Tod' S Recorded A 3.1% Decrease In Business Revenue In The First Quarter.

This period of time has been active in our ears.

Maybe Tod's.

Gone through

After all the rumors of the creative director, Tod's's first quarter earnings data have also been updated.

It is reported that in the first quarter, the group's operating income recorded a decrease of 3.1% to 249 million 600 thousand yuan, a comparison.

There is a clear gap between the expected 262 million yuan.

In addition, the same store sales continued to decline, up 6% from the same period last year, and recorded a 12.4% decline.

By region, the Greater China region led a decline of 12%.

North America also showed a weak decline of 8.7%.

In addition, Europe has a slight increase of 0.3%.

The group is slightly challenging in mid March, but it is not impossible.

In the recent earnings conference, the group said that the market had slightly lowered its annual forecast, the annual growth of annual income and EBITDA's expectations fell to 4% and 20.5% respectively.

The group said that due to the failure of the development strategy of garment line in the past 3 years, the EBITDA of the group was retrogressive, while the loyal customers of the brand were dissatisfied.

Therefore, the group will consider giving up the extension of the garment line, turning to the leather accessories and shoes in the main group.

As a result of the above news, Tod's's stock price dropped 4.9% to 57.05 euros on the same day.