Quarter Results
Puma announces preliminary results for 2023
The sportswear company highlighted the impact of the devaluation of the Argentine peso on its results, with currency-adjusted sales growth of 6.6% in 2023, as compared to the prior year
LVMH reports another strong year
The French-based luxury conglomerate highlighted a “remarkable performance” from its Fashion & Leather Goods business group, with organic revenue growth of 13% year-on-year in 2023
Stella Holdings full year revenue declines
The footwear manufacturer posted an unaudited consolidated revenue decline of 8.5% in 2023, on a comparable basis to the prior year, but posted a positive performance in the fourth quarter
Parent company of Uniqlo posts solid performance
Fast Retailing posted a revenue growth of 13.2% in the three months to the start of November 2023, as compared to the same period of 2022, driven by the performance of Uniqlo abroad
361 Degrees provides fourth quarter update
The Chinese-based company has issued an operational update on its fourth quarter performance, with retail sales of its 361º Kids brand standing out with 40% year-over-year growth
Burberry warns on profits as luxury demand slows
The British luxury group has once again cut its profit guidance for fiscal 2024, following a period of weak sales in December. It also warned of tough times ahead for the luxury sector as demand wanes
Genesco lowers full year earnings guidance
After posting weak Christmas sales, the Nashville-based footwear company has lowered its earnings guidance for fiscal 2024. Journeys continues to struggle
Wolverine Worldwide confirms 2023 results in line with previous guidance
In the midst of “the stabilisation phase” of its “strategic transformation” plan, the US-based company has confirmed its guidance for both the fourth quarter and fiscal year 2023
Crocs raises fiscal 2023 guidance
The US-based footwear company has announced that it now expects a record 2023 revenue of 3.95 billion USD, up by more than 11% year-on-year, and slightly ahead of its previous growth guidance of 10% to 11%
Trading update from JD Sports
The UK-based sports retailer has issued a trading update for the 22 weeks to the end of December that is “slightly behind” prior expectations due to weaker consumer demand
Nike cautions against soft demand for the second half of fiscal 2024
The US-based sportswear giant posted a solid performance in the second quarter of fiscal 2024, with profits up by 21% year-over-year, but warned of soft demand for the rest of the year
H&M reports full year net sales growth
Despite the slowdown recorded in the fourth quarter of fiscal 2023, the Sweden-based fashion group reported an annual net sales increase of 6%, as compared to the previous year
Inditex reports strong performance
The owner of Zara continues to perform strongly. In the first nine months of 2023, its sales and profits grew by 11% and 33%, respectively, as compared to the same period of last year
Genesco reports drop in sales and profits
Amid a difficult operating environment, the footwear retailer reported a third quarter decline in sales and profits. Schuh and Johnston & Murphy results helped offset Journeys’ performance
Lower demand impacts Designer Brands’ third quarter results
The footwear company reported lower third-quarter sales and profits due to a contraction in the footwear market caused by unseasonably warm weather. As a result, it cut its full year guidance-
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