Tod''S S.p.A.: 1 director

A director at Tod'S S.p.A. sold 162,650 shares at 43.000EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

On the shelves now: Consumer weekly #27

In this Consumer Weekly newsletter, we provide a brief overview of the key factors affecting our Consumer coverage, from Luxury & Consumer goods to Retail & E-commerce and Food & Ingredients. This week, we take a look at the Q1 earnings season in the US, which is set to be a good vintag

Tod's Group receives a tender offer from L Catterton

Tod's Group (Buy | PT: EUR45 vs EUR49)

Among the Luxury groups in our coverage, Kering, Tod's Group and Salvatore Ferragamo are facing the same challenges to relaunch their main brands in a far more mixed environment. Implementing a successful brand turnaround strategy is not easy as we all know. Initial indications prompt us to remain

Turnaround stories are not always successful

Among the Luxury groups in our coverage, Kering, Tod's Group and Salvatore Ferragamo are facing the same challenges to relaunch their main brands in a far more mixed environment. Implementing a successful brand turnaround strategy is not easy as we all know. Initial indications prompt us to remain

Italian Luxury Goods: turn-around derby

Tod's Group & Ferragamo are comparable in a lot of ways. They are both Italian family-owned luxury groups that are similar in size and have undergone a transition period. However, Tod's is currently in more positive shape than the Florentine group, hence our Buy recommendation for Tod's group a

Luxury Goods: normalising demand to limit upside in H2

Where do we stand after H1?Since the start of the year, we have been positive on the European Luxury Goods sector on expectations that China's reopening would bolster Luxury Goods sales throughout 2023. Q2 sales grew 17% on average. As expected, Hermès (+27%), Moncler (+26%) and Tod's Group (+24%)

Luxury Goods: VICs keep splashing out

Despite questions raised by investors on China's reopening, and US market normalization, we still expect strong growth in Q2 2023e (+15% y/y FX-n) for our Luxury goods coverage. Beyond Q2, we remain strongly convinced by the growth potential of the China luxury market especially for the most exclus

Time to be more positive on Tod's Group

After nearly two years of investments to enhance desirability of the group's brands, Tod's Group seems to be back on a growth trajectory. We have now turned positive on Tod's Group as we find that its brands have gained momentum across Europe and Asia. Across our coverage, Tod's should be one of th

Bryan, Garnier & Co Consumer Daily | Claranova, Mr Spex, MdM, Tod's

Bryan, Garnier & Co Consumer Daily | Casino, Maisons du Monde, Tod's

FY22 Tod's Group profitability above expectations

As expected, FY22 profitability at Tod's Group improved (EBIT margin gained 330bp to 5.9%), despite remaining at a very low level. FY23 is set to be a year of significant investments, especially in the Tod's brand. We expect FY23 sales to grow 10% and EBIT margin to gain 80bps to 6.7%. We reiterate

Bryan, Garnier & Co Consumer Daily | Tod's group, LMK, Casino

Tod's group should continue to invest behind its brands

Having released FY22 sales late January, Tod's Group will report its FY22 results on March 12th. 2022 sales grew 11% organically, we expect EBIT to almost double to EUR48m, implying a 200bp EBIT margin improvement to 4.8%, a level that remains very low. For 2023, we expect 10% organic sales growth

TOD'S GROUP: A decent exit for investors | NEUTRAL | EUR40

TOD'S GROUP - NEUTRAL | EUR40 A decent exit for investors Many strategic mistakes explain the absence of value creation since IPO! Decent exit for investors and DDV will develop the group’s brands without the financial markets pressure

TOD'S GROUP - NEUTRAL | EUR40 Management no too worried for FY prospec...

Q1 sales up 20%, in line with expectations Tod’s Group management no too worried for FY 22 sales prospects despite current situation in China Neutral recommendation reiterated

TOD'S GROUP: FY 21 EBIT above expectations, YTD retail sales up double...

TOD'S GROUP - NEUTRAL | EUR40 FY 21 EBIT above expectations, YTD retail sales up double digit Q4 sales 9% above 2019 2021 EBIT positive at EUR24m YTD sales remain well oriented

TOD'S sees an upgrade to Slightly Positive due to a better fundamental...

The general evaluation of TOD'S (IT), a company active in the Footwear industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 15, 2022, the closing price was EUR 48.60 and ...

TOD'S GROUP: Impressive sales momentum acceleration in Q4 | NEUTRAL vs...

TOD'S GROUP - NEUTRAL vs. SELL | EUR40 VS. EUR33 (-1%) Impressive sales momentum acceleration in Q4 Q4 sales up 9.6% on 2Y Impressive recovery in Italy and in US Earnings lifted by 16% Neutral vs Sell

TOD'S GROUP: Q3 sales clearly above expectations but still cautious gu...

TOD'S GROUP - SELL | EUR30 VS. EUR27 (-43%) Q3 sales clearly above expectations but still cautious guidance for FY EBIT Q3 sales grew 3% on 2Y track, mainly thanks to Europe recovery Q3 Retail sales up 6% on 2Y track Despite positive surprise on Q3 sales, FY EBIT should be still loss making TP lifted to EUR30