Geox S.p.A. (GEO.MI)
| Previous close | 0.6780 |
| Open | 0.6800 |
| Bid | 0.6540 x 0 |
| Ask | 0.6580 x 0 |
| Day's range | 0.6510 - 0.6800 |
| 52-week range | 0.6110 - 1.0700 |
| Volume | |
| Avg. volume | 572,551 |
| Market cap | 168.643M |
| Beta (5Y monthly) | 1.71 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.0300 |
| Earnings date | 31 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 20 May 2019 |
| 1y target est | 0.90 |
ReutersItalian shoemaker Geox sees lower 2023 sales but higher margins
The maker of breathable, waterproof footwear now sees full-year sales growth in the low to mid single digits at constant exchange rates, compared to previous guidance of between 4% and 6% year-on-year. Geox said the lower sales guidance reflected "a slowdown in sales performance in May and September due to decidedly abnormal weather conditions". Changing weather trends would force the firm to rely more heavily on best selling products and marketing, Geox Chief Executive Livio Libralesso told analysts, without giving further details.
ReutersGeox lowers 2023 sales guidance after setback in May
The group, with a presence in 110 countries, now expects sales to grow between 4% and 6% compared to 2022, down from previous guidance of 6-8%, it said in a statement. The positive trend was interupted by an 8% like-for-like decrease in May sales, the group said. Sales in Russia and Ukraine, which together account for about 10% of the group's total, were in line with plans at about 37 million euros despite the weakening of the ruble, the firm said.
