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Tod's SpA (TOD.MI)

TOD.MI on Milan Stock Exchange

57.05EUR
23 May 2018
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Latest Key Developments (Source: Significant Developments)

Tod's CFO Sees Q2 LFL To 'Visibly Improve' Compared To Q1, To Be Positive Starting From H2
Wednesday, 9 May 2018 

May 9 (Reuters) - Tod's SpA CFO Emilio Macellari said in a conference call following Q1 sales ::CURRENTLY THERE ARE NO SIGNS THAT COMPANY WILL NOT MEET CURRENT CONSENSUS FOR FY 2018 - CONF CALL.NOT WORRIED BY NEGATIVE LIKE-FOR-LIKE SALES IN Q1, HOPES LFL WILL TURN POSITIVE ALREADY IN Q2 - CONF CALL.WHOLESALE POSITIVE IN SINGLE-DIGIT AREA IN Q1 IN ALL MARKETS EXCEPT FOR ITALY, WHICH WAS NEGATIVE - CONF CALL.HOPES MONTHLY LAUNCH OF NEW PRODUCTS, LAUNCH OF NEW PRODUCTS WILL BE AT LEAST ONCE EVERY TWO MONTHS - CONF CALL.MOST APPEALING BAGS ARE CURRENTLY OF SMALL DIMENSIONS, WHICH CAN BE PARTIALLY OFFSET BY QUANTITY - CONF CALL.ORDER BOOK FOR FALL/WINTER (LIMITED TO PART OF COLLECTION) IS DOWN IN LOW-MID SINGLE-DIGIT - CONF CALL.WEIGHT OF WHOLESALE WILL BECOME LESS AND LESS IMPORTANT - CONF CALL.DIFFERENT NUMBER OF COLLECTIONS IS ALSO DEDUCTING IMPORTANCE FROM WHOLESALE CHANNEL - CONF CALL.EXPECTS Q2 LFL TO 'VISIBLY IMPROVE' COMPARED TO Q1, TO BE POSITIVE STARTING FROM H2 - CONF CALL.FAIR TO ASSUME 2018 ITALY WHOLESALE TO REMAIN NEGATIVE IN LOW DOUBLE-DIGIT AREA, NOT MID-HIGH TEENS - CONF CALL.HAS SEEN SOME LACK OF INFLOW FROM CHINESE TOURISTS IN ITALY, EUROPE AND U.S. - CONF CALL.  Full Article

Italy's Tod's Says Q1 Sales At EUR 226.1 Mln At Reported Rates
Wednesday, 9 May 2018 

May 9 (Reuters) - Tod's SpA ::SAYS Q1 SALES EUR 234.1 MILLION VERSUS THOMSON REUTERS SMART ESTIMATE OF EUR 226.96 MILLION.SAYS SAME-STORE SALES DOWN 4.4 PERCENT IN Q1.CEO SAYS Q1 RESULTS ARE IN LINE WITH OUR EXPECTATIONS, SINCE NEW BUSINESS MODEL’S EFFECTS CANNOT BE VISIBLE YET.CEO SAYS, IF NEW STRATEGIC PLAN IMPLEMENTATION CONTINUES ACCORDING TO OUR EXPECTATIONS, WE CAN ACHIEVE 'EXCELLENT' RESULTS IN REASONABLE TIMEFRAME.SAYS Q1 SALES EUR 226.1 MILLION EUROS AT REPORTED RATES VERSUS THOMSON REUTERS SMART ESTIMATE OF EUR 226.96 MILLION.  Full Article

Tod's same store sales fall by 14.3 pct in first half of year
Thursday, 21 Jul 2016 

Italian luxury group Tod's says: revenues in the first half of the year stood at 497.6 million euros, down 3.4 percent from last year . same store sales at constant exchange rates were down by 14.3 percent in the first six months of the year . Chief Executive Diego Della Valle says development plan for the group continues, primary goal is to improve organic growth Further company coverage: [TOD.MI] (Reporting by Milan newsroom).  Full Article

Photo

Fashion and sport brands clash in luxury sneakers race

MILAN What do you get when luxury fashion meets sport? $10,000 sneakers.