Category: Earnings
Golden Goose Reports 13% Revenue Growth in 2024, Driven by Retail Expansion and Direct-to-Consumer Success
Golden Goose continued to grow in 2024, boosted by the strong performance of its retail channel and growth in its main markets, the Europe, Middle East and Africa region, and the U.S. In the 12 months ended Dec. 31, revenues rose 13 percent to 654.6 million euros compared with 587 million euros in 2023. Figures…
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Allbirds CEO Calls 2024 a Year of ‘Operational and Financial Progress’
Shares for Allbirds rose over 5 percent in after-market trading on Tuesday following the company’s latest earnings results. In the fourth quarter of fiscal 2024, the San Francisco-based company reported that net revenue decreased 22.4 percent to $55.9 million compared to $72.0 million in the same period last year. There was also a net loss…
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Journeys’ Business Continues to Improve as Genesco Closes Out 2024 With ‘Strong Finish’
Genesco president, chief executive officer and board chair Mimi Vaughn said on Friday that the company delivered a strong finish to the year with fourth quarter sales and gross margins exceeding expectations. According to the Nashville-based footwear company, total net sales in the fourth quarter of fiscal 2025 increased 1 percent to $746 million compared…
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Foot Locker Says Its Lace Up Plan Is Working as It Closes Fiscal 2024 Above Its Revised Expectations
Foot Locker Inc. said on Wednesday that it delivered fourth quarter results above its previously revised expectations, as the company noted that investments and execution drove positive comparable sales and “meaningful” gross margin improvement compared to the prior year. According to the sneaker retailer, total sales in the fourth quarter of 2024 were $2.24 billion,…
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Birkenstock Reverses Loss, Posts Q1 Sales Gains Following Strong Holiday Season
Birkenstock is starting off the year strong following a successful holiday season. Revenue in the first quarter of fiscal 2025 for the German footwear brand increased 19 percent to 362 million euros, up from 303 million euros the same time last year. Net income in Q1 was 20 million euros, or 11 cents a share,…
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Merrell Makes Gains in Q4 But Shares for Wolverine Worldwide Dip After Soft 2025 Guidance
Shares for Wolverine Worldwide dropped nearly 17 percent by the closing bell on Wednesday following the company’s full year results and 2025 outlook. The Rockford, Mich.-based footwear company said total revenue in the fourth quarter of 2024 was $494.7 million, down 6.1 percent from $526.7 million the same time last year. Ongoing total revenue in…
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Asics North America Delivers Second Straight Year of Profit in 2024 Thanks to Growing Run Specialty Sales
Asics North America wrapped up fiscal 2024 on a high note, delivering its second straight year of profit. According to the Japanese sportswear company, net sales in North America increased 17.8 percent to 135.0 billion yen (approximately $891.8 million) from 114.6 billion yen ($756.9 million) in fiscal 2023. Asics noted the increases were attributed to…
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Crocs Shares Rise as Company Closes 2024 With $4.1 Billion in Revenue
Shares for Crocs Inc. jumped nearly 18 percent on Thursday morning after the shoe company said it closed 2024 on a high note. According to the Broomfield, Colo.-based footwear brand, consolidated revenues in the fourth quarter of fiscal 2024 were $990 million, an increase of 3.1 percent from $960.1 million the same time last year.…
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Skechers Posts Record Sales in 2024, But Misses Forecast
Skechers USA Inc. finished 2024 with record annual sales of $8.97 billion. The Manhattan Beach, Calif.-based footwear company reported net sales in the fourth quarter of fiscal 2024 of $2.21 billion, a 12.8 percent increase from $1.96 billion the same time last year. Net earnings in Q4 were $99.3 million and diluted earnings per share…
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Brooks Says It Was the Top ‘Adult Performance Running Shoe Brand’ in US in 2024, Led Specialty Channel in Q4
Brooks wrapped up 2024 with record global revenue. According to the Seattle-based performance running brand, reported revenue was up 9 percent year-over-year, fueled by growth in every region and channel. This outcome marked eight consecutive years of growth for the running brand, which delivered a 13 percent compound annual growth rate over that horizon. Brooks…
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