All Financial results articles – Page 28
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ArticleHavaianas’ growth in EMEA slows for Alpargatas
Alpargatas generated a 5.4 percent (+21 percent currency neutral) sales growth to 132.0 million Brazilian reais (€32.5m) for its rubber sandal brand in the EMEA during the third quarter. Revenues per pair increased by 4 percent in constant currency. Overall, Havaianas’ sales fell in all other geographic regions, although they ...
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ArticleCrocs raises guidance after another strong quarter
Strong third-quarter results at Crocs were negatively impacted on the gross margin line by inflationary expenses and higher freight and inventory handling costs, but 45 percent of the expenses are seen as transitory. Gross margin came in at 54.9 percent against 63.9 percent in the year-ago period ended Sept. 30. ...
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ArticleRocky Brands lowers FY revenue outlook
Despite reporting steady or strong sales from its portfolio of footwear brands during the third quarter, Rocky Brands has lowered its full-year revenue outlook due to a difficult, year-over-year sales comparison in the fourth quarter. Through nine months, the parent of the Durango and Georgia brands, among others, had a ...
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ArticleWeyco expects sales dip after record Q3
Weyco Group generated record sales in the third quarter of 2022, with revenues jumping by 56 percent compared to the year earlier to $97.0 million. Growth was led by its North America wholesale business and underpinned by strong consumer demand, higher selling prices and the “abnormally low” revenues seen in ...
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News briefs
eBay’s sales continue to decline
eBay has posted another revenue decline in the third quarter, which was marked by inflation and economic worries. In the quarter ended Sept. 30, revenues fell by 5 percent year-on-year to $2.4 billion. Adjusted income fell by 7 percent to $552 million. eBay has been struggling since the pandemic online ...
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News briefsNext maintains FY guidance as Q3 comes in ahead of expectations
Next maintained its full-year guidance as it posted a rise in third-quarter sales, despite soaring inflation hitting consumer spending. Full-price sales were up by 0.4 percent year-on-year in the 13 weeks to Oct. 29, slightly ahead of the expectations of the British fashion retailer. Online sales fell by 1.9 percent ...
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ArticleZalando resumes growth in Q3
In the third quarter of 2022, Zalando’s net loss widened to €35.4 million from €8.4 million a year as capital expenditure grew to €77.0 million from €57.7 million. However, the German online fashion retailer resumed sales growth after a weak first half. In the third quarter, the gross merchandise volume ...
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News briefs
Revenues of major fashion groups up 18%
Global revenues for the major players in the fashion sector rose by 18 percent in the first nine months of 2022, with a 15 percent rise at constant currency rates, according to a report from the research arm of the Italian investment bank Mediobanca. The report analyzed the results of ...
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ArticleCCC to raise funds, restructure debt
CCC Group announced plans to extend the duration of financing set to mature in the first half of 2023 and has called an extraordinary general meeting of shareholders on Nov. 17 to discuss equity financing of up to 500 million zloty (€106.3m) as it looks to raise fresh cash to ...
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ArticleVulcabras’ operating margin narrows in Q3
Vulcabras’ recurring net income rose by 36 percent to 99.9 million Brazilian reais (€19.6m) in the third quarter of 2022 from R$73.6 million a year earlier. Ebitda declined by 4.8 percent to R$132.2 million (€25.9m) from R$138.9 million and the Ebitda margin narrowed by 6.0 percentage points to 19.9 percent. ...
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News briefs
Amazon provides weak guidance for holiday season
Amazon has announced a net sales increase of 15 percent to $127.1 billion in the third quarter ended Sept. 30. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates during the quarter, net sales increased 19 percent versus third quarter 2021. Sales at the Amazon Web ...
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News briefs
Shopify sales rise 22% in Q3
In the third quarter, the e-commerce platform Shopify, headquartered in Ottawa, Canada, posted a 22 percent year-over-year revenue increase to U.S. $1.4 billion. “Our merchant solutions revenue as a percentage of GMV climbed to 2.14 percent, the highest level in Shopify’s history,” commented Harley Finkelstein, Shopify’s president. Despite the revenue ...
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ArticleDeckers sees big potential for Hoka brand
Deckers Brands believes its Hoka brand, already wildly successful, has plenty of upsides ahead as a head-to-toe brand serving running, trail and hiking consumers worldwide like rivals Salomon and VF Corp.’s North Face, and less like running-centric Brooks. “We are re-looking at our category approach,” proclaimed Dave Powers, president ...
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News briefs
BasicNet posts strong 9-month results
BasicNet, the Italian parent of various brands including Kappa, K-Way, Sebago, Superga and Sabelt, generated a 31 percent increase in Ebitda to €44.1 million from €33.6 million for the nine months ended Sep. 30. Ebit increased 37 percent to €33.3 million over the period. A 30 percent improvement in consolidated ...
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Article
VF braces for weaker consumer environment, lowers FY outlook
VF Corp is maintaining its full-year revenue growth guidance of 5-6 percent, citing its balanced portfolio and a building recovery in China as two examples, but has lowered expectations on some key financial metrics due to currency headwinds, higher inventory levels and a more promotional environment. The North Face parent ...
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ArticleBoot Barn lowers its full-year guidance
Boot Barn topped expectations in the second fiscal quarter but slightly reduced its full-year guidance due to market uncertainty. In the three months ended Sept. 24, the California-based shoe retailer posted sales of $351.5 million, up by 12.4 percent compared to the previous year, better than the company’s expectations of ...
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ArticleZegna Q3 sales up 27.5%
The Italian fashion house Ermenegildo Zegna, owner of the Zegna and Thom Browne brands, generated revenues of €357 million in the third quarter of 2022, up by 27.5 percent compared to the year earlier. Revenues for the first nine months of the year reached €1.09 billion, 22.9 percent higher than ...
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ArticleSkechers cuts Q4 outlook as Q3 net dips
Skechers, impacted by $50 million in incremental freight and logistics costs and elevated operating expenses, reported a 17 percent decline in third-quarter profit to $85.9 million from $103.1 million for the period ended Sept. 30. Operating expenses were nearly 20 percent higher at $754.0 million, and gross margin was down ...
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ArticleShoe Zone lifts earnings guidance as revenues surge
Shoe Zone lifted its earnings guidance after full-year revenues surged by a third as stores were fully open during the business year after the easing of Covid-19 related lockdowns. The British footwear retailer now expects adjusted pre-tax profits for the year ended on Oct. 1 to be at least £11 ...
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News briefs
THG’s sales rose 2.1% in Q3
THG, also known as the The Hut Group, posted a 2.1 percent increase in revenues to £518.6 million (€597m) in the third quarter of 2022 and an 8.8 percent rise to £1,595 million (€1,838m) in the first nine months of the year. The British online retailer said revenue growth was ...
