• Capri Holdings posts rise in Q2 sales and earnings

    19 days ago - By Fashion United

    Image: Versace SS23
    Capri Holdings Limited reported second quarter revenue of 1.41 billion dollars increased 8.6 percent on a reported basis and 17.5 percent in constant currency.
    Net income for the quarter was 224 million dollars or 1.63 dollars per diluted share, compared to 200 million dollars or 1.30 dollars per diluted share, in the prior year. Adjusted net income was 245 million dollars or 1.79 dollars per diluted share, compared to 235 million dollars or 1.53 dollars per diluted share, in the prior year.
    Commenting on the results, John D. Idol, the company's chairman and CEO, said...
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  • M&S clothing & home category records 14 percent sales growth

    19 days ago - By Fashion United

    Image: Marks & Spencer
    M&S clothing & home category delivered 14 percent sales growth and LFL sales increase of 13.7 percent for the first six months to October 1, 2022. The group's revenue increased 8.5 percent to 5.54 billion pounds.
    The company's first-half pre-tax profit grew 11.3 percent to 208.5 million pounds, while basic earnings per share increased 3.7 percent to 8.5 pence. Adjusted pre-tax profit was 205.5 million pounds, compared to 269.4 million pounds last year and adjusted basic earnings per share were 7.8 pence, compared to 12.1 pence a year earlier.
    M&S said in a release...
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  • Salvatore Ferragamo revenues increase as Europe shines

    19 days ago - By Fashion United

    Bild: Salvatore Ferragamo
    Italian luxury label Salvatore Ferragamo has reported a 17.2 percent increase in revenue in the first nine months of the year as strong sales in Europe offset a weak performance in China.
    The Florence-based brand made revenue of 921 million euros in the period, up from 785 million euros a year earlier. At constant exchange rates, revenue increased 12.7 percent.
    Breaking it down by geography, net sales in Europe surged 37.3 percent to 202.1 million euros, while North America sales jumped 29.6 percent to 276.7, as the markets benefited from shoppers returning to...
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