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Tag: profit

Zalando’s profit boosted by sports offering, improved inventory

August 6, 2024 No Comments Business , , , ,

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

Ferragamo’s operating profit drops 41% in first half

August 1, 2024 No Comments Business ,

By Reuters Published Aug 1, 2024 Operating profit at Salvatore Ferragamo declined 41% in the first half of the year, as revenues slowed down in all the main regions, the luxury group said on Thursday. See catwalkFerragamo – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Earnings before interest and tax (EBIT) [...]read moreFerragamo’s operating profit drops 41% in first half

Hugo Boss profit undershoots in Q2 as China and UK both disappoint

August 1, 2024 No Comments Business , ,

Hugo Boss disappointed on Thursday with the German upscale fashion giant reporting Q2 operating profit below market expectations. That followed it cutting its full-year sales and earnings forecasts last month due to consumer demand remaining sluggish. Boss Analysts on average had expected it to make €81.9 million in Q2 earnings before interest and tax (EBIT) [...]read moreHugo Boss profit undershoots in Q2 as China and UK both disappoint

Trafford Centre revenue rise comes with pre-tax profit fall

July 31, 2024 No Comments Business , , , ,

Mall operator Trafford Centre Group has filed its accounts for 2023 with revenue surging to almost £100 million but profit plunging. The Trafford Centre The company operates the landmark Trafford Centre in Manchester and its revenue rose from £88.4 million in 2022 to £94.6 million last year. And net rental income rose from £62.9 million [...]read moreTrafford Centre revenue rise comes with pre-tax profit fall

India’s Reliance Industries Q1 profit misses estimates on lower fuel sales margin

July 20, 2024 No Comments Business , , , ,

By Reuters Published Jul 20, 2024 India’s Reliance Industries, a retail-to-telecom conglomerate, reported first-quarter profit on Friday that missed estimates, hurt by lower margins on fuel sales. The billionaire Mukesh Ambani-led company, India’s largest by market value, said its consolidated profit fell to 151.38 billion rupees ($1.81 billion) in the April-to-June quarter, from 160.11 billion [...]read moreIndia’s Reliance Industries Q1 profit misses estimates on lower fuel sales margin

Frasers Group adjusted profit soars in “breakout year”

July 18, 2024 No Comments Business , , ,

Frasers Group was in the news again on Thursday not because of which company it might or might not be buying (as is usually the case), but for the more mundane issue of its financial results. Sports Direct Not that the results themselves were boring. The company reported numbers for the 52 weeks to the [...]read moreFrasers Group adjusted profit soars in “breakout year”

Sosandar has robust FY24, profit growth continues in Q1

July 16, 2024 No Comments Business , ,

The rapid growth story at Sosandar may not be quite as spectacular as it once was given that the company is much bigger than a few years ago. But it’s continuing with the company hailing a “robust” FY24 performance helped by a “continued focus on margin, profitability and cash generation”. But before we look in [...]read moreSosandar has robust FY24, profit growth continues in Q1

Swatch Group profit falls on weak China, strong Swiss franc

July 15, 2024 No Comments Business , , , , , ,

By Bloomberg Published Jul 15, 2024 Swatch Group AG said sales and profit fell sharply amid a China-led slowdown for luxury watchmakers. Swatch The Swiss watchmaking conglomerate, whose brands include Omega, Blancpain and jeweler Harry Winston, reported a 14% drop in sales to 3.45 billion Swiss francs ($3.85 billion) for the first six months of [...]read moreSwatch Group profit falls on weak China, strong Swiss franc

Asics boosts profit estimate on return of the dad sneaker

July 12, 2024 No Comments Business , , ,

By Bloomberg Published Jul 12, 2024 Asics Corp. raised its full-year operating profit forecast by 64% on rising demand for its practical running shoes in Japan and abroad. Asics The company, seller of the Onitsuka Tiger brand, expects record operating profit of ¥95 billion ($596 million) for the year through December, it said Friday. It [...]read moreAsics boosts profit estimate on return of the dad sneaker

Uniqlo owner posts 29% jump in Q3 operating profit, raises forecast

July 12, 2024 No Comments Business , , , , ,

By Reuters Published Jul 12, 2024 Japan’s Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday its third-quarter operating profit surged 29%, buoyed by strong sales at home. Reuters Profit rose to 144.7 billion yen ($894.81 million) in the three months to May 31 from 112.5 billion yen in the year-earlier period. The [...]read moreUniqlo owner posts 29% jump in Q3 operating profit, raises forecast