All Financial results articles – Page 36

  • Inditex
    Article

    Inditex’s sales return above pre-pandemic levels

    2022-03-16T16:17:00Z

    Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, posted a 35.8 percent year-on-year increase in revenues to €27.72 billion in the full year ended January 31. In local currencies, the top line was 3 percent higher than in 2019, before the ...

  • tods 3
    Article

    Tod’s swung into an operating profit in 2021

    2022-03-14T08:26:00Z

    Tod’s beat market expectations with its 2021 earnings and expressed optimism for the current year. Nevertheless, for the third year in a row, the Italian shoe maker decided to omit paying a dividend on is full-year results. The company posted earnings before interest and taxes (Ebit) of €24.2 million in ...

  • boohoo logo
    Article

    Boohoo's sales slow down in Q4

    2022-03-11T16:38:00Z

    The British online fashion retailer Boohoo confirmed that full-year earnings will be in line with its reduced guidance after reporting a slowdown in revenue growth in the fourth quarter. The group issued a profit warning last December, citing higher product return rates, disruption to international deliveries and higher inbound freight ...

  • genesco
    Article

    Schuh Group posts strong sales growth

    2022-03-11T16:16:00Z

    In the fourth quarter ended Jan. 29, Schuh Group, an operating unit of the U.S.-based Genesco, posted an operating profit of $9.8 million against an operating loss of $3.6 million. Total sales at the 123-door, U.K.-based retailer rose nearly 33 percent to $129.0 million from $97.0 million as digital penetration ...

  • Vulcabras
    Article

    Vulcabras continues to shrink in women’s shoes

    2022-03-10T18:03:00Z

    Vulcabras’ net income rose by 49 percent to 81.3 million Brazilian reais (€14.6m) in the fourth quarter of 2021. Operating earnings (Ebit) went up by 58 percent to R$89.3 million (€16.1m) in the period ended Dec. 31, as the gross margin hit 36.1 percent versus 32.7 percent a year earlier ...

  • Salvatore Ferragamo
    Article

    Ferragamo is back in black

    2022-03-09T17:36:00Z

    Salvatore Ferragamo swung into a profit in 2021 as it recovered from the loss caused in 2020 by the Covid-19 pandemic but the company did not provide a guidance for the current year due to an “unpredictable” outlook. The broker Equita noted that the company, which had already released its ...

  • Weyco
    Article

    Weyco posts strong quarterly results

    2022-03-09T17:35:00Z

    Weyco Group’s net income soared by 103 percent to $10.34 million from $5.1 million in the fourth quarter ended Dec. 31. Operating earnings rose by 62 percent to $12.78 million from $7.9 million, but the year-over-year operating margin slipped slightly to 12.6 percent from 12.8 percent. Total revenues stepped 64 ...

  • Rocky Brands
    Article

    Rocky Brands targets savings as Q4 net sales soar

    2022-03-04T12:06:00Z

    U.S. footwear company Rocky Brands said it is targeting cost savings and synergies after integrating Honeywell International’s performance and lifestyle footwear business last year as it reported a 93.4 percent surge in fourth-quarter net sales. The company, which called the $230m acquisition “transformational”, said sales for the three months to ...

  • Zalando
    Article

    Zalando releases a disappointing 2022 guidance

    2022-03-02T09:13:00Z

    Zalando posted better-than-expected sales in 2021 but released a disappointed guidance for 2022, which prompted the company’s share price to drop nearly 10 percent on the day. In the full year ended Dec. 31, the German online fashion retailer posted a 29.7 percent increase in revenues to €10.35 billion, compared ...

  • Farfetch
    Article

    Farfetch profitability improves on lower markdowns

    2022-02-28T16:42:00Z

    Farfetch posted a strong improvement in its gross operating profit thanks to a reduction in markdowns. In a conference call, José Neves, the company’s founder and chief executive, said that out of the 10 brands on its marketplace “five now follow a full-price strategy for their e-concessions” while the retailer’s ...

  • steve madden logo
    Article

    ​Steve Madden eyes DTC, Europe and apparel for more growth

    2022-02-28T09:18:00Z

    Steve Madden reported a net income of $66.0 million in the fourth quarter against $22.6 million a year earlier. On adjusted basis, the bottom line grew to $70.4 million from $21.8 million. Total revenues rose by 65 percent to $575.1 million for the quarter ended Dec. 31. Sales highlights included ...

  • Geox breathes
    Article

    Geox starts 2022 strongly but Ukraine conflict casts shadow

    2022-02-28T09:17:00Z

    Geox said it has started 2022 strongly, but highlighted uncertainty about the potential impact of the conflict in Ukraine on its results. The Italian footwear company could not currently quantify the impact of the conflict and economic sanctions against Russia on its performance. In 2021, the company achieved €51 million ...

  • Grendene
    Article

    Grendene’s export business shines in challenging year

    2022-02-28T09:16:00Z

    Grendene, despite facing persistent supply chain challenges and an uneven recovery around the globe from the Covid-19 pandemic, generated strong export sales gains in the fourth quarter and in 2021. Strong recoveries in the European and in Latin American markets contributed to the improvement. The Brazilian footwear maker, whose portfolio ...

  • News briefs

    Wildberries books record sales of fashion items

    2022-02-28T09:14:00Z

    A record 336 billion rubles (€3.85bn) in fashion goods were sold on Russia’s largest e-commerce marketplace, Wildberries, in 2021. Revenues are 55 percent higher than in the previous year, partially thanks to an increase in demand for warm clothing and footwear. Growth was underpinned by an increase in shopping frequency. ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine posts better-than-expected Q4 results

    2022-02-27T13:31:00Z

    Wolverine Worldwide narrowed its fourth-quarter losses, boosted by its recent acquisition of Sweaty Betty, the U.K.-based brand of women’s fitness apparel, and it forecast sales growth of 15-18 percent for 2022. The Michigan-based owner of Merrell, Saucony, Sperry, Keds and other brands reported a net loss of $14.6 million for ...

  • AllBirds-Logo
    Article

    Driving toward breakeven results, Allbirds preps a wholesale strategy

    2022-02-27T13:21:00Z

    Allbirds reported positive adjusted Ebitda of $0.4 million for the fourth quarter of 2021, compared with a loss of $5.3 million in the corresponding period of 2020, thanks to higher revenues combined with a reduction in marketing expenses from 29.8 percent to 19.1 percent of sales. The company attributed the ...

  • News briefs

    Hermès' full-year results surge

    2022-02-21T10:07:00Z

    In 2021 Hermès posted sales of €8.982 billion, up by 30 percent compared with the pre-pandemic year of 2019. The operating margin reached a record 39.3 percent in 2021, compared with 34 percent in 2019 and 31 percent in 2020. The net profit was €2.445 billion, nearly €1 billion higher ...

  • News briefs

    Kering posts record full-year sales

    2022-02-21T07:39:00Z

    Kering achieved record revenues in 2021 at €17.019 billion, up by 34 percent as reported and up by 35 percent on a comparable basis. The recurring operating income rose by 60 percent year-on-year to a record €5.017 billion. Online sales continued to grow, up by 55 percent. The online channel’s ...

  • BasicNet
    Article

    BasicNet sees significant sales growth in Q4

    2022-02-18T13:31:00Z

    BasicNet said it posted “significant” growth at the end of 2021, with consolidated revenues in the fourth quarter jumping by 26.5 percent from the year-earlier period to €80.0 million, marking an improvement of over 14 percent on 2019. BasicNet, the Italian-based parent company for brands such as Kappa, K-Way, Superga ...

  • hotter_bgweb
    Article

    Hotter Shoes in tie-up with M&S as revenues rise

    2022-02-17T17:53:00Z

    Unbound Group, the parent company of Hotter Shoes, announced that the footwear brand enjoyed a surge in fourth-quarter revenues and will sell its comfort shoes through the British retailer chain Marks & Spencer (M&S). Unbound said that M&S will immediately start selling 32 Hotter products on its “Brands at M&S” ...