During the reporting period, the group also initiated a stock buyback plan, repurchasing approximately 5.7 million common shares for approximately $300 million in the open market.

Chief Finance Officer Laurent Mercier said that Coty would implement new price increases in a very granular manner.

Driven by continued strong brand momentum across major markets, annual sales were at a record 26.5 billion Danish crowns last year.

The business in China has certainly seen sequential improvements in Q3. And that’s been better than in the previous quarter. And the group has “seen that momentum carry forward into January, as the country continues to reopen”.

Skechers hits record sales in 2022, but net profit plummets.

Besides, the company was given the Double A rating for climate and water for the fourth consecutive year by CDP (Carbon Disclosure Project).

Chairman, President and Chief Executive Officer Tim Boyle noted, “Financial performance could have been even higher, absent supply chain constraints.”

The Company expects gross and operating margin pressure to continue in the first half of 2023 as it sells through the remainder of its higher-cost inventory.

Dani Reiss, Canada Goose Chairman and CEO, said:“We are confident that the brand has regained its original momentum.”

Estée said it expects a return to sales growth in Mainland China and Asia travel retail in the second half of the year.