TOD.MI - TOD'S S.p.A.
| Previous close | 37.48 |
| Open | 37.98 |
| Bid | 38.58 x 0 |
| Ask | 38.64 x 0 |
| Day's range | 37.80 - 38.82 |
| 52-week range | 28.42 - 42.00 |
| Volume | |
| Avg. volume | 63,172 |
| Market cap | 1.294B |
| Beta (5Y monthly) | 0.85 |
| PE ratio (TTM) | 55.88 |
| EPS (TTM) | 0.69 |
| Earnings date | 10 May 2023 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 20 May 2019 |
| 1y target est | 39.40 |
ReutersItalian fashion group Tod's sales jump in Q1, beating expectations
MILAN (Reuters) -Sales at Italian fashion group Tod's rose by 23% in the first quarter of the year, beating analysts' forecasts thanks to a strong performance in China and despite moderate growth in the Americas. "Considering the good sales trends we experienced in April and the excellent orders' backlog for the winter collections, I'm confident about the group's future results," said Tod's Chairman and CEO Diego Della Valle. Tod's sales in China were not very good at the beginning of the year, but they started to improve from the second half of January, the group's CFO Emilio Macellari told an analyst conference call.
ReutersTod's sees 'excellent' start of season after beating FY profit forecasts
MILAN (Reuters) -Italian fashion group Tod's said on Monday it had an excellent start of the season as it posted higher-than-expected operating profits for last year. "Considering the excellent start of the season in our stores and the solidity of the order book for next season, we are very confident about the group's future results", founder and main shareholder Diego Della Valle said in a statement.
- Reuters
Tod's sales exceed 1 billion euros in 2022
Sales at Italian fashion group Tod's came just over 1 billion euros ($1.09 billion) at current exchange rates last year, up 10% compared to pre-pandemic level, pushed by the strong growth of its main homonymous brand despite COVID curbs in China. Full-year revenues grew by 11.4% at constant exchange rates to 984 million euros. Analysts had expected 985 million euros in sales, according to a company provided consensus.
ReutersTod's founder abandons plan to delist company
The founding family of Italian luxury shoemaker Tod's said it was ditching a plan to delist the company after its initial buyout failed to meet the required threshold of support. DeVa Finance, the holding company of the founding Della Valle family, said it would not proceed with an operation that could be considered hostile or at least "not market friendly". Tod's founder and Chairman Diego Della Valle and his brother Andrea had offered to buy out other investors at 40 euros a share but that failed to gain the requisite 90% support.
ReutersTod's sales beat forecast as owners weigh de-listing
MILAN (Reuters) -Sales at Italian fashion group Tod's rose by a bigger-than-expected 16.4% in the first nine months of the year, as the founding Della Valle family weighs whether to push ahead with a proposed de-listing of the group. An attempt by the Della Valle brothers to buy out other shareholders in Tod's failed last month when their takeover offer fell short of the targeted 90% ownership threshold. Chief Financial Officer Emilio Macellari said the Della Valles were still considering whether to proceed with the de-listing by merging Tod's into the family's holding company - a possibility envisaged in the offer's investor document.
- Reuters
Tod's founders scrap buyout, mull next step as shares fall
Shares in Tod's plunged almost 20% on Wednesday to 31.9 euros, a level last seen before the Della Valle family's bid was announced at the start of August. The offer's failure means the Della Valles must decide whether to proceed with the proposed de-listing of Tod's anyway, by merging the group into the family vehicle DeVa Finance - a possibility raised in the bid's documentation. Tod's founder and Chairman Diego Della Valle and his brother Andrea had offered to buy out other investors at 40 euros a share and de-listing the company via a merger with DeVa Finance would likely leave minority shareholders worse off.
ReutersDella Valle family fails to reach 90% Tod's target as offer closes
The Della Valle family failed to reach the 90% ownership threshold needed to proceed with a proposed delisting of luxury shoemaker Tod's under their buyout bid, a Borsa Italiana filing showed on Tuesday. According to Reuters calculations, the Della Valles, who own 64.5% of the company, needed to gain the acceptance of 5,144,373 shares to reach the 90% threshold in their effort to take the company private. Tod's founder and chairman Diego Della Valle and his brother Andrea, through the vehicle DeVa Finance, have been offering to buy out other investors in Tod's at 40 euros a share, for an up to 338 million euro ($336 million) investment.
ReutersTod's investor repeats criticism of Della Valles' bid as offer nears end
Tod's investor Tabor Asset Management has sent a second letter to complain the price set by the founding family of the Italian luxury shoemaker in its take-private bid is unfair, as the offer nears its conclusion. Tod's founder Diego Della Valle and his brother, through their family vehicle DeVa Finance, have launched a 338 million euro ($329 million) offer to buy out other investors in the company and de-list it. Della Valle family owns 64.5% of the company, while French luxury giant LVMH said it would retain its 10% stake.
ReutersTod's owners in $344 million bid to take it private, split group
The Della Valle brothers said in a statement their holding company would offer to buy Tod's shares at 40 euros each, a 20.4% premium to Tuesday's closing price, valuing the company at 1.32 billion euros. French luxury giant LVMH will retain its 10% stake, after raising it last year in a move that Tod's said reinforced the 20-year friendship between the two companies' respective founders, Bernard Arnault and Diego Della Valle. "The objective is to enhance the value of the group's individual brands, giving them strong individual visibility and operational autonomy," the Della Valles said in the statement.