Stock Analysis
Brunello Cucinelli Full Year 2023 Earnings: EPS Misses Expectations
Brunello Cucinelli (BIT:BC) Full Year 2023 Results
Key Financial Results
- Revenue: €1.14b (up 24% from FY 2022).
- Net income: €114.6m (up 42% from FY 2022).
- Profit margin: 10% (up from 8.8% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: €1.69 (up from €1.19 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brunello Cucinelli EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.
The primary driver behind last 12 months revenue was the Americas segment contributing a total revenue of €404.5m (35% of total revenue). The largest operating expense was General & Administrative costs, amounting to €246.2m (50% of total expenses). Explore how BC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Italy.
Performance of the Italian Luxury industry.
The company's shares are down 2.1% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Brunello Cucinelli's balance sheet.
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Find out whether Brunello Cucinelli is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About BIT:BC
Brunello Cucinelli
Brunello Cucinelli S.p.A., together with its subsidiaries, engages in the production and sale of clothing, accessories, and lifestyle products in Italy, Europe, North America, Japan, and China.
Outstanding track record with flawless balance sheet.