By
Reuters
Published
Aug 1, 2024
Operating profit at Salvatore Ferragamo declined 41% in the first half of the year, as revenues slowed down in all the main regions, the luxury group said on Thursday.
Earnings before interest and tax (EBIT) came in at 28 million euros ($30.2 million) in the first half, beating analysts expectations of a drop to 20 million euros, according to a consensus cited by Italian broker Equita.
Revenues at the leather group fell 6% at constant exchange rates in the second quarter. “Our aggregate financial results in the second quarter were significantly impacted by the challenging consumer environment, especially in Asia Pacific, which offset the positive trends in the rest of the world”, Chief Executive Marco Gobbetti said in a statement.
© Thomson Reuters 2024 All rights reserved.
By Bloomberg Published September 20, 2024 Skechers U.S.A. Inc. shares are delivering their worst daily performance since the coronavirus pandemic
By Reuters Published September 20, 2024 Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Do
Published September 19, 2024 Science and fashion are not natural allies. The rigor of the first often clashing with the fantasy of the latter, but
Published September 19, 2024 Footasylum is to upsize its flagship store at the Merry Hill mall with the shoe and streetwear retailer set to triple