By Reuters Published Sep 6, 2024 Fashion and fragrance company Puig posted on Friday a 26% fall in first-half net profit, mostly impacted by the costs of its initial public offering and some recent acquisition deals. Reuters The Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net profit fell to [...]read moreBeauty company Puig’s half-year profit drops 26% following IPO
By Reuters Published Aug 30, 2024 Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in early trading. Birkenstock The company has been opening more stores in newer markets such as India and Japan amid robust global demand [...]read moreBirkenstock misses quarterly profit estimates as expansion plan hits margins
By Reuters Published Aug 30, 2024 Italian luxury group Brunello Cucinelli posted a 19.3% increase in first-half operating profit on Wednesday, reaching 104.6 million euros ($116.4 million), and confirmed its sales guidance for the year. Cucinelli “We completed the 2024 summer sales very successfully, and the winter sales were off to a very good start,” [...]read moreCucinelli’s operating profit rises 19% in first half
By Reuters Published Aug 16, 2024 Chinese e-commerce group JD.com on Thursday reported forecast beating second-quarter profits, helped by price cuts that attracted cost-conscious shoppers to its platform. Shutterstock JD.com’s U.S.-listed shares rose more than 4% in early trading. Major Chinese vendors like JD.com and Alibaba have increased focus on discounts and lower-priced goods as Chinese shoppers [...]read moreChina e-commerce group JD.com beats profit forecasts in second quarter
Tapestry Inc.’s shares rose on 15 August as the maker of handbags and clothing’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears. See catwalkCoach – Spring-Summer2024 – Womenswear – Etats-Unis – New York – © Launchmetrics Adjusted earnings per share were 92 cents a share in the fourth fiscal [...]read moreTapestry quarterly profit beat Wall Street’s view despite sales dip
By Reuters Published Aug 9, 2024 Under Armour posted a surprise first-quarter profit on 8 August on margins boost from selling its sports apparel at full price and lower inventory at a time when consumers get picky with what they spend their dollars on. Under Armour Its shares surged 18% in early trading as the company [...]read moreUnder Armour posts surprise profit on higher margins, leaner inventory
By Reuters Published Aug 7, 2024 Nivea maker Beiersdorf missed expectations for half-year operating profit on Wednesday, and said the luxury market slowdown in China had hit the sales of its La Prairie brand. La Prairie Beiersdorf’s shares fell 4.7% and were at the bottom Germany’s blue-chip index in early trading. Sales of high-end beauty [...]read moreBeiersdorf misses profit forecast, says slow China hit luxury brand sales
By Bloomberg Published Aug 7, 2024 Coupang Inc posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong growth in its core e-commerce business. DR South Korea’s largest online retailer posted a net loss of $77 million for the June quarter, versus an [...]read moreCoupang posts first loss since 2022 as Farfetch saps profit
By Reuters Published Aug 7, 2024 German sportswear maker Puma on Wednesday narrowed its outlook for full-year core profit, sending its shares briefly to 2018 lows, citing higher freight costs, currency headwinds, and continued muted consumer sentiment in China. Reuters Puma, which has launched new marketing initiatives to compete better with bigger rivals like Adidas [...]read morePuma narrows FY core profit outlook
By Reuters Published Aug 6, 2024 Online fashion marketplace Zalando reported an 18.5% rise in its operating profit for the second quarter on Tuesday (6 August), helped by improved inventory and lower order fulfilment costs, as its sports, designer and beauty segments drove growth. Zalando has focused on higher-priced brands and the growing sportswear category, along [...]read moreZalando’s profit boosted by sports offering, improved inventory