All Financial results articles – Page 26
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ArticleDr. Martens stumbles again due to supply bottlenecks in the U.S.
Dr. Martens issued its second profit warning in three months after the iconic British brand was hit by a bottleneck at its new Los Angeles distribution center and weak trading in the U.S. direct-to-consumer (DTC) segment. The company estimates lost wholesale revenues and incurred costs will cut full-year Ebitda by ...
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THG’s FY sales rise 3.3%
THG said that in 2022 revenues rose by a reported 3.3 percent to £2.253 billion (€2.544bn). Excluding Russia, the top line grew by 4.1 percent. The British online company said that it normalized inventory levels through the second half of 2022, with an about £75 million (€84.7m) reduction in group ...
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Caleres confirms FY outlook
Caleres confirmed its financial outlook for consolidated sales, adjusted earnings per share and inventory position for fiscal year 2022. The U.S. footwear company expects full-year sales up by between 4 percent and 6 percent year-over-year, adjusted earnings per share to come in between $4.30 and $4.40 and inventory to ...
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ArticleWolverine Worldwide’s profitability will be impacted by inventory reductions
Wolverine Worldwide reduced its fourth quarter inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s full year and fourth quarter adjusted diluted earnings. Wolverine warned that final earning results, when reported next month, will be at ...
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ArticleAsos insists turnaround plans on track despite sales fall
Asos insisted its turnaround remained on track, despite a slide in sales over the Christmas trading period and plans to cut more than £300 million (€338.5m) in costs this year to boost profitability. The British fast-fashion online retailer said that group revenues fell by 6 percent year-on-year in the four ...
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ArticleGenesco lowers FY earnings guidance
Genesco trimmed its full-year earnings forecast in the wake of its sale performance in the first eight weeks of its fiscal fourth quarter. In the eight weeks ended Dec. 24, Genesco’s comparable sales, including both stores and direct sales, increased by 3 percent year-over-year. Same store sales decreased by 2 ...
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ArticleShoe Zone’s results rise as stores reopen in 2022
Shoe Zone reported a jump in annual sales and profits as its entire estate of stores reopened after the Covid-19 pandemic and trade surged in the second half during its key back-to-school period. Revenues in the 52 weeks to Oct. 1 came in at £156.2 million (€176m), up from £119.1 ...
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JD Sports’ H2 retail sales up by over 10%
Revenue growth for JD Sports Fashion’s organic retail businesses in the 22 weeks to Dec. 31 was more than 10 percent, compared with growth of 5 percent for the first half of the British company’s fiscal year. “The performance in these businesses through the Christmas period, both in stores and ...
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Crocs sees 2023 revenues up 10-13%
Crocs expects record 2022 revenues of some $3.55 billion, up by 53 percent growth compared to 2021 and beating its latest guidance of a 49 to 52 percent rise. In the fourth quarter, revenues are estimated to be up by about 60 percent year-on-year. The company expects 2022 adjusted operating ...
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Piquadro’s 9-month sales rise by 15.9%
In the nine months ended Dec. 31, Piquadro generated revenues of €126.8 million, up by 15.9 percent on the same period of 2021. By brand, revenues increased by 18.3 percent to €53.2 million for Piquadro, while The Bridge saw sales rise by 23.9 percent to €23.1 million and Lancel grew ...
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ArticleNext lifts guidance as Christmas sales are more resilient than expected
Next lifted its full-year profit guidance as it reported better-than-expected sales over the Christmas period, but struck a cautious note on the outlook for the year ahead. Full-price sales rose by 4.8 percent year-over-year in the nine weeks to Dec. 30, £66 million (€74.5m) ahead of the company’s previous guidance ...
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H&M FY sales up 10%
H&M said that in the fourth quarter, that ran from Sept. 1 to Nov. 30, net sales reached SEK 62.451 billion (€6.045bn), up by 10 percent from a year ago. In local currencies, they were unchanged. Excluding Russia, Belarus and Ukraine, the increase was 11 percent on a reported basis ...
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Inditex's 9-mth sales up 19%
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, said that in the nine months ended Oct. 31 its sales reached €23.1 billion, up by a reported 19 percent from a year ago and up by 20 percent at constant currencies. Store and ...
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Farfetch sees 2025 GMV at $10.5bn
Farfetch expects its gross merchandise value (GMV) to rise to $10.50 billion from an estimated $4.05 billion in 2022 and a forecast $4.90 billion in 2023. The U.K. based fashion online retailer anticipates adjusted Ebitda margin to rise to 10 percent in 2025 from a negative 3-5 percent this year ...
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Article
VF's CEO steps down
VF Corp. announced that Benno Dorer, lead independent director of the VF board of directors, has been appointed interim president and chief executive officer, effective immediately. Richard Carucci, who has served on the board since 2009, will serve as interim chairman of the board. Dorer’s appointment follows Steve Rendle’s decision ...
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ArticleGenesco cuts earnings guidance after ‘sluggish’ start to November sales
Genesco cut its guidance for earnings and tightened expectations for revenues in the full year ending in February 2023, as it took a more conservative approach after beginning the fourth quarter in November with a “sluggish” sales performance and stepping up promotional activity to attract bargain-conscious consumers. Genesco now forecasts ...
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Directa Plus sees FY sales at least €10m
Directa Plus, an Italian producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, expects to finish 2022 with sales of at least €10 million, up by 16 percent from the €8.6 million booked in 2021. The company said that it will enter 2023 with ...
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ArticleDesigner Brands focuses on own brands, clearance
Designer Brands, which has dialed back its full-year earnings per share guidance, is eyeing its own footwear brands and clearance business as key growth vehicles going forward. The parent of the DSW Warehouse banner told financial analysts that shoe consumers today have become more focused on value and that it ...
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ArticleCaleres maintains sales outlook as Brand Portfolio outperforms
Caleres maintained its outlook for full-year sales growth of four to six percent while tightening earnings per share expectations to the top end of its guidance range, as management confirmed the company is on track for another record year for earnings despite a challenging economic backdrop. Caleres now sees adjusted ...
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ArticleCCC targets cost savings, cuts revenue forecast in a difficult market
CCC Group, the Polish footwear and fashion group, cut its full-year outlook for revenues and capital expenditures and announced it would put into place cost savings measures totaling 300 million zloty (€64.0 million) as it continues to navigate through what it described as an “extremely challenging” year for retailers. Due ...
