Adolfo Domínguez sees third year of profit with 2024 sales up nearly 8%
Adolfo Domínguez, a Spanish fashion brand known for its minimalist aesthetic and the slogan 'Wrinkles are beautiful,' closed fiscal 2024 on a positive note. The company increased its sales by 7.8% to reach €136.5 million, while net profit rose 24.4% year-over-year to €0.9 million. This marks the group's third consecutive year of positive results, although EBITDA declined 2.6% to €16.9 million.
As reported Thursday to Spain's Comisión Nacional del Mercado de Valores (CNMV), the brand recorded local currency sales growth 'in every market where it operates' for the fiscal year spanning March 2024 to February 2025: up 9.4% in Europe, 9.5% in Mexico, 2.4% in Japan and 12.1% across the rest of its international markets.
Europe remains the company's core business region, with Spain and Portugal as its most important markets. Sales rose by 8% in Spain and 24% in Portugal.
While Adolfo Domínguez's 7.8% revenue growth is strong, it reflects a slower pace than the previous fiscal year, when the brand reported an 11% increase in sales and nearly quadrupled its annual profit.
Gross margin reached €76.6 million but was impacted by 'higher logistics costs tied to a supply chain increasingly affected by geopolitical disruptions,' according to the company. Total expenses amounted to €63.1 million, with operating expenses accounting for 46.2% of sales—1.4% less than the previous year.
The company continued expanding its retail network, opening 25 new stores during the year, 43% of which were in Europe. It also completed seven relocations and five store renovations. The brand's e-commerce business, which operates in 31 markets, posted a 25.4% year-on-year increase.
'We closed a year marked by rising demand for our collections despite the challenging geopolitical environment, which increased supply chain costs and impacted profitability,' said Adriana Domínguez, executive chairwoman of the brand.
Alongside its financial results, the Galicia-based group announced the departure of CEO Antonio Puente. Íñigo de Llano has been appointed general manager. He joins the company from Inditex, where he previously served as international director for Zara 's parent company in Europe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
3 hours ago
- Fashion Network
G-III Apparel Q1 results
G-III Apparel announced on Friday a 4% decline in sales to $583.6 million in the first quarter, hurt by the U.S. fashion firm's returning of its Calvin Klein and licenses to parent PVH Corp. However, the New York-based company reported double-digit growth of its key owned brands, namely DKNY, Karl Lagerfeld and Donna Karan, which helped net income for the quarter ended April 30 rise to $7.8 million, or $0.17 per diluted share, compared to $5.8 million, or $0.12 per diluted share. "'G-III delivered solid first quarter results, marked by earnings that exceeded the high end of results underscore the strong demand and desirability of our brand portfolio and are a testament to our team's outstanding execution," said Morris Goldfarb, G-III's chairman and chief executive officer. Looking ahead, the fashion firm withdrew its full-year earnings forecast due to the uncertainty around U.S. tariffs and related macroeconomic conditions. The company expects the unmitigated cost of tariffs on goods imported into the U.S. will accrue additional expenses of approximately $135 million, which is expected to mostly affect the second half of the year. "We are reaffirming our net sales guidance for fiscal 2026 and working diligently to mitigate the impact of tariffs. Our experienced management team has a proven track record of successfully navigating periods of uncertainty, and we view the ongoing disruptions as an opportunity to strengthen our competitive position and capture incremental market share. As we advance our strategic priorities, we have never been more confident in the global resonance of our brands and the significant growth potential ahead to drive long-term profitability and shareholder value," concluded Goldfarb. G-III Apparel owns DKNY, Karl Lagerfeld, Donna Karan, G.H. Bass and Vilebrequin brands, and licenses over 20 brands including Nautica, Halston, Converse, BCBG and National Sports leagues, among others.
Fashion Network
5 hours ago
- Fashion Network
Beyond Yoga opens first East Coast store in Connecticut
Los Angeles-based active lifestyle brand Beyond Yoga has opened its first East Coast retail location in Greenwich, Connecticut. Spanning 2,760 square feet, the new Greenwich store is Beyond Yoga's most expansive retail space to date, offering the brand's broadest product assortment. Shoppers will find the full range of women's, men's, and maternity collections, as well as signature styles curated to align with the lifestyle of the local community. The store's design is a natural extension of the Beyond Yoga brand, featuring an open layout grounded in natural materials. Thoughtful architectural details include a preserved historic window that fills the fitting area with natural light, while customers can enjoy complimentary refreshments. Completing the space is a dedicated outdoor patio that will host community-focused events and work out classes as part of the brand's ongoing 'Club Beyond' platform. 'Greenwich is a vibrant community where wellness and movement are part of the daily lifestyle—and where many of our fans already live and shop with us online,' said Beyond Yoga's CEO, Nancy Green. 'This new store isn't just a retail space; it's a place to connect with others, take part in movement classes, and experience the essence of our brand in action.' The Greenwich location joins Beyond Yoga's growing portfolio of retail stores, including eight locations in California, Chicago, and Seattle. Looking ahead to later this year, the brand will expand into new markets, including the Boston Seaport Neighborhood, Westport, CT and Marin, California. Beyond Yoga also has over 1,218 wholesale accounts spanning both U.S. and international markets.
Fashion Network
5 hours ago
- Fashion Network
Beyond Yoga opens first East Coast store in Connecticut
Los Angeles-based active lifestyle brand Beyond Yoga has opened its first East Coast retail location in Greenwich, Connecticut. Spanning 2,760 square feet, the new Greenwich store is Beyond Yoga's most expansive retail space to date, offering the brand's broadest product assortment. Shoppers will find the full range of women's, men's, and maternity collections, as well as signature styles curated to align with the lifestyle of the local community. The store's design is a natural extension of the Beyond Yoga brand, featuring an open layout grounded in natural materials. Thoughtful architectural details include a preserved historic window that fills the fitting area with natural light, while customers can enjoy complimentary refreshments. Completing the space is a dedicated outdoor patio that will host community-focused events and work out classes as part of the brand's ongoing 'Club Beyond' platform. 'Greenwich is a vibrant community where wellness and movement are part of the daily lifestyle—and where many of our fans already live and shop with us online,' said Beyond Yoga's CEO, Nancy Green. 'This new store isn't just a retail space; it's a place to connect with others, take part in movement classes, and experience the essence of our brand in action.' The Greenwich location joins Beyond Yoga's growing portfolio of retail stores, including eight locations in California, Chicago, and Seattle. Looking ahead to later this year, the brand will expand into new markets, including the Boston Seaport Neighborhood, Westport, CT and Marin, California. Beyond Yoga also has over 1,218 wholesale accounts spanning both U.S. and international markets.
