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英国奢侈品牌Burberry全球裁员1700人
news flash· 2025-05-14 12:49
金十数据5月14日讯,英国奢侈品牌将裁员1700人,约占其全球员工的20%。公司预计,到2027年,组 织变革将额外节省6000万英镑的成本。 英国奢侈品牌Burberry全球裁员1700人 ...
Embattled Burberry announces new turnaround steps even as sales fall less than expected
CNBC· 2025-05-14 06:23
An Equestrian Knight Device logo on a flag outside the Burberry Group Plc luxury boutique in London, UK, on Tuesday, May 13, 2025.Burberry on Wednesday announced a slew of organizational changes, amid continued turnaround efforts at the embattled luxury house.The company said the measures could lead to a "reduction in people-related costs which could impact around 1,700 roles globally" over the lifetime of the program, set to complete in 2027.Burberry sales fell slightly less than expected in the fourth qua ...
INTERIM REPORT OF MARIMEKKO CORPORATION, 1 January–31 March 2025: Marimekko’s net sales in the first quarter grew and operating profit was at a good level
Globenewswire· 2025-05-14 05:00
Core Insights - Marimekko's net sales increased by 5% in Q1 2025, reaching EUR 39.6 million, driven by growth in wholesale sales in Europe and retail sales in Finland [6][10][11] - The company anticipates net sales growth for 2025, with a comparable operating profit margin estimated at 16-19% [3][18] Financial Performance - Net sales for Q1 2025 were EUR 39.6 million, compared to EUR 37.7 million in Q1 2024, marking a 5% increase [5][6] - International sales rose by 14%, contributing to 53% of total net sales [5][11] - Operating profit decreased to EUR 4.3 million from EUR 5.1 million, with a margin of 10.8% [5][12] - EBITDA for Q1 2025 was EUR 6.7 million, down from EUR 7.4 million in the previous year [5] Market Dynamics - Retail sales in Finland grew by 9%, but total net sales in Finland decreased by 3% due to lower non-recurring promotional deliveries [11][12] - The company faced challenges from timing-related factors affecting net sales development, particularly in licensing income [6][22] Strategic Initiatives - Marimekko plans to open approximately 10-15 new stores in Asia in 2025, focusing on international growth [20][21] - The company is enhancing its omnichannel retail network, with new store openings and a franchise partnership in Canada [16][17] Future Outlook - The company expects continued growth in international sales, particularly in the Asia-Pacific region, despite uncertainties in the global economy [19][20] - Fixed costs are projected to rise in 2025, influenced by general cost inflation and increased marketing expenses [23]
TPR Q3 Earnings Top Estimates, Sales Grow Y/Y, FY25 Outlook Raised
ZACKS· 2025-05-09 17:01
Tapestry, Inc. (TPR) reported impressive third-quarter fiscal 2025 results that exceeded the Zacks Consensus Estimate for revenues and earnings.  Also, the top and bottom lines increased year over year. Driven by the fiscal third-quarter results, Tapestry has raised its fiscal 2025 outlook.The company showcased broad-based growth in the fiscal third quarter, with the Coach brand driving momentum through strong consumer engagement, especially among Gen Z and Millennials. Tapestry emphasized global gains, wit ...
Scott+Scott Attorneys at Law LLP Alerts Investors That It Has Begun An Investigation Into Compass Diversified Holdings (NYSE: CODI)
GlobeNewswire News Room· 2025-05-08 22:42
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, is investigating whether Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI) or certain of its officers and directors issued misleading and false statements and/or failed to disclose information material to investors in violation of federal securities laws. CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS POTENTIAL CLASS ACTION Compass owns ...
Superior of panies(SGC) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:02
Financial Data and Key Metrics Changes - The company reported a first quarter net loss per share of $0.05 compared to earnings per diluted share of $0.24 in the prior year period, primarily due to lower gross margins from sales mix changes [8][16] - Consolidated first quarter revenues were down 1% year over year, with a strong balance sheet and net leverage position allowing for a strategic long-term approach to capital allocation [12][17] - Gross margin rate was 36.8% for the first quarter, down from 39.8% in the prior year [14] Business Segment Data and Key Metrics Changes - Branded Products revenue was off less than 1%, with promotional products growing while branded uniform sales declined due to stronger rollouts in the previous year [13] - Healthcare Apparel revenue decreased by 7% year over year, reflecting a decline in Institutional Healthcare Apparel [13] - Contact Center business segment grew revenue by 3%, benefiting from solid retention and growth of existing customers [13] Market Data and Key Metrics Changes - The company noted customer buying hesitancy due to inflation, interest rates, and tariffs, which have slowed decision-making and sourcing challenges [5][6] - The company has a diversified sourcing strategy that mitigates risks associated with high tariffs on products from China [6][9] Company Strategy and Development Direction - The company is focused on strong cost management and has eliminated costs to support profitability as demand normalizes [7][8] - The company plans to invest in growing digital channels and expanding market share in the healthcare apparel segment [11] - The company is actively repurchasing shares, considering it a compelling value, while maintaining significant liquidity for growth [9][17] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for Q2, citing a strong order backlog and customer retention over 90% [10] - The company anticipates revenue for the full year to be in the range of $550 million to $575 million, reflecting a conservative approach due to economic uncertainty [18] - Management emphasized a proven track record of navigating challenging economic times and maintaining a strong position relative to competitors [18] Other Important Information - The company has executed approximately $13 million in annualized savings, primarily within SG&A expenses, to enhance operational efficiency [44][53] - The company ended the first quarter with $20 million in cash and cash equivalents, up from $19 million at the start of the year [16] Q&A Session Summary Question: Discussion on the pipeline in branded products and contact centers - Management highlighted strong pipelines in both segments, with aggressive recruitment and positioning as experts in navigating tariff challenges [21][23] Question: Reduced revenue guidance and conservatism in the second half - Management confirmed a cautious approach while still expecting a ramp-up in the second half, managing costs conservatively [30] Question: Cost perspective on tariffs and price increases - Management indicated the ability to pass on tariff-related costs to customers, with flexibility in pricing strategies [31][32] Question: Impact of tariffs on customer behavior and supply chain disruptions - Management noted that even if tariffs were lifted, it would take time to return to normalcy due to supply chain disruptions [40][43] Question: Insights on SG&A savings and operational efficiencies - Management confirmed that the $13 million in savings would not impact growth and would begin to benefit in the second quarter [44][53] Question: Acquisition opportunities in the current environment - Management is currently conserving cash and not pursuing acquisitions until there is more clarity on tariffs, but sees potential opportunities in the future [55][56]
Superior of panies(SGC) - 2025 Q1 - Earnings Call Presentation
2025-05-08 21:22
INVESTOR PRESENTATION May 2025 Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. Such risks and uncertainties include, but are not limited to the following; our business, operations, customers, suppliers nd employees; general economic conditions in the areas of the United States in which the Company's customers are located; changes in the market where uniforms are worn, where ...
Compared to Estimates, Tapestry (TPR) Q3 Earnings: A Look at Key Metrics
ZACKS· 2025-05-08 14:36
Tapestry (TPR) reported $1.58 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 6.9%. EPS of $1.03 for the same period compares to $0.81 a year ago.The reported revenue represents a surprise of +3.66% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $0.89, the EPS surprise was +15.73%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...
Tapestry(TPR) - 2025 Q3 - Earnings Call Transcript
2025-05-08 13:02
Tapestry (TPR) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Christina Colone - Global Head of Investor RelationsJoanne Crevoiserat - CEOScott Roe - CFO & COOLorraine Hutchinson - Managing DirectorTodd Kahn - CEO & Brand President of CoachMichael Binetti - Senior Managing DirectorBrooke Roach - Vice President - Equity ResearchRick Patel - Managing DirectorDana Telsey - CEO and Chief Research Officer Conference Call Participants Ike Boruchow - Managing Director: Senior Analyst - Retaili ...