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 […]
Tag: Earnings
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 […]
Aritzia Sales Beat Estimates on New Styles
Aritzia Inc. reported higher-than-expected sales growth as the clothing retailer adds new clothing styles and opens new store locations. The Vancouver-based company reported revenue of […]
Cucinelli Stock Slide Hints at Tough Results Season
Markets’ downbeat reaction to Brunello Cucinelli SpA’s solid second-quarter earnings is an ominous sign for Europe’s luxury goods companies, which likely face a tough slog […]
Nike Posts Surprise Quarterly Revenue Drop on Choppy Demand
Nike reported a surprise drop in fourth-quarter revenue on Thursday, as the sportswear maker struggled with low demand for its apparel and footwear amid rising […]