All Financial results articles – Page 35
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News briefs
Castañer 2021 sales rise to over €19m
Castañer said that it posted a signficiant increase in sales last year to €19.3 million, however without giving an exact figure for the rise. The Spanish producer of espadrilles indicated that retail sales rose by 45 percent, with the gross margin improving by 2 percentage points, and digital revenues grew ...
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Fratelli Rossetti 2021 sales rise by 40%
Fratelli Rossetti posted sales of €40 million in 2021, up by 40 percent year-over-year. In an interview with the daily Corriere della Sera, Diego Rossetti, the chairman of the Italian luxury footwear producer, indicated that the company does not rule out opening its capital to investment funds to finance ...
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Velasca sales up by 80% in Q1
Velasca, the Italian footwear company launched in 2013, increased first-quarter sales by 80 percent year-over-year and expects to generate sales of about €18 million this year compared with some €13 million in 2021. The brand, which has its shoes produced in Montegranaro in the Italian Marche region, initially focused on ...
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Marsèll sees 2022 sales above €16m
The Italian footwear and leather goods company Marsèll expects 2022 sales to rise to above €16 million from more than €14 million in 2021, when the top line grew by 57 percent compared with 2020 and by 26 percent from 2019. The company, which was founded in 2001 in the ...
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Hermès Q1 sales up by 33%
In the first quarter of 2022, Hermès posted revenues of €2,765 million, up by 33 percent on a reported basis and 27 percent at constant exchange rates. Sales were particularly dynamic in group stores, especially in America and Europe, driven by the acceleration in all the business lines and the ...
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LVMH enjoys a strong start to the year
LVMH saw organic sales of its fashion and leatherwoods division rise by 30 percent in the first quarter of 2022 compared to the same quarter of 2021, as the French luxury goods conglomerate said that it has enjoyed a “good start to the year.” On a reported basis, the division ...
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ArticleAsos warns about surging inflation
The British online fashion retailer Asos reported a plunge in first-half profits due to supply chain issues and warned its expectations for a much better second half could be hit by surging inflation. The company also revealed a £14 million (€16.8m) hit from its decision to stop selling clothes in ...
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ArticleDesigner Brands upgrades its full-year guidance
Designer Brands improved its guidance for the fiscal year ending in January 2023 and now expects earnings per share (EPS) to be $1.80-$1.90, up from a previous guidance of $1.75-$1.85. The U.S. footwear company is also reinstating a dividend of 0.05 dollars per share for the first quarter of fiscal ...
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Zegna posts higher-than-expected Ebit margin
The Italian fashion group Ermenegildo Zegna posted an adjusted Ebit of €149 million in 2021, resulting in an adjusted Ebit margin of 11.5 percent, above guidance for a margin of about 10 percent provided in February. Zegna, whose shares are listed on the New York stock exchange, attributed its better-than-expected ...
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Sosandar lifts earnings guidance after strong second half
The British online women’s fashion brand Sosandar lifted annual earnings and revenues guidance again after recording profits in successive quarters. The company, founded by two fashion journalists in 2016, expects at least £29 million (€34.7m) in revenues, up by 138 percent year-on-year, and for underlying losses to be cut by ...
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ArticleSpartoo 2021 GMV up by 10.3%
In 2021, Spartoo’s gross merchandise volume (GMV) rose by 10.3 percent year-over-year to €213.7 million. The increase of GMV was in line with the company’s target for growth exceeding 10 percent. GMV achieved through B2C services increased by 9.5 percent to €192.8 million and that related to third-party services grew ...
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U-Power 2021 sales up by 33%
U-Power, an Italian producer of premium work shoes and apparel, posted a net profit of €35 million in 2021, up by 6 percent from a year earlier, on revenues of €230 million, up by 33 percent. The company’s footwear sales rose by 29 percent to €204.9 million, while apparel ...
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ArticleNext sees £85m sales hit from Ukraine war, lowers profit guidance
The British fashion retailer Next cut its profit guidance as the closure of websites in both Russia and Ukraine will knock a predicted £85 million (€102m) off its sales forecasts for the current financial year. The company also expects an 8 percent rise in selling prices in the second half, ...
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ArticlePittards enjoys a strong start to the year, expands business with Vivobarefoot
The British leather and leather goods company Pittards has started 2022 with the highest level of orders in three years and it expects shoe production in its factories in Addis Ababa, Ethiopia, to grow faster than in 2021. “We have started the current year with a better order book than ...
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Tempe sales up by 30% in 2021
In 2021, Tempe increased its revenues by 30 percent to €1,305 million. The top line however remains below the €1,399 million posted in 2019, the last year before the onset of the Covid-19 pandemic in Spain. Nevertheless, the company posted a record net profit of €119 million as revenue, ...
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News briefs
Stella will produce more in Indonesia
While starting up its new shoe manufacturing facility in Solo, Indonesia, Stella International is already planning to add a second factory to make 15 million pairs a year in the country, following a $120 million investment from its largest client, which represented 34 percent of its revenues last year. With ...
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ArticleCaleres delivers strong results
Caleres’ operating income was $43.8 million in the fourth quarter ended Jan. 29 against a loss of $55.4 million a year earlier. Net income came in at $33.9 million against a loss of $77.1 million. Total period revenues increased by 19.0 percent to $679.3 million from $571.0 million as gross ...
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ArticleShoe Carnival plans expansion after strongest results in 43 years
Shoe Carnival’s operating income soared by 164 percent to $27.9 million in the fourth quarter ended on Jan. 29 from $10.6 million a year earlier. Net income was $20.6 million against $7.4 million. Revenues jumped by 23 percent to $313.4 million from $253.9 million as the U.S. retail chain closed ...
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ArticleYue Yuen turns around despite a volatile operating environment
The annual net income of the world’s largest maker of athletic, casual and outdoor footwear hit $115.1 million in 2021 against a loss of $90.8 million in the prior year. Yue Yuen (YY) made an operating profit (Ebit) of $175.4 million for the year against an operating loss of $51.4 ...
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ArticlePrada full-year profits above pre-pandemic levels
Prada posted a net profit of €294 million in 2021, up from a €54 million loss last year and above a €256 million profit in 2019, before the outbreak of the Covid-19 pandemic. The bottom line also largely exceeded the consensus of analysts’ forecasts set at €253 million. Full-year revenues ...
