All Financial results articles – Page 34

  • tods-logo again
    Article

    Tod’s is confident about 2022 after posting positive Q1 results

    2022-05-13T06:00:00Z

    In the first quarter of 2022, Tod’s reported sales of €229.6 million, up by 23 percent year-over-year. At constant exchange rates, top line growth was 20 percent growth. The revenues of the Italian luxury goods manufacturer beat market expectations of €212 million and were above pre-pandemic levels. Among the group’s ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine Worldwide hires Boston Consulting for strategic review

    2022-05-12T12:21:00Z

    Wolverine Worldwide is maintaining its full-year outlook that calls for total FY22 revenues of $2.775 to $2.850 billion. This represents a 15 to 18 percent year-over-year increase with the DTC segment representing approximately 30 percent of global revenues and the international segment another 35 percent. Wolverine’s top three brands, Saucony, ...

  • Salvatore Ferragamo
    Article

    Ferragamo to double revenues by 2026

    2022-05-11T14:02:00Z

    Salvatore Ferragamo is targeting €2.3 billion in revenues by 2026, doubling sales thanks to a three-year investment plan of €400 million, as well as “significantly” boost its operating profit. The Italian leather goods maker is also trying to reduce its dependence on the Chinese market, where it achieved 30 percent ...

  • Boot Barn
    Article

    ​Boot Barn targets $1.740 bn in sales in 2023 after a record 2022

    2022-05-11T14:02:00Z

    Boot Barn is forecasting $1.740 billion in sales for 2023, after a 66.6 percent growth to $1.488 billion in fiscal 2022. In the full year ended March 26, the California-based shoe retailer posted a better than expected growth in net sales that lead to a $575.1 million gross profit, 38.6 ...

  • AllBirds-Logo
    Article

    Allbirds adopts more cautious FY22 outlook

    2022-05-11T10:42:00Z

    Allbirds, citing logistics, currency effects, and lower international sales as significant year-over-year headwinds, is taking a more cautious view of FY22. The six-year-old company is forecasting annual sales of $335 to $345 million, 18 percent gross profit improvement to a range of $170 to $177.5 million and adjusted Ebitda of ...

  • crocs
    Article

    Crocs hikes guidance as Heydude outperforms

    2022-05-09T09:06:00Z

    Crocs increased its full-year guidance after the recently acquired Heydude brand beat expectations in the first quarter of 2022. “Underlying momentum is exceptional for Heydude,” said Andrew Rees, Crocs’ chief executive officer in a conference call with financial analysts. The acquisition of the brand was completed on Feb. 17, and ...

  • alpargatas logo
    Article

    EMEA paces Havaianas’ growth for Alpargatas

    2022-05-07T18:32:00Z

    Alpargatas realized 17 percent currency-neutral growth for its rubber sandal brand outside of Brazil in the first quarter to 342 million Brazilian reais (€58.2m) as total pairs sold increased 11 percent to 8.9 million. The EMEA region led Havaianas’ sales gains internationally, rising 25 percent currency-neutral to R$207.9 million (€35.4m) ...

  • Zalando
    Article

    Zalando launches a profit warning as sales decline for the first time

    2022-05-06T09:29:00Z

    Zalando posts the first decline in quarterly sales of its history and launched a profit warning for the full year. In the first quarter, the German online retailer reported a 1 percent increase in the gross merchandise volume (GMV) to €3.2 billion, but a 1.5 percent decline in revenues ...

  • boohoo logo
    Article

    Boohoo to source closer to U.K. as profits fall

    2022-05-06T09:28:00Z

    Boohoo reported plunging annual profits as it was hit by Covid-19-related costs and surging return rates. In an effort to optimize its operations, the British online fashion retailer plans to increase sourcing from suppliers closer to the U.K., reduce inventory levels and cut costs. It will also focus resources and ...

  • News briefs

    Next Q1 sales in line with guidance

    2022-05-06T09:28:00Z

    In the thirteen weeks to April 30, which corresponds to its fiscal first quarter, Next’s full price sales rose by 21.3 percent year-over-year, in line with the guidance of the British apparel retailer. The company maintained its full-year guidance of full price sales up by 5.0 percent, profits before tax ...

  • Rocky Brands
    Article

    Rocky Brands posts strong Q1 sales, profits

    2022-05-05T17:34:00Z

    Net income rose 61 percent to $7.34 million from $4.49 million for the period ended March 31, as total sales soared 90.5 percent to $167.03 million from $87.67 million. But the parent of the Durango and Xtratuf brands, among others, admittedly has work to be done cutting expenses and inventories ...

  • vulcabras-logo
    Article

    Vulcabras bolstered by sports brands, e-commerce

    2022-05-05T17:31:00Z

    Vulcabras’ net income soared by 270 percent to 54.0 million Brazilian reais (€9.2m) in the first quarter of 2022. Operating earnings (Ebit) jumped by 203 percent to R$64.4 million (€10.9m) in the period ended March 31, as the gross margin increased by 1.2 percent to 35.2 percent versus 34.0 percent ...

  • Weyco
    Article

    Weyco Q1 sales nearly double in Q1

    2022-05-05T16:11:00Z

    Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when sales were heavily impacted by the Covid-19 pandemic. Revenues were 10 percent higher than the first quarter of 2019, ahead ...

  • Grendene
    Article

    Grendene’s sales driven lower by Brazilian market

    2022-05-02T08:46:00Z

    Grendene’s first-quarter gross revenues fell by 2.1 percent to 630.8 million reais (€120.3m) driven by an 8.9 percent drop in domestic sales to R$429.9 million (€82.0m), partially offset by a 16.4 percent increase in export revenues to R$200.9 million (€38.3m). Brazilian sales were affected by a challenging economic environment, characterized ...

  • News briefs

    Amazon's operating income tumbles

    2022-05-01T09:13:00Z

    Amazon’s first-quarter revenue rose by 7.3 percent year-over-year to $116.44 billion. Operating income, however, decreased to $3.7 billion and net loss was $3.8 billion. On a diluted basis, this resulted in a loss per share of $7.56.According to Amazon, this was mainly due to a $7.6 billion loss from the ...

  • steve madden logo
    Article

    Steve Madden lacks visibility for year end

    2022-05-01T09:08:00Z

    After posting stronger-than-expected first-quarter revenues, Steve Madden warned that it suffers a lack of visibility about the fourth quarter of 2022 due to the potential headwinds stemming from the macroeconomic environment. Despite renewed lockdowns in China, due to the country’s zero-Covid policy, the U.S. footwear and apparel company has not ...

  • Stella
    News briefs

    Stella’s Q1 revenues up 26%

    2022-05-01T09:08:00Z

    In the first quarter of 2022, Stella International increased revenues by 26.3 percent to $383.3 million from $303.4 million a year earlier, driven by higher orders from its manufacturing business, which led to full utilization of its production capacity. Manufacturing revenues grew to $374.6 million from $299.8 million and shipment ...

  • Article

    Skechers performs despite China, supply chain concerns

    2022-04-27T15:31:00Z

    Net income jumped 23 percent to $121.2 million in the first quarter ended March 31 on 27 percent revenue growth to a record $1.82 billion versus $1.43 billion a year earlier. Skechers’ top and bottom-line gains were accomplished despite a challenging environment in the APAC region and persistent higher unit ...

  • News briefs

    Gucci’s Q1 sales disappoint

    2022-04-25T08:57:00Z

    Kering reported revenues of €4.956 billion in the first quarter of 2022, up by a reported 27 percent and by 21 percent on a comparable basis. Sales of the key Gucci brand amounted to €2.591 billion in the quarter, an increase of 20 percent on a reported basis and 13 ...

  • THG
    Article

    THG sees FY Ebitda margin in line with 2021

    2022-04-22T08:22:00Z

    In 2021, THG, also known as the The Hut Group, suffered a decline in its gross operating margins due to adverse foreign exchange movements, investments, increasing raw material costs and freight costs which saw a marked acceleration in the second half of the year. The British online retailer expects this ...