Report
Andreea Hotaranu
EUR 147.86 For Business Accounts Only

Good Nine-Month Results for Geox Despite Challenging Retail Conditions

We maintain our EUR 3.22 fair value estimate for Geox following a review of the company's nine-month financial results. Despite the firm's ongoing progress in implementing the long-term strategic plan focused on product innovation, we maintain our no-moat rating as we do not foresee product innovation resulting in any meaningful brand differentiation that would lead to an economic moat.
The company reported a 4.3% increase in year-to-date revenue, mainly driven by the wholesale channel. The stor...
Underlying
Geox S.p.A.

Geox creates, produces, promotes, and distributes footwear and apparel under the Geox-brand for retailers and end consumers. Co. operates in two operating segments: footwear and apperal. As of Dec 31 2013, Co. operated 1,299 Geox Shops, of which 849 were franchised stores and 450 were directly operated stores. Co. distributes its products through multi-brand selling points and also through a Geox shops network in Europe, which includes Austria, Benelux, France, Germany, the U.K., Iberia, Scandinavia, and Switzerland; Italy; North America; and other countries.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andreea Hotaranu

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch