All Financial results articles – Page 38
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News briefs
Metro Brands Q3 sales up by 59%
In the third quarter ended on Dec. 31, the Indian footwear retailer Metro Brands posted a 59.0 percent surge in consolidated sales to 4,840 million rupees (€57.3m-$65.0m) lifted by an expansion of the store network and the lifting of anti Covid-19 measures. The quarter was the first since March 2020 ...
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Stella's full-year sales rise to $1.5 bn
A sales increase in consolidated revenues of 44.9 percent to $405.8 million in the fourth quarter of 2021 is expected to lead to an increase of 35.6 percent to around $1.5 billion for the full financial year, said Stella International, thanks to a continued recovery in orders for its shoe ...
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News briefs
Online and wholesale revenues up at Oliver Sweeney
According to Draper’s, Oliver Sweeney enjoyed a 31 percent year-on-year increase in online sales for the eight weeks ended on Dec. 26. Wholesale revenues were up “significantly” year-on-year as well. The U.K. footwear retailer reportedly accomplished this with less promotion than usual. Drapers reported in 2020 that Oliver Sweeney had ...
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News briefs
Prada FY sales up 41%
In 2021, Prada posted sales of €3.364 billion, up by 41 percent from 2020 and by 8 percent from 2019 at constant currency rates driven by its retail business. In the second half of 2021, the Italian fashion house enjoyed a sharp improvement in sales, operating margins and cash generation. ...
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ArticleJD raises its profit forecast again
JD Sports Fashion expects that its pre-tax profit for the financial year ending Jan. 29 year will reach a level of at least £875 million (€1,050m-$1,197m), well ahead of the analysts’ consensus averaging £810 million, as its sales went up by more than 10 percent on a same-store basis in ...
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ArticleAsos’ Christmas season revenues disappoint
Asos reported weaker-than-expected sales over the Christmas period due to “challenging” market conditions. Nevertheless, it announced plans to transfer to the London Stock Exchange’s main list by the end of February to be more appealing to large investors. in the four months to Dec. 31, total revenues for the British ...
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Premiata launches a ready-to-wear collection
Premiata launched its first ready-to-wear collection at the 101st edition of Pitti Immagine Uomo, held in Florence from Jan. 11 to 14, as part of its product diversification. The Italian footwear company known for its sneakers launched a collection of backpacks early last year. The cloths are genderless and manufactured ...
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News briefs
Caleres hikes its full-year guidance
Caleres raised its earnings per share outlook for the fiscal year ending Jan. 29. The U.S. footwear company now anticipates reported earnings of $3.29-3.39 per share. Adjusted earnings per share is seen reaching a record $4.00-4.10.
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ArticleShoe Zone returns to an annual profit
Shoe Zone swung to an annual profit, driven by lower costs and online sales as it aimed to push forward with its “Big Box” and hybrid store expansion strategy. Annual pre-tax profit for the year to Oct. 2 was £9.5 million (€11.4m-$13.0m) compared with a loss of £14.6 million in ...
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Article
Hotter Shoes revenues up 9% over Christmas
Hotter Shoes’ revenues jumped by more than 9 percent during the key November-December trading period as its soon-to-be rebranded parent company gets set to list on the AIM segment of the London Stock Exchange (LSE) at the end of January. In a trading update, Electra Private Equity – which will ...
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Article
Boot Barn's Q3 sales reach $486m
In its third fiscal quarter ended Dec. 25, Boot Barn posted net sales of $485.9 million, up by 71.1 percent from the quarter ended Dec. 28, 2019, according to preliminary data released by the company. Compared with two years ago, same-store sales increased by 61.0 percent, including an increase in ...
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Crocs improves its 2021 sales guidance
Crocs expects to post record 2021 revenues with growth reaching 67 percent against 2020. This compares with a previous guidance of a 62-65 percent sales increase. The company also estimates adjusted operating margin of nearly 30 percent in the full year. It noted that share repurchases in 2021 reached $1 ...
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Camper sees FY sales up 22%
The Spanish footwear company Camper expects sales to rise by 22 percent this year to €146 million after falling by 28 percent to €128 million in 2020 due to the outbreak of the Covid-19 pandemic. The surge in sales was underpinned by e-commerce, with online sales representing half of this ...
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ArticleBoohoo warns returns, weak U.S. sales are hitting profits
The British fast-fashion retailer Boohoo issued a profit warning on its full-year profits because of higher returns in the U.K. and a weaker-than-expected performance in the U.S. The company now expects a net sales growth of 12-14 percent, down from a previous growth guidance of 20-25 percent, for the year ...
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News briefs
H&M returns to pre-Covid levels
In the fourth quarter ended Nov. 30, the Swedish fashion retailer H&M posted fourth quarter-revenues of SEK 56.813 billion (€5.53bn-$6.22bn), up by 8 percent from a year ago, while in the full year the top line was up by 6 percent to SEK 198.967 billion (€19.38bn-$21.79bn). In local currencies, fourth-quarter ...
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Article
Inditex posts record Q3 results
Inditex, the Spanish group that owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Uterqüe, posted revenues of €19.33 billion in the first nine months to Oct. 31, up by 37 percent from a year earlier, and a gross margin of 59 percent after posting record-breaking third-quarter results. ...
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News briefs
Rizzo makes offer to creditors
Rizzo Group has made an offer to its creditors to avoid bankruptcy. The Swedish retailer’s composition offer, which also applies for its subsidiary Rizzo International, involves the entire payment of unsecured debt up to SEK 2,000 (€195-$220) and 25 percent of any excess amount. The company has been in corporate ...
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ArticleDesigner Brands posts strong quarterly sales
In the third quarter ended Oct. 30, Designer Brands posted sales of $853.5 million, up by 30.7 percent from a year earlier. Comparable sales increased by 40.8 percent. Sales of the group’s U.S. retail segment rose to $709.6 million from $501.9 million a year earlier, with women’s footwear revenues increasing ...
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News briefs
Kingmaker posts a negative gross margin due to Covid
The mandatory payment of minimum wages to factory workers idled by the Covid pandemic caused Kingmaker to post a negative gross margin for the first half of its fiscal year ended Sept. 30, leading it to report a net loss of 15.5 million Hong Kong dollars (€1.8m-$2.0m) compared with a ...
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ArticleDr. Martens posts stronger H1 results, but warns about U.S. shipping delays
Dr. Martens posted a 46 percent rise in interim profits, driven by a recovery in store sales as they reopened after Covid lockdowns, but the company warned that shipping delays in its U.S. business would continue into the next fiscal year. Pre-tax profit for the six months to Sept. 30 ...
