Tod's: stock down after annual sales figures
(CercleFinance.com) - The Tod's group stock is tumbling 5.
8% in Milan today, sanctioned by investors after the group announced FY 2018 sales of 940.4 million euros, down 2.4% as reported, and almost flat (-0.5%) at constant exchange rates.
Excluding currency effects, the Italian luxury house - whose brands include Hogan, Roger Vivier and Fay - saw its sales drop by 5.4% in Italy, with a 1.4% fall in the Americas, while they increased by 3.1% in China.
"The strategy and the business model adopted with the Tod's Factory project are starting to take shape and every month is becoming increasingly important and visible," said group Chairman and CEO Diego Della Valle.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
8% in Milan today, sanctioned by investors after the group announced FY 2018 sales of 940.4 million euros, down 2.4% as reported, and almost flat (-0.5%) at constant exchange rates.
Excluding currency effects, the Italian luxury house - whose brands include Hogan, Roger Vivier and Fay - saw its sales drop by 5.4% in Italy, with a 1.4% fall in the Americas, while they increased by 3.1% in China.
"The strategy and the business model adopted with the Tod's Factory project are starting to take shape and every month is becoming increasingly important and visible," said group Chairman and CEO Diego Della Valle.
Copyright (c) 2019 CercleFinance.com. All rights reserved.