All Financial results articles – Page 33
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ArticleJimmy Choo posts record sales
In the fourth quarter ended ended April 2, Jimmy Choo posted revenues of $156 million, up by 25.8 percent year-over-year on a reported basis and by 29.1 percent at constant currency rates. For the full year, sales reached a record $613 million, up from $418 million a year earlier, as ...
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ArticleDr. Martens lifts revenue guidance due to price hikes
Dr. Martens raised its sales guidance on the back of price increases that will take effect with the forthcoming autumn-winter collection, while its expectations regarding volume growth remain unchanged. The revised outlook comes after the iconic British brand sold a record number of boots and shoes in the full year ...
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ArticleGenesco expects promotional activity to rise as inventory levels normalize
Genesco’s gross margins have been supported by full-price sales, but the company believes that markdowns are likely to rise as inventories return to more normal levels and consumers become choosier in the face of high inflation and slowing economic growth. Due mainly to increased markdown activity, but also as a ...
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ArticleAlibaba does not provide guidance due to Covid uncertainty
The Chinese e-commerce group Alibaba did not provide a guidance for the full year ending in March 2023 due the uncertainty generated by the re-emergence of the Covid-19 pandemic in China which has been affecting its domestic business. “Since mid-March 2022, our domestic businesses have been significantly affected by the ...
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ArticleCaleres hikes sales, earnings outlook after record Q1
Caleres raised its guidance for revenues and profits for the full year after posting its best-ever first quarter for sales, gross margin and earnings. Sales in the three months ended April 30 grew by 15.1 percent to $735.1 million, comfortably above an analyst consensus for a top line of about ...
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News briefs
Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
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News briefsLowa’s 2021 revenues over €229m
The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with record figures for both the number of pairs of shoes sold and revenues, thanks to the ongoing boom for outdoor equipment. Sales climbed from 2.49 million pairs in 2020 to 3.17 million pairs in 2021. Meanwhile, revenues ...
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ArticleDeckers’ FY revenues top $3 bn for first time, Hoka set to surpass $1 bn
Net income rose by 106 percent to $68,819,000 from $33,458,000 for the three months ended March 31 as total revenues grew by 31 percent to $736.0 million from $561.2 million. Operating income rose to 11.0 percent from 10.1 percent. Deckers Brands’ gross margin declined to 48.7 percent from 53.2 percent, ...
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ArticleArezzo & Co posts best Q1 sales ever
Arezzo & Co posted record sales for a first quarter, with gross revenues reaching 1,042 billion Brazilian reais (€200.7m), up by 64 percent from the previous year and by 125 percent compared with the first quarter of 2019. The Brazilian company achieved 28 percent of its gross revenues with franchisees, ...
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ArticleShoe Carnival returns to a normal product sales split
Shoe Carnival saw a return to retail normality in the fiscal first quarter, as the sales split moved back to the pre-pandemic division of 50 percent athletic and 50 percent non-athletic footwear. As expected, sales and earnings dipped in the three months ended April 30, as the U.S. retail chain’s ...
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ArticleShoe Zone resumes dividend distribution after paying back Covid loan
Shoe Zone reinstated dividend payments after having fully paid off the outstanding balance of 4.4 million pounds (€5.2m) of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The scheme was launched to during the Covid-19 pandemic to help medium and large sized businesses access loans and other kinds of finance ...
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News briefs
Zegna targets annual revenues above €2 bn
The Italian fashion house Ermenegildo Zegna is aiming for annual revenues of over €2 billion and an adjusted Ebit margin of at least 15 percent in the medium-term. In 2021, the company posted revenues of €1.292 billion and an adjusted Ebit margin of 11.5 percent. In the first quarter of ...
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ArticleStuart Weitzman sales continue to recover
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, posted in the third quarter ended April 2 sales of $63.9 million, up by 11 percent on a reported basis and 10 percent at constant currency rates. Digital sales represented 20 percent of quarterly revenues. The group pointed out ...
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ArticleGeox confirms sales outlook despite Ukraine conflict
Geox confirmed a full-year target for sales of over €700 million after posting strong and accelerating growth in the year to date, although it warned the target could be challenging should there not be a rapid resolution to the conflict in Ukraine and highlighted persistent pressures on margins due to ...
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News briefs
Golden Goose’s annual sales reach €386m
The Italian footwear and apparel company Golden Goose, known for its premium sneakers, posted sales of €385.6 million in 2021, up by 45 percent from a year earlier and by 328 percent from 2019. Revenues in the Americas rose by 75 percent compared with 2020 and by 111 percent from ...
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News briefs
Eli Group 2021 revenues reach €70.5m
Eli Group, the company that manages the footwear of the Italian apparel brand Liu Jo, posted sales of €70.5 million in 2021, up from €45 million in 2020. Sixty percent of the top line was achieved outside Italy. The company beat the €50 million target set in its business plan. ...
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News briefsPollini’s Q1 sales rise 43.5%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, booked revenues of €101.6 million in the first quarter of 2022, up by 26.8 percent on the year earlier on a reported basis and up by 26.5 percent at constant currency rates. Pollini’s sales grew by 43.5 percent and ...
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ArticleYue Yuen's profit dips on retail drag
Yue Yuen Industrial reported a 10.8 percent drop in first-quarter net profit to $97.1 million compared to $108.4 million in the year-ago period ended March 31, as growing manufacturing capacity was overshadowed by weak sales at its Pou Sheng Intl. retail subsidiary due to the resurgence of Covid-19 in mainland ...
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News briefsJD Sports lifts annual guidance despite footwear shortages
Britain’s JD Sports Fashion raised its annual profit outlook, despite a global shortage of key footwear styles and indicated upbeat sales so far this year. The company said it now expected profit before tax and exceptional items for the year to January 29 to be about £940 million (€1.1bn) and ...
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ArticleHotter Shoes posts double-digit rise in Q1 sales but warns of ‘challenging’ year
The British retailer Hotter Shoes reported a double-digit increase in first-quarter sales and maintained its annual guidance, but warned of challenging conditions for the rest of the fiscal year. Owned by Unbound Group, Hotter Shoes also reported an improvement in gross margin despite the macroeconomic backdrop of rising inflation, supply ...
