All Financial results articles – Page 29

  • News briefs

    Stella’s sales slow down

    2022-10-24T08:09:00Z

    In the third quarter of 2022, Stella International increased overall revenues by 4.8 percent year-over-year to $460.5 million, with manufacturing revenues rising to $453.6 million from $431.6 million. In the first nine months of the year, revenues increased by 13.5 percent to $1,288 million, with manufacturing sales increasing to $1,261 ...

  • News briefs

    Kering’s Q3 sales up 23%

    2022-10-24T07:48:00Z

    In the third quarter of 2022, Kering’s revenues rose by 23 percent to €5,137 million. On a comparable basis, the top line was up by 14 percent. Sales at the group’s key Gucci brand totaled €2,581 million, up by 18 percent as reported and by 9 percent on a comparable ...

  • News briefs

    Nordic countries weigh on Footway’s results

    2022-10-23T12:57:00Z

    Habit.se reports that Swedish e-commerce company Footway Group posted an operating loss of SEK 13.5 million (€1.2m) in the third quarter, compared with SEK 0.8 million (€72,700) in the corresponding period last year. Overall, the company posted sales of SEK 261.6 million (€23.8m) in the third quarter – SEK 76.3 ...

  • Hermes
    News briefs

    Hermès 9-month sales up by 30.0%

    2022-10-21T10:50:00Z

    In the first nine months of the year, Hermès’ sales stood at €8,611 million, up by 30.0 percent on reported basis and 24.0 percent at comparable exchange rates. Sales for the sole leather goods and saddlery business were up by a reported 19.1 percent and by 12.5 percent at ...

  • Asos logo
    Article

    Asos to write off stock as new CEO launches reorganization

    2022-10-20T13:27:00Z

    Asos is writing off up to £130 million (€150m) of stock and starting a price slashing program to reduce inventory as it embarks on a reorganization of the business under the leadership of its new chief executive, José Antonio Ramos Calamonte. The company had built up inventory to cope with ...

  • News briefs

    Piquadro sales up by 25% in H1

    2022-10-17T06:45:00Z

    In the first half ended Sept. 30, the Italian leather goods firm Piquadro posted sales of €80.2 million, up by 25 percent from a year earlier. Sales rose by 23.4 percent to €37.2 million in Italy and were up by 30.9 percent to €40.9 million in the rest of Europe. ...

  • News briefs

    ​Manolo Blahnik revenues up 65% in 2021

    2022-10-16T13:19:00Z

    Manolo Blahnik posted revenues of €69.9 million in 2021, up by 65 percent year-over-year thanks to a triple-digit growth rate in digital sales. On a comparable basis, the top line rose by 47 percent. Ebitda improved to €8.8 million from €0.5 million. The company returned to a profit, with pretax ...

  • Spartoo
    Article

    Spartoo H1 GMV falls 1.6% as demand slows

    2022-10-05T15:30:00Z

    Spartoo saw its gross merchandise volume (GMV) in the first half ended June 30 decrease by 1.6 percent compared to the year earlier to €104.3 million, as consumer demand slowed in the face of accelerating inflation and uncertainty tied to the war in Ukraine. GMV from B2C services was the ...

  • Article

    VF Corp. maps out growth strategy, trims FY23 outlook

    2022-09-30T07:16:00Z

    VF Corp., which counts a dozen brands in its portfolio, is targeting a five-year compounded annual revenue growth rate in the mid-to high single digits, earnings per share expansion of high single to low double digits and an operating margin of approximately 15 percent by FY27. The U.S. parent of ...

  • boohoo logo 2
    Article

    Boohoo issues profit warning as H1 sales slump, product returns increase

    2022-09-29T15:12:00Z

    Boohoo has issued a profit and sales warning after a 10 percent fall in first-half revenues driven by the cost-of-living crisis. The fast-fashion online retailer, whose brands include Pretty Little Thing and Nasty Gal, said revenues fell to £882million (€986.7m) in the six months to Aug. 31 and forecast annual ...

  • Pittards logo
    Article

    ​Pittards sees ‘strong’ order book after H1 sales rise 7%

    2022-09-27T14:06:00Z

    Pittards, the British leather and leather goods company, posted revenues in the first half ended June 30 of £10.4 million (€11.7m), up by 7 percent on the year earlier, as its sales order book remained “strong” across market sectors. The gross margin in the six-month period widened to 30 percent ...

  • hotter_bgweb
    Article

    Hotter Shoes lifts sales but notes pressure on consumer spending

    2022-09-22T09:18:00Z

    Hotter Shoes’ owner, Unbound Group, reported higher half-year sales and margins driven by strong demand, despite the tougher economic outlook. Unbound, formerly known as Electra Private Equity, said revenues rose to £27.6 million (€31.60m) from £25.0 million, driven by its multi-channel sales model. It posted a pre-tax loss of £2.14 ...

  • Nice Footwear logo
    Article

    Nice Footwear’s sales and profits rise sharply

    2022-09-20T07:32:00Z

    Nice Footwear posted strong top line and bottom line growth in the full year ended on April 30, 2022, despite a rise in costs. Revenues grew by 51 percent to €32.8 million, with €17.1 million of sales achieved in Italy and €15.7 million abroad. The top line of Italian footwear ...

  • News briefs

    H&M’s Q3 sales decline in local currencies

    2022-09-17T10:22:00Z

    In the third quarter ended Aug. 31, H&M generated net sales of SEK 57.450 billion (€5.38bn), up by a reported 3 percent, but down by 4 percent in local currencies. “The third quarter got off to a weak start, in common with the industry in many of the group’s major ...

  • Zara-Symbol
    Article

    Inditex books strong H1 sales

    2022-09-15T08:33:00Z

    Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho, posted sales of €14.8 billion in the first half ended July 31, up by 24.5 percent from a year ago and 25 percent higher at constant currencies despite the current inflationary environment and closure ...

  • Stuart Weitzman
    Article

    Stuart Weitzman expects to outperform the market

    2022-09-12T08:51:00Z

    Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, expects to overperform the market in the coming years. It forecasts to increase revenues from $317.7 million in the full year ended on July 2 to $450 million in fiscal 2025, representing a compound average growth rate (CAGR) ...

  • Asos logo
    Article

    Asos cuts FY guidance on weak August sales

    2022-09-09T16:34:00Z

    Asos has cut its guidance for the full year ended on Aug. 31 as sales slowed down in August. However, it noted that sales, adjusted pre-tax profit and net debt are anticipated to be within the range of financial analysts’ expectations. According to a consensus compiled by the British fashion ...

  • tods 3
    Article

    Tod’s’ sales return to pre-Covid levels

    2022-09-09T09:32:00Z

    With a 17 percent increase in first-half sales to €467.5 million, Tod’s is back to pre-pandemic levels and beat market expectations by nearly €4 million. At constant currency rates, the top line grew by 14.3 percent. The Italian fashion group grew by double-digit rates in all markets, except in ...

  • primark logo
    Article

    ​Primark’s earnings are being squeezed by inflation

    2022-09-09T09:32:00Z

    In the 2022/2023 fiscal year, Primark’s operating margin will be squeezed by rising inflation which is pushing up its costs and eroding the disposable income of it clients, said Associated British Foods (ABF), the parent company of the clothing retailer. The profit warning was released with the group’s preliminary results ...

  • Salvatore Ferragamo
    Article

    Ferragamo beats expectations despite slowdown in China

    2022-09-08T14:48:00Z

    Salvatore Ferragamo beat expectations in the first half of 2022 with a 17 percent surge in revenues, at constant exchange rates, to €630.3 million, versus analysts’ estimates of €621 million, according to a consensus compiled by Reuters. The operating profit totaled €95.4 million in the six months ended June 30, ...