Concentration of ラブリークィーン’s Apparel Earnings in the Fourth Quarter
First written in FY2019-Q1. 2 of 5 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2020.
Rvh moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2024: 22 of 30 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「Although division sales remained at roughly the previous fiscal year's level in the first half, they declined sharply in February and March, which had been expected to be the year's peak busy season because of annual event demand. In addition to the backlash following the consumption tax increase in the second half, the decline reflected the cancellation of graduation and entrance ceremonies and the increase in small family funerals resulting from requests to refrain from going out and holding events due to the COVID-19 pandemic. Full-year sales came to 78.9% of the previous fiscal year's level.」
The apparel division's risk of fourth-quarter concentration materialized significantly as the busy-season demand disappeared due to the backlash following the consumption tax increase, COVID-19, the cancellation of graduation and entrance ceremonies, and the increase in small family funerals. - FY2020-Q3MaterialisedAnnual report
「Due to a temporary backlash following the consumption tax increase and sluggish sales of heavy apparel because of the mild winter, division sales were 91.4% of the year-earlier level, while division profit was a loss of ¥183 million, compared with profit of ¥23 million in the year-earlier period.」
In the apparel division, the backlash following the consumption tax increase and sluggish sales of heavy apparel due to the mild winter actually occurred. Sales were 91.4% of the year-earlier level, and the division recorded a loss. - FY2019RestatedAnnual report
「The fourth quarter was the busy season, with demand concentrated around seasonal wardrobe changes and events such as graduation and entrance ceremonies, and both brand sales and brand profit performed well.」
The company reconfirmed the apparel division's seasonality, with demand concentrated in the fourth quarter due to seasonal wardrobe changes and event-related demand, alongside the full-year busy-season performance. - FY2019-Q3MaterialisedAnnual report
「Sales and brand profit fell below forecast due to the recognition of a provision for returns adjustments, lower-than-target sales of winter casualwear because of the mild winter, and delays in the opening of the e-commerce site, among other factors.」
In addition to concerns over the second-half concentration and seasonality of ラブリークィーン's apparel earnings, actual sales and brand profit fell below forecast due to the mild winter, the delayed launch of the e-commerce site, and the provision for returns adjustments. - FY2019-Q1First statedAnnual report
「As earnings in this division are concentrated in the fourth quarter due to seasonal wardrobe changes and event-related demand, we expect performance to remain weighted toward the second half.」
The company newly indicated that earnings in ラブリークィーン's apparel division are expected to be concentrated in the fourth quarter and weighted toward the second half due to seasonal wardrobe changes and event-related demand.