MILAN — Revenues at Tod’s SpA grew nearly 14 percent last year on buoyant demand for high-quality footwear and handbags.
Preliminary sales for the 12-month period ended Dec. 31 grew 13.9 percent, to 573 million euros, or $721.9 million, on increased momentum in the last quarter. Same-store sales rose 8.1 percent last year.
The company will report full-year profits March 29.
Dollar figures have been converted from the euro at average exchange rates for the period to which they refer.
“We confirm our expectations of a more than proportional growth in profitability,” Tod’s chairman and chief executive officer, Diego Della Valle, said in a statement. “We also believe that in the forthcoming years, the results of the recently made investments will be even more evident, and will bring a continuous and steady growth of revenues and profitability.”
Full-year revenues at the Tod’s brand rose 13.1 percent, to 326.4 million euros, or $411.3 million, while sales at Hogan climbed 23.3 percent, to 155.5 million euros, or $195.9 million.
The company highlighted the progress at footwear and accessories label Roger Vivier, which pegged a 69.7 percent jump in sales, to 6.5 million euros, or $8.2 million. Niche clothing brand Fay increased sales 6.8 percent, to 82.4 million euros, or $103.8 million.
Sales in Italy rose 15.8 percent, to 279.6 million euros, or $352.3 million, and sales in other European countries advanced 8.2 percent, to 145.4 million euros, or $183.2 million. Sales in North America, a much smaller market for Tod’s, increased 5.2 percent, to 60 million euros, or $75.6 million.
Tod’s is focusing its retail expansion in Asia. The company opened 17 franchised stores last year, most of them in Asian countries. Sales in the Far East and the rest of the world rose 25.3 percent, to 88 million euros, or $110.9 million.