Geox jumps on Q3 results expectations, sales recovery in Q4
08/11/2021 14:50
** Shares in Italy' Geox GEO.MI rise 12% ahead of its Q3
results, which the shoemaker is expected to publish on Nov. 11
** As Geox's share price hit its highest in almost two
years, Milan-based traders cite third-quarter results
expectations and Banca Akros' earnings preview for Geox
** Banca Akros expects for Geox directly operated store
sales to slow growth in Q3, yet only temporarily, due to supply
chain issues
** Adds it expect sales to be recovered in Q4, as it
continues to like the ongoing restructuring and expects the
group to comment on its progression, including on the e-commerce
channel, ahead of the industrial plan presentation
** The stock is on track for its best day since Nov. 2020
(Reporting by Federica Urso, Andrea Mandala')
((Federica.urso@tr.com))