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Global fashion companies report mixed results in FY23

28 Feb '24
3 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Amazon reported robust performance in Q4 and FY23, with net sales reaching $*** billion in Q4 (up ** per cent YoY) and $****.* billion for FY23 (up ** per cent YoY).
  • Operating income for FY23 surged to $**.* billion.
  • In contrast, Aeffe Group saw a ** per cent decline in 2023 revenue, totalling €*** million, due to decreases in pret-a-porter and footwear.

Amazon (NASDAQ: AMZN)

Seattle-based Amazon, Inc reported fourth quarter (Q*) and full-year **** (FY**) results on February *, ****. Ending the fourth quarter on December **, ****, the group reported net sales of $*** billion, an increase of ** per cent over the previous year&#**;s $***.* billion. In the quarter, operating income and net income increased to $**.* billion and $**.* billion respectively, compared to $*.* billion and $*.* billion in the same quarter last year.

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