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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 …

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Tod’s Surprises With Worse-Than-Expected Profit, Sales Fall

In Industry News, What's New by Accessories StaffLeave a Comment

Milan—Tod’s disappointed on Thursday with a larger-than-expected fall in first-half core profit on lower revenue, as negative currency effects added to a weak performance in China and the United States. First-half earnings before interest, tax, depreciation and amortization (EBITDA) were down 20% to 103 million euros (about $138 million), below …