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...
12 hours ago
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...
Aug 11, 2022
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...
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...
Aug 10, 2022
Dutch retailer Ahold Delhaize has announced the postponement of its planned IPO of e-tailer Bol.com. The company had originally planned for an IPO in the second half of the current fiscal year, but has now said it will “revisit” the plan “when equity market conditions are more conducive”. The news came as Ahold reported net sales of 21.4 billion...
Ralph Lauren beat revenue expectations in the first quarter of the year. The US fashion brand reported net revenue of 1.5 billion dollars, an increase of 8 percent compared to the previous year, or 13 percent on a constant currency basis. Breaking it down by geography, revenue in Ralph Lauren’s home market of North America was up 6 percent to...
Aug 9, 2022
Michael Kors owner Capri Holdings made revenue of 1.36 billion dollars in the first quarter ended July 2, up 8.5 percent compared to last year, or up 15.2 percent on a constant currency basis. Breaking it down by brand, Michael Kors - the group’s biggest label - reported revenue of 913 million dollars, up 4.8 percent on last year. Meanwhile,...
Contemporary Norwegian fashion and lifestyle brand Holzweiler has secured backing from venture firm Sequoia Capital China, supported by Carnegie Investment Banking, to help accelerate its global ambitions. The family-run label, founded in 2012 by siblings Andreas and Susanne Holzweiler, said that the strategic partnership with Sequoia Capital...
Aug 8, 2022
British lifestyle group Joules has confirmed it is in talks with Next about a potential equity investment. It follows a report on Saturday by Sky News that said high street giant Next was in detailed negotiations about buying a 25 percent stake in Joules. Joules said in a statement Sunday: “Joules confirms that it is in discussions with Next Plc...
Kontoor Brands, the owner of denim labels Wrangler and Lee, has reported a 25 percent increase in revenue in the second quarter of the year. In the three months to July 2, revenue came in at 613.6 million dollars, compared to 490.8 million dollars a year earlier. That growth was primarily driven by the company's US business, which saw a 40...
Aug 5, 2022
In the second quarter, Alpargatas reached net revenue of 1.1 billion Brazilian real, up 2 percent or 10 percent in constant currency against the second quarter of 2021. In the second quarter, Alpargatas , owner of Havaianas, recorded a 40 percent decrease in net income to 64.2 million Brazilian real. Excluding data from Rothy's, recurring net...
For its second quarter, Crocs, Inc. reported consolidated revenues of 964.6 million dollars increased 50.5 percent or 55.6 percent on a constant currency basis, as compared to 2021. Crocs brand quarterly revenues of 732.2 million dollars, increased 14.3 percent or 19.4 percent on a constant currency basis, as compared to 2021. Heydude brand...
Aug 4, 2022
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