Jimmy Choo Profits Surged In The First Half Or Lower Due To Sterling Exchange Rate

The brand of high-end footwear looks like a sign of recovery. At the beginning of last year, the shoe brand Stuart Weitzman, which was purchased at US $574 million Coach, is showing market potential. In the fourth quarter, the brand sales volume was $84 million, higher than that of FactSet's $81 million 600 thousand.

The company said takeover.

After that, it has the operation capacity of many brands, expanding product categories and further improving the overall market share.

As of the first half of June 30th this year, Jimmy Choo revenue increased 9.2% to 173 million 100 thousand pounds, operating profit soared 42.6% to 25 million 300 thousand pounds.

Gross profit margin and cost control were effective. After adjustment, EBITDA increased by 12.8% over the same period last year.

Gross profit margin rose 90 basis points to 63.6% in the first half of this year.

By region, Asia does not include

The fastest growth, an increase of 22.1% to 27 million 100 thousand pounds compared with the same period, the Japanese market grew 18.2% to 22 million 200 thousand pounds.

However, the US market fell in the first half of this year, down 3.4% to 50 million pounds.

The European, Middle Eastern and African (EMEA) markets grew by 12.2% to 73 million 800 thousand pounds.

The company said its men's shoes sales were outstanding in the Japanese market in the first half of this year.

Shoe sales account for 26% of Japan's total revenue.

China and Hongkong recorded record breaking growth in the first half of the year, but the company did not disclose the revenue and sales figures of China and Hongkong.

Up till now, Jimmy Choo has altogether 18 shops in the mainland.

In the past few months, the shoe brand Giuseppe Zanotti has established a joint venture with the long term partner Hongkong franchisee to expand its business in Greater China.

Giuseppe Zanotti said the new company, called Giuseppe Zanotti Design Hongkong Limited by Share Ltd, will help brands accelerate growth in the coming years.

Roger Vivier, which has always been the most stable shoe brand of Tod's group, has recently launched a limited number of shoe series in Hongkong. In recent years, the decline of mainland tourists has led to the sale of luxury goods industry in Hongkong. But Roger Vivier has paid more and more attention to the Hongkong market. It shows that the brand is optimistic about the performance of the region.