Quo Vadis Tod´s ?
Tod's says 2014 sales flat at $1.1 billion
Italian luxury shoemaker Tod’s reported last Thursday sales of 965.6 million euros ($1.1 billion), broadly in line with last year as declines in sales at its Tod’s and Hogan brands were offset by an increase at Roger Vivier. The preliminary turnover is also in line with market expectations. In a statement, Chairman and CEO Diego Della Valle said he was confident the group would achieve positive results this year given the positive feedback for its Spring Summer collections and despite the low visibility and uncertainty of some markets. In the fourth quarter sales rose 4.5 percent to 224.6 million euros.
Tod’s SpA is an Italy-based holding company that creates, produces and distributes shoes, leather goods, accessorizes and apparel. Within the Company’s sector, it operates four brands, including Tod’s, which provides hand-crafted shoes, leather goods, accessories and apparel for both women and men; Hogan, which produces shoes, leather goods, accessories and apparel; Fay, which offers a collection of casual clothing for men, women and children; and Roger Vivier, a licensed brand produces shoes, handbags, jeweler, leather goods and sunglasses.
As of Jan 24, 2015, the consensus forecast amongst 40 polled investment analysts covering TOD’S SpA advises that the company will underperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Sep 29, 2014. The previous consensus forecast advised investors to hold their position in TOD’S SpA.