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    TOD   IT0003007728

TOD'S S.P.A.

(TOD)
  Report
Delayed Borsa Italiana  -  11:35:38 2023-02-03 am EST
36.78 EUR   -0.22%
01/26Mib breaks through 26,000 trailed by STMicroelectronics
AN
01/25Tod's sales exceed 1 billion euros in 2022
RE
01/25Tod's, 2022 sales over billion exceed pre-pandemic levels
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TOD'S S p A : beats expectations as sales pick up in fourth quarter

01/30/2020 | 01:56pm EST
FILE PHOTO:  Logo of Italian luxury shoemaker Tod's is seen at the company's store in Zurich

Luxury goods group Tod's beat analysts' expectations for 2019 revenues on Thursday after sales picked up in the fourth quarter, and said its strategy to lure more younger consumers was starting to show results.

The Italian group, famous for its Gommino loafers, said its total sales for 2019 fell by 2.6% to 916 million euros (773 million pounds) at current exchange rates. That marked a fourth straight annual decline, but was above an average analyst estimate of 909 million euros in a Refinitiv poll.

"The results of the last quarter showed an improvement in the revenue trend, despite the negative effects regarding the Hong Kong market. We are starting to register the first positive signs of our strategy," Tod's founder and top shareholder Diego Della Valle said in a statement.

The shoes and leather goods company launched a new strategy in late 2017 focussed on more frequent collections and collaborations backed by significant marketing investments in order to appeal to a younger customer base.

The 4% decrease in the closely watched indicator of same-store sales also signalled a small improvement compared with the 4.7% decline posted in the first nine months of the year.

The group's sales in Greater China grew by 2.3% in 2019 despite "the sharp slowdown" in the Hong Kong market where tourism has been hit by political protests.

Tod's also signalled a slight shift in its sales strategy, saying it would put less importance on the wholesale network and focus on its own shops and e-commerce partnerships.

"Although this strategy will temporarily reduce the turnover, we believe it is the right thing to do, in order to be able to completely control the distribution policy of our group, worldwide", Della Valle said.

(Reporting by Claudia Cristoferi; Editing by Susan Fenton)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
TOD'S S.P.A. -0.22% 36.78 Delayed Quote.21.47%
All news about TOD'S S.P.A.
01/26Mib breaks through 26,000 trailed by STMicroelectronics
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01/25Tod's sales exceed 1 billion euros in 2022
RE
01/25Tod's, 2022 sales over billion exceed pre-pandemic levels
AN
01/02Mib expected to rise on first day of year
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2022Mib at a loss; contraction is 13% in 2022
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2022Tod's founder abandons plan to delist company
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2022Tod's sales beat forecast as owners weigh de-listing
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2022Tod's nine-month sales rise more than expected
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More news
Analyst Recommendations on TOD'S S.P.A.
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Financials
Sales 2022 1 000 M 1 085 M 1 085 M
Net income 2022 19,4 M 21,1 M 21,1 M
Net Debt 2022 388 M 421 M 421 M
P/E ratio 2022 63,7x
Yield 2022 0,65%
Capitalization 1 217 M 1 321 M 1 321 M
EV / Sales 2022 1,61x
EV / Sales 2023 1,48x
Nbr of Employees 4 890
Free-Float 25,5%
Chart TOD'S S.P.A.
Duration : Period :
TOD'S S.p.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends TOD'S S.P.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 36,78 €
Average target price 35,33 €
Spread / Average Target -3,95%
EPS Revisions
Managers and Directors
Andrea della Valle Vice Chairman & Co-Chief Executive Officer
Diego della Valle Chairman, President & Co-Chief Executive Officer
Emilio Macellari Chief Financial Officer & Executive Director
Luca Cordero di Montezemolo Independent Non-Executive Director
Luigi Abete Independent Non-Executive Director
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