Company Earnings Announcement
Kering Group reports third-quarter revenue trailed estimates amid the weakest growth in four years at the Gucci luxury-goods brand of 0.6 percent. For Q3, Gucci’s parent company, Kering Group announced a turnover of 1.6 billion euros, a 5.6 percent increase compared to the same period last year.
The American premium house Coach reported sales of USD1.15 billion for its first fiscal quarter ending 28 September 2013, compared with USD1.16 billion reported in the same period of the prior year, a decrease of 1 percent. Coach’s main market, the US reported sales decline of 1 percent to USD778 million, compared to USD784 million last year.
US consumer goods giant Procter & Gamble reported a 7.6 percent rise in quarterly earnings Friday on higher sales and confirmed its financial outlook.
P&G, a component of the Dow index, said earnings for the period ending September 30 came in at $3 billion on revenues of $21.2 billion, up from the prior year level of $2.8 billion on revenues of $20.7 billion.
Samsung Electronics Co announced on Friday that it had generated a record net profit of KRW8.24 trillion (USD7.76 billion) in the third quarter, thanks to strong smartphone sales and higher microchip prices.
Total revenue between July and September rose by 13.2 per cent year-on-year to 59.08 trillion won, while operating profit climbed 26 per cent to 10.16 trillion won.
Amazon reported a 24 percent increase in net sales in the third quarter of 2013 compared with the same period last year. From USD13.81 billion in Q3 2012, sales rose to USD17.09 billion this year.
“It’s been a busy few months — we launched a new Paperwhite and new Kindle Fires to positive reviews and surprised people with the revolutionary Mayday button—average Mayday response times are just 11 seconds,” said Jeff Bezos, founder and CEO of Amazon.com.
McDonald's Corp. posted higher revenues, operating income and earnings per share in the third quarter of 2013 compared with same period last year.
Our results reflect McDonald's ability to grow amid the broad-based "challenges of the current environment by focusing on those areas of the business within our control," said McDonald's President and Chief Executive Officer Don Thompson.
eBay Inc. reported that revenue increased 14 percent to USD3.9 billion in the third quarter of 2013.
Total company Enabled Commerce Volume (ECV) grew 21 percent for the quarter, to USD52 billion. Cross-border trade, which is another competitive strength of the company, was USD11 billion, representing 22 percent of the company’s total ECV.
Mobile enabled commerce volume was up 75 percent in the quarter, with downloads since inception exceeding 200 million and the company's suite of mobile apps attracting 3.2 million new customers.
Coca-Cola Co on Tuesday reported quarterly earnings that met Wall Street's expectations as it sold more of its namesake soft drinks, as well as teas and waters, despite a challenging economy.
Gap Inc. reported recently that September 2013 net sales were flat compared with the same period last year.
The company said net sales for the five-week period ended 5 October 2013 were USD1.46 billion compared with net sales of USD1.45 billion for the five-week period ended 29 September 2012.
“While September proved to be somewhat challenging, we remain steadfast in our commitment to deliver on our full-year goals,” said Glenn Murphy, chairman and chief executive officer of Gap Inc.
Guess Inc., the premium apparel and accessories brand for men and women on Wednesday said net profit dropped 7 percent to USD39.8 million in the second quarter of fiscal 2014 from USD42.9m a year ago. For the three months ended on 3 August 2013, total net revenue increased 0.6 percent to USD639m, from USD635.4m in the prior-year quarter. In constant currency, total net revenue decreased 1.4 percent.
Net sales in Asia fell 1.5 percent to USD65.9m from USD66.8m in the same period of the prior year. However, operating earnings rose 25 percent to USD5m.