22 Global Apparel And Sports Products Retail Business 2019 Third Quarter Results

Clothing production and retail
Zara parent Inditex group announced its third quarter (February 1, 2019 -10 31) performance. Net sales amounted to 19 billion 820 million euros (US $22 billion) in the current period, compared with 18 billion 437 million euros in the same period last year. The current operating profit (EBIT) was 3 billion 548 million euros, compared with 3 billion 70 million euros in the same period last year. Net profit for the current period was 2 billion 720 million euros, compared with 2 billion 438 million euros in the same period last year.
H&M group (H&M group, Hennes & Mauritz AB) announced the first nine months of the fiscal year (December 1, 2018 to August 31, 2019). Net sales in the third quarter amounted to SEK 62 billion 572 million (about $6 billion 600 million), compared with 55 billion 821 million in the same period last year. The current operating profit of SEK was 5 billion 29 million, compared with 3 billion 976 million in the same period last year. The net profit for the current period was SEK 3 billion 859 million, compared with 3 billion 99 million in the same period last year. Net sales for the first nine months were SEK 171 billion 61 million (about $18 billion), compared with 153 billion 986 million in the same period last year. The current operating profit of SEK was 11 billion 969 million, compared with 11 billion 191 million in the same period last year. The net profit for the current period was SEK 9 billion 231 million, compared with 9 billion 109 million in the same period last year.
In the 2019 fiscal year (September 2018 to August 2019) released by Fast Retailing, the combined results showed that sales increased by 7.5% over the previous fiscal year to 22905 billion yen (about 21 billion 100 million US dollars), and net profit increased 5% to 162 billion 500 million yen, all of which were new highs. Sales in China and Southeast Asia led to the first overseas sales of UNIQLO business to exceed 1 trillion yen. The operating profit that reflects the profitability of the main business is also higher than that of overseas UNIQLO.
The Gap (Inc.) announced its third quarter 2019 results. Net sales amounted to $3 billion 998 million in the quarter, compared with $4 billion 89 million in the same period last year. Net profit for the quarter was $140 million, compared with $266 million in the same period last year.
VF Corporation announced its second quarter ending September 28th. Net revenue in the quarter was $3 billion 393 million, compared with $3 billion 219 million in the same period last year. Net profit for the quarter was $649 million, compared with $507 million in the same period last year.
L Brands, the virgin parent company, released its third quarter earnings report. During the reporting period, net losses expanded nearly 6 times, from 42 million 800 thousand US dollars in the same period last year to 252 million US dollars; net sales fell 4% to 2 billion 677 million US dollars compared with the same period last year, and same store sales decreased 2% over the same period last year. Among them, the sales volume of the brand was $1 billion 412 million, compared with $1 billion 529 million in the same period last year, compared with a decrease of 2% in sales.
Garment manufacturer Hanesbrands Inc announced its third quarter ending September 28th. Net sales amounted to $1 billion 867 million in the quarter, compared with $1 billion 849 million in the same period last year. Net profit for the quarter was $188 million, compared with $171 million in the same period last year.
Levi's parent Levi Strauss & Co. announced its third quarter (up to August 25th) performance. Net revenue in the quarter was $1 billion 447 million, compared with $1 billion 394 million in the same period last year. Net profit for the quarter was $124 million, compared with $130 million in the same period last year. Among them, the US revenue was 771 million US dollars, Europe's revenue was US $463 million, and Asia's revenue was US $213 million.
Apparel retailer AEO (American Eagle Outfitters) announced its third quarter results as of November 2nd. Net revenue in the quarter was $1 billion 66 million, compared with $1 billion 4 million in the same period last year. Net profit for the quarter was $80 million 760 thousand, compared with $85 million 470 thousand in the same period last year.
Hai Lan's home office released the third quarter report 2019. In the 1-9 month of this year, Hai Lan's family business income was 14 billion 689 million yuan (about 2 billion 100 million US dollars), and last year it was 13 billion 42 million yuan, an increase of 12.63% over the same period last year. Net profit attributable to shareholders of listed companies was 2 billion 616 million yuan, down 0.45% from the same period last year.
Semir apparel announced its three quarter report in 2019. It said that the operating income in the first three quarters was 13 billion 261 million yuan (about 1 billion 900 million dollars), an increase of 35.82% over the same period last year. The net profit attributable to shareholders of listed companies was 1 billion 307 million yuan, up 2.79% over the same period last year. Revenue in the third quarter was 5 billion 42 million yuan (about 720 million US dollars), up 19.14% over the same period last year. Net profit attributable to shareholders of listed companies was 585 million yuan, down 3.18% from the same period last year.
The three quarter results of 2019 were released from the Kontoor Brands, which owned the Cowboy brand Lee and Wrangler. Net revenue in the quarter was $638 million, compared with $704 million in the same period last year. Net profit for the quarter was $14 million 500 thousand, compared with $71 million 20 thousand in the same period last year.
Apparel retailer Guess Inc announced its third quarter earnings for November 2nd. Net sales amounted to $616 million in the quarter, compared with $605 million in the same period last year. Net profit for the quarter was $12 million 420 thousand, compared with a net loss of $13 million 440 thousand in the same period last year.
Sportswear and retail
Nike (NIKE, Inc.) announced its first quarter revenue in fiscal year 2020 over Wall Street's forecast, thanks to the strategy of selling sneakers and clothing directly to consumers. In the first quarter of August 31st, the world's largest sportswear maker earned $10 billion 660 million, up from $9 billion 948 million a year ago. Greater China revenue was $1 billion 680 million, up 22% compared to the same period last year, and revenue in North America was $4 billion 290 million, up 3.6% over the same period last year. Net profit for the quarter was $1 billion 367 million, compared with $1 billion 92 million in the same period last year.
Adidas (Adidas) 2019 third quarter results. In Euro terms, sales increased by 9% in the third quarter to 6 billion 410 million euros (about 7 billion 100 million dollars), compared with 5 billion 873 million euros in the same period in 2018. Excluding exchange rate factors, the company's revenue grew by 6% in the third quarter. Adidas brand also recorded a 6% revenue growth. Excluding the exchange rate factor, Reebok brand sales increased by 2%. The company's revenue growth benefits from the common pull of all sales channels, mainly including wholesale revenue growth and double-digit growth in retail business.
The German sports group Puma (Puma) released its three quarter financial report in fiscal 2019. During the reporting period, Puma's global sales increased by 17% to 1 billion 478 million euros (about 1 billion 640 million US dollars). The Asia Pacific and the Americas region have achieved two digit growth, while the European, Middle East and Africa regions have maintained a higher digit growth rate. Puma's profit before interest tax depreciation and amortization in the three quarter increased from 10.5% last year to 11%. Net profit increased 29.7% to 105 million euros.
Sports shoes and clothing manufacturer Andemar (Under Armour Inc) announced the third quarter ending September 30th. Net revenue in the quarter was $1 billion 429 million, compared with $1 billion 443 million in the same period last year. Net profit for the quarter was $102 million, compared with $75 million 270 thousand in the same period last year.
American sports leisure brand Skech (SKECHERS) announced the third quarter ending September 30th. Sales were $1 billion 354 million for the quarter, compared with $1 billion 176 million for the same period last year. Net profit for the quarter was $103 million, compared with $90 million 700 thousand in the same period last year.
Canadian sports clothing company lululemon athletica Inc. announced its third quarter ending November 3rd. Net revenue in the quarter was $916 million, compared with $748 million in the same period last year. Net profit for the quarter was $126 million, compared with $94 million 410 thousand in the same period last year.
Arthur (Asics) announced the results from January 2019 to September. The current revenue was 286 billion 200 million yen (about 2 billion 630 million US dollars), compared with 295 billion 700 million yen in the same period last year. The current operating profit was 12 billion 700 million yen, compared with 15 billion 400 million yen in the same period last year. The net profit for the current period was 6 billion 900 million yen, compared with 8 billion 300 million yen in the same period last year.
Sporting goods retailer Dick's Sporting Goods Inc announced its third quarter earnings for November 2nd. Net sales amounted to $1 billion 962 million in the quarter, compared with $1 billion 857 million in the same period last year. Net profit for the quarter was $57 million 580 thousand, compared with $37 million 830 thousand in the same period last year.
Sporting goods and clothing retailer Foot Locker Inc announced its third quarter earnings for November 2nd. Sales were $1 billion 932 million for the quarter, compared with $1 billion 860 million for the same period last year. Net profit for the quarter was $125 million, compared with $130 million in the same period last year.