All Financial results articles – Page 8
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News briefs
Zalando posted an operating profit in Q1
Zalando said that adjusted Ebit in the first quarter rose to a positive €28.3 million, representing a margin of 1.3 percent, compared to a negative €0.7 million in the prior-year period. “The substantial improvement in profitability was driven by lower fulfilment costs and successful inventory management, leading to an improved ...
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News briefs
Lowa's 2023 sales slip slightly
Lowa’s production volume was stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly the ...
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News briefsNext warns on Q2 but confirms FY guidance
Next said first-quarter sales came in ahead of forecasts and maintained its guidance for the full year but warned that the next three months would be weaker due to wet spring weather. Full-price sales in the thirteen weeks to April 27 were up by 5.7 percent year on year, slightly ...
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ArticleSteve Madden’s Q1 sales lifted by Europe
In the first quarter of 2024, Steve Madden posted a 19.1 percent growth in revenues to $552.4 million. Almost Famous, the business the group bought in October 2023 to expand its apparel business, contributed $41 million in revenues during the quarter. Excluding Almost Famous, revenues rose by 10.3 percent. Steve ...
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ArticleRocky Brands' Q1 sales lifted by Durango and Xtratuf
Bolstered by double-digit sales increases for its Durango and Xtratuf footwear brands, Rocky Brands reported a 2.2 percent jump in first-quarter revenues to $112.9 million from $110.4 million. Excluding Servus, a brand divested in March, sales rose by 7.6 percent year-over-year. First-quarter wholesale sales were $79.8 million compared to $80.1 ...
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ArticleSkechers raises sales, profit guidance for 2024 as wholesale sales recovery kicks in
Skechers expects its sales will rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its direct-to-consumer (DTC) business. The guidance is ...
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News briefs
Hermès’ sales beat market expectations
Hermès’ revenues amounted to €3,805 million in the first quarter of 2024, up by 12.6 percent at current exchange rates and by 17.0 percent at constant exchange rates from the previous year with growth in all geographical areas. The top line beat market expectations by about €120 million. Sales of ...
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News briefs
Zegna weighed down by Thom Browne
Ermenegildo Zegna’s revenues stood at €463.2 million in the first quarter, up by 8.1 percent year-on-year. The top line was up by 10.7 percent at constant currency but fell by 5.3 percent on an organic basis. Revenues for the Zegna segment amounted to €324.9 million, up by a reported 1.7 ...
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News briefs
Diadora’s sales totaled €304m in 2023
Diadora’s sales totaled €304 million in 2023, a year during which the Italian brand terminated some commercial partnerships to focus on its core categories: running, tennis and soccer. Sales for the core categories were up by 16 percent compared with 2022, according to the daily Il Sole 24 Ore. The ...
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ArticlePrada Group’s sales driven higher by Miu Miu
In the first quarter of 2024, Prada Group’s revenues rose by 11 percent to €1,187 million, driven by the Miu Miu brand and beating market expectations by nearly €50 million. At constant exchange rates, the top line was up by 16 percent. Retail sales totaled €1,071 million, up by 12 ...
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ArticlePrimark’s sales, earnings rise
A strong rise in half-year profits at Primark helped Associated British Foods (ABF), the parent company of the fast-fashion retailer, lift its annual earnings guidance. Primark’s revenues rose by 7.5 percent to £4.5 billion (€5.23bn), while adjusted operating profit – the company’s preferred measure – was 46 percent higher at ...
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ArticleGolden Goose’s revenues rise 11% in Q1
Golden Goose said that in the first quarter of 2024 revenues rose by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates, while “maintaining strong margins.” Revenues of the direct-to-consumer channel grew by a reported 18 percent and 20 percent at constant exchange rates, ...
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News briefs
Stella sales up nearly 19% in Q1
Stella International reported an 18.9 percent increase in consolidated first-quarter revenues to $338.4 million from $284.6 million a year. Revenues from manufacturing grew by 17.6 percent to $326.3 million. Shipment volume increased by 21.9 percent year-over-year, led by the sports category, to 11.7 million pairs. However, the average selling price ...
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ArticleThe Platform Group posts strong 2023 sales
German e-commerce company The Platform Group (TPG), the owner of online footwear retailer Schuhe24 and other fashion platforms, reported strong full-year results for 2023, with sales and profits on the rise. The company said in a statement that in the 2023 financial year, gross merchandise value (GMV) increased by 19 ...
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ArticleAsos’ losses widen but excess stock cuts ahead of target
Asos’ half-year losses widened as the British online fast-fashion retailer continued to deal with competition from its Chinese rival Shein, but it was ahead of target on shifting the mountain of excess stock built up during the Covid-19 pandemic. The company reported an adjusted loss before tax of £120 million ...
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News briefs
CCC Group posts sees 7% sales boost at start of Q1
CCC Group, the Polish footwear and fashion group, said sales in the period running from Feb. 1 to March 31, 2024, increased by 7 percent compared to the year earlier to reach 1.3 billion zloty (€300.5 million). In the same period, which corresponds to the first two months of the ...
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News briefs
LVMH’s sales decline in Q1
LVMH’s fashion and leather goods division posted revenues of €10.490 billion in the first quarter of 2024, down by a reported 2 percent year-over-year but up by 2 percent organically. Sales for the whole French luxury-goods conglomerate were down by a reported 2 percent to €20.694 billion, but up ...
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ArticleDr. Martens shares get a kicking as CEO quits after fifth profits warning
Dr. Martens’ shares slumped by more than a third to record lows and trading in the stock was briefly suspended in London as the UK bootmaker said that its chief executive, Kenny Wilson, would step down after issuing a fifth profit warning in three years amid continuing woes in its ...
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News briefs
Footway Q1 sales halved
After concluding a more than six-month-long restructuring process on Feb. 13, Footway, with twelve e-commerce platforms in its portfolio, released its sales figures for the first quarter of 2024. The year started off on a challenging note, with sales more than halved. Revenue amounted to SEK102 million (€8.8 million) compared ...
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News briefs
Christian Louboutin targets annual sales of €1bn
Christian Louboutin aims to achieve annual sales of more than €1 billion, according to John Elkann, the CEO of Exor, a Dutch incorporated holding company that invested €541 million in 2021 to buy a 24 percent stake in the French luxury shoe maker. Elkann did not indicate when the revenue ...
