World consumption of private luxurious items will proceed to rebound strongly this yr, and is predicted to surge by 22% to 353 billion euros
Writer | Zhou Huining
After the violent turmoil within the first half of the yr, cracks appeared on the prime of the initially strong pyramid of the posh vogue business.
Hermes, which has a balanced product matrix, has turn out to be the fastest-growing large in a single fell swoop. Within the third quarter, its gross sales rose by 32.5% to three.136 billion euros, and its income within the first three quarters elevated to greater than 8.6 billion euros. This yr, it’s going to exceed 10 billion. Off, a document excessive.
Sitting on Louis Vuitton and Dior’s two aces, the LVMH vogue leather-based items division carried out steadily. Within the third quarter, natural income rose by 22% to 9.687 billion euros. Kaiyun Group is present process modifications inside the group, and Gucci is the worst performing model, with income natural income development of solely 9%, which is not so good as Saint Laurent and Bottega Veneta’s natural income development of 30% and 14%.
Though gross sales of Cartier’s mother or father firm Richemont Group within the first half of the fiscal yr rose 24% year-on-year to 9.676 billion euros, working revenue rose 26% to 2.723 billion euros, and all companies and channels achieved double-digit development. Activist buyers see its inner enterprise as lifeless and in dire want of adjustment. In August this yr, Richemont Group introduced that it could cede the lagging YNAP enterprise to Farfetch.
Ferragamo and Tod’s are at a brand new crossroads. The previous modified its identify and launched a brand new LOGO below the management of CEO Marco Gobbetti and 26-year-old new inventive director Maximiliam Davis. Within the 9 months ended September 30, Ferragamo gross sales rose 17.2% year-on-year to 921 million euros, and internet revenue rose 69.2% to 67 million euros.
The privatization plan of Tod’s Group resulted in failure. Tabor Asset Administration, an American hedge fund that holds 0.4% of the frequent inventory of the group, believes that the privatization value of 40 euros per share proposed by the founding household is simply too low, and the acquisition value per share needs to be no less than round 64 euros. Within the first 9 months of this yr, Tod’s group income rose 16.4% year-on-year to 724.9 million euros, exceeding analyst expectations.
The British luxurious model Burberry appears to be ushering in a turning level after appointing the “explosive type maker” Daniel Lee as its new inventive director. Chief govt Jonanthan Akeroyd revealed on the newest monetary report convention that his aim is to make Burberry a luxurious model with annual income of 5 billion kilos.Since saying the appointment of the brand new inventive director, Burberry’s share value has elevated by 18%, and its newest market worth is 8.1 billion kilos.
Within the sportswear section, Nike is making an attempt to maintain its prime spot. Interbrand just lately introduced the 100 best-performing manufacturers within the 2022 rating of the world’s finest manufacturers. Nike is the one vogue model to enter the highest ten, and its model worth has soared by 18% to US$50.289 billion.
Adidas has fallen from the altar. Final month, adidas resolutely terminated the contract with Ye ZY, the private model YEEZY that consistently sparked new controversies, and is at the moment conducting in-depth investigations into the accusations made by former workers towards Ye. The model additionally introduced that Bjorn Gulden, who has been in control of Puma for practically 10 years, is the brand new CEO candidate, and the appointment will take impact on January 1 subsequent yr.
The prospect of lululemon continues to be filled with potential. In a report, JPMorgan Chase raised the goal value of lululemon from $396 to $464 and maintained an chubby ranking. Lululemon additionally up to date its earnings steering for the third quarter, anticipating earnings per share to be between US$1.9 and US$1.95, and income expectations had been additionally raised to US$1.78 billion to US$1.8 billion, all exceeding market consensus expectations.
Within the area of quick vogue, Zara’s high-end technique has taken impact. Whereas persevering with the co-branding technique, high-end sequence merchandise resembling Zara Studio have additionally acquired constructive market responses. On September 26, Zara additionally launched a jewellery sequence created in collaboration with French designer Elie Prime.
H&M continues to be struggling, persevering with to manage prices by closing underperforming shops. Within the first 9 months as much as August 31, H&M gross sales rose 13% to 161.12 billion Swedish kronor, and the after-tax revenue decreased from 6.38 billion Swedish kronor to five.77 billion Swedish kronor.
Uniqlo is accelerating its deployment within the Chinese language and American markets, and its annual income as of the tip of August is approaching 2 trillion yen. At current, the overall variety of Uniqlo shops in China has surpassed that of Japan, and the model management plans to open 20 extra shops in China, and hopes to take care of the variety of shops opened yearly. The mother or father firm Quick Retailing Group said earlier that Uniqlo will document annual revenue for the primary time this yr after getting into the North American market 17 years in the past.
Hole, Abercrombie&Fitch and different mass attire teams are deeply within the throes of transformation. With a view to stimulate efficiency development, American attire retail group Hole has formally settled in Amazon. Earlier this month, it additionally bought the Hole model in China to Baozun, a Chinese language e-commerce large, at a value of 40 million US {dollars} or 290 million yuan.
The pinnacle competitors within the magnificence business is changing into increasingly more stalemate. L’Oreal GroupThe high-end cosmetics division just lately established a brand new luxurious perfume model division. Sandrine Groslier, the individual in cost, stated that the aim of the group’s institution of the brand new division is to allow its fragrance manufacturers to realize extra secure and sustainable development within the context of the rise of the worldwide perfume business.
Estee Lauder received the bidding with Kering Group and acquired the American designer model TOM FORD for US$2.8 billion, which has attracted the eye of the business. The deal is predicted to shut within the first half of 2023, making it the most important deal within the luxurious business this yr.
After the transaction is accomplished, Marcolin, the Italian group that owns the authorization of TOM FORD glasses, can pay Estee Lauder 250 million US {dollars}. Italian males’s put on group Zegna Zegna introduced that it has signed a long-term licensing settlement with Estee Lauder Group for TOM FORD model vogue.
Some analysts identified that Tom Ford’s determination to promote the corporate to a magnificence large relatively than a prime luxurious items group stays to be seen whether or not it has established a brand new market development. Tom Ford himself will depart the model after subsequent yr, and whether or not the model that has misplaced the aura of the founder can keep its consideration can be an enormous problem.
The constructive sign is that because the world slowly returns to regular, it’s only a matter of time earlier than the posh business recovers.
Francesca Diviccaro, director of retail and luxurious items at Intesa Sanpaolo Financial institution, believes that demand continues to be robust this yr, however it’s anticipated to proceed to decelerate within the fourth quarter, and the expansion price of the Chinese language market subsequent yr is more likely to sluggish to single digits.
The most recent joint Bain and Altagamma report predicts that in 2022, international private luxurious consumption will nonetheless obtain a powerful rebound below the macroeconomic scenario, and is predicted to rise by 22% year-on-year to 353 billion euros, a lot larger than the 1900 a yr in the past billion euros, no less than 95% of brand name gross sales will document development.
Bain associate Federica Levato stated bluntly that 2022 shall be one other record-breaking yr for the posh business. The monetary disaster primarily impacts the underside of the pyramid, not luxurious shoppers.
A examine by Kantar Insights, a advertising information evaluation professional, and Altiant, a analysis firm, exhibits that the posh business will usher within the return of high-end clients. 35% of the respondents plan to extend the acquisition of high-end ready-to-wear, and 34% say they’ll purchase For leather-based items and purses, 30%, 25% and 24% plan to purchase jewellery, equipment and watches.
The survey object of this report is eighteen to 60 years outdated with the best annual earnings in the US, China, Germany, France, Italy, and the UK, 4 European nations with the best annual incomeaged shoppers, they purchased no less than one luxurious merchandise up to now yr, and spent a median of US$43,000 or about RMB 300,000 on high-end consumption this yr. Amongst them, Chinese language shoppers nonetheless have a powerful need for luxurious items, 39% Respondents stated they might improve luxurious purchases.
In keeping with a report collectively launched by Boston Consulting Group and the posh resale platform Vestiaire Collective, because the affect of the second-hand vogue and luxurious items market continues to rise, the worth of the worldwide clothes, footwear and equipment resale market is 100 billion Between 120 billion US {dollars}, which is greater than 3 times that of 2020, accounting for 3% to five% of the complete attire business, and is predicted to develop to 40% sooner or later, primarily pushed by millennials and Era Z shoppers.
The Scorching or Cool Institute and Speedy Transition Alliance in Europe, that are dedicated to selling international sustainable growth, identified in a report that by 2030, rich shoppers in nations resembling the UK, the US, and Japan ought to solely purchase 5 new merchandise per yr on common. vogue garments to assist the worldwide combat towards local weather warming. The report additionally discovered that, on common, the richest 20% of shoppers emit 20 instances extra vogue consumption than the poorest 20%.
The luxurious business with the “Veblen impact” continues to be going uphill, however the street will turn out to be steeper.
The next is the monetary report for the primary half of 2022 based mostly on the info of Style Enterprise Specific, masking luxurious manufacturers, gentle luxurious, quick vogue, sports activities manufacturers, jewellery manufacturers, e-commerce platforms and wonder teams.
LVMH (MC.PA)
The inventory value has fallen by practically 4% for the reason that starting of this yr, and the present market worth is about 353.3 billion euros
Within the third quarter ended September 30, LVMH’s natural income, which owns greater than 75 luxurious vogue manufacturers, rose 19% year-on-year to 19.755 billion euros, exceeding the 13% development price anticipated by analysts. Within the first 9 months Natural income additionally recorded a 20% improve to 56.5 billion euros, and the natural income of the style leather-based items division the place Louis Vuitton and Dior are positioned within the third quarter rose 22% to 9.687 billion euros.
Kering Group (KER.PA)
The share value has fallen by 23% for the reason that starting of this yr, and the present market worth is about 68.6 billion euros
Kaiyun Group’s income within the third quarter rose 23% year-on-year to five.137 billion euros, natural income elevated by 14%, core model Gucci’s gross sales elevated by 18% to 2.581 billion euros, and natural income elevated by 9%, which was not so good as analysts anticipated. On a comparable foundation, Gucci Direct retail channel gross sales elevated by 9%, and wholesale enterprise additionally recorded a 2% improve.
Hermes (RMS.PA)
The share value has fallen by practically 4% this yr, and the present market worth is about 157.3 billion euros
Within the three months ended September 30, Hermes gross sales rose 32.5% year-on-year to three.136 billion euros, a rise of 24% at a continuing trade price, and income within the first three quarters additionally rose 30% to 86.11 billion euros, and all companies achieved robust development. The income of the leather-based items and harness division, the place the platinum bag is positioned, soared 21% to 1.305 billion euros, primarily because of the robust rebound in Larger China and the continued demand of shoppers.
Richemont Group (CFR.SWX)
The inventory value has fallen by 12% for the reason that starting of this yr, and the present market worth is about 60.5 billion Swiss francs
Within the first half of the fiscal yr ended September 30, the gross sales of Cartier’s mother or father firm, Richemont Group, rose 24% year-on-year to 9.676 billion euros, and working revenue rose 26% to 2.723 billion euros. All companies and channels achieved Double digit development. By area, the Asia-Pacific market grew by 3% year-on-year, however the enterprise in China nonetheless recorded a double-digit decline, which was primarily affected by the failure of some shops to function usually as a result of repeated epidemics.
Prada (1913.HKG)
The inventory value has fallen by 16% for the reason that starting of this yr, and the present market worth is about 103.1 billion Hong Kong {dollars}
Though the Prada Group is not going to announce the efficiency information of the third quarter individually, it is rather doubtless that it’ll observe the tempo of double-digit development of head giants resembling LVMH. Information present that within the six months ended June 30, Prada Group’s gross sales rose 22.5% year-on-year to 1.9 billion euros, internet revenue soared 93.6% to 188 million euros, and gross revenue margin rose from 74.3% to 77.7%. , The worth-earnings ratio is 40.23 instances.
Burberry (BRBY.LON)
The inventory value has risen by 13% this yr and the present market worth is about 8.1 billion kilos
Within the six months ended October 1, Burberry’s income rose 11% year-on-year to 1.345 billion kilos, and its working revenue additionally rose 21% to 238 million kilos. The gross sales of Lola purses drove the leather-based items enterprise to rise 11% . Divided by area, Burberry’s comparable gross sales within the Asia-Pacific market the place China is positioned fell by 4%, however within the second quarter, it elevated by 11% below the stimulation of South Korea and Japan, whereas the enterprise within the Americas fell by 3%, and the enterprise in Europe, the Center East and Africa rose by 34%%.
Ferragamo (SFER.MI)
The inventory value has fallen by 27% for the reason that starting of this yr, and the present market worth is about 2.8 billion euros
Within the 9 months ended September 30, Ferragamo’s gross sales rose 17.2% year-on-year to 921 million euros, a rise of 12.7% at a continuing trade price, gross revenue margin elevated to 71.9%, and internet revenue rose 69.2% to 67 million euros. By area, the group’s gross sales within the Asia-Pacific market elevated by 2.1%, the Japanese enterprise rose by 19.9%, the EMEA area rose by 37.3%, the North American market additionally recorded a powerful efficiency of 29.6%, and the gross sales in Central Africa and South Africa rose sharply 37%.
Tod’s Group (TOD.MI)
The inventory value has fallen by 31% for the reason that starting of this yr, and the present market worth is about 1.1 billion euros
Tod’s Group’s income within the first 9 months rose 16.4% year-on-year to 724.9 million euros, exceeding analysts’ expectations, and was optimistic in regards to the efficiency of the total yr in 2022. It’s value noting that the privatization proposed by the Tod’s Group earlier this yr failed with out adequate help, however chief monetary officer Emilio Macellari stated that the founder household of the group, Della Valles, continues to be contemplating an exit by merging Tod’s right into a household holding firm. metropolis.
ZGN.NYSE
The inventory value has fallen by practically 1% this yr, and the present market worth is about 2.7 billion US {dollars}
Within the three months ended September 30, Zegna Group’s income rose 27.5% year-on-year to 357 million euros, and gross sales within the first 9 months rose practically 23% to 1.09 billion euros. Divided by model, gross sales of the core model Zegna rose 27.2% to 289 million euros, and Thom Browne income rose 29.5% to 69 million euros.
Brunello Cucinelli (BC.MI)
The inventory value has not modified considerably this yr, and the present market worth is about 4.2 billion euros
Within the 9 months ended September 30, Brunello Cucinelli’s income rose 27.7% year-on-year to 502 million euros, of which gross sales within the Italian residence market rose 10.2% to 70.8 million euros, and different components of Europe rose 21.6% to 502 million euros. 151 million euros, the US market rose 45% to 161 million euros, and the Asian market the place China is positioned additionally rose 22.6percentto 119 million euros. Given the constructive development momentum, Brunello Cucinelli expects development of round 25% for the total yr 2022.
Moncler (MONC.MI)
The inventory value has fallen by 25% for the reason that starting of this yr, and the present market worth is about 13.3 billion euros
Moncler’s gross sales within the third quarter rose by 12% to 638 million euros, a 50% improve in contrast with 2019, driving the income within the first 9 months to rise by 32% to 1.177 billion euros, which was additionally achieved two years in the past Sturdy development of 57%. Divided by model, gross sales of the primary 9 months of the Moncler model soared by 21% to 1.252 billion euros, and Stone Island income elevated by 8% to 110 million euros.
Canada Goose (GOOS.TSE)
The share value has fallen by 49% this yr, and the present market worth is about 2.5 billion Canadian {dollars}
Within the second quarter of the 2023 fiscal yr ending October 2, Canada Goose’s whole income rose 19% year-on-year to 277 million Canadian {dollars}, which was higher than anticipated, and rose 22.3% at fixed trade charges. The monetary report exhibits that due to the early completion of orders and the rise so as worth, Canada Goose’s procurement enterprise rose by 21.2% throughout the interval, and the direct gross sales enterprise additionally achieved a powerful development of 15.6%.
Tapestry (TPR.NYSE)
The share value has fallen by 9% for the reason that starting of this yr, and the present market worth is about 8.9 billion US {dollars}
Within the three months ended October 1, the gross sales of Coach mother or father firm Tapestry Group elevated by 1.7% year-on-year to US$1.5 billion, the gross revenue margin fell from 72.2% to 70%, and the online revenue fell by 14% to 195 million Greenback. By model, Coach’s gross sales had been virtually flat with the identical interval final yr, recording US$1.119 billion, of which China’s gross sales fell 13.6% year-on-year; Kate Spade’s gross sales elevated by 7.5%, whereas Stuart Weitzman’s gross sales fell by 1.8%.
Capri (CPRI.NYSE)
The inventory value has fallen by 19% this yr, and the present market worth is about 6.9 billion US {dollars}
Within the three months ended October 1, Capri Group’s gross sales elevated by 8.6% year-on-year to US$1.41 billion, a 17.5% improve in fixed trade charges, a gross revenue margin of 67.4%, and a internet revenue improve of 12% to 2.24 100 million U.S. {dollars}. By model, gross sales of Versace increasedSales of Jimmy Choo elevated by 9.2% to US$308 million, gross sales of Jimmy Choo elevated by 3.6% to US$142 million, and gross sales of Michael Kors elevated by 9.2% to US$962 million.
Samsonite (1910.HKG)
The inventory value has risen by 21% this yr and the present market worth is about 27.2 billion Hong Kong {dollars}
Within the three months ended September 30, the gross sales of Samsonite, a luxurious baggage group, soared 42% year-on-year to US$791 million, with a gross revenue margin of 55% and a internet revenue of US$58.2 million, a year-on-year improve of US$58.2 million. The lack of US$5.2 million in the identical interval improved considerably, primarily because of the gradual restoration of worldwide tourism. Within the first 9 months, Samsonite’s gross sales rose 51.9% to US$2.061 billion, with a internet revenue of US$114.5 million, in contrast with a lack of about US$148 million in the identical interval final yr.
Hugo Boss (BOSS.DE)
The inventory value has fallen by 1.25% for the reason that starting of this yr, and the present market worth is about 3.6 billion euros
Hugo Boss gross sales within the third quarter rose by 18% year-on-year to 933 million euros, a document excessive, and likewise elevated by 25% in contrast with the identical interval in 2019. Amongst them, the Hugo and Boss manufacturers are bought in all areas and channels around the globe achieved double-digit development. Benefiting from the constructive growth, the group expects full-year gross sales development of 25% to 30% to between 3.5 billion and three.6 billion euros, and earnings earlier than curiosity and taxes to extend by 35% to 45% to 310 million to 330 million euros. billion euros.
Ralph Lauren（RL.NYSE）
The share value has fallen by 11% this yr, and the present market worth is about 7 billion US {dollars}
Within the three months ended October 1, Ralph Lauren’s gross sales elevated by 4.98% year-on-year to US$1.579 billion, gross revenue margin was 64.7%, and internet revenue fell by 22% year-on-year to US$150 million. Divided by area, Ralph Lauren’s gross sales within the North American native market elevated by 3.3% to US$726 million year-on-year, European gross sales fell by 0.4% to US$493 million, and the Asian market in China rose by 17.4% to US$316 million.
Aeffe Group (AEF.MI)
The inventory value has fallen by 52% for the reason that starting of this yr, and the present market worth is about 150 million euros
Moschino’s mother or father firm Italian vogue group Aeffe’s income within the first 9 months of this yr elevated by 10% year-on-year to 2.7700 million euros, internet revenue fell by practically 80% to 4.7 million euros, primarily affected by the rise in working prices attributable to international inflation. In the course of the interval, the gross sales of ready-made clothes of the group elevated by 9.8% to 183 million euros, and the income of sneakers and leather-based items enterprise additionally rose by 17.2% to 128.9 million euros, and the royalties elevated by 14.6% to 11.2 million euros.
SMCP (SMCP.PA)
The inventory value has elevated by 14% for the reason that starting of this yr, and the present market worth is about 500 million euros
The third-quarter gross sales of French vogue group SMCP, which owns Sandro, Maje, Claudie Pierlot and Fursac manufacturers, elevated by 9.4% year-on-year to 308 million euros, a document excessive, and gross sales within the first 9 months additionally rose by 20.5% to eight.74 billion euros. In the course of the reporting interval, the group had the very best efficiency in Europe and North America, whereas the Asia-Pacific area was affected by the Chinese language market and fell 11.8% to 61.6 million euros.
VF Group (VFC.NYSE)
The inventory value has fallen by practically 54% this yr, and the present market worth is about 13.1 billion US {dollars}
Within the three months ended October 1, VF Group’s income fell 4% year-on-year to $3.1 billion, of which Vans income fell 13% to $952 million, and Dickies additionally fell 19% to $186 million. Timberland fell by 4% to US$524 million. The North Face was the one single model to realize constructive development. Income elevated by 8% to US$951 million year-on-year, and different model departments the place Supreme additionally rose by 4%.
Kontoor Manufacturers (KTB.NYSE)
The inventory value has fallen by 14% for the reason that starting of this yr, and the present market worth is about 2.4 billion US {dollars}
Within the three months ended September 30, gross sales of Lee’s mother or father firm Kontoor Manufacturers fell 7% year-on-year to $607 million, of which US income fell 8% to $452 million, and worldwide enterprise income fell 3% to $607 million. 154 million US {dollars}, primarily because of the 24% drop in enterprise in China. Divided by model, Wrangler income decreased by 4% to $406 million, Lee fell 13% to $198 million, and different international enterprise income fell 33% to $2 million.
Levi’s (LEVI.NYSE)
The inventory value has fallen by 30% this yr, and the present market worth is about 6.8 billion US {dollars}
Within the three months ended August 28, gross sales of Levi Strauss & Co., the mother or father firm of Levi’s, elevated by 1% year-on-year to US$1.517 billion, and internet revenue fell by 11% to US$173 million. Group gross sales elevated by 12% to US$4.58 billion, and internet revenue elevated by 4% to US$419 million. Levi Strauss & Co. lowered its full-year revenue forecast for 2022 to between $1.44 and $1.49 per share as a result of price surges attributable to elevated international inflation.
Guess (GES.NYSE)
For the reason that starting of this yr, the inventory value has fallen by 16% and the present market worth is about 1 billion US {dollars}
Within the three months ended October 29, Guess gross sales fell 2% year-on-year to US$633 million, a rise of 10% at fixed trade charges, and internet revenue fell 27% to US$21.8 million. In the course of the reporting interval, the retail income of the model within the US home market fell by 2%, the wholesale enterprise fell by 10%, the European enterprise additionally recorded a 2% decline in US {dollars}, and the income in Asia achieved a ten% development.
Victoria’s Secret (VSCO.NYSE)
The share value has fallen by 15% this yr, and the present market worth is about 3.8 billion US {dollars}
In keeping with the revenue forecast launched by Wei Mi, though its gross sales will nonetheless expertise a high-single-digit decline, the working revenue within the third quarter shall be near 40 million US {dollars}, according to the earlier expectation of 10 million to 40 million US {dollars}. class. On the identical time, Victoria’s Secret additionally launched a brand new development technique plan. Sooner or later, it’s going to proceed to deal with intimate underwear and wonder enterprise, additional notice globalization by way of worldwide companions, and launch new manufacturers to fill the hole available in the market, in order to consolidate its place within the business. main place.
H&M (HM-B.STO)
The share value has fallen by 34% for the reason that starting of this yr, and the present market worth is about SEK 172.5 billion
Within the third fiscal quarter ended August 31, the Swedish quick vogue large H&M’s gross sales development slowed to three%, recording 57.45 billion Swedish kronor, a 4% decline in native foreign money trade charges. Nevertheless, the group stated gross sales had returned to development within the present quarter as fall attire bought properly. Within the first half of fiscal yr 2022, H&M Group’s income rose by 20% year-on-year to SEK 103.67 billion, and it additionally recorded a 17% improve within the second quarter.
Inditex (ITX.MI)
The inventory value has fallen by 12% for the reason that starting of this yr, and the present market worth is about 78.3 billion euros
Within the three months ended July 31, the gross sales of Inditex, the mother or father firm of Zara, rose 24.5% year-on-year to 14.8 billion euros, primarily because of the robust restoration of bodily retail, with a gross revenue margin of 57.9% and a big internet revenue It rose 41% to 1.8 billion euros, exceeding analysts’ expectations and hitting a document excessive. The income of the core manufacturers Zara and Zara House rose 29% to 10.927 billion euros.
Quick Retailing Group (9983.TYO)
The inventory value has risen by 23% for the reason that starting of this yr, and the present market worth is about 8.5 trillion yen
Within the 12 months ended August 31, Quick Retailing Group’s gross sales elevated by 7.9% year-on-year to 2.3 trillion yen, and internet revenue rose by 60.9% to 273.3 billion yen. Uniqlo’s gross sales in Japan fell by 3.8% to 810.2 billion yen, whereas Uniqlo’s gross sales within the worldwide market rose by 20.3% to 1.11 trillion yen, and gross sales within the Chinese language market elevated by 1.1% to 538.5 billion yen. accounted for 23.4%.
Hole Group (GPS.NYSE)
The share value has fallen by 19% for the reason that starting of this yr, and the present market worth is about 5.4 billion US {dollars}
Within the three months ended October 29, Hole Group’s gross sales elevated by 2% year-on-year to US$4.04 billion, exceeding analyst expectations, comparable gross sales elevated by 1%, gross revenue margin was 37.4%, and internet revenue recorded $282 million. By model, Previous Navy elevated by 2% to US$2.1 billion, Hole recorded US$1.04 billion on the identical degree as final yr, Banana Republic elevated by 8% to US$517 million, and Athleta elevated by 6% to US$340 million.
City Outfitters (URBN.NYSE)
The share value has fallen by 5% for the reason that starting of this yr, and the present market worth is about 2.6 billion US {dollars}
Within the three months ended October 31, the gross sales of City Outfitters, an American vogue group, elevated by 3.9% to a document US$1.18 billion in contrast with the identical interval final yr, however the internet revenue fell by 58% to US$37.2 million in contrast with the identical interval final yr. In keeping with the model, Anthropologie Group’s gross sales elevated by 13% in contrast with retail gross sales, Free Folks elevated by 8%, and City Outfitters fell by 9%. Within the first 9 months of this yr, the group’s gross sales elevated by 6% year-on-year, whereas internet revenue was diminished to US$128 million.
A&F (ANF.NYSE)
The share value has fallen by 32% for the reason that starting of this yr, and the present market worth is about 1.1 billion US {dollars}
Abercrombie&Fitch’s gross sales within the third quarter fell 3% year-on-year to 880 million US {dollars}, which was flat with the identical interval final yr when it comes to fixed trade charges, exceeding analysts’ expectations. Chief govt Fran Horowitz stated on a post-earnings convention name that the group expects a much bigger breakthrough within the fourth quarter pushed by the vacation season, stressing that it stays untroubled by the worst excessive inflation in a long time.
NIKE (NKE.NYSE)
The inventory value has fallen by 39% for the reason that starting of this yr, and the present market worth is about 156.5 billion US {dollars}
Within the three months ended September 29, Nike Group’s income elevated by 4% year-on-year to US$12.7 billion. Though it exceeded market expectations of US$12.27 billion, the gross revenue margin fell to 44.3%, and the online revenue fell sharply by 22% % to US$1.468 billion, primarily as a result of rising freight and logistics prices, whereas fluctuations within the provide chain precipitated Nike stock to extend by 44% year-on-year to US$9.7 billion.
Adidas (ADS.DE)
The inventory value has fallen by 52% for the reason that starting of this yr, and the present market worth is about 23.7 billion euros
Adidas Group’s gross sales within the third quarter elevated by 11% year-on-year to six.408 billion euros, gross revenue margin fell to 49.1%, working revenue margin shrank to eight.8%, and internet revenue fell 62.6% year-on-year to 179 million euros. In the course of the reporting interval, adidas’ Chinese language enterprise as soon as once more recorded a double-digit decline, and has misplaced the Chinese language marketplace for three consecutive instances. Though the fourth quarter will usher within the vacation season and the World Cup, Adidas has determined to decrease its full-year forecast once more. It’s anticipated that the annual income in 2022 will develop at a price of mid-single digits
Anta (2020.HKG)
The inventory value has fallen by 29% for the reason that starting of this yr, and the present market worth is about 221.4 billion Hong Kong {dollars}
Within the third quarter of ANTA Sports activities, Anta’s retail gross sales grew by mid-single digits year-on-year, Fila grew by 10% to twenty% year-on-year, and different model departments the place DESCENTE and KOLON belonged recorded robust development of 40% to 45%, primarily benefiting from The rise in shopper demand for out of doors sportswear.
Li Ning (2331.HKG)
The inventory value has fallen by 37% for the reason that starting of this yr, and the present market worth is about 140.2 billion Hong Kong {dollars}
Li Ning’s retail gross sales within the third quarter recorded a mid-range development of 10% to twenty% year-on-year. By way of channels, the offline channel recorded a mid-range development of 10% to twenty%, of which the retail channel recorded a low-level development of 20% to 30%, the wholesale channel recorded a low-level development of 10% to twenty%, and the e-commerce enterprise recorded a development price of 20%. % to mid-30% development. As of September 30, Li Ning had a complete of 6,101 gross sales factors in China, a internet improve of 164 in contrast with the tip of the earlier quarter, and a internet improve of 166 to date this yr.
lululemon (LULU.NASDAQ)
The share value has fallen by 7% this yr, and the present market worth is about 46 billion US {dollars}
JPMorgan Chase raised lululemon’s goal value from $396 to $464 in a report, sustaining an chubby ranking. Previous to this, lululemon up to date its earnings steering for the third quarter. It’s anticipated that earnings per share shall be between US$1.9 and US$1.95, and income expectations have additionally been raised to US$1.78 billion to US$1.8 billion, all exceeding market consensus expectations.
Beneath Armor (UAA.NYSE)
The share value has fallen by 62% for the reason that starting of this yr, and the present market worth is about 3.4 billion US {dollars}
Within the three months ended September 30, Beneath Armour’s whole income elevated by 2% year-on-year to $1.6 billion, with a internet revenue of $87 million. Divided by channel, the model’s wholesale enterprise income elevated by 4% to 948 million US {dollars}, and its direct-to-consumer enterprise income fell by 4% to 577 million US {dollars}, however the e-commerce enterprise income elevated by 4% towards the development. Divided by class, clothes income fell 2% to $1 billion, equipment income fell 12% to $111 million, and footwear income rose 14% to $376 million.
Skechers (SKX.NYSE)
The share value has fallen by 10% for the reason that starting of this yr, and the present market worth is about 6.2 billion US {dollars}
Within the three months ended September 30, Skechers gross sales rose 20.5% year-on-year to US$1.878 billion, gross revenue margin was 47.1%, and internet revenue fell 16.7% to US$85.9 million. In the course of the reporting interval, Skechers’ income within the US home market rose by 14.9%, and its worldwide enterprise additionally recorded a powerful development of 24.6%. Within the first 9 months of this yr, the group’s gross sales rose 19.6% to US$5.565 billion, and its internet revenue fell 12.3% to US$297 million.
Puma (PUM.ETR)
The inventory value has fallen by 47% for the reason that starting of this yr, and the present market worth is about 8.3 billionEuro
Within the three months ended September 30, Puma’s gross sales rose 16.9% year-on-year to 2.35 billion euros, and revenue earlier than curiosity and taxes rose 12.6% to 258 million euros. CEO Bjorn Gulden stated within the convention after the monetary report that the expansion of efficiency is especially as a result of Puma’s robust model energy and secure provide chain. It’s anticipated that gross sales after trade price adjustment will improve by about 15% in 2022. Income shall be between 600 million and 700 million euros.
Asics (7936.TYO)
The share value has risen by 15% this yr and the present market worth is about 575.3 billion yen
Within the three months ended September 30, Asics gross sales rose 22.4% year-on-year to 137.988 billion yen, working revenue rose 43.2% to fifteen.24 billion yen, and internet revenue rose 44% to 9.683 billion yen Yuan. Within the first three quarters of this yr, Asics gross sales elevated by 12.7% to 363.068 billion yen, gross sales of core efficiency trainers rose by 17.8% to 197.27 billion yen, and income elevated by 9.6% to 43.9 billion yen.
Crocs (CROX.NASDAQ)
The inventory value has fallen by 28% for the reason that starting of this yr, and the present market worth is about 5.8 billion US {dollars}
Within the three months ended September 30, the gross sales of Crocs, an American informal footwear group, rose 57.4% year-on-year to US$985 million, a document excessive, and internet revenue elevated by 10% to US$169 million. In the course of the interval, Crocs model income rose 14.3% to $715 million, and HeyDude model income soared 87% to $269 million. For the entire yr of 2022, Crocs Group expects income to surge by 49% to 52% to US$3.455 billion to US$3.52 billion.
Deckers（DECK.NYSE）
The share value has risen by practically 4% this yr, and the present market worth is about 10.1 billion US {dollars}
Within the three months ended September 30, Deckers Group’s gross sales rose 21.3% year-on-year to 875 million US {dollars}, with a gross revenue margin of 48.2%, and working revenue was virtually the identical as that of the earlier yr. By model, UGG gross sales elevated by 6.3% to US$476 million, out of doors sports activities model HOKA rose by 58.3% to US$333 million, Teva elevated by 4.3% to US$30.1 million, and Sanuk rose by 25.2% to US$7.5 million, masking Koolaburra’s The opposite model sector surged 17.9% to $28.5 million.
Columbia (COLM.NASDAQ)
The inventory value has fallen by 9% for the reason that starting of this yr, and the present market worth is about 5.5 billion US {dollars}
Within the three months ended September 30, the gross sales of Columbia, an outside sportswear group, rose 19% year-on-year to US$955 million, which was lower than the US$960 million anticipated by analysts, and the gross revenue margin fell from 50.7% to 48%. , Web revenue rose 11% to $112 million, exceeding analyst expectations. Within the first 9 months of this yr, the particular gross sales rose 15% to US$2.294 billion, and internet revenue fell 6% to US$186 million.
Allbirds (BIRD.NASDAQ)
The inventory value has fallen by 82% for the reason that starting of this yr, and the present market worth is about 400 million US {dollars}
Within the three months ended September 30, Allbirds gross sales soared 16% to US$72.7 million, gross revenue dropped sharply from 54.1% in the identical interval of the earlier yr to 44.8%, and the online loss was additionally larger than that in the identical interval of the earlier yr. $13.8 million expanded to $25.2 million. Within the first 9 months of this yr, the group’s gross sales elevated by 18.5% to US$213 million, with a internet lack of US$76.5 million, which was primarily affected by the rise in prices attributable to international inflation.
Champion’s mother or father firm (HBI.NYSE)
The share value has fallen by 60% for the reason that starting of this yr, and the present market worth is about 2.4 billion US {dollars}
Hanesbrands third-quarter gross sales fell 7% year-on-year to US$1.67 billion, together with an unfavorable overseas trade impression of US$59 million, and a 3% decline at fixed trade charges, gross revenue margin fell to 33.7%, and working revenue was US$141 million . In the course of the reporting interval, gross sales of the group’s core model Champion fell 14% year-on-year, or 9% at fixed trade charges.
L’Oreal Group (OR.PA)
The inventory value has fallen by 18% for the reason that starting of this yr, and the present market worth is about 188 billion euros
L’Oreal Group’s gross sales within the third quarter rose by greater than 9% year-on-year to 9.575 billion euros, up 19.7% at a continuing trade price, recording double-digit development in most components of the world, and the North Asian market the place China is positioned It elevated by solely 0.3%, or 11.3% at fixed trade charges. Divided by division, the very best performer was the lively cosmetics division, with gross sales up 26% year-on-year, the posh items division recorded a 4.6% improve, and the skilled merchandise and mass cosmetics departments had been the biggest.A rise of 4.3% and 10% respectively.
Estee Lauder Group (EL.NYSE)
The share value has fallen by 40% for the reason that starting of this yr, and the present market worth is about 78.5 billion US {dollars}
Estee Lauder Group’s gross sales within the first quarter fell 11% year-on-year to US$3.93 billion, and its internet revenue was US$489 million, a year-on-year lower of 29%. Divided by class, gross sales of skincare merchandise fell 14% to US$2.1 billion, cosmetics gross sales fell 10% to US$1.052 billion, fragrance merchandise had been principally flat in contrast with the identical interval final yr, with gross sales of US$607 million, and gross sales of hair care merchandise had been at document low. 7% development to $158 million.
Procter & Gamble Group (PG.NYSE)
The inventory value has fallen by 10% this yr, and the present market worth is about 347.7 billion US {dollars}
Within the three months ended September 1, Procter & Gamble’s gross sales elevated by only one% year-on-year to US$20.6 billion, gross revenue fell by 2% to US$9.766 billion, gross revenue margin was 47.4%, and internet revenue fell 4% to $3.963 billion. It’s value noting that because of the decline in gross sales of SK-II, Procter & Gamble’s magnificence enterprise didn’t improve year-on-year throughout the interval, recording US$3.961 billion.
Shiseido (4911.TYO)
The inventory value has fallen by 11% for the reason that starting of this yr, and the present market worth is about 2.3 trillion yen
Within the first 9 months ended September 30, Shiseido’s gross sales elevated by 4.7% year-on-year to 762.74 billion yen, whereas internet revenue fell by 38.2% to 29.05 billion yen. CEO Masahiko Uotani will step down within the subsequent two years. From January 1 subsequent yr, his place shall be modified to consultant director, chairman and chief govt officer, and his successor Fujiwara Kentaro will function president and chief working officer.
Coty Group (COTY.NYSE)
The share value has fallen by 29% for the reason that starting of this yr, and the present market worth is about 6.4 billion US {dollars}
Within the three months ended September 30, Coty Group’s gross sales elevated by 1% year-on-year to US$1.39 billion, exceeding analysts’ expectations of US$1.38 billion, however the development price of 10% within the earlier quarter slowed down considerably , Web revenue fell 41.2% to 134 million US {dollars}. In the course of the interval, the gross sales of the group’s mass magnificence merchandise elevated by 5% to US$526 million, whereas the posh model magnificence enterprise fell by 1% to US$863 million. Fragrance merchandise contributed probably the most income, accounting for 59.3% of gross sales.
Beiersdorf (BEI.DE)
The share value has risen by 13% for the reason that starting of this yr, and the present market worth is about 26.4 billion euros
Beiersdorf’s gross sales within the first 9 months of this yr elevated by 11% year-on-year to six.7 billion euros, of which natural gross sales within the shopper enterprise sector elevated by 11.7% to five.4 billion euros, and all areas and types contributed to the expansion , gross sales of the girl model La Prairie achieved an natural gross sales development of 5.5%, primarily because of the excellent efficiency within the third quarter, particularly the rebound in China’s enterprise and journey retail enterprise.
L’Occitane (0973.HK)
The inventory value has fallen by 33% for the reason that starting of this yr, and the present market worth is about 32 billion Hong Kong {dollars}
Within the first half of the fiscal yr ended September 30, L’Occitane Group’s gross sales rose 24.2% to 901 million euros. Divided by model, the core model L’Occitane elevated by 9.4% year-on-year, and ELEMIS rose by 21.1% year-on-year. In the course of the interval, the gross sales of L’Occitane Group in all areas achieved development, and the Asia-Pacific area the place China is positioned elevated by 7.8% year-on-year.
Pandora (PNDORA.CPH)
The inventory value has fallen by 39% for the reason that starting of this yr, and the present market worth is about 47.2 billion Danish kroner
Within the third quarter ended November 8, Pandora’s gross sales elevated by 3% year-on-year to five.263 billion Danish kroner, barely larger than analysts’ expectations, and the revenue margin earlier than curiosity and taxes was 18.6%. In the course of the reporting interval, the model’s efficiency in China continued to say no, with gross sales down 37% year-on-year and natural income down 40% within the first 9 months. For full-year 2022, Pandora expects natural income development within the vary of 4% to six% and reiterated its working margin steering of 25% to 25.5%.
Chow Tai Fook (1929.HK)
The share value has fallen by practically 7% this yr, and the present market worth is about 130.6 billion Hong Kong {dollars}
Within the second fiscal quarter ended September 30, Chow Tai Fook’s retail gross sales surged 26% year-on-year, a big rebound from the efficiency of the earlier two quarters. By area, mainland China and Hong Kong achieved same-store development of three.4% and 21.2% respectively, whereas Macau recorded a 28.6% decline. By way of classes, same-store gross sales of jewelery inlays and gold classes in mainland China fell by 10.5% and elevated by 9.4% respectively, whereas same-store gross sales of jewelery inlays and gold classes in Hong Kong, Macau and different markets recorded development of 5.6% and 10.5% respectively.
EssilorLuxottica (EL.PA)
The share value has fallen by 6% for the reason that starting of this yr, and the present market worth is about 78.3 billion euros
Within the three months ended September 30, the income of EssilorLuxottica, the world’s largest eyewear producer, rose 17% year-on-year to almost 6.4 billion euros, and comparable income elevated by 8%. Divided by area, the group’s income within the North American market rose by 20.5% to three.009 billion euros. The Asia-Pacific market the place China is positioned grew the quickest, up 31.7% year-on-year to 761 million euros, EMEA elevated by 7.6% to 2.262 billion euros, Latin America Soared 25.5% to 363 million euros.
Farfetch (FTCH.NYSE)
The inventory value has fallen by 77% for the reason that starting of this yr, and the present market worth is about 3 billion US {dollars}
Within the three months ended September 30, Farfetch’s whole GMV fell 4.9% year-on-year to US$967 million, of which the digital enterprise GVM fell 5% to US$787 million, and the model enterprise GMV fell 10.4% to US$148 million . In the course of the interval, Farfetch’s total income rose by 1.9% to US$108 million, with a gross revenue margin of 44.9% and a lack of US$275 million after tax.
The monetary report cycle is totally different for every group. The above information is for reference solely. The inventory value fluctuation statistical cycle is from January 1, 2022 to November 25, 2022, and the market worth is the newest worth as of November 25, 2022.
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