Casual Shoes Brand Geox Net Profit Fell 47.1% In The First Quarter.

< p > by operating costs, Italy leisure a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > production retailers Geox SpA (GEO.MI) Jian Le Si net profit fell 47.1% to 10 million 47 thousand euros in the first quarter, and earnings per share 0.04 euros, the same period last year 18 million 998 thousand euros, and earnings per share of 0.07 euros.

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In the first quarter of March 31, 2014, Geox's revenue rose 2.3% to 268 million 500 thousand euros, compared with 262 million 500 thousand euros in the same period last year. As sales cost rose 5.6% to 146 million 600 thousand euros, gross profit fell 1.5%, from 123 million 700 thousand euros to 121 million 900 thousand euros in the same period last year, and the gross profit margin dropped to 45.4% points with 170 basis points. Business profits also fell sharply, decreasing from 43.3% euros in the same period last year to Euro P, with a significant drop in operating profit and a large base point to net profit margin.

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< p > by analogy, sales of Geox's footwear products rose by 1% to 232 million euros in the first quarter, compared with 229 million 700 thousand euros in the same period last year, accounting for 86.4% of the total revenue. < a target= "_blank" href= "//www.sjfzxm.com/" > clothing > /a > revenue rose 10.9%, from 32 million 895 thousand euros last year to 36 million 476 thousand euros.

Italy's domestic market revenue rose 8.3% to 97 million 372 thousand euros, compared with 89 million 924 thousand euros a year earlier; the income of European markets rose 0.1% from Italy in the same period last year, from 8.9% euros in the same period last year to 8.9% euros, from 13 million 464 thousand euros in the same period last year to 12 million 271 thousand euros, and other market income dropped to 1% euros, from the 43 million 290 thousand euro in the same period last year to the euro. According to the channel, the wholesale channel income of many brand shops dropped to the euro in the first quarter, from the euro in the same period last year to euro Geox; the income of the single brand stores rose to Euro euros, and the franchise store income fell, from the euro in the same period last year to the euro, and the direct store revenue rose sharply, from the Euro euro to Euro euro in the same period last year. By region,

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< p > Geox Jian Le Si maintained the previous 800 million euro < a href= "//www.sjfzxm.com/business/" > Sales < /a > target and breakeven expectations unchanged in 2014, and released the 2014 three year plan for the year of -2016.

Geox Jian Luo said that it would streamline its business to reduce costs, while focusing on core products and innovation. It would take shutting down measures for unprofitable single brand stores, and new stores must meet profitability requirements.

In the first quarter, Geox's stores decreased by 44, mainly in franchised stores, while the direct stores actually increased by 5.

Geox said he will improve the commercial structure of Eastern Europe and North Asia and expand the potential of the region in order to expand.

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