Deckers Outdoor raised its annual profit forecast after beating first-quarter estimates on Thursday, betting on strong demand for the footwear and apparel firm’s Hoka sneakers […]
Tag: Earnings
Hermès Q2 Sales Rise 13% on Continued Appetite for High-End Luxury
Birkin-bag maker Hermès reported a 13 percent rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even […]
Stock market today: Wall Street slightly lower as airlines post earnings ahead of latest GDP report
Wall Street leaned toward losses before the opening bell Thursday as more earnings poured in while investors waited for the latest data on how the […]
Italian Luxury Group Zegna Posts Flat Organic Revenue
Italian fashion group Ermenegildo Zegna reported broadly flat second quarter organic revenue on Thursday as sales in the United States, Europe and Middle East helped offset […]
Gucci Sales Fall 20 Percent
Kering reported second-quarter sales down 11 percent, dragged down primarily by flagging sales at Italian mega-brand Gucci. Gucci’s sales fell 20 percent in reported terms, […]
Stock market today: Wall Street slides lower in premarket as Big Tech earnings underwhelm investors
Markets on Wall Street logged losses in early trading Wednesday as the tech sector was dragged down by some uninspiring earnings from high-profile companies. Futures […]
LVMH Shares Slump 6% After Missing Q2 Estimates
Shares in French luxury giant LVMH fell more than 6 percent on Wednesday and were on track for their biggest one-day drop since October 2023 […]
Unilever India’s Profit Disappoints on Sluggish Consumer Demand
Hindustan Unilever Ltd. posted an underwhelming quarterly profit weighed down by muted consumer demand during India’s scorching summer season and rising inflation. The Indian unit […]
LVMH Revenue Slip Signals Continued Gloom for Luxury
LVMH’s revenue slipped for the second consecutive quarter amid a market slowdown for luxury goods that even the sector’s leading conglomerate is struggling to shake […]
Interparfums Sales Rise 11%, Renews Van Cleef License
Second-quarter net sales at Interparfums rose 11 percent to $342 million against the same period last year, beating a consensus estimate of $339 million. Its […]