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  • Kontoor Brands Q2 revenue up 25 percent, lowers FY outlook

    9 days ago - By Fashion United

    Image: Wrangler, Facebook
    Kontoor Brands, the owner of denim labels Wrangler and Lee, has reported a 25 percent increase in revenue in the second quarter of the year.
    In the three months to July 2, revenue came in at 613.6 million dollars, compared to 490.8 million dollars a year earlier.
    That growth was primarily driven by the company's US business, which saw a 40 percent increase in revenue to 510.2 million dollars.
    On a less bright note, international revenue was down 18 percent to 103.3 million dollars, with China dropping 50 percent due to ongoing Covid-19 restrictions.
    Breaking it...
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  • Alpargatas posts 40 percent drop in Q2 profit

    9 days ago - By Fashion United

    Image: Havaianas
    In the second quarter, Alpargatas reached net revenue of 1.1 billion Brazilian real, up 2 percent or 10 percent in constant currency against the second quarter of 2021.
    In the second quarter, Alpargatas , owner of Havaianas, recorded a 40 percent decrease in net income to 64.2 million Brazilian real. Excluding data from Rothy's, recurring net income reached 114 million Brazilian real, a decrease of 6.4 percent.
    Alpargatas reports sales increase at Havaianas
    Havaianas net revenue in the quarter reached 1,050 million Brazilian real, up 1 percent or up 9 percent in constant...
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