All articles by Bob McGee
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News briefsNew Balance aiming for $10bn as worldwide sales grew 20% in 2024
The Boston-based company declared that global sales increased by 20 percent last year to $7.8 billion.
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News briefsAmer Sports reports preliminary FY24 results
Sales growth for Amer Sports for the full year 24 is expected to be at the high end of the previous guidance range of 16 to 17 percent. This is despite currency headwinds in the fourth quarter.
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ArticleStella Intl. generates higher FY sales, shipments
Stella International, the publicly traded developer of footwear and leather goods, experienced a 3.5 percent increase in unaudited consolidated revenues to $1,545.1 million for the 12 months ended Dec. 31.
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News briefsXtep Intl. updates on Q4, F24
The company’s core Xtep brand generated high-single-digit year-on-year growth for the FY and Q4.
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AnalysisAnalysis: 2024 Global Sporting Goods Industry Stocks Slip Lower in 2024
Which of the top 85 sporting goods companies performed best, and which lost ground in 2024? Get the figures.
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ArticleNike has a tough run as Q2 results show Ebit down 26%
“This isn’t going to be easy, but we’re ready for the challenge.” Ebit is down 26 percent, after three seasons of loss, but Nike CEO Hill sees light at the end of a long tunnel.
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q3 2024
The aggregate year-over-year sales of 45 publicly traded sporting goods companies declined by less than 1 percent in the reporting period closest to Sept. 30 in Q3 2024. Find out more with our latest scorecard.
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ArticleZumiez continues to eye profitability in Europe despite recent weather woes
Total Q3 revenues grew by 2.8 percent to $222.5 million from $216.3 million.
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ArticleLululemon expanding further in China, EMEA
With its international business growing strongly and its U.S. business projected to regain its mojo, it will expand its presence in Asia.
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ArticleKey Q3 developments lead Foot Locker to lower FY guidance
Foot Locker’s operating income fell 74% to $12 million in Q3. Total sales declined 1.4% to $1.96 billion.
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News briefsChina Dongxiang reports H1 operating profit
At period end, the group had 557 directly operated Kappa stores, which generated RMB452 million (€59.0m) in sales.
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ArticleThe Gap ‘increasingly confident’ in Athleta’s trajectory
Third quarter net sales at Athleta rose by 4 percent year-over-year to $290 million as comparable sales increased by 5 percent for the period ended Nov. 2. As expected by parent Gap Inc., the segment’s return to positive comparable sales was attributed to new products and marketing resonating with customers. ...
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News briefsKMD Brands issues Q1 update
The company said its final H1 results will depend on the upcoming Black Friday and Christmas shopping periods.
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ArticlePerfect Moment reviewing its European distribution strategy
The group wants to improve margins in the region, which accounted for more than 30 percent of its revenues during the most recent FY, for FY26.
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ArticleFila Holdings delivers 1 percent operating profit gain in Q3
Gross margin improved by 450 basis points to 54.0 percent from 49.5 percent and total sales were up 6.0 percent year-over-year at KRW1,049,458 million (€704.5m) versus KRW990,192 million.
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ArticleXebio reports 38% increase in H1 operating profit
The company’s outlook for the 12 months ending March 31, 2025, calls for 43 percent year-over-year operating profit growth to €36.3m.
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ArticleTopgolf Callaway Brands drops FY guidance, confirms Topgolf strategy
Operating income tumbled 54 percent to $33.7 million from $73.8 million for the three months ended Sep. 30.
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ArticleOn Holding’s Q3 results impacted by currency effects
On failed to meet expectations for its quarterly earnings due to a 42.6 million Swiss franc (€45.4m) currency fluctuation impacting results. Still, the Swiss group posted another blockbuster sales period and increased its revenue and gross margin guidance for the year. Operating income rose by 26 percent to CHF72.6 ...
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ArticleYue Yuen posts strong manufacturing but weak retail results
Yue Yuen generated strong nine-month manufacturing results but the group’s retail arm, Pou Sheng Intl., suffered from soft sales momentum with weak traffic across various Chinese cities.
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ArticleAcushnet sales up in Q3, but profit dips
Titleist golf ball sales rose by 18.2 percent to $213.9 million year-over-year, helped by the introduction of new GT drivers and Fairway metals.
