Quarter Results
Crocs raises full year guidance
The US-based footwear company has raised its full year outlook as a result of a 34% revenue growth in the first quarter of 2023, as compared to the same period last year
Kering posts mixed first quarter performance
The French-based luxury group posted a 1% year-over-year marginal revenue growth in the first quarter of 2023, with Gucci slightly recovering from a 14% revenue decline in the fourth quarter of 2022
Ferragamo reports a weak first quarter
The luxury group reported a 4.0% year-over-year revenue decline in the first quarter of 2023, saying that the release of its new collection has not yet helped the brand’s relaunch
Stella International reports a decline in revenue
The Hong Kong-based manufacturer announced that its unaudited consolidated revenue for the first quarter of fiscal 2023 decreased by 25.8%, as compared to the same period of last year
Dr. Martens lowers full year profit guidance
The iconic British brand has lowered its FY 23 profit outlook due to costs associated with resolving operational issues at its LA distribution centre, as well as a decline in wholesale revenue
Hermès posts strong first quarter
The French-based luxury group posted a revenue growth of 23% at constant exchange rates and 22% at current exchange rates in the first quarter of 2023, year-over-year, reaching 3.38 billion euros
LVMH announces first quarter results
The luxury group has reported a revenue growth of 17% (also organically) in the first quarter of 2023 to 21.04 billion euros, year-over-year, highlighting the rebound experienced in China
PVH Corp reports better-than-expected fourth quarter results
The US-based group has reported a fourth quarter revenue growth of 2% in 2022, year-over-year, driven by the performances of its Tommy Hilfiger and Calvin Klein brands
H&M reports a sales increase
The Sweden-based group reported a net sales growth of 12% in the three months to the 28th of February, as compared to the same period of last year, but March sales were below expectations
Nike reports sales increase
As it continues to clear out its excess inventory, the US-based sportswear giant reported that its revenue increased by 14% in the third quarter of fiscal 2023, year-over-year
Shoe Carnival sales decline
The US-based footwear retailer posted a fourth quarter and annual sales decline in 2022 over the prior year, but profits exceeded pre-pandemic levels
Foot Locker unveils long-term growth strategy
After announcing its full year and fourth quarter results, in which both sales and earnings declined over fiscal 2021, the US-based retailer introduced its long-term growth plan ‘Lace Up’
Designer Brands announces cautious outlook for fiscal 2023
Following a slower fourth quarter, the North-American company is expecting a decline in earnings and sales for fiscal 2023, accounting for the volatile macroeconomic environment
Genesco reports a slight decline in sales
The Nashville-based footwear group posted a decrease in net sales of 2% over fiscal 2023, reaching 2.38 billion US dollars, amidst a challenging consumer demand environment
Caleres announces record annual sales
The US-based footwear group reached record annual net sales of 2.97 billion US dollars in 2022, up by 6.9% over the prior year, led by its brand portfolio segment-
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