Earnings Brief
Jack Ma Lays Low As Alibaba Rides Quarterly High
On February 2, Alibaba reported that revenue soared 37 percent year-over-year to $33.89 billion in the December quarter, beating analysts’ estimates. Read More
VF Corp.’s Q3 Earnings Are Far From Supreme
VF Corporation's Q3 figures were far from supreme, with profits dropping 25 percent to $347.2 million from $465 million in 2019. Read More
LVMH Saved By Louis Vuitton & Dior Rebound
LVMH witnessed a substantial rebound after Q2, its worst-performing quarter with a 38-percent loss, before recovering to a six-percent loss in Q4. Read More
China’s Craving for Cartier Gives Richemont A Much-Needed Boost
Richemont sales rose 5 percent during the holiday quarter, driven largely by Chinese consumers splurging on luxury jewelry and watches. Read More
Burberry Sets Sights on China and Young Consumers As Retail Sales Fall
Burberry’s Christmas quarter is not looking too merry, with COVID-induced store closures resulting in a 9 percent drop in comparable sales. Read More
Soaring China Demand Boosted Tiffany’s Third Quarter Sales
On November 24th, Tiffany & Co. reported a strong earnings growth in third quarter, helped by a resurgence of demand in China and e-commerce. Read More
Bilibili’s New Markets Grow Users — But Also Losses
Bilibili reported solid user growth and stickiness in Q3 because of an increase in content production that allowed it to reach more online communities. Read More
Pinduoduo Sales Jump Alongside Chinese Consumer Spending
On November 12, China’s third-largest e-commerce player, Pinduoduo, posted a revenue jump of 89 percent to $2.1 billion over the third quarter. Read More
Burberry Reports First Gains After Pandemic Drop
Burberry has seen recovering store sales, which jumped from a 45 percent decline over the first quarter to just a 6 percent loss in the second. Read More
Capri Holdings Reports Gain In Q2 Thanks To China
Capri Holdings revealedits second-quarter fiscal 2021 results, which beat quarterly revenueand profit estimates, shares went up by 13 percent. Read More
