The American footwear company reported slight increases in sales and earnings per share for the third quarter on Monday, but trimmed its full-year outlook for fiscal 2019 to reflect the impact of new tariffs.
Capri Holdings faced some challenges in Q2 but the company is upbeat about the prospects for its trio of power brands as Versace gains traction, Michael Kors returns to positive comparable sales and Jimmy Choo expands.
Clarks is continuing to struggle with the company’s 2018/19 results release showing that UK and Irish sales fell by as much as £36.7m to £561.1m in the year to February, while Europe and US shop sales were also weak.
Google parent Alphabet Inc missed analysts' estimates for quarterly profit on Monday as it reported its highest-ever quarterly expenses, sending shares down about 1.7% even though revenue growth topped expectations.
Up-for-sale Australian brand RM Williams’ earnings are forecast to more than triple by 2024 said investment bank Goldman Sachs in a pitch sent out to attract interest from potential trade and private equity buyers.
Vera Bradley’s recently acquired jewelry brand contributed $5.4 million in sales to the company’s revenues in Q2, while charges related to its purchase ate into the Fort Wayne, Indiana-based accessories group’s income.
Chico’s FAS’ Soma brand posted a double-digit increase in comparable sales in the second quarter, as the Fort Myers, Florida-based apparel retail group reported falling sales and a net loss for the three-month period.