×
74 030
Fashion Jobs
UNDER ARMOUR
Stock Lead, ft
Permanent · ELLENTON
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · GRAND PRAIRIE
UNDER ARMOUR
Stock Teammate, Part-Time, $16.75 Per Hour
Permanent · LIVERMORE
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · San Bruno
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · Swansea
TJ MAXX
lp Detective-Clearwater
Permanent · Clearwater
TJX COMPANIES
Corporate Finance Manager, us Treasury
Permanent · Framingham
HOMEGOODS
Loss Prevention Associate - Full Time
Permanent · Braintree
MARSHALLS
Loss Prevention Customer Service Associate - 742
Permanent · Salisbury
TJ MAXX
70118-lp Detective
Permanent · Tustin
MARSHALLS
lp Detective- Miami, fl- Downtown
Permanent · Miami
MARSHALLS
Loss Prevention Customer Service Associate Part-Time
Permanent · Los Angeles
ROSS
Store Protection Specialist
Permanent · Honolulu
ULTA BEAUTY, INC.
General Manager
Permanent · Champaign
JCPENNEY
Sales Floor Supervisor - Village @ Fairview
Permanent · Fairview
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Phoenix
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Topeka
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Natick
Permanent · Natick
MACY'S
Asset Protection Detective, Perimeter Mall - Full Time
Permanent · Atlanta
MACY'S
Asset Protection Detective, Oak Brook Center - Full Time
Permanent · Oak Brook
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Mall at Greece Ridge Center - Full Time
Permanent · Rochester
Published
Aug 21, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Inspecs results hit by tough exchange rates in H1

Published
Aug 21, 2022

Global eyewear/lens design house Inspecs’ results would have been so much better but for a damaging exchange rate. In a nutshell, solid European business was affected by a “rapid decline” in the euro against the US dollar in Q2, which will lead it to “review the reporting currency with our advisors in 2023”, it said.


Inspecs/Superdry


The company makes eyewear under its own labels, as well as for brands including Superdry, O’Neill, Radley, Farah, Ted Baker, Lulu Guinness, Talbot Runhof and Marc O’Polo.

Its unaudited interim results for the six months ended 30 June were thus: revenue increased to a healthy $138.4 million from $125.7 million in the year ago H1. But at constant revenue, the increase would have been 15.8% to $145.5 million.

Meanwhile, operating profit more than doubled to $5.8 million from $2.5 million a year ago. Gross profit margin improved to 50.5% from 44.2% (underlying 49.1%)

But underlying EBITDA slipped to $15.1 million from $16.8 million in the previous H1 while reported profit before tax of $0.8 million was another positive, ahead of the $3.5 million loss previously.

The company also maintained a strong balance sheet with cash of $30.6 million on hand. 

CEO Robin Totterman said: "The group has made good progress against our strategic objectives during the period, specifically with the ongoing integration of the group's businesses and increasing our distribution reach around the globe.” 

He added: “Our European business performed ahead of internal budget for the first half.” 

And the outlook is positive too. That includes the start construction of its new factory in Portugal this year and an increase in its Vietnam production capacity through expansion. Group order books are also are ahead on a year ago, “and we enter the second half of the year in a good position.” 

Totterman added: “While we remain cautious of the overall economic outlook for the UK and European market, we remain focused on executing a number of strategic priorities that will increase production, enabling us to bring innovative new products to market and continue to deliver shareholder value."

Copyright © 2023 FashionNetwork.com All rights reserved.