million this year, half of which is earmarked for Germany. Investments will focus on the modernization and expansion of the store network, as well as in international growth, digitalization and logistics. The German footwear retailer plans to open 200 new stores worldwide. At the ...
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ArticleH&M posts an operating profit in Q1
In the first quarter that ended Feb. 28, H&M unexpectedly posted an operating profit of SEK 750 million (€66.4m), up from a profit of SEK 458 million a year earlier. Financial analysts were expecting a loss of more than SEK 1.0 billion (€88.5m). The operating margin widened to 1.3 percent ...
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ArticleNext cautious on outlook but sees inflationary pressures easing
Next reported a better-than-expected annual profit but warned that it still expects sales and earnings to fall in a “very challenging” current fiscal year. Inflationary pressures were forecast to ease as freight costs drop and the cost of goods improve, but higher wages and energy costs are still expected to ...
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ArticleStella expects a decline in sales volumes in 2023
Stella International anticipates sales volumes to decline in 2023, especially in the first half of the year, driven by a decrease in orders for sports shoes. The drop is expected to be partially offset by additional customers in the luxury and the fashion categories. The Hong-Kong based footwear manufacturer and ...
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News briefs
Rexor sales swing back to near pre-pandemic levels
Rexor, the 70-year old German buying group controlled by ANWR, reported a 22 percent increase in central settlement sales to €216.9 million in 2022, up from €177.1 in 2021 and nearly returning to pre-pandemic levels. In Germany, the group’s sales last year increased by more than 10 percent from 2019, ...
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ArticleTempe’s FY sales rise nearly 8%
In fiscal 2022, Tempe increased its revenues by 7.9 percent to €1,408 million from €1,305 million a year and returned to pre-pandemic levels. In fiscal 2019, the last year before the onset of the Covid-19 pandemic in Spain, the company’s top line reached €1,399 million. Tempe is part of the ...
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ArticleShoe Carnival sees sales steadying after 7% decline in Q4
Shoe Carnival anticipates sales will be flat to up by 4.5 percent in its 2023 financial year after declining in the fourth quarter of fiscal 2022 and getting off to a “slow start” in the first quarter set to end in April amid economic uncertainty and cooler weather. In the ...
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ArticleSpartoo’s GMV drops slightly in 2022
In 2022, Spartoo saw its gross merchandise value (GMV) decrease by 1.9 percent compared to the year earlier to €209.6 million due to high inflation and a “slowdown in demand affecting all e-commerce players,” according to the French online retailer. GMV from B2C services slipped to €189.9 million from €192.8 ...
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News briefs
Xtep sales rise to record high
The publicly traded Chinese company Xtep International Holdings, whose business model consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, generated a 29.1 percent increase in 2022 ...
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Aeffe swings to a full-year loss
Aeffe, the Italian fashion house that owns the footwear brand Pollini, posted a net loss of €9 million in 2022 compared with a net profit of €12 million in 2021, which included non-recurring tax benefits of €9.5 million. The group’s revenues totaled €352 million, up by 8.4 percent on a ...
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ArticleDesigner Brands anticipates sales, earnings decline amid economic uncertainty
Designer Brands expects sales in the financial year ending January 2024 to decline by a mid-single digit percentage, while earnings are also expected to fall as consumers remain cautious on purchases amid fears of a recession. “With the continued uncertainty in the macroeconomic environment and evolving patterns of consumer discretionary ...
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ArticleBrand portfolio drives Caleres higher in Q4
Caleres reported fourth-quarter results that exceeded expectations, bolstered by strong sales, profit and margin gains by its Brand Portfolio and solid results from its Famous Footwear segment that has begun sharpening its focus to reach more Millennial consumers. Operating income within the brand portfolio rose by 78 percent to $19.3 ...
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News briefsInditex posts record sales
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted record sales of €32.6 billion in the full year ended Jan. 31, up by a reported 17.5 percent and by 18 percent at constant currency rates. Constant currency growth was driven by rises ...
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H&M Q1 sales up by 12%
H&M released preliminary results for the first quarter ended Feb. 28 that showed that net sales increased by 12 percent to SEK 54.872 billion (€4.91bn). The top line was 3 percent higher in local currencies. Excluding Russia, Belarus and Ukraine the increase was 16 percent on a reported basis and ...
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ArticleTod’s returns to the black, sees sales rising 7% in 2023
Tod’s reported a net profit of €23.1 million in 2022 compared to a bottom line loss of €5.9 million the year earlier but nonetheless decided to skip a dividend payment for the fourth year running. Emilio Macellari, the chief financial officer, indicated in a conference call with analysts that a ...
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News briefs
BasicNet FY Ebitda rises by 38%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, reported a net profit of €11.2 million in 2022 against earnings of €65.7 million a year earlier, which was bloated by a €60.9 million contribution from K-Way. Annual Ebitda rose by 38 percent to €60.9 ...
