Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
financial-results
Retail
Will This Time Be Different for Neiman Marcus and J.C. Penney?
This week, everyone will be talking about fashion weeks in New York and London, the post-bankruptcy futures of Neiman Marcus and J.C. Penney, and sales updates from the owners of Zara and H&M. Get your BoF Professional Cheat Sheet.
Will This Time Be Different for Neiman Marcus and J.C. Penney?
This week, everyone will be talking about fashion weeks in New York and London, the post-bankruptcy futures of Neiman Marcus and J.C. Penney, and sales updates from the owners of Zara and H&M. Get your BoF Professional Cheat Sheet.
Retail
American Eagle Posts Smaller Than Expected Loss as Loungewear Demand Surges
The US-based retailer's total revenue fell 15 percent to $883.5 million in the three months ended August 1, beating expectations of $847.8 million.
American Eagle Posts Smaller Than Expected Loss as Loungewear Demand Surges
The US-based retailer's total revenue fell 15 percent to $883.5 million in the three months ended August 1, beating expectations of $847.8 million.
Retail
Primark Profit Could Top Forecast After Robust Post-Lockdown Trading
In July Associated British Foods forecast full year adjusted operating profit for Primark in a range of $396-$462 million.
Primark Profit Could Top Forecast After Robust Post-Lockdown Trading
In July Associated British Foods forecast full year adjusted operating profit for Primark in a range of $396-$462 million.
Retail
PVH Posts Surprise Profit Amid Demand for Casual Clothing
The Calvin Klein and Tommy Hilfiger owner reported a total revenue of $1.58 billion for the second quarter ended August 2, beating analysts' estimates of $1.25 billion.
PVH Posts Surprise Profit Amid Demand for Casual Clothing
The Calvin Klein and Tommy Hilfiger owner reported a total revenue of $1.58 billion for the second quarter ended August 2, beating analysts' estimates of $1.25 billion.
Beauty
Coty Quarterly Sales Drop 56%
The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.
Coty Quarterly Sales Drop 56%
The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.
Luxury
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Luxury
Capri Quarterly Results Top Analysts' Estimates
The Michael Kors owner saw its total revenue drop 66.5 percent to $451 million in the first quarter, beating analysts expectations.
Capri Quarterly Results Top Analysts' Estimates
The Michael Kors owner saw its total revenue drop 66.5 percent to $451 million in the first quarter, beating analysts expectations.
Luxury
Hugo Boss Expects Demand for Suits to Return Despite Quarterly Sales Slump
The German luxury house saw its sales drop 59 percent and reported revenue of $323.5 million in the second quarter, missing analyst expectations.
Hugo Boss Expects Demand for Suits to Return Despite Quarterly Sales Slump
The German luxury house saw its sales drop 59 percent and reported revenue of $323.5 million in the second quarter, missing analyst expectations.
Luxury
Hermès Quarterly Sales Hit by Pandemic Lockdowns
The maker of the iconic Birkin bag saw its sales plunge 42 percent in the three months through June.
Hermès Quarterly Sales Hit by Pandemic Lockdowns
The maker of the iconic Birkin bag saw its sales plunge 42 percent in the three months through June.
Luxury
Ferragamo Second Quarter Revenue Misses Analysts Expectations
The Italian luxury group saw its sales decline 60 percent in the second quarter.
Ferragamo Second Quarter Revenue Misses Analysts Expectations
The Italian luxury group saw its sales decline 60 percent in the second quarter.
Luxury
Kering Sales Down 43.7% in the Second Quarter
The luxury conglomerate added it could not provide a forecast for the second half of the year despite an encouraging recovery in Asia.
Kering Sales Down 43.7% in the Second Quarter
The luxury conglomerate added it could not provide a forecast for the second half of the year despite an encouraging recovery in Asia.
Luxury
LVMH Revenue Down 38% in the Second Quarter
The luxury conglomerate's profit from recurring operations was $1.96 billion in the first six months of the year, falling below analysts expectations.
LVMH Revenue Down 38% in the Second Quarter
The luxury conglomerate's profit from recurring operations was $1.96 billion in the first six months of the year, falling below analysts expectations.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.