Financial Update news and archive

Dr. Martens shares fall after flat revenue forecast for 2026

Shares in British shoemaker Dr. Martens fell by almost 12 percent on the London Stock Exchange on Tuesday. This followed the publication of a company report on the same day, signed by CEO Ije Nwokorie. He states that revenue for fiscal year 2026 will likely remain stable. This is not good news, considering the declining performance over the past...

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Torrid reports lower than expected sales for Q3

Torrid Holdings Inc. reported a net sales decline of 4.2 percent to 263.8 million dollars for its third quarter compared to 275.4 million dollars reported for the same period last year. Comparable sales dropped 6.5 percent during the 12 weeks to November 2, 2024 reported the direct-to-consumer plus-sized apparel, intimates, and accessories brand...

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PVH Corp. reports better than predicted revenue for Q3 as turnaround plan continues

New York-based fashion giant PVH Corp. reported that revenue declined less than expected during its third quarter for 2024, dropping 5 percent to 2.255 billion dollars compared to the same period the year prior. The company, which owns iconic fashion brands such as Calvin Klein and Tommy Hilfiger, added that it outperformed its earlier...

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AEO Inc. reports growth across all brands for Q3

AEO Inc. reported an increase of 3 percent in total comparable sales for its third quarter, following a 5 percent growth in comparable sales during the same period last year, highlighting the success of the company’s profitable growth plan. The parent company of American Eagle and Aerie, AEO Inc., reported a 1 percent decline in total net...

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AEO Inc. reports growth across all brands for Q3

AEO Inc. reported an increase of 3 percent in total comparable sales for its third quarter, following a 5 percent growth in comparable sales during the same period last year, highlighting the success of the company’s profitable growth plan. The parent company of American Eagle and Aerie, AEO Inc., reported a 1 percent decline in total net...

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PVH Corp. reports better than predicted revenue for Q3 as turnaround plan continues

New York-based fashion giant PVH Corp. reported that revenue declined less than expected during its third quarter for 2024, dropping 5 percent to 2.255 billion dollars compared to the same period the year prior. The company, which owns iconic fashion brands such as Calvin Klein and Tommy Hilfiger, added that it outperformed its earlier...

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Richemont revenue increase 9 percent for H1

Richemont reported its net profit for H1 dropped on Thursday. Revenues increased by 9 percent from the same period last year. The company's net profit for H1 was 869 million euros, down from 2,253 million euros a year earlier. Furthermore, revenues climbed to 7,397 million euros. Compared to 33 percent a year ago, the profit margin of the...

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Ralph Lauren Q2 profits increase 7 percent

Ralph Lauren Corporation said on Thursday its Q2 net profit surged. Revenues grew by 1 percent from the same period last year. The company's net profit for Q2 was 182 million dollars, surged from 170 million dollars a year earlier. Furthermore, revenues increased to 1,706 million dollars. For 50 years, through family of labels such as Ralph...

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Capri Holdings Q2 profits drop 47 percent

The company said on Wednesday its Q2 net profit dropped. Compared with the same period last year, revenues increased by 15 percent. The company's net profit for Q2 was 73 million dollars, dropped from 137 million dollars a year earlier. Revenues climbed to 1,442 million dollars. Compared to 11 percent a year ago, the profit margin of the company...

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M&S revenues slip 2 percent for H1

M&S reported its net profit for H1 slipped on Wednesday. Revenues slipped by 2 percent from the same period last year. The company's pre-tax profit for H1 was 177 million pounds, down from 213 million pounds a year earlier. Revenues dropped to 4,861 million pounds. As of 2019, M&S has more than 81,000 employees and operates over 1,000 stores....

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Tom Tailor revenues decrease 8 percent for FY18

The company said on Wednesday its FY18 net profit decreased. Compared with the same period last year, revenues also slipped by 8 percent. For FY18, the company's net profit was 490 million euros, dropped from 538 million euros last year. Furthermore, revenues dropped to 844 million euros. Compared to 58 percent a year ago, the profit margin of...

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Adidas Q3 profits drop 2 percent

Adidas Ag said on Wednesday its Q3 net profit decreased. Revenues increased by 9 percent from the same period last year. The company's net profit for Q3 was 644 million euros, down from 656 million euros a year earlier. Revenues climbed to 6,410 million euros. The profit margin of the company decreased to 10 percent compared to 11 percent a year...

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