Jimmy Choo revenue and earnings witness growth in H1
Profit before tax increased by 11.5million pounds ($14 million) and adjusted consolidated net income for the period was 17.5million pounds ($22.5 million).
Overall, adjusted EPS increased 21 percent to 4.6 pence per share and EPS increased from 1.5p in the prior year first half to 3.6p this year.
In the period, Jimmy Choo’s retail revenue grew by 6.7 percent on a constant currency and 18.5 percent reported to 127.1million pounds ($163 million).
The company saw its online business, at 6.3 percent of total revenue, perform well in the first half, driven by the roll out of omni-channel services in the UK and the USA.
Overall, the company achieved like for like sales growth of 3.5 percent in the first half.
The company’s wholesale revenue fell by 1.6 percent on a constant currency basis, but increased 10.4 percent on a reported basis to 65.8 million pounds ($84 million)
Growth in the licencing segment with our partners Safilo and Interparfums for sunglasses & eyewear and fragrance respectively, was strong leading to revenue growth of 40.3 percent or 24.3 percent at constant currency in the first half. ■
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