Mytheresa continues to be a stable presence in online luxury amid a sectorwide slowdown. The German e-tailer’s sales grew 8 percent to €202 million ($214 …
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Profit
Coty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows
Coty on Wednesday said it expects annual profit to come in at the low end of its forecast, as weak demand for beauty products in …
Hugo Boss Says It Won’t Reach 2025 Revenue, Profit Targets
Hugo Boss on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn’t reach its revenue and profit growth targets for …
Next Raises Outlook Again With Profit Set to Top £1 Billion
Next Plc raised its profit guidance for the third time this fiscal year on strong sales, even as British consumer confidence weakens ahead of expected …
Adidas Lifts Profit Target Again Amid Retro Sneaker Demand
Adidas raised its annual profit target for the third quarter in a row amid the sustained boom for retro sneakers like the Samba and more …
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
Vans parent VF Corp opens new tab turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday, benefiting from sequential improvement …
Kering Warns on Profit as Sales Fall 16%
Kering’s third-quarter sales fell 16 percent on a comparable basis to €3.78 billion ($4.08 billion) as a market-wide slowdown pounded the French group. Gucci, Saint …
THG Forecasts Slower Growth After Profit Misses Estimates
THG Plc warned that profitability missed analysts’ estimates and forecast sales growth will decelerate this year amid record commodity prices and continued uncertainty from the …
H&M Says It Will Miss Profit Target After Cold June Weather
Hennes & Mauritz AB shares dropped after the Swedish clothing retailer said it’s unlikely to hit a key profit target this year following a washed-out …
Coty Posts Surprise Profit as Beauty Product Sales Recover
NEW YORK, United States — Coty Inc posted a surprise quarterly profit on Friday as demand for its beauty products and fragrances recovered from lockdown lows …
Next Ups Profit Guidance on International Growth
Next has said international tastes in fashion are “converging” as tech platforms expose consumers to international trends, boosting the retailer’s overseas sales and helping it …
Puig Reports 26% Drop in Profit on IPO Costs
Luxury beauty and fashion company Puig reported a steep drop in its first reported earnings as a listed company on Friday, citing costs related to its …
Kohl’s Profit Gets a Lift From Cost Controls, Leaner Inventories
Kohl’s raised its annual profit forecast after topping second-quarter earnings, as the US department store operator benefited from a tight leash on costs and leaner …
Worldview: PDD Takes $55 Billion Share Hit After Warning of ‘Inevitable’ Profit Decline
🇨🇳 PDD takes $55 billion share hit after warning of ‘inevitable’ profit decline. The owner of e-commerce apps Pinduoduo and Temu has warned of a …
TJ Maxx Parent Raises Annual Profit Forecast After Strong Second Quarter
Off-price retailer TJX Cos raised annual profit forecast after quarterly results beat estimates on Wednesday, banking on gains from easing costs and strong demand for its …
Tapestry Gains as Quarterly Profit Beats Wall Street’s View
Tapestry Inc.’s shares rose as the maker of handbags and clothing’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears. …
Ralph Lauren Beats Profit Estimates on Stable Demand in Europe, China
Ralph Lauren Corp beat first-quarter profit estimates as steady demand for its pricey denims and polo shirts in Europe and China offset slower sales in …
Coupang Posts First Loss Since 2022 as Farfetch Deal Saps Profit
Coupang Inc. posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong growth in …
Ferragamo’s Operating Profit Drops 41% in First Half
Operating profit at Salvatore Ferragamo declined 41 percent in the first half of the year, as revenues slowed down in all the main regions, the luxury …
Hugo Boss Confirms 42% Drop in Q2 Operating Profit
Hugo Boss confirmed the 42 percent drop in its second-quarter operating profit on Thursday, two weeks after the German fashion house slashed its annual forecasts …