All Financial results articles – Page 48

  • Farfetch
    Article

    Farfetch’s Q2 GMV surges and beats the company guidance

    2020-08-17T07:02:00Z

    The British fashion e-tailer Farfetch saw gross merchandise value (GMV) increase by 47.7 percent year-on-year in the second quarter to $721.3 million. GMV of its digital platform business rose by 34.4 percent to $651.0 million. Excluding the impact of changes in foreign exchange rates, the increase reached 39.2 percent. The ...

  • Grendene
    Article

    Grendene’s sales tumble by 86% in Q2

    2020-08-14T15:32:00Z

    The downward spiral continued in the second quarter for Grendene, whose sales tumbled by 85.8 percent to 82.1 million reais (€13.0m-$15.3m), following several quarters of declining sales. The Brazilian group, which owns brands such as Ipanema and Melissa, sold 4.3 million pairs during the period, or 25.8 million fewer than ...

  • Stuart Weitzman
    Article

    ​Stuart Weitzman’s Q4 sales plummet to $33 million

    2020-08-13T17:51:00Z

    In the fiscal fourth quarter ended on June 27, Stuart Weitzman posted net sales of $33 million, down from $85 million in the same period of the prior year, largely due to the impact of the Covid-19 pandemic. The brand, which is owned by the American group Tapestry, saw its ...

  • News briefs

    Asos to post higher-than-expected FY results thanks to demand, lower returns

    2020-08-12T08:22:00Z

    The British online fashion retailer Asos said that its sales and profits for the full year ending in August are expected to be significantly ahead of market expectations, thanks to stronger-than-anticipated underlying demand and lower-than-forecast returns. Revenue growth is expected to reach 17-19 percent, with pretax profit in the region ...

  • Zalando
    Article

    Zalando benefits from the lockdown as Q2 sales, profits surge

    2020-08-11T17:20:00Z

    Zalando ‘s net profit rose to €122.6 million in the second quarter from €45.5 million a year earlier as its client base expanded. The German online fashion retailer now serves 34.1 million active customers across Europe, up by 20.4 percent year-on-year. Gross merchandise volume (GMV) increased by 33.0 percent to ...

  • Aeffe
    News briefs

    Aeffe’s leathergoods business H1 sales down by 21.4%

    2020-08-07T06:30:00Z

    In the first half, Aeffe, the Italian fashion house that owns Pollini and other brands, suffered a decline in sales in its footwear and leathergoods division of 21.4 percent, both on a reported basis and in constant currencies, to €47.7 million due to the impact of the Covid-19 pandemic. The ...

  • Weyco - Florsheim
    Article

    Weyco ends Q2 with loss, sales tumble by 72%

    2020-08-06T12:19:00Z

    Weyco Group posted a net loss of $8.9 million in the second quarter, compared to net earnings of $1.5 million in last year’s corresponding quarter, on revenues that dropped by 72 percent to $16.7 million, hampered by store closures and lockdowns. During the past few months, the group adjusted its ...

  • Jimmy Choo logo
    Article

    Jimmy Choo Q1 sales down by 67.7%

    2020-08-06T07:43:00Z

    Jimmy Choo posted a 67.7 percent year-on-year decline in sales to $51 million in the first quarter ended on June 27 due to the impact of the Covid-19 pandemic. The operating loss was $29 million compared to an operating income of $11 million a year ago, resulting in a negative ...

  • Havaianas
    Article

    Alpargatas thrives abroad amid challenging context

    2020-08-05T14:22:00Z

    Despite the economic impact of the coronavirus pandemic, Alpargatas, the parent company of Havaianas and Osklen, managed to grow its revenues abroad in the second quarter. Overall sales declined by 19.6 percent to 680.5 million Brazilian reais (€108.6m-$128.6m), while the gross margin expanded by 2.1 percentage points to 53.0 percent. ...

  • Kering
    News briefs

    Kering H1 revenues down by 30%

    2020-08-03T07:02:00Z

    Revenues of the French luxury goods group Kering amounted to €5,378 million in the first half, down by 29.6 percent year-on-year on a reported basis and by 30.1 percent on comparable structure and exchange rates due to the impact of the Covid-19 pandemic. The recurring operating income fell by 57.7 ...

  • Geox breathes
    Article

    Geox sees gradual recovery after H1 sales drop by 39.0%

    2020-08-03T07:01:00Z

    Geox has reopened all its directly-operated stores (DOS) temporarily closed due to the Covid-19 pandemic and is seeing a gradual recovery in its performance after first half sales took a hit from store closures during lockdowns. Yet it cautions that uncertainties about the “still very much ongoing” pandemic make forecasts ...

  • VF_Corp_Logo
    Article

    VF expects some improvement in the second fiscal quarter

    2020-08-02T06:06:00Z

    Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made in ...

  • Deckers
    Article

    Hoka’s momentum saves Deckers’ quarter

    2020-07-31T09:39:00Z

    Despite headwinds from Covid-19, and a 10 percent decline for Ugg, robust sales at Hoka One One helped Deckers Brands grow in its first fiscal quarter ended on June 30. They progressed by 2.3 percent from the same period last year to $283.2 million, or by 2.8 percent in constant ...

  • crocs
    Article

    Crocs’ results boosted by e-commerce

    2020-07-30T16:09:00Z

    While many brick-and-mortar stores were closed during the second quarter, Crocs saw record sales in e-commerce, as consumers migrated to online shopping during the pandemic. Revenues for the three months ended on June 30 declined by 7.6 percent from the year-ago quarter to $331.5 million, or by 6.0 percent on ...

  • Salvatore Ferragamo
    Article

    ​Ferragamo sales improve in July after plummeting in Q2

    2020-07-30T15:11:00Z

    Salvatore Ferragamo’s first-half sales amounted to €376.5 million, declining by 46.6 percent year-on-year on a reported basis and by 46.9 percent at constant currency rates. In the second quarter, revenues were down by 60.1 percent at current exchange rates and by 59.4 percent in local currencies when the impact of ...

  • Prada
    Article

    Prada first-half sales down by 40 percent

    2020-07-29T16:39:00Z

    The Italian fashion house Prada posted first-half sales of €938 million, down by 40 percent at constant currency rates, as 40 percent of its retail network was closed on average from February to May, reaching a peak of 70 percent in April due to coronavirus-related lockdowns. Global retail sales were ...

  • Article

    LVMH first-half revenues down by 27%

    2020-07-28T07:03:00Z

    LVMH’s first-half revenues fell by 27 percent to €18,393 million, with organic sales declining by 28 percent, due to the impact of the Covid-19 pandemic. The French luxury goods group has observed strong signs of an upturn in activity since June, but remains “very vigilant” for the rest of the ...

  • Skechers
    Article

    Skechers posts loss in Q2, builds on e-commerce momentum

    2020-07-24T11:49:00Z

    The pandemic significantly impacted Skechers during the second quarter, as it ended the period with a net loss of $68.1 million against a profit of $75.2 million for the same quarter last year. Its revenues tumbled by 42.0 percent to $729.5 million, or by 41.0 percent in constant currencies. These ...

  • News briefs

    Armani ready to ride out pandemic after 2019 revenue growth

    2020-07-19T08:47:00Z

    Italian fashion house Giorgio Armani says it is in a strong position to ride out the Covid-19 pandemic, after reporting a return to revenue growth in 2019, a year earlier than anticipated. The company, whose brand logo can be found on everything from jeans, to shoes, eyeglasses and household furnishings ...

  • Article

    Zalando significantly improves its full-year guidance after Covid-19 outbreak

    2020-07-16T18:42:00Z

    Zalando expects full-year gross merchandise volume (GMV) to rise by 20-25 percent and revenues by 15-20 percent, with adjusted Ebit reaching €250-300 million, as the German online fashion retailer benefited from the impact of the Covid-19 pandemic. The previous guidance, published on May 6 in an attempt to estimate the ...