Articles by Prachi Singh
JD Sports expects full year profit at lower end of guidance
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JD Sports Fashion in its third quarter trading update said given the volatile trading environment, and following October trading, it now expects pre-tax profit to be at the lower end of original guidance range of 955 pounds to 1,035 million pounds. The company said that the more volatile environment was reflected in like-for-like (LFL) sales for...
Boohoo appoints Tim Morris as independent chair
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Boohoo Group has announced the appointment of Tim Morris as the company’s independent chair with immediate effect. The company said in a statement that the appointment follows a series of decisive steps taken by the board since announcing its business review, including the completion of the refinancing, the appointment of Dan Finley as CEO and...
Coats sales grow, expects full year trading in line with expectations
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Following an 8 percent first half increase, Coats Group sales growth in the July to October period improved to 11 percent with accelerating growth in footwear and continued momentum in apparel, partly offset by sustained weakness in performance materials. Commenting on the trading update, David Paja, group chief executive said: “It has been a...
Target posts 11.9 percent decline in Q3 earnings
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Department store chain Target reported third quarter GAAP and adjusted earnings per share of 1.85 dollars, down 11.9 percent compared with last year. Comparable sales increased 0.3 percent in the quarter, reflecting a comparable store sales decline of 1.9 percent and a comparable digital sales increase of 10.8 percent. For the fourth quarter,...
After strong Q3, TJX raises earnings outlook
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The TJX Companies net sales for the third quarter were 14.1 billion dollars, an increase of 6 percent, while comparable store sales increased by 3 percent. Net sales for the first nine months were 40 billion dollars, an increase of 6 percent with comparable store sales increase of 3 percent. Net income for the quarter was 1.3 billion dollars and...
Amer Sports raises forecast on strong Q3 growth
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For the third quarter, Amer Sports reported a revenue increase to 1,354 million dollars, up 17 percent on both a reported and constant currency basis. “The third quarter was very strong for Amer Sports Group across all brands and geographies. We are executing against our largest growth opportunities in Arc'teryx and Salomon footwear, while our...
Walmart reports strong Q3, ups FY25 outlook
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Consolidated third quarter revenue at Walmart of 169.6 billion dollars, increased by 5.5 percent or 6.2 percent on constant currency basis. Raising its outlook for FY25, the company said net sales to reach 642.6 billion dollars, adjusted operating income at 27.1 billion dollars and adjusted EPS of 2.22 dollars. We had a strong quarter,...
Delta Galil delivers sales and profit growth
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Delta Galil Industries recorded a third quarter sales increase of 13 percent to 524.2 million dollars, driven by growth across all channels. For the nine-month period, sales were were 1,446.4 million dollars, a 7 percent increase from the prior-year period. Reiterating full year outlook, the company said in a release that it continue to expect...
Mytheresa posts positive Q1 results
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Mytheresa’s net sales for the first quarter increased by 7.6 percent to 201.7 million euros, while GMV growth was 6.3 percent to 216.6 million euros compared to the same quarter of FY24. The company’s gross profit margin of 43.9 percent, improved 150bps and profitability by 200bps at adjusted EBITDA margin level of 1.4 percent compared to...
Mulberry: H1 losses widen and revenues decline by 19 percent
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British handbag maker Mulberry reported a 19 percent decline in revenues to 69.7 million pounds for the six months to September 30, 2024, while the company’s losses widened by 23 percent to 15.7 million pounds. Mulberry appointed Andrea Baldo as its new chief executive in September. Commenting on the half year trading, Baldo said in a statement:...