Tag: Apparel and Textile Products

Birkenstock shares jumped more than 5% in premarket trading Thursday after the German footwear maker raised its full-year guidance alongside third-quarter revenue that topped revenue expectations.

Tapestry said its Coach brand led sales growth for another quarter, while giving a soft outlook for its new fiscal year.

On Holding shares fell sharply after the Swiss sportswear maker’s second-quarter revenue fell short of expectations.

Under Armour on Friday forecast a steeper annual revenue decline, underscoring the challenge ​of reviving growth as cautious consumers rein in spending on athletic apparel ‌amid economic uncertainty in its key North American market.

Shares in French luxury group Hermès International fell over 10% on Wednesday after the company reported first-half diluted earnings per share below analyst expectations, overshadowing a beat in recurring operating income as foreign exchange headwinds weighed on results despite a stronger gross margin.

Shares ‌in Kering surged as much as 11% after flagship brand Gucci delivered better-than-expected quarterly sales, lifting hopes that CEO Luca de Meo’s turnaround efforts are gaining traction even as results from rivals left the market cold.

Deckers Outdoor reported second quarter EPS of $0.94, $0.07 better than the analyst estimate of $0.87. Revenue for the quarter came in at $1.02B versus the consensus estimate of $1.02B.

 Burberry (BRBY.L), said ‌conflict in the Middle East was hurting tourist spending in Europe, sending the British luxury brand’s shares down more than 6% on Friday even though sales in its April-June quarter were strong in the U.S. and China.

London-listed Watches of Switzerland Group (WOSG.L), has held talks in recent months over potential offers to ​take the luxury watch retailer private, said three people close ‌to the matter.

The Japanese owner of clothing brand Uniqlo raised its annual profit forecast on Thursday on strong global sales ‌but warned about the impact of the weak yen at home and heatwaves in Europe.

Levi Strauss beat Wall Street’s quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend.

German fashion brand Hugo Boss on Thursday urged shareholders not to accept a €2 ‌billion ($2.3 billion) takeover offer from Britain’s Frasers Group, saying it was “financially inadequate”.

A Chinese smart-glasses maker founded by an Apple veteran has become a unicorn after a funding round with investors including Meituan and Tencent.

Nike on Tuesday posted quarterly earnings and revenue that topped Wall Street expectations, despite another sales decline in its key China market.

Hugo Boss shares popped around 8% Thursday after its biggest shareholder, Frasers Group announced a 2-billion-euro takeover offer for the German fashion company.

Lululemon’s troubles are far from over. The athletic apparel retailer lowered its full-year guidance and issued a weak current-quarter outlook on Thursday as interim CEO Meghan Frank blamed “negative commentary in the media” and recent product launches that failed to wow shoppers.

PVH Corp came under heavy selling pressure in premarket trading on Thursday, with shares dropping around 22% after investors focused on a more cautious full-year outlook despite a solid first-quarter performance that met or exceeded market expectations.

Zara owner Inditex reported a strong start to summer ‌trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating analyst expectations, even as Iran war inflation worries dent consumer confidence.

Shoppers may be feeling gloomy about high prices at the pump, but they’re still shelling out for new bras and underwear at Victoria’s Secret

American Eagle’s two key brands are moving in different directions.