Articles by Prachi Singh
The RealReal exceeds Q4 outlook but 2025 guidance disappoints investors
The RealReal, an online marketplace for authenticated luxury resale goods, reported better than expected fourth quarter results with GMV of 504 million dollars and total revenue of 164 million dollars increased 12 percent and 14 percent, respectively. The company's adjusted losses per share at 0.01 dollars for the quarter, beat Wall Street’s...
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Ross Stores names William Sheehan future CFO, Orvos to retire in September
Ross Stores executive vice president and chief financial officer Adam Orvos, 60, will retire effective September 30, 2025. "Adam's financial leadership and expertise have been invaluable to our company, contributing significantly to our robust financial standing," stated Jim Conroy, chief executive officer, expressing gratitude on behalf of the...
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Lectra appoints Shamina Bhaidjy as VP of investor relations
Technology solutions provider Lectra has announced the appointment of Shamina Bhaidjy as vice president of investor relations. “We are delighted to welcome Shamina Bhaidjy, whose mission will be to raise the profile of Lectra, one of the most attractive French midcaps on the Paris financial market,” said Daniel Harari, chairman and CEO of...
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Ann Summers pre-tax loss widens to 13.1 million pounds
Lingerie firm Ann Summers pre-tax loss widened to 13.1 million pounds for the year to June 29, 2024 compared to a loss of 3.8 million pounds in the prior year. The last time Ann Summers reported a pre-tax profit was in the year to June 2021 at 6.6 million pounds. Accounts filed with the Companies House show that the Ann Summers and Knickerbox...
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Economic pressures impact Very Group's Q2 revenue, but EBITDA rises
The Very Group's FY25 second quarter results reflected continued economic headwinds, leading to a 4.5 percent revenue decline, totaling 1.17 billion pounds. However, the multi-brand online retailer demonstrated resilience by boosting adjusted EBITDA by 17.4 percent year-on-year to 150.2 million pounds. “As expected, the market in Q2 FY25...
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Versace owner Capri Holdings outlines optimistic financial goals for 2025
For 2025, Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, projects 4.4 billion dollars in total revenue. The projection breaks down to 3 billion dollars from Michael Kors, 810 million dollars from Versace, and 600 million dollars from Jimmy Choo. In preparation for its New York City investor day, the company released optimistic...
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Club L London's strategic expansion fuels record turnover
Luxury womenswear brand Club L London has reported a surge in its turnover to 44 million pounds in 2024, achieving a 51 percent year-on-year growth. “We’ve delivered another strong year of profitable growth while investing heavily in our infrastructure, including our bespoke warehouse and flagship Manchester HQ,” said Katie Randev, founder & CEO...
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Gildan Activewear posts revenue growth, unveils leadership changes
Gildan Activewear capped off its 40th anniversary year with strong financial results, including 3.3 billion dollars in revenue, a 2 percent increase, a 21.3 percent adjusted operating margin, and 17 percent adjusted diluted EPS growth, all in line with guidance. The company also announced executive leadership changes as part of a multi-year...
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Kontoor Brands announces strong Q4 results and Helly Hansen acquisition
Kontoor Brands, parent company of the Wrangler and Lee brands, released preliminary fourth-quarter financial results, revealing a 4 percent year-over-year revenue increase to approximately 699 million dollars. The company also reported an adjusted gross margin of approximately 44.7 percent, a 160 basis point improvement, and an approximate 23...
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Despite positive Q4, Wolverine Worldwide's 2025 guidance disappoints investors
Footwear and apparel giant Wolverine Worldwide met fourth-quarter earnings expectations and narrowly beat revenue forecasts, but its 2025 projections fell short of Wall Street's hopes. As reported by Investing.com, the company posted adjusted earnings per share of 42 cents for the fourth quarter, matching analyst predictions. Revenue reached...
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