All Financial results articles – Page 30

  • News briefs

    Pegasus International continues to seek tenants for idle capacity

    2022-09-05T08:51:00Z

    Pegasus International Holdings Ltd. reported a 36 percent increase in revenues from the manufacture and sales of footwear to $2,847,000 in the first half of 2022 from $2,095,000 a year earlier. Total first-half revenues increased by 51 percent to $5,261,000 from $3,479,000. In 2020, the company started to lease idle ...

  • Ecco-logo
    Article

    Ecco completes the renovation of its headquarters

    2022-09-05T08:48:00Z

    Ecco has completed the refurbishment of its headquarters located in Bredebro. The town, situated in southern Denmark, has been the company’s home since its foundation in 1963 by Birte and Karl Toosbuy. The site comprises various corporate functions including finance, supply chain, procurement, information technology, human resources and corporate responsibility. ...

  • genesco
    Article

    ​Genesco cuts guidance as Journeys disappoints, U.K. consumers face headwinds

    2022-09-05T08:45:00Z

    Genesco cut its sales and earnings guidance for fiscal year 2023 after the Journeys business failed to meet expectations in the second quarter and as it also adopts a more conservative outlook in the U.K., where management noted that consumers are increasingly facing economic headwinds. Genesco is now forecasting full-year ...

  • Designer_Brands_Logo
    Article

    Designer Brands raises its full-year guidance again

    2022-09-02T15:41:00Z

    Designer Brands released a new update in its full-year guidance after better-than-anticipated second-quarter results. The company raised its full-year diluted earnings per share guidance to a range of $2.05 to $2.15 from a previous forecast of $1.90 to $2.00, which had already been upgraded in April 2022 from $1.75 to ...

  • Shoe Zone logo
    News briefs

    Shoe Zone hikes its full-year guidance again

    2022-08-31T14:08:00Z

    Shoe Zone improved its full-year guidance again and now expects adjusted profit before tax for the financial year ending Oct. 2 to be ”not less” than £10.5 million (€12.2m).The forecast excludes the profit on the sale of freehold property and foreign exchange revaluations. The British footwear retailer previously forecast adjusted ...

  • Stella
    Article

    Stella posts strong H1, warns about forthcoming demand

    2022-08-29T08:42:00Z

    In the first half of 2022, Stella International increased revenues by 18.9 percent to US$827.2 million from $695.5 million a year earlier, driven by higher orders from its manufacturing business. However, the growth rate indicated a slowdown in the second quarter compared with the first quarter, when the top line ...

  • Shoe-Carnival-Logo
    Article

    ​Shoe Carnival Q2 hit by lack of athletic inventory

    2022-08-29T08:16:00Z

    Shoe Carnival’s net sales in the second quarter ended on July 30 fell by 6.0 percent year-over-year to $312.3 million. Nevertheless, it was the group’s second highest second-quarter sales ever and the top line was up by 16.4 percent compared with the second quarter of 2019, prior to the outbreak ...

  • Zegna
    News briefs

    Zegna improves FY guidance

    2022-08-28T09:20:00Z

    Ermenegildo Zegna posted a net profit of €21.02 million in the first half of 2022, down from €32.23 million a year earlier, while sales rose by 21 percent to €729 million. During the period, adjusted Ebit grew to €82.69 million from €66.81 million and the margin widened to 11.3 percent ...

  • News briefs

    Farfetch Q2 earnings decline but sales rise

    2022-08-26T15:04:00Z

    Farfetch, the British internet platform for luxury goods, realized an 18.7 percent decline in attributable profit to $70.5 million in the second quarter ended June 30 from $86.6 million a year earlier. Ebit was down by 29 percent to $60.4 million from $84.7 million as the operating loss widened by ...

  • Caleres
    Article

    Caleres raises sales outlook after record Q2

    2022-08-24T15:41:00Z

    Caleres maintained its guidance for earnings in the full year and raised and tightened its outlook for sales after a record second quarter for sales and earnings, projecting that it would maintain its momentum despite high inflation and uncertainties about consumer spending. Sales in the three months ended July 30 ...

  • News briefs

    Macy’s cuts FY guidance on deteriorating consumer spending

    2022-08-24T13:44:00Z

    In the second quarter ended July 30, the net sales of the American department store chain Macy’s slipped to $5.600 billion dollars from $5.647 billion a year earlier as comparable sales were down by 1.5 percent for owned stores and down by 1.6 percent for owned and licensed stores. Digital ...

  • grendene logo
    Article

    ​Grendene sees sales jump as Brazilian market recovers

    2022-08-22T10:40:00Z

    Grendene saw its revenues in the second quarter of 2022 jump by 46.5 percent to 641.4 million reais (€123.5m), as its domestic sales surged by 49.4 percent to R$498.6 million (€96.0m) after an 8.9 percent drop in the previous quarter and export revenues improved by 37.4 percent to R$142.8 million ...

  • Arezzo and Co
    Article

    Arezzo continues to post record sales

    2022-08-22T10:40:00Z

    After a record-breaking first quarter, Arezzo & Co posted its highest sales for a second quarter, with gross revenues reaching 1,165 million Brazilian reais (€224.5m), up by 65.1 percent from the previous year and by 138.0 percent compared with the second quarter of 2019. The Brazilian company achieved 24.8 percent ...

  • Stuart Weitzman
    Article

    Stuart Weitzman is profitable again despite a weak Q4

    2022-08-19T13:29:00Z

    Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, posted higher sales and returned to an operating profit in the full year ended on July 2 despite a weak fourth quarter. Revenues for the full year increased by 12 percent to $317.7 million, or by 11 percent on ...

  • News briefs

    TJX’s sales decline in Q2 and are expected to be weak in H2

    2022-08-17T16:02:00Z

    TJX rerported that in the second quarter ended July 30 net sales fell by 2 percent year-on-year to $11.8 billion as U.S. comparable store sales decreased by 5 percent. Net income for the second quarter was $809 million, and diluted earnings per share (EPS) were $0.69 versus $0.64 a year ...

  • vulcabras-logo
    News briefs

    Vulcabras’ sales, profits soar in Q2

    2022-08-17T15:25:00Z

    Vulcabras’ net income rose by 207 percent to 95.0 million Brazilian reais (€18.1m) from R$30.9 million for the period ended June 30. Operating earnings (Ebit) increased 73 percent to R$236.2 million (€45.1m). Ebitda was 30 percent higher at R$133.4 million (€25.5m) as the year-on-year gross margin percentage improved to 36.0 ...

  • alpargatas logo
    Article

    Alpargatas sees Havaianas’ revenues fall double-digit rates in U.S., China

    2022-08-17T15:21:00Z

    Alpargatas suffered double-digit rate declines in the sales of its rubber sandal brand in both the U.S. and China during the second quarter but realized an 11.8 percent increase in price per pair during the period. Havaianas’ sales declined 46.3 percent in China to 8.7 million Brazilian reais (€1.7m) due ...

  • ThredUp logo1
    News briefs

    ThredUP loses $28 million in Q2, to axe 15% of headcount

    2022-08-17T15:08:00Z

    ThredUP, a Californian company operating in the apparel resale market that also provides a platform for third-party brands, announced its financial results for the second quarter ended June 30. Revenues increased by 27 percent to $76.4 million, while active buyers increased by 29 percent to 1.7 million. The gross margin ...

  • Article

    Yue Yuen H1 profits dragged down by Pou Sheng

    2022-08-12T12:04:00Z

    Yue Yuen reported a 2.8 percent increase in first-half net income of $175.0 million versus $170.3 million for the six months ended June 30. Six-month revenues fell by 2.0 percent to $4,709,792,000 from $4,807,087,000, however, manufacturing segment sales were up by 14.4 percent to $3.19 billion. Ebit declined 17.7 percent ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine lowers FY forecast

    2022-08-12T12:02:00Z

    Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...