Financial Update news and archive

Shoe Zone FY18 revenues rise 1.8 percent

British family footwear retailer Shoe Zone said on Wednesday its revenue for 2018 increased by 1.8 percent. In a preliminary results announcement, the company added that profit before tax increased by 18.4 percent from the same period last year. The company’s sales in 2018 were 160.6 million pounds, up from 157.8 million pounds a year earlier,...

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Nike Q2 earnings rise 13 percent driven by double-digit revenue growth

American retailer of athletic footwear, sportswear, equipment and accessories Nike said on Thursday its Q2 revenue for 2018 increased by 10 percent or 14 percent on currency neutral. The company said, this double-digit revenue growth was driven by strategic execution of the Consumer Direct Offense across all dimensions of the portfolio globally....

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Tailored Brands Q3 revenues rise marginally

American men's suits and men's formal wear Tailored Brands said on Wednesday its Q3 revenue for 2018 increased marginally by 0.2 percent. Profit dropped by 62.5 percent from the same period last year. The company’s sales in Q3 2018 were 812.7 million dollars, up from 810.8 million dollars a year earlier. Net profit fell to 13.8 million dollars....

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American Eagle Outfitters Q3 revenues rise 5 percent

American retailer of clothing and accessories American Eagle Outfitters said on Tuesday its Q3 revenue for 2018 rose by 5 percent. Profit increased by 32.8 percent from the same period last year. The company’s sales in Q3 2018 were 1,004 million US dollars, up from 960 million US dollars a year earlier. Net profit increased to 85 million US...

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Lululemon Q3 revenues rise 21 percent

Canadian athletic apparel maker Lululemon said on Thursday its Q3 revenue for 2018 increased by 21 percent or 22 percent on constant currency basis, while total comparable sales rose 17 percent or 18 percent on constant dollar basis. Net income increased by 59.3 percent from the same period last year. Diluted earnings per share were 71 cents...

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Rocket Internet nine months revenues increase 17 percent

German incubator and investor in internet and technology companies Rocket Internet said on Friday its nine months revenue for 2018 increased by 17 percent. Profit increased to 296 million euros from loss of 44 million euros in the same period last year resulting in earnings per share of 1.88 euros. The company’s sales in nine months 2018 were 32...

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PVH Q3 revenues jump 7 percent, raises full year outlook

American apparel retailer PVH said on Thursday its Q3 revenue for 2018 rose by 7 percent or 9 percent on constant currency basis to 2.5 billion US Dollars. Earnings per share on GAAP basis were 3.15 US Dollars and on non-GAAP basis were 3.21 US Dollars compared to 3.05 and 3.02 US Dollars respectively in the same quarter last year. The company’s...

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Abercrombie & Fitch: Q3 revenues up, names Kristin Scott President of Global Brands

American retailer of smart clothing and accessories Abercrombie & Fitch said on Thursday its Q3 revenue for 2018 rose marginally, while comparable sales increased by 3 percent on top of 4 percent growth same quarter last year. GAAP net income per diluted share was 35 cents compared to 15 cents last year, while non-GAAP diluted net income per...

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Guess Q3 revenues increase 10.3 percent

American designer and distributor of apparel, denim, handbags, watches and footwear, Guess said on Wednesday its Q3 revenue for 2018 increased by 10.3. Net loss for the period was 13.4 million US Dollars compared to 2.9 million US Dollars from the same period last year, while adjusted net earnings increased by 1.6 percent to 10.6 million US...

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Dick's Sporting Goods Q3 revenues decline 4.5 percent

American sporting goods retailer Dick's Sporting Goods said on Wednesday its Q3 revenue for 2018 slid by 4.5 percent, while net income for the period was 37.8 million US Dollars or 0.39 cents per share compared to 36.9 million US Dollars or 0.35 cents in the same period last year. The company’s sales in Q3 2018 were 1.86 billion US dollars, down...

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Chico's Q3 revenues drop 6.1 percent

American women's clothing retailer Chico's said on Wednesday its Q3 revenue for 2018 dropped by 6.1 percent. Net income slid to 6.5 million US Dollars from the same period last year. The company’s sales in Q3 2018 were 499.9 million US dollars, down from 532.3 million US dollars a year earlier. The profit margin of the company declined to 1.3...

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Foot Locker Q3 revenues decline but profits surge

American athletic-shoe retailer Foot Locker said on Tuesday its Q3 revenue for 2018 fell, while net income rose by 27.5 percent from the same period last year. The company’s sales in Q3 2018 were 1,860 million US dollars, down from 1,870 million US dollars a year earlier. Net profit rose to 130 million US dollars. The profit margin of the...