The Performance Of American International Clothing Brand Can Be Heard.
US apparel retailer group Guess announced its fourth quarter and annual earnings report. Its net profit fell to 47 million 800 thousand US dollars from 53 million 900 thousand dollars last year to fourth in the fourth quarter ending December 31st. Earnings per diluted share fell to 57 cents from 65 cents, lower than that of financial institutions.
In the three months ending January 30th, group sales increased from US $100 million in the same period last year to US $101 million.
Year-on-year retail sales, including e-commerce, fell by 1%, followed by the currency exchange rate. In the constant exchange rate, North American retail sales were positive, while Europe recorded a high single digit growth.
Group net profit fell 5.5% to 658 million US dollars from last year's 696 million US dollars, which is higher than the 657 million FactSet expected by financial institutions.
By region, total revenues in Europe dropped by 5%, while Asia dropped by 18%.
retail
Total revenue fell by 3%.
Net revenue from 2015 to 2016 was $2 billion 200 million, down 8.7% compared to $2 billion 420 million last year.
According to data from VF Corporation, the group's total profits in 2015 rose 17.6% to 1 billion 230 million dollars, and total revenue grew 0.8% to 12 billion 380 million dollars.
The sales of its uniform Department Imagewear amounted to $1 billion 100 million, while Licensed Sports Group accounted for half of the total.
Its profit in the fourth quarter was $312 million 200 thousand, and the company's current operating income was $3 billion 410 million.
Famous American
clothing
The VF Corporation group, founded in 1899 in ridding City, Pennsylvania, has developed into one of the largest apparel listed companies in the world with an annual turnover of over US $7 billion.
Its brands include The North Face, Timberland, Vans, denim brand Lee, Riders by Lee, Rock & Republic, and so on.
According to Abercrombie & Fitch's earnings report, the company's second quarter performance has soared.
achievement
Over Wall Street's forecast, shares rose to $19.90 a share, or 15.2%, in pre trading.
Abercrombie & Fitch announced that the same store sales for the first time in the latest quarter grew for the first time in more than three years, and net profit increased by 33% to $58 million 900 thousand over the same period.
Quarterly total revenue grew 2%, to $1 billion 100 million.
Same store sales grew 1%, the first time since April 2012.
Abercrombie & Fitch also announced the list of its core brand leadership team, the high level of exchange pfusion, and the comprehensive management strategy of the brand.
The list includes at least six new users, including the highly respected designer Aaron Levine, who previously served as deputy general manager of the men's clothing design department at Club Monaco, and has joined A&F menswear as the chief designer.
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