Jimmy Choo Share News (CHOO)

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Jimmy Choo revenue grows, on track for full year

Fri, 18th Nov 2016 07:41

(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 continued difficult climate for the luxury industry, driven by new store openings and improving retail trading in all regions in the second half, with China especially strong.During the period, it has opened four new directly operated stores, one in each region, while three stores - including the flagship store in Milan - were converted to the new store concept.The company said its like-for-like date in the second half has moved back into positive territory despite this disruption.Jimmy Choo said it expects to deliver margin improvement and strong underlying cash generation for the full year thanks to its focus on improving operating efficiency and cost management.In addition, it said the weaker pound continues to have a positive impact, as do the resultant changes in client behaviour, notably in respect of the UK.Chief executive officer Pierre Denis said: "The company continues to grow and to build on the strength of the brand and new store openings. We look forward to achieving another record year despite the challenging backdrop, and remain on track to deliver underlying profits in line with expectations."RBC Capital Markets reiterated its 'outperform' rating and 165p price target on the stock."Today's IMS demonstrates Jimmy Choo's strong execution in a difficult luxury environment, which we expect to be positively received by the market. We like its under-appreciated, long-term growth potential, with company specific levers for revenues (store roll-out, franchise conversions, Men's,) and margins (channel mix, product availability, renovations and operating leverage)."At 1020 GMT, the shares were up 2.6% to 132.15p.

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11 Nov 2015 16:40

Broker tips: Jimmy Choo, Whitbread, Experian

(ShareCast News) - Liberum downgraded Jimmy Choo to 'hold' from 'buy' and slashed the price target to 160p from 210p. "We believe Choo faces increased competition in shoes as other luxury goods companies chase growth," the broker said. It said the speed of the luxury slowdown is notable and yet to

11 Nov 2015 11:19

Wednesday broker round-up

(ShareCast News) - Auto Trader Group: Goldman Sachs downgrades to neutral. Target price: 415.00p. Fidessa Group: Finncap downgrades to sell, cuts target price to 1750.00p. Jupiter Fund Management: Barclays upgrades to overweight, lifts target price to 520.00p. Dcc: Exane BNP Paribas downgrades to

11 Nov 2015 10:36

Liberum downgrades Jimmy Choo amid increasing competition

11 Nov 2015 09:32

BROKER RATINGS SUMMARY: JPMorgan And S&P Capital IQ Positive On ITV

11 Nov 2015 08:20

LONDON BRIEFING: SABMiller And ICAP-Tullett Push M&A To Forefront

2 Nov 2015 09:54

BROKER RATINGS SUMMARY: HSBC Downgrades easyJet And IAG

25 Sep 2015 16:18

FTSE 250 movers: Healthy rise for Synergy Health, Aggreko powers down

(ShareCast News) - The FTSE 250 was up 287.23 points or 1.74% to 16,801.76, rising sharply on Friday morning on the back of Janet Yellen's comments overnight. Synergy Health shares skyrocketed on the news that a federal court in Ohio has ruled against the Federal Trade Commission's request for a pre

9 Sep 2015 17:01

Broker tips: Jimmy Choo, Hargreaves Lansdown, PZ Cussons

(ShareCast News) - RBC Capital Markets has initiated coverage of Jimmy Choo at 'outperform' with a 200p price target. "Jimmy Choo's footwear-focused model is attractive given the early stage of brand development and the defensiveness of the product category on a long term view," the Canadian bank sa

9 Sep 2015 11:53

RBC Capital starts Jimmy Choo at 'outperform'

7 Sep 2015 08:41

BROKER RATINGS SUMMARY: Bernstein Raises United Utilities And Centrica

1 Sep 2015 16:09

LONDON MARKET CLOSE: China Manufacturing Weakness Hits Stocks And Oil

1 Sep 2015 09:47

WINNERS & LOSERS SUMMARY: Latchways Clambers Up 48% On Takeover Offer

28 Aug 2015 14:36

FTSE 250 movers: Marshalls gains on interims, Debenhams slumps on downgrade

(ShareCast News) - London's FTSE 250 was a touch higher on Friday and by 1445 BST, was trading up 0.2% at 16,952.75, with investors mostly keeping to the sidelines at the end of what's been a pretty turbulent week. Marshalls was the standout gainer after the paving slabs specialist posted a strong s

28 Aug 2015 10:10

TOP NEWS SUMMARY: UK Economic Growth Confirmed At 2.6% In 2nd Quarter

28 Aug 2015 09:48

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Jimmy Choo Share News (CHOO)

Jimmy Choo revenue grows, on track for full year

Broker tips: Jimmy Choo, Whitbread, Experian

Wednesday broker round-up

Liberum downgrades Jimmy Choo amid increasing competition

BROKER RATINGS SUMMARY: JPMorgan And S&P Capital IQ Positive On ITV

LONDON BRIEFING: SABMiller And ICAP-Tullett Push M&A To Forefront

BROKER RATINGS SUMMARY: HSBC Downgrades easyJet And IAG

FTSE 250 movers: Healthy rise for Synergy Health, Aggreko powers down

Broker tips: Jimmy Choo, Hargreaves Lansdown, PZ Cussons

RBC Capital starts Jimmy Choo at 'outperform'

BROKER RATINGS SUMMARY: Bernstein Raises United Utilities And Centrica

LONDON MARKET CLOSE: China Manufacturing Weakness Hits Stocks And Oil

WINNERS & LOSERS SUMMARY: Latchways Clambers Up 48% On Takeover Offer

FTSE 250 movers: Marshalls gains on interims, Debenhams slumps on downgrade

TOP NEWS SUMMARY: UK Economic Growth Confirmed At 2.6% In 2nd Quarter

WINNERS & LOSERS SUMMARY: Marshalls Shares Climb On Rock-Solid Results

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Jimmy Choo Share News (CHOO)

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