All Financial results articles – Page 7
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ArticleDeckers sees FY25 sales up 10%
Deckers Brands, the parent company of the Hoka and Ugg brands, ended a successful fiscal year by reporting a 36.3 percent operating income increase in the fourth quarter to $144.3 million from $105.9 million. Gross margin expanded by 6.20 percentage points to 56.2 percent in the quarter ended March 31. ...
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ArticleVF Corp. fails to deliver yet again
VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face, Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent on the day of the announcement. The operating loss was ...
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News briefs
Coats’ sales underpinned by recovery in footwear
Coats said that in the four months to April 30 reported revenues rose by 4 percent while currency-neutral revenues increased by 7 percent at group level. Revenues for the apparel business grew a reported 11 percent and 14 percent at constant exchange rates. The footwear business increased revenues by 6 ...
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ArticleShoe Zone cuts full-year earnings guidance on higher costs
Shoe Zone has cut its full-year earnings guidance due to higher labor and shipping costs as well as additional expenses stemming from store closures. The British footwear retailer cut its full-year profit before tax forecast to £13.8 million (€16.2m) from £15.2 million. It noted that the original forecast was based ...
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ArticleGrendene’s Q1 sales are underpinned by the Brazilian market
Grendene maintained its first-quarter revenues stable thanks to domestic sales led by the Melissa brand. Gross revenues rose by 0.7 percent year-over-year to 662.4 million reais (€119.0m) in the first quarter of 2024, with domestic sales up by 6.7 percent to R$528.3 million (€94.9m) and exports down by 17.5 percent ...
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ArticleGeox sees 2024 sales decline after wholesale sales suffer in Q1
Geox now expects sales to fall by a mid-single-digit percentage this year, after revenues in the first quarter tumbled by a reported 13.5 percent to €193.6 million led by a steep decline in wholesale sales. At constant currency rates, sales were down by 11.7 percent. Geox, which had previously forecast ...
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News briefs
Alibaba Q4 revenues up 7%
Alibaba reported revenues of RMB22.9 billion (US$30.7bn) for the fourth quarter ended March 31, representing an increase of 7 percent year-over-year. Income from operations was RMB14.8 billion (US$2.0bn), a decrease of 3 percent year-over-year. Net income attributable to ordinary shareholders was RMB3.3 billion (US$453 million). Net income was RMB919 million ...
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ArticleAlpargatas maps out new business strategy, turns Q1 profit
Alpargatas spent much of the first quarter working on cash generation, capitalizing on efficiencies, and simplifying its business. The effort, largely focused on its home market, included better alignment between sell-in and sell-out levels and cash generation of $260 million Brazilian reais (€46.7m) versus cash consumption of R$271 million a ...
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ArticleFootwear drags Tod’s’ sales lower
Tod’s‘ sales in the first quarter of 2024 fell by 6.7 percent year-over-year to €252.3 million due to the weakness of the Chinese market. At constant currency rates, the top line declined by 4.7 percent. Shoes were the weakest product category with quarterly sales down by 8.3 percent, or by ...
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ArticleBoot Barn sees sales growth in new fiscal year as store openings continue
Boot Barn expects to resume sales growth in fiscal year 2025, after closing off the fourth quarter of fiscal 2024 with a nearly 9 percent decline in revenues, as new store openings are seen more than offsetting a continued projected decline in same-store sales. With the opening of a planned ...
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News briefs
Golden Goose’s sales and earnings continue to rise
In the first quarter of 2024, Golden Goose posted revenues of €148 million, up by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates. Direct-to-consumer revenues grew by 18 percent, and by 20 percent in local currencies, to €106 million, driven by the EMEA ...
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ArticleYue Yuen’s profits double in Q1
Profit attributable to owners of the Chinese group Yue Yuen increased by 97 percent year-over-year to $100.0 million for the first quarter ended March 31 from $50.8 million a year earlier. Ebit rose by 82 percent to $145.1 million from $79.7 million despite a 4.9 percent decline in total revenues ...
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ArticleArezzo sales jump 23% in Q1, looks to bolster U.S. business
Arezzo & Co reported sales of 1,286 million reais (€231.8m) in the first quarter of 2023 rising by 23.4 percent compared with the year earlier and coming on top of the roughly 64 percent growth in the top line seen in the first quarter of 2022. The sellout in the ...
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ArticleAllbirds confirms FY guidance as Q1 sales plummet
In the first quarter of 2024, Allbirds’ net revenues decreased by 27.6 percent to $39.3 million primarily due to lower overall demand, as well as the impact of the transition to distribution models in some foreign markets and store closures in the US. The company has completed the transition to ...
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ArticleArezzo’s sales lifted driven by e-commerce and own stores
Arezzo & Co posted gross revenues of 1,358 million Brazilian reais (€244.2m) in the first quarter of 2024, up by 5.6 percent compared to the year earlier driven by e-commerce and own stores. The number of shoes sold rose by 1.3 percent year-on-year to 4.653 million pairs the three-month period, ...
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ArticleFerragamo’s Q1 sales decline sharply
Salvatore Ferragamo’s first-quarter revenues fell by 18.3 percent to €227 million, with sharp declines in all regions and missing market expectations by about €3 million. At constant exchange rates, the drop was limited at 16.6 percent. Net sales, which exclude certain revenues such as licenses, dropped by 19.2 percent as ...
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ArticleWolverine starts to see the signs of a turnaround
In a self-proclaimed “transition year,” Wolverine Worldwide is beginning to witness ”proof points” of its efforts to turn around its business. These developments in the first quarter, when the company exceeded Wall Street’s revenue expectations, included higher gross margins, less promotion in the direct-to-consumer channel, a sharply lower inventory level, ...
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ArticleStuart Weitzman books lower sales and a loss in Q3
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $56.1 million in the fiscal third quarter ended March 30, down by 18 percent year-on-year on a reported basis and by 17 percent at constant currency rates. During the quarter, the brand posted an operating ...
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ArticleWeyco posts weaker sales but expects an improvement in H2
Weyco’s net sales in the first quarter of 2024 dropped by 17 percent year-on-year to $71.6 million, driven by the Bogs brand in the North American wholesale channel. “Although we expect sales to remain soft through the second quarter, we are optimistic that demand will improve in the back half ...
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ArticleBoohoo losses widen as Shein, weak demand hit revenues globally
Boohoo, the British online fashion retailer which is facing competition from rival Shein, weak demand and high return rates, reported wider annual losses after revenues fell by 17 percent. Boohoo posted a loss before tax of £160 million (€186.6m), compared with a £90.7 million loss a year earlier. Adjusted Ebitda ...
