First Quarter Earnings Report Of Major Luxury Goods And Apparel Companies Worldwide

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< p > the first quarter earnings report of major luxury goods and apparel companies in the world: < /p >

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The first quarter revenue of P LVMH increased by 6% to 7 billion 200 million euros, while fashion and leather business performed far beyond expectations. However, red wine and strong liquor industry were lower than expected.

LVMH's red wine and spirits business declined by 3% compared with revenues. The company blamed the downturn on Chinese retailers' purchases.

Sephora retail chains continue to win market share, and sales of Asian duty-free shops are equally strong.

The sales growth of these two businesses is the highest in the group, which is 10% higher than that on the basis.

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< p > the Cie. FinancireRichemontSA, the world's second largest luxury group, announced that its annual operating profit as of March 31, 2014 was basically the same as last year, which was 2 billion 419 million euros, which could not last three consecutive years.

Net profit increased by 3.1% from 2 billion 5 million euros to 2 billion 67 million euros.

Annual revenue grew 4.9% to 10 billion 649 million euros.

Nearly 50% of its revenue comes from Asia, including Japan.

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According to the report released by P Hermes, the first quarter revenue of the group rose by 10% after Japan's demand surged before the sales tax was raised.

Hermes's first quarter sales rose 944 million euros from 857 million euros a year ago.

Excluding the exchange rate factor, the group's sales rose 16%.

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< p > > Italy a href= "http://www.91se91.com/news/index_f.asp" > luxury goods < /a > group Prada (Prada) issued extremely weak first quarter earnings. As of the first quarter of April 30, 2014, Prada group's revenue fell for the first time, or 0.6%, down from 782 million 300 thousand euros in the same period last year to 777 million 700 thousand euros, and net profit fell 23.8%, from 138 million 200 thousand euros in the same period last year.

Leather products, the most important source of group income, fell 4% to 517 million 100 thousand euros in the first quarter, while clothing sales rose 9.8% to 118 million 700 thousand euros, and footwear revenue increased 1.6% to 120 million 200 thousand euros.

According to brand, Prada brand revenue increased by 0.3% to 640 million 900 thousand euros, accounting for 83.4% of total revenue; Miu Miu revenue fell 4.9% to 107 million 200 thousand euros; Church income rose 2.6% to 17 million 191 thousand euros, while Car Shoe fell 28.6% to 2 million 664 thousand euros.

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< p > British luxury brand Burberry Group released a report that the group's total revenue increased 19% to 1 billion 298 million pounds in the second half of fiscal year 2013-2014 (year-end March), which is in line with market expectations.

In the second half of fiscal year 2013-2014, retail sales, which accounted for 70% of revenue, grew 13% to 928 million pounds over the same period last year.

Among them, the sales volume of Boboli entity store increased by 12% over the previous half year, and its growth rate dropped slightly compared with 13% in the first half of the fiscal year.

In the second half of the fiscal year, the wholesale revenue of boboley rose 11% to 240 million pounds compared to the same period last year, wholesale income of cosmetics was 93 million pounds, and operating license revenue increased 2% to 37 million pounds.

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Burberry, a British luxury group, grew by 17% in revenue in 2013, thanks to the growth of its retail and wholesale business, and the company's performance was improved.

In the fiscal year ending March 31st, the company's revenue increased to 2 billion 300 million, while last year's revenue was only 2 billion.

After the adjustment of the one-time items, the pre tax profit increased by 8% to 461 million pounds, and the net profit of the company increased from 254 million 230 thousand to 322 million 500 thousand pounds in the previous fiscal year.

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< p > jewellery retail giant Tiffany (Tiffany & Co.) announced that its first quarter profit surged by 50%, and sales in all regions increased, especially in the Asia Pacific region, driven by Japan's growth.

The net profit of the company increased from $83 million 600 thousand in the same period last year to $126 million.

Revenue grew 13% to $1 billion 10 million.

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Adidas sportswear company Adidas (P) announced its first quarter results were weaker than expected, due to its sharp decline in its TaylorMade golf business, but the second quarter performance is expected to be strong, thereby driving the company back to growth.

Adidas said net profit in the first quarter decreased by 1/3 to 204 million euros ($283 million 120 thousand), and revenue fell 6% to 3 billion 533 million euros.

About half of the company's revenue comes from developing countries.

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< p > Coach, Inc., a high-end leather product manufacturer in the United States, announced a sharp decline in sales in North America because of the increasingly fierce competition from its rivals.

The net surplus of the company in the third quarter dropped to $190 million 700 thousand, compared with a net surplus of $238 million 900 thousand during the same period last year.

Net sales fell from $1 billion 190 million to $1 billion 100 million.

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< p > VF Corporation, the US apparel giant, announced that its net profit rose 10% in the first quarter, better than expected in the market.

The net profit of the company increased from $270 million in the same period last year to $297 million.

Revenue grew 6.5% to $2 billion 780 million.

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< p > the Ralph Lauren Corp. of the US clothing giant released its four quarter earnings and realized a profit of 153 million US dollars in the four quarter of March 31, 2014. The group achieved 127 million dollars in the last fiscal year of March 31, 2014.

The Ralph Lauren group achieved a revenue of $1 billion 900 million in the four quarter of March 31, 2014, an increase of 14% over the same period last year.

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