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Tod’s 9-Month Profit Falls 21.6%

In Industry News, What's New by Jeff PrineLeave a Comment

Ancona, Italy—Tod’s reported that its nine-month profit dropped 21.6% as costs rose and fewer of its high margin leathergoods were sold. For January to September, the leathergoods and footwear brand posted earnings before interest, tax, depreciation and amortization (EBITDA) at 156.4 million euros (about $194.3 million), missing analyst expectations for …