Company Earnings Update 3 minutesRegister for Free AccessEsprit (330 HK) 1H17 Results: Recovers from a Net Loss, but Revenue Shrinks Coresight Research February 23, 2017 Executive Summary Esprit posted a net profit of HK$66 million for 1H17, a turnaround from the net loss of HK$232 million for the same period last year, driven by an increase in retail sales productivity and trimming operation costs. 1H17 revenues declined 10.6% to HK$8.3 billion from HK$9.3 billion in 1H16, due to closures of unprofitable stores and warm weather in Europe. The company intends to continue to execute its strategic plan with the primary focus of improving the bottom line. For 2H17, management expects to see little change from 1H17. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US Black Friday 2023: Early Read—Store Traffic Exceeds Expectations Despite Lack of DoorbustersSeptember 2023 US Retail Traffic and In-Store Metrics: Shopper Yield Decline Softens Despite Negative Trends in Store-Based Sales and TrafficChina’s 2023 National People’s Congress: What Retailers Need To KnowNextGen Commerce—Event Insights: Revolutionizing Retail Through AI
