All Financial results articles – Page 5
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ArticleJimmy Choo’s Q1 sales drop on soft demand
In the fiscal first quarter ending June 29, Jimmy Choo, the luxury footwear brand owned by Capri Holdings, posted revenues of $173 million, down by 5.5 percent on a reported basis and by 3.8 percent on a constant currency basis compared to the prior year. This decline was driven primarily ...
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ArticleBoot Barn raises its full-year guidance on better-than-expected first-quarter results
Thanks to better-than-expected first-quarter results, Boot Barn lifted its sales and earnings guidance for the full-year ending March 29, 2025. In the three months ended June 29, the US company increased net sales by 10.3 percent to $423.4 million thanks to higher comparable sales and the opening of 11 stores, ...
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ArticleWeyco ‘cautiously optimistic’ about the autumn selling season
Weyco’s sales in the second quarter of 2024 dropped by 5 percent year-on-year to $63.9 million, driven lower by the North American wholesale business and the Florsheim Australia subsidiary. However, the group indicated that “retailer inventory levels are starting to normalize” in the US after an inventory pile-up last year ...
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ArticleZalando posts revenue growth and improved profitability in Q2
Zalando showed accelerating growth and improved profitability in the second quarter. The German online fashion retailer said that its success is due in part to an expansion of its lifestyle offerings, with strong growth in Sports, Designer and Beauty, and in part to a boost in its assortment’s relevance, with ...
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Relaxo's Q2 profits decline on weak sales, higher expenses
Relaxo Footwears, an Indian group that sells shoes under various brands including Relaxo, Flite, Bahamas and Sparx, posted revenues from operations of 748.2 crore rupee (€81.9m) in the second quarter ended June 30, up by 1.3 percent year-on-year. Total income grew by 1.0 percent to INR 753.6 crore (€82.4m). Expenses ...
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Pollini’s H1 sales decline nearly 14%
Pollini, the luxury footwear brand wholly-owned by the Italian fashion house Aeffe, posted sales of €14.8 million in the first half of 2024, down by 13.6 percent from a year earlier. The brand represented 10.7 percent of the group’s revenues, up from 10.5 percent a year earlier as it outperformed ...
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ArticleGeox’s H1 sales dragged down by the wholesale business
In the first half of 2024, Geox’s sales dropped by 9.4 percent, or by 8.0 percent at constant exchange rates, to €320.4 million due to the poor performance of its wholesale business. “The first half of 2024, consistent with what we have seen in the first months of the year, ...
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ArticleFerragamo posts encouraging first-half results
In the first half of 2024, Salvatore Ferragamo posted a 12.8 percent year-over-year decline in revenues to €523 million. At constant exchange rates, the decline narrowed to 10.9 percent. However, second-quarter sales showed a significant improvement on the first three months of the year by declining by only 8.1 percent ...
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ArticleNext lifts guidance on overseas sales surge and FatFace acquisition
Next has lifted its profit target for the eight time in a row as second-quarter sales defied wet British summer weather and the cost-of-living crisis, with overseas sales providing a boost along with the recently-acquired FatFace and Reiss, in which the UK fashion retailer now holds a majority 51 percent ...
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ArticleCrocs delivers record Q2, outlook on ‘cautious consumers’ spooks investors
Shares in Crocs took a hit yesterday, closing down by nearly 2.7 percent, or $3.65, to $130.81 after the company issued a third-quarter guidance below analysts’ expectations. The CEO, Andrew Rees, cited the company’s exceptional first-half results and market share gains but also asserted the group’s guarded outlook on H2 ...
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ArticleSteve Madden’s sales continue to be underpinned by Europe
In the second quarter of 2024, Steve Madden posted a 17.6 percent increase in revenues to $523.6 million, lifted by sales in the Europe, Middle East and Africa (EMEA) business region and the acquisition of Almost Famous in October 2023. Excluding Almost Famous, the top line grew by 7.5 percent. ...
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BasicNet’s H1 Ebitda falls by 22%
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, expressed some concern about a “general slowdown in (consumer) consumption” when reporting first-half results. Ebitda declined by 22 percent in the first half to €17.6 million as Ebit slipped by 40 percent to €8.7 ...
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ArticleRocky Brands doubles its operating profit in Q2
Amid an unpredictable consumer environment, Rocky Brands improved its second-quarter operating income by 104 percent year-over-year and lowered its net loss by 56 percent for the period ended June 30. The group attributed the better results to its diversified portfolio and recently started cost-saving initiatives. The quarterly operating income ...
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ArticlePrada’s first-half results are driven higher by Miu Miu
Prada Group’s first-half sales totaled €2,549 million, up by a reported 14 percent and by 17 percent at constant exchange rates, driven by the Miu Miu brand and the Japanese market. Retail sales grew by 15 percent, and by 18 percent at constant exchange rates, to €2,263 billion. Wholesale revenues ...
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Hermès posts double-digit growth rate in H1
Hermès’ revenues in the first half of 2024 amounted to €7.504 billion, up by a reported 12.0 percent and by 15.1 percent at constant exchange rates compared to the same period in 2023. All the geographical areas recorded double-digit growth in local currencies. Sales of the leather-goods and saddlery division ...
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Zegna posts negative organic revenue growth in Q2
Ermenegildo Zegna posted revenues of €960.1 million for the first half of 2024, up a reported 6.3 percent year-on-year but down an organic 2.7 percent. In the second quarter, revenues reached €497.0 million, up a reported 4.7 percent and down an organic 0.4 percent. “We all recognize that 2024 will ...
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ArticleSkechers’ Q2 sales driven higher by EMEA
Skechers’ revenues generated in the Europe, Middle East and Asia (EMEA) region, bolstered by a strong performance in the direct-to-consumer (DTC) channel, rose by 14 percent to $492.5 million. The DTC gain was however mitigated across the region by supply chain disruptions from the Red Sea crisis that pushed some ...
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ArticleDeckers continues to be driven higher by Hoka and Ugg
Fueled by higher levels of full-price selling and double-digit sales gains for both its Hoka and Ugg brands, Deckers Outdoor reported 81 percent net income growth to $115.6 million for the first quarter that ended June 30 from $63.6 million a year earlier. The period marked the last earnings call ...
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LVMH's sales decline
LVMH’s fashion and leather goods division posted revenues of €20.771 billion in the first half of 2024, down by a reported 2 percent year-over-year but up by 1 percent organically. Profit from recurring operations for the division were down a reported 6 percent to €8.058 billion. Sales for the ...
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Footway’s sales continue to plummet in Q2
As in the first quarter, Footway Group AB’s net sales dropped sharply to SEK 114.9 million (€9.9 million) in the second quarter from €239.8 million as suppliers were unable to obtain credit insurance to sell products to the troubled Swedish retailer that underwent a so-called reconstruction period completed on Feb. ...
