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Tod’s sales rise 17% in first half of year

Published by Uma Rajagopal

Posted on September 8, 2022

1 min read

· Last updated: February 4, 2026

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Display of Tod’s luxury shoes reflecting the brand's 17% sales rise - Global Banking & Finance Review
The image features an elegant display of Tod’s luxury shoes in Zurich, highlighting the brand's 17% sales increase in the first half of the year, despite challenges in Greater China.
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MILANO (Reuters) – Sales at Italian fashion group Tod’s rose by 17% in the first half of the year, broadly in line with market expectations, despite a COVID-driven slump in China in the second quarter. Revenues totalled 467.5 million euros ($464.70 million) in the six months to June, pushed by Europe and Americas, while they […]

MILANO (Reuters) – Sales at Italian fashion group Tod’s rose by 17% in the first half of the year, broadly in line with market expectations, despite a COVID-driven slump in China in the second quarter.

Revenues totalled 467.5 million euros ($464.70 million) in the six months to June, pushed by Europe and Americas, while they fell by 19% in Greater China at constant exchange rates due to COVID-19 restrictions.

Operating profit improved to 17.7 million euros from a 2.7 million euros loss an year earlier, the company said on Wednesday.

Analysts had expected 464 million euros in sales and a 9 million euros EBIT, according to a Refintiv consensus.

($1 = 1.0060 euros)

(Reporting by Claudia Cristoferi, editing by Federico Maccioni)

Frequently Asked Questions

What is operating profit?
Operating profit is the amount of money a company makes from its core business operations, excluding any income derived from non-operational activities. It is calculated by subtracting operating expenses from gross profit.
What are revenues?
Revenues refer to the total income generated by a company from its business activities, such as sales of goods or services, before any expenses are deducted.
What is EBIT?
EBIT stands for Earnings Before Interest and Taxes. It is a measure of a firm's profitability that excludes interest and income tax expenses, providing insight into its operational efficiency.

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