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Management

Restoque sales surpass pre-pandemic level

Restoque’s gross revenue in the second quarter equaled 333.4 million Brazilian real, increasing 35.5 percent compared to the second quarter of 2021 and 3.2 percent compared to the same quarter in 2019, despite a reduction in the store base of 24 percent. The company’s consolidated gross margin reached 64.3 percent, up 1170 bps, while EBITDA in...

Management

Hit by negative sales trends and ransomware attack, HanesBrands Q2 sales drop

HanesBrands Inc. net sales of 1.51 billion dollars decreased 238 million dollars or 14 percent, over prior year. Adjusting for the 38 million dollars unfavourable impact from foreign exchange rates, net sales decreased 11 percent on a constant currency basis, while net sales, excluding PPE, increased 75 percent on a two-year stack basis. The...

Management

Gerry Weber posts sales and earnings growth, raises outlook

During the first six months of 2022, Gerry Weber International AG generated sales of 157 million euros in the first half, an increase of 48.4 percent on the previous year, which the company said was primarily influenced by the Covid-related restrictions. “The performance following the gradual lifting of all Covid-related restrictions confirms...

Management

Wolverine Worldwide lowers FY outlook after missing on revenue

Wolverine Worldwide has cut its full-year revenue outlook after missing its expectation in the second quarter of the year. In the three months to July 2, the US company made revenue of 713.6 million dollars, up 12.9 percent from the prior year and up 25.5 percent from two years ago. Its international business performed particularly well, with...

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