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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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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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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Tapestry Q1 profits drop 84 percent

The company said on Tuesday its Q1 net profit slipped. Revenues decreased by 2 percent from the same period last year. For Q1, the company's net profit was 20 million dollars, decreased from 122 million dollars last year. Revenues dropped to 1,358 million dollars. Compared to 9 percent a year ago, the profit margin of the company dropped to 1...

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Hanesbrands Q2 profits climb 9 percent

Hanesbrands reported its net profit for Q2 increased on Thursday. Revenues grew by 3 percent from the same period last year. For Q2, the company's net profit was 153.9 million dollars, grew from 140.6 million dollars last year. Revenues increased to 1,761 million dollars. Hanesbrands Inc. (NYSE: HBI) was founded in 1901 and is best known for its...

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Ralph Lauren Q1 profits climb 7 percent

Ralph Lauren reported its net profit for Q1 grew on Tuesday. Compared with the same period last year, revenues increased by 3 percent. The company's net profit for Q1 was 117.1 million dollar, climbed from 109 million dollar a year earlier. Revenues climbed to 1,428.8 million dollar. For 50 years, through family of labels such as Ralph Lauren,...

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Salvatore Ferragamo revenue climb 5 percent for H1

Salvatore Ferragamo reported its net profit for H1 grew on Tuesday. Compared with the same period last year, revenues climbed by 5 percent. The company's net profit for H1 was 60 million euros, increased from 59 million euros a year earlier. Furthermore, revenues increased to 705 million euros. Salvatore Ferragamo (BIT: SFER) is an Italian...

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Kering H1 profits grow 23 percent

Kering reported its net profit for H1 increased on Thursday. Compared with the same period last year, revenues surged by 19 percent. The company's net profit for H1 was 1,556.1 million euros, grew from 1,262.2 million euros a year earlier. Furthermore, revenues grew to 7,638.4 million euros. Kering (EPA: KER), previously known as...

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H&M reports lower earnings, revenues increase by 5 percent

Swedish manufacturer and retailer of trendy clothing and accessories, H&M said on Thursday its full year revenues increased by 5 percent, while in local currencies, net sales improved by 3 percent. Profit fell by 21.8 percent from the same period last year. "Against a backdrop of rapid changes in the fashion industry, in 2018 we accelerated our...

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Guess Q2 revenues increase 13.7 percent

American designer and distributor of apparel, denim, handbags, watches, footwear Guess said on Wednesday its Q2 revenue for 2018 rose 13.7 percent, while GAAP net net earnings rose by 67.8 percent from the same period last year. On an adjusted basis, the company's net earnings increased 83.5 percent to 29.5 million dollars. Hover over the graph...

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Christian Dior H1 revenues rise 5 percent

French luxury goods maker Christian Dior said on Tuesday its H1 net profit for 2018 increased 33.6 percent. Revenues rose by 4.8 percent from the same period last year. The company’s net profit for H1 2018 was 1.206 million euros, up from 903 million euros a year earlier. Revenues increased to 21,750 million euros. Profit from recurring...

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LVMH H1 profits rise 41 percent

French retailer of luxury goods LVMH said on Tuesday its Group share of H1 net profit for 2018 increased by 41.2 percent to 3,004 million Euros. Revenues increased by 10.3 percent from the same period last year. For the second quarter, the company's revenues increased by 11 percent Hover over the graph to learn more. The company’s profit from...