Tod’s slows down: shrinks sales 4.6% in Q2

Tod’s continues on the low. The Italian luxury group, owner of brands like Roger Vivier, Hogan or Fay, has closed the first six months of its fiscal with a decrease of 6 million euros (6.7 million dollars), compared to the 33.1 million euros (37 million dollars) last year. The group stated that the result was compromised by the new accounting norm, and the investment in the opening of new stores.

Sales also closed the period on the low, with a drop of 4.6% up to 454.6 million euros (509.4 million dollars). The ebitda on the other hand rised 17.3% in the period, up to 80.4 million euros (90.1 million dollars).

Tod’s registered an ebitda of 80.4 million euros (90.1 million dollars), 17.3% more

By brand, Tod’s registered a decrease of 9.7% in its revenue, up to 231.2 million euros (259.1 million dollars). Roger Vivier, rised its numbers 1.5% and Hogan only grew 0.19%, and Fay has registered the same number as the same period last year.  

By product category, apparel has been the one with the weakest performance, with a drop of 11.5%. Footwear has also arrived on the low, with an income of 4.1% less than the last year. Leather goods and accessories have also registered a similar behavior, with a drop of 4.8%.

By regions, China was the only territory where the groups numbers arrived on the rise, with an increase of 6.8%. In Italy, Tod’s dropped 9.5% and in Europe and America, drops were 7.6% and 6.8% respectively.