Esprit September collection

Esprit has warned shareholders prior to the publication of its full-year results on September 15. The clothing retailer is expecting a decrease in net income for fiscal 2010/11 ended June 30. According to a press release published at the beginning of the month, “net income for this financial year will record a significant decrease due to the one-off restructuring costs".


Over the first half of the fiscal year, Esprit enjoyed growth in sales at constant exchange rates and on a comparable basis of 1.6% to more than 1.6 billion euros. However, its profit had fallen by 20% to around 200 million.