PARIS — Sales at the Christian Dior fashion house increased 28 percent in the first quarter ended July 31 to 323 million euros, or $405.7 million. Dior noted that revenues in its own retail stores advanced 36 percent versus the year-ago period.
This story first appeared in the September 17, 2012 issue of WWD. Subscribe Today.
Dior had reported second-quarter results in July but restated them Friday as its financial year-end has been changed to April 30.
Sidney Toledano, Dior’s chief executive officer, told WWD July and August were good months with “a very strong trend across all product categories.”
Dior previously said revenues in the first half ended June 30 advanced 29 percent to 573 million euros, or $743.6 million.
Christian Dior SA is the parent company of the Dior fashion house and LVMH Moët Hennessy Louis Vuitton.
Revenues at LVMH for the three-month period ended July 30 rose 22 percent to 6.59 billion euros, or $8.28 billion.
Dollar figures are converted from euros at average exchange rates for the period to which they refer.
Dior SA cited double-digit momentum at Louis Vuitton; “robust” demand for liquor, watches and jewelry, and an “excellent performance of DFS and Sephora globally.”
In July, LVMH had said sales in the first half rose 26 percent to 12.97 billion euros, or $16.83 billion.
According to an LVMH spokesman, Dior SA’s financial calendar was changed in order to allow for more timely dispersal of dividends.