Note: The start time of each company's fiscal year is different from the calendar year, so there may be cases where the fiscal quarter, year, etc. are inconsistent with the calendar year. Companies may report results on a quarterly or semi-annual basis.
Luxury giant LVMH achieved its best annual performance, with full-year operating income and net profit in 2022 reaching record highs: fourth-quarter operating income of 22.699 billion euros (about $24.6 billion), up 13.3% year-on-year. Full-year revenue was €79,184 million (approximately US$84.6 billion), up 23% from 2021. The net profit for the full year was 14.084 billion euros, a year-on-year increase of 17%. By business, the annual revenue of fashion and leather goods was 38.648 billion euros, a year-on-year increase of 25%. Boutique retail revenue was EUR 14,852 million, up 26% year-on-year. Revenue from watches and jewelry was 10,581 million euros, up 18% year-on-year. Revenue from perfumes and cosmetics was EUR 7,722 million, up 17% year-on-year. Alcohol revenue was EUR 7,099 million, up 19% year-on-year.
Swiss luxury giant Richemont reported slower sales growth in the fiscal third quarter ending late 2022 and below market expectations due to lower sales in Asia-Pacific markets outside Japan. The company's third-quarter sales were €5.4 billion (approximately $5.85 billion), up 5 percent in constant currency terms from the same period last fiscal year. Its core jewelry division, sales increased 8% in the fiscal third quarter, leading company-wide growth. Sales in Asia Pacific (excluding Japan) declined by 9% year-on-year due to the pandemic.
French luxury giant Kering released its fourth quarter and full year 2022 results. Group revenue in the fourth quarter was €5,284 million (approximately US$5.72 billion), down 7% year-on-year, mainly driven by a 14% decline in revenue from its pillar brand Gucci. In the fourth quarter, Gucci's revenue fell 14 percent to approximately EUR 2.73 billion, driven by its operations in China. Saint Laurent's revenue increased 4% year-on-year to €903 million and BaoDijia's revenue increased 6% to €469 million. For the full year, Kering's revenue was 20.351 billion euros (approximately US$22 billion), up 9% year-on-year; Recurring net profit attributable to the Group was approximately EUR 3,747 million, up 11% year-on-year.
Essilor Luxottica announces its fourth quarter and full year 2022 results. Fourth-quarter revenue was €6,106 million, compared to €5,579 million in the prior-year quarter. Among them, the professional segment generated revenue of 2.905 billion euros and the consumer segment generated 3.201 billion euros (approximately 3.47 billion US dollars). Full-year revenue was €24,494 million, compared to €19,820 million in 2021, with revenue from the professional segment of €11,770 million and consumer revenue of €12,724 million (approximately US$13.8 billion). Operating profit for the full year was EUR 3,157 million, compared to EUR 2,307 million in the previous year. Net income attributable to owners of the parent company amounted to EUR 2,152 million for the full year, compared to EUR 1,448 million in the previous year.
Hermes released its fourth quarter and full year 2022 earnings. Fourth-quarter revenue was €2.99 billion ($3.24 billion), compared to €2.38 billion in the year-ago quarter. Full-year revenue reached a record €11.6 billion (approximately US$12.6 billion), up significantly from €8.98 billion in 2021. Operating profit rose to EUR 4.7 billion, compared to EUR 3.53 billion in the previous year. Net income attributable to owners of the parent company was EUR 3,367 million for the full year, compared to EUR 2,445 million in the previous year.
Tommy Hilfiger, Calvin's parent company, announced results for the fourth quarter and fiscal year ended January 29, 2023. Fourth-quarter revenue was $2,489 million, compared to $2.43 billion in the year-ago quarter. Among them, Tommy Hilfiger had revenue of $1.341 billion and Calvin Klein had revenue of $1.021 billion. Net income attributable to the company for the quarter was $139 million, compared to $391 million in the year-ago quarter. Total revenue for the fiscal year was $9,024 million, compared to $9,155 million in the previous fiscal year. Net income for the fiscal year was $200 million, compared to $952 million in the previous fiscal year.
Swiss watch manufacturer Swatch Group announces 2022 results. Net sales were CHF 7,499 million (approximately USD 8.18 billion) in 2022, compared to CHF 7,313 million in 2021. Operating profit for the full year was CHF 1,158 million, compared to CHF 1,021 million in the previous year. Net profit attributable to the Group was CHF 807 million, compared to CHF 765 million in the previous year.
Tapestry, the parent company of Coach, announced results for the fiscal second quarter ended December 31, 2022. Quarterly net sales were $2,025 million, compared to $2,141 million in the year-ago quarter. Quarterly net income was $330 million, compared to $318 million in the year-ago quarter. Among them, Coach net sales were $1.45 billion, Kate Spade net sales were $490 million, and Stuart Weitzman net sales were $85.4 million.
Ralph Lauren announced results for the fiscal third quarter ended December 31, 2022. Quarterly net revenue was $1,832 million, compared to $1,815 million in the year-ago quarter. Quarterly net income was $217 million, compared to $218 million in the year-ago quarter.
Michael Kors' parent company, Capri Holdings Ltd., announced results for the fiscal third quarter ended December 31, 2022. Total quarterly revenue was $1,512 million, compared to $1,609 million in the year-ago quarter. Net income attributable to the Company for the quarter was $225 million, compared to $323 million in the year-ago quarter. Among them, Michael Kors had revenue of $1.095 billion, Versace revenue of $249 million, and Jimmy Choo revenue of $168 million.
Italian fashion brand Prada Group (Prada) announces its 2022 annual results. Net revenue (revenue) for the full year was €4.2 billion (approximately US$4.55 billion), an increase of 24.8% year-over-year. Adjusted EBIT profit was EUR 845 million, up 69.21% year-on-year. The group's net profit was 465 million euros, a year-on-year increase of 58.09%.
German fashion group Hugo Boss announced its fourth quarter and full year 2022 results. Sales in the fourth quarter were €1,068 million (approximately US$1.16 billion), compared to €905 million in the year-ago quarter. Sales were EUR 3,651 million (approximately USD 3.95 billion) in 2022, compared to EUR 2,786 million in 2021.
Danish jewelry manufacturer Pandora has announced its 2022 results. Full-year revenue was DKK 26,463 million (approximately USD 3,850 million), compared to DKK 23,394 million in the previous year. Operating profit (EBIT) for the full year was DKK 6,743 million, compared to DKK 5,839 million in the same period last year. Net profit for the full year was DKK 5,029 million, compared to DKK 4,160 million in the same period last year.
British luxury giant Burberry Group plc announced results for the third quarter ended December 31, 2022. Quarterly retail revenue was £756 million (approximately US$931 million), compared to £723 million in the same period last year.
Watch retailer Fossil Group released its fourth quarter and full year 2022 earnings. Net sales for the fourth quarter were $499 million, compared to $604 million in the year-ago quarter. Net loss attributable to the Company for the quarter was $9.4 million, compared to a net income of $19.6 million for the year-ago quarter. Net sales for the full year were $1,682 million, compared to $1,870 million in the previous year. Net loss for the year was $44.2 million, compared to $25.4 million last year.
Ermenegildo Zegna Group released its fourth quarter and full year 2022 earnings. Fourth-quarter revenue was €407 million (approximately US$440 million), compared to €409 million in the year-ago quarter. Full-year revenue was €1,493 million (approximately US$1.62 billion), compared to €1,292 million in the previous year.
Italian luxury goods company Salvatore Ferragamor, released its 2022 financial report. Revenue was €1,252 million (approximately US$1.35 billion) in 2022, compared to €1,136 million in 2021. Operating profit for the full year was €128 million, compared to €143 million in the previous year. The Group's net profit for the full year was 696.1 billion euros, compared to 786.5 billion euros in the previous year.
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