Tod's : Disappointing Q3 2018. Consensus achievable but complicated…
>Q3 2018 sales down -3.5%cc (vs Oddo BHF’s estimate: -2.6%cc), 2% below our estimates - Tod’s reported Q3 2018 sales of € 229m, for organic growth of -3.5%cc, 2% shy of our expectations.Q3 2018 sales by region:Italy (€ 79m, -3.7%cc, 3% above our estimates).Europe, excl. Italy (€ 60 m, -5.9%cc, 5% below our estimates).Americas (€ 17m, -2.2%cc, 5% below our estimates).China (€ 43m, -4.7%cc, 10% below our estimates).Other (€ 31m, 3%cc, 7% ab...Tod's operates in the luxury sector under its proprietary brands (TOD'S, HOGAN and FAY) and licensed brands (ROGERVIVIER). Co. creates, produces and distributes shoes, leather goods and accessories, and apparel. The TOD'S brand is known for shoes and luxury leather goods. The HOGAN brand is known for shoe collections for women, men and children, and also crafts various leather goods items. FAY is a brand with a focus on casual wear. ROGERVIVIER brand includes shoes, handbags, small leather goods, jewelry and sunglasses.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.