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daphne international holding (210) Snapshot

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daphne international holding (210) Details

Daphne International Holdings Limited manufactures, distributes, and retails footwear and accessories in Mainland China, Hong Kong, and Taiwan. It offers its products under the brands of Daphne, Shoebox, AEE, Step Higher, AEROSOLES, and ALDO. As of December 31, 2014, the company sells its products through 5,930 points-of-sale units. It also exports its products primarily to the United States. The company was formerly known as Prime Success International Group Limited and changed its name to Daphne International Holdings Limited in June 2008. Daphne International Holdings Limited was founded in 1987 and is headquartered in Shanghai, China.

18,000 Employees
Last Reported Date: 04/14/16
Founded in 1987

daphne international holding (210) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $1.5M
Executive Director
Total Annual Compensation: $1.5M
Executive Director
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2015.
daphne international holding
Daphne International Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2016

The Board of Daphne International Holdings Limited updated the shareholders of the company and the potential investors that the group expected to record a net loss for the year ended 31 December 2016 in the range of approximately HKD 790 million to approximately HKD 840 million as compared to the net loss of HKD 379 million for the same period of last year; and an operating loss for the year ended 31 December 2016 in the range of approximately HKD 786 million to approximately HKD 845 million, representing an increase of approximately 58% to 70% as compared to the operating loss of HKD 498 million for the same period of last year. The increase in the expected net loss for the year ended 31 December 2016 is mainly attributable to no deferred tax asset would be recognized for certain temporary differences and tax losses.

Daphne International Holdings Limited Provides Earnings Guidance for the Full Year Ended 31 December 2016

Daphne International Holdings Limited provided earnings guidance for the full year ended 31 December 2016. For the year the Group expects that the net loss would increase by approximately more than 50%. The loss was mainly attributable to: Significant decrease in sales; Negative same store sales growth; Decreased gross profit margin resulted from aggressive clearance efforts and a higher weighting of aged products in the overall sales mix; Certain operational charges related to inventory and store rationalization. Nevertheless, the Group's net cash was improved and the inventory level decreased as a result of liquidation of aged inventory. Also, the Group's e-commerce continued to achieve sales growth.

Daphne International Holdings Limited Announces Unaudited Sales Results for the Third Quarter and First Three Quarters Ended September 30, 2016

Daphne International Holdings Limited announced unaudited sales results for the third quarter and first three quarters ended September 30, 2016. For the quarter, the company’s same-store sales of the Group's Core Brands business recorded a decline of 13.0% year on year. The same store sales decline for the third quarter of 2016 was mostly volumn driven, as average selling price of Core Brands saw a slight decrease during the period. For the first three quarters of 2016, the company’s store sales growth of the Core Brands was negative 12.1% year on year.

 

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