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Jimmy Choo first half boosted by Asia, men's offering

Thu, 25th Aug 2016 08:48

(ShareCast News) - Luxury shoe retailer Jimmy Choo reported a jump in revenue and operating profit for the first six months of the year thanks to strong growth in Asia and a good performance from the men's category.For the six months to the end of June, revenue was up 9.2% at reported currency to £173.1m, with operating profit up 42.6% to £25.3m.However, pre-tax profit fell to £6.6bn from £20.2bn.Chief executive officer Pierre Denis said: "These results represent an excellent performance in the period, with growth and margin expansion leading to improved earnings, further enhancing the brand's track record of delivery in all market conditions. "This is combined with strong underlying cash flow conversion leading to further positive steps on deleveraging. We have made a good start to the second half and we remain optimistic about our prospects both for this year and for our performance in the future."The company said Men's remains the fastest growing category, now representing 8% of global revenue. Jimmy Choo has 71 dual gender stores globally and said it sees the potential for continued growth in this sector so that it comes to represent a proportion of its revenue well into double digits.In terms of regions, the company said Asia led the way again, with revenue in Asia ex-Japan up 22% at reported currency to £27.1m and revenue in Japan up 18% at £22.2m.Revenues in Europe, the Middle East and Africa were up 12.2% at reported currency to £73.8m. However, business in the Americas was difficult, with revenue down 3.4% to £50m. At 0910 BST, Jimmy Choo shares were up 5.7% to 124p.
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Monday broker round-up

(ShareCast News) - Randgold Resources: UBS reiterates buy with a target price of 9750p. AA: Goldman Sachs reiterates buy with a 370p target. Jimmy Choo: Barclays stays at equal-weight with a 140p target. Esure: Barclays reiterates overweight with a 247p target. Easyjet: UBS keeps at buy with a 11

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18 Nov 2016 07:41

Jimmy Choo revenue grows, on track for full year

(ShareCast News) - Luxury retailer Jimmy Choo reported revenue growth for the second half on Friday and said it was on track to deliver full-year underlying profits in line with expectations. In an update on trading since the end of June, the company said it was seeing revenue growth despite the con

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9 Oct 2016 16:22

Sunday share tips: Provident Financial, Jimmy Choo

(ShareCast News) - The top brass at Provident Financial did nicely for themselves in the wake of Brexit, picking up stock in the doorstep lender on the cheap. Chief Peter Crook, Vanquis bank president Chris Sweeney and corporate affairs boss Nick Boakes bought into the shares after they lost 26% of

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23 Sep 2016 09:39

Broker tips: Persimmon, Jimmy Choo, ASOS

(ShareCast News) - Housebuilder Persimmon and its peers got a boost on Friday as Liberum upgraded the stock to 'buy' from 'hold' and lifted price targets across the sector as it took a more positive view. "We have upgraded estimates across our coverage as 2016 trading is much better than we feared i

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23 Sep 2016 08:44

BofA ML upgrades Jimmy Choo to 'buy'

(ShareCast News) - Jimmy Choo got a boost on Friday as Bank of America Merrill Lynch upped the stock to 'buy' from 'neutral' and lifted the price target to 150p from 130p. It pointed out that although the stock offers the highest estimated earnings growth in the luxury sector, it trades at a 30% dis

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13 Sep 2016 06:53

Tuesday newspaper round-up: Jobs boost, Brainard caution, recovery 'mirage'

(ShareCast News) - Britain's employers have refused to panic following the referendum vote, but new jobs are likely to become increasingly scarce as concerns over Brexit talks undermine business confidence. Recruitment agency Manpower said that, on the surface, the EU referendum had done little to d

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9 Sep 2016 08:53

RBC reiterates 'outperform' rating, lifts target price on Jimmy Choo

(ShareCast News) - RBC Capital Markets reiterated an 'outperform' rating on Jimmy Choo and raised its target price to 160p from 150p as the broker upgraded its earnings forecasts on the luxury shoe maker. Following Jimmy Choo's first half results on 25 August, RBC believes there are two positive cha

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9 Sep 2016 08:31

BROKER RATINGS SUMMARY: Goldman Takes Centrica And Burberry Off List

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8 Sep 2016 16:41

Director dealings: Jimmy Choo CEO takes some profits

(ShareCast News) - Jimmy Choo chief executive Pierre Denis sold £400,000 worth of shares in the shoe maker a few days after interim results sent the shares strutting to their highest level since late April. Denis, who has been CEO since July 2012, sold 100,000 shares at a price of 125.625p apiece, t

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7 Sep 2016 10:31

Wednesday broker round-up

(ShareCast News) - Centrica: Goldman Sachs downgrades to sell with a target price of 213p. Ashmore: Barclays maintains underweight with a 270p target. Aviva: UBS upgrades to buy with a 505p target. Polymetal: Berenberg reiterates buy with a 1200p target. SSE: Goldman Sachs keeps at neutral with a

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2 Sep 2016 16:10

DIRECTOR DEALINGS SUMMARY: Jimmy Choo Non-Executive Buys Shares

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30 Aug 2016 16:24

Directors dealings: Jimmy Choo boss picks up more stock

(ShareCast News) - Jimmy Choo boss Pierre Denis added to his stake in the luxury shoe and fashion accessories-manufacturer after excercising an option worth a total nominal consideration of £1.0m. Dennis excercised options over 439,801 shares of 100p each, while simultaneously selling 206,740 shares

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25 Aug 2016 06:44

Jimmy Choo Profit Hit By Finance Costs, But Revenue Rises

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