All articles by Bob McGee – Page 2
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ArticleMoncler nine-month sales rise by 6 percent
The Italian luxury group reported a 6% revenue rise over nine months, led by robust direct-to-consumer sales and substantial gains in Asia, despite challenges in Japan.
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ArticlePeloton beats Q1 guidance, hires new president and CEO
Peloton boosts FY25 outlook as it appoints Apple veteran Peter Stern to lead in January, with Q1 showing improved margins and cash flow turnaround.
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ArticleColumbia Sportswear reports margin improvement despite sales decline in Q3
Columbia Sportswear saw a 5% revenue decline in Q3, but it boosted its gross margin thanks to lower freight costs and a favorable sales mix. Despite lower US demand, growth in EMEA and LAAP regions balanced results.
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News briefsBrooks Running global revenues top $1 billion for nine months
The Seattle-based running specialist hit a major sales milestone ahead of Q4, with double-digit gains in EMEA and North America.
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ArticleGarmin posts double-digit sales gains in all segments
The Swiss company boosted its annual forecast again after a stellar Q3, with operating income up 62% and net income up 55% on double-digit growth across all segments.
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ArticleAdidas Q3: Ready to deliver revenue growth of 10%
In its Q3 report, Adidas says it is examining a business model focused on a new generation of consumers and is ready to deliver currency-neutral revenue growth of approximately 10% in 2024.
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ArticleVF Corp.’s turnaround continues to take shape
VF Corp. continues to make progress on its turnaround plan, delivering sequential sales improvement, a year-over-year increase in gross margin, and a 13 percent reduction in inventories in the second quarter that ended September 30.
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ArticleTopsports’ H1 revenues, profit tumble
Greater China’s top Nike and Adidas retailer saw sales, profit and gross margin fall in the six months to August 31.
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AnalysisThe world’s biggest sports retailers
Our annual analysis of the world’s largest sports retailers presents the revenue of the top international sports retailers and ranks their growth year-on-year.
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ArticleAdidas lifts FY guidance after another strong quarter
Citing current brand momentum and better-than-expected results in Q3 ended Sept. 30, Adidas increased its FY24 guidance for a second consecutive period. The German group is now forecasting about 10 percent currency-neutral sales this fiscal year, up from a prior outlook of a high-single-digit rate and €1.2 billion in ...
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News briefs361 Degrees updates on Q3
361 Degrees saw sales of both its own private label and kids’ brand products increase by 10 percent year-over-year.
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News briefsAnta Sports updates on Q3 results
The sales of Anta Sports recorded a mid-single-digit, year-over-year sales increase in the period ended Sept. 30.
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AnalysisMarket Analysis: The sports equipment market 2023
Our annual summary compares the 2023 and 2022 global revenue and market-share development of 39 companies and provides a breakdown by sector.
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ArticleNike’s FY25 gets off on the wrong foot, with Hill ready to lead the climb back
With sales and income down for Q1, the American giant will strive to spur growth through innovation.
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ArticleSofter consumer sentiment continues to hamper KMD Brands
New Zealand’s KMD Brands, owner of Rip Curl, Kathmandu and Oboz, saw FY24 sales drop 11.2% amid weak consumer sentiment, posting a NZ$48.3m net loss.
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AnalysisAnalysis: The top sporting goods industry performers by sales and profit in Q2 2024
One-third of the companies – 15 in all – reported a net loss in the reporting period closest to June 30 in Q2 2024. Find out more with our latest scorecard.
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ArticleUnder Armour revises FY outlook
Due to these expected actions, the Baltimore-based group has revised its FY25 outlook.
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News briefsZumiez Q2 results improve as North American comps rise high-single digits
The Q2 net loss of $847,000 was 90% better than the year-ago loss of $8,509,000.
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AnalysisMarket analysis: The sports apparel market of 2023
Our annual summary of the sports apparel market brings you global revenue and market-share development and a regional breakdown of 29 companies.
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ArticleFoot Locker customer prioritizes discretionary spending on footwear
Foot Locker stays on course despite economic challenges, focusing on its loyalty program, expanded brand portfolio, and upcoming mobile app launch.
