Design

Rocky Brands reports 57 percent increase in Q1 revenue

6 days ago   |   By Fashion United

Image: The Original Muck Boot, Facebook
Rocky Brands, a designer, manufacturer and marketer of footwear and apparel, has reported a 57.3 percent increase in first-quarter revenue to 87.7 million dollars.
The US company saw sales in its wholesale segment increase 69.1 percent in the quarter, while sales in its retail segment were up 42 percent.
Net income increased 278.1 percent to 4.5 million dollars.
Rocky Brands acquired the performance and lifestyle footwear business of Honeywell International for 230 million dollars during the quarter.
The acquired portfolio comprised brands Muck Boot...
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Lenzing posts Q1 revenue growth of 4.9 percent

6 days ago   |   By Fashion United

Revenue at Lenzing Group rose by 4.9 percent to 489.3 million euros in the first quarter of 2021 due to increase in demand from China and the resulting higher viscose prices. The company said, focus on wood-based specialty fibers such as Tencel and Lenzing Ecovero branded fibers had a positive impact on revenue development.
EBITDA for the quarter increased by 36.8 percent to 94.5 million euros and the EBITDA margin rose from 14.8 percent to 19.3 percent. Net profit for the period amounted to 29.9 million euros and earnings per share to 1.06 euros.
“Lenzing benefited from the growing...
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Boohoo reports 41 percent revenue increase, earnings up 37 percent

6 days ago   |   By Fashion United

Boohoo, Facebook
Boohoo Group's revenue for the year increased by 41 percent to 1.745 billion pounds, while adjusted EBITDA was 173.6 million pounds, an increase of 37 percent on the previous year.
The company's profit before tax was 124.7 million pounds, an increase of 35 percent, while adjusted diluted earnings per share was 8.67p, up 47 percent on the prior year and diluted earnings per share rose to 7.25p, an increase of 36 percent.
Commenting on the company's full year results, John Lyttle, Boohoo CEO, said: “FY21 has been a year of significant investment for the group as we build a...
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