HONG KONG — Esprit Holdings Limited reported higher profitsfor its most recent fiscal year, but saw shares drop by as much as 8.8percent Wednesday after it missed analysts’ forecasts.
Espritsaid net profit for the 12 months ended June 30 grew more than 11 timesto 873 million Hong Kong dollars, or $111.8 million, from theyear-earlier figure of 79 million Hong Kong dollars, or $10.1 million.Though higher, the net profit fell short of consensus analysts’ opinionforecast of 995.8 million Hong Kong dollars, or $128.4 million, to 1.01billion Hong Kong dollars, or $130.4 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"