Dubarry brand reports profit drop - footwearbiz: Leading site for glob

News

Dubarry brand reports profit drop

10/10/2024
Dubarry brand reports profit drop

FLWG Holdings Ltd, the company behind the Dubarry footwear and clothing brand, reported a 21.6% drop in pre-tax profits for the year ending November 2023, citing challenging trading conditions.

Revenues fell by 11%, with higher stock levels due to lower-than-expected demand in certain economies.

Despite the tough conditions, directors expressed cautious optimism for 2024. Staff costs and directors’ pay increased, while post-tax profits amounted to €3.32 million. Shareholder funds stood at €20.33 million, with cash reserves increasing to €4.37 million. However, accumulated profits fell from €24.55 million to €16.82 million, primarily due to a share buyback.


footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.